Consolidated Financial Results
For the Fiscal Year 2019 Ended March 31, 2020
(Japan GAAP)May 15, 2020
Company name: Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing: First Section of Tokyo

Code number: 5703URL: https://www.nikkeikinholdings.com/

Representative: Ichiro OKAMOTO,

President & Chief Executive Officer

The expected date of the ordinary general shreholders’ meeting: June 24, 2020

The expected date of dividends payment: June 25, 2020

The expected date for filing of securities report: June 24, 2020

Additional documents to supplement financial results: YesIR presentation: No (for analysts and institutional investors)(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results for the Year Ended March 31, 2020
(April 1, 2019－March 31, 2020)(1) Consolidated Results of Operations
Net sales(%: changes from the same period of the previous fiscal year)
Profit attributable
Operating profit
Ordinary profit
to owners of parent
Millions
Millions
Millions%%%of yenof yen
of yenYear ended

Millionsof yen%March 31, 2020

465,946(6.9)

24,607(18.1)

23,475(24.5)

7,476(63.6)March 31, 2019

500,451

3.9

30,0520.5

31,084

5.3

20,56014.1(Note) Comprehensive income:Year ended¥ 6,135 million / (68.8%)¥19,675 million / (10.2%)

Net profit
pershare (basic)
Yen

for the Year ended March 31, 2020
for the Year ended March 31, 2019

Yen

Return onequity(ROE)%

Net profit per
share (diluted)

Ratio ofordinary profit tototal assets

Ratio ofoperating profit
to net sales%%

March 31, 2020

12.07

－

4.0

4.9

5.3

March 31, 2019

33.20

－

11.4

6.6

6.0(Reference) Equity in net profit of affiliates:¥268 million¥680 million

for the Year ended March 31, 2020
for the Year ended March 31, 2019(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen
Millions of yen%
As of470,004
201,198
39.6
March 31, 2020
As of
481,303
202,735
39.0
March 31, 2019
(Reference) Shareholder’s equity:¥186,275 million
as of the Year ended March 31, 2020
¥187,854 million
as of the Year ended March 31, 2019

1Yen
300.83303.37

(3) Consolidated Cash Flows
Cash flows fromoperating activities
Year endedMillions of yen

Cash flows frominvesting activities
Millions of yen

Cash flows fromfinancing activities
Millions of yen

Cash and cash
equivalents at end of year
Millions of yen

March 31, 2020

48,676(29,684)(15,745)

36,296

March 31, 2019

34,644(22,777)(8,904)33,345

2. Dividends
Annual dividend per share
End offirstquarterYen

End ofsecondquarterYen

End ofthirdquarter
Yen

YearendAnnual

Yen

Yen

Total
dividends(annual)Payout ratio(consolidated)

Ratio ofdividends tonet assets(consolidated)%%

Millions ofyen

Year endedMarch 31,
―
4.00
―
5.00
9.00
5,574
27.1
3.1
2019
March 31,
―
4.00
―
5.00
9.00
5,574
74.6
3.0
2020
Year ending
March 31,
―――――
―
2021
(forecast)* Forecast of dividends for the year ending March 31, 2021, remains indeterminate due to unavailability of a rational
performance forecast at the current time.
3. Forecast of Consolidated Financial Results for the Year Ending March 31, 2021
(April 1, 2020－March 31, 2021)
Forecast of financial results for the year ending March 31, 2021, remains indeterminate due to the difficulty ofmaking a reasonable assessment at the current time as a consequence of the global spread of COVID-19. The
forecast will be promptly disclosed when it becomes possible to do so.

*Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation)
Newly added: ― (Company name: ― )Excluded : ― (Company name : ― )(2) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies caused by revision of accounting standards: Yes(ii) Changes in accounting policies other than (i): None(iii) Changes in accounting estimates: None(iv) Restatements: None(3) Number of shares outstanding (common stock)(i) Number of shares outstanding at end of period (including treasury stock)
As of the Year ended March 31, 2020
619,937,500 shares
As of the Year ended March 31, 2019
619,937,500 shares(ii) Number of treasury stock at end of period
As of the Year ended March 31, 2020
As of the Year ended March 31, 2019725,769shares
720,629 shares

2: None(iii) Average number of shares outstanding during the term
For the Year ended March 31, 2020
619,214,426 shares
For the Year ended March 31, 2019
619,220,839 shares*This financial summary is not subject to audit.
* Explanations and other special notes concerning the appropriate use of business performance forecasts:- The forward-looking statements such as result forecasts included in this document are based on the information
available to the Company at the time of the announcement and on certain assumptions considered reasonable,
and the Company makes no representations as to their achievability. Actual results may differ materially fromthe forecast depending on a range of factors.

3

【Attached documents】 Consolidated Financial Statements
1： Consolidated Balance Sheets(Millions of yen)
As of March 31, As of March 31,
2019
2020

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable – trade
Electronically recorded monetary claims – operating
Finished products
Work-in-progress, including costs related to construction-type contracts
Raw material and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures(Net amount)
Machinery and equipment
Accumulated depreciation
Machinery and equipment (Net amount)
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures(Net amount)
Land
Construction-in-progress
Total property, plant and equipment
Intangible assets
Goodwill
Other intangible assets
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

Attacched doucment1

33,417123,039
29,64230,453
19,10522,231
9,848(497)267,238

36,349105,458
27,57528,513
19,30918,788
10,767(385)
246,374

140,766(94,772)
45,994
290,629(246,465)
44,16434,317(29,593)
4,724
54,66315,023
164,568

152,490(96,976)
55,514
298,133(249,029)
49,10435,869(30,211)
5,658
54,587
8,894
173,757

1,999
3,555
5,554

1,555
4,312
5,867

29,623
6,618
7,924
(222)
43,943214,065
481,303

27,560
8,981
7,732
(267)
44,006
223,630
470,004

(Millions of yen)
As of March 31, As of March 31,
2019
2020

Liabilities
Current liabilities
Notes and accounts payable – trade
Short-term borrowings
Current portion of long-term debt
Income taxes payable
Other current liabilities
Total current liabilities
Long-term liabilities
Bonds
Long-term debt
Liabilities for retirement benefits
Provision for environmental measures
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Additional paid-in capital
Retained earnings
Treasury stock, at cost
Total shareholders' equity
Accumulated other comprehensive income
Net unrealized gains (losses) on securities
Net unrealized gains (losses) on hedges
Land revaluation surplus
Foreign currency translation adjustments
Remeasurements of defined benefits plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

Attacched doucment2

76,24455,411
14,496
3,422
34,791
184,364

63,82652,602
10,0682,654
33,191
162,341666
68,997
19,741
4,800
94,204
278,568

653
69,29920,115
10,6095,789
106,465
268,806

46,525
19,500117,206(68)
183,163

46,52518,983
119,108(69)
184,547

3,322
(9)
145
2,434
(1,201)
4,691
14,881
202,735
481,3032,230(120)
145
1,084
(1,611)
1,728
14,923201,198
470,004

2： Consolidated Statements of Income andConsolidated Statements of Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating profit
Interest income
Dividend income
Equity in earnings of affiliates
Rental income
Technical support feeOtherTotal non-operating profit
Non-operating expenses
Interest expense
Loss on disposal of fixed assets
Rental expense
Other
Total non-operating expenses
Ordinary profit
Special gains
Gain on step acquisitions
Total special gains
Special losses
Environmental expenses
Loss on impairment of fixed assets
Loss on valuation of investment securities
Total special losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net profit
Profit attributable to non-controlling interests
Profit attributable to owners of parent

Attacched doucment3Year ended(March 31,2019)
500,451
403,194
97,257
67,20530,052(Millions of yen)
Year ended(March 31,2020)
465,946
372,337
93,60969,002
24,607

81
289
680
804
666
2,354
4,874

85
302
268
760
403
1,596
3,414

1,301
575
758
1,208
3,842
31,084

1,211
466
592
2,277
4,546
23,475

1,371
1,371

－
－

－
957
386
1,343
31,112
7,342
1,764
9,106
22,006
1,446
20,56011,000－－11,00012,475
4,897(1,707)
3,190
9,285
1,809
7,476

Consolidated Statements of Conprehensive IncomeNet profit
Other comprehensive income
Net unrealized gains (losses) on securities
Net unrealized gains (losses) on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Equity of other comprehensive income (losses) of affiliates
Total other comprehensive income (losses)
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Attacched doucment
4

Year ended(March 31,2019)
22,006(Millions of yen)
Year ended(March 31,2020)
9,285

(890)
135(413)
(766)
(397)
(2,331)
19,675
18,4091,266(1,088)(111)(1,281)(438)(232)(3,150)
6,135
4,513
1,622

3： Consolidated Statements of Cash Flows
Year ended(March 31,2019)(Millions of yen)
Year ended(March 31,2020)

Cash flows from operating activities
Profit before income taxes
Depreciation and amortization
Amortization of goodwill
Loss (gain) on step acquisitions
Loss on impairment of fixed assets
Loss (gain) on valuation of investment securities
Decrease in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for environmental measures
Interest and dividend income
Interest expenses
Equity in earnings of affiliates
Decrease (increase) in notes and accounts receivable - trade
Increase in inventories
Increase (decrease) in notes and accounts payable - trade
Other
SubtotalInterest and dividend income received
Interest paid
Settlement package paid
Income taxes paid
Net cash provided by operating activities

31,112
17,294222(1,371)
957
386
(625)
(1,110)－(370)
1,301
(680)
3,812
(4,186)(3,721)(1,131)
41,890658(1,345)(2,029)(4,530)34,644

12,475
18,694
444
56
－
－(69)
(242)
10,609
(387)
1,211
(268)
18,854
4,873(10,359)
750
56,641633(1,165)－(7,433)
48,676(22,262)251(1,373)1,201(28,269)
122(1,487)53(594)(22,777)(103)(29,684)(852)
20,145(19,926)(4,971)(691)(1,857)(2,918)
10,637(14,694)(5,586)(885)(1,382)(752)(8,904)(135)
2,828
30,51733,345(917)(15,745)
(296)
2,951
33,34536,296

Cash flows from investing activities
Payments for purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchase of intangible assets
Proceeds from purchase of shares of subsidiaries resulting inchange in scope of consolidation
Other
Net cash used in investing activities

Cash flows from financing activities
Net decrease in short-term borrowings
Proceeds from long-term debt
Repayments of long-term debt
Cash dividends paid
Dividends paid to non-controlling interests
Payments from changes in ownership interests in subsidiaries that
do not result in change in scope of consolidation
OtherNet cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year

Attacched doucment
5