Consolidated Financial Results
For the Fiscal Year Ended March 31, 2021
(Japanese GAAP)May 14, 2021
Company name:

Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing:First Section of Tokyo Stock Exchange

Code number:

5703

URL:

https://www.nikkeikinholdings.com/

Representative:

Ichiro OKAMOTO,

Contact:

Chizu ISHIKAWA,+81-03-6810-7162
Phone:
Scheduled date of Ordinary General Meeting ofShareholders:
Scheduled date of commencement of dividend
payment:
Scheduled date of filing securities report:

President & Chief Executive Officer
Public Relations and IR Director, Planning & Supervision
OfficeJune 25, 2021
June 28, 2021
June 25, 2021

Preparation of supplementary materials for financial results:

Yes

Holding of a briefing on financial results:

Yes (for institutional investors and analysts)(Amounts of less than one million yen are rounded off)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020－March 31, 2021)(1) Consolidated Operating Results(% figures show year-on-year change)
Profit attributable
Net sales
Operating profit
Ordinary profit
to owners of parent
Millions ofMillions ofMillions ofMillions ofFiscal year ended%%%%yenyenyenyen
March 31, 2021

432,568(7.2)

24,194(1.7)

24,0302.4

3,366(55.0)

March 31, 2020

465,946(6.9)

24,607(18.1)

23,475(24.5)

7,476(63.6)(Note) Comprehensive income:Fiscal year ended March 31, 2021:
Fiscal year ended March 31, 2020:¥9,777 million / 59.4%¥6,135 million / (68.8%)

Profit per share(basic)

Profit per share(diluted)

Return on
equity (ROE)

Ordinary profit
to total assets

Operating profit
to net sales

Fiscal year endedYenYen%%%March 31, 2021

54.37－

1.8

4.9

5.6

March 31, 2020

120.73

－

4.0

4.9

5.3

(Reference) Share of loss (profit) of entities accounted for using equity method:
Fiscal year ended March 31, 2021:¥623 million
Fiscal year ended March 31, 2020:¥268 million(Note) On October 1, 2020, the Company implemented a share consolidation in which ten shares of common stock
were consolidated into one share. As a result, profit per share is calculated on the assumption that thisshare consolidation was carried out at the start of the previous consolidated fiscal year.(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

Millions of yen

Equity ratio%Net assets per share
Yen

As of March 31, 2021

506,955

207,104

37.6

3,081.54

As of March 31, 2020

470,004

201,198

39.6

3,008.26(Reference) Shareholders’ equity:

As of March 31, 2021:¥190,712 million
As of March 31, 2020:¥186,275 million(Note) On October 1, 2020, the Company implemented a share consolidation in which ten shares of common
stock were consolidated into one share. As a result, net assets per share is calculated on the assumptionthat this share consolidation was carried out at the start of the previous consolidated fiscal year.
(3) Consolidated Cash Flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end ofyear

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2021

41,942(25,674)

8,194

61,176

March 31, 2020

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

36,296

2. Dividends
Annual dividends per share

Totaldividends(annual)Payoutratio

Ratio ofdividends tonet assets

End offirstquarterEnd ofsecondquarterEnd ofthirdquarter

Yearend

Total

Yen

Yen

YenYenYenMillions ofyen%%

Fiscal year ended
March 31, 2020

―

4.00

―

5.00

9.00

5,574

74.6

3.0

Fiscal year ended
March 31, 2021

―

0.00

―

65.00

65.00

4,024

119.6

2.1

(consolidated)(consolidated)

Fiscal year ending
March 31, 2022
―
40.00
―
45.00
85.00
29.2
(forecast)(Note) On October 1, 2020, the Company implemented a share consolidation in which ten shares of common stock
were consolidated into one share. As a result, the amount noted here for dividends per share in the fiscal
year ended in March 2021 takes into account the effect of this share consolidation. The dividends per
share in the fiscal year ended in March 2021 when the share consolidation is not taken into account would
be 6.50 yen.
3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022
(April 1, 2021－March 31, 2022)(% figures show year-on-year change)
Profit attributable
Profit perNet sales
Operating profit
Ordinary profit
to owners ofshareparentMillionsMillions
Millions
Millions%%%%Yenof yenof yenof yenof yen
Six months
ending230,000
15.9
12,00052.0
12,000
56.7
8,000
69.5
129.22September 30,2021
Fiscal year
ending March
470,000
8.7
27,00011.6
27,00012.4
18,000434.8
290.7431, 2021

*Notes(1) Change in significant subsidiaries during the period(changes in specified subsidiaries affecting the scope of consolidation): None
Newly added: ― (Company name: ― )Excluded: ― (Company name: ― )(2) Changes in accounting policies, changes in accounting estimates, and restatements(i) Changes in accounting policies due to revision of accounting standards:
None(ii) Changes in accounting policies other than item (i) above:None(iii) Changes in accounting estimates:None(iv) Restatement:
None(3) Number of shares outstanding (common stock)(i) Number of shares outstanding at end of period (including treasury stock)
As of March 31, 2021
61,993,750 shares
As of March 31, 2020
61,993,750 shares(ii) Number of treasury stock at end of period
As of March 31, 2021
105,121 shares
As of March 31, 2020
72,576 shares(iii) Average number of shares outstanding during the term
Fiscal year ended March 31, 2021
61,910,894 sharesFiscal year ended March 31, 2020
61,921,443 shares(Note) On October 1, 2020, the Company implemented a share consolidation in which ten shares of common stock
were consolidated into one share. As a result, number of shares outstanding (common stock) is calculatedon the assumption that this share consolidation was carried out at the start of the previous consolidated
fiscal year.
* The consolidated financial results are not subject to auditing by a certified public accountant or an audit firm.
* Explanations concerning the appropriate use of financial forecasts and other special notes(Note of caution concerning forward-looking statements)• 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 materiallyfrom the forecast depending on a range of factors.

【Attached documents】 Consolidated Financial Statements and Important Notes
1： Consolidated Balance Sheets(Millions of yen)
As of March 31, As of March 31,
2020
2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable – trade
Electronically recorded monetary claims – operating
Merchandise and finished goods
Work in process
Raw material and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, netTools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction 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 non-current assets
Total assets

Attacched document136,349105,458
27,57528,513
19,30918,788
10,767(385)
246,374

61,229105,003
28,77027,394
18,424
19,776
10,570(385)270,781

152,507(96,993)
55,514
299,705(250,601)
49,10436,388(30,730)
5,658
54,587
8,894
173,757

159,141(100,022)
59,119305,565(256,058)
49,50737,786(31,552)
6,234
54,6909,555
179,105

1,555
4,312
5,867

1,111
5,962
7,073

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

30,241
11,8988,402(545)
49,996236,174
506,955

(Millions of yen)
As of March 31, As of March 31,
2020
2021

Liabilities

Current liabilities
Notes and accounts payable – trade
Short-term borrowingsCurrent portion of long-term borrowings
Income taxes payable
Other current liabilities
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Provision for environmental measures
Other non-current liabilities
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefits plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

Attacched document
2

63,82652,602
10,0682,654
33,191
162,341

65,81555,0207,648
3,327
34,306
166,116653
69,29920,115
10,6095,789
106,465
268,806

664
82,897
19,92924,634
5,611
133,735
299,851

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

46,52518,992
119,377(131)
184,763

2,230(120)
145
1,084
(1,611)
1,728
14,923201,198
470,004

3,642
24
145
2,665(527)
5,949
16,392
207,104
506,955

2： Consolidated Statements of Income andConsolidated Statements of Comprehensive Income
Consolidated Statements of Income(Millions of yen)

FY ended
FY ended
March 31, 2020 March 31, 2021
(Apr. 1, 2019 - (Apr. 1, 2020 Mar. 31, 2020) Mar. 31, 2021)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Rental income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on disposal of non-current assets
Rental expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Expense for environmental measures
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Attacched document
3465,946
372,337
93,60969,002
24,607432,568
342,499
90,06965,87524,194

85302
268
760
1,999
3,414

84
309
623
700
2,200
3,916

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

1,033
581
657
1,809
4,080
24,03011,00011,00012,475
4,897(1,707)
3,190
9,285
1,809
7,476

16,20016,2007,830
6,691(3,958)
2,733
5,097
1,731
3,366

Consolidated Statements of Comprehensive Income

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive incomeof entities accounted for using equity method
Total other comprehensive income (losses)
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Attacched document
4(Millions of yen)
FY ended
FY ended
March 31, 2020 March 31, 2021
(Apr. 1, 2019 - (Apr. 1, 2020 Mar. 31, 2020) Mar. 31, 2021)
9,285

5,097

(1,088)(111)(1,281)
(438)

1,429
144
1,817
1,155

(232)

135

(3,150)
6,135
4,513
1,622

4,680
9,777
7,587
2,190

3： Consolidated Statements of Cash Flows

Cash flows from operating activities(Millions of yen)
FY ended
FY ended
March 31, 2020 March 31, 2021
(Apr. 1, 2019 - (Apr. 1, 2020 Mar. 31, 2020) Mar. 31, 2021)

Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for environmental measures
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using equity method
Loss on retirement of non-current assetsDecrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
OtherSubtotal
Interest and dividends received
Interest paid
Income taxes paid

12,475
18,694
444
(69)
(242)
10,609
(387)
1,211
(268)
484
18,854
4,873(10,359)322
56,641633(1,165)(7,433)
48,676

7,830
19,157444
277
388
14,025
(393)
1,033
(623)
554
(290)
1,706
673
2,309
47,090675(1,059)(4,764)41,942

Purchase of property, plant and equipment
Purchase of intangible assets
Other(28,269)(1,487)
72(29,684)(24,246)(2,438)1,010(25,674)

Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
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
Other(2,918)
10,637(14,694)(5,586)(885)(1,382)2,014
21,605(10,503)(3,122)
(703)
(13)

(917)
(15,745)
(296)
2,951
33,34536,296(1,084)
8,194
418
24,88036,296
61,176

Net cash provided by operating activities
Cash flows from investing activities

Net cash used in investing activities
Cash flows from financing activities

Net cash provided by (used in) financing activities

Effect of exchange rate change 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 document5