Consolidated Financial Results
For the Third Quarter of the Year Ending March 31, 2021
(Japan GAAP)
February 10, 2021
Company name:

Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing:First Section of Tokyo

Code number:

5703

URL:

https://www.nikkeikinholdings.com/

Representative:

Ichiro OKAMOTO,

President & Chief Executive Officer

Scheduled date of filing securities report:
Scheduled date of commencement of dividend
payment:

February 15, 2021
－Preparation of supplementary materials for financial results:

None

Holding of a briefing on financial results:

None(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2020

(April 1, 2020－December 31, 2020)(1) Consolidated Results of Operations (Accumulated Total)(% : changes from the same period of the previous fiscal year)
Profit attributable
Net sales
Operating profit
Ordinary profit
to owners of parent
Millions
Millions
Millions
Millions
Nine months ended%%%%of yenof yenof yenof yen
December 31, 2020

313,002

December 31, 2019349,651(Note) Comprehensive income:Nine months ended(10.5)

15,559(13.8)

15,093(15.6)

9,440(19.2)(7.6)

18,040(22.4)

17,874(24.6)

11,690(26.9)¥12,049 million / (4.1%)¥12,563 million / (16.4%)

Profit per share(basic)

Yen

for the Nine months ended December 31, 2020
for the Nine months ended December 31, 2019
Profit per share(diluted)

Yen

December 31, 2020

152.46－

December 31, 2019188.79－(Note) Because the Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stockon October 1, 2020, profit per share is calculated on the assumption that this share consolidation was conducted at
the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets
Nine months ended
December 31, 2020
Year ended
March 31, 2020
(Reference) Shareholder’s equity:

Net assets

Equity ratio

Millions of yen

Millions of yen%

495,023

209,39939.2

470,004

201,198

39.6¥194,130 million¥186,275 million

as of the Nine months ended December 31,2020
as of the year ended March 31,2020

2. Dividends
Annual dividend per share

Year ended
March 31, 2020
Year ending
March 31, 2021
Year ending
March 31, 2021(forecasts)

End of firstquarter
Yen

End of secondquarter
Yen

End of thirdquarter
Yen

―

4.00

――

0.00

―

Year-end

Total

Yen

Yen

5.00

9.00

65.00

65.00

(Note) Revisions to dividend forecasts published most recently: NoneBecause the Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stock on
October 1, 2020, forecasts of dividend per share for the fiscal year ending March 31, 2021 indicate amounts that takethe effect of this share consolidation into consideration. For details, please refer to “Explanations concerning theappropriate use of business performance forecasts and other special notes.”
3. Forecast of Consolidated Financial Results for the Year Ending March 31, 2021

Net salesYear ending
March 31, 2021

Millionsof yen%415,000(10.9)(April 1, 2020－March 31, 2021)(% : changes from the same period of the previous fiscal year)
ProfitProfit per
Operating profit
Ordinary profit
attributable toshareowners of parent
Millions
Millions
Millions%%%
Yenof yenof yenof yen
18,000(26.9)

17,000(27.6)

10,00033.8

161.51(Note) Revisions to financial forecasts published most recently: None
The profit per share in the forecasts of consolidated financial results for the year ending March 31, 2021 takes theeffect of the share consolidation into consideration. For details, please refer to “Explanations concerning theappropriate use of business performance forecasts and other special notes.”*Notes(1) Change in significant subsidiaries during the period(changes in specified subsidiaries affecting the scope of consolidation):
Newly added: ― (Company name: ― )Excluded : ― (Company name : ― )None(2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statements: None(3) 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 (i) above :(iii) Changes in accounting estimates:None(iv) Restatement:
None(4) Number of shares outstanding (common stock)(i) Number of shares outstanding at end of period (including treasury stock)
As of the Nine months ended December 31,2020 61,993,750 shares
As of March 31, 2020
61,993,750 shares(ii) Number of treasury stock at end of periodNoneAs of the Nine months ended December 31,2020 94,066shares
As of the March 31, 2020
72,576 shares(iii) Average number of shares outstanding during the term
For the Nine months ended December 31, 2020
61,916,316 shares
For the Nine months ended December 31, 201961,921,513 shares(Note) Because the Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stockon October 1, 2020, the number of shares outstanding (common stock) is calculated on the assumption that thisshare consolidation was conducted at the beginning of the previous fiscal year.
* Status of a quarterly review- The current quarterly financial report is not subject to quarterly review by certified public accountants orauditing firms.
* Explanations concerning the appropriate use of financial forecasts and other special notes(Note of caution concerning forward-looking statements)(1)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, andthe Company makes no representations as to their achievability. Actual results may differ materially from theforecast depending on a range of factors.
(2)The Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stock on October 1,
2020. Dividend forecast and forecast of consolidated financial results for the year ending March 31, 2021 that do
not take this share consolidation into consideration would be as follows.
1. Dividend forecast for the year ending March 31, 2021
Year-end dividend per share: 6.50 yen
2. Forecast of consolidated financial results for the year ending March 31, 2021
Net profit per share for the full year: 16.15 yen

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

AssetsCurrent assets

Cash and deposits
Notes and accounts receivable – trade
Merchandise and finished goods
Work-in-process
Raw material and supplies
Other current assets
Allowance for doubtful accounts

36,349133,033
28,513
19,30918,788
10,767(385)

Total current assets
Non-current assets
Property, plant and equipment

Buildings and structures,net
Machinery and equipment,net
Tools, furniture and fixtures,net
Land
Construction in progress

Total property, plant and equipment
Intangible assets

Nine months
ended(December 31,2020)

60,811
130,399
26,832
19,90819,596
12,766(397)

246,374

269,915

55,514
49,104
5,658
54,587
8,894

57,45349,445
6,408
54,641
7,177

173,757

175,124

1,555
4,312

1,222
5,320

Goodwill
Other intangible assets
Total intangible assets

5,867

6,542

Other assets
Allowance for doubtful accounts

44,273(267)

43,691(249)

Investments and other assets

Total investments and other assets
Total fixed assets
Total assets

44,006
223,630
470,004

43,442
225,108
495,023(Millions of yen)

Liabilities
Current liabilities

Notes and accounts payable – trade
Short-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

1Year ended(March 31, 2020)

Nine months
ended(December 31,2020)

63,826
62,6702,654
33,191

67,95364,177
2,085
31,575

162,341

165,790653
69,29920,115
10,6095,789

621
83,705
20,5299,245
5,734

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
2： Quarterly Consolidated Statements of Income andQuarterly Consolidated Statements of Comprehensive Income

106,465
268,806

119,834
285,624

46,52518,983
119,108(69)

46,52518,992
125,451(107)

184,547

190,861

2,230
(120)
145
1,084
(1,611)

3,143
32
145
1,389
(1,440)1,728

14,923201,198
470,004

Quarterly Consolidated Statements of Income

3,269

15,269209,399
495,023(Millions of yen)
Nine months
ended(December 31,2019)

Nine months
ended(December 31,2020)

Net sales

349,651

313,002

Gross profit

70,01264,319

Cost of sales

279,639

Selling, general and administrative expenses

51,972

248,683
48,760Operating profit
Non-operating income

18,04015,559Total non-operating profit
Non-operating expenses

2,782

2,782

2,893

2,893

Total non-operating income
Ordinary profit
Profit before income taxes and minority interests

914
2,034

2,948
17,874
17,874

802
2,557

3,359
15,09315,093

Total income taxes
Profit4,854
13,020

4,702
10,391

Profit attributable to owners of parent

11,690

9,440

Other

Interest expenses
Other

Income taxes - current
Income taxes - deferred

3,693
1,161

Profit attributable to non-controlling interests

1,330

2

3,526
1,176

951

Quarterly Consolidated Statements of Conprehensive Income(Millions of yen)
Nine monthsended(December 31,2019)

Nine months
ended(December 31,2020)

13,020

10,391

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans429
17(606)
97951
152
541
186

Share of other comprehensive income of entities accounted forusing equity method

(394)

(172)

(457)
12,563

1,658
12,049ProfitOther comprehensive income

Total other comprehensive income (losses)
Comprehensive income

Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

3

11,366
1,197

10,981
1,068