Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Nine Months Ended December 31, 2022
[Japanese GAAP]
February 3, 2023
Company name: Nippon Yakin Kogyo Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 5480
URL: https://www.nyk.co.jp
Representative: Hisashi Kubota, Representative Director and President
Contact: Takahiro Araki, General Manager, Accounting Department
Phone: +81-3-3273-3613
Scheduled date of filing quarterly securities report: February 14, 2023
Scheduled date of commencing dividend payments: –Availability of supplementary explanatory materials on quarterly financial results: None
Schedule of quarterly financial results briefing session: None
(Amounts are rounded to the nearest million yen.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 1, 2022 - December
31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Nine months ended
Million yen%
Million yen%
Million yen%
Million yen%
December 31, 2022
150,01645.1
23,094 103.2
22,023 105.7
15,54965.9
December 31, 2021
103,42124.7
11,365 158.3
10,707 181.8
9,370 284.7(Note) Comprehensive income: Nine months ended December 31, 2022: ¥15,632 million [67.4%]
Nine months ended December 31, 2021: ¥9,339 million [199.7%]
Basic earnings
Diluted earnings
per shareper share
Nine months ended
Yen
Yen
–
December 31, 2022
1,038.95–
December 31, 2021
620.71(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

Million yen%

219,114
As of December 31, 2022
75,254
187,494
As of March 31, 2022
62,169(Reference) Equity: As of December 31, 2022: ¥75,249 million
As of March 31, 2022: ¥62,165 million

34.3
33.2

1

2. Dividends
Annual dividends
1st quarter-end

2nd quarter-end

3rd quarter-end

YenYenYen

Year-end

Fiscal year ended–40.00–March 31, 2022
Fiscal year ending–70.00–March 31, 2023
Fiscal year ending
March 31, 2023
(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoneTotalYen

Yen

80.00

120.00130.00200.003. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 - March31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparent%Million yen%

Yen

Full year
198,000 33.0
27,000 93.325,000 95.2(Note) Revision to the financial results forecast announced most recently: None

Million yen%

Million yen%

17,000100.7

1,136.022

Million yen* Notes:(1) Changes in significant subsidiaries during the period under review: None
(Changes in specified subsidiaries resulting in changes in scope of consolidation)
Newly included: ― (Company name: ―), Excluded: ― (Company name: ―)(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2022:
15,497,333 shares
March 31, 2022:
15,497,333 shares2) Total number of treasury shares at the end of the period:
December 31, 2022:
545,053 shares
March 31, 2022:
412,899 shares
3) Average number of shares outstanding during the period:
Nine months ended December 31, 2022:
14,966,258 shares
Nine months ended December 31, 2021:
15,096,087 shares* These quarterly consolidated financial results are outside the scope of quarterly audit by certified public
accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes(Cautionary note on forward-looking statements, etc.)
Forward-looking statements and other statements about the future in this document are based on information
currently available to the Company and certain assumptions deemed reasonable, and the Company does notguarantee the achievement of the projections. Actual performance and other results may differ significantly due
to various factors.

3(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets

4

As of December 31, 2022

12,64626,996
10,24423,232
16,1732,701(219)
91,773

11,73530,76817,221
36,163
17,452
3,486(197)
116,629

14,88932,55236,404
4,449
88,2952,308

14,81535,68736,430
7,890
94,822
2,771

4,096
969
(15)
5,051
95,654

4,077
773
(15)
4,835
102,42867
67
187,494

56
56
219,114

(Million yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Notes payable - facilities
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for loss on business liquidation
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Provision for environmental measures
Provision for preventing environmental pollution
Provision for loss on business liquidation
Other
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
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5As of December 31, 2022

23,9172,847
34,367
5,152
2,003
1,522
1
5,602
75,413

26,310976
43,089
6,728
5,741
677
1
8,473
91,996

13,00021,902
10,478
66
5
21
4,439
49,911
125,324

13,00021,67010,6704
5
21
6,494
51,865
143,860

24,301
9,542
26,093(950)
58,98524,301
9,542
39,387(1,243)
71,987

1,387
27
1,580
186
3,179
5
62,169187,494

1,335
(6)
1,580
353
3,262
5
75,254
219,114(2) Quarterly Consolidated Statements of Operations and Comprehensive Income
Quarterly Consolidated Statements of Operations
Nine Months Ended December 31(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Share of profit of entities accounted for using equity
methodRental income from non-current assets
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on liquidation of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on sale of businesses
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the nine months ended
December 31, 2021
103,42183,49019,931
8,566
11,365For the nine months ended
December 31, 2022
150,016
117,818
32,198
9,104
23,094

101

113

21

66

65
52
87
325

78
–
58
315

365
–
618
983
10,707

468
375
544
1,386
22,023

6–
626

134
134
10,579
1,209
9,370
0
9,370

6

5
31
–

–
22,0546,504
15,549015,549

Quarterly Consolidated Statements of Comprehensive Income
Nine Months Ended December 31(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the nine months endedDecember 31, 2021
9,370

For the nine months ended
December 31, 2022
15,549

28
(4)
(55)

(52)
(32)
167

(0)

(0)

(31)
9,339

83
15,632

9,339

15,632

007