Consolidated Financial Results for the Three Months of Fiscal Year Ending March 31, 2024
<under Japanese GAAP>
August 9, 2023
Company name : NIKKO COMPANY
ID number: 5343 Stock listing : Nagoya Stock Exchange Main MarketURL: https://www.nikko-company.co.jp/
Representative : Akiko Mitani, Chief Executive Officer
Contact: Kazuya Nunokawa, Chief Financial Officer (Phone: +81-76-276-2121)
Scheduled date to submit Securities Report: August 10, 2023
Scheduled date to begin dividend payments: Preparation of supplementary materials for financial results : None
Holding of financial results meeting: None
(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 - June 30, 2023)(1) Consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Operating income％ Millions of yen％
Millions of yen
Three months ended
3,298
4.0(269)
June 30, 2023
Three months ended
3,171
12.6
(53)
June 30, 2022
Note: Comprehensive income (Millions of yen) :June 30, 2023 : (246) (-%)
Net income
per shareYen(11.12)-Three months ended
June. 30, 2022

(1.08)-％

Millions of yen(243)-(259)

-(11)

-(25)

-

June 30, 2022 : (21) (-%)

Net assets

Millions of yen
9,112

As of June 30, 2023
Year ended Mar.
9,246
31, 2023
Reference: Shareholders' equity (Millions of yen) :％Millions of yen

Diluted net income
per share
Yen

Three months ended
June. 30, 2023

(2) Consolidated financial position
Total assets

Profit (loss) attributableto owners of parent

Ordinary income

Equity ratio

Millions of yen
305552June 30, 2023: 305

Net assets per share%
3.4

Yen
13.11

6.0

23.70

Mar. 31, 2023: 552

2. Dividends(Record date)

Dividend per share
1Q-end2Q-endYen

Year ended Mar.
31, 2023
Year ending Mar.
31, 2024
Year ending Mar.
31, 2024(forecast)-

3Q-endYen

Year-end
Yen

Annual
Yen

Yen

0.00

-

0.00

0.00

0.00

-

0.00

0.00

-1

NIKKO COMPANY

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March 31, 2024)
The NIKKO Group will no longer disclose its projected consolidated results for periods starting from that ending in March 2019.
Details of the decision are described in "3. Projected Consolidated Results for FY2023" in the "Consolidated Financial Results for theFiscal Year Ended March 31, 2023" disclosed on May 12, 2023.
※Notes(1) Changes in major subsidiaries during the period : None
(2) Application of special accounting methods for quarterly consolidated financial statements : None
(3) Changes in accounting policies, changes in accounting estimates, or restatement
1) Changes in accounting policies due to changes in consolidated accounting methods :2) Changes other than 1) above: None
3) Changes in accounting estimates : None
4) Restatement: NoneNone(4) Number of shares outstanding (common shares)
1) Number of shares outstanding (including treasury stock) at the end of the period
June 30, 2023 :24,172,000 sharesMar. 31, 2023 :24,172,000 shares
2) Number of treasury stock at the end of the period
June 30, 2023 :
864,739 sharesMar. 31, 2023 :864,680 shares
3) Average number of shares issued during the period (cumulative; consolidated)
Three months ended June 30, 2023: 23,307,294 shares
Three months ended June 30, 2022: 23,307,408 shares* Quarterly financial statements are not subject to a quarterly review by certified public accountants or an auditing company.
*Appropriate use of business forecasts, other special items
Please refer to the first quarter report of the 99th Fiscal Period to be submitted on August 10, 2023 for the outlook of business results
and financial condition.
This report is based on EDINET (Electronic Disclosure System on Disclosure Documents of Securities Reports etc. under theFinancial Instruments and Exchange Act) Please refter to (http://disclosure.edinet-fsa.go.jp/)

2

NIKKO COMPANY

Consolidated quarterly Financial Statements(1) Consolidated Balance Sheet
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods
Work in process
Costs on uncompleted construction contracts
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, netTools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds payable
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax ｌiabilities
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

3

FY03/2023(As of Mar.31,2023)(Millions of yen)
FY03/2024(As of June.30,2023)

1,086
2,339
1,412
601
343
506
68
(5)
6,354

1,270
1,903
1,527
584
414
507
47
(5)
6,248

7,043
(5,784)1,259
4,359(4,068)291
1,211(1,117)93702
215(105)
110
172
2,628
48

7,051
(5,819)1,232
4,353(4,075)277
1,225(1,132)
93
702
215
(117)
97
206
2,610
46

113
104(3)
214
2,892
9,246

106
103(3)
205
2,863
9,112

2,992
2,050
40
95
56
37
213
56
1,254
6,795

2,942
2,050
40
95
52
17
132
56
1,571
6,957

60
294
64
3
78
1,284
113
1,898
8,694

60
266
56
3
75
1,275
112
1,849
8,806

3,470
1,584
(4,087)
(338)
628

3,470
1,584
(4,347)
(338)
369

0(87)
10(76)
552
9,246

0(72)
8(63)
305
9,112

NIKKO COMPANY(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive income
Consolidated quarterly statements of income
FY03/2023(Apr.1, 2022-June 30,2022)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary loss
Extraordinary Income
Gain on sales of noncurrent assets
Total extraordinary Income
Extraordinary loss
Loss on retirement of noncurrent assets
Loss on valuation of investment securities
Total extraordinary losses
Loss before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent(Millions of yen)
FY03/2024(Apr.1, 2023-June 30,2023)

3,171
2,231
940
993
(53)

3,298
2,447
850
1,119(269)

01
40
8
51

0
2
20
13
36

5
49(11)

5510(243)

――

1
18―
8(19)
5(0)
5(25)
(25)

01212(253)5(0)
5(259)(259)

FY03/2023(Apr.1, 2022-June 30,2022)(Millions of yen)
FY03/2024(Apr.1, 2023-June 30,2023)

Consolidated quarterly statements of comprehensive income

Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted forusing equity method
Other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

4(25)

(259)

03(3)

012(1)

4

13(21)

12(246)(21)―(246)―NIKKO COMPANY[Consolidated Segment Information]
Three Months ended June 30, 2022 (April 1, 2022 – June 30, 2022)
Functional
Ceramics
Product

Tabletop

678

333

467

0

1,480

-

1,480-

-

1,690

-

1,690

-

1,690

678

333

2,158

0

3,171

-

3,171

-

0-

-

0-

0

Sales to Outside Customers

678

333

2,158

0

3,171

-

3,171

Intersegment sales or Transfers------

-

678

333

2,158

0

3,171-

3,171

78

(26)

91(4)139(193)(53)

Net sales
Goods and services
transferred at a point intime
Goods and services
transferred over time
(Note 4)
Revenue from contracts
with customers
Other revenue(Note 5)

TotalSegment profit (loss)(Operating income (loss))

Housing &Other Segment
Environmental (Note 1)
totalEquipment(Millions of yen, rounded down)Amounts on the
consolidated
Adjustment
financial(Note 2)statements(Note 3)

Note: 1. The category "Other" is new business which is a business segment not included in the reportable segments.
Note: 2. Segment income adjustment of 193 million yen consists of expenses related to departments that do not belong to
the reportable segments.
Note: 3. Segment profits and losses are adjusted with operating loss on the consolidated quarterly statements of income.
Note: 4. Goods and services transferred over time in the Housing Environment Equipment Business include goods and services thatwere applied alternative treatments and were then recognized as revenue when performance obligations were fully satisfied.
Note: 5. Other revenue is income based on accounting standards for leasing transactions.

Three Months ended June 30, 2023 (April 1, 2023 – June 30, 2023)

Net sales
Goods and services
transferred at a point intime
Goods and services
transferred over time
(Note 4)
Revenue from contracts
with customers
Other revenue(Note 5)
Sales to Outside Customers
Intersegment sales or Transfers
Total
Segment profit (loss)(Operating income (loss))

Housing &Other Segment
Environmental(Note 1)total
Equipment(Millions of yen, rounded down)Amounts on the
consolidated
Adjustment
financial(Note 2)statements(Note 3)Functional
Ceramics
ProductTabletop

579

417

435

0

1,433-

1,433--

1,865-

1,865-

1,865579

417

2,301

0

3,298-

3,298-

0--0-

0579

417

2,301

0

3,298-

3,298-------

579

417

2,30103,298-

3,298(11)

(18)

(30)

(1)

(61)

(207)

(269)

Note: 1. The category "Other" is new business which is a business segment not included in the reportable segments.
Note: 2. Segment loss adjustment of 207 million yen consists of expenses related to departments that do not belong to
the reportable segments.

5NIKKO COMPANY

Note: 3. Segment profits and losses are adjusted with Operating loss on the consolidated quarterly statements of income.
Note: 4. Goods and services transferred over time in the Housing Environment Equipment Business include goods and services thatwere applied alternative treatments and were then recognized as revenue when performance obligations were fully satisfied.
Note: 5. Other revenue is income based on accounting standards for leasing transactions.

6