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Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 9, 2024
Company name: NIHON TOKUSHU TORYO CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 4619
URL: https://www.nttoryo.co.jp
Representative: Hiroshi Onda, President, COO
Contact: Yosuke Rikitake, CFO & Managing Executive Officer
Phone: +81-3-3913-6134
Scheduled date of filing quarterly securities report:
February 13, 2024
Scheduled date of commencing dividend payments:–Availability of supplementary explanatory materials on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 - December
31, 2023)(1) Consolidated Operating Results (cumulative)(% 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%
48,977
9.7
2,883
222.2
4,387
112.2
3,014
238.5
December 31, 2023
44,639
11.9
894
18.3
2,067
39.0
890
64.6
December 31, 2022
(Note) Comprehensive income Nine months ended December 31, 2023: ¥7,055 million [80.9%]
Nine months ended December 31, 2022: ¥3,899 million [62.4%]
Basic earnings
Diluted earningsper shareper share
Nine months ended
Yen
Yen
138.63
December 31, 2023–
40.98
December 31, 2022–
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

Million yen%

88,621
57,656
As of December 31, 2023
82,033As of March 31, 2023
52,211(Reference) Equity As of December 31, 2023: ¥51,513 million
As of March 31, 2023: ¥46,193 million

58.1
56.3

-1-2. Dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

YenYenYen

Year-end

Fiscal year ended–20.00–
March 31, 2023
Fiscal year ending
–
21.00
–
March 31, 2024
Fiscal year ending
March 31, 2024
(forecast)(Note) Revision to the forecast for dividends announced most recently: Yes

TotalYenYen

22.00

42.00

25.00

46.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parentper share
Million yen% Million yen% Million yen%Million yen

Full year
64,6006.4
3,500 114.5
5,400
71.9(Note) Revision to the financial results forecast announced most recently: Yes

3,450%

Yen

64.0

158.67* Notes:(1) Changes in significant subsidiaries during the period under review: No(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: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued and outstanding shares (common shares)
1) Total number of issued and outstanding shares at the end of the period (including treasury shares):December 31, 2023:
23,611,200 shares
March 31, 2023:
23,611,200 shares2) Total number of treasury shares at the end of the period:
December 31, 2023:
1,865,337 shares
March 31, 2023:
1,873,135 shares
3) Average number of shares during the period (cumulative from the beginning of the fiscal year):Nine months ended December 31, 2023:
21,742,011 shares
Nine months ended December 31, 2022:
21,729,511 shares-2-Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Income taxes refund receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-3-

As of December 31, 2023

10,87014,85015,131

14,907

3,362
1,670
888
1,583
37
2,470
(2)
36,013

4,228
1,741
1,336
1,508
2
558
(2)
39,130

10,234
7,732
4,679
466
1,187
24,29910,033
7,106
4,679
203
1,090
23,113

1,247
1,247

1,302
1,302

18,423
156
88
1,863
(57)
20,47346,02082,03322,545
146
101
2,339
(57)
25,07549,491
88,621

(Million yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Lease liabilities
Income taxes payable
Provision for bonuses for directors (and other officers)
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Retirement benefit liability
Deferred tax liabilities
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
Foreign currency translation adjustmentRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-4-

As of December 31, 2023

9,882
3,921
5,314
7
469
75
3,924
23,595

11,011
4,015
4,924
11
756
–
3,818
24,537

2,045
17
3,213
842
107
6,226
29,822

1,299
21
3,265
1,721
118
6,426
30,9644,753
4,207
31,734(1,102)
39,592

4,753
4,212
33,809(1,099)41,675

4,273
2,180
147
6,601
6,017
52,211
82,033

5,873
3,829
134
9,8376,143
57,656
88,621

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(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
methodSubsidies for employment adjustment
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Insurance claim income
Gain on sale of investment securities
Compensation income
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
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, 2022
44,63936,648
7,990
7,095
894

For the nine months
ended December 31, 2023
48,97738,646
10,331
7,447
2,883

198

189741

1,055

22
85
207
1,256–
128
200
1,574

4636
83
2,067

34
36
70
4,38768–
1540
124

1123–
–
3488
88
2,103
656
1,446
555
890

16
16
4,405
1,016
3,389
375
3,014-5-Quarterly Consolidated Statements of Comprehensive Income(Million yen)

ProfitOther 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 for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parentComprehensive income attributable to non-controllinginterests

For the nine months
ended December 31, 2022
1,446

For the nine months
ended December 31, 2023
3,389(715)
1,172
(21)

1,594
858
(13)

2,016

1,225

2,452
3,899

3,665
7,055

2,772

6,250

1,127

804

-6-