NIPPON THOMPSON CO., LTD.
C or por at e H ead quar t er s : To kyo
Listed Code: 6480
L i s t e d S t o c k E x c h a n g e : To k y o(URL: https://www.ikont.co.jp/eg/)

May 13, 2024

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
<Japanese GAAP>
Representative: Shigeki Miyachi, President and Representative Director
For further information contact: Takanori Kojima, General Manager of Accounting Department
Telephone: +81-3-3448-5824
Scheduled Date of Ordinary General Meeting of Shareholders:
Scheduled Date to Submit Annual Securities Report:
Scheduled Date to Begin Dividend Payments:
Preparation of Supplementary Explanation Material for Financial Results:
Holding of Presentation Meeting for Financial Results:

June 25, 2024
June 25, 2024
June 26, 2024
Yes
Yes (Targeted at institutional investors and analysts)

Figures have been rounded down to eliminate amounts less than one million yen.

1. Consolidated Operating Performance for the Fiscal Year Ended March 31, 2024
(From April 1, 2023 to March 31, 2024)(1) Results of Consolidated Operations
Years ended March 31, 2024 and 2023
Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange(Millions of yen)
Profitattributable Percentage
to ownerschangeof parent
2,674(64.2)
7,469
80.7

2024
55,048(19.4)
3,164(66.6)
4,525(56.8)
2023
68,260
9.6
9,459
60.4
10,47939.9
Notes: Comprehensive income
Fiscal year ended March 31, 2024: 7,436 million yen(15.1)%
Fiscal year ended March 31, 2023: 8,763 million yen
68.1%: Percentage change for net sales, operating profit, ordinary profit, and profit attributable to owners of parent indicate
percentage increase/decrease compared to the same period in the previous year.
Earnings
Diluted earnings per
Return on equity
per share
share
(%)
(Yen)
(Yen)
2024
37.82
37.71
3.6
2023
104.92104.57
11.0
Reference: Equity in earnings of affiliates
Fiscal year ended March 31, 2024:－ million yen
Fiscal year ended March 31, 2023:－ million yen
1

Ordinary profit tototal assets
(%)
3.9
9.5

Operating profit to
net sales
(%)
5.7
13.9

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

(2) Consolidated Financial Position
Years ended March 31, 2024 and 2023
Total assets

Net assets

Equity ratio
(%)

2024
119,187
76,164
63.8
2023
114,347
71,662
62.6
Reference: shareholders’ equity
Fiscal year ended March 31, 2024: 76,049 million yen
Fiscal year ended March 31, 2023: 71,541 million yen(3) Consolidated Cash Flows
Years ended March 31, 2024 and 2023
Operating
Investingactivities
activities
2024(2,488)(5,304)2023
6,398(2,702)Financing
activities
7,566(3,351)(Millions of yen)
Net assets
per share(Yen)
1,104.33
1,003.28(Millions of yen)
Cash and cash
equivalents
18,98018,593

2. Dividends
Dividends per share
Base date
2025(Forecast)
2024
2023

June 30
(Yen)
－
－
－

Base date

Total dividends(Full fiscal year)(Millions of yen)2025(Forecast)
2024
2023

1,358
1,378

September 30
(Yen)
9.50
9.50
9.00

December 31
(Yen)
－
－
－

Dividends payout
ratio(Consolidated)
(%)
42.3
50.2
18.1

Dividends on
net assets(Consolidated)
(%)
1.8
2.0

2

March 31
(Yen)
9.50
9.50
10.00

Full fiscal year
(Yen)
19.00
19.00
19.00

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2025
Six-month period ending September 30, 2024, and the fiscal year ending March 31, 2025
Percentage
Operating
Percentage
Net saleschangeprofitchangeYear ending March
58,000
5.4
4,300
35.9
31, 2025
Six-month period ending
27,000(5.2)
1,500(26.5)
September 30, 2024
Profitattributable toowners ofparentOrdinary
profit(Millions of yen)
Percentagechange

4,900

8.3

1,800

(40.1)

Earnings
per share(Yen)

PercentagechangeYear ending March
3,100
15.9
44.91
31, 2025
Six-month period ending
700(55.9)
10.15
September 30, 2024
Note: Percentage change for net sales, operating profit, ordinary profit, and profit attributable to owners of parent indicate
percentage increase/decrease compared to the same period in the previous year.

4. Others(1) Changes in the state of significant subsidiaries during the period (Changes regarding specific companies accompanying
changes in the scope of consolidation): None
(2) Changes in accounting principles and accounting estimates, and restatements
Changes in accounting principles arising from revision of accounting standards:
Changes other than those in above:
Changes in accounting estimates:
Restatements:

None
None
Yes
None

Note: For further details, please refer on page 17.
(3) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
Fiscal year ended March 31, 2024:
73,501,425 sharesFiscal year ended March 31, 2023:
73,501,425 shares
Number of treasury stock
Fiscal year ended March 31, 2024:
4,636,377 sharesFiscal year ended March 31, 2023:
2,193,912 shares
Average number of shares outstanding at period-end
Fiscal year ended March 31, 2024:
70,714,066 sharesFiscal year ended March 31, 2023:
71,195,717 shares
Note: The number of treasury stock as of the fiscal year-end includes Nippon Thompson shares held by the share-issuing trust
account for executives and by the employee stock ownership plan (ESOP) trust account (1,527,800 shares as of March
31, 2024 and 1,250,000 shares as of March 31, 2023). In the calculation of the average number of shares during the fiscal
year, Nippon Thompson shares held by the share-issuing trust account for executives and the ESOP trust account areincluded in excluded treasury stock (1,331,416 shares as of March 31, 2024 and 1,354,225 shares as of March 31, 2023).
3

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

Reference: Non-consolidated Operating Performance for the Fiscal Year Ended March 31, 2024
(From April 1, 2023 to March 31, 2024)(1) Results of Non-consolidated Operations
Years ended March 31, 2024 and 2023
Net sales

Percentagechange(Millions of yen)
OperatingprofitPercentagechangeOrdinary
profitPercentagechangeProfitPercentagechange2024
43,857(25.4)
1,839(79.5)
3,133(69.8)
2,040(72.2)
2023
58,797
12.0
8,970
84.0
10,361
54.2
7,327
696.0
Note: Percentage change for net sales, operating profit, ordinary profit, and profit indicate percentage increase/decrease
compared to the same period in the previous year.

2024
2023

Earnings
per share
(Yen)
28.85
102.92

Diluted earnings
per share
(Yen)
28.77
102.58(2) Non-consolidated Financial Position
Years ended March 31, 2024 and 2023

2024
2023

Total assets

Net assets

Equity ratio(%)

98,88896,26158,56957,633

59.1
59.7(Millions of yen)
Net assets
per share(Yen)
848.83806.54

Reference: shareholders’ equity
Fiscal year ended March 31, 2024: 58,455 million yen
Fiscal year ended March 31, 2023: 57,512 million yen

These consolidated financial report are not subject to audit.
Explanations or Other Items Pertaining to Appropriate use of Operating Performance Forecasts
Performance forecasts presented herein are based on information available to the Nippon Thompson Group (the “Group”)
as of the date of this document, May 13, 2024. Accordingly, for a wide variety of reasons, there remains the possibility that
actual performance results may differ from projections. For performance forecasts, please refer to “5. Operating Results andFinancial Position (4) Outlook” on page 7.

4

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

5. Operating Results and Financial Position(1) Analysis of Operating Results
In the consolidated fiscal year ended March 31, 2024, the economy appeared to gradually recover amid continued normalizationin the aftermath of the COVID-19 pandemic. On the other hand, the outlook remained unclear due mainly to the emergence of
new geopolitical risks and an expansion in the risk of economic downturn due to deceleration in the Chinese economy in addition
to the impact of ongoing financial tightening policies around the world.
Under these circumstances, the Group has taken various measures with the aim of achieving stable profit and growthfrom a medium- to long-term perspective as outlined in “IKO Medium-term Business Plan 2023~Deepening, Expanding,
Embracing Change~.” In addition, we disclose information based on the recommendations of the Task Force on Climate-Related
Financial Disclosures (TCFD) and focus on promoting sustainable management, such as proactively introducing renewableenergy to domestic and overseas bases.
From a sales perspective, the Group strove to ingrain the IKO brand in the market and cultivate demand by, forexample, holding a private show in Kumamoto and enhancing customer convenience through the renewal of a website specificallyfor the Mechatronics series.
In terms of product development, we worked to create new innovative products by having our technical anddevelopment departments engage in direct dialogue with customers as well as by strengthening our market-in development
approach, which strives to accurately identify market needs and issues. In particular, the Short Stud Type Cam Followers, which
are at most 34% shorter than conventional products, have garnered acclaim as a high value added product that contributes to thehigher productivity and compact designs sought by customers.
From a production standpoint, we reorganized domestic production departments for needle roller bearings and linear
motion rolling guides by function and strove to clarify these products’ roles while accelerating decision making, enhancing
production efficiency, optimizing supply systems, and maintaining and enhancing quality. In addition, at the production subsidiary
IKO THOMPSON VIETNAM CO., LTD., we acquired land use rights in the northern Vietnamese province of Quang Ninh as
a part of efforts to expand production capacity.
Turning to the Group’s operational results, in Japan, net sales declined as demand slowed for commercial application
products and electronics-related devices, such as semiconductor manufacturing equipment, practical equipment, and electricmachinery. In North America, net sales declined as demand slowed for electronics-related devices and general industrial
machinery, such as precision machinery and various types of medical equipment. In Europe, net sales increased due mainly to
yen depreciation effects and robust demand for general industrial machinery, such as various types of medical equipment, despite
stagnant demand for machine tools. In China, net sales decreased due to such effects as a stagnant real estate market and sluggish
domestic and overseas demand. Other regions, comprising mainly Singapore, Taiwan, and South Korea, also saw declines in net
sales.
As a result, consolidated net sales for the fiscal year under review totaled ¥55,048 million, down 19.4% year on year.
On the earnings front, due mainly to decrease in net sales and a decrease in production volume, operating profit came to ¥3,164
million, down 66.6% year on year, and ordinary profit came to ¥4,525 million, down 56.8% year on year. Profit attributable to5

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

owners of the parent amounted to ¥2,674 million, down 64.2% year on year.
In the consolidated fiscal year under review, net production of Needle Roller Bearings and Linear Motion Rolling
Guides was ¥50,231 million based on average sales price, down 23.8% year on year. And, net orders of Needle Roller Bearings,
Liner Motion Rolling Guides and Machine Components were down 27.5% to ¥44,908 million.
Because the Group manufactures and sells Needle Roller Bearings, Linear Motion Rolling Guides and Machine
Components on an integrated basis, disclosure of segment information has been omitted. Sales of Needle Roller Bearings andLinear Motion Rolling Guides totaled ¥48,469 million, 21.2% decrease compared with the corresponding period of the previous
fiscal year. Sales of Machine Components down 2.2% to ¥6,579 million.
Business Segment Information
March 31,2024
Millions of Component
Yenpercentages
Needle Roller Bearings,
Linear Motion Rolling Guides
Machine Components
Total net sales

March 31,
2023
Millions of Component
Yenpercentages

ChangeMillions ofyen

Percentagechange48,46988.0

61,53690.1△13,067

△21.2

6,579
55,048

12.0
100.0

6,723
68,260

9.9
100.0

△144
△13,212

△2.2
△19.4

(2) Summary of Financial Position
Total assets as of March 31, 2024, totaled ¥119,187 million, an increase of ¥4,839 million compared with the end of the previous
fiscal year. This mainly comprised increases in inventories of ¥3,620 million and tangible fixed assets of ¥1,472 million andinvestment securities of ¥2,713 million as well as decrease in notes and accounts receivable-trade of ¥3,837 million.
Total liabilities amounted to ¥43,022 million, an increase of ¥337 million compared with the end of the previous fiscal
year. This mainly comprised increases in short-term borrowings of ¥5,000 million and long-term borrowings of ¥5,715 million as
well as decrease in notes and accounts payable-trade of ¥7,005 million and income taxes payable of ¥2,451 million.
Total net assets amounted to ¥76,164 million, an increase of ¥4,501 million compared with the end of the previous
fiscal year. This mainly comprised an increases in valuation difference on available-for-sale securities of ¥1,891 million andforeign currency translation adjustments of ¥2,632 million.

(3) Summary of Cash Flows
Cash and cash equivalents at the end of the fiscal year under review totaled ¥18,980 million, an increase of ¥387 million comparedwith the end of the previous fiscal year.
Cash Flows from Operating Activities
Net cash used in operating activities was ¥2,488 million. The major inflows were profit before income taxes of ¥5,032 million,
depreciation and amortization of ¥3,325million and decrease in trade receivables of ¥4,255million, while the major outflows
were an increase inventories of ¥1,728 million, decrease in trade payables of ¥7,406 million and income taxes paid of ¥4,338
million.
6

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

Cash Flows from Investing Activities
Net cash used in investing activities totaled ¥5,304 million. The major outflows were purchase of property, plant and equipmentof ¥4, 305 million and purchase of intangible assets of ¥703 million.
Cash Flows from Financing Activities
Net cash provided by financing activities totaled ¥7,566 million. The major inflows were proceeds from short-term borrowingsof ¥5,000 million and proceeds from long-term borrowings of ¥10,100 million, while the major outflows were repayments oflong-term borrowings of ¥4,384 million, purchase of treasury shares of ¥1,595 million and dividends paid of ¥1,412 million.

The trend of cash flow indices is as follows:

Equity ratio (%)
Equity ratio on market value basis (%)
Debt repayment period (Years)
Interest coverage ratio (Times)

For the periods ended
March 31,
March 31,
2023
2022
62.6
59.6
36.2
35.9
3.5
2.2
63.9
86.8

March 31,
2024
63.8
37.1
－
－

March 31,
2021
58.7
46.5
5.0
49.3

Notes:
Equity ratio:

Total shareholders’ equity / total assets

Equity ratio on market value basis:

Aggregate market value of common stock / total assets

Debt repayment period:

Interest-bearing liabilities / cash flows from operating activities

Interest coverage ratio:
Cash flows from operating activities / interest payments
1. All indices based on consolidated financial figures.
2. Aggregate market value of common stock:Market price at the period-end x number of shares outstanding at the period-end (excluding treasury stock)
3. Cash flows from operating activities corresponds to the cash flow from operating activities in the consolidated statement of cash
flows. Interest-bearing liabilities include all liabilities reported on the consolidated balance sheet for which the Group is paying
interest. Interest payments correspond to the interest paid in the consolidated statement of cash flows.

(4) Outlook

Looking ahead, we expect the outlook to remain highly uncertain due in part to risks associated with soaring resource prices,
rising inflation, exchange rate volatility, and growing geopolitical uncertainty. In addition, although private capital
investment demand, including for electronics-related devices, is currently weak, we expect a gradual recovery against the
backdrop of rising demand for generative AI semiconductors as well as for automation and labor-saving measures that
address labor shortages.
In light of these economic conditions, the Group is forecasting consolidated net sales of ¥58,000 million,
operating profit of ¥4,300 million, ordinary profit of ¥4,900 million and profit attributable to owners of parent of ¥3,100
million for the year ending March 31, 2025.

(5) Fundamental Earnings Distribution Policy and Dividends for the Current and Next Fiscal Periods
7

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

With regard to the distribution of profits, Nippon Thompson Co., Ltd. (the “Company”) positions the return of profits toshareholders as one of its major management issues, having as its basic policy continuing stable dividends while taking
performance levels into overall consideration.
In addition, while giving heed to such factors as the future business environment, the Group intends to retain sufficientinternal reserves. Specifically in this regard, the Group works to strengthen its management base and improve earnings power tomaximize corporate value. Simultaneously, it reviews production systems that respond to rapid technological innovation andfluctuating demand and makes such investments as new product development.
In keeping with the basic policy and as a result of a general review of, for example, the level of performance over the
fiscal year and internal reserves, the Company plans a year-end dividend of ¥9.5 per share. Including the interim dividend of ¥9.5
per share, the planned full-year dividend payment ¥19.0 per share.
The Company is forecasting a dividend of ¥19.0 per share (including an interim dividend of ¥9.5 per share) for the
fiscal year ending March 31, 2025.

6. Basic Stance on Selection of Accounting Methods

The Group applies “Japanese GAAP” to facilitate the comparison of consolidated financial statements with different reporting
periods.
As for the adoption of “International Financial Reporting Standards (IFRS)”, the Group maintains a policy ofcontinuing to appropriately respond to the situation going forward.

8

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

7. Consolidated Financial Statements(1) Consolidated Balance Sheets
As of March 31, 2024 and 2023
Millions of yen
March 31,
March 31,
2023
2024

ASSETS
Current Assets:
Cash and deposits
Notes and accounts receivable-tradeFinished products
Work in process
Raw material
OthersLess: Allowance for doubtful accounts
Total current assets

19,773
13,435
20,262
12,101
9,439
2,484
(10)
77,486

18,84817,272
17,477
11,882
8,823
2,329
(10)
76,624

Non-Current Assets:
Tangible fixed assets:
Buildings and structures
Machinery and vehicles
Tools and fixtures
Land
Lease assets
Construction in progress
OthersTotal tangible fixed assets

7,081
10,804
754
2,850
392
751
1,291
23,926

6,743
9,849
735
2,873
418
453
1,378
22,453

Intangible fixed assets:
Investments and other assets:
Investment securities
Deferred tax assets
OthersLess: Allowance for doubtful accounts
Total investments and other assets
Total non-current assets

1,650

1,056

11,826
353
3,970
(26)
16,122
41,700

9,113
2,099
3,026
(26)
14,212
37,723TOTAL ASSETS

119,187

114,347

9NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

Millions of yen
March 31,
March 31,
2023
2024

LIABILITIESCurrent Liabilities:
Notes and accounts payable-trade
Short-term borrowings
Current portion of bonds
Current portion of long-term borrowings
Lease obligations
Accrued expenses
Income taxes payable
Allowance for directors’ and corporate auditors’ bonuses
OthersTotal current liabilities

4,590
5,000
5,000
5,054
399
2,981
361
65
1,932
25,383

11,595
－
－
3,786
364
3,174
2,813
92
2,511
24,337

Non-Current Liabilities:
Corporate bonds
Long-term borrowings
Lease obligations
Deferred tax liabilities
Net defined benefit liabilities
Provision for share-based remuneration for directors
OthersTotal non-current liabilities

5,000
11,166
1,091
47
32
179
122
17,63910,000
6,718
1,252
126
30
110
109
18,34843,022

42,685

Shareholders’ Equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity

9,533
12,88645,451(2,430)65,4409,533
12,88644,191(917)
65,693

Accumulated Other Comprehensive Income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares

5,007
(1)
5,394
208
10,609
114

3,115
(2)
2,761
(27)
5,847
121

TOTAL NET ASSETS

76,164

71,662TOTAL LIABILITIES AND NET ASSETS

119,187

114,347

TOTAL LIABILITIESNET ASSETS

10NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
Years ended March 31, 2024 and 2023
Millions of yen

March 31,2024
Net Sales
Cost of Sales

March 31,2023

Gross Profit
Selling, General and Administrative Expenses

55,04837,04518,002
14,83868,26043,782
24,47715,017

Operating Profit

3,164

9,459

57
287
857
25
295
1,522

31
284
468
11
363
1,159

122
11
26
161

99
11
28
139

4,525

10,479

507
507

31
31

－
－

21
21

5,032

10,489

1,648
709
2,358
2,674
－
2,674

3,762
(742)
3,020
7,469
－
7,469

Non-Operating Income:Interest income
Dividend income
Foreign exchange gains
Insurance income
Others
Non-Operating Expenses:
Interest expenses
Loss on retirement of fixed assets
OthersOrdinary Profit
Extraordinary income:Gain on sales of investment securities
Extraordinary Losses:
Impairment losses

Profit Before Income Taxes
Income Taxes:
Current
DeferredProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

11

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

Consolidated Statements of Comprehensive Income
Years ended March 31, 2024 and 2023
Millions of yen
March 31,
March 31,
2023
2024
ProfitOther Comprehensive Income:Net unrealized holding gains on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total Other Comprehensive Income
Comprehensive Income
Breakdown:Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

12

2,674

7,469

1,891
1
2,632
235
4,761
7,436

98
(2)
1,291
(92)
1,294
8,763

7,436
－

8,763
－

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

(3) Statement of Changes in Consolidated Shareholders’ Equity
For the fiscal year ended March 31, 2024
(Millions of yen)
Shareholders’ Equity
Common stock
As of April 1, 2023
Changes during the period
Cash dividends

Profit attributable to ownersof parent
Acquisition of treasury
stock
Disposal of treasury stock
Net changes in items otherthan shareholders’ capital
Total changes during the period
As of March 31, 2024

CapitalSurplusRetainedearnings

Total
shareholders’equityTreasury stock

9,533

12,88644,191(917)

65,693－－(1,414)－(1,414)

－

－

2,674

－

2,674

－

－

－

(1,595)(1,595)

－

－

0

82

82

－

－

－

－

－

－
9,533

－
12,886

1,259
45,451(1,513)(2,430)(253)
65,440

Accumulated other comprehensive income

Net unrealized
holding gains onavailable-forsale securities

Deferred gains
or losses onhedgesForeigncurrencytranslation
adjustments

Remeasurements of defined
benefit plans

Total
Accumulated
othercomprehensiv
e income

Subscription
rights to sharesTotal
net assets

3,115

(2)

2,761

(27)

5,847

121

71,662

Cash dividends

－

－

－

－

－

－

(1,414)

Profit attributable toowners of parent
Acquisition oftreasury stock
Disposal of treasurystock
Net changes in items
other thanshareholders’ capital
Total changes during theperiod

－

－

－

－

－

－

2,674

－

－

－

－

－

－

(1,595)

－

－

－

－

－

－

82

1,891

1

2,632

235

4,761

(6)

4,755

1,891

1

2,632

235

4,761

(6)

4,501

5,007

(1)

5,394

208

10,609114

76,164As of April 1, 2023
Changes during theperiodAs of March 31, 2024

13

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

For the fiscal year ended March 31, 2023
(Millions of yen)
Shareholders’ Equity
Common stock
As of April 1, 2022
Changes during the period
Cash dividends

Profit attributable to ownersof parent
Acquisition of treasury
stock
Disposal of treasury stock
Net changes in items otherthan shareholders’ capital
Total changes during the period
As of March 31, 2023

CapitalSurplusRetainedearnings

Total
shareholders’equityTreasury stock

9,533

12,88637,881(1,024)59,276－－(1,160)－(1,160)

－

－

7,469

－

7,469

－

－

－

(0)

(0)

－

－

1

106

108

－

－

－

－

－

－
9,533

－
12,886

6,310
44,191

106
(917)

6,416
65,693

Accumulated other comprehensive income

Net unrealized
holding gains onavailable-forsale securities

Deferred gains
or losses onhedgesForeigncurrencytranslation
adjustments

Remeasurements of defined
benefit plans

Total
Accumulated
othercomprehensiv
e income

3,017

－

1,470

65

4,552

144

63,974

Cash dividends

－

－

－

－

－

－

(1,160)

Profit attributable toowners of parent
Acquisition oftreasury stock
Disposal of treasurystock
Net changes in items
other thanshareholders’ capital
Total changes during theperiod

－

－

－

－

－

－

7,469

－

－

－

－

－

－

(0)

－

－

－

－

－

－

108

98

(2)

1,291

(92)

1,294

(23)

1,270

98

(2)

1,291

(92)

1,294

(23)

7,687

3,115

(2)

2,761

(27)

5,847

121

71,662As of April 1, 2022

Subscription
rights to sharesTotal
net assets

Changes during theperiodAs of March 31, 2023

14

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

(4) Consolidated Statements of Cash Flows
Years ended March 31, 2024 and 2023
Millions of yen
March 31,2024

March 31,2023

Cash Flows from Operating Activities:
Profit before income taxes

5,032

10,489Depreciation and amortization

3,325

3,423

Increase (Decrease) in allowance for doubtful accounts

(0)

(6)

Impairment losses―

21

Increase (Decrease) in net defined benefit liabilities

(62)

(53)

Interest and dividend income

(344)

(316)

Interest expenses

122

99

Foreign exchange losses (gains)

(360)

(337)

Loss on retirement of fixed assets

11

11

Loss (gain) on sales of investment securities

(507)

(31)

Decrease (Increase) in trade receivables

4,255

78

Decrease (Increase) in inventories(1,728)(3,596)52(277)

Increase (Decrease) in trade payables(7,406)(476)

Increase (Decrease) in accrued expenses

(240)

227

Others-net

(522)

346

Subtotal

1,627

9,602

Interest and dividend income received

344

316

Interest expenses paid

(122)

(100)

Income taxes paid

(4,338)(3,419)Net cash provided by (used in) operating activities(2,488)

6,398

Decrease (Increase) in other accounts receivable

15

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

Millions of yen
March 31,2024

March 31,2023

Cash Flows from Investing Activities:
Payments for purchase of property,
plant and equipment(4,305)(2,187)

Payments for purchase of intangible assets

(703)

(147)

Payments for purchase of insurance funds

(322)

(342)

Proceeds from cancellation of insurance funds

74－

Others-net

(48)

(23)

(5,304)(2,702)

Net increase (decrease) in short-term borrowings

5,000(2,200)

Proceeds from long-term borrowings

10,100

4,000

Repayments of long-term borrowings(4,384)(3,879)Cash dividends paid

(1,412)(1,155)

Payments for purchase of treasury stock(1,595)(0)

Others-net

(140)

(116)

Net cash provided by (used in) financing activities

7,566(3,351)

Effect of exchange rate change on
cash and cash equivalents

613

401

Net increase (decrease)in cash and cash equivalents

387

746

Cash and cash equivalents at beginning of year

18,593

17,847

Cash and cash equivalents at end of year

18,98018,593

Net cash provided by (used in) investing activities
Cash Flows from Financing Activities:

16

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

(5) Notes(Notes on the Premise of a Going Concern)
There are no applicable articles.
(Changes in accounting estimates)
Evaluation of Inventory Assets
To determine the value of inventory assets, the Company formulates evaluation rates based on the inventory storage periods
for each product, as well as past sales and consumption records. Based on these rates, the value of stagnant inventory is written
down accordingly.
Five years have passed since a mission-critical system was introduced in the 69th fiscal period, so we conducted a survey
based on accumulated detailed data to reassess the status of any stagnation within categories of inventory, categories of products,
and multiple categories of standards and special types. We also conducted a study of the future consumption probability in lightof past sales and consumption conditions. In line with the current status, we revised the evaluation rates for stagnation. From
the first quarter of the fiscal year under review, stagnant inventory is now written down based on the new evaluation rates tomore appropriately reflect the declining profitability related to inventory assets in the financial position and operating results.
As a result, in comparison with previous methods, cost of sales in the fiscal year under review increased ¥786 million while
operating income, ordinary income, and income before income taxes each decreased by a similar amount.
(Segment Information)
Because the Group manufactures and sells Needle Roller Bearings, Linear Motion Rolling Guides and Machine Components
on an integrated basis, the disclosure of segment information has been omitted.

17

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2024

(Per Share Information)

Yen
March 31,2023
1,003.28
104.92104.57

March 31,2024
1,104.33
37.82
37.71

Net assets per share
Earnings per share
Diluted earnings per share

Notes: 1. Basis for calculations of earnings per share and diluted earnings per share is as follows.

Millions of yen

Earnings per share
Profit attributable to owners of parent
Value not attributed to common stock
Profit attributable to owners of parent pertaining tocommon stock
Average number of shares outstanding at period-end
Diluted earnings per share
Adjustment value of profit attributable to owners of parent
Increase in number of shares outstanding(of which subscription rights to shares)
Residual shares not included in the calculation of diluted
earnings income per share because they have no dilutive effect

March 31,2024

March 31,
2023

2,674
－

7,469
－

2,674

7,469

70,714,066shares

71,195,717shares－
217,115 shares(217,115 shares)－
237,235 shares(237,235 shares)－－

Notes: 2. With regard to the computation of the number of shares outstanding at period-end, which is used to determine net
assets per share, and the average number of shares outstanding at period-end, which is used to determine earnings
per share for the period, the shares held by the share-issuing trust for executives and the ESOP trust are included intreasury stock.

(Important Subsequent Events)
There are no applicable articles.

18