Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Based on Japanese GAAP)
August 9, 2024
NISSEI PLASTIC INDUSTRIAL CO., LTD.
Company name:
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

6293
URL http://www.nisseijushi.co.jp
President & Representative Director
Hozumi Yoda

Inquiries:
Director
Scheduled date to commence dividend payments:

Akihiko Imai–Preparation of supplementary material on financial results:
Holding of financial results meeting:

YesNo

TEL0268-82-3000(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended June 30, 2024
9,748
(7.2)
316 (34.6)
492 (17.2)
380 (23.3)
Three months ended June 30, 2023
10,502 (12.9)
484 (44.2)
594 (47.0)
496 (38.7)
Earnings per share

Diluted earnings per share

Yen
20.00
25.52

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen
19.53
24.94

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
93,49286,639

As of June 30, 2024
As of March 31, 2024

Equity ratio

Millions of yen
41,84040,278%44.4
46.1

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

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2024

Yen–

Yen
15.00

Yen–

Yen
20.00

Yen
35.00

Year ending March 31, 2025

–
15.00

–

20.00

35.00

Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Millions of yen
Six months ending
September 30, 2024
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

19,500(13.6)

250(67.7)350(56.3)

150(73.5)

7.88

45,500(3.3)

1,050(39.1)

1,150(14.2)

600

59.5

31.52

1

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

22,272,000 shares As of March 31, 2024

22,272,000 shares

Number of treasury shares at the end of the periodAs of June 30, 2024

3,234,455 shares As of March 31, 2024

3,234,455 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

19,037,545 shares Three months ended June 30, 2023

219,453,278 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

8,454
7,213

11,723
6,229

Electronically recorded monetary claims - operating
Merchandise and finished goods

959
18,864

1,194
21,945Work in process
Raw materials and supplies

6,700
13,401

7,080
13,741

Accounts receivable - other
Income taxes refund receivable

2,837
162

1,857
–

Other
Allowance for doubtful accounts

3,888
(290)

4,241
(292)

Total current assets

62,192

67,721

Buildings and structures, net
Machinery, equipment and vehicles, net

6,567
2,687

6,702
2,618

Land
Other

4,841
4,753

4,878
6,141

Total property, plant and equipment

18,84820,340Intangible assets
Investments and other assets

404

378

Investment securities
Other

2,652
2,543

2,419
2,635

(1)

(1)

Non-current assets
Property, plant and equipment

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

5,194

5,052

24,447

25,771

86,63993,492

(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provisions

10,10910,573

10,7783,117

15,688
3,068

–
225

132
257

Other

6,632

7,236

Total current liabilities

30,862

36,957

12,017
2,948

11,282
2,889

532

524

15,498

14,69546,36051,652

Share capital
Capital surplus

5,362
5,307

5,362
5,307

Retained earnings
Treasury shares

26,892(2,030)26,892(2,030)Total shareholders' equity

35,53235,531

Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive incomeValuation difference on available-for-sale securities

1,066

936

Foreign currency translation adjustment
Remeasurements of defined benefit plans

3,358(9)5,049(9)Total accumulated other comprehensive income

4,414

5,976

330
1330
1

40,27841,84086,63993,492

Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

June 30, 2023

June 30, 2024

Net sales
Cost of sales

10,502
6,814

9,748
6,560

Gross profit

3,688

3,188

Selling, general and administrative expenses

3,203

2,871

484

316

Interest income
Dividend income

595

473

Foreign exchange gains
Other

57956
115

Total non-operating income

185249

40

58

35

16

Operating profit
Non-operating income

Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities

7574594492–228

Gain on bargain purchase152–

Total extraordinary income

152

228

Profit before income taxes

747

720

Income taxes

250

339

Profit496

380

Profit attributable to owners of parent

496

380

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
496

380

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

145
0(129)–

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

954
(2)

1,691(0)1,0971,561

1,593

1,942

1,593

1,942

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent6