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 Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 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
Hozurni YodaInquiries:
Director
Scheduled date to file Quarterly Securities Report:

Kauyoshi Horiuchi
February 9, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

No

TEL

0268-82-3000(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)

Nine months ended December 31, 2023
Nine months ended December 31, 2022

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%
34,056 (10.3)
1,562 (23.9)
1,361 (31.0)
837 (42.1)
37,945
9.7
2,054
0.7
1,971(8.2)
1,444 (36.3)
Earnings per share

Diluted earnings per share

Yen
43.42
74.08

Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen
42.42
72.47

(2) Consolidated financial positionTotal assets
As of December 31, 2023
As of March 31, 2023

Net assets

Millions of yen
90,002
77,645Equity ratio

Millions of yen
41,77939,663

%
46.1
50.7

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

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2023

Yen–

Yen
20.00

Yen–

Yen
15.00

Yen
35.00

Year ending March 31, 2024

–

15.00

–
20.00

35.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
46,000 (11.9)
1,200 (55.3)
1,300 (46.5)
900 (51.0)
46.15

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):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
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

22,272,000 shares As of March 31, 2023

22,272,000 shares

Number of treasury shares at the end of the period
As of December 31, 2023

3,234,455 shares As of March 31, 2023

2,768,705 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

19,281,445 shares Nine months ended December 31, 2022

219,503,295 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

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

11,301
8,015

13,493
6,154

Electronically recorded monetary claims - operating
Merchandise and finished goods

606
13,070703
19,406Work in process
Raw materials and supplies

6,415
13,717

7,641
13,895

Accounts receivable - other
Other

3,438
1,783

2,408
3,597

Allowance for doubtful accounts

(406)

(303)

57,941

66,997

6,409

6,721

Machinery, equipment and vehicles, net
Land

1,543
4,774

1,644
4,859

Other

1,608

4,324

Total property, plant and equipment14,336

17,549

524

441

2,223

2,189

Other
Allowance for doubtful accounts

2,621
(1)

2,825
(1)

Total investments and other assets

4,842

5,013

19,70323,00577,64590,002

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net

Intangible assets
Investments and other assets
Investment securities

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of December 31, 2023

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

13,386

11,122

4,503
2,254

15,085
2,518

417
338

–
290

Other

5,329

7,175

Total current liabilities

26,22936,192

8,325
2,979

8,573
2,945

446

511

11,752

12,03037,981

48,223

Share capital
Capital surplus

5,362
5,295

5,362
5,307

Retained earnings
Treasury shares

27,097(1,539)27,353(2,030)Total shareholders' equity

36,21535,993

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

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

908882

Deferred gains or losses on hedges
Foreign currency translation adjustment

(0)
2,199

114,549

Remeasurements of defined benefit plans

16

11

3,123

5,454

322

330

Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

41

1

39,663

41,77977,64590,002

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

Nine months ended

December 31, 2022

December 31, 2023

Net sales
Cost of sales

37,94525,891

34,056
22,723Gross profit

12,054

11,333

Selling, general and administrative expenses

9,999

9,770

Operating profit

2,054

1,562

Interest income
Dividend income

1881

6123

Gain on valuation of derivatives
Other

84
206

–
195

Total non-operating income

390

324

Non-operating income

Non-operating expenses
Interest expenses

94131

Foreign exchange losses
Other351
28

337
57

Total non-operating expenses

474

526

1,971

1,361

Gain on bargain purchase–152

Total extraordinary income

–

152

1,971

1,513

549

676

1,421

837

Ordinary profit
Extraordinary income

Profit before income taxes
Income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

5(23)

–

1,444

837

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

1,421

837

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

183(26)11

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

2,987
(4)

2,350
(5)

Total other comprehensive income

3,004

2,330

4,426

3,168

4,439

3,168

(13)

–

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6