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, 2023
(Based on Japanese GAAP)
August 10, 2023
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 Yoda

Inquiries:
Director
Scheduled date to file Quarterly Securities Report:

Kauyoshi Horiuchi
August 10, 2023

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 three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2023
Three months ended June 30, 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%
10,502 (12.9)
484 (44.2)
594 (47.0)
496 (38.7)
12,058
8.3
868
47.9
1,121
73.6
809 (33.5)
Earnings per share

Diluted earnings per share

Yen
25.52
41.49

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen
24.94
40.65

(2) Consolidated financial position
Total assets
As of June 30, 2023
As of March 31, 2023

Net assets

Millions of yen
79,544
77,645Equity ratio

Millions of yen
40,86339,663

%
51.0
50.7

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00

Yen–

Yen
15.00

Yen
35.00

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
Six months ending
21,000 (15.9)400 (75.0)500 (70.7)
400 (68.2)
20.51
September 30, 2023
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 three months ended June 30, 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:

No
No

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 June 30, 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 June 30, 2023

2,873,455 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)
Three months ended June 30, 2023

19,453,278 shares Three months ended June 30, 2022

219,503,295 shares

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

As of June 30, 2023Assets
Current assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

11,301
8,015

9,384
6,998

Electronically recorded monetary claims - operating
Merchandise and finished goods

606
13,070800
15,660Work in process
Raw materials and supplies

6,415
13,717

7,173
14,045

Accounts receivable - other
Other

3,438
1,783

2,148
3,580

Allowance for doubtful accounts

(406)

(264)

57,941

59,525

6,409

6,392

Machinery, equipment and vehicles, net
Land

1,543
4,774

1,726
4,789

Other

1,608

1,573

Total property, plant and equipment

14,336

14,482

524

497

2,223

2,432

OtherAllowance for doubtful accounts

2,621
(1)

2,607
(1)

Total investments and other assets

4,842

5,037

19,70320,01877,64579,544

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 June 30, 2023

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

13,386

13,982

4,503
2,254

6,161
2,169

417
338

134
394

Other

5,329

4,607

Total current liabilities

26,22927,450

8,325
2,979

7,810
2,958

446

461

11,752

11,23037,981

38,681

Share capital
Capital surplus

5,362
5,295

5,362
5,295

Retained earnings
Treasury shares

27,097(1,539)27,301(1,640)Total shareholders' equity

36,21536,317

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

908

1,054

Deferred gains or losses on hedges
Foreign currency translation adjustment

(0)
2,199

–
3,153

Remeasurements of defined benefit plans

16

13

3,123

4,221

322

322

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

4

1

139,663

40,86377,64579,544

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, 2022

June 30, 2023

Net sales
Cost of sales

12,058
8,159

10,502
6,814

Gross profit

3,899

3,688

Selling, general and administrative expenses

3,031

3,203

868

484

Interest income
Dividend income

863

595

Foreign exchange gains
Gain on valuation of derivatives

76
84

5–

Operating profit
Non-operating income

Other6279

Total non-operating income

293

185

Interest expenses
Other29104035Total non-operating expenses

4075

1,121

594

Gain on bargain purchase–152

Total extraordinary income–152

Non-operating expenses

Ordinary profit
Extraordinary income

Profit before income taxes

1,121

747

Income taxes

315

250

Profit805

496

Loss attributable to non-controlling interests(3)–

Profit attributable to owners of parent

809

496

5

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

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
805

496

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

(5)
3145
0

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

1,558
(1)

954
(2)

Total other comprehensive income

1,555

1,097

2,361

1,593

2,363

1,593

(1)

–

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

6