Consolidated Financial Results (Japanese Accounting Standards)
for the Fiscal Year Ended March 31, 2015
ListedCompany

Listings:

Nippon Manufacturing Service Corporation

Securities code 2162

URL http://www.n-ms.co.jp/

Representative (Title)

President and CEO
Executive Managing Director, General
Manager of Accounting and Finance
DivisionContact (Title)
Scheduled date of ordinary
shareholders’ meeting:(Name) Fumiaki Ono(Name) Norihiko Suehiro Telephone 03-5333-1711
Scheduled date ofcommencement ofdividend payment:

June 25, 2015

May 15, 2015
Tokyo Stock
Exchange

June 26, 2015

Scheduled date for filing of annual
June 25, 2015
securities report:
Supplementary documents forYesfinancial results:
Financial results briefing:

Yes (for institutional investors and analysts)(Amounts in millions of yen rounded down to the nearest million yen)

1. Consolidated financial results for the year ended March 31, 2015 (April 1, 2014 to March 31, 2015)(% shows change from previous term)(1) Consolidated operating results

FY03/2015
FY03/2014

Net sales
Million yen
49,24541,905(Note) Comprehensive income%
17.5
7.8

FY03/2015

788million yen

Yen
61.67
63.43

(Reference) Share of (profit) loss of entities accounted
for using equity method(2) Consolidated financial position
Total assets
Million yen
FY03/2015
27,703
FY03/2014
19,462(Reference) Shareholders’ equity

Ordinary income
Million yen%733－-175－(-8.6%) FY03/2014

Diluted net income pershare

Net income per share

FY03/2015
FY03/2014

Operating income
Million yen%493－-643－

Return on equity

862million yen(19.0%)
Ratio of ordinary Ratio of operating
income to total
income to netassets
sales%%
3.1
1.0-0.9-1.5

Yen
61.15
61.15%
12.215.5FY03/2015－million yen

Net assets
Million yen
5,065
5,384

Equity ratio

FY03/2015

4,725million yen

Net income
Million yen%
571
-11.8
648
175.4

FY03/2014－million yen

%
17.1
23.7

Net assets per shareYen
537.16451.79FY03/2014

4,619million yen(3) State of consolidated cash flows
Cash flows from operating Cash flows from investing Cash flows from financing Cash and cash equivalents
activities
activities
activities
at end of fiscal year
Million yen
Million yen
Million yen
Million yen
FY03/2015-3,160-839
4,653
3,859
FY03/2014-464-1,347
1,020
3,087

－

1 －2. Dividends
End of firstquarter

Yen

End of second
quarter

Dividend per share
End of thirdquarter

Year-end

AnnualPayout ratio Ratio of dividends
Total dividends(consolidated to net assets(annual))(consolidated)

Yen

Yen

Yen

Yen

Million yen%%

FY03/2014

－－

0.00

－－

3.00

3.00

30

4.7

0.7

FY03/2015
FY03/2016 (forecast)

－－－－

0.00
0.00

－－－－

5.00
5.00

5.00
5.00

43

8.1
9.4

1.0(Note) The annual dividend for the year ended March 31, 2015 comprises an ordinary dividend of 3.00 yen and a commemorative
dividend of 2.00 yen.
3. Consolidated forecasts for year ending March 2016 (April 1, 2015 to March 31, 2016)(% shows the year-on-year change)

Net salesInterimFull year

Millionyen
32,18067,380

%
35.3
36.8

Profit attributable toowners of parent
Million%
%
yen
83.7
85
2.6
26.8
525-8.2

Operating income

Ordinary income

Million
yen
390
1,100

Million
yen
270
930

%
64.6
122.8－2 －Net income pershare
Yen
8.60
53.15

* Notes(1) Changes of important subsidiaries during the period (changes of specific subsidiaries inaccordance with changes in the scope of consolidation):
New: 1 company (Company name: TKR HUANAN ELECTRONICS (FOSHAN) CO., LTD.)
Exception: – (Company name:Yes–)(2) Changes in accounting principles and changes or restatement of accounting estimates(i) Changes in accounting principles associated withNone
revision of accounting standards, etc.:(ii) Changes in accounting principles other than (i):None(iii) Changes in accounting estimates:None(iv) Restatement:
None(3) Number of shares outstanding (common shares):(1) Number of shares outstanding at end ofperiod (including treasury shares)(2) Number of treasury shares at end of period(3) Average number of shares outstanding during
the term

FY03/2015

10,805,500shares

FY03/2014

10,805,500shares

FY03/2015

2,008,000shares

FY03/2014

581,500shares

FY03/2015

9,274,303shares

FY03/2014

10,224,000shares(Reference) Summary of non-consolidated financial results
1. Non-consolidated financial results for the year ended March 31, 2015 (April 1, 2014 to March 31, 2015)(1) Non-consolidated operating results(% shows change from previous term)

FY03/2015
FY03/2014

Net sales
Million yen
12,813
11,837%
8.2-6.0

Net income per share
FY03/2015
FY03/2014

Yen
8.25
3.38

(2) Non-consolidated financial position
Total assets
Million yen
FY03/2015
11,225
FY03/2014
6,773

Operating income
Million yen%
14-49.2
29-39.7

Ordinary income
Million yen%
76-30.010922.7

Net income
Million yen
%
76
121.2
34-37.1

Equity ratio

Net assets per share
Yen
115.76
153.72

Diluted net income pershare
Yen
8.18
3.26

Net assets
Million yen
1,022
1,594%
9.1
23.2(Reference) Shareholders’ equity
FY03/2015
1,018million yen FY03/2014
1,571million yen* Statement relating to the execution status for audit proceduresThis financial summary falls outside the scope of audit procedures based on the stipulations of the Financial Instruments andExchange Act. The audit procedures for financial statements based on the stipulations of said Act were not completed at the time
this financial summary was disclosed.
* Explanations and other special notes concerning the appropriate use of business performance forecasts(Notes concerning the forward-looking statements)
The results forecasts and forward-looking statements included in this document are based on information that the Company hasobtained and certain assumptions that the Company considers reasonable. The Company makes no guarantees with respect to theachievement of its results forecasts or forward-looking statements. Actual results might be significantly different from theforecasts in the document, depending on various factors.
(Availability of the supplementary materials on financial results)
The Company plans to hold a results briefing for institutional investors and analysts on Monday, June 1, 2015. The supplementarymaterials on financial results delivered in the briefing will be disclosed at TDnet immediately after the briefing.
－3 －5. Consolidated Financial Statements(1) Consolidated balance sheets(Thousand yen)
FY03/2014(March 31, 2014)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structuresAccumulated depreciation
Buildings and structures, netMachinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Investments in capital of subsidiaries andassociates
Deferred tax assets
Lease and guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

FY03/2015(March 31, 2015)

3,209,2446,912,569
529,443
343,745
2,162,079
121,177
430,729-441
13,708,547－

4 －

3,993,209
11,223,826
1,627,783
521,690
3,536,447
203,029
571,405-3,376
21,674,016*3 4,954,630*3 5,145,332*3 -3,830,798*3 -3,973,113*3 1,123,831*3 1,172,218

6,818,793-5,683,569
1,135,224*3 1,786,301
1,842,734-1,596,060
246,673
4,292,031

7,131,646-5,994,385
1,137,260*3 1,786,301
1,912,992-1,674,739
238,252
4,334,033

406,165
406,165

581,958581,958

236,437

262,995

90,78290,782

298,349
114,352*1 328,696-12,969
1,055,648
5,753,845
19,462,392

288,348
132,765*1 351,132-12,969
1,113,054
6,029,045
27,703,061

(Thousand yen)
FY03/2014(March 31, 2014)
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Deposits received
Provision for bonuses
Deferred tax liabilities
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Other accumulated comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other accumulated comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets－5 －FY03/2015(March 31, 2015)

3,934,625

5,554,435*2, *3 5,981,487*2, *3 9,435,763

1,334,362
254,21945,091
87,262
165,909
157,552－
33,532
11,994,044

1,891,854
308,485
334,836525,252
184,658
287,857
4,467
60,002
18,587,613*3 1,345,666*3 3,318,132

101,668
103,415
484,41749,0182,084,185
14,078,230

87,534
107,199477,319
59,7144,049,900
22,637,514

500,690
231,184
3,578,579-29,686
4,280,767

500,690
231,184
4,119,850-628,816
4,222,908

52,624
285,746
338,371
22,705742,318
5,384,162
19,462,392

71,774
430,960
502,735
3,675
336,227
5,065,547
27,703,061

(2) Consolidated statements of income / consolidated statement of comprehensive income
Consolidated statements of income(Thousand yen)
FY03/2014(From April 1, 2013
to March 31, 2014)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Directors' compensations
Salaries and bonuses
Provision for bonuses
Provision for directors' retirement benefits
Legal welfare expenses
Provision of allowance for doubtful accountsOffering expenses
Rents
Rent expenses
Communication expenses
Traveling and transportation expenses
Commission fee
Business consignment expenses
Taxes and dues
Depreciation
OtherTotal selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Real estate rent
Gain on valuation of derivatives
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Rent cost of real estateCommission fee
Foreign withholding tax
OtherTotal non-operating expenses
Ordinary income (loss)－6 －FY03/2015(From April 1, 2014
to March 31, 2015)

41,905,488
38,223,253
3,682,235

49,245,070
43,431,042
5,814,028

205,695
1,838,416
42,342
10,000268,882-3,790176,627
224,763
37,21763,541
253,366
37,339154,746
163,526
117,235*1 736,273
4,326,184-643,949

195,200
2,315,982
113,653
8,983
332,4992,540
215,438
271,286
33,40376,436
281,352
88,753
237,651
114,475
128,652*1 903,984
5,320,295
493,733

14,1394,713
358,861
66,98742,13277,513564,347

15,577
4,064
270,117
59,23834,287
23,410406,695

39,62625,714－
12,547
17,83995,728-175,330

51,02428,89922,50020,31744,241
166,983
733,445(Thousand yen)
FY03/2014(From April 1, 2013
to March 31, 2014)
Extraordinary income
Subsidies for employment adjustment
Gain on sales of non-current assets
Gain on bargain purchase
Subsidy income
Gain on reversal of subscription rights to shares
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment loss
Leave allowance
Loss on reduction of non-current assets
Compensation expenses
Loss on valuation of investments in capital ofsubsidiaries and associates
Loss on liquidation of business
Plant relocation expenses
OtherTotal extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Income before minority interests
Minority interests in income (loss)
Net income－

7 －FY03/2015(From April 1, 2014
to March 31, 2015)

32,59698*2 60,552*2 13,639

1,093,476
47,702－784
1,235,113

395,093－
19,029447
428,309*3 5,610*3 13,972*4 256,543

35,24647,702
92,268－996－
202,195

45,356－－－
19,262501,990557,793
52,81047,733
100,544457,248-191,267
648,516

20,655
10,012
17,730265,563896,191
349,325-64,348284,976
611,214
39,271
571,943

Consolidated statement of comprehensive income(Thousand yen)
FY03/2014(From April 1, 2013
to March 31, 2014)
Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to minority
interests－8 －FY03/2015(From April 1, 2014
to March 31, 2015)

457,248

611,21482,982
322,413*1, *2 405,395
862,644

22,009154,868*1, *2 176,877
788,092

943,429736,307-80,785

51,784