Consolidated Quarterly Financial Results
for the Three Months Ended June 30, 2023
[Japanese GAAP]
August 9, 2023
Company name: NIPPON HUME CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Securities code: 5262
URL: https://www.nipponhume.co.jp
Representative: Tomoyuki Masubuchi, President and Representative Director
Contact: Kenichi Kojima, General Manager of Accounting Division
Phone: +81-3-3433-4111
Scheduled date of filing quarterly securities report: August 9, 2023
Scheduled date of commencing dividend payments: ―Preparation of supplementary briefing material on quarterly financial results: No
Holding of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 to June 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toTurnover
Operating income
Ordinary income
owners of parentcompany
Million yen%

Million yen%

Million yen%Three months ended
7,325(4.6)
71 (69.3)
576 (26.6)
June 30, 2023
Three months ended7,677
16.0
231 (27.4)
784
(7.1)
June 30, 2022
(Note) Comprehensive income: Three months ended June 30, 2023: ¥1,198 million [141.9%]
Three months ended June 30, 2022: ¥495 million [-2.0%]
Earnings per share

Diluted earnings pershare

Yen

Yen

26.48

―

27.37

―

Three months ended
June 30, 2023
Three months ended
June 30, 2022
(2) Consolidated Financial Position
Total assets

Million yen

Net assets

Equity ratio

Million yen%636(3.8)661(6.0)

Net assets per share

Million yen%

Yen

As of June 30, 2023
54,72338,812As of March 31,
54,97938,2012023(Reference) Equity: As of June 30, 2023: ¥38,514 million
As of March 31, 2023: ¥37,899 million

70.4

1,604.60

68.9

1,575.56

2. Dividends
Annual dividends
3rdYear-endquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

――――

21.00

21.00

――

25.00

25.00

Fiscal year ended March 31, 2023
Fiscal year ending March 31, 2024
Fiscal year ending March 31, 2024
(Forecast)

Total(Note) Revision to the dividend forecast announced most recently: No3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024
(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributableEarnings
TurnoverOperating income Ordinary income
to owners ofper shareparent company%

Million yen%

Yen

32,300
1.3
1,300
5.2
2,150
2.3
Full year(Note) Revision to the financial results forecast announced most recently: No

Million yen% Million yen%

Million yen

1,650

0.568.59* Notes(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): No
Newly included: ― (Company name)
Excluded: ― (Company name)(2) Application of accounting procedures specific to preparation of consolidated quarterly financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards, etc.: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023: 29,347,500 shares
As of March 31, 2023: 29,347,500 shares2) Total number of treasury shares at the end of the period
As of June 30, 2023: 5,345,201 shares
As of March 31, 2023: 5,292,998 shares
3) Average number of shares during the period
Three months ended June 30, 2023: 24,035,417 shares
Three months ended June 30, 2022: 24,177,389 shares* The quarterly financial results are not subject to quarterly review procedures by certified public accountants orauditing corporations.

* Explanation of the proper use of financial results forecast and other note
The financial results forecast and other forward-looking statements contained in these materials are based on
information available to the Company and on certain assumptions deemed to be reasonable as of the date of publicationof this document. They are not intended as a commitment by the Company that these results will be achieved. Actual
results may differ considerably as a result of numerous factors. For the assumptions used in the financial results
forecast and precautionary notes on its use, please refer to “1. Qualitative Information on Quarterly Financial Results
for the Period under Review (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking
Information” on page 3 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

Table of Contents
1. Qualitative Information on Quarterly Financial Results for the Period under Review ....................... 2(1) Explanation of Operating Results ................................................................................................... 2(2) Explanation of Financial Position ................................................................................................... 3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information 32. Consolidated Quarterly Financial Statements and Important Notes...................................................... 4(1) Consolidated Quarterly Balance Sheets .......................................................................................... 4(2) Consolidated Quarterly Statements of Income and Comprehensive Income .................................. 6(3) Notes to the Consolidated Quarterly Financial Statements ............................................................. 8(Notes on going concern assumption) ............................................................................................. 8(Notes in the case of significant changes in shareholders’ equity) .................................................. 8(Segment information, etc.) ............................................................................................................. 81

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
During the three months ended June 30, 2023, the Japanese economy saw a gradual improvement as socialand economic activities returned to normal; nonetheless, the outlook remained uncertain amid rising raw
materials and energy prices and a surge in commodity prices.
In the market environment of the Group, both public works investment and private construction investment
remained at the same level as the previous fiscal year based on nominal values. However, demand for both
concrete piles in the foundations business and Hume pipes in the sewerage-related business fell below the levels
seen in the same period of the previous fiscal year.
Under these conditions, in the three months ended June 30, 2023, turnover amounted to ¥7,325 million (down4.6% year on year), operating income was ¥71 million (down 69.3% year on year) partly due to a decline indemand for sewerage-related business and investments in R&D for growth, ordinary income was ¥576 million(down 26.6% year on year), and profit attributable to owners of parent company was ¥636 million (down 3.8%year on year).
An overview of the business segments is provided below.
1) Foundations businessDespite lower market demand than in the same period of the previous fiscal year, the Group made an allout effort to win orders, resulting in turnover of ¥4,925 million (up 2.1% year on year) and operating incomeof ¥83 million (up 72.7% year on year).
Sewerage-related business
Due to lower market demand than in the same period of the previous fiscal year, turnover was ¥1,992
million (down 19.1% year on year) and operating income was ¥243 million (down 32.5% year on year), butboth are expected to recover in the second half of the fiscal year.
2)

Solar Power Generation and Real Estate business
Turnover amounted to ¥393 million (up 4.5% year on year) and operating income was ¥208 million (down6.5%). In the solar power generation area, both electric power generation and power selling were affected byoutput control, but real estate rental revenue was solid.
3)

OthersTurnover totaled ¥13 million (up 13.6% year on year) and operating income was ¥10 million (up 16.4%year on year).
4)

For the three months ended June 30, 2023, our technology R&D highlights included the press release
regarding “Development of Manufacturing Technology for Precast Products Using Artificial Intelligence (AI)”dated April 20, 2023. We will pursue consistent quality and labor savings in the manufacturing process of precast
concrete products, thereby further improving our competitiveness.
With the 100th anniversary of its founding in 2025 as a milestone, the Group positions the five-year period
from fiscal 2023 to 2027 as a “period of reform,” propelling our medium-term management plan “23-27 Plan R”
to create a growth path to become a 200-year company. The Group will work as one to enhance corporate value
over the medium to long term through investing in human resources, technical R&D, and capital expenditures
for the carbon-neutral era.

2NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

(2) Explanation of Financial Position
Total assets as of June 30, 2023, decreased ¥256 million from the end of the previous consolidated fiscal year,
to ¥54,723 million. This was mainly because investment securities increased ¥1,137 million under non-current
assets, while notes and accounts receivable – trade, and contract assets decreased ¥1,421 million under current
assets.
In addition, under liabilities, total liabilities decreased ¥868 million from the end of the previous consolidated
fiscal year, to ¥15,910 million. This was mainly because deferred tax liabilities included in other under noncurrent liabilities increased ¥297 million, while notes and accounts payable - trade decreased ¥1,110 million
under current liabilities.
Under net assets, total net assets increased ¥611 million from the end of the previous consolidated fiscal year,to ¥38,812 million. This was mainly because, under retained earnings, while profit attributable to owners ofparent company increased ¥636 million, there was a decrease of ¥539 million for cash dividends paid, andvaluation difference on available-for-sale securities increased ¥582 million.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
Regarding the results forecasts for the fiscal year ending March 31, 2024, there has been no change to thefull-year results forecasts published in the “Consolidated Financial Results for the Fiscal Year Ended March 31,2023 [Japanese GAAP],” dated May 11, 2023.

3NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

2. Consolidated Quarterly Financial Statements and Important Notes(1) Consolidated Quarterly Balance Sheets(Thousand yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade and contract
assetsElectronically recorded monetary claims
Merchandise and finished goods
Raw materials and supplies
OtherProvision for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Provision for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Provision for share-based remuneration for directors
Provision for directors’ retirement benefits
Provision for share-based remuneration for
employees
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities

4

As of June 30, 2023

12,462,419

12,775,209

10,003,539

8,582,252

2,027,549
3,202,918
913,078
337,076(12,846)
28,933,736

1,933,199
3,290,700
855,297
212,665(10,769)
27,638,554

3,662,106
3,608,446
2,189,698
9,460,251
190,637

3,582,076
3,598,623
2,180,747
9,361,446
190,191

16,136,631
290,710(32,250)
16,395,091
26,045,981
54,979,717

17,274,575
290,603(32,250)
17,532,929
27,084,567
54,723,121

10,145,252
1,070,553
192,212
186,645
3,122
1,341,314
12,939,100

9,034,580
1,077,227
124,065―
2,252
1,526,921
11,765,047

37,485
14,90725,044
14,907―

13,7252,707,744
1,079,133
3,839,270
16,778,371

2,728,117
1,363,411
4,145,207
15,910,254

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023(Thousand yen)
As of March 31, 2023
Net assets
Shareholders’ equity
Share capital
Share premium
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Difference in foreign exchange
Remeasurements of defined benefit
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of June 30, 2023

5,251,400
4,920,916
28,993,638(2,574,346)
36,591,608

5,251,400
4,920,916
29,090,184(2,614,630)
36,647,870

1,035,136
199,157
73,496
1,307,790
301,946
38,201,346
54,979,717

1,617,332
172,30276,595
1,866,230
298,767
38,812,867
54,723,121

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

(2) Consolidated Quarterly Statements of Income and Comprehensive Income
Consolidated Quarterly Statements of Income
Three Months Ended June 30(Thousand yen)
For the three months ended
June 30, 2022
TurnoverCost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of income of associates
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of fixed assets
Total extraordinary income
Extraordinary losses
Loss on disposal of fixed assets
Total extraordinary losses
Profit before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Profit after income taxes
Profit attributable to non-controlling interests
Profit attributable to owners of parent company

6For the three months ended
June 30, 2023

7,677,991
6,448,751
1,229,240
997,707
231,532

7,325,697
6,189,306
1,136,390
1,065,345
71,04563
88,978389,384
45,95038,507562,88463
92,466
352,589
43,104
27,839516,062

3,016
6,489
9,505
784,911

5,641
5,289
10,930576,177

165
165

198,561
198,5615
5785,071
55,81064,432120,243664,8283,206
661,622――774,739
89,09545,835
134,930
639,808
3,312
636,495

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

Consolidated Quarterly Statements of Comprehensive Income
Three Months Ended June 30(Thousand yen)
For the three months ended
June 30, 2022

For the three months ended
June 30, 2023

664,828

639,808(156,810)(17,991)
2,726
2,613
(169,463)
495,365558,621(29,497)
2,802
26,512
558,439
1,198,247

492,158

1,194,935

3,206

3,312

Profit after income taxes
Other comprehensive income
Valuation difference on available-for-sale securities
Difference in foreign exchangeRemeasurements of defined benefit
Share of other comprehensive income of associates
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
company
Comprehensive income attributable to non-controllinginterests

7

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

(3) Notes to the Consolidated Quarterly Financial Statements(Notes on going concern assumption)
No relevant items.
(Notes in the case of significant changes in shareholders’ equity)
No relevant items.

(Segment information, etc.)
I. For the three months ended June 30, 2022 (April 1, 2022 to June 30, 2022)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income

Foundations

Seweragerelated

Solar Power
Generationand Real
Estate4,825,539

2,463,814

1,673
4,827,213
48,375

Amountrecorded on
theAdjustments Consolidated(Note 2)
QuarterlyStatements ofIncome(Note 3)

TotalOthers(Note 1)

Total

376,520

7,665,875

12,115

7,677,991―

7,677,991

―

9,432

11,106―

11,106(11,106)―

2,463,814
360,914385,953
223,121

7,676,981
632,411

12,1159,020

7,689,097
641,432(11,106)(409,899)

7,677,991
231,532(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥ (409,899) thousand is corporate expenses not allocated to reportablesegments. Corporate expenses are general and administrative expenses not attributable to reportable segments.
3. Total segment income with adjustments corresponds to operating income on the Consolidated Quarterly
Statements of Income.

2. Information on impairment loss or goodwill for non-current assets by reportable segment
No relevant items.

8NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2023

II. For the three months ended June 30, 2023 (April 1, 2023 to June 30, 2023)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income

Foundations

Seweragerelated

Solar Power
Generationand Real
Estate4,925,564

1,992,723

30,411
4,955,975
83,554

Amountrecorded on
theAdjustments Consolidated(Note 2)
QuarterlyStatements ofIncome(Note 3)

Total

Others(Note 1)

Total

393,645

7,311,933

13,764

7,325,697―

7,325,697

―

9,644

40,055―40,055(40,055)―

1,992,723
243,666

403,289
208,604

7,351,988
535,825

13,764
10,502

7,365,752
546,328(40,055)(475,283)

7,325,697
71,045(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥ (475,283) thousand is corporate expenses not allocated to reportablesegments. Corporate expenses are general and administrative expenses not attributable to reportable segments.
3. Total segment income with adjustments corresponds to operating income on the Consolidated Quarterly
Statements of Income.

2. Information on impairment loss or goodwill for non-current assets by reportable segment
No relevant items.

9