Consolidated Quarterly Financial Results
for the Nine Months Ended December 31, 2018
[Japanese GAAP]
February 14, 2019
Company name: NIPPON HUME CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Securities code: 5262
URL: http://www.nipponhume.co.jp
Representative: Minoru Okawauchi, President and Representative Director
Contact: Takamasa Ishii, Executive Officer and General Manager of Accounting Division
Phone: +81-3-3433-4111
Scheduled date of filing quarterly securities report: February 14, 2019
Scheduled date of commencing dividend payments: ―Preparation of supplementary briefing material on quarterly financial results: NoHolding of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2018
(April 1, 2018 to December 31, 2018)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toTurnover
Operating income
Ordinary income
owners of parent
company
Million yen%

Million yen%

Million yen%

Million yen

Nine months ended
29,581
11.8
1,272
20.6
2,077
40.1
1,686December 31, 2018
Nine months ended
26,459
14.9
1,055
(4.8)
1,482
5.8
1,088
December 31, 2017
(Note) Comprehensive income: Nine months ended December 31, 2018: ¥1,402 million [(12.0)%]
Nine months ended December 31, 2017: ¥1,594 million [(5.3)%]

Nine months ended
December 31, 2018
Nine months ended
December 31, 2017

Earnings per share

Diluted earnings pershare

Yen

Yen

67.89

―

43.47

―

(2) Consolidated Financial Position
Total assets
Million yen

Net assets
Million yen

As of December 31,48,739
31,603
2018As of March 31,48,952
30,7872018(Reference) Equity: As of December 31, 2018: ¥31,376 million
As of March 31, 2017: ¥30,570 million

Equity ratio%

64.4
62.4%

54.9
13.9

2. Dividends
Annual dividends
3rdYear-endquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

――――――

17.00

17.00

18.00

18.00

Fiscal year ended March 31, 2018
Fiscal year ending March 31, 2019
Fiscal year ending March 31, 2019
(Forecast)

Total(Note) Revision to the dividend forecast announced most recently: No
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2019
(April 1, 2018 to March 31, 2019)(% indicates changes from the previous corresponding period.)
Profit attributableEarningsTurnover
Operating income Ordinary income
to owners ofper shareparent company%

Million yen%

Yen

38,000
1.5
1,700
1.3
2,300
4.0
Full year(Note) Revision to the financial results forecast announced most recently: No

Million yen%

Million yen%

Million yen

1,700

2.9

68.31

* 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 December 31, 2018: 29,347,500 shares
As of March 31, 2018: 29,347,500 shares2) Total number of treasury shares at the end of the period
As of December 31, 2018: 4,620,728 shares
As of March 31, 2018: 4,459,908 shares
3) Average number of shares during the period
Nine months ended December 31, 2018: 24,846,715 shares
Nine months ended December 31, 2017: 25,046,181 shares* These 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 ofpublication of this document. They are not intended as a commitment by the Company that these results will beachieved. Actual results may differ considerably as a result of numerous factors. For the assumptions used in thefinancial 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 2 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

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 .............................................................................................................. 2(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information .......... 22. Consolidated Quarterly Financial Statements and Important Notes................................................................. 3(1) Consolidated Quarterly Balance Sheets ..................................................................................................... 3(2) Consolidated Quarterly Statements of Income and Comprehensive Income ............................................. 5(3) Notes to the Consolidated Quarterly Financial Statements ........................................................................ 7(Notes on going concern assumption) ........................................................................................................ 7(Notes in the case of significant changes in shareholders’ equity) ............................................................. 7(Additional information) .............................................................................................................................. 7(Segment information, etc.) ....................................................................................................................... 71

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
During the nine months ended December 31, 2018, business sentiment in Japan remained flat, but due tofactors including both the issue of the United Kingdom’s withdrawal from the European Union and the trade
friction between the United States and China, the Chinese and European economies are slowing, and there areconcerns over the impact of the slowdowns on future economic conditions in Japan and Asia.
In the concrete products industry in which the Group operates, while demand for Hume pipes fell below thatin the same period of the previous fiscal year, demand for pile products exceeded slightly above that in thesame period of the previous fiscal year.
Under these circumstances, the Group worked diligently to pursue stable profits and sustainable growth,which were the key objectives of the basic policy in Evolution All Japan II, the Group’s new three-year
medium-term management plan that began in fiscal 2018.
In the nine months ended December 31, 2018, orders received for concrete products (mainly Hume pipes
and pile products) and construction, etc., were ¥28,040 million (up 8.1% year on year), and turnover, including
mainly revenue from concrete products, construction, and real estate was ¥29,581 million (up 11.8% year onyear).
As for profit and loss, operating income was ¥1,272 million (up 20.6% year on year); ordinary income was¥2,077 million (up 40.1% year on year), mainly because of equity in earnings of affiliates and dividend income,and profit attributable to owners of parent was ¥1,686 million (up 54.9% year on year) due to gain on sales of
fixed assets, etc.

(2) Explanation of Financial Position
Total assets as of December 31, 2018, decreased ¥213 million from the end of the previous consolidated
fiscal year, to ¥48,739 million. This was mainly because, under current assets, while cash and deposits
increased ¥1,128 million, notes and accounts receivable – trade decreased ¥1,823 million.
In addition, under liabilities, total liabilities decreased ¥1,029 million from the end of the previous
consolidated fiscal year, to ¥17,136 million. This was mainly because, under current liabilities, notes andaccounts payable - trade decreased ¥984 million.
Under net assets, total net assets increased ¥816 million from the end of the previous consolidated fiscal
year, to ¥31,603 million. This was mainly because, under retained earnings, while profit attributable to ownersof parent company increased ¥1,686 million, there was a decrease of ¥436 million for cash dividends paid, andvaluation difference on available-for-sale securities decreased ¥368 million.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
Regarding the results forecasts pertaining to the fiscal year ending March 31, 2019, there has been nochange to the full-year results forecast published in the “Consolidated Financial Results for the Fiscal Year
Ended March 31, 2018 [Japanese GAAP],” dated May 11, 2018.

2NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

2. Consolidated Quarterly Financial Statements and Important Notes(1) Consolidated Quarterly Balance Sheets(Thousand yen)
As of March 31, 2018
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
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
OtherProvision 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 directors’ retirement benefits
Provision for environmental measures
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities

3

As of December 31, 2018

8,838,71715,151,754
1,886,616
528,757
259,764(16,939)
26,648,670

9,967,403
13,327,814
1,916,299
515,914
179,314(20,379)
25,886,367

3,023,197
3,697,674
2,003,334
8,724,206
119,008

2,896,004
3,692,005
2,687,869
9,275,878
99,044

13,150,972
490,591(180,997)
13,460,566
22,303,861
48,952,531

13,159,828
474,433(156,053)
13,478,208
22,853,131
48,739,498

11,617,640
1,221,480
438,800
182,108―
894,861
14,354,892

10,633,029
1,256,915
199,591―30
1,342,747
13,432,313

36,017
7,736
2,688,857
1,077,672
3,810,284
18,165,176

36,0177,736
2,680,047
979,933
3,703,734
17,136,048

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

(Thousand yen)
As of March 31, 2018
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 benefitTotal accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4As of December 31, 2018

5,251,400
4,736,524
21,509,299(1,710,327)
29,786,896

5,251,400
4,736,524
22,759,565(1,860,421)
30,887,068

905,884
203,908(326,588)
783,204
217,253
30,787,354
48,952,531

537,290
227,281(275,074)
489,497
226,883
31,603,449
48,739,498

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

(2) Consolidated Quarterly Statements of Income and Comprehensive Income
Consolidated Quarterly Statements of Income
Nine Months Ended December 31(Thousand yen)
For the nine months ended
December 31, 2017
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
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of fixed assetsInsurance income
State subsidy
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

5

For the nine months ended
December 31, 2018

26,459,841
22,442,698
4,017,142
2,961,935
1,055,207

29,581,590
25,157,933
4,423,656
3,151,265
1,272,391

954
100,482
281,087
8,32489,213
480,062

1,606
109,365
651,543―
115,811878,326

18,317―
34,70453,021
1,482,247

20,53836,85916,221
73,6192,077,098

2,406
5,167
1,440
9,014

143,576―1,440
145,016

11
11
1,491,250
348,90344,375393,278
1,097,972
9,336
1,088,635――
2,222,115
484,982
40,715525,697
1,696,418
9,629
1,686,788

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

Consolidated Quarterly Statements of Comprehensive Income
Nine Months Ended December 31(Thousand yen)
For the nine months ended
December 31, 2017
Profit after income taxes
Other comprehensive income
Valuation difference on available-for-sale securities
Difference in foreign exchange
Remeasurements 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

6For the nine months ended
December 31, 2018

1,097,972

1,696,418

430,123(7,573)38,13635,645496,332
1,594,304(341,669)
23,37350,851(26,261)(293,707)
1,402,711

1,584,967

1,393,081

9,336

9,629

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

(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.
(Additional information)
Adoption of the “Partial Amendments to Accounting Standard for Tax Effect Accounting,” etc.)
The Company has adopted the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ
Statement No. 28 on February 16, 2018), etc. from the beginning of the first quarter of the fiscal year under review.
As a result, deferred tax assets are presented in investments and other assets, and deferred tax liabilities arepresented in non-current liabilities.
(Segment information, etc.)
I. For the nine months ended December 31, 2017 (April 1, 2017 to December 31, 2017)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income(loss)

Others(Note 1)

Total

Amountrecorded on
theConsolidated
Adjustments
QuarterlyStatements ofIncome(Note 2)Concrete
Products

Construction

Real Estate
Development

13,849,356

11,424,210

743,884

26,017,451

442,389

26,459,841―

26,459,841

12,648―32,26044,909101

45,010(45,010)―

13,862,005

11,424,210

776,145

26,062,360

442,491

26,504,852(45,010)

26,459,841(31,569)

663,320309,653

941,405

113,801

1,055,207―

1,055,207

Total(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the environmental
equipment sales business, the sport facility management business, the rental business, and the solar power
generation business.
2. Total segment income (loss) corresponds to operating income on the Consolidated Quarterly Statements ofIncome.

2. Information concerning impairment loss on non-current assets, goodwill, etc., by reportable segment
No relevant items.

7

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2018

II. For the nine months ended December 31, 2018 (April 1, 2018 to December 31, 2018)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income

Others(Note 1)

TotalAmountrecorded on
theConsolidated
Adjustments
QuarterlyStatements ofIncome(Note 2)Concrete
Products

Construction

Real Estate
Development

15,815,441

12,569,159

742,986

29,127,587

454,00329,581,590―

29,581,590

11,622―32,18143,804

2,740

46,545(46,545)―

15,827,064
313,523

12,569,159
513,109775,167
310,852

29,171,391
1,137,486

456,744
134,905

29,628,135
1,272,391(46,545)―

29,581,590
1,272,391

Total(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the environmental
equipment sales business, the sport facility management business, the rental business, and the solar power
generation business.
2. Total segment income corresponds to operating income on the Consolidated Quarterly Statements of Income.

2. Information concerning impairment loss on non-current assets, goodwill, etc., by reportable segment
No relevant items.

8