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 June 30, 2017
(Based on Japanese GAAP)
August 8, 2017
NIHON NOHYAKU CO., LTD.
Company name:
Stock exchange listing: Tokyo
Stock code:
Representative:

4997
President

URL

http://www.nichino.co.jp/Inquiries:

Executive Officer, General Manager ofGeneral Affairs Department

Yosuke TomoiToyokazu Iijima

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

TEL+81-3-6361-1400

August 8, 2017
–NoNo
(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended June 30, 2017 (from October 1, 2016 to June 30, 2017)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended June 30, 201746,50218.6
3,478 (30.8)
3,606 (23.0)
2,175 (20.2)
Nine months ended June 30, 2016
39,217 (14.8)
5,030 (50.7)
4,681 (51.5)
2,727 (57.5)
Earnings per share

Diluted earnings per share

Yen
32.55
40.81

Nine months ended June 30, 2017
Nine months ended June 30, 2016

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
96,706
88,791

As of June 30, 2017
As of September 30, 2016

Equity ratio

Millions of yen
51,71948,697

%
50.7
52.1

2. Cash dividends
Annual dividends per share

Year ended September 30, 2016
Year ending September 30, 2017
Year ending September 30, 2017
(Forecast)

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen––Yen
7.50
7.50

Yen––

Yen
7.50

Yen
15.00

7.50

15.00

3. Forecast of consolidated financial results for the year ending September 30, 2017 (from October 1, 2016 to September 30, 2017)
Net sales
Full year

Millions of yen
59,500Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
17.5
3,900 (11.9)
3,600 (6.9)
2,200 112.5
32.92

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended June 30, 2017(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:

Yes(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, 201770,026,782 shares As of September 30, 2016

70,026,782 shares

Number of treasury shares at the end of the period
As of June 30, 2017

3,189,456 shares As of September 30, 2016

3,189,034 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended June 30, 2017

66,837,547 shares Nine months ended June 30, 2016

266,838,281 shares

Quarterly consolidated financial statements
Quarterly consolidated balance sheets(Millions of yen)
As of September 30, 2016

As of June 30, 2017

AssetsCurrent assets
Cash and deposits

15,15911,953

Notes and accounts receivable - trade19,46526,518

Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process

603

2,000

10,065

11,129454

704

Raw materials and supplies

4,273

4,373

Other

3,741

4,196

Allowance for doubtful accounts

(418)

(442)

53,34460,435

Buildings and structures, net

5,565

5,665

Machinery, equipment and vehicles, net

3,553

3,471

Land

6,354

6,467

Total current assets
Non-current assets
Property, plant and equipment

Other, net

1,018

840

Total property, plant and equipment

16,491

16,444

Intangible assets
Goodwill

7,150

7,451

978

1,085

8,128

8,537

Investment securities

6,156

6,684

Other

Other
Total intangible assets
Investments and other assets

4,684

4,631

Allowance for doubtful accounts

(13)

(27)

Total investments and other assets

10,827

11,28835,44636,27088,791

96,706

Total non-current assets
Total assets3

(Millions of yen)
As of September 30, 2016

As of June 30, 2017

Liabilities
Current liabilities
Notes and accounts payable - trade

8,833

8,229

460

825

Short-term loans payable

4,449

10,507

Income taxes payable

119759

Electronically recorded obligations - operating

Provision for bonuses
Provision for product recall related costs
Other provision
Electronically recorded obligations - non-operating

630

322

1,044

137

23

39

138

72

Other

6,809

6,794

Total current liabilities

22,50927,688

Bonds payable

1,848

2,014

Long-term loans payable

11,567

11,09391

54

Net defined benefit liability

1,418

1,374

Other

2,657

2,762

Total non-current liabilities

17,583

17,29740,09344,986

Capital stock

10,93910,939

Capital surplus

13,235

13,235Retained earnings

26,351

27,525

Treasury shares(1,726)(1,726)

Total shareholders’ equity

48,801

49,973

Non-current liabilities

Other provision

Total liabilities
Net assets
Shareholders’ equity

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

1,353

1,782

Foreign currency translation adjustment(3,766)(2,626)

Remeasurements of defined benefit plans

(101)

(108)

Total accumulated other comprehensive income(2,514)(951)

Non-controlling interests

2,410

2,697

Total net assets

48,69751,71988,791

96,706

Total liabilities and net assets

4Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income
Quarterly consolidated statements of income(Millions of yen)
Nine months ended
June 30, 2017

Nine months ended
June 30, 2016
Net sales

39,21746,502

Cost of sales

23,13230,495Gross profit

16,08516,007

Selling, general and administrative expenses

11,054

12,528Operating income

5,030

3,478

Interest income

30266

Dividend income

84

93

Real estate rent

61

62

Foreign exchange gains

313

206

–216

Other64

147

Total non-operating income

555

993Non-operating income

Share of profit of entities accounted for using equity method

Non-operating expenses
Interest expenses
Loss on valuation of derivatives

120355–

227

Share of loss of entities accounted for using equity method

646

–

Other

138

282

Total non-operating expenses

905

865

4,681

3,606

Ordinary income
Extraordinary income
Gain on disposal of non-current assets

9–Gain on sales of investment securities–

169

Total extraordinary income

9169

Loss on disposal of non-current assets

5412

Product recall related costs

311

113

Extraordinary losses

Total extraordinary losses

365

125

Profit before income taxes

4,325

3,650

Income taxes

1,586

1,438

Profit

2,738

2,211

1135

2,727

2,175

Profit attributable to non-controlling interests
Profit attributable to owners of parent

5

Quarterly consolidated statements of comprehensive income(Millions of yen)
Nine months ended
June 30, 2017

Nine months ended
June 30, 2016
Profit

2,738

2,211

(487)

428

(1,627)

1,702

(8)

(6)

(2,206)(299)(4,329)1,824(1,591)

4,036(1,456)

3,737

(134)

298

Other comprehensive incomeValuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6