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, 2020
(Based on Japanese GAAP)
August 11, 2020
NIHON NOHYAKU CO., LTD.
Company name:
Stock exchange listing: Tokyo
Stock code:
Representative:

4997
President

URL

https://www.nichino.co.jp/Yosuke Tomoi

Inquiries:

General Manager of General Affairs & Legal
Motohiro Nagai
Department

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 11, 2020–No
No(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profitOrdinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 2020
14,063–
1,250–724–756–
Three months ended December 31, 2019
11,6830.6(192)–(345)–(170)–
Earnings per share

Diluted earnings per share

Yen
9.61
(2.17)

Three months ended June 30, 2020Three months ended December 31, 2019

Yen––

(2) Consolidated financial position
Total assets
As of June 30, 2020
As of March 31, 2020

Net assets

Millions of yen
94,726102,214

Equity ratioMillions of yen
57,48858,372%59.6
55.2

2. Cash dividends
Annual dividends per share

Fiscal period ended March 31, 2020
Year ending March 31, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen–

Yen–

Yen
4.00

Yen
4.00

7.50

–

7.50

15.00

Year ending March 31, 2021 (Forecast)Total

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profitOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
27,000–
300–
(200)
–200
–
2.54
September 30, 2020
Full year
65,300–3,000–
2,400–
1,800–
22.85

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2020(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, 2020

81,967,082 shares As of March 31, 2020

81,967,082 shares

Number of treasury shares at the end of the period
As of June 30, 2020

3,192,332 shares As of March 31, 2020

3,192,332 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2020

78,774,750 shares Three months ended December 31, 2019278,774,991 shares

Quarterly consolidated financial statements
Quarterly consolidated balance sheets(Millions of yen)
As of March 31, 2020

As of June 30, 2020

AssetsCurrent assets
Cash and deposits

14,01012,423

Notes and accounts receivable - trade

31,231

28,268Electronically recorded monetary claims - operating

1,574

2,390

Merchandise and finished goods

15,55615,132Work in process

693

753

Raw materials and supplies

5,962

5,258

Other

3,435

1,849

Allowance for doubtful accounts

(133)

(159)

72,331

65,916

Buildings and structures, net

4,804

4,606

Machinery, equipment and vehicles, net

3,476

3,278

Land

5,917

5,884

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

Other, net

657

647

14,855

14,416

Goodwill

2,941

2,844

Other

1,251

1,211

Total intangible assets

4,1924,056

Investment securities

5,147

5,499

Other

6,053

5,132

Allowance for doubtful accounts

(366)

(294)

Total investments and other assets

10,834

10,33729,882

28,810102,214

94,726

Total property, plant and equipment
Intangible assets

Investments and other assets

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2020

As of June 30, 2020

Liabilities
Current liabilities
Notes and accounts payable - trade

12,6999,321

Electronically recorded obligations - operating

1,054

893

Short-term borrowings

10,136

9,033

264–Current portion of bonds payable
Income taxes payable

1,124

484

Provision for bonuses

656

337

Other provisions

52

37

Electronically recorded obligations - non-operating

82

128

Other

6,484

6,157

Total current liabilities

32,55526,392

Bonds payable

2,149

1,651

Long-term borrowings

6,508

6,595

658

662

Non-current liabilities

Retirement benefit liability
Other provisions

52

49

Other

1,915

1,885

Total non-current liabilities

11,285

10,844

43,841

37,237

Share capital

14,93914,939

Capital surplus

15,06815,068Retained earnings

31,55331,995

Treasury shares(1,728)(1,728)

Total shareholders’ equity

59,83260,274

Total liabilities
Net assets
Shareholders’ equity

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

583

731

Foreign currency translation adjustment(4,607)(5,177)

Remeasurements of defined benefit plans

630

625

Total accumulated other comprehensive income(3,392)(3,820)Non-controlling interests

1,933

1,034

Total net assets

58,372

57,488102,214

94,726

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)Three months ended
June 30, 2020Three months ended
December 31, 2019
Net sales

11,68314,063

Cost of sales

7,596

9,190

Gross profit

4,086

4,873

Selling, general and administrative expenses

4,279

3,622

Operating profit (loss)

(192)

1,250

Interest income

1918

Dividend income

4341

Rental income from real estate

1818

Share of profit of entities accounted for using equity method

175

239

Gain on valuation of derivatives39119

Non-operating income

Other

1927

Total non-operating income

316

464

Non-operating expenses
Interest expenses

143

118

Foreign exchange losses

306

842

Other

1929

Total non-operating expenses

469

989

(345)

724

Gain on sales of non-current assets–

0

Total extraordinary income–

0

Loss on disposal of non-current assets

192

Ordinary profit (loss)
Extraordinary income

Extraordinary losses
Total extraordinary losses

19

2Profit (loss) before income taxes

(365)

722

Income taxes

(90)

483

Profit (loss)

(275)

239

Loss attributable to non-controlling interests

(104)

(517)

Profit (loss) attributable to owners of parent

(170)

756

5Quarterly consolidated statements of comprehensive income(Millions of yen)Three months ended
June 30, 2020Three months ended
December 31, 2019
Profit (loss)

(275)

239

Valuation difference on available-for-sale securities

264

148

Foreign currency translation adjustment

(204)

(864)

(4)

(5)

(19)

(74)

35

(796)

(239)

(557)

(19)

329

(220)

(886)

Other comprehensive income

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