For the Fiscal Year Ended March 31, 2021

Annual Select® 2021

NISSEI PLASTIC INDUSTRIAL
CO., LTD.
2110 Minamijo, Sakaki-machi, Hanishina-gun, Nagano-ken, Japan(Securities Code: 6293)+81-268-82-3000

Corporate Profile
NISSEI’s research has been dedicated to the development of injection molding machines and its
technologies under the following management philosophy: “As a global company, NISSEI will enrichcommunities through plastics.” We are passionate about enriching the world with the fruits of oursophisticated plastic technologies that help all nations and industries.
The company was originally founded in 1947 to conduct business in the plastic molding industry, and in1957 it began the manufacture and sale of injection molding machines, as NISSEI PLASTIC
INDUSTRIAL CO., LTD. (the “Company”). Our injection molding machines are manufactured using
proprietary technology that endows them with superior energy-saving performance, as well as
environmentally friendly characteristics. They are currently used in more than 80 countries around theworld, including the United States, Europe, Mexico, China, and Southeast Asia.
In the 74 years since it was founded, the Company group (the “Group”) has shipped more than 140,000
units of its injection molding machines, and “NISSEI” brand injection molding equipment has earned an
outstanding reputation in the automotive and medical industries, in addition to various other sectors.

I. Summary of Selected Financial Data (Consolidated)

Net sales(Millions of yen)

Ordinary profit(Millions of yen)

Profit attributable to ownersof parent

61st term

62nd term

63rd term

64th term

65th term

Fiscal year ended
March 31, 2017

Fiscal year ended
March 31, 2018

Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2021

36,73042,32144,06538,801

41,604

2,025

3,354

3,593

1,130

1,070

1,467

1,476

2,589

644

598

1,417

1,760

2,368

381

716

30,52331,85733,86033,50133,851

53,74956,476

56,841

63,25564,364

1,521.53

1,586.63

1,685.13

1,681.06

1,717.73

73.45

73.85

129.56

32.30

30.71

72.63

72.89

127.69

31.77

30.15

56.6

56.2

59.3

52.3

52.0

4.9

4.8

7.9

1.9

1.8

16.1

19.6

7.0

28.6

33.3

3,251

6,278

2,607

(5,044)

4,693(1,581)(3,043)(1,596)(1,238)

(540)

(490)

(1,660)(1,186)

2,081

1,831

10,857

12,436

12,201

7,932

14,119

899
[75]

970
[99]

1,020
[107]

1,330
[119]

1,306
[112]

(Millions of yen)Comprehensive income(Millions of yen)

Net assets(Millions of yen)

Total assets(Millions of yen)

Net assets per share(Yen)

Basic earnings per share(Yen)

Diluted earnings per share(Yen)

Equity-to-asset ratio(%)

Rate of return on equity
(ROE)
(%)

Price-earnings ratio (PER)(Times)Net cash provided by (usedin) operating activities(Millions of yen)

Net cash provided by (usedin) investing activities(Millions of yen)

Net cash provided by (usedin) financing activities(Millions of yen)

Cash and cash equivalents at
end of period(Millions of yen)

Number of employees[Separately, average numberof temporary workers](Persons)

Notes: 1.
2.
3.
4.

Net sales do not include consumption taxes.
The number of employees indicates the number of personnel actually working in the Group (excluding those who have been
seconded to organizations outside the Group). The number of temporary workers is not included in this figure, but is given inparentheses as an average number for the year.
Temporary workers include dispatched workers, temporary contract employees, and part-timers.
The Company has applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement No.
28, February 16, 2018) and relevant ASBJ guidances effective from the beginning of the 63rd term, and the key management
indices for the 62nd term are those after retrospectively applying the accounting standard and relevant ASBJ guidances.

-1-II. Top Message

Hozumi Yoda, President and Representative Director
In the 74 years since the founding of the Company, concepts of manufacturing have constantly changed andshifted with the times, and the meaning of the Company’s approach to management, as well as its outcomes,
have always been questioned. The engineering division has taken a unique approach to applying the principles ofmolding, while the sales division has engaged customers both locally and around the world. At the same time,
the production division has overcome challenging problems to ramp up mass-production at factories in Japan andoverseas. Finally, our injection molding machines have enabled products to be manufactured at high speed andin large quantities while using less energy, leading to lower costs for both logistics and the item itself. The result
is that we have facilitated the movement to market of a variety of materials, including foodstuffs and medicines,
thus acting as a force to improve the lifestyles of people struggling with poverty and disease around the world.
However, at a time when modern society is pursuing the enrichment of living standards in a material sense, we
as a company have arrived at the point where we must transform our social mission from “achieving a society
characterized by low costs, convenience, comfort,” to “achieving a society filled with genuine caring andprosperity.” Our mission has become one of realizing an approach to manufacturing that protects the planet’s
ecosystems, with the need to address environmental problems such as that of marine pollution caused by
microplastics, and enables them to be handed on to the next generation in a healthy state. We will work toachieve manufacturing methods that achieve a balance between the convenience offered by plastic andharmonious coexistence with the environment, such as by recycling plastics, or proposing new injection molding
techniques that utilize biodegradable resins.

-2-III. Description of Business
The Group (the Company and its subsidiaries) is a specialist manufacturer whose core business consists of the
manufacture and sale of injection molding machines and related products (peripherals, parts, molds, etc.), and isalso engaged in business activities related to these areas.

The details of the Group’s business, the positioning of the Company and its subsidiaries in relation to thisbusiness, and the relationship to the various segments are as follows.
1.

Japan

In addition to our mainstay products of injection molding machines, we manufacture or procure peripherals,
parts and molds, etc., and sell them to customers in Japan or to overseas sales subsidiaries.
2.

Europe and America

Injection molding machines are manufactured at consolidated subsidiary NISSEI AMERICA, INC. Injection
molding machines, peripherals, parts, and molds, etc. are sold mainly through NISSEI AMERICA, INC. andconsolidated subsidiary NISSEI MEXICO, S.A. DE C.V.
In addition, consolidated subsidiary NEGRI BOSSI S.P.A. manufactures and sales injection molding
machines and peripherals, etc. under its own brand.
3.

Asia

Injection molding machines are manufactured at consolidated subsidiaries NISSEI PLASTIC MACHINERY(TAICANG) CO., LTD., and NISSEI PLASTIC MACHINERY (THAILAND) CO., LTD.
In addition, sales of injection molding machines, peripherals, parts, and molds, etc. are conducted mainly
through consolidated subsidiaries NISSEI PLASTIC SINGAPORE PTE LTD., NISSEI (MALAYSIA) SDN.
BHD., TAIWAN NISSEI MACHINERY CORPORATION, NISSEI PLASTIC (HONG KONG) LTD., NISSEIPLASTIC (THAILAND) CO., LTD., NISSEI PLASTIC (SHANGHAI) CO., LTD., and NISSEI PLASTIC(TAICANG) CO., LTD.
Note: Statement under Ⅲ.Description of Business is based on information as of August 31, 2021.

-3-

-4-

IV. Management Plan and Business Report(1) Management plan
In April 2019, based on the policies set out below, the Group drew up its Third Medium-Term Management
Plan under the slogan of “Developing global management further, working to address the global environment,
and creating a framework to achieve ‘Future Design 2026,’” setting targets of consolidated net sales of ¥50.0
billion and consolidated operating profit of ¥4.0 billion by the fiscal year ending March 31, 2023.
1.

To develop further global management
With markets changing on a global scale, we seek to enhance our environmental management, expand
worldwide as a high-profitability company, and strengthen our potential for self-driven growth.

2.

To aggressively expand into global markets for sales enhancement
In addition to providing greater satisfaction to customers through a shift to proposal-based marketing basedon strengthening our sales capabilities and adopting new market strategies, we will respond to the growing
trends of borderless transactions and IoT, and expand aggressively into global markets. We will
systematically introduce products that embody both the ideas of the SDGs and the principles of molding.

3.

To enhance the global production network
As well as increasing the capacity of our production system, which is based on our five global
manufacturing bases, we will enhance our production engineering capabilities and our quality assurance
systems, strengthen our global procurement structure, and promote internal production to further reduce
costs.

4.

To reinforce the global risk management network
In addition to reinforcing our manufacturing, sales, and financial strategies in a way that takes into accountthe legal risk of each country, we will strengthen management structures in accordance with local corporate
governance, BCP and other issues, and work to develop human resources capable of operating at a global
level.

(2) Business report
The global spread of COVID-19 depressed economic activities in the first half of the fiscal year ended March
31, 2021, but these resumed in the second half and business conditions began a trend of moderate recovery.
Together with the incorporation of the NEGRI BOSSI S.P.A. group to a consolidated subsidiary, this resulted in
net sales of ¥41,604 million (up 7.2% year on year) for the fiscal year under review.
In terms of profits, due to a gentle recovery in demand for the injection molding machines that are ourmainstay products, operating profit was ¥1,145 million (up 4.1% year on year), ordinary profit was ¥1,070
million (down 5.3% year on year), and profit attributable to owners of parent was ¥598 million (down 7.1% year
on year).
Note: Statement under Ⅳ.Management Plan and Business Report is based on information as of August 31,
2021.

-5-

-6-

V. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Income taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Leased assets
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-7-

As of March 31, 2021

7,937
11,51814,124
10,639

533

534

7,396
5,191
9,174
2,354
210
1,507
(416)
45,407

6,547
4,348
8,525
1,463
–
1,120
(472)
46,832

14,461(8,186)
6,274
5,520(3,833)
1,686
3,633(3,242)
390
4,484
723
(542)
180
438
13,454

14,578(8,479)6,098
5,847(4,158)
1,688
3,673(3,361)
311
4,462
698
(528)
170
274
13,006

6
629
636

12
661
674

1,423
2,055
62
219
(3)
3,757
17,84863,255

1,826
1,760
49
216
(1)
3,851
17,53164,364

(Millions of yen)
As of March 31, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Lease obligations
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Deferred tax liabilities
Retirement benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets-8-

As of March 31, 2021

14,030
2,645
1,114
637
–
185
203
2,672
21,488

10,640
3,310
1,563
972
53
79
171
4,227
21,017

4,345
343
10
3,366
112
87
8,265
29,753

5,931
190
7
3,173
110
81
9,494
30,512

5,362
5,477
23,460(1,348)32,952

5,362
5,394
23,863(1,538)33,081

333

632

–
(178)
4
159
221
167
33,501
63,255

1
(262)
48
420
239
110
33,85164,364

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
Fiscal year ended
March 31, 2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
Rental income
Commission income
Electricity sale income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Electricity sale expenses
Loss on cancellation of leases
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent-9-

Fiscal year ended
March 31, 2021

38,801
28,563
10,2379,136
1,100

41,60429,384
12,21911,073
1,145

18
137
42
30
20
26
74
351

43
123
21
30
20
24
152
416

8
281
9
–
22
321
1,130

200
103
7
148
30
490
1,070

63
63

–
–

40
40
1,154
407
101
509
644
–
644

–
–
1,070
425
191
617
453
(145)
598

(Consolidated Statements of Comprehensive Income)(Millions of yen)
Fiscal year ended
March 31, 2020
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests- 10 -

Fiscal year ended
March 31, 2021
644

453

(177)
–
(61)
(24)
(263)
381

298
2
(82)
44
263
716

381

859

–

(142)

(3) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Gain on bargain purchase
Loss (gain) on valuation of investment securities
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in consumption taxes refund
receivable
Decrease (increase) in accounts receivable - other
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Dividends paid
Purchase of treasury shares
Repayments of finance lease obligations
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 11 -

Fiscal year ended
March 31, 2021

1,154
998
(63)
40

1,070
1,121
–
–

(57)

39

(25)
(61)
(156)
8
2,440
(3,541)

(105)
(135)
(167)
200
2,069
2,454

(72)

535

(266)
(4,102)(276)(147)(4,131)156(8)(1,061)(5,044)10(2,831)
61
585
4,909
173
(207)
(181)
4,693

(1,459)
0
(248)
(0)

(309)
–
(231)
–

469

–

(1,238)

(540)

480
3,200
(597)
(699)
(252)
(49)
2,081

442
3,651
(1,799)
(196)
(199)
(66)
1,831

(67)

202

(4,268)
12,201
7,932

6,186
7,932
14,119

VI. Initiatives for the global environment

Development of molding technology for Polylactic Acid (PLA) resin
The Group is conducting research and development into injection molding technology that utilizes polylactic
acid (PLA) resin, a biodegradable resin and plant-derived plastic (bioplastic) that is not dependent on fossil
resources.
PLA resin is a material that can be composted after use to allow it to be broken down and returned to natureby microorganisms, causing it to biodegrade before it reaches the sea. It is thus expected to provide a solution forthe problems of marine plastic waste and microplastics. It is also attracting attention as a “carbon-neutral”
material, because it is ultimately broken down by microorganisms into carbon dioxide and water, with the carbon
dioxide that is emitted into the atmosphere being absorbed by plants that use it in photosynthesis to synthesize
starch compounds that form its raw materials.

Left: Champagne glass molded from PLA resin

Right: Champagne glass being broken down

Installation of solar power panels, measures to reduce energy consumption
By installing solar power panels on the roof of its head office factory and actively utilizing renewable energy,
the Group is implementing initiatives to mitigate its impact on the global environment. In addition to the head
office factory, panels have also been installed at NISSEI AMERICA, INC., NISSEI PLASTIC MACHINERY(THAILAND) CO., LTD., and NEGRI BOSSI S.P.A.
Additional steps to reduce the environmental impact are being taken in the form of increased insulation at thehead office, and the conversion to highly efficient air-conditioning and energy-efficient LED illumination, which
reduce annual energy consumption.

- 12 -

VII. Corporate Data
Basic Information (as of March 31, 2021)
Trade name:
Established:
Listed market:

NISSEI PLASTIC INDUSTRIAL CO., LTD.
October 1947
The First Section of Tokyo Stock Exchange andNagoya Stock Exchange(Securities Code: 6293)
March 2001
From April 1 to March 31¥5,362 million
1,306 persons (Consolidated)
2110 Minamijo, Sakaki-machi, Hanishina-gun,
Nagano-ken, Japan+81-268-82-3000
NISSEI AMERICA, INC.
NISSEI PLASTIC SINGAPORE PTE LTD
NISSEI (MALAYSIA) SDN.BHD.
TAIWAN NISSEI MACHINERY CORPORATIONNISSEI MEXICO, S. A. DE C.V.
NISSEI PLASTIC (HONG KONG) LTD.
NISSEI PLASTIC (THAILAND) CO., LTD.
NISSEI PLASTIC (SHANGHAI) CO., LTD.
NISSEI PLASTIC (TAICANG) CO., LTD.
NISSEI PLASTIC MACHINERY (TAICANG) CO.,LTD.
NISSEI PLASTIC MACHINERY (THAILAND) CO.,LTD.
NISSEI PLASTIC MACHINERY AMERICA INC.
NEGRI BOSSI S.P.A.
NISSEI TECHNICA CO., LTD.
NISSEI METAL WORKS CO., LTD.
NISSEI HOMMA MACHINERY CO., LTD.
Eight other companies

Listed:Business year:
Capital stock:
Number of employees:
Head office:Telephone:
Consolidated subsidiaries:

Directors and Audit & Supervisory Board Members (as of June 25, 2021)
President and Representative Director
Managing Director
Managing Director
Director
Director
Director
Director and Advisor
Director*
Director*
Corporate Auditor (Standing)Corporate Auditor**
Corporate Auditor*** Outside Director

Hozumi Yoda
Kiyoto Takizawa
Hiroshi MiyashitaKazuo Usui
Hiroshi Shimizu
Takahiro Kobayashi
Hidetoshi Ogiwara
Yosuke Taira
Katsuhiko Hara
Motoaki Kadosawa
Kazuyuki Narusawa
Haruko Nishida** Outside Corporate Auditor- 13 -

Stock Status (as of March 31, 2021)
Total number of authorized shares:
Total number of issued shares:
Number of shareholders:

54,000,000 shares
22,272,000 shares
11,237

Major shareholders (Top 10)

1,889

Shareholding ratio(excluding treasury
shares) (%)
9.69

1,563

8.02

1,373

7.04

966

4.95

853

4.37

719
410
388

3.69
2.10
1.99

370

1.90

346

1.77

Number of shares held(Thousands)

Name
Aoki Agency Ltd.
NOMURA PB NOMINEES TK1 LIMITED(Standing Proxy: Nomura Securities Co., Ltd.)NISSEI PLASTIC INDUSTRIAL Trading-Partner
Shareholding Association
The Hachijuni Bank, Ltd.
The Master Trust Bank of Japan, Ltd. (Trustaccount)
Hozumi Yoda
Custody Bank of Japan, Ltd. (Trust account)
Yota Maeda
NISSEI PLASTIC INDUSTRIAL CO., LTD.
Employee Shareholding Association
Mitsubishi UFJ Trust and Banking Corporation(Note) A change report dated February 1, 2021, was submitted by Tower Investment Management Co., Ltd. in relation
to a large shareholding report for shares held as of January 29, 2021. We had been unable to ascertain the actual
number of shares held as of March 31, 2021, and thus the list of major shareholders does not include thisinformation. The details of said change report are as follows.
Large volume holder:
Address:
Number of share certificates, etc. held:
Number of share certificates, etc. held as apercentage of total shares outstanding:Tower Investment Management Co., Ltd.
2F, Noyori Building, 1-2-18 Shibadaimon, Minatoku, Tokyo, Japan
1,518,500 shares
6.82%* Annual Select is an English-language disclosure format developed by ZAIHON, INC. to increase the level of convenience of investors outside Japan based on Japanese-language
statutory disclosure material, timely disclosure material prescribed by securities exchanges and voluntarily disclosed IR material. Annual Select is a registered trademark of
ZAIHON, INC. Reproduction or copying without prior permission is prohibited.
* While every best effort has been made to provide a translation meeting the quality standards required of professionals, the Company does not guarantee it is 100% accurate.
Therefore, please verify the original Japanese text for any final judgments made based on this information.

- 14 -