Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
[Japanese GAAP]May 13, 2022
Company name: NC Holdings Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 6236
URL: https://nc-hd.jp/
Representative: Hironori Kajiwara, Representative Director and President
Contact: Hidekazu Murata, Director and General Manager, Administration Headquarters
Phone: +81-3-6625-0001
Scheduled date of general shareholders’ meeting: June 27, 2022
Scheduled date of commencing dividend payments: June 10, 2022
Scheduled date of filing securities report: June 28, 2022
Availability of supplementary explanatory materials on annual financial results: No
Schedule of annual financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 - March 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2022
13,413(2.0)
616 (24.8)
705 (19.8)
414 (59.8)
March 31, 2021
13,689–819–879–
1,032–(Note) Comprehensive income: Fiscal year ended March 31, 2022: ¥(18) million [–%]
Fiscal year ended March 31, 2021: ¥1,483 million [–%]
DilutedOrdinary
OperatingEarnings
Return onearnings
income to total
income to net
per share
equityper share
assetssales
Fiscal year endedYen
Yen%%%March 31, 2022
76.54
–
5.0
4.7
4.6
March 31, 2021
162.96
–
12.2
5.6
6.0
(Reference) Equity in earnings of affiliated companies:
Fiscal year ended March 31, 2022: ¥7 million
Fiscal year ended March 31, 2021: ¥– million(2) Consolidated Financial Position
Total assets

Net assets

Million yen

14,613As of March 31, 2022
15,406
As of March 31, 2021
(Reference) Equity: As of March 31, 2022: ¥7,242 million
As of March 31, 2021: ¥9,223 million

Million yen

7,242
9,223

Equity ratio

Net assets per share%

49.6
59.9

Yen

1,689.98
1,447.19(3) Consolidated Cash Flows

Fiscal year ended
March 31, 2022
March 31, 2021

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Million yen

Million yen

Million yen

491
464

889
282

1(1,770)(372)

Cash and cash
equivalents
at year-end
Million yen

5,199
5,588

2. Dividends
1stquarterend
Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023(Forecast)

Annual dividends
2nd3rdYearquarter- quarterend
endend

Total

Total
dividends(annual)Ratio ofPayout ratio dividends to(consolidated)
net assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%%

–

0.00

–

15.00

15.00

95

9.2

1.2

–

0.00

–

15.00

15.00

64

19.6

1.0

–

0.00

–

15.00

15.00

16.1

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 - March31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable
Earnings
Net sales
Operating income Ordinary income
to owners ofper shareparentFull year

Million yen

14,000%

4.4

Million yen

650%

5.4

Million yen

650%

(7.9)

Million yen

400%

(3.6)

* Notes:(1) Changes in significant subsidiaries during the fiscal year under review: None
(Changes in specified subsidiaries resulting in changes in scope of consolidation)
Newly included: – (Company name:)
Excluded: : – (Company name:)
Notes on changes in important subsidiaries during the fiscal year.
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: NoneNotes on changes in accounting policies, changes in accounting estimates and retrospective restatement.
(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the year (including treasury shares):
March 31, 2022:
4,685,745 shares
March 31, 2021:6,416,046 shares2) Total number of treasury shares at the end of the year:
March 31, 2022:
March 31, 2021:
3) Average number of shares during the year:
Year ended March 31, 2022:
Year ended March 31, 2021:

400,022 shares
42,749 shares

5,419,323 shares
6,338,538 shares

2

Yen

93.33

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 - March 31,2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating income
Ordinary income
Net income
Year ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2022
569
54.8
344 571.7
336 468.2(52)–March 31, 2021
368
(1.1)
51 (35.6)
59 (29.4)
187 145.5

Fiscal year ended
March 31, 2022
March 31, 2021

Earnings per share

Diluted earnings pershare

YenYen(9.62)
29.62––(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2022
7,501
As of March 31, 2021
7,708
(Reference) Equity: As of March 31, 2022: ¥5,349 million
As of March 31, 2021: ¥7,362 million

Equity ratio

Net assets per share

Million yen%

Yen

5,349
7,362

71.3
95.5

1,750.35
1,155.22* These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The performance forecasts and other forward-looking statements contained in this report are based on information
currently available to the Company and certain premises that the Company deem to be reasonable. The Companymakes no guarantees that these forecasts will be achieved, and actual results may differ from the predictions due tovarious factors. With regard to the assumptions and other matters concerning the use of these forecasts, please refer
to “Future Outlook” on page 4 of the Attachments (in Japanese only).

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