Disclaimer: This document is an English translation of the original document in Japanese and has been
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translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023
[Japanese GAAP]May 15, 2023
Company name: NC Holdings Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 6236
URL: https://www.nc-hd.jp/
Representative: Hironori Kajiwara, Representative Director and President
Contact: Hidekazu Murata, General Manager, Administration Headquarters
Phone: +81-3-6859-4611
Scheduled date of general shareholders’ meeting: June 29, 2023
Scheduled date of commencing dividend payments: July 20, 2023
Scheduled date of filing securities report: June 30, 2023
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, 2023 (April 1, 2022 - March 31, 2023)(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, 2023
14,2796.5625
1.4611 (13.2)
336 (19.0)
March 31, 2022
13,413(2.0)
616 (24.8)
705 (19.8)
414 (59.8)(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥344 million [–%]
Fiscal year ended March 31, 2022: ¥(18) million [–%]
DilutedOrdinaryOperatingEarnings
Return onearnings
income to total
income to net
per share
equityper shareassetssales
Fiscal year ended
Yen
Yen%%%March 31, 2023
77.69–
4.5
4.2
4.4
March 31, 2022
76.54
–
5.0
4.7
4.6
(Reference) Equity in earnings of affiliated companies:
Fiscal year ended March 31, 2023: ¥10 million
Fiscal year ended March 31, 2022: ¥7 million(2) Consolidated Financial Position
Total assets

Net assets

Million yen

14,806
As of March 31, 2023
14,613As of March 31, 2022
(Reference) Equity: As of March 31, 2023: ¥7,655 million
As of March 31, 2022: ¥7,242 million

Equity ratio

Net assets per share

Million yen%

Yen

7,655
7,242

51.7
49.6

1,762.82
1,689.98(3) Consolidated Cash Flows

Fiscal year ended
March 31, 2023
March 31, 2022

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Million yen

Million yen

Million yen

710
491

123
889

1(816)(1,770)Cash and cash
equivalents
at year-end
Million yen

5,217
5,199

2. Dividends
1stquarterend
Yen

Annual dividends
2nd
3rd
Yearquarter- quarterend
end
end
Yen

Yen

TotalYen

Yen

Totaldividends(annual)Ratio of
Payout ratio dividends to(consolidated)
net assets(consolidated)%

Million yen%

Fiscal year ended
–0.00
–
15.00
15.00
64
19.6
1.0
March 31, 2022
Fiscal year ended
–
0.00
–
17.50
17.50
74
22.2
1.0
March 31, 2023
Fiscal year ending
March 31, 2024
–0.00–––(Forecast)
On April 20, 2023, the Company received proposals from a certain shareholder concerning amendments to theArticles of Incorporation and an increase in dividend payments. (For details, please refer to the notice titled “Noticeconcerning shareholder’s proposals submitted to the Company and the Company’s dissenting opinion to theproposals,” disclosed on May 15, 2023.) Accordingly, the date of the general shareholders’ meeting will be theeffective date of distribution of surplus. As such, the Company has scheduled to commence dividend payments(usually set in June) for July 20, 2023. Note that the date of record is the last day of March 2023, as usual.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributableEarnings
Net sales
Operating income Ordinary income
to owners ofper shareparentFull year

Million yen

14,000%(0.9)

Million yen

600%

(4.0)

Million yen%

500 (18.3)

Million yen

350%

4.1

* 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: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
Notes 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, 2023:
4,685,745 shares
March 31, 2022:
4,685,745 shares2) Total number of treasury shares at the end of the year:
March 31, 2023:
March 31, 2022:
3) Average number of shares during the year:
Year ended March 31, 2023:
Year ended March 31, 2022:

342,943 shares
400,022 shares

4,325,520 shares
5,419,323 shares

2

Yen

80.91

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 - March 31,2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating income
Ordinary income
Net income
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2023
337 (40.8)
96 (71.9)
13 (95.9)
13–
March 31, 2022
569
54.8
344 571.7
336 468.2(52)–

Fiscal year ended
March 31, 2023
March 31, 2022

Earnings per share

Diluted earnings pershare

YenYen3.18(9.62)––(2) Non-consolidated Financial Position
Total assets

Net assets

Million yenAs of March 31, 2023
7,153
As of March 31, 2022
7,501(Reference) Equity: As of March 31, 2023: ¥5,431 million
As of March 31, 2022: ¥5,349 million

Equity ratio

Net assets per share

Million yen%

Yen

5,431
5,349

75.9
71.3

1,267.33
1,750.35* 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 informationcurrently available to the Company and certain premises that the Company deem to be reasonable. The Company
makes no guarantees that these forecasts will be achieved, and actual results may differ from the predictions due tovarious factors. With regard to the assumptions used in preparing these forecasts and other matters concerning theuse of these forecasts, please refer to “Future Outlook” on page 4 of the Attachments (in Japanese only).

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