NIPPON THOMPSON CO., LTD.
Corporate Headquarters: Tokyo
Listed Code: 6480
Li sted Sto ck Exchan ge: Tokyo(URL: https://www.ikont.co.jp/eg/)August 7, 2020

Consolidated Financial Resultsfor the First Quarter of the Fiscal Year Ending March 31, 2021
<Japanese GAAP>
Representative: Shigeki Miyachi, President and Representative Director
For further information contact: Kesaaki Ushikoshi, General Manager of Accounting Department
Telephone: +81-3-3448-5824
Scheduled Date to Submit Quarterly Annual Securities Report:
Expected Date of Payment for Dividends:
Preparation of Supplementary Explanation Material for Quarterly Financial Results:
Holding of Presentation Meeting for Quarterly Financial Results:

August 7, 2020
－None
None

Figures have been rounded down to eliminate amounts less than one million yen.

1. Consolidated Operating Performance for the First Quarter of Fiscal Year Ending March 31, 2021
(From April 1, 2020 to June 30, 2020)(1) Results of Consolidated Operations(Millions of yen)

June 30, 2020
June 30, 2019

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange10,615
13,256(19.9)(12.6)(186)
809－(39.6)(182)
653－(57.7)

Note: Comprehensive income
Three-month period ended June 30, 2020: 420 million yen
383.7 %
Three-month period ended June 30, 2019:86 million yen(86.2) %Note: Percentage change for net sales, operating profit, ordinary profit, and profit attributable to owners of parent indicate
Note: percentage increase/decrease compared to the same period in the previous year.

June 30, 2020
June 30, 2019

Profitattributable toowners ofparent4486

PercentagechangeEarnings
per share(Yen)(99.1)(58.8)

0.06
6.79

1

Dilutedearnings
per share(Yen)
0.06
6.77

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2020

(2) Consolidated Financial Position
Total assets

Net assets

June 30, 2020
102,828
March 31, 2020
98,118Reference: Shareholders’ equity
As of June 30, 2020:
As of March 31, 2020:

57,53857,439(Millions of yen)
Net assets
per share (Yen)
797.51796.63Equity ratio
(%)
55.8
58.4

57,390 million yen
57,291 million yen

2. Dividends(Yen)
Base dateJune 30

September 30
4.00

Dividends per share
December 31－March 31－

Full Fiscal Year
－2021(Forecast)
2021
－
2020
7.50
5.00
－－
Notes: The year-end dividend forecast for the fiscal year ended 31 March 2021 has not been determined.

12.50

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2021

Six-month period ending
September 30, 2020

Six-month period ending
September 30, 2020

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profit(Millions of yen)
Percentagechange20,200(20.6)(400)－(380)－Profitattributable toowners ofparent

PercentagechangeEarnings
per share(Yen)(180)－(2.52)

Notes: Percentage change for net sales, operating profit, ordinary profit, and profit attributable to owners of parent indicate
Notes: percentage increase/decrease compared to the same period in the previous year.
Notes: Change in the current three-month period ended June 30, 2020, to consolidated operating performance forecast: Yes
Notes: Forecast of full-year consolidated operating performance is undetermined because it is difficult to reasonably
calculate the impact of the novel coronavirus pandemic at this time. We will announce it as soon as it becomes
possible to disclose the operating performance forecast.

2NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2020

4. Others(1) Changes in the state of significant subsidiaries during the period (Changes regarding specific companies accompanying
changes in the scope of consolidation): None
(2) Application of the special accounting methods for the presentation of the quarterly consolidated financial statements: Yes
Note: For further details, please refer on page 8.
(3) Changes in accounting principles and accounting estimates, and restatements
Changes in accounting principles arising from revision of accounting standards:
Changes other than those in above:
Changes in accounting estimates:
Restatements:

NoneNone
None
None(4) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
As of June 30, 2020:
As of March 31, 2020:

73,501,425 shares
73,501,425 shares

Number of treasury stock
As of June 30, 2020:
As of March 31, 2020:

1,539,937 shares
1,584,793 shares

Average number of shares outstanding at period-end
Three-month period ended June 30, 2020:Three-month period ended June 30, 2019:

71,946,323 shares
71,691,946 shares

Note: The number of treasury stock includes treasury stock held by the ESOP trust. This resulted in the addition to treasury
stock of 76,500 shares as of June 30, 2020 and 121,700 shares as of March 31, 2020. In addition, treasury stock held
pby the ESOP trust is excluded from the calculation of the average number of shares outstanding at period-end, as isother treasury stock. The number of shares excluded from said calculation totaled 91,800 shares for the three-month
period ended June 30, 2020 and 337,466 shares for the three-month period ended June 30, 2019.

These consolidated financial report are not subject to quarterly review by auditors
Explanations or Other Items Pertaining to Appropriate use of Operating Performance Forecasts
Performance forecasts presented herein are based on information available to the Nippon Thompson Group (the “Group”)
as of the date of this document, August 7, 2020. Accordingly, for a wide variety of reasons, there remains the possibility that
actual performance results may differ from projections.

3

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2020

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of June 30, 2020 and March 31, 2020
Millions of yen
March 31,
June 30,2020
2020

ASSETS
Current Assets:
Cash and deposits
Notes and accounts receivable-tradeFinished products
Material in process
Raw materialOthers
Less: Allowance for doubtful accounts
Total current assets
Non-Current Assets:
Tangible fixed assets:
Machinery and vehicles
OthersTotal tangible fixed assets
Intangible fixed assets
Investments and other assets:
Investment securities
OthersLess: Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
TOTAL ASSETS

4

16,97911,715
16,312
11,067
6,551
2,056
(15)
64,66812,924
11,671
16,196
11,122
6,414
2,624
(14)
60,94011,554
13,50025,055
2,001

11,50013,242
24,742
2,107

7,400
3,757
(55)
11,101
38,159

6,708
3,675
(56)
10,32837,178102,828

98,118NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2020

Millions of yenMarch 31,June 30,20202020LIABILITIESCurrent Liabilities:
Notes and accounts payable-trade
Short-term borrowings
Current portion of bonds
Current portion of long-term loans payable
Income taxes payable
Allowance for directors’ and corporate auditors’ bonuses
Provision for loss on guarantees
OthersTotal current liabilities

7,624
1,200
5,000
5,144
157
15170
4,935
24,2487,832
1,200－4,130
225
63
170
4,132
17,754

Non-Current Liabilities:
Corporate bonds
Long-term loans payable
Net defined benefit liabilities
OthersTotal non-current liabilities

10,0009,646
231,371
21,041

15,000
6,876
33
1,014
22,92445,28940,679

Shareholders’ Equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity

9,533
12,886
34,632(789)
56,263

9,533
12,88634,988(828)
56,579

Accumulated Other Comprehensive Income:Net unrealized holding gains on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares

1,862(0)(597)(137)
1,127
148

1,3650(494)
(160)
711
148

TOTAL NET ASSETS

57,53857,439TOTAL LIABILITIES AND NET ASSETS

102,828

98,118TOTAL LIABILITIESNET ASSETS

5NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2020

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the first quarter ended June 30, 2020 and 2019

Millions of yen
June 30,
June 30,
2019
2020
Net Sales
Cost of Sales
Gross Profit
Selling, General and Administrative Expenses
Operating Profit (Loss)
Non-Operating Income:Interest income
Dividend income
Insurance income
Others

Non-Operating Expenses:
Interest expenses
Sales discounts
Foreign exchange loss
OthersOrdinary Profit (Loss)
Extraordinary Income:Gain on sales of investment securities

Profit (Loss) Before Income Taxes
Income Taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

6

10,615
7,730
2,884
3,071

13,256
8,983
4,273
3,463

(186)

809

2
80
6
57
147

2
113
62
90
268

29
11
65
35
143

21
15
376
10
424

(182)

653

44－－

(178)
(182)
4－4653161
4915486

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2020

Consolidated Statements of Comprehensive Income
For the first quarter ended June 30, 2020 and 2019

Millions of yen
June 30,June 30,
2019
2020
ProfitOther Comprehensive Income:Net unrealized holding gains on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total Other Comprehensive Income
Comprehensive Income

4491497(0)
(103)
22415
420(203)1(197)(5)(405)
86Breakdown:Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

420-8157

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2020

(3) Notes on the Premise of a Going Concern
There are no applicable articles.

(4) Notes on the Statement of Changes in Consolidated Shareholders’ Equity
There are no applicable articles.

(5) Application of the special accounting methods for the presentation of the quarterly consolidated financialstatements
Calculation of tax expenses
Tax expenses are calculated by reasonably estimating the effective tax rate after the application of deferred tax accounting
on profit before income taxes in the current consolidated fiscal year, including the first quarter, and multiplying profit before
income taxes by said estimated effective tax rate. However, in cases where tax expenses calculations using the estimatedeffective tax rate produce results that are notably unreasonable, tax expenses are calculated by multiplying profit (loss) before
income taxes by the statutory tax rate, with consideration given to the recoverability of deferred tax assets.

8