NIPPON THOMPSON CO., LTD.
Corporate Headquarters: Tokyo
Listed Code: 6480
Listed Stock Exchange: Tokyo(URL: http://www.ikont.co.jp/eg/)August 8, 2014

Consolidated Financial Reportfor the First Quarter of the Fiscal Year Ending March 31, 2015
<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 8, 2014
−None
None

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

1. Consolidated Operating Performance for the First Quarter of Fiscal Year Ending March 31, 2015
(From April 1, 2014 to June 30, 2014)(1) Results of Consolidated Operations(Millions of yen)

June 30, 2014
June 30, 2013

Net sales

PercentagechangeOperatingincomePercentagechangeOrdinary
incomePercentagechangeNetincome

Percentagechange11,017
9,547

15.4
(5.1)

937
466

101.0
(29.9)

862929(7.2)
50.6

478
952

(49.8)
187.2

Note: Comprehensive income
Three-month period ended June 30, 2014:
640 million yen (69.5) %Three-month period ended June 30, 2013: 2,098 million yen (668.2) %: Percentage change for net sales, operating income, ordinary income, and net income indicate percentage
increase/decrease compared to the same period in the previous year.

June 30, 2014
June 30, 2013

Net income
per share(Yen)
6.57
13.11

Diluted net
income per share(Yen)
5.93
11.85

Note: Changes in accounting policies arising from a revision of accounting standards have been retrospectively applied to theresults of consolidated operations for the three-month period ended June 30, 2013.

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(2) Consolidated Financial Position
Total assets

Net assets

87,05386,891

56,37056,121

June 30, 2014
March 31, 2014

Reference: Shareholders’ equity
As of June 30, 2014:
As of March 31, 2014:(Millions of yen)
Equity ratio(%)
64.7
64.6

56,353 million yen
56,121 million yen

2. Dividends(Yen)
Base dateJune 30

2015(Forecast)
2015
2014

−−

September 30
5.00

Dividends per share
December 31−March 31
5.00

Full Fiscal Year
10.00

5.00

−

5.00

10.00

Note: Change in the current three-month period ended June 30, 2014, to dividend forecast: None

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2015

Six-month period ending
September 30, 2014
Year ending March31, 2015

Six-month period ending
September 30, 2014
Year ending March31, 2015

Net sales

PercentagechangeOperatingincomePercentagechangeOrdinary
income(Millions of yen)
Percentagechange21,000

8.4

1,800

197.5

1,800

51.6

42,000

7.0

3,600

−

3,600

320.0

Net incomePercentagechangeNet income
per share(Yen)

1,100(6.3)

14.98

2,200286.7

29.96

Notes: Percentage change for net sales, operating income, ordinary income, and net income indicate percentage
increase/decrease compared to the same period in the previous year.
Change in the current three-month period ended June 30, 2014, to consolidated operating performance
forecast: None2

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 to “1. Other Information” on page 4.
(3) Changes in accounting policies and accounting estimates, and restatements
Changes in accounting policies arising from revision of accounting standards:
Changes other than those in above:
Changes in accounting estimates:
Restatements:

Yes
None
None
None

Note: For further details, please refer to “1. Other Information” on page 4.
(4) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
As of June 30, 2014:
As of March 31, 2014:

73,499,875 shares
73,499,875 shares

Number of treasury stock
As of June 30, 2014:
As of March 31, 2014:

687,208 shares
710,420 shares

Average number of shares outstanding at period-end
Three-month period ended June 30, 2014:
Three-month period ended June 30, 2013:

72,805,969 shares
72,670,037 shares

Note: From the consolidated accounting period ended June 30, 2014, in tandem with changes in accounting policies arisingfrom a revision of accounting standards, the number of treasury stock includes treasury stock held by the ESOP trust.
This resulted in the addition to treasury stock of 623,000 shares as of June 30, 2014 and 648,000 shares as of March
31, 2014. In addition, treasury stock held by the ESOP trust is excluded from the calculation of the average numberof shares outstanding at period-end, as is other treasury stock. The difference between the old and new calculation ofthe average number of shares is thus 630,666 shares for the three-month period ended June 30, 2014 and 770,000
shares for the three-month period ended June 30, 2013.

Disclosure with Regard to Implementation of Quarterly Review Procedures
Although falling outside quarterly review procedures based on the Financial Instruments and Exchange Law, thesefinancial results are subjected to such review procedures, which are completed at the time of disclosure.
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 8, 2014. Accordingly, for a wide variety of reasons, there remains thepossibility that actual performance results may differ from projections.

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1.

Other Information(1) Changes in the state of significant subsidiaries during the period
There are no applicable articles. While there was no change in the state of significant subsidiaries, IKO Thompson Asia
Co., Ltd. was established in the three-month period ended June 30, 2014 and included in the scope of consolidation.
(2) Application of the special accounting methods for the presentation of the quarterly consolidated financial statements
Calculation of tax expenses
Tax expenses are calculated by reasonably estimating the effective tax rate after the application of deferred tax
accounting on income before income taxes and minority interests in the current consolidated fiscal year, including
the first quarter, and multiplying income before income taxes and minority interests by said estimated effective taxrate.
(3) Changes in accounting policies and accounting estimates, and restatements(Changes in accounting policies)• As of April 1, 2014, the Group adopted the provisions stipulated in the main clause of Article 35 of the AccountingStandard for Retirement Benefits (Accounting Standards Board of Japan (ASBJ), Statement No. 26, issued on May 17,
2012; hereinafter “Retirement Benefits Accounting Standards”) and in the main clause of Article 67 of the Guidance on
Accounting Standard for Retirement Benefits (ASBJ Guidance No. 25, issued on May 17, 2012; hereinafter the“Guidance”). The Group also revised the determination of retirement benefit liabilities and current service cost.
Accordingly, the Group changed the method of attributing expected benefit to periods from the straight-line basis to thebenefit formula basis as well as amended the determination method of the discount rate from that based on the remaining
working lives to a single weighted average discount rate.
The adoption of the Retirement Benefits Accounting Standards and its Guidance is subject to the transitional
treatment stipulated by Article 37 of the Retirement Benefits Accounting Standards. Accordingly, the impact of theabovementioned revision in calculation methods of retirement benefit liability and current service cost was included inretained earnings at the beginning of the fiscal year under review.
As a result, as of April 1, 2014, net defined benefit liabilities increased ¥67 million, and retained earnings decreased¥43 million. The influence of these changes on profit or loss for the three-month period ended June 30, 2014 wasimmaterial.
• As of April 1, 2014, Nippon Thompson Co., Ltd. (the “Company”) adopted the “Practical Solution on Transactions ofDelivering the Company’s Own Stock to Employees etc. through Trusts” (Practical Issue Task Force (PITF) No. 30,
December 25, 2013). When treasury stock is delivered to the trust, the Company recognizes the balance. The following
are recorded as liabilities: profit or loss related to sales of shares by the trust to the Employee Stock Ownership
Association, dividends paid from the Company on shares held by the trust, and net expenses related to the trust. Thesechanges in accounting policies have been retrospectively applied to the quarterly consolidated financial statement for thethree-month period ended June 30, 2013 and consolidated financial statement for the fiscal year ended March 31, 2014.
Furthermore, the effect of the retrospective application to the three-month period ended June 30, 2013 and the fiscal year
ended March 31, 2014 was immaterial.

42. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of June 30, 2014 and March 31, 2014
Millions of yen
ASSETS

June 30,2014

Current Assets:
Cash and deposits
Notes and accounts receivable-trade
Short-term investment securities
Finished products
Material in process
Raw material
OthersLess: Allowance for doubtful accounts
Total current assets
Fixed 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 assetsTotal fixed assets
TOTAL ASSETS

5March 31,2014

13,176
10,631
1,499
13,260
9,468
5,737
4,169
(18)
57,924

14,748
9,577−
14,028
9,613
5,938
3,986
(19)
57,873

8,939
9,245
18,184
681

9,309
9,392
18,701
609

8,289
2,023
(49)
10,262
29,128

7,591
2,164
(49)
9,706
29,01787,05386,891Millions of yen
LIABILITIESMarch 31,2014

June 30,
2014

Current Liabilities:
Notes and accounts payable-trade
Short-term bank loan
Current portion of long-term bank loans
Income taxes payable
Allowance for directors’ and corporate auditors’ bonuses
OthersTotal current liabilities

6,531−
2,841
416
20
3,549
13,358

5,913
600
2,859
742
70
2,821
13,007Long-Term Liabilities:
Corporate bond
Convertible bondLong-term bank loans
Net defined benefit liabilities
OthersTotal long-term liabilities

5,000
5,000
5,869
800
654
17,324

5,000
5,000
6,319
786
656
17,762TOTAL LIABILITIES

30,68330,770Shareholders’ Equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity

9,532
12,886
31,844(312)53,951

9,532
12,886
31,777(322)
53,874

Accumulated Other Comprehensive Income:Net unrealized holding gains on available-for-salesecurities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income

2,619
(230)
122,401

2,165
53272,246

17−

TOTAL NET ASSETS

56,37056,121TOTAL LIABILITIES AND NET ASSETS

87,05386,891

NET ASSETS

Minority interests

6(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the first quarter ended June 30, 2014 and 2013

Millions of yen
June 30,2014
Net Sales
Cost of Sales

June 30,2013

Gross Profit
Selling, General and Administrative Expenses

11,017
7,610
3,406
2,468

9,547
6,890
2,656
2,190

Operating Income

937

466

1066−
49
126

252
408
68532

Ordinary Income

33
133
35
201
862

43−
2669929

Income before Income Taxes

862929

376
485
7478

(22)
952
−
952

Non-Operating Income:Interest income
Dividend income
Foreign currency translation gainOthers

Non-Operating Expenses:
Interest expenses
Foreign currency translation lossOthers

Income TaxesIncome before Minority Interests
Minority Interests in Income
Net Income

7Consolidated Statements of Comprehensive Income
For the first quarter ended June 30, 2014 and 2013

Millions of yen
June 30,2014

June 30,
2013

Income before Minority Interests
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 Other Comprehensive Income
Comprehensive Income

485

952

454−(284)(15)
154640

552
(0)
593−
1,145
2,098

Comprehensive income attributable to:Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests633
7

2,098−8

(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.

9