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

February 12, 2019

Consolidated Financial Reportfor the Nine-Month Period Ended December 31, 2018
<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:
Scheduled Date to Begin Dividend Payments:
Preparation of Supplementary Explanation Material for Quarterly Financial Results:
Holding of Presentation Meeting for Quarterly Financial Results:

February 12, 2019
－None
None

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

1. Consolidated Operating Performance for the Nine-Month Period Ended December 31, 2018
(From April 1, 2018 to December 31, 2018)(1) Results of Consolidated Operations(Millions of yen)

December 31, 2018
December 31, 2017

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
ProfitPercentagechange43,545
40,107

8.6
25.3

3,566
1,335

167.0
112.9

3,786
1,436163.5
139.7

Note: Comprehensive income
Nine-month period ended December 31, 2018:551) million yen(83.5)8%
Nine-month period ended December 31, 2017:3,345) million yen
395.68%: Percentage change for net sales, operating profit, ordinary profit, and profit attributable to owners of parent indicate
percentage increase/decrease compared to the same period in the previous year.

December 31, 2018
December 31, 2017

Profitattributable toowners ofparent
2,648
1,335

PercentagechangeEarnings
per share(Yen)

98.2－37.0018.57

1

Dilutedearnings
per share(Yen)
36.91
18.54

The 3rd quarter of the fiscal year 2019(2) Consolidated Financial Position

December 31, 2018
March 31, 2018

Total assets

Net assets

99,67998,49359,03359,666

Reference: Shareholders’ equity
As of December 31, 2018:
As of March 31, 2018:

Equity ratio
(%)
59.0
60.1

(Millions of yen)
Net assets
per share (Yen)821.46828.26

58,840million yen
59,217 million yen

2. Dividends(Yen)
Dividends per share
Base dateJune 30

September 30

December 31

2019(Forecast)2019
2018－－

7.50
6.50－－March 31
7.50

Full Fiscal Year
15.00

6.50

13.00

Note: Change in the current three-month period ended December 31, 2018, to dividend forecast: None

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2019Year ending March
31, 2019

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profit(Millions of yen)
Percentagechange57,000

3.2

4,700

77.4

4,900

104.4

Profitattributable toowners ofparent

PercentagechangeEarnings
per share(Yen)Year ending March
3,300
96.6
46.10
31, 2019
Notes: Percentage change for net sales, operating profit, ordinary profit and profit attributable to owners of parent indicate
percentage increase/decrease compared to the same period in the previous year.
: Change in the current three-month period ended December 31, 2018, to consolidated operating performance
forecast: Yes

2

The 3rd quarter of the fiscal year 2019

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:

None
None
None
None

(4) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
As of December 31, 2018:
As of March 31, 2018:

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

Number of treasury stockAs of December 31, 2018:
As of March 31, 2018:

1,872,106 shares
2,005,532 shares

Average number of shares outstanding at period-end
Nine-month period ended December 31, 2018:
71,562,164 shares
Nine-month period ended December 31, 2017:
71,918,722 shares
Note: The number of treasury stock includes treasury stock held by the ESOP trust. This resulted in the addition to treasury
stock of 379,200 shares as of December 31, 2018 and 480,100 shares as of March 31, 2018. In addition, treasury
stock held by the ESOP trust is excluded from the calculation of the average number of shares outstanding atperiod-end, as is other treasury stock. The number of shares excluded from said calculation totaled 438,788 sharesfor the nine-month period ended December 31, 2018 and 57,488 shares for the nine-month period ended December
31, 2017.

These consolidated financial statements 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, February 12, 2019. Accordingly, for a wide variety of reasons, there remains
the possibility that actual performance results may differ from projections.

3The 3rd quarter of the fiscal year 2019

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of December 31, 2018 and March 31, 2018
Millions of yen
March 31,
December 31,
2018
2018

ASSETS
Current Assets:
Cash and deposits
Notes and accounts receivable-trade
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 assets
Total fixed assets
TOTAL ASSETS

4

15,01915,323
3,299
13,559
9,392
5,285
1,164
(35)
63,007

18,104
16,373－
11,734
8,713
5,095
1,301
(25)
61,296

9,622
11,892
21,5152,704

9,700
10,613
20,313
2,956

7,975
4,524
(48)
12,451
36,671

11,1192,856(48)
13,927
37,196

99,67998,493

The 3rd quarter of the fiscal year 2019

Millions of yen
March 31,December 31,
2018
2018

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

11,331
3,289
1,347
45
5,148
21,162

10,939
2,778
479
60
5,319
19,577Long-Term Liabilities:
Corporate bondLong-term loans payable
Net defined benefit liabilities
OthersTotal long-term liabilities

10,0008,852
15614
19,48310,000
8,516
15717
19,249TOTAL LIABILITIES

40,64538,827

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

9,533
12,87535,183(1,066)56,526

9,533
12,88733,544(1,169)54,795

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
Non-controlling interests2,285
2(36)
62
2,314
114
78

4,4500(154)
125
4,422
76
372

TOTAL NET ASSETS

59,03359,666TOTAL LIABILITIES AND NET ASSETS

99,67998,493

NET ASSETS

5

The 3rd quarter of the fiscal year 2019(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income

For the nine-month period ended December 31, 2018 and 2017
Millions of yen
December 31,
December 31,2017
2018
Net Sales
Cost of Sales

43,54529,863
13,681
10,114

40,107
28,842
11,264
9,928

3,566

1,335

13
208
248
469

916824041865
126
56249

101
176
38317

3,786

1,4360－036250286142
70
212－－－

Profit before Income Taxes

3,573

1,723

Income Taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

914
2,659
112,648

383
1,339
4
1,335

Gross Profit
Selling, General and Administrative Expenses
Operating Profit
Non-Operating Income:Interest income
Dividend income
Others

Non-Operating Expenses:
Interest expenses
Sales discounts
OthersOrdinary Profit
Extraordinary income:Gain on sales of fixed assets
Compensation for transfer

Extraordinary Losses:
Impairment lossLoss on valuation of investment securities

6The 3rd quarter of the fiscal year 2019

Consolidated Statements of Comprehensive Income

For the nine-month period ended December 31, 2018 and 2017
Millions of yen
December 31,
December 31,
2016
2018
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

2,659

1,339

(2,164)1118(62)(2,107)551

1,470(9)480632,005
3,345

Breakdown:Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

540
11

3,339
67

The 3rd quarter of the fiscal year 2019(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 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 profit before income taxes in the current consolidated fiscal year, including the third quarter, andmultiplying profit before income taxes by said estimated effective tax rate.

(6) Additional Information

The Group has adopted the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement NO.
28 on February 16, 2018), etc. from the beginning of the first quarter of the fiscal year under review. As a result, deferred tax
assets are presented in investments and other assets, and deferred tax liabilities are presented in non-current liabilities.

8