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

February 12, 2021

Consolidated Financial Reportfor the Third 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:
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, 2021
－None
None

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

1. Consolidated Operating Performance for the Nine-month Period Ended December 31, 2020
(From April 1, 2020 to December 31, 2020)(1) Results of Consolidated Operations(Millions of yen)

December 31, 2020
December 31, 2019

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange31,06236,384(14.6)(16.4)(889)1,156―(67.6)

(774)
1,191

―
(68.5)

Note: Comprehensive income
Nine-month period ended December 31, 2020:
785 million yen
58.1 %
Nine-month period ended December 31, 2019:
496 million yen(10.0) %: 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, 2020
December 31, 2019

Profitattributable toowners ofparent(438)474PercentagechangeEarnings
per share(Yen)―(82.1)(6.13)
6.61

1

Dilutedearnings
per share(Yen)－6.58

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the third Quarter Ended December 31, 2020

(2) Consolidated Financial Position
Total assets(Millions of yen)
Equity ratio
Net assets(%)
per share (Yen)
58.2
805.65
58.4
796.63

Net assets

December 31, 2020
98,081
57,223
March 31, 2020
98,11857,439Reference: Shareholders’ equity
As of December 31, 2020: 57,075 million yen
As of March 31, 2020:
57,291 million yen

2. Dividends(Yen)
Base date
2021(Forecast)
20212020

June 30

September 30

Dividends per share
December 31

－－

4.00
7.50

－－March 31
4.00

Full Fiscal Year
8.00

5.00

12.50

Note: Change in the current three-month period ended December 31, 2020, to dividend forecast: None

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

Year ending March31, 2021

Year ending March31, 2021

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profit(Millions of yen)
Percentagechange43,000

(9.4)

(700)

―

(500)

―

Profitattributable toowners ofparent

PercentagechangeEarnings
per share
(Yen)

(200)

―(2.80)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.
Notes: Change in the current three-month period ended December 31, 2020, to consolidated operating performance
forecast: Yes2NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the third Quarter Ended December 31, 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:

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, 2020:
As of March 31, 2020:

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

Number of treasury stock
As of December 31, 2020:
As of March 31, 2020:

2,657,905 shares
1,584,793 shares

Average number of shares outstanding at period-end
Nine-month period ended December 31, 2020:
Nine-month period ended December 31, 2019:

71,445,321 shares
71,770,122 shares

Note: The number of treasury stock as of the fiscal year-end includes Nippon Thompson shares held by the share-issuing trust
account for executives and by the employee stock ownership plan (ESOP) trust account (1,662,300 shares as of 3Q
FY2021 and 121,700 shares as of March 31, 2020). In the calculation of the average number of shares during the fiscalyear (cumulative for the quarter), Nippon Thompson shares held by the share-issuing trust account for executives andthe ESOP trust account are included in excluded treasury stock (852,644 shares as of 3Q FY2021 and 265,388 shares
as of 3Q FY2020).

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, February 12, 2021. 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 third Quarter Ended December 31, 2020

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of December 31, 2020 and March 31, 2020
Millions of yen
March 31,December 31,2020
2020

ASSETS
Current Assets:
Cash and deposits
Notes and accounts receivable-tradeFinished products
Material in process
Raw material
OthersLess: 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

14,694
11,165
15,617
10,383
6,702
1,154
(17)
59,69912,924
11,671
16,196
11,122
6,414
2,624(14)60,94011,532
13,101
24,634
1,786

11,50013,242
24,742
2,107

8,749
3,267
(56)
11,96038,381

6,708
3,675
(56)
10,32837,17898,081

98,118NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the third Quarter Ended December 31, 2020

Millions of yen
March 31,December 31,2020
2020

LIABILITIESCurrent 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

6,435
1,200
5,000
4,398
141
47－
3,929
21,151

7,832
1,200
－
4,130
225
63
170
4,132
17,754

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

10,000
8,385
17
1,303
19,70615,000
6,876
33
1,014
22,92440,85740,679

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

9,533
12,88633,817(1,097)55,1399,533
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

2,821
0(792)
(93)
1,935
148

1,365
0(494)
(160)
711
148

TOTAL NET ASSETS

57,22357,439TOTAL LIABILITIES AND NET ASSETS

98,081

98,118TOTAL LIABILITIESNET ASSETS

5NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the third Quarter Ended December 31, 2020

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income

For the nine-month period ended December 31, 2020 and 2019
Millions of yen
December 31,
December 31,
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
Subsidies for employment adjustment
Others

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

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

6

31,062
22,6228,440
9,330

36,384
24,812
11,572
10,416(889)

1,156

13
134
87
278
187
702

12
192
122－
228
556

89
33
215
193
55
587

71
42
338
－
69
521(774)

1,191

24
24

5252(749)

1,244(311)(438)－(438)

758
485
11474

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the third Quarter Ended December 31, 2020

Consolidated Statements of Comprehensive Income

For the nine-month period ended December 31, 2020 and 2019
Millions of yen
December 31,
December 31,20192020
Profit(Loss)
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

(438)

485

1,455(0)
(298)
66
1,223
785323
(2)
(292)
(16)
11496

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

785－481157

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the third Quarter Ended December 31, 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 third 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.

(6) Additional Information
Accounting Estimates on the Impact of COVID-19
With the spread of COVID-19, although the Group was impacted by a decrease in net sales caused bylower orders and other factors, we made various accounting estimates assuming that the demand
recovery trend that appeared in the third quarter would continue going forward.

8