NI PPON THO MPSON CO., LTD.
C o r p o r a t e He a d q u a r t e r s : To k y oListed Code: 6480
L i s t e d S t o c k E x c h a n g e : To k y o(URL: https://www.ikont.co.jp/eg/)August 10, 2022

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2023
<Japanese GAAP>
Representative: Shigeki Miyachi, President and Representative Director
For further information contact: Takanori Kojima, General Manager of Accounting Department
Telephone: +81-3-3448-5824
Scheduled Date to Submit Quarterly Annual Securities Report:
Scheduled Date of Payment for Dividends:
Preparation of Supplementary Explanation Material for Quarterly Financial Results:
Holding of Presentation Meeting for Quarterly Financial Results:

August 10, 2022
－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, 2023
(From April 1, 2022 to June 30, 2022)(1) Results of Consolidated Operations(Millions of yen)

June 30, 2022
June 30, 2021

Net sales

PercentagechangeOperating
profitPercentagechangeOrdinary
profitPercentagechange16,76014,673

14.2
38.2

1,872
834

124.5
－

3,215
1,006

219.3
－Notes: Comprehensive income
Three-month period ended June 30, 2022: 3,202 million yen
179.6 %
Three-month period ended June 30, 2021: 1,145 million yen
172.7 %
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, 2022
June 30, 2021

Profitattributable toowners ofparent
2,139
1,178

PercentagechangeEarnings
per share(Yen)

81.5－30.11
16.63

1

Dilutedearnings
per share(Yen)
29.99
16.56

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2022

(2) Consolidated Financial Position
Total assets

Net assets

June 30, 2022
110,232
March 31, 2022
107,078
Reference: Shareholders’ equity
As of June 30, 2022:
As of March 31, 2022:

66,67963,974(Millions of yen)
Net assets
per share (Yen)
936.05898.58Equity ratio
(%)
60.4
59.6

66,558 million yen
63,829 million yen

2. Dividends(Yen)
Base dateJune 30

Dividends per share
December 31－

September 30
8.00

March 31
8.00

Full Fiscal Year
16.00

2023(Forecast)
2023
－2022
6.00
7.00
－－Note: Change in the current three-month period ended June 30, 2022, to dividend forecast: None

13.00

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2023

Six-month period ending
September 30, 2022
Year ending March31, 2023

Six-month period ending
September 30, 2022
Year ending March31, 2023

Net salesPercentagechangeOperatingprofitPercentagechangeOrdinaryprofit(Millions of yen)
Percentagechange32,500

8.0

3,700

63.9

3,900

53.9

66,000

6.0

7,600

28.8

8,000

6.8

Profitattributable toowners ofparent

PercentagechangeEarnings
per share(Yen)

2,700

24.3

37.99

5,500

33.0

77.34

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.
: Change in the current three-month period ended June 30, 2022, to consolidated operating performance
forecast: None2

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2022

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 restatementsChanges 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 June 30, 2022:
As of March 31, 2022:

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

Number of treasury stock
As of June 30, 2022:
As of March 31, 2022:

2,396,033 shares
2,467,133 shares

Average number of shares outstanding at period-end
Three-month period ended June 30, 2022:
Three-month period ended June 30, 2021:

71,066,392 shares
70,893,984 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 (1,452,300 shares as of 1Q FY
2023 and 1,477,400 shares as of March 31, 2022). In the calculation of the average number of shares during the fiscal year
(cumulative for the quarter), Nippon Thompson shares held by the share-issuing trust account for executives and the ESOP
trust account are included in excluded treasury stock (1,460,633 shares as of 1Q FY 2023 and 1,618,099 shares as of 1QFY 2022).

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 10, 2022. 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, 2022

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of June 30, 2022 and March 31, 2022
Millions of yen
March 31,
June 30,
2022
2022

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

19,481
17,644
15,071
11,642
8,557
1,116
(7)
73,50618,001
17,15914,393
12,773
6,408
1,682
(7)
70,412

10,184
12,55922,743
1,064

10,338
12,22722,565
1,093

8,278
4,676
(36)
12,91736,725

9,021
4,022
(36)
13,006
36,666110,232

107,078

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2022

Millions of yen
March 31,June 30,2022
2022

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

11,982
－
4,175
1,788
17
5,707
23,67011,845
2,200
3,455
2,182
85
5,034
24,802

Non-Current Liabilities:
Corporate bonds
Long-term borrowings
Net defined benefit liabilities
Provision for share-based remuneration for directors
OthersTotal non-current liabilities

10,000
8,706
2190
1,063
19,882

10,000
6,928
20
79
1,273
18,301TOTAL LIABILITIES

43,552

43,104

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

9,533
12,886
39,514(991)
60,942

9,533
12,88637,881(1,024)59,276

Accumulated Other Comprehensive Income:
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares

2,494
3,077
43
5,615
121

3,017
1,470
65
4,552
144

TOTAL NET ASSETS

66,67963,974TOTAL LIABILITIES AND NET ASSETS

110,232

107,078

NET ASSETS

5NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2022

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the three-month period ended June 30, 2022 and 2021

Millions of yen
June 30,
June 30,2021
2022
Net Sales
Cost of Sales

16,760
11,232
5,527
3,655

14,673
10,594
4,079
3,245

1,872

834

10131
1,120－
118
1,379

48567
267425924－
123732322186

Ordinary Profit

3,215

1,006

Profit Before Income Taxes

3,215
1,075
2,139－
2,139

1,006
(171)
1,178－
1,178

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

Non-Operating Expenses:
Interest expenses
Bond issuance costs
OthersIncome Taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

6NIPPON THOMPSON CO., LTD. (6480)Financial Results for the First Quarter Ended June 30, 2022

Consolidated Statements of Comprehensive Income
For the three-month period ended June 30, 2022 and 2021

Millions of yen
June 30,June 30,2021
2022
ProfitOther Comprehensive Income:Net unrealized holding gains on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total Other Comprehensive Income
Comprehensive Income
Breakdown:Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

72,1391,178(522)1,607(22)1,062
3,202(220)
195(8)(33)
1,145

3,202－

1,145－NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2022

(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 first quarter, and multiplying profit before income
taxes by said estimated effective tax rate.

8