NIPPON THOMPSON CO., LTD.
C o r po r at e He ad q u art e rs : To ky o
Listed 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/)

May 12, 2022

Consolidated Financial Reportfor the Fiscal Year Ended March 31, 2022
<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 of Ordinary General Meeting of Shareholders:
Scheduled Date to Submit Annual Securities Report:
Scheduled Date to Begin Dividend Payments:
Preparation of Supplementary Explanation Material for Financial Results:
Holding of Presentation Meeting for Financial Results:

June 27, 2022
June 27, 2022
June 28, 2022
Yes
Yes (Targeted at institutional investors and analysts)

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

1. Consolidated Operating Performance for the Fiscal Year Ended March 31, 2022
(From April 1, 2021 to March 31, 2022)(1) Results of Consolidated Operations
Years ended March 31, 2022 and 2021
Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange(Millions of yen)
Profitattributable Percentage
to ownerschangeof parent
4,134
－
215
－

2022
62,284
40.5
5,898
―
7,488
―
2021
44,342
(6.6)
(559)
225
(82.2)―
Notes: Comprehensive income
Fiscal year ended March 31, 2022: 5,214 million yen
75.1%
Fiscal year ended March 31, 2021: 2,977 million yen－%: 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.
Earnings
Diluted earnings per
Return on equity
per share
share
(%)
(Yen)
(Yen)
2022
58.27
58.04
6.7
2021
3.02
3.01
0.4
Reference: Equity in earnings of affiliates
Fiscal year ended March 31, 2022:－ million yen
Fiscal year ended March 31, 2021:－ million yen
1

Ordinary profit tototal assets
(%)
7.2
0.2

Operating profit to
net sales
(%)
9.5
(1.3)

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

(2) Consolidated Financial Position
Years ended March 31, 2022 and 2021
Total assets

Net assets

Equity ratio
(%)

2022
107,078
63,97459.6
2021
100,946
59,425
58.7
Reference: shareholders’ equity
Fiscal year ended March 31, 2022: 63,829 million yen
Fiscal year ended March 31, 2021: 59,276 million yen(3) Consolidated Cash Flows
Years ended March 31, 2022 and 2021
Operating
Investingactivities
activities
2022
10,265(2,100)2021
5,658(3,007)

Financing
activities(6,442)(412)(Millions of yen)
Net assets
per share(Yen)
898.58836.43(Millions of yen)
Cash and cash
equivalents
17,847
15,346

2. Dividends

Base date2023(Forecast)
2022
2021

June 30
(Yen)
－
－
－

Base date

Total dividends(Full fiscal year)(Millions of yen)2023(Forecast)
2022
2021

942
580

Dividends per share
December 31
(Yen)
－
－
－

September 30
(Yen)
8.00
6.00
4.00
Dividends payout
ratio(Consolidated)
(%)
20.7
22.3
264.9

Dividends on
net assets(Consolidated)
(%)
1.5
1.0

2

March 31
(Yen)
8.00
7.00
4.00

Full fiscal year
(Yen)
16.00
13.00
8.00

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2023
Six-month period ending September 30, 2022, and the fiscal year ending March 31, 2023
Percentage
Operating
Percentage
Net saleschangeprofitchangeSix-month period ending
32,500
8.0
3,700
63.9
September 30, 2022
Year ending March
66,000
6.0
7,600
28.8
31, 2023
Profitattributable toowners ofparentPercentagechangeOrdinary
profit(Millions of yen)
Percentagechange

3,900

53.9

8,000

6.8

Earnings
per share(Yen)

Six-month period ending
2,700
24.3
37.99
September 30, 2022
Year ending March
5,500
33.0
77.34
31, 2023
Note: 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.

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) 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:

Yes
None
None
None

Note: For further details, please refer on page 17.
(3) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
Fiscal year ended March 31, 2022:
73,501,425 sharesFiscal year ended March 31, 2021:
73,501,425 shares
Number of treasury stock
Fiscal year ended March 31, 2022:
2,467,133 sharesFiscal year ended March 31, 2021:
2,632,602 shares
Average number of shares outstanding at period-end
Fiscal year ended March 31, 2022:
70,962,924 sharesFiscal year ended March 31, 2021:
71,299,324 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 (1,477,400 shares as of March 31,
2022 and 1,636,800 shares as of March 31, 2021). 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 (1,548,974 shares as of March 31, 2022 and 1,050,575 shares as ofMarch 31, 2021).
3

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

Reference: Non-consolidated Operating Performance for the Fiscal Year Ended March 31, 2022
(From April 1, 2021 to March 31, 2022)(1) Results of Non-consolidated Operations
Years ended March 31, 2022 and 2021
Net sales

Percentagechange(Millions of yen)
OperatingprofitPercentagechangeOrdinary
profitPercentagechangeProfit2022
52,518
46.2
4,875
―
6,720
―
920
2021
35,924(9.0)(2,442)(1,535)(1,292)――
Note: Percentage change for net sales, operating profit, ordinary profit, and profit indicate percentage increase/decrease
compared to the same period in the previous year.

2022
2021

Earnings
per share
(Yen)
12.97
(18.12)――

Diluted earnings
per share
(Yen)
12.92
―

(2) Non-consolidated Financial Position
Years ended March 31, 2022 and 2021
Total assets

PercentagechangeNet assets

Equity ratio
(%)

2022
90,32051,27356.6
2021
89,984
51,42757.0
Reference: shareholders’ equity
Fiscal year ended March 31, 2022: 51,128 million yen
Fiscal year ended March 31, 2021: 51,278 million yen(Millions of yen)
Net assets
per share(Yen)
719.77723.57

These consolidated financial report are not subject to audit.
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, May 12, 2022. Accordingly, for a wide variety of reasons, there remains the possibility that
actual performance results may differ from projections. For performance forecasts, please refer to “5. Operating Results andFinancial Position (4) Outlook” on page 7.

4

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

5. Operating Results and Financial Position(1) Analysis of Operating Results
In the consolidated fiscal year ended March 31, 2022, although uncertainty persisted due to the emergence of COVID-19 variants
creating new waves of infections, economic activity resumed and showed a moderate trend toward recovery due to widespread
vaccinations and the effects of various countries’ government policies.
Under these circumstances, the Group launched the "IKO Medium-term Business Plan 2023～Deepening, Expanding,
Embracing Change～". We have taken various measures to solve key issues with the aim of achieving stable profit and sustainablegrowth under the following policies: "Deepening: Deepening Existing Businesses", "Expanding: Expanding New technologies
and New markets"," Embracing Change: Behavior Change・Organizational Capacity Change・Digital Transformation".
From a sales perspective, the Group carried out sales activities employing digital tools while partially resuming its
schedule for participation in exhibitions at home and abroad in a way that gives due consideration to the status of the COVID-19
pandemic. In these and other ways, we focused on deepening trade with existing customers as well as developing new markets
and customers. Amid a continuous and substantial stream of orders, we worked closely with the production division to strengthen
our ability to meet delivery deadlines.
In terms of product development, the Rotary Stage SK…W, which offers high accuracy, high rigidity, and a low
profile; the Linear Motor Table LT with high-thrust specifications; and the expansion of our lineup of mechatronics products toinclude drivers compatible with the Nano Linear NT. In addition, we introduced the smallest size yet in the ultra-compact Linear
Way L Series (wide rail type) linear motion rolling guides to enhance our lineup of high-value-added products that meet
diversifying customer needs.
From a production standpoint, a continuous and substantial stream of orders, we upgraded our supply system indomestic factories and at IKO THOMPSON VIETNAM CO.,LTD which is a production subsidiary, and worked hard to improvethe efficiency of our production system across the entire Group, including the supply chain.
Turning to the Group’s operational results, in the domestic market, sales increased mainly for electronics-related
devices such as semiconductor manufacturing equipment and electronic components mounting equipment as well as machine
tools. In North America, sales increased due to strong demand for general industrial machinery, including medical equipment andprecision machinery, electronics-related devices as well as for commercial applications. Sales also expanded in Europe,
particularly for general industrial machinery such as precision machinery, electronics-related devices and commercial applications.
In China, demand for capital investment was strong, and sales increased. Sales also positively reflected a recovery in demand inother regions, such as ASEAN including Singapore and Malaysia, and South Korea.
As a result, consolidated net sales for the fiscal year under review totaled ¥62,284 million, up 40.5% year on year. On
the earnings front, due in part to the increase in sales and a rise in production, operating profit came to ¥5,898 million, comparedwith operating loss of ¥559 million for the corresponding period of the previous fiscal year. Ordinary profit came to ¥7,488 million,
due to the recording foreign exchange gains, compared with ordinary profit of ¥225 million for the corresponding period of theprevious fiscal year. And profit attributable to owners of the parent amounted to ¥4,134 million, due to the recording impairment
losses, compared with profit attributable to owners of the parent of ¥215 million for the previous fiscal year.
5

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

In the consolidated fiscal year under review, net production of Needle Roller Bearings and Linear Motion Rolling
Guides was ¥57,166 million based on average sales price, up 51.5% year on year. And, net orders of Needle Roller Bearings,
Liner Motion Rolling Guides and Machine Components were up 53.0% to ¥78,548 million.
Because the Group manufactures and sells Needle Roller Bearings, Linear Motion Rolling Guides and Machine
Components on an integrated basis, disclosure of segment information has been omitted. Sales of Needle Roller Bearings andLinear Motion Rolling Guides totaled ¥55,944 million, 41.4% increase compared with the corresponding period of the previous
fiscal year. Sales of Machine Components rose 32.7% to ¥6,340 million.
Business Segment Information
March 31,
2022
Millions of Component
Yenpercentages
Needle Roller Bearings, Linear
Motion Rolling Guides
Machine Components
Total net sales

March 31,
2021
Millions ofComponent
Yenpercentages

ChangeMillions ofyen

Percentagechange55,94489.8

39,56589.2

16,37841.4

6,340
62,284

10.2
100.0

4,776
44,342

10.8
100.0

1,563
17,942

32.7
40.5(2) Summary of Financial Position
Total assets as of March 31, 2022, totaled ¥107,078 million, an increase of ¥6,132 million compared with the end of the previous
fiscal year. This mainly comprised increases in cash and deposits of ¥2,512 million, notes and accounts receivable-trade of ¥3,626
million and inventories of ¥2,089 million as well as decrease in tangible fixed assets of ¥1,960 million.
Total liabilities amounted to ¥43,104 million, an increase of ¥1,582 million compared with the end of the previous
fiscal year. This mainly comprised increases in notes and accounts payable-trade of ¥4,071 million, short-term borrowings of¥1,000 million, accrued expenses of ¥766 million and income taxes payable of ¥1,784 million as well as decreases in corporate

bonds of ¥5,000 million and long-term borrowings of ¥1,466 million.
Total net assets amounted to ¥63,974 million, an increase of ¥4,549 million compared with the end of the previous
fiscal year. This mainly comprised an increases in retained earnings of ¥3,410 million and foreign currency translation adjustmentsof ¥1,520 million as well as decrease in valuation difference on available-for-sale securities of ¥407 million.

(3) Summary of Cash Flows
Cash and cash equivalents at the end of the fiscal year under review totaled ¥17,847 million, an increase of ¥2,500 million
compared with the end of the previous fiscal year.
Cash Flows from Operating Activities
Net cash provided by operating activities was ¥10,265 million. The major inflows were profit before income taxes of ¥5,987
million, depreciation and amortization of ¥3,885million, as well as an increase in trade payables of ¥3,559 million, while the major
outflow was an increase in trade receivables of ¥3,105 million.

6

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

Cash Flows from Investing Activities
Net cash used in investing activities totaled ¥2,100 million. The major outflows were purchase of property, plant and equipmentof ¥1,797 million, as well as payments for purchase of insurance funds of ¥365 million.
Cash Flows from Financing Activities
Net cash used in financing activities totaled ¥6,442 million. The major inflows were proceeds from long-term borrowings of¥4,000 million and proceeds from issuance of bonds of ¥5,000 million, while the major outflows were repayments of long-termborrowings of ¥5,466 million and redemption of bonds of ¥10,000 million.

The trend of cash flow indices is as follows:

Equity ratio (%)
Equity ratio on market value basis (%)
Debt repayment period (Years)
Interest coverage ratio (Times)

For the periods ended
March 31,
March 31,
2021
2020
58.7
58.4
46.5
27.0
5.0
－
49.3
－

March 31,
2022
59.6
35.9
2.2
86.8

March 31,
2019
59.1
35.9
4.2
60.0

Notes:
Equity ratio:

Total shareholders’ equity / total assets

Equity ratio on market value basis:

Aggregate market value of common stock / total assets

Debt repayment period:

Interest-bearing liabilities / cash flows from operating activities

Interest coverage ratio:
Cash flows from operating activities / interest payments
1. All indices based on consolidated financial figures.
2. Aggregate market value of common stock:Market price at the period-end x number of shares outstanding at the period-end (excluding treasury stock)
3. Cash flows from operating activities corresponds to the cash flow from operating activities in the consolidated statement of cash
flows. Interest-bearing liabilities include all liabilities reported on the consolidated balance sheet for which the Group is paying
interest. Interest payments correspond to the interest paid in the consolidated statement of cash flows.

(4) Outlook

Regarding the forecast for the current fiscal year, although there is uncertainty about the future due to the prolonged spreadof COVID-19 and soaring raw material and energy prices associated with the worsening situation in Ukraine, capital
investment demand, especially for electronics-related equipment, is expected to remain firm.
In light of these economic conditions, the Group is forecasting consolidated net sales of ¥66,000 million,
operating profit of ¥7,600 million, ordinary profit of ¥8,000 million and profit attributable to owners of parent of ¥5,500
million for the year ending March 31, 2023.

7

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

(5) Fundamental Earnings Distribution Policy and Dividends for the Current and Next Fiscal Periods
With regard to the distribution of profits, Nippon Thompson Co., Ltd. (the “Company”) positions the return of profits toshareholders as one of its major management issues, having as its basic policy continuing stable dividends while taking
performance levels into overall consideration.
In addition, while giving heed to such factors as the future business environment, the Group intends to retain sufficientinternal reserves. Specifically in this regard, the Group works to strengthen its management base and improve earnings power tomaximize corporate value. Simultaneously, it reviews production systems that respond to rapid technological innovation andfluctuating demand and makes such investments as new product development.
In keeping with the basic policy and as a result of a general review of, for example, the level of performance over the
fiscal year and internal reserves, the Company plans a year-end dividend of ¥7.0 per share. Including the interim dividend of ¥6.0
per share, the planned full-year dividend payment ¥13.0 per share.
The Company is forecasting a dividend of ¥16.0 per share (including an interim dividend of ¥8.0 per share) for the
fiscal year ending March 31, 2023.

6. Basic Stance on Selection of Accounting Methods

The Group applies “Japanese GAAP” to facilitate the comparison of consolidated financial statements with different reporting
periods.
As for the adoption of “International Financial Reporting Standards (IFRS)”, the Group maintains a policy ofcontinuing to appropriately respond to the situation going forward.

8

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

7. Consolidated Financial Statements(1) Consolidated Balance Sheets
As of March 31, 2022 and 2021
Millions of yen
March 31,
March 31,
2021
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:
Buildings and structures
Machinery and vehicles
Tools and fixtures
Land
Lease assets
Construction in progress
OthersTotal tangible fixed assets
Intangible fixed assets:
Goodwill
OthersTotal intangible fixed assets
Investments and other assets:
Investment securities
Deferred tax assets
OthersLess: Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
TOTAL ASSETS

918,001
17,15914,393
12,773
6,408
1,682
(7)
70,412

15,48913,533
14,517
10,576
6,391
1,413
(7)
61,914

6,843
10,338
782
2,983
464
168
984
22,565

7,477
11,608
914
2,951
511
256
806
24,526

－
1,093
1,093

211
1,490
1,702

9,021
1,438
2,583
(36)
13,006
36,666

9,619
823
2,411
(51)
12,80339,032

107,078

100,946

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

Millions of yen
March 31,
March 31,
2021
2022

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

11,845
2,200
－
3,455
358
2,906
2,182
85
1,769
24,8027,773
1,200
10,000
5,047
277
2,139
398
55
1,514
28,405

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

10,000
6,928
917
255
20
79
100
18,301

5,000
6,803
894
266
19
37
93
13,115

43,104

41,521

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

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

9,533
12,88634,471(1,087)55,803

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

3,017
1,470
65
4,552
144

3,424
(50)
99
3,473
148

TOTAL NET ASSETS

63,97459,425TOTAL LIABILITIES AND NET ASSETS

107,078

100,946

TOTAL LIABILITIESNET ASSETS

10NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
Years ended March 31, 2022 and 2021
Millions of yen

March 31,2022
Net Sales
Cost of Sales
Gross Profit
Selling, General and Administrative Expenses
Operating Profit(Loss)
Non-Operating Income:Interest income
Dividend income
Foreign exchange gains
Insurance income
Subsidies for employment adjustment
Others
Non-Operating Expenses:
Interest expenses
Sales discounts
Bond issuance costs
Loss on retirement of fixed assets
Furlough expenses
OthersOrdinary Profit
Extraordinary income:Gain on sales of investment securities
Extraordinary Losses:
Impairment losses

Profit Before Income Taxes
Income Taxes:
Current
Income taxes for prior periods
DeferredProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

11

March 31,2021

62,28442,947
19,337
13,43844,342
32,696
11,645
12,204

5,898

(559)

39
204
1,219
40
－
293
1,797

17
158
399
97
271
252
1,196

122
－
32
23
－
28
206

117
45
－
22
194
32
411

7,488

225

28
28

24
24

1,529
1,529

125
125

5,987

125

1,979
271
(398)
1,852
4,134
－
4,134

284
－
(374)
(90)
215
－
215

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

Consolidated Statements of Comprehensive Income
Years ended March 31, 2022 and 2021
Millions of yen
March 31,
March 31,
2021
2022
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
Breakdown:Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

12

4,134

215

(407)
－
1,520
(33)
1,079
5,214

2,058
(0)
443
259
2,761
2,977

5,214
－

2,977
－

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

(3) Statement of Changes in Consolidated Shareholders’ Equity

For the fiscal year ended March 31, 2022
(Millions of yen)
Shareholders’ Equity
Common stock
As of April 1, 2021
Changes during the period
Cash dividends

Profit attributable to ownersof parent
Acquisition of treasury
stock
Disposal of treasury stock
Net changes in items otherthan shareholders’ capital
Total changes during the period
As of March 31, 2022

CapitalSurplusRetainedearnings

Total
shareholders’equityTreasury stock

9,533

12,88634,471(1,087)55,803

－

－

(725)

－

(725)

－

－

4,134

－

4,134

－

－

－

(0)

(0)

－

－

0

63

64

－

－

－

－

－

－
9,533

－
12,8863,410
37,88163(1,024)

3,473
59,276

Accumulated other comprehensive income

Net unrealized
holding gains onavailable-forsale securities

Foreign currencytranslation
adjustments

Remeasurements of defined
benefit plans

Total Accumulated
other comprehensive
incomeSubscription rights
to shares

Total
net assets

3,424

(50)

99

3,473

148

59,425

Cash dividends

－

－

－

－

－

(725)

Profit attributable to ownersof parent
Acquisition of treasury
stock

－

－

－

－

－

4,134

－

－

－

－

－

(0)

Disposal of treasury stock

－

－

－

－

－

64

Net changes in items otherthan shareholders’capital

(407)

1,520

(33)

1,079

(3)

1,075

Total changes during the period

(407)

1,520

(33)

1,079

(3)

4,549

As of March 31, 2022

3,017

1,470

65

4,552

144

63,974As of April 1, 2021
Changes during the period

13

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

For the fiscal year ended March 31, 2021
(Millions of yen)
Shareholders’ Equity
Common stock
As of April 1, 2020
Changes during the period
Cash dividends

Profit attributable to ownersof parent
Acquisition of treasury
stock
Disposal of treasury stock
Net changes in items otherthan shareholders’ capital
Total changes during the period
As of March 31, 2021

CapitalSurplusRetainedearnings

Total
shareholders’equityTreasury stock

9,533

12,88634,988(828)

56,579

－

－

(650)

－

(650)

－

－

215

－

215

－

－

－

(649)

(649)

－

－

(82)

390

307

－

－

－

－

－

－
9,533

－
12,886(517)
34,471(259)(1,087)(776)
55,803

Accumulated other comprehensive income

Deferred gains
or losses onhedges

1,365

0

(494)

(160)

711

148

57,439Cash dividends

－

－

－

－

－

－

(650)

Profit attributable toowners of parent
Acquisition oftreasury stock
Disposal of treasurystock
Net changes in items
other thanshareholders’ capital
Total changes during theperiod

－

－

－

－

－

－

215

－

－

－

－

－

－

(649)

－

－

－

－

－

－

307

2,058

(0)

443

259

2,761

－

2,761

2,058

(0)

443

259

2,761

－

1,985

3,424

－

(50)

99

3,473

148

59,425

As of April 1, 2020

Foreigncurrencytranslation
adjustments

Total
Accumulated
othercomprehensiv
e income

Net unrealized
holding gains onavailable-forsale securities

Remeasurements of defined
benefit plans

Subscription
rights to sharesTotal
net assets

Changes during theperiodAs of March 31, 2021

14

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

(4) Consolidated Statements of Cash Flows
Years ended March 31, 2022 and 2021
Millions of yen
March 31,2022

March 31,2021

Cash Flows from Operating Activities:
Profit before income taxes

5,987

125

Depreciation and amortization

3,885

3,833

(15)

(11)

1,529

125

Increase (Decrease) in net defined benefit liabilities

(60)

(43)

Interest and dividend income

(243)

(175)

Interest expenses

122

117

Loss on retirement of fixed assets

23

22

Foreign exchange losses (gains)

(752)

(246)

Decrease (Increase) in trade receivables(3,105)(1,605)Decrease (Increase) in inventories(1,021)

2,637

Decrease (Increase) in other accounts receivable

(291)

513

Increase (Decrease) in trade payables

3,559

(329)

Increase (Decrease) in accrued expenses724

2

Others-net

335

69

Subtotal

10,6775,035Interest and dividend income received

243

175

Interest expenses paid

(118)

(114)

Income taxes refund (paid)

(537)

562

10,265

5,658

Increase (Decrease) in allowance for doubtful accounts
Impairment losses

Net cash provided by (used in) operating activities

15

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

Millions of yen
March 31,2022

March 31,2021

Cash Flows from Investing Activities:
Payments for purchase of property,
plant and equipment(1,797)(2,950)

Payments for purchase of intangible assets

(176)

(157)

(8)

(30)

Payments for purchase of insurance funds

(365)

(326)

Proceeds from cancellation of insurance funds

231

490

Others-net

16

(33)

(2,100)(3,007)

Net increase (decrease) in short-term borrowings

1,000

－

Proceeds from long-term borrowings

4,000

5,501

Repayments of long-term borrowings(5,466)(4,657)

Proceeds from issuance of bonds

5,000

－

Redemption of bonds(10,000)－

Cash dividends paid

(725)

(650)

(0)

(649)

Others-net

(249)

42

Net cash provided by (used in) financing activities(6,442)(412)

Effect of exchange rate change on
cash and cash equivalents

777

261

Net increase (decrease)in cash and cash equivalents

2,500

2,498

Cash and cash equivalents at beginning of year

15,346

12,847

Cash and cash equivalents at end of year

17,847

15,346

Payments for purchase of investment securities

Net cash provided by (used in) investing activities
Cash Flows from Financing Activities:

Payments for purchase of treasury stock

16

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

(5) Notes(Notes on the Premise of a Going Concern)
There are no applicable articles.
(Changes in accounting policies)
Adoption of Accounting Standard for Revenue Recognition
The Company has adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020)
from the beginning of the current consolidated fiscal year under review, and recognizes revenue for goods or services based on
the amount estimated to be received in exchange for such goods or services at the point when control of the promised goods orservices is transferred to the customer.
As a result of this adoption, expenses (other than payments for individual goods or services) included in sales promotion
expenses, which previously had been recorded as selling, general and administrative expenses, and sales discounts, which
previously had been recorded as operating expenses, are processed under net sales as decreases in transaction prices.
The adoption of the Accounting Standard for Revenue Recognition is subject to the transitional treatment provided for in theproviso to Paragraph 84 of the Accounting Standard for Revenue Recognition. This has had no impact on the balance of retained
earnings as of April 1, 2021.
The effects of these revisions on the consolidated statements of income for the current consolidated fiscal year are immaterial.

Adoption of Accounting Standard for Fair Value Measurement
The Company has adopted the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, July 4, 2019)from the beginning of the current fiscal year under review. The Company has prospectively adopted new accounting policies
based on the Accounting Standard for Fair Value Measurement in accordance with the transition provisions in Paragraph 19 of
the Accounting Standard for Fair Value Measurement and Paragraph 44-2 of the Accounting Standard for Financial Instruments(ASBJ Statement No. 10, July 4, 2019). These changes have no impact on consolidated financial statements.

(Segment Information)
Because the Group manufactures and sells Needle Roller Bearings, Linear Motion Rolling Guides and Machine Components
on an integrated basis, the disclosure of segment information has been omitted.

17

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2022

(Per Share Information)

Yen
March 31,2021
836.433.02
3.01

March 31,2022
898.5858.27
58.04

Net assets per share
Earnings per share
Diluted earnings per share

Notes: 1. Basis for calculations of earnings per share and diluted earnings per share is as follows.

Millions of yen

Earnings per share
Profit attributable to owners of parent
Value not attributed to common stock
Profit attributable to owners of parent pertaining tocommon stock
Average number of shares outstanding at period-end
Diluted earnings per share
Adjustment value of profit attributable to owners of parent
Increase in number of shares outstanding(of which subscription rights to shares)
Residual shares not included in the calculation of diluted
earnings income per share because they have no dilutive effect

March 31,2022

March 31,
2021

4,134
－

215
－

4,134

215

70,962,924shares

71,299,324shares－
275,518 shares(275,518 shares)－
281,758 shares(281,758 shares)－－

Notes: 2. With regard to the computation of the number of shares outstanding at period-end, which is used to determine net
assets per share, and the average number of shares outstanding at period-end, which is used to determine earnings
per share for the period, the shares held by the share-issuing trust for executives and the ESOP trust are included intreasury stock.

(Important Subsequent Events)
There are no applicable articles.

18