NIPPON THOMPSON CO., LTD.
Corporate Headquarters: Tokyo
Listed Code: 6480
Li sted Stock Exchange: Tokyo(URL: http://www.ikont.co.jp/eg/)August 10, 2018

Consolidated Financial Reportfor the First Quarter of the Fiscal Year Ending March 31, 2019
<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 10, 2018
－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, 2019
(From April 1, 2018 to June 30, 2018)(1) Results of Consolidated Operations(Millions of yen)

June 30, 2018
June 30, 2017

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange15,165
12,906

17.5
20.9

1,339
480

178.6
(24.5)

1,545
514

200.5
735.2Note: Comprehensive income
Three-month period ended June 30, 2018: ( 630) million yen(48.1) %Three-month period ended June 30, 2017: (1,215) 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.

June 30, 2018
June 30, 2017

Profitattributable toowners ofparent
1,181
702

PercentagechangeEarnings
per share(Yen)

68.2
－

16.52
9.78

1

Dilutedearnings
per share(Yen)
16.49
9.76

The 1st quarter of the fiscal year 2019(2) Consolidated Financial Position
Total assets

Net assets

June 30, 201897,192
March 31, 2018
98,493
Reference: Shareholders’ equity
As of June 30, 2018:
As of March 31, 2018:

59,52359,666(Millions of yen)
Net assets
per share (Yen)
830.26828.26Equity ratio
(%)
61.1
60.1

59,378 million yen
59,217 million yen

2. Dividends(Yen)
Dividends per share
Base dateJune 302019(Forecast)
2019
2018

－－

September 30
7.50

December 31－

March 31
7.50

Full Fiscal Year
15.00

6.50

－

6.5013.00

Note: Change in the current three-month period ended June 30, 2018, to dividend forecast: None

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

Six-month period ending
September 30, 2018Year ending March
31, 2019

Six-month period ending
September 30, 2018Year ending March
31, 2019

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinaryprofit(Millions of yen)
Percentagechange30,000

15.2

2,600

266.2

2,550

222.7

61,000

10.5

5,500

107.6

5,400

125.3

Profitattributable toowners ofparent

PercentagechangeEarningsper share(Yen)

1,800

72.5

25.17

3,800

126.4

53.11

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 June 30, 2018, to consolidated operating performance forecast: None2

The 1st 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 June 30, 2018:
As of March 31, 2018:

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

Number of treasury stock
As of June 30, 2018:
As of March 31, 2018:

1,982,940 shares
2,005,532 shares

Average number of shares outstanding at period-end
Three-month period ended June 30, 2018:
Three-month period ended June 30, 2017:

71,514,357 shares
71,876,169 shares

Note: The number of treasury stock includes treasury stock held by the ESOP trust. This resulted in the addition to treasury
stock of 467,100 shares as of June 30, 2018 and 480,100 shares as of March 31, 2018. In addition, treasury stock heldby the ESOP trust is excluded from the calculation of the average number of shares outstanding at period-end, as isother treasury stock. The number of shares excluded from said calculation totaled 471,233 shares for the three-month
period ended June 30, 2018 and 100,166 shares for the three-month period ended June 30, 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, August 10, 2018. Accordingly, for a wide variety of reasons, there remains the possibility
that actual performance results may differ from projections.

3

The 1st quarter of the fiscal year 2019

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of June 30, 2018 and March 31, 2018
Millions of yen
March 31,
June 30,2018
2018

ASSETS
Current Assets:
Cash and deposits
Notes and accounts receivable-trade
Securities
Finished products
Material in process
Raw materialOthers
Less: 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

15,082
16,7692,199
11,672
9,035
5,012
780
(30)
60,522

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

9,532
10,633
20,1662,887

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

10,1253,540(48)
13,61636,67011,1192,856(48)
13,927
37,196

97,192

98,493

The 1st quarter of the fiscal year 2019

Millions of yen
March 31,June 30,2018
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

10,953
2,778
740
15
4,726
19,214

10,939
2,778
479
60
5,319
19,577

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

10,0007,763
15675
18,45410,0008,516
15717
19,24937,66938,827

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

9,533
12,87534,257(1,153)55,513

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 incomeSubscription rights to shares
Non-controlling interests

3,756
(2)
7104
3,865
7272

4,4500(154)
125
4,422
76372

TOTAL NET ASSETS

59,52359,666TOTAL LIABILITIES AND NET ASSETS

97,192

98,493TOTAL LIABILITIESNET ASSETS

5

The 1st quarter of the fiscal year 2019(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the first quarter ended June 30, 2018 and 2017

Millions of yen
June 30,
June 30,
2017
2018
Net Sales
Cost of Sales
Gross Profit
Selling, General and Administrative Expenses
Operating Profit
Non-Operating Income:Interest income
Dividend income
Foreign exchange gains
Others

Non-Operating Expenses:
Interest expenses
Sales discounts
OthersOrdinary Profit
Extraordinary Income:Gain on sales of fixed assets

Extraordinary Losses:
Impairment loss

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

615,165
10,537
4,627
3,287

12,906
9,208
3,697
3,217

1,339

480

2
121
83
87
295

1
94
6
39
141

21
48
19
89

42
51
14
108

1,545

514

00

35
35

97
97－－

1,448
259
1,188
6
1,181

549(159)709
6702

The 1st quarter of the fiscal year 2019

Consolidated Statements of Comprehensive Income
For the first quarter ended June 30, 2018 and 2017

Millions of yen
June 30,
June 30,
2017
2018Profit
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
Breakdown:Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

71,188709(693)(3)
160(21)(557)
630

356(7)
136
20506
1,215625
5

1,219(3)The 1st 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 first 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
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