NIPPON THOMPSON CO., LTD.
C o r por at e He ad qu art e rs : To ky o
Listed Code: 6480
L i s t e d S t o c k Ex c h a n g e : To k y o(URL: https://www.ikont.co.jp/eg/)

May 15, 2023

Consolidated Financial Reportfor the Fiscal Year Ended 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 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, 2023
June 27, 2023
June 28, 2023
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, 2023
(From April 1, 2022 to March 31, 2023)(1) Results of Consolidated Operations
Years ended March 31, 2023 and 2022
Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange(Millions of yen)
Profitattributable Percentage
to ownerschangeof parent
7,469
80.7
4,134
－

2023
68,260
9.6
9,459
60.4
10,47939.92022
62,284
40.5
5,898
7,488
―
―
Notes: Comprehensive income
Fiscal year ended March 31, 2023: 8,763 million yen
68.1%
Fiscal year ended March 31, 2022: 5,214 million yen
75.1%: 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)
2023
104.92104.57
11.0
2022
58.27
58.04
6.7
Reference: Equity in earnings of affiliates
Fiscal year ended March 31, 2023:－ million yen
Fiscal year ended March 31, 2022:－ million yen
1

Ordinary profit tototal assets
(%)
9.5
7.2

Operating profit to
net sales
(%)
13.9
9.5

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

(2) Consolidated Financial Position
Years ended March 31, 2023 and 2022
Total assets

Net assets

Equity ratio
(%)

2023
114,347
71,662
62.6
2022
107,078
63,974
59.6
Reference: shareholders’ equity
Fiscal year ended March 31, 2023: 71,541 million yen
Fiscal year ended March 31, 2022: 63,829 million yen(3) Consolidated Cash Flows
Years ended March 31, 2023 and 2022
Operating
Investingactivities
activities
2023
6,398
(2,702)2022
10,265(2,100)Financing
activities(3,351)(6,442)(Millions of yen)
Net assets
per share(Yen)
1,003.28
898.58(Millions of yen)
Cash and cash
equivalents
18,593
17,847

2. Dividends

Base date2024(Forecast)
2023
2022

June 30
(Yen)
－
－
－

Base date

Total dividends(Full fiscal year)(Millions of yen)2024(Forecast)
2023
2022

1,378
942

Dividends per share
December 31
(Yen)
－
－
－

September 30
(Yen)
9.50
9.00
6.00
Dividends payout
ratio(Consolidated)
(%)
30.2
18.1
22.3

Dividends on
net assets(Consolidated)
(%)
2.0
1.5

2

March 31
(Yen)
9.50
10.00
7.00

Full fiscal year
(Yen)
19.00
19.00
13.00

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2024
Six-month period ending September 30, 2023, and the fiscal year ending March 31, 2024
Percentage
Operating
Percentage
Net saleschangeprofitchangeYear ending March
62,000(9.2)
6,500(31.3)
31, 2024
Six-month period ending
29,800(13.2)
2,700(37.8)
September 30, 2023
Profitattributable toowners ofparentOrdinary
profit(Millions of yen)
Percentagechange6,700(36.1)

2,800(54.0)

Earnings
per share(Yen)

PercentagechangeYear ending March
4,500(39.8)
62.99
31, 2024
Six-month period ending
1,800(57.1)
25.31
September 30, 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:

None
None
None
None

(3) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
Fiscal year ended March 31, 2023:
73,501,425 sharesFiscal year ended March 31, 2022:
73,501,425 shares
Number of treasury stock
Fiscal year ended March 31, 2023:
2,193,912 sharesFiscal year ended March 31, 2022:
2,467,133 shares
Average number of shares outstanding at period-end
Fiscal year ended March 31, 2023:
71,195,717 sharesFiscal year ended March 31, 2022:
70,962,924 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 (1,250,000 shares as of March 31,
2023 and 1,477,400 shares as of March 31, 2022). In the calculation of the average number of shares during the fiscal year,
Nippon Thompson shares held by the share-issuing trust account for executives and the ESOP trust account are included in
excluded treasury stock (1,354,225 shares as of March 31, 2023 and 1,548,974 shares as of March 31, 2022).

3

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

Reference: Non-consolidated Operating Performance for the Fiscal Year Ended March 31, 2023
(From April 1, 2022 to March 31, 2023)(1) Results of Non-consolidated Operations
Years ended March 31, 2023 and 2022
Net sales

Percentagechange(Millions of yen)
OperatingprofitPercentagechangeOrdinary
profitPercentagechangeProfitPercentagechange2023
58,797
12.0
8,970
84.0
10,361
54.2
7,327
696.0
2022
52,518
46.2
4,875
6,720
920
―
―
―
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.

2023
2022

Earnings
per share(Yen)
102.92
12.97

Diluted earnings
per share(Yen)
102.5812.92(2) Non-consolidated Financial Position
Years ended March 31, 2023 and 2022
Total assets

Net assets

Equity ratio
(%)

2023
96,261
57,63359.7
2022
90,32051,273
56.6
Reference: shareholders’ equity
Fiscal year ended March 31, 2023: 57,512 million yen
Fiscal year ended March 31, 2022: 51,128 million yen(Millions of yen)
Net assets
per share(Yen)
806.54719.77

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 15, 2023. 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, 2023

5. Operating Results and Financial Position(1) Analysis of Operating Results
In the consolidated fiscal year ending March 31, 2023, the economy shifted to a moderate recovery track amid the relaxation ofvarious restrictions aimed at preventing the spread of COVID-19 and resulting progress in the normalization of economic activities.
On the other hand, the outlook remained unclear due mainly to surges in raw material, energy prices and overall inflation stemmingfrom fallout from the Ukraine situation, as well as radical fluctuations in foreign exchange rates amid monetary tightening by
national central banks.
Under these circumstances, The Group has taken various measures to solve key issues with the aim of achieving stableprofit and sustainable growth from a medium- to long-term perspective as outlined in “IKO Medium-term Business Plan 2023
～Deepening, Expanding, Embracing Change～.” In addition, for all our stakeholders, we have striven to enhance disclosure,publishing our first integrated report in order to communicate our implementation of measures aimed at enhancing corporate value
on a medium- to long-term basis and creating sustainable social value.
From a sales perspective, the Group resumed participation in exhibitions at home and abroad in a phased manner while
holding private shows for the first time in about four years. At the same time, the Group focused on deepening trade with existingcustomers and developing new markets and customers.
In terms of product development, the Group launched a high performance model of “Alignment Stage SA series,”
which is capable of realizing low profile and compact XYθ movement. In this way, the Group has striven to expand its lineup of
high-value-added products designed to help promote energy saving for machines and devices and improve their productivity.
Moreover, we promoted the development of next-generation products, beginning with the Linear Roller Way Super X ZERO,
which delivers the highest movement precision within the series. We also worked hard to uncover new needs and enhancerecognition of both our high quality and our technical expertise.
From a production standpoint, in light of the robustness of the recent trend in demand, the Group developed a global
production system encompassing domestic factories, as well as IKO THOMPSON VIETNAM CO.,LTD and UBC (Suzhou)
Bearing Co., Ltd. In addition, we focused on building an efficient supply system that spans the entire supply chain and enhanced
our social responsibility measures, such as making considerations for the environment, human rights, and labor issues based on
the “IKO Group Supplier CSR Procurement Guidelines,” which were formulated in July 2022.
Turning to the Group’s operational results, net sales increased in all regions on the back of robust demand associatedwith capital investment, especially in the fields of semiconductor manufacturing equipment and other electronics-related devices,along with catching up on outstanding orders and favorable foreign exchange trends involving the depreciation of the yen. In thedomestic market, sales grew higher for products related to general industrial machinery, including precision machinery and various
medical equipment, as well as for machine tools. In North America, although demand for machine tools was stagnant, sales wererobust for precision machinery and other general industrial machinery, contributing to higher net sales in this region, as did salesof products for commercial applications. In Europe, net sales grew thanks to constantly strong demand in a broad range of sectors,
including machine tools and commercial application products. In China, despite being somewhat impacted by the zero-COVID
policy, net sales increased on the back of continued robust capital investment demand. In other regions, net sales increased mainly
5

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

in India, Singapore, and Hong Kong.
As a result, consolidated net sales for the fiscal year under review totaled ¥68,260 million, up 9.6% year on year. On
the earnings front, due mainly to growth in net sales, an increase in production volume and the depreciation of the yen, operating
profit came to ¥9,459 million, up 60.4% year on year, and ordinary profit came to ¥10,479 million, up 39.9% year on year. Profit
attributable to owners of the parent amounted to ¥7,469 million, up 80.7% year on year.
In the consolidated fiscal year under review, net production of Needle Roller Bearings and Linear Motion Rolling
Guides was ¥65,915 million based on average sales price, up 15.3% year on year. And, net orders of Needle Roller Bearings,
Liner Motion Rolling Guides and Machine Components were down 21.1% to ¥61,939 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 ¥61,536 million, 10.0% increase compared with the corresponding period of the previous
fiscal year. Sales of Machine Components rose 6.1% to ¥6,723 million.
Business Segment Information
March 31,
2023
Millions of Component
Yenpercentages
Needle Roller Bearings,
Linear Motion Rolling Guides
Machine Components
Total net sales

March 31,
2022
Millions ofComponent
Yenpercentages

ChangeMillions ofyen

Percentagechange61,536

90.1

55,944

89.8

5,591

10.0

6,723
68,260

9.9
100.0

6,340
62,284

10.2
100.0

383
5,975

6.1
9.6

(2) Summary of Financial Position
Total assets as of March 31, 2023, totaled ¥114,347 million, an increase of ¥7,268 million compared with the end of the previous
fiscal year. This mainly comprised increases in cash and deposits of ¥847 million, inventories of ¥4,608 million and deferred tax
assets of ¥661 million.
Total liabilities amounted to ¥42,685 million, a decrease of ¥418 million compared with the end of the previous fiscal
year. This mainly comprised increases in income taxes payable of ¥630 million, advances received of ¥438 million and leaseobligations of ¥341 million as well as decrease in short-term borrowings of ¥2,200 million.
Total net assets amounted to ¥71,662 million, an increase of ¥7,687 million compared with the end of the previous
fiscal year. This mainly comprised an increases in retained earnings of ¥6,310 million and foreign currency translation adjustmentsof ¥1,291 million.

(3) Summary of Cash Flows
Cash and cash equivalents at the end of the fiscal year under review totaled ¥18,593 million, an increase of ¥746 million comparedwith the end of the previous fiscal year.

6

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

Cash Flows from Operating Activities
Net cash provided by operating activities was ¥6,398 million. The major inflows were profit before income taxes of ¥10,489
million, depreciation and amortization of ¥3,423million, while the major outflow were an increase inventories of ¥3,596 million
and income taxes paid of ¥3,419 million.
Cash Flows from Investing Activities
Net cash used in investing activities totaled ¥2,702 million. The major outflows were purchase of property, plant and equipmentof ¥2,187 million, as well as payments for purchase of insurance funds of ¥342 million.
Cash Flows from Financing Activities
Net cash used in financing activities totaled ¥3,351 million. The major inflow was proceeds from long-term borrowings of ¥4,000
million, while the major outflows were repayments of short-term borrowings of ¥2,200 million, repayments of long-termborrowings of ¥3,879 million and dividends paid of ¥1,155 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,
2022
2021
59.6
58.7
35.9
46.5
2.2
5.0
86.8
49.3

March 31,
2023
62.6
36.2
3.5
63.9

March 31,
2020
58.4
27.0
－
－

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, its surrounding business environment to remain uncertain amid growing
concerns of economic recession due in part to rising inflation and financial tightening around the world as well as businessfailures of U.S. financial institutions. On the other hand, we expect continued robust demand for capital investment,
including in the Group’s main demand industry of electronics-related devices, amid progress on the shift to IoT and EVs
as well as the shift to automation and labor saving due to worker shortages.
In light of these economic conditions, the Group is forecasting consolidated net sales of ¥62,000 million,
7

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

operating profit of ¥6,500 million, ordinary profit of ¥6,700 million and profit attributable to owners of parent of ¥4,500
million for the year ending March 31, 2024.
(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 ¥10.0 per share. Including the interim dividend of ¥9.0
per share, the planned full-year dividend payment ¥19.0 per share.
The Company is forecasting a dividend of ¥19.0 per share (including an interim dividend of ¥9.5 per share) for the
fiscal year ending March 31, 2024.

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, 2023

7. Consolidated Financial Statements(1) Consolidated Balance Sheets
As of March 31, 2023 and 2022
Millions of yen
March 31,
March 31,
2022
2023

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

18,84817,272
17,477
11,882
8,823
2,329
(10)
76,62418,001
17,15914,393
12,773
6,408
1,682
(7)
70,412

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

6,743
9,849
735
2,873
418
453
1,378
22,453

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

1,056

1,093

9,113
2,099
3,026
(26)
14,212
37,723

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

114,347

107,078

9

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

Millions of yen
March 31,
March 31,
2022
2023

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

11,595
－
3,786
364
3,174
2,813
92
2,511
24,337

11,845
2,200
3,455
358
2,906
2,182
85
1,769
24,802

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
6,718
1,252
126
30
110
109
18,34810,000
6,928
917
255
20
79
100
18,301

42,685

43,104

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

9,533
12,88644,191(917)
65,693

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

Accumulated Other Comprehensive Income:
Valuation difference 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

3,115
(2)
2,761
(27)
5,847
121

3,017
－
1,470
65
4,552
144

TOTAL NET ASSETS

71,662

63,974TOTAL LIABILITIES AND NET ASSETS

114,347

107,078

TOTAL LIABILITIESNET ASSETS

10NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
Years ended March 31, 2023 and 2022
Millions of yen

March 31,2023
Net Sales
Cost of Sales

March 31,2022

Gross Profit
Selling, General and Administrative Expenses

68,26043,782
24,47715,01762,28442,947
19,337
13,438Operating Profit

9,459

5,898

31
284
468
11
363
1,159

39
204
1,219
40
293
1,797

99
－
11
28
139

122
32
23
28
206

10,479

7,488

31
31

28
28

21
21

1,529
1,529

10,489

5,987

3,762
－
(742)
3,020
7,469
－
7,469

1,979
271
(398)
1,852
4,134
－
4,134

Non-Operating Income:Interest income
Dividend income
Foreign exchange gains
Insurance income
Others
Non-Operating Expenses:
Interest expenses
Bond issuance costs
Loss on retirement of fixed assets
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

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

Consolidated Statements of Comprehensive Income
Years ended March 31, 2023 and 2022
Millions of yen
March 31,
March 31,
2022
2023
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

7,469

4,134

98
(2)
1,291
(92)
1,294
8,763

(407)
－
1,520
(33)
1,079
5,214

8,763
－

5,214
－

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

(3) Statement of Changes in Consolidated Shareholders’ Equity

For the fiscal year ended March 31, 2023
(Millions of yen)
Shareholders’ Equity
Common stock
As of April 1, 2022
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, 2023

CapitalSurplusRetainedearnings

Total
shareholders’equityTreasury stock

9,533

12,88637,881(1,024)59,276－－(1,160)－(1,160)

－

－

7,469

－

7,469

－

－

－

(0)

(0)

－

－

1

106

108

－

－

－

－

－

－
9,533

－
12,886

6,310
44,191

106
(917)

6,416
65,693

Accumulated other comprehensive income
Net unrealized
holding gains onavailable-forsale securities

Deferred gains
or losses onhedgesForeigncurrencytranslation
adjustments

Remeasurements of defined
benefit plans

Total
Accumulated
othercomprehensiv
e income

3,017

－

1,470

65

4,552

144

63,974

Cash dividends

－

－

－

－

－

－

(1,160)

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

－

－

－

－

－

－

7,469

－

－

－

－

－

－

(0)

－

－

－

－

－

－

108

98

(2)

1,291

(92)

1,294

(23)

1,270

98

(2)

1,291

(92)

1,294

(23)

7,687

3,115

(2)

2,761

(27)

5,847

121

71,662As of April 1, 2022

Subscription
rights to sharesTotal
net assets

Changes during theperiodAs of March 31, 2023

13

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

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

As of April 1, 2021

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

Changes during the period
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

63,974

14

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

(4) Consolidated Statements of Cash Flows
Years ended March 31, 2023 and 2022
Millions of yen
March 31,2023

March 31,2022

Cash Flows from Operating Activities:
Profit before income taxes

10,4895,987

Depreciation and amortization

3,423

3,885

Increase (Decrease) in allowance for doubtful accounts

(6)

(15)

Impairment losses

21

1,529

Increase (Decrease) in net defined benefit liabilities

(53)

(60)

Interest and dividend income

(316)

(243)

99

122

Foreign exchange losses (gains)

(337)

(752)

Loss on retirement of fixed assets

11

23

Decrease (Increase) in trade receivables

78(3,105)Decrease (Increase) in inventories(3,596)(1,021)

Decrease (Increase) in other accounts receivable

(277)

(291)

Increase (Decrease) in trade payables

(476)

3,559

Increase (Decrease) in accrued expenses

227

724

Others-net

315

335

Subtotal

9,602

10,677

Interest and dividend income received

316

243

Interest expenses paid

(100)

(118)

Income taxes paid

(3,419)(537)

Net cash provided by (used in) operating activities

6,398

10,265Interest expenses

15

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

Millions of yen
March 31,2023

March 31,2022

Cash Flows from Investing Activities:
Payments for purchase of property,
plant and equipment(2,187)(1,797)

Payments for purchase of intangible assets

(147)

(176)

Payments for purchase of insurance funds

(342)

(365)

Proceeds from cancellation of insurance funds－

231

Others-net

(23)

7

(2,702)(2,100)Net increase (decrease) in short-term borrowings(2,200)1,000

Proceeds from long-term borrowings

4,000

4,000

Repayments of long-term borrowings(3,879)(5,466)

Proceeds from issuance of bonds

－

5,000

Redemption of bonds－(10,000)

Cash dividends paid

(1,155)

(725)

(0)

(0)

(116)

(249)

(3,351)(6,442)

Effect of exchange rate change on
cash and cash equivalents

401

777

Net increase (decrease)in cash and cash equivalents

746

2,500

Cash and cash equivalents at beginning of year

17,847

15,346

Cash and cash equivalents at end of year

18,593

17,847

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

Payments for purchase of treasury stock
Others-net
Net cash provided by (used in) financing activities

16

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Fiscal Year Ended March 31, 2023

(5) Notes(Notes on the Premise of a Going Concern)
There are no applicable articles.
(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.

(Per Share Information)

Yen
March 31,2022
898.58
58.27
58.04

March 31,2023
1,003.28
104.92104.57

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 31,2023

March 31,
2022

7,469
－

4,134
－

7,469

4,134

71,195,717shares

70,962,924shares－
237,235 shares(237,235 shares)－
275,518 shares(275,518 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.

17