NIPPON THOMPSON CO., LTD.
Corporate Headquarters: Tokyo
Listed Code: 6480
Li sted Stock Exchange: Tokyo(URL: https://www.ikont.co.jp/eg/)August 9, 2019

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2020
<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 9, 2019
－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, 2020
(From April 1, 2019 to June 30, 2019)(1) Results of Consolidated Operations(Millions of yen)

June 30, 2019
June 30, 2018

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange13,25615,165(12.6)
17.5

809
1,339

(39.6)
178.6

653
1,545

(57.7)
200.5

Note: Comprehensive income
Three-month period ended June 30, 2019: ( 86) million yen(86.2) %Three-month period ended June 30, 2018: (630) million yen(48.1) %: 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.

June 30, 2019
June 30, 2018

Profitattributable toowners ofparent486
1,181PercentagechangeEarnings
per share(Yen)(58.8)
68.2

6.79
16.52

1

Dilutedearnings
per share(Yen)
6.77
16.49

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2019(2) Consolidated Financial Position
Total assets

Net assets

102,609
101,468

59,77760,195June 30, 2019
March 31, 2019

Reference: Shareholders’ equity
As of June 30, 2019:
As of March 31, 2019:(Millions of yen)
Net assets
per share (Yen)
830.72
837.24Equity ratio
(%)
58.1
59.1

59,573 million yen
59,987 million yen

2. Dividends(Yen)
Dividends per share
Base dateJune 30

2020(Forecast)
2020
2019

－－

September 307.50

December 31－March 31
7.50

Full Fiscal Year
15.00

7.50

－

7.50

15.00

Note: Change in the current three-month period ended June 30, 2019, to dividend forecast: None

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2020

Six-month period ending
September 30, 2019Year ending March31, 2020

Six-month period ending
September 30, 2019Year ending March31, 2020

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profit(Millions of yen)
Percentagechange25,600(12.6)

1,300(48.5)

1,500(47.6)

53,000(7.9)

3,200(34.5)

3,500(34.3)

Profitattributable toowners ofparent

PercentagechangeEarnings
per share(Yen)

1,030(50.1)

14.37

2,400(35.5)

33.47

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, 2019, to consolidated operating performance forecast: None2NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 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:YesNoneNoneNone

Note: For further details, please refer on page 8.
(4) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
As of June 30, 2019:
As of March 31, 2019:73,501,425 shares
73,501,425 shares

Number of treasury stock
As of June 30, 2019:
As of March 31, 2019:

1,788,384 shares
1,851,802 shares

Average number of shares outstanding at period-end
Three-month period ended June 30, 2019:
Three-month period ended June 30, 2018:

71,691,946 shares
71,514,357 shares

Note: The number of treasury stock includes treasury stock held by the ESOP trust. This resulted in the addition to treasury
stock of 325,700 shares as of June 30, 2019 and 358,500 shares as of March 31, 2019. 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 337,466 shares for the three-month
period ended June 30, 2019 and 471,233 shares for the three-month period ended June 30, 2018.

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 9, 2019. 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, 2019

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of June 30, 2019 and March 31, 2019
Millions of yen
March 31,June 30,20192019

ASSETS
Current Assets:
Cash and deposits
Notes and accounts receivable-trade
Securities
Finished 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

14,535
14,645
1,699
15,151
10,2375,879
1,149(16)63,282

17,023
15,455－
14,461
9,667
5,642
1,389
(19)
63,61910,411
13,84524,2562,439

9,767
12,66322,430
2,566

8,089
4,591
(49)
12,63039,327

8,385
4,515
(49)
12,85137,848102,609

101,468

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2019

Millions of yen
March 31,June 30,2019
2019

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

11,200
3,569
365
18
7,494
22,648

11,438
3,179
1,747
60
5,713
22,138

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

10,000
9,071
13
1,097
20,182

10,0008,317
13
803
19,134

42,831

41,273

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

9,533
12,87536,201(1,004)57,605

9,533
12,87536,253(1,048)57,614

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
Non-controlling interests

2,364
1(360)
(37)
1,967
105
98

2,568
(0)
(162)
(32)
2,373
114
93

TOTAL NET ASSETS

59,77760,195TOTAL LIABILITIES AND NET ASSETS

102,609

101,468

TOTAL LIABILITIESNET ASSETS

5NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2019(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the first quarter ended June 30, 2019 and 2018

Millions of yen
June 30,
June 30,
2018
2019
Net Sales
Cost of Sales
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
Sales discounts
Foreign exchange lossOthers

Ordinary ProfitExtraordinary Losses:
Impairment loss

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

613,256
8,983
4,273
3,463

15,165
10,537
4,627
3,287

809

1,339

2
113－
62
90
268

2
121
83
29
58
295

21
15
376
10
424

2148－
19
89

653

1,545－
－

97
97

653
161
491
5486

1,448
259
1,188
6
1,181

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2019

Consolidated Statements of Comprehensive Income
For the first quarter ended June 30, 2019 and 2018

Millions of yen
June 30,June 30,20182019
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

491

1,188

(203)
1(197)(5)(405)
86(693)
(3)
160
(21)
(557)
630

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

81562557

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

(6) Changes in accounting policies
Parts of consolidated overseas subsidiaries adopted IFRS 16 “Leases” from April 1, 2019 and recognize all leases as alessee in principle as assets and liabilities on the balance sheets. In adopting the accounting standards, in accordance with thetransitional treatment, the Group recognizes the cumulative effect of initially applying the accounting standards at the date ofinitial application.
As a result, others included in tangible fixed assets, others included in current liabilities, and others included in long-term
liabilities at the end of the current first quarter increased by ¥389 million, ¥68 million, and ¥320 million, respectively. The
effects of these revisions on the quarterly consolidated statements of income for the current first quarter are immaterial.

8