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, 2021

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending 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 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, 2021
－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, 2022
(From April 1, 2021 to June 30, 2021)(1) Results of Consolidated Operations(Millions of yen)

June 30, 2021
June 30, 2020

Net sales

PercentagechangeOperatingprofit

PercentagechangeOrdinary
profitPercentagechange14,673
10,61538.2(19.9)

834
(186)

－－

1,006
(182)

－－

Note: Comprehensive income
Three-month period ended June 30, 2021: 1,145 million yen
172.7 %
Three-month period ended June 30, 2020:
420 million yen
383.7 %
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, 2021
June 30, 2020

Profitattributable toowners ofparent
1,178
4PercentagechangeEarnings
per share(Yen)－(99.1)

16.63
0.06

1

Dilutedearnings
per share(Yen)
16.56
0.06

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2021

(2) Consolidated Financial Position
Total assets

Net assets

June 30, 2021
105,693
March 31, 2021
100,946
Reference: Shareholders’ equity
As of June 30, 2021:
As of March 31, 2021:

60,29059,425(Millions of yen)
Net assets
per share (Yen)848.28836.43Equity ratio
(%)
56.9
58.7

60,145 million yen59,276 million yen

2. Dividends(Yen)
Base dateJune 30

Dividends per share
December 31－

September 30
5.50

March 31
5.50

Full Fiscal Year
11.00

2022(Forecast)
2022
－
2021
4.00
4.00
－－
Note: Change in the current three-month period ended March 31, 2021, to dividend forecast: None

8.00

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2022

Six-month period ending
September 30, 2021
Year ending March31, 2022

Six-month period ending
September 30, 2021
Year ending March31, 2022

Net sales

PercentagechangeOperatingprofit

PercentagechangeOrdinaryprofit(Millions of yen)
Percentagechange27,00033.3

1,300―

1,400―

56,00026.3

3,500―

3,700―

Profitattributable toowners ofparent

PercentagechangeEarnings
per share(Yen)

1,500―

21.14

3,100―

43.66

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.
Notes: Change in the current three-month period ended June 30, 2021, to consolidated operating performance
forecast: None2

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2021

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:

Yes
None
None
None

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, 2021:
As of March 31, 2021:

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

Number of treasury stock
As of June 30, 2021:
As of March 31, 2021:

2,598,555 shares
2,632,602 shares

Average number of shares outstanding at period-end
Three-month period ended June 30, 2021:
Three-month period ended June 30, 2020:

70,893,984 shares
71,946,323 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 (1,609,200 shares as of 1Q FY
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 (1,618,099 shares as of 1Q FY 2022 and 91,800 shares as of 1Q FY2021).

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, 2021. Accordingly, for a wide variety of reasons, there remains the possibility thatactual performance results may differ from projections.

3NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2021

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of June 30, 2021 and March 31, 2021
Millions of yen
March 31,
June 30,
2021
2021

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

19,513
15,28013,457
11,206
6,201
1,020
(7)
66,672

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

11,336
12,99524,332
1,620

11,60812,917
24,5261,702

9,317
3,801(51)
13,06739,020

9,619
3,234
(51)
12,80339,032

105,693

100,946

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2021

Millions of yen
March 31,June 30,2021
2021

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

9,591
－
5,000
5,203
704
18
4,649
25,166

7,773
1,200
10,000
5,047
398
55
3,930
28,405

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

10,000
8,880
1946
1,289
20,235

5,000
6,803
1937
1,255
13,115TOTAL LIABILITIES

45,402

41,521

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

9,533
12,88635,360(1,074)56,705

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

3,203
145
91
3,440
144

3,424
(50)
99
3,473
148

TOTAL NET ASSETS

60,29059,425TOTAL LIABILITIES AND NET ASSETS

105,693

100,946

NET ASSETS

5NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2021

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the three-month period ended June 30, 2021 and 2020

Millions of yen
June 30,
June 30,
2020
2021
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 incomeOthers

Non-Operating Expenses:
Interest expenses
Sales discounts
Foreign exchange losses
Bond issuance costs
OthersOrdinary Profit (Loss)
Extraordinary Income:Gain on sales of investment securities

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

6

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

10,615
7,730
2,884
3,071

834(186)485
672674259

280－65714732－－32
21
86

29
1165－
35
143

1,006

(182)

－－

4
4

1,006(171)
1,178
－
1,178

(178)
(182)
4－
4

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2021

Consolidated Statements of Comprehensive Income
For the three-month period ended June 30, 2021 and 2020

Millions of yen
June 30,
June 30,
2020
2021
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 parent
Comprehensive income attributable to non-controlling interests

71,1784(220)
－195
(8)
(33)
1,145

497
(0)
(103)
22415
420

1,145－420－

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the First Quarter Ended June 30, 2021

(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
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 first quarter of the fiscal year under review, and recognizes revenue for goods or services based on theamount 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 quarterly consolidated statements of income for the current first quarter 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 first quarter of the 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 quarterly financial statements.

8