NIPPON THOMPSON CO., LTD.
Corporate Headquarters: Tokyo
Listed Code: 6480
Li sted Sto ck Exchan ge: Tokyo(URL: https://www.ikont.co.jp/eg/)

February 13, 2023

Consolidated Financial Reportfor the Third Quarter of the Fiscal Year Ending 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 to Submit Quarterly Annual Securities Report:
Scheduled Date to Begin Dividend Payments:
Preparation of Supplementary Explanation Material for Quarterly Financial Results:
Holding of Presentation Meeting for Quarterly Financial Results:

February 13, 2023
－None
None

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

1. Consolidated Operating Performance for the Third Quarter of Fiscal Year Ending March 31, 2023
(From April 1, 2022to December 31, 2022)(1) Results of Consolidated Operations(Millions of yen)

December 31, 2022
December 31, 2021

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profitPercentagechange52,12946,184

12.9
48.7

7,486
3,85094.4
―

8,290
4,596

80.3
―

Notes: Comprehensive income
Nine-month period ended December 31, 2022:
6,672 million yen
59.5 %
Nine-month period ended December 31, 2021:
4,183 million yen
432.7 %: 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.

December 31, 2022
December 31, 2021

Profitattributable toowners ofparent
5,753
3,609

PercentagechangeEarnings
per share(Yen)

59.4―80.8550.88

1Diluted
earnings
per share(Yen)
80.58
50.69

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Third Quarter Ended December 31, 2022

(2) Consolidated Financial Position
Total assets(Millions of yen)
Equity ratio
Net assets(%)
per share (Yen)
62.4
974.2659.6
898.58

Net assets

December 31, 2022
111,361
69,558March 31, 2022
107,078
63,974
Reference: Shareholders’ equity
As of December 31, 2022: 69,437 million yen
As of March 31, 2022:
63,829 million yen

2. Dividends(Yen)
Base date2023(Forecast)
2023
2022

June 30

September 30

Dividends per share
December 31

－－

9.00
6.00

－－March 31
9.00

Full Fiscal Year
18.00

7.00

13.00

Note: Change in the current three-month period ended December 31, 2022, to dividend forecast: None

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2023

Year ending March31, 2023

Year ending March31, 2023

Net sales

PercentagechangeOperatingprofitPercentagechangeOrdinary
profit(Millions of yen)
Percentagechange68,500

10.0

9,000

52.6

10,80044.2

Profitattributable toowners ofparentPercentagechangeEarnings
per share(Yen)

7,400

79.0

103.95

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 December 31, 2022, to consolidated operating performance
forecast: None2

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Third Quarter Ended December 31, 2022

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:

NoneNoneNoneNone(4) Number of shares issued (Common stock)
Number of shares outstanding at period-end (Including treasury stock)
As of December 31, 2022:
As of March 31, 2022:

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

Number of treasury stock
As of December 31, 2022:
As of March 31, 2022:

2,230,020 shares
2,467,133 shares

Average number of shares outstanding at period-end
Nine-month period ended December 31, 2022:
Nine-month period ended December 31, 2021:

71,162,037 shares
70,941,910 shares

Note: The number of treasury stock as of the fiscal year-end includes Nippon Thompson shares held by the share-issuing trustaccount for executives and by the employee stock ownership plan (ESOP) trust account (1,286,200 shares as of 3Q
FY2023 and 1,477,400 shares as of March 31, 2022). In the calculation of the average number of shares during thefiscal 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 (1,385,377 shares as of 3Q FY2023 and 1,570,043
shares as of 3Q FY2022).

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, February 13, 2023. 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 Third Quarter Ended December 31, 2022

5. Consolidated Financial Statements(1) Consolidated Balance Sheets

As of December 31, 2022 and March 31, 2022
Millions of yen
March 31,
December 31,2022
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:
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

416,856
18,824
16,74911,787
8,760
1,769
(9)
74,73818,001
17,15914,393
12,773
6,408
1,682
(7)
70,412

9,744
12,194
21,9391,011

10,338
12,22722,565
1,093

8,543
5,165
(36)
13,672
36,622

9,021
4,022
(36)
13,006
36,666111,361

107,078

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Third Quarter Ended December 31, 2022

Millions of yen
March 31,December 31,2022
2022

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

12,422
―
3,796
2,419
52
5,207
23,898

11,845
2,200
3,455
2,182
85
5,034
24,802

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

10,000
6,824
21
103
955
17,90410,000
6,928
20
79
1,273
18,301TOTAL LIABILITIES

41,802

43,104

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

9,533
12,88642,475(930)
63,964

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

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

2,688
2,783
0
5,472
121

3,017
1,470
65
4,552
144

TOTAL NET ASSETS

69,55863,974TOTAL LIABILITIES AND NET ASSETS

111,361

107,078

NET ASSETS

5NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Third Quarter Ended December 31, 2022

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income

For the nine-month period ended December 31, 2022 and 2021
Millions of yen
December 31,
December 31,
2021
2022
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
Bond issuance costs
OthersOrdinary Profit
Extraordinary Income:Gain on sales of investment securities

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

652,129
33,391
18,737
11,251

46,18432,36013,824
9,973

7,486

3,850

21
220
394
274
910

19
156
504
245
926

78
－
27
106

93
32
54
180

8,290

4,596

－
－

14
14

8,290

4,611

2,537
5,753
－
5,753

1,001
3,609
－
3,609

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Third Quarter Ended December 31, 2022

Consolidated Statements of Comprehensive Income

For the nine-month period ended December 31, 2022 and 2021
Millions of yen
December 31,
December 31,2021
2022
ProfitOther Comprehensive Income:Net unrealized holding gains on available-for-sale securities
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

7

5,753

3,609(328)
1,313
(64)
919
6,672

(19)
618
(24)
574
4,183

6,672－

4,183－

NIPPON THOMPSON CO., LTD. (6480)
Financial Results for the Third Quarter Ended December 31, 2022

(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 third quarter, and multiplying profit before
income taxes by said estimated effective tax rate.

8