Consolidated Financial Results for the Three Months of Fiscal Year Ending March 31, 2018
<under Japanese GAAP>
August 8, 2017
Company name : NIKKO COMPANY
ID number: 5343 Stock listing : Nagoya Stock Exchange Second Section
URL: http://www.nikko-company.co.jp/
Representative : Akiko Mitani, Chief Executive Officer
Contact: Kazuya Nunokawa, Chief Financial Officer (Phone: +81-76-276-2121)
Scheduled date to submit Securities Report: August 9, 2017
Scheduled date to begin dividend payments: Preparation of supplementary materials for financial results : None
Holding of financial results meeting: None
(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Three Months Ended June 30, 2017 (April 1, 2017 - June 30, 2017)(1) Consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Operating income％ Millions of yen％
Millions of yen
Three months ended
2,973
1.7
(23)
June 30, 2017
Three months ended
2,924
(7.1)
(82)
June 30, 2016
Note: Comprehensive income (Millions of yen) :June 30, 2017 : (22) (-%)
Net income
per share
Yen

Profit (loss) attributableto owners of parent

Ordinary income％Millions of yen％

Millions of yen

(23)

-(31)

-(117)-(121)-

June 30, 2016 : (110) (-%)

Diluted net income
per share
Yen

Three months ended
June. 30, 2017(1.35)-

Three months ended
June. 30, 2016(5.20)-* Effective from the first quarter consolidated accounting period, the revenue previously included in "Rent income" under"Non-operating income" is described as "Net sales", The expenses previously included in "Selling, general and administrative expenses"
is described as "Cost of sales" ‘Three months ended June 30, 2016’ on (1) consolidated operating results is also stated according tothe above way.
(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen
Millions of yen
9,148
806
As of June 30, 2017
Year ended Mar.
9,273
829
31, 2017
Reference: Shareholders' equity (Millions of yen) : June 30, 2017: 806
Mar. 31, 2017: 829

Net assets per share
8.8%

Yen
34.61

8.9

35.57

2. Dividends(Record date)

Dividend per share
1Q-end2Q-endYenYear ended Mar.
31, 2017
Year ending Mar.
31, 2018
Year ending Mar.
31, 2018(forecast)-

3Q-endYen

Year-end
Yen

AnnualYen

Yen

0.00

-0.00

0.00

0.00

-

0.00

0.00

-1

NIKKO COMPANY

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2018 (April 1, 2017 - March 31, 2018)(Percentage figures represent changes from the same period of the previous year.)
Profit attributable
Net income
Net sales
Operating income
Ordinary income
to owners of parent
per share
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year13,300

3.0

150

127.7

200

120

196.7(5.1)

5.15* Revision of projected consolidated performance during the period :None* the above figures also follows the same way of 1.(1).
* The Group analyzes and makes decisions on investment and management scales and results, etc. from the viewpoint of improving
corporate value over the medium to long term without falling into short-term or speculative perspectives.
On the other hand, in addition to requests for active disclosure of future forecast information by stock exchanges, we carefully
considered the opinion of some investors who recognize the usefulness of the next term performance forecasts, and forecast
consolidated earnings forecasts for March 2018 we disclose.
In accordance with this purpose, there is no plan to do anything for quarterly earnings projections in the future.
※Notes(1) Changes in major subsidiaries during the period : None
(2) Application of special accounting methods for quarterly consolidated financial statements : None
(3) Changes in accounting policies, changes in accounting estimates, or restatement
1) Changes in accounting policies due to changes in consolidated accounting methods :2) Changes other than 1) above: None
3) Changes in accounting estimates : None
4) Restatement: NoneNone(4) Number of shares outstanding (common shares)
1) Number of shares outstanding (including treasury stock) at the end of the period
June 30, 2017 :
24,172,000 sharesMar. 31, 2017 :
24,172,000 shares
2) Number of treasury stock at the end of the period
June 30, 2017 :
858,666 sharesMar. 31, 2017 :858,236 shares
3) Average number of shares issued during the period (cumulative; consolidated)
Three months ended June 30, 2017 : 23,313,745 shares
Three months ended June 30, 2016 : 23,318,645 shares* The current quarterly financial statements are not subject to a quarterly review.
*Appropriate use of business forecasts, other special items
Forecasts regarding future results in these materials are based on information available to the Company at the time the materials werecreated. Actual results may differ significantly from these forecasts for a number of reasons.
*Please refer to the first quarter report of the 93th Fiscal Period to be submitted on August 9, 2017 for the outlook of business results
and financial condition.
This report is based on EDINET (Electronic Disclosure System on Disclosure Documents of Securities Reports etc. under the Financial
Instruments and Exchange Act) Please refter to (http://disclosure.edinet-fsa.go.jp/)

2

NIKKO COMPANY
Consolidated quarterly Financial Statements
FY03/2017(As of Mar.31,2017)(Millions of yen)
FY03/2018(As of June 30,2017)

1,158
1,795
1,439
515
348
241
164
(2)
5,661

1,165
1,558
1,417
585
509
231
74
(2)
5,540

6,765(4,923)
1,842
4,378(4,133)
244
1,226(1,116)
1091,121120(84)
36
12
3,366

6,767
(4,963)
1,803
4,380(4,149)230
1,234(1,131)
102
1,121
120(90)
30
82
3,370

1
83
85

177
78

55
105
(1)
159
3,611
9,273

56
103
(1)
158
3,608
9,148

2,499
2,460
334
23
32
81
221
1,080
6,734

2,437
2,450
299
22
19
41
214
1,171
6,656

231
14
6
25
1,311
119
1,709
8,443

201
9
6
26
1,321
119
1,685
8,341

3,470
1,584
(3,652)
(337)
1,065

3,470
1,584
(3,683)
(337)
1,033

0(113)
(123)
(235)
829
9,273

0(113)
(114)
(226)
806
9,148

(1) Consolidated Balance Sheet

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Costs on uncompleted construction contracts
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Lease assets
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Lease obligations
Deferred tax ｌiabilities
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

3NIKKO COMPANY(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive income
Consolidated quarterly statements of income
FY03/2017(Apr.1, 2016-June 30,2016)(Millions of yen)
FY03/2018(Apr.1, 2017-June 30,2017)

2,924
2,078
845
928
(82)

2,973
2,030
943
966
(23)

02
2
3
3
12―
234
1
11

10230
347(117)72―
212(23)99――1111(119)
5(3)2(121)―(121)

――
(23)
7(0)
7(31)
―(31)

FY03/2017(Apr.1, 2016-June 30,2016)(Millions of yen)
FY03/2018(Apr.1, 2017-June 30,2017)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Rent income
Commission fee
Gain on sales of wastes
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sales discounts
Foreign exchange loss
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary Income
Outplacement bounty
Total extraordinary Income
Extraordinary loss
Loss on fireTotal extraordinary losses
Income (loss) before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

Consolidated quarterly statements of comprehensive income

Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

4(121)(31)(0)
3710(110)00
89(22)(110)―(22)―