Outline of Consolidated Financial Results for the First Quarter Ended June 30, 2021
August 10, 2021
Name of the listed company: NIPPON SHINYAKU CO., LTD.
Listing stock exchange: Tokyo
Code No.: 4516
URL http://www.nippon-shinyaku.co.jp/
Representative: Toru Nakai, President and Representative Director
Contact: Hideyuki Fujii, Department Manager and Finance & Accounting Dept.
Tel. +81-75-321-9114
Scheduled date for submission of quarterly Securities Report: August 12, 2021
Scheduled start of payment: —Supplementary material:
Yes
Financial result meeting:Yes (for institutional investors and securities analysts on conference call)* All amounts are rounded down to the nearest million yen.
1. Consolidated Results for the Year Ended June 30, 2021 (April 1, 2021 to June 30, 2021)(1) Operating results
Net sales
Quarter ended June 30, 2021
Quarter ended June 30, 2020

41,157
29,913(¥ million)

Operating income

Ordinary income

16,448
7,522

16,598
7,723

37.6%
1.8%

Note: Comprehensive income
As of June 30, 2021: ¥11,289 million 64.1%

118.6%
16.6%

Net income attributableto owners of the parent

114.9%
17.3%

12,341
5,835

111.5%
17.9%

As of June 30, 2020: ¥6,880 million 77.1%

Net income per share (¥)
BasicDiluted－Quarter ended June 30, 2021
183.24－Quarter ended June 30, 2020
86.64
Notes: 1. Percentage figures for net sales, operating income, ordinary income and net income represent year-on-year comparisons.
2. Equity-method investments: not applicable(2) Financial position(¥ million)
Total assets

As of June 30, 2021
As of March 31, 2021
Note: Owners’ equity
As of June 30, 2021: ¥170,171 million

Net assets

200,114
197,028Equity ratio

170,465
162,543

Net assets per share (¥)

85.0%
82.4%

2,526.55
2,409.01

As of March 31, 2021: ¥162,254 million

2. Dividends
Cash dividends per share (¥)
1st quarter
Year ended March 31, 2021
Year ending March 31, 2022
Year ending March 31, 2022 (forecast)
Note: Revisions to forecast for the current quarter: None.

2nd quarter－－Year-end

3rd quarter

Annual¥49.00－¥50.00¥99.00¥51.00－¥52.00¥103.00

3. Business Forecast for the Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)(¥ million)

Net salesOperating income Ordinary income

Net income
attributable toowners of theparent

Net income pershare (¥)

First-half period
69,500 20.2% 18,000 61.6% 18,200 61.8% 13,000 61.0%
Full term
135,000 10.8% 28,000
7.1% 28,500
6.5% 21,000
1.4%Notes: 1. Percentage figures represent the percentage of increase or decrease against the same period of the previous year.
2. Revisions to forecast for the current quarter: None.

- 1 -193.01311.79

4. Others(1) Changes in the scope of consolidation
Inclusion: None
Exclusion: None
Note: Changes in specified subsidiaries involved changes in the scope of consolidation(2) Adoption of special accounting methods for preparation of quarterly financial statements: None
(3) Changes in accounting policies and accounting estimates, and restatement
1. Changes in accounting policies arising from revision of accounting standards: Yes
2. Changes in arising from other factors: None
3. Changes in accounting estimates: Yes
4. Restatement: None
(4) Number of shares outstanding (ordinary shares)
Number of shares outstanding (including treasury stock)
As of June 30, 2021:
70,251,484 shares
As of March 31, 2021:
Number of shares of treasury stock

70,251,484 shares

As of June 30, 2021:
As of March 31, 2021:

2,898,203 shares
2,898,183 shares

Average number of shares outstanding (total for the consolidated period)
As of June 30, 2021:
67,353,291 shares
As of June 30, 2020:

67,353,706 shares

Note:
This summary of quarterly financial results is exempt from the quarterly review procedures under the Financial Instruments andExchange Act. At the time of disclosure, published figures in this financial release have not been completed to a quarterly review offinancial statements based on the Financial Instruments and Exchange Law.
This financial release contains certain statements about the future, which are based information available and deemed reasonable toNippon Shinyaku at the time of announcement, and are not the commitments made by Nippon Shinyaku.
Readers are advised that actual results may differ substantially from the above forecasts due to various unforeseeable factors.

- 2 -5. Consolidated Financial Statement(1) Consolidated Balance Sheet(Millions of yen)
As of March 31, 2021
AssetsCurrent assetsCash and deposits
Notes and accounts receivable
Electronically recorded monetaryclaimsSecurities
Merchandise and finished goods
Semi-finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Long-term prepaid expenses
Retirement benefit asset
Other
Total investments and other assets
Total non-current assetsTotal assets

As of June 30, 2021

47,77039,28949,41541,318508

453

13,02918,292
6,050
890
10,291
2,968(0)139,090

13,02917,227
6,292
1,092
10,8883,287(0)
143,004

9,010
7,430
4,866
21,306
677

8,900
7,430
5,238
21,569711

22,113
1,518
9,390
621
2,310
35,95457,937
197,028

20,476
2,004
9,016
1,022
2,307
34,827
57,109200,114

(Millions of yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable
Accounts payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Deferred gains or losses on hedges
Foreign currency translation
adjustment
Remeasurements of defined benefit
plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

As of June 30, 2021

9,543
8,131
6,679
3,096
4,064
31,514

9,069
5,612
4,319
4,630
2,958
26,590

2,646
324
2,970
34,485

2,733
324
3,058
29,6485,174
4,445
147,391(2,476)
154,535

5,174
4,445
156,366(2,476)
163,509

8,911

7,779

11

6(96)

(72)

(1,107)(1,051)

7,719

6,661

288
162,543
197,028

294
170,465
200,114(2) Consolidated Statements of Income(Millions of yen)Three months ended
June 30, 2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and allowances
Provision for bonuses
Promotion expenses
Retirement benefit expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrativeexpenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Donations
Rental expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controllinginterests
Profit attributable to owners of parent

Three months ended
June 30, 2021

29,913
12,81817,094

41,157
13,231
27,925

1,913
990
1,223
139
89
2,836
2,379

2,068
1,022
1,311
127
92
3,699
3,156

9,571

11,477

7,522

16,448

3
261
117
44
427

3
231
115
20
369

0
151
35
5
33
226
7,723
7,723
2,425
(543)
1,882
5,841

0
130
32
26
29
220
16,598
16,598
4,263
(12)
4,250
12,347

5

5

5,835

12,341

(Consolidated Statements of Comprehensive Income)(Millions of yen)Three months ended
June 30, 2020
ProfitOther comprehensive income
Valuation difference on available-forsale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent
Comprehensive income attributable to noncontrolling interests

Three months ended
June 30, 2021

5,841

12,347983(1,132)

9(0)

(5)
24

4656

1,038
6,880

(1,057)
11,2896,874

11,28455