Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 8, 2024
Company name: Nippon Tungsten Co.,Ltd.
Listing: Tokyo, Fukuoka
Securities code: 6998
URL: https://www.nittan.co.jp/
Representative: Shinji Goto
Inquiries: Hisashi Haraguchi
Telephone: +81-092)415-5500
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None

President and Representative Director
Director and Exective Officer(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended
June 30, 2024
3,181
10.4
180
18.6
284
7.9
187
5.1
June 30, 2023
2,882
(13.4)
151(52.6)
264(37.7)
177(39.0)(Note) Comprehensive income:Three months ended June 30, 2024:¥
276 million [(13.4) %]Three months ended June 30, 2023:¥
319 million [(15.4) %]Basic earnings
per share

Diluted earnings pershare

Yen
Yen
Three months ended
June 30, 2024
38.62
38.52
June 30, 2023
36.79
36.70
(Note) The Company conducted a 2-for-1 stock split of shares of common stock on January 1, 2024. Basic earnings per share,
diluted earnings per share, and net assets per share are calculated, assuming that the stock split was conducted at thebeginning of the fiscal year ended March 31, 2024.

(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Millions of yen

Net assets

17,587
17,137
As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio

Millions of yen¥¥

12,268
12,113
12,258 million
12,103 million

%

69.7
70.6

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-endYear-endTotal

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-

50.00

-25.00-Fiscal year ending March 31, 2025-

Fiscal year ending March 31, 2025

25.00
25.00
50.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
None(Note) The Company conducted a 2-for-1 stock split of shares of common stock on January 1, 2024. The figure indicated for thesecond quarter-end of the fiscal year ended March 31, 2024 is the amount before the stock split and the figure indicated forthe year-end of the fiscal year ended March 31, 2024 is the amount after the stock split. Regarding the total amount ofdividends for the full year, annual dividend per share is not presented because simple addition is inappropriate because of theimplementation of the stock split.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Millions of yen% Millions of yen% Millions of yenSix months ending
5,900
4.1
180 (37.8)
September 30, 2024
Full year
12,0004.7
5209.2(Note) Revision to the financial results forecast announced most recently:* Notes:(1) Significant changes in the scope of consolidation during the period:
Newly included:
Excluded:-% Millions of yen

%

Yen

310

(32.3)

210(41.9)

43.35

800
None

1.85606.2

115.61

None(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

None

Yes

(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
5,155,520 shares
March 31, 2024:
5,155,520 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
311,872 shares
March 31, 2024:
311,784 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
4,843,677 shares
Three months ended June 30, 2023:
4,836,653 shares(Note) The Company conducted a 2-for-1 stock split of shares of common stock on January 1, 2024. Therefore, the number ofcommon shares issued is calculated, assuming that the stock split was conducted at the beginning of the fiscal year ended
March 31, 2024.

* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters
Cautionary statement with respect to forward-looking statements and other special items Forecasts regarding future performance inthese materials are based on assumptions judged to be valid and information available to the Company at the time the materials
were created. These materials are not promises by the Company regarding future performance. Actual results of operations may
differ significantly from the forecasts depending on various factors.