Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2025
(Japan GAAP)
July 31, 2024
Company name:

Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing:Tokyo Stock Exchange

Code number:

5703

URL:

https://www.nikkeikinholdings.com/

Representative:

Ichiro OKAMOTO

Contact:

Chizu ISHIKAWA

Phone:+81-03-6810-7160

President & Chief Executive Officer
Public Relations and IR Director, Planning & Supervision
OfficeExpected date of dividends payment:―

Preparation of supplementary materials for quarterly
financial results:
Holding of a briefing on quarterly financial results:

Yes
Yes (for institutional investors and analysts)(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results for Three Months Ended June 30, 2024
(1) Consolidated Results of Operations (Accumulated Total)
Net sales

Operating profit(% figures show year-on-year change)
Profit attributable
Ordinary profit
to owners of parent
Millions ofMillions of
%
%
yen
yen

Millions ofyen%Millions ofyen%June 30, 2024

128,622

5.0

4,177

111.9

4,557

54.9

2,147

81.8

June 30, 2023

122,471

(0.6)

1,971

(42.7)

2,942(29.0)

1,181(54.8)

Three months ended(Note)

Comprehensive income:Three months ended June 30, 2024

¥5,551 million / 59.6%

Three months ended June 30, 2023

¥3,477 million / (27.7)%

Net profit per share(basic)Yen

Net profit per share(diluted)
Yen

June 30, 2024

34.66

－

June 30, 2023

19.07

－

Three months ended(2) Consolidated Financial Position

As of June 30, 2024

Total assets

Net assets

Millions of yen

Millions of yen%

546,013

241,53241.1

544,095

238,997

40.8

As of March 31, 2024
(Reference) Shareholders’ equity:

As of June 30, 2024
As of March 31, 2024

Equity ratio¥224,227 million¥222,160 million

2. Dividends
Annual dividends per share
End of firstquarter
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
Fiscal year ending
March 31, 2025
(forecasts)

Yen

End of second
quarterYen―

End of third
quarterYear-end

Total

Yen

Yen

Yen

10.00

―

40.00

50.00

20.00

―

50.00

70.00

―

(Note) Revisions to dividend forecasts published most recently:None

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2025
(April 1, 2024－March 31, 2025)(% figures show year-on-year change)
ProfitNet profit
Operating profit
Ordinary profit
Net sales
attributable toper shareowners of parent
Millions
Millions
Millions
Millions
%
%
%
%
Yen
of yenof yenof yenof yenSix months ending
260,000
3.8
8,000
40.8
8,000
19.6
5,000
133.2
80.72
September 30, 2024
Fiscal year ending
560,000
6.9
21,00015.5
20,000
5.1
13,00043.9
209.88March 31, 2025
(Note) Revisions to Forecast of Financial Results published most recently: Yes
For details, please refer to “1. Qualitative Information on Quarterly Results (3) Explanation of forward-looking
information, including consolidated earnings forecasts” on p. 4 of the attached documents.

*Notes(1) Significant changes in the scope of consolidation during the period: None
Newly added: ― (Company name: ― )Excluded: ― (Company name: ― )(2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatements(i) Changes in accounting policies due to revision of accounting standards:
Yes(ii) Changes in accounting policies other than item (i) above:None(iii) Changes in accounting estimates:None(iv) Restatement:
None(Note) For details, please refer to “2. Quarterly Consolidated Financial Statements and Important Notes (3)Notes regarding the quarterly consolidated financial statements (Notes on changes in accounting policies)”on p. 10 of the attached documents.
(4) Number of shares outstanding (common stock)(i) Number of shares outstanding at end of period (including treasury stock)
As of June 30, 2024
61,993,750 shares
As of March 31, 2024
61,993,750 shares(ii) Number of treasury stock at end of period
As of June 30, 2024
53,773 shares
As of March 31, 2024
52,490 shares(iii) Average number of shares outstanding during the term
For the three months ended June 30, 2024
61,940,575 shares
For the three months ended June 30, 2023
61,923,051 shares*

Review of the Japanese-language originals of the attached consolidated quarterly financial statements bycertified public accountants or an audit firm: None*

Explanations concerning the appropriate use of financial forecasts and other special notes(Note of caution concerning forward-looking statements)
The forward-looking statements such as results forecasts included in this document are based on theinformation available to the Company at the time of the announcement and on certain assumptions consideredreasonable, and the Company makes no representations as to their achievability. Actual results may differ
materially from the forecast depending on a range of factors. For the conditions for the premise of earnings
forecasts and the precautions when using the forecasts, please refer to “1. Qualitative Information on Quarterly
Results (3) Explanation of forward-looking information, including consolidated earnings forecasts” on p. 4 of theattached documents.

* 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.

[Attached documents]
Index
Page

1. Qualitative Information on Quarterly Results .......................................................................................................... 2(1) Explanation of consolidated operating results position ........................................................................................ 2(2) Explanation of consolidated financial position..................................................................................................... 4(3) Explanation of forward-looking information, including consolidated earnings forecasts .................................... 4
2. Quarterly Consolidated Financial Statements and Important Notes ......................................................................... 6(1) Quarterly consolidated balance sheets .................................................................................................................. 6(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income .......... .... 8
Quarterly consolidated statements of income(April 1, 2024 – June 30, 2024) ............................................................................................................................ 8
Quarterly consolidated statements of comprehensive income(April 1, 2024 – June 30, 2024) ............................................................................................................................ 9(3) Notes regarding the quarterly consolidated financial statements ........................................................................10(Notes on premise of going concern) ................................................................................................................10(Notes on significant fluctuations in value of shareholders’ equity, if any) .....................................................10(Notes on changes in accounting policies) ........................................................................................................10(Notes on the quarterly consolidated statements of cash flows) .......................................................................11(Notes on segment information, etc.) ................................................................................................................11

1

1. Qualitative Information on Quarterly Results(1) Explanation of consolidated operating results position
During the first three months of the current consolidated fiscal year, economic activity in Japan generally showed agradual recovery. However, the outlook still remains uncertain, given foreign exchange fluctuations including thedepreciating yen, persistently high and rising prices of raw materials, fuels, and materials, as well as unstableinternational conditions, such as the prolonged invasion in Ukraine, worsening conditions in the Middle East, andChina's economic slowdown, among other factors.
The Group saw continued sluggish sales in the Chinese automobile sector, the impact of automobile production cutsin Japan, and a decline in the panel system division’s sales of large projects in the freezing and refrigeration field.
Nevertheless, net sales surpassed the levels of the previous fiscal year, as the secondary alloy ingot division to theautomobile sector continued to perform well in the U.S., the truck body business continued to enjoy solid sales, andthe aluminum ingot market was on the upswing. On the profit side, the aluminum sheet and extrusions segment
improved significantly over the same period of the previous fiscal year, along with higher profits in both the aluminum
ingot and chemicals segment and the aluminum foil, powder and paste segment than the levels in the previous fiscal
year. As a result, operating profit, ordinary profit, and profit attributable to owners of parent increased compared tothe same period of the previous fiscal year.
Consolidated Results of Operations(Millions of yen)

Net sales
Operating profit
Ordinary profit
Profit attributableto owners of parent

Three months ended
June 30, 2024
128,622
4,177
4,557

Three months ended
June 30, 2023
122,471
1,971
2,942

2,147

1,181

Change

YoY

6,151
2,206
1,615

5.0%
111.9%
54.9%

966

81.8%

Earnings by segment
Segments(Millions of yen)
Operating profit(over previous fiscal year)

Net sales(over previous fiscal year)

Aluminum ingot
and chemicals

40,563

2,197

5.7%

3,849

574

17.5%

Aluminum sheet
and extrusions

24,153

2,055

9.3%

632

1,365

－

Fabricated products
and others

37,358664

1.8%(1,125)(51)－

Aluminum foil,
powder and paste

26,548

1,235

4.9%

1,802

280

18.4%

Elimination andcompany-wide

－

－

－

(981)

38

－

128,622

6,151

5.0%

4,177

2,206

111.9%Total

An overview of each business segment is provided below.
As described in “2. Quarterly Consolidated Financial Statements and Important Notes (3) Notes regarding thequarterly consolidated financial statements (Notes on segment information, etc.)” effective June 25, 2024, theCompany has adopted a business operating structure under business groups and functional organizations, with theobjective of maximizing its corporate value as the Group.

2

Accordingly, the divisions and products belonging to the reportable segments are presented under business groups asfollows, and some divisions and products have been reclassified.
Segment information on net sales and operating profit, as well as the comparisons to the same period of the previous
fiscal year, for the first three months of the fiscal year ended March 31, 2024, are presented after the above
reclassification.
Reportable segments
Aluminum ingot andchemicals
Aluminum sheet andextrusions

Fabricated products andothers

Aluminum foil, powder
and paste

Business groups
Chemicals business group
Metal business group
Sheet & extrusion businessgroup
Transport equipment business
group
Automotive parts business group
Engineering business group
Infrastructure business group

Aluminum foil business group

Main divisions/products
Chemicals, Carbon products
Secondary alloy ingots
Aluminum sheet and extrusions,Electronic materials
Truck bodies
Automotive parts
Panel systems, Landscape engineering
Nippon Light Metal Company, Ltd.;
Kambara Complex, TomakomaiComplex, Logistics
Aluminum Foils, powder and paste,
Household products<Aluminum ingot and chemicals>
In the chemicals business group, the chemicals division posted sales of its mainstays, aluminum hydroxide andalumina-related products for refractories and abrasives, on a par with the levels of the previous fiscal year. However,a slowdown in sales of organic chlorine compounds among chemical products, as well as weak sales of products forflocculants, had a negative impact, resulting in both net sales and operating profit slightly lower than in the same
period of the previous fiscal year.
In the metal business group, the secondary alloy ingot division’s overseas sales of its mainstay products forautomobiles continued to be strong in the U.S., while sales volume in Japan declined, partly due to continued cuts in
auto production that began in the fourth quarter of the previous fiscal year. On the other hand, net sales were above
the same period of the previous fiscal year due to the effect of higher sales prices reflecting the aluminum ingot market
conditions. On the profitability side, despite the impact of lower sales and higher material prices in the secondary
alloy ingot division, operating profit was higher than in the same period of the previous year, which was significantly
impacted by the upswing in aluminum market prices.
As a result of the above, net sales of the aluminum ingot and chemicals in the first quarter of the current consolidated
fiscal year increased by 2,197 million yen (5.7%) year on year, from 38,366 million yen to 40,563 million yen.
Operating profit in this segment increased by 574 million yen (17.5%) year on year, from 3,275 million yen to 3,849
million yen.
<Aluminum sheet and extrusions>
In the sheet & extrusion business group, sales volume in the aluminum sheet division increased compared with thesame period of the previous fiscal year, despite a correction still to be made in sales of thick-gauge plate forsemiconductor manufacturing equipment. In addition, higher sales prices reflecting the aluminum market conditions
resulted in both net sales and operating profit exceeding the levels of the previous fiscal year.
In the extrusions division, although sales of products for semiconductor manufacturing equipment need more time torecover, sales of products for truck bodies have been on a solid path since the recovery of sales from the previous
fiscal year, and sales price increases reflecting the aluminum market conditions, in addition to the effect of sales pricerevisions, resulted in both net sales and operating profit surpassing the levels of the previous fiscal year.
As a result of the above, net sales in the aluminum sheet and extrusion products segment for the first three months ofthe current consolidated fiscal year increased by 2,055 million yen (9.3%) year on year, from 22,098 million yen to
24,153 million yen. An operating profit of 632 million yen was recorded, representing an improvement of 1,365
million yen from the operating loss of 733 million yen recorded in the same period of the previous fiscal year.
3<Fabricated products and others>
In the transport equipment business group, sales of products for truck bodies have been on a solid path since therecovery of sales from the previous fiscal year. In addition, the effect of sales price revisions resulted in higher net
sales over the same period of the previous fiscal year. Profitability continued to improve from the same period of theprevious fiscal year, despite the impact of higher material prices.
In the automotive parts business group, sales in Japan were affected by continued automobile production cuts thatbegan in the fourth quarter of the previous fiscal year, despite an increase in sales due to the launch of new products.
Overseas, although mass-production operations were launched at the new U.S. plant, the Chinese market remains
sluggish. This resulted in lower net sales and a deterioration in profitability compared with the previous fiscal year.
In the engineering business group, the panel system division posted solid sales in the clean room field, with continued
demand for clean rooms for semiconductor-related manufacturers. However, the division’s sales in the freezing andrefrigeration field declined in large projects for food factories and low-temperature distribution warehouses as a resultof trends such as the revision of construction periods and plans due to rising costs of materials, as well as labor
shortages and regulation of working hours in the construction industry. As a result, both net sales and operating profit
fell below the levels of the previous fiscal year.
As a result of the above, net sales in the fabricated products and others segment increased by 664 million yen (1.8%)
to 37,358 million yen in the first three months of the current consolidated fiscal year, compared to 36,694 million yen
in the same period of the previous fiscal year. An operating loss of 1,125 million yen was recorded, representing adownward change of 51 million yen from the 1,074 million yen loss recorded in the same period of the previous fiscal
year.
<Aluminum foil, powder and paste>
In the aluminum foil business group, although the aluminum foil division posted solid sales of processed foil for
medical product packaging, net sales for the division overall were flat at the level of the previous fiscal year, partly
due to the ongoing inventory adjustment of foils for automotive lithium-ion battery exteriors.
In the powder and paste division, sales of powder products for heat dissipation, such as aluminum powder forelectronic materials and aluminum nitride, surpassed the levels of the previous fiscal year. In addition, sales of paste
products for mainstay automobile paints were on par with the previous fiscal year both in domestic and overseas
markets. As a result, net sales for the division overall were higher than in the same period of the previous fiscal year.
In the daily necessities division, sales of kitchen utensils to consumers fell below the levels of the previous fiscal year,
but sales of packaging products for frozen food products remained strong. As a result, net sales for the division overall
exceeded the levels of the previous fiscal year.
As a result of the above, net sales of the aluminum foil, powder and paste segments in the first three months of thecurrent consolidated fiscal year increased by 1,235 million yen (4.9%) year on year, from 25,313 million yen to 26,548
million yen. Operating profit increased by 280 million yen (18.4%) year on year, from 1,522 million yen to 1,802
million yen.
(2) Explanation of consolidated financial position
Status of assets, liabilities, and net assets
As of the end of the first three months of the current consolidated fiscal year, total assets increased by 1,918 million
yen compared to the end of the previous consolidated fiscal year, to 546,013 million yen due to an increase ininventories caused by rising aluminum ingot prices and the depreciating yen, among other factors. Liabilities
decreased by 617 million yen compared to the end of the previous consolidated fiscal year to 304,481 million yen due
to a decrease in income taxes payable as a result of the filing and payment of income taxes and other factors. Net
assets increased by 2,535 million yen compared to the end of the previous consolidated fiscal year to 241,532 million
yen due to an increase in foreign currency translation adjustment in response to the depreciating yen and other factors.
The equity ratio rose from 40.8% at the end of the previous consolidated fiscal year to 41.1%.
(3) Explanation of forward-looking information, including consolidated earnings forecasts
We have revised the earnings forecasts for the first half of the fiscal year ending on March 31, 2025 (April 1, 2024 March 31, 2025) that were released on May 15, 2024, as follows.
Consolidated earnings forecasts for the first half of the fiscal year ending in March 20254

(April 1 – September 30, 2024)

Previous forecasts (A)announced
Revised forecasts (B)Amount of change(B-A)
Percent change (%)(Ref)
Results of the first halfof the previous fiscal
year(Fiscal year ended
March 31, 2024)

Profitattributable to Net profit per
shareowners ofparentMillions ofYenyen

Net sales

OperatingprofitOrdinary
profitMillions ofyenMillions ofyenMillions ofyen

260,000

5,500

5,000

2,500

40.36

260,000

8,000

8,000

5,000

80.72

0

2,500

3,000

2,500

－

0

45.5

60.0

100.0

－

250,452

5,681

6,689

2,144

34.62

Our earnings forecasts for the first half of the current consolidated fiscal year assume that sales of aluminum sheet
and extrusions, and truck bodies will continue to recover as in the first three months of the current fiscal year, andthat sales of aluminum foil, powder and paste will maintain the high profit level in line with the same period of theprevious fiscal year, while sales of aluminum ingot and chemicals are also expected to remain solid. Moreover, whilesluggish sales continued in China's automobile-related sector and there is uncertainty about the outlook for a recovery
of automobile production cuts in Japan, and as a result we expect operating profit, ordinary profit and profit
attributable to owners of parent to be higher than we had previously forecast (on May 15, 2024) in the first half of thecurrent consolidated fiscal year.
Despite signs of recovery in semiconductor-related products, given the uncertainties related to the automobile sector,
among other factors, we have not changed our full-year consolidated earnings forecasts for the fiscal year ending on
March 31, 2025, released on May 15, 2024.
We have not changed our dividend forecasts for the fiscal year ending on March 31, 2025 (interim dividend of 20
yen and year-end dividend of 50 yen per ordinary share).
(Note) The forward-looking statements such as earnings forecasts included in this document are based on theinformation available to the Company at the time of the announcement and on certain assumptions consideredreasonable. Actual results may differ materially from the forecasts depending on a range of factors.

5

2. Quarterly Consolidated Financial Statements and Important Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, andcontract assets
Merchandise and 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
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

As of June 30, 2024

35,206

34,739157,077

150,505

42,251
23,26429,29015,180(286)
301,982

44,34825,466
31,69916,733(268)
303,22259,07946,054
5,733
55,66912,102
178,637

61,057
46,965
5,812
55,804
9,767
179,405

1,461
10,512
11,973

1,479
10,29011,76952,047(544)
51,503242,113544,095

52,147(530)
51,617
242,791
546,013(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for environmental measures
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
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-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

7

As of June 30, 2024

73,54692,8084,679
8,428
38,567218,028

73,991
109,8111,005
7,853
34,860227,520908
62,375
16,932
6,855
87,070305,098966
51,82017,133
7,042
76,961
304,481

46,52519,031
139,638(74)
205,120

46,52519,047
139,330(76)
204,826

6,161

6,807

38
145
9,121
1,575

67
145
10,9291,453

17,04019,401

16,837238,997544,095

17,305
241,532
546,013

(2) Quarterly Consolidated Statements of Income andQuarterly Consolidated Statements of Comprehensive Income
Quarterly Consolidated Statements of Income(April 1, 2024 – June 30, 2024)(Millions of yen)Three months ended
June 30, 2023

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

8

Three months ended
June 30, 2024

122,471
103,520
18,951
16,9801,971

128,622
106,466
22,156
17,979
4,177

698
1,247
1,945

624
916
1,540

330
644
974
2,942
2,942
516
1,139
1,655
1,287
106
1,181

363
797
1,160
4,557
4,557
590
1,417
2,007
2,550
403
2,147

Quarterly Consolidated Statements of Comprehensive Income(April 1, 2024 – June 30, 2024)(Millions of yen)Three months ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof taxShare of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests

9

Three months ended
June 30, 2024

1,287

2,550

880

786

17
1,357

30
1,874

(56)

(121)

(8)

432

2,190
3,477

3,001
5,551

2,975

4,532

502

1,019

(3) Notes regarding the quarterly consolidated financial statements(Notes on premise of going concern)
Not applicable(Notes on significant fluctuations in value of shareholders’ equity, if any)
Not applicable(Notes on changes in accounting policies)(Application of “Accounting Standard for Current Income Taxes,” etc.)
The Company has applied the “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27, October28, 2022; the “Revised Accounting Standard 2022” ), etc. from the beginning of the first quarter ended June 30, 2024.
Previously, calculated amounts of current income taxes on income, etc. (“Income Taxes”) were recorded in profit orloss in accordance with laws and regulations, but now Income Taxes on income are recorded separately in profit orloss, shareholders’ equity, or other comprehensive income according to the transaction, etc., from which it occurred.
For Income Taxes recorded in accumulated other comprehensive income, when a transaction, etc. is recorded in profit
or loss that gives rise to Income Taxes, the corresponding tax amount will be recorded in profit or loss. Additionally,
if the transaction, etc., subject to taxation is related to shareholders’ equity or other comprehensive income in addition
to profit or loss, and it is difficult to calculate the amount of Income Taxes, to be applied to shareholders’ equity orother comprehensive income, the amount of such taxes is recorded in profit or loss.
For the treatment of the tax effect of the deferral for tax purposes of gains or losses on sale of shares in subsidiaries,
etc. between consolidated companies when deferred tax assets or liabilities are recorded for temporary differences
related to such gains or losses in the financial statements of the entity that sold the shares in subsidiaries, etc., theamount of deferred tax assets or liabilities related to such temporary differences was previously not adjusted in the
consolidation process, but now deferred tax assets or liabilities related to such temporary differences are reversed.
The amendment to categories in which Income Taxes should be recorded (taxes on other comprehensive income)follows the transitional treatment prescribed in the proviso of paragraph 20-3 of the Revised Accounting Standard
2022 and the transitional treatment prescribed in the proviso (2) of paragraph 65-2 of Implementation Guidance on
Tax Effect Accounting (ASBJ Guidance No. 28, October 28, 2022) (“Revised Implementation Guidance 2022 ”).
Accordingly, the cumulative impact of retrospectively applying the new accounting policies to prior to the beginningof the first quarter ended June 30, 2024, was added or subtracted to retained earnings at the beginning of the firstquarter ended June 30, 2024, and the corresponding amount was added or subtracted to the appropriate category ofcapital surplus or accumulated other comprehensive income, with the new accounting policies applied from the
beginning balance. As a result, retained earnings at the beginning of the first quarter ended June 30, 2024, increased
by 24 million yen and valuation difference on available-for-sale securities decreased by the same amount.
In response to the amendment related to the revised accounting treatment for consolidated financial statements when
gains or losses on sale of shares in subsidiaries, etc. between consolidated companies were deferred for tax purposes,
the Company has applied the Revised Implementation Guidance 2022 from the beginning of the first quarter ended
June 30, 2024. This change in accounting policies was applied retrospectively. Hence, the quarterly consolidated
financial statements for the same quarter of the prior fiscal year and the consolidated financial statements for the priorfiscal year have been modified retrospectively. As a result, retained earnings of the prior fiscal year, increased by 902
million yen and deferred tax assets increased by the same amount.

10

(Notes on the quarterly consolidated statements of cash flows)
Quarterly consolidated statements of cash flows have not been prepared for the first quarter of the current consolidated
fiscal year. Depreciation (including amortization related to intangible assets, except for goodwill) and amortization of
goodwill for the first quarter of the current consolidated fiscal year are as follows.
(Millions of yen)Three months ended June 30, 2023
(April 1, 2023 to June 30, 2023)
Depreciation
Amortization of goodwill

Three months ended June 30, 2024
(April 1, 2024 to June 30, 2024)

4,955

4,940

172

68

(Notes on segment information, etc.)< Segment information>
I. First Three Months of the Fiscal Year Ended March 31, 2024 (April 1, 2023, to June 30, 2023)
1. Information on net sales and profit (loss) by reporting segment(Millions of yen)
Reporting segments
Quarterly
Adjust- consolidated
Aluminum Aluminum Fabricated Aluminum
ments*1
profit/loss
ingot andsheet and products and foil, powder
Totalposted*2chemicals extrusions
othersand paste
Net sales
Net sales to external
38,36622,09836,69425,313
122,471
122,471－
customers
Intersegment sales
16,053
9,696
3,144
79
28,972(28,972)－
or transfers
54,41931,794
39,83825,392
151,443(28,972)
122,471
Total
3,275
(733)
(1,074)
1,522
2,990(1,019)
1,971
Segment profit (loss)
Notes:*1 The 1,019-million-yen negative adjustment to segment profit (loss) represents corporate expenses and mainlycomprises expenses related to General Affairs, HR, Accounting, and other head office administration
departments of the Company and Nippon Light Metal Company, Ltd.
*2 Segment profit (loss) is adjusted with operating profit on the quarterly consolidated statements of income.
2. Information related to impairment loss of non-current assets and goodwill by reporting segment:
Not applicable11II. Fiscal Year Ending March 31, 2025 (April 1, 2024, to June 30, 2024)
1. Information on net sales and profit (loss) by reporting segment
Reporting segments
Aluminum Aluminum Fabricated Aluminum
ingot andsheet and products and foil, powder
chemicals extrusions
othersand paste

Total(Millions of yen)
Quarterly
Adjust- consolidated
ments*1
profit/loss
posted*2

Net sales
Net sales to external
40,56324,15337,35826,548
128,622
128,622－
customers
Intersegment sales
17,847
12,6963,425
63
34,031(34,031)－
or transfers
58,41036,84940,783
26,611
162,653(34,031)
128,622
Total
3,849
632
(1,125)
1,802
5,158
(981)
4,177
Segment profit (loss)
Notes:*1 The 981-million-yen negative adjustment to segment profit (loss) represents corporate expenses and mainlycomprises expenses related to General Affairs, HR, Accounting, and other head office administration
departments of the Company and Nippon Light Metal Company, Ltd.
*2 Segment profit (loss) is adjusted with operating profit on the quarterly consolidated statements of income.
2. Information related to impairment loss of non-current assets and goodwill by reporting segment:
Not applicable
3. Notes on changes in reporting segments, etc.
Effective from the first quarter of the current consolidated fiscal year, we have adopted a business operating
structure under business groups and functional organizations, with the objective of maximizing its corporate
value as the Group. Accordingly, some divisions belonging to the aluminum ingot and chemicals segment, thealuminum sheet and extrusions segment, and the fabricated products and others segment have been reclassified.
For segment information for the first three months of the fiscal year ended on March 31, 2024, the information
prepared based on the reporting segments for the first three months of the fiscal year ending on March 31, 2025
is provided.

12