Consolidated Financial Results
for the Nine Months
Ended December 31, 2021
DaikyoNishikawa CorporationFebruary, 2022
©DaikyoNishikawa
2014年8月 Corporation All rights reserved.

Table of Contents

1. Financial Results

Page 2

2. Financial Forecast for Fiscal 2021

Page 10©DaikyoNishikawa Corporation All rights reserved.

P.1

1. Financial Results©DaikyoNishikawa Corporation All rights reserved.

P.2

Highlights【Third Quarter Results】■Sales decreased year on year due to lower production volume ofmajor customers and the impact of accounting standards changes
although a certain sales contribution brought by sales channelsexpansion.
■In terms of profits, resulted a loss of 2,336 million yen due to thepreparation costs for the new plant in the United States andoperating loss caused by sudden production fluctuations.

©DaikyoNishikawa Corporation All rights reserved.

P.3

Consolidated Profit and Loss Statement
Sales declined due to decreased production volume and the impact of changes inaccounting standards. Profit-wise, operational loss due to preparation costs of newplant in the United States and sudden production fluctuations.
(Millions of Yen)

Nine Months
EndedDec. 31, 2020

Nine Months
EndedDec. 31, 2021

Changes(Y on Y)

Changes (%)

106,248

84,533-21,715-20.4%

Operating Income

2,451-2,336-4,787－

Ordinary Income

3,123-2,058-5,182－

Profit Attributableto Owners ofParent

1,339-2,166-3,505－

Operating Profit
Margin2.3%－－－

Net Income perShare

18.88yen-30.52yen-49.40yen－Net Sales©DaikyoNishikawa Corporation All rights reserved.

P.4

Net sales increase or decrease factor(Millions of Yen)
120,000

4,612-21,837

100,000-5,490

22976

80,00060,000106,248
84,53340,00020,0000
2021年3月期
売上高

製品売上

収益認識
会計基準適用©DaikyoNishikawa Corporation All rights reserved.

要具売上

P.5

その他売上

為替影響

2022年3月期
売上高

Operating income increase or decrease factor(Millions of Yen)
3,000

2,000

1,000

2,451
-4,1680-619-1,000157

1,250-2,336-90-1,318-2,000-3,000
2021年3月期
営業利益

台数・製品構成

コスト改善©DaikyoNishikawa Corporation All rights reserved.

ローンチ費用

P.6

減価償却費

為替影響

その他費用

2022年3月期
営業利益

Outline of segment business performance
Segment

Outline of business performance

Japan SALES：Declined due to a decrease in production volume ofeach customer and the changes in accounting standards
 PROFIT：Loss of 694 million yen due to sudden production fluctuations
and increase in development costs

China/Korea

 SALES：Increased due to the Japanese currency conversion
 PROFIT：Decreased due to declined production

ASEAN

 SALES：Declined due to a decrease in mold sales in Thailand PROFIT：Increased profit due to cost reduction effect in Thailand

Americas SALES：Declined due to a decrease in mold sales■ PROFIT：Loss of 1,624 million yen due to increased preparation costs
for a new plant in the United States©DaikyoNishikawa Corporation All rights reserved.

P.7

Sales by Segment
Although there was an increase in sales through expansion of sales
channels, total sales decreased due to a declined production volume andthe impact of changes in accounting standards.
Nine Months
Ended
Dec. 31, 2020

DomesticJapan(Millions of Yen)
Changes(Y on Y)

Changes(%)

79,860(75.2)

62,884(74.4)-16,976(-0.8Pts)-21.3%

China/Korea

3,861

4,195

334

8.7%

ASEAN

6,027

6,813

786

13.0%

Americas16,49910,640-5,859-35.5%

Overseas
TTL

26,388(24.8)

21,649(25.6)-4,738(0.8Pts)

106,248

84,533-21,715(component ratio)

Overseas

Nine Months
Ended
Dec. 31, 2021

(component ratio)

Total-18.0%-20.4%*Since the accounting standard for revenue recognition has been applied since the fiscal year ended March 2022,
the actual value before the application of the standard include differences.
©DaikyoNishikawa Corporation All rights reserved.

P.8

Operating Income by Segment
Resulted loss due to the preparation costs for the new plant in the UnitedStates and operating loss caused by sudden production fluctuations.
(Millions of Yen)

Domestic

Overseas

Nine Months
Ended
Dec. 31, 2020

Nine Months
Ended
Dec. 31, 2021

857
(37.7)-694(-)-1,552China/Korea

292

171

-120

-41.3%

ASEAN

156

165

8

5.7%

Americas966-1,624-2,591-

OverseasTTL

1,416(62.3)-1,287(-)-2,702
(-)

-

2,273

-1,982-4,255-Japan(component ratio)(component ratio)

Total©DaikyoNishikawa Corporation All rights reserved.

P.9

Changes(Y on Y)

Changes(%)(-)-2. Financial Forecast for Fiscal 2021

©DaikyoNishikawa Corporation All rights reserved.

P.10Highlights【Summary of FY2021 business forecast】■At the time of the announcement on October 21, 2021, the production volume
in the second half started on a downward trend, but it was expected torecover, so the estimated production unit in the later half was calculated
unchanged as of the announcement on August 4, 2021.
■Due to the global supply shortage of semiconductors and the prolonged
difficulty in the procurement from Southeast Asia due to the influence of theCOVID-19, the production volume of each customer is expected to be lower
than expected, and the sales are expected to be lower than the previous
forecast.

■Regarding profits, made every efforts to reduce all costs and implement cost
improvement activities such as streamlining production processes, curbing
investment. But due to cost deterioration due to sudden production
fluctuations and decreased sales, profit shall be lower than the previous
forecast.

©DaikyoNishikawa Corporation All rights reserved.

P.11

FY2021 Forecast
Due to the shortage of semiconductor supply influenced by COVID-19, thecustomer’s production volume is expected to be lower than the previous(Millions of Yen)
forecast.
FY2021
Forecast

FY2021
Forecast(as of Oct. 21,2021)(as of Feb 8, 2022)*124,000*119,000-5,000-4.0%

Operating Income

400-1,300-1,700－

Ordinary Income

1,700

100-1,600-94.1%

Profit Attributable toOwners of Parent

0-1,300-1,300－Operating Profit
Margin0.3%－－－

Net Income perShare

0.00yen-18.31yen－－

Net Sales

Changes(%)

Changes*Since the accounting standard for revenue recognition has been applied from the fiscal year ending March 2022, theconsolidated earnings forecast is based on this standard.
©DaikyoNishikawa Corporation All rights reserved.

P.12

Capital Investment, Depreciation and R&D Expenses≪Capital Investment≫≪Depreciation≫

Anticipate decrease due to changes indevelopment content, investment timing,and pursuance of efficiency

Anticipate decrease due to review ofamortization period of new US plant※FY2021: Plan

※FY2021: Plan

35

16
(Billionsof yen)(Billions of yen)

304
11.8

12
10.7 10.5（Initial plan）

20.1

20
1513.1※FY2021: Plan

5（Initial plan）

25.0

16.4

Re-accelerate R & D to create productsthat exceed the expectations of societyand customers(Billions of yen)

1425

≪R&D Expenses≫

17.0

10

18.8

9.1

9.0

3.2
11.2

9.5

38

7.6

26

1050

©DaikyoNishikawa Corporation All rights reserved.

3.0

3.0

2.96
2.6

14.4

7.2

3.0

4

1

200

P.13

2.4

Dividends
Interim dividends is 15yen as planned,year-end dividends forecast remains unchanged
Dividends per share
40
35

28.25

30

16.25

34

18

1728

25
2034

1916

9.25

12

FY2015FY20163030

151730（Plan）

15（Plan）

151050(Yen)

10.6255.625
FY20141617151315FY2017

FY2018FY2019FY2020

FY2021

Interim period

End of period※On January 1, 2016, we split its common stock into four shares.
The annual dividends for FY2014 and the interim dividends for FY2015 are calculated as dividends per share, assuming that a※ stock split was conducted.

Payout Ratio
FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021(Plan)

17.0％

17.7％

18.9％

19.3％

23.2％

43.3％

83.9％

－※FY2016：Excluding commemorative dividend©DaikyoNishikawa Corporation All rights reserved.

P.14

Important Information
This presentation material contains certain statements describing the future plans, strategies
and performance of DaikyoNishikawa Corporation and its consolidated subsidiaries. Thesestatements are not based on historical or present fact, but rather assumptions and estimates
based on information currently available. These future plans, strategies and performances are
subject to known and unknown risks, uncertainties and other factors. DaikyoNishikawa
Corporation’s actual performance, business activities and financial position may differ materiallyfrom the assumptions and estimates provided on account of the risks, uncertainties and otherfactors. The information contained on this presentation should not be considered as an offer, orsolicitation, to deal in any of the investments or funds.

Contact
DaikyoNishikawa Corporation
Corporate Planning Department
Phone: +81-82-493-5610©DaikyoNishikawa Corporation All rights reserved.