Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2023
(Based on Japanese GAAP)
July 31, 2023
NIPPON KINZOKU CO., LTD.
Company name:
Stock exchange listing: Tokyo
Stock code:
Representative:

5491
President

URL

https://www.nipponkinzoku.co.jp/
Yasushi Shimokawa

Inquiries:
Managing Executive Officer
Scheduled date to file Quarterly Securities Report:

Hisashi Maruyama
August 9, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-5765-8105(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2023
Three months ended June 30, 2022Millions of yen
12,127
13,070Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
(7.2)
(163)
–(162)–(119)–
9.7
472 129.7
476 207.9
316–

Earnings per share

Diluted earnings per share

Yen(17.86)
47.28

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2023
As of March 31, 2023

Net assets

Millions of yen
72,39473,874Equity ratio

Millions of yen
24,531
24,449Net assets per share%
33.9
33.1

Yen
3,664.59
3,652.27

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
5.00

Yen
5.00

0.00

–

10.00

10.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
28,0008.1
300 (64.8)
200 (75.5)200 (63.9)
29.88
September 30, 2023
Full year
58,00010.3
1,200(5.8)
1,100 (14.3)
800 (12.7)
119.501

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

6,700,000 shares As of March 31, 2023

6,700,000 shares

5,678 shares As of March 31, 2023

5,678 shares

Number of treasury shares at the end of the period
As of June 30, 2023

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

6,694,322 shares Three months ended June 30, 2022

2

6,694,343 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of June 30, 2023

AssetsCurrent assetsCash and deposits
Notes and accounts receivable - trade

8,040
8,937

7,757
7,688

Electronically recorded monetary claims - operating
Merchandise and finished goods

4,820
8,644

5,344
8,241

Work in process
Raw materials and supplies

5,171
1,924

5,364
1,915

760
(1)

466
(1)

38,297

36,776

Buildings and structures, net
Machinery, equipment and vehicles, net

3,972
11,152

3,901
11,055Land
Other, net

16,230698

16,232
699

Total property, plant and equipment

32,05331,889Intangible assets
Investments and other assets

133

139

Investment securities
Other

2,377
1,046

2,588
1,034

Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Allowance for doubtful accounts

(34)

(34)

Total investments and other assets

3,389

3,588

35,57635,61873,874

72,394

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of June 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Provision for bonuses
Provision for product warranties

10,283

8,699

4,338
12,328

4,036
13,928

340
56

113
71

Other

3,992

4,067

Total current liabilities

31,33930,916Long-term borrowings
Deferred tax liabilities for land revaluation

12,212
3,041

10,987
3,041

Retirement benefit liability
Provision for environmental measures

2,550
48

2,576
47

Non-current liabilities

Other

232

292

18,085

16,94549,42447,862

Share capital
Capital surplus

6,857
986

6,857
986

Retained earnings
Treasury shares

9,364
(10)

9,211
(10)

Total shareholders' equity

17,197

17,044

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

983

1,134

Revaluation reserve for land
Foreign currency translation adjustment

6,077
408

6,077
485

Remeasurements of defined benefit plans

(217)

(209)

Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4

7,251

7,487

24,44924,53173,874

72,394

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

June 30, 2022

June 30, 2023

Net sales
Cost of sales

13,07011,30312,127
11,001Gross profit

1,767

1,126

298

245

Remuneration, salaries and allowances for directors (and otherofficers)

588

583

Provision for bonuses
Retirement benefit expenses

3035

2938

Depreciation
Other50
292

45
346

1,295

1,290

472(163)Interest income
Dividend income

034039Rental income
Sales of scraps income

913

99

Other56

Total non-operating income

6264

Interest expenses
Foreign exchange losses

43750
5Other

77Selling, general and administrative expenses
Freight and packing costs

Total selling, general and administrative expenses
Operating profit (loss)
Non-operating income

Non-operating expenses

Total non-operating expenses

5864476(162)

Gain on sale of non-current assets
Gain on sale of investment securities

0–0104

Total extraordinary income

0104

812

Ordinary profit (loss)
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities

17–

Total extraordinary losses

26

12Profit (loss) before income taxes

451(71)

Income taxes - current
Income taxes - deferred123
1169(21)

Total income taxes

134

48

Profit (loss)

316

(119)

Profit (loss) attributable to owners of parent

316

(119)

5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
316

(119)

Valuation difference on available-for-sale securities
Foreign currency translation adjustment(69)180

15076

Remeasurements of defined benefit plans, net of tax

27112

235

Comprehensive income

Total other comprehensive income

429

115

Comprehensive income attributable toComprehensive income attributable to owners of parent

429

115

––

Comprehensive income attributable to non-controllinginterests

6