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 Nine Months Ended December 31, 2022
(Based on Japanese GAAP)
January 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,General Manager, Finance Department

Hisashi Maruyama

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

February 10, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo

TEL

03-5765-8105(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changesProfit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2022
39,321
8.2
1,065
24.6
1,013
19.6
626 (74.0)
Nine months ended December 31, 2021
36,337
26.5
855
–
846
–
2,407
–
Earnings per share

Diluted earnings per share

Yen
93.63
359.57

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen72,666
72,179As of December 31, 2022
As of March 31, 2022

Equity ratio

Millions of yen
24,36323,314

Net assets per share%
33.5
32.3

Yen
3,639.40
3,482.66

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
0.00
0.00

Yen––

Yen
0.00

Yen
0.00

5.00

5.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Net sales
Full year

Millions of yen
55,000Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
12.0
1,300(9.6)
1,300(2.8)
700 (72.2)
104.5714. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(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 December 31, 2022

6,700,000 shares As of March 31, 2022

6,700,000 shares

5,678 shares As of March 31, 2022

5,654 shares

Number of treasury shares at the end of the period
As of December 31, 2022

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2022

6,694,329 shares Nine months ended December 31, 2021

26,694,418 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of December 31, 2022

AssetsCurrent assets
Cash and depositsNotes and accounts receivable - trade

10,134
9,102

6,343
9,720

Electronically recorded monetary claims - operating
Merchandise and finished goods

5,123
5,153

4,761
8,008

Work in process
Raw materials and supplies

4,936
1,531

5,568
1,955

601
(2)

566
(1)

36,58036,922

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

3,956
11,113

3,993
10,711Land
Other, net

16,245977

16,231
1,528

Total property, plant and equipment

32,292

32,464

Intangible assets
Investments and other assets

152124

Investment securities
Other

2,120
1,068

2,285
904

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

Allowance for doubtful accounts

(35)

(35)

Total investments and other assets

3,153

3,154

35,59835,744

72,17972,666

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2022

As of December 31, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade13,323

11,274

1,080
10,922

4,532
15,600

337
46

110
73

Provision for environmental measures
Other37
6,030–2,889Total current liabilities

31,77834,480Non-current liabilities
Long-term borrowings

11,520

8,162

3,041
2,237

3,041
2,344

21
266

48
225

17,087

13,822

48,86548,303

Shareholders' equity
Share capital

6,857

6,857

Capital surplus
Retained earnings

986
8,465

986
9,074

Electronically recorded obligations - operating
Short-term borrowings
Provision for bonuses
Provision for product warranties

Deferred tax liabilities for land revaluation
Retirement benefit liability
Provision for environmental measures
Other
Total non-current liabilities
Total liabilities
Net assets

Treasury shares
Total shareholders' equity

(10)

(10)

16,29816,907

804
6,059

925
6,077

163
(12)

458
(5)

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4

7,015

7,455

23,31424,36372,17972,666

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

Nine months ended

December 31, 2021

December 31, 2022

Net sales
Cost of sales

36,337
31,69039,321
34,388Gross profit

4,647

4,933

934

856

1,666

1,813

Provision for bonuses
Retirement benefit expenses

29
113

30
103

Depreciation
Other

183
864

148
915

3,791

3,867

855

1,065

Interest income
Dividend income

251

369

Rental income
Foreign exchange gains

28
128
–

Salse of scraps income
Other33
39

35
33

Total non-operating income

157

169

Selling, general and administrative expenses
Freight and packing costs
Remuneration, salaries and allowances for directors (and otherofficers)

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

Non-operating expenses
Interest expenses

104

126

Foreign exchange losses
Depreciation

–
41

73–

Other

20

22

Total non-operating expenses

166

222

846

1,013

Gain on sale of non-current assets
Insurance claim income

3
2,448

4–

Total extraordinary income

2,452

430

31–

16

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

3047

Profit before income taxes

Total extraordinary losses

3,268

969

Income taxes - current
Income taxes - deferred

549
312

217
125

Total income taxes

861

343

Profit2,407

626

Profit attributable to owners of parent

2,407

626

5

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2021

December 31, 2022

2,407

626

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

(71)
(59)

120
294

Remeasurements of defined benefit plans, net of tax

266(104)

422

Comprehensive income

Total other comprehensive income

2,302

1,049

Comprehensive income attributable toComprehensive income attributable to owners of parent

2,302

1,049

––

Comprehensive income attributable to non-controllinginterests6