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, 2024
(Based on Japanese GAAP)
August 7, 2024
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 commence dividend payments:

Hisashi Maruyama–Preparation of supplementary material on financial results:
Holding of financial results meeting:

NoNoTEL

03-5765-8105(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
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
13,022
7.4
(156)
–(95)
–(134)–
Three months ended June 30, 2023
12,127(7.2)(163)–(162)–(119)–Earnings per share

Diluted earnings per share

Yen(20.11)(17.86)

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
72,28375,085

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

Equity ratio

Millions of yen
27,02026,863

Net assets per share%37.435.8Yen
4,036.44
4,012.92

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
0.00

Yen
0.00

0.00

–

0.00

0.00

Year ended March 31, 2024
Year ending March 31, 2025
Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Millions of yen
Six months ending
September 30, 2024
Full year

Percentages 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

26,0007.1(200)–(300)–(200)–(29.88)

54,000

5.0

300

–

150

–

100(93.5)

14.94

1

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

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
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(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, 2024

6,700,000 shares As of March 31, 2024

6,700,000 shares

5,899 shares As of March 31, 2024

5,862 shares

Number of treasury shares at the end of the period
As of June 30, 2024

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

6,694,126 shares Three months ended June 30, 2023

26,694,322 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

12,040
8,406

9,791
7,158

Electronically recorded monetary claims - operating
Merchandise and finished goods

7,0957,300

7,938
7,006

Work in process
Raw materials and supplies

5,220
2,030

5,305
2,067

458
(1)

408
(1)

42,551

39,675

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

3,464
10,3203,407
10,141Land
Other, net

13,792687

13,792727

Total property, plant and equipment

28,26428,069Intangible assets
Investments and other assets

120

122

Investment securities
Other

3,002
1,179

3,295
1,154

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

Allowance for doubtful accounts

(33)

(33)

Total investments and other assets

4,148

4,417

32,53332,60875,08572,283

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade

10,152

9,527

4,205
12,412

4,208
12,107

784
300

98
99

Provision for product warranties
Other52
2,536

67
2,531

Total current liabilities

30,444

28,639Non-current liabilities
Long-term borrowings

11,71010,515

3,041
2,593

3,041
2,598

43
388

42426

17,777

16,62348,22245,263

Shareholders' equity
Share capital

6,857

6,857

Capital surplus
Retained earnings

986
11,128986
10,993

Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provision for bonuses

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

Treasury shares

(10)

(10)

18,961

18,826

Valuation difference on available-for-sale securities
Revaluation reserve for land

1,424
6,077

1,627
6,077

Foreign currency translation adjustment
Remeasurements of defined benefit plans

651
(251)

732
(243)

Total shareholders' equity
Accumulated other comprehensive income

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

4

7,901

8,193

26,86327,02075,08572,283

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, 2023

June 30, 2024

Net sales
Cost of sales

12,127
11,001

13,022
11,869Gross profit

1,126

1,153

245

255

Remuneration, salaries and allowances for directors (and otherofficers)

583

585

Provision for bonuses
Retirement benefit expenses

2938

2440

Depreciation
Other

45
346

42361

1,290

1,310(163)(156)

Interest income
Dividend income

039

144

Rental income
Foreign exchange gains

9–

827

Sales of scraps income
Other

96

939

Total non-operating income

64

130

Selling, general and administrative expenses
Freight and packing costs

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

Non-operating expenses
Interest expenses

5055

Foreign exchange losses
Other57–
12

Total non-operating expenses

6468(162)(95)

Ordinary loss
Extraordinary income
Gain on sale of non-current assets

00

Gain on sale of investment securities

1040

Total extraordinary income

1040

Loss on retirement of non-current assets

127

Total extraordinary losses

127

Loss before income taxes

(71)

(101)

Income taxes - current
Income taxes - deferred69(21)

60(27)

Total income taxes

4833

Loss(119)(134)

Loss attributable to owners of parent

(119)

(134)

Extraordinary losses

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

Loss
Other comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
(119)

(134)

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

150
76

202
81

Remeasurements of defined benefit plans, net of tax

78235

291

Comprehensive income

Total other comprehensive income

115

157

Comprehensive income attributable toComprehensive income attributable to owners of parent115

157––

Comprehensive income attributable to non-controllinginterests

6