Briefing Materialfor 1st quarter ended Mar. 31, 2021

May. 7, 2021
NAKANISHI INC.

Disclaimer
The information presented in these materials contains forward-looking statements about futurebusiness performance. These statements by definition involve risks and uncertainties and are
not intended to guarantee future performance. Actual results in the future may differ fromexpectations and the projections presented in these materials due to changes in the global
economy and fluctuations in foreign currency exchange rates and so on. NSKNSKNSKNSKNSKFinancial Result for FY2021Q1

Consolidated PerformanceYoY Comparison

FY2021 Q1

FY2020 Q1

ActualActualAmountRatio

11,337

7,296+4,041+55.4%

6,728

4,119+2,609

63.3%

59.4%

56.5%

+2.9pt-3,675

1,109+2,566+231.3%

32.4%

15.2%

+17.2pt

-

4,113

555

+3,558+641.2%

Ratio to net sales

36.3%

7.6%

+28.7pt-

Income attributable to owners

3,074442+2,632+595.3%

Ratio to net sales

27.1%

6.1%

+21.0pt

-

35.48

5.10-

-

Currency rate

FY2021 Q1
ActualFY2020 Q1
ActualYoYComparison- Against the US dollar (JPY106.24

109.22-2.98- Against the EURO128.10120.68+7.42

Net sales

Gross Profits
Ratio to net sales

Operating Income
Ratio to net sales

Ordinary Incomeof parentsEPSJPY(JPYForex impact

Net sales +150M of JPY (vs FY2020Q1 Actual) , +414M of JPY vs FY2021Q1 Forecast

Forex sensitivity

JPY/USD 65M of JPY , JPY/EURO 81M of JPY Annual sales turnover2

Financial Result for FY2021Q1

Change in net sales by business segment

5,5 00+3,789
Dental

5,0 00+61.1+60+40

Industrial Others+11.9+8.1+15011,337

Net sales by Business segment

Forex
impactFY2020 Q1
ActualFY2021 Q1
ActualChanges

6,203

9,992+3,789

Industrial

747

807+60

Others345386+40Forex
impact―+150+150

7,296

11,337+4,041

Dental

4,5 004,0 007,296
3,5 00

Based on forex as of FY2020

Total

3,0 00FY20Q1Net Sales

FY21Q1Net Sales

3Financial Result for FY2021Q1

Dental segment ; Change in net sales by region

4,4 004,2 00+325+1,871
4,0 00+531+118+154 10,146

Others Forex
impactAsia +10.9

Net sales of Dental segment

FY2020 Q1
ActualFY2021 Q1
ActualChangeEurope

2,205

3,147+942Japan

986

2,857+1,871

1,021

1,346+325+59.1
N.America

3,8 00+942+31.8

3,6 00

6,203
3,4 003,2 00Japan+189.6
EuropeN.America+42.7

Asia

899

1,431+531

Others

1,091

1,209+118

Forex
impact-+154+154

6,203

10,146+3,943

3,0 002,8 00

Based on forex as of FY2020

Total
2,6 00FY20Q1
DentalNet Sales

FY21Q1
DentalNet Sales

4Financial Result for FY2021Q1

Industrial segment ; Change in net sales by region

1,1 00+91

1,0 50Asia

1,0 00747
95 0-16-10-50-5801

Europe Others Forex
impact-4.6+74.2

Japan-5.6

Net sales of Industrial segment

N.America
-4.8

90 0

FY2020 Q1 FY2021 Q1
ActualActualChangeJapan289273-16

N.America

222

211-10Asia

124

216+91Europe

110105-5Others

01+0-5-5801+5485 0Forex impact

Based on forex as of FY2020

Total

747

80 0

FY20Q1
Industrial
Net Sales

FY21Q1
Industrial
Net Sales

5Financial Result for FY2021Q1

Change in operating income
Exchange rate
The US dollar : 109.22JPY → 106.24JPYThe EURO

Increasein selling
expenses

2,3 00+262

2,1 00+2,196
1,9 00

Productmix

1,7 00-2

Others-110

Increasein personal
expenses+107: 120.68JPY → 128.10JPY+113

3,675

Forex
impact

1,5 00

Increasein demand

1,3 001,1 0090 0

1,109
Based on forex as of FY2020

70 050 0

FY20Q1OP
incomeFY21Q1OP
income6

Financial Result for FY2021Q1

Consolidated Balance Sheet

As ofAs ofMar. 31, 2021

Dec. 31, 2020

85,69582,470+3,224

10,445

10,604

-158

6,958

6,198+759

100100-78,73676,272+2,464

79,21077,435+1,774Return on Equity (ROE)

15.9%

8.7%+7.2pt

Return on Assets (ROA)

19.6%

10.8%

+8.8ptFY2021 Q1

FY2020 Q1Actual

ActualCapital investments

194383-189

Depreciation expenses

419

409

+10Total assets- Inventories

Liabilities- Loans payable

Net assets- Retained earnings

ChangeChange7

FY2021Q1 Net sales figure

DentalFY20Q1 Actual

986

5,216

2,205

1,021

899

1,091

6,203

FY21Q1 Actual

2,857

7,288

3,315

1,310

1,480

1,182

10,146Amount+1,871+2,072+1,110+288+581

91+3,943+39.7+50.4

YoY

Industrial+189.6+28.3+64.6+8.4+63.6289

457

1102221240747

FY21Q1 Actual

273528105205216

1801

Amount-16+70-5-16+91+0+54Ratio-5.6+15.5-4.6-7.4+74.2+50.4+7.3

FY20Q1 Actual

210

135

4460

263345FY21Q1 Actual

223

165

6460

345388Amount+13+30+20+0+7+1+43

YoY

TotalRatio

FY20Q1 Actual

YoYOthers(Including Forex impact+6.4+22.3+45.3+0.7+29.5+44.6+12.6

FY20Q1 Actual

1,486

5,810

2,360

1,303

1,050

1,095

7,296

FY21Q1 Actual

3,354

7,982

3,486

1,576

1,731

1,188

11,337

Amount+1,868+2,172+1,125+272+681+93+4,041+37.4+47.7

YoY

Ratio

Ratio

+125.7+20.9+64.8+8.5+55.48