Briefing Materialfor 3rd quarter ended Sep. 30, 2021

Nov. 12, 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 FY2021Q3

Consolidated PerformanceFY2021Q3Actual

FY2020Q3
ActualAmountRatio

Net sales

33,46922,281+11,187+50.2 %Gross Profits

20,473

13,241+7,231+54.6 %61.2 %

59.4 %+ 1.8 pt

11,113

5,116+5,997

33.2 %

23.0 %+ 10.2 pt

11,266

5,303+5,962

Ratio to net sales

33.7 %

23.8 %+9.9 pt

Profit attributable to owners

8,096

3,893+4,202

Ratio to net sales

24.2 %

17.5 %+6.7 pt

JPY

93.45

44.94

Currency rate

FY2021Q3Actual

FY2020Q3
ActualYoY
Comparison

FY2021
Forecast

Comparison
with Forecast

Against the US dollar JPY

108.55107.48+1.07

105.00+3.55

Against the EURO129.94121.27+8.67

125.00+4.94

M of JPY

Ratio to net sales

Operating Income
Ratio to net sales

Ordinary Incomeof parentsEPS

JPY

Forex impact

Net sales +1,018M of JPY

Forex Sensibility

Annual sales turnovervs FY2020Q3 Actual

YoY Comparison, +1,717M of JPY+117.2 %+112.4 %+107.9 %vs FY2021Q3Forecast

JPY/USD 82 M of JPY , JPY/EURO 74 M of JPY© 2021 NAKANISHI INC.

2

Financial Result for FY2021Q3Change in net sales by business segment
M of JPY

25,00033,469+585
Industrial+28.9%

20,000+197
Others+21.1%+1,018Forex
impact+9,385

Net sales by business segment
FY2020Q3

FY2021Q3

ActualActualChange19,32028,706+9,3852,024

2,609+585

936

1,134+197+1,018+1,01833,469+11,187

15,00022,281
Dental+48.6%

10,00022,281
Based on forex as of FY2020Q3
5,000'20/09
Net sales'21/09Net sales© 2021 NAKANISHI INC.

3

Financial Result for FY2021Q3

Dental segment ; Change in net sales by region
M of JPY

21,00029,693

Net sales of Dental segment

19,000+987+1,542

17,000Forex
impactFY2020Q3

FY2021Q3

ActualActualChange6,335

8,815+2,480

4,411

5,971+1,560

2,548

5,058+2,509

3,026

4,319+1,292

2,998

4,540+1,542+987+987

29,693+10,373+1,292 Others
15,000Asia+51.4%+2,509 +42.7%
13,000+1,560
11,000N.America

Japan+98.5%

19,320 +2,480 +35.4%
9,000Europe+39.1%

7,000

5,000

Based on forex as of FY2020Q3
3,000'20/09
DentalNetsales'21/09DentalNetsales© 2021 NAKANISHI INC.

19,3204Financial Result for FY2021Q3

Industrial segment ; Change in net sales by region
1,900

M of JPY

1,700+ 70+1+6Others

Forex
impactEurope1,500

2,616+139 +24.2%

Net sales of Industrial segment
FY2020Q3

FY2021Q3

ActualActualChange707

824+117515

773+257507

647+139289

359+703

4+1+6+62,616+591

N.America
1,300+257

1,100

2,024+117+27.4%

Asia+50.0%

Japan+16.6%
900

Based on forex as of FY2020Q3700'20/09
IndustrialNet sales'21/09IndustrialNet sales© 2021 NAKANISHI INC.

2,0245Financial Result for FY2021Q3

Change in operating income
M of JPY< Exchange rate >USD: 107.48JPY → 108.55JPYEURO : 121.27JPY → 129.94JPY
12,000+169

10,000

Productmix
8,000-431
Increasein selling
expenses

11,113-602
Increasein personal
expenses+ 21+796

OthersForex
impact+6,043
6,000

4,000

5,116
Increasein demand

2,000

Based on forex as of FY2020Q3
0'20/09
Operating
Income'21/09
Operating
Income© 2021 NAKANISHI INC.

6Financial Result for FY2021Q3Consolidated Balance Sheet
M of JPY

Total assets- Notes and accounts
receivable-trade

As ofSep. 30, 2021

As ofDec.31, 2020

Change89,997

82,470+7,526

5,143

5,158

-14

Note
Cash and deposits

Merchandise and finished goods
Work in process
Raw materials and supplies- Inventories

10,995

10,604+391

Liabilities

8,367

6,198+2,168

100

100

Net assets

81,63076,272+5,358- Retained earnings

82,75877,435+5,323

Return on equity

13.7 %

8.7 %+5.0 Pt

FY2020Q3

7.1

Return on assets

17.4 %

10.8 %+6.4 Pt

FY2020Q39.1

FY2021Q3FY2020Q3Actual

ActualChange- Loans payable

1,108853+255

1,303

1,290+13© 2021 NAKANISHI INC.

Accounts payable-trade
Other current liabilities+3,441+656-136-128+281+1,497

Note7

FY2021Q3 Net sales figure
M of JPYJapan

Export
sub total

EuropeNorth
America

Asia

OthersTotal

FY2020Q3 Actual

4,411

14,909

6,335

2,548

3,026

2,998

19,320

FY2021Q3 Actual

5,971

23,722

9,419

5,112

4,586

4,603

29,693

Amount+1,560+8,812+3,083+2,563+1,560+1,605+10,373Ratio+35.4%+59.1%+48.7%+100.6%+51.6%+53.5%+53.7%

FY2020Q3 Actual

707

1,316

289507515

32,024FY2021Q3 Actual

824

1,791359653773

52,616

Amount+117+474+70+145+257+1+591

Ratio+16.6%+36.1%+24.2%+28.7%+50.0%+34.7%+29.2%FY2020Q3 Actual

594

3429514887

10936

FY2021Q3 Actual

645

513

195

178

121

171,158

Amount+51+170+100+29+34+6+222

Ratio

+8.7%

+49.9%+105.2%+19.8%+38.8%+66.7%+23.8%FY2020Q3 Actual5,712

16,568

6,720

3,205

3,629

3,012

22,281

FY2021Q3 Actual

7,442

26,026

9,974

5,944

5,481

4,626

33,469Amount+1,729+9,458+3,253+2,739+1,851+1,613

11,187

Ratio+30.3%+57.1%+48.4%+85.5%+51.0%+53.6%+50.2%

YoY

YoY

YoY

YoY

© 2021 NAKANISHI INC.

8