Member of the Financial Accounting Standards Foundation

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
13-May-2022
Company Name :Security Code :Representative :Contact :NID Co., Ltd.
2349
President
Shuntaro Komori
Director,Corporate Design Manager, FinanceManager
Hiroshi Kosuge

Listing :URL :STANDARD
https://www.nid.co.jp/Telephone :81-8-3-6221-6811

1. Consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(All figures are rounded down to the nearest million yen)

(1) Consolidated Operating Results(% of change from previous year)

Net sales

Operating profit

Profit attributable toOrdinary profit

owners of parent

Fiscal year ended

Million yen%

Million yen%%

Million yen%March 31,2022

18,251

3.2

2,226

19.0

Million yen
2,466

15.4

1,631

19.6

March 31,2021

17,684

△1.8

1,870

△3.6

2,138

△6.2

1,363

7.7

Note : Comprehensive income For the Fiscal year ended March 31, 2022 : 1,539 million yen [△16.0%]
For the Fiscal year ended March 31, 2021 : 1,833 million yen [62.6%]

Net income per share

Diluted net
income per share

ROE

Operating Income
MarginROA

Fiscal year ended

YenYen%%%March 31,2022

145.66

－10.4

11.6

12.2

March 31,2021

120.09

－9.5

10.8

10.6

(2) Consolidated Financial Position
Total Assets
As ofTotal Net Assets

Equity-to-asset ratio

Net Assets per Share

Million yen

Million yen%Yen

March 31,2022

21,904

16,10173.5

1,449.81

March 31,2021

20,675

15,17173.4

1,336.00

Note : Equity As of March 31,2022 16,101million yen

As of March 31, 2021 15,171million yen(3) Consolidated Cash Flows
Cash Flows fromoperating activities
Fiscal year ended

Cash Flows frominvestment activities

Cash Flows fromfinancing activities

Cash and cash
equivalents at end of year

Million yen

Million yen

Million yen

Million yen

March 31,2022

1,650

△318

△617

11,783

March 31,2021

2,123354△258

11,069- 1 -2. Dividend Information
Annual dividends per shareFirstSecond

Third

quarter-end quarter-end quarter-end
Yen

Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023

Yen

Fiscaldividends

Totalyear-end

Yen

Ratio ofTotal cash(Total)

Yen

Yen

Payout ratio

dividends to(Consolidated)

net assets(Consolidated)

Millions of yen%

%

－－－

22.00

22.00

249

18.3

1.7－

－－

23.00

23.00

255

15.7

1.7－

－－

23.00

23.00

16.6

(Forecast)

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31,2023 (From April 1, 2022 to March 31, 2023)
Net sales

Operating profit

Ordinary profit

Profit attributable toNet income

owners of parent

per share

Million yen%

Million yen%

Million yen%

Million yen%

YenFirst half8,860

3.4840△11.1910△16.8630△12.656.73

Full Year

18,7002.52,100△5.72,250

△8.8

1,540

△5.6138.67* Notes:(1) Changes in the scope of our consolidation, including changes in our subsidiaries : None
Consolidated subsidiaries : 0 added,

0 removed(2) Changes in accounting methodology, procedures, and the way our figures are displayed in the creation of our Quarter consolidated
financial statements.
①

Changes arising from revisions in accounting standards : Yes②

Changes arising from other reasons : None

③Changes in estimation related to financial statements : None

④Re-statement of revisions : None

(3) Shares issued (Common stock)
Shares issued as of term end(including treasury stock)
Treasury stock as of term end
Average shares issued during term

As of March 31,2022

13,109,490

As of March 31, 2021

13,109,490

As of March 31,2022

2,003,759

As of March 31, 2021

1,753,759

FYE March 2022

11,200,936

FYE March 2021

11,355,734* This quarterly consolidated financial results are not subject to a quarterly review by a certified public accountant or an audit firm.
*Regarding the appropriate use of our earnings projections and other notes.
All projections provided in this document are based on the most accurate information available at the time of this writing.
However our actual results may differ from our projections due to various unforeseen reasons.

- 2 -4. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousand yen)
As of March 31, 2021

As of March 31, 2022

11,131,189
3,045,401
115,604
160,395
14,452,591

11,845,184
3,288,175
254,149
81,25015,468,759

389,024

400,870△170,268
218,75540,822△19,895
20,926324,644△229,757
94,886
20,17970,293△191,499
209,370
35,602△21,713
13,888
312,468△221,531
90,937
20,17968,813△47,945
22,348
7,809
384,906△51,420
17,393－351,770

170,362
17,013
187,375

140,263
21,327
161,591

4,378,732
821,323
326,597
124,092
5,650,745
6,223,028
20,675,620

4,560,544
871,742
345,739
144,227
5,922,253
6,435,615
21,904,375

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
Other
Total current assetsNon-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Guarantee deposits
Other
Total investments and other assets
Total non-current assets
Total assets- 3 -(Thousand yen)

Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Provision for retirement benefits for directors(and other officers)
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equityAccumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets- 4 -As of March 31, 2021

As of March 31, 2022

380,833
307,877
347,182
315,285
936,336
209,894
2,497,408

469,479
465,463506,938
217,248
922,888
219,085
2,801,102

2,421,329

2,448,765

524,350

496,750

47,478
13,7703,006,927
5,504,336

48,285
8,294
3,002,095
5,803,198

653,352
488,675
14,423,667△1,227,405
14,338,289

653,352
488,675
15,805,353△1,587,655
15,359,725

815,506
17,487
832,993
15,171,283
20,675,620

728,413
13,037
741,451
16,101,177
21,904,375

(2) Consolidated Statements of Income(Thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on investments in investment partnerships
Gain on sale of investment securities
Insurance claim income
Subsidy income
Other
Total non-operating incomeNon-operating expenses
Interest expenses
investment partnership management fee
Taxes and dues
Commission expenses
Loss on cancellation of insurance policies
OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of investments in capital
Office relocation expenses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests- 5 -Fiscal year ended
March 31,2021

Fiscal year ended
March 31,2022

17,684,827
13,789,391
3,895,435
2,024,845
1,870,59018,251,712
13,870,626
4,381,086
2,155,072
2,226,014

9,239
140,542
22,13833,1736,820
59,199
11,191
282,305

11,311
197,609－－
10,77230,927
9,746
260,367

953
3,890
3,425
4,143
－
2,286
14,699

908
3,297
6,206
3,685
5,337
362
19,7982,138,195

2,466,583

1,957

999

1,957

999

13,76950,04999,99914,278178,098
1,962,054
627,410△29,089
598,320
1,363,734

11,24332,551－－
43,7942,423,788
800,483△8,206792,276
1,631,511

1,363,734－

1,631,511－472,325△2,931
469,393
1,833,128△87,092△4,449△91,542
1,539,969

1,833,128－

1,539,969－

(3) Consolidated Statements of Changes in Shareholders’ Equity
Consolidated Financial Results for the Fiscal Year 2021 (From April 1, 2020 to March 31, 2021)(Thousand yen)
Shareholders' equity

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes ofitems other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Capital stock

Capital surplus

653,352

488,675

Retainedearnings

TreasurysharesTotalshareholders'equity13,309,760△1,227,333

13,224,454△249,827△249,827

1,363,734

1,363,734
△71

△71--

1,113,907△71

1,113,835

653,352

488,675

14,423,667△1,227,405

14,338,289

Accumulated other comprehensive income

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Valuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

343,180

20,419363,600

Total net assets

13,588,054△249,827
1,363,734△71

472,325△2,931

469,393

469,393472,325△2,931

469,393

1,583,228

815,506

17,487

832,993

15,171,283- 6 -Consolidated Financial Results for the Fiscal Year 2022 (From April 1, 2021 to March 31, 2022)(Thousand yen)
Shareholders' equity

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes ofitems other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Capital stock

Capital surplus

653,352

488,675

Retainedearnings

TreasurysharesTotalshareholders'equity14,423,667△1,227,405

14,338,289△249,826△249,826

1,631,511

1,631,511△360,250△360,250--

1,381,685△360,250

1,021,435

653,352

488,675

15,805,353△1,587,655

15,359,725

Accumulated other comprehensive income

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Valuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

815,506

17,487

832,993

Total net assets

15,171,283△249,826
1,631,511△360,250△87,092△4,449△91,542△91,542△87,092△4,449△91,542929,893

728,413

13,037

741,451

16,101,177- 7 -(4) Consolidated Statements of Cash Flows(Thousand yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expenses
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Loss on valuation of investments in capital
Loss (gain) on sale of property, plant and equipment
Loss on retirement of property, plant and equipment
Loss on retirement of intangible assets
Loss (gain) on investments in investment partnerships
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other current assets
Decrease (increase) in other non-current assets
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - otherIncrease (decrease) in accrued consumption taxes
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities- 8 -Fiscal year ended
March 31,2021

Fiscal year ended
March 31,2022

1,962,054
130,243
49,1952,423,788
120,170
20,79930,150△27,600

22,494△149,782
953△33,173
50,04999,999△1,957
12,6401,233△29,820457,644
23,26022,79991△59,692
17,916
23,072△19,667541
2,610,248
148,929△953△634,300
2,123,924△13,448△208,920
908－
32,551－△999
105
11,1122,026△242,774△138,533
78,105△6,18188,64526,275△98,037
12,8096,110
2,086,916
209,713△908△645,339
1,650,381

(4) Consolidated Statements of Cash Flows(Thousand yen)
Fiscal year ended
March 31,2021
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of investment securities
Proceeds from sale and redemption of investment securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of intangible assets
Proceeds from distributions from investment partnerships
Purchase of golf club membership
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Purchase of insurance funds
Proceeds from maturity of insurance funds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Dividends paid
Purchase of treasury shares
Other, netNet cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 9 -Fiscal year ended
March 31,2022△154,000△391,589
755,459△58,3672,204△51,214
1,750
25,468－－22,735△7,913
2,003
354,534△0－△610,990
390,892△27,089
1,000△39,645－－△43,000△19,142－△4,79633,842△318,928

360,000△360,000△249,196△71△9,504△258,772
2,219,686
8,849,901
11,069,587

360,000△360,000△249,762△360,250△7,681△617,694
713,758
11,069,587
11,783,346