Corporate Name: Nifco Inc. (URL: https://www.nifco.com/en/)
Stock Exchange: Prime Market; Code Number: 7988
President & COO: Masaharu Shibao
Inquiries to: Toshiki Yauchi, Director, Senior Executive Managing Officer & CFO (+81-3-5476-4853)
Ordinary general meeting of shareholders to be held on: June 23, 2022
Dividend disbursement to be started on: June 24, 2022
Yuka Shoken Hokokusho to be submitted on: June 23, 2022

May 13, 2022

Highlight
Summary of Consolidated Financial Resultsfor Fiscal Year Ending March 31, 2022
(These figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for FY2021 (April 1, 2021 to March 31, 2022)(The percentages denote year-on-year change.)(1) Consolidated financial results
Profit attributable toowners of parent
Million yen%
Million yen%
Million yen%
Million yen%
10.8
FY2021
283,777
30,54010.3
33,602
13.8
22,95924.8-11.1
FY2020
256,078
27,695-6.9
29,535
2.7
18,4020.4
Note: Comprehensive income:
33,180 million yen in FY2021(89.5%),
17,511 million yen in FY2020(3.5%)
Net sales

Operating income

Diluted profit
attributable toowners of parent pershare
Yen

Profit attributableto owners ofparent per share

Ordinary income

Return on equity(ROE)

Ordinary income /Total assets

Operating income /Net sales

Yen%%%―FY2021
227.27
12.3
10.5
10.8
―
FY2020181.09
10.7
9.7
10.8
Note: Diluted profit attributable to owners of parent per share of FY2021 and FY2020 are not shown in the above table, as there
are no potential common shares with dilution effect.

(2) Consolidated financial position
FY2021
FY2020
Reference: Equity capital:

Total assets
Net assets
Net assets ratio
Million yen
Million yen%
333,068
200,875
59.5
307,127
178,64957.5
198,175 million yen in FY2021, 176,472 million yen in FY2020

Net assets per share
Yen
1,978.36
1,737.80(3) Consolidated cash flows
Cash flows fromoperating activities
Million yen
31,74339,922

FY2021
FY2020Cash flows frominvesting activities
Million yen-9,479-12,570

Cash flows fromfinancing activities
Million yen-13,516-20,273

Cash and cash equivalents
at end of the period

Million yen
109,992
95,744

2. Dividends
At end offirst quarter
Yen
FY2020
FY2021
FY2022(forecast)――Dividend per share
At end of
At end ofsecond quarter third quarter
YenYen
―
25.00
―
31.00
31.00

―

FY2022Million yen
305,000

Million yen
31,500

Ratio of dividends
to net assets(consolidated basis)

Yen
53.00
62.00

Million yen
5,382
6,240%%

62.00

Operating income%
7.5

Payout ratio(consolidatedbasis)

31.00

―

3. Forecasts for FY2022 (April 1, 2022 to March 31, 2023)
Net sales

FY

Total amountof dividends(annual)At end ofFYYen
28.00
31.00%
3.1

29.3
27.3

3.1
3.3

31.1

(The percentages denote year-on-year change.)
Profit attributable
Profit attributable toOrdinary income
to owners ofowners of parent
parent per share
Million yen%
Million yen%
Yen
30,500-9.2
20,000-12.9
199.66- 1 -4. Others(1) Changes in principal subsidiaries during the fiscal year (changes in specific subsidiaries, which involve changes in the scope ofconsolidation): Yes
New consolidation: —company (company name): —Exclusion: 1 company (company name): Nifco Products

Espana, S.L.U.
Nifco Products Espana, S.L.U. a wholly-owned subsidiary of the Company, was sold in November 2021 and is therefore no longer aprincipal subsidiary.
(2) Changes in the principles and procedures of accounting concerning the preparation of consolidated financial statements and in themethods of presentation, etc. (stated in “Changes in Significant Accounting Policies for Preparing Consolidated FinancialStatements”)
1) Changes following the revision of accounting standards, etc.:

Yes2) Changes other than 1):

None3) Changes in accounting estimates:

None4) Retrospective restatement:

None(3) Number of shares outstanding (common stocks)
1) Number of shares outstanding at end of the period (including treasury stocks):107,508,954 in FY2021; 107,508,954 in FY2020
2) Number of treasury stocks at end of the period: 7,337,418 in FY2021; 5,959,585 in FY2020
3) Average number of shares outstanding during the period: 101,023,594 in FY2021; 101,617,357 in FY2020*This financial summary is not subject to audit procedures based on the Financial Instruments and Exchange Act. At the time of thisdisclosure, the audit procedures for the consolidated financial statements have not been completed.
* Proper use of forecasts and other special instructions
Forward-looking statements or projections included in this document, including earnings projections, are based on
currently available information and certain premises that are judged to be rational at the time of this writing. Actual results
may differ greatly from the forecast figures depending on various factors.

(Consolidated Financial Statements)
Segment Information[Business segment information]- For FY2020 (April 1, 2020 to March 31, 2021)(Unit: Millions of yen)

Reportable segmentsIndustrial plastic parts& components

Bedding & furniture

230,745

25,333Elimination& corporate
expenses

Total

Consolidated figures

Net sales and segment profit (loss)
Net sales(1) Sales to customers(2) Inter-segment sales
Total
Segment profit (loss)

256,078-

256,078-----

230,745

25,333

256,078-

256,078

28,946

4,145

33,091(5,396)

27,695- For FY2021 (April 1, 2021 to March 31, 2022)(Unit: Millions of yen)

Reportable segments

Elimination& corporate
expenses

Consolidated figures

Industrial plastic parts& components

Bedding & furniture(1) Sales to customers

254,044

29,732

283,777-

283,777(2) Inter-segment sales

----

-

254,044

29,732

283,777-

283,777

30,157

5,564

35,722(5,182)30,540Total

Net sales and segment profit (loss)
Net sales

Total
Segment profit (loss)- 2 -