Corporate Name: Nifco Inc. (URL: https://www.nifco.com/en/)
Stock Exchange: TSE 1st section; Code Number: 7988
President & COO: Masaharu Shibao
Inquiries to: Toshiki Yauchi, Director, Senior Executive Managing Officer & CFO (+81-3-5476-4853)
Shihanki-Hokokusho to be submitted on: February 10, 2022
Dividend disbursement to be started on: －February 3, 2022

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

1. Consolidated Financial Results for Nine Months of FY2021 (April 1 to December 31, 2021)(The percentages denote year-on-year change.)(1) Consolidated financial results
Net sales
Operating profit
Ordinary profit
Million yen%
Million yen%
Million yen%
9 Months FY2021
208,430
16.7
22,84740.3
24,566
51.2
9 Months FY2020
178,594-16.6
16,280-27.7
16,244-27.2
Note:
Comprehensive income: 22,538 million yen in 9 Months FY2021 (235.2%), 6,724 million yen in 9 Months FY2020 (-31.9%)

Profit attributable toProfit attributable to owners ofDiluted profit attributable toowners of parent
parent per shareowners of parent per share
Million yen%
Yen
Yen
―
9 Months FY2021
16,56365.6
163.64―9 Months FY2020
10,000-33.8
98.40
Note: Diluted profit attributable to owners of parent per share of 9 Months FY2021 and 9 Months FY2020 are not shown in theabove table, as there are no potential common shares with dilution effect.

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

Total assets
Net assets
Million yen
Million yen
316,999
191,040
307,127
178,649
188,671 million yen in Third Qtr. FY2021,Net assets ratio%

Net assets per share
Yen
59.5
1,878.04
57.5
1,737.80
176,472 million yen in FY2020

2. Dividends
At end of firstquarter
Yen―
FY2020―
FY2021
FY2021 (forecast)
Note: Revision of the latest forecasts: NoAt end of second
quarter
Yen
25.00
31.00

Dividend per share
At end of thirdquarterYen

3. Forecasts for FY2021 (April 1, 2021 to March 31, 2022)
Net sales

FY2021
Note:

Millionyen
280,000

Operating profit%
9.3

Millionyen
29,500%6.5At end of FY

FYYen

Yen―

28.00

53.00

―

31.00

62.00

(The percentages denote year-on-year change.)
Profit attributable
Profit attributable toOrdinary profit
to owners ofowners of parent
parent per share
Million%Million yen%
Yenyen30,3002.6
21,00014.1
207.83

Revision of the latest forecasts: No- 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) Adoption of specific accounting policies for quarterly consolidated financial statement: Yes(3) 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(4) Number of shares outstanding (common stocks)
1) Number of shares outstanding at end of the period (including treasury stocks): 107,508,954 in Third Qtr. FY2021; 107,508,954 inFY2020.
2) Number of treasury stocks at end of the period: 7,047,354 in Third Qtr. FY2021; 5,959,585 in FY2020.
3) Average number of shares outstanding during the period: 101,221,208 in Third Qtr. FY2021; 101,637,743 in Third Qtr. FY2020.
*Quarterly financial results reports are exempt from quarterly review conducted by certificated public accountants or an audit
corporation.
* 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 the Nine Months of FY2020 (April 1 to December 31, 2020)(Unit: Millions of yen)

Reportable segments

Elimination& corporate
expenses

Consolidated figures

Industrial plastic parts& components

Bedding & furniture(1) Sales to customers

160,656

17,937

178,594-

178,594(2) Inter-segment sales

-----

Total

160,656

17,937

178,594-

178,594

17,561

2,532

20,093(3,813)

16,280Total

Net sales and segment profit (loss)
Net sales

Segment profit (loss)- For the Nine Months of FY2021 (April 1 to December 31, 2021)(Unit: Millions of yen)

Reportable segments

Elimination& corporate
expenses

Consolidated figures

Industrial plastic parts& components

Bedding & furniture(1) Sales to customers

187,240

21,190208,430-

208,430(2) Inter-segment sales

-----

Total

187,240

21,190208,430-

208,430

22,6503,919

26,569(3,722)

22,847Total

Net sales and segment profit (loss)
Net sales

Segment profit (loss)- 2 -