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: November 11, 2022
Dividend disbursement to be started on: November 28, 2022

October 28, 2022

Highlight
Summary of Consolidated Financial Resultsfor First Half of Fiscal Year Ending March 31, 2023
(These figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for First Half of FY2022 (April 1 to September 30, 2022)(The percentages denote year-on-year change.)(1) Consolidated financial results
Net sales
Operating profit
Ordinary profit
Million yen%
Million yen%
Million yen%First Half FY2022
148,350
6.2
15,217(5.3)
20,34520.0First Half FY2021
139,66330.0
16,076146.2
16,957156.5
Note:
Comprehensive income: 29,335 million yen in First Half FY2022 (56.8%), 18,712 million yen in First Half FY2021 (―%)

Profit attributable toBasic earning per share
Diluted earning per shareowners of parent
Million yen%
YenYenFirst Half FY2022
13,84016.4
138.10First Half FY2021
11,890279.0117.19Note: Diluted earning per share of First Half FY2022 and First Half FY2021 are not shown in the above table, as there are no
potential common shares with dilution effect.

――(2) Consolidated financial position
First Half FY2022
FY2021
Reference: Equity capital:

Total assets
Net assets
Million yen
Million yen
364,213227,080
333,068
200,875
224,139 million yen in First Half FY2022,Net assets ratio%Net assets per share
Yen61.5
2,235.11
59.5
1,978.36
198,175 million yen in FY2021

2. Dividends
At end of firstquarterYen

At end of secondquarter
Yen
31.00
31.00

Dividend per share
At end of thirdquarter
Yen―
FY2021―
FY2022
FY2022 (forecast)
Note: Revision of the latest forecasts: None

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

FY2022
Note:

Millionyen
305,000

Operating profit%
7.5

Millionyen
31,500%
3.1

At end of FYFYYenYen―

31.00

62.00

―

31.00

62.00

(The percentages denote year-on-year change.)
Basic earning per
Profit attributable toOrdinary profit
shareowners of parent
Million%Million yen%
Yenyen30,500(9.2)
20,000(12.9)
199.66

Revision of the latest forecasts: None- 1 -4. Others(1) Changes in principal subsidiaries during the fiscal year (changes in specific subsidiaries, which involve changes in the scope ofconsolidation): None
New consolidation: —company (company name): —Exclusion: ‐ company (company name): －(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 First Half FY2022; 107,508,954 inFY2021.
2) Number of treasury stocks at end of the period: 7,227,619 in First Half FY2022; 7,337,418 in FY2021.
3) Average number of shares outstanding during the period: 100,215,758 in First Half FY2022; 101,461,891 in First Half FY2021.
*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 First Half of FY2021 (April 1 to September 30, 2021)(Unit: Millions of yen)

Reportable segments

Amount reported inconsolidated
financial statements

Adjustment

Industrial plastic parts& components

Bedding & furniture(1) Net sales to external customers

126,135

13,528

139,663-139,663(2) Intersegment sales or transfers-----

126,135

13,528

139,663-

139,663

16,2302,374

18,605(2,529)16,076Total

Net sales and segment profit (loss)
Net sales

Total
Segment profit (loss)- For the First Half of FY2022 (April 1 to September 30, 2022)(Unit: Millions of yen)

Reportable segments
Industrial plastic parts& components

Bedding & furniture

133,258

15,091

Amount reported inconsolidated
financial statements

Adjustment

Total

Net sales and segment profit (loss)
Net sales(1) Net sales to external customers(2) Intersegment sales or transfers
Total
Segment profit (loss)

148,350-

148,350

-

00(0)

-

133,258

15,091

148,350(0)148,350

15,144

2,476

17,260(2,402)

15,217- 2 -