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)
Shihanki-Hokokusho to be submitted on: February 10, 2023
Dividend disbursement to be started on: －February 3, 2023

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

1. Consolidated Financial Results for Nine Months of FY2022 (April 1 to December 31, 2022)(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 FY2022
234,21012.4
25,473
11.5
29,07918.4
9 Months FY2021
208,430
16.7
22,84740.3
24,56651.2
Note:
Comprehensive income: 35,061 million yen in 9 Months FY2022 (55.6%), 22,538 million yen in 9 Months FY2021 (235.2%)

Profit attributable toBasic earning per share
Diluted earning per shareowners of parent
Million yen%
Yen
Yen
―
9 Months FY2022
18,53011.9
184.87―9 Months FY2021
16,56365.6
163.64
Note: Diluted profit attributable to owners of parent per share of 9 Months FY2022 and 9 Months FY2021 are not shown in theabove table, as there are no potential common shares with dilution effect.

(2) Consolidated financial position
Third Qtr. FY2022
FY2021
Reference: Equity capital:

Total assets
Net assets
Million yen
Million yen
366,517
229,438
333,068
200,875
226,532 million yen in Third Qtr. FY2022,Net assets ratio%

Net assets per share
Yen
61.8
2,258.89
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 thirdquarterYen

At end of FY

FYYen

Yen

―
FY2021―
FY2022
FY2022 (forecast)
Note: Revision of the latest forecasts: None―

31.00

62.00

―

31.00

62.00

3. Forecasts for FY2022 (April 1, 2022 to March 31, 2023)(The percentages denote year-on-year change.)
Basic earning perProfit attributable toshareowners of parent

Net sales

FY2022
Note:

Millionyen
305,000

Operating profit%

Ordinary profit

Million yen%

Million yen%

Million yen

31,5003.1

30,500(9.2)

20,000

7.5

Revision of the latest forecasts: None- 1 -%(12.9)

Yen
199.66

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 Third Qtr. FY2022; 107,508,954 inFY2021.
2) Number of treasury stocks at end of the period: 7,223,819 in Third Qtr. FY2022; 7,337,418 in FY2021.
3) Average number of shares outstanding during the period: 100,236,192 in Third Qtr. FY2022; 101,221,208 in Third Qtr. 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 Nine Months of FY2021 (April 1 to December 31, 2021)(Unit: Millions of yen)

Reportable segments
Industrial plastic parts& components

Bedding & furniture

187,240

21,190

Amount reported inconsolidated
financial statements

AdjustmentTotal

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

208,430-

208,430-----

187,240

21,190208,430-

208,430

22,6503,919

26,569(3,722)

22,847- For the Nine Months of FY2022 (April 1 to December 31, 2022)(Unit: Millions of yen)

Reportable segments
Industrial plastic parts& components

Bedding & furniture

210,518

23,692

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)

234,210-234,210

-

00

(0)

-

210,518

23,692

234,210(0)234,210

25,1694,103

29,272(3,799)25,473- 2 -