Financial Results for the First Quarter of Fiscal Year Ending March 31, 2015
(Three Months Ended June 30, 2014) <under Japanese GAAP> (Consolidated)
August 7, 2014

Company name : NIKKO COMPANYID number: 5343 Stock listing : Nagoya Stock Exchange Second Section
URL: http://www.nikko-company.co.jp/
Representative : Kazuto Futamata, Chief Executive Officer
Contact: Kazuo Miyanabe, Chief Financial Officer (Phone: +81-76-276-2121)
Scheduled date to submit Securities Report: August 12, 2014
Scheduled date to begin dividend payments: Preparation of supplementary materials for quarterly financial results : None
Holding of quarterly financial results meeting : None

(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Three Months Ended June 30, 2014 (April 1, 2014 - June 30, 2014)(1) Consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Three months ended
June 30, 2014

Operating income

Millions of yen％

3,787

Millions of yen(8.2)

Three months ended
4,126
6.6
June 30, 2013
Note: Comprehensive income (Millions of yen) :Net income pershare

Yen

Ordinary income％Millions of yen

Net income
Millions of yen％％(181)-(169)-(329)

-(38)

-(7)

-(21)

-

June 30, 2014: (227) ( -%)June 30, 2013: (30) ( -%)Diluted net income
per share
Yen

Three months ended
June. 30, 2014(17.61)-Three months ended
June. 30, 2013(1.16)-(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Equity ratio

Net assets per share

Millions of yen%

Yen

As of June 30, 2014

10,254

443

4.3

23.70

As of Mar. 31, 2014

10,705671

6.335.85

Reference: Shareholders' equity (Millions of yen) :June 30, 2014: 443

Mar. 31, 2014: 671

2. Dividends(Record date)1Q-end2Q-endYen

Year ended Mar. 31, 2014-

Year ending Mar. 31, 2015

-Year ending Mar. 31, 2015
(forecast)
Notes: Revision of dividend forecast during the period: None

Dividend per share
3Q-endYen
Yen

Year-end

Annual
Yen

Yen

0.00

-

0.00

0.00

0.00

-

0.00

0.00

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2015 (April 1, 2014 - March 31, 2015)(Percentage figures represent changes from the same period of the previous year.)
Net income perNet sales
Operating income
Ordinary income
Net income
shareMillions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year

17,0002.220-20-(150)-(8.01)

Notes: Revision of projected consolidated performance during the period :None
Consolidated forecast for the six months ending September 30, 2014 have not been disclosed because the Company and its
subsidiaries track performance on an annual basis only.

14. Notes(1) Changes in significant subsidiaries (changes in specified subsidiaries accompanying changes in the scope of consolidation) during
the period : None
New:— companies (Company name:)
Eliminated :— companies (Company name:)(2) Application of special accounting methods for quarterly consolidated financial statements : None
(3) Changes in accounting policies, changes in accounting estimates, or restatement
1) Changes in accounting policies due to changes in consolidated accounting methods :2) Changes other than 1) above: None
3) Changes in accounting estimates : None
4) Restatement: NoneYes(4) Number of shares outstanding (common shares)1) Number of shares outstanding (including treasury stock) at the end of the period
June 30, 2014:
19,572,000 sharesMar. 31, 2014
:19,572,000 shares
2) Number of treasury stock at the end of the period
June 30, 2014:
847,607 sharesMar. 31, 2014:
845,323 shares
3) Average number of shares issued during the period (cumulative; consolidated)
Three months ended June 30, 2014 : 18,725,391 shares
Three months ended June 30, 2013 : 18,728,638 shares*Information regarding the implementation of quarterly review procedures
The current quarterly financial statements are exempted from quarterly review procedures based on the Financial Instruments andExchange Law. At the time of disclosure, we have not completed the review process for these consolidated statements.
*Appropriate use of business forecasts, other special items
Forecasts regarding future results in these materials are based on information available to the Company at the time the materials werecreated. Actual results may differ significantly from these forecasts for a number of reasons.

2Quarterly Consolidated Financial Statements
FY03/2014(As of Mar.31,2014)(Millions of yen)First quarter of FY03/2015(As of June 30,2014)

501
2,711
1,374
573
329
290
0
128(24)
5,885

915
2,183
1,495
524
343
296
0
156
(19)
5,896

6,705
(4,599)2,106
4,861(4,596)264
1,209(1,144)
65
1,194
557
(241)
316
45
3,992

6,790
(4,630)2,159
4,866(4,619)247
1,249(1,158)
91
1,159
496
(223)
273
43
3,973

10
111
122

6
103
110

573

137

516

515

131
(516)
704
4,820
10,705

136
(515)
274
4,358
10,254

3,256
1,800
335
183
57
54
389
1,240
7,317

3,128
1,800
269
180
24
82
366
1,298
7,150

745
155
36
1,654―
123
2,716
10,034

708
109
39
1,649
8
144
2,660
9,811

3,200
1,321(3,005)
(335)
1,179

3,200
1,321
(3,335)
(336)
849

(86)
(116)
(305)
(508)
671
10,7050(116)
(289)
(405)
443
10,254(1) Consolidated Balance Sheet
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Costs on uncompleted construction contracts
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Lease assets
Other
Total intangible assets
Investments and other assets
Investment securities
Claims provable in bankruptcy, claims provable inrehabilitation and other
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Lease obligations
Provision for directors' retirement benefits
Net defined benefit liability
Deferred tax ｌiabilities
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets3(2) Consolidated quarterly statements of income
and consolidated quarterly statements of comprehensive income(Millions of yen)First quarter of FY03/2014 First quarter of FY03/2015(Apr.1,2013-June30,2013) (Apr.1,2014-June30,2014)

Consolidated quarterly statements of income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Rent income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange loss
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary Income
Gain on sales of noncurrent assets
Total extraordinary IncomeExtraordinary loss
Loss on sales of noncurrent assets
Loss on retirement of noncurrent assets
Loss on sales of investment securities
Total extraordinary losses
Income (loss) before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Income (loss) before minolity inretests
Net income (loss)

4,126
2,944
1,181
1,220(38)

3,787
2,764
1,022
1,204(181)

0
6
11
13
17
48

0
6
8―
16
31

11―
516(7)

102
519(169)

――

1
1―
0―
0(7)
140
14(21)
(21)

11―
123
134(302)
18827(329)(329)

Consolidated quarterly statements of comprehensive income(Millions of yen)First quarter of FY03/2014 First quarter of FY03/2015(Apr.1,2013-June30,2013) (Apr.1,2014-June30,2014)
Income(loss) before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

4(21)

(329)

(12)
3―(8)(30)86(0)
16102(227)(30)―(227)―

[Segment Information]

Ⅰ First Quarter of FY03/2013 (Apr. 1, 2013 - June 30, 2013)
1. Information related to net sales and profit or loss for each reportable segment
Housing &Environmental
Equipment(Millions of yen, rounded down)Amounts on theSegment
Adjustment consolidated
financial
total(Note 2)statements

Tabletop

Functional
Ceramics
Product

Other(Note 1)

2,429

1,087

609

04,126-

4,126-------Net sales
Sales to Outside Customers
Intersegment sales or Transfers

Total
2,429
1,08760904,1264,126
Segment profit (loss)
95(20)
570132(171)(38)(Operating income (loss))
Notes: 1. The “Other” category indicated businesses not included in reporting segments, including sales of other products.
2. Segment income adjustment of 171 million yen consists of expenses related to departments that do not belong to the reportable segments.
2. Information regarding impairment loss on fixed assets and goodwill by reportable segment
No reportable information.
Ⅱ First Quarter of FY03/2015 (Apr. 1, 2014 - June 30, 2014)
1. Information related to net sales and profit or loss for each reportable segment
Housing &EnvironmentalEquipment(Millions of yen, rounded down)Amounts on theSegment
Adjustment consolidated
financial
total(Note 2)statements

Tabletop

Functional
Ceramics
Product

Other(Note 1)

2,465

774

547

-

3,787

-

3,787-------Net sales
Sales to Outside Customers
Intersegment sales or Transfers

Total
2,465
774
547
3,787
3,787
Segment profit (loss)
28(53)
9(9)
(25)
(156)
(181)
(Operating income (loss))
Notes: 1. The “Other” category indicated businesses not included in reporting segments, including sales of other products.
2. Segment income adjustment of 156 million yen consists of expenses related to departments that do not belong to the reportable segments.
2. Information regarding impairment loss on fixed assets and goodwill by reportable segment
No reportable information.
[Supplementary Information]
Sales by Segment
Industry Segment
Housing & Environmental
Equipment
Tabletop
Functional Ceramics
Product
OtherTotal

First Quarter of FY03/2014(Apr. 1, 2013 - June 30, 2013)
Percent ofNet SalesNet SalesFirst Quarter of FY03/2015(Apr. 1, 2014 - June 30, 2014)
Percent ofNet Sales
Net Sales(Millions of yen, rounded down)
FY03/2014(Apr. 1, 2013 - Mar. 31, 2014)
Percent ofNet Sales
Net Sales

2,429

58.9%

2,465

65.1%

10,296

61.9%

1,087

26.3

774

20.5

4,110

24.7

609

14.8

547

14.4

2,230

13.4

00.0

--

2

0.0

4,126

100.0

3,787

100.0

16,639100.0

Notes : 1. Amounts are converted to sales prices.
2. Amounts do not include consumption taxes.
3. The following table indicates the Company’s overseas sales share by industry segment and percentage figures represent
overseas sales ratio.
(Millions of yen, rounded down)First Quarter of FY03/2015
FY03/2014
First Quarter of FY03/2014(Apr. 1, 2013 - June 30, 2013)(Apr. 1, 2014 - June 30, 2014)(Apr. 1, 2013 - Mar. 31, 2014)
Industry Segment
Overseas
Overseas
Overseas
Overseas Sales
Overseas
Overseas Sales
Sales
Sales Ratio
Sales
Ratio
Sales
Ratio
Housing & Environmental-%-%-%
Equipment
Tabletop
242
22.3
190
24.6
1,006
24.5
Functional Ceramics
251
41.2
166
30.3
738
33.1
Product
Other088.3
021.5
Total494

12.0

3565

9.4

1,745

10.5