Consolidated Financial Results
for the Three Months Ended
June 30, 2021

August, 2021
©DaikyoNishikawa Corporation All rights reserved.

Table of Contents

1. Financial Results

Page 2

2. Financial Forecast for Fiscal 2021

Page 10

3. Expand sales of plastic tailgates

Page 14©DaikyoNishikawa Corporation All rights reserved.

P.1

1. Financial Results©DaikyoNishikawa Corporation All rights reserved.

P.2

Highlights

First Quarter Result■Although there was a decline in production of our customers dueto the semiconductor shortage, sales increased because COVID19 impact was smaller than the same period of the previous year.

■While launch costs of the new US plant increased, an operating
income of 645 million yen was mainly brought by a increase insales and cost reduction.

©DaikyoNishikawa Corporation All rights reserved.

P.3

Consolidated Profit and Loss Statement
Sales increased because an impact of a decline in production due to COVID-19 was smaller
than the first quarter of the previous year as well as profit.
(Millions of Yen)
Three Months
Ended
June. 30, 2020Three Months
Ended
June. 30, 2021

Changes(Y on Y)

Changes (%)

Net Sales

27,11829,8912,77210.2%

Operating Income-1,657645

2,303－

Ordinary Income-1,604836

2,441－

Profit Attributable toOwners of Parent-2,675

344

3,019－

Operating Income
Margin－2.2%－－

Net Income perShare-37.76yen

4.85yen42.61yen－©DaikyoNishikawa Corporation All rights reserved.

P.4

Net sales increase or decrease factor(Millions of yen)
45,00040,000-8,37035,00014,851-3,45730,000-14-237

25,00020,00015,00029,891

27,11810,0005,0000©DaikyoNishikawa Corporation All rights reserved.

会計収基益
準認の識差要具売上P.5その他売上為替影響

19.3

18.3
期
売
上
高製品
売上期
売上高

Operating income increase or decrease factor(Millions of yen)
1,500
1,000

340

2949-30-355500

645
02,271-500-1,657-1,000-1,500-2,000©DaikyoNishikawa Corporation All rights reserved.

P.6

Financial Results by Segment
Segment

OutlineJapan SALES：Increased because an impact of a decline in production due to
COVID-19 impact was smaller than the same period of FY2020.
 PROFIT：Achieved operating income of 704 million yen.

China/Korea

 SALES：Increased because an impact of COVID-19 in China wassmaller than the same period of FY2020.
 PROFIT：Operating loss of 45million yen.

ASEAN

 SALES：Decreased due to a decrease in mold sales.
 PROFIT：Decreased due to a decrease in mold sales.

Americas SALES： Decreased due to an impact of a decline in production of ourcustomers and a decrease in mold sales.
 PROFIT：Operating loss of 23 million yen due to launch costs of the new
US plant in addition to a decline in production.

©DaikyoNishikawa Corporation All rights reserved.

P.7

Sales by Segment
Sales increased because an impact of a decline in production due to COVID-19
in Japan was smaller than the first quarter of the previous year.
(Millions of Yen)

Three Months
Ended
June. 30, 2020

Domestic

OverseasJapan

Three Months
Ended
June. 30, 2021

Changes(Y on Y)

Changes(%)(component ratio)

13,287(49.0)

22,312(74.6)

9,024（25.6Pts）

67.9%

China/Korea

829

1,097

267

32.3%

ASEAN

3,283

2,682-601-18.3%

Americas

9,717

3,799

-5,918-60.9%

Overseas
Total

13,831(51.0)

7,579(25.4)-6,252（-25.6Pts）-45.2%

27,11829,891

2,772

10.2%

(component ratio)

Total（※）As the "Accounting Standard for Revenue Recognition" was applied from FY2021, the financial forecast
for FY2021 is based on this standard. Therefore, the changes include the difference by this standard.
©DaikyoNishikawa Corporation All rights reserved.

P.8

Operating Income by Segment
While launch costs of the new US plant increased, operating income wasbrought by a increase in sales and cost reduction.
(Millions of Yen)

Three Months
Ended
June. 30, 2020

Domestic

OverseasJapan

Three Months
Ended
June. 30, 2021

Changes(Y on Y)

Changes(%)

704(89.5)

3,974(－)－(component ratio)-3,270(－)

China/Korea-27-45-17－

ASEAN

314

151-163-51.9%

Americas934-23-958－

OverseasTotal

1,221(－)

82(10.5)-1,138(－)-93.2%-2,049

786

2,835

－

(component ratio)

Total©DaikyoNishikawa Corporation All rights reserved.

P.9

2. Financial Forecast for Fiscal 2021

©DaikyoNishikawa Corporation All rights reserved.

P.10

Financial Forecast for FY 2021
A decrease in sales in the first half of the year will be offset by an increase in thesecond half of the year. Profit will increase because of a reduction of launch costs ofthe new US plant and a change of tax accounting process in Mexico.
(Millions of yen)

Forecast

Forecast

Changes

Forecast

Forecast

Changes(Original)(Revised)(%)(Original)(Revised)(%)

Net Sales（※）61,000（※）60,000-1.6% （※）131,000

Operating
Income400200-50.0%

Ordinary Income

600

400

Net Income
Attributable toOwners of Parent-200

OperatingMarginNet Income
per Share（※）131,000－

1,700

1,800

5.9%

-33.3%

2,900

3,100

6.9%-100－300

1,000233.3%

0.7%

0.3%－

1.3%

1.4%

－-2.82yen-1.41yen－

4.23yen

14.09yen－（※）As the "Accounting Standard for Revenue Recognition" is applied from FY2021, the financial forecast for FY2021 is basedon this standard.

P.11

Capital Investment, Depreciation and R&D Expenses≪Capital Investment≫≪Depreciation≫≪R&D Expenses≫

Decrease because of achange of development
contents and a reduction ofcapital Investment

Decrease attendant on a
reduction of capital
investment

Accelerate R&D to create
beyond expectation products※FY2021: Plan

※FY2021: Plan35(Billions of yen)(Billions of yen)14(Billions of yen)
OriginalPlan
11.8301225.025

10.7
OriginalPlan
20.1

2016.415

13.1

17.0 18.8

109.1

10.5

4

11.2
3.2

9.5
9.0

350

62

41
20

©DaikyoNishikawa Corporation All rights reserved.

3.0

3.0

3.0

2.9
2.6

8

107.2

※FY2021: Plan

50

P.12

Dividend
The annual dividends for FY 2021 will be 30 yen, the same as FY2020.
Dividends per share
40
35

28.25

30

151050(Yen)19165.625

9.25

12FY2014

FY2015FY201616.2534181716FY2017

30303015171517151315

FY2018FY2019FY2020

FY20212825203410.625

interim of period(Plan)end of period※On January 1, 2016, we split its common stock into four shares.
The annual dividends for FY2014 and the interim dividends for FY2015 are calculated as dividends per share, assuming that a※ stock split was conducted.

Payout Ratio
FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021(Plan)

17.0％

17.7％

18.9％

19.3％

23.2％

43.3％

83.9％

709.2%※FY2016：Excluding commemorative dividend©DaikyoNishikawa Corporation All rights reserved.

P.13

3. Expand sales of resin tailgates©DaikyoNishikawa Corporation All rights reserved.

P.14

Expand sales of resin tailgates
Start to provide Honda with New「CIVIC」Hatchback

 High rigidity is ensured byusing thermo-plastic
reinforced with glass fiber.
 Parts reduction for design
and productivity improvement
Image courtesy by Honda Motor Co., Ltd.

Pursue the potential for plastic to strengthen the tailgate business andcontribute the environmental-friendly mobility society through lightweight.
P.15

Important Information
This presentation material contains certain statements describing the future plans, strategies
and performance of DaikyoNishikawa Corporation and its consolidated subsidiaries. Thesestatements are not based on historical or present fact, but rather assumptions and estimates
based on information currently available. These future plans, strategies and performances are
subject to known and unknown risks, uncertainties and other factors. DaikyoNishikawa
Corporation’s actual performance, business activities and financial position may differ materiallyfrom the assumptions and estimates provided on account of the risks, uncertainties and otherfactors. The information contained on this presentation should not be considered as an offer, orsolicitation, to deal in any of the investments or funds.

ContactDaikyoNishikawa Corporation
Corporate Planning Department
Phone: +81-82-493-5610©DaikyoNishikawa Corporation All rights reserved.