Year ended December 31, 2023

Consolidated Financial Results for the Third Quarter [JapaneseGAAP]
November 14, 2023
Nomura System Corporation
Listed on
Tokyo Stock Exchange Code3940
URL https://www.nomura-system.co.jp(Link)
Cost
Table PersonTitle:
Representative Director(Name)
Yoshimitsu Nomura
ContactTitle:
Director, General Manager of Administration Department(Name)
Yasuonemoto(Scheduled date to file TEL) 03-6277-0133 Quarterly Securities Report)
November 14, 2023
Scheduled date of commencement of dividend payment―
Supplementary materials for quarterly financial results :Quarterly results briefing:
NoneCompany name:(Amounts are rounded to the nearest

million yen)
Business results for the third quarter of the year ending December 1.2023 (January 1, 2023 to September 30,2023)(1)Operating Results (Cumulative)(Percentages represent changes from the same quarter ofthe previous year.)Net sales

Operating income

Ordinary income

Net profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

2,146

7.0

315

24.3

317

16.3

236

25.6

2,005

0.8

254
(16.3）
Diluted per share
Net profit

272(15.1)

188(15.7)

Third Quarter of Fiscal 2023
Q3 FY12/2022

Quarterly net
income per share

Third Quarter of Fiscal 2023

YenYen5.13

5.10

Q3 FY12/2022
4.06
4.04
(NOTE)We conducted a 2-for-1 stock split on July 1, 2022. Quarterly net income per share and diluted quarterly net income per share are calculated based on theassumption that the stock split was conducted at the beginning of the fiscal year ended December 2022.

(2)Financial Position

Totalassets

Net assets

Equity ratio

Millions of yen

Millions of yen%

Third Quarter of Fiscal 2023

3,211

2,867

89.3

FY 2022/12
Reference: Shareholders' equity
billion yen

3,143

2,836
Third Quarter of Fiscal 2023

90.2
2.867 billion yen

FY 2022/12 2.836

2.Dividends
Dividend pershare
End of first quarterEnd of secondquarterEnd of the thirdquarter

Termend

Total

Yen

Yen

Yen

Yen

Yen

FY 2022/12

-

0.00

-

3.25

3.25

Year ended December 31, 2023

-0.00

3.25

3.25

FY 2023 (Forecast)(NOTE) Revisions to the dividend forecasts most recently announced: NoneForecasts for the Fiscal Year Ending December 3.2023 (January 1, 2023 to December 31, 2023)
Net salesMillions ofFull yearyen

2,750

Operating income%

2.0

Millions ofyen

275(NOTE) Revisions to the most recently announced earnings forecasts(Percentages indicate year-on-year changes.)
Net income pershare

Ordinary income%Millions ofyen(21.9）

275: NoneNet Income%(25.9）

Millions ofyen

187%(26.7)

Yen

4.04

※Notes(1)Application of special accounting methods for preparing quarterly financial statements : None
(2)Changes in accounting policies and changes or restatement of accounting estimates① Changes in accounting policies caused by revision of accounting standards: None② Changes in accounting policies other than (i): None③ Changes in accounting estimates: None④ Restatement of revisions: None(3)Number of shares outstanding (common shares)① Number of shares outstanding at the end of the period(including treasury stock)3Q for the Year Ended
December 31, 2023

46,444,800 shares

FY 2022/12

46,444,800 shares② Number of treasury stock at the end of the period

3Q for the Year Ended
December 31, 2023

547,604 shares

FY 2022/12

39,484 shares③ Average number of shares outstanding (quarterlyconsolidated cumulative period)

3Q for the Year Ended
December 31, 2023

45,985,729 shares

3Q for the Year Ended
December 31, 2022

46,247,235 shares(NOTE)We conducted a 2-for-1 stock split on July 1, 2022. The number of outstanding shares (common shares) is calculated assuming that the stock split occurred at
the beginning of the fiscal year ended December 2022.

※※

Quarterly financial results are not subject to quarterly review by a certified public accountant or auditing firm.
Explanations and other special notes concerning the appropriate use of business performance forecasts

The earnings forecasts and other forward-looking statements herein are based on information currently available to the Company and on certain assumptions deemed
to be reasonable, and do not constitute guarantees by the Company of future performance. Actual results may differ materially from the forecast depending on arange of factors. Although results for the current fiscal year are steady compared to the earnings forecast, the domestic economic environment and other factors
remain uncertain, so we will once again disclose the full-year earnings forecast.

○ Accompanying Materials – Contents.............................................................................................................................................1.Quarterly Financial Statements and Major Notes 2...................................................................................................................................................................................(1)Quarterly balance sheet2......................................................................................................................................................................(2)Quarterly Statements of Income3...................................................................................................................................................... (3) of Notes to Quarterly Financial Statements(Notes on the Going Concern Assumption) ............................................................................................................................................... 4(Notes on Substantial Changes in the Amount of Shareholders' Equity) ................................................................................................... 4

2.Quarterly Financial Statements and MajorNotes(1)Quarterly Balance Sheets(Thousands of yen) Third quarter ofPrevious fiscal year
(As of December 31,2022)

the current fiscal year
(As of September 30, 2023)Assets
Current assets
Cash and deposits
Accounts receivable and contract assets

2,068,810

2,513,609

454,257

524,260

Work in process

2,704

7,579

Others21,34025,7702,547,111

3,071,218

55,75450,563

Total current assets
Fixed assets
Property, plant and equipment
Intangible assets

218

218

Investments and other assets

540,153

88,584

Total noncurrent assets

596,125

139,365

3,143,237

3,210,583

Accounts payable

159,130

180,567

Income taxes payable

53,01037,707

Total assets
Liabilities
Current liabilities

Others78,511

108,732

Total current liabilities

290,651

327,006

Asset retirement obligations

16,504

16,518

Total noncurrent liabilities

16,504

16,518307,155

343,524

Long-term liabilities

Total liabilities
Net assets
Shareholders' equity
Common stock

323,871

323,871

Capital surplus

280,371

280,402

Retained earnings

2,242,861

2,327,754

Treasury stock(5,646）(65,039)

Total shareholders' equity

2,841,457

2,866,989

Valuation and translation adjustments
Valuation difference on available-for-sale securities(5,446）-Total valuation and translation adjustments(5,446)-Stock acquisition right
Total net assets
Total liabilities and net assets

27171

2,836,082

2,867,059

3,143,237

3,210,583

(2)Quarterly Statements of Income
Q3 YTD(Thousands of yen)
Cumulative Third Quarter ofPrevious Fiscal Year (FromJanuary 1, 2022 to September
30, 2022)

Third Quarter (January 1, 2023
to September 30, 2023)

Net sales

2,004,582

2,145,560

Cost of sales

1,514,594

1,597,401

Gross profit

489,988548,159

Selling, general and administrative expenses

236,273

232,691

Operating income

253,714315,468

Non-operating income
Interest income
Dividends income
Subsidy income
Others1820

18,224

-

-

1,959

206

81

18,4492,060

Loss on valuation of investment securities-805

Others-85

Total non-operating income
Non-operating expenses

Total non-operating expenses-

891

272,163316,637

Gain on sales of investment securities-

27,688

Total extraordinary income-

27,688

Quarterly income before income taxes

272,163344,325

Income taxes

80,29891,777

Income taxes-deferred

4,176

16,837

Total income taxes

84,474

108,614

Net profit

187,689

235,711Ordinary income
Extraordinary income3(3)Notes to Quarterly Financial Statements(Going Concern Assumption) Not applicable.

(Notes on Significant Changes in Shareholders' Equity) Not applicable.

4