Non-consolidated Financial Results for the First Quarter of 2020(Three Months Ended March 31, 2020)[Japanese GAAP]May 15, 2020

Company name:
Stock code:
Representative:
Contact:

Nomura System Corporation Co., Ltd.
Listing: Tokyo Stock Exchange(the first section)
3940
URL: http://www.nomura-system.co.jp
Yoshimitsu Nomura, President
Yasuo Nemoto, Managing Director, General Manager of Administrative and Consulting Dept
Tel: +81-3-6277-0133
May 15, 2020
Scheduled date of filing of Quarterly Report:
Scheduled date of dividend payment:
Preparation of supplementary materials for quarterly financial results: YesHolding of quarterly financial results meeting:None(All amounts are rounded off to the nearest million yen)

1. Financial Results for the First Quarter (January 1 to March 31, 2020) of 2020
(1) Results of operations(Percentages represent year-on-year changes)
Net sales

Operating income

Millions of yen

Three months ended Mar. 31, 2020Three months ended Mar. 31, 2019

% Millions of yen

684
618

10.7
0.3

129
90

Ordinary income%

42.2
△5.4

Millions ofyen

137
99

Net income per share

Diluted net income per share

YenYenProfitMillions of%
yen

38.8
3.2%9468

39.5
9.9

Three months ended Mar. 31, 2020
8.23
8.14
Three months ended Mar. 31, 2019
5.92
5.83
Notes: Nomura System conducted a 2-for-1 common stock split on August 1, 2019. Net income per share and diluted net income
per share have calculated as if these stock splits had taken place at the beginning of 2019.

(2) Financial position

Total assets

Net assets

Millions of yen

As of March. 31, 2020
As of December. 31, 2019
Reference: Shareholders’ equity (millions of yen)

2,461
2,582
As of Mar. 31, 2020:

2. Dividends
1Q-end2,201Yen

Yen

Year ended Dec. 31, 20190.00
Year ending Dec. 31, 2020
Year ending Dec. 31, 2020 (Forecast)
0.00
Notes: 1. Revisions to the most recently announced dividend forecast: None

3. Forecast for 2020 (January 1 to December 31, 2020)
Net sales
Millions of yen

Operating income%

Millions ofyen

Ordinary income%Millions ofyenFirst half
1,284
4.5
139
△19.7
Full year
2,700
12.0379
13.3
Notes: Revisions to the most recently announced forecast: None

139379%

2,202
2,304
As of Dec. 31, 2019: 2,304

Dividend per share
3Q-end2Q-endYenShareholders’ equity ratio

Millions of yen

Year-end
Yen

89.4
89.2

Total
Yen-

11.00

11.00

-

11.00

11.00

(Percentages represent year-on-year changes)
Profit
Net income per share%

Millions of yen%

Yen

△23.4
7.1

95
258

△23.7
7.4

8.3
22.56

* Notes(1) Application of special accounting methods for presenting quarterly financial statements: None
(2) Changes in accounting policies and accounting estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Restatements: None

(3) Number of shares outstanding (common stock)1) Number of shares outstanding at the end of the period (including treasury shares)

As of Mar. 31, 2020:

11,505,600 shares

As of Dec. 31, 2019:11,505,000 shares

As of Dec. 31, 2019:50,330 share2) Number of treasury shares at the end of the period

As of Mar. 31, 2020:

50,330 shares

3) Average number of shares outstanding during the period
Three months ended Mar. 31, 2020: 11,454,848 shares

Three months ended Mar. 31, 2019: 11,412,596 share

Notes: Nomura System conducted a 2-for-1 common stock split on August 1, 2019. The number of shares issued (common stock)has calculated as if these stock splits had taken place at the beginning of 2019.
* The current quarterly financial report is not subject to quarterly review procedures.
* Cautionary statement with respect to forward-looking statements, and other special items
Forecasts of future performance in this document are based on assumption judged to be valid and information currently
available to the management, but are not promises by Nomura System regarding future performance. Actual results may differ
materially from the forecasts for a number of reasons.

Nomura System Corporation Co., Ltd. (3940) Financial Results for the First Quarter of 2019

Contents of Attachments
1. Quarterly Financial Statements and Notes

2(1) Quarterly Balance Sheet

2(2) Quarterly Statement of Income

3(3) Notes to Quarterly Financial Statements

4Going Concern Assumption

4

Significant Changes in Shareholders’ Equity

41

Nomura System Corporation Co., Ltd. (3940) Financial Results for the First Quarter of 2019

1. Quarterly Financial Statements and Notes(1) Quarterly Balance Sheet(Thousands of yen)First Quarter of 2020
(As of Mar. 31, 2020)2019(As of Dec. 31, 2019)
AssetsCurrent assets
1,759,895

1,717,350

Accounts receivable-trade330,706

339,125

Work in process

25,043

9,958

Cash and deposits

Other
Total current assets

10,93919,2712,126,583

2,085,705

5,692

5,232

218

218

384,193282,366

Non-current assets
Property, plant and equipment
Total property, plant and equipment
Other
Investments and other assets
Investment securities
Other
Total Investments and other assets
Total non-current assets
Total assets

65,53187,364

449,723

369,730

455,634

375,180

2,582,217

2,460,885

140,795

140,015

57,84037,312

Liabilities
Current liabilities
Accounts payable-trade
Income taxes payable
Other

75,76078,062

Total current liabilities

274,395

255,390

Non-current liabilities
Asset retirement obligations
Total non-current liabilities
Total liabilities

3,541

3,551

3,541

3,551

277,936

258,941

316,156

316,198

272,656

272,698

1,774,955

1,743,181

Net assets
Shareholders’ equity
Capital stock
Legal capital surplus
Retained earnings brought forward
Treasury stock△27,402△27,402

Total shareholders’ equity

2,336,364

2,304,675

Valuation difference on available-for-sale securities△32,788△103,435

Total Valuation and translation adjustments△32,788△103,435

Valuation and translation adjustments

705705

Total net assets

2,304,281

2,201,945

Total liabilities and net assets

2,582,217

2,460,885

Stock acquisition rights

2

Nomura System Corporation Co., Ltd. (3940) Financial Results for the First Quarter of 2019(2) Quarterly Statement of Income(For the Three-month Period)First three months of 2019
(Jan. 1 – Mar. 31, 2019)
618,111(Thousands of yen)First three months of 2020
(Jan. 1 – Mar. 31, 2020)
684,314

Cost of sales

454,618

487,553

Gross profit

163,492

196,761

Selling, general and administrative expenses

73,061

68,125

Operating income

90,431

128,636

8

9

7,950

8,543

456

0

8,414

8,551

98,845

137,188

Profit before income taxes

98,845

137,188

Income taxes-current

25,71233,704

Income taxes-deferred

5,609

9,256

Total income taxes

31,32142,960

Profit67,524

94,228Net sales

Non-operating income
Interest income
Gain on sales of investment securities
OtherTotal non-operating income
Ordinary income3Nomura System Corporation Co., Ltd. (3940) Financial Results for the First Quarter of 2019(3) Notes to Quarterly Financial Statements
Going Concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.

This financial report is solely a translation of “Kessan Tanshin” (in Japanese, including attachments), which has been preparedin accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers who prefer
an English translation.

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