Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2022
(Based on Japanese GAAP)
October 31, 2022
NIPPON KINZOKU CO., LTD.
Company name:
Stock exchange listing: Tokyo
Stock code:
Representative:

5491
President

URL

https://www.nipponkinzoku.co.jp/Yasushi Shimokawa

Inquiries:

Managing Executive Officer,General Manager, Finance Department

Hisashi Maruyama

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

November 10, 2022–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo

TEL

03-5765-8105(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended September 30, 2022
25,894
8.8
852
83.3
817
97.4
553 417.0
Six months ended September 30, 2021
23,798
32.2
464–
414–
107 (78.6)
Earnings per share

Diluted earnings per share

Yen
82.70
15.99

Six months ended September 30, 2022
Six months ended September 30, 2021

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen71,096
72,179As of September 30, 2022
As of March 31, 2022

Equity ratio

Millions of yen
24,07523,314

Net assets per share%
33.9
32.3

Yen
3,596.34
3,482.66

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
0.00
0.00

Yen–

Yen
0.00

Yen
0.00

–

5.00

5.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Net sales
Full year

Millions of yen
55,000Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
12.0
1,300(9.6)
1,300(2.8)
700 (72.2)
104.5714. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022

6,700,000 shares As of March 31, 2022

6,700,000 shares

5,678 shares As of March 31, 2022

5,654 shares

Number of treasury shares at the end of the period
As of September 30, 2022

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022

6,694,332 shares Six months ended September 30, 2021

26,694,428 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of September 30, 2022

AssetsCurrent assets
Cash and depositsNotes and accounts receivable - trade

10,134
9,102

6,781
9,464

Electronically recorded monetary claims - operating
Merchandise and finished goods

5,123
5,153

4,641
6,952

Work in process
Raw materials and supplies

4,936
1,531

5,465
1,847

601
(2)

371
(1)

36,58035,523

Buildings and structures, net
Machinery, equipment and vehicles, net

3,956
11,113

3,986
10,789Land
Other, net

16,245977

16,231
1,417

Total property, plant and equipment

32,29232,424

Intangible assets
Investments and other assets

152133

Investment securities
Other2,120
1,068

1,995
1,054

Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Allowance for doubtful accounts

(35)

(35)

Total investments and other assets

3,153

3,015

35,59835,57372,17971,096

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2022

As of September 30, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade13,323

10,454

1,080
10,922

4,577
13,960

337
46344
73

Provision for environmental measures
Other37
6,030–2,744

Total current liabilities

31,77832,155

Non-current liabilities
Long-term borrowings

11,520

9,230

3,041
2,237

3,041
2,329

21
266

48
217

17,087

14,866

48,86547,021

Shareholders' equity
Share capital

6,857

6,857

Capital surplus
Retained earnings

986
8,465

986
9,001

Electronically recorded obligations - operating
Short-term borrowings
Provision for bonuses
Provision for product warranties

Deferred tax liabilities for land revaluation
Retirement benefit liability
Provision for environmental measures
Other
Total non-current liabilities
Total liabilities
Net assets

Treasury shares
Total shareholders' equity

(10)

(10)

16,298

16,834

804
6,059

725
6,077

163
(12)

445
(7)

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4

7,015

7,240

23,31424,07572,17971,096

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended

Six months ended

September 30, 2021

September 30, 2022

Net sales
Cost of sales

23,79820,84425,894
22,486Gross profit

2,953

3,407

615

567

1,037

1,127

Provision for bonuses
Retirement benefit expenses

9775

106
69

Depreciation
Other

121
541

100
584

2,489

2,555

464

852

Interest income
Dividend income

225

335

Rental income
Sales of scraps income

1919

19
23

Other30

25

Total non-operating income

98

106

Interest expensesForeign exchange losses

7133

8538

Depreciation
Other30
14–
16

Total non-operating expenses

148141

Selling, general and administrative expenses
Freight and packing costs
Remuneration, salaries and allowances for directors (and otherofficers)

Total selling, general and administrative expenses
Operating profit
Non-operating income

Non-operating expenses

Ordinary profit

414

817

Extraordinary income
Gain on sale of non-current assets

33

Total extraordinary income

3329

14

Loss on valuation of investment securities–17

Total extraordinary losses

2932

Profit before income taxes

388

789

Income taxes - current
Income taxes - deferred

167
113

199
35

Total income taxes

280

235

Profit107

553

Profit attributable to owners of parent

107

553

Extraordinary losses
Loss on retirement of non-current assets

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Six months ended

Six months ended

September 30, 2021

September 30, 2022
107

553

Valuation difference on available-for-sale securities
Foreign currency translation adjustment(41)
10(78)
281

Remeasurements of defined benefit plans, net of tax

174

Total other comprehensive income

(13)

207

Comprehensive income

93760

Comprehensive income attributable toComprehensive income attributable to owners of parent

93760

––

Comprehensive income attributable to non-controllinginterests

6