Consolidated Financial Results for the Nine Months of Fiscal Year Ending March 31, 2018
<under Japanese GAAP>
February 8, 2018
Company name : NIKKO COMPANY
ID number: 5343 Stock listing : Nagoya Stock Exchange Second Section
URL: http://www.nikko-company.co.jp/
Representative : Akiko Mitani, Chief Executive Officer
Contact: Kazuya Nunokawa, Chief Financial Officer (Phone: +81-76-276-2121)
Scheduled date to submit Securities Report: February 9, 2018
Scheduled date to begin dividend payments: Preparation of supplementary materials for financial results : None
Holding of financial results meeting: None
(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2017 (April 1, 2017 - December 31, 2017)(1) Consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Operating income

Profit (loss) attributableto owners of parent

Ordinary income％ Millions of yen％％
Millions of yen
Millions of yen
Millions of yen
Nine months ended
9,971
4.678
2.391
2.169
December 31, 2017
Nine months ended
9,529(5.2)
768940December 31, 2016
Note: Comprehensive income (Millions of yen) :December 31, 2017 : 96 (76.2%)
December 31, 2016 : 54 (-%)
Net income
per share
Yen％
74.3
-

Diluted net income
per share
Yen

Nine months ended
December 31, 2017

3.00

-

Nine months ended
December 31, 2016

1.72

-

* Effective from the first quarter consolidated accounting period, the revenue previously included in "Rent income" under"Non-operating income" is described as "Net sales", The expenses previously included in "Selling, general and administrative expenses"
is described as "Cost of sales" ‘Nine months ended December 31, 2016’ on (1) consolidated operating results is also stated according
to the above way.
(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen
Millions of yen
As of December
9,583
925
31,20179,273
829
As of March 31, 2017
Reference: Shareholders' equity (Millions of yen) : December 31, 2017: 925

Net assets per share%
9.7

Yen
39.71

8.9
Mar. 31, 2017: 829

35.57

2. Dividends(Record date)

Dividend per share
1Q-end2Q-endYen

Fiscal Year
ended March 31,
2017
Fiscal Yearending March 31,
2018
Fiscal Yearending March 31,2018 (forecast)

3Q-endYen

Year-end
Yen-0.00--0.00-

1

Annual
Yen

Yen

0.00

0.00

0.00

0.00

NIKKO COMPANY

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2018 (April 1, 2017 - March 31, 2018)(Percentage figures represent changes from the same period of the previous year.)
Profit attributable
Net income
Net sales
Operating income
Ordinary income
to owners of parentper share
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year***

13,3003.0150

127.7

200

120

196.7(5.1)

5.15

Revision of projected consolidated performance during the period : None
the above figures also follows the same way of 1.(1).
The Group analyzes and makes decisions on investment and management scales and results, etc. from the viewpoint of improving
corporate value over the medium to long term without falling into short-term or speculative perspectives.
On the other hand, in addition to requests for active disclosure of future forecast information by stock exchanges, we carefullyconsidered the opinion of some investors who recognize the usefulness of the next term performance forecasts, and forecast
consolidated earnings forecasts for March 2018 we disclose.
In accordance with this purpose, there is no plan to do anything for quarterly earnings projections in the future.

※Notes(1) Changes in major subsidiaries during the period : None
(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: NoneNone(4) Number of shares outstanding (common shares)
1) Number of shares outstanding (including treasury stock) at the end of the period
December 31, 2017 :24,172,000 sharesMar. 31, 2017 :
24,172,000 shares
2) Number of treasury stock at the end of the period
December 31, 2017 : 863,046 sharesMar. 31, 2017 :858,236 shares
3) Average number of shares issued during the period (cumulative; consolidated)
Nine months ended December 31, 2017 : 23,311,509 shares Nine months ended December 31, 2016 : 23,317,178 shares* The current quarterly financial statements are not subject to a quarterly review.
*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.
Please refer to the third quarter report of the 93th Fiscal Period to be submitted on February 9, 2018 for the outlook of business results
and financial condition.
This report is based on EDINET (Electronic Disclosure System on Disclosure Documents of Securities Reports etc. under the Financial
Instruments and Exchange Act) Please refter to (http://disclosure.edinet-fsa.go.jp/)

2

NIKKO COMPANY
Consolidated quarterly Financial Statements(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
OtherAllowance 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
OtherAllowance 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
Deferred tax ｌiabilities
Provision for directors' retirement benefits
Net defined benefit liability
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 assets

3

FY03/2017(As of Mar.31,2017)(Millions of yen)
FY03/2018(As of Dec.31,2017)

1,158
1,795
1,439515
348
241
164
(2)
5,661

1,174
1,833
1,458
562
652
260
68(2)
6,007

6,765
(4,923)
1,842
4,378(4,133)
244
1,226
(1,116)
109
1,121
120
(84)
36
12
3,366

6,811
(5,044)
1,766
4,508(4,197)310
1,268(1,169)
99
1,121
103
(84)
18
35
3,352

1
83
85

0
65
65

55
105
(1)
159
3,611
9,273

56
102
(1)
157
3,575
9,583

2,499
2,460
334
23
32
81
221
1,080
6,734

2,798
2,450
219
16
39
40
215
1,278
7,058

231
14
6
25
1,311
119
1,709
8,443

141
3
6
31
1,296
119
1,599
8,657

3,470
1,584
(3,652)(337)
1,0653,470
1,584(3,582)
(338)
1,134

0(113)
(123)
(235)
829
9,273

1(113)
(96)
(208)
925
9,583

NIKKO COMPANY(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive income
Consolidated quarterly statements of income
FY03/2017(Apr.1, 2016-Dec.31,2016)(Millions of yen)
FY03/2018(Apr.1, 2017-Dec.31,2017)

9,529
6,669
2,859
2,783
76

9,971
7,022
2,949
2,871
78

06941
57

011132853

28784489219939
9119101―121618813924140―
400―
092
22(0)
2269―
69

FY03/2017(Apr.1, 2016-Dec.31,2016)(Millions of yen)
FY03/2018(Apr.1, 2017-Dec.31,2017)

40690(1)1614540(0)262796

5496――Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Commission fee
Gain on sales of wastes
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sales discounts
Other
Total non-operating expenses
Ordinary income
Extraordinary Income
Gain on sales of noncurrent assets
Outplacement bounty
Total extraordinary Income
Extraordinary loss
Loss on retirement of noncurrent assets
Loss on fire
Total extraordinary losses
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Consolidated quarterly statements of comprehensive income

ProfitOther 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 toComprehensive income attributable to owners of theparent
Comprehensive income attributable to non-controllinginterests4