Financial Results for the First Quarter of Fiscal Year Ending March 31, 2012
(Three Months Ended June 30, 2011) <under Japanese GAAP> (Consolidated)
August 11, 2011
Company name : NIKKO COMPANY
ID number : 5343 Stock listing : Nagoya Stock Exchange Second Section
URL : http://www.nikko-company.co.jp/
Representative : Makoto Yoshida, Chief Executive Officer
Contact : Yasuhiro Kurauchi, Finance and Administration, General Manager (Phone: +81-76-276-2121)
Scheduled date to submit Securities Report : August 12, 2011
Scheduled date to begin dividend payments : Preparation of supplementary materials for quarterly financial results: None
Holding of quarterly financial results meeting: None
(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Three Months Ended June 30, 2011 (April 1, 2011 - June 30, 2011)(1) Consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Operating income％Millions of yen
Three months ended
June 30, 2011

4,422

Three months ended
4,461
Jan. 31, 2011
Note: Comprehensive income (Millions of yen):

Millions of yen

Net income％Millions of yen％

Millions of yen-22-

26-

247-

9.0(238)-(229)-(257)-

June 30, 2011: 241 ( -%)Net income pershare

Jan 31, 2011: (262) (-%)

Diluted net income
per share
Yen

Three months ended
June. 30, 2011

Ordinary income％

Yen

13.22

-

Three months ended(13.76)
Jan. 31, 2011
Note: Nikko Company has changed its fiscal year-end from October 31 to March 31 as a result, the months used in comparisons of thefirst quarter of the current fiscal year (April 1 to June 30) and the first quarter of the previous fiscal period (November t 1 o January 31)
differ and therefore comparisons with the same period of the previous period are not provided.
(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Equity ratio

Net assets per share

Millions of yen%

Yen

As of June 30, 2011

13,558

3,622

26.7

193.36

As of Mar. 31, 201113,288

3,381

25.4

180.49Reference: Shareholders' equity (Millions of yen):

June 30, 2011: 3,622

Mar. 31, 2011: 3,381

2. Dividends(Record date)1Q-end2Q-endYen

Year ended Mar. 31, 2011
Year ending Mar. 31, 2012Year ending Mar. 31, 2012
(forecast)
Notes: Revision of dividend forecast during the period: None

Dividend per share
3Q-endYen
Yen

Year-end

Annual
Yen

Yen--

0.00

0.00

--

0.00

0.00

13. Consolidated Forecast for the Fiscal Year Ending March 31, 2012 (April 1, 2011 - March 31, 2012)(Percentage figures represent changes from the same period of the previous year.)
Net income perNet sales
Operating income
Ordinary income
Net income
shareMillions of yen%

Millions of yen%

Millions of yen

First half-----

Full year

19,500-

100-

100%

Millions of yen%

Yen-200-

10.68

Notes: Revision of projected consolidated performance during the period: None
*1. We do not present a forecast for the first half of the fiscal year ending March 31, 2012.
*2. The fiscal period ended March 31, 2011 was an irregular 5-month period resulting from the change in fiscal year end and therefore
comparisons with the previous period are not provided.
.
4. Other(1) Changes in major subsidiaries during the period: None
New: — companies (Company name:Eliminated: — companies (Company name:))(2) Application of special accounting methods for quarterly consolidated financial statements: Yes
Note: Application of simplified methods and special accounting methods for presenting quarterly consolidated financial statements(3) Changes in accounting policies, changes in accounting estimates, or restatement
1) Changes in accounting policies due to changes in consolidated accounting methods: None
2) Changes other than 1) above: None
3) Changes in accounting estimates: None
4) Restatement: None
(4) Number of shares outstanding (common shares)
1) Number of shares outstanding (including treasury stock) at the end of the period
June 30, 2011:
19,572,000 sharesMar. 31, 2011:
2) Number of treasury stock at the end of the period
June 30, 2011:
836,847 sharesMar. 31, 2011:
3) Average number of shares issued during the period (cumulative; consolidated)
Three months ended June 30, 2011: 18,735,970 shares
Three months ended Jan. 31, 2011:

19,572,000 shares
835,419 shares
18,737,940 shares*Information regarding the implementation of quarterly review procedures
The current quarterly financial statements are exempted from quarterly review procedures based on the Financial Instruments andExchange Law. At the time of disclosure, we have completed the review process for these consolidated statements.

*Appropriate use of business forecasts, other special items
Forecasts regarding future results in these materials are based on assumptions judged to be valid and information available to theCompany at the time the materials were created. Actual results may differ significantly from these forecasts for a number of reasons.

22. Quarterly Consolidated Financial Statements(1) Consolidated Balance SheetAssets
Current 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
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
LiabilitiesCurrent liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Provision for retirement benefits
Provision for directors' retirement benefits
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
Accumulated other comprehensive income
Total net assets
Total liabilities and net assets

3FY03/2011(As of Mar.31,2011)(Millions of yen)First quarter of FY03/2012(As of June 30,2011)

1,468
3,060
1,959
857
218
352
2132(158)
7,893

1,449
2,924
2,323
833
297
459
2120(156)
8,254

6,750
(4,426)2,324
1,261
6,900(6,089)
810
4,395
319

6,755(4,470)
2,285
1,261
6,912(6,128)
783
4,329
300

542
525(388)679
5,395
13,288540522(388)673
5,303
13,558

3,364
793
162
30
373
103
1,385
6,212

3,707
801
176
22
419
104
1,311
6,542

1,720
1,414
99
459
3,694
9,907

1,677
1,162
93
459
3,392
9,935

3,200
2,066
(1,231)
(334)
3,701

3,200
2,066
(983)
(334)
3,948

(191)
(128)
(319)
3,381
13,288(194)
(131)
(325)
3,622
13,558

(2) Consolidated quarterly statements of income
and consolidated quarterly statements of comprehensive income(For the Three-month Period)
Consolidated quarterly statements of income(Millions of yen)First quarter of FY03/2011 First quarter of FY03/2012(Nov.1,2010-Jan.31,2011) (Apr.1,2011-June30,2011)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Foreign exchange gains
Rent income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange loss
Other
Total non-operating expenses
Ordinary loss
Extraordinary Income
Gain on sales of noncurrent assets
Reversal of allowance for doubtful accounts
Gain on abolishment of retirement benefit planTotal extraordinary Income
Extraordinary loss
Provision of allowance for loss on valuation ofinvestments of subsidiaries and affiliates
Impairment loss
Loss on adjustment for changes of Accounting Standard
for asset retirement obligations
Loss on liquidation of subsidiaries and affiliates
Other
Total extraordinary losses
Loss before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Loss before minolity inretests
Net loss

4

4,461
3,231
1,229
1,468
(238)

4,422
3,058
1,364
1,341
220
10612
290―
72532

14―
721(229)

12782826―
1214260―
283
283―

7―

4143―

5050(253)
10(5)4(257)(257)―
15125911011247
247

Consolidated quarterly statements of comprehensive income

Income(loss) before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of theparent
Comprehensive income attributable to minority interests

5First quarter of FY03/2011(Nov.1,2010-Jan.31,2011)(Millions of yen)First quarter of FY03/2012(Apr.1,2011-June30,2011)

(257)

247

(7)
2(4)
(262)

(2)
(3)
(6)
241

(262)

241

――

(3) Going Concern Assumption
No reportable information.

(4) Segment Information[Segment Information]
Ⅰ First Quarter of FY03/2011 (Nov. 1, 2010 - Jan. 31, 2011)
1. Information related to net sales and profit or loss for each reportable segment

Housing &Environmental
Equipment

Tabletop

ElectroCeramics

Other(Millions of yen, rounded down)Amounts
shown onSegment
Adjustment
quarterlytotal(Note 1)
consolidated
statements ofincome

Net sales(1)Sales to Outside
2,456
1,346
649
94,461
4,461
Customers(2)Intersegment sales
or Transfers
Total
2,456
1,346
649
94,461
4,461
Segment profit (loss)(Operating income (loss))
(11)
(38)
(20)
(13)
(84)
(153)
(238)
Notes: 1. The “Other” category indicated businesses not included in reporting segments, including sales of other products.
2. Segment income adjustment of 153 million yen consists of expenses, such as general administrative expenses, andresearch and development costs that do not belong to the reportable segments.
2. Information regarding impairment loss on fixed assets and goodwill by reportable segment
No reportable information
Ⅱ First Quarter of FY03/2012 (Apr. 1, 2011 - June 30, 2011)
1. Information related to net sales and profit or loss for each reportable segment

Housing &Environmental
Equipment

Tabletop

ElectroCeramics

Other(Millions of yen, rounded down)Amounts
shown onSegment
Adjustment
quarterly
total(Note 1)
consolidated
statements ofincome

Net sales(1)Sales to Outside
2,720
1,174
512
15
4,422
4,422
Customers(2)Intersegment sales
or Transfers
Total
2,720
1,174
512
15
4,422
4,422
Segment profit (loss)(Operating income (loss))
203
22(55)
(5)
164
(142)
22
Notes: 1. The “Other” category indicated businesses not included in reporting segments, including sales of other products.
2. Segment income adjustment of 142 million yen consists of expenses, such as general administrative expenses, andresearch and development costs that do not belong to the reportable segments.
2. Information regarding impairment loss on fixed assets and goodwill by reportable segment
During the subject three-month period, impairment loss amounted to 41 million yen in the Electro-Ceramics Division.
(5) Significant changes in Shareholder’s Equity
Not applicable.

6

(Supplementary Information)
Sales by Segment

Industry Segment(Millions of yen, rounded down)First Quarter of FY03/2011(Nov. 1, 2010 - Jan. 31, 2011)

First Quarter of FY03/2012(Apr. 1, 2011 - June 30, 2011)

FY03/2011(Nov. 1, 2010 - Mar. 31, 2011)

Net Sales

Percent of
Net Sales

Net Sales

Percent ofNet Sales

Net Sales

Housing & Environmental
Equipment

2, 45655.1%

2, 720

61.5%

4,390

56.6%

Tabletop

1,346

30.2

1,174

26.5

2,247

29.0

Electro- Ceramics

64914.5512

11.6

1,085

14.0

Other90.2

150.4

310.4

Total

4,461

100.0

4,422

100.0

7,754

100.0

Percent ofNet Sales

Notes:
1. Amounts are converted to sales prices.
2. Amounts do not include consumption taxes.
3. The following table indicates the Company’s Overseas sales share by industry segment and percentage figures represent
Overseas sales ratio.
(Millions of yen, rounded down)First Quarter of FY03/2011(Nov. 1, 2010 - Jan. 31, 2011)

First Quarter of FY03/2012(Apr. 1, 2011- June 30, 2011)

OverseasSales

Overseas Sales
RatioOverseas
Sales

Overseas Sales
Ratio

Overseas
Sales

Tabletop

445

33.1%

327

27.9%

685

30.5%

Electro- Ceramics

163

25.1

162

31.7

306

28.3

Total

608

13.6

490

11.1

992

12.8

Industry Segment

7

FY03/2011(Nov. 1, 2010 - Mar. 31, 2011)
Overseas Sales
Ratio