Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
[Japanese GAAP]May 9, 2024
Company name: NIPPON HUME CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Securities code: 5262
URL: https://www.nipponhume.co.jp
Representative: Tomoyuki Masubuchi, President and Representative Director
Contact: Kenichi Kojima, General Manager of Accounting Division
Phone: +81-3-3433-4111
Scheduled date of Annual General Meeting of Shareholders: June 27, 2024
Scheduled date of commencing dividend payments: June 28, 2024
Scheduled date of filing annual securities report: June 27, 2024
Preparation of supplementary briefing material on financial results: Yes
Holding of financial results briefing session: Yes (for analysts, and institutional investors)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toTurnoverOperating income
Ordinary income
owners of parent
company
Million yen%

Million yen%

Million yen%

Fiscal year ended
33,732
1,381
2,391
5.8
11.8
13.8
March 31, 2024
Fiscal year ended
31,876
1,236 (14.7)
2,102(16.8)
8.1
March 31, 2023
(Note) Comprehensive income: Fiscal year ended March 31, 2024: ¥3,946 million [111.3%]
Fiscal year ended March 31, 2023: ¥1,867 million [7.7%]
Earnings per
share

Diluted earnings
per share

Yen

Fiscal year ended
79.91
March 31, 2024
Fiscal year ended
68.12
March 31, 2023
(Reference) Share of income (loss) of associates:(2) Consolidated Financial Position
Total assets
Million yen

Million yen

%

1,912

16.4

1,642

(23.1)

Ordinary
incometo total assets

Return on
equityOperatingincome toturnover

Yen

%

%

%

―

4.8

4.1

4.1

―

4.4

3.9

3.9

Fiscal year ended March 31, 2024: ¥719 million
Fiscal year ended March 31, 2023: ¥609 million
Net assets
Million yen

As of March 31,
62,07941,5992024
As of March 31,
54,97938,201
2023(Reference) Equity: As of March 31, 2024: ¥41,128 million
As of March 31, 2023: ¥37,899 million

Equity ratio

Net assets per share
%

Yen

66.3

1,725.59

68.9

1,575.56

(3) Consolidated Cash FlowsNet cash provided by Net cash provided by Net cash provided by(used in) operating(used in) investing(used in) financing
activities
activities
activities
Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023

Cash and cash
equivalents at end of
periodMillion yen

Million yen

Million yen

Million yen

2,774

(121)

(790)

14,304

649

(757)

(519)

12,418

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
(Forecast)

Total

Yen

Yen

Yen

Yen

―

―

―

21.00

21.00

―

―

―

25.00

25.00

―

17.00

―

17.00

34.00

Total
dividends

Payoutratio(consolidated)

Yen Million yen

Dividends
to netassets(consolidated)

%

%

539

30.8

1.4

636

31.3

1.5

40.5

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025
(April 1, 2024 to March 31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable toEarnings
TurnoverOperating income
Ordinary income
owners of parent
per sharecompany
Million yen

Full year

37,000% Million yen

9.7

1,700

%

Million yen%

Million yen

%

Yen

23.0

2,600

8.7

2,000

4.6

83.91

* Notes(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): No
Newly included: ― (Company name)
Excluded: ― (Company name)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards, etc.: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024: 29,347,500 shares
As of March 31, 2023: 29,347,500 shares2) Total number of treasury shares at the end of the period
As of March 31, 2024: 5,513,111 shares
As of March 31, 2023: 5,292,998 shares
3) Average number of shares during the period
Fiscal year ended March 31, 2024: 23,932,636 sharesFiscal year ended March 31, 2023: 24,110,733 shares* The financial results are not subject to auditing by certified public accountants or auditing corporations.
* Explanation of the proper use of financial results forecast and other notes
The financial results forecast and other forward-looking statements contained in these materials are based on
information available to the Company and on certain assumptions deemed to be reasonable as of the date of
publication of this document. They are not intended as a commitment by the Company that these results will beachieved. Actual results may differ considerably as a result of numerous factors. For the assumptions used in thefinancial results forecast and precautionary notes on its use, please refer to “1. Overview of Operating Results (4)Future Outlook” on page 4 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Table of Contents
1. Overview of Operating Results ........................................................................................................... 2(1) Overview of Operating Results for the Fiscal Year under Review .................................................. 2(2) Overview of Financial Position in the Fiscal Year under Review ................................................... 3(3) Overview of Cash Flows in the Fiscal Year under Review ............................................................. 3(4) Future Outlook ................................................................................................................................ 4(5) Basic Policy for the Distribution of Profits and the Dividend Payout for the Fiscal Year Under
Review and the Coming Fiscal Year ................................................................................................ 4
2. Basic Approach Concerning Selection of Accounting Standards ........................................................ 5
3. Consolidated Financial Statements ...................................................................................................... 6(1) Consolidated Balance Sheets .......................................................................................................... 6(2) Consolidated Statements of Income and Comprehensive Income .................................................. 8(3) Consolidated Statements of Changes in Net Assets ...................................................................... 10(4) Consolidated Statements of Cash Flows ....................................................................................... 12(5) Notes to the Consolidated Financial Statements ........................................................................... 14(Notes on going concern assumption) ........................................................................................... 14(Segment information, etc.) ........................................................................................................... 14(Per share information) ................................................................................................................. 17(Significant subsequent events) ..................................................................................................... 17

1

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

1. Overview of Operating Results(1) Overview of Operating Results for the Fiscal Year under Review
During the fiscal year ended March 31, 2024, the Japanese economy was on a recovery track, driven by theaccelerated normalization of economic and social activities, with the Nikkei Stock Average reaching its highest
level in 34 years against a back drop of growing inbound demand due in part to the removal of movement
restrictions caused by COVID-19 and strong corporate performance.
In the secondary concrete products industry, the Group’s mainstay product line, the nationwide demand forthe concrete piles, Hume pipes, and other products fell far below the levels seen in the previous fiscal year,
resulting in an extremely difficult business environment.
Under these conditions, the Company will celebrate the 100th anniversary of its funding in 2025, and is
working on fundamental business restructuring to become a 200-year company under its five-year mediumterm management plan “23-27 Plan R,” with 2025 as a milestone.
The main initiatives under the fiscal year under review, the first year of the plan, are provided below.
In terms of management strategy, we acquired shares of COSHO Co., Ltd. in January 2024 and made it aconsolidated subsidiary, in order to achieve a synergy between human resources and technology through a merger
and acquisition (M&A) and to strengthen the supply chain of steel products essential for secondary concrete
products.
In terms of sales strategy, a Customer Relationship Management (CRM) system was introduced, in order forthe divisions of sales, technology, production, construction, and management to organically develop
organizational sales activities, beginning with our customers. While improving productivity of sales activities
through information sharing, we will promote human resource development by formalizing tacit knowledge andalso continue to reform our organizational sales structure based on the data-driven approach.
In terms of design technology strategy, as a way to strengthen our sales force for design proposals, we worked
to improve the design system for the PC-well method (caisson foundation), an original method of the Company.
This has enabled us to reduce the time required for design to one-sixth of the conventional time, thereby
expanding opportunities for design proposals. In addition, as part of our organizational sales, we established the“Precast Design Center” in the Technical Department to strengthen our design system. We will continue topromote design solution reform by building a system enabling the provision of consultation for our customers in
all regions and expanding opportunities to receive orders.
In terms of production technology strategy, with the aim of labor saving and streamlining at the plants in the
future, we delivered precast (PCa) members to be applied to large structures manufactured by utilizing 3D printertechnology for construction. In order to address labor shortages among construction workers and to promote
work-style reform at the plants of the Company, we will continue to work on developing production technology
using this technology.
In terms of R&D, we worked on development of new precast and other products to expand business areas, aswell as decarbonized technology such as e-CON®, a low-carbon, high-functioning concrete, focusing on
development for strengthening existing businesses, such as concrete piles and Hume pipes. We will continue towork tirelessly toward R&D and its commercialization from short-term and medium- to long-term perspectives.
In terms of environmental measures, the blue infrastructure (block) using e-CON®, a low-carbon, highfunctioning concrete, has been adopted by the Ministry of Land, Infrastructure, Transport and Tourism for its port
and harbor construction work. In addition to reducing CO2 emissions, we will work to extend the life of social
infrastructure with this product that is highly resistant to salt damage and acids.
In terms of construction strategy, we strived to strengthen safety measures through safety patrols by top
management, increase personnel in the construction system, and reduce the time required for construction
management operations (approximately 6% reduction) by deploying the “Pile-ViMSys®” ICT construction
management system nationwide. We will continue to work on measures to improve safety and construction
quality.
In terms of human resources strategy, under the slogan of “Turning Human Resources into Human Capital,”
2

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

we have provided opportunities for human resource development through social network services (SNS) by top
management and roundtable meetings with employees working at construction sites, as well as strengthened our
new role-oriented personnel system and recruitment structure. We will continue to enhance corporate value
through human resource development.
As a result of these initiatives, in the fiscal year ended March 31, 2024, turnover amounted to ¥33,732 million(up 5.8% year on year), operating income was ¥1,381 million (up 11.8%), ordinary income was ¥2,391 million(up 13.8%), and profit attributable to owners of parent company was ¥1,912 million (up 16.4%).
The Group will work as one to enhance corporate value and to propel our medium-term management plan“23-27 Plan R” to meet the expectations of its shareholders and stakeholders.
An overview of the business segments is provided below.
1) Foundations businessAlthough nationwide demand for the concrete piles division fell far below the levels seen in the previous
fiscal year, the Company strategically developed its sales activities.
Orders awarded increased mainly in the Kanto region, and the progress in improving selling prices tocounter the soaring raw material prices has also had an impact. As a result, turnover and operating income
increased to ¥21,924 million (up 10.1% year on year) and ¥1,161 million (up 259.6%), respectively.
2) Sewerage-related business
Due to lower market demand than in the previous fiscal year, turnover was ¥10,269 million (down 1.9%
year on year) and operating income was ¥1,272 million (down 24.3%).
3) Solar Power Generation and Real Estate business
Turnover amounted to ¥1,471 million (up 2.2% year on year) and operating income was ¥815 million(up 1.0%). Income in the solar power generation area and real estate rental income both maintained thesame level as in the previous fiscal year.
4) Others
In Others, turnover totaled ¥67 million (up 25.6% year on year) and operating income was ¥53 million (up29.9%).

(2) Overview of Financial Position in the Fiscal Year under Review
Total assets as of March 31, 2024, had increased ¥7,099 million from the end of the previous consolidated
fiscal year, to ¥62,079 million. This was mainly because, there were increases of ¥1,928 million in cash anddeposits ¥874 million in notes and accounts receivable – trade and contract assets under current assets, and ¥3,288
million in investment securities under non-current assets.
In addition, under liabilities, total liabilities increased ¥3,701 million from the end of the previous
consolidated fiscal year, to ¥20,479 million. This was mainly because notes and accounts payable - trade andshort-term loans increased ¥1,382 million and ¥378 million, respectively, under current liabilities, and deferred
tax liabilities increased ¥810 million under non-current liabilities.
Under net assets, total net assets increased ¥3,397 million from the end of the previous consolidated fiscal
year, to ¥41,599 million. This was mainly because, under retained earnings, while profit attributable to ownersof parent company increased ¥1,912 million, there was a decrease of ¥539 million for cash dividends paid, andvaluation difference on available-for-sale securities increased ¥2,046 million.
(3) Overview of Cash Flows in the Fiscal Year under Review
Cash and cash equivalents (hereinafter, “funds,” referring to cash and deposits minus time deposits with3

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

deposit terms of over three months) as of March 31, 2024, increased ¥1,885 million from the end of the previous
consolidated fiscal year to ¥14,304 million.
(Cash flows from operating activities)
Funds provided by operating activities during the fiscal year ended March 31, 2024, increased ¥2,124 million
year on year to ¥2,774 million. This was mainly because of ¥2,573 million in profit before income taxes andminority interests, an increase of ¥1,138 million in notes and accounts receivable - trade and contract assets, anincrease of ¥1,242 million in notes and accounts payable - trade, ¥719 million in share of income of associates,and ¥700 million in depreciation.
(Cash flows from investing activities)
Funds used in investing activities during the fiscal year ended March 31, 2024, decreased ¥635 million year
on year to ¥121 million. This was mainly because of ¥700 million in purchase of fixed assets, ¥284 million inproceeds from sale of fixed assets, ¥206 million in proceeds from sale of investment securities, and ¥64 million
in proceeds from purchase of shares of subsidiaries resulting in a change in scope of consolidation.
(Cash flows from financing activities)
Funds used in financing activities during the fiscal year ended March 31, 2024, increased ¥271 million year
on year to ¥790 million. This was mainly because of ¥538 million in cash dividends paid and ¥200 million inpurchase of treasury shares.

(4) Future Outlook
In the coming fiscal year, the Group continues to be aware of a number of risk scenarios, such as geopoliticalrisks in the U.S., China, Russia, and the Middle East, as well as downside risks to the economy due to foreignexchange rates, interest rates, and labor shortages triggered by the so-called “2024 problem.” To address theserisks, the Group takes measures appropriate to the situation, such as passing increases in manufacturing costs on
to selling prices, including logistics, materials, and labor costs, which are difficult to absorb by the Group’s selfhelp efforts, and enhancing cooperation with the supply chains. Moreover, given the ongoing strong tendency topursue climate change countermeasures and a sustainable society, the Group will also contribute to the SDGs
through the development and sales expansion of highly functional and unique products using “e-CON®,” a lowcarbon, high-functioning concrete.
In light of these initiatives, in the coming fiscal year, the Group expects a turnover of ¥37,000 million,
operating income of ¥1,700 million, ordinary income of ¥2,600 million, and profit attributable to owners of parent
company of ¥2,000 million.
(5) Basic Policy for the Distribution of Profits and the Dividend Payout for the Fiscal Year Under Review
and the Coming Fiscal YearIn terms of the Company’s dividends, the Company positions improvement in stable dividends and balanced
return of profits to shareholders as one of its most important management policies, in accordance with theshareholder return policy under its medium-term management plan “23-27 Plan R.”
In light of the dividend policy and the situation in the fiscal year under review, the Company plans to pay ¥34
per share for the coming fiscal year, an increase of ¥9 per share from the fiscal year under review.
Moreover, in order to increase opportunities to distribute profits to shareholders, the Company resolved at a
Board of Directors’ meeting held on April 26, 2024 to propose amendments to the Articles of Incorporation of
the Company for enabling distribution of interim dividends at the Company’s 141st Annual General Meeting of
Shareholders to be held on June 27, 2024.
If the proposal of the amendments to the Articles of Incorporation is approved, the Company plans to pay ¥17
per share as an interim dividend out of an annual dividend.

4

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

2. Basic Approach Concerning Selection of Accounting Standards
The Group’s policy is to prepare its consolidated financial statements based on Japanese-GAAP for the time
being, considering comparability with other companies in the same industry in Japan.
Our policy for the future is to review the application of International Accounting Standards in light of factors
including application trends by companies in Japan.

5

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

3. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousand yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade and contract
assetsElectronically recorded monetary claims
Merchandise and finished goods
Raw materials and supplies
Other
Provision for doubtful accounts
Total current assets
Non-current 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
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Provision for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

As of March 31, 2024

12,462,419

14,391,378

10,003,539

10,877,836

2,027,549
3,202,918
913,078
337,076(12,846)
28,933,736

2,503,342
3,389,764
823,044590,161(18,593)
32,556,934

13,699,198(10,037,091)
3,662,106
14,534,665(12,381,112)
2,153,553
3,608,446
3,729
733,009(700,593)
32,4159,460,251

14,089,821(10,452,467)
3,637,353
15,115,951(12,982,386)
2,133,564
3,679,942
102,587
882,411(799,020)
83,391
9,636,839

190,637
190,637

184,893
184,893

16,136,631
10,584
280,126(32,250)
16,395,091
26,045,981
54,979,717

19,424,951
9,421
298,247(32,250)
19,700,370
29,522,104
62,079,039

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(Thousand yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans
Current portion of long-term loans
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
Provision for shareholder benefit program
Other
Total current liabilities
Non-current liabilities
Long-term loans
Deferred tax liabilities
Provision for share-based remuneration for directors
Provision for directors’ retirement benefits
Provision for share-based remuneration for
employees
Net defined benefit liability
Long-term lease and guarantee deposited
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Share premium
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Difference in foreign exchange
Remeasurements of defined benefit
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

7

As of March 31, 2024

10,145,252
1,070,553―
192,212
186,645
3,122―
1,341,314
12,939,100

11,527,358
1,448,822
33,320533,074
195,338
1,995
18,793
1,897,371
15,656,075―
530,200
37,485
14,90725,0301,340,422
38,266
14,907―54,903

2,707,744
548,932―
3,839,270
16,778,371

2,775,530
535,918
38,6584,823,637
20,479,712

5,251,400
4,920,916
28,993,638(2,574,346)
36,591,608

5,251,400
4,920,916
30,366,141(2,765,100)
37,773,357

1,035,136
199,157
73,496
1,307,790
301,946
38,201,346
54,979,717

3,082,049
173,703
99,382
3,355,136
470,832
41,599,326
62,079,039

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Thousand yen)
For the fiscal year ended
March 31, 2023
TurnoverCost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of income of associates
Technical support fee
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Real estate development maintenance and management
expenses
Donations
Industrial waste cost
Disaster repair expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of fixed assets
Gain on sale of investment securities
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on disposal of fixed assets
Structure reform expenses
Total extraordinary losses
Profit before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Profit after income taxes
Loss attributable to non-controlling interests
Profit attributable to owners of parent company

8

For the fiscal year ended
March 31, 2024

31,876,570
26,509,181
5,367,389
4,131,178
1,236,210

33,732,086
27,844,115
5,887,970
4,506,261
1,381,709

496
164,155
609,409
29,73813,132
92,934
909,868

362
178,648
719,282
24,55855,403
114,920
1,093,176

15,832

24,817

4,631

4,496

5,570
4,540
―
13,48144,055
2,102,023

5,438―
21,56026,822
83,134
2,391,751

165
36,031―36,197230,311
148,967
13,125392,4035―
52,138,215
521,648(18,802)502,845
1,635,369(7,055)
1,642,425

0
210,403
210,404
2,573,751
734,986(60,671)674,314
1,899,437(13,015)
1,912,452

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Consolidated Statements of Comprehensive Income(Thousand yen)
For the fiscal year ended
March 31, 2023
Profit after income taxes
Other comprehensive income
Valuation difference on available-for-sale securities
Difference in foreign exchange
Remeasurements of defined benefit
Share of other comprehensive income of associates
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
company
Comprehensive income (loss) attributable to noncontrolling interests

9

For the fiscal year ended
March 31, 2024

1,635,369

1,899,437

144,844523
23,88963,221
232,478
1,867,848

1,939,751(34,558)(758)
142,9112,047,345
3,946,782

1,874,904

3,959,798(7,055)(13,015)NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(3) Consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31, 2023
(Thousand yen)
Shareholders’ equity
Share capital
Balance at beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

Share premium

5,251,400

Retained earnings

4,773,375

Treasury shares

27,871,603

Total shareholders’ equity(2,345,135)(20,837)5,251,400

4,773,375

27,850,765

35,551,243(20,837)(2,345,135)

35,530,406

Changes of items during period
Dividends of surplus(499,552)(499,552)

Profit attributable to owners ofparent company

1,642,425

1,642,425

Purchase of treasury shares
Disposal of treasury shares

147,540

Increase of treasury shares ofassociate company
Other changes of shareholders’equityTotal changes during current
periodBalance at end of current period

5,251,400(581,690)(581,690)

352,407499,947

72

72

147,540

1,142,873(229,211)

1,061,202

4,920,916

28,993,638(2,574,346)

36,591,608

Accumulated other comprehensive income

Balance at beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

Valuationdifference on
available-for-salesecurities

Difference inforeign exchange

Remeasurementsof defined benefit

Total accumulated
othercomprehensive
incomeNon-controllinginterests

Total net assets

881,657

186,904

6,749

1,075,312

308,960

36,935,515(20,837)

881,657

186,904

6,749

1,075,312

308,960

36,914,678

Changes of items during period
Dividends of surplus(499,552)

Profit attributable to owners ofparent company

1,642,425

Purchase of treasury shares(581,690)

Disposal of treasury shares

499,947

Increase of treasury shares ofassociate company
Other changes of shareholders’equity72
153,479

12,252

66,746

232,478(7,013)

225,465

Total changes during current
period153,479

12,252

66,746

232,478(7,013)

1,286,667

Balance at end of current period

1,035,136

199,157

73,496

1,307,790

301,946

38,201,346

10

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

For the fiscal year ended March 31, 2024
(Thousand yen)
Shareholders’ equity
Share capital
Balance at beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

Share premium

Retained earnings

Treasury shares

Total shareholders’ equity

5,251,400

4,920,916

28,993,638(2,574,346)

36,591,608

5,251,400

4,920,916

28,993,638(2,574,346)

36,591,608

Changes of items during period
Dividends of surplus(539,950)(539,950)

Profit attributable to owners ofparent company

1,912,452

1,912,452

Purchase of treasury shares(200,523)(200,523)

Disposal of treasury shares

9,771

9,771

(1)

(1)

1,372,502(190,754)

1,181,748

30,366,141(2,765,100)

37,773,357

Increase of treasury shares ofassociate company
Other changes of shareholders’equityTotal changes during current
periodBalance at end of current period

5,251,400

4,920,916

Accumulated other comprehensive income

Balance at beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

Valuationdifference on
available-for-salesecurities

Difference inforeign exchange

Remeasurementsof defined benefit

Total accumulated
othercomprehensive
incomeNon-controllinginterests

Total net assets

1,035,136

199,157

73,496

1,307,790

301,946

38,201,346

1,035,136

199,157

73,496

1,307,790

301,946

38,201,346

Changes of items during period
Dividends of surplus(539,950)

Profit attributable to owners ofparent company

1,912,452

Purchase of treasury shares(200,523)

Disposal of treasury shares

9,771

Increase of treasury shares ofassociate company(1)

Other changes of shareholders’equity2,046,913(25,453)

25,8852,047,345

168,885

2,216,231

Total changes during current
period

2,046,913(25,453)

25,8852,047,345

168,885

3,397,980

Balance at end of current period

3,082,049

173,703

99,382

3,355,136

470,832

41,599,326

11

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(4) Consolidated Statements of Cash Flows(Thousand yen)
For the fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes and minority interests
Depreciation
Increase (decrease) in provision for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for share based
remuneration for directors
Increase (decrease) in provision for share based
remuneration for employees
Increase (decrease) in provision for loss on construction
contracts
Increase (decrease) in provision for shareholder benefit
programInterest and dividend income
Interest expenses
Foreign exchange losses (gains)Share of (income) loss of associates
Loss (gain) on sales of fixed assets
Loss on disposal of fixed assets
Loss (gain) on sale of investment securities
Structure reform expenses
Insurance claim income
Gain on bargain purchase
Decrease (increase) in notes and accounts receivable trade and contract assets
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities
SubtotalInterest and dividend income received
Interest expenses paid
Proceeds from insurance income
Income taxes paid
Net cash provided by (used in) operating activities

12

For the fiscal year ended
March 31, 2024

2,138,215
607,415973
979
116,3622,573,751
700,203
2,350
8,693
47,547

11,510780―

54,903(4,382)(1,126)―

18,793(164,652)
15,832(17,238)(609,409)(165)
5(36,031)―――(179,011)
24,817(21,609)(719,282)(230,311)
0(148,967)
210,403(17,283)(13,125)(1,732,632)(1,138,122)(795,659)(54,081)

174,129(231,035)

1,516,235

1,242,475(124,357)
155,251(781)
1,023,390
477,507(15,831)―(835,087)
649,978

148,156
195,370(44,392)
2,658,110
521,065(24,840)
17,283(397,249)
2,774,369

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(Thousand yen)
For the fiscal year ended
March 31, 2023
Cash flows from investing activities
Payments into time deposits
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of fixed assets
Proceeds from sales of fixed assets
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Decrease (increase) in other investments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans
Purchase of treasury shares
Proceeds from sales of treasury shares
Cash dividends paid
Other payments
Net cash provided by (used in) financing activities
Net foreign exchange on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period

13

For the fiscal year ended
March 31, 2024

(0)(187,350)
98,007(688,143)
1,780

(380)
―
206,004(700,685)
284,613―64,19818,120(757,585)

24,619(121,630)

64,720(581,690)
499,947(499,668)(2,828)(519,519)
24,488(602,638)
13,021,464
12,418,826(48,716)(200,523)―(538,763)(2,554)(790,558)
23,063
1,885,243
12,418,826
14,304,069

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(5) Notes to the Consolidated Financial Statements(Notes on going concern assumption)
No relevant items.
(Segment information, etc.)(Segment information)
1. Description of reportable segments
The Group’s reportable segments represent units for which discrete financial information is available. Regularreviews are also carried out by the Board of Directors for the purpose of determining the allocation of management
resources and evaluating business performance.
The Group comprises segments by type of products and services, with three reportable segments, namely
Foundations, Sewerage-related, and Solar Power Generation and Real Estate.
In Foundations, concrete piles are manufactured and sold, and pile driving work is carried out. In the Seweragerelated segment, Hume pipes, segments and other products are manufactured and sold, and pipe and drain
rehabilitation projects are carried out. In Solar Power Generation and Real Estate, real estate is rented, managed anddeveloped, and equipment related to solar power and the environment is sold and maintenance is provided for it.
2. Method for calculating turnover, income (loss), assets, liabilities and other items by reportable segment
The accounting methods for reported business segments are generally the same as those stated in “Basicsignificant matters for the preparation of consolidated financial statements.” The reportable segment income is basedon operating income. Inter-segment turnover and transfers are based on current market prices.

14

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

3. Information on calculating turnover, income (loss), assets, liabilities and other items by reportable segment
For the fiscal year ended March 31, 2023 (April 1, 2022 to March 31, 2023)(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income
Segment assets
Other items
Depreciation (Note4)
Increase inproperty, plant andequipment andintangible assets(Note 4)

Amountrecorded ontheAdjustments
consolidated(Note 2)
financialstatements(Note 3)

Foundations

Seweragerelated

Solar Power
Generation
and Real
EstateTotal

19,918,805

10,464,095

1,439,784

31,822,685

53,88431,876,570―

31,876,570

6,509

―

39,20545,715―45,715(45,715)―

19,925,315
322,882
20,563,671

10,464,095
1,680,495
12,379,090

1,478,989
807,495
4,376,344

31,868,400
2,810,873
37,319,106

53,884
41,27320,93431,922,285
2,852,147
37,340,040(45,715)(1,615,936)
17,639,676

31,876,570
1,236,210
54,979,717

171,729

123,447

241,136536,313―536,313120,283

656,597

317,902397,672―

715,574―

715,574

89,656805,231

Others(Note 1)

Total

(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. Adjustments are as follows:(1) An adjustment to turnover of ¥(45,715) thousand is the elimination of inter-segment transactions.
(2) An adjustment to segment income of ¥(1,615,936) thousand is corporate expenses not allocated toreportable segments. Corporate expenses are general and administrative expenses not attributable toreportable segments.
(3) An adjustment to segment assets of ¥17,639,676 thousand is corporate assets not allocated to reportablesegments, comprising investment securities of ¥16,136,631 thousand and assets associated withadministration divisions, etc. of ¥1,503,045 thousand.
(4) The adjustment to the increase in property, plant and equipment and intangible assets of ¥89,656 thousandaccounts for capital expenditure for the head office building, etc.
3. Total segment income corresponds to operating income on the Consolidated Statements of Income.
4. Depreciation and increase in property, plant and equipment and intangible assets include long-term prepaid
expenses and the related amortization.

15

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

For the fiscal year ended March 31, 2024 (April 1, 2023 to March 31, 2024)(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income
Segment assets
Other items
Depreciation (Note4)
Increase inproperty, plant andequipment andintangible assets(Note 4)

Amountrecorded ontheAdjustments
consolidated(Note 2)
financialstatements(Note 3)

Foundations

Seweragerelated

Solar Power
Generation
and Real
EstateTotal

21,924,043

10,269,225

1,471,145

33,664,413

67,67233,732,086―

33,732,086

33,206―39,081

72,288―72,288(72,288)―

21,957,249
1,161,132
24,293,103

10,269,225
1,272,136
12,714,461

1,510,227
815,462
4,134,011

33,736,702
3,248,731
41,141,577

67,67253,61225,65233,804,374
3,302,344
41,167,229(72,288)(1,920,635)
20,911,809

33,732,086
1,381,709
62,079,039

195,083

171,426

237,640

604,150―

604,150

125,441

729,592

347,985

195,815

7,473

551,275―

551,275

79,493

630,768

Others(Note 1)

Total

(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. Adjustments are as follows:(1) An adjustment to turnover of ¥(72,288) thousand is the elimination of inter-segment transactions.
(2) An adjustment to segment income of ¥(1,920,635) thousand is corporate expenses not allocated toreportable segments. Corporate expenses are general and administrative expenses not attributable toreportable segments.
(3) An adjustment to segment assets of ¥20,911,809 thousand is corporate assets not allocated to reportablesegments, comprising investment securities of ¥19,424,951 thousand and assets associated withadministration divisions, etc. of ¥1,486,858 thousand.
(4) The adjustment to the increase in property, plant and equipment and intangible assets of ¥79,493 thousandaccounts for capital expenditure for the head office building, etc.
3. Total segment income corresponds to operating income on the Consolidated Statements of Income.
4. Depreciation and increase in property, plant and equipment and intangible assets include long-term prepaid
expenses and the related amortization.

16

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(Per share information)
For the fiscal year ended
March 31, 2023

For the fiscal year ended
March 31, 2024

Net assets per share¥1,575.56¥1,725.59

Earnings per share¥68.12¥79.91(Notes) 1. Diluted earnings per share is not presented due to the absence of residual shares.
2. The Company has introduced a Board Benefit Trust (BBT) and Employee Stock Ownership Plan (JESOP). In the calculation of net assets per share and earnings per share, the Company’s shares held by
the trust are included in the treasury shares to be deducted in the calculation of the total number of issued
shares at the end of the period and the average number of shares during the period.
Number of treasury shares at the end of the period deducted in the calculation of net assets per share
Consolidated fiscal year ended March 31, 2023: 859,500 shares; Consolidated fiscal year ended March
31, 2024: 847,100 shares
Average number of treasury shares during the period deducted in the calculation of earnings per share
Consolidated fiscal year ended March 31, 2023: 184,558 shares; Consolidated fiscal year ended March
31, 2024: 850,200 shares

3. Basis for calculating earnings per share is as follows.
For the fiscal year ended
Items
March 31, 2023
Profit attributable to owners of parent company
1,642,425(Thousand yen)Amount not attributable to common shareholders―(Thousand yen)
Profit attributable to owners of parent company
1,642,425
relating to common stocks (Thousand yen)
Average number of common stocks during the24,110,733
period (Shares)

For the fiscal year ended
March 31, 2024
1,912,452―
1,912,452
23,932,636

4. Basis for calculating net assets per share is as follows.
Items

As of March 31, 2023

As of March 31, 2024

38,201,346

41,599,326

301,946

470,832[301,946][470,832]

37,899,399

41,128,494

24,054,502

23,834,389

Total net assets (Thousand yen)Amount to be subtracted from the total net assets(Thousand yen)[Non-controlling interest of the above (Thousandyen)]
Net assets at year-end relating to common stocks(Thousand yen)
Number of common stocks at year-end used for
calculating earnings per share (Shares)(Significant subsequent events)
No relevant items.

17