Consolidated Quarterly Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 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 commencing dividend payments: ―Preparation of supplementary briefing material on financial results: No
Holding of financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toTurnover
Operating income
Ordinary income
owners of parentcompany
Million yen%

Million yen%

Million yen%Three months ended
9,012
23.0
894 ―
1,659 188.0
June 30, 2024
Three months ended
7,325
(4.6)
71 (69.3)
576(26.6)
June 30, 2023
(Note) Comprehensive income: Three months ended June 30, 2024: ¥1,494 million [24.7%]
Three months ended June 30, 2023: ¥1,198 million [141.9%]

Three months ended
June 30, 2024
Three months ended
June 30, 2023

Earnings per share

Diluted earnings pershare

Yen

Yen

56.15

―

26.48

―

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Million yen

%

1,338

110.2

636

(3.8)

Net assets per share

Million yen

Million yen%

Yen

As of June 30, 2024

61,18442,45168.6

1,761.44

As of March 31, 2024

62,07941,59966.3

1,725.59(Reference) Equity: As of June 30, 2024: ¥41,980 million
As of March 31, 2024: ¥41,128 million

2. Dividends
1stquarter-end
Fiscal year ended March 31, 2024
Fiscal year ending March 31, 2025

Annual dividends
2nd
3rd
Year-endquarter-end
quarter-end

Total

Yen

Yen

Yen

Yen

Yen

―――

―

25.00

25.00

17.00

―

17.00

34.00

Fiscal year ending March 31, 2025
(Forecast)(Note) Revision to the dividend forecast announced most recently: No
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 attributableEarnings
TurnoverOperating income Ordinary income
to owners ofpershareparent company%

Million yen%

Yen

37,000
9.7
1,700
23.0
2,600
8.7
Full year(Note) Revision to the financial results forecast announced most recently: NoMillion yen% Million yen%

Million yen

2,000

4.683.91* Notes(1) Significant changes in the scope of consolidation during the period under review: No
Newly included: ― (Company name)
Excluded: ― (Company name)(2) Application of accounting procedures specific to preparation of consolidated quarterly financial statements: No(3) 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(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024: 29,347,500 shares
As of March 31, 2024: 29,347,500 shares2) Total number of treasury shares at the end of the period
As of June 30, 2024: 5,514,387 shares
As of March 31, 2024: 5,513,111 shares
3) Average number of shares during the period
Three months ended June 30, 2024: 23,833,147 shares
Three months ended June 30, 2023: 24,035,417 shares

* Review of the attached consolidated quarterly financial statements by certified public accountants or auditing
corporations: No* Explanation of the proper use of financial results forecast and other note
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 be achieved. Actual results may differ
considerably as a result of numerous factors. For the assumptions used in the financial results forecast and precautionary
notes on its use, please refer to “1. Overview of Operating Results (3) Explanation of Consolidated Financial ResultsForecast and Other Forward-looking Information” on page 3 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

Table of Contents
1. Overview of Operating Results ................................................................................................................ 2(1) Overview of Operating Results for the Period under Review .............................................................. 2(2) Overview of Financial Position for the Period under Review.............................................................. 3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information ... 3
2. Consolidated Quarterly Financial Statements and Important Notes......................................................... 4(1) Consolidated Quarterly Balance Sheets ............................................................................................... 4(2) Consolidated Quarterly Statements of Income and Comprehensive Income ....................................... 6(3) Notes to the Consolidated Quarterly Financial Statements .................................................................. 8(Notes on segment information, etc.) ................................................................................................... 8(Notes in the case of significant changes in shareholders’ equity) ...................................................... 9(Notes on going concern assumption) .................................................................................................. 9(Notes on statements of cash flows)..................................................................................................... 91

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

1. Overview of Operating Results(1) Overview of Operating Results for the Period under Review
During the three months ended June 30, 2024, the Japanese economy continued to face an uncertain outlook
due to the effects of global monetary tightening, unstable international conditions, volatile exchange rates, rising
prices, and other factors. At the same time, the economy saw a gradual recovery trend amid a rebound in people’smovement following the normalization of social activities, an increase in inbound demand, and an improvement
in employment and income conditions.
In the environment affecting the Group, although nationwide demand for the concrete piles and Hume pipes,
which are its mainstay products, fell below the levels seen in the same period of the previous fiscal year, theCompany moved forward to strengthen its organizational sales structure, and both foundations business andsewerage-related business remained solid. We expect that the government’s initiative for building nationalresilience will accelerate and the demand for the prevention projects for natural disaster and the preventive
maintenance of road infrastructure will rise in the future.
Under these conditions, in the three months ended June 30, 2024, the Group posted turnover of ¥9,012 million(up 23.0% year on year) and operating income of ¥894 million (up 1,158.9%) as a result of its efforts to secure
profits by reviewing selling prices and reducing costs, while personnel expenses and other costs were on the rise
as we pursued human capital management, and ordinary income was ¥1,659 million (up 188.0%) and profit
attributable to owners of parent company was ¥1,338 million (up 110.2%), all of which increased significantly
compared to the same period of the previous fiscal year.
An overview of the business segments is provided below.
1) Foundations business
Turnover and operating income increased to ¥6,308 million (up 28.1% year on year) and ¥829 million (up892.8%), respectively, mainly as a result of steady progress in ongoing construction projects from the previous
fiscal year.
2)

Sewerage-related business
Turnover and operating income increased to ¥2,331 million (up 17.0% year on year) and ¥393 million (up61.4%), respectively, mainly due to shipments of steel composite pipes a high value-added product, and theexpansion of sales of precast products for roads, on which we are focusing.
3)

Solar Power Generation and Real Estate business
Turnover amounted to ¥357 million (down 9.1% year on year) and operating income was ¥209 million (up0.2%).
4)

OthersTurnover totaled ¥14 million (up 7.8% year on year) and operating income was ¥10 million (up 0.3%).

The Group is pursuing its medium-term management plan “23-27 Plan R,” with the fiscal year ended March31, 2024, as the first year of the plan. The current fiscal year marks the second year of the five-year mediumterm management plan, and building on our achievement of the plan in the first year, the Group will continue tomake concerted efforts to vigorously conduct sales activities to win orders with the aim to increase earnings.
The main initiatives and achievements of our medium-term management plan “23-27 Plan R” for the threemonths ended June 30, 2024, are as follows.
1) Product launch of e-CON®, a low-carbon, high-functioning concrete
The blue infrastructure (block) using e-CON®, a low-carbon, high-functioning concrete that we aredeveloping toward commercialization, has been shipped on site for port and harbor construction work by theMinistry of Land, Infrastructure, Transport and Tourism. e-CON® is a long-life concrete product that reduces
CO2 emissions and is highly resistant to salt damage and acid. This fall, we expect to be granted a technical2

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

inspection certificate for e-CON®, and the Group will all work together to commercialize and expand sales ofthe product, contributing to the realization of a decarbonized society.
2) New technological development
We work on the development of a new inner excavation method for concrete piles, a method in which wehave expertise (and which also contributes to reducing waste soil from construction sites and CO2 emissions)
to aim for the industry’s highest bearing capacity. With the necessary pilot construction completed, theevaluation and inspection process has begun. We also moved forward with developments that contribute toefficiency and labor savings, including the introduction of new pile design software and a new product using
a 3D printer. We will continue to develop new products and construction methods to meet customer needs.
3) Promotion of capital policy
In order to implement a flexible capital policy in response to changes in the business environment and toreturn profits to shareholders, the Board of Directors resolved on May 24, 2024, to set the limit for therepurchase of treasury shares at a total amount of ¥800 million. With our dividend policy efforts that set out
to maintain and increase stable dividend payments, we will continue to meet the expectations of ourstakeholders.
The Company will celebrate the 100th anniversary of its founding in 2025.
We will further work on business restructuring to become a 200-year company under its five-year mediumterm management plan “23-27 Plan R” with 2025 as a milestone, and strive to work as one to enhance corporate
value to meet the expectations of our shareholders and stakeholders.

(2) Overview of Financial Position for the Period under Review
Total assets as of June 30, 2024, decreased ¥894 million from the end of the previous consolidated fiscal year,to ¥61,184 million. This was mainly because investment securities increased ¥808 million under non-current
assets, while notes and accounts receivable - trade, and contract assets decreased ¥1,614 million under current
assets.
In addition, under liabilities, total liabilities decreased ¥1,746 million from the end of the previous
consolidated fiscal year, to ¥18,733 million. This was mainly because notes and accounts payable - tradedecreased ¥1,647 million under current liabilities.
Under net assets, total net assets increased ¥852 million from the end of the previous consolidated fiscal year,to ¥42,451 million. This was mainly because, under retained earnings, while profit attributable to owners ofparent company increased ¥1,338 million, there was a decrease of ¥641 million for cash dividends paid, andvaluation difference on available-for-sale securities increased ¥180 million.

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
Regarding the results forecasts pertaining to the fiscal year ending March 31, 2025, at this time there has been
no change to the full-year results forecast published in the “Consolidated Financial Results for the Fiscal Year
Ended March 31, 2024 [Japanese GAAP]” dated May 9, 2024; provided that if we deem it necessary to revise
the full-year results forecast due to changes in future results or other factors, we will promptly disclose the revisedforecast.

3NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

2. Consolidated Quarterly Financial Statements and Important Notes(1) Consolidated Quarterly Balance Sheets(Thousand yen)
As of March 31, 2024
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, netLand
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
OtherProvision for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
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
Provision for share-based remuneration for directors
Provision for directors’ retirement benefits
Provision for share-based remuneration for
employees
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities

4

As of June 30, 2024

14,391,378

14,343,569

10,877,836

9,263,100

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

2,252,448
3,904,339
758,597
261,839(14,736)
30,769,158

3,637,353
3,679,942
2,319,543
9,636,839
184,8933,626,895
3,681,168
2,422,045
9,730,110
184,068

19,424,951
307,669(32,250)
19,700,370
29,522,104
62,079,039

20,233,460
300,107(32,250)
20,501,318
30,415,497
61,184,656

11,527,358
1,448,822
33,320533,074
195,338
1,995
18,793
1,897,371
15,656,075

9,880,301
898,750
33,320285,241
―
2,216
6,881
2,629,098
13,735,809

25,03038,266
14,907

16,70042,673
14,90754,90364,454

2,775,530
1,914,998
4,823,637
20,479,712

2,807,071
2,051,465
4,997,272
18,733,081

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

(Thousand yen)
As of March 31, 2024
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

5

As of June 30, 2024

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

5,251,400
4,920,916
31,062,781(2,765,499)
38,469,597

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

3,262,260
146,717
102,108
3,511,086
470,890
42,451,574
61,184,656

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

(2) Consolidated Quarterly Statements of Income and Comprehensive Income
Consolidated Quarterly Statements of Income
Three Months Ended June 30(Thousand yen)
For the three months ended
June 30, 2023
TurnoverCost of sales
Gross profit
Selling, general and administrative expensesOperating income
Non-operating income
Interest income
Dividend income
Share of income of associates
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of fixed assets
Total extraordinary income
Profit before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Profit after income taxes
Profit attributable to non-controlling interests
Profit attributable to owners of parent company

6For the three months ended
June 30, 20247,325,697
6,189,306
1,136,390
1,065,345
71,045

9,012,071
6,906,250
2,105,821
1,211,413
894,40863
92,466
352,589
43,104
27,839516,062

137
119,523
617,352
19,30023,266
779,580

5,641
5,289
10,930576,177

5,631
8,937
14,568
1,659,419

198,561
198,561
774,739
89,09545,835
134,930
639,808
3,312
636,495――
1,659,419
261,147
60,088321,236
1,338,183
58
1,338,124

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

Consolidated Quarterly Statements of Comprehensive Income
Three Months Ended June 30(Thousand yen)
For the three months ended
June 30, 2023

For the three months ended
June 30, 2024

639,808

1,338,183

558,621(29,497)
2,802
26,512
558,439
1,198,247

181,747(27,866)
3,220(1,152)
155,9491,494,132

1,194,935

1,494,074

3,312

58

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 attributable to non-controllinginterests

7

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

(3) Notes to the Consolidated Quarterly Financial Statements(Notes on segment information, etc.)
I. For the three months ended June 30, 2023 (April 1, 2023 to June 30, 2023)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income

Foundations

Seweragerelated

Solar Power
Generationand Real
Estate4,925,564

1,992,723

30,411
4,955,975
83,554

Amountrecorded on
theAdjustments Consolidated(Note 2)
QuarterlyStatements ofIncome(Note 3)

TotalOthers(Note 1)

Total

393,645

7,311,933

13,764

7,325,697―

7,325,697

―

9,644

40,055―40,055(40,055)―

1,992,723
243,666

403,289
208,604

7,351,988
535,825

13,764
10,502

7,365,752
546,328(40,055)(475,283)

7,325,697
71,045(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥ (475,283) thousand is corporate expenses not allocated to reportablesegments. Corporate expenses are general and administrative expenses not attributable to reportable segments.
3. Total segment income with adjustments corresponds to operating income on the Consolidated Quarterly
Statements of Income.

2. Information on impairment loss or goodwill for non-current assets by reportable segment
No relevant items.

8NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Three Months Ended June 30, 2024

II. For the three months ended June 30, 2024 (April 1, 2024 to June 30, 2024)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

Foundations

Seweragerelated

Solar Power
Generationand Real
Estate6,308,517

2,331,074

1,239
6,309,756
829,544

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
TotalSegment incomeAmountrecorded ontheAdjustments Consolidated(Note 2)
QuarterlyStatements ofIncome(Note 3)

TotalOthers(Note 1)

Total

357,635

8,997,228

14,8439,012,071―

9,012,071

―

9,555

10,795―

10,795(10,795)―

2,331,074
393,214367,191
209,105

9,008,023
1,431,865

14,843
10,531

9,022,867
1,442,396(10,795)(547,988)

9,012,071
894,408(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥ (547,988) thousand is corporate expenses not allocated to reportablesegments. Corporate expenses are general and administrative expenses not attributable to reportable segments.
3. Total segment income with adjustments corresponds to operating income on the Consolidated Quarterly
Statements of Income.

2. Information on impairment loss or goodwill for non-current assets by reportable segment
No relevant items.
(Notes in the case of significant changes in shareholders’ equity)
No relevant items.

(Notes on going concern assumption)
No relevant items.

(Notes on statements of cash flows)
Consolidated quarterly statements of cash flows are not prepared for the three months ended June 30, 2024.
Depreciation, including amortization related to intangible assets, for the three months ended June 30, 2024, are asfollows.
(Thousand yen)

Depreciation

For the three months ended June 30, 2023

For the three months ended June 30, 2024

170,594

178,669

9