Consolidated Quarterly Financial Results
for the Six Months Ended September 30, 2023
[Japanese GAAP]
November 9, 2023
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 filing quarterly securities report: November 9, 2023
Scheduled date of commencing dividend payments: ―Preparation of supplementary briefing material on quarterly financial results: Yes
Holding of quarterly 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 Six Months Ended September 30, 2023
(April 1, 2023 to September 30, 2023)(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%

Million yen

Six months ended
14,340(3.5)
287 (37.7)
1,114 (20.9)
1,150
September 30, 2023
Six months ended
14,861
5.2
460 (28.5)
1,408
0.8
1,187
September 30, 2022
(Note) Comprehensive income: Six months ended September 30, 2023: ¥1,928 million [98.1%]
Six months ended September 30, 2022: ¥973 million [-4.3%]

Six months ended
September 30, 2023
Six months ended
September 30, 2022

Earnings per share

Diluted earnings per
share

Yen

Yen

47.90

―

49.18

―

(2) Consolidated Financial Position
Total assets
Million yen

Net assets
Million yen

As of September 30,
55,08539,4912023
As of March 31,
54,97938,201
2023(Reference) Equity: As of September 30, 2023: ¥39,191 million
As of March 31, 2023: ¥37,899 million

Equity ratio

%

(3.2)
4.5

Net assets per share
%

Yen

71.1

1,636.15

68.9

1,575.56

2. Dividends
Annual dividends
3rdYear-endquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

―
―

―
―

―

21.00

21.00

―

25.00

25.00

Fiscal year ended March 31, 2023
Fiscal year ending March 31, 2024
Fiscal year ending March 31, 2024
(Forecast)

Total(Note) Revision to the dividend forecast announced most recently: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024
(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable
Earnings
TurnoverOperating income Ordinary income
to owners ofper share
parent company
Million yen%

Million yen%

Million yen%

32,300
1.3
1,300
5.2
2,150
2.3
Full year(Note) Revision to the financial results forecast announced most recently: No

Million yen

%

Yen

1,650

0.5

68.59

* 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) 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 September 30, 2023: 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 September 30, 2023: 5,394,053 shares
As of March 31, 2023: 5,292,998 shares
3) Average number of shares during the period
Six months ended September 30, 2023: 24,011,423 shares
Six months ended September 30, 2022: 24,156,246 shares* These quarterly financial results are not subject to quarterly review procedures 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. Qualitative Information on Quarterly
Financial Results for the Period under Review (3) Explanation of Consolidated Financial Results Forecast and Other
Forward-looking Information” on page 4 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

Table of Contents
1. Qualitative Information on Quarterly Financial Results for the Period under Review .................................. 2(1) Explanation of Operating Results .............................................................................................................. 2(2) Explanation of Financial Position .............................................................................................................. 3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information .......... 4
2. Consolidated Quarterly Financial Statements and Important Notes ........................... ....................................5(1) Consolidated Quarterly Balance Sheets ..................................................................................................... 5(2) Consolidated Quarterly Statements of Income and Comprehensive Income ............................................. 7(3) Consolidated Quarterly Statements of Cash Flows ...................................................................................... 9(4) Notes to the Consolidated Quarterly Financial Statements ...................................................................... 10(Notes on going concern assumption) ...................................................................................................... 10(Notes in the case of significant changes in shareholders’ equity) ........................................................... 10(Segment information, etc.) ...................................................................................................................... 101

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
During the six months ended September 30, 2023, the Japanese economy saw a gradual improvement associal and economic activities returned to normal; nonetheless, the outlook remained uncertain amid rising raw
materials and energy prices and a surge in commodity prices.
Under these conditions, the Company has positioned the period under its medium-term management plan“23-27 Plan R,” which began this fiscal year, as an important starting period for business restructuring, and has
strengthened various initiatives. In terms of business performance, although we see that shipments andconstruction for major orders awarded are concentrated through the latter half of this fiscal year, operating
income was accrued primarily in the foundations business.
Going forward, risks such as unstable economic conditions, rising prices, and critical labor shortages,
especially among construction workers, are expected to persist, and momentum for promoting labor saving and
DX is projected to grow even further. In 2021, we began the practical application of 3D printers to streamline
the production process. In addition to manufacturing and shipping actual products at the Kumagaya Plant, wehave also introduced a new system to manage quality control and promote IT for indirect operations[Production Strategy]. In the construction management area, we have developed “ViMCam®,” an electronicbulletin board application for taking construction photos. We will strive to achieve both safety and efficiency atconstruction sites by linking the ViMCam with “Pile-ViMSys®,” an ICT-based comprehensive construction
management system for pile work [Construction Strategy].
In addition, in order to strengthen our sales force for design proposals, we have begun to improve the design
software for the PC-well method (caisson foundation), a unique precast product of the Company. By speedingup the design process, we aim to increase the number of proposals and expand opportunities to receive orders.
With the increasing adoption of BIM/CIM in the construction industry, we have also started to provide
graphical elements (family data) used in BIM/CIM. We will make our product graphics data available forsurvey and design work, leading to opportunities to win orders [Technology Strategy].
Regarding ESG management, as part of measures to reduce CO2 emissions, the Group has started to replaceboiler equipment at its main plant, the Kumagaya Plant, to curb greenhouse gas emissions. The replacement isscheduled to be completed in January 2024, which will contribute to a 30% reduction in CO2 emissions at the
Kumagaya Plant. In addition, we became an official supporter of basin flood control by the Ministry of Land,
Infrastructure, Transport, and Tourism. Through our business activities, we will contribute to training young
engineers and promoting awareness of basin flood control, in an effort to protect people’s lives and livelihoods
from devastating and increasingly frequent flood disasters [ESG Strategy].
In addition, to express our gratitude to our shareholders for their continued support and to further enhance
the appeal of investing in our shares, we have launched a new shareholder benefit program, the “Nippon HumePremium Benefit Club” [Financial Strategy].
With the 100th anniversary of its founding in 2025 as a milestone, the Group is pursuing fundamental
business restructuring to become a 200-year company. Under our medium-term management plan “23-27 Plan
R,” we will work as one to enhance corporate value to meet the expectations of our stakeholders throughbusiness restructuring and investments in technological development and capital expenditures for the carbon
neutral era.

An overview of the business segments is provided below.
1) Foundations businessAlthough nationwide demand for the concrete piles division, a mainstay of the business, fell below
the levels seen in the same period of the previous fiscal year, turnover remained almost flat due to ouraggressive sales activities, which resulted in increased orders mainly in the Kanto and Tohoku regions,and due to the progress made in improving selling prices to counter the soaring raw material prices.
Turnover amounted to ¥9,405 million (down 0.1% year on year) and operating income was ¥326
million (up 65.2%).
2

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

2) Sewerage-related business
Due to lower market demand than in the same period of the previous fiscal year, turnover was¥4,137 million (down 11.8% year on year) and operating income was ¥441 million (down 30.5%).
3) Solar Power Generation and Real Estate business
Turnover amounted to ¥771 million (up 5.3% year on year) and operating income was ¥426 million(up 0.1%). In the solar power generation area, both electric power generation and power selling wereaffected by output control, but continued favorable weather in the summer secured income fromelectricity sales. Real estate rental income maintained the same level as in the previous fiscal year.
4) Others
In Others, turnover totaled ¥26 million (up 28.1% year on year) and operating income was ¥19
million (up 31.7%).
As a result, in the six months ended September 30, 2023, turnover amounted to ¥14,340 million(down 3.5% year on year), operating income was ¥287 million (down 37.7%), ordinary income was¥1,114 million (down 20.9%), and profit attributable to owners of parent company was ¥1,150 million(down 3.2%).
Although the previous fiscal year saw a year-on-year decrease as shipments and construction wereconcentrated in the first half of the year, in this fiscal year, we expect to achieve the full-year plan
given that shipments and construction will be concentrated in the second half of the year. At thismoment, we expect to exceed the plan due to the extraordinary income recorded in the six months
ended September 30, 2023.
We are currently reviewing the consolidated results forecast for the fiscal year ending March 31,
2024, taking into account other factors. If a revision to the forecast becomes necessary, we willpromptly disclose the revised forecast.

(2) Explanation of Financial Position
1) Assets, Liabilities and Net Assets
Total assets as of September 30, 2023, increased ¥106 million from the end of the previous consolidated
fiscal year to ¥55,085 million. This was mainly because investment securities increased ¥1,537 million under
non-current assets and cash and deposits increased ¥224 million under current assets, while notes and accounts
receivable - trade and contract assets decreased ¥1,656 million under current assets.
In addition, under liabilities, total liabilities decreased ¥1,183 million from the end of the previous
consolidated fiscal year to ¥15,594 million. This was mainly because deferred tax liabilities included in other
under non-current liabilities increased ¥312 million, while notes and accounts payable - trade decreased ¥1,558
million under current liabilities.
Under net assets, total net assets increased ¥1,290 million from the end of the previous consolidated fiscal
year to ¥39,491 million. This was mainly because, under retained earnings, while profit attributable to ownersof parent company increased ¥ 1,150 million, there was a decrease of ¥539 million for cash dividends paid, andvaluation difference on available-for-sale securities increased ¥805 million.

3

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

2) Cash Flows
Cash and cash equivalents (hereinafter, “funds,” referring to cash and deposits minus time deposits withdeposit terms of over three months) as of September 30, 2023, had increased ¥224 million from the end of theprevious consolidated fiscal year, to ¥12,642 million.
(Cash flows from operating activities)
Funds provided by operating activities during the six months ended September 30, 2023, decreased ¥638
million year on year to ¥994 million. This was mainly because of a decrease of ¥1,357 million in notes andaccounts payable - trade, a decrease of ¥609 million in share of income of associates, and an increase of ¥354
million in inventories, while there was an increase of ¥1,418 million in profit before income taxes and minority
interests and a decrease of ¥1,807 million in notes and accounts receivable - trade.
(Cash flows from investing activities)
Funds used in investing activities during the six months ended September 30, 2023, decreased ¥341 million
year on year to ¥125 million. This was mainly because of an increase of ¥230 million in proceeds from sales of
fixed assets and ¥136 million in proceeds from sales of investment securities, while there was a decrease of¥500 million in purchase of fixed assets.
(Cash flows from financing activities)
Funds used in financing activities during the six months ended September 30, 2023, increased ¥119 million
year on year to ¥666 million. This was mainly because of ¥535 million in cash dividends paid and ¥94 million
in purchase of treasury shares.

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
Regarding the results forecasts pertaining to the fiscal year ending March 31, 2024, there has been nochange to the full-year results forecast published in the “Consolidated Financial Results for the Fiscal Year
Ended March 31, 2023 [Japanese GAAP]” dated May 11, 2023.

4

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

2. Consolidated Quarterly Financial Statements and Important Notes(1) Consolidated Quarterly 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, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Provision 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
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
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

5

As of September 30, 2023

12,462,419

12,686,436

10,003,539

8,347,318

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

1,902,980
3,695,282
807,546
194,080(10,834)
27,622,811

3,662,106
3,608,446
2,189,698
9,460,251
190,637

3,557,459
3,601,075
2,182,720
9,341,255
188,333

16,136,631
290,710(32,250)
16,395,091
26,045,981
54,979,717

17,674,413
291,350(32,250)
17,933,513
27,463,102
55,085,913

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

8,587,203
1,116,481
333,572
194,697
2,261
1,154,931
11,389,147

37,485
14,90729,451
14,907―27,451

2,707,744
1,079,133
3,839,270
16,778,371

2,754,488
1,378,994
4,205,293
15,594,440

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

(Thousand yen)
As of March 31, 2023
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

6

As of September 30, 2023

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

5,251,400
4,920,916
29,603,798(2,659,033)
37,117,080

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

1,840,934
152,275
81,1582,074,367
300,024
39,491,473
55,085,913

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

(2) Consolidated Quarterly Statements of Income and Comprehensive Income
Consolidated Quarterly Statements of Income
Six Months Ended September 30(Thousand yen)
For the six months ended
September 30, 2022
TurnoverCost of sales
Gross profit
Selling, general and administrative expenses
Operating 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
Disaster repair expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of fixed assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of fixed assets
Total extraordinary losses
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

7

For the six months ended
September 30, 2023

14,861,012
12,432,341
2,428,670
1,967,801
460,868

14,340,775
11,932,467
2,408,308
2,121,283
287,024

254
89,932
720,667
91,87064,927
967,653

208
93,547
609,476
92,51877,270873,021

6,838―
12,73019,568
1,408,953

12,55921,560
11,63145,7501,114,295

165
―
165

205,755
98,430304,1865
5
1,409,113
225,784(13,591)
212,192
1,196,920
8,934
1,187,986

001,418,481
285,688(29,030)
256,658
1,161,823
11,714
1,150,109

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

Consolidated Quarterly Statements of Comprehensive Income
Six Months Ended September 30(Thousand yen)
For the six months ended
September 30, 2022
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

8

For the six months ended
September 30, 2023

1,196,920

1,161,823(221,323)(37,998)
24,435
11,175(223,711)
973,209759,581(53,931)7,534
53,392
766,576
1,928,399

964,275

1,916,685

8,934

11,714

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

(3) Consolidated Quarterly Statements of Cash Flows(Thousand yen)
For the six months ended
September 30, 2022
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
Interest 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
Insurance claim income
Decrease (increase) in notes and accounts receivable trade
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
Decrease (increase) in other non-current assets
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
Cash flows from investing activities
Payments into time deposits
Proceeds from sale of investment securities
Purchase of fixed assets
Proceeds from sales of fixed assets
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
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

9

For the six months ended
September 30, 2023

1,409,113
292,001
729
3,100
41,2101,418,481
344,115(2,011)
8,052
44,860

3,837(8,033)―27,451(6,946)(861)(90,186)
6,838(34,700)(720,667)
(165)
5
―
―

(93,756)
12,559(19,397)(609,476)(205,755)
0(98,430)(16,586)

1,337,487

1,807,618(862,391)
54,006(354,606)
145,195

791,937(1,357,666)(175,777)(245,660)
20,059(22,784)
1,801,047
266,241(6,824)―(427,126)
1,633,337

3,008(150,983)―(36,594)
857,182
281,911(12,547)
16,586(148,570)
994,562――(467,301)
1,780(2,005)(467,526)(16)
136,203(500,631)
230,2288,434(125,781)(11,675)(34,356)(499,497)(1,414)(546,943)
45,043663,910
13,021,464
13,685,374(34,620)(94,458)(535,803)(1,414)(666,296)
21,517224,000
12,418,826
12,642,827

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

(4) Notes to the Consolidated Quarterly Financial Statements(Notes on going concern assumption)
No relevant items.
(Notes in the case of significant changes in shareholders’ equity)
No relevant items.

(Segment information, etc.)
I. For the six months ended September 30, 2022 (April 1, 2022 to September 30, 2022)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover to externalcustomers
Inter-segment
turnover or transfers
Total
Segment income

Amountrecorded ontheAdjustments Consolidated(Note 2)
QuarterlyStatements ofIncome(Note 3)

Foundations

Seweragerelated

Solar Power
Generation
and Real
Estate9,416,795

4,690,935

732,432

14,840,162

20,85014,861,012―

14,861,012

3,454

―

19,32922,783―22,783(22,783)―

9,420,249
197,517

4,690,935
634,945

751,761
426,388

14,862,946
1,258,851

20,85014,912

14,883,796
1,273,763(22,783)(812,895)

14,861,012
460,868

Total

Others(Note 1)

Total

(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥ (812,895) 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.

10

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Six Months Ended September 30, 2023

II. For the six months ended September 30, 2023 (April 1, 2023 to September 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

Amountrecorded ontheAdjustments Consolidated(Note 2)
QuarterlyStatements ofIncome(Note 3)

Foundations

Seweragerelated

Solar Power
Generation
and Real
Estate9,405,306

4,137,385

771,377

14,314,069

26,706

14,340,775―

14,340,775

31,445―

19,34050,786―50,786(50,786)―

9,436,751
326,345

4,137,385
441,131790,717426,750

14,364,855
1,194,227

26,706
19,644

14,391,561
1,213,871(50,786)(926,847)

14,340,775
287,024

Total

Others(Note 1)

Total

(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥ (926,847) 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.

11