Consolidated Financial Results for the Nine Months of Fiscal Year Ending March 31, 2021
<under Japanese GAAP>
February

5, 2021

Company name : NIKKO COMPANY
ID number: 5343 Stock listing : Nagoya Stock Exchange Second Section
URL: http://www.nikko-company.co.jp/
Representative : Akiko Mitani, Chief Executive Officer
Contact: Kazuya Nunokawa, Chief Financial Officer (Phone: +81-76-276-2121)
Scheduled date to submit Securities Report: February 5, 2021
Scheduled date to begin dividend payments: Preparation of supplementary materials for financial results : NoneHolding of financial results meeting: None
(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2020 (April 1, 2020 - December 31, 2020)(1) Consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Operating income

Profit (loss) attributableto owners of parent

Ordinary income％ Millions of yen％％％
Millions of yen
Millions of yen
Millions of yen
Nine months ended
8,114(16.2)
(603)
(502)
(519)
December 31, 2020
12Nine months ended
9,687
(4.3)
61
393.3
63
December 31, 2019
Note: Comprehensive income (Millions of yen) :December 31, 2020 : (504) (-%)
December 31, 2019 : 75 (469.7%)
Net income
per share
Yen

Diluted net income
per share
Yen

Nine months ended
December 31, 2020

(22.28)-Nine months ended
December 31, 2019

2.71

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen
Millions of yen
As of December 31,
9,167
909
2020
Year ended Mar.
9,254
1,413
31, 2020
Reference: Shareholders' equity (Millions of yen) : December 31, 2020: 909

Net assets per share%

Yen

9.9

39.01

15.3

60.66

Mar. 31, 2020: 1,413

2. Dividends(Record date)

Dividend per share
1Q-end2Q-endYen

Year ended Mar.
31, 2020
Year ending Mar.
31, 2021
Year ending Mar.
31, 2021(forecast)

3Q-endYen

Year-end
Yen

-

0.00

--

0.00

-

1

Annual
Yen

Yen

0.00

0.00

0.00

0.00

NIKKO COMPANY

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2021 (April 1, 2020 - March 31, 2021)
The NIKKO Group will no longer disclose its projected consolidated results for periods starting from that ending in March 2019. Detailsof the decision are described in “3. Projected Consolidated Results for FY2020” in the “Consolidated Financial Results for the Fiscal
Year Ended March 31, 2020” disclosed on May 12, 2020.
※Notes(1) Changes in major subsidiaries during the period : None
(2) Application of special accounting methods for quarterly consolidated financial statements : None
(3) Changes in accounting policies, changes in accounting estimates, or restatement
1) Changes in accounting policies due to changes in consolidated accounting methods :2) Changes other than 1) above: None
3) Changes in accounting estimates : None
4) Restatement: NoneNone(4) Number of shares outstanding (common shares)
1) Number of shares outstanding (including treasury stock) at the end of the period
December 31, 2020 :24,172,000 sharesMar. 31, 2020 :24,172,000 shares
2) Number of treasury stock at the end of the period
December 31, 2020 :
864,592 sharesMar. 31, 2020 :
864,510 shares
3) Average number of shares issued during the period (cumulative; consolidated)
Nine months ended December 31, 2020 : 23,307,446 shares Nine months ended December 31, 2019 : 23,307,648 shares* Quarterly financial statements are not subject to a quarterly review by certified public accountants or an auditing company.

2

NIKKO COMPANY
Consolidated quarterly Financial Statements
FY03/2020(As of Mar.31,2020)(Millions of yen)
FY03/2021(As of Dec.31,2020)

1,103
1,937
1,323
561
440
311
46(4)
5,719

1,426
1,496
1,302
560
580
280
77(6)
5,718

6,900(5,393)
1,507
4,335(3,994)
341
1,145(1,082)
62
1,121
146
(36)
109
164
3,306
41

6,923
(5,515)
1,408
4,352(4,044)308
1,152(1,099)52
1,121
380(114)
265
70
3,226
40

92
95
(2)
186
3,534
9,254

90
93
(2)
181
3,448
9,167

2,506
2,300
―
36
31
42
167
90
1,108
6,283

2,161
2,705
40
21
137
7
106
86
1,206
6,472

―
40
78
4
46
1,262
125
1,556
7,840

160
25
134
4
54
1,288
118
1,785
8,257

3,470
1,584
(3,190)
(338)
1,525

3,470
1,584(3,710)
(338)
1,006

(0)
(104)
(6)
(111)
1,413
9,254

(0)(106)
10(97)
909
9,167(1) Consolidated Balance Sheet

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Costs on uncompleted construction contracts
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciationTools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
OtherAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax ｌiabilities
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

3

NIKKO COMPANY(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive income
Consolidated quarterly statements of income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Subsidy income
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Foreign exchange gains
OtherTotal non-operating expenses
Ordinary income (loss)
Extraordinary Income
Gain on sales of noncurrent assets
Gain on sales of investment securities
Total extraordinary Income
Extraordinary losses
Loss on sales of noncurrent assets
Loss on retirement of noncurrent assets
Total extraordinary losses
Loss before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent

FY03/2020(Apr.1, 2019-Dec.31,2019)(Millions of yen)
FY03/2021(Apr.1, 2020-Dec.31,2020)

9,687
6,842
2,844
2,831
12

8,114
6,004
2,109
2,713(603)

0―
1―
7879

00―
8853
141

150―
1431
61

15―
101441(502)31721――――――

00083(503)

20(0)
20
63

16(0)
15(519)63(519)(Millions of yen)
FY03/2020(Apr.1, 2019-Dec.31,2019)(Millions of yen)
FY03/2021(Apr.1, 2020-Dec.31,2020)

63(519)(0)013(1)
1275

0016(2)14(504)75―(504)―

Consolidated quarterly statements of comprehensive incomeProfit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted for using equity method
Other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

4

NIKKO COMPANY[Consolidated Segment Information]

Nine Months ended December 31, 2019 (April 1, 2019 – December 31, 2019)
Housing & Functional
Environmental Ceramics
Equipment
ProductTabletop(Millions of yen, rounded down)Amounts on theconsolidated
Adjustment
financial(Note 2)statements(Note 3)

Other Segment(Note 1)
totalNet sales
Sales to Outside Customers
Intersegment sales or Transfers
Total
Segment profit (loss)(Operating income (loss))

6,538

1,799

1,335

13

9,687

-

9,687---

4

4

(4)

-

6,538

1,799

1,335

17

9,691

(4)

9,687

378

159(97)(0)441(428)12

Note: 1. The category "Other" is warehouse business which is a business segment not included in the reportable segments.
Note: 2. Segment income adjustment of 428 million yen consists of expenses related to departments that do not belong to
the reportable segments.
Note: 3. Segment profits and losses are adjusted with Operating income on the consolidated quarterly statements of income.
Nine Months ended December 31, 2020 (April 1, 2020 – December 31, 2020)
Housing & Functional
Environmental Ceramics
Equipment
Product

Tabletop

Segment
total

Adjustment(Note 1)

(Millions of yen, rounded down)Amounts on theconsolidated
financialstatements(Note 2)

Net sales
Sales to Outside Customers
Intersegment sales or Transfers
TotalSegment profit (loss)(Operating income (loss))

6,015

1,347

751

8,114

-

8,114

-

-----

6,015

1,347

751

8,114

-

8,114

197

(54)

(308)

(165)

(438)

(603)

Note: 1. Segment income adjustment of 438 million yen consists of expenses related to departments that do not belong to
the reportable segments.
Note: 2. Segment profits and losses are adjusted with Operating loss on the consolidated quarterly statements of income.

5