Consolidated Quarterly Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 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 filing quarterly securities report: February 9, 2024
Scheduled date of commencing dividend payments: ―Preparation of supplementary briefing material on quarterly financial results: No
Holding of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023
(April 1, 2023 to December 31, 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

Nine months ended
24,338
5.8
824
11.1
1,608
(3.7)
1,314
December 31, 2023
Nine months ended
23,0086.6
741 (24.8)
1,669
(8.9)
1,359
December 31, 2022
(Note) Comprehensive income: Nine months ended December 31, 2023: ¥2,076 million [63.1%]
Nine months ended December 31, 2022: ¥1,273 million [2.9%]

Nine months ended
December 31, 2023
Nine months ended
December 31, 2022

Earnings per share

Diluted earnings per
share

Yen

Yen

54.86

―

56.33

―

(2) Consolidated Financial Position
Total assets
Million yen

Net assets
Million yen

As of December 31,
56,89039,5392023
As of March 31,
54,97938,201
2023(Reference) Equity: As of December 31, 2023: ¥39,268 million
As of March 31, 2023: ¥37,899 million

Equity ratio

%

(3.3)
(10.3)Net assets per share
%

Yen

69.0

1,646.82

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%

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% Million yen%

Million 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 December 31, 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 December 31, 2023: 5,502,257 shares
As of March 31, 2023: 5,292,998 shares
3) Average number of shares during the period
Nine months ended December 31, 2023: 23,965,380 shares
Nine months ended December 31, 2022: 24,129,471 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 publicationof 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. 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 3 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 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 ........ 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 going concern assumption) ...................................................................................................... 8(Notes in the case of significant changes in shareholders’ equity) ........................................................... 8(Segment information, etc.) ...................................................................................................................... 81

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2023

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
During the nine months ended December 31, 2023, the Japanese economy gradually recovered as social andeconomic activities slowly moved toward a return to normal following the reclassification of COVID-19 to Class5, backed by service consumption due to higher wages and inbound demand, while commodity prices continued
to rise. Nonetheless, the environment affecting us continued to be harsh and the outlook remained uncertain due
to concerns about an economic downturn caused by rising energy and raw materials prices worldwide, monetary
tightening, and other factors.
In the market environment affecting the Group, there were also signs of a recovery in appetite for private
capital investment, which had dropped due to the pandemic.
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, shipments and construction for major orders awarded since October 2023
have started on schedule, and our efforts to improve selling prices and reduce costs have been successful. This
resulted in year-on-year increases in both turnover and operating income.
On the technology development side, “VimSys Camera®,” an electronic bulletin board application for taking
construction photos we developed, was successfully tested and certified by the Ministry of Land, Infrastructure,
Transport, and Tourism for authenticity verification and small bulletin board information integration functions.
By adding the currently available “Pile-ViMSys®,” a comprehensive construction management system for pilework that we developed, to the ViMSys Camera®, users will be able to remotely check and approve theconstruction status on time. To streamline design work, we upgraded the pile design software to cut down on
design time for core operations. In addition, we worked to develop a new inner excavation method for concrete
piles, a method in which we have expertise (and which also contributes to reducing CO2 emissions) to aim forthe industry's highest bearing capacity, and carried out the pilot construction.
To address global environmental issues (for CO2 reduction), we launched work to switch to gas boilers at the
Kumagaya Plant, a key plant of the Company.
With the 100th anniversary of its founding in 2025 as a milestone, the Group is pursuing fundamental businessrestructuring 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 through businessrestructuring 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 thelevels seen in the same period of the previous fiscal year, we aggressively developed our sales activities.
Orders awarded increased mainly in the Kanto and Tohoku regions, and the scheduled shipment of large
properties has begun. Further, the progress in improving selling prices and reducing costs to counter thesoaring raw material prices has also had an impact. As a result, turnover and operating income increased to¥15,972 million (up 10.3% year on year) and ¥818 million (up 176.2%), respectively.
2) Sewerage-related businessDespite a slight pickup compared to the first half, market demand was lower than in the same period of theprevious year, and other factors resulted in turnover of 7,231 million yen (down 2.8% year on year) andoperating income of 782 million yen (down 22.9%).

2

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2023

3) Solar Power Generation and Real Estate business
Turnover amounted to ¥1,150 million (up 3.4% year on year) and operating income was ¥613 million(up 1.1%). Income in the solar power generation area maintained the same level as in the previous fiscal
year.
Real estate rental income maintained the same level as in the previous fiscal year.
4) Others
In Others, turnover totaled ¥46 million (up 28.9% year on year) and operating income was ¥36 million(up 36.3%).
As a result, in the nine months ended December 31, 2023, turnover amounted to ¥24,338 million (up 5.8%
year on year), operating income was ¥824 million (up 11.1%), ordinary income was ¥1,608 million (down 3.7%),
and profit attributable to owners of parent company was ¥1,314 million (down 3.3%).

(2) Explanation of Financial Position
Total assets as of December 31, 2023, increased ¥1,911 million from the end of the previous consolidated
fiscal year, to ¥56,890 million. This was mainly because cash and deposits increased ¥744 million under current
assets, and investment securities increased ¥1,409 million under non-current assets.
In addition, under liabilities, total liabilities increased ¥572 million from the end of the previous consolidated
fiscal year, to ¥17,351 million. This was mainly because notes and accounts payable-trade increased ¥214 million
under current liabilities, and deferred tax liabilities included in other under non-current liabilities increased ¥378
million.
Under net assets, total net assets increased ¥1,338 million from the end of the previous consolidated fiscal
year, to ¥39,539 million. This was mainly because, under retained earnings, while profit attributable to ownersof parent company increased ¥ 1,314 million, there was a decrease of ¥539 million for cash dividends paid, andvaluation difference on available-for-sale securities increased ¥825 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, 2024, there has been no change
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.

3

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 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

4

As of December 31, 2023

12,462,419

13,206,478

10,003,539

9,700,325

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

2,416,066
3,492,599
570,287
286,441(13,113)29,659,085

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

3,505,161
3,600,768
2,165,161
9,271,092
166,156

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

17,546,157
280,735(32,250)
17,794,642
27,231,891
56,890,977

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

10,360,000
1,088,883
206,343―
1,910
1,413,845
13,070,983

37,485
14,90733,85814,907―

41,177

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

2,730,871
1,459,565
4,280,381
17,351,364

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 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

5

As of December 31, 2023

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

5,251,400
4,920,916
29,768,531(2,755,280)
37,185,567

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

1,860,392
141,02181,7292,083,143
270,901
39,539,612
56,890,977

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2023

(2) Consolidated Quarterly Statements of Income and Comprehensive Income
Consolidated Quarterly Statements of Income
Nine Months Ended December 31(Thousand yen)
For the nine months ended
December 31, 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 sales of fixed assets
Gain on sale of investment securities
Total 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
Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent company

6

For the nine months ended
December 31, 2023

23,008,475
19,284,535
3,723,940
2,982,271
741,668

24,338,538
20,224,357
4,114,180
3,289,881
824,299

333
162,914619,12190,58384,882
957,834

290
177,152
478,424
85,469106,564
847,901

11,932―
17,781
29,714
1,669,788

19,456
21,56023,05964,076
1,608,125

165
36,03136,197215,457
148,967
364,4245―
5
1,705,980
286,09054,361
340,451
1,365,529
6,409
1,359,119

0
198,859
198,859
1,773,690
437,142
35,396
472,539
1,301,151(13,691)
1,314,842

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2023

Consolidated Quarterly Statements of Comprehensive Income
Nine Months Ended December 31(Thousand yen)
For the nine months ended
December 31, 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 (loss) attributable to noncontrolling interests

7

For the nine months ended
December 31, 2023

1,365,529

1,301,151(74,790)(57,172)
27,666
11,905(92,392)
1,273,136

764,815(66,065)
8,737
67,865775,352
2,076,503

1,266,726

2,090,195

6,409(13,691)

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2023

(3) 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 nine months ended December 31, 2022 (April 1, 2022 to December 31, 2022)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)

Adjustments(Note 2)

Amountrecorded ontheConsolidated
QuarterlyStatements ofIncome(Note 3)23,008,475―

23,008,475―

34,170(34,170)―

36,08526,51723,042,646
1,944,878(34,170)(1,203,209)

23,008,475
741,668

Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income

Foundations

Seweragerelated

Solar Power
Generation
and Real
Estate

Total

Others(Note 1)

Total

14,450,742

7,437,645

1,084,000

22,972,389

36,085

5,137―

29,03334,17014,455,880
296,2937,437,645
1,014,557

1,113,034
607,509

23,006,560
1,918,360(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥(1,203,209) 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 Nine Months Ended December 31, 2023

II. For the nine months ended December 31, 2023 (April 1, 2023 to December 31, 2023)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)

Adjustments(Note 2)

Amountrecorded ontheConsolidated
QuarterlyStatements ofIncome(Note 3)24,338,538―

24,338,538―

61,517(61,517)―46,50936,13824,400,055
2,251,194(61,517)(1,426,894)

24,338,538
824,299

Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income

Foundations

Seweragerelated

Solar Power
Generation
and Real
Estate

Total

Others(Note 1)

Total

15,939,702

7,231,328

1,120,997

24,292,029

46,50932,490―29,026

61,517

15,972,192
818,367

7,231,328
782,690

1,150,024
613,998

24,353,546
2,215,056(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. An adjustment to segment income of ¥(1,426,894) 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.

9