Member of the Financial Accounting Standards Foundation

Consolidated Financial Results for the Second Quarter
Of Fiscal Year Ending March 31, 20192-Nov-2018
Company Name :Security Code :Representative :Contact :NID Co., Ltd.

Listing :
URL :

2349
President
Managing Director

Syuntaro Komori
Masaaki Kita

JASDAQ
http://www.nid.co.jp

Telephone :81-8-3-6221-6811

1. Consolidated Financial Results for the Second Quarter of Fiscal Year 2019
(From April 1, 2018 to September 30, 2018)(All figures are rounded down to the nearest million yen)

(1) Consolidated Operating Results(% of change from previous year)

Profit attributable toNet Sales

Operating Income

Ordinary Income

owners of parent

Million yen%

Million yen%

Million yen%

Million yen%

2Q FY3/198,708

1.08489.994010.06319.7

2Q FY3/18

8,620

4.57722.6855

6.0576

6.9

Note: Comprehensive income: 2Q FY3/19640million yen (14.1%)

2Q FY3/18 561million yen (5.7%)

Diluted net

Net income per shareincome per share

YenYen2Q FY3/19

166.95-2Q FY3/18152.23-(2) Consolidated Financial Position
Total Assets

Total Net AssetsEquity Ratio

Net Assets per Share

Million yen

Million yen%

Yen

2Q FY3/19

17,244

11,84068.7

3,128.00

FY3/1816,867

11,41967.7

3,016.72

Note :Equity

2Q FY3/19 11,840million yen

FY3/18 11,419million yen

2. Dividend Information
Dividends Per Share
Registry DateFirst quarter

Second quarter

FY3/18--

FY3/19--Yen

Third quarter

Yen

Year EndYen

FY3/19(Forecasts)

Full Year

Yen

Yen

-

58.00

58.00

-20.0020.00

Note: Revisions to the latest projected dividends: Yes

3. Consolidated Financial Forecasts for the Fiscal Year 2019 (From April 1, 2018 to March 31, 2019)
Net Sales

Full Year

Operating Income

Ordinary Income

Profit attributable toNet income

owners of parentper share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

18,900

5.5

1,700

△6.9

1,800

△10.7

1,240

△9.0

109.19Note: Revisions to the latest projected consolidated results: None

*Note(1) Changes in the scope of our consolidation, including changes in our subsidiaries: None
Consolidated subsidiaries: 0 added, 0 removed(2) Application of simple accounting method: Yes(3) Changes in accounting methodology, procedures, and the way our figures are displayed in the creation of our Quarter consolidated
financial statements.
①

Changes arising from revisions in accounting standards : None②

Changes arising from other reasons : None③

Changes in estimation related to financial statement : None④

Re-statement of revisions : None

(4) Shares issued (Common stock)
Shares issued as of term end (including treasury stock)

2Q FY3/19

4,369,830

FY3/184,369,830

Treasury stock as of term end

2Q FY3/19

584,537

FY3/18584,537

Average shares issued during term

2Q FY3/19

3,785,293

2Q FY3/18

3,785,365*This quarterly consolidated financial results are not subject to a quarterly review by a certified public accountant or an audit firm.
*Regarding the appropriate use of our earnings projections and other notes.
All projections provided in this document are based on the most accurate information available at the time of this writing.
However our actual results may differ from our projections due to various unforeseen reasons.

*Stock split
NID plans to conduct a three-for-one common stock split with an effective date of December 1, 2018.

4. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousand yen)
FY3/18AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Work in process
Other
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Guarantee deposits
Other
Total investments and other assets
Total non-current assets
Total assets

1st Quarter FY3/19

8,002,220
3,264,291
200,000
106,438
98,436
11,671,385

8,235,297
2,933,495
200,000
255,130
75,363
11,699,287

295,933
107,814

280,401
94,271

3,396,182
964,356
306,197
125,469
4,792,206
5,195,954
16,867,339

3,750,987
960,849
329,406
129,477
5,170,720
5,545,393
17,244,680

(Thousand yen)
2nd Quarter
FY3/19FY3/18
Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - other
Income taxes payable
Provision for bonuses
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Net defined benefit liability
Provision for directors' retirement benefits
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets

446,529
344,550
374,689
892,144－433,037
2,490,950

382,831318,236
339,526
910,184
3,159
471,480
2,425,418

2,300,010
596,900
40,537
19,791
2,957,239
5,448,190

2,331,492
609,625
37,762－
2,978,879
5,404,298

653,352
488,675
11,056,396△1,227,211
10,971,212

653,352
488,675
11,468,814△1,227,211
11,383,630

437,721443,490

10,215

13,261

447,936456,752

11,419,149
16,867,339

11,840,382
17,244,680

(2) Consolidated Statements of Income(Thousand yen)
2nd Quarter
FY3/18Net sales
Cost of sales
Gross profit
Selling, general and administrative expensesOperating profit
Non-operating income
Interest income
Dividend income
Gain on sales of investment securities
Other
Total non-operating income
Non-operating expenses
Interest expenses
investment partnership management fee
Taxes and dues
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Settlement package
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans, netof tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable tonon-controlling interests

2nd Quarter
FY3/198,620,524
6,872,368
1,748,155
975,648772,5078,708,197
6,875,937
1,832,259
983,504
848,755

1,252
51,074
12,32020,82485,471

3,424
76,608
1,675
15,082
96,790

865
575
700
390
2,531
855,447

849
1,635
2,245
56
4,787
940,7580
2,264
2,264
853,183
276,955
576,228272－
272
940,486
308,521631,965

576,228－

631,965－△16,034

5,768

1,450

3,046

△14,584
561,643

8,815
640,780

561,643

640,780－－

(3) Consolidated Statements of Cash Flows(Thousand yen)
2nd Quarter
FY3/18Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in net defined benefit
liability
Increase (decrease) in provision for
directors' retirement benefits
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expenses
Loss (gain) on sales of investment securities
Loss on retirement of non-current assets
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 accounts payable other
Increase (decrease) in accrued consumption
taxes
Increase (decrease) in other current
liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Purchase of securities
Purchase of investment securities
Proceeds from sales and redemption ofinvestment securities
Purchase of property, plant and equipment
Purchase of intangible assets
Payments for guarantee deposits
Proceeds from collection of guarantee
deposits
Proceeds from distribution of investment inpartnerships
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Increase in short-term loans payable
Decrease in short-term loans payable

2nd Quarter
FY3/19853,183
43,391940,486
42,65435,86536,004

9,675

12,72523,008△52,326865△12,3200

18,040△80,032849△1,675272

813,152

330,795△170,012
24,081△148,674
27,928△17,036△63,698

9,121△26,671△52,868△11,593

133,442

20,488△6,101
1,635,121
46,771△865△358,939

1,420
1,099,320
74,969△849△343,965

1,322,088

829,474△100,000△78,772－△517,640

97,395

160,675△13,309△2,267△1,927△1,701△2,868△23,484138

276

12,872

11,880△4,641△4,641△90,514△377,506

440,000△440,000

360,000△360,000Cash dividends paid
Purchase of treasury shares
Other, net
Net cash provided by (used in) financing
activities
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning ofperiod
Cash and cash equivalents at end of period△219,018△129△4,614△219,259－178△223,761△219,080

1,007,811

232,887

7,142,287

7,940,280

8,150,098

8,173,167