Member of the Financial Accounting Standards Foundation

Consolidated Financial Results for the Third Quarterof Fiscal Year Ending March 31, 201709-Feb -2017
Company Name :Security Code :Representative :Contact :NID Co., Ltd.

Listing :
URL :

2349
President
Syuntaro Komori
Senior Managing Director Tsuneo Baba

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

Telephone :81-8-3-6221-6811

1. Consolidated Financial Results for the Third Quarter of Fiscal Year 2017
(From April 1, 2016 to December 31, 2016)(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%

3Q FY3/17

12,3640.5

1,209

19.7

1,29412.8

867

26.1

3Q FY3/16

12,297

5.1

1,011

0.1

1,148

5.5

687

4.4

Note: Comprehensive income: 3Q FY3/17 945million yen (57.7%)

3Q FY3/16 599million yen (△33.4%)

Diluted net

Net income per shareincome per share

YenYen3Q FY3/17229.23-

3Q FY3/16181.73-(2) Consolidated Financial Position
Total Assets

Net Assets per Share%Yen

14,954

9,833

65.8

2,597.84

9,042

64.0

2,388.74

FY3/16EquityEquity Ratio

Million yen

3Q FY3/17
Note :

Total Net Assets

Million yen
14,1263Q FY3/17 9,833million yen

FY3/16 9,042million yen

2. Dividend Information
Dividends Per Share
Registry DateFirst quarter

Second quarter

Third quarter

Year End

Full Year

Yen

Yen

Yen

Yen

Yen

FY3/16---

50.00

50.00

FY3/17--

50.00

50.00

FY3/17(Forecasts)

Note: Revisions to the latest projected dividends: None

3. Consolidated Financial Forecasts for the Fiscal Year 2017(From April 1, 2016 to March 31, 2017)
Net Sales

Full Year

Operating Income

Million yen%

17,500

2.3

Million yen
1,575

Note: Revisions to the latest projected consolidated results: None

Ordinary Income

Profit attributable toNet income

owners of parent

per share%

Million yen%

Million yen%

Yen

2.0

1,675

△2.5

1,150

20.2

303.804.Others(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 :Yes②

Changes arising from other reasons : None③

Changes in estimation related to financial statements : None④

Re-statement of revisions : None

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

3Q FY3/17

4,369,830

FY3/16

4,369,830

Treasury stock as of term end

3Q FY3/17584,461

FY3/16584,418

Average shares issued during term

3Q FY3/17

3,785,409 3Q FY3/16

3,785,538*Indication of quarterly review procedure implementation status
This quarterly earnings report is exempt from quarterly review procedure based upon the Financial Instruments and Exchange Act. It is
under the review procedure process at the time of disclosure of this report.
*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.

5. Consolidated Financial Statements(1) Consolidated Balance Sheets（Thousand yen）
3rd Quarter

FY3/16

FY3/17

AssetsCurrent assets
Cash and deposits

6,327,610

6,832,064

Notes and accounts receivable - trade

2,931,993

2,477,424

Securities

208,337

207,298

Work in process

279,823

795,305

Deferred tax assets

347,319

348,341

Other

173,394

84,196

10,268,478

10,744,630

Property, plant and equipment

263,040

283,096

Intangible assets

117,291

114,556

Investment securities

2,546,002

2,851,990

Deferred tax assets

559,313560,071

Guarantee deposits

268,218

291,053

Other

103,939

109,1873,477,473

3,812,302

3,857,805

4,209,955

14,126,283

14,954,586

Accounts payable - trade425,365

406,321

Short-term loans payable－

390,000

Accounts payable - other317,939

430,589

Income taxes payable

354,791

118,449

Provision for bonuses

868,643444,540

Other

361,112482,143

2,327,851

2,272,043

2,163,442

2,243,666

Provision for directors' retirement benefits

541,050

562,818

Asset retirement obligations

38,31042,258Other

13,254－2,756,056

2,848,743

5,083,908

5,120,787

Capital stock

653,352

653,352

Capital surplus

488,675

488,675

Retained earnings

8,761,870

9,476,143

Treasury shares△1,226,780△1,226,945

352,832

430,784

12,425

11,788

Total current assets
Non-current assets

Investments and other assets

Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities

Total current liabilities
Non-current liabilitiesNet defined benefit liability

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity

8,677,116

9,391,225

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plansTotal accumulated other comprehensive income

365,258

442,573

Total net assets

9,042,375

9,833,799

Total liabilities and net assets

14,126,283

14,954,586

(2) Consolidated Statements of Income（Thousand yen）
3rd Quarter

3rd Quarter

FY3/16

FY3/17

Net sales

12,297,904

12,364,065

Cost of sales

9,932,241

9,772,992

Gross profit

2,365,662

2,591,073

Selling, general and administrative expenses

1,354,656

1,381,165

Operating income

1,011,006

1,209,907

Interest income

2,655

2,527

Dividend income

47,386

62,246

Gain on sales of investment securities

37,780－Other

57,17624,872

Total non-operating income

144,998

89,646

Interest expenses

1,100

1,262

investment partnership management fee

1,103

974

Taxes and dues

4,975

2,550

672

111

7,851

4,898

1,148,154

1,294,655

92

1,178Gain on sales of investment securities

42,001－

Total extraordinary income

42,093

1,178

0801

91,0907,196Non-operating income

Non-operating expenses

Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets

Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities

648

－

Other

1,748

－

Total extraordinary losses

93,486

7,997

1,096,761

1,287,836

Income taxes

408,802420,097

Profit687,959

867,739

687,959

867,739－－△91,56577,951

Office transfer expenses

Profit before income taxes

Profit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income

3,007△88,558△636

77,315599,400

945,054599,400

945,054－－

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests