Member of the Financial Accounting Standards Foundation

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2021
14-May-2021
Company Name :Security Code :Representative :Contact :NID Co., Ltd.
2349
President
Shuntaro Komori
Director,Corporate Design Manager, FinanceManager
Hiroshi Kosuge

Listing :URL :JASDAQhttps://www.nid.co.jp/

Telephone :81-8-3-6221-6811

1. Consolidated Financial Results for the Fiscal Year Ended March 31,2021 (From April 1, 2020 to March 31, 2021)(All figures are rounded down to the nearest million yen)

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

Net Sales

Operating Income

Profit attributable toOrdinary Income

Million yen%

Million yen%%

Million yen%

FYE March 2021

17,684

△1.8

1,870

△3.6

2,138

△6.2

1,363

7.7

FYE March 2020

18,017

0.3

1,940

△2.2

2,279

5.1

1,266

△12.3

Note : Comprehensive income : FY3/21

1,833million yen (62.6%)

FY3/20Million yen

owners of parent

1,127million yen (△24.8%)

Diluted net
income per share

Net income per share

ROE

Operating Income
Margin

ROA

Yen

Yen

%

%

%

FYE March 2021

120.09

－

9.5

10.8

10.6

FYE March 2020

111.53

－

9.6

12.2

10.8

(2) Consolidated Financial Position
Total Assets

Total Net Assets

Equity Ratio

Net Assets per Share

Million yen

Million yen%

Yen

As of March 31, 2021

20,675

15,17173.4

1,336.00

As of March 31, 2020

19,044

13,58871.4

1,196.58

Note : Equity As of March 31, 2021 15,171million yen

As of March 31, 2020 13,588million yen(3) Consolidated Cash Flows
Cash Flows fromoperating activities

Cash Flows frominvestment activities

Cash Flows fromfinancing activities

Cash and cash
equivalents at end of year

Million yen

Million yen

Million yen

Million yen

FYE March 2021

2,123

354

△258

11,069FYE March 2020

1,097

△873

△250

8,849

2. Dividend Information
Dividends Per Share
Secondquarter

Third
quarter

Year

Full

End

Year

Total amountof cashdividends forthe year

Dividends
payout ratio(Consolidated)

Net Assets to
Dividend
Ratio(Consolidated)

Registry DateFirst
quarter
Yen

Yen

Yen

Yen

Yen

Million yen%%

FYE March 2020

－

－

－

22.00

22.00

249

19.7

1.9

FYE March 2021

－

－

－

22.00

22.00

249

18.3

1.7

FYE March 2022
(Forecasts)

－

－

－

22.00

22.00

- 1 -

20.8

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31,2022 (From April 1, 2021 to March 31, 2022)
Net Sales

Operating Income

Million yen%

2Q FYE March 2022

8,440

FYE March 2022

17,800Ordinary Income

Million yen%

Million yen

%

△2.3

600

0.7

1,600

△14.2

725

△14.4

1,733

Profit attributable to

Net income

owners of parent

per share

Million yen

%

Yen

△22.5

503

△19.1

44.30

△18.9

1,202

△11.8

105.88* Notes:(1) Changes in the scope of our consolidation, including changes in our subsidiaries : None
Consolidated subsidiaries : 0 added,

0 removed(2) 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 statements : None④

Re-statement of revisions : None

(3) Shares issued (Common stock)
Shares issued as of term end(including treasury stock)
Treasury stock as of term end
Average shares issued during term

As of March 31,2021

13,109,490

As of March 31, 2020

13,109,490

As of March 31,2021

1,753,759

As of March 31, 2020

1,753,704

FYE March 2021

11,355,734

FYE March 2020

11,355,786* 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.

- 2 -4. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousand yen)
As of March 31, 2020

As of March 31, 2021

8,965,663
3,503,045
138,756
182,289
12,789,754

11,131,189
3,045,401
115,604
160,395
14,452,591

397,685

389,024△151,096
246,589
31,632△21,6889,943
327,546△170,268
218,755
40,822△19,895
20,926324,644△219,971
107,575
20,17968,843△229,757
94,886
20,17970,293△37,83131,012－415,299△47,945
22,348
7,809
384,906

93,946
103,847
197,793

170,362
17,013
187,375

4,076,669
997,002349,332

4,378,732
821,323
326,597

218,273
5,641,277
6,254,370
19,044,125

124,092
5,650,745
6,223,028
20,675,620

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Other
Total 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- 3 -(Thousand yen)
As of March 31, 2020

As of March 31, 2021

440,525
295,308
358,432
292,213
913,842
227,172
2,527,494

380,833
307,877
347,182
315,285
936,336
209,894
2,497,408

2,367,837

2,421,329

494,200

524,350

46,68519,853
2,928,576
5,456,070

47,478
13,7703,006,927
5,504,336

653,352
488,675
13,309,760△1,227,333

653,352
488,675
14,423,667△1,227,405

13,224,454

14,338,289

343,180

815,506

20,41917,487

363,600

832,993

13,588,054

15,171,283

19,044,125

20,675,620

Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Provision for retirement benefits for
directors (and other officers)
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Remeasurements of defined benefit
plans
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets- 4 -(2) Consolidated Statements of Income(Thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on investments in investment
partnerships
Gain on sale of investment securities
Insurance claim income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sale of investment securities
investment partnership management fee
Taxes and dues
Commission expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of investments in capital
Office relocation expenses
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total 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,
net of tax
Total other comprehensive income- 5 -FYE March 31,2020

FYE March 31,2021

18,017,074
14,019,391
3,997,682
2,057,323
1,940,359

17,684,827
13,789,391
3,895,435
2,024,845
1,870,590

9,243
247,642

9,239
140,542

17,993

22,138－
10,48353,704
13,310352,377

33,1736,820
59,199
11,191
282,305

1,470
1,360
5,651
4,200
－
627
13,3102,279,425

953
－
3,890
3,425
4,143
2,286
14,6992,138,195

2,410
2,410

1,957
1,957

10,065
274,011－2,752－
286,829
1,995,006
706,372
22,112
728,484
1,266,522

13,76950,04999,99914,278－178,098
1,962,054
627,410△29,089
598,320
1,363,734

1,266,522－

1,363,734－△148,322

472,325

9,200△2,931△139,122

469,393

(2) Consolidated Statements of Income(Thousand yen)Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests- 6 -FYE March 31,2020

FYE March 31,2021

1,127,399

1,833,128

1,127,399

1,833,128－－

(3) Consolidated Statements of Changes in Shareholders’ Equity
Consolidated Financial Results for the Fiscal Year 2020 (From April 1, 2019 to March 31, 2020)(Thousand yen)
Shareholders' equity

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Capital stock

Capital surplus

653,352

488,675

Retainedearnings

TreasurysharesTotalshareholders'equity12,281,709△1,227,333

12,196,404△238,471△238,471

1,266,522

1,266,522--

1,028,050-

1,028,050

653,352

488,675

13,309,760△1,227,333

13,224,454

Accumulated other comprehensive income

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Valuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

491,503

11,219502,722

Total net assets

12,699,126△238,471
1,266,522△148,322

9,200△139,122△139,122△148,322

9,200△139,122

888,927

343,180

20,419363,600

13,588,054- 7 -Consolidated Financial Results for the Fiscal Year 2021 (From April 1, 2020 to March 31, 2021)(Thousand yen)
Shareholders' equity

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Capital stock

Capital surplus

653,352

488,675

Retainedearnings

TreasurysharesTotalshareholders'equity13,309,760△1,227,333

13,224,454△249,827△249,827

1,363,734

1,363,734
△71

△71

-

-

1,113,907△71

1,113,835

653,352

488,675

14,423,667△1,227,405

14,338,289

Accumulated other comprehensive income

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Valuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

343,180

20,419363,600

Total net assets

13,588,054△249,827
1,363,734△71
472,325△2,931

469,393

469,393472,325△2,931

469,393

1,583,228

815,506

17,487

832,993

15,171,283- 8 -(4) Consolidated Statements of Cash Flows(Thousand yen)FYE March 31,2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in retirement benefit
liability
Increase (decrease) in provision for retirement
benefits for directors (and other officers)
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expenses
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment
securities
Loss on valuation of investments in capital
Loss (gain) on sale of property, plant andequipment
Loss on retirement of property, plant andequipment
Loss on retirement of intangible assets
Loss (gain) on investments in investment
partnerships
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other current assets
Decrease (increase) in other non-current assets
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption
taxes
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating
activities- 9 -FYE March 31,2021

1,995,006
106,258

1,962,054
130,243

46,47049,195△132,350

30,15018,274△256,885
1,470
1,360

22,494△149,782
953△33,173274,01150,049－99,999△2,410△1,9572,513

12,640

8,568

1,233

△5,032△29,820△385,345△15,820△88,315△273
46,873△92,266

457,644
23,26022,79991△59,692
17,916

120,304

23,072△52,190497
1,590,719
257,838△1,470△749,724△19,667541
2,610,248
148,929△953△634,300

1,097,363

2,123,924

(4) Consolidated Statements of Cash Flows(Thousand yen)FYE March 31,2020
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of investment securities
Payments for investments in capital
Proceeds from sale and redemption of
investment securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Proceeds from sale of intangible assets
Proceeds from distributions from investment
partnerships
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Purchase of insurance funds
Proceeds from maturity of insurance funds
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
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 of
periodCash and cash equivalents at end of period- 10 -FYE March 31,2021△54,001－△931,620△100,000△1
54,000△391,589－

502,139755,459△113,374△58,367

4,533

2,204

△153,566－△51,214
1,750

7,733

25,468△42,424
1,333△7,913
16,925△3,700－22,735△7,913
2,003－△873,936

354,534

360,000△360,000△238,297△12,170

360,000△360,000△249,196△71△9,504△250,468△258,772△27,041

2,219,686

8,876,942

8,849,901

8,849,901

11,069,587