Member of the Financial Accounting Standards Foundation

Consolidated Financial Results for the Second Quarterof Fiscal Year Ending March 31, 2018
2-NOV-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 Second Quarter of Fiscal Year 2018
(From April 1, 2017 to September 30, 2017)(1) Consolidated Operating Results(All figures are rounded down to the nearest million yen)(% of change from previous year)

Profit attributable toNet Sales

Operating Income

Million yen%

Ordinary Income

Million yen%

Million yen

owners of parent%

Million yen%

2Q FY3/188,620

4.57722.6855

6.05766.9

2Q FY3/17

8,247

1.1753

35.0

806

20.5

538

15.9

Note: Comprehensive income: 2Q FY3/18 561million yen (5.7%)

2Q FY3/17 531million yen (65.4%)

Diluted net

Net income per shareincome per share

YenYen2Q FY3/18152.23-

2Q FY3/17142.34-(2) Consolidated Financial Position
Total AssetsNet Assets per Share%Yen

15,96910,59566.3

2,799.13

10,25365.9

2,708.77

FY3/17Equity

Equity Ratio

Million yen

2Q FY3/18
Note :Total Net Assets

Million yen
15,5692Q FY3/18 10,595million yen

FY3/17 10,253million yen

2. Dividend Information
Dividends Per Share
Registry DateFirst quarter

Second quarter

Yen

Third quarter

Yen

FY3/17--

FY3/18--

FY3/18(Forecasts)

Year EndYen

Full Year

Yen

Yen-

58.00

58.00

-53.0053.00

Note: Revisions to the latest projected dividends: None

3. Consolidated Financial Forecasts for the Fiscal Year 2018(From April 1, 2017 to March 31, 2018)
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

18,000

1.8

1,620

△11.7

1,720

△12.6

1,190

△8.8

314.37

Note: 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 statements : None④

Re-statement of revisions : None

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

2Q FY3/18

4,369,830

FY3/17

4,369,830

Treasury stock as of term end

2Q FY3/18584,501

FY3/17584,461

Average shares issued during term

2Q FY3/18

3,785,365 2Q FY3/17

3,785,412* This quarterly consolidated financial results are not subject to a quarterly review*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, and NID
makes no guarantee that these figures will be achieved. Actual results may differ from our projections due to various unforeseen reasons.

25. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousand yen)
2nd Quarter
FY3/18

FY3/17
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Work in process
Deferred tax assets
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
Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - other
Income taxes payableProvision 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
3

6,996,807
3,526,942
207,298
166,296
348,107
139,305
11,384,757

8,005,415
2,713,789
307,298
336,633
349,175
83,455
11,795,768

275,130
119,793

264,071
103,062

2,765,807
599,101
314,893
109,668
3,789,470
4,184,394
15,569,152

2,770,359
605,781316,683
114,215
3,807,039
4,174,172
15,969,941

441,984
299,094
409,367
882,485
2,673
395,550
2,431,155

424,948
308,530
314,856
905,493
2,702
512,4192,468,950

2,252,030

2,285,439

570,075

579,750

39,78322,4302,884,319
5,315,474

40,160－2,905,349
5,374,300

653,352
488,675
9,913,319△1,226,945
9,828,401

653,352
488,675
10,269,996△1,227,075
10,184,948

414,776

398,741

Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets

410,500

11,950425,276

410,691

10,253,678
15,569,152

10,595,640
15,969,941

(2) Consolidated Statements of Income(Thousand yen)
2nd Quarter
FY3/17
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating 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 income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
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-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

5

2nd Quarter
FY3/188,247,553
6,582,565
1,664,988
911,805
753,1828,620,524
6,872,368
1,748,155
975,648772,507

1,267
43,938－12,21257,4181,252
51,074
12,32020,82485,471

736
974
1,820
111
3,643
806,957865575
700
390
2,531
855,447

802
802－
－

7,196
801
－
7,997
799,763
260,942538,820

－
0
2,264
2,264
853,183
276,955
576,228

538,820－576,228－△7,919652△7,266
531,553△16,034
1,450△14,584
561,643

531,553－

561,643－

(3) Consolidated Statements of Cash Flows(Thousand yen)
2nd Quarter
FY3/17
Cash 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 (gain) on valuation of investment securities
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 of investment securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments for guarantee deposits
Proceeds from collection of guarantee deposits
Proceeds from distribution of investment in partnerships
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
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 of period
Cash and cash equivalents at end of period

6

2nd Quarter
FY3/18

799,763
44,43946,753

853,183
43,39135,865

14,512

9,675

19,618△45,205736－7,196
297,562△262,399
70,962△32,256△58,493△45,171△891
5,470
862,595
43,725△736△329,484
576,099

23,008△52,326865△12,320－
813,152△170,012
24,081△17,036
9,121△52,868
133,442△6,101
1,635,121
46,771△865△358,939
1,322,088－△298,445
203,000△19,182885△21,664△23,174250
7,754△4,644△155,221△100,000△78,772
97,395△13,309－△2,267△1,927138
12,872△4,641△90,514390,000△390,000△188,791－△2,757△191,549
229,328
6,474,172
6,703,501

440,000△440,000△219,018△129△4,614△223,761
1,007,811
7,142,287
8,150,098