Consolidated Financial Results
for the Fiscal Year Ended March 31, 2021
[Japanese GAAP]May 13, 2021
Company name: NIPPON HUME CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Securities code: 5262
URL: http://www.nipponhume.co.jp
Representative: Minoru Okawauchi, President and Representative Director
Contact: Hirokazu Suzuki, Director and General Manager of Accounting Division
Phone: +81-3-3433-4111
Scheduled date of Annual General Meeting of Shareholders: June 29, 2021
Scheduled date of commencing dividend payments: June 30, 2021
Scheduled date of filing annual securities report: June 29, 2021
Preparation of supplementary briefing material on financial results: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)(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%

Fiscal year ended
30,446 (13.1)
1,730
2,711
(4.5)
2.6
March 31, 2021
Fiscal year ended
35,051 （7.8)
1,811
2,642
2.4
8.4
March 31, 2020
(Note) Comprehensive income: Fiscal year ended March 31, 2021: ¥3,351 million [94.5%]
Fiscal year ended March 31, 2020: ¥1,723 million [(10.2)%]
Earnings per
share

Diluted earnings
per share

Yen

Fiscal year ended
87.17
March 31, 2021
Fiscal year ended
85.83
March 31, 2020
(Reference) Share of income (loss) of associates:(2) Consolidated Financial Position
Total assets
Million yen

Million yen

%

2,129

1.2

2,105

2.5

Ordinary
incometo total assets

Return on
equityOperatingincome toturnover

Yen

%

%

%

―

6.2

5.5

5.7

―

6.5

5.4

5.2

Fiscal year ended March 31, 2021: ¥674 million
Fiscal year ended March 31, 2020: ¥616 million
Net assets
Million yen

As of March 31,
50,41836,0202021
As of March 31,
48,97833,1592020(Reference) Equity: As of March 31, 2021: ¥35,691 million
As of March 31, 2020: ¥32,814 million

Equity ratio

Net assets per share
%

Yen

70.8

1,461.11

67.0

1,342.50

(3) Consolidated Cash FlowsNet cash provided by Net cash provided by Net cash provided by(used in) operating(used in) investing(used in) financing
activities
activities
activities
Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2020

Cash and cash
equivalents at end of
periodMillion yen

Million yen

Million yen

Million yen

3,598(1,162)(473)

12,285

1,760(1,496)(945)

10,333

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Yen

Yen

Yen

Yen

Total

Total
dividends

Payoutratio(consolidated)

Yen Million yen

Dividends
to netassets(consolidated)%

Fiscal year ended
―
―
―
19.00
19.00
479
22.1
March 31, 2020
Fiscal year ended
―
―
―
25.00
25.00
633
28.7
March 31, 2021
Fiscal year ending
―
―
―
20.00
20.00
24.4
March 31, 2022
(Forecast)(Note) Breakdown of dividends for the fiscal year ended March 31, 2021: Ordinary dividend: 20.00 yen

%

1.4
1.8

Commemorative dividend: 5.00 yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022
(April 1, 2021 to March 31, 2022)(% indicates changes from the previous corresponding period.)
Profit attributable toEarnings
TurnoverOperating income
Ordinary income
owners of parent
per sharecompany
Million yen

First half
Full year

15,00031,000% Million yen

(0.3)
1.8

650
1,750

%

Million yen%

Million yen%

Yen(24.9)
1.2

1,400
2,650

(7.7)
(2.3)

1,100
2,000

(4.3)
(6.1)

45.03
81.87

* 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) 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(3) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021: 29,347,500 shares
As of March 31, 2020: 29,347,500 shares

2) Total number of treasury shares at the end of the period
As of March 31, 2021: 4,919,851 shares
As of March 31, 2020: 4,904,971 shares
3) Average number of shares during the period
Fiscal year ended March 31, 2021: 24,430,907 sharesFiscal year ended March 31, 2020: 24,527,583 shares* The financial results are not subject to auditing 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
publication of this document. They are not intended as a commitment by the Company that these results will beachieved. Actual results may differ considerably as a result of numerous factors. For the assumptions used in thefinancial results forecast and precautionary notes on its use, please refer to “1. Overview of Operating Results (4)Future Outlook” on page 3 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

Table of Contents
1. Overview of Operating Results ........................................................................................................... 2(1) Overview of Operating Results for the Fiscal Year under Review .................................................. 2(2) Overview of Financial Position in the Fiscal Year under Review ................................................... 2(3) Overview of Cash Flows in the Fiscal Year under Review ............................................................. 2(4) Future Outlook ................................................................................................................................ 3
2. Basic Approach Concerning Selection of Accounting Standards ........................................................ 3
3. Consolidated Financial Statements ...................................................................................................... 4(1) Consolidated Balance Sheets .......................................................................................................... 4(2) Consolidated Statements of Income and Comprehensive Income .................................................. 6(3) Consolidated Statements of Changes in Net Assets ........................................................................ 8(4) Consolidated Statements of Cash Flows ....................................................................................... 10(5) Notes to the Consolidated Financial Statements ........................................................................... 12(Notes on going concern assumption) ........................................................................................... 12(Segment information, etc.) ........................................................................................................... 12(Per share information) ................................................................................................................. 15(Significant subsequent events) ..................................................................................................... 15

1

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

1. Overview of Operating Results(1) Overview of Operating Results for the Fiscal Year under Review
During the fiscal year ended March 31, 2021, with the end of the spread of the novel coronavirus still not insight, conditions in the world economy continued to call for caution. Although the Japanese economy showedsome signs of a turnaround including a pickup in consumer spending and production activities after the lifting of
the first state of emergency in May 2020, economic activity was unavoidably restricted by two subsequent stateof emergency declarations. The uncertain outlook on the economy is expected to continue as the spread of thenovel coronavirus remains unchecked at present.
In terms of market trends affecting the Group, demand for Hume pipes in the sewerage-related business anddemand for concrete pile products in the foundations business fell short of those in the previous fiscal year.
Under such business conditions, the Group worked diligently on three basic strategies—Strategy for theGroup’s growth, Strategy to improve competitiveness, and Strategy to enhance the management foundation—to
pursue stable profits and sustainable growth, which are the key objectives of the basic policy in Evolution All
Japan II (fiscal 2018 to 2020), the Group’s three-year medium-term management plan that reached its final year.
Although affected by a downturn in private investment during the coronavirus crisis, the Group came together
as one and made efforts toward profitability-based order screening, cost reductions, and expense reductions.
Solar Power Generation and Real Estate secured stable profits through renewals of leased buildings and othermeasures to enhance the added value of properties.
In the Sewerage-related segment, turnover and profits increased as we met needs in areas including disasterreadiness/mitigation and national resilience.
As a result, orders received totaled ¥32,185 million (up 2.6% year on year), turnover amounted to ¥30,446
million (down 13.1% year on year), operating income was ¥1,730 million (down 4.5% year on year), ordinary
income was ¥2,711 million (up 2.6% year on year), and profit attributable to owners of parent company was¥2,129 million (up 1.2% year on year).
Furthermore, at the Board of Directors’ Meeting that was held on May 22, 2020, to improve the Group’s
capital efficiency and make a greater return of profits to shareholders, the Company resolved to purchase treasury
stock, and it later purchased a total of ¥97 million in such stock.

(2) Overview of Financial Position in the Fiscal Year under Review
Total assets as of March 31, 2021, had increased ¥1,439 million from the end of the previous consolidated
fiscal year, to ¥50,418 million. This was mainly because, while notes and accounts receivable - trade decreased¥3,116 million under current assets, cash and deposits increased ¥1,951 million under current assets, andinvestment securities increased ¥2,226 million under non-current assets.
In addition, under liabilities, total liabilities decreased ¥1,421 million from the end of the previous
consolidated fiscal year, to ¥14,397 million. This was mainly because, under current liabilities, notes and accounts
payable – trade decreased ¥2,017 million.
Under net assets, total net assets increased ¥2,860 million from the end of the previous consolidated fiscal
year, to ¥36,020 million. This was mainly because, under retained earnings, while profit attributable to ownersof parent company increased ¥2,129 million, there was a decrease of ¥479 million for cash dividends paid;valuation difference on available-for-sale securities increased ¥973 million; and remeasurements of defined
benefit increased ¥265 million.
(3) Overview of Cash Flows in the Fiscal Year under Review
Cash and cash equivalents (hereinafter, “funds,” referring to cash and deposits minus time deposits withdeposit terms of over three months) as of March 31, 2021, increased ¥1,951 million from the end of the previous
consolidated fiscal year to ¥12,285 million.
(Cash flows from operating activities)
Funds provided by operating activities during the consolidated fiscal year ended March 31, 2021, increased
2

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

¥1,838 million year on year to ¥3,598 million. This was mainly because of ¥2,655 million increase in profit
before income taxes and minority interests, a decrease of ¥3,092 million in notes and accounts receivable – trade,
and a decrease of ¥2,044 million in notes and accounts payable - trade.
(Cash flows from investing activities)
Funds used in investing activities during the consolidated fiscal year ended March 31, 2021, decreased ¥333
million year on year to ¥1,162 million. This was mainly because of ¥706 million in purchase of fixed assets and¥418 million in purchase of investment securities.
(Cash flows from financing activities)
Funds used in financing activities during the consolidated fiscal year ended March 31, 2021, decreased ¥471
million year on year to ¥473 million. This was mainly because of ¥479 million in cash dividends paid.

(4) Future Outlook
With the prolonging of impacts from the spread of the novel coronavirus, Japan's economy is facing a crisis
that differs from preceding ones. Despite the appearance of new growth in stay-at-home consumption and otherconsumption, the pandemic is giving rise to a chain of crises, from unprecedented contraction of demand inservice-related industries, increasing unemployment, and an uncertain outlook to contraction of consumption andinvestment.
In the concrete products industry to which the Group belongs, public works projects are predicted to remain
firm, underpinned by domestic demand. However, some postponement of private construction investment has
begun to appear, and, despite hopes for potential demand, uncertainties over the outlook are not expected todisappear.
At the same time, disaster readiness/mitigation to keep people safe from climate change and earthquakes,
measures to address aging social infrastructure, adaptation to renewable energy and decarbonization, thedeclining birthrate and super-aging population, the shortage of technicians in the construction industry, utilizationof digital technology, and many other social issues call for urgent action.
Under these circumstances, the Group has formulated the 21-23 Plan, a new three-year medium-term
management plan with fiscal 2023 as its final year.
The Company will celebrate its 100th anniversary in October 2025. We will position the period of the plan as
one to "Aim for a sustainable company and take a strong STEP!" As we work toward the stability of ourmanagement foundation and toward sustainable growth, we will position R&D and capital expenditures as key
issues for future growth and will focus on them.
With regard to our financial results for the consolidated fiscal year ending March 31, 2022, the Group expects
a turnover of ¥31,000 million, operating income of ¥1,750 million, ordinary income of ¥2,650 million, and profit
attributable to owners of parent of ¥2,000 million.

2. Basic Approach Concerning Selection of Accounting Standards
The Group’s policy is to prepare its consolidated financial statements based on Japanese-GAAP for the time
being, considering comparability with other companies in the same industry in Japan.
Our policy for the future is to review the application of International Accounting Standards in light of factors
including application trends by companies in Japan.

3

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

3. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousand yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
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
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term accounts receivable - other
Deferred tax assets
Other
Provision for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of March 31, 2021

10,376,529
11,887,000
2,433,113
519,544
169,935(16,498)
25,369,624

12,328,246
8,770,485
2,564,269
509,182
206,376(11,769)
24,366,791

13,316,931(9,269,814)
4,047,116
13,559,656(12,041,439)
1,518,217
3,572,904
45,937756,563(675,329)
81,2349,265,410

13,661,052(9,526,580)
4,134,471
13,768,907(12,282,949)
1,485,958
3,610,229
42,293754,360(699,314)
55,046
9,327,999

119,910
119,910

188,238
188,238

13,973,557
69,032
12,054
270,198(100,931)
14,223,911
23,609,232
48,978,857

16,200,362―
9,983
357,748(32,718)
16,535,375
26,051,613
50,418,405

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(Thousand yen)
As of March 31, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Deferred tax liabilities
Provision for share-based remuneration for directors
Provision for directors’ retirement benefits
Provision for environmental measures
Net defined benefit liability
Long-term lease and guarantee deposited
Other
Total non-current liabilities
Total liabilities
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 March 31, 2021

10,130,996
944,469
260,525
176,906
784,145
12,297,043

8,113,087
928,055
327,912
172,900
1,065,399
10,607,354

188,766―
17,2171,514
2,744,509
547,899
22,212
3,522,119
15,819,162

683,777
16,50014,907―2,517,770
547,902
9,542
3,790,401
14,397,755

5,251,400
4,688,447
24,715,817(2,073,120)
32,582,545

5,251,400
4,773,375
26,366,080(2,163,815)
34,227,040

240,023
227,280(235,658)
231,646
345,503
33,159,694
48,978,857

1,213,840
220,761
29,8691,464,471
329,137
36,020,649
50,418,405

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Thousand yen)
For the fiscal year ended
March 31, 2020
TurnoverCost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of income of associates
Technical support fee
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Consumption taxes for prior periods
Real estate development maintenance and management
expenses
Donations
Other
Total non-operating expenses
Ordinary income
Extraordinary income
State subsidy
Gain on sales of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on sale of fixed assets
Loss on disposal of fixed assets
Loss on valuation of investment securities
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 fiscal year ended
March 31, 2021

35,051,886
29,225,302
5,826,584
4,015,233
1,811,351

30,446,551
24,941,434
5,505,117
3,775,051
1,730,065

4,723
119,477
616,090
43,455
4,532
96,331
884,610870
166,126
674,720
60,18815,164
102,096
1,019,168

28,248
7,775
5,020

12,895
―
5,682

3,539
9,014
53,5982,642,363

5,303
13,69437,576
2,711,657

1,440
75,02576,465

1,440
―
1,440

―
0
―
59,28959,2902,659,539
584,741(47,940)
536,800
2,122,739
17,442
2,105,296940
0
17,18139,45357,5742,655,522
564,606(27,287)
537,319
2,118,202(11,506)
2,129,709

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

Consolidated Statements of Comprehensive Income(Thousand yen)
For the fiscal year ended
March 31, 2020

For the fiscal year ended
March 31, 2021

2,122,739

2,118,202(393,803)(5,927)47,554(47,526)(399,703)
1,723,035

927,7703,702
249,126
52,226
1,232,825
3,351,028

1,705,592

3,362,534

17,442(11,506)

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

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(3) Consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31, 2020
(Thousand yen)
Shareholders’ equity
Share capital
Balance at beginning of current
period5,251,400

Share premium

Retained earnings

4,736,524

Treasury shares

23,126,662

Total shareholders’ equity(1,910,923)

31,203,663

Changes of items during period
Dividends of surplus(458,181)(458,181)

Profit attributable to owners ofparent company

2,105,296

2,105,296

Purchase of treasury shares
Disposal of treasury shares

16

Increase of treasury shares ofassociate company
Changes in scope of
consolidation
Change in ownership interestof parent due to transactions
with non-controllinginterests
Other changes of shareholders’equityTotal changes during current
periodBalance at end of current period(161,925)(161,925)

20

37

(292)

(292)

(57,958)(57,958)(48,093)5,251,400(48,093)(48,076)

1,589,155(162,196)

1,378,881

4,688,447

24,715,817(2,073,120)

32,582,545

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifference on
available-for-salesecurities

Difference inforeign exchange

Remeasurementsof defined benefit

Total accumulated
othercomprehensive
incomeNon-controllinginterests

Total net assets

665,198

233,208(267,057)

631,349

233,135

32,068,148

Changes of items during period
Dividends of surplus(458,181)

Profit attributable to owners ofparent company

2,105,296

Purchase of treasury shares(161,925)

Disposal of treasury shares

37

Increase of treasury shares ofassociate company(292)

Changes in scope of
consolidation
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Other changes of shareholders’equity(57,958)(48,093)(425,175)(5,927)31,399(399,703)

112,367(287,335)

Total changes during current
period(425,175)(5,927)31,399(399,703)

112,367

1,091,545

Balance at end of current period

240,023

227,280(235,658)

231,646

345,503

33,159,694

8

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

For the fiscal year ended March 31, 2021
(Thousand yen)
Shareholders’ equity
Share capital
Balance at beginning of current
period5,251,400

Share premium

Retained earnings

4,688,447

Treasury shares

24,715,817

Total shareholders’ equity(2,073,120)

32,582,545

Changes of items during period
Dividends of surplus(479,446)(479,446)

Profit attributable to owners ofparent company

2,129,709

2,129,709

Purchase of treasury shares
Disposal of treasury shares

84,927

Increase of treasury shares ofassociate company
Changes in scope of
consolidation
Change in ownership interestof parent due to transactions
with non-controllinginterests
Other changes of shareholders’equityTotal changes during current
periodBalance at end of current period

5,251,400(196,678)(196,678)

107,523

192,451(1,539)(1,539)84,9271,650,262(90,694)

1,644,495

4,773,375

26,366,080(2,163,815)

34,227,040

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifference on
available-for-salesecurities

Difference inforeign exchange

Remeasurementsof defined benefit

Total accumulated
othercomprehensive
incomeNon-controllinginterests

Total net assets

240,023

227,280(235,658)

231,646

345,503

33,159,694

Changes of items during period
Dividends of surplus(479,446)

Profit attributable to owners ofparent company

2,129,709

Purchase of treasury shares(196,678)

Disposal of treasury shares

192,451

Increase of treasury shares ofassociate company(1,539)Changes in scope of
consolidation
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Other changes of shareholders’equity973,816(6,518)265,527

1,232,825(16,366)

1,216,459

Total changes during current
period973,816(6,518)265,527

1,232,825(16,366)

2,860,955

Balance at end of current period

1,213,840

220,761

29,8691,464,471

329,137

36,020,649

9

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(4) Consolidated Statements of Cash Flows(Thousand yen)
For the fiscal year ended
March 31, 2020
Cash flows from operating activities
Profit before income taxes and minority interests
Depreciation
Increase (decrease) in provision for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for share based
remuneration for directors
Increase (decrease) in provision for directors’
retirement benefits
Increase (decrease) in provision for environmental
measuresInterest and dividend income
Interest expenses
Foreign exchange losses (gains)Share of (income) loss of associates
Loss (gain) on sales of fixed assets
Loss on disposal of fixed assets
State subsidy
Loss (gain) on sales of shares of subsidiaries andassociates
Loss (gain) on valuation of investment securities
Structure reform expenses
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 accrued consumption taxes
Increase (decrease) in other current liabilities
Decrease (increase) in other non-current assets
Increase (decrease) in other non-current liabilities
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities

10

For the fiscal year ended
March 31, 2021

2,659,539
670,017(31,066)(5,844)
108,942―2,655,522
634,248(72,941)(4,005)133,183
16,500(18,800)(2,310)(7,142)(1,514)(124,201)
28,24841,744(616,090)―
0(1,440)(75,025)(166,997)
12,895
7,154(674,720)
940
0(1,440)――59,289603,272

17,181―
3,092,463(504,812)
57,962(534,941)(131,764)(37,331)(2,044,242)

29,281(162,156)
9,257
14,5752,200,609
348,051(31,135)(757,086)
1,760,438

160,218
110,249―(7,858)3,695,428
411,852(12,891)(495,903)
3,598,486

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(Thousand yen)
For the fiscal year ended
March 31, 2020
Cash flows from investing activities
Payments into time deposits
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of fixed assets
Proceeds from sales of fixed assets
Proceeds from state subsidy
Proceeds from sales of shares of subsidiaries resulting
in change in the scope of consolidation
Purchase of investments in associated companies
Proceeds from sales of golf club memberships
Decrease (increase) in other investments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans
Purchase of treasury shares
Proceeds from sales of treasury shares
Cash dividends paid
Other payments
Net cash provided by (used in) financing activities
Net foreign exchange on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period

11

For the fiscal year ended
March 31, 2021

(2,059)(657,685)―(909,771)―
1,440
68,787―(418,839)
1(706,994)
1,647
1,440
―

(74,571)
2,700
74,911(1,496,248)――(39,749)(1,162,494)(320,964)(161,925)
37(458,127)(4,301)(945,280)
4,308(676,781)
11,010,749
10,333,968

14,140(196,678)
192,451(479,126)(4,249)(473,463)(10,813)
1,951,714
10,333,968
12,285,682

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(5) Notes to the Consolidated Financial Statements(Notes on going concern assumption)
No relevant items.
(Segment information, etc.)
1. Description of reportable segments
The Group’s reportable segments represent units for which discrete financial information is available. Regularreviews are also carried out by the Board of Directors for the purpose of determining the allocation of management
resources and evaluating business performance.
The Group comprises segments by type of products and services, with three reportable segments, namely
Foundations, Sewerage-related, and Solar Power Generation and Real Estate.
In Foundations, concrete piles are manufactured and sold, and pile driving work is carried out. In the Seweragerelated segment, Hume pipes, segments and other products are manufactured and sold, and pipe and drain
rehabilitation projects are carried out. In Solar Power Generation and Real Estate, real estate is rented, managed anddeveloped, and equipment related to solar power and the environment is sold and maintenance is provided for it.

2. Method for calculating turnover, income (loss), assets, liabilities and other items by reportable segment
The accounting methods for reported business segments are generally the same as those stated in “Basicsignificant matters for the preparation of consolidated financial statements.”
The reportable segment income is based on operating income. Inter-segment turnover and transfers are based on
current market prices.

12

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

3. Information on calculating turnover, income (loss), assets, liabilities and other items by reportable segment
For the fiscal year ended March 31, 2020 (April 1, 2019 to March 31, 2020)(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income
Segment assets
Other items
Depreciation
Increase inproperty, plant andequipment andintangible assets

Amountrecorded ontheAdjustments
consolidated(Note 2)
financialstatements(Note 3)

Foundations

Seweragerelated

Solar Power
Generation
and Real
EstateTotal

22,862,163

10,650,846

1,360,604

34,873,614

178,272

35,051,886―

35,051,886

6,544

―

39,24945,793―45,793(45,793)―

22,868,708
911,086
18,814,329

10,650,846
1,519,038
10,023,564

1,399,853
743,343
4,728,852

34,919,408
3,173,468
33,566,746

178,272
45,347259,715

35,097,680
3,218,815
33,826,461(45,793)(1,407,464)
15,152,395

35,051,886
1,811,351
48,978,857

278,061

133,402239,374

650,839

17,116

667,955

38,839706,795

216,695

55,448585,968

858,111265

858,377

31,477889,854

Others(Note 1)

Total

(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the sport facility
management business and the rental business.
2. Adjustments are as follows:(1) An adjustment to turnover of ¥(45,793) thousand is the elimination of inter-segment transactions.
(2) An adjustment to segment income of ¥(1,407,464) thousand is corporate expenses not allocated toreportable segments. Corporate expenses are general and administrative expenses not attributable toreportable segments.
(3) An adjustment to segment assets of ¥15,152,395 thousand is corporate assets not allocated to reportablesegments, comprising investment securities of ¥13,973,557 thousand and assets associated withadministration divisions, etc. of ¥1,178,838 thousand.
(4) The adjustment to the increase in property, plant and equipment and intangible assets of ¥31,477 thousandaccounts for capital expenditure for the head office building, etc.
3. Total segment income corresponds to operating income on the Consolidated Statements of Income.
4. Depreciation and increase in property, plant and equipment and intangible assets include long-term prepaid
expenses and the related amortization.

13

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

For the fiscal year ended March 31, 2021 (April 1, 2020 to March 31, 2021)(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income
Segment assets
Other items
Depreciation
Increase inproperty, plant andequipment andintangible assets

Amountrecorded ontheAdjustments
consolidated(Note 2)
financialstatements(Note 3)

Foundations

Seweragerelated

Solar Power
Generation
and Real
EstateTotal

17,816,470

11,111,410

1,461,809

30,389,690

56,86030,446,551―

30,446,551

7,489

―

38,673

46,162―

46,162(46,162)―

17,823,960
682,276
16,812,294

11,111,410
1,664,593
11,152,459

1,500,482
801,399
4,903,977

30,435,853
3,148,269
32,868,731

56,86044,865
21,97530,492,713
3,193,135
32,890,707(46,162)(1,463,070)
17,527,697

30,446,551
1,730,065
50,418,405

239,786

136,411

254,887

631,085108

631,193

50,355681,549

341,366

203,513336,382

881,262238

881,500

44,796926,296

Others(Note 1)

Total

(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the rental business.
2. Adjustments are as follows:(1) An adjustment to turnover of ¥(46,162) thousand is the elimination of inter-segment transactions.
(2) An adjustment to segment income of ¥(1,463,070) thousand is corporate expenses not allocated toreportable segments. Corporate expenses are general and administrative expenses not attributable toreportable segments.
(3) An adjustment to segment assets of ¥17,527,697 thousand is corporate assets not allocated to reportablesegments, comprising investment securities of ¥16,200,362 thousand and assets associated withadministration divisions, etc. of ¥1,327,334 thousand.
(4) The adjustment to the increase in property, plant and equipment and intangible assets of ¥44,796 thousandaccounts for capital expenditure for the head office building, etc.
3. Total segment income corresponds to operating income on the Consolidated Statements of Income.
4. Depreciation and increase in property, plant and equipment and intangible assets include long-term prepaid
expenses and the related amortization.

14

NIPPON HUME CORPORATION (5262), Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(Per share information)
For the fiscal year ended
March 31, 2020

For the fiscal year ended
March 31, 2021

Net assets per share¥1,342.50¥1,461.11

Earnings per share¥85.83¥87.17(Notes) 1. Diluted earnings per share is not presented due to the absence of residual shares.
2. In the fiscal year ended March 31, 2021, the Company introduced a Board Benefit Trust (BBT). In thecalculation of net assets per share and earnings per share, the Company's shares held by the trust areincluded in the treasury shares to be deducted in the calculation of the total number of issued shares atthe end of the period and the average number of shares during the period.
Number of treasury shares at the end of the period deducted in the calculation of net assets per share
Consolidated fiscal year ended March 31, 2020: 0 shares; Consolidated fiscal year ended March 31,
2021: 125,400 shares
Average number of treasury shares during the period deducted in the calculation of earnings per share
Consolidated fiscal year ended March 31, 2020: 0 shares; Consolidated fiscal year ended March 31,
2021: 83,600 shares

3. Basis for calculating earnings per share is as follows.
For the fiscal year ended
Items
March 31, 2020
Profit attributable to owners of parent company
2,105,296(Thousand yen)Amount not attributable to common shareholders―(Thousand yen)
Profit attributable to owners of parent company
2,105,296
relating to common stocks (Thousand yen)
Average number of common stocks during the24,527,583
period (Shares)

For the fiscal year ended
March 31, 2021
2,129,709―
2,129,709
24,430,907

4. Basis for calculating net assets per share is as follows.
Items

As of March 31, 2020

As of March 31, 2021

33,159,694

36,020,649

345,503329,137[345,503][329,137]

32,814,191

35,691,512

24,442,529

24,427,649

Total net assets (Thousand yen)Amount to be subtracted from the total net assets(Thousand yen)[Non-controlling interest of the above (Thousandyen)]
Net assets at year-end relating to common stocks(Thousand yen)
Number of common stocks at year-end used for
calculating earnings per share (Shares)(Significant subsequent events)
No relevant items.

15