Consolidated Quarterly Financial Results
for the Nine Months Ended December 31, 2017
[Japanese GAAP]
February 14, 2018
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: Takamasa Ishii, Executive Officer and General Manager of Accounting Division
Phone: +81-3-3433-4111
Scheduled date of filing quarterly securities report: February 14, 2018
Scheduled date of commencing dividend payments: ―Preparation of supplementary briefing material on quarterly financial results: NoHolding of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2017
(April 1, 2017 to December 31, 2017)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toTurnover
Operating income
Ordinary income
owners of parent
company
Million yen%

Million yen%

Million yen%

Million yen

Nine months ended
26,45914.9
1,055(4.8)
1,482
5.8
1,088December 31, 2017
Nine months ended
23,023(6.7)
1,108 (16.4)
1,401 (16.5)
955
December 31, 2016
(Note) Comprehensive income: Nine months ended December 31, 2017: ¥1,594 million [(5.3)%]
Nine months ended December 31, 2016: ¥1,683 million [17.8%]

Nine months ended
December 31, 2017
Nine months ended
December 31, 2016

Earnings per share

Diluted earnings pershare

Yen

Yen

43.47

―

37.60―(2) Consolidated Financial Position
Total assets
Million yen

Net assets
Million yen

As of December 31,47,181
30,5992017
As of March 31,47,501
29,5582017(Reference) Equity: As of December 31, 2017: ¥30,385 million
As of March 31, 2017: ¥29,353 million

Equity ratio%

64.4
61.8%

13.9(27.5)

2. Dividends
Annual dividends
3rdYear-endquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

――――――

16.00

16.00

16.00

16.00

Fiscal year ended March 31, 2017
Fiscal year ending March 31, 2018
Fiscal year ending March 31, 2018
(Forecast)

Total(Note) Revision to the dividend forecast announced most recently: No
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2018
(April 1, 2017 to March 31, 2018)(% indicates changes from the previous corresponding period.)
Profit attributableEarningsTurnover
Operating income Ordinary income
to owners ofper shareparent company%

Million yen%

Yen

35,000
9.1
1,800
20.1
2,200
12.3
Full year(Note) Revision to the financial results forecast announced most recently: No

Million yen%

Million yen%

Million yen

1,600

15.6

63.57

* 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) Application of accounting procedures specific to preparation of consolidated quarterly financial statements: No(3) 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(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2017: 29,347,500 shares
As of March 31, 2017: 29,347,500 shares2) Total number of treasury shares at the end of the period
As of December 31, 2017: 4,383,406 shares
As of March 31, 2017: 4,179,180 shares
3) Average number of shares during the period
Nine months ended December 31, 2017: 25,046,181 shares
Nine months ended December 31, 2016: 25,413,228 shares* These quarterly financial results are not subject to quarterly review procedures.
* Explanation of the proper use of financial results forecast and other note
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 ofpublication 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. Qualitative Information on Quarterly
Financial Results for the Period under Review (3) Explanation of Consolidated Financial Results Forecast and Other
Forward-looking Information” on page 3 of the attachment.

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017

Table of Contents
1. Qualitative Information on Quarterly Financial Results for the Period under Review .................................. 2(1) Explanation of Operating Results ............................................................................................................... 2(2) Explanation of Financial Position .............................................................................................................. 3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information .......... 32. Consolidated Quarterly Financial Statements and Important Notes................................................................. 4(1) Consolidated Quarterly Balance Sheets ..................................................................................................... 4(2) Consolidated Quarterly Statements of Income and Comprehensive Income ............................................. 6(3) Notes to the Consolidated Quarterly Financial Statements ........................................................................ 8(Notes on going concern assumption) ........................................................................................................ 8(Notes in the case of significant changes in shareholders’ equity) ............................................................. 8(Segment information, etc.) ....................................................................................................................... 81

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
During the nine months ended December 31, 2017, the Japanese economy remained on a modest recovery
trend. Nonetheless, although signs of recovery have appeared mainly in the economies of some of the emerging
Asian nations, especially China, the sense of uncertainty over the future prospects for the economy cannot bedispelled.
In the concrete products industry in which the Company operates, demand for Hume pipes and pile productsslightly exceeded the level of demand for them in the same period of the previous fiscal year.
Under these circumstances, the Group has been working diligently to pursue stable profits and sustainablegrowth, which are the key objectives of the basic policy in “Evolution All Japan,” the Group’s medium-term
management plan, which is now in its final fiscal year.
In the nine months ended December 31, 2017, orders received for piles, Hume pipes, and other concrete
products, including precast products, and for construction were ¥25,934 million (up 15.4% year on year).
Turnover, including revenue from concrete products, construction, and real estate, was ¥26,459 million (up14.9% year on year).
As for profit and loss, operating income was ¥1,055 million (down 4.8% year on year), mainly because costof sales increased, ordinary income was ¥1,482 million (up 5.8% year on year), mainly because of equity inearnings of affiliates and dividend income, and profit attributable to owners of parent was ¥1,088 million (up13.9% year on year).
Segment results are as follows.
1) Concrete Products
Orders received were ¥14,012 million (up 14.5% year on year). Turnover was ¥13,849 million (up 12.6%year on year), mainly because of an increase in sales of precast products currently receiving focus. The segment
posted an operating loss of ¥31 million (in comparison with operating income of ¥362 million in the same
period of the previous fiscal year) because of investment made in manufacturing facilities and development ofproduction technologies with respect to segment products and precast products. This investment is expected tohelp improve profits going forward.
The total sales composition ratio was 52.3%.
2) Construction
Orders received were ¥11,779 million (up 16.7% year on year) and turnover was ¥11,424 million (up 19.6%
year on year), mainly because of increases in sales of piling work and sewage line-related work, and operating
income was ¥663 million (up 99.8% year on year), mainly because of effects of cost reductions.
The total sales composition ratio was 43.2%.
3) Real Estate Development
Turnover was ¥743 million (up 2.1% year on year), and operating income was ¥309 million (up 2.2% yearon year).
The total sales composition ratio was 2.8%.
4) Others
Orders received were ¥142 million (down 2.1% year on year), turnover, mainly for the solar power
generation business and the sport facility management business, was ¥442 million (up 0.2% year on year), andoperating income was ¥113 million (up 2.1% year on year).
The total sales composition ratio was 1.7%.

2NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017(2) Explanation of Financial Position
Total assets as of December 31, 2017, decreased by ¥319 million from the end of the previous fiscal year, to¥47,181 million. This was mainly because, under current assets, while cash and deposits and notes and accounts
receivable - trade decreased ¥999 million and ¥247 million, respectively, under non-current assets, investment
securities increased ¥818 million.
In addition, under liabilities, total liabilities decreased ¥1,360 million from the end of the previous fiscal
year, to ¥16,582 million. This was mainly because, under current liabilities, notes and accounts payable - trade,
and income taxes payable, decreased ¥1,047 million and ¥313 million, respectively.
Under net assets, total net assets increased ¥1,040 million from the end of the previous fiscal year, to¥30,599 million. This was mainly because, under retained earnings, while profit attributable to owners of parent
company increased ¥1,088 million, there was a decrease of ¥415 million for cash dividends paid, and valuationdifference on available-for-sale securities increased ¥463 million.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
Regarding the results forecast pertaining to the fiscal year ending March 31, 2018, there has been no change
to the full-year results forecast published in the “Consolidated Financial Results for the Fiscal Year Ended
March 31, 2017 [Japanese GAAP]” dated May 12, 2017.

3

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017

2. Consolidated Quarterly Financial Statements and Important Notes(1) Consolidated Quarterly Balance Sheets(Thousand yen)
As of March 31, 2017
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, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Provision for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Provision for directors’ retirement benefits
Provision for environmental measures
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities

4

As of December 31, 2017

8,892,925
13,711,307
2,026,699
476,714289,660(14,662)
25,382,645

7,893,113
13,463,437
2,324,266
510,438
310,789(17,113)
24,484,931

3,096,622
3,692,743
2,198,501
8,987,867
137,543

2,978,277
3,694,748
2,022,673
8,695,699
118,117

12,750,556
472,273(229,530)
12,993,299
22,118,709
47,501,354

13,569,403
518,417(204,933)
13,882,887
22,696,704
47,181,636

11,348,157
1,212,269
476,049
185,557
30,223
859,127
14,111,384

10,300,451
1,218,234
162,315――873,619
12,554,621

36,017
17,0142,612,372
1,165,780
3,831,184
17,942,569

36,017
17,014
2,677,420
1,297,057
4,027,509
16,582,130

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017

(Thousand yen)
As of March 31, 2017
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

5As of December 31, 2017

5,251,400
4,736,508
20,272,825(1,511,453)
28,749,280

5,251,400
4,736,524
20,946,124(1,649,716)
29,284,332

756,093
220,308(371,835)
604,565
204,938
29,558,785
47,501,354

1,219,270
212,735(331,107)
1,100,897
214,275
30,599,505
47,181,636

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017(2) Consolidated Quarterly Statements of Income and Comprehensive Income
Consolidated Quarterly Statements of Income
Nine Months Ended December 31(Thousand yen)
For the nine months ended
December 31, 2016
TurnoverCost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of income of associates
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Settlement package
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of fixed assets
Insurance income
State subsidy
Total extraordinary income
Extraordinary losses
Loss on disposal of fixed assets
Total extraordinary losses
Profit before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Profit after income taxes
Profit attributable to non-controlling interests
Profit attributable to owners of parent company

6

For the nine months ended
December 31, 2017

23,023,228
18,962,374
4,060,853
2,952,123
1,108,730

26,459,841
22,442,698
4,017,142
2,961,935
1,055,207

248
89,500274,377―
119,374
483,501

954
100,482
281,087
8,324
89,213480,062

15,342
155,451―
20,132
190,926
1,401,304

18,317―
12,00022,70453,021
1,482,247

383
―
1,424
1,807

2,406
5,167
1,440
9,014

0
0
1,403,112
419,163
19,055438,219964,8939,424
955,468

11
11
1,491,250
348,90344,375393,278
1,097,972
9,336
1,088,635

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017

Consolidated Quarterly Statements of Comprehensive Income
Nine Months Ended December 31(Thousand yen)
For the nine months ended
December 31, 2016
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 attributable to non-controllinginterests

7

For the nine months ended
December 31, 2017964,893

1,097,972

512,780
155,468
43,793
6,077
718,120
1,683,013

430,123(7,573)38,13635,645496,332
1,594,304

1,673,589

1,584,967

9,424

9,336

NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017(3) Notes to the Consolidated Quarterly Financial Statements(Notes on going concern assumption)
No relevant items.
(Notes in the case of significant changes in shareholders’ equity)
No relevant items.
(Segment information, etc.)
I. For the nine months ended December 31, 2016 (April 1, 2016 to December 31, 2016)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment incomeOthers(Note 1)

TotalAmountrecorded on
theConsolidated
Adjustments
QuarterlyStatements ofIncome(Note 2)Concrete
Products

Construction

Real Estate
Development

12,300,657

9,552,289

728,589

22,581,536

441,691

23,023,228―

23,023,228

9,825

―

31,916

41,742279

42,021(42,021)―

12,310,482
362,327

9,552,289
332,015

760,506
302,891

22,623,278
997,234

441,971
111,495

23,065,2491,108,730(42,021)―

23,023,228
1,108,730

Total(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the environmental
equipment sales business, the sport facility management business, the rental business, and the solar power
generation business.
2. Total segment income corresponds to operating income on the Consolidated Quarterly Statements of Income.

2. Information concerning impairment loss on non-current assets, goodwill, etc., by reportable segment
No relevant items.

8NIPPON HUME CORPORATION (5262), Consolidated Quarterly Financial Results for the Nine Months Ended December 31, 2017

II. For the nine months ended December 31, 2017 (April 1, 2017 to December 31, 2017)
1. Information on turnover and income (loss) by reportable segment(Thousand yen)
Reportable segment

TurnoverTurnover toexternal customers
Inter-segment
turnover ortransfers
Total
Segment income(loss)

Others(Note 1)

Total

Amountrecorded on
theConsolidated
Adjustments
QuarterlyStatements ofIncome(Note 2)Concrete
Products

Construction

Real EstateDevelopment

13,849,356

11,424,210

743,884

26,017,451

442,389

26,459,841―26,459,841

12,648―32,26044,909101

45,010(45,010)―

13,862,005

11,424,210

776,145

26,062,360

442,491

26,504,852(45,010)

26,459,841(31,569)

663,320309,653

941,405

113,801

1,055,207―

1,055,207

Total(Notes) 1. The “Others” segment includes businesses not included in reportable segments, such as the environmental
equipment sales business, the sport facility management business, the rental business, and the solar power
generation business.
2. Total segment income (loss) corresponds to operating income on the Consolidated Quarterly Statements ofIncome.

2. Information concerning impairment loss on non-current assets, goodwill, etc., by reportable segment
No relevant items.

9