Consolidated Financial Results (Japanese Accounting Standards)
for the Fiscal Year Ending March 31, 2018
May 14, 2018
Listings: Tokyo Stock Exchange
Listed Company nms Holdings Corporation (nms HD)
Securities code2162
URL http://www.n-ms.co.jp/
Representative(Title)
President and CEO(Name) Fumiaki Ono
Contact(Title)
General Manager, Corporate Division (Name) Toshiko Kono
Telephone 03-5333-1711
Scheduled date of ordinary shareholders’ meeting:June 27, 2018
Scheduled date for filing of annual securities report:
June 27, 2018
Scheduled date of commencement of dividend payment:
June 28, 2018
Supplementary documents for financial results:
Yes
Financial results briefing:
Yes (for institutional investors and analysts)(Amounts in millions of yen rounded down to the nearest million yen)
1. Consolidated Financial Results for the Fiscal Year Ending March 31, 2018 (April 1, 2017 – March 31, 2018)(Percentages represent year-over-year changes)(1) Consolidated results of operations
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
FY03/2018

54,172

(0.7)

1,292

32.6

1,506168.0

1,188

140.9

FY03/2017

54,581(12.2)

974(49.8)561(58.4)

493

31.5

Note: Comprehensive income

FY03/2018

1,398 million yen(490.1%)

FY03/2017(236) million yen(-%)

Net income pershare

Diluted net income
per share

Return on equity

Ratio of ordinary
income to total assets

Ratio of operating
income to net sales

FY03/2018

Yen
69.28

Yen
69.28％
22.8％
5.9％
2.4

FY03/2017

25.26

25.25

10.1

2.2

1.8

Reference: Share of (profit) loss of entities accounted for using equity method
FY03/2018 － million yenFY03/2017 － million yen
Note: Conducted stock split which shall split of common stock at a ratio of 1:2 as the effective date of March 1,2018. For net income per share anddiluted net income per share ,calculated based on the assumption that the stock split was conducted at the beginning of the previous consolidated
fiscal year.

(2) Consolidated financial position
Total assets

Net assets

Million yen
26,49624,559FY03/2018
FY03/2017

Equity ratio

Million yen
6,150
4,960

Net assets per share%
21.8
18.9

Yen
336.76269.97

Reference: Shareholders’ equityFY03/2018 5,779 million yen
FY03/2017 4,633 million yen
Note: Conducted stock split which shall split of common stock at a ratio of 1:2 as the effective date of March 1,2018. For net assets per
share ,calculated based on the assumption that the stock split was conducted at the beginning of the previous consolidated fiscal year.

(3) State of consolidated cash flows
Cash flows from operating Cash flows from investing Cash flows from financing Cash and cash equivalents
activities
activities
activities
at end of fiscal year
Million yen
Million yen
Million yen
Million yenFY03/2018
2,266(87)(1,133)4,449
FY03/2017
1,595(417)
(469)
3,253
2. Dividends

End of thirdquarter

Year-end

AnnualRatio ofTotal dividends Payout ratio dividends to net(annual)(consolidated) assets(consolidated)

Million yen
60
77

Dividend per share
End of firstquarter

FY03/2017
FY03/2018
FY03/2019(forecast)End of second
quarter

Yen
－－－－

Yen
0. 00
0. 00

Yen－－－－

Yen
7. 00
4. 50

Yen
7. 00
4. 50

－－

0. 00

－－

5. 00

5. 00

％％

13.9
6.5

1.3
1.5

7.8Note: Conducted stock split which shall split of common stock at a ratio of 1:2 as the effective date of March 1,2018. Cash dividends per share
forecasted at the consolidated financial forecast of the fiscal year ending March,2017 is referring the amount before the stock split.
(Note) The annual dividend for the year ended March 31, 2018 comprises an ordinary dividend of 3.50 yen and a commemorative dividend of 1.00 yen.
The annual dividend for the year ended March 31, 2017 comprises an ordinary dividend of 5.00 yen and a commemorative dividend of 2.00 yen.

－ 1 －3. Consolidated forecasts for year ending March 2019 (April 1, 2018 to March 31, 2019)(% shows the year-on-year change)

Net sales
Million yen

InterimFull year

28,50061,000Operating income% Million yen
5.8
400
12.6
1,300

Profit attributable toowners of parent% Million yen%(17.1)
350(38.7)
2.9
1,100(7.5)

Ordinary income% Million yen(33.0)
500
0.6
1,550

* Notes(1) Changes of important subsidiaries during the period(changes of specific subsidiaries in accordance with changes in the scope of consolidation):(2) Changes in accounting principles and changes or restatement of accounting estimates(i) Changes in accounting principles associated with revision of accounting standards, etc.:(ii) Changes in accounting principles other than (i):None(iii) Changes in accounting estimates:None(iv) Restatement:
None(3) Number of shares outstanding (common shares):(1) Number of shares outstanding at end ofperiod (including treasury shares)

Net income pershare
Yen
20.39
64.10

No

None

FY03/2018

21,611,000shares

FY03/2017

21,611,000shares(2) Number of treasury shares at end of period

FY03/2018

4,449,726shares

FY03/2017

4,449,544shares(3) Average number of shares outstanding during
the term

FY03/2018

17,161,319shares

FY03/2017

19,540,634shares

Note: Conducted stock split which shall split of common stock at a ratio of 1:2 as the effective date of March 1,2018. For number ofshares,calculated based on the assumption that the stock split was conducted at the beginning of the previous consolidated fiscal year.

(Reference) Summary of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2018 (April 1, 2017 to March 31, 2018)(1) Non-consolidated operating results(% shows change from previous term)
Net sales
Operating income
Ordinary income
Net income
Million yen%
Million yen%
Million yen%
Million yen%
FY03/2018
605(95.4)
121(59.9)
113
13.2
115
－
FY03/201713,2295.2
303
77.3
100202.4(5)－
Net income per share
FY03/2018
FY03/2017

Yen
6.74(0.27)

Diluted net income
per share
Yen
6.74－Note: Conducted stock split which shall split of common stock at a ratio of 1:2 as the effective date of March 1,2018. For net income per share anddiluted net income per share ,calculated based on the assumption that the stock split was conducted at the beginning of the previous consolidated
fiscal year.

(2) Non-consolidated financial position
Total assets
Million yen
FY03/2018
8,956
FY03/2017
8,606

Net assets
Million yen
781
726

Equity ratio
%
8.7
8.4

Net assets per shareYen
45.56
42.32

Reference: Shareholders’ equity
FY03/2018
781million yen
FY03/2017
726million yen
Note: Conducted stock split which shall split of common stock at a ratio of 1:2 as the effective date of March 1,2018. For net assets per
share ,calculated based on the assumption that the stock split was conducted at the beginning of the previous consolidated fiscal year.

* Statement relating to the execution status for audit proceduresThis financial summary falls outside the scope of audit procedures based on the stipulations of the Financial Instruments andExchange Act. The audit procedures for financial statements based on the stipulations of said Act were not completed at the time thisfinancial summary was disclosed.
* Explanations and other special notes concerning the appropriate use of business performance forecasts(Notes concerning the forward-looking statements)
The results forecasts and forward-looking statements included in this document are based on information that the Company has
obtained and certain assumptions that the Company considers reasonable. The Company makes no guarantees with respect to theachievement of its results forecasts or forward-looking statements. Actual results might be significantly different from the forecasts
in the document, depending on various factors.
(Availability of the supplementary documents for financial results)
The Company plans to hold a results briefing for institutional investors and analysts on Thursday, May 18, 2018.
The supplementary materials on financial results delivered in the briefing will be disclosed at TDnet immediately after the briefing－2 －4. Consolidated financial statements(1) Consolidated balance sheet
FY03/2017(March 31,2017)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
OthersAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, netTotal property, plant and equipment
Intangible assets
Other
Total intangible assets
Investment and other assets
Other
Allowance for doubtful accounts
Total investments and other accounts
Total non-current assets
Total assets
Liability
Current liability
Notes and accounts payable - trade
Short-term loans payable
Accounts payable - other
Income tax payable
Accrued consumption taxes
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liability
Provision for directors’ retirement benefits
Non defined benefit liabilities
Other
Total non-current liabilities
Total liabilities

3,655,507
9,093,721
1,135,329
439,969
3,158,808
831,514(6,676)18,308,174

4,537,266
10,062,001
983,567
517,5933,537,620
1,029,658(1,649)20,666,058

1,084,959
3,112,443
4,197,404

1,048,201
3,457,019
4,505,220

526,656
526,656

503,570
503,570

1,536,631(9,444)
1,527,189
6,251,250
24,559,425

831,228(9,444)
821,784
5,830,575
26,496,633

3,427,983
8,868,006
1,801,804
155,759
230,479
351,830
1,043,653
15,879,518

4,319,685
4,795,478
1,529,491
470,527
687,596
409,872
1,377,701
13,590,355

2,796,816
74,159105,290425,033
318,234
3,719,533
19,599,052

5,840,178
72,101－
430,418
412,832
6,755,531
20,345,886

FY03/2017(March 31,2017)
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Other accumulated comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustmentTotal other accumulated comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets－ 3 －(Thousand yen)
FY03/2018(March 31,2018)(Thousand yen)
FY03/2018(March 31,2018)

500,690415,679
4,875,592(909,753)
4,882,208

500,690415,679
5,856,772(909,838)
5,863,302

118,859(367,915)(249,056)－
327,220
4,960,373
24,559,425

572(84,669)(84,096)－
371,540
6,150,747
26,496,633

(2) Consolidated statements of income/quarterly consolidated statement of comprehensive income(Consolidated statements of income) (FY03/2018)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and bonuses
Provision for bonuses
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Real estate rent
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Rent cost of real estate
Foreign withholding tax
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assetsSubsidies for employment adjustment
OtherTotal extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Leave allowance
Loss on liquidation of subsidiaries
Business structure reform expenses
Organization restructuring expenses
Head office relocation expenses
Office relocation expenses
Other
Total extraordinary losses
Income before income taxes
Income taxes
Net income/loss ( - )Profit attributable to owners of parent
Profit/Loss ( - ) attributable to owners of parent(Consolidated statement of comprehensive income)

FY03/2017(From April 1, 2016
to March 31, 2017)
54,581,103
47,487,083
7,094,020(Thousand yen)
FY03/2018(From April 1, 2017
to March 31, 2018)
54,172,349
46,377,996
7,794,353

2,148,865
151,7823,819,155
6,119,804
974,216

2,262,374
174,631
4,065,333
6,502,345
1,292,008

25,922
5,054
14,261
67,191
112,429

22,561
4,531
31,873
409,688468,655

78,521
257,271
3,738
15,983
169,265524,780
561,865

129,769
22,66026,551
7,525
68,115
254,621
1,506,041

622,4427,215
2,809632,466

60,701－
161,747
222,448

369
6,735
6,258
180,966
24,78329,53947,887－43,435339,976
854,356
316,966
537,389
43,879493,510438
15,413－33,080－－－15,446－64,3781,664,111
439,650
1,224,461
35,517
1,188,944(Thousand yen)

(FY03/2018)

Net income/loss ( - )Other comprehensive income/loss ( - )Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income/loss ( - )Comprehensive income/loss ( - )Comprehensive income attributable toComprehensive income/loss ( - ) attributable to owners of parent
Comprehensive income/loss ( - ) attributable to non-controlling interests－4 －FY03/2017(From April 1, 2016
to March 31, 2017)537,389

FY03/2018(From April 1, 2017
to March 31, 2018)
1,224,461

20,934(321,392)(300,457)
236,931(124,946)
298,671
173,725
1,398,186

204,932
31,9981,353,904
44,281