Consolidated Financial Results (Japanese Accounting Standards)
for the First Half of Fiscal Year Ending March 31, 2016
Listed Company
Securities code
Representative

Nippon Manufacturing Service Corporation
2162
URL http://www.n-ms.co.jp/(Title)
President and CEO
General Manager of(Title)
Accounting and Finance
DivisionContact

Scheduled Date of Filing
Quarterly Securities Report

Listings:

November 13, 2015
Tokyo Stock Exchange(Name) Shin Nakamura

Telephone

03-5333-1711

Scheduled date ofcommencement ofdividend payment:－(Name) Fumiaki Ono

November 13, 2015

Supplementary Documents for Quarterly Financial Results: YesQuarterly 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 First half of Fiscal Year Ending March 31, 2016 (April 1, 2015 – September 30, 2015)(1) Consolidated results of operations (six months)(Percentages represent year-over-year changes)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
1H FY03/2016

32,04334.7890275.6944542.7

510516.4

1H FY03/2015

23,787

14.2

236－

146－

82－

(Note)
Comprehensive
income1H FY03/2016

501million yen (-%)

1H FY03/2015

Diluted net income
per share

Net income per share

1H FY03/2016

Yen
51.70

Yen
51.55

1H FY03/2015

8.50

8.38

(2) Consolidated financial position
Total assets
Million yen
1H FY03/2016
28,441
FY03/2015
27,703

Net assets
Million yen
5,963
5,065

(Reference)
Shareholders’ equity

1H FY03/2016

6million yen (-95.9%)

5,620million yen

Equity ratio%
19.8
17.1

FY03/2015

4,725million yen

2. Dividends
End of firstquarter
Yen

End of secondquarter
Yen

FY03/2015－

0.00

FY03/2016－

0.00

Dividends per share
End of thirdquarter
Yen

Annual

Yen

Yen－

5.00

5.00

－

7.00

7.00

FY03/2016 (forecast)

Note: Revision of the latest released dividend forecast: Yes－Year-end

1 －3. Consolidated forecasts for year ending March 2016 (April 1, 2015 to March 31, 2016)

Net sales

Full year

Millionyen
65,000Operating income%
32.0

Million
yen
1,500

%
203.8

(% shows change from previous term)
Profit attributable to Net income perOrdinary income
owners of parent
shareMillion
Million%%Yenyenyen
1,300
77.2
580
1.4
58.71

Note: Revision of the latest released business performance forecast: Yes－2 －* Notes(1) Changes in significant subsidiaries during the consolidated quarter (six months) under review (changes in subsidiaries
accompanying change in the scope of consolidation): None
(2) Application of accounting procedures specific to creation of quarterly consolidated financial statements: Yes(3) Changes in accounting principles and changes or restatement of accounting estimates(i) Changes in accounting principles associated with revision of accounting standards, etc.: Yes(ii) Changes in accounting principles other than (i): None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of shares outstanding (common shares):(1) Number of shares outstanding at end ofperiod (including treasury shares)

1H FY03/2016

10,805,500shares

FY03/2015

10,805,500shares(2) Number of treasury shares at end of period

1H FY03/2016

926,572shares

FY03/2015

2,008,000shares(3) Average number of shares outstanding
during the period

1H FY03/2016

9,878,676shares

1H FY03/2015

9,748,500shares* Statement relating to the execution status for the quarterly review proceduresThis quarterly financial summary falls outside the scope of the quarterly report review based on the stipulations of the Financial
Instruments and Exchange Act. The review procedures for the quarterly consolidated financial statements based on the stipulations of
the said Act were conducted at the time when this quarterly financial 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 inthe document, depending on various factors.

－3 －3. Quarterly consolidated financial statements(1) Quarterly consolidated balance sheet(Thousand yen)FY03/2015(March 31, 2015)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Other
Allowance 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 payable
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities－4 －1H FY03/2016(September 30, 2015)

3,993,209
11,223,826
1,627,783
521,690
3,536,447
774,434-3,376
21,674,016

3,431,934
12,139,815
1,423,152
570,351
3,683,235847,495-1,36522,094,620

1,786,301
2,547,731
4,334,033

1,786,301
2,786,880
4,573,182

581,958
581,958

571,491
571,491

1,126,024-12,969
1,113,054
6,029,045
27,703,061

1,215,204-12,969
1,202,234
6,346,908
28,441,528

5,554,435
9,435,763
1,891,854
334,836525,252
287,857
557,614
18,587,613

5,583,347
9,442,479
1,596,639
452,797
226,087
542,824
657,068
18,501,245

3,318,132
87,534
107,199477,319
59,7144,049,900
22,637,514

3,116,066
103,162
92,286
489,006
176,101
3,976,622
22,477,868

(Thousand yen)
FY03/2015(March 31, 2015)
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 adjustment
Total other accumulated comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets－5 －1H FY03/2016(September 30, 2015)

500,690
231,184
4,119,850-628,8164,222,908

500,690
400,621
4,586,429-290,216
5,197,524

71,774
430,960
502,735
3,675
336,227
5,065,547
27,703,061

133,695
289,047
422,7433,464
339,927
5,963,660
28,441,528

(2) Quarterly consolidated statements of income/quarterly consolidated statement of comprehensive income(Quarterly consolidated statements of income)(1H FY03/2016)(Thousand yen)
1H FY03/2015(From April 1, 2014
to September 30, 2014)
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
Dividend income
Foreign exchange gains
Real estate rent
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Rent cost of real estate
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Subsidies for employment adjustment
Gain on reversal of subscription rights to shares
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Plant relocation expenses
Overseas subsidiaries tax-related losses
Business structure reform expenses
Other
Total extraordinary losses
Income before income taxes
Income taxes
Net income
Profit (loss) attributable to owners of parent
Profit attributable to owners of parent－

6 －1H FY03/2016(From April 1, 2015
to September 30, 2015)

23,787,229
21,158,924
2,628,305

32,043,456
27,819,521
4,223,934

1,008,097
68,3001,314,926
2,391,324
236,981

1,087,697
225,674
2,020,406
3,333,777
890,156

2,580－36,138
20,73359,452

2,146
113,736
11,55424,927
152,365

21,242
84,744
14,54628,956
149,489
146,944

42,343
11,124
44,58098,048944,473

3,296
98
18,487
21,882

1,726
23,750－25,476

3,910
1,278
9,238
－
－
783
15,210153,616
72,056
81,560-1,29782,857344
0－31,33539,07337
70,792
899,158
313,307585,851
75,106
510,745(Quarterly consolidated statement of comprehensive income)(1H FY03/2016)(Thousand yen)
1H FY03/2015(From April 1, 2014
to September 30, 2014)
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests－7 －1H FY03/2016(From April 1, 2015
to September 30, 2015)

81,560585,851-22,473-52,403-74,877
6,683

65,407-150,212-84,804
501,046

13,273

430,753-6,59070,292

(3) Quarterly consolidated statement of cash flows(Thousand yen)
1H FY03/2015(From April 1, 2014
to September 30, 2014)
Cash flows from operating activities
Income before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors'
retirement benefits
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on sales of property, plant and equipment
Subsidies for employment adjustment
Leave allowance
Gain on reversal of subscription rights to shares
Plant relocation expenses
Overseas subsidiaries tax-related losses
Business structure reform expenses
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in accrued consumption taxes
Increase (decrease) in deposits received
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Income taxes refund
Subsidies for employment adjustment received
Leave allowance paid
Plant relocation expenses paid
Compensation expenses paid
Overseas subsidiaries tax-related losses paid
Net cash provided by (used in) operating activities－8 －1H FY03/2016(From April 1, 2015
to September 30, 2015)

153,616
282,782
149
153,531

899,158
277,571-2,010255,158

5,000-14,913-16,331-7,88821,242614-98
783-18,487
9,238－－

11,686-7,21942,343-1,381-23,750－－－
31,33539,073-956,657-964,077-68,186-28,411-142,718

14,056-56,283
29,877
227,120-8,15963,430-327,425
8,253-20,869-36,142
20,10898-783-9,238－－-365,998-200,663
87,013-306,779-20,491
42,411130,111
7,266-41,916-239,208－
23,750－－-144,875-10,051-274,924

(Thousand yen)
1H FY03/2015(From April 1, 2014
to September 30, 2014)
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments of loans receivableCollection of loans receivable
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from sales of treasury shares
Purchase of treasury shares
Cash dividends paid
Other
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period－

9 －1H FY03/2016(From April 1, 2015
to September 30, 2015)-24,854
52,667-227,083
15,988-8,364-646
1,839-25,688-216,142-91,792
30,168-381,182
1,951-5,071-57,280
1,472-26,840-528,575

1,817,530
800,000-284,398－-599,130-30,994-6,918
1,696,088

357,782
1,120,000-1,653,279
443,046-78-43,779-14,282
209,408-27,505-27,015

1,086,442
3,087,746
4,174,188-621,105
3,859,148
3,238,042