Corporate Name: Nifco Inc. (URL:https://www.nifco.com/en/)

May 11, 2018

Stock Exchange: TSE 1st section; Code Number: 7988

President & CEO: Toshiyuki Yamamoto

Inquiries to: Junji Honda, Executive Managing Officer & CFO (+81-3-5476-4853)

Ordinary general meeting of shareholders to be held on: June 22, 2018

Dividend disbursement to be started on: June 25, 2018

Yuka Shoken Hokokusho to be submitted on: June 22, 2018

Highlight

Summary of Consolidated Financial Results for Fiscal Year Ending March 31, 2018

(These figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for FY2017 (April 1, 2017 to March 31, 2018)

(1) Consolidated financial results

(The percentages denote year-on-year change.)Net sales Million yenOperating incomeOrdinary incomeProfit attributable to owners of parent

%Million yen

%Million yenFY2017

FY2016

271,302 259,439

4.6 -2.4

30,900 29,813

3.7 8.1

30,380 28,431

%

Million yen

21,198

4.1

20,364

14.8

%

6.9 7.8

Note: Comprehensive income:

25,964 million yen in FY2017(80.3%),14,403 million yen in FY2016(23.7%)

Profit attributable to owners of parent per share

Diluted profit attributable to owners of parent per share

Return on equity

(ROE)

Ordinary income /

Total assets

Operating income /

Net sales

Yen

Yen

%

%

%

FY2017

FY2016

208.19 200.71

194.60 187.18

14.9 16.2

10.7 10.0

11.4 11.5

Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Profit attributable to owners of parent per share and Diluted profit attributable to owners of parent per share have been calculated as if this stock split had taken place at the beginning of the previous fiscal year.

(2) Consolidated financial position

Total assets

Net assets

Net assets ratio

Net assets per share

Million yen

Million yen

%

Yen

FY2017

FY2016

279,108 291,120

157,361 133,532

55.4 44.9

1,484.19 1,283.72

Reference: Equity capital: 154,607 million yen in FY2017 , 130,637 million yen in FY2016

Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Net assets per share have been calculated as if this stock split had taken place at the beginning of the previous fiscal year.

(3) Consolidated cash flows

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Cash and cash equivalents at end of the period

Million yen

Million yen

Million yen

Million yen

FY2017

FY2016

28,042 36,720

-17,425 800

-31,112 -8,532

60,663 79,937

2. Dividends

Dividend per share

Total amount of dividends (annual)

Payout ratio (consolidated basis)

Ratio of dividends to net assets (consolidated basis)

At end of first quarter

At end of second quarter

At end of third quarter

At end of

FY

FY

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

FY2016

FY2017

― ―

50.00 60.00

― ―

70.00 64.00

120.00 124.00

6,097 6,386

29.9 29.8

4.8 4.5

FY2018 (forecast)

31.00

31.00

62.00

29.6

Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Dividend per share for FY2016 and FY 2017 are the actual amount before the stock split. FY2018 (forecast) is the forecast amount after the stock split.

3. Forecasts for FY2018 (April 1, 2018 to March 31, 2019)

(The percentages denote year-on-year change.)

Net sales

Operating income

Ordinary income

Profit attributable to owners of parent

Profit attributable to owners of parent per share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

FY2018

275,000

1.4

31,300

1.3

30,600

0.7

21,800

2.8

209.27

Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Profit attributable to owners of parent per share forecast has been calculated based on the number of shares outstanding (excluding treasury shares) after the stock split.

4. Others

  • (1) Changes in principal subsidiaries during the fiscal year (changes in specific subsidiaries, which involve changes in the scope of consolidation): None

    New consolidation: -company (company name): - Exclusion: -company (company name ):-

  • (2) Changes in the principles and procedures of accounting concerning the preparation of consolidated financial statements and in the methods of presentation, etc. (stated in "Changes in Significant Accounting Policies for Preparing Consolidated Financial Statements")

    1) Changes following the revision of accounting standards, etc.:

    None

    2) Changes other than 1):

    None

    3) Changes in accounting estimates:

    None

    4) Retrospective restatement:

    None

    (3)

    Number of shares outstanding (common stocks)

    • 1) Number of shares outstanding at end of the period (including treasury stocks):107,508,954 in FY2017; 107,508,954 in FY2016

    • 2) Number of treasury stocks at end of the period: 3,338,967 in FY2017; 5,744,006 in FY2016

    • 3) Number of average shares outstanding during the period: 101,825,241 in FY2017; 101,464,906 in FY2016

    Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Number of shares outstanding (common stocks) has been calculated as if this stock split had taken place at the beginning of the previous fiscal year.

*This financial summary is not subject to audit procedures based on the Financial Instruments and Exchange Act. At the time of this disclosure, the audit procedures for the consolidated financial statements have not been completed.

* Proper use of forecasts and other special instructions

Forward-looking statements or projections included in this document, including earnings projections, are based on currently available information and certain premises that are judged to be rational at the time of this writing. Actual results may differ greatly from the forecast figures depending on various factors.

(Consolidated Financial Statements)

Segment Information

[Business segment information]

- For FY2016 (April 1, 2016 to March 31, 2017)

(Unit: Millions of yen)

Reportable segments

Others

Total

Elimination & corporate expenses

Consolidated figures

Industrial plastic parts & components

Bedding & furniture

Total

Net sales and segment profit (loss) Net sales

  • (1) Sales to customers

  • (2) Inter-segment sales

233,260 67

23,593 0

256,853 67

2,586 138

259,439 205

- (205)

259,439 -

Total

233,327

23,593

256,921

2,724

259,645

(205)

259,439

Segment profit (loss)

32,338

3,558

35,896

8

35,905

(6,092)

29,813

(Unit: Millions of yen)

- For FY2017 (April 1, 2017 to March 31, 2018)

Reportable segments

Others

Total

Elimination & corporate expenses

Consolidated figures

Industrial plastic parts & components

Bedding & furniture

Total

Net sales and segment profit (loss) Net sales

  • (1) Sales to customers

  • (2) Inter-segment sales

246,046 59

25,121 0

271,168 59

133 117

271,302 177

- (177)

271,302 -

Total

246,106

25,121

271,228

251

271,479

(177)

271,302

Segment profit (loss)

32,454

3,854

36,308

78

36,387

(5,486)

30,900

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Nifco Inc. published this content on 11 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 May 2018 08:17:04 UTC