NIFCO INC.

7988
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Nifco : Summary of Consolidated Financial Results for First Half of Fiscal Year Ending March 31, 2021 -Highlight-

10/28/2020 | 01:25am

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

October 28, 2020

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

President & CEO: Toshiyuki Yamamoto

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

Shihanki-Hokokusho to be submitted on: November 11, 2020

Dividend disbursement to be started on: November 30, 2020

Highlight

Summary of Consolidated Financial Results

for First Half of Fiscal Year Ending March 31, 2021

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

1. Consolidated Financial Results for First Half of FY2020 (April 1 to September 30, 2020)

(1) Consolidated financial results

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

Net sales

Operating profit

Ordinary profit

Million yen

%

Million yen

%

Million yen

%

First Half FY2020

107,455

-26.1

6,528

-56.9

6,612

-54.8

First Half FY2019

145,315

4.2

15,139

4.1

14,638

-3.7

Note:

Comprehensive income: -932 million yen in First Half FY2020 (-113.4%),

6,968 million yen in First Half FY2019 (7.5%)

Profit attributable to

Profit attributable to owners of

Diluted profit attributable to

owners of parent

parent per share

owners of parent per share

Million yen

%

Yen

Yen

First Half FY2020

3,137

-67.7

30.85

First Half FY2019

9,699

-17.3

94.06

90.66

Note:

Diluted profit attributable to owners of parent per share of First Half FY2020 is not shown in the above table, as there are no

potential common shares with dilution effect.

(2) Consolidated financial position

Total assets

Net assets

Net assets ratio

Net assets per share

Million yen

Million yen

%

Yen

First Half FY2020

284,594

162,907

56.6

1,585.77

FY2019

304,184

168,786

54.8

1,630.57

Reference: Equity capital: 161,034 million yen in First Half FY2020, 166,658 million yen in FY2019

2. Dividends

Dividend per share

At end of first

At end of second

At end of third

At end of FY

FY

quarter

quarter

quarter

Yen

Yen

Yen

Yen

Yen

FY2019

31.00

31.00

62.00

FY2020

25.00

FY2020 (forecast)

25.00

50.00

Note:

Revision of the latest forecasts: Yes

3. Forecasts for FY2020 (April 1, 2020 to March 31, 2021)

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

Profit attributable to

Profit attributable

Net sales

Operating profit

Ordinary profit

to owners of

owners of parent

parent per share

Million

%

Million

%

Million

%

Million yen

%

Yen

yen

yen

yen

FY2020

240,000

-16.7

18,500

-37.8

18,200

-36.7

11,300

-38.3

111.20

Note:

Revision of the latest forecasts: Yes

- 1 -

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):

  1. Adoption of specific accounting policies for quarterly consolidated financial statement: Yes
  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):

Yes

3)

Changes in accounting estimates:

Yes

4)

Retrospective restatement:

None

  1. Number of shares outstanding (common stocks)
    1. Number of shares outstanding at end of the period (including treasury stocks): 107,508,954 in First Half FY2020; 107,508,954 in FY2019.
    2. Number of treasury stocks at end of the period: 5,959,433 in First Half FY2020; 5,300,563 in FY2019.
    3. Average number of shares outstanding during the period: 101,675,576 in First Half FY2020; 103,127,197 in First Half FY2019.

*Quarterly financial results reports are exempt from quarterly review conducted by certificated public accountants or an audit corporation.

  • 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 the First Half of FY2019 (April 1 to September 30, 2019)

(Unit: Millions of yen)

Reportable segments

Elimination

Industrial plastic parts

Bedding & furniture

Total

& corporate

Consolidated figures

& components

expenses

Net sales and segment profit (loss)

Net sales

(1) Sales to customers

132,183

13,131

145,315

-

145,315

(2) Inter-segment sales

-

-

-

-

-

Total

132,183

13,131

145,315

-

145,315

Segment profit (loss)

15,762

2,062

17,825

(2,686)

15,139

- For the First Half of FY2020 (April 1 to September 30, 2020)

(Unit: Millions of yen)

Reportable segments

Elimination

Industrial plastic parts

Bedding & furniture

Total

& corporate

Consolidated figures

& components

expenses

Net sales and segment profit (loss)

Net sales

(1) Sales to customers

96,100

11,354

107,455

-

107,455

(2) Inter-segment sales

-

-

-

-

-

Total

96,100

11,354

107,455

-

107,455

Segment profit (loss)

7,671

1,282

8,954

(2,425)

6,528

Since the first quarter of FY2020, the segment classification "Others" has been abolished. Purchasing on the accounts receivable and various service operations were consolidated into the "Industrial plastic parts & components" segment.

The segment information for the first half of FY 2019 has been prepared based on this new segmentation.

- 2 -

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Disclaimer

Nifco Inc. published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 06:24:04 UTC

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