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

Corporate Name: Nifco Inc. (URL: https://www.nifco.com/en/)	May 13, 2021
Stock Exchange: TSE 1st section; Code Number: 7988
President & COO: Masaharu Shibao
Inquiries to: Junji Honda, Executive Managing Officer & CFO ([phone])
Ordinary general meeting of shareholders to be held on: June 24, 2021
Dividend disbursement to be started on: June 25, 2021
Yuka Shoken Hokokusho to be submitted on: June 24, 2021
		Highlight

Summary of Consolidated Financial Results

for Fiscal Year Ending March 31, 2021

								(These figures are rounded down to the nearest million yen.)
1. Consolidated Financial Results for FY2020 (April 1, 2020 to March 31, 2021)
(1) Consolidated financial results						(The percentages denote year-on-year change.)
		Net sales			Operating income		Ordinary income		Profit attributable to
						owners of parent
	Million yen	%		Million yen	%		Million yen	%		Million yen	%
FY2020	256,078		-11.1	27,695		-6.9			29,535	2.7	18,402		0.4
FY2019		288,012		-0.3		29,737		3.1			28,765		-0.0		18,321		-11.7
Note: Comprehensive income:	17,511 million yen in FY2020(3.5%), 16,923 million yen in FY2019(14.3%)
	Profit attributable		Diluted profit
		attributable to	Return on equity	Ordinary income / Operating income /
	to owners of
	owners of parent per	(ROE)		Total assets		Net sales
	parent per share
			share
		Yen			Yen		%		%	%
FY2020	181.09			―		10.7			9.7		10.8
FY2019	177.87		171.43		11.3			9.8		10.3
Note: Diluted profit attributable to owners of parent per share of 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
FY2020	307,127				178,649				57.5				1,737.80
FY2019	304,184				168,786				54.8				1,630.57
Reference: Equity capital:	176,472 million yen in FY2020,	166,658 million yen in FY2019
(3) Consolidated cash flows
	Cash flows from		Cash flows from		Cash flows from		Cash and cash equivalents
	operating activities		investing activities		financing activities		at end of the period
		Million yen			Million yen		Million yen		Million yen
FY2020			39,922				-12,570				-20,273				95,744
FY2019				35,829				-21,617				1,040				88,552

2. Dividends

		Dividend per share				Total amount	Payout ratio		Ratio of dividends
	At end of	At end of	At end of	At end of	FY		of dividends	(consolidated		to net assets
	first quarter	second quarter	third quarter	FY		(annual)	basis)		(consolidated basis)
	Yen	Yen	Yen	Yen	Yen		Million yen	%	%
FY2019	―	31.00	―	31.00	62.00	6,361	34.9	3.9
FY2020	―	25.00	―	28.00	53.00	5,382	29.3	3.1
FY2021	―	31.00	―	31.00	62.00			30.0
(forecast)

3. Forecasts for FY2021 (April 1, 2021 to March 31, 2022)		(The percentages denote year-on-year change.)
									Profit attributable to	Profit attributable
	Net sales		Operating income	Ordinary income		to owners of
			owners of parent
									parent per share
	Million yen	%	Million yen	%	Million yen	%		Million yen	%	Yen
FY2019	280,000		9.3	32,000	15.5	31,700	7.3		21,000	14.1	206.80

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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. 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)
2. 1. Number of shares outstanding at end of the period (including treasury stocks):107,508,954 in FY2020; 107,508,954 in FY2019
   2. Number of treasury stocks at end of the period: 5,959,585 in FY2020; 5,300,563 in FY2019
   3. Average number of shares outstanding during the period: 101,617,357 in FY2020; 103,006,564 in FY2019

*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 FY2019 (April 1, 2019 to March 31, 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	260,773	27,239	288,012	-	288,012
(2) Inter-segment sales	-	-	-	-	-
Total	260,773	27,239	288,012	-	288,012
Segment profit (loss)	30,813	4,363	35,176	(5,439)	29,737

- For FY2020 (April 1, 2020 to March 31, 2021)		(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	230,745	25,333	256,078	-	256,078
(2) Inter-segment sales	-	-	-	-	-
Total	230,745	25,333	256,078	-	256,078
Segment profit (loss)	28,946	4,145	33,091	(5,396)	27,695

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 FY 2019 has been prepared based on this new segmentation.

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