Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Year Ended September 30, 2022

(Based on Japanese GAAP)

November 10, 2022

Company name:

NISHIO RENT ALL CO., LTD.

Stock exchange listing:

Tokyo

Stock code:

9699

URL https://www.nishio-rent.co.jp/

Representative:

PRESIDENT

MASASHI NISHIO

Inquiries:

Director, managing Administrative Divisions

KAZUO YOTSUMOTO

TEL 06-6251-7302

in Head Quarters.

Scheduled date of ordinary general meeting of shareholders:

December 20, 2022

Scheduled date to file Securities Report:

December 21, 2022

Scheduled date to commence dividend payments:

December 21, 2022

Preparation of supplementary material on financial results:

No

Holding of financial results meeting:

Yes

(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended September 30, 2022 (from October 1, 2021 to September 30, 2022)

(1) Consolidated operating results

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Year ended September 30, 2022

170,634

5.5

14,884

8.5

14,301

6.3

9,167

3.8

Year ended September 30, 2021

161,756

7.0

13,714

20.6

13,450

22.1

8,829

37.2

Earnings per share

Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

share

owners of

assets

sales

parent/equity

Yen

Yen

%

%

%

Year ended September 30, 2022

330.31

330.13

8.3

5.6

8.7

Year ended September 30, 2021

318.18

317.95

8.5

5.7

8.5

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of September 30, 2022

261,699

116,778

43.8

4,127.50

As of September 30, 2021

248,933

110,788

43.1

3,862.22

(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 period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Year ended September 30, 2022

21,321

(9,153)

(12,083)

47,485

Year ended September 30, 2021

21,598

(5,588)

(1,974)

47,370

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

dividends (Total)

ratio (Consolidated)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Year ended September 30, 2021

-

0.00

-

85.00

85.00

2,359

26.7

2.3

Year ended September 30, 2022

-

0.00

-

100.00

100.00

2,775

30.3

2.5

Year ending September 30, 2023

-

0.00

-

100.00

100.00

30.2

(Forecast)

1

3. Forecast of consolidated financial results for the year ending September 30, 2023 (from October 1, 2022 to September 30, 2023)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Six months ending

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

94,865

9.6

9,307

6.6

8,811

1.0

5,679

0.2

204.64

March 31, 2023

Full year

181,157

6.2

15,271

2.6

14,322

0.1

9,200

0.4

331.48

4. Notes

(1) Changes in significant subsidiaries during the year ended September 30, 2022

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2022

28,391,464

shares

As of September 30, 2021

28,391,464

shares

Number of treasury shares at the end of the period

As of September 30, 2022

636,916

shares

As of September 30, 2021

638,432

shares

Average number of shares during the period

Year ended September 30, 2022

27,754,114

shares

Year ended September 30, 2021

27,750,087

shares

2

Consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of September 30, 2021

As of September 30, 2022

Assets

Current assets

Cash and deposits

47,592

47,695

Notes and accounts receivable - trade

41,628

-

Notes and accounts receivable - trade, and contract assets

-

42,743

Investments in leases

24

19

Merchandise and finished goods

1,939

3,897

Work in process

1,568

897

Raw materials and supplies

1,372

1,467

Other

8,281

10,107

Allowance for doubtful accounts

(713)

(902)

Total current assets

101,693

105,927

Non-current assets

Property, plant and equipment

Assets for rent, net

79,707

82,229

Buildings and structures, net

12,735

13,225

Machinery, equipment and vehicles, net

2,220

2,265

Land

34,505

36,516

Leased assets, net

3,645

3,615

Construction in progress

1,768

5,205

Other, net

821

768

Total property, plant and equipment

135,403

143,825

Intangible assets

Goodwill

2,018

1,614

Other

1,994

1,933

Total intangible assets

4,012

3,547

Investments and other assets

Investment securities

2,015

2,148

Long-term loans receivable

212

12

Deferred tax assets

2,240

2,196

Other

3,666

4,356

Allowance for doubtful accounts

(310)

(314)

Total investments and other assets

7,823

8,399

Total non-current assets

147,240

155,771

Total assets

248,933

261,699

3

(Millions of yen)

As of September 30, 2021

As of September 30, 2022

Liabilities

Current liabilities

Notes and accounts payable - trade

21,308

22,465

Short-term borrowings

4,472

5,529

Current portion of long-term borrowings

7,235

8,951

Current portion of bonds payable

150

150

Lease liabilities

13,746

13,847

Income taxes payable

2,712

2,455

Provision for bonuses

2,316

2,419

Provision for bonuses for directors (and other officers)

139

143

Accounts payable - facilities

10,346

9,625

Other

10,810

10,713

Total current liabilities

73,239

76,301

Non-current liabilities

Bonds payable

975

825

Long-term borrowings

32,162

36,835

Lease liabilities

29,024

27,580

Deferred tax liabilities

285

629

Provision for retirement benefits for directors (and other

250

262

officers)

Retirement benefit liability

784

847

Asset retirement obligations

980

1,013

Other

444

624

Total non-current liabilities

64,906

68,619

Total liabilities

138,145

144,921

Net assets

Shareholders' equity

Share capital

8,100

8,100

Capital surplus

9,085

8,165

Retained earnings

91,704

98,512

Treasury shares

(1,907)

(1,903)

Total shareholders' equity

106,983

112,875

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

282

277

Deferred gains or losses on hedges

20

17

Foreign currency translation adjustment

(97)

1,386

Total accumulated other comprehensive income

205

1,681

Share acquisition rights

30

16

Non-controlling interests

3,569

2,204

Total net assets

110,788

116,778

Total liabilities and net assets

248,933

261,699

4

Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

(Millions of yen)

Fiscal year ended

Fiscal year ended

September 30, 2021

September 30, 2022

Net sales

Lease revenue

131,577

140,087

Net sales of merchandise and finished goods

30,178

30,547

Total net sales

161,756

170,634

Cost of sales

Cost of lease revenue

77,149

82,860

Cost of merchandise and finished goods sold

19,974

19,525

Total cost of sales

97,123

102,385

Gross profit

64,632

68,248

Selling, general and administrative expenses

Provision of allowance for doubtful accounts

174

193

Salaries and bonuses

19,782

20,328

Provision for bonuses

2,235

2,310

Provision for bonuses for directors (and other officers)

140

145

Retirement benefit expenses

560

640

Provision for retirement benefits for directors (and other

33

35

officers)

Depreciation

3,128

3,391

Insurance expenses

3,174

2,935

Rent expenses

5,744

6,013

Amortization of goodwill

692

674

Other

15,251

16,694

Total selling, general and administrative expenses

50,917

53,364

Operating profit

13,714

14,884

Non-operating income

Interest income

59

67

Dividend income

35

33

Insurance claim income

114

110

Foreign exchange gains

4

29

Gain on sale of scraps

84

87

Other

553

407

Total non-operating income

853

736

Non-operating expenses

Interest expenses

990

1,061

Tender offer related expenses

-

140

Other

127

117

Total non-operating expenses

1,118

1,319

Ordinary profit

13,450

14,301

Extraordinary income

Gain on sale of non-current assets

101

33

Gain on sale of investment securities

-

24

Total extraordinary income

101

58

5

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Nishio Rent All Co. Ltd. published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 05:41:00 UTC.