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 Nine Months Ended June 30, 2023 (Based on Japanese GAAP)

August 4, 2023

Company name:

NISSEI ASB MACHINE CO., LTD.

Stock exchange listing:

Tokyo

Stock code:

6284

URL https://www.nisseiasb.co.jp

Representative:

Representative Director, President and COO

Junichi Miyasaka

Inquiries:

General Manager Finance Accounting

Yuichi Yamamoto

TEL 0267-23-1560

Scheduled date to file Quarterly Securities Report:

August 10, 2023

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

No

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended June 30, 2023 (from October 1, 2022 to June 30, 2023)

(1) Consolidated operating results (cumulative)

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

%

Nine months ended June 30, 2023

24,121

4.9

5,167

21.8

4,802

(30.5)

3,392

(32.9)

Nine months ended June 30, 2022

22,988

(16.0)

4,243

(41.8)

6,915

(13.4)

5,054

(11.4)

Earnings per share

Diluted earnings per share

Yen

Yen

Nine months ended June 30, 2023

226.27

-

Nine months ended June 30, 2022

337.17

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2023

69,537

48,323

69.4

As of September 30, 2022

68,956

45,903

66.5

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen

Yen

Yen

Yen

Year ended September 30, 2022

-

0.00

-

100.00

Year ending September 30, 2023

-

0.00

-

Year ending September 30, 2023

120.00

(Forecast)

Total

Yen 100.00

120.00

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

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

34,000

12.3

6,500

17.0

7,000

(21.6)

5,000

(18.4)

333.52

1

4. Notes

  1. Changes in significant subsidiaries during the nine months ended June 30, 2023 (changes in specified subsidiaries resulting in the change in scope of consolidation):
  2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) 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

(4) Number of issued shares (common shares)

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

As of June 30, 2023

15,348,720

shares

As of September 30, 2022

15,348,720

shares

Number of treasury shares at the end of the period

As of June 30, 2023

357,391

shares

As of September 30, 2022

357,308

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Nine months ended June 30, 2023

14,991,360

shares

Nine months ended June 30, 2022

14,991,463

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of September 30, 2022

As of June 30, 2023

Assets

Current assets

Cash and deposits

19,188

21,365

Notes and accounts receivable - trade

6,687

6,296

Merchandise and finished goods

2,471

2,459

Work in process

9,135

8,717

Raw materials and supplies

9,389

9,272

Other

1,485

1,614

Allowance for doubtful accounts

(60)

(72)

Total current assets

48,296

49,653

Non-current assets

Property, plant and equipment

Buildings and structures, net

5,665

5,478

Machinery, equipment and vehicles, net

6,466

6,285

Land

1,980

1,988

Other, net

4,323

3,907

Total property, plant and equipment

18,436

17,659

Intangible assets

111

96

Investments and other assets

Investment securities

277

386

Other

1,959

1,865

Allowance for doubtful accounts

(124)

(124)

Total investments and other assets

2,112

2,127

Total non-current assets

20,659

19,884

Total assets

68,956

69,537

3

(Millions of yen)

As of September 30, 2022

As of June 30, 2023

Liabilities

Current liabilities

Notes and accounts payable - trade

1,685

2,056

Short-term borrowings

1,805

1,493

Income taxes payable

1,704

235

Contract liabilities

4,038

4,414

Provision for bonuses

643

710

Provision for bonuses for directors (and other officers)

53

29

Other

1,923

2,118

Total current liabilities

11,854

11,058

Non-current liabilities

Long-term borrowings

9,105

7,985

Provision for retirement benefits for directors (and other

534

562

officers)

Retirement benefit liability

833

837

Other

725

770

Total non-current liabilities

11,198

10,155

Total liabilities

23,053

21,214

Net assets

Shareholders' equity

Share capital

3,860

3,860

Capital surplus

3,196

3,196

Retained earnings

38,098

39,991

Treasury shares

(301)

(301)

Total shareholders' equity

44,854

46,747

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

52

142

Foreign currency translation adjustment

979

1,412

Remeasurements of defined benefit plans

(20)

(18)

Total accumulated other comprehensive income

1,010

1,536

Non-controlling interests

37

39

Total net assets

45,903

48,323

Total liabilities and net assets

68,956

69,537

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Millions of yen)

Nine months ended

Nine months ended

June 30, 2022

June 30, 2023

Net sales

22,988

24,121

Cost of sales

12,878

12,779

Gross profit

10,110

11,341

Selling, general and administrative expenses

5,866

6,174

Operating profit

4,243

5,167

Non-operating income

Interest income

120

184

Dividend income

8

9

Foreign exchange gains

2,497

-

Commission income

-

106

Other

107

51

Total non-operating income

2,734

353

Non-operating expenses

Interest expenses

30

23

Foreign exchange losses

-

487

Litigation expenses

9

116

Other

22

90

Total non-operating expenses

63

717

Ordinary profit

6,915

4,802

Profit before income taxes

6,915

4,802

Income taxes - current

1,687

1,308

Income taxes - deferred

167

103

Total income taxes

1,854

1,411

Profit

5,060

3,391

Profit (loss) attributable to non-controlling interests

5

(1)

Profit attributable to owners of parent

5,054

3,392

5

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Nissei ASB Machine Co. Ltd. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 08:32:09 UTC.