Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Year Ended March 31, 2021

[Japanese GAAP]

Company name: NIPPON SYSTEMWARE CO., LTD.

May 10, 2021

Stock exchange listing: Tokyo

Code number: 9739

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

Representative: Shoji Tada

President (Representative Director)

Contact: Yuzuru Suka

Executive Corporate Officer and Member of the Board

Phone: 03-3770-1111

Scheduled date of Annual General Meeting of Shareholders: June 23, 2021

Scheduled date of commencing dividend payments: June 24, 2021

Scheduled date of filing annual securities report: June 23, 2021

Availability of supplementary briefing material on annual financial results: Yes

Schedule of annual financial results briefing session: No

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 01, 2020 to March 31, 2021)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Fiscal year ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

March 31, 2021

39,282

2.6

4,197

8.7

4,240

8.8

2,765

3.6

March 31, 2020

38,273

6.0

3,860

15.1

3,898

14.4

2,668

16.7

(Note) Comprehensive income:

Fiscal year ended March 31, 2021:

Fiscal year ended March 31, 2020:

¥

2,766 million

[

4.0%]

¥

2,661 million

[

16.1%]

Basic earnings per

Diluted earnings per

Rate of return on

Ordinary profit to

Operating profit to

share

share

equity

total assets ratio

net sales ratio

Fiscal year ended

Yen

Yen

%

%

%

March 31, 2021

185.59

-

12.3

13.4

10.7

March 31, 2020

179.08

-

13.2

13.3

10.1

(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2021: Fiscal year ended March 31, 2020:

(2) Consolidated Financial Position

  • - million
  • - million

Total assets

Net assets

Capital adequacy ratio

Net assets per share

As of

Million yen

Million yen

%

Yen

March 31, 2021

32,660

23,618

72.3

1,585.16

March 31, 2020

30,516

21,372

70.0

1,434.46

(Reference) Equity: As of

March 31, 2021:

¥

23,618 million

As of

March 31, 2020:

¥

21,372 million

(3) Consolidated Cash Flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents at the end

operating activities

investing activities

financing activities

of period

Fiscal year ended

Million yen

Million yen

Million yen

Million yen

March 31, 2021

1,998

(583)

(520)

12,383

March 31, 2020

3,887

(306)

(492)

11,488

2. Dividends

Annual dividends

Payout

Dividends

Total

to net

ratio

1st

2nd

3rd

Year-end

Total

dividends

assets

(consolidated)

quarter-end

quarter-end

quarter-end

(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

March 31, 2020

-

15.00

-

15.00

30.00

446

16.8

2.2

March 31, 2021

-

20.00

-

20.00

40.00

595

21.6

2.6

Fiscal year ending

March 31, 2022

-

20.00

-

20.00

40.00

20.2

(Forecast)

(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2021 :

Commemorative dividend

-

yen

Special dividend

-

yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 01, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Basic earnings per

owners of parent

share

Six months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

19,200

8.2

1,800

3.1

1,820

3.3

1,250

11.8

83.90

September 30, 2021

Full year

42,000

6.9

4,300

2.4

4,340

2.4

2,950

6.7

197.99

* Notes:

(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in

scope of consolidation):

No

New

-

(Company name:

)

Exclusion:

-

(Company name:

)

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: No
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No
  3. Total number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares):

March 31, 2021:

14,900,000

shares

March 31, 2020:

14,900,000

shares

2) Total number of treasury shares at the end of the period:

March 31, 2021:

437

shares

March 31, 2020:

395

shares

3) Average number of shares during the period:

Fiscal Year ended March 31, 2021:

14,899,565

shares

Fiscal Year ended March 31, 2020:

14,899,611

shares

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 01, 2020 to March 31, 2021)

(1) Non-consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Net income

Fiscal year ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

March 31, 2021

37,567

3.6

4,045

9.4

4,122

9.5

2,706

4.7

March 31, 2020

36,255

6.4

3,698

12.5

3,766

11.9

2,585

14.0

Basic earnings per share

Diluted earnings per share

Fiscal year ended

Yen

Yen

March 31, 2021

181.62

-

March 31, 2020

173.51

-

(2) Non-consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

Net assets per share

As of

Million yen

Million yen

%

Yen

March 31, 2021

31,896

23,176

72.7

1,555.50

March 31, 2020

29,796

20,985

70.4

1,408.45

(Reference) Equity: As of

March 31, 2021:

¥

23,176 million

As of

March 31, 2020:

¥

20,985 million

※This Consolidated Financial Report is not subject to audit procedures by certified public accountants or auditing firm.

※The consolidated financial results forecasts are based on information currently available to The Company and on certain assumption deemed to be reasonable. As a result of various facter that may arise in the future,actual results may deffer from the Company's forecast.

Consolidated Financial Statements

Consolidated Balance Sheets

(Million yen)

As of March 31,2020

As of March 31,2021

Assets

Current assets

Cash and deposits

11,488

12,383

Notes and accounts receivable - trade

8,844

9,651

Electronically recorded monetary claims -

94

111

operating

Merchandise

226

736

Work in process

837

731

Supplies

2

2

Other

321

362

Total current assets

21,815

23,980

Non-current assets

Property, plant and equipment

Buildings and structures, net

2,048

1,995

Tools, furniture and fixtures, net

328

302

Land

3,861

3,861

Other, net

3

10

Total property, plant and equipment

6,241

6,168

Intangible assets

Software

81

76

Other

36

25

Total intangible assets

117

101

Investments and other assets

Investment securities

31

40

Deferred tax assets

1,234

1,198

Other

1,089

1,183

Allowance for doubtful accounts

(12)

(12)

Total investments and other assets

2,341

2,409

Total non-current assets

8,701

8,680

Total assets

30,516

32,660

(Million yen)

As of March 31,2020

As of March 31,2021

Liabilities

Current liabilities

Accounts payable - trade

2,593

2,719

Income taxes payable

730

709

Accrued consumption taxes

548

464

Provision for bonuses

1,023

1,132

Provision for loss on construction contracts

221

19

Other

1,671

1,517

Total current liabilities

6,789

6,563

Non-current liabilities

Provision for retirement benefits for directors (and

2

2

other officers)

Retirement benefit liability

2,295

2,407

Other

57

69

Total non-current liabilities

2,354

2,478

Total liabilities

9,144

9,042

Net assets

Shareholders' equity

Share capital

5,500

5,500

Capital surplus

86

86

Retained earnings

15,786

18,030

Treasury shares

(0)

(0)

Total shareholders' equity

21,372

23,615

Accumulated other comprehensive income

Valuation difference on available-for-sale

3

10

securities

Foreign currency translation adjustment

9

10

Remeasurements of defined benefit plans

(12)

(18)

Total accumulated other comprehensive income

0

2

Total net assets

21,372

23,618

Total liabilities and net assets

30,516

32,660

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NSW - Nippon Systemware Co. Ltd. published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 08:12:08 UTC.