NICHIDAI : Summary of Consolidated Financial Results for the 1st Quarter Ended June 30, 2017

NICHIDAI CORPORATION

Summary of Consolidated Financial Results for the 1st Quarter Ended June 30, 2017

August 1, 2017

Company name: NICHIDAI CORPORATION Listed Stock Exchange: Tokyo Securities Exchange

Code number: 6467 (URL http://www.nichidai.jp)

Company Representative: Motonobu Furuya, President & CEO Corporate officer

Contact Information: Takayoshi Yamane, Corporate officer Headquarters General Manager TEL [phone] Reporting date of financial statements: August 10, 2017 Commencement date of dividend payment: -

(Rounded down to the nearest million yen.)

1. Consolidated Financial Results for the 1st Quarter Ended June 30, 2017 (From April 1, 2017 to June 30, 2017)

2. Consolidated Operating Results (Total)

   (% indicates changes in net sales compared with preceding same period.)

   Net sales		Operating Income		Ordinary Income		Net income Attributable to Owners of the Parent
   For the 1st Quarter	Millions of Yen	％	Millions of Yen	％	Millions of Yen	％	Millions of Yen 107 △45	％ ― ―
   Ended Jun. 30, 2017	3,773	11.9	187	269.9	191	935.5
   Ended Jun. 30, 2016	3,373	△11.2	50	△81.1	18	△93.2

   (Attn.) Comprehensive income FY 2018 for the 1st Quarter 142 million yen ( - ％) FY 2017 for the 1st Quarter △176million yen ( - ％)

   EPS		Adjusted EP	S
   For the 1st Quarter	Yen	Sen	Yen ― ―	Sen
   Ended Jun. 30, 2017	11	82
   Ended Jun. 30, 2016	△5	05

3. Consolidated Financial Position

Total Assets	Net Assets	Shareholders' Equity Ratio
Ended Jun. 30, 2017	Millions of Yen	Millions of Yen	％
	16,290	10,627	59.3
FY 2017	15,961	10,577	60.4

(Ref.) Shareholders' Equity FY 2018 for the 1st Quarter 9,665 million yen FY 2017 9,640 million yen

4. Dividends

   Dividends per Share
   End of 1st Quarter		End of 2nd Quarter		End of 3rd Quarter		Year En	d	Full Year
   FY 2017	Yen	Sen	Yen	Sen	Yen	Sen	Yen	Sen	Yen	Sen
   	―		10	00	―		10	00	20	00
   FY 2018	―
   FY2018 (Forecast)	8	00	―		8	00	16	00

   (Note) Change made in forecast of dividends: None

5. Consolidated Forecast for the Year Ending March 2018 (From April 1, 2017 to March 31, 2018)

   (% indicates changes in net sales, operating income, etc compared with preceding same period.)

   Net sales		Operating Income		Ordinary Income		Net income Attributable to Owners of the Parent		EPS
   The second	Millions ofYen	％	Millions ofYen	％	Millions ofYen	％	Millions ofYen 170 440	％ 162.2 3.6	Yen	Sen
   quarter total	7,200	6.0	300	70.9	290	132.0			18	78
   Full Year	14,700	3.9	740	15.3	720	11.8			48	61

   (Note) Change made in Consolidated Forecast: No

6. Others

1. Changes of important subsidiaries during the period (changes in specified subsidiaries that involve changes in the scope of consolidation) N/A

2. Adoption of any simplified way of accounting method or any accounting procedure specific to the preparation of quarterly financial statements: N/A

3. Changes in accounting principle, procedure or method associated with preparing the consolidated of quarterly financial results

   ① Changes resulting from revision of accounting policy N/A

   ② Changes other than ① N/A

   ③ Accounting estimation changes N/A

   ④ Retrospective restatement N/A

4. Number of outstanding shares (ordinary shares)

① Number of outstanding shares at the end of the term (including treasury stocks) Ended Jun. 30, 2017 9,053,300 shares FY 2017 9,053,300 shares

② Number of treasury stocks at the end of the term

Ended Jun. 30, 2017 2,015shares FY 2017 2,015 shares

③Average number of outstanding shares during the period

Ended Jun. 30, 2017 9,051,285 shares Ended Jun. 30, 2016 9,051,297 shares

※Explanation regarding appropriate use of business forecasts and other special instructions

The above forecasts of operating results are based on the information available at the time this document was released, and actual operating results may differ from these forecasts due to various factors.