Nippon Ceramic : Jan 1, 2023 – Mar 31, 2023

Translation

May 12, 2023

Consolidated financial results for the three months ended March 31, 2023

〔Japan GAAP〕
Company name:	Nippon Ceramic Co., Ltd.
Exchange listed on:	First Section of the Tokyo Stock Exchange
Securities code:	6929
URL:	https://www.nicera.co.jp/
Representative:	Shinichi Taniguchi, President & CEO
Contact:	Kiyoshi Honjo, Executive Officer
	Accounting department
	TEL [phone]
Scheduled date to commence dividend payments:	-
Scheduled date of quarterly report submission:	May 15, 2023
Preparation of quarterly supplementary explanatory material:	No
Quarterly results briefing held:	Yes（for analysts）

(Amounts rounded down to the nearest millions of yen.)

1. Consolidated financial results for the three months ended March 31, 2023 (From January 1, 2023 to March 31, 2023)

(1) Consolidated operating results							(Y.O.Y changes represented by %)
									Net income
		Net sales		Operating income	Ordinary income	attributable to
									owners of parent
		¥ million		%	¥ million	%	¥ million	%	¥ million		%
	Three months ended March 31, 2023	5,801		13.1	1,047	20.0	1,172	11.7	981		6.1
	Three months ended March 31, 2022	5,129		3.0	872	(4.4)	1,050	(5.8)	925		18.8

	Note: Comprehensive income For the three months ended March 31, 2023	¥1,343 million［(31.5)%］
	For the three months ended March 31, 2022	¥1,961 million［15.7%］
		Net income per		Diluted net income
			share			per share
				¥			¥
	Three months ended March 31, 2023		41.61			-
	Three months ended March 31, 2022		37.07			-
(2) Consolidated financial positions
		Total assets			Net assets	Equity ratio
			¥ million			¥ million	%
	As of March 31, 2023		55,433			49,131	84.9
	As of December 31, 2022		59,003			50,869	82.7
	Reference: Equity As of March 31, 2023	¥47,078	million
	As of December 31, 2022	¥48,774	million

2.	Dividends
				Annual dividends
		End of Q1	End of Q2	End of Q3	End of Q4	Total
		¥	¥	¥	¥	¥
	Fiscal year 2022	-	0.00	-	125.00	125.00
	Fiscal year 2023	-
	Fiscal year 2023(expected)		0.00	-	100.00	100.00
	Note: Revision to the most recently disclosed dividend forecasts: No

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3. Consolidated earnings forecasts for the fiscal year 2023 (from January 1, 2023 to December 31, 2023)

(Y.O.Y changes represented by %)

									Net
	Net sales	Operating income	Ordinary income	Net income attributable	income
	to owners of parent	per
									share
	¥ million	%	¥ million	%	¥ million	%	¥ million	%	¥
First half	12,200	11.1	2,330	18.8	2,530	(0.3)	1,800	(42.9)	76.29
Full year	24,800	6.6	4,800	14.9	5,300	7.1	3,750	(25.3)	158.93

Note: Revision to the most recently disclosed consolidated earnings forecasts: No

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