Consolidated Financial Results for the First Quarter of Fiscal Year Ending March 31, 2023 [PDF:151KB]

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

August 05, 2022

	Consolidated Financial Results
	for the Three Months Ended June 30, 2022
	(Under Japanese GAAP)
Company name:	NID Co., Ltd.
Listing:	Tokyo Stock Exchange
Securities code:	2349
URL:	https://www.nid.co.jp/
Representative:	Shuntaro Komori, President
Inquiries:	Hiroshi Kosuge, Director,Corporate Design Manager, Finance Manager
Telephone:	81-8-3-6221-6811

Scheduled date to file quarterly securities report:	August 05, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:	None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

June 30,2022

4,600

11.2

496

26.9

546

23.3

366

23.4

June 30,2021

4,137

△3.1

391

13.3

443

△0.6

296

△1.0

Note: Comprehensive income

For the three months ended June 30, 2022:

¥329 million

[△2.6%]

For the three months ended June 30, 2021:

¥337 million [△20.7%]

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

June 30,2022

32.97

－

June 30,2021

26.13

－

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

As of

Millions of yen

Millions of yen

%

June 30,2022

21,941

16,174

73.7

March 31,2022

21,904

16,101

73.5

Reference: Equity

As of June 30,2022:

¥16,174 million

As of March 31, 2022:

¥16,101 million

2. Cash dividends

			Annual dividends per share
		First quarter-end	Second quarter-end		Third quarter-end		Fiscal year-end	Total
		Yen	Yen		Yen		Yen	Yen
	Fiscal year ended	－	－		－		23.00	23.00
	March 31, 2022
	Fiscal year ending	－
	March 31, 2023
	Fiscal year ending						23.00	23.00
	March 31, 2023
	(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31,2023 (From April 1, 2022 to March 31, 2023)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Net income
		owners of parent	per share
Six months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
8,860	3.4	840	△11.1	910	△16.8	630	△12.6	56.73
September 30,2022
Full Year	18,700	2.5	2,100	△5.7	2,250	△8.8	1,540	△5.6	138.67

Note : Revisions to the latest projected consolidated results : None

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
3. Changes in accounting policies, changes in accounting estimates, and restatement
4. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
5. Number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares)

As of June 30,2022	13,109,490 shares
As of March 31, 2022	13,109,490 shares

(ii) Number of treasury shares at the end of the period

As of June 30,2022	2,003,759 shares
As of March 31, 2022	2,003,759 shares

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

Three months ended June 30,2022	11,105,731 shares
Three months ended June 30,2021	11,355,731 shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters
  All projections provided in this document are based on the most accurate information available at the time of this writing. However our actual results may differ from our projections due to various unforeseen reasons.

4. Consolidated Financial Statements

(1) Consolidated Balance Sheets

				(Thousand yen)
			As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	11,845,184	12,143,466
Notes receivable - trade	138,825	141,014
Accounts receivable - trade	3,149,350	2,478,940
Work in process	254,149	454,606
Other	81,250	87,154
Total current assets		15,468,759	15,305,182
Non-current assets
Property, plant and equipment	351,770	340,631
Intangible assets	161,591	151,782
Investments and other assets
Investment securities	4,560,544	4,763,644
Deferred tax assets	871,742	889,060
Guarantee deposits	345,739	345,626
Other		144,227	145,715
Total investments and other assets	5,922,253	6,144,047
Total non-current assets		6,435,615	6,636,462
Total assets			21,904,375	21,941,645

					(Thousand yen)
			As of March 31, 2022		As of June 30, 2022
Liabilities
Current liabilities
Accounts payable - trade	469,479	488,420
Short-term borrowings	－	360,000
Accounts payable - other	465,463	432,045
Income taxes payable	506,938	195,164
Accrued consumption taxes	217,248	291,006
Advances received	684	43,846
Provision for bonuses	922,888	479,696
Other		218,401	455,477
Total current liabilities	2,801,102	2,745,656
Non-current liabilities
Retirement benefit liability	2,448,765	2,469,355
Provision for retirement benefits for	496,750	503,299
directors (and other officers)
Asset retirement obligations	48,285	48,491
Other		8,294		－
Total non-current liabilities	3,002,095		3,021,145
Total liabilities		5,803,198	5,766,802
Net assets
Shareholders' equity
Share capital	653,352	653,352
Capital surplus	488,675	488,675
Retained earnings	15,805,353	15,916,078
Treasury shares		△1,587,655		△1,587,655
Total shareholders' equity	15,359,725	15,470,451
Accumulated other comprehensive income
Valuation difference on available-for-sale	728,413		692,765
securities
Remeasurements of defined benefit plans		13,037	11,626
Total accumulated other comprehensive income	741,451	704,391
Total net assets		16,101,177	16,174,842
Total liabilities and net assets		21,904,375	21,941,645