NIKKON : 2024.11.29Financial Results for the First Half of the FIscal Year Ending March 31,2025

(Millions of yen)

Category

1H of FY ended

1H of FY ending

YoY

Achievement

Mar. 2024

Mar. 2025

rate of the plan

売上高

11.1%

108,327

120,361

100.3%

Net sales

Cost of sales売上原価

92,179

101,252

9.8%

ー

General and一administrative般管理費 expenses

5,828

7,716

32.4%

ー

営業利益

10,319

11,393

10.4%

104.5%

Operating profit

1,611

1,301

-19.2%

ー

営業外収益

Non-operating income

159

1,897

ー

ー

営業外費用

Non-operating expenses

11,770

10,797

-8.3%

93.0%

経常利益

Ordinary profit

35

88

151.4%

ー

特別利益

Extraordinary income

12

4

-66.7%

ー

特別損失

Extraordinary losses

税Profit金等before調整前income中間taxes純利益

11,794

10,880

-7.7%

ー

法人税等

3,812

4,343

13.9%

Income taxes

Profit attributable to owners of

7,981

6,536

-18.1%

83.7%

parent

親会社に帰属する中間純利益

Net sales

Increased following the recovery of existing business and due to

the effects of M&A activities

Operating profit

Increased reflecting the effect of the growth of sales and the

continued cost reduction efforts despite the ongoing increase of

the cost of fuel and expenses

Ordinary profit and profit

Decreased mainly due to foreign exchange loss

3

Assets

FY2024/3

1H FY2025/3 Changes

Liabilities

FY2024/3

1H FY2025/3 Changes

流動資産

87,981

81,748

-6,233

流動負債

59,366

66,706

7,340

Current assets

Current liabilities

Cash and deposits

43,847

32,068

-11,779

Notes and accounts payable -

17,948

18,303

355

現金及び預金

支払債務

Accounts receivable,

trade

39,169

40,382

1,213

Short-term borrowings and

12,025

17,706

5,681

売掛債権・棚卸資産等

短期借入金・社債

inventories and others

bonds

その他

4,965

9,298

4,333

リース債務

37

118

81

Other

Lease obligations

有形固定資産

254,064

264,071

10,007

未払法人税

4,002

4,266

264

Property, plant and equipment

Income taxes payable

建物・構築物

115,109

114,258

-851

賞与引当金

4,557

4,697

140

Buildings and structures

Provision for bonuses

Machinery, equipment and

8,713

12,144

3,431

Provision for directors'

218

110

-108

機械装置及び運搬具

役員賞与引当金

vehicles

bonuses

Tools, furniture and fixtures

1,847

1,930

83

Electronically recorded

4,405

7,203

2,798

工具、器具及び備品

営業外電子記録債務

土地

120,058

120,493

435

その他

16,174

14,303

-1,871

Lands

Other

リース資産

111

287

176

固定負債

82,634

91,073

8,439

Lease assets

Non-current liabilities

Construction in progress

8,222

14,957

6,735

Long-term borrowings and

67,034

77,113

10,079

建設仮勘定

⾧期借入金・社債

無形固定資産

2,498

17,759

15,261

繰延税金負債

8,571

6,856

-1,715

Intangible assets

Deferred tax liabilities

のれん

2

15,079

15,077

退職給付債務

4,940

4,940

0

Goodwill

Retirement benefit obligations

その他

2,496

2,680

184

その他

2,089

2,164

75

Other

Other

投資等

43,901

38,838

-5,063

純資産

246,445

244,637

-1,808

Investments, etc.

Net assets

投資有価証券

32,990

27,778

-5,212

株主資本

221,322

221,395

73

Investment securities

Shareholders' equity

Deferred tax assets

3,669

3,810

141

Total accumulated other

24,616

22,279

-2,337

繰延税金資産

その他包括利益累計額

comprehensive income

退職給付に係る資産

502

540

38

新株予約権

161

152

-9

Retirement benefit asset

Share acquisition rights

その他

6,740

6,710

-30

非支配株主持分

344

809

465

Other

Non-controlling interests

資産合計

388,446

402,417

13,971

負債・純資産合計

388,446

402,417

13,971

Total assets

Total liabilities and net assets

Intangible assets

Goodwill increased following an M&A deal involving a US car carrier

transport service company.

Investment securities in investments and other assets

The market valuation of stock owned decreased.

Short-term borrowings and bonds in current liabilities

Redemption of debt fell 10,000 million yen.

Short-term borrowings increased 15,000 million yen.

4

Long-term borrowings and bonds payable in non-current liabilities

Bonds worth 10,000 million yen were issued.

(Millions of yen)

1H 2024/3

1H 2025/3

Net sales by industry

Change

Net sales

Proportion (%)

Net sales

Proportion (%)

(%)

Other 19.0%

Automobile

42,858

39.6%

47,286

10.3%

39.3%

自動車

Newspapers

自動車部品

16,379

15.1%

19,549

16.2%

and

19.4%

publications 2.0%

Auto-Parts

住宅

13,709

12.7%

13,807

11.5%

Industrial

Automobile

0.7%

Machinery2.3%

Housing

39.3%

タイヤ

4,936

4.6%

5,134

4.0%

4.3%

Food and

2.3%

beverages

Tires

Agricultural Machinery

3,758

3.5%

3,758

0.0%

3.1%

AgriculturalMachinery

3.1%

農業機械

4.3% Housing

Food食品and・飲beverages料

2,808

2.6%

2,795

-0.5%

2.3%

Tires

11.5%

産業機械

2,531

2.3%

2,768

2.3%

Auto-Parts

Industrial Machinery

9.4%

16.2%

Newspapers and

2,316

2.1%

2,350

1.5%

2.0%

新聞・出版物

publications

その他

19,028

17.6%

22,909

19.0%

Other

20.4%

Net sales by region

合計

108,324

100.0%

120,361

100.0%

Total

11.1%

Asia

 Net Sales by Region

North 7.4%

1H 2024/3

1H 2025/3

(Millions of

America

Operating

Change

Operating

Change

Profit

10.4%

yen)

Net sales

Profit ratio

Net sales

profit

(%)

profit

(%)

ratio

日本

92,180

9,051

9.8%

98,969

7.4%

10,745

18.7%

10.9%

Japan

North

7,592

612

8.1%

12,474

64.3%

446

-27.1%

3.6%

Japan

北米

America

82.2%

アジア

8,554

685

8.0%

8,917

4.2%

609

-11.1%

6.8%

Asia

全事業合計

108,324

10,319

9.5%

120,361

11.1%

11,393

10.4%

9.5%

Total

6

* Profit rates reflect adjustment to figures after elimination of intra-group transactions.

(Millions of yen)

(Millions of yen)

28,344

28,280

1st year

2nd year

30,000

25,914

of the Plan

of the Plan

25,000

22,226

23,139

23,000

20,000

16,548

15,000

10,000

5,000

12,515

0

2019/3

2020/3

2021/3

2022/3

2023/3

2024/3

2025/3

Capital investments details

Amount (Millions of yen)

Descriptions

Operating Fleets

1,785

164 units (Additional trucks or replacements)

Buildings and Lands

2,771

Warehouses, etc.

Other

8,666

Construction in progress

Total

13,223

Construction in progress

-708

(portion included in capital investment

for the previous fiscal year)

Capital investment in the first half

12,515