NIKKON : 2025.02.10［Delayed］Summary of Consolidated Financial Results for the Nine Months Ended December 31,2024

Published February 10, 2025 at 5:59 a.m. UTC

Source: MarketScreener

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2024 (Based on Japanese GAAP)

				February 7, 2025
Company name:	NIKKON Holdings Co., Ltd.
Stock exchange listing:	Tokyo
Stock code:	9072	URL https://www.nikkon-hd.co.jp
Representative:	President & Representative Director	Masakatsu Kuroiwa
Inquiries:	Director and Managing Executive Officer	Yasunori Matsuda	TEL 03-3541-5330
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on financial results:	No
Holding of financial results meeting:		No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended December 31, 2024 (from April 1, 2024 to December 31, 2024)

(1) Consolidated operating results (cumulative)				Percentages indicate year-on-year changes
	Net sales		Operating profit	Ordinary profit		Profit attributable to
			owners of parent

	Millions of yen	%	Millions of yen	%	Millions of yen		%	Millions of yen	%
Nine months ended December 31, 2024	184,962	11.1	18,045	12.8	18,972		5.1	12,398	0.9
Nine months ended December 31, 2023	166,551	4.9	15,997	10.5	18,049		9.0	12,288	7.9

	Earnings per share	Diluted earnings per share
		Yen			Yen
Nine months ended December 31, 2024		99.67			91.75
Nine months ended December 31, 2023		96.26			96.09
(2) Consolidated financial position
	Total assets			Net assets	Equity ratio
	Millions of yen		Millions of yen		%
As of December 31, 2024	405,862			238,702		58.6
As of March 31, 2024	388,446			246,445		63.3
2. Cash dividends
				Annual dividends per share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end
	Yen			Yen		Yen	Yen
Year ended March 31, 2024	-			50.00		-	55.00
Year ending March 31, 2025	-			54.00		-
Year ending March 31, 2025 (Forecast)							27.00

Total

Yen 105.00

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit		Profit attributable to	Earnings per share
			owners of parent

	Millions of yen	%	Millions of yen	%	Millions of yen		%	Millions of yen	%	Yen
Full year	250,000	12.4	24,000	13.0	25,300		6.0	17,000	2.4	137.64

4. Notes
(1)	Significant changes in the scope of consolidation during the nine months ended December 31, 2024:	Yes
(2)	Application of special accounting methods for preparing quarterly consolidated financial statements:	Yes
(3)	Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
	Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
	Changes in accounting policies due to other reasons:		No
	Changes in accounting estimates:			No
	Restatement of prior period financial statements:		No
(4)	Number of issued shares (common shares)
	Total number of issued shares at the end of the period (including treasury shares)
		As of December 31, 2024	126,479,784 shares	As of March 31, 2024		126,479,784 shares
	Number of treasury shares at the end of the period
		As of December 31, 2024	5,594,304 shares	As of March 31, 2024		352,446 shares
	Average number of shares during the period (cumulative from the beginning of the fiscal year)
		Nine months ended December 31, 2024	124,390,213 shares	Nine months ended December 31, 2023	127,658,784 shares

Quarterly consolidated financial statements

Consolidated balance sheets

		(Millions of yen)
	As of March 31, 2024	As of December 31, 2024
Assets
Current assets
Cash and deposits	43,847	28,391
Notes and accounts receivable - trade	32,610	36,799
Electronically recorded monetary claims - operating	5,946	6,227
Securities	-	4,998
Raw materials and supplies	614	938
Other	4,991	4,727
Allowance for doubtful accounts	(29)	(27)
Total current assets	87,981	82,054
Non-current assets
Property, plant and equipment
Buildings and structures, net	115,109	113,470
Machinery, equipment and vehicles, net	8,713	11,680
Tools, furniture and fixtures, net	1,847	1,919
Land	120,058	121,228
Leased assets, net	111	284
Construction in progress	8,222	19,948
Other	-	132
Total property, plant and equipment	254,064	268,664
Intangible assets
Goodwill	2	12,902
Other	2,496	2,816
Total intangible assets	2,498	15,718
Investments and other assets
Investment securities	32,990	28,300
Long-term loans receivable	241	114
Deferred tax assets	3,669	3,888
Other	6,529	6,593
Retirement benefit asset	502	559
Allowance for doubtful accounts	(31)	(33)
Total investments and other assets	43,901	39,424
Total non-current assets	300,464	323,808
Total assets	388,446	405,862

		(Millions of yen)
	As of March 31, 2024	As of December 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade	10,615	11,359
Electronically recorded obligations - operating	7,333	7,906
Short-term borrowings	2,025	2,624
Current portion of bonds payable	10,000	10,000
Lease liabilities	37	107
Income taxes payable	4,002	2,942
Provision for bonuses	4,557	2,522
Provision for bonuses for directors (and other officers)	218	163
Notes payable - facilities	324	328
Electronically recorded obligations - non-operating	4,405	7,059
Other	15,845	19,216
Total current liabilities	59,366	64,230
Non-current liabilities
Bonds payable	40,000	40,000
Convertible-bond-type bonds with share acquisition rights	-	22,109
Long-term borrowings	27,034	26,375
Lease liabilities	84	204
Deferred tax liabilities	8,571	7,110
Retirement benefit liability	4,940	4,989
Provision for retirement benefits for directors (and other	466	443
officers)

Other provisions	20	12
Other	1,517	1,683
Total non-current liabilities	82,634	102,929
Total liabilities	142,001	167,160
Net assets
Shareholders' equity
Share capital	11,316	11,316
Capital surplus	12,332	12,332
Retained earnings	198,226	203,787
Treasury shares	(552)	(10,543)
Total shareholders' equity	221,322	216,893
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	17,477	14,056
Foreign currency translation adjustment	6,289	6,053
Remeasurements of defined benefit plans	849	695
Total accumulated other comprehensive income	24,616	20,805
Share acquisition rights	161	152
Non-controlling interests	344	850
Total net assets	246,445	238,702
Total liabilities and net assets	388,446	405,862

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

		(Millions of yen)
	Nine months ended	Nine months ended
	December 31, 2023	December 31, 2024
Net sales	166,551	184,962
Cost of sales	141,853	155,428
Gross profit	24,698	29,534
Selling, general and administrative expenses	8,700	11,489
Operating profit	15,997	18,045
Non-operating income
Interest income	146	142
Dividend income	867	1,083
Rental income	55	59
Share of profit of entities accounted for using equity method	459	392
Foreign exchange gains	114	-
Miscellaneous income	673	484
Total non-operating income	2,317	2,162
Non-operating expenses
Interest expenses	195	343
Foreign exchange losses	-	571
Bond issuance costs	-	187
Miscellaneous expenses	69	131
Total non-operating expenses	264	1,235
Ordinary profit	18,049	18,972
Extraordinary income
Gain on sale of non-current assets	51	100
Gain on sale of investment securities	-	30
Total extraordinary income	51	130
Extraordinary losses
Loss on sale of non-current assets	3	11
Loss on retirement of non-current assets	126	0
Total extraordinary losses	129	11
Profit before income taxes	17,971	19,091
Income taxes	5,668	6,348
Profit	12,303	12,742
Profit attributable to non-controlling interests	14	344
Profit attributable to owners of parent	12,288	12,398

Consolidated statements of comprehensive income (cumulative)

		(Millions of yen)
	Nine months ended	Nine months ended
	December 31, 2023	December 31, 2024
Profit	12,303	12,742
Other comprehensive income
Valuation difference on available-for-sale securities	3,041	(3,421)
Foreign currency translation adjustment	1,533	(338)
Remeasurements of defined benefit plans, net of tax	30	(154)
Share of other comprehensive income of entities accounted	137	59
for using equity method

Total other comprehensive income	4,742	(3,854)
Comprehensive income	17,045	8,888
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	17,024	8,587
Comprehensive income attributable to non-controlling	20	300
interests