NICHIDAI : Summary of Consolidated Financial Results for the 1st Quarter Ended June 30, 2016

NICHIDAI CORPORATION

Summary of Consolidated Financial Results for the 1st Quarter Ended June 30, 2016

August 1, 2016

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, 2016 Commencement date of dividend payment: -

(Rounded down to the nearest million yen.)

1. Consolidated Financial Results for the 1st Quarter Ended June 30, 2016 (From April 1, 2016 to June 30, 2016)

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 △45 186	％ ― △17.0
   Ended Jun. 30, 2016	3,373	△11.2	50	△81.1	18	△93.2
   Ended Jun. 30, 2015	3,799	0.9	267	△21.7	269	△20.1

   (Attn.) Comprehensive income FY 2017 for the 1st Quarter △176 million yen ( - ％) FY 2016 for the 1st Quarter 269million yen ( 25.7 ％)

   EPS		Adjusted EP	S
   For the 1st Quarter	Yen	Sen	Yen ― ―	Sen
   Ended Jun. 30, 2016	△5	05
   Ended Jun. 30, 2015	20	59

3. Consolidated Financial Position

Total Assets	Net Assets	Shareholders' Equity Ratio
Ended Jun. 30, 2016	Millions of Yen	Millions of Yen	％
	15,590	10,059	58.7
FY 2016	15,725	10,326	59.8

(Ref.) Shareholders' Equity FY 2017 for the 1st Quarter 9,159 million yen FY 2016 9,398 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 2016	Yen	Sen	Yen	Sen	Yen	Sen	Yen	Sen	Yen	Sen
   	―		10	00	―		10	00	20	00
   FY 2017	―
   FY2017 (Forecast)	10	00	―		10	00	20	00

   (Note) Change made in forecast of dividends: None

5. Consolidated Forecast for the Year Ending March 2017 (From April 1, 2016 to March 31, 2017)

   (% 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	％	Yen	Sen
   quarter total	6,760	△5.7	310	△29.8	305	△28.5	195	△31.7	21	54
   Full Year	14,000	△1.9	885	6.9	870	13.6	575	18.4	63	53

   (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 Yes

   ③ Accounting estimation changes Yes

   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, 2016 9,053,300 shares FY 2016 9,053,300 shares

② Number of treasury stocks at the end of the term

Ended Jun. 30, 2016 2,003shares FY 2016 2,003 shares

③Average number of outstanding shares during the period

Ended Jun. 30, 2016 9,051,297 shares Ended Jun. 30, 2015 9,051,344 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.