Company Representative: Naoki Ito, President & Corporate Officer
Contact Information: Takayoshi Yamane, Corporate officer Headquarters General Manager TEL (0774) 62-3481
Reporting date of financial statements: November 11, 2022
Commencement date of dividend payment: December 1, 2022
(Rounded down to the nearest million yen.)
1. Consolidated Financial Results for the 2ndQuarter Ended September 30, 2022 (FromApril 1, 2022 to September 30, 2022)
(1) 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 2nd Quarter
Millions ofYen
%
Millions ofYen
%
Millions ofYen
%
Millions ofYen
%
Ended Sept. 30, 2022
5,248
△22.7
△143
-
△25
-
△151
-
Ended Sept. 30, 2021
6,788
33.1
255
-
250
-
142
-
(Note) Comprehensive
income
FY 2023 for the
2ndQuarter 315million yen
(72.9%)
FY 2022 for the 2ndQuarter 182million yen (-% )
EPS
Adjusted EPS
For the 2nd Quarter
Yen
Sen
Yen
Sen
Ended Sept. 30, 2022
△16
69
―
Ended Sept. 30, 2021
15
70
―
(2) Consolidated Financial Position
TotalAssets
NetAssets
Shareholders'Equity Ratio
Millions ofYen
Millions ofYen
%
Ended Sept. 30, 2022
15,641
11,723
67.4
FY 2022
15,327
11,439
67.6
million yen
(Ref.) Shareholders'Equity
FY 2023 for the 2ndQuarter
10,541 million yen
FY 2022 10,363
2. Dividends
Dividends per Share
End of 1st Quarter
End of 2nd Quarter
End of 3rd Quarter
Year End
Full Year
Yen
Sen
Yen
Sen
Yen
Sen
Yen
Sen
Yen
Sen
FY 2022
―
5
00
―
3
00
8
00
FY 2023
―
4
00
FY2023 (Forecast)
―
4
00
8
00
(Note) Revisions to the dividend forecast since the most recent announcement:N/A
3. Consolidated Forecast for the Year Ending March 2023(FromApril 1, 2022 to March 31, 2023)
(% indicates changes in net sales, operating income, etc. compared with preceding same period.)
Net sales Operating Income Ordinary Income Net income Attributable EPS to Owners of the Parent
Millions ofYen
%
Millions ofYen
%
Millions ofYen
%
Millions ofYen
%
Yen
Sen
Full Year
11,400
△7.3
40
△81.6
180
△32.0
65
-
7
18
(Note) Revisions to the dividend forecast since the most recent announcement:YES
1
※Note
Changes of important subsidiaries during the period (changes in specified subsidiaries that involve changes in the scope of consolidation): N/A
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 YES
② Changes other than ① N/A
③ Changes in accounting estimate N/A
Restatement N/A
(4) Number of outstanding shares (ordinary shares)
Number of outstanding shares at the end of the term (including treasury stocks)
Ended Sept. 30, 2022 9,053,300 shares
FY 2022 9,053,300 shares
Number of treasury stocks at the end of the term
Ended Sept. 30, 2022
2,066 shares
FY 2022 2,066 shares
③Average number of outstanding shares during the period
Ended Sept. 30, 2022
9,051,234 shares
Ended Sept. 30, 2021 9,051,234 shares
※The quarterly consolidated financial results presented herein are not subject to the quarterly review by certified public accountants or audit corporations.
※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.
1. Qualitative Information on the Second Quarter Financial Results
(1) Explanation of the results of operations
During the second quarter of the current consolidated cumulative period, the Japanese automobile industry, which is the main customer industry of the Group, showed an upward trend in global automobile sales compared to the same period of the previous year, and the global production volume of Japanese automobile manufacturers also showed signs of recovery. There are signs that the impact of parts supply shortages is on the decline. On the other hand, due to parts supply shortages, etc., automobile production adjustments are continuing, and the situation continues that a full-fledged recovery has yet to be achieved.
In addition, although restrictions due to the spread of the new coronavirus infection are easing, the outlook for the global economy remains uncertain due to the impact of soaring raw material prices and exchange rate fluctuations due to the situation in Ukraine. Under these circumstances, Net-shape Business sales were sluggish due to the impact of production stagnation in the automobile industry.As a result, Net-shape Business sales were 2,733 million yen (down 18.7% year-on-year).
In the Assembly Business, sales were 1,281 million yen (down 41.9% year-on-year) due to factors such as continued sluggish demand for turbocharger parts.
In the Filter Business, we recorded sales at the same level as the previous year while capturing new demand. As a result, sales were 1,233 million yen (up 0.9% year-on-year).
As a result, consolidated net sales were 5,248 million yen (down 22.7% year-on-year).
In terms of profit and loss, operating loss of 143 million yen (operating income of 255 million yen in the same period of the previous year) was recorded due to low sales in the Net-shape Business and theAssembly Business. In addition, ordinary loss of 25 million yen (ordinary income of 250 million yen in the same period of the previous year) was recorded due to non-operating income such as foreign exchange gain of 40 million yen and subsidy income of 22 million yen. Net loss attributable to owners of parent company was 151 million yen (net profit attributable to owners of parent company was 142 million yen in the same period of the previous fiscal year).
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Nichidai Corporation published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 09:08:02 UTC.
NICHIDAI CORPORATION is a Japan-based company mainly engaged in the development, manufacturing and sales of precision-forged dies and precision-forged products, etc. The Company operates in three segments. The Net-shape segment is centered on auto parts manufacturers and engaged in manufacturing and sales of auto parts such as precision-forged dies for cold forging, scroll compressor parts for air conditioners, various gears, etc. The Assembly segment is involved in the manufacturing and sales of parts for turbochargers. The Filter segment supplies sintered metal filters that are used in the petrochemical, pharmaceutical, food, nuclear power and other fields.