Nifco : Summary of Consolidated Financial Results for Nine Months of Fiscal Year Ending March 31, 2023 -Highlight-

(The percentages denote year-on-yearchange.)

Corporate Name: Nifco Inc. (URL: https://www.nifco.com/en/)	February 3, 2023
Stock Exchange: Prime Market; Code Number: 7988
President & COO: Masaharu Shibao
Inquiries to: Toshiki Yauchi, Director, Senior Executive Managing Officer & CFO ([phone])
Shihanki-Hokokusho to be submitted on: February 10, 2023
Dividend disbursement to be started on: －

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Summary of Consolidated Financial Results

for Nine Months of Fiscal Year Ending March 31, 2023

(These figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for Nine Months of FY2022 (April 1 to December 31, 2022)

(1) Consolidated financial results

			Net sales	Operating profit			Ordinary profit
			Million yen	%	Million yen		%	Million yen		%
9 Months FY2022		234,210	12.4	25,473		11.5		29,079		18.4
9 Months FY2021		208,430	16.7	22,847		40.3		24,566		51.2
Note:	Comprehensive income: 35,061 million yen in 9 Months FY2022 (55.6%), 22,538 million yen in 9 Months FY2021 (235.2%)
			Profit attributable to	Basic earning per share		Diluted earning per share
			owners of parent
			Million yen	%	Yen			Yen
9 Months FY2022		18,530	11.9			184.87				―
9 Months FY2021		16,563	65.6			163.64				―
Note:	Diluted profit attributable to owners of parent per share of 9 Months FY2022 and 9 Months FY2021 are not shown in the
	above table, as there are no potential common shares with dilution effect.
(2) Consolidated financial position
			Total assets	Net assets	Net assets ratio	Net assets per share
			Million yen	Million yen	%			Yen
Third Qtr. FY2022		366,517	229,438				61.8		2,258.89
	FY2021		333,068	200,875				59.5		1,978.36

Reference: Equity capital: 226,532 million yen in Third Qtr. FY2022, 198,175 million yen in FY2021

2. Dividends

							Dividend per share
			At end of first		At end of second		At end of third		At end of FY		FY
			quarter		quarter		quarter
			Yen		Yen		Yen		Yen		Yen
FY2021			―		31.00		―	31.00	62.00
FY2022			―		31.00
FY2022 (forecast)						―	31.00	62.00
Note:	Revision of	the latest forecasts: None

3. Forecasts for FY2022 (April 1, 2022 to March 31, 2023)		(The percentages denote year-on-year change.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earning per
			owners of parent	share
		Million		%	Million yen	%	Million yen	%	Million yen	%	Yen
		yen
FY2022		305,000		7.5	31,500	3.1	30,500	(9.2)	20,000	(12.9)	199.66
Note:	Revision of the latest forecasts: None

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4. Others

1. Changes in principal subsidiaries during the fiscal year (changes in specific subsidiaries, which involve changes in the scope of consolidation): None
   New consolidation: - company (company name): - Exclusion: - company (company name): -
2. Adoption of specific accounting policies for quarterly consolidated financial statement: Yes
3. Changes in the principles and procedures of accounting concerning the preparation of consolidated financial statements and in the

methods of presentation, etc. (stated in "Changes in Significant Accounting Policies for Preparing Consolidated Financial Statements")

1)	Changes following the revision of accounting standards, etc.:	Yes
2)	Changes other than 1):	None
3)	Changes in accounting estimates:	None
4)	Retrospective restatement:	None

1. Number of shares outstanding (common stocks)
2. 1. Number of shares outstanding at end of the period (including treasury stocks): 107,508,954 in Third Qtr. FY2022; 107,508,954 in FY2021.
   2. Number of treasury stocks at end of the period: 7,223,819 in Third Qtr. FY2022; 7,337,418 in FY2021.
   3. Average number of shares outstanding during the period: 100,236,192 in Third Qtr. FY2022; 101,221,208 in Third Qtr. FY2021.

*Quarterly financial results reports are exempt from quarterly review conducted by certificated public accountants or an audit corporation.

• Proper use of forecasts and other special instructions

Forward-looking statements or projections included in this document, including earnings projections, are based on currently available information and certain premises that are judged to be rational at the time of this writing. Actual results may differ greatly from the forecast figures depending on various factors.

(Consolidated Financial Statements)

Segment Information [Business segment information]

- For the Nine Months of FY2021 (April 1 to December 31, 2021)		(Unit: Millions of yen)
		Reportable segments		Adjustment	Amount reported in
	Industrial plastic parts	Bedding & furniture		Total	consolidated
	& components			financial statements
Net sales and segment profit (loss)
Net sales
(1) Net sales to external customers	187,240	21,190		208,430	-	208,430
(2) Intersegment sales or transfers	-	-		-	-	-
Total	187,240	21,190		208,430	-	208,430
Segment profit (loss)	22,650	3,919		26,569	(3,722)	22,847

- For the Nine Months of FY2022 (April 1 to December 31, 2022)		(Unit: Millions of yen)
		Reportable segments		Adjustment	Amount reported in
	Industrial plastic parts	Bedding & furniture		Total	consolidated
	& components			financial statements
Net sales and segment profit (loss)
Net sales
(1) Net sales to external customers	210,518	23,692		234,210	-	234,210
(2) Intersegment sales or transfers	-	0		0	(0)	-
Total	210,518	23,692		234,210	(0)	234,210
Segment profit (loss)	25,169	4,103		29,272	(3,799)	25,473

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