Nissan Shatai : FY2022 Consolidated Financial Results (Japanese GAAP)

This document has been translated from a part of the Japanese original for reference purposes only. In the any discrepancy between this translated document and the Japanese original, the original shall prevail.

FY2022 Consolidated Financial Results

		May 11, 2023
Company name:	Nissan Shatai Co., Ltd.	Tokyo Stock Exchange
Code no.:	7222	URL: https://www.nissan-shatai.co.jp/EN/
Representative:	Haruhiko Yoshimura, President
Contact person:	Takanori Nakatsugawa, General Manager of Administration Department

Tel.: [phone]

Scheduled date of ordinary general shareholders meeting: June 28, 2023

Scheduled date of payment of cash dividends: June 29, 2023

Scheduled date of filing securities report: June 28, 2023

Supplementary materials for financial results: Yes

Results briefing: No

(Amounts less than one million yen are rounded down.)

1. Consolidated Financial Results for FY2022 (April 1, 2022 through March 31, 2023)

1. Consolidated Operating Results

(Percentage figures represent year-on-year changes.)

	Net sales		Operating income	Ordinary income		Profit attributable to
			owners of parent
	million yen		%	million yen	%	million yen		%	million yen		%
FY2022	307,521		42.8	4,390	―	5,118		―	3,883		―
FY2021	215,359		―	(3,538)	―	(2,541)		―	(2,217)		―

Note: Comprehensive income: 2,558 million yen (-%) for FY2022, -1,156 million yen (-%) for FY2021

	Earnings per	Diluted earnings	Return on	Ratio of ordinary	Ratio of operating
	share	per share	equity	income to assets	income to net sales
	yen	yen	%	%	%
FY2022	28.67	―	2.2	2.1	1.4
FY2021	(16.37)	―	(1.3)	(1.0)	(1.6)

Reference: Equity in earnings (losses) of affiliates: -million yen for FY2022, -million yen for FY2021

Note: Nissan Shatai has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. effective from the beginning of FY2021. The Accounting Standard for Revenue Recognition has been accounted for in the consolidated financial results for the fiscal year ending in March 2022, and the year- on-year increase/decrease of net sales is not presented as the application of the Accounting Standard for Revenue Recognition will have significant effect on net sales.

1. Consolidated Financial Position

	Total assets	Net assets	Capital adequacy ratio	Net assets per share
	million yen	million yen	%	yen
FY2022	249,149	172,987	69.4	1,277.11
FY2021	231,233	172,190	74.5	1,271.22

Reference: Owner's equity: 172,987 million yen for FY2022, 172,190 million yen for FY2021

1

1. Consolidated Cash Flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end of
	operating activities	investing activities	financing activities
	period
	million yen	million yen	million yen	million yen
FY2022	10,985	(9,305)	(5,122)	49,427
FY2021	7,872	(75,155)	(5,625)	52,869

2. Dividends

		Annual cash dividends per share			Total cash	Payout ratio		Dividends per
							Dividends		net assets
	At 1st	At 2nd	At 3rd	At fiscal
	Total		(Consolidated)
	quarter end	quarter end	quarter end	year end		(Annual)		(Consolidated)
FY2021	yen	yen	yen	yen	yen		million yen	%	%
―	6.50	―	6.50	13.00	1,760	―	1.0
FY2022	―	6.50	―	6.50	13.00	1,760	45.3	1.0
FY2023	―	6.50	―	6.50	13.00			31.4
forecast

3. Forecast of Consolidated Operating Results for FY2023 (April 1, 2023 through March 31, 2024)

(Percentage figures represent year-on-year changes.)

				Operating			Profit attributable	Earnings per
	Net sales		Ordinary income	to owners of
		income	share
						parent
	million yen		%	million yen	%	million yen	%	million yen		%	yen
FY2023	339,400		10.4	8,800	100.4	8,900	73.9	5,600		44.2	41.34

• Notes

1. Significant changes in scope of consolidation: None
2. Changes in accounting principles and estimates, and retrospective restatement

1. Changes in accounting policies due to amendment of accounting standard: None

ii. Changes in accounting policies other than (i) above:		None
iii. Changes in accounting estimates:			None
iv. Retrospective restatement:			None
(3) Number of shares issued (common stock)
i. Number of shares issued at end of		FY2022	157,239,691	FY2021	157,239,691
period (including treasury stock)
ii. Number of shares of treasury		FY2022	21,786,830	FY2021	21,786,755
stock at end of period
iii. Average number of shares issued		FY2022	135,452,908	FY2021	135,452,979
during period

2

(Reference) Nonconsolidated Financial Results

Nonconsolidated Financial Results for FY2022 (April 1, 2022 through March 31, 2023)

(1) Nonconsolidated Operating Results

(Percentage figures represent year-on-year changes.)

	Net sales			Operating income	Ordinary income	Net income
	million yen		%		million yen	%	million yen		%	million yen	%
FY2022	298,964		44.3		4,360	915.1	4,832		353.3	3,615	734.4
FY2021	207,233		―		429	44.3	1,066		(12.7)	433	(30.0)
	Earnings per share	Diluted earnings per share
			yen			yen
FY2022			26.69			―
FY2021			3.20			―

Note: Nissan Shatai has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. effective from the beginning of FY2021. The Accounting Standard for Revenue Recognition has been accounted for in the non-consolidated financial results for the fiscal year ending in March 2022, and the year-on-year increase/decrease of net sales is not presented as the application of the Accounting Standard for Revenue Recognition will have significant effect on net sales.

(2) Nonconsolidated Financial Position

	Total assets	Net assets	Capital adequacy ratio	Net assets per share
	million yen	million yen	%	yen
FY2022	286,278	160,553	56.1	1,185.31
FY2021	262,193	158,699	60.5	1,171.62

Reference: Owner's equity: 160,553 million yen for FY2022, 158,699 million yen for FY2021

• This report is exempt from the audit procedure by certified public accountants and auditing firms
• Appropriate use of forecasts

The operating result forecast and other forward-looking statements contained in this report are based on information currently available to the Company and certain assumptions the Company considers reasonable. Final results may differ significantly from forecasts due to a variety of factors.

3