Nissei ASB Machine : Summary of Consolidated Financial Results for the Year Ended September 30, 2022（160KB）

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 Year Ended September 30, 2022
			(Based on Japanese GAAP)
																				November 9, 2022
Company name:	NISSEI ASB MACHINE CO., LTD.
Stock exchange listing:	Tokyo
Stock code:	6284	URL https://www.nisseiasb.co.jp
Representative:	Representative Director, President and COO Junichi Miyasaka
Inquiries:	General Manager Finance Accounting	Yuichi Yamamoto	TEL [phone]
Scheduled date of ordinary general meeting of shareholders:	December 16, 2022
Scheduled date to file Securities Report:			December 19, 2022
Scheduled date to commence dividend payments:			November 29, 2022
Preparation of supplementary material on financial results:			Yes
Holding of financial results meeting:							Yes	(for institutional investors and analysts)
												(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended September 30, 2022 (from October 1, 2021 to September 30, 2022)
(1) Consolidated operating results													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		%
Year ended September 30, 2022		30,277		(15.6)	5,556		(36.4)		8,927	(6.8)	6,130		(8.2)
Year ended September 30, 2021		35,890		31.7	8,735		80.1		9,576	105.1		6,680		57.6
			Earnings per share		Diluted earnings per	Profit attributable to		Ordinary profit/total	Operating profit/net
					share			owners of				assets			sales
										parent/equity
				Yen			Yen				%						%				%
Year ended September 30, 2022		408.97				-				14.6						13.4				18.4
Year ended September 30, 2021		445.60				-				19.3						15.7				24.3
(2) Consolidated financial position
			Total assets			Net assets		Equity ratio	Net assets per share
			Millions of yen	Millions of yen					%						Yen
As of September 30, 2022		68,956					45,903					66.5				3,059.44
As of September 30, 2021		64,276					37,901					58.9				2,526.30
(3) Consolidated cash flows
			Cash flows from	Cash flows from	Cash flows from	Cash and cash equivalents
			operating activities	investing activities	financing activities		at end of period
			Millions of yen	Millions of yen	Millions of yen		Millions of yen
Year ended September 30, 2022		3,454					(3,170)					(3,706)					19,188
Year ended September 30, 2021		5,580					(1,876)					(2,877)					20,389
2. Cash dividends
							Annual dividends per share					Total cash		Dividend payout	Ratio of dividends
																	to net assets
			1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total			dividends (Total)	ratio (Consolidated)	(Consolidated)
			Yen			Yen	Yen				Yen	Yen	Millions of yen		%			%
Year ended September 30, 2021		-		0.00	-				100.00	100.00		1,499		22.4			4.3
Year ended September 30, 2022		-		0.00	-				100.00	100.00		1,499		24.5			3.6
Year ending September 30, 2023		-			0.00	-				100.00	100.00				30.0
(Forecast)

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3. Forecast of consolidated financial results for the year ending September 30, 2023 (from October 1, 2022 to September 30, 2023)

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	34,000	12.3	6,500	17.0	7,000	(21.6)		5,000	(18.4)	333.52
4. Notes
(1) Changes in significant subsidiaries during the year ended September 30, 2022			No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) 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

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of September 30, 2022	15,348,720	shares	As of September 30, 2021	15,348,720	shares
Number of treasury shares at the end of the period
	As of September 30, 2022	357,308	shares	As of September 30, 2021	357,176	shares
Average number of shares during the period
	Year ended September 30, 2022	14,991,453	shares	Year ended September 30, 2021	14,991,625	shares

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Consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of September 30, 2021	As of September 30, 2022
Assets
Current assets
Cash and deposits	20,389	19,188
Notes and accounts receivable - trade	6,841	-
Notes receivable - trade	-	269
Accounts receivable - trade	-	6,418
Merchandise and finished goods	2,363	2,471
Work in process	7,690	9,135
Raw materials and supplies	7,749	9,389
Other	1,353	1,485
Allowance for doubtful accounts	(69)	(60)
Total current assets	46,318	48,296
Non-current assets
Property, plant and equipment
Buildings and structures	9,110	10,067
Accumulated depreciation	(3,954)	(4,401)
Buildings and structures, net	5,156	5,665
Machinery, equipment and vehicles	11,564	14,660
Accumulated depreciation	(6,246)	(8,194)
Machinery, equipment and vehicles, net	5,317	6,466
Tools, furniture and fixtures	1,337	1,478
Accumulated depreciation	(1,056)	(1,222)
Tools, furniture and fixtures, net	281	256
Land	1,169	1,980
Leased assets	2,732	3,221
Accumulated depreciation	(340)	(476)
Leased assets, net	2,391	2,744
Construction in progress	826	1,322
Total property, plant and equipment	15,142	18,436
Intangible assets	120	111
Investments and other assets
Investment securities	259	277
Deferred tax assets	1,029	1,041
Other	1,502	918
Allowance for doubtful accounts	(96)	(124)
Total investments and other assets	2,694	2,112
Total non-current assets	17,958	20,659
Total assets		64,276	68,956

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			(Millions of yen)
		As of September 30, 2021	As of September 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	3,521	1,685
Short-term borrowings	2,125	1,805
Income taxes payable	2,091	1,704
Advances received	3,399	-
Contract liabilities	-	4,038
Provision for bonuses	576	643
Provision for bonuses for directors (and other officers)	47	53
Other	1,917	1,923
Total current liabilities	13,679	11,854
Non-current liabilities
Long-term borrowings	10,911	9,105
Deferred tax liabilities	207	368
Provision for retirement benefits for directors (and other	486	534
officers)
Retirement benefit liability	770	833
Other	318	356
Total non-current liabilities	12,695	11,198
Total liabilities	26,374	23,053
Net assets
Shareholders' equity
Share capital	3,860	3,860
Capital surplus	3,196	3,196
Retained earnings	33,467	38,098
Treasury shares	(300)	(301)
Total shareholders' equity	40,223	44,854
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	34	52
Foreign currency translation adjustment	(2,340)	979
Remeasurements of defined benefit plans	(43)	(20)
Total accumulated other comprehensive income	(2,350)	1,010
Non-controlling interests	28	37
Total net assets	37,901	45,903
Total liabilities and net assets		64,276	68,956

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Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

			(Millions of yen)
		Fiscal year ended	Fiscal year ended
		September 30, 2021	September 30, 2022
Net sales	35,890	30,277
Cost of sales	19,313	16,868
Gross profit	16,577	13,408
Selling, general and administrative expenses	7,841	7,852
Operating profit	8,735	5,556
Non-operating income
Interest income	140	170
Dividend income	7	8
Foreign exchange gains	592	3,151
Commission income	34	-
Settlement received	146	-
Other	76	115
Total non-operating income	997	3,446
Non-operating expenses
Interest expenses	49	38
Litigation expenses	95	11
Other	11	24
Total non-operating expenses	156	74
Ordinary profit	9,576	8,927
Profit before income taxes	9,576	8,927
Income taxes - current	3,269	2,651
Income taxes - deferred	(381)	140
Total income taxes	2,888	2,791
Profit	6,688	6,135
Profit attributable to non-controlling interests	8	4
Profit attributable to owners of parent		6,680	6,130

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