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

August 4, 2022

Consolidated Financial Results

for the Three Months Ended June 30, 2022

(Under Japanese GAAP)

Company name:

Nittetsu Mining Co., Ltd.

Listing:

Tokyo Stock Exchange

Securities code:

1515

URL:

https://www.nittetsukou.co.jp/

Representative:

Reiichi Morikawa, Representative Director and President

Inquiries:

Shimpei Kitajima, Manager, Account Section, General Accounting Department

Telephone:

+81-3-3216-5255

Scheduled date to file quarterly securities report:

August 12, 2022

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results briefing:

None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

June 30, 2022

40,245

8.7

5,100

4.9

6,118

14.8

3,802

21.8

June 30, 2021

37,028

37.1

4,863

216.4

5,330

180.8

3,122

155.3

Note: Comprehensive income

For the three months ended June 30, 2022:

¥4,300 million

[14.8%]

For the three months ended June 30, 2021:

¥3,744 million

[44.9%]

Earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

June 30, 2022

457.17

-

June 30, 2021

375.40

-

(2) Consolidated financial position

Total assets

Net assets

Capital adequacy ratio

As of

Millions of yen

Millions of yen

%

June 30, 2022

204,540

128,328

59.6

March 31, 2022

197,732

126,371

60.7

Reference: Equity

As of June 30, 2022:

¥121,949 million

As of March 31, 2022:

¥120,073 million

1

2. Cash dividends

Annual dividends per share

First quarter-end

Second quarter-end

Third quarter-end

Fiscal

Total

year-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

135.00

-

200.00

335.00

March 31, 2022

Fiscal year ending

-

March 31, 2023

Fiscal year ending

108.00

-

109.00

217.00

March 31, 2023

(Forecast)

Note: Revisions to the forecast of the cash dividends most recently announced: None

3. Consolidated financial results forecast for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings

owners of parent

per share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

150,000

0.6

11,000

(30.0)

11,500

(30.7)

6,000

(35.3)

721.28

Note: Revisions to the financial results forecast most recently announced: None

2

* Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
  2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
  3. Changes in accounting policies, changes in accounting estimates, and restatement
    1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
    2. Changes in accounting policies due to other reasons: None
    3. Changes in accounting estimates: None
    4. Restatement: None

(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Principal Notes, (3) Notes to Quarterly Consolidated Financial Statements (Changes in Accounting Policies)" on page 8 of the attachment (Japanese only).

(4) Number of issued shares (common shares)

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

As of June 30, 2022

8,352,319 shares

As of March 31, 2022

8,352,319 shares

(ii) Number of treasury shares at the end of the period

As of June 30, 2022

33,791 shares

As of March 31, 2022

33,794 shares

  1. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2022

8,318,537 shares

Three months ended June 30, 2021

8,318,806 shares

  • Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
  • Proper use of earnings forecasts, and other special matters

(Notes on forward-looking statements, etc.)

Financial results forecasts and other forward-looking statements in this document are based on information currently available to the Company and certain assumptions deemed reasonable, and the Company does not guarantee their achievement. Actual performance and other results may be significantly different from the forecasts due to various factors. For details on the assumptions for financial results forecasts and notes on the use of financial results forecasts, etc., refer to "1. Qualitative Information on Quarterly Financial Results, (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information" on page 3 of the attachment (Japanese only).

3

2. Quarterly Consolidated Financial Statements and Principal Notes

(1) Quarterly Consolidated Balance Sheets

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Assets

Current assets

Cash and deposits

33,224

34,299

Notes and accounts receivable - trade, and contract

30,757

30,878

assets

Merchandise and finished goods

5,825

6,409

Work in process

8,369

12,375

Raw materials and supplies

6,432

6,294

Other

5,543

7,313

Allowance for doubtful accounts

(448)

(534)

Total current assets

89,705

97,036

Non-current assets

Property, plant and equipment

Buildings and structures, net

20,911

20,749

Land for general use

16,299

16,308

Other, net

29,906

30,888

Total property, plant and equipment

67,117

67,947

Intangible assets

3,608

3,803

Investments and other assets

Investment securities

29,172

27,229

Other

8,288

8,680

Allowance for doubtful accounts

(151)

(148)

Allowance for investment loss

(8)

(9)

Total investments and other assets

37,301

35,753

Total non-current assets

108,027

107,504

Total assets

197,732

204,540

4

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Liabilities

Current liabilities

Notes and accounts payable - trade

14,627

21,907

Short-term loans payable

15,922

15,948

Income taxes payable

2,939

2,532

Provisions

1,159

387

Other

12,289

12,318

Total current liabilities

46,938

53,094

Non-current liabilities

Long-term loans payable

4,817

4,613

Provisions

309

111

Net defined benefit liability

3,799

3,706

Asset retirement obligations

4,639

4,682

Other

10,856

10,002

Total non-current liabilities

24,422

23,117

Total liabilities

71,360

76,211

Net assets

Shareholders' equity

Capital stock

4,176

4,176

Capital surplus

4,746

4,675

Retained earnings

99,391

101,531

Treasury shares

(169)

(169)

Total shareholders' equity

108,145

110,213

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

11,974

10,616

Deferred gains or losses on hedges

(778)

(167)

Foreign currency translation adjustment

808

1,315

Remeasurements of defined benefit plans

(75)

(29)

Total accumulated other comprehensive income

11,928

11,735

Non-controlling interests

6,297

6,379

Total net assets

126,371

128,328

Total liabilities and net assets

197,732

204,540

5

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Nittetsu Mining Co. Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 04:36:06 UTC.