日本精線（5659） – [Delayed] Summary of Consolidated Financial Results for the Year Ended March 31, 2022 (Based on Japanese GAAP)

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 March 31, 2022 (Based on Japanese GAAP) April 27, 2022 Company name: Nippon Seisen Co.,Ltd. Stock exchange listing: Tokyo Stock code: 5659 URL https://www.n-seisen.co.jp/ Representative: Inquiries: President and CEO General Manager, Accounting Department Motoshi Shinkai Shuichi Nagasawa TEL 06-6222-5432 Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: June 29, 2022 June 30, 2022 June 30, 2022 Yes No Holding of financial results meeting: (1) Consolidated operating results 1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (Amounts less than one million yen are rounded down)Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Millions of yen 44,795 34,108 % Millions of yen 4,596 2,380 31.3 (2.3)% Millions of yen 4,599 2,602 93.1 23.5 % Millions of yen 3,177 1,825 76.7 30.1 % 74.1 30.8 Year ended March 31, 2022 Year ended March 31, 2021 Note: Comprehensive income Year ended March 31, 2022 Year ended March 31, 2021 ¥3,531 million [72.3%] ¥2,049 million [55.8%] Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 518.10 297.66 Yen – – % 9.4 5.7 % 9.5 5.8 % 10.3 7.0 Year ended March 31, 2022 Year ended March 31, 2021 ¥– million ¥– million Year ended March 31, 2022 Year ended March 31, 2021 Reference: Share of profit (loss) of entities accounted for using equity method (2) Consolidated financial position Total assets Net assets Equity ratio Net assets per share Millions of yen 51,230 46,071 Millions of yen 35,452 32,974 % 68.2 70.7 Yen 5,700.58 5,309.46 As of March 31, 2022 As of March 31, 2021 ¥34,961 million ¥32,564 million Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Millions of yen 4,473 3,965 Millions of yen (1,700)(1,787)Millions of yen (1,337)(702)Millions of yen 14,928 13,299 As of March 31, 2022 As of March 31, 2021 Reference: Equity (3) Consolidated cash flows Year ended March 31, 2022 Year ended March 31, 2021 1 2. Cash dividends Year ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Total cash dividends (Total) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) Yen – – – Yen 40.00 100.00 105.00 Yen Millions of yen Yen – – – Yen 70.00 110.00 110.00 210.00 105.00 210.00 674 1,287 % 37.0 40.5 41.8 % 2.1 3.8 3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % 24,000 12.1 2,200 (7.7)2,200 (11.0)1,540 (11.5)48,500 8.3 4,400 (4.3)4,400 (4.3)3,080 (3.1)Yen 251.10 502.19 Six months ending September 30, 2022 Full year 4. Notes (1) Changes in significant subsidiaries during the year ended March 31, 2022 (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: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: (3) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of March 31, 2022 6,492,293 shares As of March 31, 2021 6,492,293 shares Number of treasury shares at the end of the period Average number of shares during the period As of March 31, 2022 359,255 shares As of March 31, 2021 359,054 shares Year ended March 31, 2022 6,133,148 shares Year ended March 31, 2021 6,133,397 shares No Yes No No No 2(Reference) Overview of non-consolidated financial results Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (1)Non-consolidated operating results (Percentages indicate year-on-year changes)Year ended March 31, 2022 Year ended March 31, 2021 Net Sales Operating profit Ordinary profit Profit Millions of yen 39,958 31,490 % Millions of yen 4,090 2,200 26.9 (1.6)% Millions of yen 3,951 2,347 85.9 33.8 % Millions of yen 2,809 1,630 68.4 41.7 % 72.3 42.5 Earnings per share Diluted earnings per share Yen 458.16 265.85 Yen – – Year ended March 31, 2022 Year ended March 31, 2021 (2)Non-consolidated financial position As of March 31, 2022 As of March 31, 2021 Total assets Net assets Equity ratio Net assets per share Millions of yen 45,806 41,894 Millions of yen 31,558 29,812 % 68.9 71.2 Yen 5,145.73 4,860.89 Reference: Equity As of March 31, 2022 ¥31,558 million As of March 31, 2021 * Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation. * Explanation of proper use of financial results forecast, and other special matters ¥29,812 million (Caution concerning forward-looking statements) The above forecasts of financial results are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Consequently, actual business and other results may differ substantially due to various factors. 3 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 13,776 8,210 537 1,856 3,457 1,618 174 29,631 13,298 (8,834) 4,464 31,042 (24,639) 6,402 1,630 18 (8) 10 959 2,473 (1,873) 599 14,067 203 20 32 255 326 1,583 206 2,116 16,439 46,071 15,640 9,170 840 2,354 4,060 2,398 220 34,685 14,038 (9,104) 4,933 31,047 (24,667) 6,380 1,637 35 (11) 23 834 2,630 (2,015) 614 14,423 199 – 29 229 66 1,630 194 1,892 16,545 51,230 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Electronically recorded monetary claims – operating Merchandise and finished goods Work in process Raw materials and supplies Other Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles, net Land Leased assets Accumulated depreciation Leased assets, net Construction in progress Other Accumulated depreciation Other, net Total property, plant and equipment Intangible assets Software Software in progress Other Total intangible assets Investments and other assets Investment securities Deferred tax assets Other Total investments and other assets Total non-current assets Total assets 4 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 5,494 440 3 700 165 580 26 866 194 7 63 8,277 0 4,544 9 4,820 13,097 5,000 5,442 22,880 (849) 32,473 25 (0) 174 (109) 90 409 32,974 46,071 7,470 355 7 1,086 163 723 36 1,042 10,886 – 18 57 136 4,672 5 4,891 15,777 5,000 5,442 25,006 (849) 34,598 15 (1) 453 (104) 363 491 35,452 51,230 Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Lease liabilities Income taxes payable Accrued consumption taxes Provision for bonuses Provision for bonuses for directors (and other officers) Other Total current liabilities Non-current liabilities Long-term borrowings Lease liabilities Provision for retirement benefits for directors (and other officers) Provision for environmental measures Retirement benefit liability Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 5Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 34,108 28,589 5,518 3,138 2,380 7 12 15 24 36 30 128 13 269 5 16 7 9 – 7 – – – – 5 5 47 2,602 2,597 891 (137) 754 1,842 16 1,825 44,795 36,851 7,944 3,348 4,596 12 14 21 24 45 111 – 237 6 4 – 13 75 136 3 233 0 68 68 24 – 24 4,599 4,644 1,467 (42) 1,425 3,219 41 3,177 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Dividend income Purchase discounts Rental income Compensation income Foreign exchange gains Subsidies for employment adjustment Other Total non-operating income Non-operating expenses Interest expenses Sales discounts Compensation expenses Loss on retirement of non-current assets Provision for environmental measures Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Total extraordinary income Extraordinary losses Loss on sale of investment securities Loss on valuation of golf club membership Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 6Consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 1,842 58 (0) 64 84 207 2,049 2,027 21 3,219 (10) (1) 318 4 312 3,531 3,450 81 7Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity Balance at beginning of period 5,000 5,442 21,575 (847) 31,170 Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 0 (0) (0) (0) 58 58 25 (521) 1,825 (Millions of yen) Total shareholders’ equity (1) (1) (849) (521) 1,825 (1) 1,303 32,473 84 84 (109) 202 202 90 21 21 409 (521) 1,825 (1) 224 1,527 32,974 – 5,000 – 5,442 1,304 22,880 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period (33) 115 (193) (111) 387 31,446 59 59 174 8 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 5,000 5,442 22,880 (849) 32,473 5,000 5,442 22,871 (849) 32,464 (9) (1,042) 3,177 (0) (0) (849) (9) (1,042) 3,177 (0) 2,134 34,598 – 5,000 – 5,442 2,134 25,006 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period 25 (0) 174 (109) 90 409 32,974 25 (0) 174 (109) 90 409 32,965 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (10) (10) 15 (1) (1) (1) 4 4 (104) 272 272 363 81 81 491 (9) (1,042) 3,177 (0) 353 2,487 35,452 279 279 453 9 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 2,597 1,531 5 267 15 30 3 (0) (20) 5 (33) – 9 – (983) 25 215 2 511 (58) 100 0 4,224 20 (5) (274) 3,965 (477) 217 (1,480) 0 (51) – 4 (1,787) 4,644 1,582 – 122 (5) 142 10 136 (26) 4 (83) (0) 75 (44) (1,330) 12 (1,683) (13) 1,931 0 69 0 26 5,543 (4) (1,091) 4,473 (951) 738 (1,714) 0 (68) 292 2 (1,700) Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Loss on valuation of golf club membership Increase (decrease) in retirement benefit liability Increase (decrease) in provision for retirement benefits for directors (and other officers) Increase (decrease) in provision for bonuses Increase (decrease) in provision for bonuses for directors (and other officers) Increase (decrease) in provision for environmental measures Interest and dividend income Interest expenses Foreign exchange losses (gains) Loss (gain) on sale of property, plant and equipment Loss on retirement of property, plant and equipment Loss (gain) on sale of investment securities Decrease (increase) in trade receivables Increase (decrease) in advances received Decrease (increase) in inventories Decrease (increase) in other current assets Increase (decrease) in trade payables Increase (decrease) in accrued consumption taxes Increase (decrease) in other current liabilities Other, net Subtotal Interest and dividends received Interest paid Income taxes paid Net cash provided by (used in) operating activities Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of intangible assets Proceeds from sale of investment securities Other, net Net cash provided by (used in) investing activities 10 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 – (178) (3) (1) (520) (702) 58 1,533 11,766 13,299 (110) (178) (6) (0) (1,041) (1,337) 192 1,628 13,299 14,928 Cash flows from financing activities Net increase (decrease) in short-term borrowings Repayments of long-term borrowings Repayments of lease liabilities Decrease (increase) in treasury shares Dividends paid Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 11