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 Nine Months Ended December 31, 2015
(Based on Japanese GAAP)
February 5, 2016
Company name:
CREO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9698
URL http://www.creo.co.jp
President and Representative Director

Yuji Anan

Inquiries:
Executive Officer, Financial DirectorScheduled date to file Quarterly Securities Report:

Takashi Ameda
February 12, 2016

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-5769-3640(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2015 (from April 1, 2015 to December 31, 2015)(1) Consolidated operating results (cumulative)

Nine months ended December 31, 2015
Nine months ended December 31, 2014Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
7,038 (13.6)
97 (16.1)
117 (12.8)
286
–
8,146
1.1
116 (48.3)
134 (41.4)(35)–Earnings per share

Diluted earnings per share

Yen
33.06
(4.12)

Nine months ended December 31, 2015
Nine months ended December 31, 2014

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2015
As of March 31, 2015

Net assets

Millions of yen
6,610
7,159

Equity ratio

Millions of yen
5,036
4,799%
75.6
66.5

2. Cash dividends
Annual dividends per share

Year ended March 31, 2015
Year ending March 31, 2016

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen––

Yen
5.00

Yen
5.00

5.00

5.00

Year ending March 31, 2016 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen%
Full year
10,000 (12.5)
300 (21.3)
350
64.0

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2015(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) 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:

YesNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2015

9,237,319 shares As of March 31, 2015

9,237,319 shares

583,473 shares As of March 31, 2015

581,646 shares

Number of treasury shares at the end of the period
As of December 31, 2015Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2015

8,654,934 shares Nine months ended December 31, 2014

28,657,060 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2015

As of December 31, 2015

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,553
2,149

3,813
1,253

Merchandise and finished goods
Work in process

24
204

25
413

Other

186

185

6,118

5,691

202

167

Other488

436

Total intangible assets

488

436

Investments and other assets

350

315

1,041

919

7,159

6,610

Current liabilities
Accounts payable - trade

433

384

Income taxes payable
Provision for bonuses

43
461

18
209

Provision for sales returns
Other

79
1,220–
857

Total current liabilities

2,237

1,468

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Total non-current assets
Total assets
Liabilities

Non-current liabilities
Directors' retirement benefits payable

26

26

Asset retirement obligations
Other534249
29

Total non-current liabilities

122105

2,360

1,574

Capital stock
Capital surplus

3,149743

3,149743

Retained earnings
Treasury shares

1,013(178)

1,256(179)

Total shareholders' equity

Total liabilities
Net assets
Shareholders' equity

4,728

4,970

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

32

25

Total accumulated other comprehensive income

32

25

Non-controlling interests
Total net assets
Total liabilities and net assets

339

40

4,799

5,036

7,159

6,610

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2014

December 31, 2015

Net sales
Cost of sales

8,146
6,361

7,038
5,713

Gross profit

1,784

1,324

Selling, general and administrative expenses

1,667

1,226

116

97

Interest income
Dividend income

02

12

Subsidy income
Gain on investments in partnership

–
1212–

Other43

Total non-operating income

1919

Interest expenses
Foreign exchange losses

010–

Other00

Operating incomeNon-operating income

Non-operating expenses

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of shares of subsidiaries
Total extraordinary income
Extraordinary losses
Settlement package

10134

117

–

204–

204

10–

appraisal loss software
Other

85
0–
0

Total extraordinary losses

960

Income before income taxes and minority interests

37321

Income taxes - current
Income taxes - deferred

57
1223
7

Total income taxes

7031

Profit (loss)

(32)

289

Profit attributable to non-controlling interests

33

Profit (loss) attributable to owners of parent

(35)

286

4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Nine months ended

Nine months ended

December 31, 2014

December 31, 2015
(32)

289

Valuation difference on available-for-sale securities

17

(6)

Total other comprehensive income

17

(6)

Comprehensive income

(14)

282

Comprehensive income attributable toComprehensive income attributable to owners of parent

(18)

279

3

3

Comprehensive income attributable to non-controllinginterests

5