Summary of Consolidated Financial Results(For the fiscal year ended March 31, 2014) [Japanese Standard]
May 9, 2014
Tokyo Stock Exchange
Company name : KYORIN Holdings,Inc.
Code number : 4569
Web site : http://www.kyorin-gr.co.jp/
Representative : Masahiro Yamashita, Representative Director, President and Chief Executive Officer
Contact : Yoh Ito, Senior Corporate Officer, Director, Finance & Accounting
TEL (03) 3525-4701
Scheduled date for Ordinary General Meeting of Shareholders: June 24, 2014
Scheduled date for starting dividend payment: June 10, 2014
Scheduled date for submitting securities report: June 25, 2014
(Amounts rounded down to the nearest million yen)
1. Consolidated Results for the Year Ended March 31, 2014 (From April 1, 2013, to March 31, 2014)(1) Consolidated Operating Results(Percentage changes relative to previous corresponding period)
Net sales
Operating income
Ordinary income
Million yen% Million yen%Million yen%March 2014
111,400
4.1
17,607(1.9)
18,281(2.1)
March 2013
107,031
3.7
17,94824.1
18,67622.3
Notes: Comprehensive income: March 2014:13,358million yen (6.4%) , March 2013 : 14,265million yen 44.5%
Net income
March 2014
March 2013

Million yen
12,025
12,422

Net income per share%(3.2)
34.6

Yen
160.95166.25

Net income per share(Diluted)
Yen——Ratio of ordinary income toOperating income margin
total assets%%%
March 2014
9.0
11.3
15.8
March 2013
10.0
12.4
16.8
Notes Equity in earnings of affiliates: March 2014: ¥22 million, March 2013: ¥39 million
ROE(2) Consolidated Financial Position
Total assets
Net assets
Equity ratio
Net assets per share
Million yen
Million yen%
Yen
March 2014
169,378
137,82181.4
1,844.61
March 2013
154,968
129,099
83.3
1,727.86
Note: Equity: March 2014: ¥137,821 million, March 2013: ¥129,099 million(3) Consolidated Cash Flows
Cash flows fromoperating activities
March 2014
March 2013

Million yen
19,293
11,544

Cash and cash
Cash flows fromequivalents at the end
financing activities
of yearMillion yen
Million yen
Million yen(2,477)(3,704)35,828(7,187)(5,132)
22,543

Cash flows frominvesting activities

12. Dividends
Dividend per share(Record date)
March 2013
March 2014
March 2015
(Forecast)End of the 1stquarter
Yen———End of the 2ndquarter
Yen
10.00
10.00
20.00

Year-end

Payout ratio(Consolidated)

Total dividends
Million Yen
3,736
3,885

March 2013
March 2014
March 2015(Forecast)End of the 3rdquarter
Yen
———%
30.1
32.3

Total

Yen
40.00
42.00

Yen
50.00
52.00

32.00

52.00

Ratio of dividends to net
assets (Consolidated)
%
3.0
2.9

34.4

3. Forecast of Consolidated for the Year Ending March 31, 2015 (From April 1, 2014, to March 31, 2015)(Percentage changes relative to previous corresponding period)
Net sales
Operating income
Ordinary income
Million yen% Million yen% Million yen%
First half
51,3000.9
5,500(11.5)
5,700(12.7)
Full year
112,200
0.7
15,800(10.3)
16,300(10.8)
Net income
First half
Full year

Million yen
3,900
11,300Net income per share%(11.3)
（6.0)

Yen
52.20
151.24

4. Other(1) Changes in major subsidiaries during the period(Change of specified subsidiaries associated with a change of the scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates and restatements
1) Changes due to mandatory changes of accounting standards: Yes2) Changes other than 1): None3) Changes in accounting estimates: None: None
4) Restatements(3) Number of shares issued (common stock)1) Number of shares issued and outstanding at the end of the fiscal year (including treasury stock)
Fiscal year ended March 2014: 74,947,628 shares,
Fiscal year ended March 2013: 74,947,628 shares
2) Number of shares of treasury stock at the end of the fiscal year
Fiscal year ended March 2014: 231,922 shares,Fiscal year ended March 2013: 231,213 shares
3) Averaged number of shares of during the period
Fiscal year ended March 2014: 74,716,008 shares,
Fiscal year ended March 2013: 74,717,502 shares* Implementation status of audit proceduresThis financial summary is exempt from audit procedures as stipulated under the Financial Instruments and Exchange
Act of Japan. At the time of the announcement of this financial summary,audit procedures have not been completed
as stipulated under the Financial Instruments and Exchange Act of Japan.
* Explanations about the appropriate use of the business forecasts and other noteworthy points
These forecast performance figures are based on information currently available to the Company and may include
uncertain factors or risk that affect our future performance. Accordingly, actual business results may materiallydiffer from the forecasted figures due to various factors in the future.
(Methods for obtaining supplementary materials)
Supplementary materials will be made available on the Company’s website in conjunction with the Summary ofConsolidated Financial Results.
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