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, 2019
(Based on Japanese GAAP)
February 5, 2020
Company name:
CREO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

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

Junichi Kakizaki

Inquiries:
Managing Director,Operating officerScheduled date to file Quarterly Securities Report:

Kazuhiko Toriya
February 14, 2020

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

NoTEL

03-5783-3560(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2019 (from April 1, 2019 to December 31, 2019)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended December 31, 2019
Nine months ended December 31, 2018

Millions of yen
10,2689,309

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
10.3
755 116.3
797 107.2
530
58.5
9.5
349 206.2
385 154.9
334 225.6

Earnings per share

Diluted earnings per share

Yen
64.00
40.31

Nine months ended December 31, 2019
Nine months ended December 31, 2018

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2019
As of March 31, 2019

Net assets

Millions of yen
8,198
8,433

Equity ratio

Millions of yen
5,991
5,861%
72.5
69.0

2. Cash dividends
Annual dividends per share

Year ended March 31, 2019Year ending March 31, 2020

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen––

Yen
25.00

Yen
25.00

34.00

34.00

Year ending March 31, 2020 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
14,600
7.9
1,030
53.6
1,065
50.7
700
5.4
84.73

14. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2019(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:

Yes(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:

NoYes

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, 2019

8,650,369 shares As of March 31, 2019

8,650,369 shares

464,583 shares As of March 31, 2019351,218 shares

Number of treasury shares at the end of the period
As of December 31, 2019

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2019

8,286,293 shares Nine months ended December 31, 2018

2

8,299,355 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2019

As of December 31, 2019

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

4,012
2,761

4,218
1,885

Merchandise and finished goods
Work in process

15225

18630

Other
Allowance for doubtful accounts

177–179
(1)

7,192

6,930

303

298

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Patent right
Software
Software in progress
Other

10223
52

202
110

00

276

314

Investment securities
Deferred tax assets

41
296

40295

Other
Allowance for doubtful accounts

346
(23)

341
(23)

Total investments and other assets

660

654

1,240

1,267

8,433

8,198

Current liabilities
Accounts payable - trade

671

528

Accounts payable - other
Income taxes payable

304
178

259
173

Advances received
Provision for bonuses

180545293
267

Provision for bonuses for directors (and other officers)
Other

21545

–565

2,446

2,087

26

2667
31

67
24

Total intangible assets
Investments and other assets

Total non-current assets
Total assets
Liabilities

Total current liabilities
Non-current liabilities
Directors' retirement benefits payable
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities

3124

118

2,571

2,206

(Millions of yen)
As of March 31, 2019

As of December 31, 2019

Net assets
Shareholders' equityShare capital
Capital surplus

3,149562

3,149562

Retained earnings
Treasury shares

2,258(149)

2,580(349)

Total shareholders' equity

5,820

5,943

00

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

40040

47

5,861

5,991

8,433

8,198

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, 2018

December 31, 2019

Net sales
Cost of sales

9,309
7,364

10,268
7,882

Gross profit

1,944

2,385

Selling, general and administrative expenses

1,595

1,629

349

755

Interest income
Dividend income

1000

Insurance claim income
Subsidy income

028

436

Other

64

Total non-operating income

3746

Interest expenses
Loss on investments in investment partnerships

0–01

Commission for purchase of treasury shares
Other–
010

Total non-operating expenses

14385797––00

Operating profit
Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
OtherTotal extraordinary losses

–0385

797

Total income taxes

43257

Profit

342

540

79334

530

Profit before income taxes

Profit attributable to non-controlling interests
Profit attributable to owners of parent

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2018

December 31, 2019
342

540

Valuation difference on available-for-sale securities

00

Total other comprehensive income00

Comprehensive income

342

540

Comprehensive income attributable toComprehensive income attributable to owners of parent334

530

79

Comprehensive income attributable to non-controllinginterests

6