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, 2017
(Based on Japanese GAAP)
February 2, 2018
Company name:
CREO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

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

Junichi Kakizaki

Inquiries:
Managing Director, Financial DirectorScheduled date to file Quarterly Securities Report:

Takashi Ameda
February 14, 2018

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, 2017 (from April 1, 2017 to December 31, 2017)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended December 31, 2017
Nine months ended December 31, 2016

Millions of yen
8,497
8,085

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
5.1
114
–
151 971.1
102
–
14.9
(16)
–14 (87.9)(31)–Earnings per share

Diluted earnings per share

Yen
12.36
(3.70)

Nine months ended December 31, 2017
Nine months ended December 31, 2016

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2017
As of March 31, 2017

Net assets

Millions of yen
7,032
7,255

Equity ratio

Millions of yen
5,113
5,160%
72.2
70.7

2. Cash dividends
Annual dividends per share

Year ended March 31, 2017
Year ending March 31, 2018

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.00
0.00

Yen––

Yen
13.00

Yen
13.00

14.00

14.00

Year ending March 31, 2018 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Full year
12,500
8.1
400
34.8
410
22.9
280
3.91

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2017(changes in specified subsidiaries resulting in the change in scope of consolidation):Yes(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:

NoNo

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, 2017

8,650,369 shares As of March 31, 2017

8,650,369 shares

350,927 shares As of March 31, 2017257,720 shares

Number of treasury shares at the end of the period
As of December 31, 2017

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2017

8,312,446 shares Nine months ended December 31, 2016

28,634,185 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2017
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Other
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
OtherTotal intangible assets

As of December 31, 2017

3,328
2,234
2
145
278

3,429
1,691
26
568
217

5,990

5,933

352

335

132
468

103
381

600

484

Investments and other assets
Other
Allowance for doubtful accounts

335
(23)

301
(23)

Total investments and other assets

312

278

1,265

1,098

7,255

7,032

Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Other

531
65
395
4
944

501
51
247
–
973

Total current liabilities

1,941

1,773

26–
59
68

26
06254

Total non-current assets
Total assets

Non-current liabilities
Directors' retirement benefits payable
Net defined benefit liability
Asset retirement obligations
Other154

144

Total liabilities

Total non-current liabilities

2,095

1,918

Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares

3,149
562
1,521(106)

3,149
562
1,515(148)

5,127

5,078

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

Total shareholders' equity

10

Total accumulated other comprehensive income10

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

331

34

5,160

5,113

7,255

7,032

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, 2016

December 31, 2017

Net sales
Cost of sales

8,085
6,638

8,497
6,822

Gross profit

1,447

1,675

Selling, general and administrative expenses

1,464

1,561(16)114

Interest income
Dividend income

03

10

Subsidy income
Other151227
8Total non-operating income

3238

00

Other

10

Total non-operating expenses

21

Ordinary profit

14151

Extraordinary income
Gain on sales of investment securities

727

219–

Other

03

Total extraordinary losses

203Profit before income taxes

1149

Income taxes - current

2334

Operating profit (loss)
Non-operating income

Non-operating expenses
Interest expenses

Total extraordinary income
Extraordinary losses
Head office transfer cost

Income taxes - deferred

37

Total income taxes

2642

Profit (loss)

(25)

107

Profit attributable to non-controlling interests

65Profit (loss) attributable to owners of parent

(31)

102

4

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

Profit (loss)
Other comprehensive income

Nine months ended

Nine months ended

December 31, 2016

December 31, 2017
(25)

107

Valuation difference on available-for-sale securities

(1)

(1)

Total other comprehensive income

(1)

(1)

Comprehensive income

(27)

106

Comprehensive income attributable toComprehensive income attributable to owners of parent

(33)

101

65

Comprehensive income attributable to non-controllinginterests

5