Summary of Business Results for the Second Quarter Ended September 30, 2013
[Japan GAAP] (Non-consolidated)
October 31, 2013
Company
Stock Code
Representative
Contact

Listed on the TSE/NSETOSHO CO., LTD8920
URL http://www.to-sho.net/
Toshihiro Kutsuna, President and CEO
Naoya Kuwazoe,
T E L: +81-566-79-3111
Managing Director, Manager of Administrative Dept.
Expected date of filing of quarterly report: November 5, 2013
Expected starting date of dividend payment: December 11, 2013
Preparation of quarterly supplementary financial document: None
Quarterly results briefing: Yes (For individual and institutional investors and analysts)（Rounded down to million yen）

１. Business results for the six months ended September 2013 (April 1, 2013 through September 30, 2013)(1) Results of operations(% change from the previous corresponding period)

Six months ended Sept. 2013
Six months ended Sept. 2012

Net sales
Million yen%
7,361
12.8
6,525
10.7

Operating income
Million yen%
1,740
12.6
1,546
22.5

Net income
per share

Diluted net income pershare
Yen――Yen
49.76
48.45

Six months ended Sept. 2013
Six months ended Sept. 2012

Ordinary income
Million yen%
1,683
15.7
1,455
24.3

Net income
Million yen%
915
7.4
852
28.8

Shareholders’ equity
ratio%
36.5
37.0

Net assets pershare(2) Financial position
Total assets

Net assets

Million yen
31,42928,874As of Sept. 2013
As of Mar. 2013

Million yen
11,471
10,686

Yen
623.81581.09(Reference) Shareholders’ equity:
As of September 2013: 11,471 million yen
As of March 2013:
10,686 million yen
2. Dividends
End of 1Q
YenYen――Year ended Mar. 2013
Year ending Mar. 2014
Year ending Mar. 2014 (forecast)

Annual dividend
End of 3Q

End of 2Q

Year-end
Yen

7.00
8.00

TotalYen

Yen―

7.00

14.00

―

8.00

16.00

(Note) Revisions to dividend forecast for the current quarter: None

3．Forecast of business results for the fiscal year ending March 2014 (April 1, 2013 through March 31, 2014)(% change from the previous corresponding period)
Net sales
Million yen
Year ending Mar. 2014

14,600Operating income%

10.0

Ordinary income

Net income

Million yen%

Million yen%

Million yen

3,390

11.4

3,200

12.5

1,780

(Note) Revisions to business forecast for the current quarter: None－ 1 －Net income pershareYen%
11.996.79※Notes(1) Application of accounting procedures specific to preparation of the quarterly financial statements: None
(2) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: None: None(3) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of September 2013
18,392,000 shares
As of March 2013
18,392,351 shares②Treasury stock at the end of period
As of September 2013
2,990 shares
As of March 2013
2,491 shares③Average number of stock during period (quarterly cumulative period)
Six months ended September 2013
18,389,337 shares
Six months ended September 2012
17,590,351 shares※Implementation status of quarterly review procedure
At the time of disclosure of this report, the procedures for review of financial statements pursuant to the Financial
Instruments and Exchange Act are being conducted.
※Explanation regarding appropriate use of business forecasts and other special instructions
The above forecasts regarding future performance in this material are based on information currently available to theCompany and certain assumptions that the company deems to be reasonable at the time this report was prepared. The
Company does not make promises about the achievements. Actual results may differ significantly from the forecasts dueto various factors.

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