Summary of Financial Results for the Second Quarter of Fiscal Year 2016
(Six Months Ended June 30, 2016)[Japanese GAAP]
July 28, 2016

Company name: SENSHUKAI CO.,LTD.

Stock exchange: Tokyo Stock Exchange, First Section
8165
URL: http://www.senshukai.co.jp
Mr. Hiroyuki Hoshino, President and Representative Director
Mr. Takeshi Naito, Director, Executive Officer,
General Manager of the Corporate Development Division
Tel: +81-6-6881-3220
Scheduled date of filing of Quarterly Report: August 9, 2016
Scheduled date of payment of dividend: September 1, 2016
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results meeting: Yes
Stock code:
Representative:
Inquiries:(All amounts are rounded down to the nearest millions of yen)

1. Consolidated Financial Results for the 2nd Quarter of 2016 (January 1, 2016 – June 30, 2016)(1) Consolidated operating results (cumulative)(Percentages represent changes from the same period of the previous fiscal year)
Profit attributable toOperating income
Ordinary income
owners of parent

Net sales
Millions of yen%

Millions of yen%

2Q 2016
65,898(3.3)(403)
2Q 2015
68,161(7.9)(1,154)
Note: Comprehensive income (millions of yen)
2Q 2016: (4,389) (- %)Net income per share
2Q 2016
2Q 2015-

Millions of yen%

Millions of yen%

181(1,063)
2Q 2015: (645) (- %)162(1,219)-Diluted net income per share

Yen

Yen

3.11
(26.50)2.76-(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Equity ratio

Millions of yen

2Q 2016
97,672
Fiscal Year 2015
105,352
Reference: Shareholders’ equity (millions of yen) 2Q 2016: 48,926

48,97153,705

Net assets per share
%

Yen

50.1
51.0
Fiscal Year 2015: 53,678

940.41
1,028.17

2. Dividends
1Q-endDividend per share
3Q-end2Q-endYen

Yen

Year-end

Total

Yen

Yen

Yen

-

4.00

8.00

-

4.00

8.00

Fiscal Year 2015
4.00
Fiscal Year 2016
4.00
Fiscal Year 2016 (forecasts)
Note: Revision to the most recently announced dividend forecast: None

3. Consolidated Outlook for Fiscal Year 2016 (January 1, 2016 – December 31, 2016)(Percentages represent changes from the same period of the previous fiscal year)
Profit attributable to Net income
Operating income
Ordinary income
owners of parent
per share

Net sales
Millions of yen%

Millions of yen%

Millions of yen

Full Year 2016
133,700 (0.5)
1,300Note: Revision to the most recently announced consolidated outlook: None

1,750

%

Millions of yen

%

Yen

-

750

-

14.40

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
Newly added: -Excluded: -(2) Application of special accounting methods for presenting quarterly consolidated financial statements: Yes
Note: Please refer to “2. Matters Related to Summary Information (Notes), (2) Application of Special Accounting Methods
for Presenting Quarterly Consolidated Financial Statements” on page 3 for further information.

(3) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None
Note: Please refer to “2. Matters Related to Summary Information (Notes), (3) Changes in Accounting Policies andAccounting-based Estimates, and Restatements” on page 4 for further information.

(4) Number of shares outstanding (common shares)
1) Number of shares outstanding at the end of the period (including treasury shares)
2Q 2016:

52,230,393 sharesFiscal Year 2015:

52,230,393 sharesFiscal Year 2015:

23,256 shares

2) Number of treasury shares at the end of the period
2Q 2016:

203,324 shares

3) Average number of shares outstanding during the period
2Q 2016:

52,166,226 shares

2Q 2015:

46,012,057 shares

Note: The Senshukai stock held by the trust that is recorded as treasury shares under shareholders’ equity is included in thenumber of treasury shares at the end of 2Q (second quarter) 2016, and is deducted from the number of shares that isused to calculate the average number of shares outstanding during 2Q (cumulative second quarter) 2016.

* Disclosure regarding the implementation of quarterly review proceduresThis quarterly financial report is not subject to quarterly review procedures based on the Financial Instruments and ExchangeAct. Thus, at the time of its disclosure, the quarterly financial statement review procedures based on the Financial Instruments
and Exchange Act have not been completed.
* Cautionary statement with respect to forward-looking statements
The above projections are based on information available at the time of release of this report. Actual results could differ
significantly from these projections due to a variety of factors. For further details regarding the projections, please refer to page3, “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation of Consolidated Forecasts
and Other Forward-looking Statements.”

SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

Contents of Attachments
1. Qualitative Information on Quarterly Consolidated Financial Performance2(1) Explanation of Results of Operations

2(2) Explanation of Financial Position

3(3) Explanation of Consolidated Forecasts and Other Forward-looking Statements

3

2. Matters Related to Summary Information (Notes)

3(1) Changes in Significant Subsidiaries during the Period

3(2) Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements

3(3) Changes in Accounting Policies and Accounting-based Estimates, and Restatements

4

3. Quarterly Consolidated Financial Statements

5(1) Quarterly Consolidated Balance Sheet

5(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive
Income7

Quarterly Consolidated Statement of Income(For the Six-month Period)

7

Quarterly Consolidated Statement of Comprehensive Income(For the Six-month Period)8(3) Quarterly Consolidated Statement of Cash Flows

9(4) Notes to Quarterly Consolidated Financial Statements

10(Going Concern Assumption)

10(Significant Changes in Shareholders’ Equity)

10(Segment and Other Information)

10

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SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
In the cumulative second quarter (January 1, 2016 to June 30, 2016) of the current fiscal year, the Japanese
economy followed a gradual improvement trend in corporate earnings and the employment situation. However,concerns over a possible economic slowdown increased as the yen continued to appreciate and share prices
remained sluggish. In addition, the psychological effects of the 2016 Kumamoto Earthquake and concerns over a
global economic slowdown also affected the economic sentiment. Consumers remained budget-minded and priceconscious, taking a defensive stance toward spending. As a result, the operating environment remained
challenging.
The Senshukai Group is currently in the third year of the medium- to long-term management plan “Innovate for
Smiles 2018” that covers the five-year period ending in 2018. All group companies are focusing their energy onachieving the goals of this plan.
Net sales in the cumulative second quarter decreased 3.3% year-over-year to 65,898 million yen. This was mainly
because of the continuing decrease in repeat customers (*) from the previous fiscal year in our mainstay mail-orderbusiness. (*) Repeat customers: Customers who made purchases in the previous as well as the current fiscal years)
Operating loss was 403 million yen compared with a loss of 1,154 million yen in the same period of the previous
fiscal year. Despite the reduction in selling, general and administrative expenses, gross profit decreased due tolower sales. Ordinary income was 181 million yen compared with a loss of 1,063 million yen in the same periodof the previous fiscal year. The increase was mainly due to the share of profit of Watabe Wedding Corporation,
which was included as an affiliate accounted for using the equity method from the previous fiscal year. Profit
attributable to owners of parent was 162 million yen compared with a loss of 1,219 million yen in the same periodof the previous fiscal year.
Overview by segment(Mail-order Business)
Consolidated sales in the mail-order business, centered on the catalog and the Internet businesses, decreased 5.6%
year-over-year to 55,698 million yen in the cumulative second quarter. This was attributed to the weak
performance of apparel and fashion accessories, categories which represent relatively large shares of sales.
Operating efficiency improved, led by a lower cost to sales ratio and other cost reductions. However, thesebenefits were largely offset by lower sales. As a result, there was an operating loss of 280 million yen comparedwith a loss of 1,434 million yen in the same period of the previous fiscal year.
(Bridal Business)
Consolidated sales in the bridal business, centered on the house wedding business, increased 11.5%
year-over-year to 7,451 million yen in the cumulative second quarter due in part to contribution fromPLANETWORK CO.,LTD which was converted into a subsidiary in the previous fiscal year.
There was an operating loss of 384 million yen compared with operating income of 89 million yen in the same
period of the previous fiscal year as costs for openings of new facilities increased.
(Corporates Business)
Consolidated sales in the corporates business, which provides products and services to corporations, increased
10.3% year-over-year to 2,293 million yen, and operating income increased 54.0% to 289 million yen.
(Others)
Consolidated sales in other businesses, which provides services business (primarily insurance and credit card
services) and childcare business, increased 24.9% year-over-year to 454 million yen. There was an operating lossof 37 million yen compared with a loss of 4 million yen in the same period of the previous fiscal year.

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SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

(2) Explanation of Financial Position(Balance sheet position)
Assets totaled 97,672 million yen at the end of the second quarter of the current fiscal year, a decrease of 7,680
million yen from the end of the previous fiscal year.
Current assets decreased 5,208 million yen to 46,739 million yen. The main factors were decreases of 2,626
million yen in accounts receivable-other, 1,854 million yen in other, and 1,170 million yen in cash and deposits,
while there was an increase of 665 million yen in merchandise and finished goods. Non-current assets decreased
2,471 million yen to 50,932 million yen. The main factors were decreases of 891 million yen in property, plantand equipment, 491 million yen in intangible assets and 1,088 million yen in investments and other assets.
Current liabilities decreased 3,023 million yen to 28,386 million yen. The main factors were decreases of 2,011
million yen in other, 666 million yen in accounts payable-trade and 450 million yen in current portion of bonds,
while there was an increase of 438 million yen in electronically recorded obligations-operating. Non-current
liabilities increased 78 million yen to 20,314 million yen. The main factor was an increase of 834 million yen inother, while there was a decrease of 758 million yen in long-term loans payable.
Net assets decreased 4,734 million yen to 48,971 million yen. The main factors were decreases of 3,599 million
yen in deferred gains or losses on hedges and 798 million yen in valuation difference on available-for-salesecurities. Consequently, the equity ratio was 50.1%.
(Cash flow position)
The balance of cash and cash equivalents at the end of the second quarter of the current fiscal year was 13,127
million yen, a decrease of 1,175 million yen from the end of the previous fiscal year.
Operating activities provided net cash of 1,519 million yen (net cash provided of 3,141 million yen in the same
period of the previous fiscal year). The main cash inflows include a decrease in other current assets of 2,539
million yen and depreciation of 1,602 million yen. The main cash outflows were a decrease in other current
liabilities of 2,519 million yen.
Investing activities used net cash of 617 million yen (net cash used of 3,653 million yen in the same period of theprevious fiscal year). The main cash inflows were proceeds from sales of property, plant and equipment of 962
million yen. The main cash outflows were 1,352 million yen for the purchase of property, plant and equipment
and 411 million yen for the purchase of intangible assets.
Financing activities used net cash of 2,005 million yen (net cash provided of 10,844 million yen in the same
period of the previous fiscal year). The main cash inflows were the proceeds from long-term loans payable of 100
million yen. The main cash outflows were 1,216 million yen for the repayments of long-term loans payable, 450
million yen for redemption of bonds and 209 million yen for cash dividends paid.
(3) Explanation of Consolidated Forecasts and Other Forward-looking Statements
Senshukai currently maintains its consolidated outlook for the current fiscal year (January 1, 2016 to December
31, 2016) that was revised and released on July 22, 2016.
2. Matters Related to Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Period
Not applicable.
(2) Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements(Calculation of tax expense)
The tax expenses are calculated by first reasonably estimating the effective tax rate after the application of tax
effect accounting with respect to profit before income taxes for the fiscal year in which the quarter under review
falls, and multiplying that rate by the profit before income taxes for the quarter under review. However, theCompany uses legally stipulated effective tax rates to calculate tax expenses for cases in which using estimatedtax rates gives a noticeably irrational result.
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SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

(3) Changes in Accounting Policies and Accounting-based Estimates, and Restatements(Application of the Accounting Standard for Business Combinations, etc.)
The Company has applied the “Accounting Standard for Business Combinations” (Accounting Standards Board ofJapan (ASBJ) Statement No. 21, September 13, 2013), “Accounting Standard for Consolidated Financial
Statements” (ASBJ Statement No. 22, September 13, 2013), “Accounting Standard for Business Divestitures”(ASBJ Statement No. 7, September 13, 2013), etc. from the first quarter. Accordingly, difference arising fromchanges in the Company’s ownership interests in subsidiaries in cases where control is retained is recognized incapital surplus, and acquisition-related costs in connection with business combinations are recognized as expenses
in the fiscal year in which they arise. Regarding business combinations that take place on or after the beginning of
the first quarter, the Company has revised the method to reflect reviewed allocation of the acquisition costs arisingfrom determination of the provisional accounting treatment on the quarterly consolidated financial statements towhich the date of the business combination belongs. In addition, the presentation of net income and other items
has been revised, and the minority interests item has been renamed non-controlling interests. For consistency withthese changes, the consolidated financial statements for the cumulative second quarter of the previous fiscal year
and the previous fiscal year have been revised.
The Company has adopted these accounting standards, etc. from the beginning of the first quarter, in accordancewith the transitional accounting treatments set forth in Article 58-2 (4) of the Accounting Standard for Business
Combinations, Article 44-5 (4) of the Accounting Standard for Consolidated Financial Statements, and Article
57-4 (4) of the Accounting Standard for Business Divestitures.
The application of these standards has no effect on earnings.
(Application of Practical Solution on a Change in Depreciation Method due to Tax Reform 2016)
Following the change in the Corporation Tax Act, the Company has applied the “Practical Solution on a Change inDepreciation Method due to Tax Reform 2016” (ASBJ Practical Issues Task Force (PITF) No. 32, June 17, 2016)
from the second quarter of the current fiscal year, and changed the depreciation method for equipment attached tobuildings and structures acquired on or after April 1, 2016, from the declining-balance method to the straight-line
method.
The effect of this change on earnings is insignificant.

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SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet(Millions of yen)
Fiscal Year 2015
(As of Dec. 31, 2015)

2Q 2016(As of Jun. 30, 2016)

AssetsCurrent assets
Cash and deposits

14,303

13,132

Notes and accounts receivable-trade

4,046

3,802

Merchandise and finished goods

18,025

18,691

Accounts receivable-other

9,781

7,155

Other

6,013

4,158

Allowance for doubtful accounts

(222)

(200)

51,947

46,739Buildings and structures, net

16,052

17,087Land

12,091

11,427

Other, net

3,826

2,563

Total property, plant and equipment

31,97031,078

2,243

2,135

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

Intangible assets
Goodwill
Other

2,853

2,469

Total intangible assets

5,097

4,605

Investment securities

9,877

9,041

Other

6,726

6,473

Investments and other assets

Allowance for doubtful accounts

(265)

(265)

Total investments and other assets

16,337

15,24953,40450,932

105,352

97,672

Total non-current assets
Total assets-5-

SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

(Millions of yen)
2Q 2016(As of Jun. 30, 2016)

Fiscal Year 2015
(As of Dec. 31, 2015)
Liabilities
Current liabilities
Electronically recorded obligations-operating

11,084

11,522

Accounts payable-trade

5,346

4,680

Short-term loans payable

2,111

1,724

Current portion of bonds

450-

Income taxes payable

121

195

Provision for sales promotion expenses

402

381

Other

11,892

9,881

Total current liabilities

31,41028,386

Bonds with subscription rights to shares

7,000

7,000

Long-term loans payable

9,181

8,423

Net defined benefit liability

93

94

Non-current liabilities

Other

3,961

4,796

Total non-current liabilities

20,236

20,31451,647

48,701

Capital stock

22,30422,304

Capital surplus

23,86023,860Retained earnings

11,00911,335

(15)

(151)

57,15957,349

1,756

958

Deferred gains or losses on hedges

1,282(2,316)

Revaluation reserve for land

(6,629)(6,983)Foreign currency translation adjustment

110

(57)

Remeasurements of defined benefit plans

(1)

(22)

(3,481)(8,422)

Total liabilities
Net assets
Shareholders’ equity

Treasury shares
Total shareholders’ equity
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

-6-

27

44

53,705

48,971

105,352

97,672SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive
Income(Quarterly Consolidated Statement of Income)(For the Six-month Period)
2Q 2015(Jan. 1, 2015 – Jun. 30, 2015)(Millions of yen)
2Q 2016(Jan. 1, 2016 – Jun. 30, 2016)

Net sales

68,16165,898

Cost of sales

36,451

34,377Gross profit

31,71031,520

Selling, general and administrative expenses

32,86431,924

Operating loss

(1,154)(403)

Interest income

62

14

Dividend income

76

79

Gain on adjustment of account payable
Share of profit of entities accounted for using equity
method
Other

127

158

25

393

172

108

Total non-operating income

465

754

97

82

Non-operating income

Non-operating expenses
Interest expenses
Other

277

87

Total non-operating expenses

374

169

(1,063)

181

Gain on sales of non-current assets

170

Subsidy income

150-

Total extraordinary income

167

0

Loss on sales and retirement of non-current assets

29

1

Loss on reduction of non-current assets

148-

Ordinary income (loss)
Extraordinary income

Extraordinary losses

Impairment loss

88-

Total extraordinary losses

266

1Profit (loss) before income taxes(1,162)

180

Income taxes

74

1

Profit (loss)(1,236)

179

(17)

16

(1,219)

162

Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent-7-

SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016

(Quarterly Consolidated Statement of Comprehensive Income)(For the Six-month Period)
2Q 2015(Jan. 1, 2015 – Jun. 30, 2015)
Profit (loss)(Millions of yen)
2Q 2016(Jan. 1, 2016 – Jun. 30, 2016)(1,236)

179

Valuation difference on available-for-sale securities

873

(789)

Deferred gains or losses on hedges

Other comprehensive income(349)(3,506)

Revaluation reserve for land

53

18

Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method

10

(66)

4

(223)

Total other comprehensive income

591(4,568)(645)(4,389)(628)(4,406)(17)

16

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-8-

SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016(3) Quarterly Consolidated Statement of Cash Flows(Millions of yen)
2Q 2015
2Q 2016(Jan. 1, 2015 – Jun. 30, 2015) (Jan. 1, 2016 – Jun. 30, 2016)
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for sales promotion expenses
Interest and dividend income
Interest expenses
Share of (profit) loss of entities accounted for using equity method
Loss (gain) on sales and retirement of non-current assets
Loss on reduction of non-current assets
Subsidy income
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes (paid) refund
Extra retirement payments
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Proceeds from subsidy income
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of investment securities
Proceeds from redemption of investment securities
Purchase of shares of subsidiaries
Proceeds from transfer of business
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from share issuance to non-controlling shareholders
Redemption of bonds
Proceeds from issuance of common shares
Purchase of treasury shares
Proceeds from disposal of treasury shares
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-9-(1,162)
1,400
88
(65)
148
(139)
97
(25)
12
148
(150)
2,523
1,714
2,470
(159)
(2,346)
(517)
4,037
127
(104)
(919)
3,141

180
1,602
(22)
(20)
(94)
82
(393)
0
231
(686)
2,539
(268)
(2,519)
922
1,554
113
(87)
352
(414)
1,519

(1,953)
131
(404)
150
(1,000)
300
(612)
(264)
(3,653)(1,352)
962
(411)
100
(89)
(100)
216
56
(617)

(70)
5,600
(1,341)
80
(350)
3,868
(0)
3,637
(513)
(65)
10,84466
10,3987,910
18,309(30)
100(1,216)
(450)
(136)
0
(209)
(63)
(2,005)(71)(1,175)
14,303
13,127SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2016(4) Notes to Quarterly Consolidated Financial Statements(Going Concern Assumption)
Not applicable.
(Significant Changes in Shareholders’ Equity)
Not applicable.
(Segment and Other Information)
I 2Q 2015 (Jan. 1, 2015 – Jun. 30, 2015)
1. Information related to sales and profit or loss for each reportable segment(Millions of yen)

Reportable segment

Net sales
Sales to customers
Inter-segment sales
or transfers
Total

Corporates
Sub-total
business

Others(Note 1)

Total

Amounts shown onquarterly
Adjustment
consolidated(Note 2)statement of income(Note 3)Mail-orderbusiness

Bridalbusiness

59,033

6,685

2,078

67,797364

68,161-

68,161

409

-

80

490

0

490

(490)

-

59,443

6,685

2,159

68,288364

68,652(490)

68,161

Segment profit (loss)(1,434)89
188(1,156)(4)(1,160)6(1,154)
Notes: 1. Others represent the businesses which are not included in any of the three reportable segments and consist mainly of
the services business primarily offering insurance and credit card services, and childcare business.
2. The 6 million yen adjustment to segment profit (loss) comprises elimination for inter-segment transactions.
3. Segment profit (loss) is adjusted to be consistent with operating loss shown on the quarterly consolidated statementof income.

2. Information related to impairment of non-current assets, goodwill, etc. for each reportable segment
No major events or changes occurred.
II 2Q 2016 (Jan. 1, 2016 – Jun. 30, 2016)
1. Information related to sales and profit or loss for each reportable segment
Reportable segment

Net sales
Sales to customers
Inter-segment sales
or transfers
Total

Corporates
Sub-total
business

Others(Note 1)

Total

(Millions of yen)Amounts shown onquarterly
Adjustment
consolidated(Note 2)statement of income(Note 3)Mail-orderbusiness

Bridalbusiness

55,698

7,451

2,293

65,443454

65,898-65,898

442

-

51

493

0

494

(494)

-

56,141

7,451

2,344

65,936455

66,392(494)

65,898Segment profit (loss)
(280)
(384)
289
(375)
(37)
(413)
10
(403)
Notes: 1. Others represent the businesses which are not included in any of the three reportable segments and consist mainly of
the services business primarily offering insurance and credit card services, and childcare business.
2. The 10 million yen adjustment to segment profit (loss) comprises elimination for inter-segment transactions.
3. Segment profit (loss) is adjusted to be consistent with operating loss shown on the quarterly consolidated statementof income.

2. Information related to impairment of non-current assets, goodwill, etc. for each reportable segment
No major events or changes occurred.
* This financial report is solely a translation of summary of “Kessan Tanshin” (in Japanese, including attachments), which has
been prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience ofreaders who prefer an English translation.

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