August 4, 2017
(Translation)
Dear Sir/Madam,Company:
Representative:

JP-HOLDINGS, INC.
Kazuhiro Ogita,
President and Representative Director(Stock Code: 2749, First Section of TSE)

Contact:

Mika Matsumiya,
General Manager of Administration Div.
(TEL +81-52-933-5419)(Correction)
Notice Concerning Partial Correction to the “Summary of Business Results for the First Quarter Ended
June 30, 2016 [Japan GAAP] (Consolidated)”
JP-HOLDINGS, INC. announces that portions of the “Summary of Business Results for the First Quarter Ended
June 30, 2016 [Japan GAAP] (Consolidated)” released on August 5, 2016 have been corrected.
Underlined portions of this document indicate corrections.

1. Reason for Correction
As for the reason for the correction, please refer to the “Notice Concerning the Errors Relating to Consolidated
Financial Statements for Prior Years” released on July 18, 2017.

2. Details of Correction(Summary information)（Rounded down to million yen）

１. Consolidated business results for the three months ended June 2016
(April 1, 2016 through June 30, 2016)(1) Consolidated results of operations(% change from the previous corresponding period)(Before correction)
Net sales
Three months ended Jun. 2016
Three months ended Jun. 2015
(Note) Comprehensive income

Million yen
5,424
4,881

Operating income
%
11.1
15.4

Million yen
99
248

%
-60.0
13.4

Three months ended June 2016: 72 million yen (-63.5 %)Three months ended June 2015: 199 million yen (12.7 %)Net income
Diluted net income perper share
share
Yen
Yen
Three months ended Jun. 2016
0.97
Three months ended Jun. 2015
2.36
-

－ 1 －

Ordinary income
Million yen
138
280

%
-50.5
9.5

Net income attributable toowners of parent

Million yen
81
197

%
-58.9
9.3

(After correction)
Net sales
Three months ended Jun. 2016
Three months ended Jun. 2015
(Note) Comprehensive income

Million yen
5,424
4,881

Operating income
%
11.1
15.4

Million yen
70210

Ordinary income

%
-66.5
7.6

Million yen
109
241

%
-54.7
4.2

Net income attributable toowners of parent

Million yen
62
182

%
-65.9
14.6

Three months ended June 2016: 53 million yen (-70.8 %)Three months ended June 2015: 183 million yen (18.7 %)Net income
Diluted net income perper share
share
Yen
Yen
Three months ended Jun. 2016
0.74
Three months ended Jun. 2015
2.18-

(2) Consolidated financial position(Before correction)
Total assets

Net assets

Million yen
21,974
21,519As of Jun. 30, 2016
As of Mar. 31, 2016

Million yen
6,282
6,570

Shareholders’ equity
ratio
%
28.6
30.5

(Reference) Shareholders’ equity
As of June 30, 2016: 6,278 million yen
As of March 31, 2016: 6,566 million yen(After correction)
Total assets

Net assets

Million yen
21,84621,126

As of Jun. 30, 2016
As of Mar. 31, 2016

Million yen
5,972
6,279

Shareholders’ equity
ratio
%
27.3
29.7

(Reference) Shareholders’ equity
As of June 30, 2016: 5,968 million yen
As of March 31, 2016: 6,275 million yen

3．Forecast of consolidated business results for the fiscal year ending March 2017
(April 1, 2016 through March 31, 2017)(Before correction)(% change from the previous corresponding period)
Net sales

Operating income

Million yen

Year ending Mar. 2017

22,340%

8.7

Million yen

1,564

Net income attributable toowners of parent

Ordinary income
%

-14.8

Million yen

1,651

%

-12.4

Million yen

1,057

Net income
per share

%

-11.9

Yen

12.68

(After correction)(% change from the previous corresponding period)
Net sales

Operating income

Million yen

Year ending Mar. 2017

22,340%

8.7

Million yen

1,564

%

-9.7

－ 2 －

Net income attributable toowners of parent

Ordinary income
Million yen

1,651

%

-7.3

Million yen

1,057

Net income
per share

%

-1.3

Yen

12.68

1. Qualitative Information on Quarterly Financial Results(1) Results of Operations(Before correction)
For the above reasons, for the first quarter of the consolidated fiscal year ending March 2017, sales were 5,424 million
yen, up 11.1% year on year, operating income was 99 million yen, down 60.0% year on year, ordinary income was 138
million yen, down 50.5% year on year, and net income attributable to owners of parent was 81 million yen, down
58.9% year on year.
(After correction)
For the above reasons, for the first quarter of the consolidated fiscal year ending March 2017, sales were 5,424 million
yen, up 11.1% year on year, operating income was 70 million yen, down 66.5% year on year, ordinary income was 109
million yen, down 54.7% year on year, and net income attributable to owners of parent was 62 million yen, down
65.9% year on year.

(2) Financial Position(Before correction)
Assets, Liabilities and Net Assets
The total assets as of the end of the first quarter of the consolidated fiscal year ending March 2017 amounted to21,974 million yen, up 455 million yen from the end of the previous fiscal year.
Current assets totaled up to 7,637 million yen, up 683 million yen from the end of the previous fiscal year, mainly
because cash and deposits increased by 1,253 million yen and deferred tax assets increased by 120 million yen, whileaccounts receivable, other current assets, and inventory assets decreased by 442 million yen, 177 million yen, and74 million yen, respectively.
Fixed assets totaled up to 14,336 million yen, down 228 million yen from the end of the previous fiscal year, mainly
because buildings and structures increased by 936 million yen and tools, furniture, and fixtures increased by 59
million yen, while construction in progress decreased by 1,223 million yen.
The total liabilities amounted to 15,691 million yen, up 743 million yen from the end of the previous fiscal year.
Current liabilities totaled up to 6,371 million yen, up 421 million yen from the end of the previous fiscal year, mainly
because accounts payable increased by 377 million yen and other current liabilities increased by 512 million yen,while reserve for bonuses and accrued income tax, etc. decreased by 237 million yen and 207 million yen,respectively.
Fixed liabilities totaled up to 9,319 million yen, up 321 million yen from the end of the previous fiscal year, mainly
because long-term loans payable, asset retirement obligation, and net defined benefit liability increased by 277
million yen, 28 million yen, and 15 million yen, respectively.
Total net assets as of the end of the first quarter of the consolidated fiscal year ending March 2017 totaled up to 6,282
million yen, down 288 million yen from the end of the previous fiscal year, mainly because retained earnings decreased
through the payment of dividends.

－ 3 －(After correction)
Assets, Liabilities and Net Assets
The total assets as of the end of the first quarter of the consolidated fiscal year ending March 2017 amounted to
21,846 million yen, up 720 million yen from the end of the previous fiscal year.
Current assets totaled up to 7,561 million yen, up 945 million yen from the end of the previous fiscal year, mainly
because cash and deposits, deferred tax assets, and other current assets increased by 1,253 million yen, 119 million
yen, and 85 million yen, respectively, while accounts receivable decreased by 442 million yen and inventory assets
decreased by 74 million yen.
Fixed assets totaled up to 14,285 million yen, down 225 million yen from the end of the previous fiscal year, mainly
because buildings and structures increased by 940 million yen and tools, furniture, and fixtures increased by 59
million yen, while construction in progress decreased by 1,223 million yen.
The total liabilities amounted to 15,874 million yen, up 1,027 million yen from the end of the previous fiscal year.
Current liabilities totaled up to 6,554 million yen, up 705 million yen from the end of the previous fiscal year, mainly
because accounts payable increased by 378 million yen and other current liabilities increased by 512 million yen,while reserve for bonuses and accrued income tax, etc. decreased by 237 million yen and 176 million yen,respectively.
Fixed liabilities totaled up to 9,319 million yen, up 321 million yen from the end of the previous fiscal year, mainly
because long-term loans payable, asset retirement obligation, and net defined benefit liability increased by 277
million yen, 28 million yen, and 15 million yen, respectively.
Total net assets as of the end of the first quarter of the consolidated fiscal year ending March 2017 totaled up to 5,972
million yen, down 306 million yen from the end of the previous fiscal year, mainly because retained earnings decreased
through the payment of dividends.

－ 4 －3. [Quarterly Consolidated Financial Statements](1) [Quarterly Consolidated Balance Sheet]（Before correction）(Thousand yen)Previous Fiscal Year
(March 31, 2016)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Investment securities
Inventories
Deferred tax assets
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation and impairment loss
Tools, furniture and fixtures, net
LandConstruction in progress
Total tangible fixed assets
Intangible fixed assets
Other
Total intangible fixed assets
Investments and other assets
Investment securities
Long-term loans receivable
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets－ 5 －Current First Quarter(June 30, 2016)

3,777,936
41,83921,02798,453442,078
1,770,729
802,493-549
6,954,010

5,031,900
45,804
20,40824,251
562,435
1,328,027
625,290-621
7,637,496

8,404,192-2,448,271
5,955,921
9,148-4,1305,017
484,281-284,812
199,469
980,894
1,759,076
8,900,378

9,427,600-2,535,097
6,892,502
9,148-4,367
4,780
556,539-297,536
259,003
980,894535,856
8,673,037

12,135
12,135

11,831
11,831

313,534
2,881,772
1,628,547
164,472
679,407-15,213
5,652,521
14,565,035
21,519,046

302,1092,879,492
1,626,197
173,531
685,552-15,180
5,651,703
14,336,572
21,974,069

(Thousand yen)Previous Fiscal Year
(March 31, 2016)

Liabilities
Current liabilities
Notes and accounts payable-trade
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Reserve for bonuses
Asset retirement obligation
Other
Total current liabilities
Fixed liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Long-term accounts payable - other
Asset retirement obligation
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
CapitalCapital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets－ 6 －Current First Quarter(June 30, 2016)

191,1072,935,368
691,961
364,677
67,491
334,000
23,892
1,341,386
5,949,884

158,1132,987,028
1,069,888
157,224
45,42696,275
4,392
1,853,438
6,371,787

8,457,330
2,240
377,7144,950
156,505
8,998,740
14,948,625

8,734,803
2,388
393,018
4,950
184,720
9,319,880
15,691,668

1,603,955
1,449,544
4,798,586-1,208,168
6,643,918

1,603,955
1,449,544
4,440,355-1,129,545
6,364,308-52,792-24,742-77,534
4,036
6,570,420
21,519,046-63,574-22,355-85,930
4,022
6,282,401
21,974,069

（After correction）(Thousand yen)Previous Fiscal Year
(March 31, 2016)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Investment securities
Inventories
Deferred tax assets
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation and impairment loss
Tools, furniture and fixtures, net
LandConstruction in progress
Total tangible fixed assets
Intangible fixed assets
Other
Total intangible fixed assets
Investments and other assets
Investment securities
Long-term loans receivable
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets－ 7 －Current First Quarter(June 30, 2016)

3,777,936
41,83921,02798,453426,1311,770,729
480,184-549
6,615,754

5,031,900
45,804
20,40824,251
545,367
1,328,027
565,941-621
7,561,079

8,404,192-2,576,335
5,827,856
9,148-4,1305,017
484,281-285,659
198,621980,894
1,759,076
8,771,467

9,427,600-2,659,504
6,768,095
9,148-4,367
4,780
556,539-298,295
258,243
980,894535,856
8,547,871

12,135
12,135

11,831
11,831

313,534
2,881,772
1,628,547
208,818
709,905-15,213
5,727,363
14,510,966
21,126,721

302,1092,879,492
1,626,197
216,589
716,820-15,180
5,726,029
14,285,731
21,846,811

(Thousand yen)Previous Fiscal Year
(March 31, 2016)

Liabilities
Current liabilities
Notes and accounts payable-trade
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Reserve for bonuses
Asset retirement obligation
Other
Total current liabilities
Fixed liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Long-term accounts payable - other
Asset retirement obligation
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
CapitalCapital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets－ 8 －Current First Quarter(June 30, 2016)

191,1072,935,368
701,478
253,518
67,491
334,000
23,892
1,341,386
5,848,243

158,1132,987,028
1,079,555
77,111
298,259
96,275
4,392
1,853,438
6,554,174

8,457,330
2,240
377,7144,950
156,505
8,998,740
14,846,984

8,734,803
2,388
393,018
4,950
184,720
9,319,880
15,874,055

1,603,955
1,449,544
4,507,903-1,208,168
6,353,234

1,603,955
1,449,544
4,130,710-1,129,545
6,054,663-52,792-24,742-77,534
4,036
6,279,737
21,126,721-63,574-22,355-85,930
4,022
5,972,756
21,846,811

(2) [Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income][Quarterly Consolidated Statement of Income][First Quarter of FY3/17]（Before correction）(Thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Subsidy income
Guarantee commission received
Other
Total non-operating revenues
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary loss
Loss on retirement of non-current assets
Total extraordinary loss
Income before income taxes and others
Corporate, inhabitant and enterprise taxes
Income taxes-deferred
Total income taxes
Net income
Net loss attributable to non-controlling interests
Net income attributable to owners of parent－ 9 －Previous First Quarter(April 1, 2015–
June 30, 2015)
4,881,898
4,205,075
676,823
427,978
248,845

Current First Quarter(April 1, 2016–
June 30, 2016)
5,424,869
4,685,085
739,784
640,357
99,427

11,771
23,812
5,939
41,524

15,98816,98016,402
4,664
54,034

10,2330
10,234
280,135

12,4162,486
14,903
138,559

280,135
235,273-152,218
83,054
197,080-13
197,094310
310
138,248
183,044-125,794
57,24980,998-14
81,013（After correction）(Thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Subsidy income
Guarantee commission received
Other
Total non-operating revenues
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary loss
Loss on retirement of non-current assets
Total extraordinary loss
Income before income taxes and others
Corporate, inhabitant and enterprise taxes
Income taxes-deferred
Total income taxes
Net income
Net loss attributable to non-controlling interests
Net income attributable to owners of parent－ 10 －

Previous First Quarter(April 1, 2015–
June 30, 2015)
4,881,898
4,234,449
647,449
436,855
210,594

Current First Quarter(April 1, 2016–
June 30, 2016)
5,424,630
4,706,519
718,111647,599
70,512

11,771
23,812
5,939
41,524

15,98816,98016,402
4,664
54,034

10,2330
10,234
241,884

12,4162,486
14,903
109,643

241,884
221,126-161,233
59,893
181,990-13
182,004

310
310
109,333
170,680-123,384
47,29662,037-14
62,051

[Quarterly Consolidated Statement of Comprehensive Income][First Quarter of FY3/17](Before correction)(Thousand yen)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholdersof the parent company
Comprehensive income attributable to non-controllinginterests

Previous First Quarter(April 1, 2015–
June 30, 2015)
197,080

Current First Quarter(April 1, 2016–
June 30, 2016)
80,998

926
1,068
1,995
199,075-10,7812,386-8,39572,603

199,089

72,617-13-14

Previous First Quarter(April 1, 2015–
June 30, 2015)
181,990

Current First Quarter(April 1, 2016–
June 30, 2016)
62,037

926
1,068
1,995
183,986-10,7812,386-8,39553,641

184,000

53,655-13-14(After correction)(Thousand yen)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholdersof the parent company
Comprehensive income attributable to non-controllinginterests－ 11 －