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 Fiscal Year Ended
March 31, 2017 [Japan GAAP] (Consolidated)”
JP-HOLDINGS, INC. announces that portions of the “Summary of Business Results for the Fiscal Year Ended
March 31, 2017 [Japan GAAP] (Consolidated)” released on May 9, 2017 have been corrected. As there were alsochanges in the numeric data, the corrected data has been disclosed.
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 fiscal year ended March 2017
(April 1, 2016 through March 31, 2017)(1) Consolidated results of operations(% change from the previous corresponding period)(Before correction)
Net sales

Operating income

Million yen% Million yen
Year ended Mar. 2017
22,80010.9
1,263Year ended Mar. 2016
20,55215.0
1,834(Note) Comprehensive income:Year ended March 2017: 691 million yen (-38.8%)
Year ended March 2016: 1,130 million yen (16.3%)
Net income
per share

Diluted net income
per share

Yen
Year ended Mar. 2017
8.06
Year ended Mar. 2016
14.32
(Reference) Investment earnings/loss on equity-method:Year ended March 2017: - million yen
Year ended March 2016: - million yen

Ordinary income

%
-31.1
28.2

Million yen
1,445
1,884

Return on
equity

Yen
-

%
9.9
19.4

-1-

%
-23.3
15.2

Net income attributableto owners of parent
Million yen %
677
-43.3
1,195
19.1

Ratio of ordinary
income to total
assets
%6.3
9.3

Ratio of operating
income to net sales
%
5.5
8.9

(After correction)
Net sales

Operating income

Million yen% Million yen
Year ended Mar. 2017
22,79910.9
1,168
Year ended Mar. 2016
20,55215.0
1,732(Note) Comprehensive income:Year ended March 2017: 675 million yen (-32.9%)
Year ended March 2016: 1,006 million yen (15.3%)
Net income
per share

%
-32.5
28.7

Diluted net income
per share

Yen
Year ended Mar. 2017
7.87
Year ended Mar. 2016
12.84
(Reference) Investment earnings/loss on equity-method:Year ended March 2017: - million yen
Year ended March 2016: - million yen

Net income attributable toowners of parent

Ordinary income
Million yen
1,350
1,781

Return on
equity

Yen

%

-

10.1
18.0

%
-24.2
14.9

Million yen
661
1,071

Ratio of ordinary
income to total
assets
%
6.0
8.9

%
-38.3
18.5

Ratio of operating
income to net sales
%
5.1
8.4

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

Net assets

Million yen
As of Mar. 31, 201724,191
As of Mar. 31, 2016
21,519(Reference) Shareholders’ equity:
As of March 31, 2017: 7,157 million yen
As of March 31, 2016: 6,566 million yen

Shareholders’ equity
ratio

Million yen
7,161
6,570

Net assets per
share
%

Yen

29.6
30.5

84.52
78.68

Shareholders’ equity
ratio

Net assets per
share(After correction)
Total assets

Net assets

Million yen
As of Mar. 31, 2017
24,002As of Mar. 31, 2016
21,126(Reference) Shareholders’ equity:
As of March 31, 2017: 6,850 million yen
As of March 31, 2016: 6,275 million yen

Million yen
6,854
6,279

%
28.5
29.7

Yen
80.89
75.20

2. Dividends(Before correction)
Annual dividendYear ended Mar. 2016
Year ended Mar. 2017
Year ending Mar. 2018
(forecast)End of
1Q

End of
2Q

Yen
-

Yen
0.00
0.00
0.00

End of3Q

Year-end

Yen
-

Yen
5.00
2.50
3.00

-2-

Total

Yen
5.00
2.50
3.00

Total
dividend(Total)Million yen
439
219

Dividend
payout ratio(Consolidated)
%
34.9
31.0
32.4

Rate of total
dividend to
net assets(Consolidated)
%
6.8
3.1

(After correction)
Annual dividendYear ended Mar. 2016
Year ended Mar. 2017
Year ending Mar. 2018
(forecast)End of
1Q

End of2Q

End of
3Q

Yen
-

Yen
0.00
0.00
0.00

Year-end

Yen
-

Total
dividend(Total)

Total

Yen
5.00
2.50
3.00

Yen
5.00
2.50
3.00

Dividend
payout ratio(Consolidated)

Million yen
439
219

%
38.9
31.8
32.4

Rate of total
dividend to
net assets(Consolidated)
%
7.0
3.2

3．Forecast of consolidated business results for the fiscal year ending March 2018
(April 1, 2017 through March 31, 2018)(Before correction)(% change from the previous corresponding period)
Net sales
Million yen

Year ending Mar. 201826,125

Operating income%

14.6

Million yen

1,157

%

-8.4

Ordinary income
Million yen

1,400

%

-3.1

Net income
attributable toowners of parent
Million yen

777

Net income
per share

%

14.8

Yen

9.25

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

Year ending Mar. 201826,125

Operating income%

14.6

Million yen

1,157

%

-1.0

-3-

Ordinary income
Million yen

1,400

%

3.7

Net income
attributable toowners of parent
Million yen

777

Net income
per share

%

17.6

Yen

9.25

1. Summary of Operating Results(1) Summary of operating results for the current fiscal year
(Before correction)
In summary, our group’s consolidated sales were 22,800 million yen (up 10.9% year on year), operating income 1,263
million yen (down 31.1% year on year) and ordinary income 1,445 million yen (down 23.3% year on year), therefore
the net income attributable to owners of parent is 677 million yen (down 43.3% year on year).
(After correction)
In summary, our group’s consolidated sales were 22,799 million yen (up 10.9% year on year), operating income 1,168
million yen (down 32.5% year on year) and ordinary income 1,350 million yen (down 24.2% year on year), therefore
the net income attributable to owners of parent is 661 million yen (down 38.3% year on year).

(2) Summary of financial condition in the current fiscal year
(Before correction)
The financial condition at the end of the current consolidated fiscal year reported the total assets of 24,191 million
yen (up 2,672 million yen from the end of the previous fiscal year).
Current assets were 7,254 million yen (up 300 million yen from the end of the previous fiscal year): this was mainly
because the cash and cash deposits grew by 239 million yen and other assets grew by 135 million yen, while theaccounts receivable decreased by 71 million yen.
Fixed assets totaled 16,936 million yen (up 2,371 million yen from the end of the previous fiscal year). This was due
to an increase in the following assets among others: buildings and structures (949 million yen); long-term loans (294million yen); goodwill (288 million yen); investment securities (316 million yen); intangible fixed assets (222
million yen); investment and other assets (112 million yen); and deferred tax assets (149 million yen).
Total liabilities were 17,030 million yen (up 2,081 million yen from the end of the previous fiscal year).
Current liabilities were 6,421 million yen (up 471 million yen from the end of the previous fiscal year) and this isdue to an increase in the following among others: current portion of long-term loans payable (314 million yen);others (157 million yen); note and accounts payable (139 million yen); allowance for bonuses (64 million yen); anda decrease in the accrued consumption taxes, etc. (200 million yen).
Fixed liabilities were 10,608 million yen (up 1,610 million yen from the end of the previous fiscal year) and this isdue to an increase in the following among others: long-term debt (1,398 million yen); liabilities related to retirement
benefits (93 million yen); asset retirement obligations (79 million yen); and others (40 million yen).
Total net assets at the end of the current consolidated fiscal year were 7,161 million yen (up 590 million yen fromthe end of the previous fiscal year) and this is due to an increase in the following among others: retained earnings(238 million yen); valuation difference on available-for-sale securities, etc. (18 million yen); and a decrease intreasury stock (338 million yen).
(After correction)
The financial condition at the end of the current consolidated fiscal year reported the total assets of 24,002 million
yen (up 2,875 million yen from the end of the previous fiscal year).
Current assets were 7,060 million yen (up 445 million yen from the end of the previous fiscal year): this was mainly
because the cash and cash deposits grew by 239 million yen and other assets grew by 283 million yen, while theaccounts receivable decreased by 71 million yen.
Fixed assets totaled 16,941 million yen (up 2,430 million yen from the end of the previous fiscal year). This was due
to an increase in the following assets among others: buildings and structures (1,034 million yen); long-term loans(294 million yen); goodwill (288 million yen); investment securities (316 million yen); intangible fixed assets (222
million yen); investment and other assets (115 million yen); and deferred tax assets (119 million yen).
Total liabilities were 17,147 million yen (up 2,300 million yen from the end of the previous fiscal year).
Current liabilities were 6,538 million yen (up 690 million yen from the end of the previous fiscal year) and this isdue to an increase in the following among others: current portion of long-term loans payable (314 million yen);others (157 million yen); note and accounts payable (139 million yen); allowance for bonuses (64 million yen); anda decrease in the accrued consumption taxes, etc. (95 million yen).
Fixed liabilities were 10,608 million yen (up 1,610 million yen from the end of the previous fiscal year) and this isdue to an increase in the following among others: long-term debt (1,398 million yen); liabilities related to retirement
benefits (93 million yen); asset retirement obligations (79 million yen); and others (40 million yen).
Total net assets at the end of the current consolidated fiscal year were 6,854 million yen (up 574 million yen fromthe end of the previous fiscal year) and this is due to an increase in the following among others: retained earnings(222 million yen); valuation difference on available-for-sale securities, etc. (18 million yen); and a decrease intreasury stock (338 million yen).

-4-(3) Summary of cash flow in the current fiscal year
(Before correction)[Cash flows from operating activities]
The funds obtained through operating activities were 1,878 million yen (1,804 million yen during the previous
consolidated fiscal year).
This is due to the following: net income before income taxes and others (1,051 million yen); depreciation costs (653
million yen); impairment loss (391 million yen); decrease in accounts receivable (207 million yen); and increase innote and accounts payable and accrued expenses (204 million yen); but there was the payment of corporate tax, etc.
(783 million yen).
Compared to the previous consolidated fiscal year, the funds obtained increased by 74 million yen. This is, while thenet income before income taxes and others decreased by 744 million yen, there was an increase in the following:accounts receivable (392 million yen); impairment loss (307 million yen); and note and accounts payable andaccrued expenses (118 million yen).
The related index of our group’s cash flow is as follows:
FY3/15
Shareholders’ equity ratio (%)
30.2
Shareholders’ equity ratio against
154.1
current price (%)
Cash flow to interest-bearing
7.3
debts ratio (years)
Interest coverage ratio (x)32.9

FY3/16

FY3/17
30.5

29.6

159.0

98.0

6.3

7.0

49.4

36.5

(After correction)[Cash flows from operating activities]
The funds obtained through operating activities were 1,878 million yen (1,804 million yen during the previous
consolidated fiscal year).
This is due to the following: net income before income taxes and others (1,027 million yen); depreciation costs (638million yen); impairment loss (323 million yen); decrease in accounts receivable (207 million yen); and increase innote and accounts payable and accrued expenses (204 million yen); but there was the payment of corporate tax, etc.
(783 million yen).
Compared to the previous consolidated fiscal year, the funds obtained increased by 74 million yen. This is, while thenet income before income taxes and others decreased by 585 million yen, there was an increase in the following:accounts receivable (392 million yen); impairment loss (158 million yen); and note and accounts payable andaccrued expenses (115 million yen).
The related index of our group’s cash flow is as follows:
FY3/15
Shareholders’ equity ratio (%)
29.7
Shareholders’ equity ratio against
156.0
current price (%)
Cash flow to interest-bearing
7.3
debts ratio (years)
Interest coverage ratio (x)
32.9

-5-

FY3/16

FY3/17
29.7

28.5

162.0

98.8

6.3

7.0

49.4

36.5

3. [Consolidated Financial Statements and Major Notes][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
Goodwill
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-6-

Current Fiscal Year
(March 31, 2017)

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

4,017,591
50,552
108,701
441,601
1,698,958
937,974-766
7,254,615

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

10,296,859-3,391,122
6,905,736
5,665-1,3704,294
614,965-381,429
233,536
980,894
1,694,631
9,819,092

12,135
12,135

288,666
234,792
523,458

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

629,836
3,176,073
1,701,345
313,730
791,899-18,5746,594,310
16,936,862
24,191,477

(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
Deferred tax liabilities
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
Other
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
Deferred gains or losses on hedges
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-7-

Current Fiscal Year
(March 31, 2017)

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

214,960
3,250,349
831,399
164,448
51,182398,839
10,726577
1,498,695
6,421,178

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

9,855,493
1,668
471,565
3,700
235,619
40,923
10,608,970
17,030,149

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

1,603,955
1,449,544
5,037,085-869,918
7,220,667-52,792-24,742-77,534
4,036
6,570,420
21,519,046-34,596852-29,580-63,324
3,985
7,161,328
24,191,477

(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
Goodwill
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-8-

Current Fiscal Year
(March 31, 2017)

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

4,017,591
50,552
108,701
421,877
1,698,958
763,876-766
7,060,792

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

10,296,859-3,434,689
6,862,169
5,665-1,3704,294
614,965-381,567
233,398
980,894
1,694,631
9,775,387

12,135
12,135

288,666
234,792
523,458

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

629,836
3,176,073
1,701,345
328,764
824,994-18,574
6,642,439
16,941,286
24,002,078

(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
Deferred tax liabilities
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
Other
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
Deferred gains or losses on hedges
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-9-

Current Fiscal Year
(March 31, 2017)

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

214,960
3,250,349
841,422
157,883
165,273
398,839
10,726577
1,498,695
6,538,727

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

9,855,493
1,668
471,565
3,700
235,619
40,923
10,608,970
17,147,697

1,603,955
1,449,544
4,507,903-1,208,168
6,535,234

1,603,955
1,449,544
4,730,138-869,918
6,913,719-52,792-24,742-77,534
4,036
6,279,737
21,126,721-34,596852-29,580-63,324
3,985
6,854,381
24,002,078

2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income][Consolidated Statement of Income](Before correction)(Thousand yen)Previous Fiscal Year
(April 1, 2015–
March 31, 2016)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Guarantee commission received
Subsidy income
Other
Total non-operating revenues
Non-operating expenses
Interest expenses
Commission fee
Rights on issuance of new shares
Physically handicapped employment levy
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of fixed assets
Extraordinary income
Extraordinary loss
Loss on retirement of fixed assets
Loss on impairment long-lived asset of facilities
Loss on impairment long-lived asset of Tokyo branch
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 -

Current Fiscal Year
(April 1, 2016–
March 31, 2017)

20,552,867
16,898,400
3,654,466
1,819,495
1,834,970

22,800,084
19,054,064
3,746,020
2,482,035
1,263,984

57,337
5,467
57,894
15,578136,277

85,29865,60886,51814,421
251,847

38,716
22,795
16,314
6,950
2,177
86,953
1,884,295

49,808
9,339
4,625
6,149
69,923
1,445,908

-

400
400

4,270
37,53445,94387,748
1,796,546
703,274-102,069
601,204
1,195,342-74
1,195,416

3,415
391,040
394,455
1,051,852
502,942-128,775
374,166
677,686-51
677,737(After correction)(Thousand yen)Previous Fiscal Year
(April 1, 2015–
March 31, 2016)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Guarantee commission received
Subsidy income
Other
Total non-operating revenues
Non-operating expenses
Interest expenses
Commission fee
Rights on issuance of new shares
Physically handicapped employment levy
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of fixed assets
Extraordinary income
Extraordinary loss
Loss on retirement of fixed assets
Loss on impairment long-lived asset of facilities
Loss on impairment long-lived asset of Tokyo branch
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- 11 -

Current Fiscal Year
(April 1, 2016–
March 31, 2017)

20,552,867
16,976,557
3,576,309
1,843,898
1,732,411

22,799,279
19,123,914
3,675,364
2,506,436
1,168,927

57,337
5,467
57,894
15,578136,277

85,29865,60886,51814,421
251,847

38,716
22,795
16,314
6,950
2,177
86,953
1,781,735

49,808
9,339
4,625
6,149
69,9231,350,851

-

400
400

4,227
118,90945,943
169,080
1,612,655
664,383-123,458
540,924
1,071,731-74
1,071,805

1,202
323,025
324,227
1,027,024
461,289-95,687
365,601
661,422-51
661,473

[Consolidated Statement of Comprehensive Income](Before correction)(Thousand yen)Previous Fiscal Year
(April 1, 2015–
March 31, 2016)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

Current Fiscal Year
(April 1, 2016–
March 31, 2017)

1,195,342

677,686-53,571-11,535-65,107
1,130,234

18,195852-4,838
14,210691,896

1,130,309

691,947-74-51(After correction)(Thousand yen)Previous Fiscal Year
(April 1, 2015–
March 31, 2016)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests- 12 -

Current Fiscal Year
(April 1, 2016–
March 31, 2017)

1,071,731

661,422-53,571-11,535-65,107
1,006,623

18,195852-4,838
14,210675,632

1,006,698

675,683-74-51

[Consolidated Statements of Changes in Shareholders’ Equity](Before correction)
Previous Fiscal Year (April 1, 2015–March 31, 2016)(Thousand yen)
Shareholders' equity
CapitalBalance at the beginning ofcurrent period
Changes of items during theperiodIssuance of new shares

Capital surplus

Retained earnings

1,000,000

845,589

603,955

603,955

3,936,990

Total shareholders'equityTreasury stock-258

5,782,322

1,207,910

Dividends from surplus-333,821-333,821

Net income attributable toowners of parent

1,195,416

1,195,416

Purchase of treasury stock-1,207,910-1,207,910

Disposal of treasury stock--

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period603,955

603,955

861,595-1,207,910

861,595

1,603,955

1,449,544

4,798,586-1,208,168

6,643,918

Total accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at the beginning ofcurrent period

779

Deferred gains orlosses on hedges

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
incomeNon-controllinginterests-13,206-12,427

4,111-

Total net assets

5,774,006

Changes of items during theperiodIssuance of new shares

1,207,910

Dividends from surplus-333,821

Net income attributable toowners of parent

1,195,416

Purchase of treasury stock-1,207,910

Disposal of treasury stock-

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period-53,571--11,535-65,107-74-65,182-53,571--11,535-65,107-74

796,413-52,792--24,742-77,534

4,036

6,570,420- 13 -

Current Fiscal Year (April 1, 2016–March 31, 2017)(Thousand yen)
Shareholders' equity
CapitalBalance at the beginning ofcurrent period

Capital surplus

Retained earnings

1,603,955

1,449,544--

4,798,586

Total shareholders'equityTreasury stock-1,208,168

6,643,918

Changes of items during theperiodIssuance of new shares-

Dividends from surplus-439,238-439,238

Net income attributable toowners of parent

677,737

677,737

Purchase of treasury stock--

Disposal of treasury stock

338,250

338,250

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period--238,499

338,250

576,749

1,603,955

1,449,544

5,037,085-869,918

7,220,667

Total accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at the beginning ofcurrent period
Changes of items during theperiod-52,792

Deferred gains orlosses on hedges

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
incomeNon-controllinginterests-24,742-77,534

4,036-

Total net assets

6,570,420

Issuance of new shares-

Dividends from surplus-439,238

Net income attributable toowners of parent

677,737

Purchase of treasury stock-

Disposal of treasury stock

338,250

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period18,195852-4,838

14,210-51

14,15918,195852-4,838

14,210-51

590,908-34,596852-29,580-63,324

3,985

7,161,328- 14 -

(After correction)
Previous Fiscal Year (April 1, 2015–March 31, 2016)(Thousand yen)
Shareholders' equity
CapitalBalance at the beginning ofcurrent period

Capital surplus

Retained earnings

1,000,000

845,589

603,955

603,955

3,769,918

Total shareholders'equityTreasury stock-258

5,615,250

Changes of items during theperiodIssuance of new shares

1,207,910

Dividends from surplus-333,821-333,821

Net income attributable toowners of parent

1,071,805

1,071,805

Purchase of treasury stock-1,207,910-1,207,910

Disposal of treasury stock--

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period603,955

603,955

737,984-1,207,910

737,984

1,603,955

1,449,544

4,507,903-1,208,168

6,353,234

Total accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at the beginning ofcurrent period
Changes of items during theperiod779

Deferred gains orlosses on hedges

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
incomeNon-controllinginterests

Total net assets-13,206-12,427

4,111

5,606,934-

Issuance of new shares

1,207,910

Dividends from surplus-333,821

Net income attributable toowners of parent

1,071,805

Purchase of treasury stock-1,207,910

Disposal of treasury stock-

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period-53,571--11,535-65,107-74-65,182-53,571--11,535-65,107-74

672,802-52,792--24,742-77,534

4,036

6,279,737- 15 -

Current Fiscal Year (April 1, 2016–March 31, 2017)(Thousand yen)
Shareholders' equity
CapitalBalance at the beginning ofcurrent period

Capital surplus

Retained earnings

1,603,955

1,449,544--

4,507,903

Total shareholders'equityTreasury stock-1,208,168

6,353,234

Changes of items during theperiodIssuance of new shares-

Dividends from surplus-439,238-439,238

Net income attributable toowners of parent

661,473

661,473

Purchase of treasury stock--

Disposal of treasury stock

338,250

338,250

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period--222,235

338,250

560,485

1,603,955

1,449,544

4,730,138-869,918

6,913,719

Total accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at the beginning ofcurrent period
Changes of items during theperiod-52,792

Deferred gains orlosses on hedges

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
incomeNon-controllinginterests-24,742-77,534

4,036-

Total net assets

6,279,737

Issuance of new shares-

Dividends from surplus-439,238

Net income attributable toowners of parent

661,473

Purchase of treasury stock-

Disposal of treasury stock

338,250

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period18,195852-4,838

14,210-51

14,15918,195852-4,838

14,210-51

574,644-34,596852-29,580-63,324

3,985

6,854,381- 16 -

4. [Consolidated Statement of Cash Flows](Before correction)(Thousand yen)Previous Fiscal Year

Current Fiscal Year

(April 1, 2015–(April 1, 2016–

March 31, 2016)

March 31, 2017)

Net cash provided by (used in) operating activities
Income before income taxes and minority interests

1,796,546

1,051,852

Depreciation and amortization

605,292

653,659

Impairment loss

83,477

391,040-

15,192-1,414

3,578-

38,070

Increase (decrease) in provision for directors' bonuses-55,000-

Increase (decrease) in liabilities relating to retirement benefits

45,83058,998

Increase (decrease) in provision for directors’ retirement benefits-61,140-

Interest and dividends income-57,547-87,919

Interest expenses

38,71649,808Loss (gain) on sale of investment securities

-

3,102

Loss (gain) on sales of fixed assets

-

-400

Loss on retirement of fixed assets

4,270

3,415

Decrease (increase) in notes and accounts receivable-trade

16,181-5,190Decrease (increase) in inventories

43,852-10,248

Decrease (increase) in accounts receivable - other-184,802

207,645

Decrease (increase) in accrued consumption taxes-80,897-14,327

Decrease (increase) in notes and accounts payable-trade-18,752

23,85285,444204,142

Increase (decrease) in accrued consumption taxes-3,271-16,308

Increase (decrease) in advances received

245,646

47,819Decrease (increase) in other current assets-18,605

9,293

-23

18,130

Increase (decrease) in other current liabilities

10,33831,521

Increase (decrease) in other fixed liabilities

4,950

11,6762,499,092

2,688,407

Interest and dividends income received

18,167

24,120Interest expenses paid

-36,507-51,410

Income taxes paid

-676,733-783,076

Net cash provided by (used in) operating activities

1,804,019

1,878,041

Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses

Decrease (increase) in accounts payable - other and accrued
expenses

Decrease (increase) in other fixed assets

Subtotal- 17 -

(Thousand yen)Previous Fiscal Year

Current Fiscal Year

(April 1, 2015–(April 1, 2016–

March 31, 2016)

March 31, 2017)

Net cash provided by (used in) investing activities
Purchase of property, plant and equipment-1,971,194-2,023,401

Purchase of intangible assets-2,084-132,696

Proceeds from sales of property, plant and equipment

12,450400

Proceeds from sales and redemption of investment securities

300,000-

8,144

97,692

Purchase of investment securities-296,771-367,651

Payments for guarantee deposits-187,577-115,920

41,95751,957

Payments of long-term loans receivable-504,000-515,300

Collection of long-term loans receivable

190,730

201,518--349,337-41,136-152,732-2,449,480-3,305,471

Proceeds from short-term loans payable-

1,500,000

Repayments of short-term loans payable--1,500,000

Proceeds from long-term loans payable

4,845,910

5,062,000

Repayments of long-term loans payable-2,958,090-3,348,855

Repayments of finance lease obligations

-884

-

Proceeds from issuance of common shares

1,207,910-

Cash dividends paid

-333,819-436,275-

369,189

Purchase of treasury shares-1,207,910-

Net cash provided by (used in) financing activities

1,553,116

1,646,058--

Net increase (decrease) in cash and cash equivalents

907,654

218,627

Cash and cash equivalents at beginning of period

2,891,309

3,798,964

Cash and cash equivalents at end of period

3,798,964

4,017,591

Proceeds from cancellation of investment securities

Proceeds from collection of guarantee deposits

Purchase of investments in subsidiaries resulting in change inscope of consolidation
Other payments
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Proceeds from disposal of treasury shares

Effect of exchange rate change on cash and cash equivalents- 18 -

(After correction)(Thousand yen)Previous Fiscal Year

Current Fiscal Year

(April 1, 2015–(April 1, 2016–

March 31, 2016)

March 31, 2017)

Net cash provided by (used in) operating activities
Income before income taxes and minority interests

1,612,655

1,027,024

Depreciation and amortization

596,988638,681

Impairment loss

164,853

323,025-

15,192-1,414

3,578-

38,070

Increase (decrease) in provision for directors' bonuses-55,000-

Increase (decrease) in liabilities relating to retirement benefits

45,83058,998

Increase (decrease) in provision for directors’ retirement benefits-61,140-

Interest and dividends income-57,547-87,919

Interest expenses

38,71649,808Loss (gain) on sale of investment securities

-

3,102

Loss (gain) on sales of fixed assets

-

-400

Loss on retirement of fixed assets

4,227

1,202

Decrease (increase) in notes and accounts receivable-trade

16,181-5,190Decrease (increase) in inventories

43,852-10,248

Decrease (increase) in accounts receivable - other-184,802

207,645

Decrease (increase) in accrued consumption taxes

35,658-16,292

Decrease (increase) in notes and accounts payable-trade-18,752

23,85288,659204,648

Increase (decrease) in accrued consumption taxes-3,27197,782

Increase (decrease) in advances received

245,646

47,819Decrease (increase) in other current assets-27,513

9,293

-23

15,534

Increase (decrease) in other current liabilities

10,33831,521

Increase (decrease) in other fixed liabilities

4,950

11,6762,499,092

2,688,407

Interest and dividends income received

18,167

24,120Interest expenses paid

-36,507-51,410

Income taxes paid

-676,733-783,076

Net cash provided by (used in) operating activities

1,804,019

1,878,041

Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses

Decrease (increase) in accounts payable - other and accrued
expenses

Decrease (increase) in other fixed assets

Subtotal- 19 -

(Thousand yen)Previous Fiscal Year

Current Fiscal Year

(April 1, 2015–(April 1, 2016–

March 31, 2016)

March 31, 2017)

Net cash provided by (used in) investing activities
Purchase of property, plant and equipment-1,971,194-2,023,401

Purchase of intangible assets-2,084-132,696

Proceeds from sales of property, plant and equipment

12,450400

Proceeds from sales and redemption of investment securities

300,000-

8,144

97,692

Purchase of investment securities-296,771-367,651

Payments for guarantee deposits-187,577-115,920

41,95751,957

Payments of long-term loans receivable-504,000-515,300

Collection of long-term loans receivable

190,730

201,518--349,337-41,136-152,732-2,449,480-3,305,471

Proceeds from short-term loans payable-

1,500,000

Repayments of short-term loans payable--1,500,000

Proceeds from long-term loans payable

4,845,910

5,062,000

Repayments of long-term loans payable-2,958,090-3,348,855

Repayments of finance lease obligations

-884

-

Proceeds from issuance of common shares

1,207,910-

Cash dividends paid

-333,819-436,275-

369,189

Purchase of treasury shares-1,207,910-

Net cash provided by (used in) financing activities

1,553,116

1,646,058--

Net increase (decrease) in cash and cash equivalents

907,654

218,627

Cash and cash equivalents at beginning of period

2,891,309

3,798,964

Cash and cash equivalents at end of period

3,798,964

4,017,591

Proceeds from cancellation of investment securities

Proceeds from collection of guarantee deposits

Purchase of investments in subsidiaries resulting in change inscope of consolidation
Other payments
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Proceeds from disposal of treasury shares

Effect of exchange rate change on cash and cash equivalents- 20 -

(5) Notes on the consolidated financial statements(Per-stock Information)(Before correction)
Previous Fiscal Year
(April 1, 2015–
March 31, 2016)

Current Fiscal Year
(April 1, 2016–
March 31, 2017)

Net assets per share

78.68 yen

84.52 yen

Net income per share

14.32 yen

8.06 yen

Notes:
3. The basis for calculating net income per share is as follows:
Previous Fiscal Year
(April 1, 2015–
March 31, 2016)
Net income (thousand yen)Amount not belonging toordinary stockholders(thousand yen)
Net income regarding theordinary shares(thousand yen)
Mid-term average number ofordinary shares (stocks)

Current Fiscal Year
(April 1, 2016–
March 31, 2017)

1,195,416

677,737--

1,195,416

677,737

83,455,294

84,093,963(After correction)

Net assets per share

Previous Fiscal Year
(April 1, 2015–
March 31, 2016)75.20 yen

Current Fiscal Year
(April 1, 2016–
March 31, 2017)80.89 yen

Net income per share

12.84 yen

7.87 yen

Notes:
3. The basis for calculating net income per share is as follows:
Previous Fiscal Year
(April 1, 2015–
March 31, 2016)
Net income attributable toowners of parent (thousandyen)
Amount not belonging toordinary stockholders(thousand yen)
Net income attributable toowners of parent regarding
the ordinary shares(thousand yen)
Mid-term average number ofordinary shares (stocks)- 21 -

Current Fiscal Year
(April 1, 2016–
March 31, 2017)

1,071,805

661,473--

1,071,805

661,473

83,455,294

84,093,963