Financial Results for the Fiscal Year ended March 31, 2017
[Japanese GAAP] (Consolidated)
Name of Company
GreenPeptide Co., Ltd.
TSE Code4594
Representative(Title)
President & CEOContact(Title)
Director/CFO
Scheduled date of annual meeting of stockholders
Scheduled date of dividend payment commencement
Scheduled date of submission of annual securities report
Supplementary materials for financial statements
Scheduled briefing of financial results

May 12, 2017
Listed Market Mothers, TSE
URL http://www.green-peptide.com/(Name) Kenichi Nagai(Name) Teruhiko Sakai(TEL) +81-3-5840-7697: June 29, 2017:－: June 30, 2017
: None: Yes ( for analysts and institutional investors )(Millions of yen, rounded down to the nearest million)

1. Consolidated financial results for the fiscal year ended March 31, 2017 (April 1, 2016 – March 31, 2017)(1) Consolidated results of operation(Percentages represent changes from the same period of previous fiscal year)
Net sales
Million yen

Operating income%Million yen

Profit attributable toowners of parent

Ordinary income%Million yen%

Million yen%

Fiscal year ended March 31, 2017529―-1,113―-1,116―-1,113―Fiscal year ended March 31, 2016
―
――
―
―
―
―
―
(Note) Comprehensive income
Fiscal year ended March 31, 2017
-1,122 Million yen ( ― %)Fiscal year ended March 31, 2016
― Million yen ( ― %)Return on
Operating
Ordinary income
Net income per Fully diluted net
shareholders’income to net
to total assets
share
income per shareequitysales
Yen

Yen%%%

Fiscal year ended March 31, 2017-32.74
―
-28.2
-27.0
-210.3Fiscal year ended March 31, 2016―――――
(Reference) Equity in net income of affiliates Fiscal 2017 ― Million yen Fiscal 2016 ― Million yen(Notes)1. Figures for the fiscal year ended March 31, 2016 and year-on-year changes are not stated, because the company began preparing
quarterly consolidated financial statements from the third quarter of the fiscal year ended March 31, 2017.
2. Fully diluted net income per share is not stated as net loss was recorded for this period although there are residual shares.

(2) Consolidated financial positions
Total assets

Net assets

Million yen

Equity ratio

Net assets per share%

Million yenYen

As of March 31, 20175,408
5,201
95.8
139.17
As of March 31, 2016――――(Reference)
Shareholders’ equity As of March 31, 2017 5,179 Million yen As of March 31, 2016 ― Million yen(Notes) Figures as of the March 31, 2016 are not stated, because the company began preparing consolidated financial statements fromthe third quarter of the fiscal year ended March 31, 2017.

(3) Consolidated cash flows
Cash flows
from operating
activities

Cash flows
from financing
activities

Cash flows
from investing
activities

Million yen

Million yen

Cash and cash
equivalents at end ofperiod

Million yen

Million yen

Fiscal year ended March 31, 2017
-1,067
-96
3,559
4,950
Fiscal year ended March 31, 2016――――(Notes) Figures as of the March 31, 2016 are not stated, because the company began preparing consolidated financial statements fromthe third quarter of the fiscal year ended March 31, 2017.

2. Dividends
Annual Dividends per share

Total dividends Payout
End of 1Q End of 2QEnd of 3Q Year-end Annual paid (annual) ratio
Fiscal year ended March 31, 2016
Fiscal year ended March 31, 2017
Fiscal year ending March 31,2018 (Forecast)

Dividends tonet assets

YenYen

Yen

Yen

Yen

Million yen

%%

――

0.00
0.00

――

0.00
0.00

0.00
0.00

―――
―

―
―

―

0.00

―

0.00

0.00

―1――

3. Consolidated financial forecast for the fiscal year ending March 31, 2018 (April 1, 2017 – March 31, 2018)(Percentages represent changes from the same period of previous fiscal year)
Net income
Profit attributable toOperating income Ordinary income
owners of parent
per share

Net sales
Million yen

Full year

280% Million yen-47.1-2,000% Million yen% Million yen%

Yen―――-53.74-2,000-2,000[Notes](1) Changes in significant subsidiaries during the period (change in scope of consolidation)(2) Changes in significant accounting policies, changes in accounting estimates and restatement
1) Changes in accounting policies due to revisions of accounting standards, etc.

: None: Yes2) Changes in accounting policies due to other reasons than above 1): None3) Changes in accounting estimates: None4) Restatements(3) Number of shares outstanding (common stock)1) Number of shares outstanding at the end As of March 31,of fiscal term (including treasury stocks) 20172) Number of treasury stocks at the end of As of March 31,2017
fiscal term3) Average number of shares during the Year ended
March 31, 2017
fiscal term

: None37,218,400 shares

As of March 31,
2016

31,807,700 shares―shares

As of March 31,
2016―

34,014,937 sharesYear ended
March 31, 2016

28,184,750 sharesshares(Notes) Due to a 100-for-1 stock split which was conducted with an effective date of July 31, 2015, the number of shares iscalculated as if such stock split was implemented at the beginning of the previous fiscal year.
(Reference) Summary of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended March 31, 2017 (April 1, 2016 – March 31, 2017)(Percentages represent changes from the same period of previous fiscal year)(1) Non-consolidated results of operations
Net sales
Fiscal year ended March 31, 2017
Fiscal year ended March 31, 2016

Operating income

Net income%Million yen%

Million yen%

Million yen%

529
822

-35.6
0.1-1,094-988――-1,089-992――-1,113-994――

Net income per share
Fiscal year ended March 31, 2017
Fiscal year ended March 31, 2016

Ordinary income

Million yen

Fully diluted net
income per share

YenYen-32.74-35.28――(2) Non-consolidated financial position
Total assets

Net assets

Million yen

As of March 31, 2017
As of March 31, 2016
(Reference)
Shareholders’ equity

Million yen

Equity ratio

Net assets per share%

Yen

5,404
5,199
95.8
139.17
2,877
2,720
94.6
85.53
As of March 31, 2017 5,179 Million yen As of March 31, 2016 2,720 Million yen* This financial results report is exempt from the audit procedures.
* Explanations regarding appropriate use of forecasts and projections of financial results, and other specific notes.
All forecasts and projections contained in this presentation are based on the information currently available to the management
and they are not intended to represent our promise to attain them as a goal. Furthermore, due to various reasons, actual results
may differ substantially.

―2―

Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2017
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished products
Work in process
Raw materials and supplies
Advance payments
Other

4,950,570
54,944180
18,557
23,573
136,90954,734

Total current assets

5,239,469

Non-current assets
Property, plant and equipment
Facilities attached to buildings, net
Machinery and equipment, netTools, furniture and fixtures, net

38,789327
76,755

Total property, plant and equipment

115,872

Intangible assets
Other

13,789Total intangible assets
Investments and other assets
Other

13,78939,169Total investments and other assets

39,169Total non-current assets

168,831Total assets

5,408,300―3―

(Thousands of yen)
As of March 31, 2017
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Accounts payable - other
Other

22,554
24,68989,17924,846

Total current liabilities

161,268

Non-current liabilities
Net defined benefit liability
Asset retirement obligations
Deferred tax liabilities

25,21916,552
4,110

Total non-current liabilities

45,882

Total liabilities

207,151

Net assets
Shareholders' equity
Capital stock
Capital surplus

3,774,413
3,757,998

Retained earnings-2,352,753

Total shareholders' equity

5,179,658

Subscription rights to shares
Non-controlling interests

20,216
1,274

Total net assets

5,201,149

Total liabilities and net assets

5,408,300―4―

Total liabilities and net assets

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Thousands of yen)
For the fiscal year ended
March 31, 2017
Net sales
Cost of sales

529,612524,913Gross profit

4,699

Selling, general and administrative expenses

1,118,249

Operating loss

-1,113,550

Non-operating income
Interest income
Subsidy incomeOther33
12,928150

Total non-operating income

13,111Non-operating expenses
Foreign exchange losses
Stock issuance expenses
Other

1,953
13,647516

Total non-operating expenses

16,118

Ordinary loss

-1,116,556

Extraordinary losses
Loss on retirement of non-current assets

372

Total extraordinary losses

372

Loss before income taxes-1,116,928

Income taxes - current
Income taxes - deferred

2,676
2,395

Total income taxes

5,071

Net loss-1,122,000

Net loss attributable to non-controlling interests-8,339Net loss attributable to owners of parent-1,113,661―5―Consolidated Statements of Comprehensive Income(Thousands of yen)
For the fiscal year
ended March 31, 2017
Net loss-1,122,000

Comprehensive income-1,122,000

Comprehensive income attributable to :Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests-1,113,661-8,339―6―

(3) Consolidated Statement of Changes in Net Assets
Fiscal year ended March 31, 2017 (From April 1, 2016 to March 31, 2017)(Thousands of yen)
Shareholders’ equity

Balance at beginningof current period

Subscription
rights toshares

Noncontrollinginterests

Total net
assetsCapital stock

CapitalsurplusRetainedearnings

Total
shareholders'equity1,988,085

1,971,670-1,239,092

2,720,663

2,720,663

1,786,328

1,786,328

3,572,656

3,572,656-1,113,661-1,113,661

Changes of items
during period
Issuance of newsharesNet loss attributableto owners of parent-1,113,661

Net changes of
items other thanshareholders' equity

20,216

1,274

21,490Total changes of
items during period

1,786,328

1,786,328-1,113,661

2,458,995

20,216

1,2742,480,485

Balance at end ofcurrent period

3,774,413

3,757,998-2,352,753

5,179,658

20,2161,274

5,201,149―7―

Consolidated Statements of Cash Flows(Thousands of yen)
Fiscal year ended
March 31, 2017
Cash flows from operating activities
Loss before income taxes
Depreciation
Amortization of goodwill
Share-based compensation expenses
Loss on retirement of non-current assets
Increase (decrease) in provision for retirement benefits
Interest and dividend income
Subsidy income
Decrease (increase) in accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in accounts payable - trade
Increase (decrease) in advances received
Other, net-1,116,928
41,936771
20,216
372
6,699
-33
-12,928
51,804-6,070-41,142
12,076-34,766

Subtotal-1,077,992

Interest and dividend income received

33

Subsidy income recieved
Income taxes paid

12,928-2,481

Net cash provided by (used in) operating activities-1,067,512

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from purchase of shares of subsidiaries resulting in change inscope of consolidation
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from issuance of subscription rights to shares
Proceeds from issuance of shares resulting from exercise of subscription
rights to stock
Net cash provided by (used in) financing activities-97,237-6,605
7,277-96,564
45,0993,514,088
3,559,188

Net increase (decrease) in cash and cash equivalents

2,395,111

Cash and cash equivalents at beginning of period

2,555,458

Cash and cash equivalents at end of period

4,950,570―8―