Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2017
[Japanese GAAP] (non-consolidated)
August 15, 2016
Name of Company
GreenPeptide Co., Ltd.
Listed Market Mothers, TSE
TSE Code4594
URL http://www.green-peptide.com/
Representative(Title)
President & CEO(Name) Kenichi Nagai
Contact(Title)
Director/CFO(Name) Teruhiko Sakai(TEL) +81-3-5840-7697
Scheduled date of submission of quarterly report: August 15, 2016
Scheduled date of dividend payment commencement:―Supplementary materials for quarterly financial statements: NoneBriefing of quarterly financial results: None(Millions of yen, rounded down to the nearest million)

1. Results of the 1st quarter of the fiscal year ending March 31, 2017 (April 1, 2016 – June 30, 2016)(1) Results of Operation(Percentages represent changes from the same quarter of previous year)
Net sales

Operating income

Million yen

Three months ended June 30, 2016
Three months ended June 30, 2015

% Million yen

‐6.4―

193
206

% Million yen‐187‐290

Net income
for the quarter

Ordinary income
‐190
‐277―
―% Million yen%‐190‐278――――

Fully diluted netearnings per share forthe quarter

Net earnings per sharefor the quarter
Yen

Yen

Three months ended June 30, 2016―
‐5.97
Three months ended June 30, 2015―
‐10.99(Notes) Fully diluted net earnings per share for the quarter is not stated as net loss was recorded for this period although there
are residual shares.

(2) Financial Positions
Total assets
As of June 30, 2016
As of March 31, 2016
(Reference)
Shareholders’ equity

Net assets

Million yen
3,922
2,877
As of June 30, 2016 3,735 Million yen

Equity ratio%
Million yen
3,768
95.22,720
94.6
As of March 31, 2016 2,720 Million yen

2. Dividends
Annual Dividends per share
End of 1Q

End of 2Q

Yen

End of 3Q

Year-end

AnnualYenYenYenYen

Fiscal Year ended March 31, 2016
―0.00
Fiscal Year ending March 31, 2017―
Fiscal Year ending March 31, 20170.00
(Forecast)(Notes) Corrections to most recently disclosed dividend projections : None

―

0.00

0.00

―

0.00

0.00

3. Projected financial results for fiscal year ending March 31, 2017 (April 1, 2016 – March 31, 2017)
Net sales
Million yen(Percentages represent changes from the same period of previous year)
Net income
Operating income Ordinary income
Net income
per share% Million yen% Million yen

Full year406―‐50.5‐1,306‐1,306(Notes) Corrections to most recently disclosed financial results projections : None―1―% Million yen%Yen‐1,308―‐41.14―

[Notes](1) Application of special accounting methods for the preparation of quarterly financial statements: None

(2) Changes in significant accounting policies, changes in accounting estimates and restatements
1) Changes in accounting policies due to revisions of accounting standards, etc.

: Yes2) Changes in accounting policies due to other reasons than above 1): None3) Changes in accounting estimates: None4) Restatements: None(3) Number of shares outstanding (common stock)1) Number of shares outstanding at the endof fiscal term (including treasury stocks)2) Number of treasury stocks at the end offiscal term3) Average number of shares during thefiscal term (cumulative from beginningof quarter)

As of June 30, 2016

33,328,400 shares

As of June 30, 2016

― sharesThree months ended
June 30, 2016

31,998,537 shares

As of March 31,
2016
As of March 31,
2016
Three months ended
June 30, 2015

31,807,700 shares― shares25,307,700 shares(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.

* Disclosure on the status of the quarterly review procedures.
Although this quarterly financial report is not subject to the requirement of the quarterly review procedures under theFinancial Instruments and Exchange Act, the quarterly review procedures for the quarterly financial statements havebeen completed at the time of disclosure of the quarterly financial report.
* 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 themanagement and they are not intended to represent our promise to attain them as a goal. Furthermore, due to variousreasons, actual results may differ substantially.

―2―Financial statements for the quarter(1) Balance sheets for the quarter(Thousands of yen)
As of March 31, 2016
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Raw materials and supplies
Advance payments - trade
Advance payments - otherAccounts receivable - otherConsumption taxes receivable
Other
Total current assets
Non-current assets
Property, plant and equipment
Facilities attached to buildings, net
Machinery and equipment, net
Tools, furniture and fixtures, net
Construction in progress

As of June 30, 2016

2,555,458
106,749
12,66623,573
8,061
63,031
9,338
2,074
10,404

3,504,036
127,676
11,78623,573
3,852
117,506
9,718
4,181
9,671

2,791,358

3,812,004

12,424737
35,359

11,969680
32,778－

10,77348,521

56,201Intangible assets
Software
Software in progress

1,903
9,352

14,999Total intangible assets

11,25614,999Investments and other assets
Guarantee deposits
Long-term prepaid expenses

24,0732,041

38,068
1,437

Total property, plant and equipment

Total investments and other assets
Total non-current assets
Total assets―3―－

26,11539,50685,893

110,7072,877,251

3,922,711

(Thousands of yen)
As of March 31, 2016

As of June 30, 2016

Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received
Deposits received

66,30829,922
2,988
10,487
16,361
2,828

44,49060,952
4,586
5,137
3,852
4,701

Total current liabilities

128,897

123,721

Non-current liabilities
Provision for retirement benefits
Deferred tax liabilities
Asset retirement obligations

18,5201,715
7,455

21,2591,657
7,477

27,69030,393

Total liabilities

Total non-current liabilities

156,588

154,114

Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings

1,988,085
1,971,670-1,239,092

2,591,107
2,574,692-1,430,016

Total shareholders' equity

2,720,663

3,735,783

Subscription rights to shares－32,8122,720,663

3,768,596

2,877,251

3,922,711

Total net assets
Total liabilities and net assets―4―(2) Statements of operations for the quarter
For the first three months (ended June 30, 2016)(Thousands of yen)Three months ended
June 30, 2015
Net sales
Cost of sales

Three months ended
June 30, 2016

206,312
192,938

193,142
191,418

Gross profit

13,374

1,724

Selling, general and administrative expenses

303,794

189,680

Operating loss

-290,419-187,956

12,789
－
67－
2,201
8

12,856

2,209

276

－
502
4,250

Non-operating income
Subsidy income
Foreign exchange gains
OtherTotal non-operating income
Non-operating expenses
Foreign exchange losses
Issuance expenses of subscription rights to shares
Stock issuance expenses

－－276

4,752

Ordinary loss

Total non-operating expenses-277,839-190,499

Loss before income taxes-277,839-190,499

Income taxes - current
Income taxes - deferred

382
-70

481
-57

Total income taxes

312

424

-278,151-190,923

Loss―5―