Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2016
[Japanese GAAP] (non-consolidated)
November 13, 2015
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: November 13, 2015
Scheduled date of dividend payment commencement:―
Supplementary materials for quarterly financial statements: NoneBriefing of quarterly financial results: Yes ( for analysts and institutional investors )(Millions of yen, rounded down to the nearest million)

1. Results of the 2nd quarter of the fiscal year ending March 31, 2016 (April 1, 2015 – September 30, 2015)(1) Results of Operation(Percentages represent changes from the same quarter of previous year)
Net income
Net sales
Operating income
Ordinary income
for the quarter
Million yen

Six months ended September 30, 2015
Six months ended September 30, 2014415―% Million yen% Million yen% Million yen%――――――――-606
―

-593
―

-594
―

Fully diluted net
Net earnings perearnings per share forshare for the quarterthe quarter
Yen

Yen

Six months ended September 30, 2015-23.50―Six months ended September 30, 2014――(Notes)
1. As for class A preferred stocks (42,428 shares), upon exercise of the acquisition request with put options in consideration ofordinary stocks, we issued 42,428 shares of ordinary stock effective July 14, 2015 and acquired the mentioned class A preferredstocks as treasury stocks. The treasury stocks were cancelled effective the same day. Then, the Company conducted a 100-for-1
stock split of its ordinary stocks effective July 31, 2015. Net income per share for the quarter has been calculated as if a series oftransaction for the stock split was conducted at the beginning of this fiscal year.
2. As the Company started disclosure of the financial results for the second quarter from the current fiscal year, actual results andthe rate of increase/decrease for the second quarter of the fiscal year ended March 31, 2015 are not stated.
3. Fully diluted net earnings per share for the quarter is not stated as net loss was recorded for this period although there are residualshares.
(2) Financial Positions
Total assets

Net assets

Million yen

As of September 30, 2015
As of March 31, 2015
(Reference)
Shareholders’ equity

639
1,227
As of September 30, 2015

Equity ratio

Million yen%

429
67.2
1,024
83.4
429 Million yen As of March 31, 2015 1,024 Million yen

2. Dividends
Annual Dividends per share
End of 1Q

End of 2Q

Yen

Fiscal Year ended March 31, 2015―
Fiscal Year ending March 31, 2016―
Fiscal Year ending March 31, 2016 (Forecast)(Notes) Corrections to most recently disclosed dividend projections : None―1―

End of 3Q

Year-end

AnnualYen

Yen

Yen

Yen

0.00
0.00

―0.00

0.00

―

0.00

0.00

3. Projected financial results for fiscal year ending March 31, 2016 (April 1, 2015 – March 31, 2016)(Percentages represent changes from the same period of previous year)
Net income
Operating income Ordinary income
Net income
per share

Net sales
Million yen

Full year832% Million yen

1.3-1,341% Million yen% Million yen%Yen―――-47.15-1,328-1,329(Notes)
1. Corrections to most recently disclosed financial results projections : None
2. Current net income per share for the fiscal year ending March 31, 2016 (forecast) is calculated based on the average number of thetotal outstanding shares during the period, including the number of publicly-offered stocks (6,500,000 shares).
3. As for class A preferred stocks (42,428 shares), upon exercise of the acquisition request with put options in consideration of ordinary
stocks, we issued 42,428 shares of ordinary stock effective July 14, 2015 and acquired the mentioned class A preferred stocks astreasury stocks. The treasury stocks were cancelled effective the same day. Then, the Company conducted a 100-for-1 stock split of
its ordinary stocks effective July 31, 2015. Net income per share has been calculated as if a series of transaction for the stock split
was conducted at the beginning of this fiscal year.

[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.

: None2) 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 September 30,
2015
As of September 30,
2015
Six months ended
September 30, 2015

25,307,700 shares― shares25,307,700 shares

As of March 31,
2015
As of March 31,
2015
Six months ended
September 30, 2014

25,307,700 shares― shares― shares(Notes)
1. As the Company did not prepare quarterly financial statements for the fiscal year ended March 31, 2015, the average number of thetotal outstanding shares (on a quarterly cumulative basis) for the second quarter of the fiscal year ended March 31, 2015 is not stated.
2. Due to a 100-for-1 stock split which was conducted with an effective date of July 31, 2015, the number of shares is calculated 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 various
reasons, actual results may differ substantially.

―2―

Financial statements for the quarter(1) Balance sheets for the quarter(Thousands of yen)
As of March 31, 2015
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished products
Work in process
Raw materials and supplies
Advance payments - trade
Advance payments - otherAccounts receivable - other
Other

As of September 30, 2015

823,737
79,5994,573
16,770127,157
12,17957,126
10,47524,359294,969
85,451
7,139
1,122
112,414
10,77347,8807,123
7,901

1,155,979

574,775

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

14,539979
29,735

13,482858
23,839Total property, plant and equipment

45,25538,180

2,157

2,159

Total intangible assets

2,157

2,159

Investments and other assets
Guarantee deposits

24,07324,07324,07324,073

Total current assets

Intangible assets
SoftwareTotal investments and other assets
Total non-current assets
Total assets―3―71,48664,413

1,227,465

639,189

(Thousands of yen)
As of March 31, 2015
Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - other
Income taxes payable
Advances received
Other

As of September 30, 2015

57,92045,156
4,531
66,8504,451

66,52768,4202,268
38,733
6,614

178,910

182,565

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

14,9682,076
7,383

17,841
1,934
7,419

Total non-current liabilities

24,427

27,195

Total liabilities

203,337

209,761

Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings

642,585
626,170-244,627

642,585
626,170-839,327

1,024,127

429,427

1,024,127

429,427

1,227,465

639,189

Total current liabilities

Total shareholders' equity
Total net assets
Total liabilities and net assets―4―(2) Statements of operations for the quarter
For the first six months (ended September 30, 2015)(Thousands of yen)Six months ended
September 30, 2015
Net sales
Cost of sales

415,904
389,011Gross profit

26,892

Selling, general and administrative expenses

633,600

Operating loss

-606,707

Non-operating income
Interest income
Subsidy income
Other

71
12,78970

Total non-operating income

12,931Non-operating expenses
Foreign exchange losses

181

Total non-operating expenses

181

Ordinary loss

-593,957

Loss before income taxes-593,957

Income taxes - current
Income taxes - deferred

884
-141

Total income taxes

742

Net loss-594,699―5―

(3) Statements of Cash Flows for the quarter(Thousands of yen)Six months ended
September 30, 2015
Cash flows from operating activities
Loss before income taxes
Depreciation
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-593,957
8,825
2,873
-71
-12,789-5,852
27,825
8,607-28,11754,585

Subtotal-538,070

Interest and dividend income received
Subsidy income received
Income taxes paid

71
12,789-1,841

Net cash provided by (used in) operating activities-527,050

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets-1,467-250

Net cash provided by (used in) investing activities-1,717

Cash flows from financing activities
Net cash provided by (used in) financing activities－Net increase (decrease) in cash and cash equivalents-528,767

Cash and cash equivalents at beginning of period

823,737

Cash and cash equivalents at end of period

294,969―6―