Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Year Ended June 30, 2016
(Based on Japanese GAAP)
August 5, 2016
Company name:

Trust Tech Inc.

Stock exchange listing: Tokyo
Stock code:
2154

URL

http://www.trust-tech.jp/

Representative:

President and Representative Director
Board Director

Yutaka Nishida

Inquiries:

Managing Corporate Executive Officer
Chief Administrative Officer

Noriyuki Murai

TEL

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

September 23, 2016
September 26, 2016

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

September 6, 2016
Yes

Holding of financial results meeting:Yes

03-5777-7727(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended June 30, 2016 (from July 1, 2015 to June 30, 2016)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended June 30, 2016
30,143
44.8
2,549
59.6
2,528
55.8
1,523
48.7
Year ended June 30, 2015
20,819
18.0
1,597
23.7
1,623
23.1
1,024
28.5
Note: Comprehensive income

Year ended June 30, 2016
Year ended June 30, 2015
Earnings per share¥1,521 million [48.2%]¥1,026 million [28.8%]
Profit attributable toOrdinary
owners ofincome/total assets
parent/equity
Yen%%
78.34
31.3
25.7
52.86
24.9
22.9

Diluted earnings pershareYen
78.91
53.39

Year ended June 30, 2016
Year ended June 30, 2015

Operatingincome/net sales%
8.5
7.7

Reference: Share of income of investments accounted for using the equity method
Year ended June 30, 2016
¥ – million
Year ended June 30, 2015
¥ – million* The Company implemented a 2-for-1 common stock split on April 1, 2016. Earnings per share and diluted earnings per share have been
calculated based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.
(2) Consolidated financial position
Total assets
Millions of yen
11,914
7,725

As of June 30, 2016
As of June 30, 2015
Reference: Equity

Net assets

As of June 30, 2016:

Millions of yen
5,322
4,406

Equity ratio

Net assets per share%
44.6
57.0

Yen
274.80228.22¥5,318 million

As of June 30, 2015:¥4,406 million* The Company implemented a 2-for-1 common stock split on April 1, 2016. Net assets per share have been calculated based on the assumptionthat the stock split was implemented at the beginning of the previous fiscal year.

1(3) Consolidated cash flows
Cash flows fromoperating activities
Millions of yen
1,418
1,209

Year ended June 30, 2016
Year ended June 30, 2015

Cash flows frominvesting activities
Millions of yen(1,807)(147)

Cash and cash equivalents
Cash flows fromat end of period
financing activities
Millions of yen
Millions of yen
1,287
3,930
(459)
3,038

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-endof dividends
Total cashDividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%

%

––

25.00
30.00

––

35.00
25.00

60.00
–

577
773

56.2
50.7

14.0
15.9

–

15.00

–

30.00

45.00

Year ended June 30, 2015
Year ended June 30, 2016
Year ending June 30, 2017
(Forecast)

46.6* The Company implemented a 2-for-1 common stock split on April 1, 2016. The dividend before the end of the third quarter of the fiscal year
ended June 30, 2016 indicates the actual amount paid prior to the stock split. On the assumption that the stock split was implemented at thebeginning of the previous fiscal year, annual dividend for the fiscal year ended June 30, 2015 would be 30.00 yen per share and annual
dividend for the fiscal year ended June 30, 2016 would be 40.00 yen per share.
3. Forecast of consolidated financial results for the year ending June 30, 2017 (from July 1, 2016 to June 30, 2017)
Net sales
Millions of yen
Six months ending
December 31, 2016
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating incomeOrdinary income
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

19,800

36.1

1,142

3.1

1,119

1.4

660

2.6

34.10

42,000

39.3

3,120

22.4

3,100

22.6

1,870

22.7

96.63

4. Notes(1) Changes in significant subsidiaries during the year ended June 30, 2016(changes in specified subsidiaries resulting in the change in scope of consolidation):
Newly included: 2 companies

Yes

System One Co., Ltd., ECS Co., Ltd.
Excluded: –(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2016

19,353,000 shares As of June 30, 2015

19,308,000 shares

Number of treasury shares at the end of the period
As of June 30, 2016

390 shares As of June 30, 2015

210 shares

Average number of shares during the period
Year ended June 30, 2016

19,312,066 shares Year ended June 30, 2015

19,194,243 shares* The Company implemented a 2-for-1 common stock split on April 1, 2016. Number of issued shares (common shares) have been calculated
based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.

2Reference: Summary of non-consolidated financial results
Non-consolidated financial results for the year ended June 30, 2016 (from July 1, 2015 to June 30, 2016)(1) Non-consolidated operating results
Percentages indicate year-on-year changes
Net salesYear ended June 30, 2016
Year ended June 30, 2015

Millions of yen
17,002
12,589Operating income
%
35.1
32.4

Earnings per share

Millions of yen
2,084
1,360

Millions of yen
2,187
1,520%
43.9
14.6

ProfitMillions of yen
1,454
1,006

%
44.6
10.2

Diluted earnings per share

Yen
75.33
52.42

Year ended June 30, 2016
Year ended June 30, 2015

%
53.2
46.2

Ordinary income

Yen
74.79
51.90

* The Company implemented a 2-for-1 common stock split on April 1, 2016. Earnings per share and diluted earnings per share have been
calculated based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.
(2) Non-consolidated financial position
Total assets
As of June 30, 2016
As of June 30, 2015
Reference: Equity

Net assets

Millions of yen
9,915
6,478
As of June 30, 2016
As of June 30, 2015

Millions of yen
4,877
4,027

Equity ratio

Net assets per share%
49.1
62.2

Yen
251.79208.61¥4,872 million¥4,027 million* The Company implemented a 2-for-1 common stock split on April 1, 2016. Net assets per share have been calculated based on the assumptionthat the stock split was implemented at the beginning of the previous fiscal year.
* Presentation of the implementation status of the procedures for audit
This financial results summary is not subject to the procedures for audit pursuant to the Financial Instruments and Exchange Act. The
procedures for auditing Company’s consolidated and non-consolidated financial statements are yet to be completed at the time of disclosure ofthis financial results summary.
* Explanation of the appropriate use of earnings forecasts and other special notes(Notes on forward-looking statements)
Earnings forecasts and other forward-looking statements stated in this document are based on information currently available to the Companyand certain assumptions that the Company considers to be reasonable. The actual results may differ materially from the forecasts due to variousfactors.
(Method for obtaining materials for financial results meeting)
Financial results meeting for institutional investors and analysts will be held on Friday, August 5, 2016. Materials for the meeting will beprovided on the Company’s website as soon as possible after the meeting.
In addition to the above meeting, the Company holds meetings for individual investors regarding our business and performance on a timelybasis. For the schedule of these meetings, please refer to the Company’s website.

3Consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of June 30, 2015

As of June 30, 2016

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,038,9782,954,078

3,930,496
4,060,115

Deferred tax assets
Other265,019
293,376

400,482593,005

Total current assets

6,551,4528,984,101

139,787(56,603)

189,314(70,649)

83,183

118,664

93,200177,616

93,200206,212(132,338)(161,879)

45,27844,333

221,662

256,198

Intangible assets
Goodwill–

2,006,108

Leased assets
Software

8,423
100,6223,609
186,310

Other

21,562

6,633

Total intangible assets

130,6072,202,661

666,419(88,449)––

577,970–

Deferred tax assets
Other–
243,767

28,337442,701

Total investments and other assets

821,737

471,039

Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment

Investments and other assets
Real estate for investment
Accumulated depreciation
Real estate for investment, net

Total non-current assets
Total assets

4

1,174,007

2,929,899

7,725,460

11,914,000

(Thousands of yen)
As of June 30, 2015

As of June 30, 2016

Liabilities
Current liabilities
Short-term loans payable–

1,900,000

7,018
1,754,367

6,216
2,394,623

Income taxes payable
Accrued consumption taxes

388,534
718,793

638,511644,290

Provision for bonuses
Other

188,794229,946

397,992
549,865

Total current liabilities

3,287,454

6,531,500

Lease obligations
Accrued expenses

Non-current liabilities
Lease obligations

7,503

1,286

Net defined benefit liability
Deferred tax liabilities

6,267
–

35,786
20,135

Other

17,7882,857

Total non-current liabilities

31,55860,0673,319,013

6,591,568

Capital stock
Capital surplus

1,529,690
687,175

1,538,690
696,175

Retained earnings
Treasury shares

2,193,146(177)

3,089,478(397)

Total shareholders' equity

4,409,835

5,323,946

61(327)

Foreign currency translation adjustment(3,449)(5,613)

Total accumulated other comprehensive income(3,388)(5,940)Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Subscription rights to shares
Total net assets
Total liabilities and net assets

5–

4,427

4,406,446

5,322,432

7,725,460

11,914,000

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
Fiscal year ended
June 30, 2015

Fiscal year ended
June 30, 2016

Net sales

20,819,077

30,143,636

Cost of sales

15,950,178

22,951,055

Gross profit

4,868,899

7,192,581

Directors' compensations
Salaries and allowances

160,573
1,444,986

227,990
1,767,041

Retirement benefit expenses
Offering cost

12,291
356,139

13,748352,331

Taxes and dues
Other

55,082
1,242,303

66,6132,215,707

Total selling, general and administrative expenses

3,271,376

4,643,432

1,597,522

2,549,148

Interest income
Subsidy income481
16,509724
6,716

Foreign exchange gains
Other

6,739
2,132

–
4,190

Total non-operating income

25,861

11,631Non-operating expenses
Interest expenses

263

14,929–6

16,988298

270

32,216

1,623,113

2,528,564

42

22,48642

22,486

1,350

1,669

5,825

–

Selling, general and administrative expenses

Operating income
Non-operating income

Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
paymentburden-EL

7,175

1,669

Profit before income taxes

Total extraordinary losses

1,615,979

2,549,380

Income taxes - current
Income taxes - deferred

616,033(24,874)

1,174,906(149,358)

Total income taxes

591,158

1,025,547

Profit

1,024,821

1,523,833

Profit attributable to owners of parent

1,024,821

1,523,833

6

Consolidated statements of comprehensive income(Thousands of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income

Fiscal year ended

Fiscal year ended

June 30, 2015

June 30, 2016

1,024,821

1,523,833

58
1,800(388)(2,164)

1,858(2,552)

1,026,680

1,521,280

1,026,680

1,521,280

Comprehensive income attributable toComprehensive income attributable to owners of parent

7

Consolidated statements of changes in equity
Fiscal year ended June 30, 2015
(Thousands of yen)
Shareholders' equity

Balance at beginning of current
periodCapital stock

Capital surplus

1,492,690

650,175

37,00037,000Retainedearnings
1,694,840Treasury shares

Total
shareholders'equity(32)

3,837,673

Changes of items during period
Issuance of new shares

74,000

Dividends of surplus(526,515)(526,515)

Profit attributable to owners ofparent

1,024,821

1,024,821

Purchase of treasury shares

(144)

(144)

Net changes of items other thanshareholders' equity
Total changes of items during
period37,00037,000498,306(144)

572,161

Balance at end of current period

1,529,690

687,175

2,193,146(177)

4,409,835

Accumulated other comprehensive income
Valuationdifference onavailable-forsale securities
Balance at beginning of current
period2Foreigncurrencytranslation
adjustment

Total
Subscription
accumulated
Total net assets
rights to shares
othercomprehensive
income(5,250)(5,247)–

3,832,426

Changes of items during period
Issuance of new shares

74,000

Dividends of surplus(526,515)

Profit attributable to owners ofparent

1,024,821

Purchase of treasury shares
Net changes of items other thanshareholders' equity

(144)
58

1,800

1,858

–

1,858

Total changes of items during
period

58

1,800

1,858

–

574,020Balance at end of current period

61(3,449)(3,388)–4,406,446

8Fiscal year ended June 30, 2016
(Thousands of yen)
Shareholders' equity

Balance at beginning of current
periodCapital stock

Capital surplus

1,529,690

687,175

9,000

9,000

Retainedearnings
2,193,146

Treasury shares

Total
shareholders'equity(177)

4,409,835

Changes of items during period
Issuance of new shares

18,000

Dividends of surplus(627,501)(627,501)

Profit attributable to owners ofparent

1,523,833

1,523,833

Purchase of treasury shares(220)(220)Net changes of items other thanshareholders' equity
Total changes of items during
periodBalance at end of current period

9,000

9,000

896,331(220)

914,110

1,538,690

696,175

3,089,478(397)

5,323,946

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning of current
period61

Foreigncurrencytranslation
adjustment

TotalSubscription
accumulated
Total net assets
rights to shares
othercomprehensive
income(3,449)(3,388)–4,406,446

Changes of items during period
Issuance of new shares18,000

Dividends of surplus(627,501)

Profit attributable to owners ofparent

1,523,833

Purchase of treasury shares
Net changes of items other thanshareholders' equity

(220)
(388)

(2,164)(2,552)

4,427

1,874

Total changes of items during
period(388)(2,164)(2,552)

4,427

915,985

Balance at end of current period(327)(5,613)(5,940)4,427

5,322,432

9

Consolidated statements of cash flows(Thousands of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year endedJune 30, 2015

June 30, 2016

1,615,979

2,549,380

Depreciation
Amortization of goodwill

84,023–

105,843
236,495

Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit liability

54,019412

54,808(6,105)

(483)
263

(734)
14,929Loss on retirement of non-current assets
Decrease (increase) in notes and accounts receivable - trade

1,350(561,531)

1,669(631,781)

Increase (decrease) in accrued expenses
Other, net

306,802
303,193356,263(172,852)

1,804,032

2,507,917

481(263)734(15,721)

Income taxes paid

(594,853)(1,074,256)

Net cash provided by (used in) operating activities

1,209,396

1,418,674(84,246)(64,874)(61,978)(126,581)–(1,979,219)

Payments for transfer of businessNet decrease (increase) in lease and gurantee deposits

–
1,632

(108,000)(112,421)

Proceeds from sales of investments in real estates
Other, net

–
(295)

598,650(17,888)

Net cash provided by (used in) investing activities

Interest and dividend income
Interest expenses

SubtotalInterest and dividend income received
Interest expenses paid

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of shares of subsidiaries resulting in change in scopeof consolidation(147,783)(1,807,438)

Cash flows from financing activities
Increase in short-term loans payable–

2,300,000

Decrease in short-term loans payable
Repayments of lease obligations–(7,018)(400,000)(7,018)Cash dividends paid
Other, net(526,349)
73,855(627,299)
22,206

Net cash provided by (used in) financing activities(459,512)

1,287,887

Effect of exchange rate change on cash and cash equivalents

6,906(7,605)

Net increase (decrease) in cash and cash equivalents

609,006

891,518

Cash and cash equivalents at beginning of period

2,429,972

3,038,978Cash and cash equivalents at end of period

3,038,9783,930,496

10