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 Nine Months Ended March 31, 2016
(Based on Japanese GAAP)May 13, 2016
Company name:
Trust Tech Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

2154
URL http://www.trust-tech.jp/
CEO & Chairman
Takehiko Ogawa

Inquiries:

Board Director
Managing Corporate Executive Officer

Noriyuki MuraiChief Administrative Officer
Scheduled date to file Quarterly Securities Report:

May 16, 2016

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-5777-7727(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended March 31, 2016 (from July 1, 2015 to March 31, 2016)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended March 31, 2016
Nine months ended March 31, 2015Note: Comprehensive income

Millions of yen
22,30815,144

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen%
47.3
1,803
70.5
1,795
66.4
1,082
59.4
17.3
1,057
8.5
1,078
8.0
679
14.6

Nine months ended March 31, 2016
Nine months ended March 31, 2015

¥1,080 million [58.8%]¥680 million [14.9%]

Earnings per share

Diluted earnings per share

Yen
56.07
35.42

Nine months ended March 31, 2016
Nine months ended March 31, 2015

Yen
55.67
35.06

* 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
As of March 31, 2016
As of June 30, 2015
Reference: Equity

Net assets

Millions of yen
11,292
7,725
As of March 31, 2016
As of June 30, 2015

Millions of yen
4,865
4,406

¥4,861 million¥4,406 million

1Equity ratio%
43.057.0

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
25.00
30.00

Yen––

Yen
35.00

Yen
60.00

25.00

–

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

Total

Note: Revision of cash dividend forecast most recently announced: No* The Company implemented a 2-for-1 common stock split on April 1, 2016. The dividend for the fiscal year ended June 30, 2015 and that for
the end of the second quarter of the fiscal year ending June 30, 2016 indicate the actual amounts paid prior to the stock split. The year-end
dividend for the fiscal year ending June 30, 2016 (forecast) indicates the amount paid after the stock split. On a pre-split basis, the year-end
dividend for the fiscal year ending June 30, 2016 (forecast) would be 50.00 yen per share, which makes the annual dividend 80.00 yen per
share in total.
3. Forecast of consolidated financial results for the year ending June 30, 2016 (from July 1, 2015 to June 30, 2016)
Percentages indicate year-on-year changesProfit attributable toNet sales
Operating income
Ordinary income
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
30,000
44.1
2,500
56.5
2,500
54.0
1,500
46.4
77.69
Note: Revision of consolidated financial results forecast most recently announced: No* The Company implemented a 2-for-1 common stock split on April 1, 2016. The earnings per share in the forecasts of the consolidated financial
results have been calculated using the number of issued shares (excluding the number of treasury shares) after the stock split. On a pre-split
basis, the earnings per share for the fiscal year ending June 30, 2016 would be 155.38 yen per share.
4. Notes(1) Changes in significant subsidiaries during the nine months ended March 31, 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) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) 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:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2016

19,313,000 shares As of June 30, 2015

19,308,000 shares

Number of treasury shares at the end of the period
As of March 31, 2016

390 shares As of June 30, 2015

210 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended March 31, 2016

19,308,166 shares Nine months ended March 31, 2015

19,170,741 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* Presentation of the implementation status of the procedures for quarterly review
This quarterly financial results summary is not subject to the procedures for quarterly review pursuant to the Financial Instruments and ExchangeAct. The procedures for reviewing the Company’s quarterly consolidated financial statements in accordance with the Financial Instruments andExchange Act are yet to be completed at the time of disclosure of this quarterly 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.

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

As of March 31, 2016

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,038,9782,954,078

3,609,575
3,943,206

558,395

854,906

6,551,452

8,407,689

221,662

265,613

Goodwill
Other–
130,6072,066,117
129,535

Total intangible assets

130,607

2,195,653

577,970–

Other

243,767

423,951

Total investments and other assets

821,737

423,951

1,174,007

2,885,218

7,725,460

11,292,907

Short-term loans payable
Accrued expenses–
1,754,367

2,300,000
1,585,107

Income taxes payable
Accrued consumption taxes

388,534
718,793

387,681
537,115

Provision for bonuses
Other

188,794
236,964

872,506
681,579

Total current liabilities

3,287,454

6,363,990

6,267

37,955Other

25,291

25,187

Total non-current liabilities

31,55863,142

3,319,013

6,427,133

Capital stock
Capital surplus

1,529,690
687,175

1,530,690
688,175

Retained earnings
Treasury shares

2,193,146(177)

2,648,349(397)

Total shareholders' equity

4,409,835

4,866,817

Other
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Investments and other assets
Real estate for investment, net

Total non-current assets
Total assets
Liabilities
Current liabilities

Non-current liabilities
Net defined benefit liability

Total liabilities
Net assets
Shareholders' equity

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

61(185)

Foreign currency translation adjustment(3,449)(5,285)

Total accumulated other comprehensive income(3,388)(5,470)–

4,427

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

44,406,446

4,865,773

7,725,460

11,292,907

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months ended

March 31, 2015

March 31, 2016

Net sales
Cost of sales

15,144,359
11,613,898

22,308,857
16,972,586

Gross profit

3,530,460

5,336,271

Selling, general and administrative expenses

2,473,085

3,533,130

Operating income

1,057,375

1,803,140

Interest income
Subsidy income

477
13,525728
6,926

Foreign exchange gains
Other

6,205
1,863

–
3,609

Total non-operating income

22,071

11,264201

11,746

–
407

7,315
–

Non-operating income

Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses

608

19,062

1,078,838

1,795,342

Gain on sales of non-current assets

4222,486

Total extraordinary income

4222,486

Loss on retirement of non-current assets
paymentburden-EL

785
5,825

470
–

Total extraordinary losses

6,610

470

1,072,269

1,817,358

Income taxes - current
Income taxes - deferred

304,91188,242

837,260(102,606)

Total income taxes

393,154734,654

Profit679,115

1,082,704

Profit attributable to owners of parent

679,115

1,082,704

Ordinary income
Extraordinary income

Extraordinary losses

Income before income taxes and minority interests5Consolidated statements of comprehensive income (cumulative)(Thousands of yen)

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

Nine months ended

Nine months ended

March 31, 2015

March 31, 2016

679,115

1,082,704

18
1,151(246)(1,836)

1,170(2,082)680,285

1,080,621

680,285

1,080,621

Comprehensive income attributable toComprehensive income attributable to owners of parent

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