Consolidated Financial Results
for the Third Quarter Ended December 31, 2012 [ Japan GAAP ]February 6, 2013

The Sumitomo Warehouse Co., Ltd.
Securities code:

9303

Stock exchange listings:

Tokyo and Osaka

URL:

http://www.sumitomo-soko.co.jp/

Representative :Shoichi Abbe, President

Inquiries:

Satoru Yonemitsu, General Manager,
Finance & Accounting DepartmentTel:+81 6 6581 1183

Quarterly statement filing date (as planned):

February 12, 2013

Dividend payable date (as planned):－Supplemental material of quarterly results

None

Convening briefing of quarterly results

None

１．Consolidated financial results for the third quarter ended December 31, 2012 (April 1, 2012- December 31, 2012)
Figures are rounded down to the nearest million yen, except per share figures.
(1) Consolidated operating results
Operating revenue(％: change from the previous year)

Operating income

Ordinary income％

Nine months ended December 31, 2012

115,331

13.4

7,954

5.0

8,946

5.4

5,294

(0.3)

Nine months ended December 31, 2011

101,681

3.2

7,574

1.2

8,489

0.6

5,311

31.8

Millions of yen％

Net income

Millions of yen

Millions of yen％％

Millions of yen

Notes: Comprehensive income:Nine months ended December 31, 2012:10,822 million yen；-%Nine months ended December 31, 2011: 555million yen；(-74.8)%
Net income per share
Yen

Diluted net income
per share
Yen

Nine months ended December 31, 2012

29.69

29.69

Nine months ended December 31, 2011

29.79

29.79

(2) Consolidated financial positions
Capital adequacy ratio

Total assets

Net assets

Millions of yen

Millions of yen％

As of December 31, 2012

246,392

129,004

49.8

As of March 31, 2012

245,092

120,287

46.6

Notes: Owner’s equity
As of December 31, 2012: 122,652 million yen
As of March 31, 2012: 114,181 million yen

2．Dividends
Dividend per shareFirst quarter
Yen

Second quarter
Yen

Third quarter
Yen

Year ended March 31, 2012

－5.00

－

Year ending March 31, 2013

－

5.50

－

Year ending March 31, 2013
(Forecast)
Notes: Correction of dividend forecast from the most recent dividend forecast: None-1-

Fiscal year end
Yen

Total
Yen

6.00

11.00

5.50

11.00

3. Consolidated forecasts for the year ending March 31, 2013 (April 1, 2012-March 31, 2013)
Operating revenue

Full year

Millions of yen％

155,000

10.9

Operating income
Millions of yen

10,300％Ordinary income
Millions of yen

7.1

11,200％6.9(%: change from the previous year)
Net income
Net income
per share
Millions of yen

6,600％

Yen

1.4

37.01

Note: Correction of financial forecast from the most recent financial forecast: None

4. Other(1) Material changes in subsidiaries during this period (Changes in scope of consolidations resulting from change is subsidiaries): None(2) Applying of specific accounting of the consolidated quarterly financial statements: Yes(3) Changes in accounting policies, accounting estimates and retrospective restatement
1) Changes in accounting policies based on revisions of accounting standard: Yes
2) Changes in accounting policies other than ones based on revisions of accounting standard: None
3) Changes in accounting estimates: Yes
4) Retrospective restatement: None
(4) Number of issued and outstanding shares (common stock)
Number of issued and outstanding shares at the end of fiscal year (including treasury stock) :As of December 31, 2012 : 195,936,231 shares
As of March 31, 2012 : 195,936,231 shares
Number of treasury stock at the end of fiscal year:
As of December 31, 2012 : 17,618,641 shares
As of March 31, 2012 : 17,614,980 shares
Average number of shares :Third quarter ended December 31, 2012 : 178,319,711 shares
Third quarter ended December 31, 2011 : 178,325,176 shares* Status of quarterly reviewing processes
This quarterly financial results are exempt from quarterly reviewing processes based on the Financial Instruments and Exchange Act,and reviewing processes of quarterly financial statements based on the Financial Instruments and Exchange Act has not been completed atthe time of disclosure of this quarterly financial results.
* Explanation for the proper use of forecasts and other special instructions
The forecasts are based on information currently available and certain assumptions judged to be reasonable. The Company’s actual
results may differ materially from the forecasts as a result of numerous factors outside of Company’s control.

-2-Consolidated Financial Results(1) Consolidated quarterly balance sheets(Millions of yen)
As of March 31, 2012

As of December 31, 2012

Cash and deposits

32,254

21,415

Notes and accounts receivable-trade17,92017,829

Short-term investment securities

4－Real estate for sale

94

80

Work in process

41

110

Deferred tax assets

943

568

Other

4,185

3,808

Allowance for doubtful accounts

(146)

(115)

55,297

43,698

Buildings and structures, net

61,26760,265

Machinery, equipment and vehicles, net

2,801

2,750

Vessels, net

4,691

8,917

895

900

46,231

46,205Construction in progress

456

1,008

Other, net

202

279

116,546

120,327

Goodwill

3,687

3,361

Leasehold right

4,319

4,797

Software

1,460

1,227

Other

495

1,094

9,962

10,48054,07362,503621

388Deferred tax assets

2,298

2,280

Other

6,658

6,830

Allowance for doubtful accounts

(366)

(360)

Total investments and other assets

63,28571,642

189,795

202,450

245,092

246,149

AssetsCurrent assets

Total current assets
Noncurrent assets
Property, plant and equipment

Tools, furniture and fixtures, net
Land

Total property, plant and equipment
Intangible assets

Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable

Total noncurrent assets
Total assets-3-(Millions of yen)
As of March 31, 2012

As of December 31, 2012

11,376

10,961

Current portion of bonds－100

Short-term loans payable

29,38821,956

Income taxes payable

2,154

1,107

Provision for bonuses

1,441

829

Other

5,103

5,456

Total current liabilities

49,46440,410500

400Long-term loans payable

46,95245,905

Deferred tax liabilities

11,43914,290

Provision for retirement benefits

3,024

2,837

108

116

Long-term deposits received

12,286

12,133

Other

1,030

1,049

Total noncurrent liabilities

75,341

76,733

124,805

117,144

Capital stock

21,822

21,822

Capital surplus

19,175

19,175Retained earnings

70,53973,783

Treasury stock(9,154)(9,156)

Total shareholders' equity

102,383

105,625

Valuation difference on available-for-sale securities

13,997

19,159Foreign currency translation adjustment(2,199)(2,133)

Total accumulated other comprehensive income

11,79817,026

8998

Minority interests

6,016

6,253

Total net assets

120,287

129,004

245,092

246,149

Liabilities
Current liabilities
Notes and accounts payable-trade

Noncurrent liabilities
Bonds payable

Provision for directors' retirement benefits

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income

Subscription rights to shares

Total liabilities and net assets-4-(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive income(Consolidated quarterly statements of income)(Millions of yen)
Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

Warehouse income

16,245

16,901

Harbor transportation income

29,294

27,418International transportation income

19,722

19,219Land transportation income

20,88020,751－16,082

3,695

3,818

Operating revenue

Shipping income
Rent income of warehouse and logistics facilities
Rent income of real estate

6,911

6,993

Other

4,931

4,145

101,681

115,331

Cost of sales

59,842

70,133

Personal expenses

12,592

12,743

Rent expenses

5,635

6,918

Taxes and dues

1,478

1,381

Depreciation

4,021

4,507

Other

5,057

5,279

Total operating cost

88,628100,964

Operating gross profit

13,05314,366

3,112

3,533

Provision for bonuses

140

131

Retirement benefit expenses

170

175

Amortization of goodwill

92278

Other

1,962

2,292

Total selling, general and administrative expenses

5,479

6,412

7,574

7,954

Interest and dividends income

1,294

1,318

Equity in earnings of affiliates

257

68

Total operating revenue
Operating cost

Selling, general and administrative expenses
Salaries and allowances and welfare expenses

Operating income
Non-operating income

Other

137

262

1,689

1,649

Interest expenses

563

547

Other

211

110

Total non-operating expenses

774

657

8,489

8,946

Total non-operating income
Non-operating expenses

Ordinary income-5-(Millions of yen)
Nine months ended
December 31, 2011

Nine months endedDecember 31, 2012

Gain on sales of noncurrent assets

32

20

Total extraordinary income

32

20

256

134

－

65

Loss on valuation of investment securities

191

87

Loss on valuation of golf club membership－

9

Provision of allowance for doubtful accounts

148－

Loss on disaster

65－

Total extraordinary losses

662

296

Income before income taxes and minority interests

7,860

8,671

Income taxes-current

2,485

2,718

Income taxes-deferred(179)376

Total income taxes

2,305

3,095

Income before minority interests

5,554

5,576

243

281

5,311

5,294Extraordinary income

Extraordinary loss
Loss on retirement of noncurrent assets
Impairment loss

Minority interests in income
Net income-6-(Consolidated quarterly statements of comprehensive income)(Millions of yen)

Income before minority interests

Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

5,554

5,576

(4,501)

5,164(467)82

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method

(30)

(1)

(4,999)

5,245

555

10,822Comprehensive income attributable to owners of the parent

384

10,523Comprehensive income attributable to minority interests

171

299

Total other comprehensive income
Comprehensive income
Comprehensive income attributable to-7-(3) Consolidated quarterly statements of cash flows(Millions of yen)
Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

Income before income taxes and minority interests

7,860

8,671

Depreciation and amortization

Net cash provided by (used in) operating activities
4,561

5,106

Impairment loss－65

Loss on disaster65－

Amortization of goodwill

92

278

(467)

(827)

－

9(1,294)(1,318)Interest expenses

563

547

Equity in (earnings) losses of affiliates

(257)

(68)

Loss (gain) on sales of noncurrent assets

(32)

(20)

Loss on retirement of noncurrent assets

256

134

Loss (gain) on valuation of investment securities

191

87

Increase (decrease) in provision
Loss on valuation of golf club memberships
Interest and dividends income

Decrease (increase) in notes and accounts receivable-trade

(654)

168

Increase (decrease) in notes and accounts payable-trade

181

(420)

Other, net

671

1,726

Subtotal

11,737

14,139Interest and dividends income received

1,321

1,328

Interest expenses paid

(666)

(664)

Payments for loss on disaster

(338)

－

Income taxes paid

(3,069)(4,109)Net cash provided by (used in) operating activities

8,984

10,694

Payments into time deposits(19,597)(11,244)

Proceeds from withdrawal of time deposits

19,98814,442

Purchase of property, plant and equipment(3,928)(8,405)6742

Purchase of intangible assets

(271)

(967)

Purchase of investment securities(29)(446)(4,396)－

Purchase of investments in subsidiaries

(239)

－

Payments of loans receivable

(96)

(66)

Net cash provided by (used in) investing activities

Proceeds from sales of property, plant and equipment

Purchase of investments in subsidiaries
resulting in change in scope of consolidation

Collection of loans receivable

67

316

Other, net

219

(786)

(8,216)(7,114)

Net cash provided by (used in) investing activities-8-

(Millions of yen)
Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

Increase in short-term loans payable

7,160

7,231

Decrease in short-term loans payable(6,965)(6,685)

Proceeds from long-term loans payable

310

12,420

Repayment of long-term loans payable(961)(21,444)

Proceeds from stock issuance to minority shareholders

1,500－Cash dividends paid

(1,733)(1,995)

Other, net

(86)

(125)

Net cash provided by (used in) financing activities

Net cash provided by (used in) financing activities(776)(10,599)

Effect of exchange rate change on cash and cash equivalents

(257)

(630)

Net increase (decrease) in cash and cash equivalents(265)(7,649)Cash and cash equivalents at beginning of period

15,24922,703from change of scope of consolidation

30－

Cash and cash equivalents at end of period

15,014

15,054

Increase (decrease) in cash and cash equivalents resulting-9-

(4) Segment information
1. Information related to operating revenue and income (loss) by reportable segment
Nine months ended December 31, 2011
Reportable segment
Adjustment(Note 1)

(Millions of yen)Amount inconsolidated
quarterlystatements ofincome(Note 2)

Logistics

Real estate

Total

94,711

6,970

101,681－

101,681

6298

305

(305)

－Total

94,718

7,268

101,987(305)

101,681

Segment income

6,295

4,068

10,382(2,807)

7,574

Operating revenue
Operating revenue to outside customers
Intersegment transfers

Notes: 1. Adjustment in segment income of ¥ -2,807 million includes company-wide expenses of ¥ -2,835 million, which are not allocatedto the respective reportable segments. Company-wide expenses consist mainly of the expenses not assignable to neither of thereportable segments for administrative departments of the Company and some of its consolidated subsidiaries.
2. Segment income is adjusted to coincide with operating income as recorded on the consolidated quarterly statements of income.

Nine months ended December 31, 2012
Reportable segment
Adjustment(Note 1)

(Millions of yen)Amount inconsolidated
quarterlystatements ofincome(Note 2)

Logistics

Shipping

Real estate

Total

92,17516,082

7,073

115,331－

115,331

347

135

278

761

(761)

－

Total

92,522

16,2187,351

116,093(761)

115,331

Segment income

6,273

317

4,115

10,705(2,750)7,954

Operating revenue
Operating revenue to outside customers
Intersegment transfers

Notes: 1. Adjustment in segment income of ¥ -2,750 million includes company-wide expenses of ¥ -2,980 million, which are not allocatedto the respective reportable segments. Company-wide expenses consist mainly of the expenses not assignable to neither of thereportable segments for administrative departments of the Company and some of its consolidated subsidiaries.
2. Segment income is adjusted to coincide with operating income as recorded on the consolidated quarterly statements of income.

2. Alteration of reportable segments etc.
The Company has presented a reportable segment “Shipping” from the last 4Q financial period. This is because the Company turned
Westwood Shipping Lines, Inc. into its consolidated subsidiary and commenced shipping business from the period.

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