Summary of Business Results for the Fiscal Year Ended March 31, 2014
[Japan GAAP] (Consolidated)
May 12, 2014
Company
Estore Corporation
Stock Code4304
URL: http://Estore.jp
Representative
Kenichi Ishimura, Representative Director
C o n t a c t
Youichi Yanagida, Director
Expected date of annual shareholders’ meeting: June 24, 2014
Expected date of filing of annual securities report: June 25, 2014
Preparation of supplementary financial document: Yes
Results briefing: Yes (for institutional investors and analysts)

Listed on the TSE

T E L: +81-3-3595-1106
Expected starting date of dividend payment: Undecided（Rounded down to million yen）

１. Consolidated business results for the fiscal year ended March 2014
(April 1, 2013 through March 31, 2014)(1) Consolidated results of operations

Year ended Mar. 2014
Year ended Mar. 2013

Net sales
Million yen
%
5,871
-1.5
5,962
11.7

Operating income
Million yen
%
551
-14.5
644
29.5

(% change from the previous corresponding period)
Ordinary income
Net income
Million yen%
Million yen%
554
-16.0
323
-16.9
659
30.9
389
38.8

(Note) Comprehensive income:Year ended March 2014: 333 million yen (-18.6%)
Year ended March 2013: 409 million yen (54.9%)
Net incomeper share

Diluted net income
per share
Yen

Year ended Mar. 2014
Year ended Mar. 2013

97.87
91.65

Return onequityYen
97.85
91.63%
21.0
20.1

Ratio of ordinary
income to total
assets
%14.0
15.6

Ratio of operating
income to net sales%
9.4
10.8(Reference) Investment earnings/loss on equity-method:Year ended March 2014: - million yen
Year ended March 2013: - million yen(Note) The company conducted a 100-for-1 stock split effective October 1, 2013. Net income per share and diluted net
income per share are calculated assuming that the stock split was conducted at the beginning of the pervious
consolidated fiscal year.

(2) Consolidated financial position
Total assets

As of Mar. 2014
As of Mar. 2013

Million yen
3,468
4,434

Net assets
Million yen
1,037
2,120

Shareholders’ equity
ratio

Net assets pershare%

28.7
47.2

Yen
329.95491.72(Reference) Shareholders’ equity:
As of March 2014: 995 million yen
As of March 2013: 2,091 million yen(Note) The company conducted a 100-for-1 stock split effective October 1, 2013. Net assets per share are calculated
assuming that the stock split was conducted at the beginning of the pervious consolidated fiscal year.

(3) Consolidated results of cash flows

Year ended Mar. 2014
Year ended Mar. 2013

Cash flows fromoperating activities
Million yen
443
828

Cash flows frominvesting activities
Million yen
283
-587

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Cash flows fromfinancing activities
Million yen-1,197-103

Cash and cash equivalents
at the end of period
Million yen
2,005
2,473

2. Dividends
Annual dividendYear ended Mar. 2013
Year ended Mar. 2014

End of1Q

End of2QYen-

Yen
0.00
0.00

End of3Q

Year-end

Total

Total
dividend(Total)

Dividend
payout ratio(Consolidated)

Yen-

Yen
2,800.00-

Yen
2,800.00-

Million yen
119
-%
30.6-

Rate of total
dividend tonet assets(Consolidated)%
5.6-(Notes) 1. Dividend for the year ended March 2014 has not yet been determined at the time this financial summary wasdisclosed. An announcement will be made as soon as it has been determined.
2. Dividend forecast for the year ending March 2015 is undecided.

3．Forecast of consolidated business results for the year ending March 2015
(April 1, 2014 through March 31, 2015)
Net salesYear ending Mar. 2015(% change from the previous corresponding period)
Ordinary income
Net income

Operating income

Million yen%

Million yen

6,083

3.6

459%
-16.6

Million yen
459%

Million yen

%

268

-17.2

-17.0

(Note) Only the results for the full year have been disclosed because the company manages its business results annually.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: None: None

(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of March 2014
5,163,600 shares
As of March 2013
5,163,000 shares② Treasury stock at the end of period:
As of March 2014
2,145,100 shares
As of March 2013
911,100 shares③ Average number of stock during period
Year ended March 2014
3,308,636 sharesYear ended March 2013
4,252,500 shares(Note) The company conducted a 100-for-1 stock split effective October 1, 2013. The number of shares iscalculated assuming that the stock split was conducted at the beginning of the pervious consolidated fiscalyear.

－ 2 －(Reference) Summary of non-consolidated business results
1. Non-consolidated business results for the fiscal year ended March 2014
(April 1, 2013 through March 31, 2014)(1) Non-consolidated results of operations

Year ended Mar. 2014
Year ended Mar. 2013

Net sales
Million yen
%
4,526
0.7
4,493
5.7
Net income
per share
Yen

Year ended Mar. 2014
Year ended Mar. 2013

95.12
89.56

(% change from the previous corresponding period)
Operating income
Ordinary income
Net income
Million yen% Million yen%
Million yen%
514-15.3
516-17.0
314-17.4
606
17.5
621
18.7
380
35.6
Diluted net income pershare
Yen
95.10
89.53

(Note) The company conducted a 100-for-1 stock split effective October 1, 2013. Net income per share and diluted netincome per share are calculated assuming that the stock split was conducted at the beginning of the pervious
consolidated fiscal year.

(2) Non-consolidated financial position
Total assets

As of Mar. 2014
As of Mar. 2013

Million yen
3,152
4,087

Net assets
Million yen
978
2,084

Shareholders’ equity
ratio

Net assets pershare%

31.0
50.9

Yen
324.08489.67(Reference) Shareholders’ equity:
As of March 2014: 978 million yen
As of March 2013: 2,082 million yen(Note) The company conducted a 100-for-1 stock split effective October 1, 2013. Net assets per share are calculated
assuming that the stock split was conducted at the beginning of the pervious consolidated fiscal year.
*Implementation status of auditing proceduresThis financial summary is not subject to auditing procedures pursuant to the Financial Instruments and Exchange Act.
At the time of disclosure of this report, the auditing procedures of consolidated financial statements pursuant to theFinancial Instruments and Exchange Act have not been completed.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the company
and certain assumptions that the company deems to be reasonable at the time this report was prepared. The company
does not make promises about the achievements. Actual results may differ significantly from the forecasts due tovarious factors.

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