Summary of Business Results for the Fiscal Year Ended March 31, 2016
[Japan GAAP] (Consolidated)
May 10, 2016
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 23, 2016
Expected date of filing of annual securities report: June 24, 2016
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 2016
(April 1, 2015 through March 31, 2016)(1) Consolidated results of operations(% change from the previous corresponding period)

Net sales

Operating income

Million yen% Million yen
Year ended Mar. 2016
5,723
-0.8619
Year ended Mar. 2015
5,771
-1.7
571
(Note) Comprehensive income:Year ended March 2016: 397 million yen (14.6%)
Year ended March 2015: 346 million yen (4.0%)
Net income
per share

Diluted net income
per shareNet income attributable toowners of parent

Ordinary income%

8.3
3.7

Million yen
620
576

Return onequity%
7.7
4.0

Million yen
403
332

Ratio of ordinary
income to total
assets
%
17.4
16.3%
21.1
2.8

Ratio of operating
income to net sales

Yen
Yen%
%
Year ended Mar. 2016
75.37
75.37
36.6
10.8
Year ended Mar. 2015
55.68
55.67
30.5
9.9(Reference) Investment earnings/loss on equity-method:Year ended March 2016: - million yen
Year ended March 2015: - million yen(Note) The company conducted a 2-for-1 stock split effective March 18, 2016. Net income per share and diluted net income per share
are calculated assuming that the stock split was conducted at the beginning of the previous consolidated fiscal year.

(2) Consolidated financial position
Total assets
Million yen
3,505
3,622

As of Mar. 2016
As of Mar. 2015

Net assets
Million yen
1,015
1,238

Shareholders’ equity
ratio

Net assets
per share%

29.0
32.8

Yen
196.74200.61(Reference) Shareholders’ equity:
As of March 2016:1,015 million yen
As of March 2015: 1,189 million yen(Note) The company conducted a 2-for-1 stock split effective March 18, 2016. Net assets per share are calculated assuming that thestock split was conducted at the beginning of the previous consolidated fiscal year.

(3) Consolidated results of cash flows

Year ended Mar. 2016
Year ended Mar. 2015

Cash flows fromoperating activities
Million yen
613
678

Cash flows frominvesting activities
Million yen-163
-122

－1 －

Cash flows fromfinancing activities
Million yen-376-252

Cash and cash equivalents
at the end of period
Million yen
2,385
2,310

2. Dividends
Annual dividendRate of total
dividend toEnd ofEnd ofEnd ofYear-end
Total
net assets
1Q
2Q
3Q(Consolidated)
Yen
Yen
Yen
Yen
Yen
Million yen%%
Year ended Mar. 2015
0.00
34.00
34.00
100
30.5
8.9
Year ended Mar. 2016
0.00
(Notes) 1. Dividend forecast for the year ended March 2016 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 2017 is undecided.
Total
dividend(Total)

Dividend
payout ratio(Consolidated)

3．Forecast of consolidated business results for the year ending March 2017
(April 1, 2016 through March 31, 2017)
Net sales
Million yen(% change from the previous corresponding period)
Operating income%Million yen

Ordinary income%Million yen

Net income%Million yen%

Year ending Mar. 2017
(Note) From the next fiscal year, the company will disclose its business results on non-consolidated basis, because the company sold aportion of shares of a consolidated subsidiary “Precision Marketing,Inc.” as of January 20, 2016.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): Yes
Excluded: 1 (Company name) Precision Marketing,Inc.
(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: Yes: None: None: None(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of March 2016
10,327,200 shares
As of March 2015
10,327,200 shares② Treasury stock at the end of period:
As of March 2016
5,165,854 shares
As of March 2015
4,397,000 shares③ Average number of stock during period
Year ended March 2016
5,347,963 sharesYear ended March 2015
5,978,186 shares(Note) The company conducted a 2-for-1 stock split effective March 18, 2016. The number of shares is calculated assuming that the stock split
was conducted at the beginning of the previous consolidated fiscal year.

－2 －(Reference) Summary of non-consolidated business results
1. Non-consolidated business results for the fiscal year ended March 2016(April 1, 2015 through March 31, 2016)(1) Non-consolidated results of operations

Year ended Mar. 2016
Year ended Mar. 2015(% change from the previous corresponding period)

Net sales
Million yen
%
4,660
7.5
4,336-4.2

Operating income
Million yen%
628
12.5559
8.7

Net income
per share

Diluted net income pershare
Yen
78.66
55.26

Yen
Year ended Mar. 2016
Year ended Mar. 2015

78.66
55.27

Ordinary income
Million yen%
628
11.9562
8.9

Net income
Million yen
%
420
27.3
330
5.0(Note) The company conducted a 2-for-1 stock split effective March 18, 2016. Net income per share and diluted net income per share are calculated
assuming that the stock split was conducted at the beginning of the previous consolidated fiscal year.

(2) Non-consolidated financial position
Total assets
Million yen
3,505
3,308

As of Mar. 2016
As of Mar. 2015

Shareholders’ equity
ratio

Net assets
Million yen
1,015
1,170

Net assets pershare%

Yen

29.0
35.3

196.74
197.18(Reference) Shareholders’ equity:
As of March 2016: 1,015 million yen
As of March 2015: 1,169 million yen(Note) The company conducted a 2-for-1 stock split effective March 18, 2016. Net assets per share are calculated assuming that thestock split was conducted at the beginning of the previous consolidated fiscal year.

2．Forecast of non-consolidated business results for the year ending March 2017
(April 1, 2016 through March 31, 2017)
Net salesYear ending Mar. 2017(% change from the previous corresponding period)
Operating income

Ordinary income

Net income

Million yen%

Million yen%

Million yen%

Million yen%

5,032

8.0

331

-47.3

331-47.3

229-45.6(Note) Only the results for the full year have been disclosed because the company manages its business results annually.

*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.

－3 －