Consolidated Financial Results
for the Six Months Ended December 31, 2019
[Japanese GAAP]
February 3, 2020
Company name: KAWANISHI HOLDINGS, INC.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2689
URL: https://www.kawanishi-md.co.jp/
Representative: Yohei Maeshima, President COO
Contact: Nobuharu Murata, Managing Director and General Manager, Administrative Department
Phone: +81-86-236-1115
Scheduled date of filing quarterly securities report: February 14, 2020
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Unavailable
Schedule of quarterly financial results briefing session: Scheduled (for securities analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended December 31, 2019 (July 1, 2019 toDecember 31, 2019)(1) Consolidated Operating Results(% indicates changes from the previous year.)
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parent
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%
December 31, 201955,5472.1335(42.1)
329(43.5)
169 (54.4)
December 31, 2018
54,381(0.3)
579(17.8)583(17.4)
371 (37.5)(Note) Comprehensive income: Six months ended December 31, 2019: ¥112 million [(58.7)%]
Six months ended December 31, 2018: ¥272 million [(55.6)%]

Six months ended
December 31, 2019
December 31, 2018

Basic earnings
per share

Diluted earnings
per share

Yen

Yen

30.20
66.26

－－(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

Million yen%

39,043
6,654
As of December 31, 2019
As of June 30, 201933,772
6,771(Reference) Equity: As of December 31, 2019: ¥6,654 million
As of June 30, 2019: ¥6,685 million

17.0
19.8

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen－

40.00

40.0－

40.00

40.0－
0.00
Fiscal year ended June 30, 2019
－0.00
Fiscal year ending June 30, 2020
Fiscal year ending June 30, 2020
(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoneYear-endTotal3. Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2020 (July 1, 2019 to June 30, 2020)(% indicates changes from the previous corresponding period.)
Net sales
Million yen%

Operating income

Ordinary income

Million yen

Million yen%

Net income
attributable toowners of parent%Yen

303 (60.8)

54.15% Million yen

Full year
110,520 2.9
900 (30.8)
911 (30.4)(Note) Revision to the financial results forecast announced most recently: None

Basic earnings
per shareNotes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): None
Newly consolidated: None (Company Name); Removed from consolidation: None (Company Name)(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury stock):
December 31, 2019: 6,250,000 shares
June 30, 2019: 6,250,000 shares2) Total number of treasury stock at the end of the period:
December 31, 2019: 639,505 shares
June 30, 2019: 639,505 shares
3) Average number of shares during the period:
Six months ended December 31, 2019: 5,610,495 shares
Six months ended December 31, 2018: 5,610,633 shares
As of December 31, 2019, 116,600 shares of the Company’s stock held by the Board Benefit Trust were included intreasury stock.
* Quarterly financial results are outside the scope of the quarterly review procedures conducted by a certified public
accountant or audit corporation.
* Explanation of the proper use of financial results forecast and other notes
The figures forecasted above are based on information that is available as of the date of publication of thisdocument, and contain a wide range of uncertain factors. Actual results may differ significantly from thesefigures due to factors such as changes in the business environment.