Summary of Business Results for the Second Quarter Ended September 30, 2014
[Japan GAAP] (Consolidated)
November 11, 2014
Company
Estore Corporation
Stock Code4304
URL: http://Estore.jp
Representative
Kenichi Ishimura, Representative Director
Contact
Youichi Yanagida, Director
Expected date of filing of quarterly report: November 13, 2014
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: Yes (for institutional investors and analysts)

Listed on the TSE

T E L: +81-3-3595-1106（Rounded down to million yen）１. Consolidated business results for the six months ended September 2014
(April 1, 2014 through September 30, 2014)(1) Consolidated results of operations
Net sales
Million yen%
2,857-0.4
2,869-3.5(% change from the previous corresponding period)
Operating income
Ordinary income
Net income
Million yen% Million yen% Million yen%
302-1.6
303-1.6
189-1.3
307-13.0
308-12.1
191-7.8

Six months ended Sep. 2014
Six months ended Sep. 2013
(Note) Comprehensive income
Six months ended September 2014: 197 million yen (-1.0%)
Six months ended September 2013: 199 million yen (-7.1%)
Net income
Diluted net income perper shareshareYen
Yen
Six months ended Sep. 2014
62.84
62.83
Six months ended Sep. 2013
53.32
53.31
(Note) The Company conducted a 100-for-1 stock split effective October 1, 2013. Net income per share and diluted net income pershare are calculated assuming that the stock split was conducted at the beginning of the pervious consolidated fiscal year.

(2) Consolidated financial position
Total assets

Shareholders’ equity
ratio

Net assets

Million yen
As of Sep. 2014
3,232
As of Mar. 2014
3,468(Reference) Shareholders’ equity:
As of September 2014: 1,041 million yen
As of March 2014:
995 million yen

Million yen%

1,089
1,037

32.2
28.7

2. Dividends
End of 1Q

End of 2Q
Yen

Yen

Annual dividend
End of 3Q
Yen-Year-end

Total
Yen

Year ended Mar. 2014
0.00
31.00
31.00
Year ending Mar. 2015
0.00
(Notes) 1. In the Articles of Incorporation, the Company sets its record dates for the distribution of dividends at the end of 2nd quarterand at the end of year but at present, the estimated amount of dividends have not yet been decided.
2. Dividend forecast for the year ending March 2015 is not presented.

3．Forecast of consolidated business results for the fiscal year ending March 2015
(April 1, 2014 through March 31, 2015)
Net salesYear ending Mar. 2015

Operating income(% change from the previous corresponding period)
Ordinary income
Net income

Million yen%

Million yen%

Million yen%

Million yen%

6,083

3.6

459

-16.6

459

-17.0

268

-17.2

(Note) Revisions to business forecast for the current quarter: None
Only full year business forecasts are presented because the company conducts annual performance control.

－1 －Yen※Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Application of accounting procedures specific to preparation of the consolidated quarterly financial statements:
None(3) 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

(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of September 2014
5,163,600 shares
As of March 2014
5,163,600 shares②Treasury stock at the end of period
As of September 2014
2,198,500 shares
As of March 2014
2,145,100 shares③Average number of stock during period (quarterly cumulative period)
Six months ended September 2014
3,012,955 shares
Six months ended September 2013
3,597,188 shares(Note) The Company conducted a 100-for-1 stock split effective October 1, 2014. The number of shares arecalculated assuming that the stock split was conducted at the beginning of the pervious consolidated fiscalyear.
※Implementation status of quarterly review procedure
This financial summary is not subject to the quarterly review procedures pursuant to the Financial Instruments andExchange Act. At the time of disclosure of this report, the procedures for review of 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 to variousfactors.

－2 －