Consolidated Financial Results
for the Third Quarter Ended December 31, 2015 [ Japan GAAP ]February 4, 2016

The Sumitomo Warehouse Co., Ltd.
Securities code:

9303

Stock exchange listings:

Tokyo

URL:

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

Representative:

Takanori Ono, President

Inquiries:

Akio Kakutani, Executive Officer, General Manager,
Finance & Accounting DepartmentTel:+81 6 6444 1183

Quarterly statement filing date (as planned):

February 9, 2016

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, 2015 (April 1, 2015- December 31, 2015)
Figures are rounded down to the nearest million yen, except per share figures.
(1) Consolidated operating results
Operating revenue
Millions of yen(％: change from the previous year)

Operating income％

Millions of yen

Profit attributable toOrdinary income％

Millions of yen

owners of parent％％

Millions of yen

Nine months ended December 31, 2015

130,688

2.1

8,271

18.0

10,286

22.1

6,365

8.8

Nine months ended December 31, 2014

128,002

5.5

7,011

(7.7)

8,423

(6.3)

5,848

12.2

Note: Comprehensive income:Nine months ended December 31, 2015: 5,605 million yen；-53.5%
Nine months ended December 31, 2014: 12,058 million yen；-45.7%
Net income per share
Yen

Diluted net income
per share
Yen

Nine months ended December 31, 2015

35.62

35.58

Nine months ended December 31, 2014

32.75

32.74

(2) Consolidated financial positions
Total assets

Net assets

Capital adequacy ratio

Millions of yen

Millions of yen％

As of December 31, 2015

311,858

174,523

53.5

As of March 31, 2015

302,545

171,50354.2

Note: Owner’s equity
As of December 31, 2015: 166,910 million yen
As of March 31, 2015: 164,121 million yen

2. Dividends
Dividend per shareFirst quarter
Yen

Second quarter
Yen

Third quarter
Yen

Year ended March 31, 2015

－

6.00

－

Year ending March 31, 2016

－

6.00

－

Year ending March 31, 2016
(Forecast)
Note: Correction of dividend forecast from the most recent dividend forecast: None

- 1-

Fiscal year end
Yen

Total
Yen

7.00

13.00

6.00

12.00

3. Consolidated forecasts for the year ending March 31, 2016 (April 1, 2015-March 31, 2016)
Operating revenue

Full year

Millions of yen％

177,000

1.3

Operating income％

Millions of yen

10,500Ordinary income
Millions of yen

12.1

11,800％8.7(%: change from the previous year)
Profit attributable to
Net income
owners of parent
per share
Millions of yen

7,200

％

Yen

0.9

40.29

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 in 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: None
4) Retrospective restatement: None
(4) Number of issued and outstanding shares (common stock)
Number of issued and outstanding shares (including treasury stock):
As of December 31, 2015 : 195,936,231 shares
As of March 31, 2015 : 195,936,231 shares
Number of treasury stock:
As of December 31, 2015: 17,221,504 shares
As of March 31, 2015: 17,232,582 shares
Average number of shares:
Third quarter ended December 31, 2015 : 178,718,679 shares
Third quarter ended December 31, 2014 : 178,570,989 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 at
the 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)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Real estate for sale
Work in process
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets

As of March 31, 2015

As of December 31, 2015

26,861
19,471
76
30
773
4,928
(110)

30,557
19,521
51
23
590
5,545
(104)

64,480
3,437
7,831
1,147
49,2657,135
676

70,202
3,985
7,473
1,085
49,424
2,998
647

133,973

135,817

3,823
5,573
1,445
217

3,135
5,546
1,351
209

11,060

10,242

96,351445
2,353－

95,833
481
2,159
5,000
6,389
(250)

52,031

Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Vessels, net
Tools, furniture and fixtures, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Leasehold right
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Long-term time deposits
Other
Allowance for doubtful accounts

6,542
(212)

Total investments and other assets
Total non-current assets
Total assets- 3-56,184105,480

109,613

250,513

255,673

302,545

311,858(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable-trade
Current portion of bonds
Short-term loans payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Provision for directors' retirement benefits
Long-term deposits received
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets- 4-

As of March 31, 2015

As of December 31, 201512,261
100
16,567
1,522
1,583
7,040

12,111100
13,461
1,290
1,106
5,665

39,07533,735

12,20043,91924,203
2,693
92
7,665
1,192

25,10043,16023,841
2,592
69
7,753
1,082

91,966

103,599

131,041

137,335

21,822
19,15983,175(8,956)

21,822
19,24087,065(8,951)

115,201

119,176

42,945
(7)
5,719
261

42,649
(21)
4,823
281

48,91947,733

101
7,280

163
7,449

171,503

174,523

302,545

311,858

(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive income(Consolidated quarterly statements of income)(Millions of yen)

Operating revenue
Warehouse income
Harbor transportation income
International transportation income
Land transportation income
Shipping income
Rent income of warehouse and logistics facilities
Rent income of real estate
Other
Total operating revenue
Operating cost
Cost of sales
Personal expenses
Rent expenses
Taxes and dues
Depreciation
Other
Total operating cost
Operating gross profit
Selling, general and administrative expenses
Salaries and allowances and welfare expenses
Provision for bonuses
Retirement benefit expenses
Amortization of goodwill
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest and dividend income
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income- 5-Nine months ended
December 31, 2014

Nine months ended
December 31, 2015

17,06928,054
26,587
20,47921,269
3,980
6,139
4,421
128,002

17,012
27,61325,80020,06924,675
3,902
6,970
4,645
130,688

79,043
14,516
7,482
1,421
4,997
6,453
113,914
14,08778,81814,818
7,773
1,663
5,417
6,376
114,868
15,820

3,821
169
181
362
2,541
7,076
7,011

4,008
259
210
363
2,707
7,549
8,271

1,642
239
187
2,069

1,765
191
583
2,540

386
186
85
657
8,423

333
－
191
525
10,286

(Millions of yen)

Extraordinary income
Gain on sales of non-current assets
Compensation income
Gain on reversal of foreign currency translation adjustment
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Business structure improvement expenses
Total extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent- 6-

Nine months ended
December 31, 2014

Nine months ended
December 31, 2015

21
994
－
1,016

34
－
32
67

55
－
162
218
9,221
2,216
936
3,153
6,068
220
5,848

94
64
30
189
10,164
3,025
272
3,297
6,866
501
6,365

(Consolidated quarterly statements of comprehensive income)(Millions of yen)

ProfitNine months ended

Nine months ended

December 31, 2014

December 31, 2015

6,068

6,866

5,108

(312)

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges－

Foreign currency translation adjustment

762

Remeasurements of defined benefit plans, net of tax(10)

Share of other comprehensive income of entities

130

accounted for using equity method
Total other comprehensive income

5,990

Comprehensive income

12,058

(23)

(889)
22

(58)

(1,261)
5,605

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests- 7-

11,751

5,315

307

289

(3) Consolidated quarterly statements of cash flows(Millions of yen)
Nine months ended Nine months ended
December 31, 2014 December 31, 2015
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Compensation income
Amortization of goodwill
Increase (decrease) in provisionInterest and dividend income
Interest expenses
Share of (profit) loss of entities accounted for using equity method
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable-trade
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Proceeds from compensation
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Payments of loans receivableCollection of loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Increase in short-term loans payable
Decrease in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
- 8-

9,221
5,387
51
(994)
362
(580)
(1,642)
386
(239)
(21)
55
－
(538)
(206)
295
11,535
1,730
(407)
497
(3,045)
10,31010,164
5,747
－
－
363
(465)
(1,765)
333
(191)
(34)
94
64
(328)
(52)
(1,259)12,670
1,832
(345)
－
(3,379)10,777(4,779)6,425(11,997)
32
(286)
(30)
3,003
(72)
29
(572)
(8,246)(13,847)
4,560(7,890)
170
(354)
(29)
0
(68)
29
52
(17,379)

6,282(5,638)200(6,519)－(2,124)(204)(8,004)339(5,601)
22,616
17,015

5,131(4,696)
1,100(5,399)13,000(2,220)
(364)
6,549
(528)
(580)
21,82821,248

(4) Segment information
Information related to operating revenue and income (loss) by reportable segment
Nine months ended December 31, 2014
Reportable segment
Adjustment(Note 1)

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

Logistics

Shipping

Real estate

Total

100,492

21,2696,240

128,002－

128,002

316

112

276

705

(705)

－

100,808

21,381

6,517

128,707(705)

128,002

6,791

715

2,538

10,045(3,034)

7,011

Operating revenue
Operating revenue to outside customers
Intersegment transfers
Total
Segment income

Notes: 1. Adjustment in segment income of ¥ -3,034 million includes company-wide expenses of ¥ -3,012 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, 2015
Reportable segment
Adjustment(Note 1)

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

Logistics

Shipping

Real estate

Total

98,76824,675

7,244

130,688－

130,688

304

130

280

715

(715)

－

Total

99,07324,806

7,525

131,404(715)

130,688

Segment income

6,654

1,599

3,428

11,682(3,410)8,271

Operating revenue
Operating revenue to outside customers
Intersegment transfers

Notes: 1. Adjustment in segment income of ¥ -3,410 million includes company-wide expenses of ¥ -3,436 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.

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between thistranslated document and the Japanese original, the original shall prevail.

- 9-