Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended March 31, 2018
(Based on Japanese GAAP)May 11, 2018
Company name:
Optorun Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

6235
President

URL

http://www.optorun.co.jp/Ihei Hayashi

Inquiries:
CFO,Director Senior Managing Officer
Scheduled date to file Quarterly Securities Report:

Toshinori Takahashi
May 11, 2018

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–
No

Holding of quarterly financial results meeting:

NoTEL

049-239-3381(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended March 31, 2018 (from January 1, 2018 to March 31, 2018)(1) Consolidated operating results (cumulative)
Net sales
Three months ended March 31, 2018
Three months ended March 31, 2017

Millions of yen10,710–Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%–3,263–
3,426
–
2,381
––––––––

Earnings per share

Diluted earnings per share

Yen
57.97
–

Three months ended March 31, 2018
Three months ended March 31, 2017

Yen
54.10
–(2) Consolidated financial position
Total assets
As of March 31, 2018
As of December 31, 2017

Net assets

Millions of yen
50,77756,425Equity ratio

Millions of yen
23,25322,606%45.840.0

2. Cash dividends
Annual dividends per share

Year ended December 31, 2017
Year ending December 31, 2018

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
40.00

Yen
40.00

0.00

–

42.00

42.00

Year ending December 31, 2018 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2018 (from January 1, 2018 to December 31, 2018)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
43,800
31.2
8,100
10.5
8,200
15.6
5,700
18.4
139.341

4. Notes(1) Changes in significant subsidiaries during the three months ended March 31, 2018(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2018

44,358,000 shares As of December 31, 2017

44,358,000 shares

Number of treasury shares at the end of the period
As of March 31, 2018

3,132,000 shares As of December 31, 2017

3,450,000 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended March 31, 2018

41,081,333 shares Three months ended March 31, 2017

2– shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of December 31, 2017

As of March 31, 2018

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

19,893,800
3,380,450

5,184,708
3,569,063

Securities
Work in process–20,228,921

3,186,371
24,544,422

Raw materials and supplies
Deferred tax assets4,878,864
963,357

6,763,941
1,170,396

Other
Allowance for doubtful accounts

3,091,683(181,290)

2,218,685(223,781)

Total current assets

52,255,788

46,413,808

Non-current assets
Property, plant and equipment

2,862,834

2,830,434

Intangible assets
Investments and other assets

81,10273,558Investment securities
Investments in capital

215,829
725,374

195,598
952,902

Deferred tax assets
Other

36,945
247,854

42,172
269,145

Total investments and other assets

1,226,004

1,459,819

Total non-current assets

4,169,940

4,363,811

56,425,729

50,777,620

Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade

7,303,432

6,985,722

Short-term loans payable
Current portion of long-term loans payable

8,970,637
209,742

5,164,244
190,992

Lease obligations
Income taxes payable

13,031
1,757,632

12,7201,189,833

Advances received
Provision for bonuses

11,327,160
435,049

10,546,187
205,971

164,924
68,558–76,118

Other

1,788,161

1,150,855

Total current liabilities

32,038,328

25,522,646

Long-term loans payable
Lease obligations

397,856
35,000350,108
32,053

Deferred tax liabilities
Provision for directors' retirement benefits

977,848
235,337

1,245,849
240,744

Net defined benefit liability
Other

125,119
9,475

123,148
9,125

Total non-current liabilities

1,780,637

2,001,028

33,818,966

27,523,675

Provision for directors' bonuses
Provision for product warranties

Non-current liabilities

Total liabilities3

(Thousands of yen)
As of December 31, 2017

As of March 31, 2018

Net assets
Shareholders' equity
Capital stock

400,000

400,000

Capital surplus
Retained earnings

9,052,807
12,871,295

9,130,486
13,616,517

Treasury shares(226,755)(205,854)

22,097,346

22,941,148

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

5,451(86,078)

4,197–

Foreign currency translation adjustment

580,148

299,615

Total accumulated other comprehensive income

499,521

303,812

Total shareholders' equity
Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

4

9,895

8,983

22,606,763

23,253,944

56,425,729

50,777,620

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)Three months ended
March 31, 2018
Net sales
Cost of sales

10,710,689
5,713,293

Gross profit

4,997,396

Selling, general and administrative expenses

1,733,653

Operating profit

3,263,742

Non-operating income
Interest income
Rent income

14,27527,550Foreign exchange gains
Other

145,567
4,832

Total non-operating income

192,225

Non-operating expenses
Interest expenses

10,692

Share of loss of entities accounted for using equity method
Other

16,056
2,697

Total non-operating expenses

29,446

Ordinary profit

3,426,522

Profit before income taxes

3,426,522

Income taxes

1,045,305

Profit2,381,216

Loss attributable to non-controlling interests(326)

Profit attributable to owners of parent

2,381,542

5

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)Three months ended
March 31, 2018
ProfitOther comprehensive income

2,381,216

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges(1,253)86,078Foreign currency translation adjustment
Share of other comprehensive income of entities accounted(265,882)(14,650)

for using equity method
Total other comprehensive income(195,708)

Comprehensive income

2,185,507

Comprehensive income attributable toComprehensive income attributable to owners of parent

2,186,419

Comprehensive income attributable to non-controllinginterests(912)

6