This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States.

SENKO Co., Ltd.

Summary of Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2013
[Japan GAAP]
January 31, 2013
Name of Listed Company :Code Number :SENKO Co., Ltd.
9069

Stock Listed on : the First Section of the Tokyo Stock Exchange
and Osaka Securities Exchange
URL http : //www.senko.co.jp
Representative :Title : President
Name : Yasuhisa Fukuda
Inquiries :Title : Executive Officer, Public Relations
Name : Noburoh Sasaki
Tel. (06) 6440-5155
Scheduled Date of Issue of Financial Report :February 13, 2013
Scheduled Date of Dividend Paid : －Supplemental Information Materials :None

Scheduled Date of Quarterly Information Meeting :None

1. Consolidated Operating Results for the Third Quarter Ending March 2013 (From April 1, 2012 to December 31, 2012)(1) Consolidated Operating Results
Note : Amounts less than one million yen have been rounded down.
Operating revenues

Operating income

Ordinary income

Million yen
221,627
200,620

Million yen
8,140
6,923

Million yen
8,252
6,760

%
10.510.2

Net income%Third quarter ending March 31, 2013
69.3
Third quarter ended March 31, 2012
0.5(Note) Comprehensive income :Third quarter ending March 31, 2013: 4,650 million yen (67.6%) Third quarter ended March 31, 2012: 2,774 million yen (6.3 %)Net income
per share

%
17.6
30.0

Yen

Diluted net income pershare
Yen

Third quarter ending March 31, 2013

37.29

33.70

Third quarter ended March 31, 2012

22.01

19.96%
22.1
25.5

Million yen
4,687
2,769(2) Consolidated Financial Position
Total assets

Net assets

Million yen
205,340
202,847

Third quarter ending March 31, 2013
Fiscal year ended March 31, 2012
(Reference) Shareholders’ equity :Third quarter ending March 31, 2013: 64,073 million yen

Net assets per share

Equity ratio

Million yen
66,137
63,274%
31.2
30.3

Yen
512.93488.25

Fiscal year ended March 31, 2012: 61,424 million yen

2. Dividends
First quarter
Yen
Fiscal year ended March 31, 2012
Fiscal year ending March 31, 2013－－

Second quarter
Yen
6.00
7.00

Annual dividend
Third quarter
Yen

Year-end－－

Fiscal year ending March 31, 2013
(Forecast)

TotalYen6.00

Yen
12.00

6.00

13.00

(Note) Change in the estimation of dividend for the fiscal year in this period : NoneDividends include a ¥1.00 commemorative dividend for the end of second quarter and year-end of fiscal year ended March 31, 2012 .

3. Forecast of Consolidated Operating Results for the Year Ending March 2013 (From April 1, 2012 to March 31, 2013)(Percentage figures represent year on year changes)
Net income per
Operating revenues Operating income Ordinary income
Net income
shareMillion yen% Million yen% Million yen% Million yen%Yen
Fiscal year ending March 2013

295,000

9.1(Note) Change in the forecast made in this period : None

10,00020.9

10,000

20.0

5,000

43.7

39.77

*Notes(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries associated with change in scope ofconsolidation) : None
(2) Use of accounting methods specifically for the preparation of the quarterly consolidated financial statements : None
(3) Changes in accounting principles and estimates, and retrospective restatements(a) Changes due to revision of accounting standards : Yes(b) Changes other than in (a) : None(c) Changes in accounting estimates : Yes(d) Retrospective restatements : None(Note) Changes to be stated in the section “Changes in significant matters providing the basis for preparing consolidated financialstatements”. For more information, please see “Changes in Accounting Principles and Estimates, and RetrospectiveRestatements.” on page 3.
(4) Shares outstanding (Common shares)(a) Shares outstanding (including treasury stocks)
As of December 31, 2012:
128,989,476 shares
As of March 31, 2012(b) Treasury stock
As of December 31, 2012:
4,073,006 shares
As of March 31, 2012(c) Average number of shares (quarterly consolidated cumulative period)
Period ended December 31, 2012 125,714,021 shares
Period ended December 31, 2011

128,989,476 shares
3,183,467 shares
125,812,998 shares*Information concerning quarterly review procedure
This quarterly financial report is not subject to the quarterly review procedure prescribed by the Financial Instruments and Exchange Law.
The review procedure prescribed by the Financial Instruments and Exchange Law for the quarterly consolidated financial statements had
not been completed when this quarterly financial report was released.
*Cautionary statement regarding forecasts of operating results and special notes
Forward-looking statements in these materials are based on information available to management at the time this report was prepared
and assumptions that management believes are reasonable. Actual results may differ significantly from these statements for a number ofreasons. For information about the assumptions used for forecasts and precautions concerning the use of forecasts, please see“Forecast for Fiscal Year Ending March 2013” on page 3.

Index to accompanying materials2

1．Results of Operations and Financial Condition(1) Results of Operations

2(2) Financial Condition

2(3) Forecast for Fiscal Year Ending March 201333

2．Other Information(1) Changes in Significant Subsidiaries

3(2) Use of Accounting Methods Specifically for the Preparation of the Quarterly Consolidated Financial Statements

3(3) Changes in Accounting Principles and Estimates, and Retrospective Restatements

3

3．Consolidated Financial Statements

4(1) Consolidated Balance Sheets

4(2) Consolidated Statements of (Comprehensive) Income

6Consolidated Statements of Income
For the nine months ended December 31, 2011 and 20126

Consolidated Statements of Comprehensive Income
For the nine months ended December 31, 2011 and 2012

71

1.

Results of Operations and Financial Condition(1)

Results of Operations
In the first three quarters of the current fiscal year (April 1, 2012 to December 31, 2012), the Japanese economy initiallyappeared to be enjoying a gradual recovery in manufacturing activity and consumer expenditure in due to public works spending
and other recovery-related demand from the earthquake and government initiatives including the eco-car subsidy but
subsequently the economic environment continued to be challenging because of the persistence of the strong yen and a decline
in exports caused by the slowdown in overseas economies combined with the deterioration of the impact of government policies
to stimulate consumer spending. However, the weakening in the yen and the rise in the stock market in response to thechange of government in December stimulated hopes of a recovery in the economy.
In the logistics industry too, an initial limited improvement in manufacturing activity and consumer spending resulted in a rising
trend in cargo volumes but this was followed by further declines in both exports and consumer expenditure and so the operating
environment remains difficult.
In this environment, the Senko Group is conducting aggressive activities in Japan and overseas because this is the final year of
the three-year medium-term business plan based on the slogan “Moving Global” that it started in April 2010.
In Japan, as the companies that ship cargo made moves to spread out the locations of manufacturing and inventory storage
locations regionally as a hedge against the risk of natural disasters and strove to secure multiple sources for raw materials andsupplies and concentrated regional warehousing facilities so as to improve logistical efficiency on a regional basis, the Senko
Group took positive steps to satisfy these regional needs and to serve new customers won by aggressive marketing programs
by establishing new logistical facilities in the Hokkaido, Kanto, Chubu and Kansai regions. Overseas, the group is actively
developing its business by undertaking new logistics operations in China, Thailand, and Kazakhstan.
In September, as part of the drive to strengthen our commerce and trade business, we welcomed Obata Co., Ltd. into the groupas a subsidiary. Obata Co., Ltd. conducts wholesale activities in health foods and beverages, daily-use items, cosmetics andother goods in the Hokkaido and Tohoku regions.
In the first three quarters, revenues increased 10.5% to 221,627 million yen as a result of aggressive sales activities to attract
new customers, the contribution deriving from the investments made to establish large new facilities in Noda City in Chiba
prefecture, Kitahiroshima City in Hokkaido, and Hyuga City in Miyazaki Prefecture last year, and the acquisitions of Smile Corp.
and Chugoku Piano Transport Co., Ltd. in the previous fiscal year.
Earnings benefited from growth in sales, the contribution from the newly acquired subsidiaries, cost-cutting measures and steps
taken to increase productivity with the result that operating income increased 17.6% to 8,140 million yen, ordinary income
increased 22.1% to 8,252 million yen, and net income increased 69.3% to 4,687 million yen.
The first three quarters business segment performance as follows.
Distribution
There was an increase in cargo volume for general merchandise stores (GMS) in the distribution logistics business because of
the start of operations at large logistics facilities in the previous fiscal year. In the housing distribution business, there was anincrease in cargo volume for housing materials. Chugoku Piano Transport Co., Ltd., which became a subsidiary in the previous
fiscal year, also contributed to the performance in the period. As a result, segment operating revenues increased 2.7% to172,557 million yen.
Commerce and Trade
Operating revenues increased 54.4% to 46,876 million yen due to the addition of Smile Corp. to the group in the previous fiscalyear and higher revenues in the trade business and petroleum marketing business.
OthersOperating revenues decreased 1.5% to 2,193 million yen.

(2)

Financial Condition
Total assets
Total assets were 205,340 million yen at the end of the third quarter, 2,493 million yen higher than at the end of the previous
fiscal year. This was mainly due to an increase of 2,463 million yen in notes and accounts receivable.

2Liabilities
Total liabilities were 139,203 million yen at the end of the third quarter, 369 million yen lower than at the end of the previous fiscalyear. There were increases of 862 million yen in short-term loans payable, 5,000 million yen in convertible bond-type bonds with
subscription rights and 1,345 million in long-term loans payable but there were decreases in current portion of bonds with
subscription rights of 4,900 million, income taxes payable of 1,141 million yen, provision for bonuses of 1,137 million yen, and inlease obligations of 325 million yen.
Net assets
Net assets increased 2,863 million yen to 66,137 million yen mainly because of a 3,048 million yen increase in retained earnings.
The equity ratio increased 0.9 percentage points to 31.2%.

(3) Forecast for Fiscal Year Ending March 2013
Despite risk factors including the slowdown in the European economies and the deterioration in Sino-Japanese relations, theJapanese economy will probably recover at a moderate pace in response to indications of a bottoming out in domestic
manufacturing and other economic activity in Japan, the effects of government measures to stimulate the economy, and risingexports as a result of yen weakness and recovery in the Chinese and US economies.
In this environment, based on its medium-term management vision, the Senko Group’s goal is to become a “logistics andinformation organization” that can coexist with society, increase employees’ dedication to growth, and be a source of services
with outstanding performance in relation to their cost on a global scale.
There are no revisions to the forecasts announced October 30, 2012 for consolidated operating revenues, operating income andordinary income because performance in the current fiscal year is generally in line with the group’s projections.

2.

Other Information(1)Changes in Significant Subsidiaries(2)

Use of Accounting Methods Specifically for the Preparation of the Quarterly Consolidated Financial Statements

NoneNone(3)

Changes in Accounting Principles and Estimates, and Retrospective Restatements(Changes in accounting policies for items that are difficult to categorize as changes in accounting estimates)
In conjunction with a revision in Japan’s Corporate Income Tax Law, Senko and its consolidated subsidiaries in Japan have revised
the method used for depreciation starting with the first quarter of the current fiscal year. The revised depreciation method, which isbased on the amended Corporate Income Tax Law, is applied to property and equipment purchased on or after April 1, 2012. This
revision had only a negligible effect on earnings.

33. Consolidated Financial Statements(1)

Consolidated Balance Sheets(Unit : Millions of Yen)
As of March 31, 2012

As of December 31, 2012

AssetsCurrent assets
Cash and deposits

13,354

12,768Notes and accounts receivable

40,68843,151

Merchandise

4,087

4,272

Real estate for sale33

Work in process

150

322

Supplies

188

173

Other

5,834

5,879

Allowance for doubtful accounts

(53)

(85)

64,254

66,485

Buildings and structures (net)45,80644,669Land

39,837

40,124

Other (net)10,495

10,568

Total property, plant and equipment

96,13995,361

3,730

3,522

Other

3,505

3,612

Total intangible assets

7,235

7,134

Guarantee deposits

8,810

9,259

Deferred tax assets

4,000

4,084

Other

22,687

23,276

Total current assets
Noncurrent assets
Property, plant and equipment

Intangible assets
Goodwill

Investments and other assets

Allowance for doubtful accounts

(280)

(262)

Total investments and other assets35,217

36,358

138,592

138,854

202,847

205,340

Total noncurrent assets
Total assets

4

(Unit : Millions of Yen)
As of March 31, 2012

As of December 31, 2012

Liabilities
Current liabilities
Notes and operating accounts payable- trade32,29732,178Current portion of bonds with subscription rights

4,900

―

Short-term loans payable

13,936

14,798

Income taxes payable

2,281

1,139

Provision for bonuses

3,125

1,988

Provision for directors’ bonuses

172

115

Reserve for loss on disaster

43―

Other11,327

11,631

Total current liabilities

68,08461,851

12,00012,000Noncurrent liabilities
Bonds payable
Convertible bond-type bonds with subscription rights

―

5,000

Long-term loans payable

40,422

41,767

Provision for retirement benefits

9,468

9,527

Provision for directors’ retirement benefits

66

65

Provision for special repairs

5256

Asset retirement obligations

316

322

Other

9,162

8,613

Total noncurrent liabilities

71,48977,351

139,573

139,203

Capital stock

20,521

20,521

Capital surplus

18,782

18,782

Total liabilities
Net assets
Shareholders’ equity

Retained earnings

22,901

25,949Treasury stock(1,049)(1,351)

Total shareholders’ equity

61,15563,901

Valuation differences on available-for-sale securities

157

186

Deferred gains or losses on hedges

156

23

Foreign currency translation adjustment

(44)

(37)

Total accumulated other comprehensive income

269

172

Accumulated other comprehensive income

Subscription rights to shares

149

195

Minority interests

1,700

1,868

Total net assets

63,274

66,137

202,847

205,340

Liabilities and net assets

5

(2)

Consolidated Statements of (Comprehensive) Income(Consolidated Statements of Income)(For the nine months ended December 31, 2011 and 2012)(Unit : Millions of Yen)
Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

(April 1, 2011 – December 31, 2011)(April 1, 2012 – December 31, 2012)

Operating revenues

200,620

221,627

Cost of sales

181,814

198,813Gross profit

18,805

22,814

Selling, general and administrative expenses

11,881

14,674

Operating income

6,923

8,140

Interest income

123

125

Dividends income

693

742

Non-operating income

Other
Total non-operating income

327

375

1,144

1,243

881

876

Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income

426

255

1,307

1,131

6,760

8,252

Extraordinary loss
Loss on retirement of noncurrent assets

118

94

Loss on revaluation of investment securities―

42

Loss on sales of noncurrent assets

299―

Special retirement expenses

179―

Loss on cancellation of lease contracts

30―

Total extraordinary loss

628

137

Income before income taxes

6,132

8,115

Income taxes- current

1,087

2,490

Income taxes- deferred

2,311

880

Total income taxes

3,399

3,371

Income before minority interests

2,732

4,743

Minority interest in income or loss

(36)

56

2,769

4,687

Net income6

(Consolidated Statements of Comprehensive Income)(For the nine months ended December 31, 2011 and 2012)(Unit : Millions of Yen)
Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

(April 1, 2011 – December 31, 2011)

Income before minority interests

2,732(April 1, 2012 – December 31, 2012)

4,743

Other comprehensive income
Valuation difference on available-for-sale securities

(4)

36

Deferred gains or losses on hedges

83

(136)

Foreign currency translation adjustment(33)6

Share of other comprehensive income of associates accounted forusing equity method

(3)

(0)

Total other comprehensive income
Comprehensive income

41(93)

2,774

4,650

2,804

4,590(30)59Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests7