Summary of Business Results for the Year Ended March 31, 2011
[Japan GAAP] (Consolidated)
May 13, 2011
Listed on the TSE2
JP- Holdings Inc.
2749
URL: http://www.jp-holdings. co.jp
Hiromi Yamaguchi, President and Representative Director
Kazuhiro Ogita
C o n t a c t
T E L: +81-52-933-5419
Managing Director, General Manager of Administration Div.
Expected date of annual shareholders’ meeting: June 29, 2011
Expected starting date of dividend payment: June 30, 2011
Expected date of filing of annual securities report: June 30, 2011
Preparation of supplementary financial document: Yes
Results briefing: Yes (for institutional investors and individual investors)
Company
St o c k C o d e
Representative（Rounded down to million yen）

１. Consolidated business results for the year ended March 2011 (April 1, 2010 through March 31, 2011)(1) Consolidated results of operations

Year ended Mar. 2011
Year ended Mar. 2010(% change from the previous corresponding period)

Net sales
Million yen%
9,166
11.9
8,194
12.7

Operating income
Million yen%
839
13.7
738
41.8

Ordinary income
Million yen%
866
8.3
800
13.1

Net income
Million yen%
50012.54440.9(Note) Comprehensive income:Year ended March 2011: 499 million yen (12.5%)
Year ended March 2010: 444 million yen (― %)Net incomeper share
Yen
Year ended Mar. 2011
Year ended Mar. 2010

Return onequity

Diluted net
income per share
Yen

66.77
60.68

%

66.51
59.99

18.3
25.8

Ratio of ordinary
income to total
assets
%11.4
15.9

Ratio of operating
income to net sales%
9.2
9.0(Reference) Investment earnings/loss on equity-method:Year ended March 2011: ― million yen
Year ended March 2010: ― million yen(2) Consolidated financial position
Total assets

Net assets

Million yen
9,432
5,763

As of Mar. 2011
As of Mar. 2010

Million yen
3,559
1,903

Shareholders’ equity
ratio%
37.7
32.9

Net assets per
shareYen
427.29257.95(Reference) Shareholders’ equity:
As of March 2011: 3,555 million yen
As of March 2010: 1,898 million yen(3) Consolidated results of cash flows

Year ended Mar. 2011
Year ended Mar. 2010

Cash flows fromoperating activities
Million yen
915
378

Cash flows frominvesting activities
Million yen(1,808)(906)

Cash flows fromfinancing activitiesMillion yen
2,473
412

Cash and cash equivalents
at the end of period
Million yen
2,602
1,022

2. Dividends
Annual dividendYear ended Mar. 2010
Year ended Mar. 2011
Year ending Mar. 2012
(forecast)End of1Q

End of2Q

End of3Q

Yen
―
――

Yen
0.00
0.00

Yen
―
――0.00(Note) Breakdown of year-end dividend for fiscal 2011

Year-end

Annual

Yen
20.00
29.00

Yen
20.00
29.00

13.00

13.00

Total
dividend(Total)Million yen
147
241

Commemorative dividend: ¥5.00－ 1 －Dividend
payout ratio(Consolidated)%
33.0
43.431.7

Rate of total
dividend to net
assets(Consolidated)
%
8.5
8.5

JP-Holdings plans a two-for-one stock split, payable on June 1, 2011, to shareholders of record on May 31, 2011.
Therefore, annual dividend for the year ending March 2012 (forecast) reflects the stock split.

3．Forecast of consolidated business results for the year ending March 2012
(April 1, 2011 through March 31, 2012)
Net sales
Million yen
For the six months
ending Sept. 2011
Year ending Mar. 2012%

Operating income

Ordinary income

Million yen

Million yen%%(% change from the previous year)
Net incomeNet income pershare
YenMillion yen %―――――――――

11,900

29.8

1,150

36.9

1,190

37.3

682

36.4

40.98

(Note) At this point, it is difficult to make a reasonable assessment of the consolidated business forecast for the six
months ending September 2011 due to the effect of the Great East Japan earthquake. Therefore, the forecast has
been omitted. An announcement will be made promptly when we are able to give the forecast.
As mentioned in the “2. Dividend,” JP-Holdings plans to conduct a stock split. Therefore, net income per sharereflects the stock split.

4. Others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Changes in rules, procedures and indication methods of accounting process concerning the preparation ofconsolidated financial results (Changes to important items that form the basis for preparing consolidated
financial statements)① Changes due to revision of accounting standards: Yes② Changes other than ①: None
(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
8,321,200 shares
As of March 2011
As of March 2010
7,750,000 shares② Treasury stock at the end of period:
As of March 2011
80 shares
As of March 2010
389,700 shares③ Average number of stock during period (cumulative period)
Year ended March 2011
7,489,545 sharesYear ended March 2010
7,323,877 shares(Reference) Summary of non-consolidated business results
1. Non-consolidated business results for the year ended March 2011 (April 1, 2010 through March 31, 2011)(1) Non-consolidated results of operations

Year ended Mar. 2011
Year ended Mar. 2010(% change from the previous year)

Net sales
Million yen%613(0.4)
615
10.2

Operating income
Million yen%
196(23.7)258
26.5

Net income
per share

Diluted net
income per share
Yen

Year ended Mar. 2011
Year ended Mar. 2010

22.62
35.89

Yen
22.53
35.48

－ 2 －Ordinary income
Million yen%
252(17.7)307
23.0

Net income
Million yen%
169(35.6)262
15.5

(2) Non-consolidated financial position
Total assets
As of Mar. 2011
As of Mar. 2010

Million yen
5,835
3,131

Net assets
Million yen
2,501
1,175

Shareholders’ equityratio%
42.9
37.5

Net assets pershareYen
300.68159.74(Reference) Shareholders’ equity:
As of March 2011: 2,501 million yen
As of March 2010: 1,175 million yen※Implementation status of auditing procedure
・This financial summary is not subject to auditing procedure pursuant to the Financial Instruments and Exchange Act.
At the time of disclosure of this report, the audit of financial statements pursuant to the Financial Instruments andExchange Act is being performed.
※Appropriate Use of Financial Forecasts and Other Important Matters
・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. Actual results
may differ significantly from the forecasts due to various factors.
・JP-Holdings plans to hold results briefing for institutional investors and individual investors on May 16, 2011.After theresults breifing, we will promptly post presentation materials distributed at our results briefing. Please confirm theresults briefing schedule and other information on our website.
・JP-Holdings plans a two-for-one stock split, payable on June 1, 2011, to shareholders of record on May 31, 2011.
Therefore, annual dividend for the year ending March 2012 (forecast) in the “Dividend” and net income per share in
the “Forecast of consolidated business results for the year ending March 2012 (April 1, 2011 through March 31,2012)” reflect the stock split.

－ 3 －