August 4, 2017(Translation)
Dear Sir/Madam,Company:
Representative:JP-HOLDINGS, INC.
Kazuhiro Ogita,
President and Representative Director(Stock Code: 2749, First Section of TSE)

Contact:

Mika Matsumiya,
General Manager of Administration Div.
(TEL +81-52-933-5419)(Correction)
Notice Concerning Partial Correction to the “Summary of Business Results for the Second Quarter
Ended September 30, 2016 [Japan GAAP] (Consolidated)”
JP-HOLDINGS, INC. announces that portions of the “Summary of Business Results for the Second Quarter Ended
September 30, 2016 [Japan GAAP] (Consolidated)” released on November 4, 2016 have been corrected.
Underlined portions of this document indicate corrections.

1. Reason for Correction
As for the reason for the correction, please refer to the “Notice Concerning the Errors Relating to Consolidated
Financial Statements for Prior Years” released on July 18, 2017.

2. Details of Correction(Summary information)（Rounded down to million yen）

１. Consolidated business results for the six months ended September 2016
(April 1, 2016 through September 30, 2016)(1) Consolidated results of operations(% change from the previous corresponding period)(Before correction)
Net sales

Operating income

Million yen% Million yen
Six months ended Sept. 2016
10,97310.4
351
Six months ended Sept. 2015
9,941
15.1
588(Note) Comprehensive income
Six months ended September 2016: 277 million yen (-28.7%)
Six months ended September 2015: 389 million yen (-5.6%)
Net income
per share
Yen
Six months ended Sept. 2016
Six months ended Sept. 2015

3.34
5.02%
-40.3
7.1

Diluted net income pershare
Yen-－ 1 －Ordinary income
Million yen
437637%-31.4
4.3

Net income attributable toowners of parent

Million yen
279
419%
-33.3
7.8

(After correction)
Net sales

Operating income

Million yen% Million yen
Six months ended Sept. 2016
10,97310.4
299
Six months ended Sept. 2015
9,941
15.1
528
(Note) Comprehensive income
Six months ended September 2016: 243 million yen (-33.8%)
Six months ended September 2015: 368 million yen (-2.5%)
Net income
per shareYen
Six months ended Sept. 2016
Six months ended Sept. 2015

2.93
4.76%
-43.5
4.8

Ordinary income
Million yen
384
578%
-33.4
2.0

Net income attributable toowners of parent

Million yen
245
397%
-38.3
12.4

Diluted net income pershareYen-(2) Consolidated financial position(Before correction)
Total assets

Net assets

Million yen
As of Sept. 30, 2016
22,296
As of Mar. 31, 2016
21,519(Reference) Shareholders’ equity:
As of September 30, 2016: 6,583 million yen
As of March 31, 2016: 6,566 million yen

Million yen
6,587
6,570

Shareholders’ equity
ratio%
29.5
30.5(After correction)
Total assets

Net assets

Million yen
As of Sept. 30, 2016
22,153As of Mar. 31, 201621,126(Reference) Shareholders’ equity:
As of September 30, 2016: 6,258 million yen
As of March 31, 2016: 6,275 million yen

Million yen
6,262
6,279

Shareholders’ equity
ratio%
28.3
29.7

3. Forecast of consolidated business results for the fiscal year ending March 2017
(April 1, 2016 through March 31, 2017)(Before correction)(% change from the previous corresponding period)
Net salesYear ending Mar. 31,2017

Operating income

Ordinary income

Net income
attributable to ownersof parent

Million yen%

Million yen%

Million yen%

Million yen%

22,3408.71,564-14.8

1,651-12.4

1,057-11.9

Net income pershareYen

12.68(After correction)(% change from the previous corresponding period)
Net salesYear ending Mar. 31,
2017

Operating income

Ordinary income

Net income
attributable to ownersof parent

Million yen%

Million yen%

Million yen%

Million yen%

22,3408.7

1,564-9.7

1,651-7.3

1,057-1.3－ 2 －Net income per
share
Yen

12.68

1. Qualitative Information on Quarterly Financial Results(1) Results of Operations(Before correction)
For the above reasons, for the second quarter of the consolidated fiscal year ending March 2017, sales were 10,973
million yen (up 10.4% year on year), operating income was 351 million yen (down 40.3% year on year), ordinary
income was 437 million yen (down 31.4% year on year), and net income attributable to owners of parent was 279
million yen (down 33.3% year on year).

(After correction)
For the above reasons, for the second quarter of the consolidated fiscal year ending March 2017, sales were 10,973
million yen (up 10.4% year on year), operating income was 299 million yen (down 43.5% year on year), ordinary
income was 384 million yen (down 33.4% year on year), and net income attributable to owners of parent was 245
million yen (down 38.3% year on year).

(2) Financial Position(Before correction)
Assets, Liabilities and Net Assets
The total assets as of the end of the second quarter of the consolidated fiscal year ending March 2017 amounted to22,296 million yen, up 777 million yen from the end of the previous fiscal year. Current assets totaled 7,104 million
yen (up 150 million yen from the end of the previous fiscal year), mainly because cash and deposits increased by 525
million yen while accounts receivable - other decreased by 198 million yen, and other accounts such as receivableconsumption tax etc. decreased by 144 million yen.

Fixed assets totaled 15,191 million yen (up 626 million yen from the end of the previous fiscal year), mainly because
buildings and structures increased by 1,333 million yen, tools, furniture and fixtures increased by 57 million yen,
goodwill increased by 303 million yen, other intangible fixed assets increased by 99 million yen, and long-term loans
receivable increased by 174 million yen, while construction in progress decreased by 1,377 million yen.
Total liabilities amounted to 15,709 million yen, up 760 million yen from the end of the previous fiscal year.

Current liabilities totaled 6,255 million yen (up 305 million yen from the end of the previous fiscal year), mainly
because short-term loans payable increased by 500 million yen while accounts payable – other decreased by 228
million yen.

Fixed liabilities totaled 9,453 million yen (up 454 million yen from the end of the previous fiscal year), mainly
because long-term loans payable, net defined benefit liability, asset retirement obligation, and other increased by 275
million yen, 53 million yen, 77 million yen, and 50 million yen, respectively.
Total net assets as of the end of the second quarter of the consolidated fiscal year ending March 2017 totaled 6,587
million yen (up 16 million yen from the end of the previous fiscal year) mainly because treasury stock and retained
earnings decreased by 178 million yen and 159 million yen, respectively.

－ 3 －(After correction)
Assets, Liabilities and Net Assets
The total assets as of the end of the second quarter of the consolidated fiscal year ending March 2017 amounted to22,153 million yen, up 1,026 million yen from the end of the previous fiscal year. Current assets totaled 7,009
million yen (up 393 million yen from the end of the previous fiscal year), mainly because cash and deposits
increased by 525 million yen, and other accounts such as receivable consumption tax etc. increased by 100 million
yen while accounts receivable - other decreased by 198 million yen.

Fixed assets totaled 15,144 million yen (up 633 million yen from the end of the previous fiscal year), mainly because
buildings and structures increased by 1,340 million yen, tools, furniture and fixtures increased by 57 million yen,
goodwill increased by 303 million yen, other intangible fixed assets increased by 99 million yen, and long-term loans
receivable increased by 174 million yen, while construction in progress decreased by 1,377 million yen.
Total liabilities amounted to 15,891 million yen, up 1,044 million yen from the end of the previous fiscal year.

Current liabilities totaled 6,437 million yen (up 589 million yen from the end of the previous fiscal year), mainly
because short-term loans payable increased by 500 million yen while accounts payable – other decreased by 227
million yen.

Fixed liabilities totaled 9,453 million yen (up 454 million yen from the end of the previous fiscal year), mainly
because long-term loans payable, net defined benefit liability, asset retirement obligation, and other increased by 275
million yen, 53 million yen, 77 million yen, and 50 million yen, respectively.
Total net assets as of the end of the second quarter of the consolidated fiscal year ending March 2017 totaled 6,262
million yen (down 17 million yen from the end of the previous fiscal year) mainly because treasury stock andretained earnings decreased by 178 million yen and 193 million yen, respectively.

－ 4 －[Quarterly Consolidated Financial Statements][Quarterly Consolidated Balance Sheet]（Before correction）(Thousand yen)Previous Fiscal Year
(March 31, 2016)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Investment securities
Inventories
Deferred tax assets
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation and impairment loss
Tools, furniture and fixtures, netLand
Construction in progress
Total tangible fixed assets
Intangible fixed assets
Goodwill
Other
Total intangible fixed assets
Investments and other assets
Investment securities
Long-term loans receivable
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets－ 5 －Current Second Quarter(September 30, 2016)

3,777,936
41,83921,02798,453442,078
1,770,729
802,493-549
6,954,010

4,303,931
51,53920,40829,131
470,663
1,571,753
657,902-632
7,104,698

8,404,192-2,448,271
5,955,921
9,148-4,1305,017
484,281-284,812
199,469
980,894
1,759,076
8,900,378

10,077,725-2,788,716
7,289,008
9,148-4,603
4,544
584,964-327,707
257,256
980,894
381,384
8,913,089

12,135
12,135

303,859
111,665
415,525

313,534
2,881,772
1,628,547
164,472
679,407-15,213
5,652,521
14,565,035
21,519,046

315,529
3,056,329
1,631,713
185,493689,963-15,889
5,863,141
15,191,756
22,296,454

(Thousand yen)Previous Fiscal Year
(March 31, 2016)

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Accounts payable – other
Income taxes payable
Accrued consumption taxes
Reserve for bonuses
Asset retirement obligation
Other
Total current liabilities
Fixed liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Long-term accounts payable - other
Asset retirement obligation
Other
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
CapitalCapital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets－ 6 －Current Second Quarter(September 30, 2016)

191,1072,935,368
691,961
364,677
67,491
334,000
23,892
1,341,386
5,949,884

136,157
500,000
2,876,373
463,872
146,969
42,090418,018
4,392
1,667,767
6,255,641

8,457,330
2,240
377,7144,950
156,505
8,998,740
14,948,625

8,732,334
2,547
430,756
3,700
233,823
50,382
9,453,543
15,709,184

1,603,955
1,449,544
4,798,586-1,208,168
6,643,918

1,603,955
1,449,544
4,638,861-1,029,858
6,662,502-52,792-24,742-77,534
4,036
6,570,420
21,519,046-59,274-19,969-79,243
4,010
6,587,269
22,296,454

（After correction）(Thousand yen)Previous Fiscal Year
(March 31, 2016)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Investment securities
Inventories
Deferred tax assets
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation and impairment loss
Tools, furniture and fixtures, net
LandConstruction in progress
Total tangible fixed assets
Intangible fixed assets
Goodwill
Other
Total intangible fixed assets
Investments and other assets
Investment securities
Long-term loans receivable
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets－ 7 －Current Second Quarter(September 30, 2016)

3,777,936
41,83921,02798,453426,1311,770,729
480,184-549
6,615,754

4,303,931
51,53920,40829,131
452,667
1,571,753
580,825-632
7,009,626

8,404,192-2,576,335
5,827,856
9,148-4,1305,017
484,281-285,659
198,621980,894
1,759,076
8,771,467

10,077,725-2,909,467
7,168,258
9,148-4,603
4,544
584,964-328,378
256,585
980,894
381,384
8,791,667

12,135
12,135

303,859
111,665
415,525

313,534
2,881,772
1,628,547
208,818
709,905-15,213
5,727,363
14,510,966
21,126,721

315,529
3,056,329
1,631,713
227,262
721,869-15,889
5,936,816
15,144,008
22,153,634

(Thousand yen)Previous Fiscal Year
(March 31, 2016)

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Accounts payable – other
Income taxes payable
Accrued consumption taxes
Reserve for bonuses
Asset retirement obligation
Other
Total current liabilities
Fixed liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Long-term accounts payable - other
Asset retirement obligation
Other
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
CapitalCapital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets－ 8 －Current Second Quarter(September 30, 2016)

191,1072,935,368
701,478
253,518
67,491
334,000
23,892
1,341,386
5,848,243

136,157
500,000
2,876,373
473,663
116,025
245,320
418,018
4,392
1,667,767
6,437,717

8,457,330
2,240
377,7144,950
156,505
8,998,740
14,846,984

8,732,334
2,547
430,756
3,700
233,823
50,382
9,453,543
15,891,261

1,603,955
1,449,544
4,507,903-1,208,168
6,353,234

1,603,955
1,449,544
4,313,965-1,029,858
6,337,606-52,792-24,742-77,534
4,036
6,279,737
21,126,721-59,274-19,969-79,243
4,010
6,262,373
22,153,634

[Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income][Quarterly Consolidated Statement of Income][Second Quarter of FY3/17]（Before correction）(Thousand yen)Previous Second Quarter(April 1, 2015–September 30, 2015)
9,941,582
8,565,649

Current Second Quarter(April 1, 2016–
September 30, 2016)
10,973,462
9,407,083

Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Subsidy income
Guarantee commission received
Other
Total non-operating revenues
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary loss

1,375,933

1,566,378

787,761
588,171

1,215,154
351,224

25,68933,955
9,934
69,57932,01243,49032,804
6,508
114,816

19,794
485
20,280637,470

23,2805,618
28,898437,142

Loss on retirement of non-current assets

1,596

310

Loss on impairment long-lived asset
Total extraordinary loss
Income before income taxes and others
Corporate, inhabitant and enterprise taxes
Income taxes-deferred
Total income taxes
Net income
Net loss attributable to non-controlling interests
Net income attributable to owners of parent

23,065-

24,662612,808
298,594-104,944
193,650
419,157-50
419,208

310
436,831
180,479-23,134
157,344
279,486-26
279,513

Net sales
Cost of sales－ 9 －（After correction）(Thousand yen)Previous Second Quarter(April 1, 2015–
September 30, 2015)
9,941,582
8,610,953

Current Second Quarter(April 1, 2016–
September 30, 2016)
10,973,025
9,445,589

Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Subsidy income
Guarantee commission received
Other
Total non-operating revenues
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary loss

1,330,629

1,527,435

801,720
528,908

1,228,384
299,051

25,68933,955
9,934
69,57932,01243,49032,804
6,508
114,816

19,794
485
20,280578,20723,2805,618
28,898384,969

Loss on retirement of non-current assets

1,596

310

Loss on impairment long-lived asset
Total extraordinary loss
Income before income taxes and others
Corporate, inhabitant and enterprise taxes
Income taxes-deferred
Total income taxes
Net income
Net loss attributable to non-controlling interests
Net income attributable to owners of parent

20,812-

22,409555,798
276,348-118,038
158,309397,488-50
397,539310
384,658
157,895-18,510
139,384
245,273-26
245,300

Net sales
Cost of sales－ 10 －[Quarterly Consolidated Statement of Comprehensive Income][Second Quarter of FY3/17]（Before correction）(Thousand yen)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholdersof the parent company
Comprehensive income attributable to non-controllinginterests

Previous Second Quarter(April 1, 2015–
September 30, 2015)
419,157

Current Second Quarter(April 1, 2016–September 30, 2016)
279,486-31,422
2,114-29,307389,850-6,481
4,772-1,709
277,777

389,900

277,804-50-26

Previous Second Quarter(April 1, 2015–September 30, 2015)
397,488

Current Second Quarter(April 1, 2016–September 30, 2016)
245,273-31,422
2,114-29,307368,181-6,481
4,772-1,709243,564

368,231

243,591-50-26（After correction）(Thousand yen)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholdersof the parent company
Comprehensive income attributable to non-controllinginterests－ 11 －