FY2016 (6/15-5/16) Interim Results
Explanatory Meeting
FY2017 (6/16-5/17) Interim Results Explanatory Meeting
January 13, 2017
January 15, 2016
The earnings forecasts appearing in this material are based on the business environment at the present time, andthere is the possibility that actual earnings may differ from forecasts for various reasons.
Furthermore, only inquiries in Japanese are handled.
Inquiries should be direct to Mr. Kasai or Mr. Tamura.
(045-914-8241) in the Corporate Planning Office.

1

FY2017 (6/16-5/17) Interim Results
Explanatory Meeting■1H FY2017 Consolidated Results
1. Profit and Loss Statement 2. Balance Sheet
3. Statement of Cash Flows■The Results of The Business Company
1. Profit and Loss Statement (Create SD)
2. New Store Openings
3. Assortment Tailored to Customer Needs 4. Sales
5. Sales by Segment 6. Pharmacy Department
7. Gross Profit Margin 8. Expense Rate
9. Efforts to Improve Productivity 10. Care Business■FY2017 Consolidated The Second Half of the Efforts
1. New Store Openings
2. Assortment Tailored to Customer Needs
3. Efforts to Improve Productivity
4. Pharmacy Efforts
5. FY2017 Forecasts (Consolidated)

2

1H FY2017
Consolidated Results(06/2016 – 11/2016)3

1. 1H FY2017 Consolidated Profit and Loss Statement
1H FY2016(consolidated)

1H FY2017(consolidated)
Share
(%)

YoY
change(%)% ofprojection(%)(million yen)

Share
(%)

Net sales

113,721100.0

121,549

100.0

106.9

100.1

Gross profit

30,88527.2

33,421

27.5

108.2

101.4

SG&A expenses

24,15421.2

26,327

21.7

109.0

101.1

Operating profit

6,731

5.9

7,093

5.8

105.4

102.5

Recurring profit

6,933

6.1

7,249

6.0

104.6

102.5

Net profit

4,502

4.0

4,923

4.1

109.4

104.8

(million yen)4

2. 1H FY2017 Consolidated Balance Sheet(million yen)
May 31, 2016(consolidated)

November 30, 2016(consolidated)

Main
Maincauses
causesof
ofchanges
changes

ChangeTotal
assetsassets・ TotalCash andcash equivalents

Total assets

99,334

103,356+4,021

Current assets

60,87963,377+2,497

Fixed assets

38,45539,979+1,523・ Cash and cash equivalents+1,613 million yen+1,613
millionyenyen
・ Merchandise+
781 million
Merchandise
781Fixed
millionyen
・ ・Opening
new stores, +etc.
assets・ Opening new stores,
etc.million
Fixed yenassets+1,523+1,523 million yen

Total
Totalliabilities
liabilities

Total liabilities

45,74945,758+8

Current
liabilities

41,76041,625-135

Fixed liabilities

3,989

4,133

+144

Total net assets

53,58557,598+4,013

Total liabilities
and net assets

99,334

103,356+4,021・ Income taxes payable
・ Income taxes payable-315 million yen-315 million yen
・ Point reserve fund +110 million yen
・ Point reserve fund +110 million yen
・ Asset retirement obligation etc.
・ Asset retirement obligation etc.
+202 million yen+202 million yen

Total
Totalnet
netasset
asset

・ Decline due to 948 million yen
・ Decline due to 948 million yen
in dividends
in dividends
・ Net profit +4,923 million yen
・ Net profit +4,923 million yen

53. 1H FY2017 Consolidated Statement of Cash Flows(million yen)
November30, 2015

November30, 2016(consolidated)(consolidated)

ChangeCash flow fromoperating activities

5,122

5,216

+94

Cash flow frominvesting activities-1,874-2,654-780

Cash flow fromfinancing activities

-737

-948

-210

Change in cash andcash equivalents

2,509

1,613

-896

Major
Majorbreakdown
breakdown

・ Net profit before taxes 7,246 million yen
・ Net profit before taxes 7,246 million yen
・ Depreciation
1,374 million yen
・ Depreciation
1,374 million yen
・ Corporate taxes paid -3,642 million yen
・ Corporate taxes paid -3,642 million yen

・ Acquisition of fixed tangible assets
・due
Acquisitionof fixed tangible
assetsto store openings
and renovation
due to store openings
and renovation-1,813
million yen-1,813 million yen
・ Joint loans for constraction
・ Joint loans for constraction-218 million yen
・Construction in progress-218 million yen
・Construction in progress-1,007 million yen-1,007 million yen

・ Dividend payment
・ Dividend payment

Opening balance of
cash and cash
equipments

20,26826,354+6,085

Closing balance of
cash and cash
equipments

22,77827,967+5,189-948 million yen-948 million yen

6The Results ofBusiness Company

7

1.1H FY2017 Profit and Loss Statement(Create SD)
1H FY2016(million yen)

1H FY2017

Share
(%)

(million yen)

Share
(%)

YoY
change(%)% ofprojection(%)

Net sales

112,860

100.0

120,616

100.0

106.9

100.1

Gross profit

30,90427.4

33,399

27.7

108.1

101.3

SG&A expenses

24,453

21.7

26,662

22.1

109.0

101.0

Operating profit

6,450

5.7

6,736

5.6

104.4

102.5

Recurring profit

6,647

5.9

6,886

5.7

103.6

102.6

Net profit

4,313

3.8

4,678

3.9

108.5

104.5
8

2. New Store Openings
14
14new
newOTCOTCstores
storesandand66ethicalethicalpharmacies
pharmacieswere
wereopened
opened(of(ofwhichwhich11waswasdedicateddedicatedprescription
prescriptionpharmacies)
pharmacies)

New store openings by area

OTC
New stores
opened in
1H FY2017

in-store
pharmacies
dedicatedprescription drug
storesKanagawa

Tokyo

Shizuoka

Chiba

Other

Total

12
4
1

1
0
0

1
1
0

0
0
0

0
0
0

14
5
1

・Drug Stores closing : 1 was S&B
・In-store pharmacies closing : 1 was relocations

OTC
Total numberof stores as ofthe end of
1H FY2017

in-store
pharmacies
Rate ofpharmacy
establishment
in OTC storesdedicatedprescription
drug stores

Kanagawa

Tokyo

Shizuoka

Chiba

Other

Total

274
70

81
19

67
13

25
3

37
10

484
115

25.5%

23.5%

19.4%

12.0%

27.0%

23.8%

20

7

0

3

2

32
9

3. Assortment Tailored to Customer Needs
Enhance convenience and add dispensing function to raise
the profitability of individual stores even in small commercial
areas and competitors
Renovation of existing stores : 12 stores

Cumulatively 18 storesfrom the previous term・・Expansion
Expansionof
ofassortments
assortmentsof
offoodfoodthatthatisisfrequently
frequentlyboughtbought・・Strengthening
Strengtheningcosmetics
cosmeticssales
salesfloor
floor
・・The
Theintroduction
introductionof
ofmiscellaneous
miscellaneousproducts
products
・・Addition
Additionof
ofdispensing
dispensingpharmacy
pharmacyfunction
function
Increase visit frequency, increase sales, number of guests
and prescription number

10

4. SalesYear
Yearononyearyear106.9%
106.9%(100.1%(100.1%compared
comparedto
toplan)plan)
Existing
store
performanceat
101.5%
compared
Existing store performance at 101.5% comparedwith
withthetheprevious
previousterm
term
OTC
OTCyearyearononyearyear106.6%
106.6%(100.4%(100.4%compared
comparedto
toplan)plan)

Existing
Existingstore
store101.1%
101.1%

NumberNumberof
ofcustomers
customersin
inexisting
existingstoresstores 100.0%
100.0%
The
Thenumbernumberof
ofcustomers
customerswas
wasmaintained
maintainedamidamidcompetitioncompetitionwith
withownownstores,
stores,which
whichwaswas caused
causedbybythe
theestablishment
establishmentof
ofdominance.
dominance.This
Thisisisbecause
becausethe
thefrequency
frequencyof
ofcustomers’
customers’visits
visitswas
wasraised
raisedbybythetheexpansion
expansionof
ofmerchandise
merchandisethat
thatmeetmeetcustomers’
customers’needs
needsandand throughthroughEDLP
EDLPmeasures.
measures.

Average
Averagesales
salesperpercustomer
customerin
inexisting
existingstore
store 101.1%
101.1%
AAriseriseininaverage
averageprices
pricesby
bypricepricerevisions
revisionsand
andhigh-value
high-valueadded
addedproducts
productsran
ranitsitscourse
courseininAugust.
August.
DrivenDrivenbybythethegood
goodperformance
performanceof
ofseasonalseasonalgoods
goodsincluding
includingcough,cough,cold
coldmedicines
medicinesand
andrelated
relatedgoods,
goods,and
andheating
heatingpacks
packsininOctober
OctoberandandNovember.
November.

Pharmacies
Pharmaciesyear
yearononyearyear109.8%
109.8%(96.0%(96.0%compared
comparedto
toplan)plan)

Existing
Existingstore
store106.7%
106.7%The
Theunit
unitprice
priceofofprescriptionsprescriptionsdeclined
declinedmore
morethanthanplannedplanneddue
dueto
tothe
thebigbigimpact
impactof
ofthe
therevision
revisionof
ofthethemedical
medicalpayment
paymentsystem.
system.With
With109.8%
109.8%of
ofthe
theprevious
previousterm,
term,thetheoverall
overallsales
saleswere
wereshoredshoredup.
up.
However,
However,thetheplanplanfailed
failedto
tobe
beachieved.
achieved.
11

5. Sales by Segment
Traction
Tractionexpertise
expertiseof
ofthethepharmacy
pharmacybusinessbusinessand
andthetheconvenience
convenienceof
ofgrocerygrocery

1H FY2016

1H FY2017

Sales(million yen)

Share
(%)

YoY
change(%)

Sales(million yen)

Medical and healthproducts

25,992

23.0

111.8

27,747

23.0

106.7

(O T C)

18,104

16.0

106.3

19,082

15.8

105.4

(Prescription)

7,888

7.0

127.0

8,664

7.2

109.8

Cosmetics

16,813

14.9

106.1

17,852

14.8

106.2

Food products

43,392

38.4

109.3

46,739

38.8

107.7

Daily products

19,926

17.7

106.0

21,196

17.6

106.4

Other

6,735

6.0

108.7

7,080

5.8

105.1

Total

112,860

100.0

108.7

120,616

100.0

106.9

Share
(%)

YoY
change(%)“Other” includes items such as stationery, baby products, clothing, pet products, gardening
products, and film development services.
126. Pharmacy Department
Sales
SalesYear
Yearononyearyear109.8%
109.8%

NumberNumberof
ofprescription
prescriptionsheets
sheets112.3%
112.3%

1H FY2017(million yen)

Share
(%)

YoY
change(%)

Net sales

8,664

100.0

109.8

Gross profit

3,481

40.2

110.0

ImpactImpactof
ofthe
therevision
revisionof
ofthe
themedical
medicalpayment
payment
systemsystemononnet
netsalessales-7pt-7pt
・Reduction
・Reductionof
ofmedicine
medicineprices
prices・Decrease・Decreaseininextra
extrafees
feesofofgenericgenericproducts
products
・Decrease・Decreaseininextra
extrabasic
basicdispensing
dispensingfees
fees・・Promotion
Promotionof
ofgenericgenericproductproductusage
usagerate
rate(quantity(quantitybasis)
basis)

As
Asof
ofthe
theendendof
ofthe
theprevious
previousfiscal
fiscalyear
year65.4%
65.4% ⇒⇒ At
Atthetheendendof
ofthe
thefirst
firsthalf
half68.5%
68.5%

・・Efforts
Effortsto
toacquireacquireextra
extrabasic
basicdispensing
dispensingfees
fees

The
Thenumbernumberof
ofsuchsuchstoresstoresdecreased
decreasedfrom
from5656toto22duedueto
tothe
themedicine
medicinepricepricerevision
revision⇒⇒19
19storesstoresacquired
acquiredfees
feesduring
duringthe
thefirst
firsthalf.
half.
Expansion
Expansionof
ofthe
thenumbernumberof
ofindividual
individualhome
homesupport
supportpharmacies
pharmacies
25⇒34
34storesstoresbecame
becameinvolved.
involved.
25storesstoresat
atthe
theendendof
ofthe
theprevious
previousterm
term⇒
Implementationofhealthconsultationsatpharmacies
Implementation of health consultations at pharmacies
26
26storesstoresat
atthe
theendendof
ofthe
theprevious
previousterm
term⇒
⇒46
46storesstoresheld
heldthem.
them.
137. Gross Profit Margin
Gross
Grossprofit
profitmargin
margin27.7％
27.7％

Previous
Previousyear
yeardifference
difference++0.3pt
0.3pt

Improvement of OTC gross profit margin +0.1 pt
・・Increase
Increasein
inthe
thenumbernumberof
ofseasonalseasonalgoods
goodssold,
sold,such
suchasasinsect
insectrepellants,
repellants,
cough,
cold
medicines
andrelatedgoods,
andheating
packs.
cough, cold medicines and related goods, and heating packs.
・・Gross
Grossprofit
profitmix
mixduedueto
tothe
thedeployment
deploymentof
ofhigh-value-added
high-value-addedproducts.
products.
・・Control
over
gross
profitsbyreducingthenumberofflyersandControl over gross profits by reducing the number of flyers andtaking
takingthe
EDLP
measurestoeachproduct
the EDLP measures to each productIncrease by improvement in delivery prices +0.1 pt
Review
Reviewof
ofplanogram
planogramby
bycategory
categoryand
andnegotiations
negotiationson
onthe
thedelivery
deliverypricepriceofofeacheachproductproduct
Improvement by growth of dispensing division +0.1 pt
Improvement
Improvementon
ongross
grossprofit
profitmargin
margindue
dueto
toaalarger
largerpercentage
percentageof
oftheexpertise-based
pharmacybusiness
in
total
sales
the expertise-based pharmacy business in total sales
147. Gross Profit Margin
Gross profit margin quarterly year-on-year comparisonFirst half cumulative 27.7％(previous term 27.4%)
29.0%
28.5%
28.0%

1Q
6/16 - 8/16

2Q
9/16 - 11/16

This term

28.2

Previous year difference + 0.3pt
29.0%
28.5%
28.0%

27.4

27.4

27.5%

First half
cumulative
6/16-11/16

27.7

27.5%
27.0%

27.0%

+0.3pt27.4

27.1
Previous term

26.5%

26.0%

26.0%

OTC 26.4%（ previous term 26.2%）
Previous year difference + 0.2pt
28.0%

1Q
6/16 - 8/16

27.5%
27.0%
26.5%

Poor performance of
seasonal goods because of
the low average temperaturein the summer

26.0
26.0%
25.5%
25.0%

25.8

26.5%

2Q
9/16 - 11/16

27.1

Pharmacy 40.2%（ previous term 40.1%）
Previous year difference + 0.1pt
42.0%

2Q
9/16 - 11/16

40.9

Drastic reduction of dispensing
fees for therapeutic agentsfor hepatitis C due tothe medicine price revision

41.5%
41.0%
40.5%

26.3
Strong sales of seasonal products
Thanks to the lingering heatin September, the lower
temperatures in October andNovember and other factors

1Q
6/16 - 8/16

40.6
39.8

40.0%
39.5%
39.0%

An epidemic of an acute diseasebroke out in the previous term
but did not in the current term.

39.4

15

8. Expense Rate
ExpenseExpenserate
rate22.1％
22.1％ Previous
Previousyear
yeardifference
difference++0.4pt
0.4pt
Personnel expenses +0.5pt
・Increase by a pay raise for existing employees and a revision of various allowances
・A rise in average costs related to changing employment conditions, and recruitment

Utilities expenses - 0.1pt
・Curbing electricity consumption by shifting store lighting to LED
and taking power-saving measures in stores・ A reduction in fuel adjustment cost unit price due to falling oil prices

Advertising expense - 0.1pt
Promotion of EDLP measures to each product and a revision of the number ofstores that implement flyer campaigns

16

9. Efforts to Improve Productivity
Raise
Raiseefficiency
efficiencyby
byexpanding
expandingaacomputer-assistedcomputer-assistedorderingorderingsystemsystemExpansion
Expansionof
ofintroduction
introductionstoresstores(The(Theintroduction
introductionrate
ratestands
standsat
at98%.)
98%.)
Introduction
Introductionwas
wascompletedcompletedto
toall
allstores
storesexcept
exceptsome
somenew
newones
ones
Expansion
Expansionof
ofintroduction
introductiondivision
division
Food
Department
192
storesFood Department 192 storesat
atthe
theendendof
ofthe
theprevious
previousterm
term
⇒
⇒399
399stores
storesas
asof
ofthe
theendendof
ofNovember
November
Other
Otherdepartments
departments 380
380stores
storesat
atthe
theendendof
ofthe
theprevious
previousterm
term⇒⇒Introduced
Introducedto
toall
allstores
storesas
asof
ofthe
theendendof
ofNovember
November

Improvement
Improvementof
oflogistics
logisticssystemsystem・Efficiency
・Efficiencyenhanced
enhancedby
byaarevision
revisionof
ofdistribution
distributionmethods
methodsthat
thatsuit
suitnewassortmentsofgoods
new assortments of goods
・Strengthened・Strengthenedchilledchilledlogistics
logisticssystemsystem17

10. Care BusinessFee-charging
Fee-chargingnursing
nursinghome
homebusinessbusiness
・Improvement
・Improvementof
ofoccupancy
occupancyrate
ratebybystrengthening
strengtheningsales
salesforce
force
Occupancy
Occupancyrates
ratesbybyfacilities
facilities

Tokyo:
Tokyo:AsAsof
ofthetheendendof
ofthe
theprevious
previousfiscal
fiscalyear
year71.4%
71.4%
⇒
At
the
end
⇒ At the endof
ofthe
thefirst
firsthalf
half78.6%
78.6%
Hachioji:
As
of
the
end
of
the
previous
fiscalyear
70.0%
Hachioji: As of the end of the previous fiscal year 70.0%
⇒
⇒ At
Atthe
theendendof
ofthe
thefirst
firsthalf
half71.7%
71.7%

Preventive
Preventivenursing
nursingbusinessbusiness
Focus
Focusononimproving
improvingthe
theprofitability
profitabilityof
ofexisting
existingfacilities
facilities

・Switch・Switchto
toaa16-person
16-personsystemsystem: :As
Asof
ofthe
theendendof
ofthe
theprevious
previousfiscal
fiscalyear
year1313facilities
facilities
⇒
At
the
end
of
the
first
half
16
facilities⇒ At the end of the first half 16 facilities
・Improved
・Improvedoccupancy
occupancyrate
rate: :As
Asof
ofthe
theendendof
ofthe
theprevious
previousfiscal
fiscalyear
year73%
73%
⇒
⇒At
Atthe
theendendof
ofthe
thefirst
firsthalf
half75%75%
・Promote・Promotethetheintroduction
introductionof
ofaahybrid
hybridsystemsystemof
ofmachinemachinetraining
trainingand
andmassage
massage・Introduce
training
programsforpreventing
dementia
・Introduce training programs for preventing dementia

18

FY 2017 Consolidated
The Second Half of the Efforts

191. New Store Openings
OTC
OTCNew
NewStore
StoreOpenings
Openings
14
14storesstoresininthe
thefirst
firsthalf
half26
26storesstoresin
inthe
thesecondsecondhalf
half
Forecastof
40
storesfor
Forecast of 40 stores forthe
thefullfullterm
term・Opening
・Openingnew
newstores
storesis
isplanned
plannedin
inTokyo,Tokyo,Chiba
Chibaand
andShizuoka
Shizuoka
withwithaafocus
focusplaced
placedin
inKanagawa
Kanagawa
・Promotion
・Promotionof
ofproduct
productselection
selectiontailoredtailoredto
tocustomer
customerneeds
needs
Pharmacies
PharmaciesNew
NewStore
StoreOpenings
Openings
66storesstoresininthe
thefirst
firsthalf
half12
12storesstoresin
inthe
thesecondsecondhalf
half
18
18storesstoresprospects
prospectsfor
forthethefullfullterm
term(of(ofwhichwhich22were
werededicateddedicatedprescription
prescriptionpharmacies)
pharmacies)

・Profitable
・Profitablepharmacies
pharmacieshave
havebeen
beenopened
openedinincoordination
coordinationwith
withmedical
medicalinstitutions
institutionsso
soas
asto
tomeetmeetthetheallocation
allocationof
ofmedical
medicalinstitutions
institutionsin
inthe
thevicinity
vicinity
andandcopecopewith
withthetheexitexitofofin-hospital
in-hospitalpharmacies
pharmaciesfrom
fromhospitals
hospitals
・To・Tobe
beaddedaddedtotoaastore
storetotowhichwhichaaselection
selectionof
ofitems
itemswaswasaddedadded20

2. Assortment Tailored to Customer Needs
Continued
Continuedefforts
effortswill
willbebemademadetotopromotepromotecoordination
coordinationbetween
betweenconvenience,
convenience,generated
generatedby
byadding
addingmerchandise
merchandisethat
thatmeetmeetcustomers’
customers’needs,
needs,and
andthetheexpertise
expertiseof
ofthethepharmacy
pharmacybusiness.
business.
Renovation
Renovationof
ofexisting
existingstoresstores 12
12storesstoresininthe
thefirst
firsthalf
half
11
11storesstoresin
inthe
thesecondsecondhalf
half
Original
plan
30
stores⇒
Forecastof
23
storesforthe
Original plan 30 stores ⇒ Forecast of 23 stores for thefull
fullterm
term
・Expansion
・Expansionof
offoodfoodthatthatisisboughtboughtfrequently
frequently
・Strengthening
・Strengtheningof
ofcosmetics
cosmeticswithin
withinshopping
shoppingcenter
center・The・Theintroduction
introductionof
ofmiscellaneous
miscellaneousproducts
products
・Expansion
・Expansionof
ofassortment
assortmentof
ofarbitrary
arbitraryproducts
productssuch
suchasasalcoholic
alcoholicbeverages
beveragesandandcigarettecigarette・New・Newintroduction
introductionof
ofPOSA
POSAcardcard

21

3. Efforts to Improve Productivity
EffortEfforttailoredtailoredto
tonew
newassortments
assortmentsof
ofgoods
goods

・Improvement
・Improvementof
oflogistics
logisticssystemsystemReview
Reviewof
ofshipping
shippingmethods
methodsfor
forshops
shopsdirectly
directly
Improve
Improveefficiency
efficiencyby
byrecombination
recombinationof
ofdelivery
deliverystoresstoresat
ateacheachcenter
center・Improvement
・Improvementin
instorestoreoperation
operation
Reduction
Reductionof
oflosslossratios
ratiosby
byreviewing
reviewingsales
salesfloor
floorefficiency
efficiency
Enhancement
Enhancementof
ofefficiency
efficiencyin
instocking
stockingshelves
shelvesby
bymeansmeansofofchanges
changesinindelivery
deliverymethods
methods
Establishment
Establishmentof
ofaasystemsystemcorresponding
correspondingto
toperishables
perishables

EffortEffortatatdispensing
dispensingpharmacy
pharmacy・Control・Controlof
ofstockstock
Utilize
Utilizethe
thelogistics
logisticscenter
centerto
tooptimize
optimizeinventories
inventoriesin
ineacheachstore
store
・Improvements
・Improvementsin
ininventory
inventoryefficiency
efficiencyand
andgrossgrossprofit
profitthroughthrough
integration
integrationof
ofgenericgenericmedications
medications22

4. Pharmacy Efforts
Corresponding
Correspondingto
tothe
themedical
medicalfee
feerevision
revision
Raise
Raisethetheraterateofofgenericgenericproductproductusage
usage
Improvements
Improvementsthroughthroughproposals
proposalsto
tomedical
medicalinstitutions
institutionsand
andrequests
requestsfrom
frompatientspatients⇒⇒TargetTargetusage
usagerate
raterevised
revisedupward
upwardto
to75%
75%(original(originalplan
plan70%70%) )

Corresponding
Correspondingto
tothe
themedical
medicalfee
feerevision
revision
Expansion
Expansionof
ofindividual
individualhome
homesupport
supportpharmacy
pharmacy
Increase
Increaseof
ofthe
thenumbernumberof
ofpharmacies
pharmaciesthat
thatimplement
implementhealthhealthconsultations.
consultations.
⇒13⇒13stores
storesacquired
acquiredin
inthe
thesecondsecondhalf.
half.
32
32storesstoresareareexpected
expectedto
toacquireacquireon
onaafullfullyear
yearbasis.
basis.(original(originalplan
plan2020stores)stores)23

5. FY2017 Forecasts (Consolidated)
FY2016(consolidated results)

FY2017(consolidated projection)(million yen)

Share
(%)

Net sales

231,892

100.0

Gross profit

63,423

27.4

67,730

27.3

106.8

SG&A
expenses

49,46921.3

53,030

21.4

107.2

Operatingprofit13,9546.0

14,7005.9

105.3

Recurringprofit14,3146.2

15,0006.1

104.8

Net profit

9,274

4.0

9,700

3.9

104.6

(million yen)

Share
(%)

YoY Change(%)

247,700 100.0 106.8

24