Disclaimer: This document is a partial English translation of the Japanese Financial Statements which are filed with Tokyo Stock Exchange
in Japan on November 11, 2019. This document was prepared for reference purposes only without any warranty as to its accuracy. In case ofany discrepancy between the translation and the Japanese original, the latter shall prevail.

Consolidated Financial Results for the Third Quarter of Fiscal 2019
(Nine months ended September 30, 2019) [Japanese GAAP]
November 11, 2019
Listed Company Name:
Stock Exchange Listings:

OYO Corporation
Tokyo Stock Exchange (First Section)

Stock Code Number:
Representative:
Inquiries:

9755
URL: https://www.oyo.co.jp/
Masaru Narita, President & Chief Executive Officer
Yuichi Hirashima, Director & Senior Executive Officer, Head of Administration
Headquarters
TEL:+81-3-5577-4501
Scheduled date for submission of quarterly report:
November 13, 2019
Scheduled date for dividend payment:―
Supplementary materials on quarterly results:
No
Holding of quarterly financial results briefing:No(Amounts less than one million yen are rounded down)

1. Consolidated Financial Highlights(1) Consolidated Results of Operation(% indicates changes from the previous corresponding period)

Net Sales

Operating income

Net income attributableto owners of parent

Ordinary income

million yen%million yen%million yen%million yen%

Q3 FY2019
Q3 FY2018

36,99832,813

12.8
(0.6)

1,739
813

113.9
456.9

2,134
1,119

90.7
109.7

1,374
725

89.6
77.3(NOTE) Comprehensive Income:

Q3 FY2019

1,193 million yen [128.9%]

Net income per share
Q3 FY2019
Q3 FY2018

Q3 FY2018

521 million yen [ 44.4 %]Diluted net income
per shareyenyen

52.64
27.67－－(2) Consolidated Financial Position
Total assets

Net assets

million yen

Equity ratio

million yen%

82,581
66,712As of September 30, 201980,41866,013As of December 31, 2018
(Reference) Shareholders’ equity: As of September 30, 2019 66,364 million yen

80.4
81.9
As of December 31, 2018 65,881 million yen

2. Dividends
Dividends per share
End of Q1

End of Q2
yen

End of Q3
yen

FY2018－14.00FY2019－14.00
FY2019 (forecast)(NOTE) Revision to cash dividends forecast most recently announced: None

Year-end

Totalyenyenyen－－

14.00

28.00

14.00

28.00

3. Consolidated financial results forecasts for the fiscal year ending December 31, 2019 (FY2019)

Net Sales

Operating income

million yen%million yen%

yen

53,000
17.2
2,200
48.5
2,700
(NOTE) Revisions to the financial results forecast announced most recently: Yes

41.1

1,600

98.9

61.27

Full fiscal year

million yen(% indicates changes from the previous corresponding period)
Net income
Net income attributable
Ordinary income
to owners of parent
per share%

million yen%

※ Notes(1) Changes in important subsidiaries during the period(Changes in specified subsidiaries accompanying changes in scope of consolidation):

None(2) Adoption of specific accounting methods for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and restatements① Changes in accounting policies due to revisions of accounting standards, etc.:

None② Changes due to accounting policies other than ①:None③ Change in accounting estimates:

None④ Restatements:

None(4) Number of shares outstanding (common stock)① Number of shares outstanding at the end of the period (including treasury stock)
As of September 30, 201927,582,573 shares

As of December 31, 201827,582,573 shares② Number of treasury stock at the end of the period
As of September 30, 2019

1,468,665 shares

As of December 31, 2018

1,469,573 shares③ Average number of shares during the period (quarterly cumulative total)
Q3 FY201926,113,038 shares

Q3 FY2018

26,206,199 shares※This quarterly financial results report is exempt from quarterly review by certified public accountant or auditing firm.
※Explanations regarding the appropriate use of forecast of operating results and other special items
Forward-looking statements such as earnings forecasts and other projections contained in this document are based on information
available at the time of disclosure and assumptions that management believes to be reasonable, and do not constitute guarantees
of future performance. Actual results may differ materially from expectations due to various factors.

Consolidated Financial Statements(1) Consolidated Balance Sheets(Unit: million yen)
As of December 31, 2018

As of September 30, 201925,536

29,846
1,99016,479

AssetsCurrent asset
Cash and deposit
Notes and accounts receivable - trade
Accounts receivable from completed businesses

1,791
19,518

Lease receivables and lease investments assets
Marketable securities

2,440

Payments for uncompleted businesses
Merchandise and finished goods

899
2,395
755

2,978
1,199
2,399
763
878

Work in progress
Raw materials and supplies

651
1,859

Other
Allowance for doubtful accounts

1,757

1,821
971

(19)

(16)

Total current assets

57,58559,311

4,838

4,726

6,251

6,247

Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net

1,478

1,791

Total property, plant and equipment

12,56812,766

Intangible assets
Goodwill
Other142

222

1,222

1,225

Total intangible assets

1,364

1,447

6,017

6,165

1,306
2,098

1,279
2,080

(523)

(469)

Investments and other assets
Investment securities
Net defined benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

8,898

9,056

22,832

23,27080,41882,581

(Unit: million yen)
As of December 31, 2018As of September 30, 2019

720
1,433

748
1,844

421

692

136

121

Provision for loss on order received
Other137
161

898
168

6,739

6,464

Total current liabilities

9,750

10,937

1,940
57

1,879
53

2,656

2,997

Liabilities
Current liabilities
Notes and accounts payable - trade
Accounts payable for businesses
Income taxes payable
Warranty reserve
Provision for bonuses

Non-current liabilities
Provision for retirement benefits
Reserve for stock benefits
Other
Total non-current liabilities
Total liabilities

4,654

4,931

14,404

15,86916,17415,077

16,174
15,07737,45838,229Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock(1,828)(1,826)

Total shareholders' equity

66,881

67,654

Accumulated other comprehensive income
Unrealized gain on available-for-sale securities

1,248

1,528

(2,594)(2,732)Foreign currency translation adjustments

305

(134)

Defined retirement benefit plans

4149(1,000)(1,289)131347

66,01366,71280,41882,581

Revaluation surplus of land

Total accumulated other comprehensive income
Non-controlling interestsTotal net assets
Total liabilities and net assets

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statement of Income(Unit: million yen)
Q3 FY2018(From January 1, 2018
to September 30, 2018)
Net Sales

Q3 FY2019(From January 1, 2019
to September 30, 2019)

Cost of sales

32,81322,55936,99825,601Gross profit

10,254

11,396

Selling and general administrative expenses

9,440

9,656

813

1,739

118
56

143
65

3140

64059
1015982

Operating income
Non-operating income
Interest income
Dividend income
Equity in earnings of affiliates
Rent on real estate
Reversal of allowance for doubtful accounts
Insurance income and insurance dividend
Gain on sales of non-current assets

97

Other

2548

Total non-operating income

442

453

Non-operating expenses
Interest expenses

2419

Property rental costs－12

Loss on retirement of non-current assets
Other

120
1

123

Foreign exchanges loss

Total non-operating expenses

10136

59

1,119

2,134

Gain on sales of investment securities

914

Total extraordinary income

914－53

Ordinary income
Extraordinary incomeExtraordinary losses
Impairment loss
Total extraordinary losses－53

Income before income taxes

1,128

2,095

Income taxes

415744

Net income

712

1,350

Net income (loss) attributable to non-controlling interests

(12)

(24)

Net income (loss) attributable to owners of parent

725

1,374

Consolidated Statement of Comprehensive Income(Unit: million yen)
Q3 FY2018(From January 1, 2018
to September 30, 2018)
Net income

Q3 FY2019(From January 1, 2019
to September 30, 2019)

712

1,350

Foreign currency translation adjustments

(162)
62280
(445)

Remeasurements of defined benefit plans

(92)

7

Total other comprehensive income (loss)

(191)

(157)

521

1,193

Owners of parent

533

1,222

Non-controlling interests

(12)

(29)

Other comprehensive income
Unrealized gain (loss) on available-for-sale securities

Comprehensive income
Comprehensive income (loss) attributable to:Segmented information
Information on net sales and income or loss by segment
1. Q3 FY2018 (From January 1, 2018 to September 30, 2018)(Unit: million yen)Segment
Infrastructure
Maintenance,Management,andRenovation

NaturalDisasterPrevention
andMitigation

Environment

NaturalResourcesandEnergy14,396

6,098

6,094

6,224

44

25

3

14,441

6,124

715

216

Adjustment
amountConsolidated

32,813－32,813－73(73)

－

6,097

6,224

32,886(73)

32,813320(439)

812

0

813

Total

Sales
Sales to externalcustomers
Intersegment sales ortransfers
Total
Segment income (loss)

2. Q3 FY2019 (From January 1, 2019 to September 30, 2019)(Unit: million yen)Segment
Infrastructure
Maintenance,Management,andRenovation

NaturalDisasterPrevention
andMitigation

Environment

NaturalResourcesandEnergy

14,816

7,933

6,710

7,538

396

70

26

15,2128,003

944402Adjustment
amountConsolidated

36,998－36,99816508(508)

－

6,736

7,554

37,507(508)

36,998614(240)

1,721

18

1,739

Total

Sales
Sales to externalcustomers
Inter segment sales ortransfer
Total
Segment income (loss)