Notice: This document is an excerpt translation of the original Japanese document and is only forreference purposes. In the event of any discrepancy between this translated document andthe original Japanese document, the latter shall prevail.

Consolidated Financial Results for the Second Quarter of the Fiscal Year EndedMarch 31,2018[Based on Japanese GAAP]
November 7, 2017
(Listed on Tokyo Stock Exchange)
4246
URL http://www.daikyonishikawa.co.jp/en/
Nariaki Uchida, Representative Director and President
Motoharu Nishikimura, Director and Senior Managing Executive Officer andCorporate Planning and Management Division Manager
Tel. 082-885-9979
Scheduled date to file quarterly securities report: November 8, 2017
Scheduled date to commence dividend payments: December 4, 2017
Preparation of supplementary materials on quarterly financial results: NoneHolding of quarterly results meeting: Yes

DaikyoNishikawa Corporation

Company NameSecurities Code
RepresentativeInquiries(Amounts less than one million yen are rounded off)
1. Consolidated results for the 2nd quarter ended Sep. 30, 2017(from Apr 1, 2017 to Sep 30, 2017)(1) Consolidated operating results(Percentages indicate year-on-year changes)
millions of yen

Profit attributable toowners of the parent% millions of yen%

81,367
9.3
8,408
13.3
8,893
74,474
-5.6
7,422
-11.0
6,943
For six-month period ended September 30, 2017
For six-month period ended September 30, 2016

28.1
6,083
20.7
-14.8
5,039
-11.9
7,958 million yen ( 170.8%)
2,939 million yen ( -42.6%)

Net sales
Six-month period ended

Sep. 30, 2017
Sep. 30, 2016
Note:Comprehensive income

Operating income%millions of yen

Net income
per shareSix-month period endedSep. 30, 2017
Sep. 30, 2016

Ordinary income%millions of yen

Diluted net income
per shareyenyen

85.87
68.19

85.85
68.19

(2) Consolidated financial position
Total assets

Shareholders'equity ratio

Net assets

millions of yen%millions of yen

As of Sep. 30, 2017
125,522
63,52849.1
As of Mar. 31, 2017
120,40956,53045.7
Reference: Shareholders' equity(Net assets excluding share subscription rights and non-controlling interests)
As of September 30, 2017 61,676 million yen
As of March 31, 2017 55,085 million yen
2. Dividends
Annual dividends per share
SecondThird
Fiscalquarter-end quarter-end
year-end

Firstquarter-end

Total

Fiscal year ended

yenyenyenyenyen

Mar. 31, 2017
Mar. 31, 2018

－－

12.00
16.00

－

16.00

28.00

－
16.00
Note: Revision of the dividend forecast most recently announced: Yes

32.00

Fiscal year ending
Mar. 31, 2018 (Forecasts)

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2018
(Percentages indicate year-on-year changes)
Profit attributable to Net income
Net sales
Operating income Ordinary income owners of the parent
per share
Fiscal year ending
Mar. 31, 2018

millions of yen%millions of yen%millions of yen%millions of yen%yen

167,000

7.3

16,70016.2

17,30024.8

11,80016.9

166.56

Note: Revision of the earnings forecasts most recently announced: Yes
The Company has revised its consolidated earnings forecasts for the fiscal year ending March 31, 2018,
which were most recently announced on August 10, 2017.

* Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2017

: None(changes in specified subsidiaries resulting in the change in scope of consolidation)(2) Application of specific accounting methods for preparing quarterly consolidated financialstatements: Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period
financial statements
1) Changes in accounting policies due to revisions to accounting standards and otherregulations: None2) Changes in accounting policies due to other reasons: None3) Changes in accounting estimates: None4) Restatement of prior period financial statements: None(4) Number of shares outstanding (Common shares)
1) Total number of shares outstanding including treasury stocks As of Sep. 30, 2017

73,896,400shares

As of Mar. 31, 2017

73,896,400shares

As of Sep. 30, 2017

3,048,638shares

As of Mar. 31, 2017

3,050,421shares

Six-month period ended Sep. 30, 201770,847,155shares

Six-month period ended Sep. 30, 2016

73,895,935shares

2) Number of treasury stocks

3) Average number of shares during the period* This financial results report is not subject to audit procedures.
* Proper use of earnings forecasts, and other special matters
The earnings forecasts and other descriptions of the future presented in this report are based on
information currently available to the Company and on certain assumptions deemed to be reasonable. Actual
results may differ substantially due to various factors.