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

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2015
(Based on Japanese GAAP)
July 31, 2015
Company name:
CREO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9698
URL http://www.creo.co.jp
President and Representative Director

Yuji Anan

Inquiries:
Executive Officer, Financial Director
Scheduled date to file Quarterly Securities Report:

Takashi Ameda
August 14, 2015

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-5769-3640(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2015 (from April 1, 2015 to June 30, 2015)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2015
Three months ended June 30, 2014

Millions of yen2,158
2,376

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen%(9.2)
(38)
–(25)
–164
–
9.8(120)–(116)–(141)–Earnings per share

Diluted earnings per share

Yen
19.00
(16.29)Three months ended June 30, 2015
Three months ended June 30, 2014

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2015
As of March 31, 2015

Net assets

Millions of yen
6,551
7,159

Equity ratio

Millions of yen
4,919
4,799%
74.5
66.5

2. Cash dividends
Annual dividends per share

Year ended March 31, 2015
Year ending March 31, 2016

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
5.00

Yen
5.00

0.00

–

5.00

5.00

Year ending March 31, 2016 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen%
Six months ending
4,000 (26.3)
10 (89.6)
100 209.7
September 30, 2015
Full year
10,000 (12.5)
300 (21.3)
350
64.0

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2015(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2015

9,237,319 shares As of March 31, 2015

9,237,319 shares

581,946 shares As of March 31, 2015

581,646 shares

Number of treasury shares at the end of the periodAs of June 30, 2015

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2015

8,655,657 shares Three months ended June 30, 2014

28,657,736 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2015

As of June 30, 2015

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,553
2,149

3,922
1,223

Merchandise and finished goods
Work in process

24
204

7356

Other186

152

6,118

5,663

202

181

Other488

380Total intangible assets

488

380

Investments and other assets

350

325

1,041

887

7,159

6,551

Current liabilities
Accounts payable - trade

433

312

Income taxes payable
Provision for bonuses

43461

6206

Provision for sales returns
Other

79
1,220–992

Total current liabilities

2,237

1,517

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Total non-current assets
Total assets
Liabilities

Non-current liabilities
Directors' retirement benefits payable

26

26

Asset retirement obligations
Other5342

4838

Total non-current liabilities

122113

2,360

1,631

Capital stock
Capital surplus

3,149
743

3,149743

Retained earnings
Treasury shares

1,013
(178)

1,135(179)

Total shareholders' equity

Total liabilities
Net assets
Shareholders' equity

4,728

4,849

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

32

32

Total accumulated other comprehensive income

32

32

Non-controlling interests
Total net assets
Total liabilities and net assets

339

38

4,799

4,919

7,159

6,551

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

June 30, 2014

June 30, 2015

Net sales
Cost of sales

2,376
1,930

2,158
1,780

Gross profit

446

377

Selling, general and administrative expenses

566416

Operating loss

(120)

(38)

Interest income
Dividend income

0101

Insurance income
Subsidy income

2––11

Other00

Total non-operating income

4120000

Non-operating income

Non-operating expenses
Interest expenses
OtherTotal non-operating expenses

00(116)(25)

Gain on sales of shares of subsidiaries
Other––

204
0

Total extraordinary income

–

204

10–

–

0Ordinary loss
Extraordinary income

Extraordinary losses
Settlement package
Other
Total extraordinary losses

100(126)

178

Income taxes - current

34

Income taxes - deferred

108

Income (loss) before income taxes and minority interests

Total income taxes

1312(140)

165

Profit attributable to non-controlling interests

01

Profit (loss) attributable to owners of parent(141)

164

Profit (loss)

4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Three months ended

Three months ended

June 30, 2014

June 30, 2015
(140)

165

Valuation difference on available-for-sale securities

0(0)Total other comprehensive income0(0)Comprehensive income

(140)

165

Comprehensive income attributable toComprehensive income attributable to owners of parent(140)

164

01

Comprehensive income attributable to non-controllinginterests5