Consolidated Financial Results for the Fiscal Year Ended March 31, 2019
〔Japanese GAAP〕
May 13，2019
Company name：Komehyo Co.,Ltd.

Stock exchange listings：Tokyo 2nd section, Nagoya 2nd section

Code number：2780

URL：http://www.komehyo.co.jp/

Representative：Takuji Ishihara，President and Representative Director

Inquiries：Kazutoshi Torita，Director，Corporate Planning Department

Phone：+81-52-249-5366

Date of general shareholders' meeting (as planned) ：June 26, 2019
Dividend payable date (as planned)：June 27, 2019

Annual securities report filing date (as planned)：June 26, 2019

Availability of supplementary briefing material on financial results：Available
Schedule of annual financial results briefing session：Scheduled (For institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
１．Consolidated Financial Results for the Fiscal Year Ended March 31, 2019
（April 1, 2018 to March 31, 2019）（１）Consolidated Operating Results(％ indicates changes from the previous corresponding period.)
Operatingincome

Net sales
Million yen% Million yen

Net income
attributable toowners of parent

Ordinaryincome% Million yen% Million yen%Fiscal year ended March 31, 2019

50,960

12.0

1,860

14.4

1,826

13.4

1,009

△6.0

Fiscal year ended March 31, 201845,497

13.4

1,625

95.3

1,610

97.5

1,073

201.8

（Note）Comprehensive income： Fiscal year ended March 31,2019：985 Million yen（△6.7％）
Fiscal year ended March 31,2018：1,056 Million yen（187.6％）
Basicearnings
per share

Dilutedearnings
per share

Return onequity

Ordinary
income tototal assets

Operatingincometo net sales

Yen

Yen％％

％

Fiscal year ended March 31, 2019

92.14

－5.2

6.3

3.7

Fiscal year ended March 31, 201898.01－5.8

6.1

3.6

（２）Consolidated Financial Positions
Total assets

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

As of March 31, 201930,507

19,80064.1

1,785.63

As of March 31, 201827,147

18,91869.7

1,726.65（Reference）Equity： As of March 31,2019：19,564 Million yen
As of March 31,2018：18,918 Million yen

（３）Consolidated Cash Flows
Cash flows from Cash flows from Cash flows fromoperatinginvestingfinancing
activities
activities
activities

Cash and cash
equivalents

Million yen

Million yen

Million yen

Million yen

Fiscal year ended March 31, 2019

1,447

△ 2,239

2,113

6,086

Fiscal year ended March 31, 2018

1,715

△ 700

△ 107

4,769

2．Dividends
Annual dividends

Total
dividend

Payoutratio(Total)(Consolidated)

Net asset
dividend
rate

1st

2nd

3rd

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Million yen%%

Fiscal year ended March 31, 2018

－

15.00

－

15.00

30.00

328

30.6

1.8

Fiscal year ended March 31, 2019

－

16.00

－

16.00

32.00

350

34.7

1.8

Fiscal year ended March 31, 2020
(Forecast)

－

16.00

－

16.00

32.00

Year-end

Total(Consolidated)

48.2

3．Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020
（April 1，2019 to March 31，2020）(％ indicates changes from the previous corresponding period.)
Net sales
Million yen

Operating income% Million yen

First half

27,000

15.8

Full year

56,40010.7

458

Ordinary income% Million yen

Net income
attributable toowners of parent% Million yen

Basicearnings
per share%Yen△ 6.5

427 △ 14.3

243 △ 24.4

22.18

1,329 △ 28.6

1,261 △ 31.0

727 △ 28.0

66.35

＊ Notes（１）Changes in significant subsidiaries during the period under review (changes in specified
subsidiaries resulting in changes in scope of consolidation)：No（２）Changes in accounting policies,changes in accounting estimates and retrospective restatement① Changes in accounting policies due to the revision of accounting standards：No② Changes in accounting policies other than ① above：No③ Changes in accounting estimates：No④ Retrospective restatement：No（３）Total number of issued shares (common shares)① Total number of issued shares at the end of the period (including treasury stock):
March 31, 2019：11,257,000 shares
March 31, 2018：11,257,000 shares② Total number of treasury stock at the end of the period:
March 31, 2019：300,533 stock
March 31, 2018：300,503 stock③ Average number of shares during the period:
Fiscal year ended March 31, 2019：10,956,472 sharesFiscal year ended March 31, 2018：10,956,532 shares

（Reference）Overview of Non-consolidated Financial Results
１．Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2019
（April 1, 2018 to March 31, 2019）（１）Non-consolidated Operating Results (％ indicates changes from the previous corresponding period.)
Net sales

Operating income Ordinary income

Million yen% Million yen% Million yen

Net income% Million yen%

Fiscal year ended March 31, 201944,391

11.9

1,517

31.6

1,524

21.3

974

8.8

Fiscal year ended March 31, 2018

39,682

13.7

1,153

129.3

1,256

156.5

895

507.9

Basic earnings
per share

Diluted earnings
per share

YenYenFiscal year ended March 31, 2019

88.95

ー

Fiscal year ended March 31, 201881.75－（２）Non-consolidated Financial Positions
Total assets

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%Yen

As of March 31, 2019

26,415

18,33169.4

1,673.11

As of March 31, 2018

24,65017,70371.8

1,615.78（Reference）Equity： As of March 31,2019：18,331 Million yen
As of March 31,2018：17,703 Million yen
2．Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020
（April 1, 2019 to March 31, 2020）(％ indicates changes from the previous corresponding period.)
Net sales
Million yen

Operating income Ordinary income% Million yen% Million yen

First half

23,80014.8

391 △ 10.4

Full year

48,5009.3

953 △ 37.2489% Million yen
7.5

1,038 △ 31.9

Basicearnings
per share

Net income%Yen

16.5

32.40

698 △ 28.4

63.71

355

＊ These Financial Results are outside the scope of audit.
＊ Explanation of the proper use of financial results forecast and other notes(Notes on the earnings forecasts and other forward-looking statements)
The earnings forecasts and other forward-looking statements herein are based on data
currently available to the Company and certain assumptions that the Company believes arereasonable,and the Company has no intention of guaranteeing the achievability of them.
Actual results may differ significantly from these forecasts due to various factors.