Revised on May 8, 2018

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 Year Ended February 28, 2018
(Based on Japanese GAAP)
April 12, 2018
Company name:

IDOM Inc.

Stock exchange listing: Tokyo
Stock code:
7599
Representative:
Inquiries:

URL

https://221616.com

President
General Manager, Finance & IR Division

Yusuke Hatori
Masayuki Matsumoto

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

May 30, 2018
May 31, 2018

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

May 31, 2018
Yes

Holding of financial results meeting:

Yes

TEL

03-5208-5503(for analysts and institutional investors)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended February 28, 2018 (from March 1, 2017 to February 28, 2018)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended February 28, 2018
276,157
9.8
6,779
50.7
5,797
39.4
3,578
59.2
Year ended February 28, 2017
251,51619.7
4,498(40.4)
4,160(39.1)
2,247(45.3)
Profit attributable toOrdinary profit/total Operating profit/net
owners ofassetssales
parent/equity
Yen
Yen
%
%
%
Year ended February 28, 2018
35.29
–
9.0
4.7
2.5
Year ended February 28, 2017
22.17
22.16
5.9
4.0
1.8
Note: Regarding diluted earnings per share for the year ended February 28, 2018, there were no potentially dilutive shares outstanding.
Earnings per share

Diluted earnings per
share(2) Consolidated financial position
Total assets
As of February 28, 2018
As of February 28, 2017

Net assets

Equity ratio

Millions of yen
130,181
114,047

Millions of yen
41,494
39,581

Cash flows fromoperating activities
Millions of yen
6,989(4,632)

Cash flows frominvesting activities
Millions of yen(5,315)(8,262)

Net assets per share
%
31.4
33.9

Yen
403.71381.05(3) Consolidated cash flows

Year ended February 28, 2018Year ended February 28, 2017

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen
8,731
22,76318,092
14,337

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended February 28, 2017
Year ended February 28, 2018Year ending February 28, 2019
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

–
–

6.00
3.50

–
–

6.00
3.50

12.00
7.00

1,216
709

54.1
19.8

3.2
1.8

–

5.50

–

5.50

11.00

1

28.6

3. Forecast of consolidated financial results for the year ending February 28, 2019 (from March 1, 2018 to February 28, 2019)

Net sales
Millions of yen
Six months ending
August 31, 2018
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

142,800

5.4

2,700

6.8

2,300

13.2

1,150

2.5

11.34

290,000

5.0

7,600

12.1

6,800

17.3

3,900

9.0

38.46

4. Notes(1) Changes in significant subsidiaries during the year ended February 28, 2018(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) 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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
Yes

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2018106,888,000 shares As of February 28, 2017

106,888,000 shares

Number of treasury shares at the end of the period
As of February 28, 2018

5,480,470 shares As of February 28, 2017

5,480,350 shares

101,407,589 shares Year ended February 28, 2017

101,407,667 shares

Average number of shares during the period
Year ended February 28, 20182

1.

Analysis of Operating Results and Financial Position(1) Analysis of consolidated operating results
In the fiscal year ended February 28, 2018 (FY2018), retail car sales from all directly managed stores totaled 125,151 units, up
31.3% from last fiscal year. This was attributable to an increase in the number of stores, as well as reinforcement in retail sales at
the Gulliver stores which were primarily focused on purchasing of used cars.
SG&A expenses increased with a rise in store operation expenses incidental to the increase in the number of stores.
In relation to the conclusion of a syndicated loan agreement (announced on March 15, 2017), arrangement fees were paid to thearranger institution, and this is recorded in non-operating expenses as interest expenses.
The segment performance for the Australia business recorded an increase in operating losses amid the stagnation in new car market
in Western Australia. This was also attributable to an impairment loss on inventories.
As a result of the above, consolidated business results for FY2018 were net sales of 276,157 million yen (up 9.8% YoY), operating
income of 6,779 million yen (up 50.7%), ordinary income of 5,797 million yen (up 39.4%), and profit attributable to owners ofparent of 3,578 million yen (up 59.2%).
Regional segment-specific earnings are as indicated below.
I. JapanJapan segment resulted in net sales of 229,485 million yen (up 9.6% YoY) and segment income (operating income) of 7,921
million yen (up 47.8%). An increase in retail car sales resulted in increases in both net sales and operating income.
II. Australia
Australia segment recorded net sales of 44,852 million yen (up 10.5% YoY) and segment losses (operating losses) of 767 million
yen (operating losses in last fiscal year were 462 million yen) as a result of the sluggish new car market in Western Australia, andan impairment loss recorded on inventories. Quaterly (3 months) net sales improved year on year after the second quarter.

Outlook for the fiscal year ending February 28, 2019 (FY2019)
In the light of firm retail car sales at directly managed stores, we will continue to open new stores. New store openings in FY2018
and 2019 are expected to contribute a year on year increase in retail car sales at all directly managed stores.
Based on the above, our full-year forecast is as follows: net sales of 290,000 million yen (up 5.0% YoY), operating income of
7,600 million yen (up 12.1%), ordinary income of 6,800 million yen (up 17.3%), and net income of 3,900 million yen (up 9.0%).

(2) Analysis of financial position
Assets
As of the end of FY2018, total assets were 130,181 million yen (up 14.1% compared to the end of FY2017).
Current assets were 76,955 million yen (up 20.7% compared to the end of FY2017) on increased cash and deposits (up 8,426
million yen), and increased merchandise (up 3,146 million yen).
Non-current assets were 53,225 million yen (up 5.9 % compared to the end of FY2017) on increased buildings and structures (up1,524 million yen) and increased shares in affiliated companies (up 1,903 million yen).
Liabilities
As of the end of FY2018, total liabilities were 88,686 million yen (up 19.1 % compared to the end of FY2017).

3

Current liabilities were 31,901 million yen (up 8.2 % compared to the end of FY2017) on increased accounts payable (up 2,010
million yen) and tax payable (up 1,350 million yen) offsetting decreased short-term loans (down 2,207 million yen).
Non-current liabilities were 56,784 million yen (up 26.2% compared to the end of FY2017) on increased long-term loans (up11,905 million yen).
Net assets
As of the end of FY2018, total net assets were 41,494 million yen (up 4.8% compared to the end of FY2017) due to an increase inretained earnings (up 2,552 million yen).
Cash flow position
Cash and cash equivalents (hereinafter, “cash”) for the end of FY2018 were 22,763 million yen, an increase of 8,426 million yen(up 58.8%) compared to the end of FY2017.
The status of cash flows for FY2018 and respective relevant cash flows are as follows.

(Cash flows from operating activities)
Net cash provided by operating activities was 6,989 million yen.
Main components were income before income taxes and minority interests of 5,221 million yen, increased depreciation of 3,044
million yen and expenditure of 3,525 million yen for increase in inventories among other factors.

(Cash flows from investing activities)
Net cash used in investing activities was 5,315 million yen.
Cash was mainly used for the purchase of property, plant and equipment due to the opening of directly managed stores as well as
payments of construction assistance fund, among other factors.

(Cash flows from financing activities)
Net cash provided by financing activities was 8,731 million yen.
This was mainly attributable to proceeds from long-term loans payable of 12,000 million yen and cash dividends paid of 966
million yen.
(Reference) Trends in shareholders’ equity and cash flow indicators are as follows:

Equity ratio (%)
Shareholders’ equity (mark-to-market) ratio (%)
Debt redemption years
Interest coverage ratio

FY 2014
62.2
150.4
0.4
157.7

FY 2015
60.6
166.1
95.0
1.3

FY 2016
39.4
122.8
6.1
19.4

FY 2017

FY 2018

33.9
65.1
-

Notes:
1. Breakdown of each indicator
Equity ratio = shareholders’ equity/total assets
Shareholders’ equity (mark-to-market) ratio = Market capitalization/Total assets
Debt redemption years = Interest bearing debt/Operating cash flow
Interest coverage ratio = Operating cash flow/Interest payments
2. Each index is calculated from consolidated figures.
3. Market capitalization is calculated using the following formula: closing share price at period-end x number of shares issued (excluding treasury stock)
4. Debt redemption years and interest coverage ratio for FY 2017 are not shown in the above table due to a negative figure for operating cash flow.

4

31.4
55.8
7.7
10.1

(3) Basic policy concerning distribution of profit and dividends for FY2018 and FY2019

I. Dividend basic policy and goals
We apply an earnings performance-linked dividend policy through which we make decisions on dividend payouts based on
consolidated performance. We calculate the total dividend amount based on “previous consolidated net income x 30%” and thendetermine the current term per-share dividend amount. This method determines the dividend amount for the current term based on
actual performance for the previous term, meaning that the initially announced dividend forecast will not require revisions after the
initial release.
II. Dividends for FY2018
In accordance with the above, per-share dividends for FY2018 will be 7 yen for the full year (interim dividend of 3.5 yen and a
year-end dividend of 3.5 yen).
III. Dididends for FY2019
The per-share dividend (forecast) for the upcoming term will be calculated based on profit attributable to owners of parent in
FY2018, resulting in an annual dividend of 11 yen (interim and year-end dividends of 5.5 yen each).

2.

Basic Approach to Selection of Accounting Standards

Our Group considers adopting IFRS in order to enhance international comparability of its financial information on capital markets,
however, we have not determined the timing of adopting these standards.

5Consolidated financial statements
Consolidated balance sheets
As of February 28, 2017

(Millions of yen)
As of February 28, 201814,337
4,655
41,333
785
2,717
(64)
63,76522,763
5,709
44,479
1,037
3,203
(239)
76,95529,766(10,134)
19,632
312
(100)
212
4,097
(3,088)
1,009
218
961
22,03332,602(11,445)
21,156
64
(15)
48
4,332
(3,446)886
218
777
23,088

3,201
9,687
4,024
16,914

2,981
8,927
3,688
15,597

40
247
229
5,033
5,214
361
533
(325)
11,33450,281
114,047

45
2,150
211
5,541
5,643
504
746
(304)
14,53953,225130,181

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Lease and guarantee deposits
Construction assistance fund receivables
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

As of February 28, 2017

(Millions of yen)
As of February 28, 201812,317
3,408
3,885
679
4,228
383
651
1,149
175
2,602
29,483

14,327
1,201
3,845
2,029
4,581
314
815
871
315
3,597
31,901

40,774
529
188
1,866
1,127
425
70
44,98374,466

52,680
499
–
2,008
1,008
395
191
56,784
88,686

4,157
4,032
33,821(3,947)38,063

4,157
4,032
36,373(3,947)40,615

578
578
5
934
39,581
114,047

323
323
3
551
41,494130,181

Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Accounts payable - other
Income taxes payable
Advances received
Deposits received
Provision for bonuses
Provision for merchandise warranties
Other provision
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Long-term guarantee deposited
Provision for directors' retirement benefits
Asset retirement obligations
Deferred tax liabilities
Other provision
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

7

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
Fiscal year ended
February 28, 2017
February 28, 2018
Net sales
251,516
276,157
Cost of sales
190,383
210,298
Gross profit
61,13365,859Selling, general and administrative expenses
56,63459,080Operating profit
4,498
6,779
Non-operating income
Interest income
39
55
Reimbursement claims
30
7Foreign exchange gains
174
–
Other
87
42
Total non-operating income
332
106
Non-operating expenses
Interest expenses
473
734
Provision of allowance for doubtful accounts
0–
Foreign exchange losses–
69
Share of loss of entities accounted for using equity
141
197
methodOther
55
86
Total non-operating expenses
670
1,087
Ordinary profit
4,160
5,797
Extraordinary income
Gain on sales of property, plant and equipment
150Gain on reversal of subscription rights to shares–
3
Total extraordinary income
15
4Extraordinary losses
Loss on retirement of non-current assets
215
182
Impairment loss
38
148
Loss on valuation of shares of subsidiaries
4–
Provision of allowance for doubtful accounts
113
165
Directors' retirement benefits
110–
Special retirement expenses
–
54
Other
0
30
Total extraordinary losses
483
580
Profit before income taxes
3,692
5,221
Income taxes - current
1,829
2,482
Income taxes - deferred
(130)
(476)
Total income taxes
1,699
2,005
Profit1,993
3,215
Profit (loss) attributable to non-controlling interests
(254)
(363)
Profit attributable to owners of parent
2,247
3,578

8

Consolidated statements of comprehensive income

ProfitOther comprehensive income
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable tonon-controlling interests

9

Fiscal year ended
February 28, 2017
1,993

(Millions of yen)
Fiscal year ended
February 28, 2018
3,215

637

(288)

(18)

14

618
2,611

(273)
2,941

2,808

3,323

(197)

(382)

Consolidated statements of changes in equity
Fiscal year ended February 28, 2017
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current period

Capital surplus

4,157

Retained earnings

4,032

Total shareholders'equityTreasury shares

32,869(3,947)

37,111

Changes of items during period
Change of scope of equity method

(180)

(180)

Dividends of surplus(1,115)(1,115)

Profit attributable to owners ofparent

2,247

2,247

Purchase of treasury shares

(0)

(0)

Change of scope of consolidation
Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

–

–

952

(0)

952

4,157

4,032

33,821(3,947)38,063

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of current period

11

Subscription rights toshares–Non-controllinginterests

1,131

Total net assets

38,245

Changes of items during period
Change of scope of equity method(180)

Dividends of surplus(1,115)

Profit attributable to owners ofparent2,247

Purchase of treasury shares(0)Change of scope of consolidation
Net changes of items other thanshareholders' equity

577

577

5

(197)

384

Total changes of items during period

577

577

5

(197)

1,337

Balance at end of current period

578

578

5

934

39,58110

Fiscal year ended February 28, 2018
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current period

Capital surplus

4,157

Retained earnings

4,032

Total shareholders'equityTreasury shares

33,821(3,947)38,063

Changes of items during period
Change of scope of equity method
Dividends of surplus

(963)

(963)

Profit attributable to owners ofparent

3,578

3,578

Purchase of treasury shares(0)Change of scope of consolidation

(63)

(0)
(63)

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

4,157

4,032

2,552

(0)

2,552

36,373(3,947)40,615

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of current period

578

578

Subscription rights toshares5Non-controllinginterests

934

Total net assets

39,581

Changes of items during period
Change of scope of equity method
Dividends of surplus(963)

Profit attributable to owners ofparent

3,578

Purchase of treasury shares(0)Change of scope of consolidation(63)

Net changes of items other thanshareholders' equity

(254)

(254)

(1)

(382)

Total changes of items during period

(254)

(254)

(1)

(382)

1,913

Balance at end of current period

323

323

3

551

41,49411(639)

Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
February 28, 2018

Fiscal year ended
February 28, 2017
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for merchandise
warranties
Increase (decrease) in provision for directors'
retirement benefits
Interest and dividend income
Share of (profit) loss of entities accounted for using
equity method
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of property, plant and equipment
Loss on retirement of non-current assets
Impairment loss
Decrease (increase) in notes and accounts receivable- tradeDecrease (increase) in inventories
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Payments for asset retirement obligations
Purchase of investment securities
Payments of loans receivableCollection of loans receivable
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee
deposits
Payments of construction assistance fund receivables
Collection of construction assistance fundreceivables
Proceeds from withdrawal of time deposits
Purchase of shares of subsidiaries and associates
Other, net
Net cash provided by (used in) investing activities

12

3,692
2,964
500
191

5,221
3,044
524
164

125

154

73

(277)

(351)

(188)

(39)

(58)

141

197

473
(3)
(14)
215
38

734
(2)
(0)
182
148

1,695

(957)

(8,916)(3,525)(2,299)

2,280

(229)
545
(1,197)39(456)(3,018)(4,632)

879
(383)
8,902
58
(693)
(1,278)
6,989(4,521)(2,084)
(47)
(24)
(3)
5
(619)

(3,564)
(658)
(11)
(7)
(2)
37
(741)

121

230

(1,271)

(906)

376

510

27
(240)
22
(8,262)––(199)(5,315)

(Millions of yen)
Fiscal year ended
February 28, 2018

Fiscal year ended
February 28, 2017
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Purchase of treasury shares
Dividends paid
Proceeds from issuance of subscription rights tosharesOther, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents
resulting from change of scope of consolidation
Cash and cash equivalents at end of period

13

1,363
18,000(161)(0)(1,115)(2,207)
12,000
(95)
–
(966)

5

2

–
18,092

(0)
8,731

18

(19)

5,214
9,122

10,387
14,337–(1,960)14,33722,763

Non-consolidated financial statements
Non-consolidated balance sheets
As of February 28, 2017

(Millions of yen)
As of February 28, 2018

10,376
3,665
30,349
101
898
814
443
1,592
(184)
48,057

20,251
3,734
31,961
104
994
1,046
434
1,669
(698)
59,497

16,060
3,053
10
780
218
961
21,08517,080
3,563
7
677
218
777
22,325

0
3,199
14
3,214

0
2,961
14
2,976

0
12,49614–
12,496
–

4,548

5,208

80

79

338
4,655
5,214
368
110
(640)
27,18651,48699,544

529
5,158
5,643
511
127
(466)
29,28954,590114,088

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise
Supplies
Prepaid expenses
Deferred tax assets
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Structures
VehiclesTools, furniture and fixtures
Land
Construction in progress
Total property, plant and equipment
Intangible assets
Trademark right
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Long-term loans receivable from subsidiaries
and associates
Claims provable in bankruptcy, claims
provable in rehabilitation and other
Long-term prepaid expenses
Lease and guarantee deposits
Construction assistance fund receivables
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

14

As of February 28, 2017

(Millions of yen)
As of February 28, 2018

3,312
3,000
3,056
558
287
1,276
4,165
304
639
1,149
438
88
175
1
18,456

3,439
–
2,491
1,812
1,319
1,325
4,502
233
802
871
278
133
315
3
17,52940,680
529
188
1,850
–
43,24861,70552,680
499
–
1,988
191
55,36072,889

4,157

4,157

4,032
4,032

4,032
4,032

39

39

33,551
33,591(3,947)
37,833
5
37,83999,54436,912
36,952(3,947)
41,194
3
41,198114,088

Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Accrued expenses
Advances received
Deposits received
Provision for bonuses
Provision for merchandise warranties
Accounts payable - facilities
Unearned revenue
Other provision
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Long-term guarantee deposited
Provision for directors' retirement benefits
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Legal capital surplus
Total capital surpluses
Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Subscription rights to shares
Total net assets
Total liabilities and net assets

15

Non-consolidated statements of income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Advertising expenses
Salaries and allowances
Provision for bonuses
Depreciation
Rents
Provision for directors' retirement benefits
Provision of allowance for doubtful accounts
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Reimbursement claims
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Borrowing expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on reversal of subscription rights to shares
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment loss
Loss on valuation of shares of subsidiaries
Provision of allowance for doubtful accounts
Directors' retirement benefits
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit16

Fiscal year ended
February 28, 2017
198,434
147,268
51,166(Millions of yen)
Fiscal year ended
February 28, 2018
215,777
160,057
55,7209,064
11,471
611
2,514
7,532
19
18
15,40046,632
4,534

8,536
11,878
762
2,649
8,778
3
0
16,18948,797
6,922

47
30
175
48
300

368
7
–
16
392

132
35
–
17
185
4,649

342
–
87
34
464
6,851

11
–
11

–
3
3

209
38
34
408
110
–
801
3,858
1,395
(95)
1,300
2,558

179
148
–
338
–
31
696
6,158
2,209
(375)
1,833
4,324