Summary of Business Results for the Third Quarter Ended December 31, 2018
[Japan GAAP] (Consolidated)
Company
Stock Code
RepresentativeContactFebruary 4, 2019
Listed on the TSE
URL:http://www.swcc.co.jp

SWCC SHOWA HOLDINGS CO., LTD.

5805
Takayo Hasegawa, President and Representative Director
Tetsuo Komata, Manager of Business Planning Dept., Business
Strategy Headquarters
Expected date of filing of quarterly report: February 7, 2019
Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: None

T E L: +81-44-223-0520
Expected starting date of dividend payment: （Rounded down to million yen）

１. Consolidated business results for the nine months ended December 2018
(April 1, 2018 through December 31, 2018)(1) Consolidated results of operations(% change from the previous corresponding period)

Net sales

Operating income

Net income attributable toowners of parent

Ordinary income

Million yen% Million yen% Million yen% Million yen%
Nine months ended Dec. 2018131,793
5.1
4,519
-4.4
3,881
-4.1
2,752
1.7
Nine months ended Dec. 2017
125,412
13.0
4,727
119.9
4,048
296.5
2,706
251.6(Note) Comprehensive income
Nine months ended December 2018: 2,839 million yen (-17.3%)
Nine months ended December 2017: 3,432 million yen (-%)
Net income
Diluted net income perper shareshareYenYen
Nine months ended Dec. 2018
92.29
Nine months ended Dec. 201789.41
(Note) The Company conducted a 1-for-10 reverse stock split effective on October 1, 2017. Net income per share is calculated assumingthat the reverse stock split was conducted at the beginning of the previous consolidated fiscal year.

(2) Consolidated financial position

As of Dec. 2018As of Mar. 2018

Total assets

Net assets

Million yen
127,625
123,518

Million yen
36,15933,477

Shareholders’ equity
ratio%
27.8
26.6(Reference) Shareholders’ equity
As of December 2018: 35,479 million yen
As of March 2018: 32,857 million yen(Note) The Company has applied the "Partial Revision of Accounting Standard for Tax Effects" (ASBJ Statement No. 28, issued onFebruary 16, 2018) from the beginning of the first quarter of the current fiscal year. The figures for the previous fiscal year
have been calculated retrospectively after applying the standard.

2. Dividends
End of 1Q

End of 2Q
Yen

Year ended Mar. 2018Year ending Mar. 2019Year ending Mar. 2019 (forecast)

-

0.00
0.00

Annual dividend
End of 3Q
YenYen-Year-endTotalYen

Yen

5.00

5.00

5.00

5.00

(Note) Revisions to dividend forecast for the current quarter: None

3．Forecast of consolidated business results for the fiscal year ending March 2019
(April 1, 2018 through March 31, 2019)
Net sales(% change from the previous corresponding period)
Operating income

Million yen% Million yen%
Year ending Mar. 2019
175,000
4.1
5,400-14.0(Note) Revisions to business forecast for the current quarter: None-1 －Ordinary income
Million yen
4,500%-8.0

Net income attributableto owners of parent

Million yen
3,300%-11.7

Net income
per shareYen

110.65

*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Application of accounting procedures specific to preparation of the consolidated quarterly financial statements:
Yes(3) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: Yes: None

(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of December 201830,826,861 shares
As of March 201830,826,861 shares②Treasury stock at the end of period
As of December 2018
1,003,053 shares
As of March 2018
1,002,411 shares③Average number of stock during period (quarterly cumulative period)
Nine months ended December 201829,824,140 shares
Nine months ended December 2017
30,263,553 shares(Note) The Company conducted a 1-for-10 reverse stock split effective on October 1, 2017. Number of shares outstanding at the endof period, number of treasury stock at the end of period, and average number of stock during period are calculated assumingthat the reverse stock split was conducted at the beginning of the previous consolidated fiscal year.

*Quarterly financial summary is not subject to the quarterly review procedures by certified public accountants
or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Above forecasts are based on information currently available to the Company and certain assumptions that theCompany deems to be reasonable at the time this report was prepared. Actual results may differ significantly from theforecasts due to various factors.

-2 －2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets
Previous Fiscal Year
(March 31, 2018)(Million yen)
Current Third Quarter(December 31, 2018)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
InventoriesOtherAllowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Asset for retirement pay
Other
Allowance for doubtful accounts
Total investment and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term borrowings
Accounts payable
Income taxes payable
Allowance construction lossAccrued restructuring charges
Allowance for product modification costs
Other
Total current liability
Noncurrent liabilities
Long-term debt
Deferred tax liabilities on revaluation
Provision for directors' retirement benefits
Obligations for retirement pay
OtherTotal noncurrent liabilities
Total liabilities

-3 －

4,682
39,73021,8984,637-1270,936

4,020
43,67822,825
5,097-353
75,267

7,592
5,958
23,603
2,409
39,564
1,499

7,337
5,584
23,603
2,657
39,182
1,104

5,441
1,068
3,657
1,492
-141
11,51752,581
123,518

5,947
962
4,142
2,030
-1,011
12,071
52,358
127,625

21,931
34,381
8,100
614
58
7
599
4,263
69,95721,06936,176
8,607
772
58
5
945
3,848
71,484

13,240
4,188
127
625
1,900
20,082
90,04013,342
4,188
97
660
1,692
19,981
91,465

(Million yen)Previous Fiscal Year
(March 31, 2018)
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Other accumulated comprehensive income
Valuation difference on securities
Land revaluation differenceForeign currency translation adjustments
Remeasurements of defined benefit plans
Total other accumulated comprehensive income
Non-controlling shareholders' equity
Total net assets
Total liabilities and net assets-4 －Current Third Quarter(December 31, 2018)24,221
5,536-3,454-915
25,387

24,221
5,536
-851
-916
27,990

787
5,581
1,681
-580
7,470
619
33,477
123,518

872
5,581
1,349
-315
7,488
680
36,159127,625

(2) Quarterly Consolidated Statements of Income and Statements of Comprehensive Income
Quarterly Consolidated Statements of Income(For the Nine-month Period)(Million yen)Previous Third Quarter(From April 1, 2017 toDecember 31, 2017)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Equity in losses of affiliates
Foreign exchange loss
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment security
Total extraordinary income
Extraordinary loss
Provision for allowance product repair costs
Loss on sales of investment security
Total extraordinary loss
Current net income for the quarter before income taxes
and minority interests
Income taxes
Net income
Net income attributable to owners of Non-Controlling
Net income attributable to owners of parent-5 －Current Third Quarter(From April 1, 2018 toDecember 31, 2018)

125,412109,172
16,23911,512
4,727

131,793
115,958
15,835
11,316
4,519

51
65
111
126
355

105
48
155
309

630
26
378
1,034
4,048

613
36
75
222
947
3,881

14
14-808
8
816
3,245

3,881

435
2,810
1042,706

1,054
2,826
732,752

(Consolidated Statements of Comprehensive Income)(For the Nine-month Period)(Million yen)Previous Third Quarter(From April 1, 2017 toDecember 31, 2017)
Net income
Other comprehensive income
Valuation difference on securities
Foreign currency translation adjustments
Of defined benefit plans
Share of other comprehensive income ofcompanies accounted for by the equity-method
Total other comprehensive income
Comprehensive income
BreakdownComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests-1 －Current Third Quarter(From April 1, 2018 toDecember 31, 2018)
2,810

2,826

359-98319
4181-172
265-161

621
3,432

12
2,839

3,326

2,770

10668