Summary of Business Results for the Second Quarter Ended September 30, 2018
[Japan GAAP] (Consolidated)
November 2, 2018
Company
Stock CodeRepresentative
Contact

SWCC SHOWA HOLDINGS CO., LTD.

Listed on the TSE
URL:http://www.swcc.co.jp5805
Takayo Hasegawa, President and Representative Director
Tetsuo Komata, Manager of Business Planning Dept., Business
Strategy Headquarters
Expected date of filing of quarterly report: November 7, 2018
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: Yes (for analysts)

T E L: +81-44-223-0520（Rounded down to million yen）

１. Consolidated business results for the six months ended September 2018
(April 1, 2018 through September 30, 2018)(1) Consolidated results of operations(% change from the previous corresponding period)
Net sales

Six months ended Sept. 2018
Six months ended Sept. 2017
(Note) Comprehensive income

Million yen
85,36879,884

Operating income
%
6.9
9.8

Million yen
2,263
2,619%-13.6
141.2

Net income attributable toowners of parent

Ordinary income
Million yen
1,861
2,147%-13.4
510.1

Million yen
1,305
1,030%
26.6
168.3

Six months ended September 2018: 1,258 million yen (7.6%)
Six months ended September 2017: 1,168 million yen (-%)
Net income
Diluted net income perper shareshare
Yen
Yen
Six months ended Sept. 2018
43.76
Six months ended Sept. 2017
33.81
(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
Total assets

Net assets

Shareholders’ equity
ratio%
27.3
26.6

Million yen
Million yen
As of Sept. 2018
124,21134,578
As of Mar. 2018
123,518
33,477(Reference) Shareholders’ equity:
As of September 2018: 33,935 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 on
February 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
Yen
Yen――(Note) Revisions to dividend forecast for the current quarter: None

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Total
Yen

Yen

5.00

5.00

5.00

5.00

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

Million yen%

Million yen%

175,0004.1

5,400-14.0%

Net income
attributable to ownersof parent
Million yen%

-8.0

3,300

Ordinary income
Million yen

4,500

Net income pershare-11.7

Yen

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

※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 September 201830,826,861 shares
As of March 201830,826,861 shares②Treasury stock at the end of period
As of September 2018
1,002,852 shares
As of March 2018
1,002,411 shares③Average number of stock during period (quarterly cumulative period)Six months ended September 201829,824,262 shares
Six months ended September 2017
30,483,961 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 the company deems to be reasonable at thetime this report was prepared. Actual results may differ significantly from the forecasts due to various factors.

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