Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending September
30, 2018 (FY9/18) (Nine Months Ended June 30, 2018) [IFRS]
August 14, 2018
Company name:
Stock code:

Evolable Asia Corp.
6191
URL

Stock Exchange Listing: TSE

Representative:

Hideki Yoshimura, CEOContact:

Yusuke Shibata, Director and CFO

http://www.evolableasia.com/
TEL: +81-3-3431-6191

Scheduled date of filing of

Scheduled date ofAugust 14, 2018
Quarterly Report:
Preparation of supplementary materials for quarterly―

payment of dividend:

financial results: Yes
Holding of quarterly financial results briefing: Yes(for institutional investors and securities analysts)(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Third Quarter (October 1, 2017 to June 30, 2018) of FY9/18(1) Consolidated results of operations(Percentages represent year-on-year changes)
Net sales

Nine months ended
March 31, 2018
Nine months ended
March 31, 2017

Operating income

Profit before income
taxes

Profit attributable to Total comprehensive
owners of parent
incomeProfitMillions of yen%

Millions ofyen%Millions ofyen%Millions of yen%

Millions of yen%

Millions of yen%

6,340

59.8

1,037

110.6

1,026

107.4

716

93.9

612

106.1

709

81.8

3,968－

492－

494－

369－

297－

390－

Profit per share

Nine months ended
March 31, 2018
Nine months ended
March 31, 2017

Fully diluted profit per share
Yen

Yen

35.35

34.10

17.77

16.82(2) Consolidated financial position
Total assets

Equity attributable toRatio of equity attributableowners of parent per
to owners of parent
shareMillions of yen%
Yen

Equity attributable toowners of parent

Total equity

Millions of yen

Millions of yen

23,905

5,179

4,856

20.3

269.70

7,943

3,537

3,136

39.4

185.40

As of June 30, 2018
As of September 30,
2017

2. Dividends
Dividend per share
1Q-end2Q-end3Q-endYear-end

Total

Yen

Yen

Yen

Yen

Yen

－0.00

－

7.00

7.00

－

0.00

－
10.00

10.00

Fiscal year ended Sep.
30, 2017
Fiscal year ending Sep.
30, 2018
Fiscal year ending Sep.
30, 2018 (Estimated)

Note: Revision to the most recently announced dividend forecast: No
3. Consolidated Forecast for FY9/18 (October 1, 2018 to September 30, 2018)(Percentages represent year-on-year changes)
Net sales

Full year

Millions ofyen
11,000

Profit attributable toowners of parent

Operating income%―Millions ofyen
1,500

Note: Revision to the most recently announced consolidated forecast: No

Profit per share%

Millions of yen%

Yen―

881―

52.09

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope ofconsolidation): Yes
Newly included:
1 company Airtrip Corp.
Excluded– companies(2) Changes in accounting policies and accounting-based estimates, and restatements
1) Change of the accounting policy required under IFRS: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
(3) Number of outstanding shares (common stock)1) Number of shares outstanding as of the endof the period (including treasury shares)
2) Number of treasury shares as of the end ofthe period
3) Average number of shares issued during theperiod

As of June 30, 2018

As of June 30, 2018
Nine months ended
June 30, 2018

17,679,500 shares As of Sep. 30, 2017

－shares

16,763,493 shares

As of Sep. 30, 2017
Nine months ended
June 30, 2017

16,919,100－

16,763,493

sharessharesshares* The quarterly financial report is exempt from the quarterly review procedures undertaken by the audit corporation.
* Explanation of appropriate use of earnings forecasts, and other special items
The outlook for operating results and other forward-looking statements stated in this report are based on the information currently
available to the Company and certain assumptions judged to be reasonable. The actual operating results, etc. may differ
significantly from those statements, etc. due to various factors.

○Contents of Attachments
1. Summary Consolidated Financial Statements………………………………………………………………………………

2(1) Summary Consolidated Statements of Financial Position………………………………………………………………

2(2) Summary Consolidated Statement of Income……………………………………………………………………………

3(3) Summary Consolidated Statement of Comprehensive Income……………………………………………………………

4

2. Notes to Quarterly Consolidated Financial Statements………………………………………………………………………

5(Notes on going concern assumptions)…………………………………………………………………………………

5(Segment information, etc.)……………………………………………………………………………………………

51. Summary Consolidated Financial Statements(1) Summary Consolidated Statements of Financial Position(Millions of yen)
Third quarter of
FY9/18(As of Jun. 30, 2018)

Date of change ofaccounting standards(As of Oct. 1, 2016)

FY9/17(As of Sep. 30, 2017)

2,326

1,953

4,608

1,104

1,631

4,922

73

1,618

3,454

274
–45–55125

AssetsCurrent assetsCash and cash equivalents
Notes and accounts receivable - tradeand other receivables
Other financial assets
Inventories
Income taxes receivable
Other current assets

225

260

2,080

Total current assets

4,002

5,508

15,246

Non-current assets
Property, plant and equipment

40

366

525

Intangible assets
Goodwill

202
102

609
757

2,077
5,000

Other financial assets
Other non-current assets

420
5585
24940
48

Deferred tax assets

35

89

65

Total non-current assets

807

2,434

8,658

4,810

7,943

23,905

1,604

2,045

4,632

240
0777
156

7,380
374

Accrued income taxes
Other current liabilities

134
275

195
373

76
3,275

Total current liabilities

2,255

3,548

15,739

87

622

2,394

Other financial liabilities
Provisions

102
3

81
3

17
3

Deferred tax liabilities
Other non-current liabilities

––

130
19

532
37

Total non-current liabilities

193

857

2,986

2,448

4,406

18,725

1,019

1,031

1,067

824
291

845
964

2,107
1,380

130

295

300

2,266

3,136

4,856

94

400

323

2,361

3,537

5,179

4,810

7,943

23,905

Total assets
Liabilities and equity
Liabilities
Current liabilities
Operating payable and other operating
payableInterest-bearing debt
Other financial liabilities

Non-current liabilities
Interest-bearing debt

Total liabilities
EquityCapital stock
Share premium
Retained earnings
Other items of equity
Total equity attributable to owners ofparent
Non-controlling interests
Total equity
Total liabilities and equity2(2) Summary Consolidated Statement of Income
For the Nine-month Period(Millions of yen)
Nine months ended June 30, 2017
(Oct. 1, 2016 – June 30, 2017)

Nine months ended June 30, 2018
(Oct. 1, 2017 – June 30, 2018)

3,968

6,340

Cost of sales

635

2,360

Gross profit

3,332

3,980

2,812

4,380

Share of loss (profit) of entities

8

1,447

Other income

26

Other expenses

38

15

Operating income

492

1,037

Finance income

21

13

Finance costs

1825

Profit before income taxes

494

1,026

Corporate income tax expenses

125

309

Profit369

716

owners of parent

297

612

Non-controlling interests

72

104

369

716

Profit per share

17.77

35.35

Fully diluted profit per share

16.82

34.10

Net sales

Selling, general and administrative expense

Profit attributable toProfit

Profit per share3(3) Summary Consolidated Statement of Comprehensive Income
For the Nine-month Period(Millions of yen)
Nine months ended June 30, 2017
(Oct. 1, 2016 – June 30, 2017)

Nine months ended June 30, 2018
(Oct. 1, 2017 – June 30, 2018)

369

716

02

02

Translation adjustments of foreign operations

17(10)Cash flow hedge

3020(10)

Total other comprehensive income20(7)Comprehensive income

390

709

Owners of parent309

610

Non-controlling interests

8098

Comprehensive income

390

709

ProfitOther comprehensive income
Items that will not be reclassified to profit or loss
Gains and losses from financial assets
measured at fair value
Total of items that will not be reclassified toprofit or loss
Items that may be reclassified as profit or loss

Total of items that may be reclassified as profitor loss

Comprehensive income attributable to4

2. Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumptions)Not applicable.

(Segment information, etc.)(1) Information related to segment revenues and financial results
Nine months ended June 30, 2017 (Oct. 1, 2016 – Jun. 30, 2017)(Millions of yen)
Reportable segment
Online Travel IT Offshore
AgencyDevelopBusinessment BusinessNet sales
Segment profits(losses)

Investment
Business

Total

Other(Note 1)

Total

Total on aAdjustment
consolidated(Note 2)
basis

2,918

1,131－

4,049

1

4,051-82

3,968

741

124

8874-0874-382492(Note 1)

The category “Other” includes advertising revenue and other business(Note 2)The category “Adjustment” mainly includes the corporate expenses and intersegment transactions that are notattributable to the reportable segments.

(Note 3)The segment profit or loss has been adjusted to the operating income stated in the quarterly consolidated statementof income.

Nine months ended June 30, 2018 (Oct. 1, 2017 – Jun. 30, 2018)(Millions of yen)
Reportable segment
Online Travel IT Offshore
AgencyDevelopBusinessment Business

Investment
Business

Total

Other(Note 1)

Total

Total on a
Adjustment
consolidated(Note 2)basis

Net sales

4,641

1,732

101

6,475

0

6,475

-135

6,340

Segment profits(losses)

-178

135

1,422

1,38001,380-342

1,037(Note 1)
(Note 2)The category “Other” includes advertising revenue and other business
The category “Adjustment” mainly includes the corporate expenses and intersegment transactions that are not(Note 3)

attributable to the reportable segments.
The segment profit or loss has been adjusted to the operating income stated in the quarterly consolidated statementof income.

(2) Matters regarding change of reportable segments
The Company launched the Investment business in the previous consolidated fiscal year, and the reportable segments werechanged from the Online Travel Agency Business, the IT Offshore Development Business, and Other Businesses to the Online
Travel Agency Business, the IT Offshore Development Business, and the Investment Business.

(Significant changes in the amount of goodwill)
Goodwill arose in the Online Travel Agency Business through the acquisition of shares of consolidated
subsidiary N's Enterprise Co., Ltd., Ltd., EA1 Corp., Destination Japan Inc. and Airtrip Corp. The amounts ofgoodwill that arose as a result of these events is 997 million yen, 237 million yen, 393 million yen and 2,628
million yen respectively. The amounts of goodwill are provisional as the allocation of acquisition costs has yet tobe completed.

5