May 10, 2013

Brief Financial Report for the Year Ended March 31, 2013
[Based on Japanese Accounting Standards] (Consolidated)
Listed Company Name:PIOLAX Inc.

Listing Exchanges:

Code No.:

5988

URL:

Representative:

President Yukihiko Shimazu

Contact:

Accounting Group Leader

Date scheduled for general meeting of shareholders:Management & Planning Dept.
June 27, 2013

Date scheduled to submit asset securities report: June 28, 2013
Preparation of supplementary materials for quarterly financial results:
Information meeting for financial results to be held:

Tokyo Stock Exchange (First Section)

http://www.piolax.co.jp
Phone:

045-731-1211

Date scheduled to start dividend payment:

Shinichi Gohara

June 28, 2013

None

Yes (For institutional investor and investment analyst)(Amounts are rounded to the nearest million yen.)

1. Consolidated performance for the year ended March 31, 2013 (April 1, 2012 to March 31, 2013)(1) Consolidated business results(Percentage changes from previous period.)

Net sales

Ordinary income

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

48,47646,500

4.2
3.7

5,189
4,701

10.4-3.9

5,776
5,182

11.5-7.93,757
3,404

10.4-3.9

FY3/13
FY3/12(Note)

Operating income

Comprehensive income

FY3/135,710 million yen (90.8%)

Net income pershare-diluted

Net income per share

FY3/13
FY3/12

FY3/12

2,993 million yen (11.6%)

Net income totreasury shares

Ordinary income
to total assets

Operating income
to net sales

YenYen%%%302.05271.61

-7.3
7.2

9.4
9.1

10.7
10.1

(Reference) Investment profit (loss) arising from equity method

FY3/13478 million yen

FY3/12386 million yen(2) Consolidated financial position
Total assets

Equity capital ratio

Net assets per share

Millions of yen％

Yen

64,10958,151

54,34549,07984.0
83.7

4,327.01
3,913.34

FY3/13
FY3/12(Reference) Shareholders’ equity

Net assets

Millions of yen

FY3/1353,822 million yen

FY3/12

48,676 million yen(3) Consolidated cash flows
Net cash flows fromoperating activities

Net cash flows frominvesting activities

Net cash flows fromfinancing activities

Cash and cash equivalents
at ending of the term

Millions of yen

Millions of yen

Millions of yen

Millions of yen

7,220
3,690-4,150-4,092-258-472

15,04912,080FY3/13
FY3/12

2. Dividends
Annual dividends(Record date)
FY3/12
FY3/13
FY3/14 (forecast)End of firstquarter
Yen

End of secondquarter
Yen

End of thirdquarter
Yen-

15.00
17.50
17.50

-(Note) Breakdown of the term-end dividends (FY3/13)

Ordinary dividend

Term end

Full year

Total dividend
amount(annual)

Payout ratio(consolidated)

Dividend on
net assets(consolidated)

Yen

Yen

Millions of yen%%

17.50
27.50
17.50

32.50
45.00
35.00

417
577

12.014.9
11.5

0.9
2.1

17.50 Yen

Commemorative dividend

10.00 Yen

3. Consolidated performance forecast for the year ending March 31, 2014 (April 1, 2013 to March 31, 2014)(Percentage changes from previous period, and changes from the previous first half term for the same term)

Net salesFirst half (total sum)
AnnualOperating income

Ordinary income

Net income
per share

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

24,80050,600

-1.8
4.4

2,400
5,300

-23.8
2.1

2,600
5,800

-25.8
0.4

1,800
3,800

-21.01.1

144.71305.50-1-PIOLAX Inc. (5988) Brief Financial Report for the year ended March 31, 2013

4. Consolidated financial statement(1) Consolidated balance sheet(Millions of yen)

FY 2011(As of March 31, 2012)

FY 2012(As of March 31, 2013)

AssetsCurrent assets

11,913

Cash and cash equivalents*5Notes and accounts receivable-trade

11,87914,881*5

10,626

187

187

Goods and finished products

2,710

3,264

Material in progress

1,277

1,245

Raw materials and inventory goods

1,087

1,341

Marketable securities

Deferred income taxes

578708Other current assets

1,157

1,368

-32

-38

30,76033,584

10,424

11,196

Accumulated depreciation-6,382-6,797

Buildings and structures (net)

4,042

4,398

Machinery equipment, and vehicles

16,55818,789-12,189-13,350

4,369

5,438

Allowance for bad loans
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures

Accumulated depreciation
Machinery equipment and vehicles (net)
Tools, furniture and fixture
Accumulated depreciation
Tools, furniture and fixture (net)Land
Lease asset
Accumulated depreciation

24,41024,592-23,084-23,222

1,325

1,369

4,699

4,722

80

113-54-32

Lease asset (net)

2680

Construction in progress

985

1,497

15,44817,507

Total tangible fixed assets
Intangible fixed assets*4-

Goodwill

0

20

Other

395

608

Total intangible fixed assets

397

609

Lease asset

Investments and other assets*1

Investment securities
Deferred income taxes
Other assets
Allowance for bad loans
Total investments and other assets
Total fixed assets
Total assets-2-10,480*1

11,281

58

49

1,006

1,076

-0-0

11,545

12,40827,391

30,524

58,15164,109

PIOLAX Inc. (5988) Brief Financial Report for the year ended March 31, 2013
(Millions of yen)

FY 2011(As of March 31, 2012)

FY 2012(As of March 31, 2013)

Liabilities
Current liabilities
Accounts payable-trade

2,567

2,127

Short-term borrowings

353

625

Lease obligation

1014

Accrued income taxes

731

882

Accrued bonuses to employees

710

730

Accrued bonuses to directors

51

Reserve for disaster loss

2-

Reserve for environmental measures-73

Other current liabilities

2,566

2,815

Total current liabilities

6,947

7,271

Long-term liabilities

931

1,579

1,886

Accrued retirement allowances

71113

Asset removal liabilities

1818

Lease obligation
Deferred tax liabilities

*40-

444

442

2,124

2,492

9,072

9,763

Common stock

2,960

2,960

Capital surplus

2,696

2,696

Retained earnings

46,00449,325

Negative goodwill
Other long-term liabilities
Total long-term fixed liabilities
Total liabilities
Total equity
EquityTreasury stock
Total shareholders’ equity

-710

-710

50,951

54,273608

863-2,883-1,314-2,274-451

Accumulated other comprehensive income
Valuation difference on available-for-sale
Foreign currency translation adjustments

Total accumulated other comprehensive income

Minority interests in consolidated subsidiaries
Total equity
Total liabilities and equity-3-402523

49,07954,34558,15164,109

PIOLAX Inc. (5988) Brief Financial Report for the year ended March 31, 2013
(Millions of yen)

(2) Consolidated statements of income and Consolidated comprehensive income(Consolidated statements of income)
FY 2011(April 1, 2011 to March 31, 2012)

FY 2012(April 1, 2012 to March 31, 2013)

46,500Net sales*2

Cost of sales*335,012

48,476*2*3

11,487Gross profit*1

Selling, general and administrative expenses
Operating income

6,785

36,044
12,432

*1

7,243

4,701

5,189

24

23

Non-operating income
Interest income
Dividend income

2126

Equity method investment gain

386

478

Other

173

130

Total non-operating income

606

659

Interest expense

1519

Loss on valuation of derivative

137

Loss on disposal of property and equipment

2317

Exchange losses

38-

Leases98

Other24

18

Non-operating expenses

Total non-operating expenses
Ordinary income

12571

5,182

5,776

Specials losses
Provision of reserve for disaster loss

2-

Disaster loss

14--

Provision of reserve for environmental measures

*473

1673

Net income before taxes and other adjustments

5,165

5,703

Corporate taxes

1,694

1,765

Income taxes-deferred

32134

Total corporate taxes

1,726

1,899

Net income before minority interests in income or loss ofminority shareholders adjustments

3,439

3,803

Total special losses

Minority interests in income of minority shareholders
Current net income-4-35

46

3,404

3,757