Feb. 13, 2013

Brief Financial Report for the Third Quarter Ending March 2013
[Based on Japanese Accounting Standards] (Consolidated)
Listed Company: PIOLAX Inc.
Code No.:

5988

Representative:(URL

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

President

Contact person in charge:

Yukihiko Shimazu
Accounting Group Leader

Management & Planning Dept.

Shinichi Gohara(Phone045-731-1211)

Estimated submission date of quarterly report: February 14, 2013
Date scheduled to start dividend payment:-Preparation of supplementary materials for quarterly financial results:
Information meeting for quarterly financial results to be held:

NoNo(Amounts are rounded to the nearest million yen.)

1. Consolidated performance for the third quarter ending March 31, 2013 (April 1, 2012 to December 31, 2012)(1) Consolidated business results (Total sum)

(Percentage changes from the same period of the previous year.)Net sales

Ordinary income

Quarter net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

37,26834,439

8.2
0.7

4,479
3,590

24.8
-12.6

4,966
3,984

24.6
-13.9

3,259
2,627

24.0
-8.6

FY3/13 3Q
FY3/12 3Q

Note:

Operating income

Comprehensive income

FY3/13 3Q

3,344 million yen (78.1%), FY 3/12 3Q

Quarter net income
per share
FY3/13 3Q
FY3/12 3Q

1,877 million yen (-17.9%)

Quarter net income
per share-diluted

YenYen262.06209.25-(2) Consolidate financial position
Total assets

FY3/13 3Q

Equity capital ratio

Millions of yen%

61,197
58,15152,00049,07984.2
83.7

FY3/13 3Q
FY3/12(Reference) Equity capital:

Net assets

Millions of yen

51,529 million yen, FY 3/1248,676 million yen

2. Cash dividends
Annual dividends
End of first quarterEnd of second quarterEnd of third quarter

Term end

Full year

YenYenYen

YenYen-

15.00
17.50

-

17.50

32.50

-

17.50

35.00

FY3/12
FY3/13
FY3/13 (Forecast)

Note: Changes in the latest forecasts released: No

3. Forecast consolidated performance for the year ending March 31, 2013 (April 1, 2012 to March 31, 2013)(Percentage changes from the same period of the previous year.)Net sales

AnnualOperating income

Ordinary income

Net income
per share

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%Yen

49,000

5.4

5,300

12.7

5,700

10.0

3,600

5.7

289.42

Note: Changes in the latest forecasts released: No-1-PIOLAX Inc. (5988) Brief Financial Report for the Third Quarter Ending March 2013

3. [Quarterly consolidated financial statement](1) Quarterly consolidated balance sheet(Millions of Yen)

Previous consolidated FY

Current second quarter(March 31, 2012)(December 31, 2012)

AssetsCurrent assets
Cash and cash equivalents

11,91313,060Notes and accounts receivable-trade

11,87911,761

187

187

Goods and Finished products

2,7103,090

Material in progress

1,277

1,305

Raw materials and inventory goods

1,087

1,199

Other

1,736

1,839

Marketable securities

-32

-40

30,76032,402

Buildings and structures (net)

4,042

4,078

Machinery equipment and vehicles (net)

4,369

5,083

Tools, furniture and fixture (net)

1,325

1,371

Land

4,699

4,703

Allowance for bad loans
Total current assets
Fixed assets
Tangible fixed assets

Lease asset (net)26

44

Construction in progress

985

1,067

15,44816,348

Total tangible fixed assets
Intangible fixed assets-0

Other397

506

Total intangible fixed assets

397506

Investment account securities

10,48010,844

Other

1,065

1,096

Goodwill

Investments and other assets-0-0

11,545

11,940Total fixed assets

27,391

28,795

Total assets

58,151

61,197

Allowance for bad loans
Total investments and other assets-2-PIOLAX Inc. (5988) Brief Financial Report for the Third Quarter Ending March 2013

(Millions of Yen)

Previous consolidated FY

Current third quarter(March 31, 2012)(December 31, 2012)

Liabilities
Current liabilities
Accounts payable-trade

2,567

2,420

Short-term borrowings

353

530

Accrued income taxes

731

739

Allowance reserve

718

362

Other

2,576

2,885

Total current liabilities

6,947

6,938

Allowance reserve

7195

Asset removal liabilities

1818

Negative goodwill

0-

Other

2,034

2,144

Total long-term liabilities

2,124

2,258

9,072

9,197

Common stock

2,960

2,960

Capital surplus

2,696

2,696

Retained earnings

46,004

48,828Long-term liabilities

Total liabilities
Total equity
EquityTreasury stock
Total shareholders’ equity

-710

-710

50,951

53,775

Accumulated other comprehensive income

608

573

Foreign currency translation adjustments-2,883-2,820Total accumulated other comprehensive income-2,274-2,246

Unrealized gain on available-for-sale securities

402

471

Total equity

49,07952,000Total liabilities and equity

58,151

61,197

Minority interests in consolidated subsidiaries-3-

PIOLAX Inc. (5988) Brief Financial Report for the Third Quarter Ending March 2013

(2) Consolidated Statements of (Comprehensive) Income(Consolidated Statements of Income)[FY2013 third quarter](Millions of Yen)

Previous third quarter

Current third quarter(April 1, 2011 to December 31, 2011)(April 1, 2012 to December 31, 2012)

Net sales

34,43937,268

Cost of sales

25,841

27,386Gross profit

8,598

9,882

Selling, general and administrative expenses

5,008

5,402

Operating income

3,590

4,479

Interest income

1618

Dividend income

2125

Equity method investment gain

316445

Other

113

96

Total non-operating income

467

585

1018

Non-operating income

Non-operating expenses
Interest expense
Loss on valuation of derivative-33

Loss on disposal of property and equipment810

Foreign exchange loss

29

22

Other

24

14

Total non-operating expenses

73

99

3,984

4,966

11-

Ordinary income
Special losses
Provision of reserve for disaster loss
Disaster loss

0-

Total special losses

11-

Quarterly net income before taxes and other adjustments

3,973

4,966

Corporate taxes

1,312

1,661

Quarterly net income before minority interests

2,660

3,304

Minority interests in income
Quarterly net income

-4-

32

45

2,627

3,259