【Updated】】Summary of Consolidated Financial Statements
for Fiscal Year Ended March 31, 2016 (Japan GAAP)May 12, 2016
Listed Exchanges: TSE
Name of Listed Company: Ishihara Sangyo Kaisha, Ltd.
Code:
4028
URL http://www.iskweb.co.jp/
Representative:(Title) President(Name) Kenichi Tanaka
Contact:(Title) Director(Name) Yoshinari Terakawa
Scheduled date of a general meeting of shareholders: June 29, 2016
Scheduled date of securities report submission: June 30, 2016
Scheduled date of dividend payment commencement: —Tel +81-6-6444-1850(Any amount less than one million yen is rounded down to the nearest million yen or nil.)
1. Consolidated Financial Results for Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 2016)(1) Consolidated Operating Results(Percentages represent changes from same period in previous year.)
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
millions of yen% millions of yen% millions of yen% millions of yen%
FY ended March 31, 2016
102,903
-0.4
8,314
-25.1
7,009
-38.7
9,151
37.4
FY ended March 31, 2015
103,330-1.9
11,104265.4
11,435
340.8
6,661

(Reference) Comprehensive income
FY ended March 31, 2016: 8,159 million yen (20.0 %), FY ended March 31, 2015: 6,797 million yen (%)Ratio of ordinary
Ratio of operating
Net income per Net income per share
Return on equity
income to total assets income to net sales
share
after full dilution
Yen
Yen
%
%
%
FY ended March 31, 2016
22.88
16.7
4.2
8.1

FY ended March 31, 2015
16.65
14.0
6.9
10.7

(Reference) Equity in earnings (losses) of affiliates:
FY ended March 31, 2016:114 million yen, FY ended March 31, 2015: 56 million yen(2) Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
millions of yen
Millions of yen%
Yen
FY ended March 31, 2016
163,056
58,93336.1
147.40FY ended March 31, 2015
167,662
50,77930.3
126.99(Reference) Equity capital: FY ended March 31, 2016: 58,933 million yen, FY ended March 31, 2015:50,779 million yen(3) Consolidated Cash Flows
Cash flow from operating Cash flow from investing Cash flow from financing Balance of cash and cash
activities
activities
activities
equivalents at period end
millions of yen
millions of yen
millions of yen
millions of yen
FY ended March 31, 2016
10,2689,656-11,920
29,208FY ended March 31, 2015
6,351
-3,214771
21,281
2. Dividends
Dividends per share(Record date)June 30(Q1-end)

September 30(Q2-end)December 31(Q3-end)

Yen

Yen

Yen
Year ended March 31, 2015
Year ended March 31, 2016
Year ending March 31, 2017
(Forecast)March 31
(Year-end)

Total
Dividend
dividends paid payout ratio
Annual(annual)(consolidated)

Yen

Yen




0.00
0.00




0.00
0.00

0.00
0.00



0.00



0.00

0.00

millions ofyen

Ratio ofdividends to
net assets(consolidated)

%



%





3. Forecast for Consolidated Results for the Full Year Ending March 31, 2017 (April 1, 2016 - March 31, 2017)(Percentages represent forecasted changes from the previous year for the full year results, andforecasted changes from the same period in the previous year for the interim results.)

Net salesInterim (First 2Qs)
Full year

millionsof yen49,00099,000Operating income
%
-7.3
-3.8

millionsof yen-1,0003,500

Profit attributable toEarnings per shareowners of parent
millions%%Yenof yen-3,300
-8.25


-75.7
800
-91.3
2.00

Ordinary income
%


-57.9

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-1-

millionsof yen-2,8001,700

4. Other information(1) Significant changes in subsidiaries during the period(changes in specified subsidiaries resulting in the change in consolidation scope): No change(2) Changes in accounting principles, procedures, and the method of presentation
1) Changes due to revisions of accounting standards etc.
: Adopted
2) Changes other than those defined in 1) above: Not adopted
3) Changes in accounting estimates: Not adopted
4) Restatement: Not adopted(3) Issued shares (common shares)
1) Issued shares as of period-end (including repurchased treasury shares)
FY ended March 31, 2016: 403,839,431 shares
FY ended March 31, 2015: 403,839,431 shares
2) Number of shares of treasury stock as of period-end
FY ended March 31, 2016: 4,019,665 shares
FY ended March 31, 2015: 3,973,012 shares
3) Average number of outstanding shares during period
FY ended March 31, 2016: 399,842,352 shares
FY ended March 31, 2015: 399,901,217 shares(Reference) Summary of Non-Consolidated Operating Results
1. Non-Consolidated Financial Results for Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 2016)(1) Non-Consolidated Operating Results(Percentages represent changes from same period in previous year.)Net sales
Operating income
Ordinary income
Net income
millions of yen% millions of yen% millions of yen% millions of yen%
FY ended March 31, 2016
76,785
-3.2
4,327
-38.0
3,096
-51.3
-362

FY ended March 31, 2015
79,306
-5.1
6,973
101.8
6,364
70.2
1,913

Net income per shareafter full dilution
Yen
Yen
-0.90

4.78


Net income per share
FY ended March 31, 2016
FY ended March 31, 2015

(2) Non-Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
millions of yen
millions of yen%
Yen
FY ended March 31, 2016
145,290
49,69434.2
124.29FY ended March 31, 2015
157,81450,30431.9
125.80(Reference) Equity capital: FY ended March 31, 2016: 49,694 million yen, FY ended March 31, 2015: 50,304 million yen
2. Forecast for Non-Consolidated Financial Results for Fiscal Year Ending March 31, 2017 (April 1, 2016 to March 31, 2017)(Percentages represent forecasted changes from the previous year for the full year results, andforecasted changes from the same period in the previous year for the interim results.)

Full year

Net sales
millionsof yen74,000%-3.6

Operating income
millions%of yen1,400-67.6

Ordinary income
millions%of yen300-90.3

Net income
Earnings per share
millions%Yenof yen00.00
*Status of a quarterly review
This financial summary does not need to undergo a review under the Financial Instruments and Exchange Act.
The consolidated financial statements under the Financial Instruments and Exchange Act have not been reviewed at the time of theannouncement of this financial summary.
* Notes on proper use of forecast and other matters
The forecast of financial results presented in this document is the result of management’s assessment based upon currently available assumptions,prospects and plans for the future. Actual results and dividend payments may differ from these forecasts, due to risks and uncertain factors, such as theglobal economy, competition, and foreign currency fluctuations.

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-2-

5. Consolidated Financial Statements(1) Consolidated Balance Sheet
Account Category(Unit: millions of yen)
Current consolidated FY(March 31, 2016)

Previous consolidated FY(March 31, 2015 )ASSETS
Current Assets
Cash and deposits
Notes and accounts receivable – trade21,471
29,05929,39825,225Merchandise and finished goods

31,86934,317Work in process
Raw materials and supplies

4,149
17,357

3,907
14,845

Deferred tax assets
Other

2,276
1,485

1,107
1,876

Allowance for doubtful accounts

-188

-184

107,480

110,494

49,38535,366

Accumulated depreciation-32,017-23,699

Buildings and structures, net

17,368

11,667

Machinery, equipment and vehicles

Total current assets
Noncurrent Assets
Property, plant and equipment
Buildings and structures

109,451

108,982

Accumulated depreciation-91,169-91,455

Machinery, equipment and vehicles, net

18,282

17,527

5,767
3,498

5,410
3,298

Accumulated depreciation-2,127-1,933

Leased assets, net

1,370

1,365

Construction in progress
Other

1,126
4,170

2,129
3,951

-3,561-3,317609

633

44,52538,733Land
Leased assets

Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible asset
Leased assets

6

11

Other

140

211

Total intangible assets

147

223

Investment securities

3,729

3,331

Deferred tax assets
Net defined benefit asset

8,788
14

8,016
16

Other

3,071

2,433

Investments and other assets

Allowance for doubtful accounts

-94

-193

Total investments and other assets

15,50813,605

Total non-current assets

60,181

52,562

Total Assets

167,662

163,056* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-3-

Account Category

Previous consolidated FY(March 31, 2015)

Current consolidated FY(March 31, 2016)

12,40915,40010,341
13,85816,072280

14,092
280

548

510

747
4,345

571
4,480

670

627

33
2,458

25

LIABILITIESCurrent Liabilities
Notes and accounts payable – trade
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Lease obligations
Income taxes payable
Accrued expenses
Provision for bonuses
Provision for sales returns
Reserve for loss from Ferosilt removal
Provision for environment and safety improvement

25


797

Provision for repairs



223

Provision for loss on liquidation of subsidiaries andassociates

323

24

Other

3,577

3,891

Total current liabilities

56,892

49,725

Non-current Liabilities
Bonds payable
Long-term loans payable
Lease obligations
Provision for environment and safety improvement
Provision for repairs
Net defined benefit liability
Asset retirement obligations
Liabilities from application of equity method

840

560

42,447896

35,167
935

807

1,086

82
12,084


12,957

840
683

827
669

Other

1,308

2,193

Total non-current liabilities

59,99054,396

116,882

104,122

43,42010,62643,42010,626-1,662

7,489

-697

-702

51,687

60,834513

243

0-1,023

-1,363-398-780

Total Liabilities
NET ASSETS
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income-907-1,900Total net assets

50,77958,933

Total Liabilities and Net Assets

167,662

163,056* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-4-

(2) Consolidated Statements of Income

Account Category
Net sales

Previous consolidated FY(April 1, 2014 toMarch 31, 2015)
103,330(Unit: millions of yen)
Current consolidated FY(April 1, 2015 toMarch 31, 2016)
102,903

Cost of sales

68,85571,534Gross profit

34,47431,369Selling, general and administrative expenses

23,36923,054

Operating income

11,104

8,314

42
151

32
102

Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method

56

114

1,691



758


844

Gain on sales of raw materials
Other


93
234

197
209

Total non-operating income

3,028

1,500

Foreign exchange gains
Reversal of provision for loss on liquidation of subsidiaries
and affiliates
Gain on reversal of provision for loss on Felosilt removal

Non-operating expenses
Interest expenses

1,562

1,397

Retirement benefit expenses

356

Foreign exchange losses


779

577

Other
Total non-operating expenses

829

2,697

2,805

11,435

7,009

Gain on sales of non-current assets



7,316

Gain on distribution of residual assets

312

Other

33


16

Total extraordinary income

345

7,333

285

376

Impairment loss

85

716

Provision of allowance for environment and safety
improvement

251

1,185

Ordinary income
Extraordinary income

Extraordinary losses
Loss on disposal of non-current assets

Other

39

18

Total extraordinary losses

662

2,297

Income before income taxes

11,11912,045

Income taxes – current

860

745

Income taxes – deferred

3,596

2,148

Total income taxes

4,457

2,894

Net income

6,661

9,151

Profit attributable to owners of parent

6,661

9,151

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-5-

(Consolidated Comprehensive Income Statement)
Previous consolidated FY(April 1, 2014 toMarch 31, 2015)
6,661(Unit: millions of yen)
Current consolidated FY(April 1, 2015 toMarch 31, 2016)
9,151

Valuation difference on available-for-sale securities

194

-268

Deferred gains or losses on hedges

26

-0

-519
462

-359
-382

-29

17

135

-992

Comprehensive income

6,797

8,159

(Comprehensive income attributable to)Comprehensive income attributable to owners of parent

6,797

8,159

Account Category
Net income
Other comprehensive income

Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-6-

(3) Statement of Changes in Net Assets
Previous consolidated FY (April 1, 2014 to March 31, 2015)(Unit: millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current period

Capitalsurplus43,420Retainedearnings

10,626

Cumulative effects of changes in accounting
policies-7,613

TreasurysharesTotal shareholders'equity-691

45,742-710

Restated balance

43,42010,626-8,324-710-691

45,031

Changes of items during period
Profit attributable to owners of parent

6,661

Purchase of treasury shares
Disposal of treasury shares

0

6,661
-6

-6

0

0

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period



0

6,661

-6

6,655

43,42010,626-1,662-697

51,687

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at
beginning ofcurrent period

318

Deferred
gains orlosses onhedges-26

Foreigncurrencytranslation
adjustment

Remeasurements ofdefined benefit plans

Total
accumulated
othercomprehensive
income-474-860-1,043Cumulative effects
of changes inaccounting policies
Restated balance

Total net assets

44,699

-710
318

-26

-474

-860

-1,04343,988Changes of
items during
periodProfit attributable to6,661

owners of parent
Purchase ofTreasury shares-6

Disposal oftreasury shares0

Net changesof items otherthanshareholders'equity

194

26

-548

462

135

135

Total changesof items
during period

194

26

-548

462

135

6,790

Balance at
end of current
period513

0-1,023-398-907

50,779* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-7-

Current consolidated FY (April 1, 2015 to March 31, 2016)(Unit: millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current period

CapitalsurplusRetainedearnings

TreasurysharesTotal shareholders'equity43,42010,626-1,662-697

51,68743,42010,626-1,662-697

51,687

Cumulative effects of changes in accounting
policies
Restated balance
Changes of items during period
Profit attributable to owners of parent

9,151

Purchase of treasury shares
Disposal of treasury shares

0

9,151
-5

-5

0

0

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period



0

9,151

-5

9,146

43,42010,626

7,489

-702

60,834Foreigncurrencytranslation
adjustment

Remeasurements ofdefined benefit plans

Total
accumulated
othercomprehensive
incomeAccumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at
beginning ofcurrent period

Deferred
gains orlosses onhedgesTotal net assets

513

0-1,023-398-907

50,779513

0-1,023-398-907

50,779Cumulative effects
of changes inaccounting policies
Restated balance
Changes of
items during
periodProfit attributable toowners of parent

9,151

Purchase oftreasury shares-5

Disposal oftreasury shares0

Net changesof items otherthanshareholders'equity

-269

-0

-340

-382

-992

-992

Total changesof items
during period

-269

-0

-340

-382

-992

8,154

Balance at
end of current
period243-1,363-780-1,90058,933* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-8-

(4) Statement of Consolidated Cash Flows

Account Category(Unit: millions of yen)Previous consolidated FY Current consolidated FY(April 1, 2014 to(April 1, 2015 toMarch 31, 2015)
March 31, 2016)

Cash flows from operating activities
Income before income taxes

11,11912,045

Depreciation and amortization

5,560

5,349

Impairment loss

85

716

Increase (decrease) in allowance for doubtful accounts

6

94

912

356

-2,310-2,458-1,989

-287

254

1,050

81

91

Interest and dividend income

-194

-134

Interest expenses

1,562

1,397

Foreign exchange losses (gains)

Increase (decrease) in net defined benefit liability
Increase (decrease) in reserve for loss from Ferosilt removal
Increase (decrease) in provision for loss on liquidation ofsubsidiaries and associates
Increase (decrease) in provision for environment and safety
improvement
Increase (decrease) in other provision-1,151

368

Share of (profit) loss of entities accounted for using equity
Method34-25

Loss (gain) on disposal of noncurrent assets

150-7,106

Decrease (increase) in notes and accounts receivable-trade-2,822

3,286

Decrease (increase) in inventories-1,622

-746

277

-286

-1,338-1,513

Increase (decrease) in other current liabilities

217

273

Other

-378

6

Subtotal

8,453

12,477

Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable-trade

Interest and dividends income received

147

119

-1,623-1,44095

77

Income taxes paid

-722

-965

Cash flows from operating activities

6,351

10,268Interest expenses paid
Proceeds from insurance income* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-9-

Previous consolidated FY(April 1, 2014 toMarch 31, 2015)(Unit: millions of yen)
Current consolidated FY(April 1, 2015 toMarch 31, 2016)

Payments into time deposits-0Proceeds from withdrawal of time deposits490



-4,646-3,54272

13,317

Payments of loans receivable

-207

-375

Collection of loans receivable

190

266

Gain on distribution of residual assets

471

40

Others416-50-3,214

9,656

Account Category
Cash flows from investing activities

Purchase of non-current assets
Proceeds from sales of non-current assets

Cash flows from investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Redemption of bonds
Repayments of lease obligations
Repayments of installment payables
Proceeds from deposits received
Repayment of deposits payable-1,120-1,542

18,263

7,150-15,634-280-16,409
-280

-662

-568


2,286

-17
1,779

-2,073-2,027

Net decrease (increase) in treasury shares-6-5

Cash flows from financing activities771-11,920

Effect of exchange rate change on cash and cash equivalents

187

-77

Net increase (decrease) in cash and cash equivalents

4,095

7,927

Cash and cash equivalents at beginning of period

17,18521,281

Cash and cash equivalents at end of period

21,281

29,208* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-10-

(Segment Information)
1. Business Segment Information
Previous consolidated fiscal year (April 1, 2014 to March 31, 2015)
Inorganic
Chemicals

Organic
Chemicals(Unit: millions of yen)

Other
Businesses

Total

Adjustments(Note 1)

Amount reported
on consolidated
financialstatements(Note 2)

Net sales
Sales to outside
customers
Internal sales ortransfers among
segments
Total
Segment profit
Segment assets
Other elements
Depreciation/amortization expenses
Impairment loss
Increase in tangible
and intangible Fixed
Assets51,342

49,0302,957

103,330



103,330





2,026

2,026

-2,026



51,342
5,894
73,142

49,0306,698
56,998

4,983
151
2,572

105,356
12,744
132,714-2,026-1,63934,948103,330
11,104
167,662

3,494

1,014

62

4,571

185

4,757

85





85



85

2,282

627

43

2,953

137

3,090

(Note) 1. Adjustments include the following items:(1) “Adjustments in segment profit” (− 1,639 million) includes elimination of transactions between segments ( 164 million) andcorporate expenses not allocated to reporting segments (− 1,804 million). Corporate expenses mainly comprise general expenses notallocable to reporting segments.
(2) “Adjustments in segment assets” ( 34,948million) includes offsetting of receivables and payables between segments (− 826 million)
and corporate assets not allocated to reporting units ( 35,774 million). Corporate assets mainly comprise surplus funds (cash andsecurities), long-term investments (investment securities) and assets of administrative departments, all held by the parent company andnot allocable to reporting segments.
2. Segment profits are adjusted with the operating profit reported on the consolidated profit and loss statement.

￥

￥

￥

￥

￥

￥

Current consolidated fiscal year (April 1, 2015 to March 31, 2016)
Inorganic
Chemicals

Organic
Chemicals(Unit: millions of yen)
Other
Businesses

Total

Adjustments(Note 1)

Amount reported
on consolidated
financialstatements(Note 2)

Net sales
Sales to outside
customers
Internal sales ortransfers among
segments
Total
Segment profit
Segment assets
Other elements
Depreciation/amortization expenses
Impairment loss
Increase in tangible
and intangible Fixed
Assets49,92249,508

3,472

102,903102,903





2,961

2,961

-2,961



49,922
2,568
68,87549,508
7,238
56,668

6,434
394
3,120

105,865
10,200128,664-2,961-1,88534,391

102,903
8,314
163,056

3,321

966

58

4,345

112

4,458



682

6

688

27

716

3,742

781

20

4,545

109

4,654

(Notes) 1. Adjustments include the following items:(1) “Adjustments in segment profit” (− 1,885 million) includes elimination of transactions between segments ( 70 million) andcorporate expenses not allocated to reporting segments (− 1,956 million). Corporate expenses mainly comprise general expenses
not allocable to reporting segments.
(2) “Adjustments in segment assets” ( 34,391 million) includes offsetting of receivables and payables between segments (− 714
million) and corporate assets not allocated to reporting units ( 35,106 million). Corporate assets mainly comprise surplus funds(cash and securities), long-term investments (investment securities) and assets of administrative departments, all held by the parent
company and not allocable to reporting segments.
2. Segment profits are adjusted with the operating profit reported on the consolidated profit and loss statement.

￥

￥

￥

￥

￥

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation

-11-

￥

【Related information】

Previous consolidated fiscal year (April 1, 2014 to March 31, 2015)
1. Information by product and service
Disclosure of this information is omitted since its classification is identical with the classification of reporting segments.

2. Geographical information(1) Net sales by region(Unit: millions of yen)
Japan

Asia
58,802(Notes)Americas17,511

Europe12,945

Other

Total

21,643

428

103,330

1. Net sales by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries andregions included in each geographic segment are as follows, excluding Japan:(1) Asia: China, Taiwan, South Korea, Thailand, Indonesia, and Singapore(2) Americas: United States, Canada, Brazil, Argentina, and Mexico(3) Europe: Germany, Netherlands, France, the United Kingdom, Belgium, Italy, and Eastern Europe, plus the Middle
East(4) Other: Australia, New Zealand, and Africa(2) Tangible fixed assets(Unit: millions of yen)
Japan

Asia
43,518(Notes)Americas149

Europe

Total

815

40

44,525

1. Tangible fixed assets by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries and regions
included in each geographic segment are as follows, excluding Japan:(1) Asia: Taiwan(2) Americas: United States(3) Europe: Belgium

Current consolidated fiscal year (April 1, 2015 to March 31, 2016)
1. Information by product and service
Disclosure of this information is omitted since its classification is identical with the classification of reporting segments.

2. Geographical information(1) Net sales by region(Unit: millions of yen)
Japan

Asia
48,981(Notes)Americas18,411

Europe11,29323,969

Other

Total
247

102,903

1. Net sales by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries andregions included in each geographic segment are as follows, excluding Japan:(1) Asia: China, Taiwan, South Korea, Thailand, Indonesia, and Singapore(2) Americas: United States, Canada, Brazil, Argentina, and Mexico(3) Europe: Germany, Netherlands, France, the United Kingdom, Belgium, Italy, and Eastern Europe, plus the Middle
East(4) Other: Australia, New Zealand, and Africa* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-12-

(2) Tangible fixed assets(Unit: millions of yen)
Japan

Asia
37,765(Notes)Americas142

Europe
783

Total
42

38,733

1. Tangible fixed assets by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries and regions
included in each geographic segment are as follows, excluding Japan:(1) Asia: Taiwan(2) Americas: United States(3) Europe: Belgium

・Per Share Information

Previous consolidated fiscal year
(April 1, 2014 to March 31, 2015)

Current consolidated fiscal year
(April 1, 2015 to March 31, 2016)

Net assets per share

126.99 yen

147.40yen

Net income per share

16.65 yen

22.88 yen

(Notes) Information on diluted earnings per share is not given since there are no potential ordinary shares.

Basis for calculation
・Earnings per share
Previous consolidated fiscal year
(April 1, 2014 to March 31, 2015)

Current consolidated fiscal year
(April 1, 2015 to March 31, 2016)

6,661

9,151

Amount not attributable to common stock(million yen)

Net income attributable to parent company
shareholders of common stock (million yen)

6,661

9,151

Average number of shares of common stockduring period (1,000 shares)

399,901

399,842

At end of previous consolidated FY(March 31, 2015)

At end of current consolidated FY(March 31, 2016)

50,77958,933

Net assets attributable to common stock at theend of consolidated fiscal year (million yen)

50,77958,933

Number of shares of common stock used as
basis for calculation of net assets per share(1,000 shares)

399,866

399,819

Profit attribute to owners of parent(million yen)

Basis for calculation
・Net assets per share

Total net assets on consolidated balance sheet(million yen)Amount deducted from total net assets on
consolidated balance sheet : (million yen)

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-13-

6. Non-Consolidated Financial Statements, etc.
(1) Balance Sheet(Unit: millions of yen)
Current fiscal year
(March 31, 2016)

Previous fiscal year
(March 31, 2015)

Account Category
ASSETS
Current Assets
Cash and deposits
Notes receivable – trade

17,693644

25,385496

Accounts receivable – trade30,78529,301

Merchandise and finished goods
Work in process

22,157
3,343

21,921
2,838

Raw materials and supplies
Advance payments - trade

9,710
118

9,390
162

Prepaid expenses

208

207

Deferred tax assets
Short-term loans receivable

1,351
2,341

638
177

Other

1,129

1,234

Allowance for doubtful accounts

-348

-324

89,13691,431

Buildings
Structures

12,168
3,007

6,524
3,039

Machinery and equipment

13,606

12,885

VehiclesTools, furniture and fixtures

18
490

14
488

Land

4,937

4,590

Leased assets
Construction in progress

1,145
1,092

1,198
2,054

Total property, plant and equipment

36,46730,795

106
6

175
11

Total current assets
Noncurrent Assets
Property, plant and equipment

Intangible assets
SoftwareLeased assets
Other
Total intangible assets* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation

-14-

9

8

121

196

(Unit: millions of yen)
Current fiscal year
(March 31, 2016)

Previous fiscal year
(March 31, 2015)

Account Category
Investments and other assets
Investment securities
Shares of subsidiaries and associates

1,557
11,722

1,253
11,767Long-term loans receivable from subsidiaries and affiliates

382

455

Long-term loans receivable from employees
Claims provable in bankruptcy, claims provable inrehabilitation and other
Long-term prepaid expenses

98

92

11,579

33

2,669

1,765

Deferred tax assets

8,425

7,326

Other
Allowance for doubtful accounts

194-4,541

364-191

Total investments and other assets

32,08822,867

Total non-current assets

68,67753,859Total Assets

157,814145,290

Notes payable – trade
Accounts payable – trade

390
9,598

246
7,146

Short-term loans payable

14,46013,160Current portion of long-term loans payable
Current portion of bonds

14,907280

12,923
280

477

445

982
3,453

2,706
3,456

Income taxes payable

302

44

Deposits received
Provision for bonuses

2,958
436

2,918
415

Reserve for loss from Ferosilt removal

2,458


797

LIABILITIESCurrent Liabilities

Lease obligations
Accounts payable – otherAccrued expenses

Provision for environment and safety improvement

25

Other

1,303

1,242

Total current liabilities

52,03545,783

Non-current Liabilities
Bonds payable

840

560

Long-term loans payable

38,104

31,844

Lease obligations
Long-term deposits received

726
3,587

821
3,272

Provision for retirement benefits

10,360

10,663

795
838

1,082
826

Provision for environment and safety improvement
Asset retirement obligations
Other
Total non-current liabilities
Total Liabilities* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation

-15-

220

741

55,474

49,813

107,509

95,596

(Unit: millions of yen)
Current fiscal year
(March 31, 2016)

Previous fiscal year
(March 31, 2015)

Account Category
NET ASSETS
Shareholders’ equity
Capital stock
Capital surplus

43,42043,420Legal capital surplus

9,155

9,155

Other capital surplus

640

640

Total capital surpluses

9,795

9,795

269

269

Other retained earnings
Retained earnings brought forward-3,426-3,789Total retained earnings-3,156-3,519-200-205

Retained earnings
Legal retained earnings

Treasury shares

49,85949,491

Valuation and translation adjustments
Valuation difference on available-for-sale securities

Total shareholders’ equity

445

202

Total valuation and translation adjustments

445

202

Total net assets

50,304

49,694

Total Liabilities and Net Assets

157,814145,290* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-16-

(2) Statements of Income
Account Category
Net sales(Unit: millions of yen)Previous fiscal year
Current fiscal year
(April 1, 2014 to March 31, 2015) (April 1, 2015 to March 31, 2016)
79,30676,785

Cost of sales

53,916

54,688Gross profit

25,38922,096

Selling, general and administrative expenses

18,416

17,769Operating income

6,973

4,327

78
150

46
101

1,306



Gain on sales of raw materials
Other


93
183

197
157

Total non-operating income

1,812

1,347

1,505

1,400

Non-operating income
Interest income
Dividend income
Foreign exchange gains
Gain on reversal of provision for loss on Felosilt removal

844

Non-operating expenses
Interest expenses
Bad debts expenses



408

Retirement benefit expenses

356

Foreign exchange gains


560

505

2,422

2,578

6,364

3,096

Gain on sales of non-current assets



655

Gain on distribution of residual assets

Other
Total non-operating expenses
Ordinary income

263

Extraordinary income
312



Other



16

Total extraordinary income

312

671

251
85

319
709

251

1,185

5

18

Extraordinary losses
Loss on disposal of non-current assets
Impairment loss
Provision of allowance for environment and safety
improvement
Other
Total extraordinary losses

595

2,233

Income before income taxes

6,081

1,534

Income taxes - current
Income taxes – deferred

289
3,878

30
1,867

Total income taxes

4,168

1,897

Net income (loss)

1,913

-362

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-17-

(3) Statement of Changes in Net Assets
Previous consolidated FY (April 1, 2014 to March 31, 2015)(Unit: millions of yen)
Shareholders’ equity
Capital surplus
Capitalstock

Balance at beginningof current period

Legalcapitalsurplus

Othercapitalsurplus9,155

43,420Retained earnings

Total capitalsurpluses

640

Legal
retainedearnings

9,795

Other retained
earnings

Retained earnings
brought forward

269

Cumulative effects ofchanges in accounting
policies
Restated balance

43,420

9,155

640

9,795

269

Total retained
earnings-4,629-4,359-710-710-5,339-5,069

1,913

1,913

Changes of items
during period
Net income(loss)
Purchase of treasury
shares
Disposal of treasury
shares00

Net changes of items
other thanshareholders' equity
Total changes of
items during period





0

0



1,913

1,913

Balance at end ofcurrent period

43,420

9,155

640

9,795

269

-3,426-3,156

Valuation and translation
adjustments

Shareholders’ equity

TreasurysharesBalance at beginningof current period-194

Cumulative effects ofchanges in accounting
policies
Restated balance

Totalshareholders'equityValuationdifference on
available-forsale securities

Total valuationand translation
adjustments

48,662

299

299

-710
-194

Total net
assets48,962-710

47,952299

299

48,252

Changes of items
during period
Net income(loss)

1,913

1,913

Purchase of treasury
shares-6-6-6

Disposal of treasury
shares000

Net changes of items
other thanshareholders' equity

145

145

145

Total changes of
items during period

-6

1,906

145

145

2,052

Balance at end ofcurrent period-200

49,859445

445

50,304* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-18-

Current consolidated FY (April 1, 2015 to March 31, 2016)(Unit: millions of yen)
Shareholders’ equity
Capital surplus
Capitalstock

Balance at beginningof current period

Legalcapitalsurplus

OthercapitalsurplusRetained earnings

Total capitalsurpluses

Other retained
earnings

Legalretainedearnings

Retained earnings
brought forward

Total retained
earnings

43,420

9,155

640

9,795

269

-3,426-3,15643,420

9,155

640

9,795

269

-3,426-3,156-362-362

Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items
during period
Net income(loss)
Purchase of treasury
shares
Disposal of treasury
shares00

Net changes of items
other thanshareholders' equity
Total changes of
items during period
Balance at end ofcurrent period





0

0



-362

-362

43,420

9,155

640

9,795

269

-3,789-3,519Valuation and translation
adjustments

Shareholders’ equity

Balance at beginningof current period

Total net
assetsTotalshareholders'equityValuationdifference on
available-forsale securities

Total valuationand translation
adjustments-200

49,859445

445

50,304-200

49,859445

445

50,304

TreasurysharesCumulative effects ofchanges in accounting
policies
Restated balance
Changes of items
during period
Net income(loss)

-362

-362

Purchase of treasury
shares-5-5-5Disposal of treasury
shares000

Net changes of items
other thanshareholders' equity

-242

-242

-242

Total changes of
items during period

-5

-367

-242

-242

-610

Balance at end ofcurrent period-205

49,491

202

202

49,694* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-19-