Consolidated Financial Results for the Third Quarter Ended December 31, 2017
Asahi Holdings, Inc. [IFRS]
February 1, 2018

Stock code:
Shares listed:

5857
Tokyo Stock Exchange (First Section)

URL:
Representative

http://www.asahiholdings.com
Mitsuharu Terayama, President & CEO

For further information please contact:

Masaharu Sawada, Corporate Planning & Communications
Department General Manager

Filing date of Quarterly Report:(Phone) +81-3-6270-1833
February 13, 2018

Start of dividend payment:
Supplementary materials for the financial results:–
Yes

Investor conference for the financial results:

No(Rounded down to the nearest million yen)
1. Results of the nine months ended December 31, 2017 (From April 1, 2017 to December 31, 2017)(1) Results of operations (cumulative)(Percentage: Changes relative to corresponding previous period)
OperatingincomeProfit before
tax

ProfitMillions of yen %Millions of yen %Millions of yen %Revenue
The nine months ended
December 31, 2017
December 31, 2016

Millions of yen%

88,197 12.4
78,453 (14.5)

10,639 31.7 10,342 31.3
8,079 (0.9) 7,874 (2.6)

7,357
5,680

29.5
4.4

Basic earnings per share

Diluted earnings per share

Yen
220.32171.08Yen－－

The nine months ended
December 31, 2017
December 31, 2016

Profitattributable toowners of parent

Total
comprehensive
incomeMillions of yen

Millions of yen %

7,319
5,577

%

31.2
4.5

7,432 59.8
4,650 (0.4)(2) Financial Position

As ofDecember 31, 2017
March 31, 2017

Total assets

Total equity

Equity attributable toowners of parent

Equity attributable toowners of parent ratio

Millions of yen
116,250
88,976

Millions of yen
60,69444,827

Millions of yen
60,67044,303

52.2
49.8

%

2. Dividend payments
Dividends per share

Year ended March 31, 2017
Year ending March 31, 2018Year ending March 31, 2018
(Forecast)First quarter

Second quarter

Third quarter

Year-end

Annual

Yen

Yen
30.00
30.00

Yen
－
－

Yen
30.00

Yen
60.00

33.00

63.00

－
－

(Note) Revisions in dividend forecast in the current quarter: No
Year-end dividends per share for the fiscal year ending March 31, 2018 (Forecast) include a commemorative dividendof 3 yen per share and an ordinary dividend of 30 yen per share.

3. Forecast (From April 1, 2017 to March 31, 2018)(Percentage: Changes relative to corresponding previous period)
OperatingincomeRevenueYear ending March 31, 2018

Millions of yen%

120,000

12.3

Millions of yen

13,700

Profit before
tax
%

572.1

Millions of yen

13,400%

Profit attributable
Basic earnings
toper shareowners of parent
Millions of yen
%
Yen

665.1

9,200

－

264.55(Note) Revisions in forecast in the current quarter: Yes
For details, please refer to “Notice Regarding Revision of Consolidated Financial Results Forecast” made public on
February 1, 2018.
* Notes(1) Changes in significant subsidiaries during the current quarter: No(2) Changes in accounting policies and accounting estimates(i) Changes in accounting policies required by IFRS: No(ii) Changes other than (i) above: No(iii) Changes in accounting estimates: No(3) Number of issued shares (common stock)(i)

Number of issued shares at the quarter end (including treasury shares)
As of December 31, 2017

38,974,344 shares

As of March 31, 201736,254,344 shares(ii) Number of treasury shares at the quarter end
As of December 31, 2017
As of March 31, 2017

255,187 shares
3,654,987 shares(iii) Averaged number of shares during the period (quarterly cumulative period)
Nine months ended December 31, 201733,222,363 shares

Nine months ended December 31, 2016

32,599,583 shares*The quarterly financial statements are not subject to quarterly reviews.
(Notes on forward looking statements, etc.)
These forecast performance figures are based on the information currently available to the company’s
management and certain assumptions judged rational. Accordingly, these might be cases in which actual resultsmaterially differ from forecasts of this report. Please refer to page 3 “1. Qualitative Information (3) Consolidated
Performance Forecasts” for the assumptions used and other notes.
Explanatory materials for quarterly financial result will be posted on our website.

【Appendix】

Table of contents of the appendix
1. Qualitative Information ................................................................................................................................

2(1) Consolidated Business Performance ........................................................................................................

2(2) Consolidated Financial Position and Cash Flows for the nine months ended December 31, 2017 ......

2(3) Consolidated Performance Forecasts .......................................................................................................

3

2. Condensed Consolidated Financial Statements ...........................................................................................

4(1) Condensed Consolidated Statements of Financial Position ...................................................................

4(2) Condensed Consolidated Statements of Income for the nine months ended December 31, 2017 ........
(3) Condensed Consolidated Statements of Comprehensive Income for the nine months ended
December 31, 2017 .........................................................................................................................................
(4) Condensed Consolidated Statements of Changes in Equity ...................................................................

678(5) Condensed Consolidated Statements of Cash Flows .............................................................................. 10(6) Notes on Assumptions for Going Concern ............................................................................................... 11(7) Notes on Condensed Consolidated Financial Statements ...................................................................... 11
1. Reporting entity ................................................................................................................................... 11
2. Basis of preparation ............................................................................................................................ 11
3. Significant accounting policies............................................................................................................ 11
4. Significant accounting estimates and associated judgments ............................................................ 11
5. Segment information ........................................................................................................................... 12
6. Subsequent events ............................................................................................................................... 13－

1 －1. Qualitative Information(1) Consolidated Business Performance
In the Japanese economy during the third quarter of the current fiscal year (April 1, 2017 throughDecember 31, 2017), moderate expansion continued while personal consumption and other areas lacked
vigor. Prospects for the global economy remain opaque due to geopolitical risks and other factors.
Under these conditions, the group’s results in each business segment were as follows.
Precious metal business
The condition of the precious metal business according to sectors was as follows. In the electronics sector,
the volume of collection of gold was larger than in the same period a year earlier. In the dental sector, thevolume collection of gold and palladium was larger than in the same period in the previous year. In thejewelry sector, the volume of collection of gold and platinum expanded from the same period a year before. In
the automotive catalyst sector, the volume of collection of palladium and platinum increased from the same
period in the previous year. As for gold and silver refining business in North America, revenue from refining
business decreased from the previous-year level despite an increase in the volume of gold commissioned forrefining from the previous year, which is due in part to the lowering of unit price of transactions.
Regarding the average prices of precious metals, the average prices of gold and palladium rose from thesame period in the previous year, while those for silver and platinum fell during the same period.
Environmental preservation businessWith the volume of industrial waste discharged in Japan on a downward trend in general, the volume ofwaste handled by the group registered a decrease from the same period in the previous year for some items.
Nevertheless, the group launched conscientious efforts to meet the needs of waste generating companies forappropriate disposal, develop new customers and obtain contracts by capitalizing on their characteristics andinter-company collaboration. Consequently, the group’s sales revenue and operating income exceeded thelevels in the same period in the preceding year.
Life & health businessIn the health care equipment sectors, sales revenue saw an increase from the same period in the previous
year, thanks to the launching of a new, large-size massage chair and stepped-up marketing to promote themail order sales of massage chairs. As for fire-fighting equipment, the number of contracted works exceeded
the level in the previous year due to the high construction demand that continued primarily in themetropolitan area.
As a result of the above, revenue during the third cumulative quarter of the current fiscal year was 88,197
million yen, a year-on-year increase of 9,743 million yen (+12.4 percent). Operating income was 10,639 million
yen, an increase of 2,560 million yen (+31.7 percent) year-on-year. Profit before tax was 10,342 million yen, a
year-on-year increase of 2,468 million yen (+31.3 percent). Profit was 7,357 million yen, a year-on-yearincrease of 1,676 million yen (+29.5 percent). Profit attributable to owners of parent for the period wastherefore 7,319 million yen, an increase of 1,742 million yen (+31.2 percent) year-on-year. By segment,
revenue in the precious metal business was 57,481 million yen, a year-on-year increase of 8,508 million yen(+17.4 percent). In the environmental preservation business, revenue was 12,044 million yen, and increase of
217 million yen (+1.8 percent) year-on-year. Revenue in the life & health business was 18,728 million yen, up
1,012 million yen (+5.7 percent) year-on-year.

(2) Consolidated Financial Position and Cash Flows for the nine months ended December 31, 2017
As of December 31, 2017, total assets amounted to 116,250 million yen, up 27,273 million yen from theprevious fiscal year end. This was due mainly to the increase of 13,155 million yen in trade and otherreceivables and increase of 8,454 million yen in cash and cash equivalents
Total liabilities amounted to 55,555 million yen, up 11,406 million yen from the previous fiscal year end.
This was due mainly to the increase of 10,004 million yen in loans payable.
Total equity amounted to 60,694 million yen, up 15,867 million yen from the previous fiscal year end. Thiswas due mainly to increases of 2,500 million yen in capital stock, 3,442 million yen in capital surplus and7,432 million yen in comprehensive income, coupled with a decrease of 4,985 million yen in treasury stock－2 －deducted from equity.
As a result, the equity attributable to owners of parent ratio changed to 52.2%, from 49.8% at the end of theprevious fiscal year.
Net cash used in operating activities amounted to 7,132 million yen due mainly to 10,342 million yen of
profit before tax, 1,690 million yen of depreciation and amortization, 4,898 million yen of increase ininventories, 13,037 million yen of increase in trade and other receivables, and 3,243 million yen of income
taxes paid .
Net cash used in investing activities amounted to 2,295 million yen due mainly to 2,268 million yen ofpurchase of property, plant and equipment.
Net cash provided by financial activities amounted to 17,871 million yen due mainly to 9,497 million yen of
net increase in loans payable, 5,001 million yen of increase in proceeds from issuance of common stock, 6,252
million yen of increase in proceeds from sales of treasury stock and 1,954 million yen of cash dividends paid.
As a result, cash and cash equivalents as of December 31, 2017 increased 8,454 million yen from March 31,
2017, to 19,253 million yen.

(3) Consolidated Performance Forecasts
On October 26, 2017, Asahi Holdings, Inc. (hereinafter the “Company”) revised the consolidated financial
results forecast announced on May 10, 2017. Nevertheless, the precious metal prices and collection volume of
precious metals are expected to exceed the estimates of previous forecast. Therefore, the Company has revised
the consolidated financial results forecast again.
The revised forecast of operating income, profit before tax and profit attributable to owner of parent are
expected to stand at record-high.

Revision of consolidated financial results forecast for fiscal year ending March 31, 2018
(April 1, 2017 to March 31, 2018）

OperatingincomeRevenue
Previous Forecast (A)(Announced on October 26,

Profit before
tax（Millions of yen, ％）ProfitBasic earnings
attributable toper shareowners of(yen)parent120,000

12,50012,3008,300

254.61

120,000

13,70013,4009,200

264.55

Change (B－A)

－

1,200

1,100

900

－

Change (%)

－

9.6

8.9

10.8

－

106,828

2,038

1,751

(1,213)(37.24)2017)
Revised Forecast (B)(Ref.) Results for the fiscal year
ended March 31, 2017－3 －

2. Condensed Consolidated Financial Statements(1) Condensed Consolidated Statements of Financial Position
As ofMarch 31,
2017

As of
December 31,
2017

Millions ofyenMillions ofyen

ASSETS
Current assets
Cash and cash equivalents

10,79819,253

Trade and other receivables
Inventories

15,557
17,35628,71322,295

Income tax receivables
Other financial assets

1,574
103

881
0

Other current assets

664

1,489

Total current assets

46,056

72,63331,98732,869Goodwill
Intangible assets

8,238
918

8,243
980

Deferred tax assets
Net defined benefit asset

1,167
64

948
26

Financial assets
Other non-current assets

528
15

529
17

Total non-current assets

42,92043,616

88,976116,250

Non-current assets
Property, plant and equipment

Total assets－

4 －As ofMarch 31,
2017

As of
December 31,
2017

Millions ofyenMillions ofyen

LIABILITIES and EQUITY
Liabilities
Current liabilities
Trade and other payables

12,71012,383Loans payable
Income tax payable

2,720
1,061

13,645
1,816

Other financial liabilities
Provisions

191
1,490

615
1,111

Other current liabilities

2,613

3,783

Total current liabilities
Non-current liabilities

20,78733,357Loans payable
Deferred tax liabilities

20,195
1,790

19,273
1,710

Net defined benefit liability
Other financial liabilities

143
1,221

Other non-current liabilities

10

148
1,066
－

Total non-current liabilities

23,361

22,19844,14855,555

Total liabilities
EquityCapital stock

4,480

6,981

Capital surplus
Treasury stock

6,126(5,371)

9,569
(386)

Retained earnings
Other components of equity

42,783(3,716)48,144(3,637)

Total equity attributable to owners of parent
Non-controlling interests

44,303524

60,67024

Total equity

44,82760,694

88,976116,250

Total liabilities and equity－

5 －(2) Condensed Consolidated Statements of Income for the nine months ended December 31, 2017

Revenue
Cost of sales

The nine months
ended December 31,
2016

The nine months
ended December 31,
2017

Millions of yen

Millions of yen

78,453(59,473)

88,197(66,824)

Gross profit

18,97921,372

Selling, general and administrative expenses
Other operating income(11,371)662(10,817)
206

Other operating expenses

(191)

(122)

Operating income

8,079

10,639Finance income
Finance cost

10
(215)

47
(344)

Profit before tax

7,874

10,342

Income tax expenses(2,194)(2,985)

Profit

5,680

7,357

Owners of parent
Non-controlling interests

5,577
103

7,319
37

Profit

5,680

7,357

171.08220.32

Profit attributable to:Earnings per share
Basic earnings per share (Yen)－6 －(3) Condensed Consolidated Statements of Comprehensive Income for the nine months ended
December 31, 2017

Profit

The nine months
ended December 31,
2016

The nine months
ended December 31,
2017

Millions of yen

Millions of yen

5,680

7,357

Other comprehensive income
Items that will not be reclassified to profit or loss
Financial assets measured at fair value through othercomprehensive income
Remeasurements of defined benefit plans

(5)

20

121

(2)

Total items that will not be reclassified to profit or loss

115

17

Items that will be reclassified to profit or loss
Cash flow hedges

61

(366)

Translation adjustments of foreign operations(1,207)423

Total items that will be reclassified to profit or loss

(1,145)57(1,029)

75

4,650

7,432

4,549
100

7,391
40

4,650

7,432

Other comprehensive income, net of tax
Comprehensive income
Comprehensive income attributable to:
Owners of parent
Non-controlling interests
Comprehensive income－

7 －(4) Condensed Consolidated Statements of Changes in Equity(Millions of yen)
Equity attributable to owners of parent

Capitalstock

Balance at April 1, 2016
ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury stock
Dividends
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2016

CapitalsurplusTreasurystock

Retainedearnings

Other components ofequityTranslation
adjustments Cash flowof foreign
hedgesoperations

4,480
－

6,112
－

(5,371)－45,845
5,577(2,125)
－

(380)
－

－

－

－

－

(1,204)

61

－

－

－

5,577

(1,204)

61

－
－

－
－

(0)
－

－
(1,955)

－
－

－
－

－

－

－

140

－

－

－

10

－

－

－

－

－

10

(0)

(1,815)

－

－

4,480

6,123

(5,371)49,607(3,330)(318)(Millions of yen)
Equity attributable to owners of parent
Other components of equity
FinancialassetsRemeasuremeasured atments offair value
definedthrough
benefitotherplanscomprehensive income
Balance at April 1, 2016
ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury stock
Dividends
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2016

Total

Total

Noncontrollinginterests

Total

29
－

－
－

(2,476)－

48,591
5,577

396
103

48,988
5,680

(5)

121

(1,027)(1,027)(2)(1,029)(5)

121(1,027)

4,549

100

4,650

－
－

－
－

－
－

(0)
(1,955)－－(0)(1,955)

(19)

(121)

(140)

－

－

－

－

－

－

10

－

10

(19)

(121)

(140)

(1,945)－(1,945)

3－(3,644)

51,195497

51,692－8 －(Millions of yen)
Equity attributable to owners of parent

Capitalstock

Balance at April 1, 2017
ProfitOther comprehensive
incomeTotal comprehensive
incomeIssuance of new shares
Purchse of treasury stock
Disposal of treasury stock
Dividends
Changes in ownershipinterests in subsidiaries
that do not result in loss ofcontrol
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2017

CapitalsurplusTreasurystock

Retainedearnings

Other components ofequityTranslation
adjustments Cash flowof foreign
hedgesoperations

4,480
－

6,126
－

(5,371)－42,7837,319(3,618)
－

(104)
－

－

－

－

－

422

(366)

－

－

－

7,319

422

(366)

2,500

2,480

－

－

－

－

－
－
－

－
1,266
－

(0)
4,985
－

－
－
(1,955)

－
－
－

－
－
－

－

(337)

－

－

－

－

－

－

－

(2)

－

－

－

32

－

－

－

－

2,500

3,442

4,985

(1,958)

－

－

6,981

9,569

(386)

48,144(3,196)(470)(Millions of yen)
Equity attributable to owners of parent
Other components of equity
FinancialassetsRemeasuremeasured atments offair value
definedthrough
benefitotherplanscomprehensive income
Balance at April 1, 2017
ProfitOther comprehensive
incomeTotal comprehensive
incomeIssuance of new shares
Purchase of treasury stock
Disposal of treasury stock
Dividends
Changes in ownershipinterests in subsidiaries
that do not result in loss ofcontrol
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2017

Total

Total

Noncontrollinginterests

Total

7
－

－
－

(3,716)－44,303
7,319

524
37

44,827
7,357

18

(2)

72

72

2

75

18

(2)

72

7,391

40

7,432

－
－
－
－

－
－
－
－

－
－
－
－

4,981
(0)
6,252
(1,955)

－
－
－
－

4,981
(0)
6,252
(1,955)

3

－

3

(333)

(540)

(874)

0

2

2

－

－

－

－

－

－

32

－

32

3

2

5

8,975

(540)

8,434

28

－

(3,637)60,67024

60,694－9 －(5) Condensed Consolidated Statements of Cash FlowsThe ninemonths ended
December 31,
2016

The ninemonths ended
December 31,
2017

Millions of yen

Millions of yen

Net cash provided by (used in) operating activities
Profit before tax
Depreciation and amortization

7,874
1,738

10,342
1,690

Impairment loss
Finance income and finance cost

112
157

43
315

Decrease (increase) in inventories
Decrease (increase) in trade and other receivables(2,370)(2,910)(4,898)(13,037)

Increase (decrease) in trade and other payables
Other, net(4,327)
(57)

(456)
1,461

Subtotal

216(4,539)Interest and dividends income received
Interest expenses paid

7
(155)

16
(319)

(4,874)
2,036(3,243)953(2,770)(7,132)

(183)
－

－
11

Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment(2,093)278(2,268)161

Purchase of intangible assets
Proceeds from sales and redemption of investments

(182)
71

(212)
5

Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits

Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable

(56)

7

(2,165)(2,295)

4,351

9,767

(5,270)
－

(270)
5,001

－
(0)

6,252
(0)

－

(874)

Cash dividends paid
Other, net(1,953)(23)(1,954)(50)

Net cash provided by (used in) financing activities(2,896)

17,871

Repayment of long-term loans payable
Proceeds from issuance of common stock
Proceeds from sales of treasury stock
Purchase of treasury stock
Payment to acquire interests in subsidiaries from noncontrolling interests

Effect of exchange rate change on cash and cash equivalents

(75)

11

Net increase (decrease) in cash and cash equivalents(7,908)8,454

Cash and cash equivalents at beginning of period

16,564

10,798Cash and cash equivalents at end of period

8,656

19,253－10 －(6) Notes on Assumptions for Going Concern
Not applicable(7) Notes on Condensed Consolidated Financial Statements
1. Reporting entity
Asahi Holdings, Inc. (hereinafter the “Company”) is a company located in Japan. The Company’s
condensed consolidated financial statements for the nine months ended December 31, 2017 comprise thefinancial statements of the Company as well as its subsidiaries (hereinafter the “Group”).
For the main activities of the Group, please refer to Note 5. “Segment information.”

2. Basis of preparation(1) Statement of compliance with IFRSThe condensed consolidated financial statements of the Group have been prepared based on IAS 34“Interim Financial Reporting.”
Having met the requirements for a Specified Company under the Designated International AccountingStandards, as prescribed in Article 1-2 of the Ordinance on the Terminology, Forms, and Preparation
Methods of Quarterly Consolidated Financial Statements (Cabinet Office Ordinance No. 64 of 2007), theGroup adopts the provisions of Article 93 of the aforementioned rules.
(2) Basis of measurement
The condensed consolidated financial statements of the Group have been prepared based on costs ofacquisition, except for the specified financial instruments that have been measured at fair value.
(3) Functional currency and presentation currency
The condensed consolidated financial statements of the Group are presented in Japanese yen, which isthe functional currency of the Company, and figures less than one million yen are rounded down to thenearest million yen.
(4) Early adoption of new standards
The Group has implemented an early adoption of IFRS 9 “Financial Instruments” (published in
November 2009, and revised in July 2014), as from the date of transition to IFRS.

3. Significant accounting policies
The significant accounting policies adopted for the condensed consolidated financial statements are thesame as those for the consolidated financial statements for the fiscal year ended March 31, 2017.
The income tax for the nine months ended December 31, 2017 was calculated based on the estimatedaverage annual effective tax rate.

4. Significant accounting estimates and associated judgments
In preparing condensed consolidated financial statements, the management is required to make judgment,
estimates and assumptions that affect the adoption of accounting policies and the amounts of assets,
liabilities, revenues and expenses. Actual results may differ from such estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. The effect of a change inaccounting estimates is recognized as the accounting period in which such change occurs as well as theaccounting periods to be affected in the future.
The estimates and judgments made by the management that may have material impacts on the figures in
the condensed consolidated financial statements are the same as those for the consolidated financial
statements for the fiscal year ended March 31, 2017.

－

11 －

5. Segment information(1) Overview of reporting segments
The Group’s reporting segments are those Group constituent units for which separate financial
information is obtainable, and which the Board of Directors subjects to regular examination in order todecide the allocation of management resources and evaluate business results.
As a pure holding company, the Company is in charge of overall strategic function for the Group,
whereas operating companies of the Group engage in the precious and rare metals recycling business andthe refining and processing business, industrial waste management and other environmental
preservation business, and life & health business including manufacturing and selling of healthequipment.
Therefore, the Group is composed of product and service segments based on business sectors. The threereporting segments are the precious metal business, the environmental preservation business, and thelife & health business. Meanwhile, these reporting segments are not be aggregated.
The precious metals business engages mainly in recycling and selling of precious and rare metals suchas gold, silver, palladium, and platinum, as well as refining and processing of precious metals such as goldand silver. The main work of environmental preservation business is the collection, transport andintermediate processing of industrial waste. In the life & health business, the main work is the
manufacture and sales of massagers, hearing aids, and other health equipment, the manufacture andsales of electric heaters, the design and installation of radiant heating and air conditioning systems, andthe design and installation of disaster prevention equipment.
(2) Segment revenue and performance
Accounting policies of the reporting segments are the same as those for the consolidated financial
statements for the fiscal year ended March 31, 2017.
Revenue and other performance of each reportable segment of the Group are as follows.
For the nine months ended December 31, 2016 (from April 1, 2016 to December 31, 2016)(Millions of yen)
Reporting segment
Precious metalbusiness

Environmental
preservation
business

Life & healthbusiness

48,973－

11,76363

17,716
078,453
63

48,973

11,827

17,71678,517

6,535

2,365

1,014

9,914

Total

Adjustment

Consolidated－(63)

78,453－(63)

78,453(1,835)

8,079

Revenue
External revenue
Intersegment revenue
Total
Operating income by businesssegment
Finance income
Finance cost

10
(215)

Profit before tax

7,874(Note) 1. Intersegment transactions are based on prevailing market prices.
2. Adjustments of operating income by business segment are mainly corporate expenses that are notallocated to each reporting segment.

－

12 －

For the nine months ended December 31, 2017 (from April 1, 2017 to December 31, 2017)(Millions of yen)
Reporting segment
Precious metalbusiness

Environmental
preservation
business

Life & healthbusiness

57,481－

11,98757

18,728088,197
57

57,481

12,044

18,728

8,623

2,620

1,194

Total

Adjustment

Consolidated－(57)

88,197－88,254(57)

88,197

12,438(1,799)10,639

Revenue
External revenue
Intersegment revenue
Total
Operating income by businesssegment
Finance income
Finance cost

47
(344)

Profit before tax

10,342(Note) 1. Intersegment transactions are based on prevailing market prices.
2. Adjustments of operating income by business segment are mainly corporate expenses that are notallocated to each reporting segment.

6. Subsequent events
Not applicable－13 －