Flash Report on the Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending February 28, 2018
July 5, 2017
Listed Company Name: Lawson, Inc.
Tokyo Stock Exchange (First Section)
Code No.: 2651
(URL http://www.lawson.jp/en/ir)
Company Representative: Sadanobu Takemasu, President and CEO, Representative Director,
Chairman of the Board
Contact: Tomoki Takanishi, Deputy Senior Vice President, Finance and Accounting Division Director
Tel.: +81-3-5435-2773
Scheduled date for submission of quarterly securities report: July 13, 2017
Scheduled date for payment of dividend: －Supplementary materials for quarterly financial results: Yes
Holding of presentation of quarterly results: None
(Amounts less than one million yen are truncated)
1. Consolidated operating results for the first quarter ended May 31, 2017 (from March 1, 2017 to May 31, 2017)(1) Consolidated operating results (cumulative)
Note: Percentages represent increases (decreases) compared with the corresponding period of the previous fiscal
year.

For the first quarter ended
May 31, 2017
May 31, 2016
Note: Comprehensive income:Gross operating
revenue

Operating income

Ordinary income

Millionsof yen159,216
148,911

Millionsof yen16,252
17,451Millionsof yen15,982
16,676

%
6.9
6.2

%
ሺ6.9)
ሺ8.8)

For the first quarter ended May 31, 2017
For the first quarter ended May 31, 2016%
ሺ4.2)
(12.9)

Profitattributable toowners of parent
Millions%of yen
9,597
8.8
8,823
14.3

9,754 million yen
8,027 million yen

21.5%(3.3)%

Profit per share
Yen
95.96
88.22

Diluted profit per share
Yen
95.87
88.15

Total assets

Net assets

Millions of yen

Millions of yen

Shareholders’ equity
ratio%

May 31, 2017

910,121275,067

29.5

February 28, 2017866,577

285,995

31.7

For the first quarter ended
May 31, 2017
May 31, 2016
(2) Consolidated financial position

As ofReference: Shareholders’ equity:
As of May 31, 2017
As of February 28, 2017268,909 million yen
274,880 million yen

2. Dividends

2016 fiscal year

1Q
Yen
－

2017 fiscal year－2017 fiscal year (forecast)1H
Yen
125.00

Annual dividends per share
3Q
Year-end
Yen
Yen－
125.00

Total
Yen
250.00127.50

255.00127.50Note: Revision of the most recent dividends forecast: None－

3. Forecast of consolidated operating results for the 2017 fiscal year ending February 28, 2018 (from March 1,
2017 to February 28, 2018)
Note: Percentages represent increases (decreases) compared with the corresponding period of the previous fiscal
year.
Profit attributable
Profitto owners ofper share
parentMillions
Millions
Millions
Millions
%
%
%
%
Yen
of yenof yenof yenof yen2017 1H (cumulative)
334,000
9.1
37,500 (6.1) 36,000(6.2)
21,000(7.1) 209.96
2017 fiscal year
675,000
6.9
68,500 (7.1) 65,500 (10.3)
33,500(8.0) 334.95
Note: Revision of the most recent consolidated operating results forecast: None
Gross operating
Operating income Ordinary income
revenue

4. Notes(1) Change in significant subsidiaries during the quarterly consolidated period (Changes in certain specified
subsidiaries resulting in changes in scope of consolidation): None
Added: None

Excluded: None

(2) Adoptions of specific accounting methods for preparing quarterly financial statements: None
(3) Changes in accounting policies, changes in accounting estimates or restatements
1. Changes in accounting policies associated with revision in accounting standards: None
2. Changes in accounting policies other than 1. above: None
3. Changes in accounting estimates: None
4. Retrospective restatements: None
(4) Number of shares outstanding (common stock)
1. Number of shares outstanding at the end of period (including treasury shares)
As of May 31, 2017:
100,300,000
As of February 28, 2017:
2. Number of treasury shares at the end of period
As of May 31, 2017:
285,124

As of February 28, 2017:

3. Average number of shares during the period (cumulative three months)
As of May 31, 2017:
100,014,831
As of May 31, 2016:

100,300,000

285,191
100,003,357

Note: This flash report is exempt from quarterly review.
Note: Descriptions on appropriate use of financial performance forecasts and other special notes
Forward-looking statements presented herein such as financial forecasts are based on currently available
information and certain presumptions deemed to be reasonable as of the date of announcement. The
achievement of said forecasts cannot be guaranteed. Actual results may be materially different from those in
the forecast as a result of various factors. For preconditions of these financial forecasts and notes concerning
their use, please refer to “1. Qualitative Information Regarding Quarterly Financial Results, (3) Explanation
Regarding Forward-looking Statements” on page 8.

Contents

1. Qualitative Information Regarding Quarterly Financial Results ·····························································

2(1) Explanation Regarding Consolidated Operating Results ······································································

2(2) Explanation Regarding Consolidated Financial Position······································································

8(3) Explanation Regarding Forward-looking Statements ···········································································

8

2. Consolidated Financial Statements and Main Notes ··················································································

9(1) Consolidated Balance Sheet ···············································································································

9(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income ·················

11

Consolidated Statement of Income······································································································

11

Consolidated Statement of Comprehensive Income ·············································································

12(3) Notes to Consolidated Financial Statements························································································

13(Going Concern Assumption) ·············································································································

13(Notes to Significant Changes in the Amount of Shareholders’ Equity) ···············································

13(Additional Information) ····················································································································

131

1．Qualitative Information Regarding Quarterly Financial Results(1) Explanation Regarding Consolidated Operating Results
During the first quarter of fiscal 2017, three months from March 1 to May 31, 2017, we have advanced andaccelerated our “1000-Day Action Plan”, which is in its second year, and focused our business activities onbuilding Lawson’s next-generation convenience store model. The convenience store industry is now
undergoing a period of drastic transformation. This is attributable to changes in community needs resulting
from an aging population and the prevalence of the nuclear family, among others, which have triggered a
reorganization of the industry. We have made efforts to evolve our business model as a manufacturing retailer
targeting small catchment areas and to raise our store productivity to an unprecedented level toward the goal of
fulfilling our customers’ needs in everyday life by serving as an essential part of their communities.
As a result, for the first quarter of fiscal 2017 on a consolidated basis, gross operating revenue increased to
159,216 million yen (up 6.9% from previous fiscal year,) operating income decreased to 16,252 million yen(down 6.9% from previous fiscal year) and ordinary income decreased to 15,982 million yen (down 4.2% fromprevious fiscal year.) Profit attributable to owners of parent increased to 9,597 million yen (up 8.8% fromprevious fiscal year.)Furthermore, we also focused on promoting internal control and addressing operating risks across the entire
Group based on the 2017 Basic Policy for Improvement of Internal Control Systems. We will continue promotinginternal control across the board including companies that newly joined the Group.
Operating results by business segment were as follows:(Domestic Convenience Store Business)
In our convenience store business in Japan, we have continued to develop products with features distinct toLawson and strengthened our mainstay products including counter fast food items. We also prepared for the
introduction of tablet terminals aimed at enhancing store productivity and new point-of-sale (POS) cash
registers (for sales information management) equipped with an automatic change dispenser function.
[Store Operations]
In store operations, we continued to focus on reinforcing adherence to the Three Essential Practices, whichemphasizes (1) serving customers courteously; (2) offering a merchandise assortment focused on basic itemswith high demand; and (3) keeping our stores and communities clean. Furthermore, we also actively promoted
not only existing stores but also new stores by strengthening our product lineup, and improving operations andfranchise support by headquarters.
[Merchandising and Service Strategies]
On the merchandise side, we strengthened our product capacity by expanding our merchandise assortment
under our “Lawson Select” brand with a focus on daily delivered food and frozen food. Our ready-made dishlineup was also strengthened with a change in our salad range, as was our bento lunchbox lineup with theaddition of the “Gyoza Teishoku Bento” (dumplings lunchbox set) among others, which can be enjoyed either
for lunch or dinner.
In the counter fast food range, the “Deka Yakitori” (large grilled chicken), which weighs 20% more than the2

previous yakitori offering, continued to achieve robust sales performance. In March 2017, “Deka Kushikatsu”(large skewered deep-fried pork) was launched, receiving favorable feedback from many customers.
In the dessert range, changes were made to our Uchi Café SWEETS lineup in April 2017, with the “Premium
Chocolat Éclair” and others proving popular.
Moreover, as a “Health Station in Town,” we also focused on selling health-oriented products. In particular,
the popular “Green Smoothie,” sold under the NATURAL LAWSON brand, was reinforced with the additionof “Green Smoothie Off&Plus,” which is low in calories and carbohydrates, enabling us to expand our reachto an even larger number of health-conscious customers.
In addition to thus strengthening our merchandise lineup, we also enhanced our service offerings, one ofwhich is our “Gift Cards” *1, whose transaction value continued to remain solid.
On our sales promotion side, as part of our efforts to increase the number of purchased items per customer,
we rolled out a monthly promotional “Lawson Tokuichi!” campaign, where a 10% discount was offered on“Lawson Select” chilled/frozen foods as well as some items offered in the counter cases. Furthermore, measures
to effectively attract customers were launched, including a “100-yen onigiri (rice ball) sale” for consecutive
holidays in May 2017, and a “speed lottery” themed on “GENERATIONS from EXILE TRIBE,” which
demonstrated our strength in the entertainment field.
*1 Gift Cards: Collective term for prepaid cards that can be used for online transactions.
[Breakdown of Sales by Merchandise Category at Chain Stores in Domestic Convenience Store Business]
Fiscal period

Product categories
Processed foods

Previous 1st Quarter
From March 1, 2016
to May 31, 2016
Net sales
Percentage of(Millions of yen)
total (%)
263,896
53.2

Current 1st Quarter
From March 1, 2017
to May 31, 2017
Net sales
Percentage of(Millions of yen)
total (%)
280,613
53.3

Fast foods

115,357

23.3

121,900

23.2

Daily delivered foods

70,20814.1

76,537

14.5

Non-food products

46,4189.4

47,1469.0

495,881100.0

526,198

100.0

Total

(Note) These figures include stores operated by both Lawson, Inc. and Lawson Sanin, Inc. as well as
LAWSON THREE F and LAWSON POPLAR brand stores.
[Store Development]
In opening new stores, the Group continued to focus on developing profitable stores.
Regarding the entire Lawson Group, the total number of LAWSON, NATURAL LAWSON, and LAWSONSTORE100 stores opened and closed during the current first quarter stood at 158 and 79 stores, respectively,
with the total number of stores in Japan reaching 13,190 as of the end of May 2017. *2
With regard to our partnership initiatives with other chain retailers in Japan, based on business integrationagreements, we are planning to remodel THREE F stores operated by Three F Co., Ltd. into LAWSON THREEF stores, and SAVE ON stores operated by Save On Corp. into LAWSON stores.
In March 2017, we opened an ekinaka (in-station) LAWSON store in an Osaka Municipal Subway station,with more stores of the same format to be launched in phases through early-August 2017.
3

In April 2017, in the heart of Tokyo’s Ginza district, a commercial area popular among overseas tourists, we
opened the LAWSON GINZA SIX store offering a selection of quintessential Japanese souvenirs and otheritems to take home in addition to our conventional LAWSON store offerings.
Furthermore, by building partnerships with dispensing pharmacy and drug store chains, we offer not only
OTC pharmaceuticals, cosmetics, and daily necessities, but also offer a more numerous assortment ofmerchandise than conventional LAWSON stores. The number of stores offering non-prescription drugs hasreached 158 stores (includes 44 pharmacy LAWSON stores equipped with drug-dispensing pharmacies) as ofthe end of May 2017. Furthermore, the number of stores offering nursing care consultation services has reached
9 as of the end of May 2017. We will continue to engage in establishing convenience store models that addressand deal with social changes such as the aging population and increased health awareness.
With respect to LAWSON STORE100, we continued to increase the product composition ratio of 100-yen
items (excluding tax) by scaling down product portions to respond to customer needs for value, andstrengthened our popular fruit and vegetable lineup.
*2 The numbers of store openings and closings and total number of stores in Japan include stores operatedby Lawson, Inc., Lawson Sanin, Inc. and three equity-method affiliates, Lawson Kochi, Inc., Lawson
Minamikyushu, Inc. and Lawson Okinawa, Inc. as well as LAWSON THREE F and LAWSON POPLAR
brand stores.

[Change in the Total Number of Domestic Stores]
Total stores as ofFebruary 28, 2017

Change during
period12,172

81

12,253

NATURAL LAWSON

141

3

144

LAWSON STORE100

798

(5)

793

13,11179

13,190LAWSON

Total

Total stores as of
May 31, 2017

(Note) These figures include stores operated by Lawson, Inc., subsidiary Lawson Sanin, Inc. and equitymethod affiliates, Lawson Kochi, Inc., Lawson Minamikyushu, Inc. and Lawson Okinawa, Inc.

4

[Number of LAWSON stores by prefecture (As of May 31, 2017)]
Prefecture

Numberof stores

Hokkaido639

Ibaraki

197

Kyoto

335

Ehime

216

Aomori

236

Tokyo

1,591

Shiga

153

Tokushima

134

Akita

189

Kanagawa

876

Nara

129

Kochi

135

Iwate

168

Shizuoka

257

Wakayama

137

Fukuoka476

Miyagi227

Yamanashi

123

Osaka

1,074

Saga

69

Yamagata

105

Nagano

174

Hyogo

663

Nagasaki

106

Fukushima

133

Aichi

631

Okayama

173

Oita

179

Niigata

150

Gifu

169

Hiroshima

201

Kumamoto

145

Tochigi

156

Mie

132

Yamaguchi

121

Miyazaki

104

Gunma

116

Ishikawa

102

Tottori138

Kagoshima

192

Saitama603

Toyama186

Shimane149

Okinawa

212

Chiba

548

Fukui

110

Kagawa131

Total(domestic)

13,190Prefecture

Numberof stores

Prefecture

Numberof stores

Prefecture

Numberof stores(Note) These figures include stores operated by Lawson, Inc., subsidiary Lawson Sanin, Inc. and equitymethod affiliates, Lawson Kochi, Inc., Lawson Minamikyushu, Inc. and Lawson Okinawa, Inc.
[Other]In May 2017, Lawson, Inc. concluded a shareholders’ agreement with POPLAR Co., Ltd. to underwrite newshares in POPLAR through a third-party allocation. Subsequent to this acquisition of newly issued shares,
Lawson, Inc. hold an 18.27% stake in POPLAR, and will further strengthen its business alliance with thecompany.
With regards to our efforts in home convenience, we will strive to enhance customer convenience byadditionally partnering with other companies to establish an “Open Platform” based on the networks of
LAWSON stores that offer a range of services encompassing ordering, collection, and home delivery.
Led by the Japanese Ministry of Economy, Trade and Industry, Lawson, Inc. and other domestic convenience
store operators jointly issued the Declaration of Plan to Introduce 100 Billion Electronic Tags for Products inConvenience Stores. By using electronic tags, we aim to enhance store operating efficiency and continue torespond quickly to changing customer expectations.
As a result, Domestic Convenience Store Business posted gross operating revenue of 108,385 million yen (up5.5% from previous fiscal year) and segment profit of 13,092 million yen (down 9.4% from previous fiscal year.)(Seijo Ishii Business)
The number of directly operated Seijo Ishii stores, a high-end supermarket chain offering quality foods, reached
135 as of the end of May 2017. Sales were strong, and in April 2017, we opened the Ikejiri Ohashi store as a new
Seijo Ishii flagship store. Almost all products offered by Seijo Ishii are available at the spacious store, along withan unprecedented level of services, including the sale of pizza baked in a stone oven right on the premises.
We will continue to enhance the brand image and corporate value of SEIJO ISHII Co., Ltd., while absorbing
5the company’s product development expertise, knowhow acquired as a manufacturing retailer, and sales methods,
to strengthen our Domestic Convenience Store Business.
As a result, Seijo Ishii Business posted gross operating revenue of 19,699 million yen (up 8.6% from previous
fiscal year) and segment profit of 1,773 million yen (up 7.0% from previous fiscal year.)(Entertainment-related Business)
With regards to Entertainment-related Business, Lawson HMV Entertainment, which forms the core ofentertainment related business, posted a solid performance led by an increase in ticket sales and continued tosecure top position in the ticketing industry. Regarding HMV stores that combine selling music CDs and DVDs,
the third “HMV Record Shop,” a used analog record and CD store, was opened in Kichijoji, and was well received.
The number of HMV stores that sell music CDs and DVDs totaled 55 as of the end of May 2017. We will strive
to offer an even wider selection of products and services to better respond to customer needs, for example, by
expanding our entertainment business. In April 2017, United Cinemas Co., Ltd. opened a cinema complex in Aqua
City Odaiba. United Cinemas Co., Ltd. operates a total of 39 sites with 353 screens (includes those undermanagement contract) at its cinemas nationwide as of the end of May 2017.
As a result, Entertainment-related Business posted gross operating revenue of 19,096 million yen (up 11.1%
from previous fiscal year) and segment profit of 1,316 million yen (up 39.7% from previous fiscal year).
(Other Business)
In addition to the aforementioned businesses, the Group is also involved in the Overseas Business and the
Financial Services-related Business.
With regards to Overseas Business, the Group’s operating companies opened LAWSON stores in the People’s
Republic of China, Thailand, Indonesia, the Philippines, and the United States of America (Hawaii).
In the People’s Republic of China, after being the first Japanese convenience store operator to advance into
Shanghai, we made inroads into Chongqing, Dalian, Beijing, and Wuhan. In Wuhan, where we marked our firstanniversary in May 2017, the number stores exceeded 100 stores and will be expanded steadily. The total numberof stores in China reached 1,093 as of the end of May 2017.

6

[Distribution of LAWSON Brand Stores Overseas by Region]

Country/Region

Number of stores

Change during

Number of stores(As of February 28,

period(As of May 31,

2017)

2017)

China Shanghai and surrounding area

665

37

702

China Chongqing

136

8

144

China Dalian

82

5

87

China Beijing

48

10

58

China Wuhan

72

30

102

Thailand

85

4

89

Indonesia

36

(1)

35

Philippines

30

－

30

United States of America Hawaii

2

－

2

1,156

93

1,249

Total

Lawson ATM Networks, Inc., which operates a Financial Services-related Business, continued contributing
to consolidated results owing to an increase in the number of ATMs installed. We strengthened partnerships
with new financial institutions bringing the total number of our financial institution partners to 88 nationwide(up 1 from previous fiscal year), including online banks, and the number of ATMs installed nationwide to11,958 (up 46 from previous fiscal year) as of the end of May 2017.
As a result, Other Business posted gross operating revenue of 14,012 million yen (up 14.2% from previous
fiscal year) and segment profit of 67 million yen (down 83.0% from previous fiscal year.)Through Lawson Bank Preparatory Company, Inc., established in November 2016, we are continuing towork on establishing a bank by leveraging Lawson’s past experience in financial services. We are proceedingon the assumption that approval from the relevant authorities will be obtained.

7

(2) Explanation Regarding Consolidated Financial Position
Current assets increased by 36,243 million yen from the end of the previous fiscal year to 285,522 million
yen, mainly reflecting an increase of 29,957 million yen in cash and deposits. Non-current assets increased
by 7,299 million yen from the end of the previous fiscal year to 624,598 million yen, mainly reflecting an
increase of 3,835 million yen in property and store equipment. Consequently, total assets increased by 43,543
million yen from the end of the previous fiscal year to 910,121 million yen.
Current liabilities increased by 52,241 million yen from the end of the previous fiscal year to 409,024
million yen, mainly reflecting an increase of 70,607 million yen in deposits received, and a decrease of 29,750
million yen in short-term loans payable. Non-current liabilities increased by 2,230 million yen from the endof the previous fiscal year to 226,029 million yen, mainly reflecting an increase of 1,955 million yen in leaseobligations. Consequently, total liabilities increased by 54,472 million yen from the end of the previous fiscal
year to 635,053 million yen.
Net assets decreased by 10,928 million yen from the end of the previous fiscal year to 275,067 million
yen, mainly reflecting decreases of 5,043 million yen and 3,468 million yen in non-controlling interests andretained earnings, respectively. Consequently, shareholders’ equity ratio was 29.5%, down from 31.7% as ofthe end of the previous fiscal year.
(3) Explanation Regarding Forward-looking Statements
Regarding the financial forecasts for the first half and full year of the current fiscal year ending February
28, 2018, the financial forecasts remain unchanged from those announced on April 12, 2017.

8

2. Consolidated Financial Statements and Main Notes(1) Consolidated Balance Sheet
As of February 28, 2017 and May 31, 2017
(Millions of yen)

AssetsCurrent assets:
Cash and deposits
Accounts receivable-due from franchised stores
Lease receivables
Merchandise
Accounts receivable-other
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets:
Property and store equipment:
Buildings and structures, net
Tools, furniture and fixtures, net
Leased assets, net
Other, net
Total property and store equipment
Intangible assets:
Software
Goodwill
Trademark right
Other
Total intangible assets
Investments and other assets:Long-term loans receivable
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

9Previous fiscal year
As of
February 28, 2017

Current 1st Quarter
As of
May 31, 2017

68,11539,982
12,33618,13078,363
3,907
28,493(50)
249,278

98,072
41,537
12,21919,30980,2322,590
31,609(49)
285,522

183,747
18,581
110,472
11,708324,510

183,717
18,400113,666
12,561
328,345

37,56746,041
10,691499
94,80039,71545,215
10,537531
95,99944,495
95,594
23,13835,728(968)
197,988617,299
866,577

44,191
97,482
22,78136,787(988)
200,253624,598
910,121

(Millions of yen)

Liabilities
Current liabilities:
Accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Accounts payable-other
Income taxes payable
Deposits received
Provision for bonuses
Other
Total current liabilities
Non-current liabilities:
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits to executive officers
and audit and supervisory board members
Net defined benefit liability
Asset retirement obligations
Other
Total non-current liabilities
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
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

10Previous fiscal year
As of
February 28, 2017

Current 1st Quarter
As of
May 31, 2017

110,834
31,180575
28,012
59,734
9,876
103,156
3,427
9,985
356,783

129,2101,430
575
28,99956,115
4,155
173,764
2,432
12,341
409,024

56,70399,983957

56,703
101,939
1,386

332

331

13,083
26,95825,779223,798
580,581

13,281
27,23025,157226,029
635,053

58,50649,083
165,162(1,210)271,541

58,506
46,642
161,693(1,210)265,632

274
(618)
4,610
(927)
3,338
314
10,800285,995
866,577

366
(618)
4,418
(890)
3,276
400
5,757
275,067
910,121

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
For the first quarter of the fiscal year ended February 28, 2017 and the first quarter of the fiscal year ending
February 28, 2018
(Millions of yen)

Gross operating revenue
Net sales
Cost of sales
Gross profit
Operating revenue:
Income from franchised stores
Other operating revenue
Total operating revenue
Operating gross profit
Selling, general and administrative expenses
Operating income
Non-operating income:Interest income
Share of profit of entities accounted for using equity
methodCompensation income
Other
Total non-operating income
Non-operating expenses:
Interest expenses
Loss on cancellation of leases
Loss on disaster
Other
Total non-operating expenses
Ordinary income
Extraordinary income:Gain on sales of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses:
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment loss
Total extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

11

Previous 1st Quarter
From March 1, 2016
to May 31, 2016
148,911
58,12739,756
18,371

Current 1st Quarter
From March 1, 2017
to May 31, 2017
159,216
64,38444,05520,32866,872
23,91190,783
109,155
91,703
17,45170,50924,322
94,832
115,160
98,90816,252

201

174

169

180

45
489
906

169
211
735

496
371
407
406
1,681
16,676

478
254
－
272
1,005
15,982

－
－

302
302

52
742
356
1,151
15,524
3,040
3,464
6,505
9,019
195
8,823

149
734
205
1,088
15,196
3,317
2,066
5,384
9,812
214
9,597

Consolidated Statement of Comprehensive Income
For the first quarter of the fiscal year ended February 28, 2017 and the first quarter of the fiscal year ending
February 28, 2018
(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests

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Previous 1st Quarter
From March 1, 2016
to May 31, 2016
9,019

Current 1st Quarter
From March 1, 2017
to May 31, 2017
9,812

(554)
(444)
6
(991)
8,027

92
(187)
37
(57)
9,754

7,866
160

9,535
219

(3) Notes to Consolidated Financial Statements(Going Concern Assumption)
Not Applicable.
(Notes to Significant Changes in the Amount of Shareholders’ Equity)
Not Applicable.
(Additional Information)
The Company and its domestic consolidated subsidiaries are applying “Implementation Guidance on
Recoverability of Deferred Tax Assets” (Accounting Standards Board of Japan (ASBJ) Guidance No. 26,
revised March 28, 2016) from the first quarter of the fiscal year ending February 28, 2018.

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