Summary of Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending May 31, 2019
(From June 1, 2018 to November 30, 2018)[Japanese GAAP]
December 28, 2018
Company Name:ERI Holdings Co., Ltd.
Listing Exchanges: First section of the Tokyo Stock Exchange
Securities Code:6083
URL: http://www.h-eri.co.jp/
Representative:
Akiyo Masuda, President and COO
For Inquiries, Contact:
Shigeru Kato, Executive Officer, Head of Finance and Accounting GroupTEL:(03)5770-1520
Planned Date for Submission of Quarterly Securities Report: December 28, 2018
Planned Starting Date for Dividend Payments:
January 31, 2019
Supplementary documents for financial results:
Yes
Financial Results briefing:
Yes (for institutional investors and securities analysts)(Amounts are rounded down to the nearest million yen)

1. Consolidated Results for the Second Quarter of the Fiscal Year Ending May 31, 2019 (June 1, 2018 – November 30, 2018)(% indicates year-on-year change)(1) Consolidated Financial Results (Cumulative)
Net Sales

Operating Profit

Profit Attributable toOwners of Parent

Ordinary Profit

million yen％

million yen％million yen％million yen％FY 5/2019 Q2

7,241

24.5

34868.236469.6

232

92.2

FY 5/2018 Q2

5,8183.820653.2

21452.7

12049.4(Note) Comprehensive Income

FY 5/2019 Q2: 234 million yen (95.6%)

FY 5/2018 Q2: 120 million yen (48.9%)

DilutedProfit per ShareProfit per Shareyenyen

FY 5/2019 Q2

30.53–

FY 5/2018 Q2

15.42–(2) Consolidated Financial Position
Net Assets

Total Assets

Shareholders’ Equity Ratio

million yen

million yen％

FY 5/2019 Q2

6,459

2,31435.4

FY 5/2018

6,346

2,29635.7(Reference) Shareholders’ Equity

FY 5/2019 Q2: 2,287 million yen

FY 5/2018: 2,267 million yen

2. Dividends
Dividends per Share
End of Q1

End of Q2

End of Q3

Fiscal Year End

Annualyenyenyenyenyen

FY 5/2018–15.00

–

15.00

30.00

FY 5/2019–15.00
–

15.00

30.00

FY 5/2019(Forecast)(Note) Revisions to dividend forecasts published most recently: None

3. Consolidated Results Forecasts for the Fiscal Year Ending May 31, 2019 (June 1, 2018– May 31, 2019)(% indicates year-on-year change)

Net Sales

FY 5/2019

Operating Profit

Profit Attributable toOwners of Parent

Ordinary Profit

Profitper Sharemillion yen％million yen％million yen％million yen％

yen

14,91613.9757

9.7765

9.0

488

13.6

64.01

(Note) Revisions to performance forecasts published most recently: None

* Notes(1) Changes in significant subsidiaries during the term under review (changes in subsidiaries via share exchange causing a change
in the scope of consolidation): None
(2) Adoption of accounting treatment unique to the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies associated with the revision of accounting standards, etc.:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatement:(4) Number of shares issued (common stock)(i) Shares Outstanding (incl. treasury stock):(ii)

Treasury Stock:(iii) Average Number of Shares Outstanding

FY 5/2019 Q2
FY 5/2018
FY 5/2019 Q2
FY 5/2018
FY 5/2019 Q2
FY 5/2018 Q2

None
None
None
None

7,832,400 shares
7,832,400 shares
292,783 shares
200,083 shares
7,605,243 shares
7,832,317 shares* This report is not subject to audit by certified public accountant or audit firm.
* Cautionary statement with respect to forward-looking statements, and other information.
The performance projections in this report are the forecast based on currently available information and significantly includes uncertainty.
Actual result may differ materially from these projections due to various reasons.

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2019
ERI Holdings Co., Ltd. (Securities Code 6083)

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Unit: thousand yen)Previous fiscal year
(As of May 31, 2018)
AssetsCurrent assets
Cash and deposits
Accounts receivable-trade
Work in process
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
OtherTotal intangible assets
Investments and other assets
Investment securities
Guarantee deposits
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets

The second quarter ofthe reporting fiscal year
(As of November 30, 2018)

2,804,155
713,282446,244
176,366(92)
4,139,957

2,684,120
756,486
492,445
246,635(242)
4,179,444

397,030

443,175

648,996295,251944,248

611,267
308,285
919,553

1,647
441,929
367,61354,525865,716
2,206,994
6,346,951

1,588
518,980
304,80292,257
917,628
2,280,357
6,459,801

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2019
ERI Holdings Co., Ltd. (Securities Code 6083)(Unit: thousand yen)

The second quarter ofthe reporting fiscal year
(As of November 30, 2018)

Previous fiscal year
(As of May 31, 2018)
Liabilities
Current liabilities
Current portion of long-term loans payable
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Net defined benefit liability
Long-term accounts payable - other
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-salesecurities
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

137,100
459,133
819,406
155,580
827,219
223,7032,622,143

137,100
299,395
789,235
86,158934,639
178,476
2,425,004

1,199,625
100,077
90,32337,921
1,427,946
4,050,090

1,474,075
82,63290,32373,376
1,720,407
4,145,411

992,784
7,677
1,469,004(201,870)
2,267,596

992,784
42,236
1,586,734(334,641)
2,287,113

(35)

(73)

(35)
29,3002,296,861
6,346,951(73)
27,3492,314,389
6,459,801

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2019
ERI Holdings Co., Ltd. (Securities Code 6083)(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(Unit: thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income of insuranceCommission feeRent revenue
Compensation income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Miscellaneous loss
Total non-operating expenses
Ordinary profit
Extraordinary income
Compensation for transfer
Total extraordinary income
Extraordinary losses
Branch office transfer expenses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

The second quarter ofthe previous fiscal year(From June 1, 2017
to November 30, 2017)
5,818,401
4,146,204
1,672,197
1,465,230
206,966

The second quarter ofthe reporting fiscal year
(From June 1, 2018
to November 30, 2018)7,241,192
5,149,055
2,092,137
1,743,930
348,206

41
6,491
829
1,480
8,842

14
9,001
1,125
3,359
3,844
2,942
20,288

987
70
1,058
214,751

4,330
25
4,356
364,138-

40,08040,080214,751
93,0691,615
94,684
120,066(736)
120,803

11,453
11,453392,765
95,067
62,831
157,898
234,866
2,652
232,214

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2019
ERI Holdings Co., Ltd. (Securities Code 6083)

Quarterly Consolidated Statements of Comprehensive Income(Unit: thousand yen)

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable toowners of parent
Comprehensive income attributable tonon-controlling interests

The second quarter ofthe previous fiscal year
(From June 1, 2017
to November 30, 2017)
120,066

The second quarter ofthe reporting fiscal year
(From June 1, 2018
to November 30, 2018)234,866–(38)–120,066(38)
234,827

120,803

232,176

(736)

2,651

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2019
ERI Holdings Co., Ltd. (Securities Code 6083)(3) Consolidated Statements of Cash Flows(Unit: thousand yen)

The second quarter ofthe previous fiscal year
(From June 1, 2017
to November 30, 2017)
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Interest income
Interest expenses
Compensation for removal
Branch office transfer expenses
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in advances received
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Purchase of non-current assets
Payments for guarantee deposits
Proceeds from collection of guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Cash dividends paid
Dividends paid to non-controlling interests
Purchase of treasury shares
Proceeds from disposal of treasury shares
Other, net
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

The second quarter ofthe reporting fiscal year
(From June 1, 2018
to November 30, 2018)

214,751
45,631
6,037
(41)
987
-

392,765
63,89337,728(14)
4,330(40,080)
11,453(66,761)(43,203)(34,681)3,016
490
82,528
7,493
259,45143(1,099)(63,835)
194,559(46,200)(188,929)(30,924)
107,419(72,346)
195,892
39(4,646)(170,877)
20,407(120,690)-(46,713)(841)(1,557)(169,802)(105,716)(87,923)
209(2,030)(195,461)

684,000(117,293)
566,706
591,464
2,103,670
2,695,135

343,000(68,550)(113,997)(1,500)(342,686)
242,719(3,966)55,018(120,035)
2,803,553
2,683,518