Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2015
(Based on Japanese GAAP)
October 30, 2015
Company name:
CREO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9698
URL http://www.creo.co.jp
President and Representative Director

Yuji Anan

Inquiries:
Executive Officer, Financial DirectorScheduled date to file Quarterly Securities Report:

Takashi Ameda
November 13, 2015

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

Yes

TEL

03-5769-3640(for analysts, institutional investors and general investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2015 (from April 1, 2015 to September 30, 2015)(1) Consolidated operating results (cumulative)

Six months ended September 30, 2015
Six months ended September 30, 2014

Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
4,739 (12.6)
87(4.4)103
8.1
251 677.5
5,425
1.8
91 (41.1)
95 (39.6)
32 (63.3)
Earnings per share

Diluted earnings per share

Yen
29.01
3.73

Six months ended September 30, 2015
Six months ended September 30, 2014

Yen––(2) Consolidated financial position
Total assetsAs of September 30, 2015
As of March 31, 2015

Net assets

Millions of yen
6,650
7,159

Equity ratio

Millions of yen
4,998
4,799

%
74.6
66.5

2. Cash dividends
Annual dividends per share

Year ended March 31, 2015
Year ending March 31, 2016

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen–

Yen
5.00

Yen
5.00

–

5.00

5.00

Year ending March 31, 2016 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen%
Full year
10,000 (12.5)
300 (21.3)
350
64.014. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2015(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2015

9,237,319 shares As of March 31, 2015

9,237,319 shares

582,908 shares As of March 31, 2015

581,646 shares

Number of treasury shares at the end of the period
As of September 30, 2015

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2015

8,655,252 shares Six months ended September 30, 2014

2

8,657,415 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2015

As of September 30, 2015

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,553
2,149

3,704
1,565

Merchandise and finished goods
Work in process

2420419268

Other

186

190

6,118

5,747

202

173

Other

488

416

Total intangible assets

488

416

Investments and other assets

350

312

1,041

902

7,159

6,650

Current liabilities
Accounts payable - trade

433

340

Income taxes payable
Provision for bonuses

43
461

39
403

Provision for sales returns
Other

79
1,220–
762

Total current liabilities

2,237

1,544

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Total non-current assets
Total assets
Liabilities

Non-current liabilities
Directors' retirement benefits payable2626

Asset retirement obligations
Other534249
31

Total non-current liabilities

122106

2,360

1,651

Capital stock
Capital surplus

3,149
743

3,149743

Retained earnings
Treasury shares

1,013
(178)

1,221
(179)

Total shareholders' equity

Total liabilities
Net assets
Shareholders' equity

4,728

4,935

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

32

23

Total accumulated other comprehensive income

32

23

Non-controlling interests
Total net assets
Total liabilities and net assets

339

39

4,799

4,998

7,1596,650

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended

Six months ended

September 30, 2014

September 30, 2015

Net sales
Cost of sales

5,425
4,233

4,739
3,837

Gross profit

1,191901

Selling, general and administrative expenses

1,100814

9187

Interest income
Dividend income

0101

Insurance income
Subsidy income

2––
11Other12

Total non-operating income

4160000

Operating income
Non-operating incomeNon-operating expenses
Interest expenses
Other
Total non-operating expenses

0095

103

Gain on sales of shares of subsidiaries
Other––

204
0

Total extraordinary income–

204

Ordinary income
Extraordinary income

Extraordinary losses
Settlement package

10–

Other

00

Total extraordinary losses

100

Income before income taxes and minority interests

85307

Income taxes - current

49

53

Income taxes - deferred

11

Total income taxes

51

54

Profit33

253

Profit attributable to non-controlling interests

12

Profit attributable to owners of parent

32

251

4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Six months ended

Six months ended

September 30, 2014

September 30, 2015
33253

Valuation difference on available-for-sale securities

2(8)Total other comprehensive income2(8)Comprehensive income

35244

Comprehensive income attributable toComprehensive income attributable to owners of parent

34242

12

Comprehensive income attributable to non-controllinginterests

5Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Income before income taxes and minority interests

Six months ended

Six months ended

September 30, 2014

September 30, 2015
85307

Depreciation
Amortization of goodwill

249
1103–

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses023(0)(23)

Increase (decrease) in provision for sales returns
Interest and dividend income

99(1)

–(1)

Interest expenses
Loss on retirement of property, plant and equipment

0000

Settlement package
Loss (gain) on sales of shares of subsidiaries

10––(204)

Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories

(185)
(180)

498
(77)

Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in accounts payable - other

46
(108)

(56)
(49)

Other, net

150

(44)

Subtotal

190

452

Interest and dividend income received

1

1Interest expenses paid
Income taxes paid

(0)
(83)

(0)
(52)

Net cash provided by (used in) operating activities

108

401

(18)

(11)

Purchase of intangible assets
Purchase of investment securities

(170)
(0)

(160)
–Payments for guarantee deposits
Proceeds from collection of guarantee deposits

(73)
20(0)
0–(30)

–(3)

(0)

(0)

(242)

(204)

Cash flows from investing activities
Purchase of property, plant and equipment

Payments of loans receivable
Payments for sales of shares of subsidiaries resulting inchange in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests

(0)

(0)

(42)
(0)

(43)
(1)

Other, net

(0)

(0)

Net cash provided by (used in) financing activities

(44)

(45)

Net increase (decrease) in cash and cash equivalents

(178)

150

Cash and cash equivalents at beginning of period

3,148

3,553

Cash and cash equivalents at end of period

2,970

3,704

6