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 Three Months Ended June 30, 2017
(Based on Japanese GAAP)
July 31, 2017
Company name:
CREO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

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

Junichi Kakizaki

Inquiries:
Managing Director, Financial Director
Scheduled date to file Quarterly Securities Report:

Takashi Ameda
August 14, 2017

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

NoTEL

03-5783-3560(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2017 (from April 1, 2017 to June 30, 2017)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2017
Three months ended June 30, 2016

Millions of yen
2,577
2,420

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
6.5
(115)
–(111)–(127)–
12.2(118)–(101)–(114)–Earnings per share

Diluted earnings per share

Yen(15.34)(13.23)Three months ended June 30, 2017
Three months ended June 30, 2016

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2017
As of March 31, 2017

Net assets

Millions of yen
6,813
7,255

Equity ratio

Millions of yen
4,880
5,160%
71.2
70.7

2. Cash dividends
Annual dividends per share

Year ended March 31, 2017
Year ending March 31, 2018

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen–

Yen–

Yen
13.00

Yen
13.00

0.00

–

14.00

14.00

Year ending March 31, 2018 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ending
5,660
5.2
10–
20–
(20)
–
September 30, 2017
Full year
12,500
8.1
400
34.8
410
22.9
280
3.914. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2017(changes in specified subsidiaries resulting in the change in scope of consolidation):Yes(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:

NoNo

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 June 30, 2017

8,650,369 shares As of March 31, 2017

8,650,369 shares

350,662 shares As of March 31, 2017257,720 shares

Number of treasury shares at the end of the period
As of June 30, 2017

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2017

8,338,517 shares Three months ended June 30, 2016

28,651,244 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2017

As of June 30, 2017

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,328
2,234

3,594
1,413

Merchandise and finished goods
Work in process2145

9349

Other278

254

5,990

5,621

352

342

Goodwill
Other

132
468

122438

Total intangible assets

600

561

Investments and other assets
Other335

312

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

Allowance for doubtful accounts

(23)

(23)

Total investments and other assets

312

288

1,265

1,192

7,255

6,813

Accounts payable - trade
Income taxes payable

531
65

443
15

Provision for bonuses
Other

395
948

232
1,096

Total current liabilities

1,941

1,787

26

26

Net defined benefit liability
Asset retirement obligations–59059Other68

59

Total non-current assets
Total assets
Liabilities
Current liabilities

Non-current liabilities
Directors' retirement benefits payable

Total non-current liabilities

154

145

2,095

1,933

Capital stock
Capital surplus

3,149
562

3,149
562

Retained earnings
Treasury shares

1,521
(106)

1,284(148)

Total shareholders' equity

5,127

4,847

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

1

1

Total accumulated other comprehensive income

1

1

Total liabilities
Net assets
Shareholders' equity

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

33130

5,160

4,880

7,255

6,813

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

Three months ended

June 30, 2016

June 30, 2017

Net sales
Cost of sales

2,420
2,038

2,577
2,144

Gross profit

382

432

Selling, general and administrative expenses

501

548

Operating loss(118)(115)

Interest income
Dividend income0100

Subsidy income
Other512–5Total non-operating income

19600

Other

11

Total non-operating expenses

11(101)

(111)

02–0

Non-operating income

Non-operating expenses
Interest expenses

Ordinary loss
Extraordinary losses
Loss on disposal of non-current assets
Other

02

Loss before income taxes

Total extraordinary losses

(101)

(113)

Income taxes - current

75

Income taxes - deferred

4

7

Total income taxes
Loss
Profit attributable to non-controlling interests
Loss attributable to owners of parent

41113(113)(127)

10(114)(127)

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

Loss
Other comprehensive income

Three months ended

Three months ended

June 30, 2016

June 30, 2017
(113)

(127)

Valuation difference on available-for-sale securities(3)0

Total other comprehensive income(3)0Comprehensive income

(116)

(126)

Comprehensive income attributable toComprehensive income attributable to owners of parent

(118)

(127)

10

Comprehensive income attributable to non-controllinginterests

5