Summary of Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending May 31, 2017
(From June 1, 2016 to November 30, 2016)[Japanese GAAP]
December 28, 2016
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, 2016
Planned Starting Date for Dividend Payments:
January 31, 2017
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, 2017 (June 1, 2016 – November 30, 2016)(1) Consolidated Financial Results (Cumulative)(% indicates year-on-year change)
Net Sales

Operating Income

Profit Attributable toOwners of Parent

Ordinary Income

million yen％

million yen％million yen％millions yen％FY 5/2017 Q2

5,605(5.4)

135(58.7)

140(58.5)80(60.7)

FY 5/2016 Q2

5,923

0.8327–

338626.3

205–(Note) Comprehensive Income

FY 5/2016 Q2: 204 million yen (–%)

FY 5/2017 Q2: 80 million yen (-60.6%)
DilutedNet Income per ShareNet Income per Shareyenyen

FY 5/2017 Q2

10.32

–

FY 5/2016 Q2

26.36

–

(2) Consolidated Financial Position
Net Assets

Total Assets

Shareholders’ Equity Ratio

million yen

million yen％

FY 5/2017 Q2

4,059

2,28356.1

FY 5/2016

4,110

2,32056.3(Reference) Shareholders’ Equity

FY 5/2017 Q2: 2,278 million yen

FY 5/2016: 2,315 million yen

2. Dividends
Dividends per Share
End of Q1

End of Q2

End of Q3

Fiscal Year End

Annualyenyenyenyenyen

FY 5/2016–15.00

–

15.00

30.00

FY 5/2017–15.00
–

15.00

30.00

FY 5/2017(Forecast)(Note) Revisions to dividend forecasts published most recently: None

3. Consolidated Results Forecasts for the Fiscal Year Ending May 31, 2017 (June 1, 2016 – May 31, 2017)(% indicates year-on-year change)

Net Sales

FY 5/2017

Operating Income

Profit Attributable toOwners of Parent

Ordinary Income

Net Incomeper Sharemillion yen％million yen％million yen％million yen％

yen

11,4920.2

421(26.1)425(32.1)

256(38.0)

32.78(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 5/2017 Q2
FY 5/2016
FY 5/2017 Q2
FY 5/2016
FY 5/2017 Q2
FY 5/2016 Q2None
YesYesNone7,832,400 shares
7,832,400 shares
83 shares
83 shares
7,832,317 shares
7,815,296 shares*Presentation of the implementation status of audit proceduresThis summary of Consolidated Financial Results is not subject to audit procedure under the Financial Institutions and Exchange Act. At the time ofdisclosure of this report, however, the audit procedures for the financial statement are still in progress.

* Notes on appropriate use of performance projection and other special remarks
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, 2017
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, 2016)
AssetsCurrent assets
Cash and deposits
Accounts receivable-trade
Work in process
Deferred tax assets
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Guarantee deposits
Deferred taxes assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

The second quarter ofthe reporting fiscal year
(As of November 30, 2016)

2,337,409
453,119
298,917173,076
93,272(271)
3,355,524

2,083,140
549,777
358,165
172,601
95,000(305)
3,258,379

112,254
175,702148,657
173,971407,689
35,321
23,909(31)
466,888754,845
4,110,369

421,141
32,12625,376(149)
478,495
801,124
4,059,504

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2017
ERI Holdings Co., Ltd. (Securities Code 6083)(Unit: thousand yen)Previous fiscal year
(As of May 31, 2016)
Liabilities
Current liabilities
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received
Other
Total current liabilities
Non-current liabilities
Net defined benefit liability
Long-term accounts payable - otherTotal non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Non-controlling interests
Total net assets
Total liabilities and net assets

The second quarter ofthe reporting fiscal year
(As of November 30, 2016)

171,833
578,133
164,579
572,408
143,035
1,629,989

189,972
570,945
58,495
702,446
103,322
1,625,181

92,47567,780160,255
1,790,244

83,25767,780151,037
1,776,218

992,784
26,304
1,296,225(70)
2,315,243
4,882
2,320,125
4,110,369

992,784
26,304
1,259,595(70)
2,278,613
4,671
2,283,285
4,059,504

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2017
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 income
Non-operating income
Interest income
Dividend income of insuranceCommission fee
Insurance premiums refunded cancellation
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on guarantees
Miscellaneous loss
Total non-operating expenses
Ordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

The second quarter ofthe previous fiscal year
(From June 1, 2015
to November 30, 2015)
5,923,650
4,203,566
1,720,083
1,392,537
327,546

The second quarter ofthe reporting fiscal year
(From June 1, 2016
to November 30, 2016)
5,605,546
4,025,078
1,580,467
1,445,349
135,117

1,335
5,865
1,141
20,880766
29,989

14
4,667
901
968
6,552

1,320
17,202
86
18,610338,925

888
128
1,017
140,652

2,771
2,771
336,154
137,523(5,905)
131,618
204,536(1,445)205,982536
536
140,11655,802
3,669
59,47180,645(210)
80,855

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2017
ERI Holdings Co., Ltd. (Securities Code 6083)

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

ProfitOther comprehensive incomeTotal 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, 2015
to November 30, 2015)
204,536

The second quarter ofthe reporting fiscal year
(From June 1, 2016
to November 30, 2016)
80,645204,536

80,645205,982

80,855(1,445)(210)

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2017
ERI Holdings Co., Ltd. (Securities Code 6083)(3) Quarterly Consolidated Statements of Cash Flows(Unit: thousand yen)

The second quarter ofthe previous fiscal year
(From June 1, 2015
to November 30, 2015)
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for loss on guarantees
Interest income
Interest expenses
Loss on retirement of non-current assets
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
OtherSubtotal
Interest and dividend income received
Interest expenses paid
Payments for loss on litigation
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Proceeds from redemption of securities
Purchase of non-current assets
Payments for guarantee deposits
Proceeds from collection of guarantee deposits
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of long-term loans payable
Cash dividends paid
Proceeds from disposal of treasury sharesNet 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, 2016
to November 30, 2016)

336,154
31,014(24,403)(1,335)
1,320
2,771

140,116
38,721
(14)
888
536

(45,137)(96,728)

34,726(13,988)(55,527)(35,298)(118,527)
111,768
1,342(1,742)(17,000)(99,667)(5,298)(59,247)
27,307(7,187)130,037(32,560)
141,869
16(888)(174,754)(33,757)

100,000(28,393)(16,759)
7,501
33,233
95,582(85,468)(16,489)(1,603)(103,561)(86,998)(101,481)
35,596(152,883)(62,599)
2,341,318
2,278,719(116,950)(116,950)(254,269)
2,336,808
2,082,538