November 8, 2017

Summary of Consolidated Financial Statements
Denka Company Limited
1. Consolidated Financial Results For the First Half of Fiscal Year 2017 ( April to September )(1) Consolidated Results of Operations (Accumulated Total)(Percentages show rate of change compared with the same term of the previous year)
Profit attributable
Operating Income
Ordinary Income
to owners of parent

Net Sales(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)％FY2017 1st Half Apr to Sep

187,843

9.3

14,31045.6

15,450108.0

12,275100.8

FY2016 1st Half Apr to Sep

171,806△ 5.99,825△ 32.87,426△ 45.1

6,114△ 38.1(Note) Comprehensive income
FY2017 1st Half Apr to Sep
FY2016 1st Half Apr to Sep(Millions of Yen)

13,537 ( 1,251.8 ％)1,001 ( △ 88.5 ％)Net income per share

Net income per share(basic)(diluted)
(Yen)

(Yen)

138.9669.10

FY2017 1st Half Apr to Sep
FY2016 1st Half Apr to Sep-The Company has consolidated its shares in the proportion of 5 common shares to 1 common share, effective as of October 1, 2017.
Net income per share is calculated under the assumption that the consolidation of shares was implemented at the beginning of the preceding fiscal year.

(2) Consolidated Financial Position
Total Assets

Equity Ratio

Net Assets per Share(Millions of Yen)

％

(Yen)

470,133
454,944234,787
227,487

49.2
49.1

2,638.21
2,526.42

At end of Sep 2017
At end of Mar 2017
(Reference) Shareholder's equity
At end of Sep 2017
At end of Mar 2017

Net Assets(Millions of Yen)

(Millions of Yen)

231,215
223,565

The Company has consolidated its shares in the proportion of 5 common shares to 1 common share, effective as of October 1, 2017.
Net Assets per share is calculated under the assumption that the consolidation of shares was implemented at the beginning of the preceding fiscal year.

2. Dividends
Dividend per share
End of 1st Quarter End of 1st Half End of 3rd Quarter(Yen)

FY2016 Apr to Mar
FY2017 Apr to Mar
FY2017 Apr to Mar ( Forecast )

-

7.00
10.00

Year-end(Yen)

Annual(Yen)

(Yen)

-

7.00

14.00

-

50.00

(Yen)

(Note) Revisions to dividend forecasts published most recently : Yes
The Company has consolidated its shares in the proportion of 5 common shares to 1 common share, effective as of October 1, 2017. As for the forecast of the year-end
dividends for the fiscal year ending March 31, 2018, we quote the amount that takes into account the impact of the said share consolidation. The dividend forecast that
does not take into account the share consolidation for the fiscal year ending March 31, 2018 is as follows:
Cash dividends per share (end of 2Q) : 10.00 yen( year end ) : 10.00 yen

3. Consolidated Forecasts for the Fiscal Year Ending(Percentages show rate of change compared with the same term of the previous year)
Profit attributable
Net Income Per Share
Operating Income Ordinary Income
to owners of parent

Net Sales

FY2017 Apr to Mar(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)

％

(Yen)

400,000

10.3

32,00023.8

31,00033.9

22,00021.2

250.02(Note) Revisions to financial forecasts published most recently : Yes
The Company has consolidated its shares in the proportion of 5 common shares to 1 common share, effective as of October 1, 2017. As for the forecastof the net income per share for the fiscal year ending March 31, 2018, we quote the amount that takes into account the impact of the said share consolidation.
The forecast of the net income per share that does not take into account the share consolidation for the fiscal year ending March 31, 2018 is as follows:
Net income per share: from April 1, 2017 to March 31, 2018
: 50.00 yen