Consolidated business results
Financial Results for the year ended March 31,2018

May 8, 2018

ROUND ONE corporation

TSE First section

Code No.4680
URL http://www.round1.co.jp/C.E.O. and President
Masahiko Sugino
Senior Executive Director Head of Administration Unit
Shinji Sasae
Expected date of Regular General Shareholder's Meeting : June 23, 2018.
Expected date of presentation of securities report : June 25, 2018.
Expected date of dividend payment : June 25, 2018.

Tel : +72-224-5115( Figures are rounded down to the nearest million yen.)

1. Business Results for the year ended in March 2018. ( April 1, 2017 to March 31, 2018 )(1) Operating Results( % is percentage change comparing to previous term.)

Sales

Operating income\mn(Note)

Comprehensive income\mn％

95,91087,776FY2017 (2018/3)
FY2016 (2017/3)

9.3
5.1

\mn％

Return onequity

Ordinary income to Operating income tosales ratio
total assets ratio
％％

-15.6
5.4

9.8
5.7

Equity ratio

Net assets per share

207.5
509.0

FY2016 : \3,049mn -%

％

88.29
28.71

Investment gains and losses by the equity method％

Net income per share,
fully diluted

57.7
4.9

\(Note)8,411
2,73575.3
8.4

FY2017 : \7,719mn 153.1%

FY2017 (2018/3)
FY2016 (2017/3)\mn％

10,267
5,858

10,537
6,681

Earnings per share

Profit attributable toowners of parent

Ordinary income

11.0
7.6

FY 2017 : None , FY 2016 : None(2) Financial Status
Total assets

Net assets\mn(Note)％\56,720
50,872

\mn

53.0
50.0

595.40534.00Cash flow by
investing activities

Cash flow byfinancing activities

106,898
101,712FY2017 (2018/3)
FY2016 (2017/3)
Shareholder's equity

FY2017 : \56,682mn , FY2016 : \50,872mn(3) Cash Flow
Cash flow by
operating activities\mn\mn\mn(7,448)(3,527)

24,21017,217FY2017 (2018/3)
FY2016 (2017/3)

Cash and cash equivalents
at the end of period\mn23,43920,197(13,286)(16,964)

2.Dividend Payment
Annual dividend per share
1Q
FY2017 (2018/3)
FY2016 (2017/3)
FY2018(2019/3)(estimate)

Dividend payout
ratio

Ratio of dividends paid
to shareholder's equity(annual)(Consolidated)(Consolidated)

AnnualTerm

3Q

2Q

Total amount ofdividend\\\\\-

10.00
10.00
10.00

-

10.00
10.00
10.00

20.00
20.00
20.00

\mn

1,905
1,905％％

69.7
22.7
30.1

3.8
3.5

3.Forecasts for the FY2018. ( April 1, 2018 to March 31, 2019 )( % for term is percentage change comparing to previous term , % for quarter is percentage change comparing to the same quarter in previous term.)

Sales (Consolidate)\mn

Ordinary Income(Consolidate)

Operating Income(Consolidate)\mn％\48,940

5.8

5,000

17.1

4,730

16.1

3,000

22.1

31.49

FY2018(2019/3)

101,400

5.711,550

9.6

11,0007.1

6,320(24.9)

66.34％-1-％\mn

Earnings per share(Consolidate)

2nd quarter-end％\mnProfit attributable to ownersof parent (Consolidate)

4.Others(1) The change of the important subsidiary during the term. (Change in consolidation scope in subsidiary.)None(2) Change in accounting method, accounting principle, how to disclose, and others to make the consolidated financial statements.
① Change in accounting standard : None
② Without above ① : None
③ Change in accounting estimate : None
④ Retrospective restatement : None(3) Number of shares outstanding during the term (Common stock)95,452,914
95,452,914 FY2016① Number of shares issued at the term end. ( Include treasury stock) FY2017
189,233 FY2016
186,453② Number of treasury stock at the term end.
FY2017
95,264,893 FY2016
95,268,023③ Number of average stock.
FY2017(Reference)Non-consolidate business results

1. Business Results for the year ended in March 2018. ( April 1, 2017 to March 31, 2018 )(1) Operating Results( % is percentage change comparing to previous term.)

Sales

Operating Income\mnFY2017 (2018/3)
FY2016 (2017/3)

84,33180,525

\mn％

4.7
2.8

Earnings per Share

9,381
4,503

Ordinary Income

\mn％

108.3
12.4

9,335
5,416％

72.4
5.0

Net Income

\mn
7,511
2,851％

163.4-

Net Income per share,fully diluted\FY2017 (2018/3)
FY2016 (2017/3)

-

78.85
29.93

(2) Financial Status
Total Assets

Net Assets\mn
FY2017 (2018/3)
FY2016 (2017/3)(Note)

Shareholder's equity

98,691
92,565

Shareholder's Equity Ratio\mn56,011
50,371

Shareholder's Equity
Per Share％

\56.7
54.4

587.97528.74FY2017(2018/3) : \55,974mn , FY2016(2017/3) : \50,371mn※ This report is not included in the scope of audit.
※ Explanation about the appropriate usage of business prospects and other special notes.
・ The above-mentioned business forecasts were based on the information available as of the date of the release of this report,
no warranty is given as to the realization of the forecasts.
・ Future events may cause the actual results to be significantly different from the forecasts.

-2-

Consolidated Balance sheet - 1(million of yen)
Term

Item

End of Previous Term

End of Current Term(as of March 31, 2017)(as of March 31, 2018)

AmountAmount( Assets )Current assets
Cash and deposit
Accounts receivable
Merchandise
Supplies
OthersCurrent assets total

20,197
744
380
1,218
2,891
25,432

23,439
932
393
1,470
2,689
28,92670,314(34,584)
35,7304,322(2,723)1,599
3,491(3,466)24
5,736
29,075(13,872)
15,202
10,499(7,776)
2,722
61,016
179

74,446(37,186)
37,2604,894(3,056)
1,837
3,396(3,372)
24
5,736
27,221(13,533)
13,687
12,374(8,562)
3,811
62,358
213

19
4,723
10,063276
15,082
76,279101,712

0
5,412
9,758
228
15,39977,972
106,898

Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation
Buildings and structures(Net)
Bowling equipment
Accumulated depreciation
Bowling equipment(Net)
Amusement machines
Accumulated depreciation
Amusement machines(Net)Land
Lease asset
Accumulated depreciation
Lease asset(Net)
Others
Accumulated depreciation
Others(Net)
Tangible fixed assets total
Intangible fixed assets
Investments and other assetsInvestments in capital
Deferred tax assets
Guarantee deposits
OthersInvestments and other assets total
Fixed assets total
Total assets
Note ： Figures are rounded down to the nearest million yen.

-3-

Consolidated Balance sheet - 2(million of yen)Term

End of Previous Term

End of Current Term(as of March 31, 2017)(as of March 31, 2018)

AmountAmountItem( Liabilities )Current liabilities
Account payable
Short-term loans
Bonds to be redeemed within one year
Long-term loans to be repaid within one year
Lease obligation
Corporate tax payable etc.
OthersCurrent liabilities total

676
678
170
4,748
9,327
640
5,492
21,732

960
920
935
4,450
8,250
1,628
7,645
24,791

935
9,909
299
8,646
200
6,257
473
2,384
29,10650,839

7,408
271
7,276
293
6,216
464
3,455
25,38750,17825,021
22,6383,007(330)
50,33625,021
22,6389,513(334)
56,838

(138)
674
535
50,872
101,712

(138)
(17)
(156)
37
56,720106,898

Fixed liabilities
Bonds
Long-term loans
Officer's retirement allowance
Lease obligation
Deferred tax liabilities
Asset retirement obligations
Long-term guarantee deposited
OthersFixed liabilities total
Liabilities total(Net assets)
Shareholder's equity
Capital stock
Capital surplus
Profit reserve
Treasury stock
Shareholder's equity total
Difference from revaluation andexchange rate changes
Difference for land revaluation
Foreign currency translation adjustments
Accumulated other comprehensive income
Share acquisition rights
Net assets total
Total liabilities and net assets
Note ： Figures are rounded down to the nearest million yen.

-4-Consolidated Income Statement(million of yen)

SalesCost of sales
Gross profit
Selling, general & administrative expenses
Operating income

Previous Term

Current Term

From April 1, 2016

From April 1, 2017

to March 31, 2017

to March 31, 2018

AmountAmount87,77678,840
8,935
2,253
6,681

95,91083,067
12,842
2,304
10,537

31
46
60
96
234

18
46
78
127
270

571
387
99
1,058
5,858

495
4
41
540
10,267

58
66
124

-

427
1,598
68
302
2,396
3,586
287
563
850
2,735
2,735

381
717
1,098
9,168
1,611(853)
757
8,411
8,411

2,735

8,411

314
314(691)
(691)

3,049

7,719

3,049

7,719

Non-operating income
Interest and dividend income
Operations consignment fee
Subsidy income
OthersNon-operating income total
Non-operating expenses
Interest expense
Foreign exchange losses
OthersNon-operating expenses total
Ordinary income
Extraordinary gain
Gain on sales of property, fixed assets
Insurance income
Extraordinary gain total
Extraordinary loss
Loss on disposal of property, fixed assets
Impairment loss
Loss on disaster
Loss on closing of stores
Extraordinary loss total
Pretax net income for the current term
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent
Note : Figures are rounded down to the nearest million yen.

ProfitOther comprehensive income
Foreign currency translation adjustments
Total other comprehensive income
Comprehensive income(Detail)Comprehensive income attributable to owner of the parent
Comprehensive income attributable to non controling interest-5---

Consolidated Statement of changes in Shareholders Equity
Previous Term (From April 1,2016 to March 31,2017)(million of yen)
Shareholders' equity
Capital stock
Balance as of termbeginning
Change in current term
Dividends of profit reserve
Profit attributable toowners
Purchase of treasury
stock
Change in current term
without capital stock
items
Change in current term
total
Balance as of term ending

Balance as of term
beginning
Change in current term
Dividends of profit reserve
Profit attributable toowners
Purchase of treasury
stock
Change in current term
without capital stock
items
Change in current term
total
Balance as of term ending

Capital surplus

25,021

Profit reserve

24,543

Shareholders' equity
total

Treasury stock
272(328)(1,905)49,508(1,905)

2,735

2,735
(2)

(2)

-(1,905)

2,735

(2)

828

25,021

22,638

3,007

(330)

50,336

Accumulated other Comprehensive income
Total accumulated
Difference for land
Foreign currency
other comprehensive
revaluationtranslation adjustment
income
(138)

360

221

Net assets total

49,730(1,905)
2,735
(2)

314

314

314

-

314

314

1,142

(138)

674

535

50,872-6-

Consolidated Statement of changes in Shareholders Equity
Current Term (From April 1,2017 to March 31,2018)(million of yen)
Shareholders' equity
Capital stock
Balance as of term
beginning
Change in current term

Capital surplus

25,021

Profit reserve

22,638

Shareholders' equity
total

Treasury stock

3,007

(330)

50,336

Dividends of profit reserve(1,905)(1,905)

Profit attributable to ownersof parent

8,411

8,411

Purchase of treasurystock
Change in current term
without capital stock
items
Change in current term
total
Balance as of term ending

(3)

--

6,506

(3)

6,502

25,021

22,638

9,513

(334)

56,838

Accumulated other Comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeDifference for land
revaluation
Balance as of term
beginning
Change in current term

(3)

(138)

674

535

Share acquisitionrightsNet assets total-50,872

Dividends of profit reserve(1,905)

Profit attributable to ownersof parent

8,411

Purchase of treasury
stock
Change in current term
without capital stock
items
Change in current term
total
Balance as of term ending

(3)
(691)

(691)

37

(654)

-

(691)

(691)

37

5,848

(138)

(17)

(156)

37

56,720-7-Consolidated Statement of Cash Flow(million of yen)Previous Term

Current Term

From April 1, 2016
to March 31, 2017

From April 1, 2017
to March 31, 2018

AmountAmountCash flow from operating activities
Net income before taxes
Depreciation expenses
Impairment loss
Increase(decrease) in officer's retirement allowanceInterest and dividend received
Interest paid
Fixed assets sales loss(gain)
Fixed assets disposal losses
Decrease(increase) in account receivables
Decrease(increase) in inventory
Increase(decrease) in account payable
Decrease (increase) in consumption taxes refund receivable
Increase (decrease) in accrued consumption taxes
OthersSubtotalInterest and dividends received
Interest paid
Corporate taxes refund
Corporate taxes paid
Total cash flow from operating activities
Cash flow from investing activities
Payment for acquisition of fixed asset investment
Proceeds from sales of fixed asset
Payments for asset retirement obligation
Payment for guarantee deposits
Proceeds from collection of guarantee deposits
OthersTotal cash flow from investing activities
Cash flow from financing activities
Increase(decrease) in short-term loan
Payment for lease obligation
Proceeds from long-term loans
Payment for long-term loans
Payment for bond redemption
Repayments deposits received
Proceeds deposits received
Payment for acquisition treasury stock
Dividend payments
Total cash flow from financing activities
Effect of exchange rate changes on cash and cash equivalents
Increase(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of term
Cash and cash equivalents at end of term
Note : Figures are rounded down to the nearest million yen.

-8-

3,586
11,940
1,598
20
(31)
571
(58)
427
(96)
(16)
194
(372)
(315)
1,125
18,57213(565)
2(805)
17,217

9,168
11,843
717
(28)
(18)
495
381
(194)
(298)
316
372
1,231
956
24,9434(492)
382(628)
24,210(5,237)
1,460
(306)
(239)
762
32
(3,527)(7,721)
(204)
519
(42)
(7,448)(9,208)1,500(7,716)
(170)
(30)
567
(2)
(1,905)(16,964)273(3,002)
23,19920,197242(9,665)2,300(5,098)
(170)
(60)
1,075
(3)
(1,905)(13,286)
(233)
3,242
20,19723,439-8-