TRANSLATION FOR REFERENCE PURPOSE ONLYThis notice has been translated from the original Japanese text of the timely disclose statement and is forreference purpose only. In the event of any discrepancy between the original Japanese and this translation, theJapanese text shall prevail.

May 10, 2017
To whom it may concern:
Company Name: Asahi Holdings, Inc.
Representative:

Mitsuharu Terayama, President & CEO(Code: 5857, First Section of the Tokyo Stock Exchange)
Contact:

Koji Sasaya, Human Resource and General
Administration Department, CorporatePlanning & Communications Department
General Manager(Phone: +81-3-6270-1833)

Notice on the recording of goodwill impairment loss and differences between performance
forecasts for the financial year and non-consolidated results, and actual results
This is to notify, as shown below, that the Company recorded goodwill impairment loss in the consolidated
financial results for the fourth quarter ended March 31, 2017 and registered differences between its
consolidated performance forecasts for the financial year ended March 31, 2017 (April 1, 2016 to March
31, 2017) and non-consolidated results for the previous period, both released on May 10, 2016, and theactual figures released today.

Details
1. Impairment loss recorded
Following the deterioration of business environment and decrease in the revenue of Asahi Refining, aconsolidated subsidiary, the Company decided to record all the balance of goodwill at 7,512 million yen
as of the end of March, 2017 as impairment loss after carefully examining its future recoverability.

2. Differences with performance forecast values(1) Difference between consolidated performance forecasts for the financial year ended March 2017 andactual figure (April 1, 2016 to March 31, 2017)（Millions of Yen）
Profit attributable

Operating

Profit before

incometax

110,000

10,00010,0006,600

202.46

Actual Figure（Ｂ）

106,828

2,038

1,751

(1,213)(37.24)

Change（Ｂ－Ａ）(3,171)(7,961)(8,248)(7,813)－

Change (%)(2.9)(79.6)(82.5)－－

119,352

6,057

5,868

2,867

Revenue
Previous Forecast（Ａ）（Announced on May 10, 2016）（Ref.）the fiscal year ended
March 31, 2016

toowners of parent

Basic earningper share

87.48

(2) Difference between non-consolidated results for the financial year ended March 2017 and actual
figure (April 1, 2016 to March 31, 2017)（Millions of Yen）
OperatingOrdinary

incomeincome

6,865

5,604

5,764

5,670

173.01

Actual Figure（Ｂ）

6,183

4,846

5,079

(11,711)(359.25)

Change（Ｂ－Ａ）

(682)

(758)

(684)

(17,381)－

Change(%)(9.9)(13.5)(11.9)－－

Revenuethe fiscal year ended
March 31,2016（Ａ）

Net income per

Net incomeshare(3) Reasons behind the differences
The precious metal business, the volume of collection in the precious metals recycling business inJapan, environmental preservation business and life & health business progressed as planned
overall. However, recording of the impairment loss as described above resulted in operating incomeof 2,038 million yen.
(Non-Consolidated results)
According to recording the impairment loss described above, net income was (11,711) million yen asa result of loss on valuation of shares of subsidiaries and associates and provision of allowance for
doubtful accounts was booked based on Japan GAAP. No impact to consolidated results because therecord of loss on valuation of shares of subsidiaries and associates and provision of allowance for
doubtful accounts was intra-Group transactions.

3.

DividendThe basic policy of our group is to enhance corporate value through the maintenance and further
growth of its secure earning power and to meet the expectations of shareholders through stabledividend payment.
Dividend for the year ended March 31, 2017 was maintained at 30 yen per share since impairment
loss announced this time was temporary and non-cash expense. The planned annual dividend for theyear ended March 31, 2018 is 60 yen per share.

4.

Prospects
The consolidated performance forecast for the year ended March 31, 2018 (next financial year) is asshown below. Please also refer to the Summary of Financial Results for the Year Ended March 31,2017 [IFRS] (Consolidated) that was released today.
(Reference) Consolidated performance forecast for the year ended March 31, 2018
(Percentage: Changes relative to corresponding previous period)
OperatingincomeRevenue
Millions of yen%

Millions of yen

Profit before
tax%

Millions of yen

Profit attributabletoowners of parent%

Millions of yen%

Basicearningper share
Yen

Six months ending
September 30, 2017
Year endingMarch 31, 2018

58,00012.2

5,500(3.5)

5,400(1.8)

3,600

(9.6)

110.43120,000

12.3 11,500

464.2

11,300

545.2

7,600

－233.13

The above forecasts have been prepared based on the information available at the time of issuance of
this announcement. Actual results may differ from the aforementioned forecasts due to a variety offactors including economic conditions, financial trends, metal market trends and others.

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