November 09, 2017

Consolidated Financial Results (Japanese Accounting Standards)
for the Six Months Ended September 30, 2017 (Q2 FY 2017)
Company name:
Stock exchange listing:Stock code:
URL:
Representative:
Contact:

Itoham Yonekyu Holdings Inc.
Tokyo Stock Exchange2296

http://www.itoham-yonekyu-holdings.com
Isao Miyashita, President and Representative Director
Akira Kotake, Manager, Investor Relations Section
Tel. +81-3-5723-6889
November 13, 2017
Yes
Yes(for analysts and institutional investors)

Scheduled date for filing of securities report:
Supplementary documents for quarterly results:
Quarterly results briefing:(Amounts of less than one million yen are truncated)

1. Consolidated Financial Results for the Six Months Ended June 30, 2017 (April 1, 2017–September 30, 2017)(1) Consolidated Results of Operations (Accumulated Total)(% figures show year-on-year change)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Three month ended
Million Yen% Million Yen% Million Yen% Million Yen%
416,637
11,434
12,552
8,418 -11.6
September 30, 2017
4.5
8.8
5.0
398,878
10,512
11,957
9,526September 30, 2016－－－－
7,468 million(114.8%)(Note) Comprehensive income:Six months ended September 30, 2017
Six months ended September 30, 2016
3,476 million( - %)Fully diluted net income
Net income per shareper share
YenYenThree month ended
28.33
28.31
September 30, 2017
32.04
32.01
September 30, 2016
(Note) year-on-year change for September 30, 2016 results not shown as the company was established April 1, 2016
(2) Consolidated financial position

As of September 30, 2017
As of March 31, 2017
(Reference) Shareholders’ equity:

Total assetsNet assets
Million Yen
Million Yen
221,078
378,365
220,033
373,632
213,427 million
As of September 30, 2017
212,519 million
As of March 31, 2017

Equity ratio%
56.4
56.9

2. DividendsFirstquarter-end

Secondquarter-end

Yen
For the year fiscal year ended－
March 31, 2017－
March 31, 2018
For the year fiscal year ending
March 31, 2018
(Forecast)(Note) Changes to most recent dividend forecast: None

Thirdquarter-end

Yen
0.00
0.00

Fiscalquarter-end

TotalYen－Yen
17.00

Yen
17.00

－17.0017.00

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018
(April 1, 2017 to March 31, 2018)
Net Sales

Operating income

Million Yen% Million Yen
840,000
22,500
Full year
6.0(Note) Changes to most recent financial results forecast: None%
4.91(% figures show year-on-year change)
Profit attributable toNet income per shareowners of parent% Million Yen%Yen
16,500 ᇞ8.5
0.555.53

Ordinary income
Million Yen
25,000Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets

As of March 31, 2017
ASSETS
Current assets
Cash and deposits
Notes and account receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netTools, furniture & fixtures, net
Land
Leased assets, netOthers, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Net defined benefit assets
OtherAllowance for doubtful receivables
Total investments and other assets
Total non-current assets
Total Assets2(Million Yen)
As of September 30, 201753,08778,559200
57,956
1,676
16,3237,564(18)215,349

26,220100,177
64,146
1,865
19,7706,682(21)
218,841

31,70624,3491,217
25,8391,489
1,477
86,07932,364
24,3801,280
26,0181,565
1,621
87,231

25,631
2,000
27,631

24,874
1,951
26,82532,970
4,611
7,158
(168)
44,572
158,283
373,632

33,582
5,222
6,805
(143)
45,466
159,523
378,365

As of March 31, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations
Short-term loans payable
Current portion of Long-term loans
Current portion of Bonds payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Net defined benefit liability
Asset retirement obligation
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholder's equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholder's equity
Other accumulated comprehensive incomeValuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plan
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

3(Million Yen)
As of September 30, 2017

61,017513
12,952
3,943
10,0001,991
5,854
25,021
121,294

67,602
1,595
20,531
5,192
2,131
4,528
24,612
126,193

24,205
1,795
1,076
5,226
32,304
153,598

22,347
1,785
1,213
5,74731,093
157,286

30,00098,00579,300(5)
207,300

30,003
97,914
82,664(1,312)
209,269

7,979
(439)
(1,884)
(436)
5,218
220
7,293
220,033
373,632

7,049
(359)
(2,057)
(474)
4,158
257
7,392
221,078
378,365

(2) Consolidated statements of income and comprehensive income(Consolidated statements of income)(April 1 – September 30)

Net sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Rent income
Equity in income of affiliates
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Rent on real estate
Organization expenses
Other
Total non-operating expenses
Ordinary Income
Extraordinary income
Gain on sales of investment securities
Other
Total extra-ordinary income
Extraordinary loss
Loss on retirement of non-current assets
Loss on sales of securities
Loss from valuation of securities
OthersTotal extra-ordinary expenses
Net income before taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Income (loss) attributable to non-controlling interests
Income attributable to owners of parent

Six months ended
September 30, 2016
398,878
336,024
62,85452,341
10,512(Million Yen)
Six months ended
September 30, 2017
416,637
351,529
65,10853,674
11,434

64
159
240
1,428
461
2,355

46
140
197
907
392
1,685

524
91
210
84
910
11,957

473
65
28
567
12,552

1,949
227
2,177

294
71
366

96
47
5
68
218
13,916
2,655
1,521
4,176
9,739
213
9,526

87
0
36
38
162
12,756
3,192
1,066
4,258
8,497
79
8,418

4

(Consolidated statements of comprehensive income)(April 1 – September 30)

Net income
Other comprehensive income
Valuation difference on available-for- sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plan
Share of other comprehensive income of entities accounted forusing equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interesSix months ended
September 30, 2016
9,739

(Million Yen)
Six months ended
September 30, 20178,497(1,696)(156)(2,571)
17215
132
(251)
(38)

(1,855)(1,087)(6,263)
3,476(1,028)
7,468

3,841
(365)

7,357
111

5

(3) Consolidated statements of Cash FlowsSix months ended
September 30, 2016
Cash flows from operating activities
Income before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Amortization of goodwill
Interest and dividend income
Interest expenses
Equity in earnings of affiliates
Loss (Gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable - tradeDecrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in notes and accounts payable
Increase (decrease) in net defined benefit liability
Decrease (increase) in net defined benefit asset
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
OtherNet cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchases of Investments in Securities
Proceeds from Sales of Investments in Securities
Payments of loans receivable
Proceeds from loans receivable
OtherNet cash provided by (used in) investing activities
Cash flows from financing activities
Increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Payments for Redemption of Corporate Bonds
Purchase of Treasury Stock
Cash dividends paid
OtherNet cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Net increase (decrease) in cash and cash equivalents
resulting from share transfer
Cash and cash equivalents at end of period6(Million Yen)
Six months ended
September 30, 2017

13,916
4,449
(739)
766
(224)
524
(1,428)(1,902)(3,050)(3,691)
3,436(1,447)(1,250)
(849)
213
8,724
581
(524)
(3,366)94
5,510

12,756
4,258(1,323)
759
(187)
473
(907)
(294)
(21,443)(9,611)7,649
2,862
25(686)285(5,383)843(493)(5,355)75(10,312)(5,268)(283)(42)
3,013
(318)
165
(144)
(2,877)(5,131)(259)(1,560)
886
(174)
217
140
(5,880)

124
3,651
(441)
(4)
(2,495)
(355)
479
(34)
3,076
30,459

7,238
50
(694)
(10,000)(1,483)(5,048)(286)(10,224)(448)(26,866)
52,78518,065-51,601

25,919