[Translation]

July 29 2016

Consolidated Summary Report of Operating Results for the Second Quarter of Fiscal 2016
(Year ending December 2016) [Japan GAAP]
Company name:

Future Corporation

Shares listed on: First Section of Tokyo Stock Exchange
Security code number 4722
Website: http:// http://www.future.co.jp/hd
Chairman and CEO:Yasufumi Kanemaru, President and COO

Contact:

Yoshihiko Nakajima, Executive OfficerTel.:+81-3-5740-5724

Scheduled submit date of quarterly report: August 12, 2016
Scheduled date for distribution of dividend payments: September 21, 2016
Creation of supplemental material on quarterly financial results:

Yes

Holding of quarterly results briefing: Yes (for institutional investors and securities analysts)(Amount rounded off to million yen)

1. Consolidated Results for the Second Quarter of Fiscal 2016 (January 1, 2016 to June 30, 2016)(1) Consolidated operating results (accumulated total)
Net sales(Percentages are year-on-year changes)

Operating income

Million yen%

Profit attributable toowners of parent%

Million yen%

Million yen%

2Q, Fiscal 2016
17,225
1.1
1,937
(7.5)
2Q, Fiscal 2015
17,033
4.0
2,093
11.6
(Note) Comprehensive income 2Q, Fiscal 2016: 1,220 million yen (-4.3%)
2Q, Fiscal 2015: 1,275 million yen (25.9%)

1,900
2,102

(9.6)
11.7

1,129
1,197

(5.7)
16.1

Profit per share (fully
diluted)Profit per share
2Q, Fiscal 2016
2Q, Fiscal 2015

Million yen

Ordinary income

Yen

Yen

25.26
26.81

–
26.80

(2) Consolidated financial position
Total assets
Million yen

2Q, Fiscal 2016
Fiscal 2015
(Reference) Shareholders’ equity

Net assets
Million yen

22,60016,85522,82816,301
2Q, Fiscal 2016: 16,747 million yen

Shareholders’equity ratio

Net assets per share
%

Yen

74.1
374.6370.6
360.67
Fiscal 2015: 16,123 million yen

[Translation]
2. Dividends
Dividends per share (yen)End of the first End of the second End of the third
quarter dividend quarter dividend quarter dividend
Yen

Yen

Year-end
dividend

Yen

Fiscal 2015–
9.50–
Fiscal 2016–
12.50
Fiscal 2016 (Forecast)–(Note) Modification of the projected dividends announced most recently: No

Total
Yen

Yen

13.50

23.00

12.50

25.00

3. Projected Consolidated Results for Fiscal 2016 (January 1, 2016 to December 31, 2016)(Percentages are year-on-year changes)

Net sales
Million yen

Operating income Ordinary income%

Million yen%

Million yen%

Profit attributableto owners ofparentProfit per share

Million yen%

Yen

Full year
37,000
4.8
5,200
6.8
5,220
7.9
2,880
(Note) Modification of the projected consolidated results announced most recently: No

8.3

64.62

[Translation]* Notes(1) Changes in significant subsidiaries in the consolidated second quarter under review (Changes in specified
subsidiaries that involved changes in the scope of consolidation): Yes

New: 1 company (company name) Future Architect, Inc.

Exclusion: - companies (company names)(2) Application of special accounting for the preparation of quarterly consolidated financial statements: Yes
Income taxes and payables are calculated by appropriately estimating the legal effective tax rate after the adoption oftax effect accounting which is to be assessed upon profit before income taxes of the consolidated fiscal year including
the consolidated second quarter under review and multiplying such estimated legal effective tax rate to the quarterly
profit before income taxes.

(3) Change in accounting policies or estimates and retrospective restatements
1) Change in accounting policies in accordance with revision of accounting standards: Yes2) Change in accounting policies other than item 1) above: No3) Change in accounting estimates: No4) Retrospective restatements: No(4) Number of outstanding shares (common stock)1) Total outstanding shares as of the endof the period (including treasury
2Q, Fiscal 2016:
shares)2) Total treasury shares as of the end of
2Q, Fiscal 2016:
the period
3) Average number of outstanding
2Q, Fiscal 2016:
stocks during the quarter underreview(accumulated period for quarter)

47,664,000
shares2,958,872
shares44,705,166
sharesFiscal 2015:
Fiscal 2015:
2Q, Fiscal 2015:

47,664,000
shares2,958,800
shares44,673,008
shares* Indication of quarterly review procedure implementation status
This quarterly earnings report is exempt from the quarterly review procedures based upon the Financial Instruments andExchange Act. At the time of this document's release, review procedures for the quarterly financial statements under the
Financial Instruments and Exchange Act had not been completed.
* Points to note about the proper use of projections, and other noteworthy events
The earnings forecast and statements concerning the future contained in these materials are based on information
currently obtained by the Company and on certain premises the Company judges to be rational. The Company does notintend to guarantee their realization. Actual results may differ from forecasts due to various uncertain factors.

 Contents

1. Qualitative information about consolidated operating results for the second quarter of the fiscal year under review ...................... 2(1) Explanation on operating results............................................................................................................................................... 2(2) Explanation on financial condition ........................................................................................................................................... 3(3) Explanation on qualitative information about consolidated earnings forecast .......................................................................... 3
2. Matters related to summary information (notes) ................................................................................................................................. 3(1) Changes in significant subsidiaries in the consolidated first half under review ........................................................................ 3(2) Application of special accounting for the preparation of quarterly consolidated financial statements ..................................... 3(3) Change in accounting policies or estimates and retrospective restatements ............................................................................. 3
3.

Quarterly Period Consolidated Financial Statements ...................................................................................................................... 5(1) Quarterly Period Consolidated Balance Sheets......................................................................................................................... 5(2) Quarterly Period Consolidated Statements of Income and Comprehensive Income ................................................................. 7(First half period) .............................................................................................................................................................................. 7(3) Quarterly Period Consolidated Statements of Cash Flows ....................................................................................................... 9(4) Notes to quarterly consolidated financial statements .............................................................................................................. 11(Notes regarding the premise of surviving company) ..................................................................................................................... 11(Notes regarding significant change in shareholders’ equity) ......................................................................................................... 11(Segment information) .................................................................................................................................................................... 12

4. Supplemental information............................................................................................................................................................... 13(1) Orders received ....................................................................................................................................................................... 13

-1-

1.

Qualitative information about consolidated operating results for the second quarter of the fiscal year under review(1) Explanation on operating results
The Group posted net sales of ¥17,225 million for the first six months of the consolidated fiscal year under review, up 1.1%
from the previous year, operating income of ¥1,937 million, down 7.5%, and ordinary income of ¥1,900 million, down 9.6%.
Profit attributable to owners of parent was ¥1,129 million, down 5.7%.
(i) IT Consulting BusinessNet sales for the second quarter of the fiscal year ending December 31, 2016 increased year-on-year, which was due to: 1)
growing revenue mainly from large projects related to upgrading and integrating IT systems at major customers in the
distribution, services, and manufacturing sectors; 2) multiple regional banks introducing financial cloud computing services(SKYBANK); and, 3) strong performance of projects targeting online securities companies and foreign exchange margin trading
service companies.
Operating income for the quarter under review increased year-on-year by improving quality and streamlining the operation ofprojects, in other words, upgrading and adding tools to the Group’s unique project monitoring and management methods (Future
NASA and Future fraqta), and rigorously providing relevant training to employees. Consequently, net sales of this segment were
¥10,767 million, up 3.8% from a year earlier, and operating income grew 13.5% year-on-year to ¥2,200 million.
(ii) Package & Service Business
During the quarter under review, FutureOne Inc. (“FutureOne”), posted a year-on-year decrease in both net sales and operating
income as new order intake was delayed due to quality issues in some projects, and the Company continued initiatives toreorganize unprofitable business units.
During the quarter under review, Micro CAD Co., Ltd. (“Micro CAD”) posted a year-on-year decrease in both net sales andoperating income due to the lagging pace of acquisitions of official orders and project starts, in spite of many inquiries received
for its comprehensive intellectual property management system.
Consequently, net sales of this segment for the quarter stood at ¥1,640 million, down 21.7% year-on-year, and its operating
loss, which reflected the amortization of the goodwill of Micro CAD, amounted to ¥179 million against operating income of¥151 million a year earlier.
(iii) New Media & Web Service Business
During the quarter under review, eSPORTS Co., Ltd. posted a year-on-year increase in net sales because online sales ofoutdoor and private brand products performed strongly, although the company ceased to distribute fitness-related goods, which
recorded significant sales in the previous fiscal year.
During the quarter under review, Tokyo Calendar Inc., recorded a year-on-year increase in net sales and a decrease in operating
loss, because revenue from web-based advertising grew with monthly page views exceeding approximately 20 million for May
2016.
New businesses launched by CodeCamp Inc. (“CodeCamp”) including an online programing education service posted higher
upfront investment costs, although the company made progress in the form of significantly higher net sales.
As a result, net sales of this segment were ¥2,601 million, up 8.7% from a year ago, and operating loss, which reflects
amortization of the goodwill of eSPORTS, was ¥146 million, against a loss of ¥59 million a year earlier.
(iv) Corporate Revitalization BusinessUoei Corporation (“Uoei”), a company operating grocery supermarkets, posted a year-on-year increase in net sales for thequarter under review as it attempted to increase customer traffic by selling freshly baked pizzas, among other initiatives. Uoei
also recorded a significant year-on-year increase in operating income, which was attributable to: 1) improved gross profit marginachieved using IT systems to analyze sales, purchasing value, and inventories of all merchandise and an appropriate product mix;2) reduced selling, general and administrative expenses through energy-saving activities for room lighting, among otherinitiatives. Consequently, net sales of this segment were ¥2,272 million, up 1.3% from a year earlier, and operating income
surged 88.4% year-on-year to ¥23 million.
Note: Segment business results stated in the paragraphs above are before adjusting for internal sales and transfers among
segments. Effective April 1, 2016, the Company shifted to a holding company structure to realign its organizational platform.
Accordingly, starting from the second quarter under review, we migrated to a method of: 1) recording, as costs under segment-2-

income adjustment, Group operation costs which were previously included in the costs of the IT Consulting Business; and, 2)
recording business outsourcing service fees and group growth subsidies received from individual Future Group companies asincome under segment income adjustments. Year-on-year changes were calculated for comparison upon adjusting the values forthe previous fiscal year’s second quarter for the post-segment change categorization and measurement methods.
(2) Explanation on financial condition(Assets, liabilities and net assets)
Total assets at the end of the second quarter under review decreased by ¥228 million from the end of the previous consolidated
fiscal year to ¥22,600 million. This was mainly attributable to a decrease in notes and accounts receivable - trade (a decrease of¥1,153 million from the end of the previous fiscal year), goodwill (a decrease of ¥171 million) and software (a decrease of ¥82
million), in spite of an increase in cash and deposits (an increase of ¥1,133 million from the end of the previous fiscal year) andmerchandise and finished goods (an increase of ¥158 million).
Liabilities stood at ¥5,745 million, a decrease of ¥782 million from the end of the previous fiscal year, which was mainly
attributable to a decrease in accounts payable - trade (a decrease of ¥113 million from the end of the previous fiscal year) andincome taxes payable (a decrease of ¥465 million).
Net assets increased by ¥553 million from the end of the previous consolidated fiscal year to ¥16,855 million. The main
factors included an increase in retained earnings (an increase of ¥524 million from the end of the previous consolidated fiscal
year).
(Analysis of cash flows)
Cash and cash equivalents at the end of the second quarter under review stood at ¥10,810 million, an increase of ¥1,053
million from the end of the previous fiscal year.
Net cash provided by operating activities represented an inflow of ¥1,776 million, an increase of ¥737 million compared to ayear ago, because the Company posted ¥1,879 million in profit before income taxes and ¥1,130 million in decrease in notes andaccounts receivable - trade, while recording ¥1,238 million in income taxes paid.
Net cash used in investing activities represented an outflow of ¥ 34 million (compared to an outflow of ¥462 million a yearago), due to an outflow of ¥103 million for the purchase of property, plant and equipment and to an inflow of ¥100 million fromsales of investment securities.
Net cash used in financing activities accounted for an outflow of ¥683 million (compared to an outflow of ¥438 million ayear ago), mainly due to dividends paid of ¥603 million.

(3) Explanation on qualitative information about consolidated earnings forecast
We have not changed our previous earnings forecast for the full term of the fiscal year ending December 2016, which wasannounced on April 27, 2016.

2. Matters related to summary information (notes)(1) Changes in significant subsidiaries in the consolidated first half under review
The scope of the Company’s consolidated financial statements for the second quarter under review includes Future Architect,
Inc., which was established with a company split.
(2) Application of special accounting for the preparation of quarterly consolidated financial statements
Income taxes and payables are calculated by appropriately estimating the legal effective tax rate after the adoption of tax effectaccounting which is to be assessed upon profit before income taxes of the consolidated fiscal year including the consolidated
second quarter under review and multiplying such estimated legal effective tax rate to the quarterly profit before income taxes.
(3) Change in accounting policies or estimates and retrospective restatements(Application of accounting standards for business combinations)“Accounting Standard for Business Combinations” (ASBJ Statement No. 21, September 13, 2013; hereinafter “Business
Combinations Accounting Standard”), “Accounting Standard for Consolidated Financial Statements (ASBJ Statement No. 22,
September 13, 2013, hereinafter “Consolidation Accounting Standard”), “Accounting Standard for Business Divestitures” (ASBJ
Statement No. 7, September 13, 2013, hereinafter “Business Divestitures Accounting Standard”) and other standards became-3-applicable from the first quarter of the fiscal year ending December 31, 2016. Accordingly, the Group changed the accounting
method to record the difference attributable to changes in the Company’s ownership interest in its controlling subsidiaries as acapital surplus and acquisition-related expenses as costs for the consolidated fiscal year in which such expenses are incurred.
Regarding business combinations taking place after the beginning of the first quarter of the fiscal year ending December 31,
2016, the Company will adopt a method to reflect revised allocated acquisition costs determined by the provisional accounting
treatment in the consolidated financial statements of the quarter in which the business combination takes place. In addition, theCompany changed the presentation of quarterly profit and replaced the presentation of minority interests with that ofnon-controlling interests. The consolidated financial statements for the second quarter of the previous fiscal year and those forthe previous fiscal year were replaced by those reflecting the aforementioned changes.
The Company began to apply the Accounting Standard for Business Combinations and the like from the beginning of the firstquarter of the fiscal year ending December 31, 2016 in conformity with the transitional treatment stipulated in the AccountingStandard for Business Combinations No. 58, Paragraph 2 (4), Accounting Standard for Consolidated Financial Statements No. 44,
Paragraph 5 (4) and Business Divestures Accounting Standard No. 57, Paragraph 4(4).
The aforementioned application did not affect the consolidated financial statements for the second quarter under review.
(Change of depreciation method)
For the second quarter under review, the Company applied “Practical Solution on Depreciation Method Change Relating to
Fiscal 2016 Tax Regime Revision” (ASBJ Practical Solution Report No. 32, June 17, 2016) in response to a revision made to the
Corporation Tax Act, and the Company’s depreciation method for buildings and structures acquired on or after April 1, 2016 waschanged from the declining-balance method to the straight-line method.
This change had only a negligible effect on the consolidated statements of income for the second quarter under review.

-4-

3.

Quarterly Period Consolidated Financial Statements(1) Quarterly Period Consolidated Balance Sheets
Previous consolidated
fiscal year
(December 31, 2015)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Deferred tax assets
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Lease and guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5-(in thousands of yen)
Consolidated second quarter
under review(June 30, 2016)

9,650,136
5,020,960
108,689
688,591
34,892
216,495
1,415,805
566,157(5,113)
17,696,614

10,784,065
3,867,839
27,943
847,392
34,369217,739
1,361,760
676,682(4,931)
17,812,861

3,346,284(3,023,246)
323,037
80,8942,189,531(1,869,459)
320,071724,0033,351,522(3,050,705)
300,817
149,4312,178,487(1,914,432)
264,055
714,304

969,257
472,454
23,175
1,464,887

797,794
390,196
22,5881,210,579

1,729,798
1,032,610
132,819
93,653(45,430)
2,943,452
5,132,344
22,828,959

1,644,272
1,035,495
135,147
90,810(43,052)
2,862,673
4,787,557
22,600,418

Previous consolidated
fiscal year
(December 31, 2015)
Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Provision for bonuses
Provision for quality assurance
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-6-(in thousands of yen)
Consolidated second quarter
under review(June 30, 2016)

1,303,659
4,800
742,063
1,243,548
236,859
88,16025,1981,437,814
5,082,101

1,190,615
715,661
777,898
196,621
95,26523,244
1,317,687
4,316,994

1,013,200
408,249
23,921
1,445,370
6,527,472

1,000,000
408,184
20,094
1,428,278
5,745,272

1,421,815
2,507,763
13,756,812(1,499,428)
16,186,962

1,421,815
2,507,763
14,281,160(1,499,494)
16,711,244

45,431(108,510)(63,078)
177,602
16,301,486
22,828,959

29,579(1,753)
8,727
36,552
107,347
16,855,145
22,600,418

(2) Quarterly Period Consolidated Statements of Income and Comprehensive Income(First half period)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Directors’ compensations
Salaries and bonuses
Training expenses
Research and development expenses
Depreciation
Recruiting expenses
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Contributions
Total non-operating expenses
Ordinary income-7-First half of the previous
consolidated fiscal year
(from January 1, 2015
to June 30, 2015)
17,033,220
10,650,735
6,382,484(in thousands of yen)First half of the consolidated
fiscal year under review(from January 1, 2016
to June 30, 2016)
17,225,656
10,501,832
6,723,824

175,407
1,773,378
131,628
64,91048,620148,334
1,946,704
4,288,985
2,093,499

192,385
2,043,355
162,462
120,675
37,112
145,723
2,084,688
4,786,402
1,937,421

1,580
28,406

1,355
31,873

7,440

57,224

9,664
47,091

11,984102,438

3,703
4,745
30,00038,4482,102,142

3,709
136,020
139,729
1,900,130

First half of the previous
consolidated fiscal year
(from January 1, 2015
to June 30, 2015)
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary loss
Loss on change in equity
Loss on valuation of investment securities
Loss on sales of shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes
Profit(Profit attributable to)Profit attributable to owners of parent
Profit (loss) attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent
Comprehensive income (loss) attributable tonon-controlling interests-8-(in thousands of yen)First half of the consolidated
fiscal year under review(from January 1, 2016
to June 30, 2016)

12,463
12,463

-

9,343
9,343
2,105,262
848,219
1,257,043

1,270
18,885808
20,963
1,879,166
754,852
1,124,314

1,197,487
59,555

1,129,243(4,928)37,078(14,824)(15,456)(1,753)
114,116(3,410)(395)

18,843
1,275,886

96,5101,220,825

1,223,800

1,229,157

52,086(8,332)

(3) Quarterly Period Consolidated Statements of Cash Flows(in thousands of yen)First half of the consolidated
fiscal year under review(from January 1, 2016
to June 30, 2016)

First half of the previous
consolidated fiscal year
(from January 1, 2015
to June 30, 2015)
Net cash provided by (used in) operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for quality assurance
Increase (decrease) in provision for loss on projects
Interest and dividend income
Interest expenses
Share of (profit) loss of entities accounted for using
equity method
Loss (gain) on change in equity
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of shares of subsidiaries andassociates
Decrease (increase) in notes and accounts receivable
trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxed paid
Contributions paid
Net cash provided by (used in) operating activities-9-2,105,262
196,002662(3,523)(88,436)(6,660)(29,986)
3,703

1,879,166
201,301643(38,423)
7,105(33,228)
3,709(7,440)(57,224)

9,343(12,463)-

1,270
18,885-808

618,524

1,130,070

128,729(162,006)(349,264)
2,402,447
30,097(3,683)(1,359,957)(30,000)
1,038,904(158,279)(103,602)
132,654
2,984,857
33,230(3,709)(1,238,116)
1,776,262

(in thousands of yen)First half of the consolidated
fiscal year under review(from January 1, 2016
to June 30, 2016)

First half of the previous
consolidated fiscal year
(from January 1, 2015
to June 30, 2015)
Net cash provided by (used in) investing activities
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Payments for asset retirement obligations
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of shares of subsidiaries and associates
Payments for sales of shares of subsidiaries resulting inchange in scope of consolidation
Payments for investments in capital of subsidiaries andassociates
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Other
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Repayments of long-term loans payable
Purchase of treasury stock shares
Proceeds from sales of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the quarterly period- 10 -

20,145(96,604)(56,149)(5,269)(298,375)
22,403(10,255)(103,508)(19,657)(3,891)
100,000--(3,770)(19,000)-(11,580)
13,215(21,157)(462,628)(6,703)376
2,400(34,755)

53,546(491,616)(438,070)(18,000)(66)(603,050)(61,922)(683,039)(68,942)(5,285)69,2638,614,620
8,683,883

1,053,182
9,757,026
10,810,208

(4) Notes to quarterly consolidated financial statements(Notes regarding the premise of surviving company)
Not applicable.
(Notes regarding significant change in shareholders’ equity)
Not applicable.

- 11 -

(Segment information)
I. Second quarter of the previous consolidated fiscal year (from January 1, 2015 to June 30, 2015)
1. Amounts of net sales and income or loss by business segment reported
Reportable segments
New
Media
& Web
ServiceBusiness

Corporate
Revitalizat
ion
Business

2,085,617

2,393,407

2,239,715 17,033,220

9,992

684

2,095,609

2,394,091

IT
Package &Consulting Service
Business
Business
Net sales(1)Net sales
to outside 10,314,480
clients(2)Inter-segm
ent sales or
55,700transfer
Total

10,370,181

3,521

Total

69,8992,243,237 17,103,120

Others(Note 1)

Total

(in thousands of yen)Amount on
Quarterly
PeriodAdjustment
Consolidated(Note 2)
Statementsof Income(Note 3)－

17,033,220

69,899(69,899)－– 17,103,120(69,899)

17,033,220– 17,033,220–

Segment
income or
1,938,038
151,464(59,906)
12,589 2,042,185
629 2,042,815
50,683
2,093,499
loss(Notes)1. “Others,” a segment not included in the reportable segments, include securities investment, holding, and management
activities.
2. Adjustment to segment income and loss represents the amount of inter-segment transactions eliminated and income andexpenses of the holding company.
3. Segment income or loss is adjusted with operating income in the Quarterly Period Consolidated Statements of Income.
II.

Second quarter of consolidated fiscal year under review (from January 1, 2016 to June 30, 2016)
1. Amounts of net sales and income or loss by business segment reported
Reportable segments
New
Media
& Web
ServiceBusiness

Corporate
Revitalizat
ion
Business

1,639,203

2,601,582

2,268,814 17,225,656

1,512

157

1,640,716

2,601,739

IT
Package &Consulting Service
Business
Business
Net sales(1)Net sales
to outside 10,716,055
clients(2)Inter-segm
ent sales or
51,175transfer
Total

10,767,231

3,634

Total

56,4792,272,449 17,282,136

Others(Note 1)

Total

– 17,225,656(in thousands of yen)Amount on
Quarterly
PeriodAdjustment
Consolidated(Note 2)
Statementsof Income(Note 3)–

17,225,656

56,479(56,479)－– 17,282,136(56,479)

17,225,656–

Segment
income or
2,200,422 (179,790) (146,085)
23,722 1,898,268 (11,446) 1,886,822
50,5991,937,421
loss(Notes)1. “Others,” a segment not included in the reportable segments, include securities investment, holding, and management
activities.
2. Adjustment of segment income and loss represents the amount of inter-segment transactions eliminated and income andexpenses of the holding company.
3. Segment income or loss is adjusted with operating income in the Quarterly Period Consolidated Statements of Income.

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2. Matters related to changes in reportable segments(Changes in reportable segments)
Effective April 1, 2016, the Company shifted to a holding company structure to realign its organizational platform.
Accordingly, starting from the second quarter under review, we migrated to a method of: 1) recording, as costs undersegment income adjustment, Group operation costs previously included in the costs of the IT Consulting Business; 2)
recording business outsourcing service fees and group growth subsidies received from individual Future Group companies
as income under segment income adjustment.
As a result, for the second quarter under review, segment income was lower for the IT Consulting Business by ¥3,160,000,
for the Package & Service Business by ¥20,562,000 and for the New Media & Web Service Business by ¥10,871,000, and“Adjustment” was higher by ¥34,594,000, than if the previous segment accounting treatment had been applied.
Segment information shown above for the previous fiscal year’s second quarter is adjusted for the revised reporting
segment categorization and measurement methods.

4. Supplemental information(1) Orders received

Segment

First half of the previous consolidated fiscal
year(from January 1, 2015 to June 30, 2015)
Orders received
Order backlog(in thousands of yen)First half of the consolidated fiscal year underreview(from January 1, 2016 to June 30, 2016)
Orders received
Order backlog

IT Consulting Business

10,618,116

6,468,304

10,075,914

6,494,528

Package & Service
Business

2,094,525

1,157,006

1,739,315

1,042,777

New Media & Web
Service Business

134,725

19,410321,216

133,652

12,847,366

7,644,721

12,136,445

7,670,958

Total(Note)

Orders received include adjustments for exchange rate fluctuations.

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