Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended September 30, 2018
(Based on Japanese GAAP)
November 1, 2018
Company name:
EBARA JITSUGYO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

6328
URL https://www.ejk.co.jp/
Chairman & President

Inquiries:

Senior Corporate Officer, Head of Corporate
SHUJI OHNOPlanning & Strategy Office

HISASHI SUZUKI
TELScheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

November 9, 2018–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo

03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2018 (from January 1, 2018 to September 30, 2018)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended September 30, 2018
21,696
11.8
1,820
31.5
1,900
29.1
1,335
22.4
Nine months ended September 30, 2017
19,409
(4.1)
1,383
59.6
1,471
54.3
1,090
62.4
Earnings per share

Diluted earnings per share

Yen
200.73162.64

Nine months ended September 30, 2018
Nine months ended September 30, 2017

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
26,13325,990

As of September 30, 2018
As of December 31, 2017

Equity ratio

Millions of yen
13,43012,769

%
51.4
49.1

2. Cash dividends
Annual dividends per share

Year ended December 31, 2017
Year ending December 31, 2018

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
22.50
25.00

Yen––

Yen
27.50

Yen
50.00

25.00

50.00

Year ending December 31, 2018 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2018 (from January 1, 2018 to December 31, 2018)Net sales
Full year

Millions of yen
30,000Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
14.9
1,880
9.5
2,000
8.2
1,470
8.6
222.991

4. Notes(1) Changes in significant subsidiaries during the nine months ended September 30, 2018(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2018

6,715,000 shares As of December 31, 2017

6,715,000 shares

122,867 shares As of December 31, 2017

7,741 shares

Number of treasury shares at the end of the period
As of September 30, 2018

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended September 30, 2018

6,654,108 shares Nine months ended September 30, 2017

2

6,707,303 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of December 31, 2017

As of September 30, 2018

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade3,930
9,573

6,609
7,722

Securities
Merchandise and finished goods

10073996827

Work in process
Costs on uncompleted construction contracts

201
673

224
449

Raw materials and supplies
Deferred tax assets

210
63

235
107

Other
Allowance for doubtful accounts

644
(1)

209
(1)

16,135

16,4803,011(1,588)3,180(1,659)Buildings and structures, net

1,422

1,521

Machinery, equipment and vehicles
Accumulated depreciation

125(79)

138
(93)

46

45

569
(459)

597
(488)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, netLand
Other
Accumulated depreciation
Other, net

109

108

1,420
72

1,420
6(5)

(6)

66

0

3,066

3,096

Intangible assets
Investments and other assets

3772

Investment securities
Insurance funds

4,827
1,145

4,772
943

Real estate for investment, net
Deferred tax assets

634
4629
4

Other
Allowance for doubtful accounts

248(108)240(107)

Total investments and other assets

6,752

6,483

Total property, plant and equipment

Total non-current assets
Total assets

39,855

9,652

25,99026,133

(Millions of yen)
As of December 31, 2017

As of September 30, 2018

Liabilities
Current liabilities
Notes and accounts payable - trade

8,040

7,988

Short-term loans payable
Income taxes payable

1,090
397

1,090
369

Accrued consumption taxes
Advances received

15
1,619

185
1,042

–
2198
–

Provision for bonuses
Provision for loss on construction contracts
Other619420

11,784

11,293

1,058
187

1,033
158

Net defined benefit liability
Other

120
70

145
71

Total non-current liabilities

1,436

1,408

13,221

12,702

Shareholders' equity
Capital stock

1,001

1,001

Capital surplus
Retained earnings

831
8,661

831
9,647

Treasury shares

(12)

(291)

10,481

11,189Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

2,396(108)

2,332
(90)

Total accumulated other comprehensive income

2,288

2,241

12,76913,43025,99026,133

Total current liabilities
Non-current liabilities
Deferred tax liabilities
Provision for directors' retirement benefits

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

September 30, 2017

September 30, 2018

Net sales
Cost of sales

19,40913,983

21,696
15,882Gross profit

5,426

5,814

Selling, general and administrative expenses

4,042

3,994

Operating profit1,383

1,820Interest income
Dividend income

237

149

Rent of real estate for investment
Insurance income

67070
12Other

26

23

Total non-operating income

132156

Interest expenses
Rent expenses on real estates

528

630

Loss on insurance cancellation
Other–
1134
4

Total non-operating expenses

4575

Ordinary profit

1,471

1,900

Profit before income taxes

1,471

1,900

Income taxes - current

457

613

Income taxes - deferred

(76)

(48)

Non-operating income

Non-operating expenses

Total income taxes

380

564

Profit1,090

1,335Profit attributable to owners of parent

1,090

1,335

5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income

Nine months ended

Nine months ended

September 30, 2017

September 30, 2018

1,090

1,335

774
18(64)
17793

(47)

1,884

1,288

1,884

1,288––

Comprehensive income attributable toComprehensive income attributable to owners of parentComprehensive income attributable to non-controllinginterests

6