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 Three Months Ended March 31, 2019
(Based on Japanese GAAP)May 8, 2019
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 OHNO
Planning & Strategy Office

HISASHI SUZUKI

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

May 15, 2019–

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

NoNo

TEL

03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended March 31, 2019 (from January 1, 2019 to March 31, 2019)(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%Three months ended March 31, 201911,337
4.3
1,827
0.8
1,850
1.9
1,280
1.2
Three months ended March 31, 2018
10,869
3.3
1,813
2.5
1,815
2.0
1,265
1.4
Earnings per share

Diluted earnings per shareYen
194.28188.65Three months ended March 31, 2019
Three months ended March 31, 2018

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
31,916
26,584As of March 31, 2019
As of December 31, 2018

Equity ratio

Millions of yen
13,942
12,520%43.7
47.1

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
25.00

Yen–

Yen
35.00

Yen
60.00

30.00

–

30.00

60.00

Year ended December 31, 2018Year ending December 31, 2019Year ending December 31, 2019 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2019 (from January 1, 2019 to December 31, 2019)
Net sales
Millions of yen
Six months ending
June 30, 2019
Full year

Percentages 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

15,300(4.9)

1,640(6.2)

1,700(5.6)

1,210(4.3)

183.5529,000(1.0)

2,180

1.9

2,310

2.6

1,650

3.1

250.301

4. Notes(1) Changes in significant subsidiaries during the three months ended March 31, 2019(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 March 31, 2019

6,715,000 shares As of December 31, 2018

6,715,000 shares

122,867 shares As of December 31, 2018

122,867 shares

Number of treasury shares at the end of the period
As of March 31, 2019

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended March 31, 2019

6,592,133 shares Three months ended March 31, 20182

6,707,232 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of December 31, 2018

As of March 31, 2019

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

6,170
10,486

6,687
15,214Merchandise and finished goods
Work in process

779
217

620
227

Costs on uncompleted construction contracts
Raw materials and supplies

592
212

304
217

Other
Allowance for doubtful accounts

96
(1)

67
(1)

18,55323,337

3,170(1,675)

3,170(1,698)

Buildings and structures, net

1,494

1,471

Machinery, equipment and vehicles
Accumulated depreciation

147
(94)

183
(95)

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

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

53

88

612
(500)

621(511)

111

109

1,360
3

1,360
3(3)

(3)

00

3,020

3,030

Intangible assets
Investments and other assets

78

99

Investment securities
Insurance funds

3,160
933

3,699
908

Real estate for investment, net
Deferred tax assets

692
12690
19

Other
Allowance for doubtful accounts

240(107)237(107)

Total investments and other assets

4,9315,448

Total property, plant and equipment

Total non-current assets
Total assets

38,031

8,578

26,584

31,916

(Millions of yen)
As of December 31, 2018

As of March 31, 2019

Liabilities
Current liabilities
Notes and accounts payable - trade

9,454

13,318

Short-term loans payable
Income taxes payable

1,090
443

1,090
669

Accrued consumption taxes
Advances received

152
1,391

271
852

–115

196
115

Provision for bonuses
Provision for loss on construction contracts
Other628

564

13,276

17,076

Deferred tax liabilities
Provision for directors' retirement benefits

417
158

517
158

Net defined benefit liability
Other139
72

147
73

Total non-current liabilities

787

897

14,064

17,973

Shareholders' equity
Capital stock

1,001

1,001

Capital surplus
Retained earnings

831
9,912

831
10,962

Treasury shares

(291)

(291)

11,454

12,504

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

1,138
(72)

1,505
(67)

Total accumulated other comprehensive income

1,066

1,438

12,52013,942

26,584

31,916

Total current liabilities
Non-current liabilities

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)Three months ended

Three months ended

March 31, 2018

March 31, 2019

Net sales
Cost of sales

10,8697,731

11,337
8,207

Gross profit

3,138

3,129

Selling, general and administrative expenses

1,325

1,302

Operating profit

1,8131,827

Interest income
Dividend income

061
9Rent of real estate for investment
Other

23124
1

Total non-operating income

3136

11Rent expenses on real estates
Loss on insurance cancellation

915

91

Other

10

Non-operating income

Non-operating expenses
Interest expenses

28

12

Ordinary profit

Total non-operating expenses

1,815

1,850

Profit before income taxes

1,815

1,850

Income taxes - current
Income taxes - deferred

609
(58)

641
(71)

Total income taxes

550

570

Profit

1,265

1,280

Profit attributable to owners of parent1,265

1,280

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

ProfitOther comprehensive income

Three months ended

Three months ended

March 31, 2018

March 31, 2019
1,265

1,280

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax

(271)
5367
4

Total other comprehensive income

(265)

371

999

1,652

999

1,652––

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6