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, 2018
(Based on Japanese GAAP)
April 27, 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

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

May 8, 2018–

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, 2018 (from January 1, 2018 to March 31, 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%Three months ended March 31, 2018
10,869
3.3
1,813
2.5
1,815
2.0
1,265
1.4
Three months ended March 31, 2017
10,518 (14.2)
1,768(3.4)
1,779(3.8)
1,247
0.1
Earnings per share

Diluted earnings per share

Yen
188.65186.00Three months ended March 31, 2018
Three months ended March 31, 2017

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
30,20925,990As of March 31, 2018
As of December 31, 2017

Equity ratio

Millions of yen
13,585
12,769

%
45.0
49.1

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

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
22.50

Yen–

Yen
27.50

Yen
50.00

25.00

–

25.00

50.00

Year ended December 31, 2017
Year ending December 31, 2018Year 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
Millions of yenSix months ending
June 30, 2018
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

16,800

16.7

1,460

4.3

1,520

3.5

1,100

4.8

164.0030,000

14.9

1,880

9.5

2,000

8.2

1,470

8.6

219.171

4. Notes(1) Changes in significant subsidiaries during the three months ended March 31, 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 March 31, 2018

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

6,715,000 shares

7,827 shares As of December 31, 2017

7,741 shares

Number of treasury shares at the end of the period
As of March 31, 2018

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended March 31, 2018

6,707,232 shares Three months ended March 31, 2017

2

6,707,308 shares

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

As of March 31, 2018

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,930
9,573

5,858
12,876

Securities
Merchandise and finished goods

10073996819

Work in process
Costs on uncompleted construction contracts

201
673

205
394

Raw materials and supplies
Deferred tax assets

210
63

232
123

Other
Allowance for doubtful accounts

644
(1)

216
(1)

16,13520,822

3,011(1,588)3,014(1,610)

Buildings and structures, net

1,422

1,403

Machinery, equipment and vehicles
Accumulated depreciation

125(79)134(84)

4650

569
(459)

576(469)

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

106

1,420
72

1,420
119

(5)

(5)

66

113

3,066

3,094

Intangible assets
Investments and other assets

3747

Investment securities
Insurance funds

4,827
1,145

4,452
1,018

Real estate for investment, net
Deferred tax assets

634
4633
4

Other
Allowance for doubtful accounts

248(108)243(107)

Total investments and other assets

6,752

6,244

Total property, plant and equipment

Total non-current assets
Total assets

3

9,855

9,386

25,99030,209(Millions of yen)
As of December 31, 2017

As of March 31, 2018

Liabilities
Current liabilities
Notes and accounts payable - trade

8,040

11,248

Short-term loans payable
Income taxes payable

1,090
397

1,090
640

Accrued consumption taxes
Advances received

15
1,619

245
1,297

–
2

194
3

Provision for bonuses
Provision for loss on construction contracts
Other619

598

11,784

15,317

1,058
187

942
158

Net defined benefit liability
Other120
70

128
76

Total non-current liabilities

1,436

1,306

13,221

16,624

Shareholders' equity
Capital stock

1,001

1,001

Capital surplus
Retained earnings

831
8,661

831
9,742

Treasury shares

(12)

(12)

10,481

11,562

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

2,396
(108)

2,125
(102)

Total accumulated other comprehensive income

2,288

2,022

12,76913,58525,99030,209Total 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)Three months ended

Three months ended

March 31, 2017

March 31, 2018

Net sales
Cost of sales

10,518
7,397

10,869
7,731

Gross profit

3,121

3,138

Selling, general and administrative expenses

1,353

1,325

Operating profit

1,768

1,813

Interest income
Dividend income

000
6Rent of real estate for investment
Other

21
423
1

Total non-operating income

27

31

1

1Rent expenses on real estates
Loss on insurance cancellation

9–

915

Other

5

1

Non-operating income

Non-operating expenses
Interest expenses

1628

Ordinary profit

Total non-operating expenses

1,779

1,815

Profit before income taxes

1,779

1,815

Income taxes - current
Income taxes - deferred

617
(85)

609
(58)

Total income taxes

532550

Profit

1,247

1,265

Profit attributable to owners of parent

1,247

1,265

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

Three months ended

Three months ended

March 31, 2017

March 31, 2018
1,247

1,265

269
6(271)
5276(265)

1,523

999

1,523

999––

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

6