[Translation]

October 28 2016

Consolidated Summary Report of Operating Results for the Third 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://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: November 14, 2016
Scheduled date for distribution of dividend payments:–

Creation of supplemental material on quarterly financial results:

No

Holding of quarterly results briefing: No(Amount rounded off to million yen)

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

Operating income

Million yen%

Million yen

Ordinary income%

Million yen

Profit attributable toowners of parent%

Million yen%

3Q, Fiscal 2016
25,645(0.6)
2,626(17.6)
2,539(18.1)
1,555(10.8)
3Q, Fiscal 2015
25,788
1.4
3,188
(1.1)
3,100
(5.5)
1,743
(3.0)
(Note) Comprehensive income 3Q, Fiscal 2016: 1,681 million yen (-8.9%) 3Q, Fiscal 2015: 1,846 million yen (5.2%)
Profit per share (fully
diluted)Profit per share
Yen

3Q, Fiscal 2016
3Q, Fiscal 2015

Yen

–

34.80
39.02

39.01

(2) Consolidated financial position
Total assets
Million yen

3Q, Fiscal 2016
Fiscal 2015
(Reference) Shareholders’ equity

Net assets
Million yen

21,96916,757
22,82816,301
3Q, Fiscal 2016: 16,655 million yen

Shareholders’equity ratio

Net assets per share
%

Yen

75.8
372.5770.6
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 third 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: 1 company(company names) Uoei Corporation(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 third 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
3Q, Fiscal 2016:
shares)2) Total treasury shares as of the end of
3Q, Fiscal 2016:
the period
3) Average number of outstanding
3Q, Fiscal 2016:
stocks during the quarter underreview(accumulated period for quarter)

47,664,000
shares2,958,872
shares44,705,153
sharesFiscal 2015:
Fiscal 2015:
3Q, Fiscal 2015:

47,664,000
shares2,958,800
shares44,683,856
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 third 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 nine months 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 nine months 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 third quarter of the fiscal year under review(1) Explanation on operating results
The Group posted net sales of ¥25,645 million for the first nine months of the consolidated fiscal year under review, down
0.6% from the previous year, operating income of ¥2,626 million, down 17.6%, and ordinary income of ¥2,539 million, down
18.1%. Profit attributable to owners of parent was ¥1,555 million, down 10.8%.
(i) IT Consulting BusinessNet sales in Japan for the third quarter cumulative period of FY2016 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 other sectors; and 2) multiple regional banks introducing financial cloud computing services (SKYBANK).
Segment sales increased slightly year-on-year due to cutbacks in operations of subsidiaries in Southeast Asia.
Operating income for the third quarter cumulative period increased year-on-year as gross profit increased by improving quality
and streamlining the operation of projects, in other words, upgrading and adding tools to the Group’s unique project monitoringand management methods (FUTURE NASA and Future fraqta) and rigorously providing relevant training to employees,
although personnel, training, and other expenses rose due to the hiring of more new graduates.
Consequently, net sales of this segment for the third quarter cumulative period stood at 15,681 million yen, up 0.1%
year-on-year, and its operating income amounted to 2,993 million yen, up 0.2% year-on-year.
(ii) Package & Service BusinessDespite the recovery of operating income for the quarter under review, FutureOne Inc. (“FutureOne”) posted a year-on-year
decrease in both net sales and operating income for the first nine months of FY2016 as new order intake was delayed during thefirst half of the year due to quality issues in some projects and the Company continued initiatives to reorganize unprofitablebusiness units.
Micro CAD Co., Ltd. (“Micro CAD”) posted a year-on-year decrease in both net sales and operating income for the first ninemonths of FY2016 due to delays in project starts, in spite of more orders received for its comprehensive intellectual property
management system during the quarter under review.
Consequently, net sales of this segment for the third quarter cumulative period stood at 2,511 million yen, down 19.4%
year-on-year, and its operating loss, which reflected the amortization of goodwill, amounted to 198 million yen against operating
income of 166 million yen a year earlier.
(iii) New Media & Web Service Business
During the third quarter cumulative period, eSPORTS Co., Ltd. posted a year-on-year increase in net sales because online salesof private brand outdoor and training products performed strongly, although the company ceased to distribute fitness-related
goods, which recorded significant sales in the previous fiscal year.
During the third quarter cumulative period, Tokyo Calendar Inc. increased revenue from advertising, including web-linked
magazine advertising, thanks to its record-high 25 million monthly page views in September. Consequently, the company
recorded a year-on-year increase in net sales and reduced its operating loss.
Business launched by CodeCamp Inc. (“CodeCamp”), including an online programming education service, posted higher
upfront investment costs related to new service provision.
As a result, net sales of this segment for the third quarter cumulative period stood at 4,177 million yen, up 12.3% year-on-year,
and operating loss after reflecting the amortization of goodwill amounted to 252 million yen against an operating loss of 80
million yen a year earlier.
(iv) Corporate Revitalization BusinessUoei Corporation (“Uoei”), a company operating grocery supermarkets, posted a slight year-on-year decrease in net sales forthe third quarter cumulative period, but recorded a significant year-on-year increase in operating income, which was attributable
to improved gross profit margin achieved by appropriate purchasing activities using IT systems to analyze sales, purchasing
value, and inventories of all merchandise.
Consequently, net sales of this segment stood at 3,395 million yen, down 0.2% year-on-year, and operating income amounted
to 33 million yen, up 97.7% year-on-year.
The Group excluded Uoei (and its subsidiaries) from the scope of consolidation because it transferred all the shares of Uoei
effective September 7, 2016.

-2-

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
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 third quarter cumulative period 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 third quarter under review decreased by ¥859 million from the end of the previous consolidated
fiscal year to ¥21,969 million. This was mainly attributable to a decrease in notes and accounts receivable - trade (a decrease of¥1,026 million from the end of the previous fiscal year) and goodwill (a decrease of ¥257 million), in spite of an increase in cash
and deposits (an increase of ¥618 million from the end of the previous fiscal year).
Liabilities stood at ¥5,212 million, a decrease of ¥1,315 million from the end of the previous fiscal year, which was mainly
attributable to a decrease in accounts payable - other (a decrease of ¥213 million from the end of the previous fiscal year) andincome taxes payable (a decrease of ¥646 million).
Net assets increased by ¥455 million from the end of the previous consolidated fiscal year to ¥16,757 million. The main
factors included an increase in retained earnings (an increase of ¥392 million from the end of the previous consolidated fiscal
year).
(Analysis of cash flows)
Net cash provided by operating activities represented an inflow of ¥1,979 million (compared to an inflow of ¥1,465 million in
the previous fiscal year), because the Company posted ¥2,590 million in profit before income taxes and ¥978 million in decreasein notes and accounts receivable - trade, while recording ¥1,745 million in income taxes paid.
Net cash used in investing activities represented an outflow of ¥155 million (compared to an outflow of ¥764 million in theprevious fiscal year ), chiefly due to an outflow of ¥230 million for the payment of lease and guarantee deposits, despite an
inflow of ¥196 million from sales of investments in subsidiaries and investment securities.
Net cash used in financing activities accounted for an outflow of ¥1,226 million (compared to an outflow of ¥925 million in
the previous fiscal year ), mainly due to dividends paid of ¥1,146 million.
As a result of these operating, investment, and financial activities, the balance of cash and cash equivalents at the end of thethird quarter under review was ¥10,323 million, up ¥566 million from the end of the previous consolidated fiscal year.
(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 July 29, 2016.

2. Matters related to summary information (notes)(1) Changes in significant subsidiaries in the consolidated first nine months under review
The Company established Future Architect, Inc. through a company split in the second quarter under review and sold all theshares of Uoei Corporation in the third quarter under review.
(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
third 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-3-

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
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 third quarter cumulative period of the previous fiscal year
and those for the 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 third quarter cumulative period.
(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 third quarter cumulative period .

-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 third quarter
under review(September 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

10,269,131
3,994,587
56,180765,506
76,354244,390
1,385,813
799,815(4,915)
17,586,864

3,346,284(3,023,246)
323,037
80,8942,189,531(1,869,459)
320,071724,003

858,472(647,339)
211,1325,430
1,819,026(1,601,274)
217,751434,314969,257
472,454
23,175
1,464,887

711,707341,984
19,149
1,072,841

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

1,521,108
1,170,175
130,308
89,926(36,035)
2,875,483
4,382,639
21,969,503

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 third quarter
under review(September 30, 2016)

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

813,391
528,981
597,474
627,374
98,047966
1,238,551
3,904,786

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

1,000,000
294,978
12,556
1,307,535
5,212,322

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

1,421,815
2,507,763
14,149,007(1,499,494)
16,579,091

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

39,708(511)
37,63976,836
101,252
16,757,181
21,969,503

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

25,788,678
16,089,704
9,698,973(in thousands of yen)First nine months of theconsolidated fiscal year underreview(from January 1, 2016
to September 30, 2016)
25,645,531
15,716,794
9,928,736

269,230
2,686,951
188,350
119,870
74,910209,634
2,961,099
6,510,048
3,188,924

285,782
3,116,758
230,989
248,82160,816200,603
3,158,167
7,301,939
2,626,797

2,748
30,958

1,655
32,115

4,922

43,593

11,77350,403

12,64290,006

7,596
101,663
30,000139,259
3,100,069

5,768
171,881First nine months of the previous
consolidated fiscal year
(from January 1, 2015
to September 30, 2015)
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-

177,650
2,539,153

First nine months of the previous
consolidated fiscal year
(from January 1, 2015
to September 30, 2015)
Extraordinary income
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates
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 nine months of theconsolidated fiscal year underreview(from January 1, 2016
to September 30, 2016)

35,06335,063399
196,651
197,051

9,343
9,343
3,125,789
1,320,371
1,805,417

1,270
143,881808
145,959
2,590,245
1,042,459
1,547,786

1,743,609
61,8081,555,904(8,117)

5,957
38,303(5,422)(511)
140,195(3,658)(300)

40,602
1,846,020

133,961
1,681,747

1,810,377

1,696,175

35,642(14,427)

(3) Quarterly Period Consolidated Statements of Cash Flows(in thousands of yen)First nine months of theconsolidated fiscal year underreview(from January 1, 2016
to September 30, 2016)

First nine months of the previous
consolidated fiscal year
(from January 1, 2015
to September 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-

3,125,789
299,934
15,184
1,725(105,632)(30,496)(33,706)
7,596

2,590,245
302,456
14,557393,949
9,887(33,770)
5,768(4,922)(43,593)

9,343(35,063)
-

1,270
(399)
143,881-(195,843)

743,704

978,11189,489(239,530)(325,932)
3,517,482
33,815(7,596)(2,047,840)(30,000)
1,465,862(231,907)(153,476)(83,659)
3,697,476
33,771(5,635)(1,745,680)
1,979,932

(in thousands of yen)First nine months of theconsolidated fiscal year underreview(from January 1, 2016
to September 30, 2016)

First nine months of the previous
consolidated fiscal year
(from January 1, 2015
to September 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
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Proceeds from sales of shares of subsidiaries resulting inchange in scope of consolidation
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 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 -

40,325(116,362)(81,913)(5,426)(348,373)
49,610(10,255)(121,145)(30,670)(3,891)
100,399-(248,571)--

96,504-(3,770)(19,000)-(16,899)
13,129(20,457)(764,194)(230,702)
40,584(2,447)(155,138)

53,546(900,625)(78,411)(925,490)(18,000)(66)(1,146,537)(61,922)(1,226,526)(63,232)(31,782)(287,054)
8,614,620
8,327,565

566,484
9,757,026
10,323,511

(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. Third quarter of the previous consolidated fiscal year (from January 1, 2015 to September 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

3,108,398

3,718,785

3,396,431 25,788,678

9,926

576

3,118,325

3,719,362

IT
Package &Consulting Service
Business
Business
Net sales(1)Net sales
to outside 15,565,061
clients(2)Inter-segm
ent sales or
108,301transfer
Total

15,673,363

4,485

Total

123,289

3,400,916 25,911,967

Others(Note 1)

Total

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

– 25,788,678-

25,788,678

123,289(123,289)-– 25,911,967(123,289)

25,788,678–

Segment
income or
2,987,167
166,754(80,419)
16,757 3,090,259
1,749 3,092,008
96,916
3,188,924
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.
2. Information about losses from impairment of non-current assets by reportable segment, goodwill, etc.
(Material changes in the amount of goodwill)
For the New Media & Web Service Business segment, the Company has acquired shares of CodeCamp Inc. andtransformed this company into its subsidiary. As a result of this transaction, the amount of goodwill has increased to367,581,000 yen in the third quarter under review.

II.

Third quarter of consolidated fiscal year under review (from January 1, 2016 to September 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

2,510,373

4,177,048

3,389,760 25,645,531

1,512

157

2,511,886

4,177,205

IT
Package &Consulting Service
Business
Business
Net sales(1)Net sales
to outside 15,568,348
clients(2)Inter-segm
ent sales or
113,331transfer
Total

15,681,680

6,030

Total

121,032

3,395,791 25,766,563

Others(Note 1)

Total

– 25,645,531(in thousands of yen)Amount on
Quarterly
PeriodAdjustment
Consolidated(Note 2)
Statementsof Income(Note 3)–25,645,531

121,032(121,032)-– 25,766,563(121,032)

25,645,531–

Segment
income or2,993,276 (198,700) (252,186)
33,135 2,575,525 (15,849) 2,559,676
67,1212,626,797
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 third quarter cumulative period , segment income was higher for the IT Consulting Business by¥17,192,000 and for the Adjustment by ¥45,233,000, and was lower for the Package & Service Business by ¥40,607,000
and for the New Media & Web Service Business by ¥21,819,000, than if the previous segment accounting treatment had
been applied.
Segment information shown above for the previous fiscal year’s third quarter cumulative period is adjusted for the revised
reporting segment categorization and measurement methods.
3. Information about assets by reportable segment
The amount of assets by reportable segment has changed in the third quarter under review in comparison with the amountat the end of the previous fiscal year. The outline is described below.
In the third quarter under review, the Company sold shares of Uoei Corporation that were formerly categorized into the
Corporate Revitalization Business, and excluded this company from the scope of consolidation.
As a result, the amount of assets of the Corporate Revitalization Business segment was zero.

4. Supplemental information(1) Orders received

Segment

First nine months of the previous consolidated
fiscal year
(from January 1, 2015 to September 30, 2015)
Orders received
Order backlog(in thousands of yen)First nine months of the consolidated fiscal year
under review(from January 1, 2016 to September 30, 2016)
Orders received
Order backlog

IT Consulting Business

17,664,891

8,264,498

14,747,565

6,313,887

Package & Service
Business

3,110,554

1,150,254

2,878,208

1,310,500

New Media & Web
Service Business

218,210

74,175545,701

195,549

20,993,656

9,488,928

18,171,475

7,819,937

Total(Note)

Orders received include adjustments for exchange rate fluctuations.

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