August 10, 2017

Summary of Consolidated Financial Results
for the First Quarter of Fiscal Year Ending March 31, 2018
(Three Months Ended June 30, 2017)[Japanese GAAP]
Listing: Tokyo Stock Exchange, Second Section
Company name: IWAKI CO.,LTD.
6237
URL: http://www.iwakipumps.jp/
Stock code:
Shigeru Fujinaka, President
Representative:
Kenji Matsuda, Senior Executive Director
Contact:
Tel: (81)3-3254-2931
Scheduled date of filing of Quarterly Report:
August 10, 2017
Scheduled date of payment of dividend:
Preparation of supplementary materials for quarterly financial results: None
Holding of quarterly financial results meeting:None(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Quarter Ended June 30, 2017 (April 1, 2017 – June 30, 2017)(1) Consolidated results of operations(Percentages represent year-on-year changes)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen% Million yen% Million yen% Million yen%
Three months ended Jun. 30, 2017
6,465
8.645046.6623
22.0451
37.2
Three months ended Jun. 30, 2016
5,952
307510329
Note: Comprehensive income (million yen) Three months ended Jun. 30, 2017: 389 (- %)Three months ended Jun. 30, 2016: (61) (- %)Net income per share

Diluted net income per share

YenYenThree months ended Jun. 30, 2017
60.37
Three months ended Jun. 30, 2016
44.00
Note: The year-on-year changes for the three months ended June 30, 2016 are not presented because the quarterly consolidated
financial statements were not prepared in the same period of the previous fiscal year.
(2) Consolidated financial position

As of Jun. 30, 2017
As of Mar. 31, 2017
Reference: Owner’s equity (million yen)

Total assets
Net assets
Capital adequacy ratio
Million yen
Million yen%
26,762
17,00662.8
26,253
16,906
63.7
As of Jun. 30, 2017: 16,814
As of Mar. 31, 2017: 16,718

2. Dividends
1Q-end2Q-endYen

Fiscal year ended Mar. 31, 2017
Fiscal year ending Mar. 31, 2018
Fiscal year ending Mar. 31, 2018 (forecasts)
Note: Revisions to the most recently announced dividend forecast: None

Dividend per share
3Q-endYear-end

TotalYen

YenYenYen

30.00-38.00

68.00

26.00

-33.0059.00

3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2018 (April 1, 2017 – March 31, 2018)(Percentages represent year-on-year changes)
Profit attributable toNet income per
Net sales
Operating profit
Ordinary profit
owners of parent
shareMillion yen%
Million yen%
Million yen%
Million yen%
YenFirst half
13,0755.5767(0.5)923 (15.0)
647 (17.0)
86.45
Full year
26,517
5.5
1,672
14.1
1,969(7.8)
1,450 (14.2)
193.82
Note: Revisions to the most recently announced consolidated earnings forecasts: None* Notes(1) Changes in consolidated subsidiaries during the period (changes in scope of consolidation): None
(2) Application of special accounting methods for presenting quarterly consolidated financial statements: Yes
Note: Please refer to page 8 “2. Quarterly Consolidated Financial Statements and Notes, (3) Notes to QuarterlyConsolidated Financial Statements, Application of Special Accounting Methods for Presenting Quarterly
Consolidated Financial Statements” for details.

(3) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: None
2) Changes in accounting policies other than 1) above:None

3) Changes in accounting-based estimates:None

4) Restatements:None(4) Number of outstanding shares (common shares)
1) Number of shares outstanding at the end of the period (including treasury shares)
As of Jun. 30, 2017:

7,484,370 shares

As of Mar. 31, 2017:

7,484,370 shares

As of Mar. 31, 2017:18 shares

2) Number of treasury shares at the end of the period
As of Jun. 30, 2017:18 shares

3) Average number of shares outstanding during the period
Three months ended Jun. 30, 2017:

7,484,352 shares

Three months ended Jun. 30, 2016: 7,484,370 shares* The current financial report is not subject to quarterly review procedures.
* Cautionary statement with respect to forward-looking statements
Note concerning forward-looking statements
Forecasts of future performance in these materials are based on assumption judged to be valid and information available to theCompany’s management at the time the materials were prepared, but are not promises by the Company regarding futureperformance. Actual results may differ materially from the forecasts.

IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18

Contents of Attachments
1. Qualitative Information on Quarterly Consolidated Financial Performance2(1) Explanation of Results of Operations

2(2) Explanation of Financial Position

2(3) Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements

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2. Quarterly Consolidated Financial Statements and Notes

4(1) Quarterly Consolidated Balance Sheet

4(2) Quarterly Consolidated Statements of Income and Comprehensive Income

6Quarterly Consolidated Statement of Income
For the Three-month Period

6Quarterly Consolidated Statement of Comprehensive Income
For the Three-month Period

7(3) Notes to Quarterly Consolidated Financial Statements

8Going Concern Assumption

8Significant Changes in Shareholders’ Equity

8

Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements

8Segment and Other Information

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IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
During the first quarter of the fiscal year ending March 31, 2018, the Japanese economy, led by improving
employment situation and other positive factors, continued to recover gradually. But, the outlook is still uncertain
due to the effects of changes in the policies of the new U.S. administration on the global economy. Moreover,there were worries about geopolitical risks in Europe and in emerging economies in Asia and the effect of higher
interest rates in the U.S. Due to these uncertainties, the overseas economic outlook remained unclear.
In the domestic sales head office, there were extensive workplace sales activities based on the core policy of“competing and winning” in order to build stronger relationships with customers. The overseas sales head office
worked with subsidiaries and affiliates on measures to increase sales. This resulted in positive sales to major
customers both in Japan and overseas. In Iwaki’s six major markets, sales were strong in the semiconductor/liquid
crystal market and surface treatment equipment market. Sales were also firm in the water treatment market andmedical equipment market.
Domestic sales increased 6.4% from one year earlier to 3,954 million yen. Sales were driven by favorable demand
from the semiconductor/liquid crystal and surface treatment equipment markets. In addition, the medical
equipment market, water treatment market and the chemical market were strong. In Europe, sales were up 6.9% to606 million yen as demand from the new energy market remained strong. The yen’s appreciation lowered the yentranslation of sales from the U.S. by 1.1% to 794 million yen, although the U.S. market was solid. In Asia, sales
increased 31.1% to 657 million yen due to strength in the semiconductor market in Korea and the surface
treatment equipment market in Taiwan. Sales in China also increased 49.1% to 236 million yen due to strong
demand in the medical equipment market.
By product, sales of pneumatic drive pumps and other items for the semiconductor/liquid crystal markets werestrong. Sales of metering pumps for the water treatment market and rotary displacement pumps for dialysis
equipment of the medical equipment market were also positive. Mainline magnetic drive pumps sales wereconsistent.
Consequently, consolidated sales increased 8.6% to 6,465 million yen.
Higher sales combined with cost cutting initiatives increased operating profit by 46.6% to 450 million yen, andordinary profit by 22.0% to 623 million yen. Profit attributable to owners of parent increased 37.2% to 451
million yen.
No business segment information is provided because chemical pumps are the only business of the Iwaki Group.
(2) Explanation of Financial Position
AssetsThe balance of current assets at the end of the first quarter of the current fiscal year was 20,370 million yen, up
538 million yen from the end of the previous fiscal year. This was mainly due to increases of 306 million yen in
cash and deposits and 179 million yen in notes and accounts receivable-trade. The balance of non-current assets
was 6,392 million yen at the end of the first quarter, down 29 million yen from the end of the previous fiscal year.
This was mainly because of a 36 million yen decrease in property, plant and equipment.
As a result, total assets increased 508 million yen from the end of the previous fiscal year to 26,762 million yen.
Liabilities
The balance of current liabilities at the end of the first quarter of the current fiscal year was 7,452 million yen, up
421 million yen from the end of the previous fiscal year. This was mainly due to increases of 223 million yen innotes and accounts payable-trade and 15 million yen in short-term loans payable. The balance of non-current

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IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18

liabilities was 2,302 million yen at the end of the first quarter, down 12 million yen from the end of the previousfiscal year. This was mainly due to a 15 million yen decrease in lease obligations.
As a result, total liabilities increased 408 million yen from the end of the previous fiscal year to 9,755 million
yen.
Net assets
The balance of net assets was 17,006 million yen at the end of the first quarter of the current fiscal year, up 100
million yen from the end of the previous fiscal year. The main factors include a 167 million yen increase inretained earnings.
Consequently, the capital adequacy ratio was 62.8% (63.7% at the end of the previous fiscal year).
(3) Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements
We maintain the first-half and full-year consolidated earnings forecasts that were disclosed in the “Summary ofConsolidated Financial Results for the Fiscal Year Ended March 31, 2017” dated May 12, 2017.

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IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet
FY3/17(As of Mar. 31, 2017)(Thousands of yen)First quarter of FY3/18(As of Jun. 30, 2017)

AssetsCurrent assets
Cash and deposits

6,191,508

6,497,947

Notes and accounts receivable-trade

6,434,549

6,613,760

Electronically recorded monetary claims-operating

1,988,682

1,849,357

112,738-

1,901,218

1,888,033

30,155

148,568

2,437,457

2,594,267

502,614506,583

Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other

253,912291,940

Allowance for doubtful accounts(20,816)(19,730)

19,832,021

20,370,728

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation and impairment loss
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation and impairment loss
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation

4,636,9784,619,422(3,514,143)(3,525,802)

1,122,834

1,093,619

2,231,416

2,263,862(1,985,609)(2,013,811)

245,807250,050

1,601,918

1,616,720(1,375,807)(1,386,607)

226,111230,1121,036,769

1,035,285

485,543

485,543(317,020)(338,660)

Leased assets, net

168,523

146,883

Construction in progress

918,646925,479

Other
Accumulated depreciation
Other, net

17,494

18,338(11,924)(12,289)

5,569

6,048

3,724,263

3,687,480

Goodwill

19,71814,297

Trademark right

86,21980,255

Other

117,682

125,102

Total intangible assets

223,619

219,655

Investment securities

2,064,168

2,096,967

Deferred tax assets

142,215

122,812

Total property, plant and equipment
Intangible assets

Investments and other assets

OtherTotal investments and other assets
Total non-current assets
Total assets

4267,571

265,108

2,473,955

2,484,888

6,421,838

6,392,024

26,253,859

26,762,752

IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18

FY3/17(As of Mar. 31, 2017)(Thousands of yen)First quarter of FY3/18(As of Jun. 30, 2017)

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable

4,345,6794,568,942

576,160

591,900

Lease obligations

75,517

67,838

Income taxes payable

300,437

163,686

Provision for bonuses

716,527

369,432

Provision for directors’ bonuses

100,120

17,780

Provision for product warranties

98,485

113,538

Other

818,564

1,559,865

7,031,491

7,452,984

Long-term loans payable

300,000

300,000

Lease obligations

106,584

91,320Total current liabilities
Non-current liabilities

Deferred tax liabilities

72,22669,544

Provision for directors’ retirement benefits

151,043

151,043

Net defined benefit liability

885,513884,139

Asset retirement obligations

205,500

206,008

Other

594,892

600,743

2,315,762

2,302,800

9,347,253

9,755,785

Capital stock

1,018,250

1,018,250

Capital surplus

638,250

638,250

Retained earnings

14,637,110

14,804,511

Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity

Treasury shares

(30)

(30)

16,293,580

16,460,981

Valuation difference on available-for-sale securities

250,907

270,617

Foreign currency translation adjustment

309,458

208,229

Remeasurements of defined benefit plans(135,090)(125,120)

425,274

353,727

187,750

192,258

16,906,605

17,006,966

26,253,859

26,762,752

Total shareholders’ equity
Accumulated other comprehensive income

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

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IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Three-month Period)First three months of FY3/17(Apr. 1, 2016 – Jun. 30, 2016)(Thousands of yen)First three months of FY3/18(Apr. 1, 2017 – Jun. 30, 2017)

Net sales

5,952,121

6,465,869

Cost of sales

4,007,852

4,243,579

Gross profit

1,944,269

2,222,290

Selling, general and administrative expenses

1,636,722

1,771,489

307,547

450,800

Interest income

7,014

6,675

Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains

15,02619,14578,737

107,803

88,64937,829Operating profit
Non-operating income

Other23,135

11,464

Total non-operating income

212,562

182,919

Interest expenses

4,500

6,388

Other

4,734

4,147

Non-operating expenses

Total non-operating expenses

9,234

10,535

510,875

623,184

Gain on sales of non-current assets-168

Total extraordinary income-168

Loss on retirement of non-current assets

53

1,878

Total extraordinary losses

53

1,878

Profit before income taxes

510,821621,474

Income taxes

179,072

160,790

Profit331,749

460,683

2,417

8,877

329,332

451,806

Ordinary profit
Extraordinary income

Extraordinary losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent

6IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18

Quarterly Consolidated Statement of Comprehensive Income(For the Three-month Period)(Thousands of yen)First three months of FY3/17 First three months of FY3/18(Apr. 1, 2016 – Jun. 30, 2016) (Apr. 1, 2017 – Jun. 30, 2017)
Profit331,749

460,683

Valuation difference on available-for-sale securities(176,749)

19,710Foreign currency translation adjustment(151,430)(99,547)

10,445

9,970(75,772)(1,783)(393,506)(71,650)(61,757)

389,033(63,564)

380,258

1,807

8,774

Other comprehensive income

Remeasurements of defined benefit plans, net of tax
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 attributable to non-controllinginterests

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IWAKI CO.,LTD. (6237) Financial Results for the First Quarter of FY3/18(3) Notes to Quarterly Consolidated Financial Statements
Going Concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.
Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements
Calculation of tax expense
At Iwaki and certain consolidated subsidiaries, the tax expenses were calculated by first estimating the effective
tax rate after the application of tax effect accounting with respect to profit before income taxes during the fiscal
year, and multiplying that rate by the quarterly profit before income taxes.
Segment and Other Information
Segment information
I. First three months of FY3/17 (Apr. 1, 2016 – Jun. 30, 2016)
Omitted because chemical pumps are the only business of the Iwaki Group.
II. First three months of FY3/18 (Apr. 1, 2017 – Jun. 30, 2017)
Omitted because chemical pumps are the only business of the Iwaki Group.

This financial report is solely a translation of “Kessan Tanshin” (in Japanese, including attachments), which has been
prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience ofreaders who prefer an English translation.

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