The term Ended March 31, 2019
Brief Report on Consolidated Closing of Accounts

May 9, 2019

Yorozu Corporation

Name of Listed Company
Code No.
7294(URL http://www.yorozu-corp.co.jp/)
Representative Director

Stock Exchange : Tokyo Stock Exchange （First Section）

President, COO

Name : Ken Shido
Chief Executive Vice President & CFO
Name : Akira Saso
TEL (045) 543 - 6802

The reference

Scheduled date for shareholders meeting : Jun 17, 2019
Scheduled date for submission of annual financial report : Jun 19, 2019
Scheduled date for Start of Dividend Payment : Jun 7, 2019
Supplemental explanation for closing ： Yes
Result briefing of closing: Yes (for institutional investors and analysts)（Amounts less than million yen are rounded down)
1. Consolidated basis Business Results for the term Ended March 31, 2019 (April 1, 2018 through March 31, 2019)(Percent indications show percentage of changes from corresponding figures for the previous period.)(1) Operating Results
Net Income Attributable toNet Sales
Operating Income
Ordinary Income
Owners of Parent\ million

FY2018FY2017＊Comprehensive income\ million％

169,111△1.4
171,536
2.3FY2018 △2,806 million yen (―%)

Net Income
Per Share-Diluted

Net Income Per Share\FY2018
16 .94FY2017114 .31* Gain or loss from investments by the equity method

％

5,290
△12.3
6,029
△4.7
FY2017 4,185 million yen(246.0%)
Return onEquity\FY2018 -\ million％

5,2225,648

△ 7.5
△ 9.9

0.5
3.4％

4022,717△ 85.2△ 31.7

Operating
Incometo SalesOrdinary Income
to Total Assets

％

16.63
112.56FY2017 -\million％％

3.0
3.3

3.1
3.5

(2) Financial Status
Total Assets

Net Assets\ millionFY2018
FY2017【Reference】Owner's equity

168,097
175,083

FY2018FY201775,65279,853

Net Assets per Share

Equity Ratio\ million％\92,31097,01545.0
45.6

3,182 74
3,359 44

Cash Flow from Investing
Activities

Cash Flow from Financing
Activities

Cash and Cash Equivalents at end of\ million(3) Cash Flow
Cash Flow from Operating
Activities\ million\ million△ 13,807△ 20,814

17,6039,421

FY2018FY2017year\ million\ million

1,103
6,875

24,97020,882

2. Dividend Payment
Dividend Payment Per Sharedate1QFY2017FY2018FY2019 (Forecast)－－－Interim￥

Total Payment Payout Ratio

3Q￥

25.00
23.00
12.00

Year-end￥－－－

InterimFull term％

81,000165,000

△ 1.7
△ 2.4

Net Income Attributableto Owners of Parent\ million

640
3,500％(annual)￥Ordinary Income\ million％△ 75.3△ 33.8310
2,950△ 88.9△ 43.5Net Income per Share(Consolidated)\million

1,402
1,093

59.00
46.00
25.00

％

\0.00
Interim0△ 100.0
69.42
Full term
1,650
309.7
＊Percent indications show percentage of changes from corresponding figures for the previous period.
\million￥34.0023.00
13.00

3. Consolidated basis Forecasts for FY2019（April 1, 2019 through March 31, 2020）
Net Sales
Operating Income\ million

AnnualRatio of Dividends toNet Assets (Consolidated)

%%

51.6
271.5
36.0

1.8
1.4

<Notice>(1) Changes in significant subsidiaries during FY2018 : None
*Changes in specified subsidiaries that caused a change in the scope of consolidation
Exclusion： None
(2) Changes in accounting principles, procedures, and disclosures① Changes by accounting standard change: None
② Changes other than (2)-① above：None③ Changes of accounting estimates: None
④ Restatement: None
(3) # of issued stock (common stock)① Term end # of issued stock (include treasury stock)
FY2018② Term end # of treasury stock
FY2018③ Average # of shares
FY201825,055,636
1,285,878
23,769,759

FY2017FY2017FY201725,055,636
1,285,877
23,769,759（ Reference）

1. Yorozu Corporation individually Business Results for the term Ended March 31, 2019 (April 1, 2018 through March 31, 2019)(Percent indications show percentage of changes from corresponding figures for the previous period.)(1) Individually Operating Results
Net Sales
Operating Income
Ordinary Income
Net Income
FY2018FY2017\ million％\ million％\ million％

55,08358,627△ 6.0
5.53,2492,11853.4△18.44,3652,856

52.9△ 35.8Net Income Per Share△34.09107.29％△8102,550△ 131.8△ 32.3Net Income
Per Share-Diluted\FY2018
FY2017\million\―105.64(2) Individually Financial Status
Total Assets

Net Assets\ million

FY2018FY2017【Reference】Owner's equity

120,176
126,916

FY2018FY201775,896
79,274\ million

76,54579,827

Equity Ratio

63.2
62.5

\ million＊This Financial Results report for FY2018 is exempt from financial audit.
＊Explanation regarding the appropriate use of forecasts of business results and other special notes
The financial forecast is based on judgments and estimates that have been made on the basis of currently available information.
A briefing regarding Financial Results will be held on May 24, 2019 for institutional investors and analysts.
Materials used in the briefing shall be published on the website (homepage) shortly.

Net Assets per Share％\3,192 .98
3,335 .08