Summary of Business Results for the Fiscal Year Ended September 30, 2018
[Japan GAAP] (Consolidated)
November 14, 2018
Company
Listed on the TSE
CANDEAL Co., Ltd.
Stock Code1446
URL https://www.candeal.co.jp/
Representative
Akio Hayashi, President and Executive Director
Contact
Izumi Fujiwara, Director, General Manager of Administration Dept. T E L: +81-3-6862-1701
Expected date of annual shareholders’ meeting: December 21, 2018
Expected starting date of dividend payment: Expected date of filing of annual securities report: December 21, 2018
Preparation of supplementary financial document: Yes
Results briefing: Yes (for analysts)（Rounded down to million yen）

１. Consolidated business results for the fiscal year ended September 2018
(October 1, 2017 through September 30, 2018)(1) Consolidated results of operations(% change from the previous corresponding period)

Net salesYear ended Sept. 2018Year ended Sept. 2017

Million yen
12,23911,959Operating income%
2.3
14.0

Million yen
403
334

Ordinary income%
20.7
45.9

Million yen
345
285%
20.7
20.7

Net income attributableto owners of parent
Million yen%
17152.7
112－(Note) Comprehensive income:Year ended September 2018: 170 million yen (51.4%)
Year ended September 2017: 112 million yen (-%)

Net income
per share

Diluted net income
per share

Yen
35.31
23.41

Year ended Sept. 2018Year ended Sept. 2017

Return onequity

Yen
33.54
－%
6.5
9.2

Ratio of ordinary
income to total
assets
%5.0
8.1

Ratio of operating
income to net sales%
3.3
2.8(Note) 1. Diluted net income per share for the previous fiscal year is not presented, as the Company's shares were unlisted and the average stock priceduring the period cannot be ascertained, although there is a balance of stock acquisition rights.
2. Diluted net income per share for the current fiscal year is calculated by deeming the average stock price from the date of initial listing to the last
day of the current fiscal year to be the average stock price, as the Company's shares were listed on the Tokyo Stock Exchange Mothers market on
July 5, 2018.
3. On March 14, 2018, the Company conducted a 100-for-1 stock split of its common stock. Net assets per share, net income per share and diluted
net income per share are calculated assuming that the stock split was conducted at the beginning of the previous fiscal year.

(2) Consolidated financial position
Total assets
As of Sept. 2018
As of Sept. 2017

Million yen
6,742
7,045

Net assets
Million yen
2,856
2,452

Shareholders’ equity
ratio%
42.1
34.6

Net assets per
shareYen
565.12507.71(Reference) Shareholders’ equity:
As of September 2018: 2,841 million yen
As of September 2017: 2,437 million yen(3) Consolidated results of cash flows

Year ended Sept. 2018Year ended Sept. 2017

Cash flows fromoperating activities
Million yen
147526Cash flows frominvesting activities
Million yen-31-6－ 1 －Cash flows fromfinancing activities
Million yen-228-279

Cash and cash equivalents
at the end of period
Million yen
1,267
1,379

2. Dividends
Annual dividendYear ended Sept. 2017
Year ended Sept. 2018Year ending Sept. 2019
(forecast)End of 1Q

End of 2Q

End of 3Q

Year-end

Yen
―――

Yen
―
0.00
5.00

Yen―
――

Yen
0.00
0.00
5.00

Total
dividend(Total)

Total
Yen
0.00
0.00
10.00

Dividend
payout ratio(Consolidated)

Million yen――%―――Rate of total
dividend tonet assets(Consolidated)%――

3．Forecast of consolidated business results for the fiscal year ending September 2019
(October 1, 2018 through September 30, 2019)
Net salesYear ending
Sept. 2019(% change from the previous corresponding period)

Operating income%

Net income attributableto owners of parent
Million yen
%

27.5

218

Ordinary income

Million yen%

Million yen%

Million yen

13,500

10.3

485

20.1

440

Net income
per shareYen

27.2

43.36

*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: None: None(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of September 2018
5,028,200 shares
As of September 2017
4,800,200 shares② Treasury stock at the end of period:
As of September 2018- shares
As of September 2017
- shares③ Average number of stock during period
Year ended September 2018
4,853,230 sharesYear ended September 2017
4,794,721 shares(Note) On March 14, 2018, the Company conducted a 100-for-1 stock split of its common stock. Number of shares outstanding at the end of period is
calculated assuming that the stock split was conducted at the beginning of the previous fiscal year.

－ 2 －(Reference) Summary of non-consolidated business results
1. Non-consolidated business results for the fiscal year ended September 2018
(October 1, 2017 through September 30, 2018)(1) Non-consolidated results of operations

Year ended Sept. 2018Year ended Sept. 2017

Net sales
Million yen
1,124789%
42.4
28.0

Net incomeper share
Year ended Sept. 2018Year ended Sept. 2017

Yen
33.12
3.64

(% change from the previous corresponding period)
Operating income
Ordinary income
Net income
Million yen% Million yen%
Million yen%
284
117.9
234
127.5
160
820.3
130-16.7
103
39.9
17-5.2
Diluted net income pershareYen
31.45－(Note) 1. Diluted net income per share for the previous fiscal year is not presented, as the Company's shares are unlisted and the average stock price during
the fiscal year cannot be ascertained, although there is a balance of stock acquisition rights.
2. Diluted net income per share for the current fiscal year is calculated by deeming the average stock price from the date of initial listing to the last dayof the current fiscal year to be the average stock price, as the Company's shares were listed on the Tokyo Stock Exchange Mothers market on July 5,
2018.
3. On March 14, 2018, the Company conducted a 100-for-1 stock split of its common stock. Net assets per share, net income per share and diluted net
income per share are calculated assuming that the stock split was conducted at the beginning of the previous fiscal year.

(2) Non-consolidated financial position
Total assets
As of Sept. 2018
As of Sept. 2017

Million yen
5,232
5,418

Net assets
Million yen
2,717
2,324

Shareholders’ equity
ratio

Net assets pershare%
51.7
42.6

Yen
537.57480.93(Reference) Shareholders’ equity:
As of September 2018: 2,702 million yen
As of September 2017: 2,308 million yen*Financial summary is not subject to the review procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the Companyand certain assumptions that the Company deems to be reasonable at the time this report was prepared. The Company
does not make promises about the achievements. Actual results may differ significantly from the forecasts due tovarious factors.
(Access to Supplementary Explanatory Materials and Details of Results Briefing)
The Company plans to hold a financial results briefing for securities analysts on Tuesday, November 27, 2018.
Materials for this briefing will be posted on the Company's website as soon as possible after the briefing.

－ 3 －