The term Ended March 31, 2018
Brief Report on Consolidated Closing of Accounts

May 10, 2018

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 18, 2018
Scheduled date for submission of annual financial report : Jun 20, 2018
Scheduled date for Start of Dividend Payment : Jun 8, 2018
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, 2018 (April 1, 2017 through March 31, 2018)(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

FY2017FY2016＊Comprehensive income\ million％

171,536
2.3167,723△ 2.9FY2017 4,185 million yen(246.0%)

Net Income
Per Share-Diluted

Net Income Per Share\FY2017
114 .31
FY2016163 .73* Gain or loss from investments by the equity method％

6,029△4.76,327△36.8
FY2016 1,209 million yen(―%)
Return onEquity\FY2017 -\ million

％

5,648
6,265

△ 9.9
△ 14.83.4
5.0％

2,7173,980△ 31.7
7.6

Operating
Incometo SalesOrdinary Income
to Total Assets％

112.56161.92FY2016 -\million％％

3.3
3.9

3.5
3.8

(2) Financial Status
Total Assets

Net Assets\ millionFY2017
FY2016【Reference】Owner's equity

176,661
167,171

FY2017FY201679,85378,446

Net Assets per Share

Equity Ratio\ million％\97,01593,75945.2
46.9

3,359 443,300 26

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

9,421
17,191FY2017FY2016year\ million△ 20,814△ 22,627\ million

6,875
10,07520,88225,197

2. Dividend Payment
Dividend Payment Per Sharedate

1QInterim￥Total Payment Payout Ratio

3Q￥

Year-end￥

Annual￥(annual)￥\million－
18.00－FY201640.00
58.00
1,393－
25.00
－
1,402
FY2017
34.00
59.00
－
29.00
－FY2018 (Forecast)
30.00
59.00
<Notice>
FY2017 Year-end Dividend of ￥34.00 per share(Breakdown) : Common Dividend ￥16 , Memorial Dividend(70th anniversary of foundation) ￥18

3. Consolidated basis Forecasts for FY2018（April 1, 2018 through March 31, 2019）
Net Sales
Operating Income
InterimFull term\ million％

83,500171,000

△ 2.6
△ 0.3

Net Income Attributableto Owners of Parent\ million

2,600
6,400

Ordinary Income％\ million％△ 17.46.1

2,8006,300△ 28.011.5

Net Income per Share\67.31
Interim
1,600△ 38.1
168.28Full term
4,000
47.2
＊Percent indications show percentage of changes from corresponding figures for the previous period.
\million％(Consolidated)

Ratio of Dividends toNet Assets (Consolidated)

%%

35.4
51.6
35.1

1.8
1.8

<Notice>(1) Changes in significant subsidiaries during FY2017 : None
*Changes in specified subsidiaries that caused a change in the scope of consolidationExclusion： 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: Yes④ Restatement: None
(3) # of issued stock (common stock)① Term end # of issued stock (include treasury stock)
FY2017② Term end # of treasury stock
FY2017③ Average # of shares
FY201725,055,636
1,285,877
23,769,759

FY2016FY2016FY201625,055,636
1,285,877
24,312,203（ Reference）

1. Yorozu Corporation individually Business Results for the term Ended March 31, 2018 (April 1, 2017 through March 31, 2018)(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
FY2017FY2016\ million％\ million％\ million％

58,62755,5965.5
16.4

2,1182,597

△18.4
△41.5

2,856
4,450

△ 35.8
6.0

Net Income Per Share107.29154.99

％

2,550
3,768

△ 32.3
6.1

Net Income
Per Share-Diluted\FY2017
FY2016\million\105.64
153.28(2) Individually Financial Status
Total Assets

Net Assets\ million

FY2017FY2016【Reference】Owner's equity

127,134
121,817

FY2017FY2016

79,274
77,791\ million

79,827
78,240Equity Ratio

62.4
63.9

\ million＊This Financial Results report for FY2017 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, 2018 for institutional investors and analysts.
Materials used in the briefing shall be published on the website (homepage) shortly.

Net Assets per Share％\3,335 .08
3,272 .72