August 4, 2016

Summary of Consolidated Financial Results
For the First Quarter of Fiscal Year Ending March 31, 2017 [Japan GAAP] ("Q1/FY2016")
Company: Asunaro Aoki Construction Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange (First Section)
Stock code: 1865
URL: https://www.aaconst.co.jp/
Representative: Yasunobu Ueno, Representative Director and President
Contact: Haruyuki Kunitake, Managing Officer and Chief of Administration H.q.
Contact: 03-5419-1011, Koho@aaconst.co.jp
Date of filing of quarterly securities report:
August 5, 2016
Date of commencement of dividend payment:
Supplementary explanatory documents:
NoEarnings presentation:
No(Yen in millions, rounded down, figures in parentheses indicate negative amounts or percentages)
1. Financial results for the first quarter of the fiscal year ending March 2017 (April 1, 2016 – June 30, 2016)(1) Consolidated result of operations (year-to-date)(Percentage figures represent year on year changes)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Million yen%
Million yen% Million yen%
Million yen%
7.2
1Q / FY 2016
30,618
1,414
73.2
1,42372.8723
27.3
1Q / FY 2015
28,567
11.3
816
148.8
823
152.9
568
351.2
Note: Comprehensive income:
1Q / FY 2016 :662 million yen 3.0% , 1Q / FY 2015 : 642 million yen -%Earnings per share
Earnings per share(diluted)Yen
Yen
1Q / FY 2016
12.90－
1Q / FY 2015
10.13－
(2) Consolidated financial Position
Total assets
Million yen
92,99097,291

As of June 30,2016
As of March 31,2016(Reference) Shareholders' equity
As of June 30, 2016: 58,008 million yen

Net assets
Million yen
58,031
58,380Equity ratio%
62.4
60.0

As of March 31, 2016: 58,357 million yen

2. Dividends
End of1Q

End of2Q
Yen
0.00
0.00

Dividend per share
End of3Q
Yen－Yen
FY 3/2016－
FY 3/2017－
FY 3/2017 (Est.)－
Note: Change in the estimation of divided from the latest announcement: NoEnd ofFY

Annual

Yen
18.00

Yen
18.00

18.00

18.00

3. Consolidated forecast for the fiscal year ending March 31, 2017 (April 1, 2016 – March 31, 2017)(Percentage figures represent year on year changes)
Profit attributable toNet earnings
Net sales
Operating income
Ordinary income
owners of parent
per share
Million yen%
Million yen%
Million yen%
Million yen%
Yen
Half year
67,000
5.9
3,000
14.9
3,000
13.7
2,000 (16.1)
35.64
Full year
146,000
4.8
6,300
7.5
6,200
5.1
4,000
3.7
71.28
Note: Change in the forecast from the latest announcement: No*Notes(1) Changes in significant subsidiaries (Changes of specific subsidiaries that accompanies scope change ofconsolidation): No(2) Use of accounting methods specifically for the preparation of the quarterly consolidated financial statements: No(3) Changes in accounting principles and estimates, and retrospective restatement(a) Changes due to revision of accounting standards: Yes(b) Changes other than (a): No(c) Changes in accounting estimates: No(d) Retrospective restatement: No(4) Number of shares outstanding (common stock)(a) Shares outstanding (including treasury shares)
As of June 30, 2016: 59,100,000
As of March 31, 2016: 59,100,000(b) Treasury shares
As of June 30, 2016: 2,983,756
As of March 31, 2016: 2,983,756(c) Average number of shares (quarterly consolidated cumulative period)
Period ended June 30, 2016: 56,116,224
Period ended June 30, 2015: 56,116,682* Auditing of financial statements is not conducted to this summary of financial results.
* Cautionary statement regarding forecasts and special notes(Note on forward looking statements)
Forward-looking statements in these materials are based on the information available to management at the time thisreport was prepared. Actual results may differ significantly from these statements for number of reasons.

Index for Supplementary Information
1.

2.

Quarterly Consolidated Financial Statements……………………………………………………………………

2(1) Quarterly consolidated balance sheet……………………………………………………………………………..

2(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income…..

3

Quarterly consolidated statements of income…………………………………………………………………….

3

Quarterly consolidated statements of comprehensive income………………………………………………….

4

Orders received and net sales.....................................................................................................................

63

1.

Quarterly Consolidated Financial Statements(1)

Quarterly consolidated balance sheet(Million yen)
Fiscal year ended March2016(As of March 31, 2016)

First quarter ended
June 2016(As of June 30, 2016)

ASSETS
Current assets
Cash and deposits
Notes receivable, accounts receivablefrom completed construction contracts
and other
Real estate for sale
Costs on uncompleted construction
contracts
Costs on real estate business

26,10633,17351,08938,168

1,320

1,002

94

187

1,862

2,037

Accounts receivable
Deferred tax assets

1,850
1,044

4,598
1,019

Other
Allowance for doubtful accounts

1,953(299)1,191(281)

Total current assets

85,02281,097

830

803

719

692

751
4,368

849
4,356

95
139

88
156

6,904

6,946

186

180

3,591

3,423

8
858

8
807

359
1,192

395
956

Noncurrent assets
Tangible Assets
Buildings and structures, net
Machinery, vehicles, tools, furnitureand fixtures, netVessels, net
Land
Lease assets, net
Construction in progress
Total Tangible assets
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Long-term accounts receivable
Deferred tax assets
Other
Allowance for doubtful accounts

(832)

(826)

Total investments and other assets

5,178

4,765

Total noncurrent assets
Total assets

412,269

11,892

97,291

92,990(Million yen)First quarter ended
June 2016(As of June 30, 2016)

Fiscal year ended March2016(As of March 31, 2016)
LIABILITIESCurrent liabilities
Accounts payable for construction
contracts
Income taxes payable
Advances received on uncompleted
construction contracts
Provision for warranties for completed
construction
Provision for loss on construction
contracts
Provision for bonuses
Other
Total current liabilities
Noncurrent liabilities
Deferred tax liabilities for land
revaluation
Provision for special repairs of vessels
Retirement allowances
Other
Total noncurrent liabilities

18,583

15,324

1,291

482

5,520

5,423

552

560

-

14

1,604
2,298

2,173
1,917

29,85025,896

215

215

75
8,262

67
8,299

507

479

9,060

9,062

38,91034,959

Capital stock
Capital surplus

5,000
23,766

5,000
23,766

Retained earnings
Treasury shares

31,454(1,921)

31,168(1,921)

Total shareholders’ equity

58,29958,013

491

371

48

48(482)

(425)

57

(5)

Total liabilities
NET ASSETS
Shareholders’ equity

Accumulated other comprehensive incomeValuation differences onavailable-for-sales securities
Revaluation reserve for landRemeasurements of retirement
allowance plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

523

22

58,38058,031

97,291

92,990(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income
Quarterly consolidated statements of income
For the first quarter of fiscal year ending March 31.2017 (April 1, 2016 – June 30, 2016)(Million yen)First quarter ended June
2016 (April 1, 2016June 30, 2016)

First quarter ended June2015 (April 1, 2015June 30, 2015)
Net sales
Net sales of completed construction
contracts
Sales on real estate businessTotal net sales
Cost of sales
Cost of sales of completed construction
contracts
Cost of sales on real estate businessTotal cost of sales
Gross profit
Gross profit on completed construction
contracts
Gross profit-real estate business

28,222

30,115344

503

28,56730,61825,62026,854291

379

25,911

27,234

2,602

3,260

53

123

2,655

3,384

1,839

1,970

816

1,414

Non-operating income
Interest income

00Dividend income
Interest on refund

220186

Other

215

Total non-operating income

4430321852

Total gross profit
Selling, general and administrative expenses
Operating income

Non-operating expenses
Interest expense
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on sales of non-current assets

3721823

1,423

3-

Reversal of provision for loss on litigation
Other

100-

Total extraordinary income

15-

1-

Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses

1-

Income before income taxes

838

1,423

Income taxes-current

284659

Income taxes-deferred(13)38

Total income taxes

271

698

Net earnings
Profit (loss) attributable to non-controllinginterests
Profit (loss) attributable to owners of parent

566

724

(1)

0568

723

6

Quarterly consolidated statements of comprehensive income
For the first quarter of fiscal year ending March 31.2017 (April 1, 2016 – June 30, 2016)
First quarter ended June2015 (April 1, 2015June 30, 2015)(Million yen)First quarter ended June
2016 (April 1, 2016June 30, 2016)

Quarterly net earnings
Other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of retirement allowanceplans
Total other comprehensive income

566

724

13(119)635776(62)Comprehensive income

642662

644

661

(1)

0

(This splits into…)
Comprehensive income attributable toowners of parent
Comprehensive income attributable tonon-controlling interests72.

Orders received and net sales(1) Consolidated(Million yen, %)1Q / FY 2015

1Q / FY 2016

(Apr 1, 2015 - Jun 30, 2015)(Apr 1, 2016 - Jun 30, 2016)

AmountShareAmountShare

Architecture

19,73836.3

11,836

28.7

Ordersconstruction
Civil engineering

34,352

63.1

28,93970.1

received

Total construction

54,09099.4

40,776

98.8

Real estate

344

0.6

503

1.2

Total

54,435100.0

41,279100.0

Architecture

7,299

25.6

10,201

33.4

Civil engineering

20,922

73.2

19,91365.0

Total construction

28,22298.8

30,115

98.4

Real estate

344

1.2

503

1.6

Total

28,567100.0

30,618100.0

Net sales(2) Non-consolidated(Million yen, %)1Q / FY 2015

1Q / FY 2016

(Apr 1, 2015 - Jun 30, 2015)
AmountArchitectureconstruction

Share(Apr 1, 2016 - Jun 30, 2016)
AmountShare

Public

1,352

4,271

Private17,5106,797

Subtotal

18,863

56.6

11,069

Civil

Public

9,005

3,095

engineering

Private

5,109

7,946

Subtotal
Total
received construction
Orders

14,11442.3

11,042Public10,358

7,367

Private22,61914,744

Total

32,97898.9

22,111

Public--Private

353

509

48.9

48.8

97.7

Real estate
Total

353

1.1

509

2.3

Public10,358

31.1

7,367

32.6

Private22,97368.9

15,253

67.4

33,331

100.0

22,621100.0

Architecture

6,941

40.59,739

53.0

Civil engineering

9,855

57.4

8,108

44.2

Net sales Total construction

16,796

97.9

17,847

97.2

353

2.1

509

2.8

17,150100.0

18,357

100.0

Total

Real estate
Total

Disclaimer: All financial information has been prepared in accordance with generally accepted
accounting principles in Japan. This document is a partial English translation of the Japanese
Financial Statements which were filed with Stock Exchanges in Japan on August 4, 2016. TheCompany provides this translation for your reference and convenience only without any
warranty as to its accuracy. In case of any discrepancy between the translation and theJapanese original, the latter shall prevail8