Consolidated business results
Financial Results for the year ended March 31,2019

May 8, 2019

ROUND ONE corporation

TSE First section

Code No.4680
URL http://www.round1.co.jp/C.E.O. and President
Masahiko Sugino
Senior Executive Director Head of Administration Unit
Shinji Sasae
Expected date of Regular General Shareholder's Meeting : June 22, 2019.
Expected date of presentation of securities report : June 24, 2019.
Expected date of dividend payment : June 24, 2019.

Tel : +81-6-6647-6600( Figures are rounded down to the nearest million yen.)

1. Business Results for the year ended in March 2019. ( April 1, 2018 to March 31, 2019 )(1) Operating Results( % is percentage change comparing to previous term.)

Sales

Operating income\mn(Note)

Comprehensive income\mn％101,318
95,910FY2018 (2019/3)
FY2017 (2018/3)

Return onequity

Ordinary income to Operating income tosales ratio
total assets ratio
％
％

－－

12.0
15.6

\(Note)％Investment gains and losses by the equity method％

Net income per share,
fully diluted

7,159
8,411(14.9)
207.5

FY2017 : \7,719mn 153.1%

75.15
88.29

FY2018 (2019/3)
FY2017 (2018/3)

\mn

9.3
75.3

FY2018 : \7,716mn △0.0%

8.6
57.7％

11,22010,267

5.6
9.3

Earnings per share\mn％

11,443
10,537

Profit attributable toowners of parent

Ordinary income

10.0
9.9

11.3
11.0

FY 2018 : None , FY 2017 : None

(2) Financial Status
Total assets

Net assets

Equity ratio\mn(Note)％\62,604
56,720

\mn

53.3
53.1

655.99595.40Cash flow frominvesting activities

Cash flow fromfinancing activities

117,346
106,652

FY2018 (2019/3)
FY2017 (2018/3)
Shareholder's equityNet assets per share

FY2018 : \62,490mn , FY2017 : \56,682mn(3) Cash Flow
Cash flow fromoperating activities\mn\mn20,871
24,210FY2018 (2019/3)
FY2017 (2018/3)

Cash and cash equivalents
at end of period\mn(10,783)(7,448)\mn(11,159)(13,286)

22,52423,4392.Dividend Payment
Annual dividend per share
1Q
FY2017 (2018/3)
FY2018 (2019/3)
FY2019(2020/3)(estimate)

2Q

3Q

Term

Total amount ofdividend

Dividend payout
ratio

Ratio of dividends paid
to shareholder's equity(annual)(Consolidated)(Consolidated)

Annual\\\\\－－－

10.00
10.00
10.00

－－－

10.00
10.00
10.00

20.00
20.00
20.00

\mn

1,905
1,905％

％

22.7
26.6
27.6

3.5
3.2

3.Forecasts for the FY2019. ( April 1, 2019 to March 31, 2020 )( % for term is percentage change comparing to previous term , % for quarter is percentage change comparing to the same quarter in previous term.)

Sales (Consolidate)

Operating Income(Consolidate)

\mn

\mn％

Ordinary Income(Consolidate)\mn％

Profit attributable to ownersof parent (Consolidate)

％

\mn％

Earnings per share(Consolidate)\

2nd quarter-end

53,680

9.8

5,670

21.7

5,530

22.6

3,530

17.6

37.06

FY2019(2020/3)

109,300

7.9

11,8703.7

11,600

3.4

6,900

(3.6)

72.43

-1-4.Others(1) The change of the important subsidiary during the term. (Change in consolidation scope in subsidiary.)None(2) Change in accounting method, accounting principle, how to disclose, and others to make the consolidated financial statements.
① Change in accounting standard : None
② Without above ① : None
③ Change in accounting estimate : None
④ Retrospective restatement : None
(3) Number of shares outstanding during the term (Common stock)95,452,914 FY2017
95,452,914① Number of shares issued at the term end. ( Include treasury stock) FY2018
191,240 FY2017
189,233② Number of treasury stock at the term end.
FY201895,262,491 FY2017
95,264,893③ Number of average stock.
FY2018(Reference)Non-consolidate business results

1. Business Results for the year ended in March 2019. ( April 1, 2018 to March 31, 2019 )(1) Operating Results( % is percentage change comparing to previous term.)

SalesOperating Income\mn
FY2018 (2019/3)
FY2017 (2018/3)

84,97684,331

\mn％

0.8
4.7

Earnings per Share

9,761
9,381％

4.0
108.3

Ordinary Income

\mn
9,769
9,335％

4.7
72.4

Net Income

\mn
6,429
7,511％(14.4)
163.4

Net Income per share,
fully diluted\FY2018 (2019/3)
FY2017 (2018/3)

67.49
78.85

－－

(2) Financial Status
Total Assets

Net Assets\mn
FY2018 (2019/3)
FY2017 (2018/3)(Note)

Shareholder's equity

104,491
98,691

Shareholder's Equity Ratio\mn60,609
56,011

Shareholder's EquityPer Share％

\57.9
56.7

635.04587.97FY2018(2019/3) : \60,495mn , FY2017(2018/3) : \55,974mn※ This report is not included in the scope of audit.
※ Explanation about the appropriate usage of business prospects and other special notes.
・ The above-mentioned business forecasts were based on the information available as of the date of the release of this report,
no warranty is given as to the realization of the forecasts.
・ Future events may cause the actual results to be significantly different from the forecasts.

-2-

Consolidated Balance sheet - 1(million of yen)Term

End of Previous Term

End of Current Term(as of March 31, 2018)(as of March 31, 2019)

AmountAmountItem( Assets )Current assets
Cash and deposits
Accounts receivable
Merchandises
Supplies
Other
Current assets total

23,439
932
393
1,470
2,012
28,24922,524
1,182
429
2,105
2,429
28,671

74,446(37,186)
37,2604,894(3,056)
1,837
3,396(3,372)
24
5,736
27,221(13,533)
13,687
12,374(8,562)
3,811
62,358
213

78,669(38,121)40,547
7,108(3,579)3,528
6,139(4,885)1,254
5,736
30,990(12,968)
18,021
14,174(9,356)
4,817
73,905
690

5,843
9,758
228
15,83078,403
106,652

4,571
9,323
182
14,07888,674
117,346

Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures(Net)
Bowling equipment
Accumulated depreciation
Bowling equipment(Net)
Amusement machines
Accumulated depreciation
Amusement machines(Net)Land
Leased assets
Accumulated depreciation
Leased assets(Net)
Other
Accumulated depreciation
Other(Net)
Property, plant and equipment totalIntangible assets
Investments and other assets
Deferred tax assets
Guarantee deposits
Other
Investments and other assets total
Non-current assets total
Total assets
Note ： Figures are rounded down to the nearest million yen.

-3-

Consolidated Balance sheet - 2(million of yen)Term

End of Previous Term

End of Current Term(as of March 31, 2018)(as of March 31, 2019)

AmountAmountItem( Liabilities )Current liabilities
Accounts payable
Short-term loans payable
Current portion of bonds
Current portion of long-term loans payable
Lease obligations
Income taxes payable etc.
Other
Current liabilities total

960
920
935
4,450
8,250
1,628
7,645
24,791

350
1,441
825
2,899
9,497
1,208
8,865
25,088

－
7,408
271
7,276
47
6,216
464
3,455
25,14149,932

1,675
6,675
－
9,568
184
6,099
461
4,989
29,65354,741

25,021
22,6389,513(334)
56,83825,021
22,63814,767(337)
62,089

(138)
(17)
(156)
37
56,720106,652

(138)
539
400
114
62,604
117,346

Non-current liabilities
Bonds payable
Long-term loans payable
Provision for retirement benefits for directors
Lease obligations
Deferred tax liabilities
Asset retirement obligations
Long-term guarantee deposited
Other
Non-current liabilities total
Liabilities total(Net assets)
Shareholder's equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Shareholder's equity total
Accumulated other comprehensive income
Revaluation reserve for land
Foreign currency translation adjustment
Accumulated other comprehensive income total
Share acquisition rights
Net assets total
Total liabilities and net assets
Note ： Figures are rounded down to the nearest million yen.

-4-Consolidated Income Statement(million of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income

Previous Term

Current Term

From April 1, 2017

From April 1, 2018

to March 31, 2018

to March 31, 2019

AmountAmount95,91083,067
12,842
2,304
10,537

101,318
86,858
14,4603,016
11,443

18
21
46
78
105
270

16
35
47
71
146
318

495
45
540
10,267471
70
541
11,220

－
381
717
1,098
9,168
1,611(853)
757
8,411
8,411

75
453
602
1,131
10,0891,523
1,4052,929
7,159
7,159

8,411

7,159

(691)
(691)

556
556

7,719

7,716

7,719
－

7,716
－

Non-operating income
Interest and dividend income
Reward for sales cooperation
Operations consignment fee
Subsidy income
Other
Non-operating income total
Non-operating expenses
Interest expenses
Other
Non-operating expenses total
Ordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment loss
Extraordinary losses total
Pretax net income for the current term
Income taxes - current
Income taxes - deferredTotal income taxes
ProfitProfit attributable to owners of parent
Note : Figures are rounded down to the nearest million yen.

ProfitOther comprehensive income
Foreign currency translation adjustments
Total other comprehensive income
Comprehensive income(Detail)Comprehensive income attributable to owner of the parent
Comprehensive income attributable to non controling interest-5-

Consolidated Statement of changes in Shareholders Equity
Previous Term (From April 1,2017 to March 31,2018)(million of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

25,021Retained earnings

22,638

3,007

Total shareholders'equityTreasury shares(330)

50,336

Changes of items during period
Dividends of surplus
Profit attributable to ownersof parent(1,905)(1,905)

8,411

8,411

Purchase of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

(3)

－－

6,506

(3)

6,502

25,021

22,638

9,513

(334)

56,838

Accumulated other Comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustmentincome

Revaluation reserve
for land
Balance at beginning of current
period

(3)

(138)

674

535

Share acquisitionrightsTotal net assets－50,872

Changes of items during period
Dividends of surplus(1,905)

Profit attributable to ownersof parent

8,411

Purchase of treasury shares(3)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

(691)

(691)

37

(654)

－(691)

(691)

37

5,848

(138)

(17)

(156)

37

56,720-6-Consolidated Statement of changes in Shareholders Equity
Current Term (From April 1,2018 to March 31,2019)(million of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

25,021Retained earnings

22,638

9,513

Total shareholders'equityTreasury shares(334)

56,838Changes of items during period
Dividends of surplus
Profit attributable to ownersof parent(1,905)(1,905)

7,159

7,159

Purchase of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

(3)

－－

5,254

(3)

5,250

25,021

22,63814,767(337)

62,089

Accumulated other Comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
income

Revaluation reserve
for land
Balance at beginning of current
period

(3)

(138)

(17)

(156)

Share acquisitionrightsTotal net assets

37

56,720Changes of items during period
Dividends of surplus(1,905)

Profit attributable to ownersof parent

7,159

Purchase of treasury shares(3)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

556

556

76

633－556556

76

5,884(138)

539

400

114

62,604-7-

Consolidated Statement of Cash Flow(million of yen)Previous Term

Current Term

From April 1, 2017
to March 31, 2018

From April 1, 2018
to March 31, 2019

AmountAmountCash flow from operating activities
Net income before taxes
Depreciation expenses
Impairment loss
Increase(decrease) in officer's retirement allowanceInterest and dividend received
Interest paid
Fixed assets sales loss(gain)
Fixed assets disposal losses
Decrease(increase) in account receivables
Decrease(increase) in inventory
Increase(decrease) in account payable
Decrease (increase) in consumption taxes refund receivable
Increase (decrease) in accrued consumption taxes
OtherSubtotal
Interest and dividends received
Interest paid
Corporate taxes refund
Corporate taxes paid
Total cash flow from operating activities
Cash flow from investing activities
Payment for acquisition of fixed asset investment
Proceeds from sales of fixed asset
Payments for asset retirement obligation
Payment for guarantee deposits
Proceeds from collection of guarantee deposits
OtherTotal cash flow from investing activitiesCash flow from financing activities
Increase(decrease) in short-term loan
Payment for lease obligation
Proceeds from long-term loans
Payment for long-term loans
Proceeds from issuance of bonds
Redemption of bonds
Repayments deposits received
Proceeds deposits received
Payment for acquisition treasury stock
Dividend payments
Total cash flow from financing activities
Effect of exchange rate changes on cash and cash equivalents
Increase(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Note : Figures are rounded down to the nearest million yen.

-8-

9,168
11,843
717
(28)
(18)
495
－
381
(194)
(298)
316
372
1,231
956
24,9434(492)
382(628)
24,21010,08912,481
602
(282)
(16)
471
75
453
(244)
(640)
(638)
－
(893)
1,760
23,2175(463)－(1,888)20,871(7,721)
－
－
(204)
519
(42)
(7,448)(10,892)
5(115)
(113)
514
(181)
(10,783)242(9,665)2,300(5,098)
－
(170)
(60)
1,075
(3)
(1,905)(13,286)
(233)
3,242
20,19723,439521(10,298)
3,300(5,584)2,500(935)
(74)
1,320
(3)
(1,905)(11,159)
156(915)
23,43922,524-8-