October 31, 2016

First Half Earnings Report for Fiscal 2016, Ending March 31, 2017
[Japanese Standards] (Consolidated)
Company name:Securities code:
Representative:

Ryosan Company, Limited
Stock listing: First Section, Tokyo Stock Exchange
8140
URL http://www.ryosan.co.jp
Naoto Mimatsu, President and Representative Director
TEL:
Masahide Nishiura, Director and Senior Executive Officer
Inquiries:
General Manager, Finance and Accounting Headquarters+81-3-3862-2591
Scheduled filing date of quarterly earnings report:
November 14, 2016
Scheduled payment date of dividend:
December 1, 2016
Supplementary materials for the quarterly financial results:
Yes
Investor conference for the quarterly financial results:
Yes (for security analysts and institutional investors)(Millions of yen rounded down)

1. Consolidated results for the first half of fiscal 2016 (April 1, 2016 to September 30, 2016)(1) Consolidated operating results (Cumulative)(% change compared with same period of previous fiscal year (YoY))
Profit attributable toOperating income
Ordinary income
owners of parent

Net sales
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

101,884(12.7)

1,877(34.0)

2,345(11.8)

1,703

(7.4)

116,770(2.8)(Note) Comprehensive income
First Half, Fiscal 2016: (695) million yen (－%)
First Half, Fiscal 2015: 669 million yen (-79.0%)

2,845

9.6

2,658

9.3

1,839

30.7

First Half, Fiscal 2016
First Half, Fiscal 2015

Basic earnings per
share

Diluted earnings per
share

Yen

First Half, Fiscal 2016
First Half, Fiscal 2015

Yen

58.13
59.30

―
―

(2) Consolidated financial position
Total assets

Net assets

Net assets to total assets

Millions of yen

Millions of yen%

September 30, 2016
152,975
March 31, 2016
157,011(Reference) Shareholders’ equity
September 30, 2016: 109,939 million yen
March 31, 2016: 115,362 million yen

109,939
115,36271.9
73.5

Net assets per shareYen

3,812.30
3,915.04

2. Dividends
Dividends per share (Yen)End of 1Q
Yen

Fiscal 2015―
Fiscal 2016―
Fiscal 2016 (Forecast)(Note) Revision of dividend forecasts: None

End of 2Q

End of 3Q

Yen

45.00
70.00

Yen

Annual

Total
Yen

Yen

―

95.00

140.00―70.00

140.00As stated in the "Notice Concerning Revision of Dividend Forecast" released on July 11, 2016, Ryosan Company
Limited (Ryosan)'s basic dividend policy is to pay ordinary and special dividends of 90 yen and 50 yen or more pershare, respectively, resulting in a total dividend of 140 yen or more per share for the fiscal year ending March 31,
2017.

Fiscal 2015

Year-end dividend breakdown:

45 yen (ordinary), 50 yen (special)

Fiscal 2016

Interim dividend breakdown:

45 yen (ordinary), 25 yen (special)

Fiscal 2016

Year-end dividend breakdown (forecast):45 yen (ordinary), 25 yen (special) or more

3. Forecast of results for the fiscal 2016 (April 1, 2016 to March 31, 2017)
Net sales
Millions of yen(% figures represent year-on-year increase or decrease)
Basic
Profit attributable toearnings per
Ordinary income
owners of parent
share

Operating income%

Millions of yen

Full Fiscal Year
215,000(5.8)(Note) Revision of financial results forecasts: Yes

4,400

%

Millions of yen%

Millions of yen%(20.6)

4,900(12.4)

3,600

(1.9)

Yen

123.78* Notes(1) Transfer of major subsidiaries during the scope of consolidation of these six months ended September 30, 2016 (transfer of
specified subsidiaries in line with changes in the consolidated range): NoneNew:

－ (Company name:)

Excluded:－ (Company name:)(2) Application of accounting procedures specific to preparing quarterly financial statements: None
(3) Changes in accounting principles, changes in accounting estimates, and restatements
1) Changes in accordance with revisions to accounting standards and related practices of accounting principles: Yes
2) Changes in items of accounting principles other than 1) above: None
3) Changes in accounting estimates: None
4) Restatements: None
(4) Number of shares issued and outstanding (common shares)
1. Total number of shares issued andoutstanding (including treasury shares) at the

September 30, 2016

31,500,000 shares

March 31,2016

31,500,000 shares

September 30, 2016

2,661,866 shares

March 31,2016

2,033,462 sharesperiod-end:
2. Total number of treasury shares at theperiod-end:
3. Average number of shares outstanding
during the period (Cumulative total for thequarterly consolidated period)First Half,
Fiscal 2016

29,309,292 sharesFirst Half,
Fiscal 2015

31,017,123 shares

Indication regarding the implementation status of the quarterly review procedure
This quarterly consolidated earnings report is not subject to the quarterly review procedures pursuant to the Financial Instruments andExchange Act. As of the disclosure of this earnings report, the procedures for reviewing quarterly financial statements pursuant to the
Financial Instruments and Exchange Act are in progress.
Caution with respect to forward-looking statements:(Notes on forward-looking statements)
1. The estimates referred in this report are based on the information available as of the date of this release. The Company does notpromise the realization of the estimates in this report. The Actual results could significantly differ from the estimates due to a variety offactors. For details on the conditions that form the assumptions used for earnings forecasts and notes on using earnings forecasts, pleaserefer to appendix page 3, “1. Qualitative Information Regarding this Quarterly Statement (3) Qualitative Information Concerning
Consolidated Forecast and Other Future Predictions.”
2. Ryosan will host Security Analyst and Institutional Investor Conference on Wednesday, November 16, 2016.
Presentation materials for results briefing for the conference will be posted on the company’s homepage promptly after the conference.

○Table of contents of the appendix
1. Qualitative Information Regarding this Quarterly Statement ........................................................................................................... 2(1) Qualitative Information Concerning Consolidated Operating Results .................................................................................. 2(2) Qualitative Information Concerning Consolidated Financial Position .................................................................................. 3(3) Qualitative Information Concerning Consolidated Forecast and Other Future Predictions .................................................. 3
2. Items Regarding Summary Information (Notes) .............................................................................................................................. 4(1) Transfer of Major Subsidiaries during the Scope of Consolidation of this Quarter ............................................................... 4(2) Applying Accounting Procedures Specific to Preparing Quarterly Financial Statements...................................................... 4(3) Changes in Accounting Principles, Changes in Accounting Estimates, and Restatements .................................................... 4
3. Consolidated Quarterly Financial Statements .................................................................................................................................. 5(1) Consolidated Quarterly Balance Sheet .................................................................................................................................. 5(2) Consolidated Quarterly Statement of Income and Consolidated Quarterly Statement of Comprehensive Income ............... 7
Consolidated Quarterly Statement of Income
Scope of Consolidation of this First Half Period ........................................................................................................ 7
Consolidated Quarterly Statement of Comprehensive Income
Scope of Consolidation of this First Half Period ........................................................................................................ 8(3) Consolidated Quarterly Statements of Cash Flows ............................................................................................................... 9(4) Notes Regarding Consolidated Quarterly Financial Statements............................................................................................ 10(Notes Regarding Going Concern)........................................................................................................................................ 10(Notes Regarding Substantial Changes in Shareholders’ Equity).......................................................................................... 10(Segment Information) .......................................................................................................................................................... 10
4. Supplementary Information ............................................................................................................................................................. 11(1) Geographical Segment Information ...................................................................................................................................... 11(2) Overseas Sales....................................................................................................................................................................... 12-1-

1. Qualitative Information Regarding this Quarterly Statement(1) Qualitative Information Concerning Consolidated Operating Results1) Overview
During this consolidated first half period (April 1, 2016 to September 30, 2016), the global economy on thewhole grew at a sluggish pace. While a gradual recovery continued in the United States, uncertainty surrounding
the European economy intensified, while growth slowed in China and other emerging countries. In Japan, although
the employment picture improved and natural-resource-prices fell, economic recovery remained stalled, restrainedby the strong yen and the impact of the Kumamoto Earthquake.
The electronics industry appeared rather sluggish as a whole, with a stagnating demand in the information andcommunications field that play a leading role in the market.
FY2016 is the third fiscal year for the 9th Medium-Term Business Plan (FY2014-FY2017) through which
Ryosan is pursuing business model shifts, by coping with changes in its business environment and pursuing growth
in a sustainable manner. To realize this plan, Ryosan is focusing on rebuilding its growth path and enhancing
capital efficiency. However, the results were adversely affected by the recent strong yen rates and the aggravationof the balance of demand and supply of the electronics market on the whole.
As the result, Ryosan reported net sales of 101,884 million yen (down 12.7% from the same period last fiscal
year), operating income of 1,877 million yen (down 34.0%), ordinary income of 2,345 million yen (down 11.8%),
and profit attributable to owners of parent of 1,703 million yen (down 7.4%) for this six-month consolidation
period.
2) Business Segment Informationa. Semiconductors
Ryosan sells memories, system LSIs and discrete semiconductors, and develops system LSIs. In this six-monthconsolidation period, sales including system LSIs for information and communication equipment decreased, with
net sales of 58,841 million yen (down 13.2% from the same period last fiscal year), and operating income of
1,084 million yen (down 23.8%).
b. Electronic Components
Ryosan sells display devices, power supplies and electromechanical components. In this six-monthconsolidation period, sales including liquid crystal for facilities equipment decreased, with net sales of 32,352
million yen (down 2.8% from the same period last fiscal year), and operating income of 818 million yen (down
9.2%).
c. Electronic Equipment
Ryosan sells systems equipment and facilities equipment. In this six-month consolidation period, sales
including systems equipment for Multi Function Peripherals decreased, with net sales of 10,690 million yen(down 31.9% from the same period last fiscal year), and operating income of 316 million yen (down 57.0%).

-2-

(2) 1) Qualitative Information Concerning Consolidated Financial Position
As of the end of this second quarter, total assets decreased by 4,036 million yen, as compared with the level at theend of the previous fiscal year, and came to 152,975 million yen.
Also, net assets decreased by 5,423 million yen, as compared with the level at the end of the previous fiscal year,
and came to 109,939 million yen, with the ratio of net assets to total assets being 71.9%.
2) Overview of Cash Flows
As of September 30, 2016, cash and cash equivalents decreased by 4,088 million yen, as compared with the levelat the end of the previous fiscal year, and came to 46,679 million yen.
Net cash provided by (used in) operating activities
Regarding cash flow from operating activities in this consolidated first half period, with profit before income
taxes being 2,345 million yen, funds in total increased by 2,447 million yen. This is due to notes and accounts
payable-trade increasing by 3,992 million yen, which offset an increase in accounts receivable – other of 2,180
million yen. For a comparison, in net cash from operating activities in the same period of previous year, funds had
decreased by 205 million yen.
Net cash provided by (used in) investing activities
Regarding cash flow from investing activities in this consolidated first half period, funds in total increased by
62 million yen due to such factors as proceeds from cancellation of insurance funds, etc. For a comparison, in net
cash from investing activities in the same period of previous year, funds had decreased by 164 million yen.
Net cash provided by (used in) financing activities
Regarding cash flow from financing activities in this consolidated first half period, funds in total decreased by
5,491 million yen due to 2,791 million yen in cash dividends paid, and 1,928 million yen in purchase of treasury
shares, etc. For a comparison, in net cash from financing activities in the same period of previous year, funds had
decreased by 2,107 million yen.
(3) Qualitative Information Concerning Consolidated Forecast and Other Future Predictions
1) Revision of Consolidated Forecast for Fiscal 2016 (April 1, 2016 to March 31, 2017)
In consideration of the business results of this consolidated first half period, the impact of the recent strong yen
and other factors, Ryosan has revised the consolidated earnings forecast for the period ending March 2017 as
follows. This revision of the earnings forecast does not affect the dividend forecast.
(Consolidated Forecast)
Net sales

Previous forecast (A)Revised forecast (B)Change (B-A)
Change (%)(Reference) Actual results forthe fiscal year ended March
31, 2016

OperatingincomeOrdinary income

Profit attributableto owners ofparentBasic earnings
per share

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

230,000
215,000(15,000)
(6.5)

5,600
4,400
(1,200)(21.4)

5,600
4,900
(700)
(12.5)

3,700
3,600
(100)
(2.7)

125.57
123.78――228,149

5,538

5,594

3,671

119.77-3-2) Estimates by Business Segment
a. Semiconductors
With a decrease in sales including system LSIs for information and communication equipment, Ryosan expects
net sales of 124,500 million yen (down 6.5% from the previous year) and operating income of 2,500 million yen(down 15.4%).
b. Electronic Components
With an increase in sales including mechanism parts for in-vehicle electrical equipment, Ryosan expects net
sales of 68,000 million yen (up 4.7% from the previous year) and operating income of 1,900 million yen (up23.4%).
c. Electronic Equipment
Due to a drop in sales of Multi Function Peripherals and other electronic equipment, Ryosan expects net sales
to decline to 22,500 million yen (down 25.3% from the previous year) and operating income to fall to 700
million yen (down 53.6%).

2. Items Regarding Summary Information (Notes)(1) Transfer of Major Subsidiaries during the Scope of Consolidation of this Quarter
None(2) Applying Accounting Procedures Specific to Preparing Quarterly Financial Statements
None(3) Changes in Accounting Principles, Changes in Accounting Estimates, and Restatements
Changes in Items of Accounting Principles
Implementation of Practical Solutions on Accounting for Changes in the Depreciation Method Associated with
Revisions to the FY2016 Tax Law
In accordance with revisions to the Corporate Tax Law, Ryosan has adopted the “Practical Solutions on
Accounting for Changes in the Depreciation Method Associated With Revisions to the FY2016 Tax Law”
(Practical Issues Task Force No. 32 issued on June 17, 2016), effective from the consolidated first quarter ofcurrent term, and accordingly changed the depreciation method for facilities attached to buildings and forstructures acquired on or after April 1, 2016, from the declining balance method to the straight-line method.
There was only minor impact on operating income, ordinary income and quarterly profit before income taxes
during this first half period.

-4-3. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)
Fiscal Year Ended
March 31,2016(As of March 31, 2016)

First Half of the Fiscal YearEnding March 31,2017(As of September 30, 2016)

ASSETS
Current assets
Cash and deposits

50,76843,879Notes and accounts receivable–trade64,654

63,693

Securities

-

2,800

Inventories

22,22721,753

Accounts receivable–other

736

2,916

Deferred tax assets

578

372

Other

261

163

Allowance for doubtful accounts

(41)

(58)

139,185

135,521

Buildings and structures, net

3,506

3,447

Land

6,489

6,425

Leased assets, net

272

581

Other, net

167

146

10,436

10,602

1,086

1,106

Investment securities

4,335

3,972

Deferred tax assets

141

145

Other

1,950

1,749

Allowance for doubtful accounts

(124)

(122)

Total investments and other assets

6,302

5,745

17,826

17,453

157,011

152,975

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets-5-

(Millions of yen)
Fiscal Year Ended
March 31,2016(As of March 31, 2016)

First Half of the Fiscal YearEnding March 31,2017(As of September 30, 2016)

LIABILITIESCurrent liabilities
Accounts payable - trade

24,88628,023

Short-term loans payable

10,785

9,163

Lease obligations

124

162

Accounts payable - other

770

1,271

1,130

991

Income taxes payable

951

368

Other

419

295

39,07040,275

Lease obligations

188

483

Deferred tax liabilities

282

208

Net defined benefit liability

2,020

1,980

Asset retirement obligations

33

33

Other

53

53

2,578

2,759

41,64843,035

Capital stock

17,69017,690Capital surplus

19,114

19,114Retained earnings

82,66981,573

Treasury shares(6,119)(8,048)

Total shareholders’ equity

113,354

110,330

1,375

1,127

Deferred gains or losses on hedges

(3)

(0)

Foreign currency translation adjustment

646(1,500)Remeasurements of defined benefit plans

(9)

(16)

2,008

(390)

Total net assets

115,362

109,939

Total liabilities and net assets

157,011

152,975

Accrued expenses

Total current liabilities
Non-current liabilities

Total non-current liabilities
Total liabilities
NET ASSETS
Shareholders’ equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Total accumulated other comprehensive income-6-(2) Consolidated Quarterly Statement of Income and Consolidated Quarterly Statement of Comprehensive Income(Consolidated Quarterly Statement of Income)(Scope of Consolidation of this First Half Period)(Millions of yen)First Half of the Fiscal Year
Ended March 31, 2016

First Half of the Fiscal YearEnding March 31, 2017

(April 1, 2015 to Sept. 30, 2015)(April 1, 2016 to Sept. 30, 2016)

116,770
107,047
9,723
6,877
2,845

101,884
93,291
8,592
6,715
1,877

30
39
77
147

28
40
382
96
547

65
232
36
334
2,658

62
15
78
2,345

70
70

-

64
0
65
2,663
824
1,839
1,839

2,345
642
1,703
1,703

Net sales
Cost of Sales
Gross Profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Gain on foreign exchange
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Miscellaneous loss
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Impairment loss
Loss on valuation of golf membership
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to owners of parent-7-

(Consolidated Quarterly Statement of Comprehensive Income)(Scope of Consolidation of this First Half Period)(Millions of yen)First Half of the Fiscal Year
Ended March 31, 2016

First Half of the Fiscal YearEnding March 31, 2017

(April 1, 2015 to Sept. 30, 2015)(April 1, 2016 to Sept. 30, 2016)

1,839

1,703

(317)
(1)
(832)
(17)
(1,169)
669

(248)
3
(2,146)(7)(2,398)
(695)

669

(695)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Reassessments of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent-8-

(3) Consolidated Quarterly Statements of Cash Flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on sales of property, plant and equipment
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Decrease (increase) in accounts receivable – other
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of insurance funds
Proceeds from cancellation of insurance funds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Repayments of lease obligations
Purchase of treasury shares
Cash dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period-9-First Half of the Fiscal Year
Ended March 31, 2016

First Half of the Fiscal YearEnding March 31, 2017

(April 1, 2015 to Sept. 30, 2015)(April 1, 2016 to Sept. 30, 2016)

2,663
261
64
(4)
(14)
(70)
65
(70)
(2,691)(1,035)
1,874
94
(102)
1,036
67
(63)
(1,245)
(205)

2,345
291
27
(21)
(68)
62
(624)
(319)
3,992
(2,180)
13
3,520
66
(64)
(1,074)
2,447

(64)
164
(222)
(224)
182
(164)

(42)
62
(177)
(91)
312
62

(624)
(88)
(2)
(1,392)(2,107)(506)(2,983)55,90752,923(647)(123)(1,928)(2,791)(5,491)(1,108)(4,088)50,76846,679(4) Notes Regarding Consolidated Quarterly Financial Statements(Notes Regarding Going Concern)
None(Notes Regarding Substantial Changes in Shareholders’ Equity)
None(Segment Information)
I. For the consolidated first half of the fiscal year ended March 31, 2016
(April 1, 2015 to September 30, 2015)
Information Concerning Sales and Income or Loss Amount by Reporting Segment(Millions of yen)
Reporting Segment

Amounts shown on
consolidated quarterly
statement of income(Note 2)

Electronic
Components

Electronic
Equipment

Total

67,78033,295

15,694

116,770―

116,770

―

―

―

―

―

―

67,7801,423

33,295901

15,694735

116,770
3,061

―
(215)

116,770
2,845

Semiconductors
Net sales
Sales to external customers
Internal sales or exchange
between segments
Total
Segment income (loss)

Adjusted
amount(Note 1)

(Notes)1. The adjustment of -215 million yen to segment income represents corporate expenses that are not allocated to eachreporting segment. Corporate expenses mainly refer to general and administrative expenses not belonging to any reporting
segments.
2. Segment income has been adjusted with operating income in consolidated quarterly statement of income.

II. For the consolidated first half of the fiscal year ending March 31, 2017
(April 1, 2016 to September 30, 2016)
Information Concerning Sales and Income or Loss Amount by Reporting Segment(Millions of yen)
Reporting Segment

Amounts shown on
consolidated quarterly
statement of income(Note 2)

Electronic
Components

Electronic
Equipment

Total

58,84132,352

10,690101,884―

101,884

―

―

―

―

―

―

58,841
1,084

32,352818

10,690316

101,884
2,219

―
(342)

101,884
1,877

Semiconductors
Net sales
Sales to external customers
Internal sales or exchange
between segments
Total
Segment income (loss)

Adjusted
amount(Note 1)

(Notes)1. The adjustment of -342 million yen to segment income represents corporate expenses that are not allocated to eachreporting segment. Corporate expenses mainly refer to general and administrative expenses not belonging to any reporting
segments.
2. Segment income has been adjusted with operating income in consolidated quarterly statement of income.

- 10 -

4. Supplementary Information(1) Geographical Segment Information
Fiscal 2015, first half of the fiscal year ended March 31, 2016
(April 1, 2015 to September 30, 2015)(Millions of yen)

Japan

Asia

Other

68,88843,855

4,026

5,897

112

―

74,786
1,267

43,968
1,202

4,026
126

Eliminations
or corporate

Consolidated

116,770―

116,770

6,009(6,009)―122,780
2,596(6,009)249

116,770
2,845

Total

Net sales
Sales to external customers
Internal sales or exchange between
segments
Total
Segment income(Notes)1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: Hong Kong, Thailand, China, South Korea, etc.
Other: United States, etc.

Fiscal 2016, first half of the fiscal year ending March 31, 2017
(April 1, 2016 to September 30, 2016)(Millions of yen)

Eliminations
or corporate

Consolidated

101,884―

101,8842

5,512(5,512)

―

3,627
130

107,396
1,798(5,512)
78

101,884
1,877

Japan

Asia

Other

Total

61,01037,249

3,624

5,303

205

66,314635

37,454
1,033

Net sales
Sales to external customers
Internal sales or exchange between
segments
Total
Segment income(Notes)1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: Hong Kong, Thailand, China, South Korea, etc.
Other: United States, etc.

- 11 -

(2) Overseas sales
Fiscal 2015, first half of the fiscal year ended March 31, 2016
(April 1, 2015 to September 30, 2015)
Overseas sales
Consolidated net sales
Ratio of overseas sales to consolidated net sales (%)

Asia
44,299
―
37.9

Other
4,108
―
3.5

(Millions of yen)Total
48,408116,770
41.5(Notes)1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: China, Thailand, Hong Kong, South Korea, etc.
Other: United States, etc.
3. Overseas sales represent the total of export sales of the parent company and sales of its consolidated subsidiaries outside
Japan (excluding intra-group sales).

Fiscal 2016, first half of the fiscal year ending March 31, 2017
(April 1, 2016 to September 30, 2016)
Overseas sales
Consolidated net sales
Ratio of overseas sales to consolidated net sales (%)

Asia
36,917
―
36.2

Other
3,654
―
3.6

(Millions of yen)Total
40,572
101,84439.8(Notes)1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: China, Thailand, South Korea, Hong Kong, etc.
Other: United States and others
3. Overseas sales represent the total of export sales of the parent company and sales of its consolidated subsidiaries outside
Japan (excluding intra-group sales).

- 12 -