Notice: This document is an excerpt translation of the original Japanese document and is only for reference
purposes. In the event of any discrepancy between this translated document and the original Japanese
document, the latter shall prevail.

Consolidated Financial Results for the Third Quarter of the Fiscal Year EndedMarch 31,2017[Based on Japanese GAAP]
February 7, 2017
(ListedonTokyo
Stock Exchange)
DaikyoNishikawa Corporation
4246
URL http://www.daikyonishikawa.co.jp/en/
Nariaki Uchida, Representative Director and President
Hiroshi Kawasaki, Executive Officer,
Corporate Planning and Management Division Manager
Tel. 082-885-9979
Scheduled date to file quarterly securities report: February 8, 2017
Scheduled date to commence dividend payments: Preparation of supplementary materials on quarterly financial results: NoneHolding of quarterly results meeting: NoneCompany NameSecurities Code
RepresentativeInquiries(Amounts less than one million yen are rounded off)
1. Consolidated results for the 3rd quarter ended Dec. 31, 2016(from Apr 1, 2016 to Dec 31, 2016)(1) Consolidated operating results(Percentages indicate year-on-year changes)

Net sales
Nine-month period ended

Operating income%

millions of yen

millions of yen

Ordinary income%millions of yen

Profit attributable toowners of the parent
millions of yen%%Dec. 31, 2016
114,161-4.8
11,618 -14.4
11,156 -11.8
8,190
-6.1
Dec. 31, 2015
119,960
28.8
13,56798.9
12,64982.2
8,719 100.0
Note: Comprehensive income For nine-month period ended December 31, 2016
6,086 million yen ( -16.5%)
For nine-month period ended December 31, 2015
7,288 million yen ( 55.1%)
Net incomeper share
Nine-month period ended

Diluted net income
per shareyenyen

Dec. 31, 2016110.83110.82
Dec. 31, 2015
120.48－Note:DaikyoNishikawa Corporation (hereafter, the ''Company'') conducted a stock split at a ratio of 1:4 ofcommon stock on January 1, 2016. Net income per share has been calculated on the basis that the stock
split had been effective at the beginning of the year ended March 31, 2016.
(2) Consolidated financial position
Total assets

Shareholders'equity ratio

Net assets

millions of yen%millions of yen

As of Dec. 31, 2016
119,41157,955
47.4
As of Mar. 31, 2016
123,568
54,047
42.6
Reference:Shareholders' equity(Net assets excluding share subscription rights and non-controlling interests)
As of December 31, 2016 56,630 million yen
As of March 31, 2016 52,641 million yen
2. Dividends
Annual dividends per shareFirst
quarter-end

Secondquarter-end

Thirdquarter-end

Fiscalyear-end

Fiscal year ended

yenyenyen

yenyenMar. 31, 2016
Mar. 31, 2017

－－

37.00
12.00

－－

19.00

－

Total

Fiscal year ending
Mar. 31, 2017 (Forecasts)

12.00
24.00
Note: Revision of the dividend forecast most recently announced: NoneNote: The Company conducted a stock split at a ratio of 1:4 of common stock on January 1, 2016. For thesecond quarter-end in the fiscal year ended March 31, 2016, the actual amount of devidends before
the said stock split was conducted is presented.
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2017
(Percentages indicate year-on-year changes)
Profit attributable to Net income
Net sales
Operating income Ordinary income owners of the parent
per share
millions of yen

Fiscal year ending
Mar. 31, 2017%

millions of yen%millions of yen%152,000 -5.5
14,200 -17.6
13,600 -17.3
Note: Revision of the earnings forecasts most recently announced: None

millions of yen%

yen

9,800-15.3

132.62

* Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2016

: None(changes in specified subsidiaries resulting in the change in scope of consolidation)(2) Application of specific accounting methods for preparing quarterly consolidated financial
statements: Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period
financial statements
1) Changes in accounting policies due to revisions to accounting standards and otherregulations: Yes2) Changes in accounting policies due to other reasons: None3) Changes in accounting estimates: None4) Restatement of prior period financial statements: None(4) Number of shares outstanding (Common shares)
1) Total number of shares outstanding including treasury stocks

As of Dec. 31, 2016

73,896,400shares

As of Mar. 31, 2016

73,896,400shares

As of Dec. 31, 2016

521shares

As of Mar. 31, 2016465shares

Nine-month period ended Dec. 31, 2016

73,895,929shares

Nine-month period ended Dec. 31, 2015

72,376,077shares

2) Number of treasury stocks

3) Average number of shares during the period

Note:The Company conducted a stock split at a ratio of 1:4 of common stock on January 1, 2016. Number ofshares outstanding has been calculated on the basis that the stock split had been effective at thebeginning of the year ended March 31, 2016.
* Indication regarding execution of quarterly review proceduresThis financial results report is exempt from quarterly review procedures under the Financial Instrumentsand Exchange Act, although the review procedures for quarterly consolidated financial statements havebeen completed at the time of disclosure of this report.
* Proper use of earnings forecasts, and other special matters
The earnings forecasts and other descriptions of the future presented in this report are based on
information currently available to the Company and on certain assumptions deemed to be reasonable. Actual
results may differ substantially due to various factors.