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

Consolidated Financial Results for the Fiscal Year Ended March 31, 2018 [Japanese GAAP]May 10, 2018
(Listed on Tokyo Stock Exchange)
4246
URL http://www.daikyonishikawa.co.jp/en/
Nariaki Uchida, Representative Director and President
Motoharu Nishikimura, Director and Senior Managing Executive Officer andCorporate Planning and Management Division Manager
Tel. 082-885-9979
Scheduled date of annual general meeting of shareholders: June 22, 2018
Scheduled date to commence dividend payments: June 25, 2018
Scheduled date to file securities report: June 22, 2018
Preparation of supplementary materials on financial results: NoneHolding of annual results meeting: Yes(for investment analysts and institutional investors)(Amounts less than one million yen are rounded off)
1. Consolidated results for the fiscal year ended March 31, 2018
(1) Consolidated operating results(Percentages indicate year-on-year changes)
Company NameSecurities CodeRepresentativeInquiries

DaikyoNishikawa Corporation

Net Sales

Operating income

Fiscal year ended millions of yen% millions of yen

Ordinary income% millions of yen

Profit attributable toowners of the parent% millions of yen%

March 31, 2018
171,967
10.5
18,052
25.6
18,74235.2
12,464
23.5
March 31, 2017
155,643-3.2
14,376-16.6
13,865-15.7
10,096-12.8
Note: Comprehensive income
For the fiscal year ended March 31, 2018 : 15,267 million yen ( 68.1%)
For the fiscal year ended March 31, 2017 :9,080 million yen ( -7.7%)
Net income
per share
Fiscal year ended

Net income/Diluted net
Ordinary income/ Operating income
income per share shareholders' equity
total assets/ net sales%%March 31, 2018175.94175.87
20.4
14.4
March 31, 2017137.50137.4818.7
11.4
Reference : Share of profit (loss) of investments accounted for using equity method
For the fiscal year ended March 31, 2018 :For the fiscal year ended March 31, 2017 :

yen

yen%

10.5
9.2
390 million yen
140 million yen(2) Consolidated financial position
Total assets
As ofShareholders'equity ratioNet assets

millions of yen

millions of yen

Net assets
per share%yen

March 31, 2018
139,235
March 31, 2017
120,381
Reference:Shareholders' Equity

69,71948.4
950.7656,53045.8
777.54As of March 31, 2018:
67,359 million yen
As of March 31, 2017:55,085 million yen
Note:For the year ended on March 31, 2018, DaikyoNishikawa Corporation (hereafter, the “Company” ) has
implemented the early adoption of ASBJ Statement No.28, “Partial Amendments of Standards for Tax
Effect Accounting” issued on February 16, 2018. Therefore, the figures as of March 2017 have beenretroactively adjusted.
(3) Consolidated cash flows
Cash and cash
Cash flows from
Cash flows from
Cash flows fromequivalents at theoperating activities investing activities financing activities
end of period
Fiscal year ended

millions of yen

millions of yen

millions of yen

millions of yen

March 31, 2018
March 31, 201724,742
17,628(13,547)(9,267)(6,443)(11,196)

38,57433,664

2. Dividends
Cash dividends per shareFirstSecond
Third
quarter-end quarter-end quarter-end
Fiscal year ended

March 31, 2017
March 31, 2018Year ending March31,2019(Forecasts)

Fiscalyear-end

Total

Total cash
dividends

Dividend
Ratio ofpayoutdividends to
net asset
ratio(Consolidated)(Consolidated)yenyenyenyenyen

millions of yen

%%

－－

12.00
16.00

－－

16.00
18.00

28.00
34.00

2,020
2,408

20.4
19.3

3.8
3.9

－

17.00

－

17.00

34.00

23.4

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2019
(Percentages indicate year-on-year changes)
Net sales
Apr.1-Sep.30,2018
Year ending
March 31, 2019

Operating income Ordinary income

Net income
per share

Profit attributable toowners of the parent

millions of yen%millions of yen%millions of yen%millions of yen%

yen

85,000173,000

4.5
0.6

6,800
14,800

-19.1
-18.0

6,800
14,700

-23.5
-21.6

4,800
10,300

-21.1
-17.4

67.75
145.38* Note(1) Changes in significant subsidiaries during the period(changes in specified subsidiaries resulting in the change in scope of consolidation)： None(2) 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： Nonestandards and other regulations
2) Changes in accounting policies due to other reasons： None3) Changes in accounting estimates： None4) Restatement of prior period financial statements： None(3) Number of shares outstanding (Common shares)
1) Total number of shares outstanding including treasury stocks

As of March 31, 2018

73,896,400 shares

As of March 31, 2017

73,896,400 shares

As of March 31, 2018

3,048,638 shares

As of March 31, 2017
Fiscal year ended March 31, 201870,847,435 sharesFiscal year ended March 31, 2017

73,426,702 shares

2) Number of treasury stocks
3) Average number of shares during the period

3,050,421 shares(Reference) Summary of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2018
(1) Non-consolidated operating results(Percentages indicate year-on-year changes)
Net sales
Fiscal year ended millions of yen

March 31, 2018
March 31, 2017

Operating income% millions of yen

136,006
124,288

9.4
2.2

Net income
per share

Ordinary income% millions of yen

11,22910,710

4.8-18.7

11,897
10,948Net income% millions of yen

8.7
-19.1

%

8,348
7,987

4.5
-13.3

Diluted net
income per share

Fiscal year ended

yenyenMarch 31, 2018
March 31, 2017117.83108.78117.79108.77(2) Non-consolidated financial position
Total assets
As ofmillions of yen

March 31, 2018109,912
March 31, 2017
97,208Reference: Shareholders' equity

Shareholders'equity ratio

Net assets
millions ofyen

54,951
48,938
As of March 31, 2018:
As of March 31, 2017:* This financial results report is not subject to audit

Net assets
per share%

50.0
50.3
54,910 million yen
48,921 million yen

yen

775.05690.53by CPA or audit firm.

* 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.