Summary of Business Results for the Fiscal Year Ended March 31, 2017
[Japan GAAP] (Non-consolidated)
May 11, 2017
Company
Estore Corporation
Stock Code4304
URL: http://Estore.co.jp
Representative
Kenichi Ishimura, Representative Director
C o n t a c t
Youichi Yanagida, Director
Expected date of annual shareholders’ meeting: June 23, 2017
Expected date of filing of annual securities report: June 26, 2017
Preparation of supplementary financial document: Yes
Results briefing: None

Listed on the TSE

T E L: +81-3-3595-1106
Expected starting date of dividend payment: Undecided（Rounded down to million yen ）１. Business results for the fiscal year ended March 2017
(April 1, 2016 through March 31, 2017)(1) Results of operations

Year ended Mar. 2017
Year ended Mar. 2016

Net sales
Million yen%
4,775
2.5
4,660
7.5

Operating income
Million yen%
407
-35.2
628
12.5

(% change from the previous corresponding period)
Net income
Ordinary income
Million yen%
Million yen%
401-36.1
285-32.1
628
11.9
420
27.3

Net income
per share

Diluted net income
Return on
Ratio of ordinary
Ratio of operating
income to total assets
income to net sales
per shareequity
Yen
Yen%%%
Year ended Mar. 2017
55.32
26.1
11.5
8.5
Year ended Mar. 2016
78.66
38.5
18.5
13.5
(Note) The company conducted a 2-for-1 stock split effective on March 18, 2016. Net income per share is calculated assuming thatthe stock split was conducted at the beginning of the previous fiscal year.

(2) Financial position
Total assets
As of Mar. 2017
As of Mar. 2016

Net assets

Million yen
3,492
3,505

Million yen
1,173
1,015

Shareholders’ equityratio

Net assets
per share%

33.6
29.0

Yen
227.30196.74(Reference) Shareholders’ equity:
As of March 2017:1,173 million yen
As of March 2016: 1,015 million yen(Note) The company conducted a 2-for-1 stock split effective on March 18, 2016. Net assets per share are calculated assuming that thestock split was conducted at the beginning of the previous fiscal year.

(3) Results of cash flows
Cash flows from
Cash flows from
Cash flows from
Cash and cash equivalents
operating activities
investing activities
financing activities
at the end of period
Million yen
Million yen
Million yen
Million yen
Year ended Mar. 2017465-88-449
2,312Year ended Mar. 2016
(Note) As the company prepared the consolidated financial statements in fiscal year ended March 2016, cash flow statements for thefiscal year ended March 2016 are not presented.

2. Dividends
Annual dividend

Total
Rate of total
Dividend
dividend
dividend toEnd of
End of
End ofYear-end
Total
payout ratio(Total)
net assets
1Q
2Q
3Q
Yen
Yen
Yen
Yen
Yen
Million yen%%
Year ended Mar. 2016
0.00
24.00
24.00
123
30.5
-11.3
Year ended Mar. 2017
0.00
(Notes) 1. Dividend forecast for the fiscal year ended March 2017 has not yet been determined at the time this financial summary wasdisclosed. An announcement will be made as soon as it has been determined.
2. Dividend forecast for the fiscal year ending March 2018 is undecided.

－1 －3．Forecast of business results for the year ending March 2018
(April 1, 2017 through March 31, 2018)
Net sales
Million yen(% change from the previous corresponding period)
Operating income%

Million yen

Ordinary income%Million yen

Net income%Million yen

Year ending Mar. 2018
4,990
4.5403-1.0397-1.1274(Note) The company tracks business results on an annual basis and therefore only discloses full-year business forecasts.

* Notes(1) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: Yes: None: None: None(2) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of March 201710,327,200 shares
As of March 2016
10,327,200 shares② Treasury stock at the end of period:
As of March 2017
5,165,902 shares
As of March 2016
5,165,854 shares③ Average number of stock during period
Year ended March 2017
5,161,300 sharesYear ended March 2016
5,347,963 shares(Note) The company conducted a 2-for-1 stock split effective on March 18, 2016. The number of shares is calculated assuming that the stock
split was conducted at the beginning of the previous fiscal year.

*Financial summary is not subject to auditing procedures*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the company
and certain assumptions that the company deems to be reasonable at the time this report was prepared. The company
does not make promises about the achievements. Actual results may differ significantly from the forecasts due tovarious factors.

－2 －%-3.8