Summary of Business Results for the Second Quarter Ended September 30, 2016
[Japan GAAP] (Non-consolidated)
November 10, 2016
CompanyEstore Corporation
Stock Code4304
URL: http://Estore.jp
Representative
Kenichi Ishimura, Representative Director
Contact
Youichi Yanagida, Director
Expected date of filing of quarterly report: November 11, 2016
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: None

Listed on the TSE

T E L: +81-3-3595-1106（Rounded down to million yen）

１. Business results for the six months ended September 2016 (April 1, 2016 through September 30, 2016)(1) Results of operations

Six months ended Sep. 2016
Six months ended Sep. 2015

Net sales
Million yen
2,310-%-Net incomeper share
Yen
Six months ended Sep. 2016
Six months ended Sep. 2015

27.67
-

(% change from the previous corresponding period)
Net income
Operating income
Ordinary income
Million yen% Million yen% Million yen%214208142
Diluted net income pershare
Yen-(Note) The figures for the year-ago quarter and the percentage changes from year-ago quarter for the nine months ended Sep. 2016 are not presented,
because the Company only disclosed the consolidated quarterly financial statements and did not disclosed the non-consolidated quarterly
financial statements for the fiscal year ending March 2017.

(2) Financial position
Total assets
Million yen
As of Sep. 2016
As of Mar. 2016

Shareholders’ equity
ratio

Net assets
Million yen

3,086
3,505%

1,029
1,015

33.4
29.0

(Reference) Shareholders’ equity:
As of September 2016: 1,029 million yen
As of March 2016: 1,015 million yen

2. Dividends
End of 1Q

End of 2Q
YenYear ended Mar. 2016
Year ending Mar. 2017

-Yen
0.00
0.00

Annual dividend
End of 3Q
Yen-Year-end

TotalYen

24.00

Yen
24.00

(Notes) 1. In the Articles of Incorporation, the Company sets its record dates for the distribution of dividends at the end of 2nd quarter and at the endof year, but at present, the estimated amount of year-end dividends have not yet been determined.
2. Dividend forecast for the fiscal year ending March 2017 has not yet been determined.

3．Forecast of business results for the fiscal year ending March 2017
(April 1, 2016 through March 31, 2017)
Net salesYear ending Mar. 2017

Million yen
5,032(% change from the previous corresponding period)

Operating income%
8.0

Million yen
331

%
-47.3

Ordinary income
Million yen
331

%
-47.3

Net income
Million yen
229(Note) Revisions to business forecast for the current quarter: None
Only full year business forecasts are presented because the company conducts annual performance management.

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-45.6

※Notes(1) Applications of accounting procedures specific to preparation of the quarterly financial statements: None
(2) 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

(3) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of September 2016
10,327,200 shares
As of March 2016
10,327,200 shares②Treasury stock at the end of period
As of September 2016
5,165,902 shares
As of March 2016
5,165,854 shares③Average number of shares during period (quarterly cumulative period)
Six months ended September 2016
5,161,303 shares
Six months ended September 2015
5,537,465 shares(Note) The Company conducted a 2-for-1 stock split effective on March 18, 2016. Therefore, number of shares outstanding
calculated assuming that the stock split was conducted at the beginning of the previous fiscal year.

was*Implementation status of quarterly review proceduresThis financial summary is not subject to the quarterly review procedures pursuant to the Financial Instruments andExchange Act. At the time of disclosure of this report, the procedures for review of quarterly financial statements
pursuant to the Financial Instruments and Exchange Act have been completed.
* 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.

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