Consolidated Financial Results
for the First Quarter Ended June 30, 2013 [ Japan GAAP ]August 5, 2013

The Sumitomo Warehouse Co., Ltd.
Securities code:

9303

Stock exchange listings:

TokyoURL:

http://www.sumitomo-soko.co.jp/

Representative :Shoichi Abbe, President

Inquiries:

Akio Kakutani, General Manager,
Finance & Accounting DepartmentTel:+81 6 6581 1183

Quarterly statement filing date (as planned):

August 8, 2013

Dividend payable date (as planned):－

Supplemental material of quarterly results:

NoneConvening briefing of quarterly results:

None１．Consolidated financial results for the first quarter ended June 30, 2013 (April 1, 2013- June 30, 2013)
Figures are rounded down to the nearest million yen, except per share figures.
(1) Consolidated operating results
Operating revenue
Millions of yen(％: change from the previous year)

Operating income％

Millions of yen

Ordinary income％

Net income

Millions of yen％

Millions of yen％

Three months ended June 30, 2013

39,367

1.3

2,333

(5.3)

3,111

2.3

1,993

10.2

Three months ended June 30, 2012

38,85014.2

2,464(3.0)

3,042(3.2)

1,808(3.9)

Note: Comprehensive income:Three months ended June 30, 2013: 6,741 million yen；（928.8）%
Three months ended June 30, 2012: 655 million yen；（-69.0）%
Net income per share
Yen

Diluted net income
per share
Yen

Three months ended June 30, 2013

11.17

11.16

Three months ended June 30, 2012

10.14

10.14

(2) Consolidated financial positions
Capital adequacy ratio

Total assets

Net assets

Millions of yen

Millions of yen％

As of June 30, 2013

270,351

146,052

51.5

As of March 31, 2013

263,931140,29750.7

Note: Owner’s equity
As of June 30, 2013: 139,344 million yen
As of March 31, 2013: 133,743million yen

2．Dividends
Dividend per shareFirst quarter
Yen
Year ended March 31, 2013－

Year ending March 31, 2014－

Second quarter
Yen
5.50

Third quarter
Yen－

Fiscal year end
Yen

TotalYen

5.50

11.00

5.50

11.00

－

Year ending March 31, 2014
5.50－
(Forecast)
Note: Correction of dividend forecast from the most recent dividend forecast: None- 1-

3. Consolidated forecasts for the year ending March 31, 2014 (April 1, 2013-March 31, 2014)
Operating revenue
Millions of yen％

Operating income％Millions of yenOrdinary income％Millions of yen(%: change from the previous year)
Net income
Net income
per share
Millions of yen％

Yen

Six months

79,0002.8

4,900（3.2）

5,500（0.8）

3,200

0.3

17.94

Full year

159,000

1.6

9,900（3.0）

10,900（2.3）

6,500

4.5

36.45

Note: Correction of financial forecast from the most recent financial forecast: None

4. Other(1) Material changes in subsidiaries during this period (Changes in scope of consolidations resulting from change in subsidiaries): None(2) Applying of specific accounting of the consolidated quarterly financial statements: Yes(3) Changes in accounting policies, accounting estimates and retrospective restatement
1) Changes in accounting policies based on revisions of accounting standard: None
2) Changes in accounting policies other than ones based on revisions of accounting standard: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Number of issued and outstanding shares (common stock)
Number of issued and outstanding shares (including treasury stock) :As of June 30, 2013 : 195,936,231 shares
As of March 31, 2013 : 195,936,231 sharesNumber of treasury stock:
As of June 30, 2013: 17,465,715 shares
As of March 31, 2013 : 17,516,981 shares
Average number of shares :First quarter ended June 30, 2013 : 178,453,557 sharesFirst quarter ended June 30, 2012 : 178,321,126 shares* Status of quarterly reviewing processes
This quarterly financial results are exempt from quarterly reviewing processes based on the Financial Instruments and Exchange Act,and reviewing processes of quarterly financial statements based on the Financial Instruments and Exchange Act has not been completed at
the time of disclosure of this quarterly financial results.
* Explanation for the proper use of forecasts and other special instructions
The forecasts are based on information currently available and certain assumptions judged to be reasonable. The Company’s actual
results may differ materially from the forecasts as a result of numerous factors outside of Company’s control.

- 2-Consolidated Financial Results(1) Consolidated quarterly balance sheets(Millions of yen)
As of March 31, 2013

As of June 30, 2013

Cash and deposits

23,17523,004

Notes and accounts receivable-trade

17,692

18,195

Real estate for sale80

80Work in process

2931

Deferred tax assets

1,061

850

Other

3,706

3,945

Allowance for doubtful accounts

(119)

(133)

45,62745,975

Buildings and structures, net

60,65960,318

Machinery, equipment and vehicles, net

2,906

3,085

Vessels, net

8,795

8,673

977

976

Land

46,15946,571

Construction in progress

2,148

2,378

279

294

121,926

122,297

Goodwill

3,602

3,772

Leasehold right

4,858

4,905

Software

1,717

1,584

Other

599

608

10,777

10,871

76,25881,658385

426

Deferred tax assets

2,333

2,493

Other

6,983

7,052Allowance for doubtful accounts

(360)

(423)

Total investments and other assets

85,60091,207

218,304

224,375

263,931270,351

AssetsCurrent assets

Total current assets
Noncurrent assets
Property, plant and equipment

Tools, furniture and fixtures, net

Other, net
Total property, plant and equipment
Intangible assets

Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable

Total noncurrent assets
Total assets- 3-

(Millions of yen)
As of March 31, 2013

As of June 30, 2013

11,047

11,243Current portion of bonds

100

100

Short-term loans payable

25,444

15,764

Income taxes payable

1,933

998

Provision for bonuses

1,441

1,070

Other

6,037

12,056

Total current liabilities

46,004

41,234400

350

Long-term loans payable

42,11952,287

Deferred tax liabilities

18,971

20,633

Provision for retirement benefits

2,604

2,661

125

113

Long-term deposits received

12,295

5,998

Other

1,111

1,019

Total noncurrent liabilities

77,62983,064

123,634

124,299

Capital stock

21,822

21,822

Capital surplus

19,175

19,175Retained earnings

74,71075,723

Treasury stock(9,103)(9,076)

Total shareholders' equity

106,606

107,645

27,58730,644

(451)

1,054

27,136

31,69888

83

Minority interests

6,465

6,624

Total net assets

140,297

146,052

263,931270,351

Liabilities
Current liabilities
Notes and accounts payable-trade

Noncurrent liabilities
Bonds payable

Provision for directors' retirement benefits

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares

Total liabilities and net assets- 4-(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive income(Consolidated quarterly statements of income)(Millions of yen)Three months ended
June 30, 2012

Three months ended
June 30, 2013

Warehouse income

5,543

5,616

Harbor transportation income

9,180

8,820

International transportation income

6,483

7,337

Land transportation income

6,928

6,740

Shipping income

5,733

5,828

Rent income of warehouse and logistics facilities

1,244

1,296

Rent income of real estate

2,317

2,256

Other

1,418

1,471

Total operating revenue

38,85039,367

Cost of sales

23,92023,999Personal expenses

4,327

4,557

Rent expenses

2,395

2,324

Operating revenue

Operating cost

Taxes and dues

495

472

Depreciation

1,435

1,464

Other

1,678

1,830

Total operating cost

34,25334,648Operating gross profit

4,596

4,719

1,089

1,177

Provision for bonuses

162

161

Retirement benefit expenses

57

54

Amortization of goodwill

98

107

Other

724

884

2,131

2,385

2,464

2,333

713

775

Selling, general and administrative expenses
Salaries and allowances and welfare expenses

Total selling, general and administrative expenses
Operating income
Non-operating income
Interest and dividends income
Equity in earnings of affiliates

1338

Other

102

185

Total non-operating income

828

998

Interest expenses

179

166

Other

71

55

Total non-operating expenses

251

221

3,042

3,111

Non-operating expenses

Ordinary income- 5-

(Millions of yen)Three months ended
June 30, 2012

Three months ended
June 30, 2013

Gain on sales of noncurrent assets

11－

Total extraordinary income

11－

Loss on retirement of noncurrent assets

48

13

Loss on valuation of investment securities

106－

Extraordinary income

Extraordinary loss

Total extraordinary losses

155

13

2,898

3,098

Income taxes-current

757

865

Income taxes-deferred

271

179

Total income taxes

1,028

1,045

Income before minority interests

1,870

2,053

61

59

1,808

1,993

Income before income taxes and minority interests

Minority interests in income
Net income- 6-

(Consolidated quarterly statements of comprehensive income)(Millions of yen)Three months ended
June 30, 2012

Three months ended
June 30, 20131,870

2,053

Valuation difference on available-for-sale securities(2,350)3,062

Foreign currency translation adjustment

1,095

1,517

Income before minority interests
Other comprehensive income

Share of other comprehensive income of associates
accounted for using equity method

39108(1,215)

4,688

655

6,741

Comprehensive income attributable to owners of the parent

524

6,555

Comprehensive income attributable to minority interests

130185

Total other comprehensive income
Comprehensive income
Comprehensive income attributable to- 7-(3) Consolidated quarterly statements of cash flows(Millions of yen)Three months ended
June 30, 2012

Three months ended
June 30, 2013

Income before income taxes and minority interests

2,898

3,098

Depreciation and amortization

1,622

1,676

98

107

Increase (decrease) in provision

(451)

(253)

Interest and dividends income(713)(775)

Interest expenses

179

166

Equity in (earnings) losses of affiliates

(13)

(38)

Loss (gain) on sales of noncurrent assets

(11)

－

Loss on retirement of noncurrent assets

48

13

Loss (gain) on valuation of investment securities

106－

Decrease (increase) in notes and accounts receivable-trade51(319)

Increase (decrease) in notes and accounts payable-trade

(291)

(76)

Other, net

534

57

Subtotal

Net cash provided by (used in) operating activities

Amortization of goodwill

4,060

3,655

Interest and dividends income received

719

777

Interest expenses paid

(299)

(259)

Income taxes paid

(1,965)(1,771)

Net cash provided by (used in) operating activities

2,514

2,402

Payments into time deposits(620)(8,205)

Proceeds from withdrawal of time deposits

6,229

5,165

Purchase of property, plant and equipment(6,716)(1,931)

147

Purchase of intangible assets

(340)

(293)

Purchase of investment securities

(19)

(505)

Net cash provided by (used in) investing activities

Proceeds from sales of property, plant and equipment

Payments of loans receivable

(47)

(48)

Collection of loans receivable

220

11

Other, net

(741)

(34)

(2,020)(5,834)

Increase in short-term loans payable

3,062

4,879

Decrease in short-term loans payable(2,849)(2,621)

Proceeds from long-term loans payable

12,24015,750

Repayment of long-term loans payable(20,410)(17,518)

Cash dividends paid

(1,011)

(927)

(31)

(103)

(9,000)(542)

Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Other, net
Net cash provided by (used in) financing activities

530

724

Net increase (decrease) in cash and cash equivalents

Effect of exchange rate change on cash and cash equivalents(7,977)(3,250)Cash and cash equivalents at beginning of period

22,703

16,492

Cash and cash equivalents at end of period

14,726

13,242- 8-(4) Segment information
Information related to operating revenue and income (loss) by reportable segment
Three months ended June 30, 2012
Reportable segment
Adjustment(Note 1)

(Millions of yen)Amount inconsolidated
quarterlystatements ofincome(Note 2)

Logistics

Shipping

Real estate

Total

30,761

5,733

2,355

38,850－38,850119

46100

267(267)－

Total

30,880

5,780

2,456

39,117(267)38,850

Segment income

2,037(40)1,389

3,386(921)2,464Operating revenue
Operating revenue to outside customers
Intersegment transfers

Notes: 1. Adjustment in segment income of ¥ -921 million includes company-wide expenses of ¥ -970 million, which are not allocated to
the respective reportable segments. Company-wide expenses consist mainly of the expenses not assignable to neither of thereportable segments for administrative departments of the Company and some of its consolidated subsidiaries.
2. Segment income is adjusted to coincide with operating income as recorded on the consolidated quarterly statements of income.

Three months ended June 30, 2013
Reportable segment
Adjustment(Note 1)

(Millions of yen)Amount inconsolidated
quarterlystatements ofincome(Note 2)

LogisticsShippingReal estate

Total

31,252

5,828

2,286

39,367－39,3671116397272(272)

－

Total

31,364

5,891

2,384

39,640(272)39,367

Segment income

2,033(10)1,347

3,370(1,036)

2,333

Operating revenue
Operating revenue to outside customers
Intersegment transfers

Notes: 1. Adjustment in segment income of ¥ -1,036 million includes company-wide expenses of ¥ -1,007 million, which are not allocatedto the respective reportable segments. Company-wide expenses consist mainly of the expenses not assignable to neither of thereportable segments for administrative departments of the Company and some of its consolidated subsidiaries.
2. Segment income is adjusted to coincide with operating income as recorded on the consolidated quarterly statements of income.

- 9-