Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016
<Under Japanese GAAP>
November 4, 2015
These financial statements have been prepared for reference only in accordance with accounting principles and practices generally accepted in Japan.

NAGASE & CO., LTD.
Stock exchange listing: Tokyo (First Section)
Code number:8012
URL (http: //www.nagase.co.jp/english/)Representative:
Kenji Asakura, Representative Director and President
Contact:
Akira Takami, General Manager, Accounting Division
TEL: +81-3-3665-3103
Filing of quarterly report (scheduled): November 9, 2015
Start of distribution of dividends (scheduled): December 7, 2015
Supplementary documents of quarterly financial results: Yes
Quarterly investors' meeting: Yes (for analysts and institutional investors)(Note: Amounts have been rounded down to the nearest million yen.)

1. Consolidated Results for the Second Quarter of the Fiscal Year Ending March 31, 2016
(April 1, 2015 to September 30, 2015)(Percentages represent changes compared with same period of the previous fiscal year.)(1) Consolidated Operating Results
Net sales
For the second quarter ended
September 30, 2015
September 30, 2014

Operating income

Profit attributable toowners of the parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

376,064
372,782

0.9
4.1

10,034
7,959

26.1
(8.4)

10,188
9,103

11.9
(7.6)

6,502
6,664

(2.4)
(7.6)

(Notes) Comprehensive income

Second quarter ended September 30, 2015:(¥3,743) million (−%)

Second quarter ended September 30, 2014:¥17,592 million (15.1%)

Earnings per share
For the second quarter ended
September 30, 2015
September 30, 2014

Yen
51.19
52.46

Earnings per share (diluted)
Yen−−(2) Consolidated Financial Position
Total assets

Net assets

Shareholders’equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

September 30, 2015
March 31, 2015

532,161546,525

281,423
287,500

51.8
51.5

2,169.88
2,215.18(Reference) Equity capital

As of September 30, 2015: ¥275,642 million
As of March 31, 2015: ¥281,398 million

2. Dividends
1Q
For the year ended (or ending)
Yen
March 2015−
March 2016−
March 2016 (estimate)(Note) Revisions to the latest projected dividends: No

2Q

Annual Dividends per Share
3Q
Fiscal year end

Annual

Yen

Yen

Yen

Yen

15.00
16.00

−

15.00

30.00

−

16.00

32.00

3. Projected Consolidated Results for the Fiscal Year Ending March 31, 2016
(April 1, 2015 to March 31, 2016)(Percentages represent changes compared with the corresponding periods of the previous fiscal year.)Net sales
Millions of yen

Full fiscal year

823,000

Operating income

Profit attributable toowners of the parent

Ordinary income

Earnings per
share% Millions of yen% Millions of yen% Millions of yen

%

Yen

8.3

7.4

1.1

6.9

95.25

19,50020,60012,100(Note) Revisions to the latest projected consolidated results: No* Notes(1) Changes in major subsidiaries during the period (changes in specified subsidiaries accompanying changes in thescope of consolidation): No
New: ― (Company name:)
Excluded: ― (Company name:)(2) Application of special accounting methods to the preparation of quarterly financial statements: No(3) Changes of accounting principles, changes in accounting estimates, and restatement of prior period financial
statements after error correctionsi.
Changes in accordance with revisions to accounting and other standards: No
ii. Changes in items other than (i) above: Noiii. Changes in accounting estimates: No
iv. Restatement of prior period financial statements after error corrections: No(4) Number of shares issued and outstanding (common stock)i.
Number of shares issued and outstanding as of the fiscal period end (including treasury stock)
September 30, 2015
127,408,285 shares March 31, 2015
127,408,285 shares
ii.

iii.

Number of treasury stock as of the fiscal period end
September 30, 2015
376,910 shares

March 31, 2015

Average number of shares during the period
September 30, 2015
127,031,664 shares

September 30, 2014

376,363 shares

127,032,535 shares* Quarterly Review Implementation DisclosureThis quarterly report is exempt from the quarterly review procedure based upon the Financial Instruments and ExchangeAct. Furthermore, quarterly consolidated financial statements were undergoing the review procedure process at the timeof release.
* Cautionary Statement with Respect to Forecasts of Consolidated Business Results
The earnings forecasts presented in this document are based upon currently available information and assumptions
deemed rational. A variety of factors could cause actual results to differ materially from forecasts.
Please refer to “1. Qualitative Information (3) Qualitative Information related to Earnings Forecasts” on page 4 of thisdocument.

NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

Attachments
1. Qualitative Information

2(1) Business Performance2(2) Financial Position

3(3) Qualitative Information related to Earnings Forecasts

4

2. Summary Information (Notes)

4(1) Changes in significant subsidiaries during the period

4(2) Application of Special Accounting Methods to the Preparation of Quarterly Financial Statements

4(3)Changes in accounting policies, estimates and restatements

4(4) Additional Information

4

3. Quarterly Consolidated Financial Statements

6(1) Quarterly Consolidated Balance Sheets

6(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income

8(Quarterly Consolidated Statements of Income)Cumulative Second Quarter

8(Quarterly Consolidated Statements of Comprehensive Income)Cumulative Second Quarter9(3) Quarterly Consolidated Statements of Cash Flows

10(4) Notes related to Quarterly Consolidated Financial Statements

11(Assumption for Going Concern)

11(Segment Information, etc.)

11(Significant Fluctuations in Shareholders’ Equity)(Significant Subsequent Events)

11
CONFIDEN TIAL

4. Supplementary Information

1112(1) Overseas Sales

12

- 1 -

NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

1 Qualitative Information(1) Business Performancea. General Summary of Results
The Japanese economy showed improved corporate earnings and a gradual recovery in consumer spending during the second
quarter of the consolidated fiscal year. However, we have noted weakness in export growth owing in part to the recent
deceleration in the economy of China. Further, despite an ongoing recovery in the U.S. economy, the economies of China andother Asian nations are experiencing a greater degree of deceleration, clouding the overall future direction of the economy.
In this environment, the Company recorded domestic sales of ¥178.79 billion (3.6% decrease year on year). Overseas sales
amounted to ¥197.27 billion (5.3% increase). In total, the Company recorded net sales of ¥376.06 billion for the cumulative
consolidated first quarter of the current year, representing a 0.9% increase year on year.
Net sales growth at overseas subsidiaries helped spur profit growth, with the Company recording a gross profit of ¥46.42
billion (4.4% increase). Operating income amounted to ¥10.03 billion (26.1% increase), with ordinary income of ¥10.18 billion(11.9% increase). These profit results were impacted in part by the recording of an allowance for doubtful accounts at theCompany's Taiwanese subsidiary during the prior fiscal year. Profit attributable to owners of the parent for the cumulative
consolidated second quarter amounted to ¥6.5 billion (2.4% decrease). This decline was mainly due to higher tax expenses.

b. Segment Summary
Functional Materials
The Functional Materials segment reported lower overall net sales compared to the same period in the prior fiscal year. Growthoverseas as a whole, particularly in the Americas and China, could not outpace the decline in domestic revenues for the period.
The performance chemicals business recorded lower overall net sales compared to the same period in the prior fiscal year.
While sales grew in China and the Americas, domestic weakness in automotive production volume and new housing starts
resulted in lower sales of coating raw materials and urethane materials.
The speciality chemicals business reported lower overall net sales compared to the same period in the prior fiscal year. While
plastic additives, semiconductor-related products, and other electronics industry-related chemicals sales were strong, sales ofprocessing oils and other products were comparatively sluggish.
As a result, the segment recorded cumulative consolidated second quarter net sales of ¥79.2 billion, representing a ¥4.61 billion(5.5%) decrease year on year. Operating income for the segment was ¥2.09 billion, representing a ¥50 million (2.7%) increase
year on year. This improvement was mainly due to higher revenues and profit ratios in our overseas businesses.

Advanced Materials & Processing
The Advanced Materials & Processing segment reported higher overall net sales for the period, driven by higher performancein Northeastern Asia and Southeastern Asia, with slight revenue gains in Europe and the United States. Sales for Japan fellslightly compared to the same period in the prior fiscal year.
The colors and imaging business recorded higher revenues as a whole year on year. Despite lower sales of materials for LCD
TV reflectors and conductive materials, the Company experienced revenue gains for dyes and additives, information printing
materials, anti-reflective optical sheets, and plastic materials.
The segment’s business selling plastics and other products to the office equipment and appliance markets reported higher net
sales year on year as a whole. This result stems mainly from gains in Northeast Asia and Southeast Asia, despite lower
performance domestically.
As a result, net sales for the Advanced Materials & Processing segment for the cumulative consolidated second quarteramounted to ¥133.38 billion, which was a ¥9.37 billion (7.6%) increase year on year. Operating income increased ¥350 million(16.1%), reaching ¥2.58 billion for the period.
- 2 -NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

Electronics
The Electronics segment reported lower overall revenues compared to the same period in the prior fiscal year. While revenues
grew in Europe and the United States, these gains could not compensate for lower revenues in Japan and Northeastern Asia.
The electronic chemicals business delivered gains as a whole, despite lower revenues for chemicals used in LCD panel
manufacturing. Sales of epoxy resin-related products rose year on year, contributing to revenue gains.
The electronic materials business reported lower sales overall, mainly due to a decline in revenues for liquid crystal-related
products.
As a result, the segment recorded cumulative consolidated second quarter net sales of ¥65.3 billion, representing a ¥10.36
billion (13.7%) decrease year on year. Operating income amounted to ¥3.72 billion for the period, ¥1.38 billion (59.3%) higher
year on year. This result was mainly due to the impact of the Company's Taiwanese subsidiary recording an allowance for
doubtful accounts during the prior fiscal year.

Automotive & Energy
The Automotive & Energy segment recorded overall net sales gains compared to the same period in the prior fiscal year. While
sales in Japan were weak due to lower automobile production, the markets in the Americas, China, and Southeast Asia werestrong.
As a result, segment net sales for the cumulative consolidated second quarter amounted to ¥56.87 billion, which was a ¥4.93
billion (9.5%) increase year on year. Operating income for the segment was ¥700 million, representing a ¥340 million (33.0%)
decrease year on year. This decrease was mainly due to costs incurred in connection with launch of a new business in Japan.

Life & Healthcare
The Life & Healthcare segment reported higher overall net sales with strong revenues in both domestic and overseas markets.
The life & healthcare products business recorded sales gains in Japan and overseas for sales of our proprietary TREHA™ andother products to the food materials industry. In the skin care and toiletries field, the segment recorded higher sales of our
proprietary AA2G™, particularly to our main customers in Japan. Sales of raw materials to the same market were also higher.
In the pharmaceuticals and medical fields, sales of pharmaceutical raw materials and intermediates were slightly lower
compared to the same period in the prior fiscal year. At the same time, sales of medical materials were higher year on year. As aresult, the business as a whole reported higher overall net sales year on year.
The beauty care products business includes sales of cosmetics and health foods. Weakness in existing product sales led to lower
results for the business as a whole compared to the same period in the prior fiscal year.
As a result, segment net sales for the cumulative consolidated second quarter amounted to ¥40.94 billion, which was a ¥4.0
billion (10.9%) increase year on year. Operating income increased ¥320 million (24.8%) year on year, reaching ¥1.64 billion
for the period.

Other
No special matters to disclose.

(2) Financial Positiona. Assets, Liabilities and Net Assets
As of the end of the consolidated second quarter, current assets amounted to ¥329.09 billion. This represented a decrease of¥750 million compared to the end of the prior consolidated fiscal year, mainly due to decreases in inventories that outpaced
increases in cash and time deposits. Non-current assets amounted to ¥203.06 billion, down ¥13.6 billion. This was due mainly
to a fair value decline in investments in securities. As a result, total assets decreased by ¥14.36 billion compared to the end of
the prior consolidated fiscal year, down to ¥532.16 billion.
- 3 -NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

Liabilities amounted to ¥250.73 billion, down ¥8.28 billion. This was mainly due to decreases in notes and accounts payableand deferred tax liabilities of a net unrealized holding gain on securities.
Net assets amounted to ¥281.42 billion, down ¥6.07 billion . This was mainly due to a net unrealized holding gain on securities
and translation adjustments, despite quarterly profit attributable to owners of the parent of ¥6.5 billion.
As a result, the Company reported a shareholders’ equity ratio of 51.8%, up 0.3 points compared to the end of the priorconsolidated fiscal year.

b. Cash Flows
Cash and cash equivalents (Cash) increased by ¥2.85 billion (7.0%) compared to the end of the prior consolidated fiscal year,
amounting to ¥43.37 billion. Cash from operating activities amounted to ¥9.42 billion, while cash used in investing activities
came to ¥5.38 billion and cash used in financing activities amounted to ¥860 million. Also, effects of exchange rate changes oncash and cash equivalents were ¥310 million.

(Cash Flows from Operating Activities)
Cash flows from operating activities for the cumulative consolidated second quarter amounted to ¥9.42 billion. This result
was mainly due to income before income taxes and non-controlling interests of ¥9.84 billion and depreciation and amortizationof ¥4.74 billion. These were offset by a decrease of ¥1.12 billion in cash due to working capital increases and ¥2.28 billion inincome tax payments.

(Cash Flows from Investing Activities)
Cash used in investing activities during the cumulative consolidated second quarter amounted to ¥5.38 billion. This result ismainly due to ¥4.66 billion in purchases of property, plant and equipment and intangible fixed assets.

(Cash Flows from Financing Activities)
Cash used in financing activities for the cumulative consolidated second quarter amounted to ¥860 million. While theCompany recorded an increase in long-term loans of ¥1.48 billion, payments of dividends accounted for ¥1.9 billion cash
outlays.

(3) Qualitative Information related to Earnings Forecasts
The Company has made no changes its full-year consolidated earnings forecasts as originally published on May 8, 2015.

2 Summary Information (Notes)(1) Changes in significant subsidiaries during the period
No matters to report.

(2) Application of Special Accounting Methods to the Preparation of Quarterly Financial Statements
No matters to report.

(3) Changes in accounting policies, estimates and restatements
No matters to report.

(4) Additional Information
The Company has adopted the provisions of Paragraph 39 of the Accounting Standard for Consolidated Financial Statements(ASBJ Statement No. 22, September 13, 2013). Accordingly, the Company has changed its presentation with respect toquarterly net income, as well as changing its presentation from “minority interests” to “non-controlling interests.” To reflect
these changes in presentation, the Company has reclassified its financial statements for the second quarter of the priorconsolidated fiscal year and its financial statements for the prior consolidated fiscal year.
- 4 -NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets

Prior Consolidated Fiscal Year
(March 31, 2015)
ASSETS
Current assets
Cash and time deposits
Notes and accounts receivable
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Less allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible fixed assets
Goodwill
Technology-based assets
Other
Total intangible fixed assets
Investments and other assets
Investments in securities
Long-term loans receivable
Deferred tax assets
Other
Less allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

CONFIDEN TIAL

- 5 -(Millions of yen)
Second Quarter, Current
Consolidated Fiscal Year
(September 30, 2015)

40,575208,209
63,719
1,668
3,625
4,058
8,797
(806)
329,848

43,427
207,579
59,627
2,140
3,824
4,571
8,745
(824)
329,092

66,774

67,036

27,626
16,942
4,276
48,84426,805
16,154
4,139
47,09992,638
1,139
2,381
6,277
(1,378)101,058
216,677
546,52580,807
1,087
1,949
5,232
(144)
88,932203,068
532,161NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

Prior Consolidated Fiscal Year
(March 31, 2015)
LIABILITIESCurrent liabilities
Notes and accounts payable
Short-term loans
Current portion of long-term loans
Current portion of bonds
Accrued income taxes
Deferred tax liabilities
Accrued bonuses for employees
Accrued bonuses for directors
Other
Total current liabilities
Long-term liabilities
Bonds
Long-term loans
Deferred tax liabilities
Net defined benefit liability
Other
Total long-term liabilities
Total liabilities
NET ASSETS
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Less treasury stock, at cost
Total shareholders’ equity
Accumulated other comprehensive income (loss)
Net unrealized holding gain on securities
Deferred (loss) gain on hedges
Translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

CONFIDEN TIAL

- 6 -(Millions of yen)
Second Quarter, Current
Consolidated Fiscal Year
(September 30, 2015)

105,737
31,3886,377
10,000
2,268
19
4,314
213
16,105
176,424

101,41130,914
7,163
2,495
27
4,045
117
15,372
161,547

20,00030,322
20,272
10,803
1,201
82,600259,025

30,00030,73816,447
10,894
1,109
89,190250,737

9,699
11,654205,203(228)
226,328

9,699
11,654
209,791(229)
230,916

44,9203
9,478
666
55,0696,102
287,500
546,525

36,921
(7)
7,465
347
44,726
5,780
281,423532,161NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)Cumulative Second Quarter

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Rent income
Equity in earnings of affiliates
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary gains
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary gains
Extraordinary losses
Loss on sale of non-current assets
Loss on disposal of non-current assets
Impairment loss
Loss on sale of investments securities
Loss on sales of investments in capital
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit for the period
Profit attributable to non-controlling interests
Profit attributable to owners of the parent(Millions of yen)
Cumulative Second Quarter, Prior Cumulative Second Quarter,
Consolidated Fiscal year
Current Consolidated Fiscal Year
(April 1, 2014 (April 1, 2015 September 30, 2014)
September 30, 2015)
372,782
376,064
328,324
329,641
44,45746,42236,49836,387
7,959
10,034

CONFIDEN TIAL

- 7 -

100
660
128
372
312
260
1,834

109
705
147
90
181
1,235

535
154
689
9,103

523
258
299
1,082
10,188

364
0
364

4
50
55

19
36
67
0
20
144
9,323
3,348
(966)
2,381
6,942
278
6,664

13
83
290
9
397
9,846
3,104
(29)
3,075
6,770
267
6,502

NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

(Quarterly Consolidated Statements of Comprehensive Income)Cumulative Second Quarter

Profit for the period
Other comprehensive income
Net unrealized holding gain on securities
Deferred (loss) gain on hedges
Translation adjustments
Remeasurements of defined benefit plans
Share of other comprehensive income of affiliates
accounted for by the equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners of theparentComprehensive income attributable to non-controllinginterests(Millions of yen)
Cumulative Second Quarter, Prior Cumulative Second Quarter,
Consolidated Fiscal Year
Current Consolidated Fiscal Year
(April 1, 2014 (April 1, 2015 September 30, 2014)
September 30, 2015)
6,942
6,770

CONFIDEN TIAL

- 8 -

7,376
11
3,126
(141)

(7,999)(11)(1,885)
(318)

277

(299)

10,65017,592(10,514)(3,743)

16,977(3,839)615

96

NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)
Cumulative Second Quarter, Prior Cumulative Second Quarter,
Consolidated Fiscal Year
Current Consolidated Fiscal Year
(April 1, 2014 (April 1, 2015 September 30, 2014)
September 30, 2015)
Cash flows from operating activities
Income before income taxes
Depreciation and amortization
Amortization of goodwill
Impairment loss
Increase (decrease) in adjustments for retirement
benefits
Interest income and dividend income
Interest expenses
Foreign exchange loss (gain)(Increase) decrease in notes and accounts receivable(Increase) decrease in inventories
Increase (decrease) in notes and accounts payable
Other
SubtotalInterest and dividends received
Interest paid
Taxes paid
Cash flows from operating activities
Cash flows from investing activities
Purchases of property, plant and equipment
Cash from sale of property, plant and equipment
Payment for acquisition of intangible fixed assets
Purchases of investments securities
Cash from sale of investments securities
Cash used for purchase of investments
Change in short-term loans (increase)
Net decrease (increase) in time deposits
Other
Cash flows from investing activities
Cash flows from financing activities
Increase (decrease) in short-term loans, net
Proceeds from long-term loans
Repayment of long-term loans
Proceeds from issuance of bonds
Redemptions of bonds
Cash dividends paid
Dividends paid to non-controlling interests
Other
Cash flows from financing activities
Effects of exchange rate changes on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Increase in cash and cash equivalents accompanying
consolidation
Cash and cash equivalents at end of period

CONFIDEN TIAL

- 9 -

9,323
4,515
807
67

9,846
4,747
818
290

(156)

(369)

(761)
535
71
(10,186)(5,894)
7,905(1,284)
4,943
887
(531)
(4,356)
942

(815)
523
(304)
(670)
2,456
(2,914)(2,392)
11,214986(490)(2,286)
9,423(3,259)
537
(562)
(215)
10
(3)
635
89
(2,767)(4,022)
5
(646)
(306)
73
(310)
(402)
2
224
(5,382)

2,127
142
(373)
(1,778)
(334)
(106)
(323)

284
1,488
(241)
9,949
(10,000)(1,905)
(421)
(21)
(867)

885

(318)

(1,263)33,8252,854
40,522

32-

32,59443,377

NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016(4) Notes related to Quarterly Consolidated Financial Statements(Assumption for Going Concern)
No matters to report.

(Segment Information, etc.)
I Six months ended September 30, 2014 (consolidated)
1. Information related to net sales and income (loss) by reportable segment(Millions of yen)
To Quarterly
Consolidated

Reportable Segments
Advanced
Functional
Automotive
Life &
Materials & Electronics
Materials& Energy Healthcare
Processing

Total

Other
(Note) 1

Total

Corporate Adjustments
Statements of(Note) 2 (Note) 3
Income(Note) 4

Net sales
Sales tocustomers
Intersegment
sales/transfers

83,816124,01075,66451,93836,935372,365416

372,782－－372,782

1,427

1,102

379

1,377

147

4,435

2,516

6,952

－

(6,952)－

Total

85,244125,11376,04453,31637,082376,801

2,933

379,734－(6,952)372,782

Segment income(loss)

2,040

2,226

2,336

1,044

1,321

8,969

141

9,110

(1,429)

277

7,959

(Note) 1. Other is a business segment consisting of businesses not included in reportable segments, and includes distribution
services, information processing services, and professional services.
2. Corporate segment income (loss) represents expenses not allocated to reportable segments or Other.
3. Adjustments are eliminations of intersegment transactions.
4. The sum of Segment Income (loss) Total, Corporate, and Adjustments is equivalent to operating income as presented in
the consolidated statements of income.
CONFIDEN TIAL

II Six months ended September 30, 2015 (consolidated)
1. Information related to net sales and income (loss) by reportable segment(Millions of yen)
To Quarterly
Consolidated

Reportable Segments
Advanced
Functional
Automotive
Life &
Materials & Electronics
Materials& Energy Healthcare
Processing

Total

Other
(Note) 1

Total

Corporate Adjustments
Statements of(Note) 2 (Note) 3
Income(Note) 4

Net sales
Sales tocustomers
Intersegment
sales/transfers

79,203

133,383

65,30256,87540,942375,708

355

376,064－－

376,064

992

1,140

447

1,233

229

4,044

2,899

6,943

－

(6,943)－

Total

80,196

134,524

65,75058,10841,172379,752

3,255

383,007－(6,943)376,064

Segment income(loss)

2,094

2,585

3,722

700

1,649

10,753140

10,893(1,116)257

10,034(Note) 1. Other is a business segment consisting of businesses not included in reportable segments, and includes distribution
services, information processing services, and professional services.
2. Corporate segment income (loss) represents expenses not allocated to reportable segments or Other.
3. Adjustments are eliminations of intersegment transactions.
4. The sum of Segment Income (loss) Total, Corporate, and Adjustments is equivalent to operating income as presented in
the consolidated statements of income.

(Significant Fluctuations in Shareholders’ Equity)
No matters to report.

(Significant Subsequent Events)
No matters to report.

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NAGASE & CO., LTD. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2016

4. Supplementary Information(1) Overseas Sales
Six months ended September 30, 2014 (consolidated)
Northeast Asia

I

Overseas Sales(Millions of yen)II

Consolidated sales(Millions of yen)III

Ratio of overseas sales toconsolidated sales (%)

Southeast Asia

104,154

59,921

North America

15,243

Europe & Others

8,043

Total

187,363372,782
27.9

16.1

4.1

2.2

50.3

Six months ended September 30, 2015 (consolidated)
Northeast Asia

I

Overseas Sales(Millions of yen)II

Consolidated sales(Millions of yen)III

Ratio of overseas sales toconsolidated sales (%)

116,545

Southeast Asia

57,098

North America

15,259Europe & Others

8,367

197,271
376,064

31.0

15.2

4.1

2.2

(Notes)1. Overseas sales consist of net sales of the Company and consolidated subsidiaries in other countries or regions.
2.
3.

Total

Countries/regions are determined by geographical proximity.
Major countries in each region

CONFIDEN TIAL

(1) Northeast Asia......Taiwan, China(2) Southeast Asia......Singapore, Thailand(3) North America......U.S.
(4) Europe & Others......Germany- 11 -

52.5