Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2019
[Japanese GAAP] (Consolidated)
Name of Listed Company:
UCHIYAMA HOLDINGS INC.
Code Number: 6059
URL: http://www.uchiyama-gr.jp
Representative: Fumiharu Uchiyama, President and Representative Director
Contact Point: Takehiro Yamamoto, Senior Managing Director and Manager of Business Planning Office
Phone: (093) 551-0002
Scheduled Date of Dividend Payment Start: －Scheduled Date of Financial Statements Filing: August 14, 2018
Supplementary materials for Financial Results: None
Investor conference for Financial Results: None

August 10, 2018
Stock Listing: TSE(Amounts are rounded down to the nearest 1 million yen)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2019 (April 1, 2018 – June 30, 2018)(% of change from previous year)(1) Consolidated Financial Results
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Millions of yen

FY 2019 1Q
FY 2018 1Q(Note) Comprehensive income%

Millions of yen

%

6,541
3.7
124
(40.5)
6,306
7.2
208
－
FY 2019 1Q: ¥120 million (-29.8 %)Net income
per share

Millions of yen%

Millions of yen

214(16.3)
256－
FY 2018 1Q: 172 million (- %)

%

129
164

(20.9)－

Diluted net income per
share
Yen

Yen

FY 2019 1Q
6.71－
FY 2018 1Q
8.49－
Since the year-on-year growth rates of ordinary income and profit attributable to owners of parent for the 1 st quarter of the term
ended March 2018 exceed 1000%, “－” is used.
(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

FY 2019 1Q
FY 2018(Reference) Equity capital:

Equity ratio

Millions of yen

30,32629,986
FY 2019 1Q: ¥15,419 million%

15,41950.8
15,39751.3
FY 2018: ¥15,397 million

2. Dividends
End of the 1Q

Dividends per share
End of the 3Q

End of the 2Q

Yen

FY 2018－
FY 2019－
FY 2019 (forecast)(Note) Changes from the latest dividend forecast: None

Year-end

Annual

Yen

Yen

Yen

Yen

5.00

－

5.00

10.00

5.00

－

5.00

10.00

3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2019 (April 1, 2018 – March 31, 2019)(% of change from previous year for full year)

Net sales
Millions of yen

Operating income%

Millions of yen

2Q
13,5373.3
439(cumulative)
Full year
27,7815.2
1,318(Note) Changes from the latest financial forecast: None

Profit attributable toowners of parent

Ordinary income%

Millions of yen%

Millions of yen

Net income
per share%Yen(23.9)

513(23.4)

334(24.5)

17.29

10.6

1,371

1.4

881

9.1

45.62

*Notes(1) Changes in significant subsidiaries (changes of specified subsidiaries resulting in changes in scope of consolidation) during
the current term: None
(2) Application of the accounting procedures for producing quarterly consolidated financial statements: None
(3) Changes in accounting policies, accounting estimates and restatements:
1) Changes in accounting policies due to revisions of accounting standards:
2) Changes in accounting policies due to reasons other than above 1):3) Changes in accounting estimates:
4) Restatements:(4) Number of outstanding shares (common stock)1) Number of outstanding shares (including treasury
stock) at end of term2) Number of treasury stock at end of term3) Average number of shares

None
None
None
None

FY 2019 1Q

21,618,800 shares

FY 2018

21,618,800 shares

FY 2019 1Q

2,287,776 shares

FY 2018

2,287,776 shares

FY 2019 1Q

19,331,024 shares

FY 2018 1Q

19,331,024 shares*Summary of financial results is out of scope of quarterly review by certified public accountant or audit corporation.
*Statement regarding the proper use of financial forecasts and other remarks
 Descriptions regarding the future, including the financial projections contained in this report, are based on certain
assumptions currently available to the Company, which are, at the discretion of the Company, deemed reasonable. Actual
financial results may significantly vary due to various factors. For assumptions used in forecasting financial results andprecautions in using the financial projections, please refer to “Analysis Concerning Future Forecasts Including
Consolidated Financial Projections” on page 3 of the Appendix.
 A meeting for explaining the businesses and results to individual investors will be held when necessary. For the schedule ofthe meeting, etc., please see the website of the Company.

○Table of contents of the appendix

1. Analysis Concerning Results of Operations and Financial Condition .......................................................................................... 2(1) Analysis Concerning Results of Operations ............................................................................................................................ 2(2) Analysis Concerning Financial Situation ................................................................................................................................ 3(3) Analysis Concerning Future Forecasts Including Consolidated Financial Projections ........................................................... 3
2. Consolidated Financial Statements ............................................................................................................................................... 4(1) Consolidated Balance Sheets .................................................................................................................................................. 4(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income .............................................. 6(3) Notes Regarding Consolidated Financial Statements .............................................................................................................. 8(Notes regarding premise of a going concern) .......................................................................................................................... 8(Notes on significant changes in the amount of shareholders’ equity) ...................................................................................... 8(Additional information) .......................................................................................................................................................... 8(Segment information, etc.) ...................................................................................................................................................... 8

1

1. Analysis Concerning Results of Operations and Financial Condition(1) Analysis Concerning Results of Operations
In the first quarter of this consolidated term, the Japanese economy saw a gentle recovery trend, thanks to theimprovements in corporate earnings, the employment/income environment, etc., but there are many uncertainties, including
concern about the intensification of trade friction and geopolitical risks, and so the future outlook remains unclear.
Amid this business environment, our corporate group has carried out sales activities, etc. actively based on our businessstrategies in each segment. In addition, we made efforts to improve the added values of our services, by planning andimplementing various measures for boosting synergetic effects among Nursing Care, Karaoke, and Restaurant Businesses.
As for expenditures, we streamlined our business administration by reducing costs, to stabilize our business performance.
As a result, sales of the first quarter of the current consolidated fiscal year were 6,541,138 thousand yen (up 3.7% Yearon-Year (YoY)), operating income was 124,060 thousand yen (down 40.5% YoY), ordinary income was 214,769 thousandyen (down 16.3% YoY), and profit attributable to owners of parent was 129,738 thousand yen (down 20.9% YoY).
The results of each segment were as follows.
1) Nursing Care Business
For the Nursing Care Business segment, we opened the paid nursing home with nursing care services “Sawayaka
Okazaki-kan (Okazaki City, Aichi Prefecture)” and the day-care facilities in a project for supporting disabled children incommuting to facilities after school, etc. “Sawayaka Ai-no-ie Okazaki-kan” and “Sawayaka Ai-no-ie Shimonoseki-kan(Shimonoseki City, Yamaguchi Prefecture)” in May. We also opened the paid nursing homes with nursing care services“Sawayaka Sakurasanban-kan (Akita City, Akita Prefecture)” and “Sawayaka Himeji-kan (Himeji City, Hyogo Prefecture)”
as well as the day-care facility in a project for supporting disabled children in commuting to facilities after school, etc.
“Sawayaka Ai-no-ie Sakura-kan” in June. As a result, the number of sales footholds as of the end of the first quarter is 99(176 offices). At existing facilities, we aimed to stabilize occupancy ratio and reduce the number of vacant rooms bypromoting the cementing of cooperation with nearby hospitals and home care support offices by visiting them. Consequently,
the average occupancy ratio of existing facilities in the first quarter of this consolidated term was 96.7% (93.4% in the same
term last year). As new facilities were opened in the first quarter of this consolidated term, and the Company established 4
paid nursing homes with nursing care services in February and 1 home in March of the previous term, expenses were posted,because costs for management personnel, maintenance, etc. for these facilities are required as fixed costs from the openingof these facilities. This produced some effect on the revenue in the first quarter of this consolidated term. As a result, sales
were 4,326,261 thousand yen (up 11.1% YoY) and segment income was 331,905 thousand yen (down 1.6% YoY).
2) Karaoke Business
For the Karaoke Business segment, we strived to attract more customers by distributing coupons, etc. via SNS, but the
number of customers was affected by the intense interest of people in 2018 FIFA World Cup Russia, which began on June
14. As a result, sales were 1,694,797 thousand yen (down 5.1% YoY) and segment income was 114,989 thousand yen (up3.9% YoY). In the first quarter of the current consolidated fiscal year, we closed 2 stores without opening any new stores.
Accordingly, the number of stores is 90 as of the end of this quarter.
3) Restaurant Business
For the Restaurant Business segment, 1 existing store changed its business type and 1 store was closed in Thailand.
Accordingly, the number of stores as of the end of this first quarter is 20 inside Japan, and 2 outside Japan. Like the Karaoke
Business, the number of customers declined due to the FIFA World Cup. As a result, sales were 406,210 thousand yen (down
6.7% YoY) and segment income was 17,450 thousand yen (segment loss was 9,250 thousand yen during the same term lastyear).

2

4) Real Estate Business
For the Real Estate Business segment, our corporate group’s core businesses activities are sales/purchase of real estate
properties for sale and intermediary work for rental properties. As a result, sales were 58,757 thousand yen (down 53.6%
YoY) and segment income was 8,307 thousand yen (down 76.3% YoY).
5) Other businesses
In the Other businesses segment, we strived to increase hotel guests by utilizing the advertisement media, with the aim of
meeting the demand as domestic travels increased due to the yen depreciation, in the hotel business. As a result, sales were55,112 thousand yen (down 15.4% YoY) and segment loss was 7,823 thousand yen (segment loss was 7,956 thousand yen
during the same term last year).

(2) Analysis Concerning Financial Situation
Total assets as of the end of the first quarter of this consolidated fiscal year came to 30,326,721 thousand yen, up 340,413
thousand yen from the end of the previous consolidated fiscal year.
Current assets came to 12,961,067 thousand yen, down 247,843 thousand yen from the end of the previous consolidated
fiscal year. This is mainly because cash and deposit and real estate for sale decreased and notes and accounts receivable-trade
increased.
Noncurrent assets came to 17,365,654 thousand yen, up 588,256 thousand yen from the end of the previous consolidated
fiscal year. This is mainly because buildings and structures and land increased and property, plant and equipment (other)decreased.
Liabilities as of the end of the first quarter of this consolidated fiscal year came to 14,906,926 thousand yen, up 317,635
thousand yen from the end of the previous consolidated fiscal year.
Current liabilities came to 6,025,896 thousand yen, down 444,360 thousand yen from the end of the previous consolidated
fiscal year. This is mainly because short-term loans payable and income taxes payable decreased and provision for bonuses
increased.
Noncurrent liabilities came to 8,881,029 thousand yen, up 761,996 thousand yen from the end of the previous consolidated
fiscal year. This is mainly because long-term loans payable increased and noncurrent liabilities (other) decreased.
Net assets as of the end of the first quarter of this consolidated fiscal year came to 15,419,795 thousand yen, up 22,777
thousand yen from the end of the previous consolidated fiscal year. This is mainly because of an increase in retained earnings
arising from profit attributable to owners of parent and a decrease due to cash dividends paid.
“Partial Revision to ‘Accounting Standards for Tax Effect Accounting’ (Corporate Accounting Standards No. 28, Feb. 16,2018),” etc. has been applied since the beginning of the first quarter of this consolidated term. The financial standing isanalyzed and compared with that in the previous consolidated term, while applying said accounting standards, etc. to theresults in the previous term.

(3) Analysis Concerning Future Forecasts Including Consolidated Financial Projections
As for the consolidated financial projections for the term ending March 2019, there are no changes to the estimated values
announced on May 14, 2018.

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2. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of yen)
FY ended March 31, 2018
(As of March 31, 2018)

1Q of FY ending March 31, 2019
(As of June 30, 2018)

AssetsCurrent assets
Cash and deposits

9,315,023

8,873,425

Notes and accounts receivable-trade
Merchandise

1,918,111
67,5932,025,145
61,760Real estate for sale
Supplies

989,573372

981,739250

Other
Allowance for doubtful accounts

926,367(8,132)

1,023,825(5,080)13,208,910

12,961,067

7,281,803
3,390,199

8,011,655
3,461,729

Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net

856,990656,073

11,528,994

12,129,458

77,423

71,416

Other
Allowance for doubtful accounts

5,197,995

5,191,367(27,015)(26,587)

Total investments and other assets

5,170,980

5,164,779

16,777,397

17,365,654

29,986,308

30,326,721

621,037

562,017751,004
2,300,777345,200
2,320,956

Income taxes payable
Provision for bonuses

269,938
236,941

126,946
365,303

Provision for point card certificates
Provision for shareholder benefit program

137,972
12,397

122,679-

Asset retirement obligation
Other

17,233
2,122,955

12,8002,169,994

Total current liabilities

6,470,257

6,025,896

Long-term loans payable
Asset retirement obligation

6,549,297
221,321

7,423,006
218,765

Other

1,348,414

1,239,257

Total noncurrent liabilities

8,119,032

8,881,029

14,589,290

14,906,926

Total property, plant and equipment
Intangible assets
Investments and other assets

Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payableNoncurrent liabilities

Total liabilities

4

(Thousands of yen)
FY ended March 31, 2018
(As of March 31, 2018)

1Q of FY ending March 31, 2019
(As of June 30, 2018)

Shareholders’ equity
Capital stock

2,222,935

2,222,935

Capital surplus
Retained earnings

2,666,282
11,691,849

2,666,282
11,723,433

Treasury stock(1,166,007)(1,166,007)

Total shareholders’ equity

15,415,060

15,446,643

Valuation difference on available-for-sale securities
Foreign currency translation adjustment(17,799)(243)(26,868)
20

Total accumulated other comprehensive income(18,042)(26,848)

Total net assets

15,397,017

15,419,795

Liabilities and net assets

29,986,308

30,326,721

Net assets

Accumulated other comprehensive income5(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
The first quarter of this consolidated fiscal year
(Thousands of yen)
1Q of FY ended March 31, 2018
(April 1, 2017 - June 30, 2017)

1Q of FY ending March 31, 2019
(April 1, 2018 - June 30, 2018)

Net sales

6,306,310

6,541,138

Cost of sales

5,683,184

5,949,242

Gross profit

623,125591,896

Selling, general and administrative expenses

414,786

467,835

Operating income

208,339

124,060

Interest income
Dividends income

1,414
22

1,267
2,324

Commission fee
Other34,66434,96660,89257,807

Total non-operating income

71,067122,291

18,720

16,6393,972

14,943Non-operating income

Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary loss
Impairment loss

22,69331,582

256,714214,769-

10,042

Total extraordinary loss-

10,042

Income before income taxes

256,714204,727

Income taxes-current

120,033

99,893

Income taxes-deferred(27,345)(24,904)

Total income taxes

92,68874,988Net income

164,026

129,738

Net profit attributable to non-controlling interests
Net profit attributable to owners of parent

6

-

-

164,026

129,738

Consolidated Statements of Comprehensive Income
The first quarter of this consolidated fiscal year
(Thousands of yen)
1Q of FY ended March 31, 2018
(April 1, 2017 - June 30, 2017)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income

1Q of FY ending March 31, 2019
(April 1, 2018 - June 30, 2018)

164,026

129,738

8,294(9,069)

5

263

8,299

(8,806)Comprehensive income

172,325

120,932

Comprehensive income attributable toComprehensive income attributable to owners of theparentComprehensive income attributable to non-controllinginterests

172,325

120,932--7

(3) Notes Regarding Consolidated Financial Statements(Notes regarding premise of a going concern)
Nothing is applicable.
(Notes on significant changes in the amount of shareholders’ equity)
Nothing is applicable.
(Additional information)(Application of Partial Revision to ‘Accounting Standards for Tax Effect Accounting,’ etc.)
Partial Revision to ‘Accounting Standards for Tax Effect Accounting’ (Corporate Accounting Standards No. 28, Feb. 16,2018), etc. have been applied since the beginning of the first quarter of this consolidated term. Accordingly, deferred tax assets
are indicated in the section of “Investments and other assets,” while deferred tax liabilities are indicated in the section of“Noncurrent liabilities.”(Segment information, etc.)[Segment information]
I. Cumulative period through the consolidated first quarter of the previous fiscal year (April 1 – June 30, 2017)
1. Information on sales, profits or losses, assets, liabilities, and other items for each segment(Thousands of yen)
Consolidated

Reporting segments
Others(Note) *1

Total

Adjustment statements ofamount*2

incomeNursing Care

Karaoke

Restaurant

Real EstateBusiness

Business

Business

Business

3,893,498

1,785,760

435,273

126,667

6,241,200

65,1096,306,310－

6,306,310

－

2,550

9,685

345

12,581－

12,581(12,581)－

3,893,498

1,788,310

444,959

127,0126,253,781

65,1096,318,891(12,581)6,306,310

337,213

110,627(9,250)35,112473,701(7,956)

465,745(257,405)

208,339

Total

amount*3

Sales
Sales to externalcustomers
Internal sales ortransferred amountamong the segments
Total
Segment income(loss)(Note) 1. The classification “other business” refers to business segments that are not included in reporting segments, and includes
hotel business.
2. The segment income (loss) adjustments amount, -257,405 thousand yen, includes 120,854 thousand yen in eliminationof intersegment transactions and -378,260 thousand yen in company-wide expenses that are not allocated to reporting
segments. The company-wide expenses are mainly selling, general and administrative expenses that are not allocated toreporting segments.
3. Segment income (loss) is adjusted with operating income calculated in the consolidated statements of income.
2. Information on impairment of noncurrent assets, goodwill, etc. for each reporting segment
Nothing is applicable.

8II. Cumulative period through the consolidated first quarter of current fiscal year (April 1 – June 30, 2018)
1. Information on sales, profits or losses, assets, liabilities, and other items for each segment(Thousands of yen)
Consolidated

Reporting segments
OthersNursing Care

Karaoke

Restaurant

Real Estate(Note) *1

Total

Adjustment statements ofamount*2

Total

incomeamount*3

Business

Business

Business

Business

4,326,261

1,694,797

406,21058,757

6,486,026

55,112

6,541,138－

6,541,138

－

2,604

10,909300

13,814－

13,814(13,814)－

4,326,261

1,697,402

417,11959,057

6,499,840

55,112

6,554,952(13,814)

6,541,138

331,905

114,989

17,4508,307

472,652(7,823)464,828(340,768)

124,060

Sales
Sales to externalcustomers
Internal sales ortransferred amountamong the segments
Total
Segment income(loss)(Note) 1. The classification “other business” refers to business segments that are not included in reporting segments, andincludes hotel business.
2. The segment income (loss) adjustments amount, -340,768 thousand yen, includes 120,993 thousand yen inelimination of intersegment transactions and -461,761 thousand yen in company-wide expenses that are not allocatedto reporting segments. The company-wide expenses are mainly selling, general and administrative expenses that are
not allocated to reporting segments.
3. Segment income (loss) is adjusted with operating income calculated in the consolidated statements of income.
2. Information on impairment of noncurrent assets, goodwill, etc. for each reporting segment(Significant impairment of noncurrent assets)
As for the stores closed or to be closed in the first quarter of this consolidated term, an impairment loss of 3,608 thousand
yen was posted in the “Karaoke Business” segment, and an impairment loss of 6,433 thousand yen was recorded in the“Restaurant Business” segment.

9