January 31, 2018

Consolidated Financial Results(Japanese Accounting Standards)
for the 3rd Quarter of FY 2017
Company name:
Stock exchange listing:Stock code:
URL:
Representative:
Contact:

UNITED, Inc.
Tokyo Stock Exchange2497

http://united.jp/

Tomonori Hayakawa, CEO
Takahiro Fukushima, General Manager, Corporate Administration Division
Tel. +81-3-6821-0000
Scheduled date for filing of quarterly securities report:
January 31, 2018
Scheduled date of commencement of dividend payment:―
Supplementary documents for quarterly results:
YES(For securities analysts and institutional investors)
Quarterly results briefing:
YES(Amounts of less than one million yen are rounded down)

1.Consolidated Financial Results for the 3rd Quarter of FY 2017 (April 1, 2017 - December 31, 2017)(Percentages show year-on-year changes)(1) Consolidated Results of Operations (Accounting Total)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parentMil.¥Mil.¥Mil.¥
Mil.¥
％％％％
3rd Quarter of FY 2017
10,474
2.2
1,120
47.8
1,106
39.3
584
58.8
3rd Quarter of FY 201610,24827.7757△42.6794△46.5368△73.8(Note)Comprehensive income:
804million yen ( 957.4 %) for the 3rd Quarter of FY 2017
76 million yen ( △96.5 %) for the 3rd Quarter of FY 2016
Earnings
Diluted earnings
per shareper share
YenYen25.43
25.32
3rd Quarter of FY 2017
16.01
16.00
3rd Quarter of FY 2016
(2) Consolidated Financial Position
Total assets
Mil.¥
3rd Quarter of FY 201712,894(As of December 31,2017)
Fiscal Year 2016
12,116(As of March 31,2017)(Reference) Capital: December 31, 2017: 9,990 million yenNet assets

Equity ratio

Mil.¥％

10,126

77.5

9,551

78.4

March 31, 2017: 9,504 million yen

2.Dividend Per Share
Record date

End of 1st End of 2nd End of 3rdquarter
quarterquarter
Yen
Yen
Yen
―
0.00
――
5.00
―

End ofperiod
Yen
8.00

Annualdividend
Yen
8.00

Fiscal Year 2016
Fiscal Year 2017
Fiscal Year 2017――(expected)
Note: Revisions of the forecasts of consolidated results since the latest announcement: None
3.Consolidated Earnings Forecast for Fiscal Year Ending March 2018 (April 1,2017 to March 31,2018)
The consolidated earnings forecast for this period has not been included due to difficulties conducting reasonablecalculations of the earnings forecast.

*Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):None(2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statement:None(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies caused by revision of accounting standard:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatement:None
None
None
None

(4) Number of shares outstanding (common stock):(i) Number of shares outstanding at end of period (including treasury stock)
As of December 31, 2017:
As of March 31, 2017:

23,670,945 shares
23,670,945 shares(ii) Number of treasury stock at end of period
As of December 31, 2017:
As of March 31, 2017:

673,845 shares
673,695 shares(iii) Average number of shares outstanding during the term
3rd Quarter of FY 2017:
3rd Quarter of FY 2016:

22,997,182 shares
23,002,520 shares*Status of a quarterly review- These Consolidated Financial Results are not subject to quarterly review procedures based on the Financial Instruments and Exchange Act.

*Explanations and other special notes concerning the appropriate use of business performance forecasts- The forward-looking statements such as result forecasts included in this document are based on the information available tothe Company at the time of the announcement and on certain assumptions considered reasonable, and the Company makes norepresentations as to their achievability. Actual results may differ materially from the forecast depending on a range of factors.
- We will hold a quarterly results briefing for institutional investors and analysts on February 1, 2018.
For material that are distributed in this briefing, it will be posted on our website.

UNITED Consolidated Financial Statements(1)UNITED Consolidated Balance Sheets(Unit:Thousands of Yen)for the 3rd Quarter of FY 2017

Items of an account

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Operational investment securities
Inventories
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assetsGoodwill
Other
Total intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total 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
Non-controlling interests
Total net assets
Total liabilities and net assets

FY2016(As of March 31,2017)

3rd Quarter of FY2017(As of December 31,2017)

AmountAmount

4,962,339
2,070,220
2,288,072
50,718739,298(20,995)
10,089,654

5,510,460
1,863,494
3,201,746
50,295
152,469(5,572)
10,772,894

176,930

213,398

1,226,215
202,588
1,428,803
421,294
2,027,028
12,116,683

1,010,166
242,167
1,252,333
655,403
2,121,135
12,894,030

1,382,867
100,000
4,200
363,862
59,457641,085
2,551,472

1,339,056
100,000
4,200
257,368
66,668990,955
2,758,249

10,8502,589
13,4392,564,912

7,700
1,938
9,638
2,767,888

2,922,037
3,072,538
3,994,009(964,319)
9,024,265

2,922,037
3,072,538
4,279,772(964,762)
9,309,585

456,769
23,504
480,274
46,774457
9,551,771
12,116,683

654,044
26,785680,830
113,356
22,36910,126,142
12,894,030

(2)UNITED Consolidated Statements of Income
for the 3rd Quarter of FY 2017

Items of an accountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest and dividend income
Gain on forfeiture of unclaimed dividends
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Share of loss of entities accounted for using equity method
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on reversal of subscription rights to shares
OtherTotal extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Office transfer expenses
Impairment loss
Provision of allowance for doubtful accounts
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

3rd Quarter of FY2016(April 1,2016
to December 31,2016)
Amount(Unit:Thousands of Yen)
3rd Quarter of FY2017(April 1,2017
to December 31,2017)
Amount10,248,715
7,682,221
2,566,494
1,808,533
757,960

10,474,768
7,079,046
3,395,721
2,275,676
1,120,045

666
514
30,097
8,212
39,490

156
783
2,067
3,006

1,068
2,186
3,254
794,195

1,258
7,121
7,127
1,372
16,881
1,106,170

18
18

3,174
0
3,174

645
29,99924,146
6,768
14,64976,209718,004
296,681
67,437364,118
353,885(14,440)
368,325

3,006
4,200
7,207
1,102,137
465,751
32,588498,339
603,797
19,070584,727

(3)UNITED Consolidated Statements of Comprehensive Income
for the 3rd Quarter of FY 2017

Items of an account

Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

3rd Quarter of FY2016(April 1,2016
to December 31,2016)
Amount(Unit:Thousands of Yen)
3rd Quarter of FY2017(April 1,2017
to December 31,2017)
Amount353,885

603,797(268,396)(106)(9,319)(277,823)
76,062

197,275
3,280
200,555804,353

90,460(14,397)785,283
19,070