UNITED, Inc.
（ＵＲＬ http://www.united.jp/ ）Financial Highlights of 1st Quarter of Fiscal Year 2014 (April 1, 2014 to June 30, 2014) and1st Quarter of Fiscal Year 2013 (April 1, 2013 to June 30, 2013)(1) Consolidated operating result
Net sales
1st Quarter of FY 2014
1st Quarter of FY 2013

Mil.¥
2,024
1,159％( 74.6)（△23.8）

Earnings
per shareYen
3.48△ 4.38

1st Quarter of FY 2014
1st Quarter of FY 2013

Operating incomeMil.¥128△ 109

Ordinary income％――Mil.¥134△ 96

Net income％――Mil.¥81
△ 97％
―
―

Diluted earningsper share
Yen
3.46
―

(2) Consolidated financial position
Total assets
Mil.¥
1st Quarter of FY 2014
8,932
(As of June 30,2014)
Fiscal Year 2013
8,200
(As of March 31,2014)(Reference) Capital: June 30, 2014: 7,704 million yen

Net assets

Equity ratio

Mil.¥

％

7,718

86.2

7,159

87.0

March 31, 2014: 7,137 million yen(3) Dividend per share
Record date

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

End ofperiod
Yen
1.00

Annualdividend
Yen
1.00

Fiscal Year 2013
Fiscal Year 2014
Fiscal Year 2014――――(expected)
Note: Revisions of the forecasts of consolidated results since the latest announcement: No(4)Consolidated ernings forecast for fiscal year ending March 2015 (April 1,2014 to March 31,2015)
The consolidated earnings forecast for this period has not been included due to difficulties conducting reasonable calculationsof the earnings forecast.

UNTIED Consolidated Financial Statements(1)UNITED Consolidated Balance Sheets(Unit:Thousands of Yen)
Items of an account

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Operational investment securities
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Other
Allowance for doubtful accounts
Total 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
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
Minority interests
Total net assets
Total liabilities and net assets

FY2013(As of March 31,2014)

1st Quarter of FY2014(As of June 30,2014)

AmountAmount5,096,046
1,063,987
973,316
32,792
79,082-5,386
7,239,839

5,138,642
1,093,753
1,185,907
55,47689,740-4,785
7,558,734

86,221

82,6793,424
120,960
124,385

7,247
122,229
129,476

456,724
194,444
108,035-9,373749,830
960,437
8,200,276

881,891
182,133
112,683-14,953
1,161,754
1,373,910
8,932,644

654,441
100,000
530
37,25945,261
202,800
1,040,293

728,006
100,000―
26,13340,533319,182
1,213,855

52
52
1,040,346

56
56
1,213,912

2,696,846
2,813,562
1,517,697-2,3107,025,796

2,902,582
3,019,298
1,575,817-2,611
7,495,087

110,968
1,135
112,104
21,687342
7,159,930
8,200,276

214,460△5,357
209,102
9,813
4,728
7,718,732
8,932,644

(2)UNITED Consolidated Statements of Income

Items of an accountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
OtherTotal non-operating income
Non-operating expensesInterest expenses
Foreign exchange losses
Share issuance cost
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on reversal of subscription rights to shares
Gain on reversal of asset retirement obligations
Total extraordinary income
Extraordinary losses
Loss on liquidation of subsidiaries and associates
Office transfer expenses
Total extraordinary losses
Income (loss) before income taxes and minority interests
Income taxes - current
Total income taxes
Income (loss) before minority interests
Minority interests in income (loss)
Net income (loss)

1st Quarter of FY2013(April 1,2013
to June 30,2013)
Amount(Unit:Thousands of Yen)
1st Quarter of FY2014(April 1,2014
to June 30,2014)
Amount1,159,285
871,161
288,124
397,216-109,092

2,024,173
1,464,677
559,495
430,672
128,823

1,221
0
9,790
1,826
12,838

372
0
7,655
1,156
9,185

424
―
―
135
559
-96,813

493
1,496
1,383
280
3,655
134,353

―
8,000
8,000

53
―
53

―
2,689
2,689
-91,5027,202
7,202-98,705-794-97,91133,056―33,056
101,350
19,85019,85081,50016
81,483

(3)UNITED Consolidated Statements of Comprehensive Income

Items of an accountIncome (loss) before minority interests
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 minority interests

1st Quarter of FY2013(April 1,2013
to June 30,2013)
Amount(Unit:Thousands of Yen)
1st Quarter of FY2014(April 1,2014
to June 30,2014)
Amount-98,705

81,50035,250―-2,616
32,634-66,071

101,967-6,493
1,526
97,001
178,501-65,347-723

178,48119