Consolidated Financial Results for the Fiscal Year Ended December 31, 2016
[Japanese GAAP]

February 9, 2017
CompanyVision Inc.
Stock Listing
TSE
Stock Code9416
URL
http://www.vision-net.co.jp/
Representative
Kenichi Sano, Founder & CEO
Contact
Shinichi Nakamoto, Director & Senior Executive Officer
TEL+81-3-5325-0344
Scheduled date of general shareholders' meeting :March 29, 2017－
Scheduled starting date of dividend payment:
Scheduled date of submission of financial reports :March 30, 2017
Supplementary financial documents:
Yes
Financial results briefing:
Yes (for institutional investors and analysts)(Round down to million yen)

1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2016
(January 1, 2016 through December 31, 2016)(1) Consolidated Operating Results(% change from the previous corresponding period)
Net income attributable
Operating profit
Recurring profit
owners of parent

Sales
Million yen％

FY2016
14,843
FY2015
12,485(Note) Comprehensive profit ;

18.9
22.6

Net income
per share

Million yen％

Million yen％

1,290
60.3
1,298
60.8
804
181.2
807
149.3
FY2016:815 million yen( 62.9%)FY2015:
500 million yen( 56.0%)Million yen

813
585

39.0
112.6％

Diluted net
Recurring
Return on equity
income per shareprofit/Total assets
YenYen％Operatingprofit/Sales％％

FY2016100.24FY2015
97.89(Reference) Equity in earnings of affiliates(Note)

98.87
11.8
14.1
8.7
95.88
13.9
13.0
6.4;
FY2016:－ million yen
FY2015:－ million yen
The Company was listed on the Mothers Section of the Tokyo Stock Exchange on December 21, 2015. Accordingly,
diluted net income per share for the previous consolidated fiscal year was calculated based on the assumptionthat the average share price during the period from the date of the new listing until the end of the previous
consolidated fiscal year was the average share price during the period.

(2) Consolidated Financial Position
Total assets

Shareholder’s equity
ratio

Net assets

Million yen

Million yen

FY20169,935
FY2015
8,528(Reference) Shareholders’ equity ;FY2016:FY2015:

7,312
6,496
7,312 million yen
6,496 million yen

Net assets per share％

Yen

73.6
76.2

900.64800.16(3) Consolidated Cash Flow Position
Cash flows fromoperating activities
FY2016FY2015

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Million yen

Million yen

Million yen

Million yen

1,492
799(472)
(628)

(37)
3,666

6,239
5,272

2. Dividends
Annual dividend

FY2015FY2016FY2017 (Forecast)

Dividend
Dividends/
payout ratio
Net assets(Consolidated) (Consolidated)

End of 1Q
Yen

End of 2Q
Yen

End of 3Q
Yen

Year-endYen

Yen

Million yen％％－－－

0.00
0.00
0.00－－－

0.00
0.00
0.00

0.00
0.00
0.00－－－－－－－

―1―

Total

Total
dividends(Annual)3. Forecast of Consolidated Financial Results for the Fiscal Year Ending December 2017
(January 1, 2017 through December 31, 2017)

Sales
Million

1Q-2Q FY2017
FY2017

7,861
16,713Operating profit％ Million yen

13.1
12.6

669
1,606

(% change from the previous corresponding period)
Net income
Net income per
Recurring profit
attributableshareowners of parent％ Million yen

20.0
24.5

671
1,608

―2―％ Million yen

26.4
23.9

436
1,045％Yen

27.7
28.5

53.76
128.81

* Notes(1) Changes in significant subsidiaries during the period:(Changes in specified subsidiaries resulting in changes in scope of consolidation)

None(2) Changes in accounting policies, accounting estimates and restatement① Changes in accounting policies associated with revision of accounting standards :Yes② Changes in accounting policies other than ①:None③ Changes in accounting estimates:

None④ Restatement:

None(3) Shares issued (common stock)① Shares issued as of term-end (incl. Treasury stock)

FY2016

8,118,700

FY2015

8,118,700② Treasury stock as of term-end

FY2016－FY2015－③ Average number of shares outstanding

FY2016

8,118,700

FY20155,979,998

1. Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2016
(January 1, 2016 through December 31, 2016)(1) Non-consolidated Results of Operations
Sales
FY2016FY2017

Operating profit

Recurring profit

Net income

Million yen％

Million yen％

Million yen％

Million yen％

13,806
11,472

20.3
24.0

1,051
544

93.1
155.8

1,107595

86.1
89.1

707
405

74.6
430.8

Net income per share
FY2016FY2015(% change from the previous corresponding period)

Diluted net income
per shareYen

Yen

87.11
67.72

85.93
66.33

(2) Non-consolidated Financial Position
Total assets
Million yen

Net assets

Shareholder’s equityratio

Net assets per share％

Yen

Million yen

FY2016
9,536
6,944
72.8
855.41FY2015
8,100
6,218
76.8
766.00(Reference) Shareholders’ equity ;FY2016:
6,944 million yen
FY2015:
6,218 million yen(Note) The Company was listed on the Mothers Section of the Tokyo Stock Exchange on December 21, 2015. Accordingly,
diluted net income per share for the previous consolidated fiscal year was calculated based on the assumptionthat the average share price during the period from the date of the new listing until the end of the previous
consolidated fiscal year was the average share price during the period.

* Presentation regarding the status of audit procedures

The financial summary is not subject to audit procedures under the Financial Instruments and Exchange Act.
As at the time of the disclosure of this financial summary, the audit procedures for consolidated financial
statements under the Financial Instruments and Exchange Act were being undertaken.

* Explanation for appropriate use of forecasts and other notes

The forward-looking statements such as operational forecasts contained in this statements summary are basedon the information currently available to the Company and certain assumptions which are regarded as
legitimate. Actual results may differ significantly from these forecasts due to various factors.

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