Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Six Months Ended September 30, 2018
(Based on Japanese GAAP)
October 31, 2018
Company name:
Fundely Co.,Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

3137
URL https://www.fundely.co.jp/
President, Founder
Kosuke Abe

Inquiries:

Executive Officer, Department Manager ofAccountingMasaharu Sugita

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

November 13, 2018–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

03-6741-5880(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Non-consolidated financial results for the six months ended September 30, 2018 (from April 1, 2018 to September 30, 2018)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Six months ended September 30, 2018
Six months ended September 30, 2017

Millions of yen
1,673
1,649

Operating profit% Millions of yen
1.5
345
6.1
331

Earnings per share

Profit% Millions of yen
4.1
219
30.4
210

%
4.7
31.0

Diluted earnings per share

Yen
34.46
32.97

Six months ended September 30, 2018
Six months ended September 30, 2017

Ordinary profit% Millions of yen
4.1
345
34.2
331

Yen
34.01
32.48

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
2,8852,677

As of September 30, 2018
As of March 31, 2018

Equity ratio

Millions of yen
2,508
2,282%
86.7
85.2

2. Cash dividends
Annual dividends per share

Year ended March 31, 2018Year ending March 31, 2019

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
0.00
0.00

Yen–

Yen
0.00

Yen
0.00

–

0.000.00

Year ending March 31, 2019 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)
Percentages indicate year-on-year changes
Net sales
Full year

Millions of yen
3,650

Operating profit% Millions of yen
10.4705

Ordinary profit% Millions of yen
8.6696

1Profit% Millions of yen
6.8445

Earnings per share%
6.0

Yen
69.93

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: Yes(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2018

6,384,000 shares As of March 31, 2018

6,373,500 shares– shares As of March 31, 2018

– shares

Number of treasury shares at the end of the period
As of September 30, 2018

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2018

6,381,269 shares Six months ended September 30, 2017

2

6,370,500 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2018

As of September 30, 2018

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

2,128,168
197,762

1,801,766
215,512MerchandiseWork in process

225,227373

215,055
3,678

Supplies
Other81
25,943324
36,622

Allowance for doubtful accounts
Total current assets

(93)

(65)

2,577,463

2,272,893

Non-current assetsProperty, plant and equipment
Land–519,753

Other

26,03527,005

Total property, plant and equipment

26,035546,759

Intangible assets

6,818

5,805

Investments and other assets

66,83660,091

Total non-current assets

99,690612,655

2,677,153

2,885,549

Accounts payable - trade
Income taxes payable

104,942
130,441

105,504
134,919

Provision for bonuses
Other23,212131,077

24,332
107,232

Total assets
Liabilities
Current liabilities

Total current liabilities

389,673

371,988

Non-current liabilities
Asset retirement obligations

5,450

5,454

Total non-current liabilities

5,450

5,454

395,124

377,443

Capital stock
Capital surplus

274,236
224,236

274,939
224,939

Retained earnings

1,783,460

2,003,331

Total shareholders' equity

2,281,932

2,503,210

97

4,895

2,282,029

2,508,105

2,677,153

2,885,549

Total liabilities
Net assets
Shareholders' equity

Share acquisition rights
Total net assets
Total liabilities and net assets

3Non-consolidated statements of income (cumulative)(Thousands of yen)Six months ended

Six months ended

September 30, 2017September 30, 2018

Net sales
Cost of sales

1,649,113
681,685

1,673,037
665,409

Gross profit

967,428

1,007,627

Selling, general and administrative expenses

635,855

662,381

Operating profit

331,573345,246

Commission fee
Other

285
39

255
337

Total non-operating income

324

592

0400

0400

Ordinary profit

331,897

345,438

Profit before income taxes

331,897

345,438

Income taxes

121,839

125,566

Profit210,057

219,871

Non-operating income

Non-operating expenses
Miscellaneous loss
Total non-operating expenses

4Non-consolidated statements of cash flows(Thousands of yen)

Cash flows from operating activities
Profit before income taxes

Six months ended

Six months ended

September 30, 2017

September 30, 2018

331,897

345,438

Depreciation
Increase (decrease) in allowance for doubtful accounts

3,180
(27)

2,371(27)

Increase (decrease) in provision for bonuses
Interest and dividend income

3,550(9)1,120(11)Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories(27,146)(16,858)(17,749)
6,623

Increase (decrease) in notes and accounts payable - trade
Other, net(10,127)(15,787)561(10,699)

Subtotal

268,672

327,626

Interest and dividend income received
Income taxes paid

9(124,510)

11(122,841)

Net cash provided by (used in) operating activities

144,170

204,796

Cash flows from investing activities
Purchase of property, plant and equipment(2,837)(532,341)

Purchase of intangible assets
Payments for lease and guarantee deposits

(124)
––
(264)

(2,961)(532,605)

–

1,407

–

1,407

Net cash provided by (used in) investing activities
Cash flows from financing activitiesProceeds from exercise of share options
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents

141,209(326,402)

Cash and cash equivalents at beginning of period

1,714,500

2,128,168

Cash and cash equivalents at end of period

1,855,709

1,801,7665