This is an English translation of the official announcement in Japanese that was released on May 13, 2015. The translation is prepared for the readers’convenience only. All readers are strongly encouraged to refer to the original Japanese version for more complete and accurate information. Should
there be any inconsistency between the translation and the official Japanese text, the latter shall prevail.

Consolidated Financial Results
For the First Quarter of the Fiscal Year Ending December 31, 2015
Company name: B-Lot Company Limited
Stock listing: TSE Mothers Section
Ticker code: 3452
URL: http://www.b-lot.co.jp/Representative: Makoto Miyauchi, President
Contact: Yoshimi Endo, Corporate Officer
Phone: +81-3-6891-2525
Submission of Quarterly Securities Report (Shihanki-Houkokusho): May 13, 2015 (scheduled)
Commencement of dividend payments:
Preparation of supplementary materials for quarterly financial results: No
Holding of quarterly financial results meeting: No(Note: All amounts have been rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Quarter Ended March 31, 2015.
（January 1, 2015 to March 31, 2015）
1) Consolidated Operating Results (cumulative)Revenue(Percentages indicate year-on-year changes)
Ordinary income
Profit for the period

Operating profit(¥ million)%(¥ million)%(¥ million)%(¥ million)%

The first quarter ended
March 31, 2015

2,858

―367

―

339

―

218

―

The first quarter ended
March 31, 2014

―

―

―

―

―

―

―

―

Note: Comprehensive income was 218 million yen for the first quarter ended March 31, 2015

Diluted earnings per share

Basic earnings per share
The first quarter ended March 31, 2015
The first quarter ended March 31, 2014

(¥)

(¥)

66.17

60.42

―

―Note 1: Consolidated financial statement was made from the first quarter ending December 31, 2015.
Note 2: Although the Company conducted a three-for-one share split for its common stock on April 16, 2015, the basic earnings per share is
calculated on the assumption that the share split was conducted at the beginning of the fiscal year under review.

2) Consolidated Financial Position
Total assets
As ofMarch 31, 2015
As ofDecember 31, 2014

Total equity

Equity ratio

Net assets per share(¥ million)(¥ million)(¥ million)

(¥)

5,722

1,202

21.0

362.26――――Note: Equity ratio was 1,212 million yen for the first quarter ending December 31, 2015.

2. Dividends
Annual dividends per share
1Q-end2Q-end(¥)――

Fiscal year ended December 31, 2014
Fiscal year ending December 31, 2015
Fiscal year ending December 31, 2015

3Q-end
(¥)

―

0.00
―

(Forecast)Year-end(¥)―

Total(¥)

(¥)

0.00

0.00

―

―

Note:
1. Revision to the most recently released earnings forecasts: No
2. In its articles of incorporation, the Company sets the record date for dividends on the last day of the second quarter and the last day of the fiscal year.
At the current moment, however, the expected amount of dividends on the record date at the end of the fiscal year has yet to be determined.

3. Consolidated Earnings Forecasts for the Fiscal Year Ending December 31, 2015
(December 1, 2014 to November 30, 2015)
Revenue
Fiscal year ending
December 31, 2015

Operating profit

Profit before tax(¥million)%(¥million)%(¥million)

%

5,401

45.6

509

34.7

430

45.8

Profit attributable toowners of the parent(¥million)
%

250

41.8

Basic earningsper share(¥)

228.80Note:
1. Revision to the most recently released earnings forecasts: No
2. During the consolidated accounting period of the first quarter, B-Lot established “B-Lot Asset Management,” a subsidiary that is 100% owned by
B-Lot Co., Ltd. The Company prepared quarterly consolidated financial statements from the first quarter of the fiscal year under review, but it did notconduct any comparative analysis with the quarterly consolidated financial statements from 2014.

*Notes1. Changes in significant subsidiaries during the period (changes in specified subsidiaries that resulted in changes inthe scope of consolidation): No
Newly added: –Excluded: –2. Accounting treatment and special accounting treatments for quarterly consolidated financial statements: No
3. Changes in accounting policies and changes in accounting estimates(a)Changes in accounting policies: No(b)Changes in accounting policies due to other reasons: No(c)Changes in accounting estimates: No(d)Changes or restatement of accounting estimates: No4）Number of issued shares (ordinary shares)(a)Number of issued shares at the end of the period (including treasury shares)
As of December 31, 20153,319,500 shares
3,283,500 shares
As of December 31, 2014(b)Number of treasury shares at the end of the period
As of December 31, 2015――

As of December 31, 2014(c)Average number of outstanding shares during the period (cumulative)
As of December 31, 2015

3,295,900 shares

As of December 31, 2014

1,710,000 shares

Note 1: Although the Company conducted a three hundred-for-one share split for its common stock on August 20, 2014, the number of share(common stock) is calculated on the assumption that the share split was conducted at the beginning of the previous fiscal year under review.
Note 2: Although the Company conducted a three-for-one share split for its common stock on April 16, 2015, the number of share (common stock)is calculated on the assumption that the share split was conducted at the beginning of the previous fiscal year under review.

*Information on implementation of quarterly review proceduresThis quarterly financial results report is excluded from the scope of the quarterly review procedures stipulated in the Financial Instruments andExchange Act. At the time this quarterly financial results report was disclosed, the review procedures for quarterly consolidated financial statements
stipulated in the Financial Instruments and Exchange Act had already been completed.

*Proper use of earnings forecasts and other notes

In association with the establishment of B-lot Asset Management Co., Ltd., the Company prepares the quarterly consolidated
financial statements from the first three months of the fiscal year under review. The forward-looking statements, including outlook offuture performance, contained in these materials are based on information currently available to the Company and on certain
assumptions deemed to be responsible by the Company. Actual performance and other results may differ from these statements due tovarious factors. For the assumptions on which the earnings forecasts are based and cautions concerning the use, please refer to“Qualitative Information on Quarterly Consolidated Financial Performance (1) Qualitative Information Regarding Operating Results”
on page 2 of the attached materials.

Attached Materials
1. Qualitative Information on Quarterly Consolidated Financial Performance…….....2(1) Qualitative Information Regarding Operating Results(2) Qualitative Information Regarding Financial Positions(3)Qualitative Information Regarding the Consolidated Earnings Forecast

2. Matters Related to Summary Information (Notes)………………………………………3(1) Changes in Significant Subsidiaries during the Period(2) Special Accounting Methods for Preparing the Quarterly Consolidated Financial Statements(3) Changes in the Accounting Policy / Changes in Accounting Estimates and Modified Restatement

3. Overview of Important Information on Going Concern Assumptions…………………………3
4. Quarterly Consolidated Financial Statements…………………………………………………...4(1) Quarterly Consolidated Balance Sheets(2) Quarterly Consolidated Profit and Loss Statement and Consolidated Statements of Comprehensive Income…...........6Quarterly Consolidated Profit and Loss Statement
The first quarter ended March 31, 2015
Consolidated Statements of Comprehensive Income
The first quarter ended March 31, 2015………………………………….……………………………..7(3) Notes to Quarterly Consolidated Financial Statements……………….………………………….….8(Notes on Going Concern Assumptions)(Notes on Significant Changes in the Amount of Shareholders' Equity)(Segment Information, etc.)(Notes on Important Subsequent Events)………………………………………………………….…………..91

1. Qualitative Information on Quarterly Consolidated Financial Performance
In association with the establishment of B-lot Asset Management Co., Ltd., a wholly owned subsidiary of theCompany, the Company prepares the quarterly consolidated financial statements from the first three months of thefiscal year under review. Therefore, the Company does not conduct a comparative analysis with the same period of theprevious fiscal year.

(1) Qualitative Information Regarding Operating Results
Operating Results for the Period
During the first quarter ended March 31, 2015, the Japanese economy experienced a modest recovery. This economic
recovery was spurred by the weakening yen, rising stock prices, and improvements in corporate performance,
particularly among major companies, despite concerns over the risks of an economic downturn overseas.
The favorable financing environment helped to re-vitalize the real estate market in the industry in which B-lotoperates.
Competition in purchases also intensified further due to an increase in foreign investors from Asia and other regions.
These developments lead to an upward trend in the real estate industry.
As a result, consolidated revenue for the three months ended March 31, 2015 was ¥2,858,342 thousand, operating
profit was ¥367,199 thousand, and ordinary profit was ¥339,971 thousand. Net profit for the period was ¥218,092thousand.
The performance by business segment is shown as follows:

Real Estate Investment and Development Business
The segment acquired four properties and sold five properties. The five properties sold consisted of one
housing-related real estate property, three retail/office floors, and one land lot. There were eleven properties ininventory for the consolidated accounting period of the first quarter.
As a result, consolidated revenue for the three months ended March 31, 2015 was ¥ 2,739,259 thousand, and segment
profit was ¥428,299 thousand.

Real Estate Consulting BusinessIn the Real Estate Consulting Business, contracts were concluded for a series of projects in Hokkaido and Kyushu.
The number of properties mediated in the brokerage business stood at four.
There was total of four contracts with two in Hokkaido and two in Kyushu.
As a result, consolidated revenue for the three months ended March 31, 2015 was ¥19,580 thousand, segment profit
was ¥76thousand.

Real Estate Management BusinessIn the Real Estate Management Business, the number of buildings under management in the real estate owned byclients stood at 37. The breakdown of the areas where buildings were under management is as follows: 16 buildings inKanto, 12 buildings in Hokkaido, and 9 buildings in Kyushu.
As a result, consolidated revenue for the three months ended March 31, 2015 was ¥ 99,501thousand, and segment
profit was ¥46,893 thousand.

(2) Qualitative Information Regarding Financial Positions
1. Conditions of assets
Total assets for the first quarter ended March 31, 2015 were ¥5,722,353 thousand.
2. Conditions of liabilities
Total liabilities amounted to ¥4,519,817 thousand for the first quarter ended March 31, 2015.
3. Conditions of total assets
Consolidated net assets for the first quarter ended March 31, 2015 were ¥1,202,536 thousand.
(3) Qualitative Information Regarding the Consolidated Earnings Forecast
In regards to the consolidated earnings forecast, as announced in the “Notice Regarding the Establishment of a 100%
owned Subsidiary,” on February 13, 2015 we established B-lot Asset Management Co., Ltd., a company that handles
the asset management business of real estate, and have made it a wholly owned subsidiary. Although we disclosed ourearnings forecast on a non-consolidated basis on February 13, 2015, the earnings forecast is presented on a consolidated
basis in this document.

22. Matters Related to Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Period
There were no changes in the specified subsidiaries that accompany a change in the range of consolidation.
Although this does not fall under a change in specified subsidiaries, we have included B-lot Asset Management Co.,
Ltd. in the range of consolidation from the first three months of the fiscal year under review, reflecting the fact that itwas established during that same period.
(2) Special Accounting Methods for Preparing the Quarterly Consolidated Financial Statements:
No items to report.
(3) Changes in the Accounting Policy / Changes in in Accounting Estimates and Modified Restatement:
No items to report.

3. Overview of Important Information on Going Concern Assumptions
No items to report.

3

4. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets（¥ thousand)As of March 31, 2015
AssetsCurrent assets
Cash and deposit
Accounts receivable
Real estate for sale
Real estate for sale in progress
Deferred tax assets
OthersTotal current assets
Fixed assets
Tangible fixed assets
Properties (Net amount)
OthersTotal current assets
Intangible fixed assets
Lease holdings
OthersTotal intangible fixed assets
Investment properties and others
Total fixed assets
Total assets

1,065,105
13,802
203,598
3,822,748
20,427
328,790
5,454,382

46,116
3,777
49,893
157,119
144
157,264
60,813267,971
5,722,353

4（¥ thousand)As of March 31, 2015Liabilities
Current liabilities
Short term borrowings
869,899
Current portion of long-term borrowings
596,255
Unpaid income tax and other136,255
Provision for bonuses
12,150
Provision for bonuses for directors and corporate auditors 4,800
Provision for after costs
4,969
Others278,903
Total current liabilities
1,903,232
Fixed liabilities
Long term borrowings
2,579,053
Others37,531
Total fixed liabilities
2,616,585
Total liabilities
4,519,817
Net assets
Shareholders' equity
Share capital
408,175
Capital reserves
329,190
Retained earnings465,170
Total equity
1,202,536
Total net assets
1,202,536
Total liabilities and equity
5,722,353

5

(2) Quarterly Consolidated Profit and Loss Statement and Consolidated Statements of Comprehensive Income
Quarterly Consolidated Profit and Loss Statement（¥ thousand)
The first quarter ended March 31, 2015
Revenue
2,858,342
Cost of revenue
2,303,851
Gross profit
554,491
Selling, general and administrative expenses
187,291
Operating profit
367,199
Non-operating profit
Interest income
1,552
Commission income
7
Total of non-operating income
1,559
Non-operating expenses
Interest expense
27,135
Others
1,651
Total of non-operating expenses
28,787
Operating income
339,971
Income before income tax
339,971
Corporate income, inhabitant and enterprise taxes
133,762
Deferred income taxes-11,884
Total of corporate tax
121,878
Income before minority interests
218,092
Profit for the period
218,0926

Consolidated Statements of Comprehensive Income(¥thousand)
The first quarter ended March 31, 2015
Income before minority interests
218,092
Total comprehensive income for the period
218,092(Breakdown)Comprehensive income attributable to owners of the parent 218,092

7

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumptions)
No items to report.
(Notes on Significant Changes in the Amount of Shareholders' Equity)
No items to report.
(Segment Information, etc.)[Segment Information]
The First Quarter Ended March 31, 2015
Information regarding net sales and income or loss by reporting segment

Revenue
Revenue from external customers
Internal sales between individual
segments or amount transfer
Total
Segment profit

Real estate
investment
business

Real estate
consulting
business

2,739,259

19,580――2,739,259
428,299

19,58076Real estate
managementbusiness

Total

99,501 2,858,342――

Amount stated
Adjustment in consolidated(Note 1)statements ofincome(Note 2)―

2,858,342―

99,501 2,858,342―
46,893475,269 -108,070

2,858,342
367,199(Notes)1. The adjustment of minus 108,070 thousand yen posted in the segment income (loss) includes corporate expenses that are notdistributed to each reportable segment.
2. The segment profits are adjusted to the operating income reported on the quarterly consolidated statement of income.

8

(Notes on Important Subsequent Events)(Share Split)
In accordance with the resolution made at the Board of Directors meeting held on March 16, 2015, we decided
to conduct a share split, effective as of April 16, 2015.
1. Purpose of Conducting Share Split
The purpose of the share split share split is to improve the liquidity of the Company’s stocks andexpand its investor base by reducing the price of the share-trading units.
2. Overview of the Share Split(1) Splitting of Share
The Company split the common stock held by those on the list of stockholders and the list of actual
shareholders as of April 15, 2015 at a ratio of 3 shares for each share held.
(2) Increase in the Number of Shares with the Share Split
1. Total number of issued shares before the share split
2. Increased number of shares after the share split
3. Total number of issued shares after the share split
4. Total number of authorized shares after the share split

1,106,500 shares
2,213,000 shares
3,319,500 shares
6,000,000 shares(3) Date of the Share Split
1. Date Announced: March 31, 2015
2. Date of Criteria: April 15, 2015
3. Effective Date: April 16, 2015
(4) Adjustment of Stock Acquisition Rights
Associated with the share split, the exercise price of stock acquisition rights was adjusted at thesame time as when the stock acquisition rights came into force on April 26, 2015, as describedbelow.
1st stock acquisition rights
3rd stock acquisition rights
4th stock acquisition rights

Strike price before adjustment

¥567
¥567
¥710

Strike price after adjustment

¥189
¥189
¥237

(Establishment of important subsidiary)
The company decided at a Board of Directors meeting held on May 13, 2015 to establish asubsidiary. The details regarding this subsidiary are provided below.
1. Purpose of Establishment
There has been increased activity in the area of real estate investments outside Japan in recentyears. B-Lot decided to establish a subsidiary in Singapore to uncover new business opportunities,
and to develop new clients in the real estate investment business and real estate consultingbusiness.
2. Overview of the Subsidiary(1) Company name: B-Lot Singapore Pte., Ltd.
(2) Location: Singapore(3) Executive: Managing Director Shinichi Hasegawa (Executive of B-lot)(4) Details of business: Real estate consulting business(5) Capital: SGD 500,000 (not fixed)(6) Capital structure: B-lot holds 100% of the shares(7) Date of Establishment: May 15, 20159