Summary of Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending May 31, 2018
(From June 1, 2017 to November 30, 2017)[Japanese GAAP]
December 28, 2017
Company Name:ERI Holdings Co., Ltd.
Listing Exchanges: First section of the Tokyo Stock Exchange
Securities Code:6083
URL: http://www.h-eri.co.jp/
Representative:
Akiyo Masuda, President and COO
For Inquiries, Contact:
Shigeru Kato, Executive Officer, Head of Finance and Accounting GroupTEL:(03)5770-1520
Planned Date for Submission of Quarterly Securities Report: December 28, 2017
Planned Starting Date for Dividend Payments:
January 31, 2018
Supplementary documents for financial results:
Yes
Financial Results briefing:
Yes (for institutional investors and securities analysts)(Amounts are rounded down to the nearest million yen)

1. Consolidated Results for the Second Quarter of the Fiscal Year Ending May 31, 2018 (June 1, 2017 – November 30, 2017)(% indicates year-on-year change)(1) Consolidated Financial Results (Cumulative)
Net Sales

Operating Profit

million yen％

million yen％million yen％millions yen％21452.7

12049.4

140(58.5)80(60.7)

FY 5/2018 Q2

5,818

3.8

20653.2

FY 5/2017 Q2

5,605(5.4)

135(58.7)(Note) Comprehensive Income

Profit Attributable toOwners of Parent

Ordinary Profit

FY 5/2017 Q2: 80 million yen (-60.6%)

FY 5/2018 Q2: 120 million yen (48.9%)
DilutedEarnings per Share

Earnings per Shareyenyen

FY 5/2018 Q2

15.42–

FY 5/2017 Q2

10.32–(2) Consolidated Financial Position
Net Assets

Total Assets

Shareholders’ Equity Ratio

million yen

million yen％

FY 5/2018 Q2

6,235

2,303

36.8

FY 5/2017

4,109

2,29855.8(Reference) Shareholders’ Equity

FY 5/2018 Q2: 2,296 million yen

FY 5/2017: 2,293million yen

2. Dividends
Dividends per Share
End of Q1

End of Q2yen

End of Q3

Fiscal Year EndAnnualyenyenyenyen

–

15.00

30.00

–

15.00

30.00

FY 5/2017

–

15.00

FY 5/2018

–

15.00

FY 5/2018(Forecast)(Note) Revisions to dividend forecasts published most recently: None

3. Consolidated Results Forecasts for the Fiscal Year Ending May 31, 2018 (June 1, 2017– May 31, 2018)(% indicates year-on-year change)

Net Sales

FY 5/2018

Operating ProfitProfit Attributable toOwners of Parent

Ordinary Profit

Earnings
per Share

million yen％million yen％million yen％million yen％yen

13,144

15.7

595

105.3

601

63.7

360

69.2

45.98

(Note) Revisions to performance forecasts published most recently: None* Notes(1) Changes in significant subsidiaries during the term under review (changes in subsidiaries via share exchange causing a change
in the scope of consolidation): Yes
Newly added: 1(Name) Jyutaku Seinou Hyouka Center., Ltd.
(2) Adoption of accounting treatment unique to the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies associated with the revision of accounting standards, etc.:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatement:(4) Number of shares issued (common stock)(i) Shares Outstanding (incl. treasury stock):(ii)

Treasury Stock:(iii) Average Number of Shares Outstanding

FY 5/2018 Q2
FY 5/2017
FY 5/2018 Q2
FY 5/2017
FY 5/2018 Q2FY 5/2017 Q2

None
None
None
None

7,832,400 shares
7,832,400 shares
83 shares
83 shares
7,832,317 shares
7,832,317 shares*This report is not audited.
* Cautionary statement with respect to forward-looking statements, and other information.
The performance projections in this report are the forecast based on currently available information and significantly includes uncertainty.
Actual result may differ materially from thee projections due to cvarious reasons.

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2018
ERI Holdings Co., Ltd. (Securities Code 6083)

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Unit: thousand yen)Previous fiscal year
(As of May 31, 2017)
AssetsCurrent assets
Cash and deposits
Accounts receivable-trade
Work in process
Deferred tax assets
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
Guarantee deposits
Deferred taxes assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

The second quarter ofthe reporting fiscal year
(As of November 30, 2017)

2,104,272
500,153
352,884
182,216
116,766(241)
3,256,052

2,695,736
767,046
456,461
311,615
121,993(52)
4,352,801

153,648398,263

58,946
161,756
220,702686,724
275,341
962,065

417,843
34,066
26,824(81)
478,653853,004
4,109,057

1,703
437,015
55,11928,406(97)522,147
1,882,476
6,235,277

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2018
ERI Holdings Co., Ltd. (Securities Code 6083)(Unit: thousand yen)Previous fiscal year
(As of May 31, 2017)
Liabilities
Current liabilities
Short-term loans payable
Accounts payable - otherAccrued expenses
Income taxes payable
Deferred tax liabilities
Advances received
Other
Total current liabilities
Non-current liabilities
Net defined benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Non-controlling interests
Total net assets
Total liabilities and net assets

The second quarter ofthe reporting fiscal year
(As of November 30, 2017)

186,417598,547
61,685
1,181
656,522
117,382
1,621,736

1,284,000
503,018
759,431104,203884,669
156,553
3,691,876

86,076
72,27330,917
189,266
1,811,002

109,291
90,32339,956
239,570
3,931,446

992,784
26,304
1,274,049(70)
2,293,067
4,986
2,298,054
4,109,057

992,784
26,304
1,277,368(70)
2,296,386
7,445
2,303,831
6,235,277

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2018
ERI Holdings Co., Ltd. (Securities Code 6083)(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(Unit: thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income of insuranceCommission fee
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Miscellaneous loss
Total non-operating expenses
Ordinary profit
Extraordinary lossesLoss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

The second quarter ofthe previous fiscal year
(From June 1, 2016
to November 30, 2016)
5,605,546
4,025,078
1,580,467
1,445,349
135,117

The second quarter ofthe reporting fiscal year
(From June 1, 2017
to November 30, 2017)
5,818,401
4,146,204
1,672,197
1,465,230
206,96614
4,667901968
6,552

41
6,491
829
1,480
8,842

888
128
1,017
140,652

987
70
1,058
214,751536
536
140,11655,802
3,669
59,47180,645(210)
80,855

214,751
93,0691,615
94,684
120,066(736)
120,803

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2018
ERI Holdings Co., Ltd. (Securities Code 6083)

Quarterly Consolidated Statements of Comprehensive Income(Unit: thousand yen)

ProfitOther comprehensive income
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable toowners of parent
Comprehensive income attributable tonon-controlling interests

The second quarter ofthe previous fiscal year
(From June 1, 2016
to November 30, 2016)
80,645The second quarter ofthe reporting fiscal year
(From June 1, 2017
to November 30, 2017)
120,066

80,645120,066

80,855

120,803

(210)

(736)

Summary of Financial Results for Second Quarter of the Fiscal Year Ending May 31, 2018
ERI Holdings Co., Ltd. (Securities Code 6083)(3) Quarterly Consolidated Statements of Cash Flows(Unit: thousand yen)

The second quarter ofthe previous fiscal year
(From June 1, 2016
to November 30, 2016)
Cash flows from operating activities
Profit before income taxes
Depreciation
Interest income
Interest expenses
Loss on retirement of non-current assets
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in advances received
OtherSubtotal
Interest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activitiesCash flows from investing activities
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Purchase of non-current assets
Payments for guarantee deposits
OtherNet cash provided by (used in) investing activities
Cash flows from financing activities
Increase (decrease) in short-term loans payable
Cash dividends paid
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

The second quarter ofthe reporting fiscal year
(From June 1, 2017
to November 30, 2017)

140,116
38,721
(14)
888
536

214,751
45,631(41)
987-(96,728)(66,761)(59,247)
27,307(7,187)130,037(32,560)
141,869
16(888)(174,754)(33,757)(34,681)3,016
490
82,52813,530259,45143(1,099)(63,835)
194,559-(120,690)(85,468)(16,489)(1,603)(103,561)(46,713)(841)(1,557)(169,802)(116,950)(116,950)(254,269)
2,336,808
2,082,538

684,000(117,293)
566,706
591,464
2,103,670
2,695,135