November 4, 2015

Consolidated Financial Results(Japanese Accounting Standards)
for the 2nd Quarter of FY 2015
Company name:
Stock exchange listing:Stock code:
URL:
Representive:
Contact:

UNITED, Inc.
Tokyo Stock Exchange2497

http://united.jp/

Tomonori Hayakawa, CEO
Ryohei yamazaki, Corporate Officer, Corporate Administration Division
Tel. +81-3-6821-0000
Scheduled date for filing of securities report:
November 5, 2015
Scheduled date of commencement of dividend payment: December 4, 2015
Supplementary documents for quarterly results:
YES
Quarterly results briefing:
YES(For securities analyst and institutional investors)(Amounts of less than one million yen are rounded to the nearest million yen)

1.Consolidated Financial Results for the 2nd Quarter of FY 2015 (April 1, 2015 - September 30, 2015)(Percentages show year-on-year changes)(1) Consolidated Results of Operations (Accounting Total)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Mil.¥
％
Mil.¥
％
Mil.¥
％
Mil.¥
％
2nd Quarter of FY 2015
5,084
28.3
1,121611.5
1,245602.2
1,036
788.8
2nd Quarter of FY 2014
3,96145.4
157―
177―116―(Note)Comprehensive income:
1,239 million yen ( 407.5 %) for the 2nd Quarter of FY 2015
244 million yen ( - %) for the 2nd Quarter of FY 2014
Earnings
Diluted earnings
per shareper share
YenYen43.94
43.90
2nd Quarter of FY 2015
4.96
4.93
2nd Quarter of FY 2014
(2) Consolidated financial position
Total assets
Mil.¥
2nd Quarter of FY 2015
10,470(As of September 30,2015)
Fiscal Year 2014
9,798
(As of March 31,2015)(Reference) Capital: September 30, 2015: 8,834 million yen

Net assets

Equity ratio

Mil.¥％

8,848

84.4

8,16083.1

March 31, 2015: 8,147 million yen

2.Dividend per share
Record date

End of 1st End of 2nd End of 3rdquarter
quarterquarter
Yen
Yen
Yen
―
1.00
――
9.00

End ofperiod
Yen
4.00

Annualdividend
Yen
5.00

Fiscal Year 2014
Fiscal Year 2015
Fiscal Year 2015―――
(expected)
Note: Revisions of the forecasts of consolidated results since the latest announcement: Yes

3.Consolidated ernings forecast for fiscal year ending March 2016 (April 1,2015 to March 31,2016)(Percentages show year-on-year changes)
Net sales
Operating incomeMil.¥％Mil.¥％11,500～13,500
38.0～62.0
1,500～2,000
304.3～439.1
Fiscal Year 2015
Note: Revisions of the forecasts of consolidated results since the latest announcement: None*Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):None(2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statement:None(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies caused by revision of accounting standard:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatement:

Yes
None
None
None

(4) Number of shares outstanding (common stock):(i) Number of shares outstanding at end of period (including treasury stock)
As of September 30, 2015:
23,668,761 shares
As of March 31, 2015:
23,595,136 shares(ii) Number of treasury stock at end of period
As of September 30, 2015:
367,311 shares
As of March 31, 2015:
7,311 shares(iii) Average number of shares outstanding during the term
2nd Quarter of FY 2015:
23,588,287 shares
2nd Quarter of FY 2014:
23,502,768 shares*Status of a quarterly review- This financial summary does not need to undergo a quarterly review under the Financial Instruments an Exchange Act.
Procedures for a quarterly review of the consolidated financial statements are being followed at the time of
the announcement of this financial summary.
*Explanations and other special notes concerning the appropriate use of business performance forecasts- The forward-looking statements such as result forecasts included in this document are based on the information available to
the Company at the time of the announcement and on certain assumptions considered resonable, and the Company makes norepresentations as to their achievability. Actual results may differ materially from the forecast depending on a range of factors.
- We will hold a quarterly results briefing for institutional investors and analyst on November 5, 2015.
For material that are distributed in this briefing, it will be posted on our website.

UNITED Consolidated Financial Statements(1)UNITED Consolidated Balance Sheets(Unit:Thousands of Yen)
Items of an accountAssets
Current 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
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Income taxes payable
Provision for point card certificates
Other
Total current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stockCapital 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
Non-controlling interests
Total net assets
Total liabilities and net assets

FY2014(As of March 31,2015)

2nd Quarter of FY2015(As of September 30,2015)

AmountAmount5,878,970
1,452,054
1,718,220
45,212
115,322-6,686
9,203,094

5,319,634
1,166,018
2,559,587
55,099641,149-4,621
9,736,867

76,253

164,961

5,428
110,960
116,389
403,084595,727
9,798,822

50,914125,358
176,273
392,674
733,909
10,470,777

1,109,457
100,000
99,821
36,748292,472
1,638,500
1,638,500

931,534
100,000
272,438
32,495286,306
1,622,775
1,622,775

2,907,584
3,024,300
1,986,456-2,818
7,915,523

2,921,557
3,038,273
2,928,548-500,930
8,387,449

192,500
39,243
231,743
12,658395
8,160,321
9,798,822

408,371
39,022447,393
5,756
7,402
8,848,002
10,470,777

(2)UNITED Consolidated Statements of Income

Items of an accountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Share issuance costs
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on change in equity
Gain on sales of shares of subsidiaries and associates
Gain on reversal of subscription rights to shares
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on liquidation of subsidiaries and associates
Office transfer expenses
Total extraordinary losses
Income before income taxes and non-controlling interests
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent(Unit:Thousands of Yen)
2nd Quarter of FY2015(April 1,2015
to September 30,2015)
Amount2nd Quarter of FY2014(April 1,2014
to September 30,2014)
Amount3,961,549
2,959,443
1,002,105
844,549
157,555

5,084,153
2,970,140
2,114,012
992,985
1,121,026

1,477
0
20,031
2,326
23,8354,021
1122,084
3,367
129,476

740
1,353
1,887
3,981
177,409

709
2,397
1,568
4,674
1,245,828

53
53

947
60,713894
62,554

2,272
37,69539,968137,495
22,45822,458115,037-1,570116,607199
18,7062,930
21,835
1,286,546
251,040
11,593
262,634
1,023,911-12,531
1,036,443

(3)UNITED Consolidated Statements of Comprehensive Income

Items of an accountProfit
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 non-controlling interests

2nd Quarter of FY2014(April 1,2014
to September 30,2014)
Amount(Unit:Thousands of Yen)
2nd Quarter of FY2015(April 1,2015
to September 30,2015)
Amount115,037

1,023,911

98,35331,287-429
129,211244,248

186,893-220
28,996215,669
1,239,581

242,660
1,588

1,252,093-12,512

(4)UNITED Consolidated statements of cash flows

Items of an accountCash flows from operating activities
Income before income taxes and non-controlling interests
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for point card certificatesInterest and dividend income
Interest expenses
Share of (profit) loss of entities accounted for using equity method
Loss (gain) on sales of shares of subsidiaries and associates
Loss on liquidation of subsidiaries and associates
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in investment securities for sale
Increase (decrease) in notes and accounts payable - trade
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of shares of subsidiaries and associates
Purchase of shares of subsidiaries resulting in change in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of long-term loans payable
Proceeds from issuance of subscription rights to shares
Proceeds from exercise of subscription rights to share
Payments of money hold in trust for purchase of treasury stock
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

2nd Quarter of FY2014(April 1,2014
to September 30,2014)
Amount(Unit:Thousands of Yen)
2nd Quarter of FY2015(April 1,2015
to September 30,2015)
Amount137,495
29,2091,238-327-9,326-1,477740-20,031
37,695-62,832-95,489
252,823-105,511
164,206
1,281-618-38,386
126,482

1,286,546
35,3945,360-2,064-4,252-4,023709-122,084-60,713
18,706291,208-419,740-177,922-160,748
686,375
4,174-647-79,593
610,309-3,600,000
2,600,000-2,638-23,555-459,090-4,837-1,490,122-3,400,000
3,400,000-107,176-34,91580,000-29,573-4,189-95,855-530
5,100
399,640-22,787-410
381,01233,746-948,881
2,496,046
1,547,165

21,937-1,002,160-93,098-1,073,320-469-559,336
2,478,970
1,919,634