July 31, 2017

Consolidated Financial Results(Japanese Accounting Standards)
for the 1st Quarter of FY 2017
Company name:
Stock exchange listing:Stock code:
URL:
Representative:
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 quarterly securities report:
July 31, 2017
Scheduled date of commencement of dividend payment:―
Supplementary documents for quarterly results:
YES
Quarterly results briefing:(For securities analysts and institutional investors)YES(Amounts of less than one million yen are rounded down)

1.Consolidated Financial Results for the 1st Quarter of FY 2017 (April 1, 2017 - June 30, 2017)(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.¥
％
1st Quarter of FY 2017
3,254
3.8
321―
320―
192
―
1st Quarter of FY 2016
3,135
57.4
△65―
△78―
△72―
(Note)Comprehensive income:
148 million yen ( - %) for the 1st Quarter of FY 2017△349 million yen ( - %) for the 1st Quarter of FY 2016
Earnings
Diluted earnings
per shareper shareYenYen
8.37
8.34
1st Quarter of FY 2017
△3.13―
1st Quarter of FY 2016
(2) Consolidated Financial Position
Total assets
Mil.¥
1st Quarter of FY 2017
11,558(As of June 30,2017)
Fiscal Year 2016
12,116(As of March 31,2017)(Reference) Capital: June 30, 2017: 9,468 million yen

Net assets

Equity ratio

Mil.¥％

9,536

81.9

9,551

78.4

March 31, 2017: 9,504 million yen

2.Dividend Per Share
Record date

End of 1st End of 2nd End of 3rdquarter
quarterquarter
Yen
Yen
Yen
―
0.00
――

End ofAnnual
perioddividend
Yen
Yen
8.00
8.00

Fiscal Year 2016
Fiscal Year 2017
Fiscal Year 2017――――
(expected)
Note: Revisions of the forecasts of consolidated results since the latest announcement: None
3.Consolidated Earnings Forecast for Fiscal Year Ending March 2018 (April 1,2017 to March 31,2018)
The consolidated earnings forecast for this period has not been included due to difficulties conducting reasonablecalculations of the earnings forecast.

*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:

None
None
None
None

(4) Number of shares outstanding (common stock):(i) Number of shares outstanding at end of period (including treasury stock)
As of June 30, 2017:
As of March 31, 2017:

23,670,945 shares
23,670,945 shares(ii) Number of treasury stock at end of period
As of June 30, 2017:
As of March 31, 2017:673,745 shares
673,695 shares(iii) Average number of shares outstanding during the term
1st Quarter of FY 2017:
1st Quarter of FY 2016:

22,997,225 shares
23,015,466 shares*Status of a quarterly review- These Consolidated Financial Results are not subject to quarterly review procedures based on the Financial Instruments and Exchange Act.

*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 reasonable, 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 analysts on August 1, 2017.
For material that are distributed in this briefing, it will be posted on our website.

UNTIED Consolidated Financial Statements(1)UNITED Consolidated Balance Sheets
for the 1st Quarter of FY 2017
Items of an account

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Operational investment securities
Inventories
OtherAllowance 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 assetsLiabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital 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(Unit:Thousands of Yen)FY2016(As of March 31,2017)

1st Quarter of FY2017(As of June 30,2017)

AmountAmount

4,962,339
2,070,220
2,288,072
50,718739,298(20,995)
10,089,654

5,255,436
1,677,793
2,473,434
48,705
160,442(5,020)9,610,791

176,930

177,9091,226,215
202,588
1,428,803
421,294
2,027,028
12,116,683

1,154,199
211,432
1,365,631
403,862
1,947,404
11,558,195

1,382,867
100,000
4,200
363,862
59,457641,085
2,551,472

1,205,532
100,000
4,200
131,646
57,302511,2072,009,889

10,8502,589
13,4392,564,912

9,800
2,372
12,172
2,022,061

2,922,037
3,072,538
3,994,009(964,319)
9,024,265

2,922,037
3,072,538
4,002,430(964,441)
9,032,565

456,769
23,504
480,274
46,774457
9,551,771
12,116,683

411,724
23,932435,656
66,925986
9,536,134
11,558,195

(2)UNITED Consolidated Statements of Income
for the 1st Quarter of FY 2017
Items of an accountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest and dividend income
Gain on forfeiture of unclaimed dividends
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on reversal of subscription rights to shares
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Impairment loss
Total extraordinary losses
Income (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent(Unit:Thousands of Yen)
1st Quarter of FY2017(April 1,2017
to June 30,2017)
Amount

1st Quarter of FY2016(April 1,2016
to June 30,2016)
Amount3,135,462
2,643,390
492,072
557,830(65,758)

3,254,876
2,204,599
1,050,277
728,716
321,561

609
5,692
6,302

0
391
1,143
1,535

356
11,208
5,173
1,912
18,650(78,106)

414
108
854
857
2,234
320,862

-

3,100
0
3,100

624
6,768
7,392
(85,499)
10,400(18,763)(8,362)(77,137)(5,058)(72,078)

3,006
4,200
7,207
316,755
91,31332,054
123,368
193,386986
192,399

(3)UNITED Consolidated Statements of Comprehensive Income
for the 1st Quarter of FY 2017
Items of an account

Profit (loss)
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

1st Quarter of FY2016(April 1,2016
to June 30,2016)
Amount(Unit:Thousands of Yen)
1st Quarter of FY2017(April 1,2017
to June 30,2017)
Amount(77,137)

193,386(262,424)(4,644)(5,142)(272,210)(349,347)(45,045)427(44,617)
148,768(344,308)(5,039)147,781986