July 31, 2019

Consolidated Financial Results(Japanese Accounting Standards)
for the 1st Quarter of FY 2019
UNITED, Inc.
Tokyo Stock Exchange
2497
http://united.jp/Tomonori Hayakawa, CEO
Takahiro Fukushima, General Manager, Corporate Administration Division
Tel. +81-3-6821-0000
Scheduled date for filing of quarterly securities report:
July 31, 2019
Scheduled date of commencement of dividend payment:―
Supplementary documents for quarterly results:
YES
Quarterly results briefing:
YES(For securities analysts and institutional investors)
Company name:
Stock exchange listing:Stock code:
URL:
Representative:
Contact:(Amounts of less than one million yen are rounded down)
1.Consolidated Financial Results for the 1st Quarter of FY 2019 (April 1, 2019 - June 30, 2019)(Percentages show year-on-year changes)(1) Consolidated Results of Operations (Accounting Total)
Net sales

1st Quarter of FY 2019
1st Quarter of FY 2018
(Note) Comprehensive income :1st Quarter of FY 2019
1st Quarter of FY 2018

Operating income

Profit attributable toowners of parent

Ordinary income

Mil.¥
6,083
15,662Mil.¥Mil.¥
％％％
1,694
1,662
△61.2
△86.3
△86.5
381.212,349―
12,343―△4,663 million yen ( - %) for the 1st Quarter of FY 2019
41,039 million yen ( - %) for the 1st Quarter of FY 2018
Diluted earnings
Earnings
per shareper share
YenYen33.44
33.44
361.53358.31

Mil.¥
764
8,317

(2) Consolidated Financial Position
Total assets

Net assets

Mil.¥
1st Quarter of FY 201945,264(As of June 30, 2019)
Fiscal Year 201857,230(As of March 31,2019)(Reference) Capital : June 30, 2019 : 33,548 million yen

Equity ratio
Mil.¥

％

33,74174.1

40,10069.7

March 31, 2019 : 39,867 million yen

2.Dividend Per Share
Record date

End of 1st End of 2nd End of 3rdquarter
quarterquarter
Yen
Yen
Yen―
24.00
―
―End ofperiod
Yen
37.00

Annualdividend
Yen
61.00

Fiscal Year 2018
Fiscal Year 2019
Fiscal Year 2019――――
(expected)(Note) Revisions of the forecasts of consolidated results since the latest announcement : None

3.Consolidated Earnings Forecast for Fiscal Year Ending March 2020 (April 1,2019 to March 31,2020)
The consolidated earnings forecast for this period has not been included due to difficulties conducting reasonablecalculations of the earnings forecast.

％△90.8―

*Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation) : Yes
Newly consolidated subsidiaries : None
Subsidiaries excluded from consolidation : COINAGE, Inc.
(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:

NoneNone
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, 2019:23,671,845 shares
As of March 31, 2019:23,671,845 shares(ii) Number of treasury stock at end of period
As of June 30, 2019:
1,167,045 shares
As of March 31, 2019:
622,995 shares(iii) Average number of shares outstanding during the term
1st Quarter of FY 2019:22,854,282 shares
1st Quarter of FY 2018:
23,006,685 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, 2019.
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 2019
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 assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Income taxes payable
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Deferred tax liability
Total non-current liabilities
Total liabilitiesNet 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)FY2018(As of March 31, 2019)

1st Quarter of FY2019(As of June 30, 2019)

AmountAmount8,822,421
1,781,226
39,190,609
70,644
1,344,506(5,383)
51,204,024

5,607,000
1,593,523
31,501,021
119,801
865,833(4,736)
39,682,442

544,967

528,084

4,125,545
432,269
4,557,814
923,305
6,026,088
57,230,112

3,861,785
323,624
4,185,409
868,555
5,582,050
45,264,493

1,414,107
100,000
187,468－
3,946,314
30,251
917,577
6,595,718

1,144,652
100,000
179,968
50,000338,475
25,928944,101
2,783,124－
334,758
10,198,960
10,533,718
17,129,436

200,000
290,391
8,248,999
8,739,390
11,522,515

2,923,019
2,385,813
10,954,274(892,077)
15,371,029

2,923,019
2,343,346
10,865,750(1,659,981)
14,472,134

24,501,737(5,216)24,496,520
180,165
52,95940,100,675
57,230,112

19,085,725(9,809)19,075,916
193,927－
33,741,97845,264,493

(2) UNITED Consolidated Statements of Income
for the 1st Quarter of FY 2019
Items of an account

1st Quarter of FY2018(April 1, 2018
to June 30, 2018)
AmountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
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
Extraordinary income
Gain on reversal of share acquisition rights
Gain on liquidation of subsidiaries and affiliates
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Impairment loss
Burden charge payment
Office transfer expenses
Other
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent(Unit : Thousands of Yen)
1st Quarter of FY2019(April 1, 2019
to June 30, 2019)
Amount15,662,588
2,200,151
13,462,436
1,112,812
12,349,624

6,083,319
3,062,491
3,020,827
1,326,568
1,694,259

0－
3,358
3,358

－
901
3,943
4,845

400
565
4,215
4,072
9,253
12,343,729

1,305
16,764
9,002
9,086
36,158
1,662,94577
42,19442,272－－－60,000174,463－－－
1,757
236,220
12,149,780
3,874,427(387)
3,874,039
8,275,740(41,792)
8,317,533

150－
99,16648,284
7,067
5,096
159,765
1,503,180
316,467
429,972
746,439756,740(7,542)
764,283(3) UNITED Consolidated Statements of Comprehensive Income
for the 1st Quarter of FY 2019
Items of an account

1st Quarter of FY2018(April 1, 2018
to June 30, 2018)
AmountProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests(Unit : Thousands of Yen)
1st Quarter of FY2019(April 1, 2019
to June 30, 2019)
Amount8,275,740

756,740

32,788,959(25,680)
32,763,278
41,039,019(5,416,011)(4,592)(5,420,604)(4,663,864)

41,080,812(41,792)(4,656,321)(7,542)