Asahi Yukizai : Summary of Consolidated Financial Results for the three months ended June 30 2017（123.4 KB）

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2017 (Based on Japanese GAAP)

Company name: ASAHI YUKIZAI CORPORATION

Stock exchange listing: Tokyo

Stock code: 4216 URL http://www.asahi-yukizai.co.jp Representative: President & Representative Director Koji Fujiwara

General Manager

July 31, 2017

Inquiries:

General Affairs Department

TAKEYUKI FUJIOKA TEL [phone]

Scheduled date to file Quarterly Securities Report: August 8, 2017

Scheduled date to commence dividend payments: - Preparation of supplementary material on quarterly financial results: No Holding of quarterly financial results meeting: No

(Amounts are rounded off to the nearest million yen)

1. Consolidated financial results for the three months ended June 30, 2017 (from April 1, 2017 to June 30, 2017)

2. Consolidated operating results (cumulative) Percentages indicate year-on-year changes

   Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
   Three months ended June 30, 2017 Three months ended June 30, 2016	Millions of yen 10,293 8,938	% 15.2 (10.0)	Millions of yen 358 88	% 308.1 (60.6)	Millions of yen 389 (166)	% - -	Millions of yen 323 (143)	% - -

   Earnings per share	Diluted earnings per share
   Three months ended June 30, 2017 Three months ended June 30, 2016	Yen 3.37 (1.49)	Yen - -

3. Consolidated financial position

   Total assets	Net assets	Equity ratio	Net assets per share
   As of June 30, 2017	Millions of yen	Millions of yen	%	Yen
   	53,783	38,673	71.4	400.72
   As of March 31, 2017	55,040	38,906	70.2	403.26

4. Cash dividends

   Annual dividends per share
   1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   Year ended March 31, 2017	Yen	Yen	Yen	Yen	Yen
   	-	3.00	-	3.00	6.00
   Year ending March 31, 2018	-
   Year ending March 31, 2018 (Forecast)	3.00	-	15.00	-

5. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)

   Percentages indicate year-on-year changes

   Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Earnings per share
   Six months ending September 30, 2017	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	21,000	11.1	850	46.4	900	340.3	650	673.9	6.78
   Full year	44,000	4.7	2,200	6.7	2,100	8.0	1,500	37.5	78.26

6. Notes

7. ) Changes in significant subsidiaries during the three months ended June 30, 2017

   No

   (changes in specified subsidiaries resulting in the change in scope of consolidation):

8. Application of special accounting methods for preparing quarterly consolidated financial statements: Yes

9. ) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: No Changes in accounting policies due to other reasons: No

   Changes in accounting estimates: No

   Restatement of prior period financial statements: No

10. Number of issued shares (common shares)

11. Total number of issued shares at the end of the period (including treasury shares)

    As of June 30, 2017 99,002,000 shares As of March 31, 2017 99,002,000 shares Number of treasury shares at the end of the period

    As of June 30, 2017 3,178,898 shares As of March 31, 2017 3,177,409 shares Average number of shares during the period (cumulative from the beginning of the fiscal year)

    Three months ended June 30, 2017 95,823,908 shares Three months ended June 30, 2016 95,832,528 shares

    Quarterly consolidated financial statements Consolidated balance sheets

    Assets

    Current assets

    (Millions of yen)

    As of March 31, 2017 As of June 30, 2017

    Cash and deposits	7,092	7,396
    Notes and accounts receivable - trade	12,814	11,614
    Electronically recorded monetary claims - operating	2,505	2,115
    Inventories	7,552	7,729
    Other	762	870
    Allowance for doubtful accounts	(36)	(35)
    Total current assets	30,687	29,688

    Non-current assets

    Property, plant and equipment

    Land	6,100	6,085
    Other, net	10,483	10,224
    Total property, plant and equipment	16,583	16,310
    Intangible assets Goodwill	625	613
    Other	366	370
    Total intangible assets	991	983
    Investments and other assets Investment securities	3,717	3,732
    Net defined benefit asset	2,546	2,542
    Other	533	547
    Allowance for doubtful accounts	(18)	(19)
    Total investments and other assets	6,779	6,802
    Total non-current assets	24,352	24,095
    Total assets	55,040	53,783

    Liabilities

    Current liabilities

    Notes and accounts payable - trade	5,188	4,229
    Electronically recorded obligations - operating	2,796	3,162
    Short-term loans payable	375	62
    Income taxes payable	253	131
    Other	3,260	3,322
    Total current liabilities	11,872	10,906
    Non-current liabilities Long-term loans payable	312	273
    Provision for directors' retirement benefits	179	-
    Net defined benefit liability	1,702	1,654
    Other	2,069	2,276
    Total non-current liabilities	4,261	4,203
    Total liabilities	16,133	15,110

    (Millions of yen)

    As of March 31, 2017 As of June 30, 2017

    Net assets Shareholders' equity
    Capital stock	5,000	5,000
    Capital surplus	8,479	8,479
    Retained earnings	23,872	23,907
    Treasury shares	(1,072)	(1,073)
    Total shareholders' equity	36,279	36,313
    Accumulated other comprehensive income Valuation difference on available-for-sale securities	640	666
    Deferred gains or losses on hedges	(3)	(3)
    Foreign currency translation adjustment	1,006	771
    Remeasurements of defined benefit plans	720	650
    Total accumulated other comprehensive income	2,363	2,085
    Non-controlling interests	264	275
    Total net assets	38,906	38,673
    Total liabilities and net assets	55,040	53,783