Amada : Summary Report on the Consolidated Results for the Six Months Ended September 30, 2017(7798KB)

Note: This English translation is solely for reference purposes and not a legally definitive translation of the original Japanese text. In the event a difference arises regarding the meaning herein, the original Japanese version will prevail as the official authoritative version.

November 14, 2017

Summary Report on the Consolidated Results for the Six Months Ended September 30, 2017

AMADA HOLDINGS CO., LTD. Listed on the First Section of the TSE Stock Code: 6113

(URL http://www.amadaholdings.co.jp) Representative: Tsutomu Isobe, President

Contact: Hidekazu Kudo, Director, Corporate Officer and Senior Executive General Manager of Financial HQ. TEL: [phone] Planned filing of the quarterly financial statements: November 14, 2017

Date of scheduled payment of dividends: December 5, 2017 Quarterly earnings supplementary explanatory documents: Yes

Quarterly earnings presentation: Yes (for investment analysts and institutional investors)

(Amounts less than one million yen are truncated.)

1. Consolidated Business Performance for the Six Months Ended September 30, 2017 (from April 1, 2017 to September 30, 2017)

   Note: Comprehensive income:	Six months ended September 30, 2017:	¥18,323 million	(- %)
   Six months ended September 30, 2016:	¥(13,419) million	(- %)
2. Operating Results Percentages indicate year-on-year increase (decrease).

   	Net sales		Operating income		Ordinary income		Profit attributable to owners of parent
   	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   Six months ended September 30, 2017	134,084	6.9	15,105	8.5	17,079	32.3	12,076	40.5
   Six months ended September 30, 2016	125,442	(12.7)	13,916	(26.4)	12,905	(36.6)	8,596	(38.1)

   	Basic earnings per share	Diluted earnings per share
   	Yen	Yen
   Six months ended September 30, 2017	33.02	33.01
   Six months ended September 30, 2016	23.53	23.51

3. Financial Position

	Total assets	Net assets	Equity ratio
	Millions of yen	Millions of yen	%
As of September 30, 2017	550,853	431,534	77.8
As of March 31, 2017	533,433	419,970	78.1

Reference: Total shareholders' equity: As of September 30, 2017: ¥428,458 million

As of March 31, 2017: ¥416,796 million

	Dividends per share
	First quarter	Second quarter	Third quarter	Fiscal year end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2017	-	24.00	-	18.00	42.00
Fiscal year ending March 31, 2018	-	20.00
Fiscal year ending March 31, 2018 (Forecast)	-	22.00	42.00

4. Dividends

   Note: Revision to dividend forecasts most recently announced: Yes

5. Consolidated Forecasts for the Fiscal Year Ending March 31, 2018 (from April 1, 2017 to March 31, 2018)

   Percentages indicate year-on-year increase (decrease).

   	Net sales		Operating income		Ordinary income
   	Millions of yen	%	Millions of yen	%	Millions of yen	%
   Fiscal year ending March 31, 2018	295,000	5.8	37,000	12.0	40,000	16.6

   Profit attributable to owners of parent		Basic earnings per share
   Millions of yen	%	Yen
   Fiscal year ending March 31, 2018	29,000	12.0	79.28

   Notes: Revision to consolidated forecasts most recently announced: Yes

   Basic earnings per share is calculated based on the average number of outstanding shares as of September 30, 2017 (excluding treasury stock).

6. Other Items

1. Changes in the scope of consolidation for significant subsidiaries during the six months: None

2. Application of special accounting practices in the preparation of the consolidated financial statements: None

3. Changes in accounting policies, changes in accounting estimates and retrospective restatements:

4. Changes in accounting policies in accordance with revision of accounting standards: None

5. Changes in accounting policies other than 1) above: Yes

6. Changes in accounting estimates: Yes

7. Retrospective restatements: None

8. Number of shares issued and outstanding (common stock)

1) Number of shares of common stock outstanding at end of period, including treasury shares
As of September 30, 2017	378,115,217 shares
As of March 31, 2017	378,115,217 shares
2) Number of shares of treasury shares at end of period
As of September 30, 2017	12,303,217 shares
As of March 31, 2017	12,461,845 shares
3) Average number of shares outstanding for each period
Six months ended September 30, 2017	365,753,312 shares
Six months ended September 30, 2016	365,376,567 shares

This quarterly summary report of consolidated financial results are outside the scope of quarterly review. Explanation regarding the appropriate use of forecasts of business results

The above forecasts of future performance are based on information available to the Company at the present time and are subject to potential risks and uncertainty. Accordingly, actual results may differ significantly from any expressed future performance herein due to various factors.

Consolidated F inancial Statements

C onsolidated Balance Sheets

(Millions of yen; amounts less than one million yen are truncated.)

Period Item	As of March 31, 2017	As of September 30, 2017
	Amount	Amount
(Assets)	75,503	74,083
Current assets:
Cash and deposits
Notes and accounts receivable - trade	127,202	124,617
Lease investment assets	14,254	14,109
Securities	30,527	21,329
Merchandise and finished goods	50,767	55,580
Work in process	7,397	9,818
Raw materials and supplies	12,527	13,301
Other	15,694	18,010
Allowance for doubtful accounts	(1,966)	(2,020)
Total current assets	331,909	328,829
Non-current assets:	56,294	60,828
Property, plant and equipment:
Buildings and structures, net
Other, net	75,714	77,362
Total property, plant and equipment	132,009	138,191
Intangible assets:	1,153	1,016
Goodwill
Other	7,837	9,689
Total intangible assets	8,990	10,705
Investments and other assets:	51,137	64,007
Investment securities
Net defined benefit asset	135	130
Other	9,541	9,254
Allowance for doubtful accounts	(290)	(265)
Total investments and other assets	60,523	73,126
Total non-current assets	201,523	222,024
Total assets	533,433	550,853

(Millions of yen; amounts less than one million yen are truncated.)

Period Item	As of March 31, 2017	As of September 30, 2017
	Amount	Amount
(Liabilities)	16,722	17,207
Current liabilities:
Notes and accounts payable - trade
Electronically recorded obligations - operating	19,232	20,735
Short-term loans payable	13,705	11,720
Income taxes payable	3,620	4,601
Provision for bonuses	3,503	3,493
Provision for directors' bonuses	275	197
Deferred profit on installment sales	13,731	13,093
Other	25,949	32,469
Total current liabilities	96,743	103,519
Non-current liabilities:	3,366	3,382
Long-term loans payable
Provision for directors' retirement benefits	78	84
Net defined benefit liability	5,274	4,491
Other	8,001	7,842
Total non-current liabilities	16,719	15,800
Total liabilities	113,462	119,319
(Net assets)	54,768	54,768
Shareholders' equity:
Capital stock
Capital surplus	163,199	163,199
Retained earnings	226,500	231,958
Treasury shares	(11,841)	(11,691)
Total shareholders' equity	432,626	438,234
Accumulated other comprehensive income:	(552)	(539)
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges	(114)	(125)
Revaluation reserve for land	(9,221)	(9,221)
Foreign currency translation adjustment	(4,847)	905
Remeasurements of defined benefit plans	(1,093)	(794)
Total accumulated other comprehensive income	(15,829)	(9,775)
Subscription rights to shares	36	2
Non-controlling interests	3,137	3,073
Total net assets	419,970	431,534
Total liabilities and net assets	533,433	550,853