Autobacs Seven : Earnings Release "Consolidated Financial Results for the Six Months Ended September 30, 2017"(PDF)

October 31, 2017

Consolidated Financial Results for the Six Months Ended September 30, 2017【Japanese GAAP】

Summary of Quick Financial Announcement of Consolidated Financial Information For the Second Quarter Ended September 30, 2017.

Company name : AUTOBACS SEVEN CO., LTD.

Code number : 9832

(URL http://www.autobacs.co.jp/) Headquarters : Tokyo, Japan

Company Representative : Kiomi Kobayashi, Representative Director

Contact for further information : Noritaka Hiraga, Officer, Finance & Accounting and Legal Telephone : [phone]

Stock exchange listing : Tokyo

Submission of Quarterly Business Report : November 7, 2017 Start of cash dividend payments : November 27, 2017 Supplementary quarterly materials prepared : Yes

Quarterly results information meeting held : Yes (for investors and analysts, etc.)

1. Results for the Six months ended September 30, 2017 (From April 1, 2017 to September 30, 2017) (Note: Amounts less than 1 million Yen have been rounded down. A figure in ( ) indicates a loss or a negative figure.)

2. Results of operations:

   (Unit: Millions of Yen except for per share information, and % information which indicates increase or decrease( ).)

   Net sales	Operating income		Ordinary income
   Six months ended	％	％	％
   September 30, 2017	98,105	3.5	1,860	88.2	2,451	56.8
   Six months ended
   September 30, 2016	94,820	(3.9)	988	(60.4)	1,563	(50.0)
   Note: Comprehensive income :	2,047 million yen for the six months ended September 30, 2017 : - %
   (61) million yen for the six months ended September 30, 2016 : - %
   Profit attributable to		Basic net income		Basic net income per
   owners of parent		per share (Yen)		share - diluted (Yen)
   Six months ended	％
   September 30, 2017	1,317	84.6	15.97	-
   Six months ended
   September 30, 2016	714	(56.0)	8.50	-

3. Financial position:

4. (Unit: Millions of Yen except for per share information)

   Net assets per
   Total assets	Total net assets	Equity ratio	share (Yen)
   Six months ended	％
   September 30, 2017	186,577	127,158	67.9	1,534.66
   Fiscal year ended
   March 31, 2017	176,708	127,392	71.9	1,540.12
   (Reference) Equity : Six months ended September 30, 2017 : 126,626 million Yen
   For the year ended March 31, 2017 : 127,078 million Yen

5. Dividends

   Dividends per share	(Yen)
   First Quarter	Second Quarter	Third Quarter	Year -end	Annual
   Fiscal year ended
   March 31, 2017	-	30.00	-	30.00	60.00
   Fiscal year ended
   March 31, 2018	-	30.00	-	-	-
   Fiscal year ended
   March 31, 2018
   (forecast)	-	-	-	30.00	60.00
   Note : Revisions to dividend forecasts published most recently : None

6. Forecast for the fiscal year ending March 2018(from April 1, 2017 to March 31, 2018)

   (Unit: Millions of Yen, percentage figures denote year-on-year change)

   Net sales	Operating income	Ordinary income
   ％	％	％
   Annual	205,000	0.5	7,000	20.1	7,500	5.3
   Profit attributable to	Basic net income
   owners of parent	per share(Yen)
   ％
   Annual	5,200	72.4	63.02
   Note : Revisions to financial forecasts published most recently : None

7. Other

8. Significant changes in scope of consolidation : None

9. Adoption of special accounting policies for quarterly financial statements : None

10. Changes in accounting policies, accounting estimation change and restatement

11. Changes due to changes in accounting standard : None

12. Changes due to changes in accounting standard except (3)-1. : None

13. Changes due to accounting estimation change : None

14. Restatement : None

15. Shares outstanding (common stock)

16. Number of shares outstanding (including treasury stock) Six months ended September 30, 2017 : 84,050,105 shares Fiscal year ended March 31, 2017 : 84,050,105 shares

17. Number of treasury stock at the end of period

    Six months ended September 30, 2017 : 1,539,123 shares

    Fiscal year ended March 31, 2017 : 1,538,020 shares

18. Average shares outstanding over quarter

19. Six months ended September 30, 2017 : 82,511,622 shares

    Six months ended September 30, 2016 : 84,010,590 shares

    ※These financial results are not subject to the quarterly review procedures

    ※Statement regarding the proper use of financial forecasts and other special remarks (Statement regarding the proper use of financial forecasts)

    These forecast performance figures are based on the information currently available to the Company's management and certain assumptions judged rational. Accordingly, these might be cases in which actual results materially differ from forecasts of this report.

    ※The Company will be held the Analysts Meeting on November 1, 2017. The presentation material and video picture of the meeting will be uploaded as soon as possible on the Company's website afterwards.

    6. Consolidated Financial Statements (1)Consolidated Balance Sheets (Unit: Millions of Yen)

    March 31, 2017 Amount	September 30, 2017 Amount
    Assets
    Current assets
    Cash and deposits	31,520	37,086
    Notes and accounts receivable - trade	20,032	27,999
    Merchandise	15,317	16,307
    Accounts receivable - other	20,863	16,710
    Income taxes receivable	503	34
    Other	13,992	13,650
    Allowance for doubtful accounts	(70)	(70)
    Total current assets	102,159	111,719
    Non-current assets
    Property, plant and equipment
    Land	22,188	22,188
    Other, net	19,988	19,742
    Total property, plant and equipment	42,176	41,930
    Intangible assets
    Goodwill	853	852
    Other	5,743	5,139
    Total intangible assets	6,597	5,992
    Investments and other assets
    Guarantee deposits	15,357	14,539
    Other	10,487	12,450
    Allowance for doubtful accounts	(70)	(55)
    Total investments and other assets	25,774	26,935
    Total non-current assets	74,548	74,858
    Total assets	176,708	186,577
    Liabilities
    Current liabilities
    Notes and accounts payable - trade	12,838	26,053
    Short-term loans payable	5,969	5,636
    Accounts payable - other	11,489	9,083
    Income taxes payable	473	1,097
    Provision for point card certificates	477	411
    Other	6,013	5,261
    Total current liabilities	37,263	47,544
    Non-current liabilities
    Long-term loans payable	679	962
    Provision	98	84
    Net defined benefit liability	129	75
    Asset retirement obligations	2,285	2,253
    Other	8,858	8,498
    Total non-current liabilities	12,052	11,874
    Total liabilities	49,315	59,419