Autobacs Seven : Earnings Release "Consolidated Financial Results for the Six Months Ended September 30, 2018"(PDF)

October 30, 2018

Consolidated Financial Results for the Six Months

Ended September 30, 2018【Japanese GAAP】

Summary of Quick Financial Announcement of Consolidated Financial Information For the Six Months Ended September 30, 2018.

Company name : AUTOBACS SEVEN CO., LTD. Code number : 9832

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

Company Representative : Kiomi Kobayashi, Representative Director

Contact for further information : Hiroyuki Takano, General Manager, Finance & Accounting Department Telephone : [phone]

Stock exchange listing : Tokyo

Submission of Quarterly Business Report : November 6, 2018 Start of cash dividend payments : November 26, 2018 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, 2018 (From April 1, 2018 to September 30, 2018)

(Note: Amounts less than 1 million Yen have been rounded down. A figure in ( ) indicates a loss or a negative figure.)

(1) Results of operations:

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

Six months ended September 30, 2018 Six months ended September 30, 2017

Net sales
97,536	(1.0)	1,508	(32.3)	1,849	(24.5)
98,473	3.5	2,227	72.0	2,451	56.8

Operating income

Ordinary income

％

％

％

Note: Comprehensive income :

907 million yen for the six months ended September 30, 2018 : (55.7)% 2,047 million yen for the six months ended September 30, 2017 : - %Six months ended September 30, 2018 Six months ended September 30, 2017

Profit attributable to

owners of parent

Basic net income	Basic net income per
per share (Yen)	share - diluted (Yen)
％
595	(54.8)	7.22	-
1,317	84.6	15.97	-

(2) Financial position:

(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, 2018	182,713	125,771	68.6	1,518.73
Fiscal year ended
March 31, 2018	187,354	127,352	67.7	1,537.59

(Reference) Equity : Six months ended September 30, 2018 : 125,309 million Yen

2. Dividends

For the year ended March 31, 2018 : 126,866 million YenFiscal year ended March 31, 2018 Fiscal year ended March 31, 2019 Fiscal year ended March 31, 2019 (forecast)

First Quarter

- -

Dividends per shareSecond Quarter

30.00

30.00

Third Quarter

-

-Note : Revisions to dividend forecasts published most recently : NoneYear -end

- -30.00

--

30.00

3. Forecast for the fiscal year ending March 2019 (from April 1, 2018 to March 31, 2019)

(Yen)Annual

60.00

-60.00

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

Net salesAnnual

215,000

Operating income

Ordinary income

％ 1.3

9,000

％ 15.5

10,000

％ 21.6

Profit attributable to owners of parent

Annual

6,800

Basic net income per share(Yen)

％ 25.8

82.41

Note : Revisions to financial forecasts published most recently : None

4. Other

• (1) Significant changes in scope of consolidation : None

• (2) Adoption of special accounting policies for quarterly financial statements : None

• (3) Changes in accounting policies, accounting estimation change and restatement

• 1. Changes due to changes in accounting standard

  • : None

• 2. Changes due to changes in accounting standard except (3)-1.

  • : None

• 3. Changes due to accounting estimation change

  • : None

• 4. Restatement

• : None

(4) Shares outstanding (common stock)

1. Number of shares outstanding (including treasury stock) Six Months ended September 30, 2018 : 84,050,105 shares Fiscal year ended March 31, 2018 : 84,050,105 shares

2. Number of treasury stock at the end of period

Six Months ended September 30, 2018 : 1,540,705shares Fiscal year ended March 31, 2018 : 1,540,020 shares

3. Average shares outstanding over quarter

Six Months ended September 30, 2018 : 82,509,831 shares Six Months ended September 30, 2017 : 82,511,622 shares

※These financial results are not subject to quarterly review procedures by certified public accountants or auditing firms.

※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 October 31, 2018. 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

(Millions of yen)
As of March 31, 2018	As of September 30, 2018
Assets
Current assets
Cash and deposits	39,069	37,357
Notes and accounts receivable - trade	23,600	26,041
Merchandise	16,419	18,600
Accounts receivable - other	21,972	16,695
Income taxes receivable	32	153
Other	10,693	10,273
Allowance for doubtful accounts	(92)	(90)
Total current assets	111,695	109,030
Non-current assets
Property, plant and equipment
Land	22,627	21,572
Other, net	18,599	18,614
Total property, plant and equipment	41,226	40,187
Intangible assets
Goodwill	1,170	1,155
Other	4,879	4,461
Total intangible assets	6,050	5,616
Investments and other assets
Guarantee deposits	14,181	14,100
Other	14,254	13,815
Allowance for doubtful accounts	(54)	(37)
Total investments and other assets	28,381	27,879
Total non-current assets	75,658	73,682
Total assets	187,354	182,713
Liabilities
Current liabilities
Accounts payable - trade	20,710	23,643
Short-term loans payable	3,252	3,289
Accounts payable - other	12,626	10,655
Income taxes payable	3,014	531
Provision for point card certificates	237	132
Other	6,582	6,174
Total current liabilities	46,425	44,426
Non-current liabilities
Long-term loans payable	2,190	1,320
Provision	76	41
Net defined benefit liability	1,051	1,014
Asset retirement obligations	2,110	2,184
Other	8,147	7,954
Total non-current liabilities	13,575	12,515
Total liabilities	60,001	56,941
(Millions of yen)
As of March 31, 2018	As of September 30, 2018
Net assets
Shareholders' equity
Capital stock	33,998	33,998
Capital surplus	34,298	34,298
Retained earnings	59,639	57,759
Treasury shares	(2,773)	(2,774)
Total shareholders' equity	125,163	123,281
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,924	2,161
Foreign currency translation adjustment	470	523
Remeasurements of defined benefit plans	(692)	(657)
Total accumulated other comprehensive income	1,703	2,027
Non-controlling interests	486	462
Total net assets	127,352	125,771
Total liabilities and net assets	187,354	182,713