Intage : Explanation Materials for Consolidated Financial Results for the Six Months Ended September 30, 2018

Financial results presentation for institutional investors and analysts

Explanation Materials for Consolidated Financial Results for the Six Months Ended September 30, 2018

November 15, 2018

Security code: 4326

Contents

• ■ Results for the Six Months Ended September 30, 2018

• ■ Forecasts for the Fiscal Year Ending

  March 31, 2019 (Consolidated/by Segment)

• ■ Numerical Management Targets and Strategic Points of the 12th Medium-Term Management Plan (FY2018)

• ■ Topics

Results for the Six Months Ended

September 30, 2018

Summary of Consolidated Statements of Income

Net sales increased slightly from the same period of the previous year. Operating income fell short of forecast hit by decreased healthcare sales. Ordinary income and net income attributable to owners of parent were more

or less in line with forecasts.

(¥ million)

Six months ended Sept.

Six months ended Sept.

Y/Y

Forecasts

30, 2017

30, 2018

Compared to forecastsNet sales

Operating income

Ordinary income

Net income attributable to owners of parent

EPS (Yen)

ROA (%)

22,941 1,270 1,469 1,008 25.25 2.6

23,082 1,211 1,216 809 19.66 2.0

+0.6%-4.6% -17.2%-19.8%

• 24,000-3.8%

• 1,300 -6.8%

• 1,250-2.7%

• 830 -2.5%

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－－

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(Note) A 2-for-1 stock split of the Company's outstanding shares of common stock implemented on October 1, 2017 is factored into the EPS figure for the six months ended Sept. 30, 2017.

Summary of Consolidated Balance Sheets and ConsolidatedStatements of Cash Flows

(¥ million)

Summary of Consolidated Balance Sheets

Current assets

Non-current assets

Total assets

Current liabilities

Non-current liabilities

Total liabilities

Total shareholders' equity

Total net assets

Increase/ DecreaseRemarks

-3,794Mainly due to decreased notes and accounts receivable-trade

+3,041

Mainly due to increased investment securities and goodwill

-752

-544

Mainly due to decreased short-term loans payable

-159-704 -2-48

Cash flows from operating activities

Cash flows from financing activities

Cash and cash equivalents at end of period

Summary of Consolidated Statements of

Cash Flows

Cash flows from investing activities

Effect of exchange rate changes on cash and cash equivalents

Net increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period