ISHIHARA SANGYO KAISHA : Summary of Consolidated Financial Statements for 1Q of Fiscal Year Ending March 31, 2017(Japan GAAP)

Summary of Consolidated Financial Statements for First Quarter of Fiscal Year Ending March 31, 2017(Japan GAAP)

Name of Listed Company: Ishihara Sangyo Kaisha, Ltd.

Code: 4028 URL http://www.iskweb.co.jp Representative: (Title) President (Name) Kenichi Tanaka

August 10, 2016 Listed Exchanges: TSE

Contact: (Title) Director (Name) Yoshinari Terakawa Tel [phone] Scheduled date of securities report submission: August 12, 2016

Scheduled date of dividend payment commencement: -

(Any amount less than one million yen is rounded down to the nearest million yen or nil.)

1. Consolidated Financial Results for First Quarter of Fiscal Year Ended March 31, 2017(April 1, 2016 to June 30, 2016)

2. Consolidated Operating Results

   (Percentages represent changes from same period in previous year.)

   Net sales		Operating income		Ordinary income			Profit attributable to owners of parent
   1Q, 2016	millions of yen	%	millions of yen	%	millions of yen	 	%	millions of yen	 	%
   	27,490	-4.4	815	-35.9	-711			-880
   1Q, 2015	28,761	14.7	1,271		883			430

   (Note) Comprehensive income: as of June 30, 2016: -1,447million yen (%), as of June 30, 2015: 93million yen (%)

   Net income per share	Net income per share after full dilution
   1Q, 2016 1Q, 2015	Yen -2.20 1.07	Yen  

3. Consolidated Financial Position

   Total assets	Net assets	Capital adequacy ratio
   1Q, 2016	millions of yen	millions of yen	%
   	160,067	60,149	37.6
   Year ended March 31, 2016	165,050	61,597	37.3

   (Reference) Equity capital: as of June 30, 2016: 60,149 million yen, as of March 31, 2016: 61,597 million yen

4. Dividends

   Dividends per share
   (Record date)	June 30 (Q1-end)		September 30 (Q2-end)		December 31 (Q3-end)		March 31 (Year-end)		Annual
   Year ended March 31, 2016 Year ended March 31, 2017	 	Yen	0.00	Yen		Yen	0.00	Yen	Yen 0.00
   Year ending March 31, 2017 (Forecast)	0.00				0.00		0.00

   (Note) Modification in the dividend forecast for current quarter: No modification

5. Forecast for Consolidated Results for the Full Year Ending March 31, 2017 (April 1, 2016 - March 31, 2017)

   (Percentages represent forecasted changes from the previous year for the full year results, and forecasted changes from the same period in the previous year for the interim results.)

   Net sales		Operating income		Ordinary income		Profit attributable to owners of parent		Earnings per share
   Interim (First 2Qs)	millions of yen	%	millions of yen	%	millions of yen	%	millions of yen	%	Yen
   	52,000	-1.6	500	-85.7	-1,600	―	-2,200	―	-5.50
   Full year	99,000	-3.8	3,500	-57.9	1,700	-76.8	800	-91.5	2.00

   (Note) Modification in the dividend forecast for current quarter: Modified

6. Other information

7. Significant changes in subsidiaries during the period

   (changes in specified subsidiaries resulting in the change in consolidation scope): No change

8. Adoption of simplified accounting treatment and special accounting treatment for quarterly consolidated statement: No adopted

9. Changes in accounting principles, procedures, and the method of presentation

10. Changes due to revisions of accounting standards etc. : Not adopted

11. Changes other than those defined in 1) above : Not adopted

12. Changes in accounting procedures : Not adopted

13. Changes in the method of presentation : Not adopted

14. Issued shares (common shares)

15. Issued shares as of period-end (including repurchased treasury shares)

    As of June 30, 2016: 403,839,431 shares As of March 31, 2016: 403,839,431 shares

16. Number of shares of treasury stock as of period-end

    As of June 30, 2016: 4,024,325 shares As of March 31, 2016: 4,019,665 shares

17. Average number of outstanding shares during period

    1Q 2016: 399,818,006 shares 1Q 2015: 399,860,789 shares

     Notes on proper use of forecast and other matters

    The forecast of financial results presented in this document is the result of management's assessment based upon currently available assumptions, prospects and plans for the future. Actual results and dividend payments may differ from these forecasts, due to risks and uncertain factors, such as the global economy, competition, and foreign currency fluctuations.

18. Consolidated Financial Statements

19. Consolidated Balance Sheet

20. (Unit: millions of yen)

    Account Category	As of March,2016 (summary)	As of June 2016
    ASSETS Current Assets Cash and deposits Notes and accounts receivable - trade Merchandise and finished goods Work in process Raw materials and supplies Deferred tax assets Other Allowance for doubtful accounts Total current assets Noncurrent Assets Property, plant and equipment Machinery, equipment net Others , net Total property , plant and equipment Intangible assets Investments and other assets Investment securities Deferred tax assets Net defined benefit asset Other Allowance for doubtful accounts Total investments and other assets Total noncurrent assets Total Assets	29,398	30,248
    	25,225	31,011
    	34,317	25,758
    	3,907	4,461
    	14,845	12,604
    	1,096	1,219
    	1,876	1,733
    	-184	-171
    	110,483	106,866
    	17,501	17,874
    	21,232	19,908
    	38,733	37,783
    	223	216
    	5,338	4,939
    	8,014	8,134
    	16	15
    	2,433	2,301
    	-193	-190
    	15,610	15,201
    	54,567	53,201
    	165,050	160,067

    (Unit: millions of yen)

    Account Category	As of March,2016 (summary)	As of June 2016
    LIABILITIES Current Liabilities Notes and accounts payable - trade Short-term loans payable Currents portion of bonds Income tax payable Reserve Other Total current liabilities Noncurrent Liabilities Bonds payable Long-term loans payable Provision Provision for retirement benefits Other Total noncurrent liabilities Total Liabilities NET ASSETS Shareholder's equity Capital stock Capital surplus Retained earnings Treasury stock Total shareholder's equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total valuation and translation adjustments Minority interests Total net assets Total Liabilities and Net Assets	10,341 27,950 280 571 1,698 8,882	10,556 28,622 280 293 1,986 7,776
    	49,725	49,515
    	560 35,167 1,086 12,957 3,956	560 31,998 1,080 12,826 3,937
    	53,727	50,402
    	103,453	99,918
    	43,420 10,626 10,062 -702	43,420 10,626 9,181 -702
    	63,407	62,526
    	243 － -1,272 -780	177 0 -1,788 -764
    	-1,809	-2,376
    	61,597	60,149
    	165,050	160,067