ISHIHARA SANGYO KAISHA : Summary of Consolidated Financial Statements for 3Q of Fiscal Year Ending March 31, 2017(Japan GAAP)

Summary of Consolidated Financial Statements for Third 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

February 10, 2017 Listed Exchanges: TSE

Contact: (Title) Director (Name) Yoshinari Terakawa Tel [phone] Scheduled date of securities report submission: February 13, 2017

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 Third Quarter of Fiscal Year Ended March 31, 2017(April 1, 2016 to December 31, 2016)

2. Consolidated Operating Results

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

   Net sales		Operating income		Ordinary income		Net income
   3Q, 2016	millions of yen	%	millions of yen	%	millions of yen	%	millions of yen	%
   	74,535	-3.7	2,930	19.8	1,786	195.7	997	-72.8
   3Q, 2015	77,395	3.2	2,445	-34.0	603	-86.9	3,671	-1.7

   (Note) Comprehensive income: as of December 31, 2016: -653 million yen (%),

   as of December 31, 2015: 3,634 million yen (50.3%)

   Net income per share	Net income per share after full dilution
   3Q, 2016 3Q, 2015	Yen 24.94 91.83	Yen  

3. Consolidated Financial Position

   Total assets	Net assets	Capital adequacy ratio
   3Q, 2016	millions of yen	Millions of yen	%
   	159,281	60,940	38.3
   Year ended March 31, 2016	165,050	61,597	37.3

   (Reference) Equity capital: as of December 31, 2016: 60,940 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  	Yen 0.00 0.00	Yen  	Yen 0.00	Yen 0.00
   Year ending March 31, 2017 (Forecast)	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		Net income		Earnings per share
   Full year	millions of yen 101,000	% -1.8	millions of yen 7,400	% -11.0	millions of yen 6,200	% -15.3	millions of yen 4,400	% -53.5	Yen 110.05

   (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: Not adopted

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

10. Changes due to revisions of accounting standards etc. : 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 December 31, 2016: 40,383,943 shares As of March 31, 2016: 40,383,943 shares

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

    As of December 31, 2016: 406,516 shares As of March 31, 2016: 401,966 shares

17. Average number of outstanding shares during period

    3Q 2016: 39,980,557 shares 3Q 2015: 39,984,830 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 31, 2016 (summary)	As of December 31, 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 non-current assets Total Assets	29,398 25,225 34,317 3,907 14,845 1,096 1,876 -184	32,875 25,378 27,163 4,732 11,457 700 1,821 -224
    	110,483	103,905
    	17,501 21,232	17,205 21,473
    	38,733	38,678
    	223	186
    	5,338 8,014 16 2,433 -193	6,107 8,550 15 2,005 -168
    	15,610	16,510
    	54,567	55,375
    	165,050	159,281

    (Unit: millions of yen)

    Account Category	As of March 31, 2016 (summary)	As of December 31, 2016
    LIABILITIES Current Liabilities Notes and accounts payable - trade Short-term loans payable Currents portion of bonds Income taxes payable Provision Other Total current liabilities Noncurrent Liabilities Bonds payable Long-term loans payable Provision Net defined benefit liability Other Total non-current liabilities Total Liabilities NET ASSETS Shareholder's equity Capital stock Capital surplus Retained earnings Treasury shares Total shareholders' 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 accumulated other comprehensive income Total net assets Total Liabilities and Net Assets	10,341 27,950 280 571 1,698 8,882	16,115 27,538 280 360 465 9,149
    	49,725	53,909
    	560 35,167 1,086 12,957 3,956	420 25,992 1,106 12,793 4,119
    	53,727	44,431
    	103,453	98,341
    	43,420 10,626 10,062 -702	43,420 10,626 11,059 -706
    	63,407	64,400
    	243 ― -1,272 -780	477 -0 -3,205 -731
    	-1,809	-3,460
    	61,597	60,940
    	165,050	159,281