ISHIHARA SANGYO KAISHA : Summary of Consolidated Financial Statements for Fiscal Year Ended March 31, 2016 (Japan GAAP)

(Microsoft Word - 201233211p225266214210216Z222Z220M20160331.doc) Summary of Consolidated Financial Statements for Fiscal Year Ended March 31, 2016 (Japan GAAP)

May 12, 2016

Listed Exchanges: TSE

Name of Listed Company: Ishihara Sangyo Kaisha, Ltd.

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

Contact: (Title) Director (Name) Yoshinari Terakawa Tel [phone] Scheduled date of a general meeting of shareholders: June 29, 2016

Scheduled date of securities report submission: June 30, 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 Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 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
   FY ended March 31, 2016	millions of yen	%	millions of yen	%	millions of yen	%	millions of yen	%
   	102,903	-0.4	8,314	-25.1	7,318	-37.8	9,462	35.5
   FY ended March 31, 2015	103,330	-1.9	11,104	265.4	11,764	296.6	6,983	

   (Reference) Comprehensive income

   FY ended March 31, 2016: 8,387 million yen (16.1 %), FY ended March 31, 2015: 7,221 million yen (%)

   Net income per share	Net income per share after full dilution		Return on equity	Ratio of ordinary income to total assets	Ratio of operating income to net sales
   FY ended March 31, 2016	Yen	 	Yen	%	%	%
   	23.66			16.5	4.4	8.1
   FY ended March 31, 2015	17.46			14.0	7.0	10.7

   (Reference) Equity in earnings (losses) of affiliates:

   FY ended March 31, 2016: 422 million yen, FY ended March 31, 2015: 385 million yen

3. Consolidated Financial Position

   Total assets	Net assets	Capital adequacy ratio	Net assets per share
   FY ended March 31, 2016	millions of yen	Millions of yen	%	Yen
   	165,050	61,597	37.3	154.06
   FY ended March 31, 2015	169,414	53,215	31.4	133.08

   (Reference) Equity capital: FY ended March 31, 2016: 61,597 million yen, FY ended March 31, 2015: 53,215 million yen

4. Consolidated Cash Flows

   Cash flow from operating activities	Cash flow from investing activities	Cash flow from financing activities	Balance of cash and cash equivalents at period end
   FY ended March 31, 2016	millions of yen	millions of yen	millions of yen	millions of yen
   	10,268	9,656	-11,920	29,208
   FY ended March 31, 2015	6,351	-3,214	771	21,281

5. Dividends

   Dividends per share

   Total dividends paid (annual)

   Dividend payout ratio (consolidated)

   Ratio of dividends to net assets (consolidated)

   (Record date)

   June 30 (Q1-end)

   September 30 (Q2-end)

   December 31 (Q3-end)

   March 31 (Year-end)

   Annual

   Year ended March 31, 2015

    

   Yen

   Yen

    

   Yen

   Yen

   Yen

   millions of yen  

    

   %

    

   %

   0.00

   0.00

   0.00

   Year ended March 31, 2016

   0.00

   0.00

   0.00

   Year ending March 31, 2017 (Forecast)

   

   0.00

   

   0.00

   0.00

   

6. 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
   	49,000	-7.3	-1,000		-2,800		-3,300		-8.25
   Full year	99,000	-3.8	3,500	-57.9	1,700	-76.8	800	-91.5	2.00

7. Other information

8. Significant changes in subsidiaries during the period

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

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

    3) Changes in accounting estimates : Not adopted

    4) Restatement : Not adopted

12. Issued shares (common shares)

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

    FY ended March 31, 2016: 403,839,431 shares FY ended March 31, 2015: 403,839,431 shares

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

    FY ended March 31, 2016: 4,019,665 shares FY ended March 31, 2015: 3,973,012 shares

15. Average number of outstanding shares during period

16. FY ended March 31, 2016: 399,842,352 shares FY ended March 31, 2015: 399,901,217 shares

    (Reference) Summary of Non-Consolidated Operating Results

17. Non-Consolidated Financial Results for Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 2016)

18. Non-Consolidated Operating Results

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

    Net sales		Operating income		Ordinary income		Net income
    FY ended March 31, 2016 FY ended March 31, 2015	millions of yen 76,785 79,306	% -3.2 -5.1	millions of yen 4,327 6,973	% -38.0 101.8	millions of yen 3,096 6,364	% -51.3 70.2	millions of yen -362 1,913	%  

    Net income per share	Net income per share after full dilution
    FY ended March 31, 2016 FY ended March 31, 2015	Yen -0.90 4.78	Yen  

19. Non-Consolidated Financial Position

    Total assets	Net assets	Capital adequacy ratio	Net assets per share
    FY ended March 31, 2016	millions of yen	millions of yen	%	Yen
    	145,290	49,694	34.2	124.29
    FY ended March 31, 2015	157,814	50,304	31.9	125.80

    (Reference) Equity capital: FY ended March 31, 2016: 49,694 million yen, FY ended March 31, 2015: 50,304 million yen

20. Forecast for Non-Consolidated Financial Results for Fiscal Year Ending March 31, 2017 (April 1, 2016 to March 31, 2017)

21. (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 74,000	% -3.6	millions of yen 1,400	% -67.6	millions of yen 300	% -90.3	millions of yen 0	% 	Yen 0.00

    *Status of a quarterly review

    This financial summary does not need to undergo a review under the Financial Instruments and Exchange Act.

    The consolidated financial statements under the Financial Instruments and Exchange Act have not been reviewed at the time of the announcement of this financial summary.

    * 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.

22. Consolidated Financial Statements

23. Consolidated Balance Sheet

24. (Unit: millions of yen)

    Account Category	Previous consolidated FY (March 31, 2015 )	Current consolidated FY (March 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 Buildings and structures Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles, net Land Leased assets Accumulated depreciation Leased assets, net Construction in progress Other Accumulated depreciation Other, net Total property, plant and equipment Intangible asset Leased assets Other Total 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	21,471 29,059 31,869 4,149 17,357 2,263 1,485 -188	29,398 25,225 34,317 3,907 14,845 1,096 1,876 -184
    	107,468	110,483
    	49,385 -32,017	35,366 -23,699
    	17,368	11,667
    	109,451 -91,169	108,982 -91,455
    	18,282	17,527
    	5,767 3,498 -2,127	5,410 3,298 -1,933
    	1,370	1,365
    	1,126 4,170 -3,561	2,129 3,951 -3,317
    	609	633
    	44,525	38,733
    	6 140	11 211
    	147	223
    	5,496 8,786 14 3,071 -94	5,338 8,014 16 2,433 -193
    	17,273	15,610
    	61,946	54,567
    	169,414	165,050

    Account Category	Previous consolidated FY (March 31, 2015)	Current consolidated FY (March 31, 2016)
    LIABILITIES Current Liabilities Notes and accounts payable - trade Short-term loans payable Current portion of long-term loans payable Current portion of bonds Lease obligations Income taxes payable Accrued expenses Provision for bonuses Provision for sales returns Reserve for loss from Ferosilt removal Provision for environment and safety improvement Provision for repairs Provision for loss on liquidation of subsidiaries and associates Other Total current liabilities Non-current Liabilities Bonds payable Long-term loans payable Lease obligations Provision for environment and safety improvement Provision for repairs Net defined benefit liability Asset retirement obligations Other Total non-current liabilities Total Liabilities NET ASSETS Shareholders' 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	12,409	10,341
    	15,400	13,858
    	16,072	14,092
    	280	280
    	548	510
    	747	571
    	4,345	4,480
    	670	627
    	33	25
    	2,458	
    	25	797
    		223
    	323	24
    	3,577	3,891
    	56,892	49,725
    	840	560
    	42,447	35,167
    	896	935
    	807	1,086
    	82	
    	12,084	12,957
    	840	827
    	1,308	2,193
    	59,307	53,727
    	116,199	103,453
    	43,420	43,420
    	10,626	10,626
    	600	10,062
    	-697	-702
    	53,949	63,407
    	513	243
    	0	
    	-849	-1,272
    	-398	-780
    	-734	-1,809
    	53,215	61,597
    	169,414	165,050