ValueCommerce : Q2 TSE Filings Summary(208KB)pdf

This filing was originally prepared and published by the company in Japanese as it contained timely disclosure information to be submitted to the Tokyo Stock Exchange (1st section). The English translation is for your reference only. To the extent there is any discrepancy between this English translation and the original Japanese filing, the Japanese filing will prevail. The following financial information was prepared in accordance with generally accepted accounting principles in Japan (JGAAP).

Financial Results (Consolidated) for Q1-Q2(Cumulative) of FY2017

Corporate Name: ValueCommerce Co., Ltd. Listed: TSE 1st section

July 26, 2017

Ticker Symbol: 2491 URL: http://www.valuecommerce.com/en/ Representative: Representative Director, President and CEO (Name) Jin Kagawa

Contact person: Director of the Board, CFO (Name) Masatomo Endo TEL: [phone]

Scheduled date of commencement of dividend payment: -

Scheduled date of filing the securities report: August 9, 2017

Results supplementary materials to be created: Yes Scheduled date of an explanatory presentation to investors: Yes

(Amounts less than one million yen rounded down)

1. Consolidated Operating Results for the Second Quarter of FY2017 (Jan 1 to June. 30, 2017)

2. Consolidated Operating Results (Percentage figures refer to comparisons with the previous fiscal year)

   Revenue		Operating income		Ordinary income		Net income attributable to owners of the parent
   Q1-Q2(cumulative) FY2017	Million Yen	%	Million Yen	%	Million Yen	%	Million Yen	%
   	7,984	(12.9)	899	104.4	909	84.0	452	196.7
   Q1-Q2(cumulative) FY2016	9,164	13.3	440	(42.8)	494	(43.5)	152	(73.2)

   (Note) Comprehensive income: Second quarter ended June 30, 2017 : 588 million yen, 163.2%

   Basic EPS (Earnings per share)	Diluted EPS (Diluted Earnings per share)
   Q1-Q2(cumulative) FY2017	Yen	Yen
   	14.05	14.04
   Q1-Q2(cumulative) FY2016	4.59	－

   Second quarter ended June 30, 2016 : 223 million yen, (62.3)%

   (Note) Diluted earnings per share is not presented for the second quarter of FY2016 because there were no potentially dilutive shares.

3. Consolidated Financial Positions

4. Total assets	Net assets	Equity ratio	Book-value per share
   As of June 30, 2017	Million Yen	Million Yen	%	Yen
   	10,629	6,540	61.2	202.52
   As of December 31, 2016	9,984	6,163	61.3	188.02

   (Reference) Owners' equity: As of June30, 2017 : 6,506 million yen

   As of December 31, 2016 : 6,118 million yen

5. Dividends

   Dividend per share
   Q1	Q2	Q3	Q4	Total
   FY2016	Yen	Yen	Yen	Yen	Yen
   	―	2.00	―	2.00	4.00
   FY2017	―	3.00
   FY2017 (Forecast)	―	4.00	7.00

   (Note) Revisions to dividends forecast published most recently: No

6. Consolidated Operating Forecast for the Fiscal Year Ended Dec. 31, 2017 (Jan. 1 to Dec. 31, 2017)

7. (Percentage figures refer to comparisons with the previous fiscal year)

   Revenue		Operating income		Ordinary income		Net income attributable to owners of the parent		Basic EPS (Earnings per share)
   FY2017	Million Yen	%	Million Yen	%	Million Yen	%	Million Yen	%	Yen
   	15,600	(10.9)	1,100	19.2	1,100	9.8	710	106.0	22.08

   (Note) Revisions to operating forecast published most recently: No

   ※ Notes

8. Significant changes in scope of consolidation during this year: No

9. Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: No

   1.	Changes in accounting policies due to amendment of accounting standards, etc.	:	No
   2.	Changes in accounting policies other than 1.	:	No
   3.	Changes in accounting estimates	:	No
   4.	Retrospective restatement	:	No

10. Changes in accounting policies and accounting estimates, retrospective restatement

    1. Common s	tock (including treasury stock)
    34,471,000 shares (as of June. 30, 2017)
    34,471,000 shares (as of Dec. 31, 2016)
    2. Treasury s	tock
    2,344,400 shares (as of June. 30, 2017)
    1,930,700 shares (as of Dec. 31, 2016)
    3. Average num	ber of shares issued (cumulative period)
    32,183,100 shares (average during Jan. 1 to June. 30, 2017)
    33,228,770 shares (average during Jan. 1 to June. 30, 2016)

11. Number of shares issued (Common stock)

• Quarterly review

  This outline of quarterly consolidated financial statements is not subject to the quarterly review.

• Note on proper use of the financial forecasts and other special notes (Note on future descriptions)

This filing contains future description such as financial outlook. They are based on information currently available to the company and on certain assumptions we deem reasonable. They are not intended to constitute the company's guarantee that the outlook and description will be realized. The actual results may differ materially from those described in this filing due to various factors.

(Method to reach supplementary materials)

The supplementary materials on financial results will be posted on the company's website.