Yusen Logistics : Earnings Report for the Fiscal Year Ended March 31, 2015(Summary)

Microsoft Word - Earnings Report for the Fiscal Year Ended March 31, 2015 (Summary).docx Earnings Report for the Fiscal Year Ended March 31, 2015 (Summary)

Company Name: Yusen Logistics Co., Ltd.

Stock Exchange Listing: The First Section of Tokyo Stock Exchange

Code Number: 9370

URL: http://www.jp.yusen-logistics.com

Representative (Title) President and Representative Director (Name) Hiromitsu Kuramoto

April 30, 2015

Inquiries (Title) General Manager,

Corporate Communication Department

(Name) Ken Takano Phone [phone]

Scheduled date of ordinary general meeting of shareholders:	June 26, 2015	Scheduled date of dividend payment:	June 30, 2015
Scheduled date of submission of financial reports: Supplementary material for quarterly financial results:	June 26, 2015 Yes
Briefing on quarterly financial results:	Yes

(Figures are rounded to the nearest million yen)

1. Consolidated Business Results and Financial Position for the Fiscal Year Ended March 31, 2015 (from April 1, 2014 to March 31,
2015)
(1) Consolidated Business Results

(%: year-on-year change)

Net Sales	Operating Income	Ordinary Income	Net Income
Year Ended March 31, 2015 Year Ended March 31, 2014	Million yen 460,968 406,040	% 13.5 19.8	Million yen 9,303 4,523	% 105.7 172.7	Million yen 10,007 4,942	% 102.5 80.1	Million yen 2,775 1,315	% 111.1 17.5

Note) Comprehensive income
Year Ended March 31, 2015: 13,957 million yen (53.9%) Year Ended March 31, 2014: 9,069 million yen (△24.3%)

Net Income per Share	Fully Diluted Net Income per Share	Return on Equity	Ordinary Income to Total Assets	Operating Income to Net Sales
Year Ended March 31, 2015 Year Ended March 31, 2014	yen 65.81 31.17	yen - -	% 3.8 2.0	% 4.8 2.7	% 2.0 1.1

Note) Equity in earnings of affiliated companies
Year Ended March 31, 2015: 99 million yen Year Ended March 31, 2014: 59 million yen
(2) Consolidated Financial Position

Total Assets	Equity	Shareholders' Equity Ratio	Equity per Share
Year Ended March 31, 2015 Year Ended March 31, 2014	Million yen 222,736 189,923	Million yen 113,904 100,450	% 34.6 36.0	yen 1,825.21 1,619.42

Note) Shareholders' Equity
Year Ended March 31, 2015: 76,968 million yen Year Ended March 31, 2014: 68,290 million yen
(3) Consolidated Cash Flow

Cash Flows from Operating Activities	Cash Flows from Investing Activities	Cash Flows from Financing Activities	Cash and Cash Equivalents at the end of the period
Year Ended March 31, 2015 Year Ended March 31, 2014	Million yen 9,345 6,280	Million yen △8,504 △6,896	Million yen 672 2,481	Million yen 32,107 27,694

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2. Dividends

Dividends per share	Total amount of dividends (Total)	Dividend propensity (Consolidated)	Dividend on equity ratio (Consolidated)
(Base Date)	1Q	2Q	3Q	Year End	Total	Total amount of dividends (Total)	Dividend propensity (Consolidated)	Dividend on equity ratio (Consolidated)
Year Ended March 31, 2014 Year Ended March 31, 2015	yen - -	yen 9.00 9.00	yen - -	yen 9.00 10.00	yen 18.00 19.00	Million yen 759 801	% 57.7 28.9	% 1.2 1.1
Year Ending March 31, 2016 (Forecast)	-	10.00	-	10.00	20.00	25.6

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2016 (from April 1, 2015 to March 31, 2016)

(%: full year/ year-on-year change, interim period/compared to the same period of the previous fiscal year)

Net Sales	Operating Income	Ordinary Income	Net Income	Net Income per Share
Interim period Full year	Million yen 246,000 500,000	% 15.2 8.5	Million yen 4,250 9,500	% 17.1 2.1	Million yen 4,500 10,000	% 11.4 △0.1	Million yen 1,300 3,300	% 86.9 18.9	yen 30.83 78.26

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※Notes

(1) Changes in important subsidiaries during the term under review (changes in specified subsidiaries requiring a change in the scope of consolidation): Yes
Newly added: None
Excluded: 1 (NYK LOGISTICS (AUSTRALIA) PTY.LTD.)
(2) Changes in accounting policies, changes in accounting estimates, and restatement

① Changes in accounting policies related to the revision of accounting standards : Yes

② Changes other than the changes set out in ① above : None

③ Changes in accounting estimates : None

④ Restatement : None

(3) Total number of outstanding shares (common shares)

① Number of outstanding shares at the end of term

(including treasury stock)

② Number of treasury stock at the end of term

③ Average number of shares during the period

[References] Non-Consolidated Business Results and Financial Position
1．Non-Consolidated Business Results and Financial Position for the Fiscal Year Ended March 31, 2015 (from April 1, 2014 to March
31, 2015)
(1) Non-Consolidated Business Results (%: year-on-year change)

Net Sales	Operating Income	Ordinary Income	Net Income
Year Ended March 31, 2015 Year Ended March 31, 2014	Million yen 85,393 69,212	% 23.4 1.0	Million yen 1,159 281	% 312.5 -	Million yen 2,410 1,039	% 131.8 48.1	Million yen 164 802	% △79.6 56.9

Net Income per Share	Fully Diluted Net Income per Share
Year Ended March 31, 2015 Year Ended March 31, 2014	yen 3.88 19.02	yen - -

(2) Non-Consolidated Financial Position

Total Assets	Equity	Shareholders' Equity Ratio	Equity per Share
Year Ended March 31, 2015 Year Ended March 31, 2014	Million yen 63,104 56,914	Million yen 26,428 26,041	% 41.9 45.8	yen 626.65 617.53

Note) Shareholders' Equity
Year Ended March 31, 2015: 26,426 million yen Year Ended March 31, 2014: 26,041 million yen
* Audit Procedures
This earnings report is not subject to auditing procedures under the Financial Instruments and Exchange Act, and auditing procedures for financial statements are in place at the time this earnings report is disclosed.
* Explanation about the appropriate use of earnings forecasts and other comments
The above projections are based on information available at the time of the release of this report and contain uncertainties. Actual results could differ materially from the projections due to changes in business conditions and other factors.

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