Autobacs Seven : Earnings Release "Consolidated Financial Results for the Three Months Ended June 30, 2016"(PDF)

July 29, 2016

Consolidated Financial Results for the Three Months Ended June 30, 2016【Japanese Standards】

Company name : AUTOBACS SEVEN CO., LTD.

Code number : 9832

(URL http://www.autobacs.co.jp/) Headquarters : Tokyo, Japan

Company Representative : Kiomi Kobayashi, Representative Director

Contact for further information : Noritaka Hiraga, Officer, Finance & Accounting Telephone : +81-3-6219-8787

Stock exchange listing : Tokyo

Submission of Quarterly Business Report : August 5, 2016 Start of cash dividend payments : -

Supplementary quarterly materials prepared : Yes Quarterly results information meeting held : None

1. Results for the Three months ended June 30, 2016 (From April 1, 2016 to June 30, 2016)

   (Note: Amounts less than 1 million Yen have been rounded down. A figure in ( ) indicates a loss or a negative figure.)

2. Results of operations:

   (Unit: Millions of Yen except for per share information, and % information which indicates increase or decrease( ).)

   Net sales Operating income Ordinary income

   Three months ended June 30, 2016	47,549	(3.1)	％	180	％ (81.4)	539	(59.2)	％
   Three months ended June 30, 2015	49,095	1.3	968	-	1,323	229.1

   Note: Comprehensive income : (655) million yen for the three months ended June 30, 2016 : - %

   503 million yen for the three months ended June 30, 2015 : (34.0) %

   Profit attributable to owners of parent		Basic net income per share (Yen)	Basic net income per share - diluted (Yen)
   Three months ended June 30, 2016	210	％ (63.9)	2.50	-
   Three months ended June 30, 2015	582	272.1	6.75	-

3. Financial position:

4. (Unit: Millions of Yen except for per share information)

   Net assets per
   Total assets	Total net assets	Equity ratio	share (Yen)
   Three months ended	％
   June 30, 2016	174,272	128,579	73.6	1,527.19
   Fiscal year ended
   March 31, 2016	180,454	131,747	72.8	1,564.86
   (Reference) Equity : Three months ended June 30, 2016 : 128,305 million Yen
   For the year ended March 31, 2016 : 131,455 million Yen

5. Dividends

   Dividends per share	(Yen)
   First Quarter	Second Quarter	Third Quarter	Year -end	Annual
   Fiscal year ended
   March 31, 2016	-	30.00	-	30.00	60.00
   Fiscal year ended
   March 31, 2017	-	-	-	-	-
   Fiscal year ended
   March 31, 2017
   (forecast)	-	30.00	-	30.00	60.00
   Note : Revisions to dividend forecasts published most recently : None

6. Forecast for the fiscal year ending March 2017 (from April 1, 2016 to March 31, 2017)

   (Unit: Millions of Yen, percentage figures denote year-on-year change)

   Net sales	Operating income	Ordinary income
   ％	％	％
   Semiannual	100,600	1.9	2,500	0.1	2,900	(7.3)
   Annual	214,900	3.2	8,000	19.4	8,900	14.4
   Profit attributable to	Basic net income
   owners of parent	per share(Yen)
   ％
   Semiannual	1,700	4.7	20.23
   Annual	5,800	32.7	69.04
   Note : Revisions to financial forecasts published most recently : None

7. Other

8. Significant changes in scope of consolidation : None

9. Adoption of special accounting policies for quarterly financial statements : None

10. Changes in accounting policies, accounting estimation change and restatement

11. Changes due to changes in accounting standard : None

12. Changes due to changes in accounting standard except (3)-1. : None

13. Changes due to accounting estimation change : None

14. Restatement : None

15. Shares outstanding (common stock)

16. Number of shares outstanding (including treasury stock) Three months ended June 30, 2016 : 84,050,105 shares Fiscal year ended March 31, 2016 : 86,950,105 shares

17. Number of treasury stock at the end of period Three months ended June 30, 2016 : 36,342shares Fiscal year ended March 31, 2016 : 2,945,239 shares

18. Average shares outstanding over quarter

19. Three months ended June 30, 2016 : 84,009,321 shares

    Three months ended June 30, 2015 : 86,204,537 shares

    ※Indication regarding the situation of quarterly review procedures

    These financial results are not subject to the quarterly review procedures pursuant to the Financial Instruments and Exchange Act. At the time of the disclosure of the financial results, the procedures for reviewing quarterly financial statements pursuant to the Financial Instruments and Exchange Act had not been completed.

    ※Statement regarding the proper use of financial forecasts and other special remarks (Statement regarding the proper use of financial forecasts)

    These forecast performance figures are based on the information currently available to the Company's

    management and certain assumptions judged rational. Accordingly, these might be cases in which actual results materially differ from forecasts of this report.

    (Other special remarks)

    The Company is scheduled to adopt the International Financial Reporting Standards (IFRS) from the fiscal year ended March 31, 2017. However, since we considered the domestic and international situation and others, we have decided to postpone the adoption of IFRS indefinitely.

    Matters Concerning Summary Information

    Additional Information:

    (Application of "Guidance for Recoverability of deferred tax assets")

    "Guidance for Recoverability of deferred tax assets" (ASBJ Guidance No.26, March 28, 2016) applied from the first quarter ended June 30, 2016.