New Japan Radio : Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2017

Earnings Release

For the Fiscal Year Ended March 31, 2017 [Japan GAAP]

Name of listed company: New Japan Radio Co.,Ltd. (URL: http://www.njr.com)

Stock exchange: Tokyo Stock Exchange-First Section

Code No.: 6911

Representative: Ryo Ogura, Representative Director, President

Contact: Masanori Sudo, Manager, General Affairs Department / TEL: +81-3-5642-8222 Scheduled date for the general shareholder's meeting: June 23, 2017

Scheduled date for the annual securities report: June 29, 2017 Scheduled date for dividend payment: ―

Supplemental material on annual results: Yes

Presentation on annual results: Yes (for securities analysts)

(Amounts are rounded off to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2017 (April 1, 2016 - March 31, 2017)

   (Note) Comprehensive Income (Loss):	For the fiscal year ended March 31, 2017	525 millions of yen	－%
   For the fiscal year ended March 31, 2016	(40) millions of yen	－%

   (Reference) Equity in Net Income of Affiliates:	For the fiscal year ended March 31, 2017 For the fiscal year ended March 31, 2016
   (2) Consolidated Financial Position

   • millions of yen

   • millions of yen

   (1) Consolidated Results of Operations

   Net Sales		Operating Income		Ordinary Income		Profit Attributable to Owners of parent
   Year ended:	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)
   March 31, 2017	48,865	2.2	1,792	(42.7)	1,859	( 39.9)	616	(75.3)
   March 31, 2016	47,816	5.7	3,126	7.1	3,095	(8.4)	2,496	(45.5)

   Basic Net Income per Share	Diluted Net Income per Share	Return on Equity	Ordinary Income to Total Assets	Operating Margin
   Year ended:	(yen)	(yen)	(%)	(%)	(%)
   March 31, 2017	15.75	―	5.6	4.6	3.7
   March 31, 2016	63.81	―	23.4	7.8	6.5

   Total Assets	Total Equity	Shareholders' Equity Ratio	Shareholders' Equity per Share
   March 31, 2017	(millions of yen)	(millions of yen)	(%)	(yen)
   	40,409	11,192	27.7	286.09
   March 31, 2016	40,254	10,666	26.5	272.67

   Cash Flows from Operating Activities	Cash Flows from Investing Activities	Cash Flows from Financing Activities	Cash and Cash Equivalents at Fiscal Year End
   Year ended:	(millions of yen)	(millions of yen)	(millions of yen)	(millions of yen)
   March 31, 2017	2,455	(2,434)	(449)	1,252
   March 31, 2016	4,534	(3,086)	(973)	1,661

   (Reference) Shareholders' Equity:	March 31, 2017 March 31, 2016	11,192 millions of yen 10,666 millions of yen
   (3) Consolidated Cash Flows

2. Cash Dividends per Share

   Dividends per Share					Total Cash Dividends Paid for the Year	Dividends Payout Ratio (Consolidated)	Ratio of Dividends to Net Assets (Consolidated)
   End of the First Quarter	End of the Second Quarter	End of the Third Quarter	Year-end	Total
   Year ended:	(yen)	(yen)	(yen)	(yen)	(yen)	(millions of yen)	(%)	(%)
   March 31, 2016	―	0.00	―	0.00	0.00	―	―	―
   March 31, 2017	―	0.00	―	0.00	0.00	―	―	―
   March 31, 2018 (Forecasts)	―	0.00	―	0.00	0.00	―

3. Consolidated Financial Results Forecasts for the Fiscal Year ending March 31, 2018 (April 1, 2017 - March 31, 2018)

   Net Sales		Operating Income		Ordinary Income		Profit Attributable to Owners of parent		Basic Net Income per Share
   Year ending M a r c h 3 1 , 2 0 18	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(yen)
   	52,000	6.4	2,500	39.5	2,600	39.8	2,500	305.7	63.90

4. Others

1. Changes in significant subsidiaries (Changes in specified subsidiaries involving changes in scope of consolidation) : None

2. Changes in accounting:

3. Changes of accounting policies due to revision of accounting standards and other regulations: None

4. Change of accounting policies other than i.: None

5. Change in accounting estimates: None

6. Retrospective restatement: None

   As of Marc h 31 , 2017	39,131,000 shares	As of March 31, 2016	39,131,000 shares
   As of Marc h 31 , 2017	9,938 shares	As of March 31, 2016	9,938 shares
   For the fiscal year ended M a r c h 3 1 , 2 0 1 7	39,121,062 shares	For the fiscal year ended M a r c h 3 1 , 2 0 1 6	39,121,206 shares

7. Number of issued shares (common stock)

Number of issued shares: (inclusive of treasury stock)

Number of treasury stock:

Weighted average number of shares:

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2017 (April 1, 2016 - March 31, 2017)

1. Non-consolidated Results of Operations

   Net Sales		Operating Income		Ordinary Income		Net Income
   Year ended:	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)
   March 31, 2017	42,833	1.2	510	(74.5)	757	(69.3)	0	(100.0)
   March 31, 2016	42,312	13.1	2,004	(4.0)	2,466	17.9	2,081	(40.9)

   Basic Net Income per Share	Diluted Net Income per Share
   Year ended:	(yen)	(yen)
   March 31, 2017	0.01	―
   March 31, 2016	53.20	―

2. Non-consolidated Financial Position

Total Assets	Total Equity	Shareholders' Equity Ratio	Shareholders' Equity per Share
March 31, 2017	(millions of yen)	(millions of yen)	(%)	(yen)
	33,034	7,572	22.9	193.58
March 31, 2016	32,725	7,740	23.7	197.85

(Reference) Shareholders' Equity:	March 31, 2017	7,572 millions of yen
March 31, 2016	7,740 millions of yen

• This earnings release is not subject to the audit procedure as required by the Financial Instruments and Exchange Act of Japan.

• Explanation of appropriate use of the forecasts

  Forward-looking statements in this earning release, such as the forecasts of operation results, are based on information currently available and assumptions regarded as reasonable, and therefore actual results may differ materially from those contained in any forward-looking statements due to various matters.

• Translations

This document is provided as a convenience to you, and New JRC makes no representation regarding the accuracy or completeness of the translations.