New Japan Radio : Summary of Consolidated Financial Results for the Second Quarter Ended September 30, 2017

Earnings Release

For the Second Quarter Ended September 30, 2017

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 quarterly report: November 10, 2017

Scheduled date for dividend payment: ―

Supplemental material on quarterly results: Yes

Presentation on quarterly results: Yes (for securities analysts)

Summary of Consolidated Financial Results for the Second Quarter Ended September 30, 2017

(Amounts are rounded off to the nearest million yen)

1. Consolidated Financial Results for the Second Quarter Ended September 30, 2017 (April 1, 2017 - September 30, 2017)

2. Consolidated Results of Operations

   Net Sales		Operating Income		Ordinary Income		Profit Attributable to Owners of parent
   6 months ended:	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)	(millions of yen)	YoY (%)
   September 30, 2017	25,270	5.0	889	37.9	880	80.7	844	135.0
   September 30, 2016	24,058	0.8	645	(66.0)	487	(74.8)	359	(80.6)

   (Note) Comprehensive Income(Loss): For the 6 months ended September 30, 2017 1,017 millions yen ( ― %)

   For the 6 months ended September 30, 2016 56 millions yen ((96.2)%)

   Basic Net Income per Share	Diluted Net Income per Share
   6 months ended:	(yen)	(yen)
   September 30, 2017	21.58	―
   September 30, 2016	9.18	―

3. Consolidated Financial Position

Total Assets	Total Equity	Shareholders' Equity Ratio	Shareholders' Equity per Share
September 30, 2017	(millions of yen)	(millions of yen)	(%)	(yen)
	43,669	12,209	28.0	312.11
March 31,2017	40,409	11,192	27.7	286.09

(Reference) Shareholders' Equity: September 30, 2017 12,209 millions of yen March 31, 2017 11,192 millions of yen

4. Cash Dividends per Share

   End of the 1st Quarter	End of the 2nd Quarter	End of the 3rd Quarter	Year-end	Total
   Year ending March 31, 2017	(yen)	(yen)	(yen)	(yen)	(yen)
   	―	0.00	―	0.00	0.00
   Year ending March 31, 2018	―	0.00
   Year ending March 31, 2018 (Forecasts)	―	0.00	0.00

   (Note) Revision to the latest forecasts of dividends: None

5. 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
   FY2017 (Full year)	(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

   (Note) Revision to the latest forecasts of consolidated financial results: None

6. Others

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

2. Adoption of simplified or exceptional accounting methods: None

3. Changes in accounting:

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

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

6. Change in accounting estimates: None

7. Retrospective restatement: None

   As of September 30, 2017	shares	As of March 31, 2017	shares
   	39,131,000		39,131,000
   As of September 30, 2017	shares	As of March 31, 2017	shares
   	9,938		9,938
   For the 6 months ended September 30, 2017	shares	For the 6 months ended September 30, 2016	shares
   	39,121,062		39,121,062

8. Number of shares issued (common stock) Number of issued shares:

(inclusive of treasury stock)

Number of treasury stock:

Weighted average number of shares:

*** 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.