Summary Report of Consolidated Financial Results For the ...

[Pages:9]Summary Report of Consolidated Financial Results For the Six Months Ended December 31, 2016

(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)

Don Quijote Holdings Co., Ltd.

Securities Code No.: 7532

Shares Listed:

Tokyo Stock Exchange

Address:

2-19-10 Aobadai, Meguro-ku, Tokyo

Representative:

Kohji Oohara, President and CEO

Contact:

Mitsuo Takahashi, Senior Managing Director (Phone: +81-3-5725-7588)

URL:



(Amounts in million yen are rounded off to the nearest million) 1. Overview of Business Results and Financial Position for the six months ended 31 December, 2016

(1) Results of Business Operations

(Millions of yen, except per-share data)

Net Sales Change (%)

Operating Income

Change (%)

Ordinary Income

Change (%)

Six Months Ended December 31, 2016

417,694

8.6

26,343

3.0

26,928

4.1

Six Months Ended December 31, 2015

384,445

12.3

25,571

9.2

25,873

7.6

(Note) Comprehensive income: 18,922 million yen [16.9%] (FY 2017.6 2Q), 16,185 million yen [3.7%] (FY 2016.6 2Q)

Six Months Ended December 31, 2016 Six Months Ended December 31, 2015

Profit Attributable to Change (%) Owners of Parent

16,459

15.6

14,232

3.9

Net Income Per Share

(Yen)

104.09

90.05

Net Income Per Share-fully diluted (Yen)

104.05

89.97

(2) Financial Position

(Millions of yen, except per-share data)

Total Assets

Net assets

Ratio of Shareholders' Equity to Total Assets (%)

As of December 31, 2016

628,931

265,432

39.3

June 30, 2016

560,568

244,547

41.3

(Reference) Equity: 247,482 million yen (as of December 31, 2016), 231,528 million yen (as of June 30, 2016)

2. Dividends

Yen

Three Months Ended Six Months Ended

Nine Months

September 30

December 31

Ended March 31

Year Ended June 30, 2016

5.00

Year Ending June 30,

2017

5.00

Year Ending June 30,

2017 (Forecast)

(Note) Revision to the dividend forecast in the second quarter of fiscal 2017: None

Year Ended June 30

17.00

18.00

Total 22.00

23.00

3. Consolidated Business ForecastFor the year ending June 30, 2017 (From July 1, 2016 to June 30, 2017) (Millions of yen, except per-share data)

Net Sales

Change (%)

Operating Income

Change (%)

Ordinary Income

Change (%)

Profit Attributable to

Owners of Parent

Change (%)

Net Income per Share

(Yen)

Year Ending June 30, 2017

820,000

8.0

45,000

4.2

45,500

3.9

27,500

10.3

173.88

(Note) Revision to the business forecast in the second quarter of fiscal 2017: Yes

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4. Others (1) Significant changes in the scope of consolidation: None

Newly consolidated: Excluded:

(2) Simplified accounting methods and special accounting methods for preparation of the quarterly consolidated

financial statements: None

(3) Changes in accounting policies concerning preparation of quarterly consolidated financial statements

Changes in line with revision to accounting standards: Yes Other changes: None Changes in accounting estimates: None Restatement: None

(4) Number of outstanding shares (Common stock)

Number of outstanding shares (Treasury stock included) Number of treasury stock Average number of outstanding shares during the period (5) Changes in accounting policies

December 31, 2016 June 30, 2016 December 31, 2016 June 30, 2016 December 31, 2016 December 31, 2015

158,156,560 shares 158,118,160 shares

4,633 shares 4,633 shares 158,129,763 shares 158,051,983 shares

(Application of Implementation Guidance on Recoverability of Deferred Tax Assets)

The Company adopted the "Implementation Guidance on Recoverability of Deferred Tax Assets" (Accounting Standards Board of Japan (ASBJ) Accounting Statement No. 26 of March 28, 2016; hereinafter called the "Implementation Guidance on Recoverability") from the first quarter of the fiscal year under review and revised part of its accounting treatment for recoverability of deferred tax assets.

As for application of the Implementation Guidance on Recoverability, the Company followed the transitional treatment stipulated in paragraph 49 (4) of the Implementation Guidance on Recoverability. The differences between the amount of deferred tax assets and deferred tax liabilities at the beginning of the first quarter of the current fiscal year in the case of applying the paragraph 49 (3) 1 to 3 of the Implementation Guidance on Recoverability and the amount of deferred tax assets and deferred tax liabilities at the end of the previous fiscal year were added to the retained earnings at the beginning of the first quarter of the current fiscal year.

As a result, deferred tax assets (investments and other assets) increased by ?4,890 million, retained earnings increased by ?2,406 million and non-controlling interests increased by ?2,484 million at the beginning of the first quarter of the current fiscal year.

Implementation Status of Financial Audit This financial summary is not subject to quarterly review under the Financial Instrument and Exchange Act. Quarterly review procedures for the consolidated financial statements are being conducted at the time of the announcement of this financial summary.

Explanation regarding the appropriate use of forecasts of business results The financial forecasts of business results are based on judgments and estimates that have been made using currently available information. By nature, such financial forecasts are subject to uncertainties and risks. Therefore, actual results might be significantly different from the aforementioned forecasts for a variety of reasons, including changes in economic environments related to our business, market trends and exchange rates.

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Consolidated Quarterly Balance Sheets

Assets

Current assets Cash and deposits Notes and Accounts receivable-trade Purchased receivables Merchandise Other Allowance for doubtful accounts Total current assets

Non-current assets Property, plant and equipment Buildings and structures, net Tools, furniture and fixtures, net Land Other, net Total property, plant and equipment Intangible assets Goodwill Other Total intangible assets Investments and other assets Investment securities Lease and guarantee deposits Other Allowance for doubtful accounts Total investments and other assets Total non-current assets

Total assets

As of December 31, 2016

Amount

(Millions of yen) As of June 30,

2016 Amount

?58,021 11,002 8,135

122,677 27,850 (25)

227,660

?42,894 7,720 6,606

117,400 21,423

(66) 195,977

110,677 16,383 169,155

3,506 299,721

6,439 10,431 16,870

3,967 39,407 43,112 (1,806) 84,680 401,271 ?628,931

108,114 16,616 165,185

2,137 292,052

6,852 10,153 17,005

5,736 35,645 15,950 (1,797) 55,534 364,591 ?560,568

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Liabilities

Current liabilities Accounts payable-trade Short-term loans payable Current portion of long-term loans payable Current portion of bonds Payables under fluidity lease receivables Income taxes payable Provision for point card certificates Other Total current liabilities

Non-current liabilities Bonds payable Long-term loans payable Long-term payables under fluidity lease receivables Asset retirement obligations Negative goodwill Other Total non-current liabilities

Total liabilities

Net assets

Shareholders' equity Capital stock Capital surplus Retained earnings Treasury shares Total shareholders' equity

Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income

Subscription rights to shares Non-controlling interests Total net assets

Total liabilities and net assets

As of December 31, 2016

Amount

(Millions of yen) As of June 30,

2016 Amount

?87,992 2,830 7,691 20,116 7,098 8,507 1,525

31,193 166,952

?70,194 1,680

18,557 12,686

7,147 5,573 1,327 30,831 147,995

66,948 87,827 22,956

5,572 396

12,848 196,547 363,499

76,471 45,082 26,876

5,177 439

13,981 168,026 316,021

22,407 25,257 200,614

(14) 248,264

290 (1,072)

(782) 44

17,906 265,432 628,931

22,382 25,215 184,205

(14) 231,788

12 (272) (260)

23 12,996 244,547 560,568

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Consolidated Quarterly Statements of Income

Net sales Cost of sales

Gross profit Selling, general and administrative expenses

Operating income

Non-operating income Interest and dividend income Gain on valuation of derivatives Amortization of negative goodwill Penalty income Other Total non-operating income

Non-operating expenses Interest expenses Bond issuance cost Cost of claim's liquidation Foreign exchange losses Other Total non-operating expenses

Ordinary income

Extraordinary income Gain on sales of non-current assets Gain on sales of investment securities Other Total extraordinary income

Extraordinary losses Loss on retirement of non-current assets Loss on closing of stores Other Total extraordinary losses

Profit before income taxes

Income taxes - Current Income taxes - Deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent

Six months ended December 31, 2016

Amount ?417,694 307,054 110,640 84,297 26,343

(Millions of yen) Six months ended December 31, 2015

Amount ?384,445 281,504 102,941 77,370 25,571

442 539

43 82 1,053 2,159

334 43

703 623 1,703

551 151 270 466 136 1,574 26,928

522 81

314 220 264 1,401 25,873

45

9

215

54

314

9

98 143

67 308 26,934

9,568 (2,085) 7,483 19,451 2,992 ?16,459

51 919

1 971 24,911

8,197 262

8,459 16,452

2,220 ?14,232

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Consolidated Quarterly Statements of Comprehensive Income

Six months ended December 31, 2016

Amount

(Millions of yen) Six months ended December 31, 2015

Amount

Profit Other comprehensive income

Valuation difference on available-for-sale securities Foreign currency translation adjustment Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests

?19,451

292 (821) (529) ?18,922

?15,938 2,984

?16,452

(218) (49)

(267) ?16,185

?13,976 2,209

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Consolidated Quarterly Statements of Cash Flows

Cash flows from operating activities: Profit before income taxes Depreciation Amortization of negative goodwill Increase (decrease) in provision Interest and dividend income Interest expenses Gain on sales of investment securities Increase in notes and accounts receivable - trade Increase in inventories Increase in notes and accounts payable - trade Other, net Subtotal Interest and dividend income received Interest expenses paid Income taxes paid Income taxes refund

Net cash provided by operating activities

Cash flows from investing activities: Purchase of property, plant and equipment Proceeds from sales of property, plant and equipment Purchase of intangible assets Payments for lease and guarantee deposits Proceeds from collection of lease and guarantee deposits Payment for store opening in progress Proceeds from sales of investment securities Payments of loans receivable Other, net

Net cash used in investing activities

Cash flows from financing activities: Net increase in short-term loans payable Proceeds from long-term loans payable Repayment of long-term loans payable Proceeds from issuance of bonds Redemption of bonds Repayments of payables under fluidity lease receivables Proceeds from issuance of common shares Cash dividends paid Cash dividends paid to non-controlling interests Other, net

Net cash provided by financing activities Effect of exchange rate change on cash and cash equivalents

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Six months ended December 31, 2016

Amount

(Millions of yen) Six months ended December 31, 2015

Amount

?26,934 7,739 (43) (211) (442) 551 (215) (4,971) (5,532)

17,982 4,141

45,933 314 (559)

(7,154) 1,203 39,737

?24,911 7,068 (43) 158 (334) 522 (3,933)

(12,882) 23,623

3,278 42,368

242 (469) (10,160) 1,624 33,605

(18,314) 1,288 (441) (1,738) 183 (390) 1,118

(22,536) (475)

(41,305)

(21,700) 53

(274) (1,144)

66 (1,530)

(1,685)

(229) (26,443)

1,249 44,023 (13,996)

8,349 (10,593)

(4,228) 50

(2,688) (583) (11)

21,572 (491)

538 24,100 (3,793)

4,819 (3,320) (3,810)

309 (2,369)

(567) (5)

15,902 (206)

Net increase in cash and cash equivalents Cash and cash equivalents at beginning of period Increase in cash and cash equivalents

from newly consolidated subsidiary Decrease in cash and cash equivalents resulting from

exclusion of subsidiaries from consolidation Increase in cash and equivalents resulting

from change of accounting period of consolidated subsidiaries Cash and cash equivalents at end of period

19,513 44,496

103

49 ?64,161

22,858 51,292

(32)

?74,118

Segment Information

For the six months ended December 31, 2016 1. Information concerning sales and income by reporting segment

(Millions of yen)

Sales, Segment income Sales

Reporting segment

Retail business

Rent business

Sub Total

Others (Note 1)

Total

Adjustment Consolidated

(Note 2)

(Note 3)

Sales to third parties

?403,716 ?10,349 ?414,065 ?3,629 ?417,694

? ?417,694

Intersegment sales

271

9,780

10,051

4,951 15,002

(15,002)

Total

403,987 20,129 424,116

8,580 432,696

(15,002) 417,694

Segment income

?14,321 ?8,442 ?22,763 ?3,485 ?26,248

?95 ?26,343

Notes

1. The other businesses segment includes the services of real estate business, marketing business and financial service

business that are not included in other reporting segments.

2. The ? 95 million adjustment to segment income is an intersegment elimination.

3. Segment income is adjusted to the quarterly consolidated operating income.

2. Information concerning impairment loss of fixed assets or goodwill by reporting segment

(Significant impairment losses on non-current assets)

Information is omitted since it is immaterial.

(Significant changes in goodwill)

Information is omitted since it is immaterial.

(Significant gain on negative goodwill)

Not applicable

For the six months ended December 31, 2015 1. Information concerning sales and income by reporting segment

(Millions of yen)

Sales, Segment income Sales

Reporting segment

Retail business

Rent business

Sub Total

Others (Note 1)

Total

Adjustment Consolidated

(Note 2)

(Note 3)

Sales to third parties

?371,409 ?9,737 ?381,146 ?3,299 ?384,445

? ?384,445

Intersegment sales

7

8,762

8,769

3,747

12,516

(12,516)

Total

371,416 18,499 389,915

7,046 396,961

(12,516) 384,445

Segment income

?15,393 ?7,129 ?22,522 ?3,266 ?25,788

?(217) ?25,571

Notes

1. The other businesses segment includes the services of real estate business, marketing business and financial service

business that are not included in other reporting segments.

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