Comparative Consolidated Balance Sheets (Summary)

(Millions of yen)

FY2015
As of March 31,
2015		 FY2016
Second quarter
As of September 30,
2015
ASSETS
Current assets 10,304 9,989
Fixed assets 6,249 6,688
Total assets 16,554 16,677
LIABILITIES
Current liabilities 5,619 5,844
Fixed Liabilities 3,902 3,930
Total liabilities 9,522 9,775
NET ASSETS
Total net assets 7,032 6,901
Total liabilities and net assets 16,554 16,677

Balance sheet
Total assets increased in comparison with the end of the previous fiscal year by ¥123 million, to reach ¥16.677 billion. Cash and deposits, notes and accounts receivable, and inventory assets all declined, resulting in a ¥315 million decrease in total current assets. Factors such as an increase in capital investment drove a ¥439 million increase in total fixed assets.

Comparative Consolidated Profit and Loss Statements (Summary)

(Millions of yen)

Six months ended
September 30, 2014
 Six months ended
September 30, 2015
Net sales 14,262 9,924
Cost of sales 11,039 7,269
Selling, general and administrative expenses 2,720 2,287
Operating income 502 366
Ordinary income 434 353
Net Income before Income Taxes 547 345
Net income 318 237

Income statement
With the sale of all shares in Daiichi Kasei Holdings in March 31, 2015, the majority of the Group's plastics operations were removed from the consolidated accounts. Net sales declined 30.4% YoY to ¥9.924 billion, operating income fell 27.0% YoY to ¥366 million and ordinary income slumped 18.6% YoY to ¥353 million. H1 net income returned to the shareholders of the parent company contracted 25.5% YoY to ¥237 million.

Comparative Consolidated Statements of Cash Flows (Summary)

(Millions of yen)

Six months ended
September 30, 2014		 Six months ended
September 30, 2015
Cash flows from operating activities 751 761
Cash flows from investing activities 128 -931
Cash flows from financing activities -959 27
Cash and cash equivalents at the end of quarter 2,898 3,210

Cash Flow
Cash and cash equivalents from investment activities diminished ¥197 million from the end of the previous consolidated fiscal year (March 31, 2015), to ¥3.210 billion.