ADVANEX : Flash Report (Consolidated Basis) Results for FY2017 Third quarter (Nine months ended December 31，2016)

1. Performance (April 1, 2016 through December 31, 2016) (Figures less than ¥1 million have been omitted.)

1. Consolidated operating results (For the Nine months ended December 31.).

   Percentages indicate year-on-year increase (decrease)

   Net sales		Operating income		Ordinary Income		Net income
   Nine months ended December 31, 2016	Millions of yen 13,248 14,517	%	Millions of yen 168 492	%	Millions of yen 236 491	%	Millions of yen 81 337	%
   		(8.7)		(65.8)		(52.0)		(75.8)
   Nine months ended December 31, 2016		(33.7)		(36.0)		(38.7)		(42.8)

   [Note] Comprehensive income: Nine months ended December 31,2016 26 million yen

   Nine months ended December 31,2015 167 million yen

   Net income per share	Net income per share after dilution
   Nine months ended December 31, 2016 Nine months ended December 31, 2015	Yen 19.97 82.42	Yen 19.80 81.81

   (Note) Advanex Inc. conducted consolidation of common shares (consolidate 10 shares into 1 share) effective on October 1, 2015. Net income per share and Net income per share after dilution are calculated under the assumption that this share consolidation was conducted at the beginning of the previous fiscal year.

2. Consolidated financial position

[Reference] Total shareholder's equity: ¥ 6,417 million yen at December 31, 2016 ¥ 6,536 million yen at March 31, 2016

1. Dividends

   Dividends per share
   Record date	First quarter -end dividends	Second quarter -end dividends	Third quarter -end dividends	Year-end dividends	Total
   Year ended March 31, 2016	Yen	Yen	Yen	Yen	Yen
   	--	--	--	35.00	35.00
   Year ended March 31, 2017	--	--	--	30.00	30.00
   Year ended March 31, 2017 (forecast)

   [Note] Revisions to the latest forecast of cash dividends: No

2. Forecast of consolidated results for FY2017 (April 1, 2016 through March 31, 2017)

   Percentages indicate year-on-year increase (decrease)

   Net sales		Operating income		Ordinary income		Net income (loss)		Net income (loss) per share
   Year ended March 31, 2017	Millions of yen	%	Millions of yen	%	Millions of ye n	%	Millions of yen	%	Yen
   	17,700	(7.2)	450	(32.7)	400	(40.5)	220	(62.5)	53.88

   [Note] Revisions to the latest forecasts of consolidated results: No

3. Others

1. Significant changes in subsidiaries during the subject fiscal year: No Additions: 0 Deletions: 0

2. Application of simplified accounting and specific accounting: No

1. Changes in accounting principles, procedures, presentations, etc.

2. Changes associated with revision of accounting standards, etc: No

3. Changes other than a.: No

4. Changes in accounting estimates: No

5. Restatement: No

6. Number of shares outstanding (Common stock)

7. Number of shares outstanding at end of period (Including treasury stock) 4,153,370 shares at December 31, 2016

   4,153,370 shares at March 31, 2016

8. Number of shares of treasury stock at end of period 71,202 shares at December 31, 2016

9. 69,313 shares at March 31, 2016

   c. Average number of shares issued and outstanding in each period: 4,083,070 shares at December 31, 2016

   4,097,028 shares at December 31, 2015

   [Notes] Advanex Inc. conducted consolidation of common shares (consolidate 10 shares into 1 share) effective on October 1, 2015. Net

   income per share and Net income per share after dilution are calculated under the assumption that this share consolidation was conducted at the beginning of the previous fiscal year.

   [Notes]

   1. Explanation for related to implementation of the quarterly review procedures

   When disclosing this Brief Report of Financial Results, the review procedures for quarterly financial statements under the Financial Instruments and Exchange Law have not been brought to completion.

   2. Explanation for appropriate use of financial forecasts and other special remarks

   The above-mentioned forecasts are based on the information available as of the date when this information is disclosed, as well as on the assumptions as of the disclosing date of this information related with unpredictable parameters that are probable to affect our future business performances. Our actual performance is likely to differ greatly from these estimates depending on various factors in the future.