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Investor Presentaiton

Consolidated balance sheets ■ Acquisition of own shares amounted to 5.0 billion yen and total dividends amounted to 2.0 billion yen GURUNAVI (JPY million) As of Mar. 31, 2016 As of Mar. 31, 2017 As of Mar. 31, Change (JPY million) 2016 As of Mar. 31, 2017 Change Total current assets 20,889 15,661 (5,227) Total current liabilities 6,809 5,647 (1,162) Cash and deposits 13,131 7,922 (5,209) Accounts payable-other 2,264 2,241 (22) Notes and accounts 4,670 receivable-trade 4,663 (6) Income taxes payable 1,457 714 (742) Accounts receivable- 1,747 other 1,893 145 Provision for bonuses 1,378 1,042 (335) Allowance for doubtful Provision for point card accounts (286) (274) 12 168 148 certificates (20) Other 1,625 1,456 (169) Other 1,541 1,500 (41) Total non-current 6,433 assets 8,255 1,821 Total non-current liabilities 216 231 14 Property, plant and 933 equipment 1,090 156 Total liabilities 7,026 5,878 (1,147) Intangible assets 3,550 4,822 1,272 Total net assets 20,296 18,038 (2,257) Investments and other assets 1,949 2,342 393 Equity 20,266 18,013 (2,252) Total liabilities and Total assets 27,322 23,917 (3,405) net assets 27,322 23,917 (3,405) 2017 Gurunavi, Inc. 8
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