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August 7, 2015 Interim Financial Results for Fiscal 2015, the Year Ending December 31, 2015
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August 7, 2015

Interim Financial Results for Fiscal 2015, the Year Ending December 31, 2015

Contents

—1—

Management Integration Overview ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P2

Business Structure ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P3

KNT-CT Holdings’ Scope of Consolidation ・・・・・・・・・・・・・・・・・・・・・・・ P4

Interim Results for FY2015 ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P5

Sales by Segment for FY2015 1st Half ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P6

Consolidated Balance Sheets at the End of FY2015 1st Half ・・・・・・・ P7

Consolidated Cash Flow Statement for FY2015 1st Half ・・・・・・・・・・・・・ P8

Full-Year Forecasts of Consolidated Financial Results for FY2015 ・・・ P9

Optimizing Sales Synergies ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P10

Inbound Travel Business・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P11

Progress and Outlook for Three Major Companies ・・・・・・・・・・・・・ P12-14

Management Integration Overview

Reorganization to a holding company framework under KNT-CT Holdings Co., Ltd., on January 1, 2013

—2—

On January 1, 2013, the KNT Group shifted to a holding company framework. KNT-CT Holdings Co., Ltd., is

promoting independent management of group companies and stronger links between them, while working to maximize

synergies by leveraging the strengths of the Kinki Nippon Tourist and Club Tourism International brands.

Business Structure

—3—

Kinki Nippon Tourist Co., Ltd.

Club Tourism International Inc.

Kinki Nippon Tourist Individual Tour Co., Ltd.

KNT-CT Holdings Co.,

Ltd.

Kinki Nippon Tourist Hokkaido Co., Ltd.

Kinki Nippon Tourist Tohoku Co., Ltd.

Kinki Nippon Tourist Chugoku-Shikoku Co., Ltd.

Twelve domestic consolidated subsidiaries of KNT-CT Holdings Co., Ltd.

Sixteen overseas consolidated subsidiaries of KNT-CT Holdings Co., Ltd.

Three subsidiaries

Kinki Nippon Tourist Kyushu Co., Ltd.

KNT-CT Holdings’ Scope of Consolidation

NTT Data Teranos Corporation

KNT Travel (Thailand) Co., Ltd.

H&M INSURANCE HAWAII, GRIFFIN INSURANCE

KIE (USA), KIE (EUR), KIE (OCE), HTM, KNT KOREA, KNT Taiwan, othersTourist Experts Co., Ltd

Kinki Nippon Tourist Shoji Co., Ltd.

Tourist Service Hokkaido Co., Ltd., KNT Business Create Co., Ltd., Club Tourism Marketing Co., Ltd.Tourist International Assistance Service, Inc.

Event & Convention House, Inc.

JapanOutside Japan

14 travel companies outside Japan

11 other affiliated companies

Temporary staff services

Merchandising and insurance

Business consignment and others

Travel assistance servicesEvent and convention planning

Kinki Nippon Tourist Co., Ltd., Kinki Nippon Tourist Individual Tour Co., Ltd., Club Tourism International Inc., Kinki Nippon Tourist Hokkaido Co., Ltd., Kinki Nippon Tourist Tohoku Co., Ltd., Kinki Nippon Tourist Kanagawa Co., Ltd., Kinki Nippon Tourist Chugoku-Shikoku Co., Ltd., Kinki Nippon Tourist Kyushu Co., Ltd., Kinki Nippon Tourist Okinawa Co., Ltd., United Tours Co., Ltd., T-Gate, Inc., Showa Travelers Club Co., Ltd., Sanki Travel Service Co., Ltd.

—4—

2 reinsurance underwritingbusinesses

Club Tourism Life Care Service., Ltd.Care-giving services

Two companies affiliated by the equity method

38 consolidated subsidiaries

KNT-CT Holdings building

Club Tourism Space Tours Inc.Space travel business

13 travel companies in Japan

Interim Results for FY2015

数字はダミー FY2015 first half FY2014 first half Increase/Decrease % change

Sales 192,936 202,276 (9,339) (4.6)

Gross income 34,974 34,643 331 0.9Operating

income / loss 181 (1,130) 1,312Ordinary income

/ loss 357 (984) 1,342Extraordinary

income 28 112 (84) (75.1)Extraordinary

loss 17 111 (93) (84.0)

Net loss (251) (1,257) 1,006

(Millions of yen)

—5—

Sales by Segment for FY2015 1st Half

—6—

IndividualTravel

BusinessGroup TourBusiness Other Adjustment

Amount Recorded in Consolidated Financial

Statements

Actual YoY change Actual YoY

change Actual YoY change Actual Actual YoY

change

Sales to external

customers111,116 (6,187) 47,413 (3,142) 34,321 (29) 85 192,936 (9,339)

Inter-segment sales and transfers

41 (3) 729 52 4,863 (678) (5,633) ― ―

Total sales 111,158 (6,191) 48,142 (3,090) 39,184 (708) (5,548) 192,936 (9,339)

Income and loss by

segment(128) 1,358 233 (399) (168) 27 244 181 1,312

(Millions of yen)

Consolidated Balance Sheets at the End of FY2015 1st Half

FY2015 1st Half(June 30, 2015)

FY2014(December 31, 2014)

Increase/decrease

Current assets 113,845 103,182 10,662Cash and deposits 66,079 60,277 5,801

Fixed assets 19,543 20,862 △1,318Total assets 133,388 124,045 9,343

Current liabilities 104,681 94,139 10,541Trade accounts

payable and unsettled travel

tickets43,715 41,003 2,711

Fixed liabilities 5,447 6,201 △753Total liabilities 110,128 100,340 9,787

Total net assets 23,260 23,704 △444Retained earnings 4,898 5,149 △251

Total liabilities and net assets 133,388 124,045 9,343

(Millions of yen)

FY2015 1st Half

(June 30, 2015)

FY2014(December 31,

2014)

Capital adequacy

ratio17.4% 19.1%

FY2015 1st Half

(June 30, 2015)

FY2014(December 31,

2014)

Net assets per share

85.63 yen

87.57 yen

—7—

(Millions of yen)

Consolidated Cash Flow Statement for FY2015 1st Half

FY2015 1st Half(January 1, 2015 − June 30, 2015)

FY2014 1st Half(January 1, 2014 − June 30, 2014)

Cash flows used in operating activities 5,292 2,699

Cash flows from investment activities 1,050 (851)

Cash flows from financing activities 24 28

Cash and cash equivalents at the end of the interim period

64,140 56,660

—8—

Full-Year Forecasts of Consolidated Financial Results for FY2015

Full-year Forecast for FY2015

Sales 436,000 million yen

Operating income 4,800 million yen

Ordinary income 5,000 million

Net income 3,000 million yen

Net income per share 11.09 yen

—9—

Unizo Higashi-Kanda 1-Chome Building1-7-8 Higashi Kanda, Chiyoda-ku, Tokyo, Japan 101-8641

Public Relations, General Affairs Department,TEL: 03-6891-6839 FAX: 03-6891-6890URL: http://www.kntcthd.co.jp/

IR Inquiries


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