Net sales Operating income Ordinary income

November 4, 2015 Summary of Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2016 (Six Months Ended September 30, 2015) [Japanese GAAP] Company name: JCU CORPORATION Listing: Tokyo Stock Exchange, First Section Stock code: 4975 URL: http://www.jcu-i.com/ Representative: Contact: Yoshimasa Kasuya, Chairman and CEO Tamon Kasuya, Executive Officer, and Chief Director, Administration Tel: +81-3-6895-7001 Scheduled date of filing of Quarterly Report: November 9, 2015 Scheduled date of payment of dividend: December 7, 2015 Preparation of supplementary materials for quarterly financial results: Yes Holding of quarterly financial results meeting: Yes (for institutional investors and analysts) Note: The original disclosure in Japanese was released on November 4, 2015 at 15:00 (GMT +9). (All amounts are rounded down to the nearest million yen) 1. Consolidated Financial Results for the Six Months Ended September 30, 2015 (April 1, 2015 September 30, 2015) (1) Consolidated results of operations (Percentages represent year-over-year changes) Net sales Operating income Ordinary income Profit attributable to owners of parent Million yen % Million yen % Million yen % Million yen % Six months ended Sep. 30, 2015 9,928 5.8 2,350 9.6 2,387 9.8 1,605 11.4 Six months ended Sep. 30, 2014 9,384 21.0 2,145 92.4 2,173 70.0 1,441 86.3 Note: Comprehensive income (million yen) Six months ended Sep. 30, 2015: 1,584 (up 18.9 %) Six months ended Sep. 30, 2014: 1,332 (up 7.0%) Net income per share Diluted net income per share Yen Yen Six months ended Sep. 30, 2015 227.64 - Six months ended Sep. 30, 2014 204.31 - Note: The Company conducted a 2-for-1 common stock split on October 1, 2014. Net income per share has been calculated as if this stock split had taken place at the beginning of the previous fiscal year. (2) Consolidated financial position Total assets Net assets Equity ratio Million yen Million yen % As of Sep. 30, 2015 21,102 14,857 70.0 As of Mar. 31, 2015 21,616 13,633 62.7 Reference: Shareholders equity (million yen) As of Sep. 30, 2015: 14,762 As of Mar. 31, 2015: 13,545 2. Dividends Dividend per share 1Q-end 2Q-end 3Q-end Year-end Total Yen Yen Yen Yen Yen FY3/15-80.00-50.00 - FY3/16-60.00 FY3/16 (forecasts) - 60.00 120.00 Note 1: Revisions to the most recently announced dividend forecast: None Note 2: Breakdown of dividend per share: 2Q-end FY3/16: Ordinary dividend of 50.00 yen, commemorative dividend of 10.00 yen Year-end FY3/16 (forecast): Ordinary dividend of 50.00 yen, commemorative dividend of 10.00 yen Note 3: The Company conducted a 2-for-1 common stock split on October 1, 2014. The total amount of dividend per share for FY3/15 is not presented since it makes no sense to simply aggregate the 2Q-end figure (on a pre-split basis) and the year-end figure (on a post-split basis) 3. Consolidated Forecast for the Fiscal Year Ending March 31, 2016 (April 1, 2015 March 31, 2016) (Percentages represent year-over-year changes) Profit attributable to Net sales Operating income Ordinary income Net income per share owners of parent Million yen % Million yen % Million yen % Million yen % Yen Full year 20,000 1.0 5,000 8.5 5,000 3.4 3,500 9.2 496.15 Note: Revisions to the most recently announced dividend forecast: Yes

* Notes (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in change in scope of consolidation): None Newly added: - Excluded: - (2) Application of special accounting methods for presenting quarterly consolidated financial statements: None (3) Changes in accounting policies and accounting-based estimates, and restatements 1) Changes in accounting policies due to revisions in accounting standards, others: Yes 2) Changes in accounting policies other than 1) above: None 3) Changes in accounting-based estimates: None 4) Restatements: None Note: Please refer to 2. Matters Related to Summary Information (Notes), (3) Changes in Accounting Policies and Accounting-based Estimates, and Restatements on page 4 of the attachments for further information. (4) Number of outstanding shares (common shares) 1) Number of shares outstanding at the end of the period (including treasury shares) As of Sep. 30, 2015: 7,054,800 shares As of Mar. 31, 2015: 7,054,800 shares 2) Number of treasury stock shares at the end of the period As of Sep. 30, 2015: 466 shares As of Mar. 31, 2015: 466 shares 3) Average number of shares outstanding during the period Six months ended Sep. 30, 2015: 7,054,334 shares Six months ended Sep. 30, 2014: 7,054,334 shares Note: The Company conducted a 2-for-1 common stock split on October 1, 2014. Note 1: Information regarding the implementation of quarterly review procedures The current quarterly financial summary is exempted from quarterly review procedures based on the Financial Instruments and Exchange Law. At the time of disclosure, the review procedures for the quarterly financial statements have not been completed. Note 2: Cautionary statement with respect to forward-looking statements and other special items Forecasts of future performance in this report are based on assumptions judged to be valid and information currently available to the Company. Actual results may differ substantially from these forecasts for a number of reasons.

Contents of Attachments 1. Qualitative Information on Quarterly Consolidated Financial Performance 2 (1) Explanation of Results of Operations 2 (2) Explanation of Financial Position 2 (3) Explanation of Consolidated Forecast and Other Forward-looking Statements 3 2. Matters Related to Summary Information (Notes) 4 (1) Changes in Significant Subsidiaries during the Period 4 (2) Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements 4 (3) Changes in Accounting Policies and Accounting-based Estimates, and Restatements 4 3. Quarterly Consolidated Financial Statements 5 (1) Quarterly Consolidated Balance Sheet 5 (2) Quarterly Consolidated Statements of Income and Comprehensive Income 7 (3) Quarterly Consolidated Statements of Cash Flows 9 (4) Notes to Quarterly Consolidated Financial Statements 11 Going Concern Assumption 11 Significant Changes in Shareholders Equity 11 Segment and Other Information 11 1

1. Qualitative Information on Quarterly Consolidated Financial Performance (1) Explanation of Results of Operations Looking at the world economy for the first half of the fiscal year ending March 31, 2016 (hereinafter referred to as the period under review ), the US economy remained on its recovery path, as consumer spending grew at a solid pace. The European economy also continued its modest recovery, supported mainly by the expansion of export sector on the back of the euro weakness. On the other hand, the China s economic growth has slowed with private investment losing momentum. Furthermore, there are a number of risk factors that put a downward pressure on the world economy, including the expected interest rate increases in the United States and the Middle East turmoil. The Japanese economy was also at a standstill, given various factors including the slowing Chinese economy. Against this backdrop, the JCU Group have achieved sales of 9,928 million yen (up 5.8% year over year) due to strong sales of chemicals in the overseas market. Consequently, profits increased at all levels, with operating income, ordinary income and profit attributable to owners of parent of 2,350 million yen (up 9.6% year over year), 2,387 million yen (up 9.8% year over year) and 1,605 million yen (up 11.4% year over year), respectively. Reportable segment performance was as follows. Chemicals business The chemicals business segment generated sales of 8,412 million yen (up 12.2% year over year) thanks to the growth in sales of plating chemicals for PWBs in China, Taiwan and South Korea, as well as strong sales of plating chemicals for automotive components in China. Segment profit increased from a year earlier to 3,062 million yen (up 8.7% year over year). Machine business The machine business segment reported sales of 1,106 million yen (down 25.4% year over year) and the segment performance fell below the year-over-year result with segment profit of 48 million yen (down 29.0% year over year). However, new orders remained solid with the amount of orders received during the period under review having reached 622 million yen (up 20.4% year over year). The order backlog at the end of the period under review increased to 1,262 million yen (up 66.1% year over year). New businesses The new businesses segment reported sales of 409 million yen (up 0.6% year over year) due to the booking of sales of plasma surface treatment machines, while an increase in selling, general and administrative expenses has resulted in the segment loss of 244 million yen (as compared with a segment loss of 224 million yen a year earlier). (2) Explanation of Financial Position 1) Assets, liabilities and net assets Assets Total assets at the end of the period under review decreased 513 million yen (2.4%) from the end of the previous fiscal year to 21,102 million yen. Current assets decreased 653 million yen (4.2%) to 14,857 million yen mainly due to decreases in inventories and deferred tax assets. Non-current assets increased 140 million yen (2.3%) to 6,244 million yen mainly due to an increase in investment securities through the purchase of equity shares overseas. 2

Liabilities Total liabilities at the end of the period under review decreased 1,738 million yen (21.8%) from the end of the previous fiscal year to 6,244 million yen. Current liabilities decreased 1,467 million yen (26.0%) to 4,168 million yen mainly due to a decrease in income taxes payable as a result of payment of income taxes and also a decrease in accounts payable-trade. Non-current liabilities decreased 270 million yen (11.5%) to 2,076 million yen mainly due to a decrease in long-term loans payable as a result of repayment of loans. Net assets Net assets at the end of the period under review increased 1,224 million yen (9.0%) from the end of the previous fiscal year to 14,857 million yen mainly due to an increase in retained earnings as a result of reporting of profit. 2) Cash flows Cash and cash equivalents at the end of the period under review decreased 81 million yen from the end of the previous fiscal year to 6,338 million yen. The details of cash flows from each activity and the major components of changes are as follows. Cash flows from operating activities Net cash provided by operating activities increased 279 million yen (33.0%) from the same period of the previous fiscal year, during which there was a significant increase in notes and accounts receivable-trade, to 1,124 million yen due to an increase in income before income taxes and non-controlling interests and a decrease in inventories. Cash flows from investing activities Net cash used in investing activities increased 162 million yen (51.5%) from the same period of the previous fiscal year to 477 million yen as the payment for the purchase of investment securities increased while the payment for the purchase of property, plant and equipment decreased. Cash flows from financing activities Due to an increase in cash dividends paid, net cash used in financing activities amounted to 775 million yen, which is a 1,027 million yen decrease from the same period of the previous fiscal year, during which net cash provided by financing activities was 252 million yen mainly due to proceeds from long-term loans payable. (3) Explanation of Consolidated Forecast and Other Forward-looking Statements For the full-year consolidated forecast for the current fiscal year, the Company has reviewed the current performance trends and revised the previously released earnings forecasts of May 8, 2015, as follows. Net sales Operating income Ordinary income Profit 20,000 million yen 5,000 million yen 5,000 million yen 3,500 million yen Note: The above projections are based on information available at the time of release of this summary report. Actual results may differ significantly from these projections due to changes in the economic environment and other factors. 3

2. Matters Related to Summary Information (Notes) (1) Changes in Significant Subsidiaries during the Period (2) Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements (3) Changes in Accounting Policies and Accounting-based Estimates, and Restatements The Company has applied the Accounting Standard for Business Combinations (Accounting Standards Board of Japan (ASBJ) Statement No. 21, September 13, 2013), Accounting Standard for Consolidated Financial Statements (ASBJ Statement No. 22, September 13, 2013), Accounting Standard for Business Divestitures (ASBJ Statement No. 7, September 13, 2013), etc. from the first quarter of the current fiscal year. Accordingly, difference arising from changes in the Company s ownership interests in subsidiaries in cases where control is retained is recognized in capital surplus, and the acquisition costs in connection with business combinations are recognized as expenses in the fiscal year in which they arise. Regarding business combinations that take place on or after the beginning of the first quarter of the current fiscal year, the Company has revised the method to reflect reviewed allocation of the acquisition costs arising from determination of the provisional accounting treatment on the quarterly consolidated financial statements to which the date of the business combination belongs. In addition, the presentation of profit and other items has been revised, and the minority interests item has been renamed non-controlling interests. For consistency with these changes, the consolidated financial statements for the second quarter of the previous fiscal year and the previous fiscal year have been revised. In the quarterly consolidated statement of cash flows for the period under review, cash flows arising from purchase or sales of shares of subsidiaries that do not result in change in the scope of consolidation were presented in the section of Cash flows from financing activities, while cash flows arising from the costs associated with the purchase of shares of subsidiaries resulting in change in the scope of consolidation or the costs associated with purchase or sales of shares of subsidiaries that do not result in change in the scope of consolidation were presented in the section of Cash flows from operating activities. The Company has adopted the Accounting Standard for Business Combinations, etc. from the beginning of the first quarter of the current fiscal year in accordance with the transitional accounting treatments set forth in Article 58-2 (4) of the Accounting Standard for Business Combinations, Article 44-5 (4) of the Accounting Standard for Consolidated Financial Statements and Article 57-4 (4) of the Accounting Standard for Business Divestitures. The effect of these changes on the quarterly consolidated financial statements for the period under review is insignificant. 4

3. Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Balance Sheet Assets Current assets FY3/15 (As of Mar. 31, 2015) Second quarter of FY3/16 (As of Sep. 30, 2015) Cash and deposits 7,013,660 6,901,852 Notes and accounts receivable-trade 5,695,632 5,740,963 Merchandise and finished goods 1,110,917 1,002,981 Work in process 134,888 63,344 Raw materials and supplies 401,445 324,207 Deferred tax assets 513,526 310,049 Other 825,999 694,607 Allowance for doubtful accounts (184,230) (180,064) Total current assets 15,511,838 14,857,942 Non-current assets Property, plant and equipment Buildings and structures, net 1,740,086 2,156,167 Machinery, equipment and vehicles, net 608,694 678,883 Tools, furniture and fixtures, net 404,111 484,150 Land 522,824 522,824 Leased assets, net 137,036 132,110 Construction in progress 699,169 117,489 Total property, plant and equipment 4,111,922 4,091,626 Intangible assets Goodwill 21,779 18,301 Other 68,518 80,791 Total intangible assets 90,298 99,093 Investments and other assets Investment securities 1,504,670 1,555,420 Deferred tax assets 5,197 85,206 Other 392,316 413,299 Allowance for doubtful accounts (0) (0) Total investments and other assets 1,902,185 2,053,925 Total non-current assets 6,104,406 6,244,645 Total assets 21,616,245 21,102,588 5

Liabilities Current liabilities FY3/15 (As of Mar. 31, 2015) Second quarter of FY3/16 (As of Sep. 30, 2015) Notes and accounts payable-trade 2,320,088 1,668,279 Short-term loans payable 267,038 171,158 Current portion of long-term loans payable 551,844 504,528 Lease obligations 17,981 18,300 Income taxes payable 1,128,214 467,955 Provision for bonuses 361,264 389,648 Provision for loss on construction contracts 13,962 13,962 Advances received 232,357 75,132 Deferred tax liabilities 26,773 36,671 Other 716,599 822,536 Total current liabilities 5,636,123 4,168,172 Non-current liabilities Long-term loans payable 1,019,469 754,755 Lease obligations 155,968 151,232 Net defined benefit liability 801,116 851,283 Deferred tax liabilities 53,220 37 Asset retirement obligations 204,092 206,094 Other 113,196 113,196 Total non-current liabilities 2,347,063 2,076,598 Total liabilities 7,983,187 6,244,770 Net assets Shareholders' equity Capital stock 1,176,255 1,176,255 Capital surplus 1,128,904 1,128,582 Retained earnings 9,514,099 10,767,237 Treasury shares (714) (714) Total shareholders' equity 11,818,545 13,071,360 Accumulated other comprehensive income Valuation difference on available-for-sale securities 283,080 106,786 Foreign currency translation adjustment 1,443,739 1,584,575 Total accumulated other comprehensive income 1,726,819 1,691,361 Non-controlling interests 87,692 95,095 Total net assets 13,633,057 14,857,817 Total liabilities and net assets 21,616,245 21,102,588 6

(2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income (For the Six-month Period) First six months of FY3/15 (Apr. 1, 2014 Sep. 30, 2014) First six months of FY3/16 (Apr. 1, 2015 Sep. 30, 2015) Net sales 9,384,309 9,928,311 Cost of sales 4,007,702 3,995,600 Gross profit 5,376,607 5,932,711 Selling, general and administrative expenses Salaries and allowances 1,069,758 1,147,388 Bonuses 323,185 334,188 Retirement benefit expenses 61,478 74,406 Depreciation 127,183 156,197 Provision of allowance for doubtful accounts 6,770 - Other 1,642,785 1,870,179 Total selling, general and administrative expenses 3,231,162 3,582,361 Operating income 2,145,444 2,350,349 Non-operating income Interest income 12,223 12,909 Dividend income 18,419 18,474 Foreign exchange gains 8,353 - Reversal of allowance for doubtful accounts - 7,764 Share of profit of entities accounted for using equity method 102 - Other 3,988 20,850 Total non-operating income 43,087 59,997 Non-operating expenses Interest expenses 14,090 11,784 Foreign exchange losses - 9,203 Share of loss of entities accounted for using equity method - 143 Other 1,187 2,119 Total non-operating expenses 15,277 23,251 Ordinary income 2,173,254 2,387,095 Extraordinary income Gain on sales of non-current assets 4,977 3,515 Total extraordinary income 4,977 3,515 Extraordinary losses Loss on sales of non-current assets - 156 Loss on retirement of non-current assets 618 312 Loss on valuation of investment securities 467 - Total extraordinary losses 1,086 469 Income before income taxes and non-controlling interests 2,177,145 2,390,141 Income taxes-current 522,996 605,954 Income taxes-deferred 154,360 163,314 Total income taxes 677,357 769,269 Profit 1,499,788 1,620,872 Profit attributable to non-controlling interests 58,502 15,017 Profit attributable to owners of parent 1,441,286 1,605,854 7

Quarterly Consolidated Statement of Comprehensive Income (For the Six-month Period) First six months of FY3/15 (Apr. 1, 2014 Sep. 30, 2014) First six months of FY3/16 (Apr. 1, 2015 Sep. 30, 2015) Profit 1,499,788 1,620,872 Other comprehensive income Valuation difference on available-for-sale securities 68,382 (176,294) Foreign currency translation adjustment (235,132) 140,216 Share of other comprehensive income of entities accounted for using equity method (96) - Total other comprehensive income (166,846) (36,077) Comprehensive income 1,332,942 1,584,795 Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 1,279,152 1,570,396 53,789 14,398 8

(3) Quarterly Consolidated Statement of Cash Flows Cash flows from operating activities First six months of FY3/15 (Apr. 1, 2014 Sep. 30, 2014) First six months of FY3/16 (Apr. 1, 2015 Sep. 30, 2015) Income before income taxes and non-controlling interests 2,177,145 2,390,141 Depreciation 187,769 246,013 Amortization of goodwill 41,016 3,385 Increase (decrease) in allowance for doubtful accounts 6,307 (7,803) Increase (decrease) in provision for bonuses 78,802 27,009 Increase (decrease) in net defined benefit liability 49,364 50,313 Interest and dividend income (30,642) (31,383) Interest expenses 14,090 11,784 Foreign exchange losses (gains) (27,682) 6,155 Share of (profit) loss of entities accounted for using equity method (102) 143 Loss (gain) on sales of non-current assets (4,977) (3,359) Loss on retirement of non-current assets 618 312 Loss (gain) on valuation of investment securities 467 - Decrease (increase) in notes and accounts receivable-trade (927,414) 32,949 Increase (decrease) in advances received 59,484 (157,689) Decrease (increase) in inventories (211,720) 270,025 Increase (decrease) in notes and accounts payable-trade 166,444 (671,265) Decrease (increase) in advance payments 159,275 31,355 Other, net (300,778) 174,579 Subtotal 1,437,467 2,372,667 Interest and dividend income received 35,059 35,804 Interest expenses paid (14,045) (12,670) Income taxes paid (661,121) (1,275,691) Income taxes refund 47,922 4,521 Net cash provided by (used in) operating activities 845,282 1,124,631 Cash flows from investing activities Decrease (increase) in time deposits 253,475 45,140 Purchase of property, plant and equipment (490,502) (179,080) Proceeds from sales of property, plant and equipment 1,842 4,076 Purchase of intangible assets (14,649) (20,421) Purchase of investment securities (391) (309,229) Purchase of golf club memberships - (19,259) Proceeds from liquidation of subsidiaries and associates - 8,391 Purchase of shares of subsidiaries (14,618) - Other, net (50,556) (7,490) Net cash provided by (used in) investing activities (315,400) (477,873) 9

Cash flows from financing activities First six months of FY3/15 (Apr. 1, 2014 Sep. 30, 2014) First six months of FY3/16 (Apr. 1, 2015 Sep. 30, 2015) Net increase (decrease) in short-term loans payable (81,540) (99,636) Proceeds from long-term loans payable 900,000 - Repayments of long-term loans payable (369,095) (309,330) Repayments of finance lease obligations (7,418) (9,614) Cash dividends paid (193,707) (352,227) Proceeds from share issuance to non-controlling shareholders 3,861 - Dividends paid to non-controlling interests - (4,361) Net cash provided by (used in) financing activities 252,099 (775,171) Effect of exchange rate change on cash and cash equivalents (64,647) 46,542 Net increase (decrease) in cash and cash equivalents 717,334 (81,870) Cash and cash equivalents at beginning of period 4,180,478 6,420,519 Cash and cash equivalents at end of period 4,897,812 6,338,648 10

(4) Notes to Quarterly Consolidated Financial Statements Going Concern Assumption Significant Changes in Shareholders Equity Omitted because there is no significant year-over-year changes in the amount of shareholders equity. Segment and Other Information I. First six months of FY3/15 (Apr. 1, 2014 Sep. 30, 2014) 1. Information related to sales and profit or loss for each reportable segment Sales Sales to outside customers Inter-segment sales and transfers Chemicals business Reportable segment Machine business New businesses Total Adjustments (Note 1) Amounts shown on quarterly consolidated statement of income (Note 2) 7,494,861 1,482,258 407,190 9,384,309-9,384,309 - - 499 499 (499) - Total 7,494,861 1,482,258 407,689 9,384,809 (499) 9,384,309 Segment profit (loss) 2,815,819 68,608 (224,344) 2,660,084 (514,639) 2,145,444 Notes: 1. The above adjustments are as follows. To segment profit First six months of FY3/15 (Apr. 1, 2014 Sep. 30, 2014) Inter-segment transaction elimination 3,330 Corporate expenses * (517,970) Total (514,639) * Corporate expenses mainly include general and administrative expenses that cannot be attributed to reportable segments. 2. Segment profit (loss) is adjusted with operating income shown on the quarterly consolidated statement of income. 2. Information related to impairment losses on non-current assets or goodwill, etc. for each reportable segment Significant impairment losses related to non-current assets Significant change in goodwill Significant gain on bargain purchase 11

II. First six months of FY3/16 (Apr. 1, 2015 Sep. 30, 2015) 1. Information related to sales and profit or loss for each reportable segment Sales Sales to outside customers Inter-segment sales and transfers Chemicals business Reportable segment Machine business New businesses Total Adjustments (Note 1) Amounts shown on quarterly consolidated statement of income (Note 2) 8,412,105 1,106,377 409,829 9,928,311-9,928,311 - - 382 382 (382) - Total 8,412,105 1,106,377 410,211 9,928,693 (382) 9,928,311 Segment profit (loss) 3,062,107 48,704 (244,740) 2,866,071 (515,721) 2,350,349 Notes: 1. The above adjustments are as follows. To segment profit First six months of FY3/16 (Apr. 1, 2015 Sep. 30, 2015) Inter-segment transaction elimination 3,173 Corporate expenses * (518,895) Total (515,721) * Corporate expenses mainly include general and administrative expenses that cannot be attributed to reportable segments. 2. Segment profit (loss) is adjusted with operating income shown on the quarterly consolidated statement of income. 2. Information related to impairment losses on non-current assets or goodwill, etc. for each reportable segment Significant impairment losses related to non-current assets Significant change in goodwill Significant gain on bargain purchase * This summary report is solely a translation of Kessan Tanshin (in Japanese, including attachments), which has been prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers who prefer an English translation. 12