Summary of Consolidated Financial Statements for the Second Quarter Fiscal 2013 (JPGAAP)
October 31, 2013
Tokuyama Corporation
Stock exchange listings:
Tokyo
Local Code :4043(URL http://www.tokuyama.co.jp/)
Representative:
Kazuhisa Kogo, President and Representative Director
Contact:
Yoshifumi Matsumoto
General Manager, Corporate Communications & Investor Relations Dept.
+81-3-6205-4832
Scheduled date for the filing of the quarterly consolidated financial statements : November 14, 2013
December 2, 2013
Scheduled date of dividends payout :Preparation of supplementary quarterly explanatory materials: Yes
Quarterly business results IR briefing to be held:
Yes (for institutional investors and analysts)

1. Consolidated results for fiscal second quarter ended Sept. 30, 2013 (Apr. 1, 2013 – Sept. 30, 2013)(1) Performance

Note: All amounts are rounded down to the nearest million yen.
Net sales
Year-on(millions ofyear change
yen)
[%]

Operating income
Year-on(millions ofyear change
yen)
[%]

Ordinary income
Year-on(millions ofyear change
yen)
[%]

Second Quarter Fiscal 2013
135,034
7.2
7,811
885.3
6,094
Second Quarter Fiscal 2012
125,985(11.2)
792(90.3)(1,980)(Note) Comprehensive income: 2nd Quarter FY13: 6,361 million yen [-%] 2nd Quarter FY12: (4,672) million yen [-%]Net income

Second Quarter Fiscal 2013
Second Quarter Fiscal 2012

Net income per
share

Diluted net income
per share(millions of yen)

Year-on-yearchange [%]

(yen)

(yen)

4,518
(2,539)-12.99(7.30)-

Total assets

Net assets(millions of yen)(millions of yen)

Shareholders’Equity ratio(%)

Net assets per
share
(yen)

(2) Consolidated financial position

Sept. 30, 2013
Mar. 31, 2013

528,000
229,303518,251
223,871
Sept. 30, 2013: 222,734 million yen(Reference) Shareholders' equity:

42.2
640.2042.0625.29Mar. 31, 2013: 217,554 million yen

2. Dividends
1st quarter（Period）
Fiscal 2012, ended
Mar 31, 2013
Fiscal 2013, ending
Mar 31, 2014
Fiscal 2013
（Forecast）

Annual dividends per share
2nd quarter 3rd quarter
Year-end

Total

(yen)

(yen)

(yen)

(yen)

(yen)

-

-

-

3.00

3.00

-

3.00
-

3.00

6.00

(Note) Revision of the latest dividends forecast: No

3. Consolidated performance forecast for fiscal 2013 (April 1, 2013 - March 31, 2014)(% indicates the rate of change over the corresponding previous period)

Net sales(millionsofyen)Operating income Ordinary income[%](millions

of
yen)

[%]

(millions

of
yen)

[%]

Fiscal 2013
275,500
6.5
14,000 106.7
10,000 209.4(Note) Revision of the latest consolidated performance forecast: No-1-

Net income pershare

Net income(millions

of
yen)

7,500

[%]

-

(yen)

21.56

*Notes(1) Changes in significant subsidiaries during this period (Apr. 1, 2013 – Sept. 30, 2013): No
Addition to the scope of consolidation: Reduction from the scope of consolidation: (Note) This item means changes in significant subsidiaries with changes in the scope of consolidation
during this period (Apr. 1, 2013 – Sept. 30, 2013).
(2) Application of accounting methods specific to the preparation of the quarterly consolidated
financial statements: Yes(3) Changes of accounting policies, changes in accounting estimates, and retrospective restatements
i. Changes of accounting policies by revision of accounting standards: No
No
ii. Changes of accounting policies other than the above:iii. Changes in accounting estimates:No
No
iv. Retrospective restatements:(4) Number of shares issued (in common stock)
Number of shares issued at end of period Second Quarteri.
Fiscal 2013:(including treasury stock):ii.

Number of treasury stock at end of period:iii. Average number of shares over period:

Second Quarter

Fiscal 2013:
Second Quarter

Fiscal 2013:

349,671,876

Fiscal 2012:

349,671,876

1,758,706

Fiscal 2012:

1,742,749

347,919,018

Second Quarter

Fiscal 2012:

347,942,170(Note) Notice on the implementation of quarterly review proceduresThis summary of quarterly consolidated financial statements is not subject to quarterly review procedures inline with the Financial Instruments and Exchange Act. At the point of disclosure of this summary of quarterly
consolidated financial statements, the quarterly consolidated financial statements review procedures in linewith the Financial Instruments and Exchange Act are underway.

(Note) Cautions pertaining to appropriate use of performance forecast and other particular items
The performance forecast and other forward-looking statements contained in this material have been
prepared on the basis of information available at this point and certain assumptions which are judged to
be rational, and may be substantially different from the actual performance because of various factors that
may arise from now on.

-2-

1. Qualitative information on consolidated quarterly results(1) Explanation concerning business results
Consolidated results for the second quarter fiscal 2013 (accumulated figures, April
1, 2013 - September 30, 2013) are summarized as follows:(Unit: Billions of yen)
Net sales

Operating income

Ordinary income

Net income (loss)(loss)
Second Quarter Fiscal 2013

135.0

7.8

6.0

4.5

Second Quarter Fiscal 2012

125.9

0.7

(1.9)

(2.5)

7.2

885.3

-

-

Rate of change (%)

Net sales
Despite such negative factors as decreased sales volume of polycrystalline silicon,
consolidated net sales increased 7.2%, or ¥9.0 billion compared with thecorresponding period of the previous year, to ¥135.0 billion. In addition to anincrease in sales volume, which was due to the fact that difficulties at our vinyl
chloride monomer (VCM) plant were resolved, this was largely attributable toselling price revisions of petrochemicals.
Cost of sales
Despite decreased sales volume ofpolycrystalline silicon, Companywide

thoroughgoing cutbacks in costs and other factors, cost of sales increased 3.6%, or¥3.3 billion compared with the corresponding period of the previous year, to¥98.2 billion, due chiefly to domestic naphtha price hikes.
SG&A expenses
SG&A expenses decreased 4.5%, or ¥1.3 billion compared with the corresponding
period of the previous year, to ¥28.9 billion, due mainly to lower distribution costs
as a result of decreased sales volume of polycrystalline silicon and Companywide
thoroughgoing cutbacks in costs.
-3-

Operating income
Operating income increased 885.3%, or ¥7.0 billion compared with thecorresponding period of the previous year, to ¥7.8 billion, due chiefly toCompanywide thoroughgoing cutbacks in costs.
Non-operating income/expenses, Ordinary income/loss
Non-operating income/expenses improved by ¥1.0 billion compared with thecorresponding period of the previous year, due chiefly to a change from foreignexchange losses recorded in the corresponding period of the previous year toforeign exchange gains. As a result, ordinary income/loss improved by ¥8.0 billion
compared with the corresponding period of the previous year, to ordinary incomeof ¥6.0 billion.
Extraordinary gains/losses, Income/loss before income taxes, Income/loss
before minority interests, Net income/loss
Extraordinary gains/losses improved by ¥0.7 billion compared with thecorresponding period of the previous year, mainly because the Company did notrecord the provision for business restructuring charges relating to Excel Shanon
Corporation in the period under review, which was recorded in the corresponding
period of the previous year.
As a result of the above, income/loss before income taxes improved by ¥8.8
billion compared with the corresponding period of the previous year, to income of¥5.7 billion.
Income/loss before minority interests, which was computed reflecting income
taxes etc. calculated in an appropriate way, improved by ¥6.8 billion from thecorresponding period of the previous year, to income of ¥4.5 billion.
After deducting minority interests, the Company recorded net income of ¥4.5
billion. Net income/loss improved by ¥7.0 billion from the corresponding periodof the previous year.
-4-(Operating results by segment)
Sales(Unit: Millions of yen)

Others

Total

Adjustment

Figures inquarterly
consolidated
incomestatement

27,17423,255

151,884(16,850)

135,034

34,132

24,526

19,778142,285(16,299)

125,985

6.8

10.8

17.6

6.7

-

7.2

Reportable segment

Second Quarter
Fiscal 2013
Second Quarter
Fiscal 2012
Rate of change (%)

Chemicals

Specialty
Products

Cement41,593

23,41536,44438,522

25,3258.0(7.5)

Life &
Amenity

Operating income (loss)(Unit: Millions of yen)

Adjustment

Figures inquarterly
consolidated
incomestatement

9,352(1,541)

7,811

1,269

3,822

(3,029)

792

67.4

144.7

-

885.3

Reportable segment

Second Quarter
Fiscal 2013
Second Quarter
Fiscal 2012
Rate of change (%)

Others

Total

2,063

2,124

2,250

1,210

23.6

70.5

Chemicals

Specialty
Products

Cement

787

1,596

2,780

54

(962)

-

-

Life &
Amenity(Note 1) Sales and operating income (loss) shown above include inter-segment transactions.
(Note 2) From the first quarter fiscal 2013, the Advanced Components segment was renamed the Life &Amenity segment. We only changed the segment’s name and therefore the product lines of the said
reportable segment have not been changed.
Also, with the aim of implementing more proper management of operating results, the Company changed
the accounting treatment method for expenses that were classified as “Adjustment.” By this change, theCompany has directly imposed expenses clearly related to specific segments, which had been previouslyclassified as “Adjustment,” on specific segments.
Sales and operating income (loss) for the second quarter fiscal 2012 have been recalculated to reflect theabove-mentioned changes.

ChemicalsWith regard to vinyl chloride monomer (VCM), sales increased compared withthe corresponding period of the previous year. In addition to the fact thatdifficulties at our VCM plant, which occurred in the corresponding period of theprevious year, were resolved, this was attributable to a rise in export prices
resulting from the weaker yen.
-5-

With regard to caustic soda, the facility utilization rate of the electrolysis plantrose, as the above-mentioned difficulties at the VCM plant were resolved. Duemainly to this factor, domestic sales volume recovered.
With regard to polyvinyl chloride (PVC), we worked to revise selling prices toabsorb a rise in the price of domestic naphtha.
As a result of the above, segment net sales increased 8.0% compared with thecorresponding period of the previous year, to ¥41.5 billion and operating
income was ¥0.7 billion. The segment reported higher earnings on higher sales.

Specialty Products
With regard to polycrystalline silicon, although the semiconductor-grade market
was on the path of recovery, sales volume of semiconductor-grade
polycrystalline silicon decreased. This was largely attributable to inventory
adjustments in supply chains. In contrast, the solar-grade market remainedsluggish due to excess supply. Against this backdrop, we adopted a sales strategy
that focused on profits and as a result, sales of solar-grade polycrystalline silicon
were soft particularly in terms of volume.
With regard to fumed silica, we revised selling prices in order to absorb the riseof raw material and fuel prices and higher distribution costs.
With regard to aluminum nitride and high-purity chemicals for electronics
manufacturing, sales increased due to the recovery of the semiconductor market.
As a result of the above, segment net sales decreased 7.5% compared with thecorresponding period of the previous year, to ¥23.4 billion, while operating
income was ¥1.5 billion.

CementWith regard to cement, domestic sales were steady due to the recovery in-6-demand in Japan. Export sales increased owing to a rise in export prices resulting
from the weaker yen.
In the recycling and environment-related business, the Company accepted alarger volume of waste as a result of its higher cement production.
As a result of the above, segment net sales increased 6.8% compared with thecorresponding period of the previous year, to ¥36.4 billion and operating
income increased 23.6% to ¥2.7 billion. The segment reported higher earnings
on higher sales.

Life & Amenity
Sales volume of plastic lens-related materials increased owing to the recovery
from damage to the supply chain caused by the flooding in Thailand, which
occurred in 2011.
With regard to polyolefin film, we revised selling prices to absorb price increases
in raw materials and worked to expand sales. Due to these efforts, sales increased
compared with the corresponding period of the previous year.
With regard to plastic window sashes, sales volume increased due to businessreconstruction and sales expansion on the back of the recovery in housing starts.
As a result of the above, segment net sales increased 10.8% compared with thecorresponding period of the previous year, to ¥27.1 billion and operating
income increased 70.5% to ¥2.0 billion. The segment reported higher earnings
on higher sales.

(2) Explanation concerning financial position(Status of assets, liabilities and net assets)
As of September 30, 2013, total assets amounted to ¥528.0 billion, an increase of¥9.7 billion compared with those as of March 31, 2013.
-7-

This was largely attributable to an increase in property, plant and equipment
resulting mainly from construction of polycrystalline silicon manufacturing
facilities in Malaysia. On the other hand, deposits at bank, which were held to be
allotted for the payment of construction expenses, decreased.
Total liabilities amounted to ¥298.6 billion, an increase of ¥4.3 billion comparedwith those as of March 31, 2013.
This was mainly due to short-term loans raised by the medium-term commitmentline contracts, which were concluded for the payment of construction expenses for
the Malaysia project.
Net assets totaled ¥229.3 billion, an increase of ¥5.4 billion compared with those
as of March 31, 2013. This was due to an increase in retained earnings and theimprovement of foreign currency translation adjustments arising from the weakeryen.

(Status of cash flows)
As of September 30, 2013, cash and cash equivalents were ¥30.7 billion, a decreaseof ¥21.7 billion compared with those as of March 31, 2013.
Net cash provided by operating activities totaled ¥11.0 billion, an increase of ¥5.9
billion compared with the corresponding period of the previous year. Principal
items included income before income taxes of ¥5.7 billion and depreciation
expenses of ¥8.1 billion.
Net cash used in investing activities totaled ¥54.9 billion, an increase of ¥25.7
billion compared with the corresponding period of the previous year. Major
contributory factors were payments for purchases of property, plant andequipment of ¥16.6 billion, including construction of polycrystalline silicon
manufacturing facilities in Malaysia, and expenditure for money in trust, which was
set up to be allotted for the payment of construction expenses, of ¥34.3 billion.
-8-

Net cash provided by financing activities amounted to ¥21.1 billion, a decrease of¥18.2 billion compared with the corresponding period of the previous year. Thiswas primarily attributed to a net increase in short-term loans of ¥21.2 billion.

(3) Explanation concerning information related to future prediction such as
consolidated performance forecast
With regard to the consolidated performance forecast for fiscal 2013 (April 1, 2013
– March 31, 2014), although we will continue to make cost-reduction efforts in linewith the Profit Improvement Plan, the future business environment is uncertain.
Therefore, the Company has not revised the performance forecast, announced on
April 30, 2013.
The performance forecast has been prepared on the basis of information available
at this point and certain assumptions which are judged to be rational, and may besubstantially different from the actual performance because of various factors that
may arise from now on.

-9-

Segment information
Second Quarter Fiscal 2012 (accumulated figures, April 1, 2012 – September 30, 2012)
1. Information on sales and income (loss) by reportable segment(Millions of yen)
Reportable segments

Sales
Sales to customers
Inter-segment sales/transfer
Total
Segment income (loss)

Chemicals

Specialty
Products

Cement38,079443
38,522
54

21,0894,235
25,325(962)

34,072
59
34,132
2,250

Life &
Amenity

23,405
1,121
24,526
1,210

Others*1

Total

9,339
10,438
19,778
1,269

125,985
16,299142,285
3,822

Adjustment*2

Figures inquarterly
consolidated
incomestatement*3(16,299)(16,299)(3,029)125,985
125,985792*1 “Others” segment comprises businesses other than those of the reportable segments. Concretely, thesegment includes overseas sales companies, a distribution company, a real estate business, etc.
*2 The segment income (loss) adjustment amount consists mainly of basic R&D expenses that are not related
to specific reportable segments.
*3 With regard to segment income (loss), operating income in the quarterly consolidated statement of income
has been calculated by adjusting the sum total of the reportable segments’ income/loss and the “Others”
segment’s income.

Second Quarter Fiscal 2013 (accumulated figures, April 1, 2013 – September 30, 2013)
1. Information on sales and income (loss) by reportable segment(Millions of yen)
Reportable segments

Sales
Sales to customers
Inter-segment sales/transfer
Total
Segment income

Chemicals

Specialty
Products

Cement41,074519
41,593787

18,482
4,933
23,415
1,596

36,37173
36,444
2,780Life &
Amenity

26,410764
27,174
2,063

Others*1

Total

12,696
10,55923,2552,124

135,034
16,850151,884
9,352

Adjustment*2

Figures inquarterly
consolidated
incomestatement*3(16,850)(16,850)(1,541)135,034
135,034
7,811*1 “Others” segment comprises businesses other than those of the reportable segments. Concretely, thesegment includes overseas sales companies, a distribution company, a real estate business, etc.
*2 The segment income adjustment amount consists mainly of basic R&D expenses that are not related to
specific reportable segments.
*3 With regard to segment income, operating income in the quarterly consolidated statement of income has
been calculated by adjusting the sum total of the reportable segments’ income and the “Others” segment’s
income.

2. Information on changes in reportable segments
From the the first quarter fiscal 2013, the Advanced Components segment was renamed the Life & Amenity
segment. We only changed the segment’s name and therefore the product lines of the said reportable segment
have not been changed.
Also, with the aim of implementing more proper management of operating results, the Company changed theaccounting treatment method for expenses that were classified as “Adjustment.” By this change, the Company
has directly imposed expenses clearly related to specific segments, which had been previously classified as“Adjustment,” on specific segments.
- 10 -

Information on sales and income (loss) by reportable segment for the second quarter fiscal 2012, which havebeen recalculated to reflect the above-mentioned changes, is presented in the “Second Quarter Fiscal 2012
(April 1, 2012 – September 30, 2012)” on page 10.

3. Information on impairment loss of fixed assets or goodwill by reportable segment(Significant impairment loss for fixed assets)
There were no material facts to be reported in the reportable segments. During the second quarter fiscal 2013
(April 1, 2013 – September 30, 2013), impairment losses that were not allocated to the reportable segments
amounted to ¥220 million.
(Significant change of the amount of goodwill)In the Cement segment, the Company acquired shares of Holcim (Nouvelle Calédonie) S.A. so that it would
become the Company’s subsidiary. (The subsidiary’s name was changed to Tokuyama Nouvelle Calédonie S.A.
as of June 28, 2013.) During the second quarter fiscal 2013 (April 1, 2013 – September 30, 2013), the amountof increase in goodwill brought by the said event was ¥3,356 million.

- 11 -

Consolidated quarterly balance sheets
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Lease assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for investment loss
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Millions of yen
3/31/2013

9/30/2013

44,89765,371
8,310
20,275
13,277
17,110547
16,528(205)
186,114

22,99761,867
8,556
19,022
11,32818,827556
14,700(163)
157,694

100,129(68,452)
31,676
451,758(401,103)
50,65523,044(21,086)
1,958
32,895
1,482
(685)
796
156,388274,370

102,076(70,454)
31,622458,728(406,839)
51,88823,270(21,430)
1,840
32,859
1,457
(763)
694
189,382308,287

175
22
7,757
7,955

3,544
18
7,243
10,806

31,476
4,017
965
13,710(21)(337)
49,811
332,137
518,251

33,5703,580
981
13,366(21)(264)
51,212
370,306
528,000

Consolidated quarterly balance sheets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Commercial papers
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Deferred tax liabilities
Provision for bonuses
Provision for repairs
Provision for product warranties
Provision For Restructuring
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Provision for repairs
Allowance for loss on compensation for building materials
Provision for environmental measures
Provision For Restructuring
Asset retirement obligations
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

Millions of yen
3/31/2013

9/30/2013

38,152
8,912
4,000
22,144
338
948
1,377
1,949
1,755
94
29
35,923
115,626

36,03930,6544,000
21,899
327
1,269
515
1,999
1,641
46
16
20,333
118,740

50,000101,796
514
5,993
969
214
2,687
1,276
156
－
5
15,138
178,753294,380

50,000104,350
406
6,659
1,002
180
2,665
1,017
158
3
5
13,506
179,956
298,697

53,45857,67099,058(1,414)
208,773

53,45857,670102,506(1,419)212,215

7,566
2,238
(1,023)8,781
6,316
223,871518,251

8,868
806
843
10,5186,569
229,303
528,000

Consolidated quarterly statements of (comprehensive) income
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Selling expenses
General and administrative expenses
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Foreign exchange gains
Group term insurance dividend
Other
Total non-operating income
Non-operating expenses
Interest expenses
Cost of idle operations
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on sales of noncurrent assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary loss
Loss on sales of noncurrent assets
Impairment loss
Loss on disposal of noncurrent assets
Loss on sales of investment securities
Loss on sales of stocks of subsidiaries and affiliates
Cost of compensation for products
Provision for restructuring
Restructuring expenses
Other
Total extraordinary losses
Income (loss) before income taxes and minority interests
Income taxes
Income (loss) before minority interests
Minority interests in income (loss)
Net income (loss)

Millions of yen
Q2 FY2012 YTD
Q2 FY2013 YTD
125,985
135,034
94,892
98,28431,09336,74917,035
13,26430,300792

16,863
12,07428,938
7,811

37
279
252
－
200
636
1,406

25
312
269
351
181
546
1,684

1,100
867
1,035
1,176
4,180
(1,980)

1,288
1,386
－
726
3,401
6,094

285
156
441

185
379
564

481
－
236
20
－
－
818
10
40
1,607
(3,146)(832)(2,313)225(2,539)

37
220
215
－
78
335
－
－
49
936
5,722
1,204
4,517
0
4,518

Consolidated quarterly statements of comprehensive income
Income (loss) before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

Millions of yen
Q2 FY2012 YTD
Q2 FY2013 YTD(2,313)
4,517(1,573)(1,024)210
29(2,358)(4,672)

1,313(1,431)
1,826
134
1,843
6,361

(4,907)
235

6,255
106

Consolidated quarterly statements of cash flows
Net cash provided by (used in) operating activities
Income (loss) before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for loss on compensation for building materials
Increase (decrease) in other provisionInterest and dividends income
Foreign exchange losses (gains)
Loss (gain) on sales of property, plant and equipment
Loss (gain) on sales of investment securities
Loss (gain) on sales of stocks of subsidiaries and affiliates
Equity in (earnings) losses of affiliates
Interest expenses
Impairment loss
Loss (gain) on disposal of noncurrent assets
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of investments in subsidiaries resulting in change in scope of consolidation
Payments of long-term loans receivableCollection of long-term loans receivable
Purchase of money held in trust
Proceeds from cancellation of money held in trust
Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Cash dividends paid
Cash dividends paid to minority shareholders
Decrease (increase) in treasury stock
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting from change of scope of
consolidation
Cash and cash equivalents at end of period

Millions of yen
Q2 FY2012 YTD
Q2 FY2013 YTD(3,146)
11,357
(763)
(372)
(317)
537
195
(135)
－
(252)
1,100
－
236
8,487
(4,902)
119(4,876)452(2,572)
5,149
639(1,062)
341
5,066

5,722
8,119
(258)
(213)
(337)
84
(147)
(379)
78
(269)
1,288
220
215
4,497
2,007
(1,259)(2,817)(2,234)(1,557)
12,759709(1,296)(1,144)
11,028(23)
505(13,732)
1,143
(192)
350
－
(6)
187
(15,016)
16(2,419)(29,187)(19)
19(16,669)
367
(703)
808
(4,115)(8)
131(34,300)－(445)(54,936)(318)
48,130(6,981)(1,042)
(238)
0
(173)
39,373(32)
15,22058,476－

21,2735,300(3,885)(1,039)
(310)
(5)
(183)
21,149622(22,135)
52,431
414

73,69630,710