SUMMARY OF CONSOLIDATED FINANCIAL STATEMENTS
Results for the First Half of Fiscal Year 2015
(April 1 – September 30, 2015)

November 5, 2015

MITSUBISHI GAS CHEMICAL COMPANY, INC.
Listed exchanges:

First section of the Tokyo Stock Exchange

Stock Code:

4182

URL:

http://www.mgc.co.jp

President:

Toshikiyo Kurai

Inquiries:

Yoshihisa Kashima
General Manager, Corporate Communications Division
Tel: +81-3-3283-5041

Scheduled date of payment of dividend:

December 4,2015

1. Summary of Consolidated Results for the First Half of Fiscal Year 2015 (April 1– September 30, 2015)
1) Operating results
Millions of yen, rounded down
Percentage figures denote change compared to equivalent period of previous year

April 1 – September 30, 2015

April 1 – September 30, 2014

Change %Net sales
Operating income (loss)
Ordinary income (loss)
Net income (loss)
Net income (loss) per share (¥)
Fully diluted net income (loss) per share (¥)

300,294
15,333
21,131
18,524
41.55-

Change %

12.1
143.1
(7.8)
(9.5))

267,861
6,308
22,91020,465
45.31
-

-

0.5
(37.8)-(Note) Comprehensive income: first half of FY 2015：¥10,112million [57.5%] ; first half of FY 2014 ：23,770million [-%]

2) Financial position
Millions of yen, rounded down

As of September 30, 2015
766,003425,903
49.6

Total assets
Net assets
Equity ratio (%)

As of September 30, 2014
790,784
422,85147.8(Note) Shareholders’ equity as of September 30, 2015：¥380,110million; as of March 31, 2014： ¥377,643million

2. Cash Dividends
Interim dividend per share (¥)
Year-end dividend per share (¥)
Annual dividend per share (¥)

FY 2015

FY 20148.00
8.00(Forecast)
16.00

7.00
7.00
14.00

(Note) Revision of cash dividend forecast during this period: None

3. Consolidated Business Forecasts for Fiscal Year 2014 (April 1, 2015-March 31, 2016)
Millions of yen, rounded down
Percentage figures denote change compared to equivalent period of previous year

Full year
Change %Net sales
Operating income (loss)
Ordinary income (loss)
Net Income (loss)
Net income (loss) per share (¥)

600,000
26,50036,00026,00058.32(Note) Revision of consolidated business forecasts during this period: Yes

1

13.3
76.7
(14.3)(40.0)-

4. Other Information
1) Transfer of important subsidiaries during the period under review: None
(Transfers of certain subsidiaries resulting in changes in the scope of consolidation)2) Adoption of simplified accounting methods: None
3) Changes in accounting policies, changes in accounting estimate or restatement of corrections:
1. Changes in accounting policies following revisions to accounting standards: Yes
2. Changes other than 1: Yes
3. Changes in accounting estimates: Yes
4. Restatement of corrections: None4)

Number of shares outstanding (ordinary shares)
September 30, 2015

March 31, 2015

Number of shares issued at end of period(including treasury shares)

483,478,398

483,478,398

Number of treasury shares at end of period

41,827,424

31,819,177

April 1 – September 30, 2015
Average shares outstanding during period

445,821,431

April 1 – September 30, 2014
451,674,626(NOTE)
1. These quarterly financial results are not subject to quarterly review procedures. At this time of disclosure of these financial results, the quarterly
financial statement review procedures based on the Financial Instrument and Exchange Law have not been completed.
2. Forecasts, etc., recorded in this document contain forward-looking statements that are based on management’s estimates, assumptions andprojections at the time of publication. A number of factors could cause actual results to differ materially from expectations.

21. Consolidated business results for this period
Beginning in the first quarter of fiscal 2015 the MGC Group applies the “Accounting Standards for Business
Combinations” (ASBJ Statement No. 21 from September 13, 2013) to its financial statements. Accordingly,
the previous account item “net income” is replaced by “net income attributable to parent company
shareholders.”
As indicated in “2. About figures indicated in this summary (including notes), changes in accounting policies,changes in accounting estimates, and/or restatements,” beginning in the first three months of the current
fiscal year, some overseas affiliates are subjected to the International Financial Reporting Standards (IFRS).
Comparisons with prior-year period results are therefore based on retroactively calculated figures.

(1)Consolidated operating results
Overview of results(Billions of yen)
FY2014/2Q

FY2015/2Q

ChangeChange (%)

Net Sales

267.8

300.2

32.4

12.1%

Operating income

6.3

15.3

9.0

143.1%

Equity in earnings of affiliates

16.7

8.1

(8.6)

(51.6%)

Ordinary income

22.8

21.1

(1.7)

(7.8%)Net income

20.4

18.5

(1.9)

(9.5%)

During the first six months of the fiscal year ending March 2016 (April 1-September 30, 2015), the Japanese
economy continued to experience slow recovery. The slight negative impact resulting from the slowdown ofemerging economies was more than offset by favorable developments such as improvements in corporate
earnings and recovery in personal spending.
The MGC Group achieved an increase in revenue compared with the same prior-year period. Negative
contributions included lower sales volumes of general-purpose aromatic chemicals (due to the withdrawal
from the purified terephthalic acid business) and electronic materials and polycarbonate sheets and films(due to lower demand), as well as declines in the market prices of methanol. These were more than offset byfavorable developments marked by the conversion of JSP and other companies into consolidated
subsidiaries.
Group operating income achieved a year-on-year increase. Despite the lower sales volumes of electronicmaterials and polycarbonate sheets and films, there was an improvement in profitability due to the weaker
yen and lower prices of raw materials and fuels. A further positive contribution came from the conversion of
JSP and other companies into consolidated subsidiaries.
Group ordinary income fell from the same period of the previous year. This was because, despite the growthin operating income, equity in earnings of overseas methanol producing companies declined due to lower
methanol market prices and the turnaround of the Brunei site. Further negative contributions include a decline
in exchange gains.
The Group posted a year-on-year decline in net income attributable to parent company shareholders.
Despite an improvement in extraordinary gains and losses which was primarily due to the recognition of again on sales of investment securities, there were negative factors such as an increase in net income
attributable to non-controlling interests.

3

Results by business segment
Natural Gas Chemicals Company(Billions of yen)
FY2014/2Q

FY2015/2Q

ChangeChange (%)

Net Sales

91.5

87.6

(3.9)

(4.3%)

Operating income

0.6

2.1

1.5

237.8%

Ordinary income

17.2

7.7

(9.5)

(55.1%)The methanol business suffered a decline in revenue due to lower market prices. Its earnings improved fromthe same period of the previous year, when there were beginning inventories carrying high unit prices.
Methanol and ammonia-based chemicals were improved in earnings. Reasons include improved profitability
primarily of MMA-based products thanks to the weaker yen and lower raw material prices.
Crude oil and other energy sources declined in both revenue and earnings primarily due to lower crude oil
prices.
Aromatic Chemicals Company(Billions of yen)
FY2014/2Q

FY2015/2Q

ChangeChange (%)

Net Sales

64.3

103.9

39.6

61.6%

Operating income

1.5

7.7

6.2

400.2%

Ordinary income

(0.3)

7.1

7.4

-

Specialty aromatic chemical products posted higher revenue and earnings compared with the prior-year
period. Positive contributions came from higher sales volumes for meta-xylenediamine and Nylon-MXD6, as
well as the weaker yen and lower prices of raw materials and fuels.
General-purpose aromatic chemical products suffered a year-on-year decline in revenue after quitting purified
terephthalic acid operations. However, earnings from this segment grew, primarily due to an improvement in
the profitability in exports of meta-xylene and purified isophthalic acid.
Specialty Chemicals Company(Billions of yen)
FY2014/2Q

FY2015/2Q

ChangeChange (%)

Net Sales

81.8

82.0

0.2

0.3%

Operating income

3.2

5.6

2.4

76.0%

Ordinary income

3.0

5.8

2.8

98.1%

Inorganic chemicals achieved growth in both revenue and earnings. Despite lower sales volumes of hybrid
chemicals, there were positive effects such as an increase in the sales volume of super-pure hydrogen
peroxide at overseas sites, the weaker yen, and corrected sales prices for hydrogen peroxide.
The engineering plastics business saw an improvement in earnings. Major positive factors include an
improvement in the profitability of the polycarbonate and polyacetal business due to lower raw material prices
as well as an increase in the sales volume of special polycarbonates that are used primarily for camera
lenses in mobile devices.
Polycarbonate sheets and films suffered a decline in both revenue and earnings. This was because of a4lower sales volume of films for use in flat panel displays.
Information & Advanced Materials Company(Billions of yen)
FY2014/2Q

FY2015/2Q

ChangeChange (%)

Net Sales

29.9

26.4

(3.5)

(11.9%)

Operating income

2.2

1.1

(1.1)

(50.0%)

Ordinary income

2.4

0.8

(1.6)

(65.5%)

Electronic materials posted a drop in both revenue and earnings since the sales volume of BT materials forsemiconductor packaging, which represent this segment's core product category, fell in relation to the slower
growth of the smartphone market and declines in the demand for other electronic products.
Having suffered from a drop in demand resulting from the consumption tax hike in the same period of theprevious year, oxygen absorbers such as AGELESS® achieved an increase in both revenue and earnings.
This was due not only to higher sales volumes of products for domestic food applications, but also to higher
exports.
Other(Billions of yen)
FY2014/2Q

FY2015/2Q

ChangeChange (%)

Net Sales

0.3

0.3

0.0

6.9

Operating income

0.0

0.0

(0.0)

(42.8%)

Ordinary income

0.8

0.0

(0.8)

(93.5%)(2) Consolidated financial position
At the end of the first six months of fiscal 2015, the MGC Group had ¥766.0 billion in total assets, a decline of¥24.7 billion from the end of fiscal 2014.
Current assets fell by ¥27.9 billion to ¥344.1 billion, primarily due to a decline in cash and deposits as well as
trade notes and accounts receivable.
Noncurrent assets increased by ¥3.2 billion to ¥421.8 billion. Property, plant and equipment fell by ¥2.0 billion
to ¥233.8 billion primarily due to depreciation and amortization. Investments and other assets were ¥179.0
billion, an increase of ¥5.5 billion. Positive contributions included the posting of equity in earnings of affiliates.
Liabilities dropped by ¥27.8 billion to ¥340.1 billion from the end of fiscal 2014.
Current liabilities fell by ¥17.4 billion to ¥207.6 billion, primarily due to a drop in trade notes and accounts
payable.
Noncurrent liabilities declined by ¥10.3 billion to ¥132.4 billion, primarily due to lower amounts of long-termloans payable.
Net assets were ¥425.9 billion, an increase of ¥3.0 billion from the end of fiscal 2014, primarily due to anincrease in retained earnings resulting from the posting of net income attributable to parent company
shareholders. As of September 30, 2015, the shareholders’ equity ratio was 49.6%.

5

3. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheets
Millions of yen, rounded down
As of March 31, 2015

As of September 30, 2015

ASSETS
Current assets
Cash and deposits .....................................................

62,32754,257

Trade notes and accounts receivable ........................

152,711

144,705

Short-term investments securities ..............................

18,137

16,137

Merchandise and finished goods ...............................

65,476

65,669Work in progress ........................................................

12,707

12,616

Raw materials and supplies .......................................

32,17330,505

Other...........................................................................

32,611

24,219Allowance for doubtful accounts ................................

(3,978)(3,943)

Total current assets ....................................................

372,166

344,167

Buildings and structures, net ...................................

75,83673,793

Machinery, equipment and vehicles, net .................

87,24984,670

Other, net ................................................................
Total property, plant and equipment .....................

72,83775,381

235,923

233,845

Intangible assets
Other ........................................................................

9,214

8,921

Total intangible assets ..........................................

9,214

8,921

Investments and other assets
Investment securities ...............................................

164,654

169,376

Other ........................................................................

8,936

9,796

Allowance for doubtful accounts ..............................

(110)

(103)

Total investments and other assets ....................

173,481

179,068

Total noncurrent assets ...............................................

418,618

421,835

Total assets ................................................................

790,784

766,003

Noncurrent assets
Property, plant and equipment

6

Consolidated Quarterly Balance Sheets (contd.)
Millions of yen, rounded down
As of March 31, 2015

As of September 30, 2015

LIABILITIESCurrent Liabilities
Trade notes and accounts payable .............................

79,32368,961

Short-term loans payable ............................................

104,155

100,382

Income taxes payable ..................................................

2,148

1,796

Provision ......................................................................

5,533

5,720

Other ............................................................................

33,90730,758

Total current liabilities .............................................

225,068

207,620

Noncurrent liabilities
Bonds payable .............................................................

25,00025,000Long –term loans payable ...........................................

69,93262,009Provision ......................................................................

2,779

3,072

Provision for retirement benefits ................................

5,586

5,973

Asset retirement obligations ........................................

3,685

3,721

Other ............................................................................

35,87932,612

Total noncurrent liabilities .......................................

142,864

132,479

Total liabilities .........................................................

367,932

340,100

Capital stock ................................................................

41,97041,970Capital surplus .............................................................

35,59535,590Retained earnings ........................................................

279,540

299,180

NET ASSETS
Shareholders’ equity

Treasury stock .............................................................

(8,131)(15,560)

Total shareholders’ equity ................................

348,974

361,180

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities ......................................................................
Deferred gains or losses on hedges ............................

20,612

14,168-26

Revaluation reserve for land ........................................

217

217

Foreign currency translation adjustment .....................

4,950

1,881

Remeasurements of defined benefit plans ..................

2,888

2,637

Total accumulated other comprehensive .............

28,66918,930Minority interests ..........................................................

45,20745,792

Total net assets ......................................................

422,851425,903

Total liabilities and net assets ............................

790,784

766,0037

(2) Consolidated Quarterly Statements of Income
Millions of yen, rounded down
April 1 - Sep 30, 2014

April 1 - Sep 30, 2015

Net sales.......................................................................

267,861

300,294

Cost of sales .............................................................

231,134

240,451

36,726

59,842

Selling, general and administrative expenses ..........

30,41844,508Operating income .........................................................

6,308

15,333Gross profit ................................................................

Non-operating income
Interest income .........................................................

91

243

Dividend income .......................................................

1,524

1,615

Equity in earnings of affiliates ................................
Other .........................................................................

16,754
1,237

8,113
1,267

Total non-operating income ................................

19,608

11,240Interest expense ........................................................

1,277

1,224

Foreign exchange losses ..........................................

-

2,465

Personnel expenses for seconded employees .........

615

661

Other .........................................................................

1,112

1,091

Total non-operating expenses ...............................

3,006

5,442

Ordinary income ...........................................................

22,91021,131Gain on sales of investment securities .....................

-

3,444

Subsidy income .........................................................

-

301

Insurance income ......................................................

-

136

Compensation income ..............................................

1,055

-

Gain on rights and interests ......................................

792-

Gain on bargain purchase .........................................

198-

Gain on sales of noncurrent assets ..........................

139-

Total extraordinary income ................................

2,185

3,882

Loss on liquidation of subsidiaries and affiliates .......

-

1,028

Business structure improvement expenses ..............

1,143

388

Loss on cancel of lease contracts .............................

-

147

Impairment loss .........................................................

519-

Amortization of goodwill ............................................

476-

Total extraordinary losses ................................
Income before income taxes and minority
interests ........................................................................
Income taxes, etc. ................................................................

2,139

1,564

23,95623,448

1,951

2,852

Net income before minority interests ................................

21,005

20,596

Non-operating expenses

Extraordinary income

Extraordinary losses

Minority interests in income .................................... 276

540

2,072

Net income ................................................................

20,465

18,5248

(Consolidated Quarterly Statements of Comprehensive Income)April 1 - Sep 30,2014

Income before minority Interests ................................................................21,005

Millions of yen, rounded down
April 1 - Sep 30,2015

20,596

Other comprehensive Income
Valuation difference on available-for-sale securities ............................... 3,555
Deferred gains or losses on hedges ................................

(6,407)

Foreign currency statements translation adjustment ............................... 1,335
Remeasurements of defined benefit plans ..................
184
Share of other comprehensive income of associates(2,310)accounted for using equity method..............................
2,765
Total other comprehensive Income ................................

(2,439)(10,484)

Comprehensive Income ..............................................

23,770

10,112

Total comprehensive Income Attributable to
Owners of the parent.......................................................

22,851

8,786

Minority interests ................................................................

918

1,326

9

29
(270)
(1,396)

(3) Consolidated Quarterly Statements of Income
Millions of yen, rounded down
April 1 - September 30
2014April 1 - September 30
2015

Income before income taxes and minority interests ........................

22,95623,448Depreciation and amortization .........................................................

11,574

13,115

Impairment loss ...............................................................................

519-

Amortization of goodwill ................................................................

476

132

Gain on bargain purchase ...............................................................

(198)

-

Increase (decrease) in allowance for doubtful accounts .................

(20)

(90)

Loss (gain) on disposal of non-current assets ................................

306

329

Increase (decrease) in net defined benefit liability...........................

340

166

Increase (decrease) in provision for directors’ retirement
benefits............................................................................................

(61)

(61)

Interest and dividends income .........................................................

(1,616)(1,858)Interest expenses ............................................................................

1,277

1,224

Equity in (earnings) losses of affiliates ............................................

(16,754)(8,113)(80)(3,444)-

1,028

Net cash provided by (used in) operating activities

Investment securities and Gain on sales of investment
securities ................................................................................................
Loss on liquidation of subsidiaries and affiliates ................................
Subsidy income ................................................................................................
Business structure improvement expenses ................................
Loss on cancel of lease contracts ................................................................
Insurance income ............................................................................

-

(301)

1,143

388

-

147

(13)

(136)

Compensation income................................................................

(1,055)-Gain on rights and interests ............................................................

(792)

-

Decrease (increase) in notes and accounts receivable trade ................................................................................................

1,609

7,378

Decrease (increase) in inventories ..................................................

3,157

792

Increase (decrease) in notes and accounts payable trade ................................................................................................

5,139(9,944)

Increase (decrease) in accrued consumption taxes. .......................

824

(927)

Other, net ........................................................................................

(1,132)(2,726)

Subtotal.......................................................................................

27,606

20,548Interest and dividends income received ..........................................

1,605

1,832

Proceeds from dividends income from affiliates accounted
for by equity method ................................................................

13,192

1,162

Interest expenses paid ................................................................

(1,333)(1,213)

Income taxes (paid) refund ..............................................................

(654)

4,068

Subsidy income ...............................................................................

-

1,909

Proceeds from insurance income ....................................................

13

203

40,42928,510Net cash provided by (used in) operating activities ....

10

Consolidated Statements of Cash Flows (contd.)
Millions of yen, rounded down
April 1 - September 30,
2014

April 1 - September 30,
2015

Proceeds from sales of short-term investment securities ................

37-

Purchase of noncurrent assets........................................................

(9,394)(13,831)

Proceeds from sales of noncurrent assets ................................

764

191

Purchase of investment securities...................................................

(279)(5,465)Purchase of shares of subsidiaries .................................................

(50)

-

Proceeds from sales of investment securities ................................

109

3,939

Payments of loans receivable .........................................................

(1,139)(3,680)

Collection of loans receivable..........................................................

171

3,768

Other, net ........................................................................................

2,203

(673)

(7,576)(15,752)(7,475)(845)

Net cash provided by (used in) investing activities

Net cash provided by (used in) investing activities ....
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loan payable........................
Proceeds from long-term loans payable..........................................

2,831

3,818

Payment of long-term loans payable ...............................................

(6,956)(14,875)

Purchase of treasury stock ..............................................................

(5)(7,429)(2,710)(3,161)

Cash dividends paid to minority shareholders ................................

(414)

(838)

Other, net ........................................................................................

(1,889)(765)

Net cash provided by (used in) financing activities ....

(16,621)(24,097)

Effect of exchange rate change on cash and cash
equivalents ...........................................................................

1,358

684

Net increase (decrease) in cash and cash equivalents.....

17,590(10,653)

Cash and cash equivalents at beginning of period ...........

37,31072,678

Increase (decrease) in cash resulting from fiscal yearchange of subsidiaries

373-

Cash and cash equivalents at end of period .....................

55,27462,024

Cash dividends paid ................................................................

11

4. Consolidated Quarterly Segment Information(1) Six-month period ended September 30, 2014 (April 1 – September 30, 2014)
Revenue and earnings by segment
Millions of yen, rounded down
Natural Gas
Chemicals

Aromatic
Chemicals

Specialty
Chemicals

Information
andAdvanced
Materials

Other(Note 1)

Adjustment(Note 2)

Consolidated(Note 3)

Sales to outside customers ................................
91,53764,28881,77529,959299－

267,861Inter-segment sales ................................
6,211

1,097

611

0

51

(7,972)－

97,74965,38582,38729,960351(7,972)

267,861

Segment income (loss)
17,271[Ordinary income (loss)] ................................

(352)

2,937

2,497

887

(330)

23,910Total ................................

Notes：
1. The ‘Other’ segment includes operations not included in the other segments, such as listed related companies and real estate business.
2. The adjustment amounts are as follows:
The ¥330 million segment loss adjustment consists of ¥30 million loss in inter-segment sales, and ¥300 million loss of overall costs notallocated to segments.
Overall costs include SG&A expenses, financing expenses, and other expenses not allocated to segments.
3. Segment income (loss) is based on ordinary income as provided in the quarterly consolidated statement of income.

(2) Six-month period ended September 30, 2015 (April 1 – September 30, 2015)
Revenue and earnings by segment
Millions of yen, rounded down
Aromatic
Chemicals

Specialty
Chemicals

Information
andAdvanced
Materials

Sales to outside customers ................................
87,619103,907

82,041

26,404320－

300,294

1,175

685

16

43

(7,190)－92,888105,083

82,727

26,421364(7,190)300,294

Segment income (loss)
7,758[Ordinary income (loss)] ................................

7,122

5,819

861

57

(488)

21,131Natural Gas
ChemicalsInter-segment sales ................................
5,269
Total ................................

Other(Note 1)

Adjustment(Note 2)

Consolidated(Note 3)

Notes：
1. The ‘Other’ segment includes operations not included in the other segments, such as listed related companies and real estate business.
2. The adjustment amounts are as follows:
The ¥488 million segment loss adjustment consists of ¥9 million loss in inter-segment sales, and ¥478 million loss of overall costs notallocated to segments.
Overall costs include SG&A expenses, financing expenses, and other expenses not allocated to segments.
3. Segment income (loss) is based on ordinary income as provided in the quarterly consolidated statement of income.

12

SUMMARY OF CONSOLIDATED FINANCIAL STATEMENTS (FY 2015)(billions of yen, rounded down）

Net sales

FY 2014

FY 2015H1

H1

ChangeChange(%)

FY2014

FY 2015

Full Year

Full Year

ResultForecast

267.8

300.2

32.4

12.1%

529.5

600.0

Natural Gas Chemicals

97.7

92.8

(4.8)

(5.0%)

197.6

182.7

Aromatic Chemicals

65.3

105.0

39.6

60.7%

123.3

214.8

Specialty Chemicals

82.3

82.7

0.3

0.4%

166.0

164.8

Information and Advanced Materials

29.9

26.4

(3.5)

(11.8%)

58.2

53.8

Other and Adjustment

(7.6)

(6.8)

0.7

-

(15.6)(16.2)

6.3

15.3

9.0

143.1%

14.9

26.5

Natural Gas Chemicals

0.6

2.1

1.5

237.8%

2.7

3.9

Aromatic Chemicals

1.5

7.7

6.2

400.2%

3.0

14.0

Specialty Chemicals

3.2

5.6

2.4

76.0%

8.2

9.0

Information and Advanced Materials

2.2

1.1

(1.1)

(50.0%)

3.8

2.3

(1.3)

(1.4)

(0)

-

(2.8)

(2.8)

Non‐operating profit (loss)

16.6

5.7

(10.8)(65.1%)

27.0

9.5

Ordinary income (loss)

22.9

21.1

(1.7)

(7.8%)

42.0

36.0

Natural Gas Chemicals

17.2

7.7

(9.5)

(55.1%)

27.2

14.8

Aromatic Chemicals

(0.3)

7.1

7.4

-

1.0

11.9

Specialty Chemicals

2.9

5.8

2.8

98.1%

9.1

8.7

Information and Advanced Materials

2.4

0.8

(1.6)

(65.5%)

4.0

1.6

Other and Adjustment

0.5

(0.4)

(0.9)

-

0.5

(1.2)

Extraordinary income (loss)

0.0

2.3

2.2

-

4.0

(2.0)

Income before income taxes and minority interests

22.9

23.4

0.4

2.1%

46.0

34.0

Net income

20.4

18.5

(1.9)

(9.5%)

43.3

26.0

Net income (loss) per share (¥)

45.31

41.55

(3.76)

95.97

58.32

Annual dividend per share (¥)

7.00

8.00

1.0

14.0

16.0

Operating income (loss)

Other and Adjustment※Consolidated subsidiaries: 77, Affiliates : 13 (As of end of September,2015)13Non operating profit (loss)

FY 2014

FY 2015H1

H1

ChangeChange(%)

FY2014

FY 2015

Full Year

Full Year

ResultForecast

Equity in earnings of affiliates

16.7

8.1

(8.6)

51.6%

27.8

15.0

Income (expenses) on financing activities

0.3

0.6

0.2

87.0%

(0.1)

－

Foreign currency statements translation adjustment

0.0

(2.4)

(2.5)

－

0.5

－

Other

(0.5)

(0.4)

0.0

－

(1.2)

(5.5)

Total ：Non‐operating profit (loss)

16.6

5.7

(10.8)(65.1%)

27.0

9.5

Gain on sales of investment securities

-

3.4

3.4

-

2.8

Subsidy income

-

0.3

0.3

-

1.6

Insurance income

-

0.1

0.1

-

-

Compensation income

1.0

-

(1.0)

-

1.0

Gain on rights and interests

0.7

-

(0.7)

-

0.7

Gain on bargain purchase

0.1

-

(0.1)

-

0.1

Gain on step acquisitions

-

-

-

-

2.0

Other extraordinary income

0.1

-

(0.1)

-

0.7

-

(1.0)

(1.0)

-

-

(1.1)

(0.3)

0.7

-

(1.0)

-

(0.1)

(0.1)

-

-

Impairment loss

(0.5)

-

0.5

-

(1.1)

Amortization of goodwill

(0.4)

-

0.4

-

(0.4)

Loss on reduction of noncurrent assets

-

-

0.0

-

(1.6)

Other extraordinary losses

-

-

0.0

-

(1.1)

0.0

2.3

2.2

-

4.0

Extraordinary income (loss)

Loss on liquidation of subsidiaries andaffiliates
Business

structure

improvement

expenses
Loss on cancel of lease contracts

Total ：Extraordinary income (loss)

14(2.0)