Sumitomo Heavy Industries, Ltd.
FIRST QUARTER CONSOLIDATED FINANCIAL REPORTFor the Three-Month Period from April 1 to June 30, 2015

All financial information has been prepared in accordance with generally accepted accounting principles in Japan. This document
has been translated from the Japanese original as a guide to non-Japanese investors and contains forward-looking statements thatare based on management’s estimates, assumptions, and projections at the time of publication. A number of factors could cause
actual results to differ materially from expectations. Amounts shown in this financial statement have been rounded to the nearest
million yen.

Consolidated Results for the First Quarter
Ended June 30, 2015

Summary of Consolidated Financial Results
For the First Quarter Ended June 30, 2015
Presented July 30, 2015

Sumitomo Heavy Industries, Ltd.
Listed exchanges

Tokyo Stock Exchange

Stock code

6302

Head officeTokyo

President

Shunsuke Betsukawa

URLwww.shi.co.jp

Inquiries

Tsuneyoshi Sato
General Manager, Corporate Communications Dept.

Telephone+81 3 6737 2331

Scheduled reporting date for quarterly reportAugust 6, 2015

Scheduled date of payment of cash dividends－

Availability of supplementary explanations forquarterly financial statement
Holding of meeting to explain quarterly
financial statement

None
None

1. FY 2015 First Quarter Consolidated Results (April 1, 2015, to June 30, 2015)(1) Business Results(Units: millions of yen)First Quarter
April 1 to June 30, 2015

Previous First Quarter
April 1 to June 30, 2014

% change% change

152,695

8.6

140,666

17.2

Operating income

7,752

27.3

6,089

354.1

Ordinary income

6,993

16.8

5,987

188.57

Net income attributed to shareholders of the parent
company

4,418

8.1

4,086

581.1

Net sales

Net income per share (yen)

7.21

6.66

Fully diluted net income per share (yen)－－Note: Comprehensive income
Fiscal quarter ended June 30, 2015: 2,366 million yen (79.1%)
Fiscal quarter ended June 30, 2014: 1,321 million yen (-86.4%)

2

Consolidated Results for the First Quarter
Ended June 30, 2015

(2) Financial Position(Units: millions of yen)
End of First Quarter
As of June 30, 2015

End of Previous Full YearAs of March 31, 2015

Total assets

769,874

786,027

Shareholders’ equity

364,311

365,101

46.7

45.8

Equity ratio (%)
Reference: Equity
Fiscal quarter ended June 30, 2015: 359,462 million yen
Fiscal year ended March 31, 2015: 360,079 million yen

2. Dividends(Units: yen)
Year Ended March 31,
2015

Year Ended March 31,
2016

Year Ended March 31,
2016 (forecast)

Annual dividends per share－First quarter

5.00

Second quarter

Note:

－
7.00

Third quarter－－End of term

7.00

7.00

Annual dividends

12.00

14.00

Changes from the most recent dividend forecast: None

3. FY 2015 Consolidated Forecasts (April 1, 2015, to March 31, 2016)(Units: millions of yen)
Second Quarter (Cumulative)
April 1, 2015, to September 30,
2015% change
7.7

Full Year
April 1, 2015, to March 31, 2016

330,000

Operating income

20,0000.3

52,500

14.1

Ordinary income

19,500(2.5)

50,00010.8

Net income attributed to shareholders of the parent
company

11,000(10.4)

30,00023.2

Projected net income per share (yen)

17.94

Note:

Changes from the most recent consolidated forecast: None3700,000% change
4.9

Net sales

48.94

Consolidated Results for the First Quarter
Ended June 30, 2015

Additional Notes(1) Transfers of important subsidiaries during the fiscal period (moves of specific subsidiaries due to change in scope of
consolidation):
None
Newly consolidated:

None

Excluded from consolidation:None(2) Special accounting measures applied in the quarterly consolidated financial report:

None(3) Changes to accounting policies, changes to accounting estimates, and restatements(i) Changes to accounting policies resulting from revisions to accounting standards, etc.:

Yes(ii) Changes other than (i):None(iii) Changes to accounting estimates:None(iv) Restatements:

None(4) Number of shares issued (common shares)(i) Number of shares issued at end of fiscal period (including treasury stock):
As of June 30, 2015
As of March 31, 2015

614,527,405 shares
614,527,405 shares(ii) Amount of treasury stock at end of fiscal period
As of June 30, 2015
As of March 31, 2015

1,517,621 shares
1,495,994 shares(iii) Average number of shares during fiscal period (cumulative quarterly period)
As of June 30, 2015
As of June 30, 2014

613,016,682 shares
613,266,116 shares

Recording of Implementation Conditions regarding Quarterly Review ProceduresThis quarterly financial summary does not fall within the scope of the Quarterly Review Procedures referenced in
the Financial Instruments and Exchange Act. At the time of disclosure of the quarterly financial summary, theGroup was in the process of implementing the quarterly review procedures for its quarterly financial statements.
Explanations and Other Special Items regarding the Pertinent Reasons for the Earnings Forecast
Earnings forecasts and outlooks concerning future financial results are believed to be reasonable based on
information available at the time of publication. Actual financial results may vary from the above forecast andoutlook because of a variety of factors. For information on the assumptions that form the basis of the earnings
forecast and items to note concerning the use of earnings forecasts, please see the Explanation of theConsolidated Earnings Forecast and Other Forward-Looking Estimates in the Supplementary Materials on page8.

4

Consolidated Results for the First Quarter
Ended June 30, 2015

Supplementary Materials – Table of Contents
1. Qualitative Information regarding Current Quarterly Consolidated Business Performance ....... 6(1) Explanation of Business Performance ........................................................................................... 6(2) Explanation of the Group’s Consolidated Financial Position .......................................................... 7(3) Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates ......... 8
2. Notes regarding Summarized Information (Explanatory Notes) .................................................... 9(1) Changes Involving Important Subsidiaries during the Current Consolidated Year-to-Date Quarterly
Period ............................................................................................................................................. 9(2) Special Accounting Procedures Adopted during the Development of the Quarterly Consolidated
Financial Report.............................................................................................................................. 9(3) Changes to Accounting Policies, Changes to Accounting Estimates, and Restatements ............... 9
3. Quarterly Consolidated Financial Statements ............................................................................... 10(1) Quarterly Consolidated Balance Sheets ...................................................................................... 10(2) Consolidated Income Statements and Consolidated Statement of Comprehensive Income ........ 12
Consolidated Income Statements ................................................................................................ 12
Consolidated Statement of Comprehensive Income .................................................................... 13(3) Notes regarding Consolidated Quarterly Financial Statements .................................................... 13(Notes on Premise of a Going Concern) ...................................................................................... 13(Notes regarding Significant Fluctuations to Shareholders’ Equity).............................................. 13(Subsequent Events of Significant Importance) ........................................................................... 13
4. Supplementary Information ............................................................................................................. 14(1) Orders, Sales and Operational Profit, and Balance of Orders by Segment .................................. 14(2) (Summary) Consolidated Cash Flows Statement ......................................................................... 165

Consolidated Results for the First Quarter
Ended June 30, 2015

1. Qualitative Information regarding Current Quarterly Consolidated Business
Performance(1) Explanation of Business Performance
Despite an anticipated recoil in demand as a response to a rise in the consumer tax, the Japanese economy in the firstquarter of the current consolidated fiscal year under review showed positive signs as persistent gains in the stock market
as well as rising wages resulted in a gentle recovery of personal consumption, and improved financial performance ofcorporations resulted in an upwards trend in capital investment activity. Outside of Japan, the Eurozone shifted gears
towards a gentle recovery, the pace of recovery slowed in the U.S., and the slowdown of the Chinese economy continued.
Growth in other emerging markets also slowed mainly due to the impact of the Chinese economy. As a result, the conditionof the overall global economy was stagnant.
Consequently, orders fell across all segments of the Group with the exception of the Machinery Components and Industrial
Machinery segments as compared to the same period last year (hereinafter referred to as the “previous term”), with theGroup posting a figure of JPY179.9 billion a gain of 1% as compared to the previous year. In terms of sales, the Group
posted better than previous term figures across all segments with the exception of the Industrial Machinery segment. In
actual figures, sales totaled JPY152.7 billion, a gain of 9% as compared to the previous term.
Turning to income, as a result of an increase in sales and improvements made to profit margins, operating income was
JPY7.8 billion, a gain of 27% as compared to the previous term, and ordinary income was JPY7.0 billion, a gain of 17% ascompared to the previous term. Quarterly net income attributed to shareholders of the parent company also increased by
8% as compared to the previous term to finish at JPY4.4 billion.
Conditions in each business segment of the Group were as follows:
1. Machinery Components
Despite a slowdown in the Chinese market, a strong showing from the domestic and North American markets resulted in
an increase in both orders and sales as compared to the previous term in this segment. In actual figures, the segment
received orders worth JPY27.2 billion, a gain of 7% as compared to the previous term, and posted sales of JPY25.3 billion,a gain of 8% as compared to the previous term. Further, the segment posted operating income of JPY1.3 billion.
2. Precision Machinery
With respect to plastics machinery, IT-related demand from the Asian markets remained strong, while the domestic andEurozone markets also trended positively. As a result, both orders and sales figures showed improvements as comparedto the previous term. In other product areas, while orders for the segment’s semiconductor-related products fell ascompared to the previous term, sales improved. In actual figures, the segment received orders worth JPY36.5 billion, a fallof 4% as compared to the previous term, and posted sales of JPY36.8 billion, a gain of 18% as compared to the previous
term. Further, the segment posted operating income of JPY4.6 billion.
3. Construction Machinery
The hydraulic excavator business saw a drop in both orders and sales as compared to the previous term mainly due to thesignificant drop in demand from the Chinese market, and the slowdown in demand from the domestic market because of
the rush to place orders in response to new emission rules in the previous fiscal year. In the mobile crane business, orders
were flat as compared to the previous term due to the delayed recovery of the North American market while sales increased.
In actual figures, the segment received orders worth JPY48.8 billion, a fall of 2% as compared to the previous term, andposted sales of JPY47.3 billion, a gain of 4% as compared to the previous term. Further, the segment posted operating
income of JPY1.5 billion.

6

Consolidated Results for the First Quarter
Ended June 30, 2015

4. Industrial Machinery
In this segment, the material handling business was boosted by strong demand from the domestic shipbuilding sector,
while the turbine business was boosted by demand from the overseas power generation sector. The industrial equipment
business was successful in winning an order for a proton cancer therapy equipment. As a result, orders across the segment
increased as compared to the previous term. Sales, however, dropped as compared to the previous term as the decreasein sales in the industrial equipment business exceeded the rise in sales in the material handling business. In actual figures,the segment received orders worth JPY30.9 billion, a gain of 74% as compared to the previous term, and posted sales of
JPY15.7 billion, a fall of 5% as compared to the previous term. Further, the segment posted operating income of JPY900
million.
5. Ships
The segment received an order for one new vessel during the first quarter of the current fiscal year under review, a
reduction of two vessels as compared to the previous term. With regard to sales, no vessels were handed over during thefirst quarter of the current fiscal year under review, as compared to one vessel in the previous term. In actual figures, thesegment received orders worth JPY8.9 billion, a fall of 50% as compared to the previous term, and posted sales of JPY6.6
billion, a gain of 15% as compared to the previous term. Further, the segment posted an operating loss of JPY100 million.
6. Environmental Facilities & Plants
Despite receiving an order for boilers from the overseas IPP (Independent Power Producers) sector, overall orders in theenergy plant business fell as compared to previous term, mainly as a result of a decrease in orders from the domestic
market. On the other hand, orders in the water treatment plant business increased as compared to the previous term as aresult of receiving an order on a large-scale refurbishment project. Sales also increased as compared to the previous termas boiler-related construction projects for the power generation sector progressed further towards completion. In actual
figures, the segment received orders worth JPY26.4 billion, a fall of 3% as compared to the previous term, and posted
sales of JPY17.8 billion, a gain of 8% as compared to the previous term. Further, the segment posted an operating loss of
JPY700 million.
7. OtherIn this segment, orders dropped while sales increased as compared to the previous term. In actual figures, the segment
received orders worth JPY1.0 billion, a fall of 65% as compared to the previous term, and posted sales of JPY3.3 billion,a gain of 95% as compared to the previous term. Further, the segment posted operating income of JPY100 million.

(2) Explanation of the Group’s Consolidated Financial Position
1. Condition of Assets, Liabilities, and Net Assets
Total assets at the end of the first quarter of the current consolidated fiscal year under review (ended June 30, 2015)
amounted to JPY769.9 billion, a decrease of JPY16.2 billion as compared to the end of the previous consolidated fiscal
year. This was mainly due to the JPY15.0 billion decrease in trade notes and accounts receivable and the JPY15.0 billion
decrease in marketable securities outstripping the JPY16.7 billion increase in inventory assets.
Total liabilities fell to JPY405.6 billion, a decrease of JPY15.4 billion as compared to the end of the previous consolidated
fiscal year. This was mainly due to decreases of JPY3.2 billion in trade notes and accounts payable, JPY2.9 billion in thebalance of interest-bearing liabilities, and JPY7.5 billion in current liabilities.
Net assets fell to JPY364.3 billion, a decrease of JPY800 million as compared to the end of the previous consolidated fiscal
year. This was mainly due to the JPY1.8 billion drop in the foreign currency translation adjustment.
As a result of the above, the shareholders’ equity ratio improved by 0.9% from the end of the previous consolidated fiscal
year to finish at 46.7%.
2. Cash Flow Condition
Cash flow used for operating activities totaled JPY2.6 billion (as compared to an inflow of JPY19.7 billion in the previousterm). When broken down, the main components of the proceeds were JPY7.0 billion in quarterly net income before tax
and other adjustments, and the JPY18.4 billion reduction in trade receivables. The main sources of the outflow of cash
were the JPY17.6 billion increase in inventory assets and the JPY5.8 billion payment of corporate and other taxes.

7

Consolidated Results for the First Quarter
Ended June 30, 2015

Cash flow used for investing activities totaled JPY3.9 billion, as compared to an outflow of JPY2.5 billion during the previous
term. This was mainly due to the JPY4.6 billion used to acquire fixed assets.
Cash flow used for financing activities totaled JPY6.8 billion, as compared to an outflow of JPY12.2 billion in the previous
term. The outflow of cash was mainly used to repay outstanding debts in the amount of JPY2.3 billion (after netting out the
inflow from debts repaid) and to make dividend payments in the amount of JPY4.1 billion.
As a result of the foregoing, the balance of cash and cash equivalents at the end of the first quarter of the current
consolidated fiscal year under review totaled JPY76.8 billion, a decrease of JPY13.5 billion as compared to the end of theprevious consolidated fiscal year.

(3) Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates
No revisions have been made to the consolidated earnings forecast for the fiscal year ending March 31, 2016, which was
published along with the earnings summary on May 8, 2015.
Please note that from the second quarter of the current consolidated fiscal year, the main exchange rates are assumed to
be USD1 = JPY120 and EUR1 = JPY135.

8

Consolidated Results for the First Quarter
Ended June 30, 2015

2. Notes regarding Summarized Information (Explanatory Notes)(1) Changes Involving Important Subsidiaries during the Current Consolidated Year-to-Date Quarterly
PeriodThere are no applicable items.

(2) Special Accounting Procedures Adopted during the Development of the Quarterly Consolidated
Financial Report
There are no applicable items.

(3) Changes to Accounting Policies, Changes to Accounting Estimates, and Restatements(Changes to Accounting Policies)
With regard to the “Revised Accounting Standards for Business Combination” (Accounting Standards Board of Japan(ASBJ) Accounting Standard – ASBJ Statement No. 21 dated September 13, 2013; hereinafter referred to as the “Revised
Business Combination Accounting Standards”), the “Revised Accounting Standard for Consolidated Financial Statements”(Accounting Standards Board of Japan (ASBJ) Accounting Standard – ASBJ Statement No. 22 dated September 13, 2013;
hereinafter referred to as the “Revised Consolidated Financial Statements Accounting Standards), and the “Revised
Accounting Standards for Business Divestitures” (Accounting Standards Board of Japan (ASBJ) Accounting Standard –ASBJ Statement No. 7 dated September 13, 2013; hereinafter referred to as the “Revised Business Divestitures AccountingStandards) have been adopted from the first quarter of the current consolidated fiscal year under review. Where control ofcertain subsidiaries continues under the new accounting standards, the differential change in equity of the Group isreported as additional paid-in capital. In addition, a change was made to account for acquisition-related costs as an
expense item in the consolidated fiscal year where such costs were incurred.
Further, with regard to business combinations executed after the beginning of the first quarter of the current consolidated
fiscal year under review, the allotted acquisition cost resulting from the provisional accounting of the item will now bereflected in the quarterly consolidated financial report for the quarter in which the business integration is completed.
Moreover, the way in which quarterly net income is denoted has been changed, and the term minority interest has beenchanged to non-controlling interests. In order to reflect such changes, the quarterly consolidated financial statements andthe full consolidated year financial statements for the previous first quarter and previous consolidated fiscal year have been
reclassified.
The implementation of the Revised Business Combination Accounting Standards has been carried out in accordance with
Article 58-2(4) of the Revised Business Combination Accounting Standards, Article 44-5(4) of the Revised Consolidated
Financial Statements Accounting Standards, and Article 57-4(4) of the Revised Business Divestitures AccountingStandards which allow for transitional treatment. The new standards have been adopted from the first quarter of the current
consolidated fiscal year under review and will be utilized on a go-forward basis.
Please note that the impact of this change to the quarterly financial statements for the first quarter of the current
consolidated fiscal year under review is minimal.

9Consolidated Results for the First Quarter
Ended June 30, 2015

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Units: millions of yen)
End of Previous Fiscal YearAs of March 31, 2015

End of First Quarter
As of June 30, 2015

AmountAmountAssetsCash and deposits

57,42358,865

Notes and accounts receivable

194,916

179,959

Marketable securities

35,00020,000Inventory assets

153,835

170,567

Other

52,02852,941

Allowance for doubtful accounts(1,202)(1,221)

492,000

481,109Land

108,749

108,192

Other (net)

119,553

117,861

Total tangible assets

228,302226,053

9,333

9,258

9,333

9,258

Other

58,57655,890Allowance for doubtful accounts(2,184)(2,436)56,39253,454

Fixed assets

294,027

288,764

Total assets

786,027

769,874

Current assets

Other
Total intangible assets

Investments and other assets

10Consolidated Results for the First Quarter
Ended June 30, 2015

(Units: millions of yen)
End of Previous Fiscal YearAs of March 31, 2015

End of First Quarter
As of June 30, 2015

AmountAmountLiabilities
Notes and accounts payable

140,436

137,268

Short-term bank loans

42,11043,946Long-term loans due within one year

15,201

10,910Allowance

14,351

14,577

Other

100,673

93,165

312,771299,867

Bonds

10,00010,000Long-term debt due after one year

16,333

15,898

203

203

Defined benefit liability

46,162

44,316

Deferred income taxes on revaluation

22,293

22,238Other

13,163

13,040Total fixed liabilities

108,155

105,696

Total liabilities

420,926

405,563

Common stock

30,87230,872

Capital surplus

23,78923,789Retained earnings

239,815

240,662

(764)

(781)

293,712294,541

Unrealized gains on securities

5,437

6,018

Profit (loss) on deferred hedge(2,229)(2,749)

Revaluation reserve for land

40,47640,864Foreign currency translation adjustments

26,641

24,860Re-measurement of defined benefit plans(3,957)(4,072)

Total accumulated other comprehensive income

66,36764,921

Non-controlling interest

5,022

4,848

Total net assets

365,101

364,311

Total liabilities and net assets

786,027

769,874

Current liabilities

Allowance

Net assets

Treasury stock
Total shareholders' equity

11Consolidated Results for the First Quarter
Ended June 30, 2015

(2) Consolidated Income Statements and Consolidated Statement of Comprehensive Income
Consolidated Income Statements(Units: millions of yen)Previous First Quarter
April 1, 2014, to June 30,
2014

Present First Quarter
April 1, 2015, to June 30,
2015

AmountAmountNet sales

140,666

152,695

Cost of sales

109,878

118,491

Gross income

30,78834,204

Selling, general & administrative expenses

24,70026,452

Operating income

6,089

7,752

Interest income

110

113

Dividend income

432

386

Other

758

721

1,300

1,220

Interest expense

720

527

Other

681

1,451

Total non-operating expenses

1,401

1,979

Ordinary income

5,987

6,993

Loss on impaired assets

99Total extraordinary losses

99Income before income taxes

5,978

6,985

Corporate income taxes

1,734

2,829

Net income

4,244

4,156

Quarterly net income (or loss) attributable to noncontrolling interests

158

(262)

Net income attributed to shareholders of the parent
company

4,086

4,418

Non-operating income

Total non-operating income
Non-operating expenses

Extraordinary losses

12Consolidated Results for the First Quarter
Ended June 30, 2015

Consolidated Statement of Comprehensive Income(Units: millions of yen)Previous First Quarter
April 1, 2014, to June 30, 2014

Present First Quarter
April 1, 2015, to June 30, 2015

AmountAmount

Net income

4,244

4,156

Unrealized gains on securities

569

532

Profit (loss) on deferred hedge

461

(465)

Revaluation reserve for land―

55

(3,966)(1,792)Adjustment to retirement benefits

10

(116)

Amount applied for equity method
accounting of affiliates

3(4)

Total other comprehensive income(2,922)(1,790)

1,321

2,366

1,342

2,639

(20)

(273)

Other comprehensive income

Foreign currency translation adjustments

Comprehensive income(Breakdown)Comprehensive income relating toparent company shareholdings
Quarterly comprehensive income relating
to non-controlling interests(3) Notes regarding Consolidated Quarterly Financial Statements(Notes on Premise of a Going Concern)
There are no applicable items.

(Notes regarding Significant Fluctuations to Shareholders’ Equity)
There are no applicable items.

(Subsequent Events of Significant Importance)
There are no applicable items.

13Consolidated Results for the First Quarter
Ended June 30, 2015

4. Supplementary Information(1) Orders, Sales and Operational Profit, and Balance of Orders by Segment
Orders Received(Units: millions of yen)Segment

April 1, 2014, toJune 30, 2014

April 1, 2015, toJune 30, 2015

AmountAmountY/Y Change
Amount%Machinery Components

25,38827,2471,859

7.3

Precision Machinery

37,85636,527(1,330)(3.5)

Construction Machinery

49,861

48,780(1,081)(2.2)

Industrial Machinery

17,78230,93913,157

74.0

Ships

17,671

8,922(8,749)(49.5)

Environmental Facilities & Plants

27,18626,447

(738)

(2.7)

Other

2,941

1,027

(1,914)(65.1)

Total

178,685

179,888

1,203

0.7

Sales and Operational Profit(Units: millions of yen)Segment

April 1, 2014, toJune 30, 2014

April 1, 2015, toJune 30, 2015

Operational
ProfitSales

Y/Y Change

Operational
ProfitSales

Operational
ProfitSales

Machinery Components

23,457

1,602

25,259

1,331

1,802

(271)

Precision Machinery

31,126

1,453

36,797

4,649

5,670

3,196

Construction Machinery

45,6393,403

47,284

1,541

1,645

(1,862)

Industrial Machinery

16,501

123

15,659

892

(843)

769

Ships

5,769

(965)

6,627

(96)

858

870

Environmental Facilities & Plants

16,49652

17,793

(684)

1,297

(736)

Other

1,677

449

3,277

122

1,600

(326)

―

(27)

―

(4)

―

24

140,666

6,089

152,695

7,752

12,029

1,663

Adjustments
Total

14

Consolidated Results for the First Quarter
Ended June 30, 2015

Balance of Orders Received(Units: millions of yen)Segment

End of Previous Fiscal
Year
As of March 31, 2015

End of First Quarter
As of June 30, 2015

AmountAmountChangeAmount%Machinery Components

31,68533,673

1,987

6.3

Precision Machinery

49,89549,625

(270)

(0.5)

Construction Machinery

32,211

33,707

1,496

4.6

Industrial Machinery

93,695

108,976

15,281

16.3

Ships

64,672

66,9672,294

3.5

Environmental Facilities & Plants

115,433

124,088

8,655

7.5

Other

5,253

3,003

(2,250)(42.8)

Total

392,846

420,038

27,193

6.9

The Group’s operating segments are categorized as follows:Businesses

Main Products

Machinery Components

Power transmission and control equipment

Precision Machinery

Plastics machinery, film forming machines, semiconductor production
equipment, laser processing systems, cryogenic equipment, precision
positioning equipment, precision forgings, control components, defense
equipment, machining tools

Construction Machinery

Hydraulic excavators, mobile cranes, road machinery

Industrial Machinery

Ion accelerators, medical machines and equipment, plasma coating systems
for FPDs, forging press machines, material handling systems, logistics
systems, automated parking systems, turbines, pumps

Ships

Ships

Environmental Facilities & Plants

Private power generation facilities, boilers, industrial waste treatment facilities,
air pollution control equipment, water and sewage treatment systems, processequipment, pressure vessels, mixing vessels, air-conditioning equipment, foodprocessing machinery

15

Consolidated Results for the First Quarter
Ended June 30, 2015(2) (Summary) Consolidated Cash Flows Statement(Units: millions of yen)Previous First Quarter
April 1, 2014, to June30, 2014

Present First Quarter
April 1, 2015, to June30, 2015

Income before income taxes

5,978

6,985

1,006

Depreciation

3,928

4,731

803

(Increase) decrease in notes and accounts
receivable

32,64018,415(14,225)(Increase) decrease in inventories(12,547)(17,589)(5,042)

Increase (decrease) in notes and accounts
payable1,021(2,916)(3,937)

Payments for income taxes(6,972)(5,764)

1,208

Other

(4,314)(6,431)(2,117)

19,735(2,569)(22,304)(3,338)(4,631)(1,293)

803

769

(34)

(2,535)(3,863)(1,327)

Net increase (decrease) in short-term loans(9,653)(2,310)

7,343

Cash dividends paid

(2,180)(4,117)(1,937)

(394)

(372)

22

(12,227)(6,799)

5,428

(774)

(265)

509

Cash and cash equivalents at beginning of period

76,41890,324

13,906

Cash and cash equivalents at end of period

80,61676,828(3,788)Net cash provided by operating activities
Payments for purchases of property, plant,
and equipment
Other
Net cash used in investing activities

Other
Net cash used in financing activities
Other

16

Y/Y Change