Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2007 ended March 31, 2007
August 4, 2006
Company:
Stock code:
URL:

Taiheiyo Cement Corporation5233
http://www.taiheiyo-cement.co.jp/

Fiscal 2006 1Q:
Fiscal 2006:
Fiscal 2007 1Q:
Fiscal 2007:

April 1, 2005- Jun 30,2005
April 1, 2005-March 31, 2006
April 1, 2006-Jun 30, 2006
April 1, 2006-March 31, 2007

The accompanying consolidated financial results are not intended to present the financial results in accordancewith accounting principles and practices generally accepted in countries and jurisdictions other than Japan.

1. Consolidated results for the first quarter of FY3/07 (April 1, 2006 – Jun 30, 2006)
All yen figures are rounded down to the nearest one million yen.
(1) Consolidated results of operations
Net Sales
Millions of Yen

1Q FY3/07
1Q FY3/06
FY3/061Q FY3/07
1Q FY3/06
FY3/06217,151
211,057
906,657
Net income
Millions of Yen
616-19,650
9,101

Operating income
%
2.9
6.0%
-Ordinary income

Millions of Yen%

Millions of Yen%

11,536
9,788
62,011

17.9
72.9

8,202
7,298
49,79212.4209.5

EPSYen0.66-21.02
9.63

Diluted EPS
Yen
0.64
9.29

(2) Consolidated financial position
1Q FY3/07
1Q FY3/06
FY3/06

Total assets
Millions of Yen
1,248,811
1,251,838
1,278,245

Shareholders’ equity
Millions of Yen
300,619
218,962
269,480

Equity ratio
%
21.2
17.5
21.1

Equity per shareYen
282.38234.27287.94(Reference:FY3/07 consolidated earnings forecast (April 1, 2006 – March 31, 2007))
There is no revision proposed in the consolidated project performance for the FY3/07, which was announced on
May 16, 2006.

Page 1 of 4

Consolidated Balance Sheets(Summary)Item

1H FY3/07(As of 6/30/06)(Unit: Millions of Yen)
FY3/06
Change(As of 3/31/06)

AssetsCurrent assets
Cash and time deposits
Notes and accounts receivable
Inventories
Other current assets

379,51275,020
192,388
78,987
33,116402,222
98,891
197,455
73,99531,880-22,710-23,871-5,066
4,992
1,235

Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Total assets

869,299
586,480
47,368235,449
1,248,811

876,022583,38847,592
245,041
1,278,245-6,7233,092-224-9,591-29,433

576,458
121,126

593,929
119,987-17,470
1,139

377,090

390,496-13,405

78,24083,445-5,205

371,733

378,988-7,255

266,028

268,958-2,929105,704
948,191-

110,029
972,91735,847-4,325-24,726--

69,49959,515
105,973
4,785
28,1993,260-1,752
269,480--

1,278,245-

231,733
69,49959,597104,391-1,75432,457
24,144
0
4,553
3,758
36,429300,619--

1,248,811--

Liabilities
Current liabilities
Notes and accounts payable
Short-term borrowings and bonds(duewithin one year)
Other current liabilities
Fixed liabilities
Long-term borrowings ,Bonds andcomvertible bonds
Other fixed liabilities
Total liabilities
Minority interests
Shareholders’ equity
Capital stock
Additional paid in capital
Retained earnings
Revaluation excess
Unrealized gain on other securities
Foreign currency translation adjustments
Treasury stock
Total shareholders’ equity
Total liabilities, minority interests andshareholders’ equity
Net Assets
Owners’ equity
Capital stock
Additional paid in capital
Retained earnings
Treasury stock
Valuation and translation Adjustments
Unrealized gain on other securities
Deferred losses on hedges
Revaluation excess
Foreign currency translation adjustments
Minority interests
Total net assets
Total liabilities and net assets

Page 2 of 4

Consolidated Statements of Income(Summary)Item
Net sales
Operatingincome/loss

Cost of sales
Selling, general and administrative
expenses
Operating income

1Q FY3/07(4/1/06–6/30/06)
217,151(Unit: Millions of Yen)
1Q FY3/06
Change(4/1/05–6/30/05)
211,057
6,093

171,671

166,813

4,858

33,94334,456-513

11,536

9,788

1,748

Non-operating income

3,100

3,020

80

Non-operating expenses

6,434

5,510

924

Ordinary income

8,202

7,298

904

Extraordinary gains (losses)-1,373-33,469

32,096

Net income before income taxes

6,829-26,171

33,000

Income taxes

5,815

4,822

992

Income tax adjustments

48-10,452

10,501

Minority interest income

349-891

1,240

Net income

616-19,650

20,266

Page 3 of 4

Segment Information
Segment information(Unit: Millions of Yen)
MineralCementResources
BusinessBusinessNet Sales
Operatingexpenses
Operatingincome/loss

Environmental
Business

1Q FY3/07 (4/1/06 – 6/30/06)
Construction Ceramics &Materials
Electronics Other
Business
Business

Total

Eliminations
Consolidated
or corporate
total
assets134,740

25,451

15,154

20,956

18,692

26,879241,874(24,722)

217,151

125,61124,247

14,69921,497

18,79325,255230,104(24,489)

205,614

9,128

1,204

455

-541

-101

1,623

11,769(233)

11,536

Page 4 of 4