Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2012 ended March 31, 2012
August 11, 2011
Company:
Stock code:
URL:

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

Fiscal 2011 1Q: April 1, 2010- June 30,2010
Fiscal 2011:
April 1, 2010-March 31, 2011
Fiscal 2012 1Q: April 1, 2011-June 30, 2011
Fiscal 2012:
April 1, 2011-March 31, 2012

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.
(All yen figures are rounded down to the nearest one million yen.)

1. Consolidated Financial Results for the First Quarter of Fiscal 2012 (April 1, 2011 through June 30, 2011)(1) Operating Results
Net Sales
Millions of Yen
164,540
162,959

1Q FY3/12
1Q FY3/11%
1.0(6.1)

Operating income(loss)
Millions of Yen%
(1,276)–(3,868)–*comprehensive income : Fiscal 2012 1Q (2,210)

EPS%–
–

Fiscal 2011 1Q (10,063)

Diluted EPS
Yen––Yen(5.63)(11.51)

1Q FY3/12
1Q FY3/11Ordinary income(loss)
Net loss
Millions of Yen% Millions of Yen(4,223)–(5,299)(8,061)–(10,823)(2) Financial Position
1Q FY3/12
FY3/11

Total assets
Millions of Yen
992,569
998,741*Equity : Fiscal 2012 1Q 135,782

Total net assets
Millions of Yen
161,893
166,819

Equity ratio
%
13.7
14.1

Fiscal 2011 1Q 140,441

2. Dividends
1Q
FY3/11
FY3/12
FY3/12(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

Yen

Yen

Yen

Yen

——

0.00

—

2.50

2.50

2.00

—

2.00

4.00

3. Consolidated Results Forecast for the Fiscal 2012(April 1, 2011 through March 31, 2012)
Net sales
1HFY3/12

338,900%(1.2)

Operating income(loss)
Millions of Yen%
2,700—

Ordinary income(loss)
Millions of Yen%
(2,500)—FY3/12

709,500(2.3)

27,00018,200Millions of Yen

64.3

145.5

Net income(loss)%(7,200)—

Millions of Yen

113,000

153.9

EPSYen(7.65)
12.01

This forecast is based on the information available at the date of publication of this material and assumptions at the same datewith respect to the various factors which might have impact on the future financial results. Actual results may differ
materially from this forecast due to various factors.

Page 1 of 5Consolidated Balance Sheets
All yen figures are rounded down to the nearest one million yen.

ItemAssets
Current assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
A. Property, plant and equipment
Buildings and structures, net
Machinery, equipment, and vehicles, netLand
Other, net
Total property, plant and equipment
B. Intangible assets
Goodwill
Other
Total intangible assets
C. Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

FY3/11(As of 03/31/11)(Millions of Yen)
1Q FY3/12(As of 6/30/11)

67,290150,064
27,1686,166
35,26038,796(1,810)322,936

68,587
137,932
28,3396,662
34,94642,925(1,657)317,736

158,150
117,902
153,479
51,444
480,977

156,778
115,466
153,385
54,184
479,815

15,60731,09546,702

15,34531,082
46,42787,46666,420(5,762)
148,125
675,805
998,741

87,02367,222(5,656)
148,589
674,832
992,569

Page 2 of 5

All yen figures are rounded down to the nearest one million yen.

ItemLiabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Commercial papers
Current portion of bonds
Income taxes payable
Provision for bonuses
Provision for directors’ bonuses
Provision for loss on disaster
Provision for loss on assignment of business
Other provisions
OtherTotal current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Provision for retirement benefits
Provision for directors’ retirement benefits
Provision for loss on business of subsidiaries
and affiliates
Provision for removal of assets
Provision for special repairs
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-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Adjustments for employee retirement benefitof overseas subsidiary
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

FY3/11(As of 03/31/11)(Millions of Yen)
1Q FY3/12(As of 6/30/11)

78,757282,336
12,00020,326
3,323
4,152
7
6,542
5,953
878
58,599472,877

72,564
291,897
9,000
20,273
1,374
3,350
7
5,953
5,630
886
59,121
470,058

51,954
199,554
23,945626

52,239199,675
24,023
547

138

138

2,427
319
6,251
73,827359,044

2,427
338
6,120
75,106360,617

831,922830,675

69,49933,962
82,952(918)
185,495

69,49933,96175,358(918)
177,901

2,393

1,814

54
4,447
(49,503)28
4,439(45,969)(2,446)(2,433)(45,053)
26,378
166,819(42,118)
26,111
161,893998,741

992,569

Page 3 of 5

Consolidated Statements of Income
All yen figures are rounded down to the nearest one million yen.

ItemNet sales(Millions of Yen)
FY3/11
FY3/12(4/1/10–(4/1/11–6/30/10)
6/30/11)
162,959
164,540

Cost of sales

137,766

137,286

Gross profit

25,192

27,254

Selling, general and administrative expenses

29,06028,530Operating income(loss)(3,868)(1,276)

Interest income

148

116

Dividends income

480

213

Non-operating income

Other
Total non-operating income

1,308

1,116

1,937

1,445

2,481

2,340

1,331

982

2,318

1,069

6,131

4,392

(8,061)(4,223)

1,031

378

418
1,450

144
522

170
85－

204
365
932

4,056

－

814

191

5,126

1,694

(11,737)(5,394)(1,113)(253)437282

Non-operating expenses
Interest expenses
Equity in losses of unconsolidated subsidiaries andaffiliates
Other
Total non-operating expenses
Ordinary income(loss)
Extraordinary income
Gain on disposal of property, plant, and equipment
Other
Total extraordinary income
Extraordinary loss
Loss on disposal of non-current assets
Loss on business withdrawal
Loss on disaster
Loss on adjustment for changes of accounting
standard for asset retirement
Other
Total extraordinary losses
Income(loss) before income taxes and minority
interests
Income taxes-current
Income taxes-deferredIncome taxes
Net income before minority interests(675)

28(11,061)(5,423)

Minority interests

(237)

(123)

Net income(loss)(10,823)(5,299)Page 4 of 5

Consolidated Statements of Comprehensive Income
All yen figures are rounded down to the nearest one million yen.

Item
Loss before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Adjustments for employee retirement benefit of overseas
subsidiary
Share of other comprehensive income of associates accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to abstract :Shareholders of Taiheiyo Cement Corporation
Minority interests(Millions of Yen)
1Q FY3/11
1Q FY3/12
4/1/10 –4/1/11 –06/30/10
06/30/11(11,061)(5,423)(1,369)
(0)
1,192

(538)
(7)
1,975

36

13

1,138

1,769

998
(10,063)

3,212(2,210)(9,843)(220)(2,357)146

Segment Information
All yen figures are rounded down to the nearest one million yen.

[Industry Segments](Millions of Yen)

MineralCementResources
Business
Business
Net sales(1) Net sales tooutside
99,978customers(2) Intersegment
2,722
net sales
Total
102,700
Segment profit(1,914)(loss)

Environmental
Business

FY3/12 (4/1/11 – 6/30/11)
Construction Ceramics &Materials Electronics Other
Business
Business

Total

Eliminations
Consolidated
or corporate
total
assets

15,671

12,52015,985

11,032

9,351

164,540—

164,540

3,866

1,263

875

4

4,881

13,613(13,613)—

19,53813,784

16,86011,036

14,233

178,154(13,613)

164,54090

1,202(814)

(313)

444

(1,304)(27)(1,276)

Page 5 of 5