Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2016 ended March 31, 2016
August 7, 2015
Company:
Stock code:
URL:

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

Fiscal 2015 1Q:
Fiscal 2015:
Fiscal 2016 1Q:
Fiscal 2016:

April 1, 2014- June 30,2014
April 1, 2014- March 31, 2015
April 1, 2015- June 30, 2015
April 1, 2015- March 31, 2016

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 2016 (April 1, 2015 through June 30, 2015)(1) Operating Results
Net Sales

Operating income

Millions of Yen
209,843
194,785

1Q FY3/16
1Q FY3/15

%
7.7
4.0

*comprehensive income : Fiscal 2016 1QEPS

6,339%
1.1
24.1

Fiscal 2015 1Q

Millions of Yen
11,296
11,602

5,946

Diluted EPS
Yen––Yen
5.33
7.10

1Q FY3/16
1Q FY3/15

Millions of Yen
11,50611,384

Profit attributable toowners of parent% Millions of Yen%△2.6
6,553 △24.9
67.1
8,721
326.9

Ordinary income(2) Financial Position
1Q FY3/16
FY3/15

Total assets
Millions of Yen
1,026,376
1,040,602*Equity : Fiscal 2016 1Q

305,681

Total net assets
Millions of Yen
350,411
347,490

Fiscal 2015

Equity ratio
%
29.8
29.1

302,645

2. Dividends
1Q
FY3/15
FY3/16
FY3/16(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

Yen

Yen

Yen

Yen

——

2.00

—

3.00

5.00

3.00

—

3.00

6.003. Consolidated Results Forecast for the Fiscal 2016(April 1, 2015 through March 31, 2016)
Net sales

Operating income

1HFY3/16

416,000%
2.9

FY3/16

892,000

5.8

Millions of Yen

Ordinary income

Millions of Yen%

Millions of Yen

23,500-15.4

22,500%-20.9

66,0000.9

65,000-4.3

Profit attributable toowners of parent
Millions of Yen%
12,000-33.9
37,000

-16.1

EPS
Yen

9.77
30.11

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
Noncurrent assets
A. Property, plant and equipment
Buildings and structures, net
Machinery, equipment, and vehicles, netLand
Other, netTotal property, plant and equipment
B. Intangible assets
Goodwill
Other
Total intangible assets
C. Investments and other assets
Investment securities
Net defined benefit retirement asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets(Millions of Yen)
FY3/15
1Q FY3/16(As of 3/31/15)(As of 6/30/15)

53,859178,350
28,5872,183
43,252
26,079(2,329)329,981

57,391
162,589
31,065
1,618
44,111
24,341(2,358)318,759

144,291
120,804
164,647
60,821
490,565

142,165
117,297
163,085
63,575486,123

9,297
32,53841,836

8,539
31,96340,503

113,747
20,33850,095(5,961)
178,219
710,6211,040,602

114,936
20,804
51,327(6,079)180,989
707,616
1,026,376

Page 2 of 5

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

Item
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Commercial Papers
Current portion of bonds
Income taxes payable
Provision for bonuses
Other provision
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Net defined benefit retirement liability
Provision for directors’ retirement benefits
Provision for loss on business of subsidiaries
and affiliates
Provision for special repairs
Provision for asset removal
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 hedgesRevaluation reserve for land
Foreign currency translation adjustment
Retirement benefits liability adjustments
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets(Millions of Yen)
FY3/15
1Q FY3/16(As of 3/31/15)(As of 6/30/15)

85,036
178,816
5,000
20,38010,7305,642
1,060
71,149377,81776,870188,694
10,00010,380
5,176
4,043
1,148
72,355
368,668

46,710148,232
26,889514

46,670141,454
25,935
432

138

138

312
41
7,673
84,783315,295
693,1123277,697
84,641
307,296
675,965

86,17450,757
158,939(934)
294,937

86,17450,756
162,286(944)
298,273

6,908

7,707

2
4,295
649
(4,148)84,295(484)(4,119)

7,707

7,408

44,84544,729347,490

350,4111,040,602

1,026,376

Page 3 of 5

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

Item
Net sales(Millions of Yen)
1Q FY3/15
1Q FY3/16(4/1/14(4/1/156/30/14)
6/30/15)
209,843
194,785

Cost of sales

151,638

163,743

Gross profit

43,14746,099Selling, general and administrative expenses

31,762

34,593Operating income

11,384

11,506

Interest income

115

127

Dividends income

219

331

2,160

1,274

822

1,220

3,318

2,954

Interest expenses

1,786

1,522

Other

1,313

1,641

3,099

3,164

11,602

11,296

Gain on disposal of property, plant, and equipment

603

99

Gain on sales of investment securities

100588Gain on step acquisitions

916

-

Other

472

24

2,092

713

474
335

616
133

Non-operating income

Equity in earnings of unconsolidated subsidiaries
and affiliatesOther
Total non-operating income
Non-operating expenses

Total non-operating expenses
Ordinary income
Extraordinary income

Total extraordinary income
Extraordinary loss
Loss on disposal of property, plant, and equipment
Other809

749

Income before income taxes and non-controlling interests

Total extraordinary losses

12,885

11,260

Income taxes-current

4,078

4,535

Profit

8,806

6,724

Profit attributable to non-controlling interests
Profit attributable to owners of parent

84

171

8,721

6,553

Page 4 of 5

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

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

1Q FY3/15(4/1/146/30/14)
8,806(Millions of Yen)
1Q FY3/16(4/1/156/30/15)
6,724

147
(11)
(2,310)656
5(457)

369

30(1,055)(621)(2,859)
5,946

(385)
6,339

6,103
(157)

6,253
85

Retirement benefits liability adjustments
Share of other comprehensive income of associates accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to :Owners of parent
Non-controlling interests

Consolidated Segment Information(Information regarding sales and income(loss)by reportable segments)
All yen figures are rounded down to the nearest one million yen.

(Millions of Yen)
1Q FY3/15 (4/1/14 – 6/30/14)
Reportable Segments
MineralConstruction
CementEnvironmental
Resources
Materials
Business
Business
Business
Business
Net sales
Sales to outside
customers
Inter-segment
sales
Total
Segment income

Total

Other

Inter-segment
sales
Total
Segment income

Adjustment

Consolidated
Total

127,895

17,966

16,355

18,132

180,349

14,436

194,785-

194,785

2,420

5,565

1,292

921

10,200

6,292

16,492(16,492)-

130,316
6,566

23,531
1,135

17,647
1,531

19,053
291

190,549
9,525

20,7281,733

211,278
11,258(16,492)
126

194,785
11,384

1Q FY3/16 (4/1/15 – 6/30/15)
Reportable Segments
MineralConstruction
CementEnvironmental
OtherResources
Materials
Total
Business
Business
Business
Business
Net sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

144,891

17,18015,21020,185

197,468

12,374

209,843-

209,843

2,377

5,751

1,234

1,725

11,088

6,071

17,159(17,159)-

147,269
6,600

22,931
1,509

16,445
1,407

21,910945

208,556
10,462

18,445
1,051

227,002
11,513(17,159)(7)

209,843
11,506

Page 5 of 5