December 22, 2006

Taiheiyo Cement Posts Updates of a Previously Published Results Document
Summary of Consolidated FY06 Financial Results Partially Revised
Taiheiyo Cement Corporation announced that it has updated a previously published results document to correct
mistakes. The revised document is the Summary of Consolidated Financial Results of Taiheiyo Cement
Corporation for the Fiscal Year 2006 Ended March 31, 2006, initially posted on Taiheiyo Cement’s website onMay 16, 2006.
The corrected parts are underlined.

Page 1 FY3/06 consolidated results (April 1, 2005 – March 31, 2006)(2) Consolidated financial position(Before revision)
Total assets
Shareholders’ equity
Millions of Yen
Millions of Yen
269,480
FY3/06
1,278,245
236,734
FY3/05
1,247,532

Equity ratio
%
21.1
19.0

Equity per share
Yen
288.01
253.26(After revision)

FY3/06
FY3/05

Total assets
Millions of Yen
1,278,245
1,247,532

Shareholders’ equity
Millions of Yen
269,387
236,734

Equity ratio
%
21.1
19.0

Equity per shareYen
287.91
253.26

Page 2 Consolidated Balance Sheets(Before revision)
Consolidated Balance Sheets(Unit: Millions of Yen)
ItemAssets
Current assets
Cash and time deposits
Notes and accounts receivable
Inventories
Deferred income taxes
Short-term loans
Other current assets
Allowance for doubtful accounts
Current assets
Fixed assets
A. Tangible fixed assets
Buildings and structures
Machinery, equipment
LandConstruction in progress
Other tangible fixed assets
Tangible fixed assets
B. Intangible fixed assets
Trade rights
Consolidation adjustments
Other intangible fixed assets
Intangible fixed assets
C. Investments and other assets
Investment securities
Long-term loans
Deferred income taxes
Other investments and assets
Allowance for doubtful accounts
Investments and other assets
Fixed assets
Total assets

FY3/06(As of 3/31/06)

FY3/05(As of 3/31/05)

98,891
197,455
73,995
4,245
16,353
14,827–3,546402,22273,364
190,071
67,811
3,592
16,89817,094–2,589366,243

25,527
7,383
6,183
652
–544
–2,266–956
35,979194,305
171,228
179,662
13,662
24,529583,388

201,052
165,920
202,639
13,20725,292
608,111–6,746
5,308–22,977455–762–24,722

14,262
5,843
27,48747,59213,016
6,955
27,08847,0601,246–1,112
399
532

180,110
6,205
15,71458,488–15,478
245,041
876,022
1,278,245

158,715
8,728
15,424
59,795–16,547
226,117881,289
1,247,532

21,394–2,523290–1,306
1,068
18,923–5,26630,712

Change(Unit: Millions of Yen)
Item
Liabilities
Current liabilities
Notes and accounts payable
Short-term borrowings
Bonds (due within one year)
Income taxes payable
Deferred income taxes
Bonus reserve
Other reserves
Other current liabilities
Current liabilities
Fixed liabilities
Bonds
Convertible bonds
Long-term borrowings
Deferred income taxes
Deferred income taxes from revaluation
excess
Accrued for retirement benefits
Accrued for retirement benefits todirectors and corporate auditors
Special repair reserve
Other fixed liabilities
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

FY3/06(As of 3/31/06)

FY3/05(As of 3/31/05)

119,987
328,742
61,754
12,952
5
6,362
629
63,495593,929

117,476
332,310
20,890
3,948
69
5,871
628
66,210547,404

2,510–3,56840,864
9,004
–64
491
1
–2,714
46,52453,05434,000181,904
21,00963,49034,000215,266
28,182–10,436––33,361–7,172

5,904

5,937

–32

33,31433,622

–307

2,313

2,304

9133
47,352378,988972,91735,847

141
50,580433,525
980,929
29,867–7–3,227–54,536–8,012
5,979

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

69,49958,605
101,337
4,855
19,885–14,725–2,723
236,734

–
910
4,635
–70
8,314
17,985970
32,745

1,278,245

1,247,532

30,712

Change(After revision)
Consolidated Balance Sheets(Unit: Millions of Yen)
Item
AssetsCurrent assets
Cash and time deposits
Notes and accounts receivable
Inventories
Deferred income taxes
Short-term loans
Other current assets
Allowance for doubtful accounts
Current assets
Fixed assets
A. Tangible fixed assets
Buildings and structures
Machinery, equipment
Land
Construction in progress
Other tangible fixed assets
Tangible fixed assets
B. Intangible fixed assets
Trade rights
Consolidation adjustments
Other intangible fixed assets
Intangible fixed assets
C. Investments and other assets
Investment securities
Long-term loans
Deferred income taxes
Other investments and assets
Allowance for doubtful accounts
Investments and other assets
Fixed assets
Total assets

FY3/06(As of 3/31/06)

FY3/05(As of 3/31/05)

98,891
197,455
73,995
4,245
16,353
14,827–3,546402,22273,364
190,071
67,811
3,592
16,89817,094–2,589366,243

25,527
7,383
6,183
652
–544
–2,266–956
35,979194,305
171,228
179,662
13,662
24,529583,388

201,052
165,920
202,639
13,20725,292
608,111–6,746
5,308–22,977455–762–24,722

14,262
5,843
27,48747,59213,016
6,955
27,08847,0601,246–1,112
399
532

180,110
6,205
15,71458,488–15,478
245,041
876,022
1,278,245

158,715
8,728
15,424
59,795–16,547
226,117881,289
1,247,532

21,394–2,523290–1,306
1,068
18,923–5,26630,712

Change(Unit: Millions of Yen)
ItemLiabilities
Current liabilities
Notes and accounts payable
Short-term borrowings
Bonds (due within one year)
Income taxes payable
Deferred income taxes
Bonus reserve
Other reserves
Other current liabilities
Current liabilities
Fixed liabilities
Bonds
Convertible bonds
Long-term borrowings
Deferred income taxes
Deferred income taxes from revaluation
excess
Accrued for retirement benefits
Accrued for retirement benefits todirectors and corporate auditors
Special repair reserve
Other fixed liabilities
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

FY3/06(As of 3/31/06)

FY3/05(As of 3/31/05)

119,987
328,742
61,754
12,952
5
6,362
629
63,495593,929

117,476
332,310
20,890
3,948
69
5,871
628
66,210547,404

2,510–3,56840,8649,004–64491
1–2,714
46,52453,05434,000181,904
21,00963,49034,000215,266
28,182–10,436––33,361–7,172

6,077

5,937

139

33,31433,622

–307

2,313

2,304

9

133
47,352
379,160
973,090
35,768141
50,580433,525
980,929
29,867–7–3,227–54,364–7,8395,900

69,49959,515
105,973
4,691
28,1993,260–1,752
269,387

69,49958,605
101,337
4,855
19,885–14,725–2,723
236,734

–
910
4,635
–164
8,314
17,985970
32,652

1,278,245

1,247,532

30,712

Change