Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the Third Quarter of Fiscal 2017 ended March 31, 2017
February 10, 2017
Company:
Stock code:
URL:

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

Fiscal 2016 3Q:
Fiscal 2016:
Fiscal 2017 3Q:
Fiscal 2017:

April 1,2015- December 31,2015
April 1,2015- March 31,2016
April 1 2016- December 31,2016
April 1,2016- March 31,2017

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 Third Quarter of Fiscal 2017 (April 1, 2016 through December 31, 2016)(1) Operating Results
Net Sales
Millions of Yen

3Q FY3/17
3Q FY3/16

Operating income%△ 5.5

592,207626,562

EPSYen46.01
21.63

3Q FY3/17
3Q FY3/16

Millions of Yen%

Millions of Yen

44,23443,2642.2△ 10.044,06042,471

0.7*comprehensive income : Fiscal 2017 3Q

34,979Profit attributable toOwners of parent

Ordinary income%
3.7

Millions of Yen%
114.9
△ 21.7

57,11726,575△ 15.9Fiscal 2016 3Q 21,944

Diluted EPS
Yen––(2) Financial Position
Total assets
Millions of Yen
1,036,707
1,014,075

3Q FY3/17
FY3/16*Equity : Fiscal 2017 3Q

349,030

Total net assets
Millions of Yen
386,353
357,073

Equity ratio
%
33.7
31.4

Fiscal 2016 318,285

2. Dividends
1Q
FY3/16
FY3/17
FY3/17(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

YenYen

Yen

Yen——

3.00
3.00

——

3.00

6.00

3.00

6.00

3. Consolidated Results Forecast for the Fiscal 2017 (April 1, 2016 through March 31, 2017)
Operating income

Net sales
Millions of Yen

FY3/17805,000%

Millions of Yen△ 3.662,000%
2.6

Profit attributable toOwners of parent

Ordinary income
Millions of Yen

57,000%Millions of Yen△ 5.452,000%
42.8

EPSYen41.68

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, net
Total property, plant and equipment
B. Intangible assets
GoodwillOther
Total intangible assets
C. Investments and other assets
Investment securities
Assets for retirement benefits
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets(Millions of Yen)
FY3/163Q FY3/17(As of 3/31/16) (As of 12/31/16)

53,539161,392
31,187
1,485
42,624
19,627(938)
308,918

65,851
187,898
28,3992,689
39,554
27,113(1,064)350,442

132,708
147,151
140,726
67,024
487,611

134,710
134,625
158,498
63,023490,858

6,432
37,48743,9193,570
34,33137,901

115,4438,968
55,870(6,655)
173,626
705,156
1,014,075

83,027
9,865
72,195(7,583)
157,504
686,264
1,036,707

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
Current portion of bonds
Income taxes payable
Provision for bonuses
Other provision
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Liability for retirement benefits
Provision for directors’ retirement benefits
Provision for special repairs
Other provision
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
Retirement benefits liability adjustments
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assetsTotal liabilities and net assets(Millions of Yen)
FY3/163Q FY3/17(As of 3/31/16)(As of 12/31/16)

73,893
160,421
450
8,351
5,723
751
71,637321,229

84,320142,389
10,17020,1323,200
520
75,497336,231

46,155
187,471
22,814
433
245
747
7,990
69,915
335,772
657,002

36,045
168,470
22,300
435
107
983
7,908
77,873314,123
650,354

86,17450,925
188,731(979)
324,851

86,17459,351
238,545(8,795)375,275

4,755

7,589

16
4,665
(4,174)(11,829)219
5,065(30,361)(8,757)(6,566)(26,244)

38,78737,322357,073

386,353

1,014,075

1,036,707

Page 3 of 5

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

ItemNet sales(Millions of Yen)
3Q FY3/16
3Q FY3/17(4/1/15(4/1/1612/31/15)
12/31/16)
626,562592,207

Cost of sales

483,410447,152

Gross profit

143,152

145,054

Selling, general and administrative expenses

99,887

100,820

Operating income

43,264

44,234

Interest income

422

412

Dividends income

573

618

3,476

3,201

3,2707,742

1,820
6,052

Interest expenses

4,886

3,789

Other

3,649

2,436

8,535

6,226

42,47144,060Gain on disposal of property, plant, and equipment

448

426

Gain on sales of investment securities

755

3,971

-

16,874

76
1,281

33
21,305

1,595
618

1,495
3,034
304

2,213

4,835

Income before income taxes and non-controlling interests

41,53860,531

Income taxes-current

13,471

1,533

Profit28,06658,997

Non-operating income

Equity in earnings of unconsolidated subsidiaries
and affiliates
Other
Total non-operating incomeNon-operating expenses

Total non-operating expenses
Ordinary income
Extraordinary income

Gain on bargain purchase
Other
Total extraordinary income
Extraordinary loss
Loss on disposal of property, plant, and equipment
Loss on step acquisitions
Other
Total extraordinary losses

Profit attributable to non-controlling interests

1,491

1,879

Profit attributable to owners of parent

26,575

57,117

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

3Q FY3/16(4/1/1512/31/15)
28,066(Millions of Yen)
3Q FY3/17(4/1/1612/31/16)
58,997403(32)(3,407)2,985
189(28,781)

700

3,052

(3,785)(1,463)(6,121)
21,944(24,018)
34,97921,493451

37,439(2,460)Remeasurements of defined benefit retirement plans
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)
3Q FY3/16 (4/1/15 – 12/31/15)
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

ConsolidatedTotal

431,515

52,48850,50854,631

589,143

37,418626,562-626,562

7,551

17,087

3,962

4,319

32,921

19,26952,190(52,190)-439,067
25,61969,575
5,483

54,4705,308

58,951
4,083

622,065
40,49456,688
3,001

678,753
43,496(52,190)(231)

626,562
43,264

3Q FY3/17 (4/1/16 – 12/31/16)
Reportable Segments
MineralConstruction
CementEnvironmental
OtherResources
Materials
Total
Business
Business
Business
Business
Net sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

410,242

43,78551,451

49,122554,601

37,605592,207-592,207

7,969

16,107

5,229

3,07932,384

15,64948,034(48,034)-

418,211
27,371

59,892
6,036

56,6805,494

52,201
3,420

586,986
42,32353,2552,041

640,241
44,364(48,034)(129)592,20744,234

Page 5 of 5