Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the Third Quarter of Fiscal 2018 ended March 31, 2018
February 8, 2018
Company:
Stock code:
URL:

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

Fiscal 2017 3Q:
Fiscal 2017:
Fiscal 2018 3Q:
Fiscal 2018:

April 1, 2016- December 31, 2016
April 1, 2016- March 31, 2017
April 1, 2017- December 31, 2017
April 1, 2017- March 31, 2018

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 2018(April 1, 2017 through December 31, 2018)(1) Operating Results
Net Sales
3Q FY3/18
3Q FY3/17

Millions of Yen
653,058592,207

Operating income%10.3(5.5)

Millions of Yen
48,683
44,234*Comprehensive income : Fiscal 2018 3Q 33,498(-4.2％)

Profit attributable toowners of parent% Millions of Yen%
12.7(43.0)
32,531
3.7
114.9
57,117

Ordinary income% Millions of Yen
49,63544,060

10.1
2.2

Fiscal 2017 3Q 34,979(59.4％)

EPS

Diluted EPS
YenYen3Q FY3/18
262.97–3Q FY3/17
460.13–
The Company has implemented the share consolidation of common stocks in a rate of one share for every ten shares effective
on October 1, 2017. Accordingly, EPS is calculated on the assumption that the share consolidation was implemented at thebeginning of the previous fiscal year.

(2) Financial Position
3Q FY3/18
FY3/17

Total assets
Millions of Yen
1,039,934
1,015,415*Equity : Fiscal 2018 3Q 387,536

Total net assets
Millions of Yen
424,596
400,034

Equity ratio%
37.3
35.6

Fiscal 2017 361,819

2. Dividends
1Q

Dividend per share
3Q
4Q

2Q
Yen

Yen

Yen

TotalYen

Yen

FY3/17
—
3.00
—
3.00
6.00
FY3/18—3.00
30.00
FY3/18(forecast)—―
The Company has implemented the share consolidation of common stocks in a rate of one share for every ten shares effective
on October 1, 2017. Therefore, the forecast amount of year-end dividends per share for FY2018 presented above reflects theimpact of the consolidation of share and the amount of dividends for the full year is not presented (indicated by “-”). The
forecast amount of year-end dividends per share for FY2018 without reflecting the impact of the consolidation of shares is￥3 and the amount of dividends per share for full year of FY2018 is ￥6.

3. Consolidated Results Forecast for the Fiscal 2018(April 1, 2017 through March 31, 2018)
Profit attributable toEPS
owners of parent
Millions of Yen
Millions of Yen
Millions of Yen
Millions of Yen
Yen%%%%
8.3
6.0
8.7(20.2)
307.11
865,000
67,00065,000
38,000FY3/18The Company has implemented the share consolidation of common stocks in a rate of one share for every ten shares effective
on October 1, 2017. The forecast of EPS for full year of FY2018 reflects the impact of consolidation of shares.
Net sales

Operating income

Ordinary income

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.

(Millions of 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, net
Land
Other, net
Total property, plant and equipment
B. Intangible assets
Goodwill
Other
Total intangible assets
C. Investments and other assets
Investment securities
Asset for retirement benefits
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

FY3/17(As of 3/31/17)

3Q FY3/18(As of 12/31/17)

60,516
171,946
31,835
1,708
42,422
25,591(1,125)332,895

62,155
196,555
28,751
3,295
42,01525,980(1,117)357,635

136,454
135,380
160,571
64,744
497,151

133,536
133,063
158,719
76,062
501,382

3,409
34,25037,6601,387
32,59433,982

84,781
17,35253,908(8,333)
147,708
682,520
1,015,415

91,16015,962
48,198(8,385)
146,934
682,298
1,039,934

Page 2 of 5

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

(Millions of Yen)
Item
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Commercial Paper
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 benefitsProvision for special repairs
Other provision
Asset retirement obligations
OtherTotal 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 assets
Total liabilities and net assets

FY3/17(As of 3/31/17)

3Q FY3/18(As of 12/31/17)

79,676
134,428―
11,120
5,914
5,742
410
71,618308,910

99,574
160,654
11,00016,045
10,8193,171
333
78,463380,061

35,035160,346
24,217
568
121
981
7,520
77,677
306,469
615,380

20,000109,726
23,525
484
117
836
7,537
73,048235,276615,337

86,17459,548228,914(10,911)363,725

86,17460,305254,021(10,932)
389,569

9,830

13,19048
5,065(12,862)(3,987)87
5,057(16,871)(3,495)(1,906)(2,032)

38,21537,059400,034

424,596

1,015,415

1,039,934

Page 3 of 5

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

(Millions of Yen)

Net sales

592,207

3Q FY3/18(4/1/1712/31/17)
653,058

Cost of sales

447,152

498,415Gross profit

145,054

154,642

Selling, general and administrative expenses

100,820

105,959

Operating income

44,234

48,683

Interest income

408

406

Dividends income

621

813

3,201

3,096

1,820

2,191

6,052

6,508

Interest expenses

3,789

3,529

Other2,436

2,026

6,226

5,555

44,06049,635426

1,176

Gain on sales of investment securities

3,971

92

Gain on bargain purchase

16,874―Item

3Q FY3/17(4/1/1612/31/16

Non-operating income

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

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of property, plant, and equipment

33

100

21,305

1,369

1,495
3,034

1,784

304

248

4,835

2,032

60,531

48,972

Income taxes-current1,533

14,598

ProfitProfit attributable to non-controlling interests

58,997
1,879

34,373
1,842

Profit attributable to owners of parent

57,11732,531

Other
Total extraordinary income
Extraordinary loss
Loss on disposal of property, plant, and equipment
Loss on step acquisitions
Other
Total extraordinary losses
Income before income taxes and non-controlling interests―

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
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(Millions of Yen)
3Q FY3/17
3Q FY3/18(4/1/16(4/1/1712/31/16)
12/31/17)
58,997
34,3732,985
189(28,781)
3,052

3,478
81(5,089)
607(1,463)46(24,018)
34,979(874)
33,49837,439(2,460)32,405
1,093Consolidated Segment Information
All yen figures are rounded down to the nearest one million yen.

(Millions of Yen)

CementBusiness
Net sales
Sales to outside
customers
Inter-segment
sales
Total
Segment
income(loss)

Inter-segment
sales
Total
Segment
income(loss)

Total

Adjustment Consolidated
Total

410,242

43,78551,451

49,122554,601

37,605592,207－592,207

7,969

16,107

5,229

3,079

32,384

15,64948,034(48,034)－

418,21159,892

56,68052,201586,986

53,255640,241(48,034)

592,207

27,371

6,036

5,494

3,420

42,3232,041

44,364(129)44,234

CementBusiness
Net sales
Sales to outside
customers

3Q FY3/17 (4/1/16 – 12/31/16)
Reportable Segments
MineralConstruction
Environmental
Other
Resources
Materials
Business
Total
Business
Business

3Q FY3/18 (4/1/17 – 12/31/17)
Reportable Segments
MineralConstruction
Environmental
Other
Resources
Materials
Business
Total
Business
Business

Total

Adjustment Consolidated
Total

454,226

43,93561,90854,059614,130

38,928653,058－

653,058

7,930

17,828

5,182

3,012

33,955

15,89849,853(49,853)－

462,157

61,76367,091

57,072648,08554,827

702,912(49,853)

653,058

31,248

6,104

5,579

3,469

46,401

2,199

48,601

81

48,683

Page 5 of 5