Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the Third Quarter of Fiscal 2007 ended March 31, 2007
February 13, 2007
Company:
Stock code:
URL:

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

Fiscal 2006 3Q: April 1, 2005- December 31,2005
Fiscal 2006:
April 1, 2005-March 31, 2006
Fiscal 2007 3Q: April 1, 2006-December 31, 2006
Fiscal 2007:
April 1, 2006-March 31, 2007

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.

1. Consolidated results for the third quarter of FY3/07 (April 1, 2006 – December 31, 2006)
All yen figures are rounded down to the nearest one million yen.
(1) Consolidated results of operations
Net Sales
Millions of Yen

Operating income%
5.2
4.6

3Q FY3/07
3Q FY3/06
FY3/06698,217663,659
906,657

3Q FY3/07
3Q FY3/06
FY3/06

Net income
Millions of Yen%
20,325 794.4
2,272 -84.5
9,101

Ordinary income

Millions of Yen%

Millions of Yen%

55,14445,34462,011

21.636.549,202
38,12149,79229.1
51.4

EPSYen
21.72
2.43
9.63

Diluted EPS
Yen
20.99
2.34
9.29

(2) Consolidated financial position
3Q FY3/07
3Q FY3/06
FY3/06

Total assets
Millions of Yen
1,286,598
1,291,724
1,278,245

Shareholders’ equity
Millions of Yen
320,034
259,403269,387

Equity ratio
%
21.9
20.1
21.1

Equity per shareYen
301.24276.98287.91(Reference:FY3/07 consolidated earnings forecast (April 1, 2006 – March 31, 2007))
There is no revision proposed in the consolidated project performance for the FY3/07, which was announced on
November 14, 2006.

Page 1 of 4

Consolidated Balance Sheets(Summary)Item

3H FY3/07(As of 12/31/06)(Unit: Millions of Yen)
FY3/06
Change(As of 3/31/06)

AssetsCurrent assets
Cash and time deposits
Notes and accounts receivable
Inventories
Other current assets

430,008
76,374
224,274
85,87643,483402,222
98,891
197,455
73,99531,88027,785-22,517
26,81911,881
11,602

Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Total assets

856,589582,962
45,887
227,739
1,286,598

876,022583,388
47,592245,041
1,278,245-19,432-426-1,705-17,301
8,353

543,467
130,460

593,929
119,987-50,462
10,473

330,856

390,496-59,639

82,14983,445-1,296

423,096

379,160

43,935316,388268,958

47,429106,708
966,563-

110,201
973,090
35,768-3,493-6,526--69,49959,515
105,973
4,691
28,1993,260-1,752
269,387--

1,278,245-

249,263
69,49959,603
121,992-1,831
32,56725,037
6
4,696
2,827
38,204320,034--

1,286,598--Liabilities
Current liabilities
Notes and accounts payable
Short-term borrowings and bonds(duewithin one year)
Other current liabilities
Fixed liabilities
Long-term borrowings ,Bonds andcomvertible bonds
Other 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’ equityNet Assets
Owners’ equity
Capital stock
Additional paid in capital
Retained earnings
Treasury stock
Valuation and translation Adjustments
Unrealized gain on other securities
Deferred losses on hedges
Revaluation excess
Foreign currency translation adjustments
Minority interests
Total net assets
Total liabilities and net assets

Page 2 of 4

Consolidated Statements of Income(Summary)Item
Net sales
Operatingincome/loss

Cost of sales
Selling, general and administrative
expenses
Operating income

3Q FY3/07(4/1/06–12/31/06)
698,217(Unit: Millions of Yen)
3Q FY3/06
Change(4/1/05–12/31/05)
663,659
34,557539,237

516,343

22,894

103,835

101,971

1,863

55,14445,344

9,799

Non-operating income

7,398

8,927

-1,528Non-operating expenses

13,34016,149-2,809Ordinary income

49,202

38,121

11,080Extraordinary gains (losses)-9,543-33,046

23,502

Net income before income taxes

39,6595,075

34,583

Income taxes

16,127

16,201-74

Income tax adjustments

569-14,581

15,150Minority interest income

2,636

1,182

1,453

Net income

20,325

2,272

18,053

Page 3 of 4Segment Information
Segment information(Unit: Millions of Yen)
MineralCementEnvironmental
Resources
Business
Business
Business
Net Sales
Operatingexpenses
Operatingincome/loss

3Q FY3/07 (4/1/06 – 12/31/06)
Construction Ceramics &Materials Electronics Other
Business
Business

Total

Eliminations
Consolidated
or corporate
total
assets437,61275,374

51,201

70,55650,162

79,771

764,679(66,461)698,217393,174

71,94648,98370,262

49,25075,374

708,992(65,918)

643,073

44,437

3,428

2,218

294

911

4,396

55,686(542)

55,144

Page 4 of 4