Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2019 ended March 31, 2019
August 9, 2018
Company:
Stock code:
URL:

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

Fiscal 2018 1Q:
Fiscal 2018:
Fiscal 2019 1Q:
Fiscal 2019:

April 1, 2017- June 30, 2017
April 1, 2017- March 31, 2018
April 1, 2018- June 30, 2018
April 1, 2018- March 31, 2019

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 2019 (April 1, 2018 through June 30, 2018)(1) Operating Results(% of change from previous first quarter)
Net Sales

Operating income

Profit attributable toOwners of parent

Ordinary income

Millions of Yen%

Millions of Yen%

Millions of Yen%

Millions of Yen%

211,336
199,613

5.9
13.8

9,755
8,848

10.3
68.7

9,987
8,752

14.1
60.5

6,132
4,630

32.4
(69.7)

1Q FY3/19
1Q FY3/18*Comprehensive income : Fiscal 2019 1Q (1,138)

EPSYen49.55
37.45

1Q FY3/19
1Q FY3/18

Fiscal 2018 1Q (962)

Diluted EPS
Yen––*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 the beginning of the previous fiscal year.

(2) Financial Position
Total assets
Millions of Yen
1,016,652
1,020,111

1Q FY3/19
FY3/18*Equity : Fiscal 2019 1Q

391,334

Total net assets
Millions of Yen
427,283
432,326

Equity ratio%
38.5
38.8

Fiscal 2018 395,268

2. Dividends
1Q
FY3/18
FY3/19FY3/19(forecast)

Dividend per share
3Q

2Q

4Q

Total

Yen

Yen

Yen

Yen

Yen

——

3.00

—

30.00

―50.00

—

30.00

80.00

*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.
The amount of dividend of the Second Quarter of Fiscal 2018 ended March 31, 2018 is presented as the amount of dividend prior to the share consolidation.
The annual dividend per share converted on the basis after the consolidation of shares would be 60.00 yen for the Fiscal Year ended March 31, 2018.
The dividend per share of the Second Quarter of Fiscal 2019 ended March 31, 2019 includes an ordinary dividend of 30.00 Yen and commemorative dividend of20.00 Yen.

3. Consolidated Results Forecast for the Fiscal 2019(April 1, 2018 through March 31, 2019)(% of change from the corresponding period of the previous year)
Operating incomeNet sales
1HFY3/19429,000%
1.7

FY3/19888,000

1.9

Millions of Yen

Millions of Yen

27,000%(1.6)

68,000

4.4

Ordinary income

Profit attributable toOwners of parent

26,000%(7.4)

Millions of Yen

66,000

2.5

Millions of Yen

EPS

16,000%(5.5)

129.2842,0009.0

339.35

Yen*This forecast is based on the information available at the date of publication of this material and assumptions at the samedate with 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
Electronically recorded monetary claimsoperating
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
Assets for retirement benefits
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

FY3/18(As of 3/31/18)(Millions of Yen)
1Q FY3/19(As of 6/30/18)

53,766
182,272
10,98958,891
174,656
12,11829,193
2,383
41,761
14,024(1,116)333,275

29,862
2,843
42,31913,275(736)
333,231

134,456
136,603
158,057
76,320505,438

131,923
128,856
156,416
87,069504,265

777
32,26133,038335
31,064
31,39986,834
21,29848,767(8,539)148,360
686,836
1,020,111

87,88921,27547,273(8,680)147,756
683,4211,016,652

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
Electronically recorded obligations-operating
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 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 assets
Total liabilities and net assets

FY3/18(As of 3/31/18)(Millions of Yen)
1Q FY3/19(As of 6/30/18)

91,113
4,670
153,181
15,035
6,416
6,021
121
83,986
360,546

88,073
5,993
154,581
13,00015,010
3,681
4,612
68
84,682369,704

20,000100,390
24,559
520
128
750
7,553
73,335
227,238
587,785

20,00095,01323,714
491
138
747
7,398
72,163
219,665
589,369

86,17460,339260,016(10,947)
395,582

86,17460,339262,432(11,050)
397,895

10,941

12,2041
5,057(16,201)
(111)

5,057
(23,977)
154

(313)

(6,561)37,058432,326

35,949427,283

1,020,111

1,016,652

Page 3 of 5

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

1Q FY3/18(4/1/176/30/17)
199,613(Millions of Yen)
1Q FY3/19(4/1/186/30/18)
211,336

Cost of sales

155,864

166,878

Gross profit

43,74944,458Selling, general and administrative expenses

34,90034,702

Operating income

8,848

9,755

ItemNet sales

Non-operating income
Interest income

11086Dividends income

386

520

869

484

526
1,893

791
1,882

1,212

1,078

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

776

571

1,988

1,650

8,752

9,987

273

30-

46

14
288

39
116

717

269

0

209

72

95

789

574

Income before income taxes and non-controlling interests

8,251

9,529

Income taxes-current

3,329

3,089

Profit

4,921

6,440

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of property, plant, and equipment
Gain on sales of investment securities
Other
Total extraordinary income
Extraordinary loss
Loss on disposal of property, plant, and equipment
Loss on liquidation of subsidiaries and associatesgeneral
Other
Total extraordinary losses

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

291

308

4,630

6,132

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 FY3/18(4/1/176/30/17)
4,921(Millions of Yen)
1Q FY3/19(4/1/186/30/18)
6,440

312(18)(6,151)1,398(1)(9,055)

221

261

(247)

(182)

(5,883)(962)(7,579)(1,138)

(136)
(825)

(115)
(1,023)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(losses)by reportable segments(All yen figures are rounded down to the nearest one million yen.)(Millions of Yen)
1Q FY3/18 (4/1/17 – 6/30/17)
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

138,714

14,712

17,191

16,710187,329

12,284

199,613-199,613

3,598

5,433

2,416

973

12,421

4,753

17,174(17,174)-

142,312
4,770

20,146
1,668

19,607
1,469

17,684
683

199,750
8,591

17,037
110

216,788
8,702(17,174)
145

199,6138,848

1Q FY3/19(4/1/18 – 6/30/18)
Reportable Segments
MineralConstruction
CementEnvironmental
Other
Resources
Materials
Total
Business
Business
Business
Business
Net sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

147,618

14,613

20,421

15,556198,210

13,126211,336-

211,336

2,185

5,937

1,952

1,015

11,091

5,276

16,368(16,368)-

149,804
5,612

20,551
1,830

22,374
1,679

16,572
42

209,301
9,164

18,402
501

227,704
9,666(16,368)89

211,336
9,755

Page 5 of 5