Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2015 ended March 31, 2015
August 8, 2014
Company:
Stock code:
URL:

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

Fiscal 2014 1Q:
Fiscal 2014:
Fiscal 2015 1Q:
Fiscal 2015:

April 1, 2013- June 30,2013
April 1, 2013- March 31, 2014
April 1, 2014- June 30, 2014
April 1, 2014- March 31, 2015

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 2015 (April 1, 2014 through June 30, 2014)(1) Operating Results
Net Sales
Millions of Yen
194,785
187,320

1Q FY3/15
1Q FY3/14

%
4.0
12.3

*comprehensive income : Fiscal 2015 1QEPS

5,946

Fiscal 2014 1Q

Ordinary income
Net income
Millions of Yen% Millions of Yen%
11,60267.1
8,721 326.9
6,944
2,042－－

11,338

Diluted EPS
Yen––Yen
7.10
1.661Q FY3/15
1Q FY3/14

Operating income
Millions of Yen%
11,38424.1
9,174－(2) Financial Position
1Q FY3/15
FY3/14

Total assets
Millions of Yen
1,010,502
1,015,564*Equity : Fiscal 2015 1Q

242,113

Total net assets
Millions of Yen
276,726
273,312Equity ratio
%
24.0
23.7

Fiscal 2014 240,256

2. Dividends
1Q
FY3/14
FY3/15
FY3/15(forecast)

Dividend per share
3Q
4Q

2Q

Total

Yen

Yen

Yen

Yen

Yen

——

2.00

—

3.00

5.00

2.00

—

3.00

5.00

3. Consolidated Results Forecast for the Fiscal 2015(April 1, 2014 through March 31, 2015)
Net sales
1HFY3/15

411,000%
3.2

FY3/15858,000

2.1

Millions of Yen

Operating income%
26,400-3.8

Millions of Yen

70,000-0.6

Ordinary income

Net income
Millions of Yen

25,000%-2.5

65,000-6.6

Millions of Yen

EPS

15,300%
50.4

12.46

35,000

-0.6

28.49

Yen

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 differmaterially 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
Goodwill
Other
Total intangible assets
C. Investments and other assets
Investment securities
Net defined benefit retirement asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets(Millions of Yen)
FY3/14
1Q FY3/15(As of 3/31/14)(As of 6/30/14)

59,369176,245
26,113
4,120
39,32334,700(1,568)338,304

59,185
166,993
28,471
3,574
42,04032,082(1,761)
330,584

142,417112,379
155,301
60,217
470,316

140,399
109,089
158,968
64,275472,733

10,89031,33842,2289,938
30,92040,85998,89012,13459,991(6,302)
164,714677,259
1,015,564

99,46913,08760,360(6,591)
166,325
679,918
1,010,502

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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
Current portion of bonds
Income taxes payable
Provision for bonuses
Other provision
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Net defined benefit retirement liability
Provision for directors’ retirement benefits
Provision for loss on business of subsidiaries
and affiliates
Provision for special repairs
Provision for asset removal
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
incomeMinority interests in consolidated subsidiaries
Total net assets
Total liabilities and net assets

FY3/14(As of 3/31/14)

1Q FY3/15(As of 6/30/14)

83,691
228,127610
18,0405,538
2,683
70,156
408,848

79,748242,616
10,460
4,360
4,202
2,193
73,157416,739

47,090159,291
25,359509

37,050154,320
24,877
508

138

138

357
574
7,230
92,853
333,404
742,252

371
572
7,207
91,989317,037
733,776

86,17450,690121,212(936)257,141

86,17450,690
125,954(943)
261,875

5,084

5,339

50
4,252
(16,799)(9,472)40
4,031(20,029)(9,143)(16,884)(19,762)

33,05534,612

273,312276,726

1,015,564

1,010,502

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

187,320

1Q FY3/15(4/1/146/30/14)
194,785

Cost of sales

148,103

151,638

Gross profit

39,217

43,147

Selling, general and administrative expenses

30,042

31,762

Operating income

9,174

11,384Item

1Q FY3/14(4/1/136/30/13)

Non-operating income
Interest income

84115

205

219

-

2,160

1,182

822

1,472

3,318

2,172

1,786

794

-

735

1,313

3,702

3,099

6,944

11,602

1,080

603

Gain on step acquisitions

-916

Other

45

572

1,125

2,092

294
30

474
335

325

809

Income before income taxes and minority interests

7,744

12,885

Income taxes-current

5,500

4,078

Net Income before minority interests

2,243

8,806

Dividends income
Equity in earnings of unconsolidated subsidiaries
and affiliates
Other
Total non-operating incomeNon-operating expenses
Interest expenses
Equity in losses of unconsolidated subsidiaries andaffiliates
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of property, plant, and equipment

Total extraordinary income
Extraordinary loss
Loss on disposal of property, plant, and equipment
Other
Total extraordinary losses

Minority interests in income
Net income

20184

2,042

8,721

Page 4 of 5

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

(Millions of Yen)
1Q FY3/141Q FY3/15(4/1/13(4/1/146/30/13)
6/30/14)
2,243
8,806

Income(loss) before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Adjustments for employee retirement benefit of overseas
subsidiary
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 :Shareholders of Taiheiyo Cement Corporation
Minority interests148
(18)
8,491

147
(11)
(2,310)

(236)

--369

709

(1,055)

9,094
11,338(2,859)
5,946

9,613
1,724

6,103
(157)

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)
1Q FY3/14 (4/1/13 – 6/30/13)
Reportable Segments
Construction
MineralEnvironmental
CementMaterials
Resources
Business
Business
Business
Business
Net sales
Sales to outside
customers
Inter-segment
sales
TotalSegment income

Total

Other

Inter-segment
sales
TotalSegment income

Adjustment

Consolidated
Total

118,026

17,63020,447

18,278174,383

12,936

187,320-

187,320

2,931

4,609

1,129

1,067

9,738

5,312

15,051(15,051)-

120,958
5,405

22,2401,207

21,577
1,771

19,346
325

184,122
8,710

18,249462

202,371
9,173(15,051)
0

187,3209,174

1Q FY3/15 (4/1/14 – 6/30/14)
Reportable Segments
MineralConstruction
CementEnvironmental
Other
Resources
Materials
Total
Business
Business
BusinessBusinessNet sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

127,895

17,966

16,355

18,132

180,349

14,436

194,785-

194,785

2,420

5,565

1,292

921

10,200

6,292

16,492(16,492)-

130,316
6,566

23,531
1,135

17,647
1,531

19,053
291

190,549
9,525

20,7281,733

211,278
11,258(16,492)
126

194,785
11,384

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