Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

March 14, 2016
Company Name:
Representative:

Contact:

TOSHIBA TEC CORPORATION
Takayuki Ikeda
President and CEO(Securities Code: 6588;
Stock Exchange: Tokyo First Section)
Takashi Mizuno
Senior Manager ofCorporate Communications Division
Tel: +81-3-6830-9151(Corrections / Corrections of Numerical Data) Notice Regarding Partial Corrections of “Summary of Consolidated
Financial Results for the Year Ended March 31, 2015 (Based on Japanese GAAP)”TOSHIBA TEC CORPORATION hereby announces that it has made corrections to the above-mentioned disclosure material
released on June 16, 2015. As numerical data has also been corrected, the corrected numerical data is also hereby
disseminated.
As corrections have been made in multiple locations, both the numerical data before corrections and the numerical data after
corrections appended to this notice. The locations of corrections are shown by the underlined parts in these documents.

1

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.
[After Corrections]

Summary of Consolidated Financial Results
for the Year Ended March 31, 2015
(Based on Japanese GAAP)
June 16, 2015
Company name:TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

6588
URL http://www.toshibatec.co.jp/
President and CEO
Takayuki Ikeda

Inquiries:

Senior Manager of Corporate
Communications Division

Takashi Mizuno

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

June 26, 2015
June 26, 2015

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

June 29, 2015
Yes

Holding of financial results meeting:

Yes

TEL

03-6830-9151(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2015 (from April 1, 2014 to March 31, 2015)(1) Consolidated financial results

Percentages indicate year-on-year changes
Net sales

Millions of yen%
Year ended March 31, 2015
524,577
5.1
Year ended March 31, 2014
498,89423.6
Note: Comprehensive income Year ended March 31, 2015:
Year ended March 31, 2014:

Operating income

Ordinary income

Millions of yen% Millions of yen
17,062 (31.2)
10,39124,80056.1
20,92017,726 million yen[26.0%]
14,069 million yen [(47.9)%]

Net income% Millions of yen(50.3)(1,149)
40.7
7,448

%
–
19.9

Diluted net income
Ordinary
Operating
Net income/equity
per share
income/total assets
income/net sales
Yen
Yen
%
%
%
Year ended March 31, 2015
(4.18)
–
(0.7)
2.6
3.3
Year ended March 31, 2014
27.14
27.09
4.8
5.4
5.0
Reference: Share of (profit) loss of entities accounted for using equity method: Year ended March 31, 2015: – million yen
Year ended March 31, 2014: – million yen
Net income per share(2) Consolidated financial position
Total assets
As of March 31, 2015
As of March 31, 2014
Reference: Equity

Net assets

Equity ratio

Millions of yen
Millions of yen
416,769
203,108
393,136
186,033
As of March 31, 2015: 171,163 million yen
As of March 31, 2014: 158,877 million yen

Net assets per share
%
41.1
40.4

Yen
623.35578.90(3) Consolidated cash flows

Year ended March 31, 2015
Year ended March 31, 2014

Cash flows fromoperating activities
Millions of yen
22,952
20,783

Cash flows frominvesting activities
Millions of yen(14,772)(42,554)

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(5,040)54,964(8,140)47,304

2. Cash dividends
Ratio of
Dividend
Total cash
topayout ratio dividends
dividends (Total) (Consolidated)
net assets(Consolidated)

Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

Year ended March 31, 2014
Year ended March 31, 2015

–
–

4.00
6.00

–
–

4.00
7.00

8.00
13.00

2,195
3,569

29.5
–

1.4
2.2

Year ending March 31, 2016 (Forecast)

–

4.00

–

4.00

8.00

2

31.4

3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Net sales
Millions of yen
Six months ending
September 30, 2015
Full year

Percentages indicate year-on-year changes
Profit attributable to
Net income
Operating income
Ordinary income
owners of parent
per share% Millions of yen% Millions of yen% Millions of yen%
Yen

270,000

5.3

9,000

(18.3)

7,500(16.2)

1,500(66.8)

5.46

560,000

6.8

25,00046.5

22,000

111.7

7,000

–

25.49

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2015(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements after error corrections:No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2015

288,145,704 shares As of March 31, 2014

288,145,704 shares

Number of treasury shares at the end of the period
As of March 31, 2015

13,561,637 shares As of March 31, 2014

13,699,523 shares

274,563,138 shares Year ended March 31, 2014

274,429,677 shares

Average number of shares during the period
Year ended March 31, 20153

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2014

As of March 31, 2015

AssetsCurrent assets
Cash and deposits
Group deposits paid

18,46928,835

21,81033,154

Notes and accounts receivable - trade
Merchandise and finished goods

88,40433,05681,01636,303Work in process
Raw materials and supplies

2,335
6,740

2,444
6,967

Deferred tax assets
Other

7,128
38,006

8,398
50,894

Allowance for doubtful accounts(1,315)(1,405)

Total current assets

221,660

239,584

30,393

31,108

Accumulated depreciation(22,371)(22,936)

Buildings and structures, net

8,021

8,171

Non-current assets
Property, plant and equipment
Buildings and structures

Machinery, equipment and vehicles

40,49945,750

Accumulated depreciation(31,507)(36,843)

Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net

8,992

8,907

51,57849,311(46,107)(44,596)

5,470

4,714

Land

2,581

2,540

Leased assets
Accumulated depreciation

11,676(4,921)

11,342(4,862)

6,755

6,479

Leased assets, net
Construction in progress

1,495

2,746

Total property, plant and equipment

33,31533,560Goodwill
Customer Relationship Assets

39,60032,45636,91133,906

Other

26,60736,232

Total intangible assets

98,664

107,049

Investment securities
Net defined benefit asset

4,385
–

5,044
3,351

Deferred tax assets
Other

20,72814,38814,421
13,715

(153)

(62)

Intangible assets

Investments and other assets

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Deferred organization expenses
Total deferred assets
Total assets

439,34836,470171,329

177,081

147

103

147

103

393,136

416,769(Millions of yen)
As of March 31, 2014

As of March 31, 2015

Liabilities
Current liabilities
Notes and accounts payable - trade

75,67390,080

Short-term loans payable
Lease obligations

1,053
3,427

2,028
3,358

Accounts payable - other
Income taxes payable

17,3293,832

15,501
3,598

Provision for directors' bonuses
Other

51
53,409–50,148

Total current liabilities

154,777

164,715

Non-current liabilities
Lease obligations

4,260

4,024

Provision for directors' retirement benefits
Net defined benefit liability

149
40,590140
37,887

Other

7,326

6,893

Total non-current liabilities

52,32648,946207,103

213,661

Capital stock
Capital surplus

39,97052,97039,97052,965Retained earnings
Treasury shares

65,737(5,585)64,364(5,542)

Total shareholders' equity

153,093

151,759

987

1,513

Deferred gains or losses on hedges
Foreign currency translation adjustment

(4)
6,626

3
18,014

Minimum Pension Liability Adjustment
Remeasurements of defined benefit plans(55)(1,770)(568)
440

Total accumulated other comprehensive income

5,783

19,404

Subscription rights to shares
Minority interests

130
27,025116
31,828

Total net assets

186,033

203,108

393,136

416,769

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Total liabilities and net assets

5Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2014

Fiscal year ended
March 31, 2015

Net sales

498,894

524,577

Cost of sales

283,053

301,355

Gross profit

215,841

223,221

Selling, general and administrative expenses

191,040

206,159

Operating income

24,80017,062

341

391

Dividend income
Gain on sales of investment securities

42
4

115
45

Gain on valuation of derivatives
Reversal of allowance for doubtful accounts

141
294

1,993
–

Other

666

537

1,490

3,082

Interest expenses
Loss on sales and retirement of non-current assets

646
296

587
50

Foreign exchange losses
Settlement package

396
–

5,867
1,104

4,031

2,143

Non-operating income
Interest income

Total non-operating income
Non-operating expenses

Other

5,370

9,753

Ordinary income

Total non-operating expenses

20,920

10,391

Extraordinary losses
Restructuring cost

5,696

686

5,696

686

Income before income taxes and minority interests

Total extraordinary losses

15,224

9,705

Income taxes - current
Income taxes - deferred

6,220
1,747

7,037
2,998

Total income taxes

7,967

10,036

Income (loss) before minority interests

7,256

(331)

Minority interests in income (loss)

(191)

818

Net income (loss)

7,448(1,149)6

Consolidated statements of comprehensive income(Millions of yen)

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
Minimum Pension Liability Adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2014

March 31, 2015
7,256

(331)

224
(4)

527
8

6,562
30

15,901
(593)

–

2,213

6,812

18,057

Comprehensive income

14,06917,726Comprehensive income attributable toComprehensive income attributable to owners of parent

12,09912,471

Comprehensive income attributable to minority interests

1,969

5,255

7

Consolidated statements of changes in equity
Fiscal year ended March 31, 2014
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

39,970Retained earnings

52,984

Total shareholders'equityTreasury shares

60,483(5,624)

147,814

Cumulative effects of changes
in accounting policies–

Restated balance

39,97052,98460,483(5,624)

147,814

Changes of items during period
Dividends of surplus(2,195)Net loss

7,448(2,195)
7,448

Purchase of treasury shares
Disposal of treasury shares

(38)

(38)

77

63

(13)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period

–

(13)

5,253

38

5,278

39,97052,97065,737(5,585)

153,093

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifferenceonavailable-fo
r-salesecurities

Deferred
gains orlosses onhedges763–

Foreign
Minimum
currency
Pensiontranslation
Liability
adjustment Adjustment

2,213

(73)

Total
Remeasurements

accumulatedof definedotherbenefit planscomprehensive

Subscription
rights tosharesMinority
interests

Total net
assets25,695

176,558

income

–

2,903

145

Cumulative effects of changes
in accounting policies
Restated balance

–
763

–

2,213

(73)

–

2,903

145

25,695

176,558

Changes of items during period
Dividends of surplus(2,195)Net loss

7,448

Purchase of treasury shares(38)

Disposal of treasury shares

63

Net changes of items otherthan shareholders' equity

224

(4)

4,412

18

(1,770)

2,880

(14)

1,330

4,195

Total changes of items during
period

224

(4)

4,412

18

(1,770)

2,880

(14)

1,330

9,474

Balance at end of current period

987

(4)

6,626

(55)

(1,770)

5,783

130

27,025

186,033

8

Fiscal year ended March 31, 2015
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

39,970Retained earnings

52,970(5,585)65,737

Cumulative effects of changes
in accounting policies

Total shareholders'equityTreasury shares

153,093
2,522

2,522

Restated balance

39,97052,97068,259(5,585)

155,616

Changes of items during period
Dividends of surplus(2,745)(2,745)Net loss(1,149)(1,149)Purchase of treasury shares
Disposal of treasury shares

(28)

(28)

71

66

(5)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period–(5)(3,894)43(3,856)39,97052,96564,364(5,542)

151,759

Accumulated other comprehensive income
Valuationdifferenceonavailable-fo
r-salesecurities
Balance at beginning of current
period987

Deferred
gains orlosses onhedges(4)

Foreign
Minimum
currency
Pensiontranslation
Liability
adjustment Adjustment

(55)

6,626

Total
Remeasurements

accumulatedof definedotherbenefit planscomprehensive

Subscription
rights toshares

987

(4)

6,626

(55)

Total net
assets27,025

186,033

43

2,566

27,069188,599

income(1,770)

5,783

130

Cumulative effects of changes
in accounting policies
Restated balance

Minority
interests(1,770)

5,783

130

Changes of items during period
Dividends of surplus(2,745)Net loss(1,149)Purchase of treasury shares(28)

Disposal of treasury shares66

Net changes of items otherthan shareholders' equity526

8

11,388

(513)

2,211

13,620

(13)

4,758

18,365

Total changes of items during
period526

8

11,388

(513)

2,211

13,620

(13)

4,758

14,508

Balance at end of current period

1,513

3

18,014(568)

440

19,404116

31,828203,1089

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Income before income taxes and minority interests

Fiscal year ended

Fiscal year ended

March 31, 2014

March 31, 2015
15,224

9,705

Depreciation
Increase (decrease) in allowance for doubtful accounts

21,084(89)

20,386(57)

Increase (decrease) in provision for retirement benefits
Increase (decrease) in net defined benefit liability(39,823)
37,843–3,314Interest and dividend income
Interest expenses

(384)
646

(506)
587

Loss (gain) on sales and retirement of property, plant andequipment

296

50

Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities

(4)
101

(45)
–

Restructuring cost
Decrease (increase) in notes and accounts receivable - trade

5,696
3,643

686
13,193

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade(1,491)(4,025)(1,240)6,296

Other, net(11,702)(22,248)

Subtotal

27,01430,121

Interest and dividend income received

405

501

Interest expenses paid
Income taxes paid

(621)
(6,014)(645)(7,025)

Net cash provided by (used in) operating activities

20,783

22,952(7,402)(6,803)243(7,458)225(14,046)

–
(13)

1,923
(13)

143
(6,101)

107
3,448

(18)
15

(12)
16

Payments for transfer of business
Other, net(21,764)
(197)

–
381

Net cash provided by (used in) investing activities(42,554)(14,772)

Cash flows from financing activities
Net increase (decrease) in short-term loans payable(2,662)

1,109

Repayments of finance lease obligations
Purchase of treasury shares(2,801)(38)(2,945)(28)

Cash dividends paid
Cash dividends paid to minority shareholders(2,197)(518)(2,746)
(495)

77

66

Net cash provided by (used in) financing activities(8,140)(5,040)Effect of exchange rate change on cash and cash equivalents

5,184

4,521

Net increase (decrease) in cash and cash equivalents(24,727)

7,660

Cash and cash equivalents at beginning of period

72,03147,304

Cash and cash equivalents at end of period

47,30454,964

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Proceeds from sales of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Net decrease (increase) in short-term loans receivable
Payments of long-term loans receivableCollection of long-term loans receivable

Other, net

10Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.
[Before Corrections]

Summary of Consolidated Financial Results
for the Year Ended March 31, 2015
(Based on Japanese GAAP)
June 16, 2015
Company name:TOSHIBA TEC CORPORATION

Stock exchange listing: Tokyo
Stock code:
6588
Representative:
Inquiries:

URL

http://www.toshibatec.co.jp/

President and CEO
Senior Manager of Corporate

Takayuki Ikeda
Takashi Mizuno

Communications Division
Scheduled date of ordinary general meeting of shareholders:TEL

03-6830-9151

June 26, 2015

Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Holding of financial results meeting:June 26, 2015
June 29, 2015
Yes
Yes

(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2015 (from April 1, 2014 to March 31, 2015)(1) Consolidated financial results

Percentages indicate year-on-year changes
Net sales

Millions of yen%
Year ended March 31, 2015
525,274
5.3
Year ended March 31, 2014
498,870
23.6
Note: Comprehensive income Year ended March 31, 2015:
Year ended March 31, 2014:

Operating income

Ordinary income

Millions of yen% Millions of yen
18,697 (19.0)
11,95923,08645.3
20,06018,889 million yen[36.1%]
13,874 million yen [(48.6)%]

Net income% Millions of yen(40.4)
(334)
34.9
7,133

%
–
14.8

Diluted net income
Ordinary
Operating
Net income/equity
per share
income/total assets
income/net sales
Yen
Yen
%
%
%
Year ended March 31, 2015
(1.21)
–
(0.2)
2.9
3.6
Year ended March 31, 2014
25.99
25.94
4.6
5.1
4.6
Reference: Share of (profit) loss of entities accounted for using equity method: Year ended March 31, 2015: – million yen
Year ended March 31, 2014: – million yen(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Net assets per share
Net income per share

As of March 31, 2015
As of March 31, 2014
Reference: Equity

Millions of yen
Millions of yen
417,440
204,723
393,964
185,429
As of March 31, 2015: 172,777 million yen
As of March 31, 2014: 158,220 million yen

%
41.4
40.2

Yen
629.23576.50(3) Consolidated cash flows

Year ended March 31, 2015
Year ended March 31, 2014

Cash flows fromoperating activities
Millions of yen
23,041
20,886

Cash flows frominvesting activities
Millions of yen(14,966)(42,554)

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(5,040)54,964(8,140)47,4092. Cash dividends
Ratio of
Dividend
Total cash
topayout ratio dividends
dividends (Total) (Consolidated)
net assets(Consolidated)

Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

Year ended March 31, 2014
Year ended March 31, 2015

–
–

4.00
6.00

–
–

4.00
7.00

8.00
13.00

2,195
3,569

30.8
–

1.4
2.2

Year ending March 31, 2016 (Forecast)

–

4.00

–

4.00

8.00

11

31.4

3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Net sales
Millions of yen
Six months ending
September 30, 2015
Full year

Percentages indicate year-on-year changes
Profit attributable to
Net income
Operating income
Ordinary income
owners of parent
per share% Millions of yen% Millions of yen% Millions of yen%
Yen

270,000

5.3

9,000

(26.3)

7,500(24.7)

1,500(70.9)

5.46

560,000

6.6

25,00033.7

22,000

84.0

7,000

–

25.49

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2015(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements after error corrections:No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2015

288,145,704 shares As of March 31, 2014

288,145,704 shares

Number of treasury shares at the end of the period
As of March 31, 2015

13,561,637 shares As of March 31, 2014

13,699,523 shares

274,563,138 shares Year ended March 31, 2014

274,429,677 shares

Average number of shares during the period
Year ended March 31, 201512

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2014

As of March 31, 2015

AssetsCurrent assets
Cash and deposits
Group deposits paid

18,573
28,835

21,81033,154

Notes and accounts receivable - trade
Merchandise and finished goods

88,52732,97081,62236,295Work in process
Raw materials and supplies

2,324
6,740

2,445
6,967

Deferred tax assets
Other

7,552
38,007

8,051
51,565

Allowance for doubtful accounts(1,317)(1,405)

Total current assets

222,215

240,506

30,393

31,108

Accumulated depreciation(22,371)(22,936)

Buildings and structures, net

8,021

8,171

Non-current assets
Property, plant and equipment
Buildings and structures

Machinery, equipment and vehicles

40,49945,750

Accumulated depreciation(31,507)(36,843)

Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net

8,992

8,907

51,57849,311(46,107)(44,596)

5,470

4,714

Land

2,581

2,540

Leased assets
Accumulated depreciation

11,676(4,921)

11,342(4,862)

6,755

6,479

Leased assets, net
Construction in progress

1,495

2,746

Total property, plant and equipment

33,31533,560Goodwill
Customer Relationship Assets

39,60032,45636,91133,906

Other

26,60736,426

Total intangible assets

98,664

107,243

Investment securities
Deferred tax assets

4,385
21,0005,044
13,977

Other
Allowance for doubtful accounts

14,388(153)

17,067(62)

Total investments and other assets

39,621

36,026

171,601

176,830

Deferred organization expenses

147

103

Total deferred assets

147

103

393,964

417,440

Intangible assets

Investments and other assets

Total non-current assets
Deferred assets

Total assets

13

(Millions of yen)
As of March 31, 2014

As of March 31, 2015

Liabilities
Current liabilities
Notes and accounts payable - trade

75,67389,919

Short-term loans payable
Lease obligations

1,053
3,427

2,028
3,358

Accounts payable - other
Income taxes payable

17,525
3,769

15,501
4,418

Provision for directors' bonuses
Other

51
53,939–49,880Total current liabilities

155,440

165,105

Non-current liabilities
Lease obligations

4,260

4,024

Provision for directors' retirement benefits
Net defined benefit liability

149
41,358140
36,552

Other

7,326

6,893

Total non-current liabilities

53,09447,610208,535

212,716

Capital stock
Capital surplus

39,97052,97039,97052,965Retained earnings
Treasury shares

65,422(5,585)65,921(5,542)

Total shareholders' equity

152,778

153,316

987

1,513

Deferred gains or losses on hedges
Foreign currency translation adjustment

(4)
6,693

3
18,157

Minimum Pension Liability Adjustment
Remeasurements of defined benefit plans(55)(2,179)(568)
354

Total accumulated other comprehensive income

5,442

19,461

Subscription rights to shares
Minority interests

130
27,078116
31,830Total net assets

185,429

204,723

393,964

417,440

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Total liabilities and net assets

14Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2014

Fiscal year ended
March 31, 2015

Net sales

498,870

525,274

Cost of sales

283,747

301,040

Gross profit

215,123

224,233

Selling, general and administrative expenses

192,037

205,535

Operating income

23,086

18,697341

391

Dividend income
Gain on sales of investment securities

42
4

115
45

Gain on valuation of derivatives
Reversal of allowance for doubtful accounts

142
294

2,023
–

Other

601

537

1,426

3,113

Interest expenses
Loss on sales and retirement of non-current assets

646
663

587
50

Foreign exchange losses
Settlement package

25
–

5,861
1,104

3,116

2,246

Non-operating income
Interest income

Total non-operating income
Non-operating expenses

Other

4,452

9,851

Ordinary income

Total non-operating expenses

20,06011,959Extraordinary losses
Restructuring cost

5,696

686

5,696

686

Income before income taxes and minority interests

Total extraordinary losses

14,364

11,273

Income taxes - current
Income taxes - deferred

6,148
1,258

7,115
3,723

Total income taxes

7,407

10,839

Income before minority interests

6,956

433

Minority interests in income (loss)

(176)

767

Net income (loss)

7,133

(334)

15

Consolidated statements of comprehensive income(Millions of yen)

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Minimum Pension Liability Adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2014

March 31, 2015
6,956

433

224
(4)

527
8

6,666
30

15,976
(593)

–

2,536

6,917

18,455Comprehensive income

13,874

18,889Comprehensive income attributable toComprehensive income attributable to owners of parent

11,851

13,684Comprehensive income attributable to minority interests

2,022

5,204

16

Consolidated statements of changes in net assets
Fiscal year ended March 31, 2014
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

39,970Retained earnings

52,984

Total shareholders'equityTreasury shares

60,483(5,624)

147,814

Cumulative effects of changes
in accounting policies–

Restated balance

39,97052,98460,483(5,624)

147,814

Changes of items during period
Dividends of surplus(2,195)Net loss

7,133(2,195)
7,133

Purchase of treasury shares
Disposal of treasury shares

(38)

(38)

77

63

(13)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period

–

(13)

4,938

38

4,964

39,97052,97065,422(5,585)

152,778

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifferenceonavailable-fo
r-salesecurities

Deferred
gains orlosses onhedges763–

Foreign
Minimum
currency
Pensiontranslation
Liability
adjustment Adjustment

2,213

(73)

Total
Remeasurements

accumulatedof definedotherbenefit planscomprehensive

Subscription
rights tosharesMinority
interests

Total net
assets25,695

176,558

income

–

2,903

145

Cumulative effects of changes
in accounting policies
Restated balance

–
763

–

2,213

(73)

–

2,903

145

25,695

176,558

Changes of items during period
Dividends of surplus(2,195)Net loss

7,133

Purchase of treasury shares(38)

Disposal of treasury shares

63

Net changes of items otherthan shareholders' equity

224

(4)

4,479

18

(2,179)

2,538

(14)

1,383

3,907

Total changes of items during
period

224

(4)

4,479

18

(2,179)

2,538

(14)

1,383

8,871

Balance at end of current period

987

(4)

6,693

(55)

(2,179)

5,442

130

27,078

185,429

17

Fiscal year ended March 31, 2015
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

39,970Retained earnings

52,970(5,585)65,422

Cumulative effects of changes
in accounting policies

Total shareholders'equityTreasury shares

152,778
3,579

3,579

Restated balance

39,97052,97069,001(5,585)

156,357

Changes of items during period
Dividends of surplus(2,745)(2,745)

(334)

(334)

Net loss
Purchase of treasury shares
Disposal of treasury shares

(28)

(28)

71

66

(5)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period–(5)(3,079)43(3,041)

39,97052,96565,921(5,542)

153,316

Accumulated other comprehensive income
Valuationdifferenceonavailable-fo
r-salesecurities
Balance at beginning of current
period987

Deferred
gains orlosses onhedges(4)

Foreign
Minimum
currency
Pensiontranslation
Liability
adjustment Adjustment

(55)

6,693

Total
Remeasurements

accumulatedof definedotherbenefit planscomprehensive

Subscription
rights toshares

987

(4)

6,693

(55)

Total net
assets27,078

185,429

43

3,622

27,122

189,052

income(2,179)

5,442

130

Cumulative effects of changes
in accounting policies
Restated balance

Minority
interests(2,179)

5,442

130

Changes of items during period
Dividends of surplus(2,745)Net loss(334)

Purchase of treasury shares(28)

Disposal of treasury shares66

Net changes of items otherthan shareholders' equity526

8

11,464

(513)

2,533

14,018

(13)

4,707

18,712

Total changes of items during
period526

8

11,464

(513)

2,533

14,018

(13)

4,707

15,671

Balance at end of current period

1,513

3

18,157(568)

354

19,461

116

31,830204,72318

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Income before income taxes and minority interests

Fiscal year ended

Fiscal year ended

March 31, 2014

March 31, 2015
14,364

11,273

Depreciation
Increase (decrease) in allowance for doubtful accounts

21,216(88)

20,393(59)

Increase (decrease) in provision for retirement benefits
Increase (decrease) in net defined benefit liability(39,823)
37,974–
1,712

Interest and dividend income
Interest expenses

(384)
646

(506)
587

Loss (gain) on sales and retirement of property, plant andequipment

663

50

Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities

(4)
101

(45)
–

Restructuring cost
Decrease (increase) in notes and accounts receivable - trade

5,696
3,621

686
12,622

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade(1,492)(4,025)(1,223)
6,135

Other, net(11,343)(22,212)Subtotal

27,121

29,414

Interest and dividend income received

405

501

Interest expenses paid
Income taxes paid

(621)
(6,018)(645)(6,228)Net cash provided by (used in) operating activities

20,88623,041(7,402)(6,803)243(7,458)225(14,240)

–
(13)

1,923
(13)

143
(6,101)

107
3,448

(18)
15

(12)
16

Payments for transfer of business
Other, net(21,764)
(197)

–
381

Net cash provided by (used in) investing activities(42,554)(14,966)

Cash flows from financing activities
Net increase (decrease) in short-term loans payable(2,662)

1,109

Repayments of finance lease obligations
Purchase of treasury shares(2,801)(38)(2,945)(28)

Cash dividends paid
Cash dividends paid to minority shareholders(2,197)(518)(2,746)
(495)

77

66

Net cash provided by (used in) financing activities(8,140)(5,040)Effect of exchange rate change on cash and cash equivalents

5,186

4,521

Net increase (decrease) in cash and cash equivalents(24,622)

7,555

Cash and cash equivalents at beginning of period

72,03147,409Cash and cash equivalents at end of period

47,40954,964

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Proceeds from sales of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Net decrease (increase) in short-term loans receivable
Payments of long-term loans receivableCollection of long-term loans receivable

Other, net

19