Consolidated Financial Results for the Nine Months Ended December 31, 2015
Mitsubishi Materials Corporation
Tokyo, Japan

February 9, 2016
Stock code:
Shares listed:
URL:
Representative:
For further information please contact:

5711
Tokyo Stock Exchange
http://www.mmc.co.jp/
Mr. Akira Takeuchi, President
Mr. Naoya Sasaki, Manager, Corporate Communications & IR Dept.
Tel: +81-3-5252-5206
Filing date of Quarterly Report:
February 10, 2016
Scheduled date of start of dividend payment:－
Supplementary materials for the quarterly financial results: Yes
Investor conference for the quarterly financial results:
Yes (For Corporate Investors)

1. Results of the nine months ended December 31, 2015 (From April 1, 2015 to December 31, 2015)(1) Results of operations (cumulative):(Millions of yen)
(Percentage changes relative to previous corresponding period)
Net income
Operating profit
Ordinary income
attributable to ownersof the parent¥52,220-0.8(%)¥55,471-16.1(%)¥56,55340.5(%)Net sales
Nine Months ended Dec.31, 2015

¥1,055,860

Nine Months ended Dec.31, 2014

¥1,131,948
7.8(%) ¥52,665
Nine Months ended Dec. 31, 2015:
Nine Months ended Dec. 31, 2014:(Note) Comprehensive income

Nine Months ended Dec.31, 2015
Nine Months ended Dec.31, 2014

-6.7(%)

3.2(%)¥66,09113.1(%)
48,682 million yen (-33.4%)
73,135 million yen (8.0%)(Yen)

Net income per share

Diluted net income per share¥43.17¥30.73－－¥40,264-0.9(%)(2) Financial position:(Millions of yen)

As of December 31, 2015
As of March 31, 2015

(Reference) Shareholders’ equity

Total assets

Net assets

Shareholders’ equity ratio¥1,819,734¥673,421

32.1(%)¥1,898,157
As of Dec. 31, 2015:
As of Mar. 31, 2015:¥629,514
584,419 million yen
550,762 million yen

29.0(%)

2. Dividend payments(Yen)
Dividends per Share
Second quarter
Third quarter
¥3.00
－
¥5.00
－

(Record date)
First quarter
Year ended March 31, 2015－
Year ending March 31, 2016－
Year ending March 31, 2016
(Forecast)(Note) Revisions to dividend forecast in the current period: None

Year-end¥5.00

Annual
¥8.00

¥5.00

¥10.003. Forecast (From April 1, 2015 to March 31, 2016)

Net sales

Operating profit

Year ending¥1,410,000 -7.1(%)¥72,000
March 31, 2016
(Note) Revisions to forecast in the current period: Yes(Millions of yen)
(Percentage changes relative to previous corresponding period)
Net income attributable
Net income
Ordinary income
to owners of the parent
per share

0.2(%) ¥73,000 -10.0(%)¥54,000-3.8(%)¥41.22 (yen)* Notes(1) Significant changes of subsidiaries during the period (including changes in scope of consolidation): None
(2) Application of specific accounting treatment: Yes(Note) For details, please refer to “(1) Application of Specific Accounting Treatment” under “2. Summary Information (Notes)”on page 6.

(3) Changes in accounting policies; changes in accounting estimates; restatements(i) Changes in accounting policies due to amendment of accounting standards:
Yes(ii) Other changes in accounting policies:None(iii) Changes in accounting estimates:None(iv) Restatements:
None(Note) For details, please refer to “(2) Changes in Accounting Policies; Changes in Accounting Estimates; Restatements” under“2. Summary Information (Notes)” on page 6.
(4) Number of issued shares (common stock)(i) Number of issued shares at end of year (including treasury stock)
Nine months ended December 31, 2015:
1,314,895,351 sharesYear ended March 31, 2015:
1,314,895,351 shares(ii) Number of treasury stock at end of year
Nine months ended December 31, 2015:
4,855,059 sharesYear ended March 31, 2015:
4,677,305 shares(iii) Average number of shares during the period (quarterly cumulative period)
Nine months ended December 31, 2015:
1,310,127,151 shares
Nine months ended December 31, 2014:
1,310,371,526 shares* Indication regarding the situation of quarterly review procedures
These financial results are not subject to the quarterly review procedures pursuant to the Financial Instruments andExchange Act. As of the disclosure of these financial results, the procedures for reviewing quarterly financial statements
pursuant to the Financial Instruments and Exchange Act are in progress.
* Appropriate use of business forecasts and other special items(Notes regarding descriptions of earnings forecasts and other forward-looking statements, etc.)
Earnings forecasts and other forward-looking statements in this document are based on information currently available
to the Company’s management and certain assumptions judged rational, and we do not promise that the forecasts in thisreport will be achieved. Accordingly, there might be cases in which actual results materially differ from forecasts of thisreport. For key assumptions on which the consolidated financial forecasts are based, please refer to (3) Explanation of
Forecast and Other Future Predictions under “1. Qualitative Information Regarding the Consolidated Performance” onpage 5.
(Method of obtaining supplementary information to and contents of the first three quarters financial results briefing)
Mitsubishi Materials Corporation is scheduled to hold a first three quarters financial results briefing for institutional
investors on February 9, 2016 (Tuesday). Supplementary information to the quarterly financial results to be used in thisbriefing is being released on TDnet and on the Company’s website with the announcement of the consolidated financial
results for the nine months ended December 31, 2015.

Contents

1. Qualitative Information Regarding the Consolidated Performance .................................................................. P2(1) Explanation of Business Performance .................................................................................................... P2(2) Explanation of Financial Position ........................................................................................................... P5(3) Explanation of Forecast and Other Future Predictions ........................................................................... P5
2. Summary Information (Notes) .......................................................................................................................... .P6(1) Application of Specific Accounting Treatment....................................................................................... P6(2) Changes in Accounting Policies; Changes in Accounting Estimates; Restatements ................................. P6(3) Additional Information ................................................................................................................................. P7(4) Contingent Liabilities ................................................................................................................................... P7
3. Consolidated Financial Statements ................................................................................................................... P8(1) Consolidated Balance Sheets ....................................................................................................................... P8(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income ..................................................................................................... P10
Consolidated Statement of Comprehensive Income ........................................................................... P11(3) Notes on Consolidated Financial Statements.............................................................................................. P12
Notes on Assumptions for Going Concern ................................................................................................. P12
Segment Information ................................................................................................................................... P12
Notes in Event of Significant Changes in Shareholders’ Equity ............................................................... P12

11. Qualitative Information Regarding the Consolidated Performance(1) Explanation of Business Performance1) Overview of period under review
During the consolidated cumulative third quarter under review, the overall global economy headed toward modest
recovery thanks to signs showing that the U.S. and some other economies continued to recover, while there was a
slowdown in the economies of China and other countries in Asia.
The Japanese economy also continued to improve gradually, thanks to increased corporate earnings and improved
employment and income conditions.
Regarding the operating environment for the Mitsubishi Materials Group, although foreign exchange markets weregenerally characterized by yen depreciation, the Group was affected by such factors as a fall in copper prices.
Under these circumstances, consolidated net sales for the period totaled ¥1,055,860 million, down 6.7% from the previous
corresponding period. Operating profit decreased 0.8% to ¥52,220 million, and ordinary income decreased 16.1%, to¥55,471 million. Net income attributable to owners of the parent increased 40.5%, to ¥56,553 million.
2) Overview of Segment(Cement)(Billions of yen)
FY 2015 Q1-Q3
Net sales

FY 2016 Q1-Q3

Increase/decrease (%)¥142.1¥147.2¥5.0(3.5%)

Operating profit

12.9

16.0

3.0

(23.8%)

Ordinary income

¥12.6

¥15.7

¥3.1

(25.0%)In Japan, the Cement segment was affected by a decline in overall demand due to construction delays stemming fromlabor shortages in the construction industry, bad weather and other factors, resulting in decreased sales volumes. In the
United States, with cement demand continuing on a recovery trend in Southern California, sales volumes increased. In
China, sales volumes decreased substantially due to falling demand for real estate investment in Shandong. In the overall
Cement business, cement production amounted to 8.8 million tons, down 0.4 million tons year on year.
As a result, the entire Cement business posted year-on-year increases in net sales and operating profit. Ordinary income
rose from the previous corresponding period due to an increase in operating profit.

2

(Metals)(Billions of yen)
FY 2015 Q1-Q3
Net sales

FY 2016 Q1-Q3¥610.6¥511.8

Increase/decrease (%)¥(98.8)(-16.2%)

Operating profit

18.0

17.4

(0.5)

(-3.3%)

Ordinary income

¥27.9

¥19.0

¥(8.9)(-32.0%)In the copper business, net sales fell but operating profit rose. The business was affected by lower copper prices and adecrease in sales of purchased items, as well as a temporary suspension of operations at PT. Smelting in Indonesia from
mid-June to early September due to equipment trouble. However, operating costs fell and production in Japan increased.
In the entire Metals business, copper cathode production amounted to 370 thousand tons, down 56 thousand tons fromthe previous corresponding period.
In the gold and other valuable metals business, net sales increased but operating profit fell due to higher ore grades,
which led to increased production, but the business was affected by lower palladium prices and other factors.
In the copper and copper alloy products business, both net sales and operating profit decreased, because sales of
products for automobiles, semiconductors and others fell.
As a result, the entire Metals business posted year-on-year decreases in both net sales and operating profit. Ordinary
income for the overall segment was down year on year, due to lower dividend income and equity in earnings of affiliates.

(Advanced Materials & Tools)(Billions of yen)
FY 2015 Q1-Q3
Net sales

FY 2016 Q1-Q3

Increase/decrease (%)¥100.7¥115.3¥14.6(14.5%)

Operating profit

12.1

12.8

0.6

(5.1%)

Ordinary income

¥12.2

¥12.2

¥(0.0)(-0.4%)In the cemented carbide products business, demand was robust in Japan and overseas, particularly in Europe and theUnited States. Against this backdrop, we conducted proactive sales promotions. These factors, plus the addition of
Mitsubishi Hitachi Tool Engineering, Ltd. (formerly Hitachi Tool Engineering, Ltd.) as a consolidated subsidiary in April
2015, led to increases in net sales and operating profit.
In the high-performance alloy products business, although sales of products for the automobile sector hovered at a
steady level in North America, both net sales and operating profit decreased as sales volumes in Japan declined. Amongother factors, Hitachi Metals MMC Superalloy, Ltd. (formerly MMC Superalloy Corporation) transitioned to an equitymethod affiliate of the Group from a consolidated subsidiary in July 2014.
As a result, the overall Advanced Materials & Tools business recorded a year-on-year increase in both net sales andoperating profit. Ordinary income decreased due to a decrease in foreign exchange gain.

3

(Electronic Materials & Components)(Billions of yen)
FY 2015 Q1-Q3
Net sales

FY 2016 Q1-Q3¥49.0

Increase/decrease (%)

¥52.9

¥3.9

(8.0%)

Operating profit

3.4

2.5

(0.9)

(-27.4%)

Ordinary income

¥5.8

¥5.2

¥(0.5)(-10.2%)In the advanced materials and chemical products business, despite the steady progress in sales of semiconductor
manufacturing equipment-related products, sales of LSI products for smartphones and products for hybrid automobiles
decreased, causing both net sales and operating profit to fall.
In the electronic components business, sales of products for telecommunications equipment expanded. However,costs rose due to investments in new products and sales of products for household appliances were down. As a result,net sales were up but operating profit fell.
In the polycrystalline silicon business, operations were temporarily suspended at the Yokkaichi Plant from early
January to late-June of 2014. In the consolidated cumulative third quarter under review, however, the plant continued
with normal operations, leading to an increase in sales. As a result, both net sales and operating profit rose.
As a result, the entire Electronic Materials & Components business reported an increase in net sales, while operating
profit decreased. Ordinary income decreased due to a decline in operating profit.

(Aluminum)(Billions of yen)
FY 2015 Q1-Q3
Net sales

FY 2016 Q1-Q3

Increase/decrease (%)¥122.0¥122.4¥0.3(0.3%)

Operating profit

5.9

4.1

(1.7)

(-29.0%)Ordinary income

¥5.4

¥3.7

¥(1.7)(-31.2%)In the aluminum cans business, demand for bottle cans was on a par with the same period of the preceding fiscal year,
while demand for regular cans increased. Furthermore, the cost of materials increased.
In the rolled aluminum and processed aluminum products business, demand was down for products for automobiles
and products used in solar cells, while demand for products used in aluminum cans increased.
As a result, the entire Aluminum business posted a year-on-year increase in net sales but a decrease in operating profit.
Ordinary income decreased due to a decline in operating profit.

(Others)(Billions of yen)
FY 2015 Q1-Q3
Net sales

FY 2016 Q1-Q3

Increase/decrease (%)¥172.8¥172.6¥(0.2)(-0.1%)

Operating profit

5.0

4.8

(0.1)

(-3.3%)

Ordinary income

¥6.9

¥5.5

¥(1.3)(-20.1%)In the energy-related business, both net sales and operating profit decreased as stagnant market conditions caused coalsales to fall, and electric power sales volume declined as a result of ongoing construction projects to upgrade hydroelectric
power plants.
In the “E-waste” (used electronics and electrical products) recycling business, net sales and operating profit weredown, due to a reduction in the handling volume owing to the lack of impact from last-minute demand after the increasein the consumption tax rate and a decline in metal scrap prices.
Orders for nuclear energy and engineering services amounted to ¥44.8 billion, down ¥7.1 billion from the previous
corresponding period. The order backlog at the end of the period was ¥34.3 billion, down ¥5.5 billion from a year earlier.

4(2) Explanation of Financial Position
As of December 31, 2015, the Group’s consolidated total assets stood at ¥1,819.7 billion, down ¥78.4 billion from March
31, 2015. This was mainly due to a decrease in other current assets.
Total liabilities decreased ¥12.2 billion, to ¥1,146.3 billion, due primarily to a decrease in notes and accounts payabletrade.

(3) Explanation of Forecast and Other Future Predictions
In our consolidated earnings forecast, we have revised the net sales, operating profit and ordinary income figures for thefull fiscal year ending March 31, 2016, from the forecast announced on November 10, 2015, because of lower-thanexpected sales of copper cathode and cemented carbide products and due to the expected impact of such factors as lower
dividend income from overseas mines, stemming from a downturn in copper prices.
(Billions of yen)Previous forecast
Net sales

Current forecast

Increase/decrease (%)¥1,480.0¥1,410.0-4.7％

Operating profit

83.0

72.0

-13.3%

Ordinary income

88.0

73.0

-17.0%Net income attributable to owners of the parent

¥65.0

¥54.0

-16.9％

5

2. Summary Information (Notes)(1) Application of Specific Accounting Treatment
The Group rationally assumes an effective tax rate after applying tax-effect accounting to income before income taxes
for the consolidated fiscal year, including the period under review, and multiplies such effective tax rate by quarterly
income before income taxes to arrive at the tax expense.

(2) Changes in Accounting Policies; Changes in Accounting Estimates; Restatements
Changes in Accounting Policies(Adoption of Accounting Standard for Business Combinations)
The Company has applied the “Accounting Standard for Business Combinations” (ASBJ Statement No. 21, September
13, 2013), the “Accounting Standard for Consolidated Financial Statements” (ASBJ Statement No. 22, September 13,2013) and the “Accounting Standard for Business Divestures” (ASBJ Statement No. 7, September 13, 2013) from thefirst three months of the year ending March 31, 2016, causing differences resulting from changes in the Company’sownership of subsidiaries of which ownership continues to be recorded in capital surplus and changing the method ofrecording acquisition-related expenses in the fiscal year in which such expenses are incurred. Also, for corporate
combinations occurring after the beginning of the first three months of the year ending March 31, 2016, the allocationof acquisition costs as determined after review of provisional accounting treatment is reflected in the consolidated
quarterly financial statements for the consolidated quarterly financial period to which the business combination datebelongs. Furthermore, the presentation of quarterly net income has been changed, and the presentation of minority
interests has been changed to non-controlling interests. The consolidated quarterly financial statements for the firstnine months of the preceding fiscal year and the consolidated financial statements for the previous fiscal year havebeen revised to reflect these changes in presentation.
With regard to application of the Accounting Standard for Business Combinations, etc., as Clause 58-2 (4) of
the Accounting Standard for Business Combinations, Clause 44-5 (4) of the Accounting Standard for Consolidated
Financial Statements and Clause 57-4 (4) of the Accounting Standard for Business Divestures stipulate transitional
treatment, these standards will be applied going forward from the beginning of the first three months of the year ending
March 31, 2016.
As a result, operating profit, ordinary income and income before income taxes each decreased ¥297 million
during the first nine months of the year ending March 31, 2016. Also, the capital surplus decreased ¥5 million as ofDecember 31, 2015.

6

(3) Additional Information(Reserve for Environmental Measures)
The Company has recorded estimated amounts for losses related to waste processing and losses due to treatment ofcontaminated soil in the Kazuno region of Akita Prefecture. In addition, with regard to abandoned mines managed by
the Company, the Company has recorded estimated expenses related to a specific countermeasure work for preventing
mining-induced pollution and expenses for the countermeasure work to stabilize a collection site.
Construction expenses for these specific measures related to abandoned mines are for executing
countermeasures to stabilize a large-scale collection site as well as to avoid hazards at such sites accompanying therevised technical guidelines of the Mining Safety Act. In response to recent changes in the natural environment, these
also include drastic measures to control mine-induced pollution, mainly increasing water treatment capacity to prevent
runoff of untreated water. During the first three months of the year ending March 31, 2016, the content of constructionand estimates were determined. Accordingly, the Company recorded extraordinary losses of ¥10,841 million as aprovision for environmental measures.
This reserve is included within “other provision” under noncurrent liabilities.

(4) Contingent Liabilities
First nine months of the fiscal year ending March 31, 2016 (As of December 31, 2015)
Our consolidated subsidiary, PT. Smelting in Indonesia (hereafter “the Consolidated Subsidiary”) received a notice ofcorrection dated December 30, 2014, from the Indonesian taxation authorities concerning sales transaction amounts,
etc., of the Consolidated Subsidiary for the fiscal term ended December 31, 2009, assessing an additional US$47 million(¥5,773 million at the exchange rate as of December 31, 2015). On January 28, 2015, the Consolidated Subsidiary madea provisional payment of US$14 million (¥1,688 million at the same exchange rate) as part of the tax penalty.
However, the matter pointed out by the Indonesian taxation authorities, that the amount of reported sales has
been underestimated based on a comparison of profit margins with a company identified by the said authorities, isdeemed extremely irrational. As the subsequent order for a correction is considered totally unacceptable, on March 25,
2015, the Company and its Consolidated Subsidiary submitted a written opposition to the Indonesian taxation
authorities.

73. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2015

As of December 31, 2015

ASSETS
Current Assets:
Cash and deposits¥93,152¥62,731

Notes and accounts receivable-trade

230,874

236,407

Merchandise and finished goods

85,10086,631Work in process

107,093

106,996

Raw materials and supplies

104,539

93,959Other249,772

211,689

Allowance for doubtful accounts(2,129)(2,107)

Total Current Assets

868,403796,308

Noncurrent Assets:
Property, Plant and Equipment:
Machinery and equipment, net

185,119

187,856

Land, net

273,589

270,023

Other, net

196,326

203,222

Total Property, Plant and Equipment

655,034

661,102

Intangible Assets:
Goodwill

41,24949,911

Other

11,686

17,566

Total Intangible Assets

52,93667,477

Investments and Other Assets:
Investment securities

265,052

234,246

Other

63,706

67,912

Allowance for investment loss

(1,168)(1,168)

Allowance for doubtful accounts(5,807)(6,144)

Total Investments and Other Assets
Total Noncurrent Assets
Total Assets

8

321,783

294,846

1,029,753

1,023,426¥1,898,157¥1,819,734

(Millions of yen)
As of March 31, 2015

As of December 31, 2015

LIABILITIESCurrent Liabilities:
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds payable
Commercial papers
Income taxes payable
Provision
Gold payable
Other
Total Current Liabilities¥128,375
252,197
20,0405,000
9,545
13,206
227,505
121,946
777,817¥99,679
232,432
25,140－12,0958,182
214,452
107,245699,228

Noncurrent Liabilities:
Bonds payable
Long-term loans payable
Other provision
Net defined benefit liability
Other
Total Noncurrent Liabilities

65,100288,534
7,763
39,662
89,764490,825

40,000262,574
17,63541,39685,478447,085

1,268,643

1,146,313

119,457
92,272
252,858(1,865)

119,457
92,266298,217(1,942)

Total Shareholders’ Equity
Accumulated Other Comprehensive Income:
Valuation difference on securities available for sale
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans

462,723

507,999

42,717(1,025)33,856
15,746(3,256)34,544664
32,894
10,298(1,981)

Total Accumulated Other Comprehensive Income
Non-controlling interests

88,03978,751

76,42089,001

629,514¥1,898,157

673,421¥1,819,734

Total Liabilities
NET ASSETS
Shareholders’ Equity:
Capital stock
Capital surplus
Retained earnings
Treasury stock

Total Net Assets
Total Liabilities and Net Assets

9(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income[For the Nine Months Ended December 31, 2014 and 2015](Millions of yen)

Net Sales
Cost of Sales
Gross Profit
Selling, General and Administrative Expenses
Operating Profit
Non-operating Profit:
Interest income
Dividends income
Equity in earnings of affiliates
Rent income on noncurrent assets
Other
Total Non-Operating Profit
Non-operating Expenses:
Interest expenses
Other
Total Non-operating Expenses
Ordinary Income
Extraordinary Income:Gain on sales of investment securities
Gain on change in equity
Gain on sales of noncurrent assets
Gain on redemption of investment securities
Other
Total Extraordinary Income
Extraordinary Losses:
Provision for environmental measures
Loss on suspension of operations
Other
Total Extraordinary Loss
Income before Income Taxes
Income taxes
Net Income
Net Income Attributable to Non-Controlling Interests
Net Income Attributable to Owners of the Parent

10

Nine Months Ended Dec. 31, 2014

Nine Months Ended Dec. 31, 2015

(Apr. 1, 2014 - Dec. 31, 2014)(Apr. 1, 2015 - Dec. 31, 2015)¥1,131,948
980,168
151,780
99,114
52,665¥1,055,860
896,143
159,717
107,496
52,220434
14,777
6,296
3,722
3,031
28,263

443
7,046
4,157
3,770
3,432
18,8506,323
8,513
14,83766,091

5,184
10,416
15,60055,471

880
64
240
－
218
1,404

19,187
10,464
6,281
1,234
4,210
41,378

1,300
1,136
3,075
5,511
61,984
17,072
44,911
4,646¥40,264

10,841
2,661
2,687
16,19180,657
20,99959,6583,104¥56,553

Consolidated Statement of Comprehensive Income[For the Nine Months Ended December 31, 2014 and 2015](Millions of yen)
Nine Months Ended Dec. 31, 2014

Nine Months Ended Dec. 31, 2015

(Apr. 1, 2014 - Dec. 31, 2014)(Apr. 1, 2015 - Dec. 31, 2015)

Net Income
Other comprehensive income
Valuation difference on securities available for sale
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Equity in earnings of affiliates¥44,911¥59,658

4,746(3,410)－24,8181,348
720(8,217)2,046
59(2,696)
1,124(3,292)

Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of
the parent company

28,22373,135(10,975)
48,682

62,71345,661¥10,422¥3,021

Comprehensive income
controlling interests

attributable

to

non-

11

(3) Notes on Consolidated Financial Statements
Notes on Assumptions for Going Concern: N/A
Segment Information[Segment Information]
I. For the Nine Months ended December 31, 2014 (From April 1, 2014 to December 31, 2014)
Sales and Income of Reporting Segments
Advanced Electronic
Materials Materials & Aluminum& Tools Components

Others

Total(Millions of yen)Amountin
Adjustment indicatedtheamount statements
of incomeCementMetals¥139,468¥604,001¥84,202

2,720

6,667

16,526

7,751

1,531

Total

142,188

610,668

100,728

49,012122,055

172,846 1,197,500(65,551) 1,131,948

Segment income¥12,638¥27,971¥12,267¥5,836¥5,451¥6,943¥(5,017)

Net sales(1)Outside
Customers(2)Within
Consolidated
Group¥41,261 ¥120,524 ¥142,492 ¥1,131,948
30,35465,551¥71,108－ ¥1,131,948(65,551)－¥66,091(Notes)1. “Others” includes nuclear energy-related services, environmental and recycling-related business, real estatebusiness, and engineering-related services.
2. Included in the segment income adjustment amount (-¥5,017 million) are segment eliminations (-¥15 million)
and corporate expenses (-¥5,001 million) that cannot be allocated to any specific segment. Corporate expenses
consist mainly of management-related costs, basic experimental research costs, and financial income/expenses.
3. Segment income has been adjusted together with ordinary income on the consolidated quarterly statement ofincome.

II. For the Nine Months ended December 31, 2015 (From April 1, 2015 to December 31, 2015)
Sales and Income of Reporting Segments(Millions of yen)Amountindicated in
Adjustment
theamountstatements
of incomeCementMetalsAdvanced Electronic
Materials Materials & Aluminum& Tools Components¥144,652¥505,467¥101,240

2,573

6,344

14,101

10,373

1,280

Total

147,225

511,811

115,341

52,927

122,404

172,613 1,122,323(66,463) 1,055,860

Segment income¥15,792¥19,015¥12,215¥5,243¥3,748¥5,550¥(6,095)

OthersTotal

Net sales(1)Outside
Customers(2)Within
Consolidated
Group¥42,554 ¥121,123 ¥140,822 ¥1,055,860
31,79066,463¥61,566－ ¥1,055,860(66,463)－¥55,471(Notes)1. “Others” includes nuclear energy-related services, environmental and recycling-related business, real estatebusiness, and engineering-related services.
2. Included in the segment income adjustment amount (-¥6,095 million) are segment eliminations (-¥13 million)
and corporate expenses (-¥6,081 million) that cannot be allocated to any specific segment. Corporate expenses
consist mainly of management-related costs, basic experimental research costs, and financial income/expenses.
3. Segment income has been adjusted together with ordinary income on the consolidated quarterly statement ofincome.

Notes in Event of Significant Changes in Shareholders’ Equity: N/A
12