Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2014 ended March 31, 2014
August 8, 2013
Company:
Stock code:
URL:

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

Fiscal 2013 1Q: April 1, 2012- June 30,2012
Fiscal 2013:1Q: April 1, 2012- March 31, 2013
Fiscal 2014 1Q: April 1, 2013- June 30, 2013
Fiscal 2014:
April 1, 2013- March 31, 2014

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 2014 (April 1, 2013 through June 30, 2013)(1) Operating Results
Net Sales
Millions of Yen
187,320
166,761

1Q FY3/14
1Q FY3/13

%
12.3
1.3

*comprehensive income : Fiscal 2014 1QEPS

11,338

Ordinary income(loss)
Net income(loss)
Millions of Yen% Millions of Yen%
6,944
2,042－－(4,222)(5,380)－－Fiscal 2013 1Q 66

Diluted EPS
Yen––Yen
1.66(4.38)

1Q FY3/14
1Q FY3/13

Operating income
Millions of Yen%
9,174－490－(2) Financial Position
1Q FY3/14
FY3/13

Total assets
Millions of Yen
1,007,158
982,473*Equity : Fiscal 2014 1Q

198,486

Total net assets
Millions of Yen
228,294
219,826

Equity ratio%
19.7
19.5

Fiscal 2013 191,427

2. Dividends
1Q
FY3/13
FY3/14
FY3/14(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

Yen

Yen

Yen

Yen

——

2.00

—

2.00

4.00

2.00

—

2.00

4.00

3. Consolidated Results Forecast for the Fiscal 2014(April 1, 2013 through March 31, 2014)
Net sales

Operating income%
14,000 31.8

Millions of Yen

1HFY3/14

382,000%
8.1

FY3/14

798,000

6.7

48,000Millions of Yen

18.1

Ordinary income

Net income(loss)
Millions of Yen

9,000%
97.1

40,000

22.4

Millions of Yen

EPS

1,500%
178.1

1.22

13,000

14.7

10.58

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 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.

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
Property, plant and equipment
Buildings and structures
Machinery, equipment and vehicles
Land
Other
Property, plant and equipment
Intangible assets
Goodwill
Other
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accountsInvestments and other assets
Total noncurrent assets
Total assets

FY3/13(As of 3/31/13)
59,379174,336
25,9204,788
36,45531,413(1,587)
330,706(Millions of Yen)
1Q FY3/14(As of 6/30/13)
65,710172,983
28,156
5,938
38,04132,295(1,695)
341,431

146,664
108,314
152,625
49,884457,489

145,323
107,253
154,144
59,968466,689

11,30330,275
41,578

11,61730,87742,494

85,12874,282(6,713)
152,698
651,766
982,473

85,45877,744(6,659)156,543665,727
1,007,158

Page 2 of 5

All yen figures are rounded down to the nearest one million yen.

(Millions of Yen)

Notes and accounts payable-trade
Short-term loans payable
Commercial Paper
Current portion of bonds
Income taxes payable
Provision for bonuses
Provision for directors’ bonuses
Provision for loss on assignment
Other provision
OtherTotal current liabilities
Bonds payable
Long-term loans payable
Provision for retirement benefits
Provision for directors’ retirement benefits
Provision for loss on business ofsubsidiaries and affiliates
Provision for special repairs
Provision for asset removal
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustments
Adjustment for employee retirement benefitof overseas subsidiary
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

FY3/13(As of 3/31/13)
85,010274,760－11,478
11,000
4,711
7
2,971
1,922
70,730462,591
32,385
155,336
25,448505

1Q FY3/14(As of 6/30/13)
83,164284,918
9,000
11,420
7,645
3,661
7
2,971
1,641
76,218
480,647
32,645
145,141
26,357
465

138

138

343
1,866
8,032
75,998300,054762,646
86,17450,636
91,174(934)
227,051

358
1,865
7,467
83,775298,215
778,863
86,17450,636
90,760(941)
226,629

3,168

3,288

78
4,563
(39,640)

60
4,474(31,935)(3,793)(4,030)(35,624)
28,399219,826
982,473(28,142)
29,808228,294
1,007,158

Page 3 of 5

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

(Millions of Yen)
1Q FY3/13
1Q FY3/14(As of 6/30/12)(As of 6/30/13)

Net sales

166,761

187,320

Cost of sales

137,521

148,103

Gross profit

29,23939,21728,74930,042490

9,174

Selling, general and administrative
expenses

IncomeExpenses

income and expenses

Operating income

Non-operating

Ordinary income

Operating income

ItemInterest income

11084

Dividends income

203205

Other926

1,182

Total

1,2401,472

Interest expenses

2,279

2,172

2,836

794

836

735

5,953

3,702

Equity in losses of unconsolidated
subsidiaries and affiliates
OtherTotal(4,222)

6,944

Gain on disposal of non-current assets

127

1,080

Other

2245

Total

150

1,125

Loss on disposal of non-current assets

229

294

Other

389

30

618

325

(4,690)

7,744

864

5,500

(5,554)

2,243

IncomeLossesExtraordinary income and losses

Ordinary income(loss)

Total

Income(loss) before income tax and minority interests
Income taxes total
Net income(loss) before minority interests
Minority interests

(174)

201

Net income(loss)(5,380)2,042

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 FY3/13
1Q FY3/14(As of 6/30/12)(As of 6/30/13)(5,554)
2,243

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
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 interests

(786)
(0)
4,930

148
(18)
8,491

(135)

(236)

1,613

709

5,621
66

9,094
11,338

(640)
707

9,613
1,724

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 FY3/13 (4/1/12 – 6/30/12)
Reportable SegmentsConstruction Ceramics &Mineral
Environmental
CementOther
Materials Electronics
TotalResources
Business
Business
Business
Business
Business
Net sales
Sales to outside
customers
Inter-segment
sales
Total
Segment
income(loss)

Inter-segment
sales
Total
Segment
income(loss)

Adjustment

Consolidated
Total

107,330

16,13913,551

16,4273,430

156,879

9,882

166,761—

166,761

2,519

3,792

1,303

999

9

8,804

5,566

14,371(14,371)—

109,849

20,112

14,855

17,427

3,439

165,684

15,448181,133(14,371)

166,761

(913)

326

1,316

(360)

(624)

(256)

622

365

1244901Q FY3/14 (4/1/13 – 6/30/13)
Reportable Segments
MineralConstruction Ceramics &Cement
Environmental
OtherResources
Materials Electronics
Total
Business
Business
BusinessBusinessBusiness
Net sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

118,026

17,63020,447

18,278

2,377

176,761

10,558187,320—

187,320

2,931

4,609

1,129

1,067

8

9,747

5,319

15,066(15,066)—

120,958

22,24021,577

19,346

2,385

186,508

15,878202,387(15,066)

187,320

5,405

1,207

1,771

325

(256)

8,453

725

9,179

(4)

9,174

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