Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2020 ended March 31, 2020
August 8, 2019
Company:
Stock code:
URL:

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

Fiscal 2019 1Q:
Fiscal 2019:
Fiscal 2020 1Q:
Fiscal 2020:

April 1, 2018- June 30, 2018
April 1, 2018- March 31, 2019
April 1, 2019- June 30, 2019
April 1, 2019- March 31, 2020

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 2020 (April 1, 2019 through June 30, 2019)(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%

1Q FY3/20

206,868(2.1)

5,996(38.5)

6,235(37.6)

5,614(8.4)

1Q FY3/19

211,336

5.99,755

10.3

9,987

14.1

6,132

32.4

*Comprehensive income : Fiscal 2020 1Q 5,454

EPS

Fiscal 2019 1Q (1,138)

Diluted EPS
Yen

Yen

1Q FY3/20

45.87

–

1Q FY3/19

49.55

–

(2) Financial Position
Total assets

Total net assets

Millions of Yen

Millions of Yen%

1,033,029

452,07440.3

1,034,428

450,645

40.1

1Q FY3/20
FY3/19*Equity : Fiscal 2020 1Q

416,355

Equity ratio

Fiscal 2019 414,709

2. Dividends
Dividend per share
1Q

2Q

3Q

4Q

TotalYen

Yen

Yen

Yen

Yen

FY3/19—50.00—30.00

30.00

FY3/20—30.00—30.0060.00

FY3/20(forecast)*The dividend per share of the Second Quarter of Fiscal 2019 ended March 31, 2019 includes an ordinar y dividend of 30.00 yen andcommemorative dividend of 20.00 yen.

3. Consolidated Results Forecast for the Fiscal 2020 (April 1, 2019 through March 31, 2020)(% of change from the corresponding period of the previous year)
Net sales

Profit attributable toOwners of parent

Ordinary income

Operating income

EPS

Millions of Yen%

Millions of Yen%

Millions of Yen%

Millions of Yen%

Yen

1HFY3/20451,000

2.8

28,0002.2

28,0003.3

19,0009.6

155.24

FY3/20936,000

2.2

71,000

7.6

69,5008.1

45,0003.6

367.68*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.

ItemFY3/19(As of 3/31/19)(Millions of Yen)
1Q FY3/20(As of 6/30/19)

AssetsCurrent assets
Cash and deposits

56,56157,304

Notes and accounts receivable-trade180,535

166,965

Electronically recorded monetary claims-operating

12,99814,479Merchandise and finished goods

31,13833,441Work in process

2,268

2,927

Raw materials and supplies

43,31443,915

Other

15,135

15,657

Allowance for doubtful accounts

(646)

(642)

Total current assets

341,307334,049

Buildings and structures, net

135,653

134,219

Machinery, equipment, and vehicles, net

134,649

134,481Land

157,638

157,781

Other, net

92,998

101,608

Total property, plant and equipment

520,939

528,091

Non-current assets
A. Property, plant and equipment

B. Intangible assets
Goodwill

321

285

Other

30,553

29,632

Total intangible assets

30,87529,918Investment securities

83,692

83,158Retirement benefit assets

17,80718,022

Other

47,23847,210C. Investments and other assets

Allowance for doubtful accounts(7,432)(7,420)Total investments and other assets

141,306

140,970

693,120

698,980

1,034,428

1,033,029

Total non-current assets
Total assets

Page 2 of 5

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

FY3/19(As of 3/31/19)(Millions of Yen)
1Q FY3/20(As of 6/30/19)

Notes and accounts payable-trade96,27590,585

Electronically recorded obligations-operating

8,716

6,910

Short-term borrowings

135,381

141,340

Commercial papers

4,000

11,000Current portion of bonds

10,00010,000

Income taxes payable

8,376

2,975

Provision for bonuses

6,046

4,635

Item
Liabilities
Current liabilities

Other provisions

22021580,37384,398349,390352,060

Bonds payable

30,00030,000Long-term borrowings

100,233

93,281Retirement benefit liabilities

24,20624,004

Provision for retirement benefits for directors

535

472

Provision for special repairs

7588

Other
Total current liabilities
Non-current liabilities

Other provisions

757

758

Asset retirement obligations

7,619

7,631

Other

70,96472,656234,392

228,894583,783

580,955

86,174

86,174

Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus

60,40860,420Retained earnings

294,265

296,164

Treasury shares(16,081)(16,086)

424,767

426,671

8,688

8,233

(3)

(1)

Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment

5,019

5,019

(20,128)(20,062)

Accumulated remeasurements of defined benefit plans(3,632)(3,504)

Total accumulated other comprehensive income(10,057)(10,316)

Non-controlling interests

35,93535,718

Total net assets

450,645452,074

1,034,428

1,033,029

Total liabilities and net assets

Page 3 of 5Consolidated Statements of Income
All yen figures are rounded down to the nearest one million yen.

1Q FY3/19(4/1/186/30/18)
211,336(Millions of Yen)
1Q FY3/20(4/1/196/30/19)
206,868

Cost of sales

166,878

167,554

Gross profit

44,45839,313

Selling, general and administrative expenses

34,70233,317

Operating income

9,755

5,996

Interest income

86103

Dividend income

520

559

Share of profit of entities accounted for using equity method484623Item
Net sales

Non-operating income

Other791

587

1,882

1,874

1,078

984

571

650

1,650

1,634

9,987

6,235

Gain on disposal of non-current assets

30139

Gain on sales of investment securities

4678

Compensation income-2,730

Other

39

15116

2,963

269

638-

185

209

-

Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income

Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on withdrawal from business
Loss on liquidation of subsidiaries and associates95

11574

836

Income before income taxes and non-controlling interests

9,529

8,363

Income taxes

3,089

2,693

Profit

6,440

5,669

308

55

6,132

5,614

OtherTotal extraordinary losses

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

Page 4 of 5

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

Profit1Q FY3/19(4/1/186/30/18)
6,440(Millions of Yen)
1Q FY3/20(4/1/196/30/19)
5,669

1,398(341)(1)

1Other comprehensive incomeValuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment(9,055)96

Remeasurements of defined benefit plans

261

124

Share of other comprehensive income of entities accounted for using equity method

(182)

(96)

Total other comprehensive income
Comprehensive income(7,579)(215)(1,138)

5,454

(115)

5,356

(1,023)98

Comprehensive income attributable to :Owners of parent
Non-controlling interests

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

(Millions of Yen)
1Q FY3/19 (4/1/18 – 6/30/18)
Reportable Segments
MineralConstruction
CementEnvironmental
Resources
Materials
Business
BusinessBusinessBusiness
Net sales
Sales to outside
147,618
customers

Total

Other

Total

Adjustment

Consolidated
Total

14,613

20,421

15,556198,210

13,126211,336-

211,336

Inter-segment
sales
Total

2,185

5,937

1,952

1,015

11,091

5,276

16,368(16,368)-

149,804

20,551

22,374

16,572

209,301

18,402

227,704(16,368)

211,336

Segment income

5,612

1,830

1,679

429,164

501

9,666

89

9,755

1Q FY3/20(4/1/19 – 6/30/19)
Reportable Segments
MineralConstruction
CementEnvironmental
Resources
Materials
BusinessBusinessBusinessBusinessNet sales
Sales to outside
144,183
customers

Total

Other

Total

Adjustment

Consolidated
Total

13,757

18,703

17,949194,593

12,275

206,868-

206,868

Inter-segment
sales
Total

2,743

5,964

1,727

946

11,382

5,363

16,745(16,745)-

146,927

19,721

20,431

18,895205,975

17,638

223,614(16,745)

206,868

Segment income

1,624

1,533

1,406

761

5,325

445

5,771

224

5,996

Page 5 of 5