Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the Third Quarter of Fiscal 2012 ended March 31, 2012
February 9, 2012
Company:
Stock code:
URL:

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

Fiscal 2011 3Q: April 1, 2010- December 31,2010
Fiscal 2011:
April 1, 2010-March 31, 2011
Fiscal 2012 3Q: April 1, 2011- December 31, 2012
Fiscal 2012:
April 1, 2011-March 31, 2012

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 Third Quarter of Fiscal 2012 (April 1, 2011 through December 31,2011)(1) Operating Results
3Q FY3/12
3Q FY3/11

Net Sales
Millions of Yen
539,819537,326%0.5(1.6)

Operating income
Millions of Yen%
18,752119.2
8,554 131.9*comprehensive income : Fiscal 2012 3Q (5,765)

EPS

Fiscal 2011 3Q (19,339)

Diluted EPS
Yen––Yen
1.04(5.92)

3Q FY3/12
3Q FY3/11Ordinary income
Net income(loss)
Millions of Yen% Millions of Yen%
10,376 610.6
1,096–
1,460 (39.6)(5,568)–(2) Financial Position
Total assets
Millions of Yen
997,351
998,741

3Q FY3/12
FY3/11*Equity : Fiscal 2012 3Q 163,195

Total net assets
Millions of Yen
189,277
166,819

Equity ratio%
16.4
14.1

Fiscal 2011 3Q 140,441

2. Dividends
1Q
FY3/11
FY3/12
FY3/12(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

Yen

Yen

Yen

Yen

——

0.00
2.00

——

2.50

2.50

2.00

4.00

3. Consolidated Results Forecast for the Fiscal 2012(April 1, 2011 through March 31, 2012)
Net sales
Millions of Yen

FY3/12718,000%(1.2)

Operating income%
27,000 64.3

Millions of Yen

Ordinary income%
18,200 145.5

Millions of Yen

Net income
Millions of Yen

11,300%153.9

EPSYen10.31

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.

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

Cash and deposits
Notes and accounts receivabletrade
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 andvehicles
Land
Other
Property, plant and equipment
Intangible assets
Goodwill
Other
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtfulaccounts
Investments and other assets
Total noncurrent assets
Total assets

FY3/11(As of 3/31/11)
67,290(Millions of Yen)
3Q FY3/12(As of 12/31/11)
65,282150,064

168,451

27,1686,166
35,26038,796(1,810)322,936

25,511
6,838
38,61940,737(2,212)
343,228

158,150

152,397

117,902107,398

153,479
51,444
480,977

154,211
57,096471,103

15,60731,09546,702

13,14129,75942,901

87,46666,42080,64965,334(5,762)(5,865)

148,125
675,805
998,741

140,118
654,122997,351

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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 papers
Current portion of bonds
Income taxes payable
Provision for bonuses
Provision for directors’ bonuses
Provision for loss on assignment
Provision for loss on disaster
Other provision
Other
Total 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 availablefor-sale securities
Deferred gains or losses onhedges
Revaluation reserve for land
Foreign currency translation
adjustments
Adjustment for employee
retirement benefit of overseas
subsidiary
Total accumulated othercomprehensive income
Minority interests
Total net assets
Total liabilities and net assets

FY3/11(As of 3/31/11)
78,757282,336
12,00020,326
3,3234,152
7
5,953
6,542
878
58,599472,877
51,954
199,554
23,9453Q FY3/12(As of 12/31/11)
83,652272,064
10,270
6,157
2,597
7
5,953
1,720
957
69,706453,086
42,349203,483
23,096

626

510

138

138

319
2,427
6,251
73,827359,044
831,922
69,49933,962
82,952(918)
185,495

368
2,252
6,105
76,683354,987
808,073
86,17450,636
79,335(924)
215,221

2,393

1,496

54

(5)

4,447

4,677

(49,503)(56,093)(2,446)(2,100)(45,053)(52,026)

26,378
166,819998,741

26,082
189,277
997,351

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

(Millions of Yen)
3Q FY3/11(As of 12/31/10)

Operating income

Item
Net sales

537,326

Cost of sales

438,814434,026

Gross profit

98,512

105,792

89,95887,0408,554

18,752

Interest income

351

378

Dividends income

949

1,168

577

-

2,901

2,926

Total

4,779

4,473

Interest expenses

7,223

7,237

-

2,157

Selling, general and administrative
expenses

539,819

Incomeunconsolidated subsidiaries
and affiliates
Other

Equity in losses ofExpenses

Non-operating

Equity in earnings ofincome and expenses

Ordinary income

Operating income

unconsolidated subsidiaries andaffiliates
Other

4,650

3,453

11,873

12,8491,460

10,376

Gain on disposal of non-current assets

9,759

1,141

Gain on sales of investment securities

2,385

38

Other

1,116

282

13,261

1,463

Loss on disposal of non-current assets

1,222

1,442

Loss on sale of investment securities

2,556

79

2,203637-

2,118

4,056-

2,483

1,769

TotalIncomeOrdinary income

Total

Loss on valuation of investment
LossesExtraordinary income and losses

3Q FY3/12(As of 12/31/11)

securities
Loss on disaster
Loss on adjustment for changes of accounting
standard for asset retirement obligations

Other

12,521

6,048

Income before income tax and minority interests

Total

2,199

5,791

Income taxes-current

7,746

7,423

Income taxes-deferred(458)(3,457)

7,288

3,965

(5,088)

1,826

Minority interests

480729Net income(loss)(5,568)

1,096

Income taxes total
Net income(loss) before minority interests

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Consolidated Statement of Comprehensive Income
All yen figures are rounded down to the nearest one million 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
Revaluation reserve for land
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(Millions of Yen)
3Q FY3/11
3Q FY3/12(As of 12/31/10)(As of 12/31/11)(5,088)1,826(2,972)
1(9,134)-(778)(23)(4,821)
400

389

346

(2,535)(2,715)(14,251)(19,339)(7,592)(5,765)(18,337)(1,002)(5,857)91

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)
3Q FY3/11 (4/1/10 – 12/31/10)
Reportable SegmentsMineral
Construction Ceramics &Cement
Environmental
Other
Resources
Materials Electronics
Total
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

320,272

49,23939,86754,762

29,707493,759

43,567537,326—

537,326

7,739

12,379

3,702

3,816

24

27,662

21,93349,596(49,596)—

328,01261,61943,56958,48929,731

521,42265,501586,923(49,596)537,326

3,311

1,297

3,752

(1,096)

(760)

6,503

2,472

8,976

(421)

8,554

3Q FY3/12 (4/1/11 – 12/31/11)
Reportable Segments
MineralConstruction Ceramics &Cement
Environmental
OtherResources
Materials Electronics
Total
Business
Business
Business
Business
Business
Net sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

337,944

49,49943,052

54,63324,721

509,851

29,967539,819—539,819

8,670

12,931

4,190

2,780

7

28,581

15,57244,154(44,154)—

346,615

62,431

47,24357,41424,729538,433

45,539583,973(44,154)

539,819

10,564

2,131

4,734

(52)

(180)

17,198

1,906

19,104(351)

18,752

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