Consolidated Financial Results for the Six Months Ended September 30, 2013
Mitsubishi Materials Corporation
Tokyo, Japan

November 6, 2013
Stock code:
Shares listed:
URL:
Representative:
For further information please contact:

5711
Tokyo Stock Exchange
http://www.mmc.co.jp/
Mr. Hiroshi Yao, President
Mr. Naoya Sasaki, Manager, Corporate Communications & IR Dept.
Tel: +81-3-5252-5206
Filing date of Quarterly Report:
November 8, 2013
Scheduled date of start of dividend payment:
December 6, 2013
Supplementary materials for the quarterly financial results: Yes
Investor conference for the quarterly financial results:
Yes (For Corporate Investors)

1. Results of the six months ended September 30, 2013 (From April 1, 2013 to September 30, 2013)(1) Results of operations (cumulative):(Millions of yen)
(Percentage changes relative to previous corresponding period)
Net sales¥703,688(Note) Comprehensive income

10.7(%)¥33,336

Ordinary income

26.0(%)¥35,485

Net income

1.5(%)¥29,23979.6(%)¥635,636-14.0(%) ¥26,465 -14.9(%)¥34,949 -13.5(%)
Six Months Ended Sep. 30, 2013:
56,924 million yen (409.6%)
Six Months Ended Sep. 30, 2012:
11,171 million yen (-19.4%)¥16,278-26.9(%)

Six Months Ended Sep.30, 2013
Six Months Ended Sep.30, 2012

Operating profit(Yen)

Six Months Ended Sep.30, 2013
Six Months Ended Sep.30, 2012

Net income per share

Diluted net income per share¥22.31¥12.42－－(2) Financial position:(Millions of yen)
Total assets
As of September 30, 2013
As of March 31, 2013

(Reference) Shareholders’ equity¥1,815,071¥1,811,767
As of Sep. 30, 2013:
As of Mar. 31, 2013:

Shareholders’ equity ratio

Net assets¥517,097¥466,231

24.9(%)
22.4(%)

452,128 million yen
405,230 million yen

2. Dividend payments(Yen)
Dividends per Share
(Record date)
First Quarter
Second Quarter
Third Quarter
Year Ended March 31, 2013
－
¥0.00
－
Year Ending March 31, 2014－
¥2.00
Year Ending March 31, 2014 (Forecast)－(Note) Revisions to dividend forecast in the current period: No

3. Forecast (From April 1, 2013 to March 31, 2014)

Year Ending March
31, 2014

Net sales

Operatingprofit¥1,480,000 15.0 (%)¥72,000 37.1 (%)(Note) Revisions to forecast in the current period: No

Year-End¥4.00

Annual
¥4.00

¥4.00

¥6.00

(Millions of yen)
(Percentage changes relative to previous corresponding period)
Net income
Ordinary income
Net income
per share¥80,000 7.5 (%)¥45,000 21.8 (%)¥34.33 (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 see “(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: None(ii) Other changes in accounting policies: None(iii) Changes in accounting estimates: None(iv) Restatements: None
(4) Number of issued shares (common stock)(i) Number of issued shares at end of year (including treasury shares)
Six months ended September 30, 2013: 1,314,895,351 sharesYear ended March 31, 2013:
1,314,895,351 shares(ii) Number of treasury shares at end of year
Six months ended September 30, 2013: 4,320,773 sharesYear ended March 31, 2013:
4,193,557 shares(iii) Average number of shares during the period (quarterly cumulative period)
Six months ended September 30, 2013: 1,310,639,746 shares
Six months ended September 30, 2012: 1,311,095,096 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 and Exchange 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 inthis report will be achieved. Accordingly, there might be cases in which actual results materially differ from forecastsof this report. To use assumptions for forecasts and to refer to specific revisions on consolidated financial forecasts,see (3) Explanation of Forecast and Other Future Predictions (page 5) under “1. Qualitative Information Regarding theConsolidated Performance”.
(Method of obtaining supplementary information to and contents of the first two quarters financial results briefing)
Mitsubishi Materials Corporation is scheduled to hold a first two quarters financial results briefing for institutional
investors on November 11, 2013 (Monday). Supplementary information to the quarterly financial results to be used inthis briefing is being released on TDnet and on the Company’s website with the announcement of the consolidated
financial results for the six months ended September 30, 2013.

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
3. Consolidated Financial Statement................................................................................................................ P7(1) Consolidated Balance Sheets .................................................................................................................. P7(2) Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income
Consolidated Statement of Operations ................................................................................................. P9
Consolidated Statement of Comprehensive Income ........................................................................... P10(3) Consolidated Statement of Cash Flows.................................................................................................. P11(4) Notes on Consolidated Financial Statement ........................................................................................... 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
In the six months ended September 30, 2013, there was a continued slowdown in the pace of economic
expansion in emerging economies such as China and India. However, the United States economy showed signsof an upswing and overall economic conditions are headed towards recovery.
The economy of Japan showed signs of recovery driven by upward domestic consumption due toincreasing public investment and housing construction.
Regarding the operating environment for the Mitsubishi Materials Group, while copper price hovered low
compared with the same period of the previous year, demand for cement continued strong due to reasons
including increase of housing construction and full-scale demand generated by reconstruction from theearthquake. Also our entire business was impacted by the influence of correction of the yen appreciation.
In this environment, we embarked on the medium-term management plan (FY2012-2014), entitled“Materials Premium 2013—Aiming for New Value Creation”. The plan embraces the basic concept of“Simultaneously implementing growth strategies and financial improvements,” with two initiatives stated as
growth strategies: “Business advancement in overseas markets, especially emerging markets” and “Generationof distinctive synergies as an integrated business entity.” In order to promote this recognition, we havecontinued to implement various measures.
As a result, consolidated net sales for the period totaled ¥703,688 million, up 10.7% from the previous
corresponding period. Operating profit increased 26.0%, to ¥33,336 million, and ordinary income increased
1.5%, to ¥35,485 million. Net income for the period increased 79.6%, to ¥29,239 million.
2) Overview of Segment(Cement)
Net sales
Operating profit
Ordinary income

FY 2013 Q1-Q2
¥78.7
5.1
¥4.2

FY 2014 Q1-Q2
¥87.2
7.0
¥6.7

(Billions of yen)
Increase/decrease (%)¥8.4(10.7%)
1.9(37.7%)¥2.4(58.5%)In the domestic Cement business, the sales volume increased since in addition to reconstruction demandfollowing the earthquake there was also steady demand in the Tokyo metropolitan area for construction
including road-related construction, redevelopment construction, housing construction such as condominium
buildings. Overseas, sales volume increased due to strong United States demand for private-sector capitalspending and housing-related, as well as increased China demand due to the reopening of high-speed rail
construction in Shandong and a shortening of the construction period for the new airport. Total cement
production for the period was 6.0 million tons, up 0.2 million tons from the previous corresponding period.
As a result, the entire Cement business posted year-on-year increases in both net sales and operating profit.
Ordinary income rose from the previous corresponding period due to an increase of operating profit.

2

(Metals)

Net sales
Operating profit
Ordinary income

FY 2013 Q1-Q2¥306.48.4¥18.9

FY 2014 Q1-Q2¥341.912.0¥16.1(Billions of yen)
Increase/decrease (%)¥35.5(11.6%)
3.5(42.0%)¥(2.7)(-14.7%)In the copper business, the overseas copper market prices decreased, but there was also impact from correctionof yen appreciation. Additionally, the business of PT Smelting in Indonesia was also impacted by the operation
trouble at mines supplying ore to the company. However, in the six months ended September 30, 2013, there
was no operation shutdown associated with periodic furnace repairs. This resulted in increased production,
which in turn led to an increase in net sales and operating profit. Total production of copper cathode for theperiod was 262 thousand tons, up 4 thousand tons from the previous corresponding period.
Gold and other metals experienced decreased production due to a decrease in the amount of gold containedin the raw material ore. However, there was also impact from the correction of yen appreciation. As a result,
there was a decrease in net sales and an increase in operating profit.
In the processed copper products business, sales of products for the automobile sector increased, and there
was an increase in net sales and operating profit.
As a result, the entire Metals business reported year-on-year increases in both net sales and operating
profit.
Despite an increase in operating profit, ordinary income decreased from the previous corresponding period
due to a decrease in dividend income.

(Advanced Materials & Tools)

Net sales
Operating profit
Ordinary income

FY 2013 Q1-Q2
¥70.5
6.3
¥5.6

FY 2014 Q1-Q2
¥72.5
7.5
¥7.0

(Billions of yen)
Increase/decrease (%)¥1.9(2.8%)
1.1(17.9%)¥1.3(24.7%)In the cemented carbide products business, sales increased due to the impact from correction of yen appreciation.
As a result, there was an increase in net sales and operating profit.
In the high-performance alloy products business, there was an increase in net sales but a decrease inoperating profit since although demand in the aircraft-related market remained strong, sales of products for the
automobile sector was decreased due to the termination of Eco-car subsidy and also purchase costs increased
due to the influence of correction of the yen appreciation.
As a result, the entire Advanced Materials & Tools business posted year-on-year increases in both net sales
and operating profit.
Ordinary income increased from the previous corresponding period due to an increase in operating profit.

3

(Electronic Materials & Components)
Net sales
Operating profit
Ordinary income

FY 2013 Q1-Q2
¥33.7
2.0
¥2.4

FY 2014 Q1-Q2
¥34.5
2.0
¥0.9

(Billions of yen)
Increase/decrease (%)¥0.7(2.2%)(0.0)(-1.1%)¥(1.4)(-59.5%)

Despite healthy sales of products for smartphones, the advanced materials business decreased in both net sales
and operating profit because of stagnant demand in other semiconductor-related markets.
The electronic devices business posted increases in both net sales and operating profit due to increased
sales of products for household appliances, results of cost reductions, and impact from correction of yen
appreciation.
Polycrystalline silicon and chemical products recorded an increase in net sales and a decrease in operating
profit. This was due to increased sales of polycrystalline silicon and decreased sales of chemical products.
Furthermore, regarding the suspended operation of some production lines at Yokkaichi Plant from April 2012 toMarch 2013, an amount equivalent to fixed costs associated with the suspended production lines which had
been allocated to extraordinary losses in the six months ended September 30, 2012, were posted as operating
expenses in the six months ended September 30, 2013,.
As a result, the entire Electronic Materials & Components business reported a year-on-year increase in net
sales but a decrease in operating profit.
Ordinary income for the entire business decreased on a year-over-year basis due to decreases in operating
profit and in equity in earnings of affiliates.

(Aluminum)
Net sales
Operating profit
Ordinary income

FY 2013 Q1-Q2
¥76.1
4.5
¥4.3

FY 2014 Q1-Q2
¥77.5
4.3
¥3.9

(Billions of yen)
Increase/decrease (%)¥1.4(1.9%)(0.2)(-5.8%)¥(0.3)(-9.2%)In the aluminum cans business, demand increased for regular cans mainly for beer or beer-like beverages, but
demand decreased for bottle cans for black coffee and tea-based beverages.
In rolled aluminum and processed aluminum products, in addition to the influence of correction of the yen,product demand for solar battery sector was increased due to the influence of feed-in tariff for renewable energy,
however, product demand for the automobile sector was decreased due to the termination of Eco-car subsidy.
As a result, the entire Aluminum business posted a year-on-year increase in net sales but a decrease inoperating profit.
Ordinary income declined due to a decrease in operating profit from the previous corresponding period.

4

(Others)
Net sales
Operating profit
Ordinary income

FY 2013 Q1-Q2¥168.72.4¥3.0

FY 2014 Q1-Q2¥201.1
2.9¥3.3(Billions of yen)
Increase/decrease (%)¥32.4(19.2%)
0.4(19.7%)¥0.2(9.2%)In the energy-related business, both net sales and operating profit increased due to increased sales of coal andincreased sales of decontamination business related to nuclear power.
The e-waste (used electronics and electrical products) recycling business posted increases in both net
sales and operating profit, since although the amount of process was the same level as the same period of theprevious year, the amount of collection of valuable resources increased and cost reduction had a positive
influence.
The precious metal business posted increases in both net sales and operating profit since, although thejewelry-related sales decreased, the trading volume of gold bullion increased due to large fluctuation in overseas
gold market.
Orders for nuclear energy and engineering services amounted to ¥30.6 billion, up ¥1.4 billion from theprevious corresponding period. The order backlog at the end of the period was ¥25.3 billion, up ¥5.1 billion
from a year earlier.

(2) Explanation of Financial Position
As of September 30, 2013, the Group’s consolidated total assets stood at ¥1,815.0 billion, up ¥3.3 billion fromMarch 31, 2013. This was mainly due to an increase in investment securities.
Total liabilities decreased ¥47.5 billion, to ¥1,297.9 billion, due primarily to a decrease in other current
liabilities.
For the six months ended September 30, 2013 (From April 1, 2013 to September 30, 2013), status andvariable factors of each cash flow are as follows:(Cash Flows from Operating Activities)
Net cash provided by operating activities amounted to ¥34.3 billion, due mainly to the stable performance despitea decrease in notes and accounts payable-trade.
(Cash Flows from Investing Activities)
Net cash used in investing activities totaled ¥47.1 billion, due mainly to expenses related to investments in
subsidiaries..
(Cash Flows from Financing Activities)
Net cash used in financing activities totaled ¥7.7 billion, due mainly to payment of cash dividends.
As a result of the above, cash and cash equivalents at September 30, 2013, stood at ¥49.0 billion, down ¥14.2
billion from March 31, 2013.

(3) Explanation of Forecast and Other Future Predictions
Regarding business environment surrounding the Group, domestic economy is in a recovery trend and demand for
cement is continued to be promising due to reasons including increase of housing construction and full swing
demand for reconstruction from the earthquake disaster. On the other hand, there are some negative factors
including concerns about a possible decrease of demand in semiconductor related market.
Under these circumstances, there is no change in consolidated forecasts for the full-year period ending March,
2014. (Those forecasts were announced on May 10, 2013.).
In the medium-term management plan, the Group will seek to become the strongest integrated business entity
in this resource-recycling society by developing overseas markets, especially newly emerging markets, andexploiting synergy created from the distinct features of an integrated management structure (“Materials
Premium”) while focusing on both our growth strategy and enhancement of our financial position.

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.

63. Consolidated Financial Statement(1) Consolidated Balance Sheets[September 30, 2013 and March 31, 2013](Millions of yen)
As of March 31, 2013

As of September 30, 2013

Cash and deposits¥64,416¥50,267

Notes and accounts receivable-trade211,748

213,202

Merchandise and finished goods

79,941

85,986Work in process

98,948100,774

Raw materials and supplies

103,463

105,583

Other

222,342

199,813

Allowance for doubtful accounts(1,929)(2,149)Total Current Assets

778,931753,479

Machinery and equipment, net

190,682

193,375

Land, net

271,517274,057

Other, net

196,774

204,354

Total Property, Plant and Equipment

658,974

671,787

Goodwill

38,76041,945

Other

9,520

9,929

Total Intangible Assets

48,281

51,874

Investment securities

271,754280,281

Other

61,24564,572

Allowance for investment loss

(1,748)(1,168)

Allowance for doubtful accounts(5,672)(5,755)

Total Investments and Other Assets

325,579

337,930

1,032,835

1,061,592¥1,811,767¥1,815,071

ASSETS
Current Assets:

Noncurrent Assets:
Property, Plant and Equipment:

Intangible Assets:

Investments and Other Assets:

Total Noncurrent Assets
Total Assets

7

(Millions of yen)
As of March 31, 2013

As of September 30, 2013

Gold payable
Other¥105,889
287,942－
26,0006,653
13,654232,002124,194¥104,044
301,944
30,000－7,189
11,891
206,81390,497

Total Current Liabilities

796,337

752,380

110,040
268,998
59,601
7,745
102,813

95,140277,183
58,664
8,327
106,278

549,198545,593

1,345,535

1,297,974

119,457
92,272
158,456(1,692)

119,457
92,272
185,867(1,736)368,495

395,861

40,516(1,189)34,830(37,422)

46,414149
33,703(24,000)

36,73556,266

Minority interests

61,00164,969Total Net Assets

466,231517,097¥1,811,767¥1,815,071

LIABILITIESCurrent Liabilities:
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds payable
Commercial papers
Income taxes payable
Provision

Noncurrent Liabilities:
Bonds payable
Long-term loans payable
Provision for retirement benefits
Other provision
Other
Total Noncurrent Liabilities
Total Liabilities
NET ASSETS
Shareholders’ Equity:
Capital stock
Capital surplus
Retained earnings
Treasury stock
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
Total Accumulated Other Comprehensive Income

Total Liabilities and Net Assets8(2) Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income
Consolidated Statement of Operations[For the Six Months Ended September 30, 2012 and 2013](Millions of yen)
Six Months Ended Sep. 30, 2012

Six Months Ended Sep. 30, 2013

(Apr. 1, 2012―Sep. 30, 2012)(Apr. 1, 2013―Sep. 30, 2013)

Net Sales¥635,636¥703,688

Cost of sales

542,022599,971

Gross Profit

93,614

103,716

Selling, General and Administrative Expenses

67,14870,379Operating Profit

26,46533,336

Interest income

329

243

Dividends income

13,906

7,172

Equity in earnings of affiliates

2,261

2,201

Rent income on noncurrent assets

2,385

2,343

Other

1,723

979

Total Non-Operating Profit

20,605

12,940Interest expenses

5,397

5,005

Other

6,725

5,786

Total Non-Operating Expenses

12,122

10,791

34,94935,485Gain on sales of noncurrent assets

76

4,075

Gain on sales of investment securities

10

1,412

Other

3,646

1,328

Total Extraordinary Income

3,734

6,815

－

1,559

Loss on valuation of investment securities

6,515

114

Other

3,801

1,020

Total Extraordinary Loss

10,316

2,694

Income before Income Taxes

28,366

39,606

Income taxes

7,474

7,932

Income before minority interests

20,892

31,673

Minority interests in income

4,613

2,433

¥16,278¥29,239

Non-Operating Profit:

Non-Operating Expenses:

Ordinary Income
Extraordinary Income:Extraordinary Losses:
Loss on product warranties

Net Income

9Consolidated Statement of Comprehensive Income[For the Six Months Ended September 30, 2012 and 2013](Millions of yen)

Income before minority interests
Other comprehensive income
Valuation difference on securities available for sale
Deferred gains or losses on hedges
Foreign currency translation adjustment
Equity in earnings of affiliates
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of theparent company
Comprehensive income for attributable to minority
interests

10

Six months ended Sep. 30, 2012

Six months ended Sep. 30, 2013

(Apr. 1, 2012―Sep. 30, 2012)(Apr. 1, 2013―Sep. 30, 2013)¥20,892¥31,673(12,215)
1,020
920
553
(9,720)11,171

5,916
395
15,1003,838
25,25056,924

6,077

50,273

5,093

6,651

(3) Consolidated Statement of Cash Flows[For the Six Months Ended September 30, 2012 and 2013](Millions of yen)Six months ended Sep. 30, 2012

Six months ended Sep. 30, 2013

(Apr. 1, 2012―Sep. 30, 2012)(Apr. 1, 2013―Sep. 30, 2013)

Net Cash Provided by (Used in) Operating Activities:
Income before income taxes
Depreciation and amortization
Increase (decrease) in provisionInterest and dividends income
Interest expenses
Equity in (earnings) losses of affiliates
Loss (gain) on sales of property, plant and equipment
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivables-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes refund (paid)
Net Cash Provided by (Used in) Operating Activities
Net Cash Provided by (Used in) Investing Activities:
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of investments in subsidiaries
Other, net
Net Cash Provided by (Used in) Investing Activities
Net Cash Provided by (Used in) Financing Activities:
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of bond
Redemption of bonds
Increase (decrease) in commercial papers
Purchase of treasury stock
Payment of cash dividends
Cash dividends paid to minority shareholders
Other, net
Net Cash Provided by (Used in) Financing Activities
Effect of Exchange Rate Change on Cash and Cash Equivalents
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Period
Increase (Decrease) in Cash and Cash Equivalents Resulting
from Change of Scope of Consolidation
Increase in Cash and Cash Equivalents Resulting from Merger
Increase (Decrease) in Cash and Cash Equivalents Resulting
from Change of Fiscal Term of Subsidiaries
Cash and Cash Equivalents at End of Period
11¥28,366
27,760(2,391)(14,235)
5,397(2,261)
(53)
6,515
5,530
4,285
(22,117)
12,344
49,14014,608(5,392)(8,680)49,675¥39,606
28,294(1,528)(7,415)
5,005(2,201)(4,162)
114
5,819(5,621)(7,038)(12,440)
38,431
8,409(5,237)(7,273)34,329(24,548)665(15,059)
15
(387)
(498)
(39,813)(29,473)
10,267(2,800)4,354(28,780)(687)(47,119)(3,817)
7,262(55,068)
35,000(10,000)
14,000(233)(2,623)(2,833)(1,342)(19,657)(2,352)(12,148)
69,499(460)
60,410(46,910)
15,100－(26,000)(45)(5,242)(2,998)(1,632)(7,779)4,380(16,188)
63,299

1,434

2,007

106

－

8,484

(62)

¥67,376¥49,055

(4) Notes on Consolidated Financial Statement
Notes on Assumptions for Going Concern: N/A
Segment Information[Segment Information]
I. For the six months ended September 30, 2012 (From April 1, 2012 to September 30, 2012)
Sales and Income of Reporting Segments(Millions of yen)
Advanced
Materials &Tools

Electronic
Materials &Components

CementMetals(1)Outside
Customers¥77,445¥247,409¥56,266¥30,820(2)Within
Consolidated
Group

1,300

58,99014,254

Total

78,745306,400

Segment
income¥4,269¥18,913

AluminumAmountIndicated intheStatements ofOperations

Adjustment
AmountOthersTotal¥75,566¥148,129¥635,636－¥635,636

2,957

560

20,58698,650(98,650)－

70,52033,77876,126

168,715734,286(98,650)

635,636¥5,634¥2,404¥4,302¥3,035¥38,558¥(3,609)¥34,949

Net sales

Notes:
1. “Others” includes nuclear energy-related services, precious metals, environmental and recycling-related
business, real estate business, and engineering-related services.
2. Included in the segment income adjustment amounted (-¥3,609 million) are segment eliminations (¥267
million) and corporate expenses that cannot be allocated to specific segments (-¥3,877 million).
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
statements of operations.

II. For the six months ended September 30, 2013 (From April 1, 2013 to September 30, 2013)
Sales and Income of Reporting Segments(Millions of yen)
Advanced
Materials &Tools

Electronic
Materials &Components

CementMetals(1)Outside
Customers(2)Within
Consolidated
Group¥85,582¥281,915¥57,954¥23,847

1,619

60,022

14,560Total

87,202

341,937

Segment
income¥6,766¥16,127

Aluminum

Adjustment
amountAmountIndicated intheStatements ofOperations

OthersTotal¥77,098¥177,290¥703,688－¥703,688

10,667476

23,885111,231(111,231)－

72,51534,51477,575201,175

814,919(111,231)

703,688¥7,026¥973¥3,904¥3,315¥38,114¥(2,628)¥35,485

Net sales

Notes:
1. “Others” includes nuclear energy-related services, precious metals, environmental and recycling-related
business, real estate business, and engineering-related services.
2. Included in the segment income adjustment amounted (-¥2,628 million) are segment eliminations (¥561
million) and corporate expenses that cannot be allocated to specific segments (-¥3,190 million).
Corporate expenses consist mainly of management-related costs, basic and experimental researchcosts, and financial income/expenses.
3. Segment income has been adjusted together with ordinary income on the consolidated quarterly
statements of operations.

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