Metal One Corporation and Subsidiaries
Financial Results for the Year Ended March 2016
13th Term(April 1, 2015 to March 31, 2016)

May 27, 2016
7-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo

Metal One Corporation

Metal One Corporation

Consolidated Balance Sheet(In ¥ million)
AssetsItem
Current assets

Liabilities and Net Assets

Previous fiscal year
(March 31, 2015)

Current fiscal year
(March 31, 2016)

Change(amount)

Item

Current fiscal year
(March 31, 2016)

Change(amount)

816,624

673,856-142,768

591,297466,202-125,095

Cash and deposits

28,332

21,382-6,950Notes and accounts payable

284,624

241,305-43,319

Notes and accounts receivable

470,123

414,712-55,411

Short-term debt

274,892

193,388-81,504

Inventories

245,895

196,353-49,542

Other accounts payable

13,647

12,141-1,506

Advance payments to suppliers

7,289

6,086

-1,203

Accrued expenses

3,355

3,560

205

Other accounts receivable

21,30615,995-5,311

Accrued income taxes

3,479

3,977

498

Short-term deferred tax assets

3,205

3,411

206

Advances from customers

2,900

3,346

446

Other current assets

44,057

19,555-24,502Reserve for bonuses

4,443

3,986

-457

Allowance for doubtful receivables-3,583-3,638

-55

Other

3,957

4,499

542

Non-current assets

279,704

244,120-35,584

Non-current liabilities

119,056

92,814-26,242

Tangible assets

119,838

106,051-13,787

Long-term debt

97,06875,742-21,326

Intangible assets

7,737

6,822

-915

Long-term deferred tax liabilities

15,897

11,068-4,829Goodwill

1,325

1,046

-279

Net defined benefit liabilities

2,804

3,024

220

Other intangible non-current assets

6,412

5,776

-636

Other

3,287

2,980

-307

152,129

131,247-20,882

144,951

124,273-20,678

50

51

1

Total liabilities

710,353

559,016-151,337

Long-term deferred income taxes

1,377

1,446

69

Shareholders’ equity

310,193

315,377

5,184

Other

8,605

8,202

-403

Common stock

100,000

100,000

0

Allowance for doubtful receivables-2,854-2,725129

Capital surplus

50,00050,662662

Retained earnings

160,193

164,715

4,522-20,068

Investments and other assets

Investments
Long-term loans

Current liabilities

Previous fiscal year(March 31, 2015)

32,121

12,053Net unrealized gains on securities

20,812

14,578-6,234Foreign currency translation adjustments

11,175-2,494-13,669

Total other comprehensive income

134

-31

-165

Noncontrolling interests

43,661

31,530-12,131

Total net assets

385,975

358,960-27,015

1,096,328

917,976-178,352

Remeasurement of defined benefit plans

Total assets

1,096,328

917,976-178,352

Total liabilities and net assets

Metal One Corporation

Statements of Consolidated Income(In ¥ million)
Previous fiscal year
April 1, 2014 toMarch 31, 2015

ItemCurrent fiscal year
April 1, 2015 toMarch 31, 2016

Year-on-year
Change(amount)

Change(percentage)

Sales

2,421,600

1,974,026-447,574-18.5%

Cost of sales

2,303,883

1,869,561-434,322-18.9%

Gross profit

117,717

104,465-13,252-11.3%(Gross profit ratio)(4.9%)(5.3%)

Selling, general and administrative expenses

91,562

85,216-6,346-6.9%

Operating income

26,155

19,249-6,906-26.4%

Non-operating income

5,334

6,446

1,112

20.8%

(Interest income)( 661)( 643)-18-2.7%(Dividend income)( 1,463)( 1,734)

271

18.5%

( 582)( 1,907)

1,325

227.7%(Other non-operating income)( 2,628)( 2,162)-466-17.7%

Non-operating expenses

5,581

5,348

-233

-4.2%

(Interest expense)( 3,820)( 3,299)-521-13.6%(Other non-operating expenses)( 1,761)( 2,049)

288

16.4%

Ordinary income

25,90820,347-5,561-21.5%

Extraordinary gain

12,771

11,855

-916

-7.2%

Extraordinary loss

4,343

3,380

-963

-22.2%

Income before income taxes

34,33628,822-5,514-16.1%

Current

9,456

11,884

2,428

25.7%

Defferred-74-914-840

1,135.1%

Net income

24,954

17,852-7,102-28.5%Net income attributable to noncontrolling interests

2,231

1,105-1,126-50.5%

Net income attributable to owners of the parent

22,723

16,747-5,976-26.3%(Equity in earnings of affiliated companies)

Income taxes: