Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the Third Quarter of Fiscal 2015 ended March 31, 2015
February 10, 2015
Company:
Stock code:
URL:

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

Fiscal 2014 3Q:
Fiscal 2014:
Fiscal 2015 3Q:
Fiscal 2015:

April 1, 2013- December 31,2013
April 1, 2013- March 31, 2014
April 1, 2014- December 31, 2014
April 1, 2014- March 31, 2015

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 2015 (April 1, 2014 through December 31, 2014)(1) Operating Results
3Q FY3/15
3Q FY3/14

Net Sales
Millions of Yen
621,990
620,425

%
0.3
12.5

Operating income
Millions of Yen%
48,055-5.3
50,765 110.8*comprehensive income : Fiscal 2015 3Q 49,072

EPSFiscal 2014 3Q 43,383

Diluted EPS
Yen––Yen
27.61
19.31

3Q FY3/15
3Q FY3/14Ordinary income
Net income
Millions of Yen% Millions of Yen%
50,494-0.6
33,92743.0
50,806 185.3
23,725 233.0(2) Financial Position
Total assets
Millions of Yen
1,067,443
1,015,564

3Q FY3/15
FY3/14*Equity : Fiscal 2015 3Q 275,723

Total net assets
Millions of Yen
317,398
273,312Equity ratio
%25.8
23.7

Fiscal 2014 240,256

2. Dividends
1Q
FY3/14
FY3/15
FY3/15(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

Yen

Yen

Yen

Yen

——

2.00
2.00

——

3.00

5.00

3.00

5.00

3. Consolidated Results Forecast for the Fiscal 2015(April 1, 2014 through March 31, 2015)
Net sales
Millions of Yen

FY3/15

847,000%
0.8

Operating income%
65,000-7.7

Millions of Yen

Ordinary income%
63,000-9.5

Millions of Yen

Net income
Millions of Yen

39,000

EPS%
10.7

Yen

31.74

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.

(Millions of Yen)
ItemAssets
Current assets
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
Noncurrent assets
A. Property, plant and equipment
Buildings and structures, net
Machinery, equipment, and vehicles, net
Land
Other, net
Total property, plant and equipment
B. Intangible assets
Goodwill
Other
Total intangible assets
C. Investments and other assets
Investment securities
Asset for retirement benefits
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

FY3/14(As of 3/31/14)

3Q FY3/15(As of 12/31/14)

59,369176,245
26,113
4,120
39,32334,700(1,568)338,304

65,976
195,765
29,706
4,278
42,42534,851(1,873)371,130

142,417112,379
155,301
60,217
470,316

140,108
113,952
162,398
63,821
480,280

10,89031,33842,228

9,199
30,637
39,83698,89012,13459,991(6,302)
164,714677,259
1,015,564

109,541
13,16560,006(6,516)
176,195
696,3121,067,443

Page 2 of 5

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

ItemLiabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds
Income taxes payable
Provision for bonuses
Other provision
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Liability for retirement benefits
Provision for directors’ retirement benefits
Provision for loss on business of subsidiaries
and affiliates
Provision for special repairs
Provision for asset removal
Asset retirement obligation
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 available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Retirement benefits liability adjustments
Total accumulated other comprehensive
incomeMinority interests in consolidated subsidiaries
Total net assets
Total liabilities and net assets

FY3/14(As of 3/31/14)(Millions of Yen)
3Q FY3/15(As of 12/31/14)

83,691
228,127610
18,0405,538
2,683
70,156
408,848

90,880222,738
20,440
7,189
3,722
1,317
82,326428,61447,090159,291
25,359509

46,830143,855
25,198
502

138

138

357
574
7,230
92,853
333,404
742,252

293
572
7,420
96,618321,430750,044

86,17450,690121,212(936)
257,141

86,17450,769148,719(914)
284,749

5,084

6,767

50
4,252
(16,799)(9,472)△18
4,058(11,158)(8,674)(16,884)(9,025)33,05541,674273,312317,398

1,015,564

1,067,443

Page 3 of 5

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

(Millions of Yen)
3Q FY3/14(4/1/1312/31/13)
620,425

3Q FY3/15(4/1/1412/31/14)
621,990

Cost of sales

474,752475,607

Gross profit

145,673

146,383

Selling, general and administrative expenses

94,90898,328Operating income

50,76548,055

324
440

362
497

2,300

6,3265,660

3,105

8,725

10,290Interest expenses

6,463

5,189

Other

2,221

2,661

Item
Net sales

Non-operating income
Interest income
Dividends income
Equity in earnings of unconsolidated subsidiaries
and affiliates
Other
Total non-operating income
Non-operating expenses

Total non-operating expenses
Ordinary income

8,684

7,851

50,80650,494

1,347

1,004-916

Extraordinary income
Gain on disposal of property, plant, and equipment
Gain on step acquisitions
Gain on forgiveness of debts
Other
Total extraordinary income
Extraordinary loss
Loss on disposal of property, plant, and equipment
Business structure reform expenses-4,446

129

617

1,477

6,984

1,687

1,704

-

1,360

619

593

2,306

3,657

Income before income taxes and minority interests

49,97653,822

Income taxes-current

25,15814,089Net Income before minority interests

24,81839,732

Minority interests in income

1,093

5,804

Net income

23,72533,927

Other
Total extraordinary losses

Page 4 of 5

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

Net income before minority interestsOther 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
Retirement benefits liability adjustments
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 FY3/14
3Q FY3/15(4/1/13(4/1/1412/31/13)
12/31/14)
24,81839,7322,996(23)
11,816

1,742(41)
5,227(207)

--

799

3,981

1,613

18,564
43,3839,340
49,07240,133
3,249

41,981
7,091

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

(Millions of Yen)

CementBusiness
Net sales
Sales to outside
customers
Inter-segment
sales
Total
Segment
income(loss)

Inter-segment
sales
Total
Segment
income(loss)

Total

Adjustment Consolidated
Total

391,479

55,43372,16960,149579,231

41,194620,425―

620,425

9,348

14,967

3,782

3,315

31,413

17,281

48,695(48,695)―

400,828

70,40175,951

63,464

610,645

58,475669,120(48,695)

620,425

34,278

5,600

6,161

2,478

48,5182,353

50,871(106)

50,765

CementBusiness
Net sales
Sales to outside
customers

3Q FY3/14 (4/1/13 – 12/31/13)
Reportable Segments
Construction
MineralEnvironmental
Other
Materials
Total
Resources
Business
Business
Business

3Q FY3/15 (4/1/14 – 12/31/14)
Reportable Segments
MineralConstruction
Environmental
Other
Resources
Materials
Total
Business
Business
Business

Total

Adjustment Consolidated
Total

412,604

54,906

52,83460,731

581,076

40,913621,990―

621,990

8,339

17,280

4,117

3,018

32,75518,06150,817(50,817)―420,943

72,18656,95263,750613,832

58,975

672,808(50,817)621,990

30,630

4,785

5,423

3,125

43,964

4,111

48,075(20)

48,055

Page 5 of 5