Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2013 ended March 31, 2013
August 10, 2012
Company:
Stock code:
URL:

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

Fiscal 2012 1Q: April 1, 2011- June 30,2011
Fiscal 2012:
April 1, 2011-March 31, 2012
Fiscal 2013 1Q: April 1, 2012-June 30, 2012
Fiscal 2013:
April 1, 2012-March 31, 2013

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 2013 (April 1, 2012 through June 30, 2012)(1) Operating Results
Net Sales
Millions of Yen
166,761
164,540

1Q FY3/13
1Q FY3/12%
1.3
1.0

Operating income(loss)
Millions of Yen%490–(1,276)–*comprehensive income(loss) : Fiscal 2013 1QEPS%––

Fiscal 2012 1Q (2,210)

Diluted EPS
Yen––Yen(4.38)(5.63)

1Q FY3/13
1Q FY3/1266

Ordinary income(loss)
Net loss
Millions of Yen% Millions of Yen(4,222)–(5,380)(4,223)–(5,299)(2) Financial Position
1Q FY3/13
FY3/12

Total assets
Millions of Yen
977,349
982,231*Equity : Fiscal 2013 1Q 166,514

Total net assets
Millions of Yen
193,326
196,144

Equity ratio
%
17.0
17.3

Fiscal 2012 169,614

2. Dividends
1Q
FY3/12
FY3/13
FY3/13(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

Yen

Yen

Yen

Yen

——

2.00

—

2.00

4.00

2.00

—

2.00

4.00

3. Consolidated Results Forecast for the Fiscal 2013(April 1, 2012 through March 31, 2013)
Net sales

Operating income%
6,500 12.8

Millions of Yen

1HFY3/13

352,000%
1.4

FY3/13728,000

0.0

36,000Millions of Yen

23.3

Ordinary income
%
1,200
7.8

Millions of Yen

28,00051.4

Net income

EPS(3,200)%－(2.61)

10,000

27.5

8.14

Millions of Yen

Yen

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.

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
OtherAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

FY3/12(As of 03/31/12)(Millions of Yen)
1Q FY3/13(As of 6/30/12)

64,505
167,638
26,155
4,773
37,14536,046(1,766)334,496

58,116
159,418
29,121
4,304
39,05335,200(1,873)323,341

150,556
106,117
151,935
53,180461,789

151,516
106,779
152,825
57,455468,576

12,34329,61741,96012,44730,24042,68778,574
71,141(5,730)143,984
647,735
982,23175,921
72,473(5,651)
142,744654,007977,349

Page 2 of 5

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

FY3/11(As of 03/31/12)(Millions of Yen)
1Q FY3/13(As of 6/30/12)

84,300251,71030,366
3,251
4,395
7
4,191
1,468
68,488448,180

81,514259,12230,351
1,834
3,475
7
4,191
1,284
70,048451,830

22,143205,965
24,802550

22,110
198,128
25,304
475

138

138

2,002
286

1,936
303

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

7,103
74,915337,907786,087

8,065
75,729332,192
784,023

86,17450,63685,041(916)
220,935

86,17450,636
77,203(918)
213,096

985

5

20
4,710

20
4,710

Foreign currency translation adjustment(53,678)(47,823)

Item
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds
Income taxes payable
Provision for bonuses
Provision for directors’ bonuses
Provision for loss on assignment of business
Other provision
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Provision for retirement benefits
Provision for directors’ retirement benefits
Provision for loss on business of subsidiaries
and affiliates
Provision for asset removal
Provision for special repairs

Adustments for emplyee retirement benefit ofoverseas subsidiary
Total accumulated other comprehensive
incomeMinority interests in consolidated subsidiaries(3,358)(3,494)(51,321)(46,581)

26,52926,811

Total net assets

196,144

193,326

Total liabilities and net assets

982,231

977,349

Page 3 of 5

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

Item
Net sales(Millions of Yen)
1QFY3/12
1QFY3/13(4/1/11–(4/1/12–6/30/11)
6/30/12)
164,540
166,761

Cost of sales

137,286

137,521

Gross profit

27,25429,239Selling, general and administrative expenses

28,53028,749Operating income(loss)(1,276)490

Interest income

116

110

Dividends income

213

203

Non-operating income

Other
Total non-operating income

1,116

926

1,445

1,240

2,340

2,279

982

2,836

1,069

836

4,392

5,953

(4,223)(4,222)

378

127

144
522

22
150

204
365
932
191

229
215
－173

Non-operating expenses
Interest expenses
Equity in losses of unconsolidated subsidiaries andaffiliates
Other
Total non-operating expenses
Ordinary income(loss)
Extraordinary income
Gain on disposal of property, plant, and equipment
Other
Total extraordinary income
Extraordinary loss
Loss on disposal of non-current assets
Loss on business withdrawal
Loss on disaster
Other
Total extraordinary losses
Income(loss) before income taxes and minorityinterests
Income taxes

1,694

618

(5,394)(4,690)28

864

Net income before minority interests(5,423)(5,554)

Minority interests

(123)

(174)

Net income(loss)(5,299)(5,380)Page 4 of 5

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

Item
Loss before minority interests
Other 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
Share of other comprehensive income of associates accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to abstract :Shareholders of Taiheiyo Cement Corporation
Minority interests(Millions of Yen)
1Q FY3/12
1Q FY3/13
4/1/11 –4/1/12 –06/30/11
06/30/12(5,423)(5,554)
(538)
(7)
1,975

(786)
(0)
4,930

13(135)

1,769

1,613

3,212
(2,210)5,621
66(2,357)
146

(640)
707

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

1QFY3/13 (4/1/12 – 6/30/12)(Millions of Yen)
Industry Segments

MineralEnvironmental
CementResources
Business
Business
Business
Net sales(1) Net sales to107,330
outsidecustomers(2) Intersegment
2,519
net sales
Total
109,849
Segment profit(913)(loss)

Ceramics
Construction&Materials Electronic Subtotal
Businesss
Business

Total

9,882

166,761—

166,761

8,804

5,566

14,371(14,371)—

15,448181,133(14,371)

166,761

622

365

124

490

16,13913,551

16,4273,430 156,879

3,972

1,303

999

20,112

14,855

17,4273,439 165,684

326

1,316

(360)

(624)

9

Eliminations or Consolidated
corporate assets
total

Other

(256)

Page 5 of 5