Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the Third Quarter of Fiscal 2016 ended March 31, 2016
February 9, 2016
Company:
Stock code:
URL:

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

Fiscal 2015 3Q:
Fiscal 2015:
Fiscal 2016 3Q:
Fiscal 2016:

April 1, 2014- December 31,2014
April 1, 2014- March 31, 2015
April 1, 2015- December 31, 2015
April 1, 2015- March 31, 2016

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 2016 (April 1, 2015 through December 31, 2015)(1) Operating Results
Net Sales
Millions of Yen
626,562
621,990

3Q FY3/16
3Q FY3/15

Operating income%
0.70.3*comprehensive income : Fiscal 2016 3Q

EPS

21,944%

Millions of Yen
42,47150,494-10.0-5.3

Fiscal 2015 3Q 49,072

Diluted EPS
Yen––Yen
21.63
27.61

3Q FY3/16
3Q FY3/15Millions of Yen
43,26448,055

Profit attributable toowners of parent% Millions of Yen%-15.9
26,575-21.7-0.6
33,92743.0

Ordinary income(2) Financial Position
Total assets
Millions of Yen
1,092,694
1,040,602

3Q FY3/16
FY3/15*Equity : Fiscal 2016 3Q

317,301

Total net assets
Millions of Yen
361,803347,490

Equity ratio
%29.0
29.1

Fiscal 2015 302,645

2. Dividends
1Q
FY3/15
FY3/16
FY3/16(forecast)

Dividend per share
3Q
4Q

2Q

TotalYen

YenYen

Yen

Yen——

2.00
3.00——3.00

5.00

3.00

6.00

3. Consolidated Results Forecast for the Fiscal 2016(April 1, 2015 through March 31, 2016)
Net sales
Millions

FY3/16ofYen

845,000

Operating income%
0.3

Millionsof

Yen

60,000%-8.3

Ordinary income
MillionsofYen

58,000%-14.6

Profit attributable toowners of parent
Millions of Yen%
33,000
-25.2

EPS
Yen

26.86

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.

Item
AssetsCurrent 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, netLand
Other, net
Total property, plant and equipment
B. Intangible assets
GoodwillOther
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

FY3/15(As of 3/31/15)(Millions of Yen)
3Q FY3/16(As of 12/31/15)

53,859178,350
28,5872,183
43,252
26,079(2,329)329,981

58,682
184,224
31,8103,979
40,812
25,985(2,262)
343,232

144,291
120,804
164,647
60,821
490,565

139,669
150,357
163,593
71,755525,375

9,297
32,53841,8367,066
39,554
46,621

113,747
20,33850,095(5,961)
178,219
710,6211,040,602

113,456
21,12649,355(6,472)
177,465
749,462
1,092,694

Page 2 of 5

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

Item
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Commercial Papers
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 obligations
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
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

FY3/15(As of 3/31/15)(Millions of Yen)
3Q FY3/16(As of 12/31/15)

85,036
178,816
5,000
20,38010,7305,642
1,060
71,149377,81788,433
175,454
18,000
555
8,931
3,505
431
78,489373,80246,710148,232
26,889514

46,275
191,314
25,684
434

138

138

312
41
7,673
84,783315,295
693,112345
7,926
84,969357,089
730,891

86,17450,757
158,939(934)
294,93786,174
50,807
178,669(976)
314,675

6,908

7,427

2
4,295
649
(4,148)(19)
4,295(5,627)(3,451)

7,707

2,625

44,84544,501

347,490361,803

1,040,602

1,092,694

Page 3 of 5

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

Net sales(Millions of Yen)
3Q FY3/16(4/1/1512/31/15)
626,562
621,990

Cost of sales

475,607483,410Gross profit

146,383

143,152

Selling, general and administrative expenses

98,32899,887

Operating income

48,05543,264Interest income

362422

Dividends income

497

573

6,326

3,476

3,105

3,270

10,2907,742Interest expenses

5,189

4,886

Other

2,661

3,649

7,851

8,535

50,49442,471

1,004

448

Gain on sales of investment securities

81755

Gain on step acquisitions

916

-

4,446

-

Item

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

Non-operating income

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

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of property, plant, and equipment

Gain on forgiveness of debts
Other536

76

6,984

1,281

Loss on disposal of property, plant, and equipment

1,704

1,595

Business structure reform expenses
Other

1,360
593

618

Total extraordinary income
Extraordinary loss

3,657

2,213

Income before income taxes and non-controlling interests

Total extraordinary losses

53,822

41,538

Income taxes-current

14,08913,471

Profit39,732

28,066

Profit attributable to non-controlling interests

5,804

1,491

Profit attributable to owners of parent

33,927

26,575

Page 4 of 5Consolidated Statements of Comprehensive Income
All yen figures are rounded down to the nearest one million yen.

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

3Q FY3/15(4/1/1412/31/14)
39,732(Millions of Yen)
3Q FY3/16(4/1/1512/31/15)
28,066

1,742
(41)
5,227

403
(32)
(3,407)

799

700

1,613

(3,785)

9,340
49,072(6,121)
21,944

41,981
7,091

21,493451

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 :Owners of parent
Non-controlling interests

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

(Millions of Yen)
3Q FY3/15 (4/1/14 – 12/31/14)
Reportable Segments
MineralConstruction
CementEnvironmental
Resources
Materials
Business
Business
Business
Business
Net sales
Sales to outside
customers
Inter-segment
sales
TotalSegment Profit(loss)

TotalOtherInter-segment
sales
TotalSegment Profit(loss)

AdjustmentConsolidated
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)

48,0553Q FY3/16 (4/1/15 – 12/31/15)
Reportable Segments
MineralConstruction
CementEnvironmental
Other
Resources
Materials
Total
Business
Business
BusinessBusinessNet sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

431,51552,488

50,50854,631

589,143

37,418626,562-

626,562

7,551

17,087

3,962

4,319

32,921

19,26952.190(52,190)-439,067

69,57554,47058,951

622,065

56,688

678,753(52,190)

626,562

25,619

5,483

5,308

4,083

40,4943,001

43,496(231)

43,264

Page 5 of 5