Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the Third Quarter of Fiscal 2020 ended March 31, 2020
February 7, 2020
Company: Taiheiyo Cement Corporation
Fiscal 2019 3Q:
Stock code: 5233
Fiscal 2019:
URL:
https://www.taiheiyo-cement.co.jp/english/index.html Fiscal 2020 3Q:
Fiscal 2020:

April 1, 2018 - December 31, 2018
April 1, 2018 - March 31, 2019
April 1, 2019 - December 31, 2019
April 1, 2019 - March 31, 2020

The accompanying consolidated financial results are not intended to present the financial results in accordance withaccounting 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 2020 (April 1, 2019 through December 31, 2019)(% of change from previous third quarter)(1) Operating Results
Net Sales
Millions of Yen
662,992
692,554

3Q FY3/20
3Q FY3/19

Operating income% Millions of Yen(4.3)
42,156
6.0
49,724

Ordinary income% Millions of Yen
42,405(15.2)
49,111
2.1

Profit attributable toOwners of parent% Millions of Yen(13.7)
30,541(1.1)
34,077%(10.4)
4.8* Comprehensive income : Fiscal 2020 3Q 30,089 (-4.5%) Fiscal 2019 3Q 31,505 (-6.0%)

EPS
Yen
249.55275.393Q FY3/20
3Q FY3/19

Diluted EPS
Yen－－(2)Financial Position
Total net assets
Total assets
Millions of Yen Millions of Yen
3Q FY3/20
1,053,774
472,762
1,034,428
FY3/19450,645* Equity : Fiscal 2020 3Q 436,471

2.

Equity ratio%
41.4
40.1

Fiscal 2019 414,709

Dividends
1Q
Yen
－－

FY3/19FY3/20FY3/20(forecast)

Dividend per share
3Q2Q
Yen
Yen
50.00
－30.00
－4Q
Yen
30.00

TotalYen
80.00

30.00

60.00

* The dividend per share of the Second Quarter of Fiscal 2019 ended March 31, 2019
includes an ordinary dividend of 30.00 yen and commemorative dividend of 20.00 yen.

3. Consolidated Results Forecast for the Fiscal 2020 (April 1, 2019 through March 31, 2020)(% of change from the corresponding period of the previous year)

Net sales
Millions of Yen

FY3/20892,000

Operating income% Millions of Yen
60,000(2.6)

Ordinary income% Millions of Yen(9.1)
59,000

Profit attributable toOwners of parent% Millions of Yen
40,000(8.3)%(7.9)EPS
Yen
326.82* 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 materiallyfrom 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 assetsCash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current 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
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

FY3/19(As of 3/31/19)

3Q FY3/20(As of 12/31/19)

56,561
180,535
12,99831,1382,268
43,314
15,135(646)
341,30754,172
174,858
15,66130,0333,450
47,117
16,929(615)
341,608

135,653
134,649
157,638
92,998
520,939

137,363
153,105
157,866
87,795536,129321
30,55330,875

212
29,39829,61083,692
17,80747,238(7,432)
141,306
693,120
1,034,428

89,317
18,55645,918(7,367)
146,425
712,166
1,053,774

Page 2 of 5

All yen figures are rounded down to the nearest one million yen.
(Millions of Yen)

ItemLiabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Commercial papers
Current portion of bonds
Income taxes payable
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit Liability
Provision for retirement benefits for directors
Provision for special repairs
Other provisions
Asset retirement obligations
OtherTotal non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Accumulated remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

FY3/19(As of 3/31/19)

3Q FY3/20(As of 12/31/19)

96,275
8,716
135,381
4,000
10,000
8,376
6,046
220
80,373349,390

91,4196,717
136,540
27,000
4,440
3,254
185
84,800354,358

30,000100,233
24,206
535
75
757
7,619
70,964
234,392
583,783

30,00090,88923,656
482
114
768
7,365
73,376
226,653
581,012

86,17460,408294,265(16,081)424,767

86,17460,424317,416(16,098)
447,916

8,688
(3)
5,019
(20,128)(3,632)(10,057)
35,935
450,645
1,034,428

10,996(0)
5,003(24,101)(3,342)(11,444)
36,290472,762
1,053,774

Page 3 of 5

Consolidated Statements of Income
All yen figures are rounded down to the nearest one million yen.
(Millions of Yen)Item
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of non-current assets
Gain on sales of investment securities
Compensation income
Other
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Other
Total extraordinary losses
Income before income taxes and non-controlling interests
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

3Q FY3/19(4/1/18-12/31/18)
692,554
537,810
154,743
105,018
49,724

3Q FY3/20(4/1/19-12/31/19)
662,992
520,094
142,897
100,741
42,156

407
988
2,503
2,234
6,132

357
1,032
2,690
2,323
6,404

2,989
3,755
6,745
49,111

2,968
3,186
6,155
42,405

510
469
154
1,135

647
169
2,730
47
3,595

1,598
678
2,276
47,96912,30735,662
1,585
34,077

2,794
402
3,196
42,804
10,972
31,832
1,290
30,541

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

Item
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to :Owners of parent
Non-controlling interests

3Q FY3/19(4/1/18-12/31/18)
35,6623Q FY3/20(4/1/19-12/31/19)
31,832(2,420)(22)(1,574)16(155)(4,157)31,5052,514
3(4,214)281(328)(1,743)30,08930,367
1,137

29,170918

Page 4 of 5

Consolidated Segment Information
All yen figures are rounded down to the nearest one million yen.
(Millions of Yen)
3Q FY3/19 (4/1/18 – 12/31/18)
Reportable Segments
CementBusiness

MineralResources
Business

Environmental
Business

Construction
Materials
Business484,140

44,85865,00756,962Adjustment

Consolidated
Total

692,554-

692,554

OtherTotal

650,969

41,585Total

Net sales
Sales to outside
customers
Inter-segment
sales
Total

7,443

18,919

5,738

3,205

35,307

19,82655,134(55,134)-

491,584

63,77870,74560,168686,276

61,411

747,688(55,134)

692,554

Segment income

32,522

6,248

5,002

3,047

46,8192,862

49,6824249,724

Adjustment

ConsolidatedTotal

3Q FY3/20 (4/1/19 – 12/31/19)
Reportable Segments
CementBusiness

MineralResources
Business

Environmental
Business

Construction
Materials
Business

467,542

42,01957,75656,916

Other

Total

624,234

38,757

662,992-

662,992

Total

Net sales
Sales to outside
customers
Inter-segment
sales
Total

8,192

18,658

5,657

3,138

35,647

16,75752,404(52,404)-

475,734

60,67863,41360,055

659,881

55,515715,397(52,404)

662,992

Segment income

25,303

5,526

5,712

3,363

39,9072,105

42,013142

42,156

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