Taiheiyo Cement by Numbers — Data Section

Financial Statements
Consolidated Balance Sheets
Item(Unit: million yen)

(Unit: million yen)

End of FY2022 End of FY2023

End of FY2022 End of FY2023(As of March 31, 2022)

AssetsCurrent assets
Cash and deposits
Notes, accounts receivable and contract assets
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets

Buildings and structures
Accumulated depreciation
Buildings and structures (net)
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles (net)Land
Leased assets
Accumulated depreciation
Leased assets (net)
Construction in progress
Other
Accumulated depreciation
Other (net)Total property, plants and equipment

60,271
143,178
23,35434,4091,277
58,502
1,921
17,942(307)
340,550

79,842
158,136
24,826
47,4601,529
89,383
1,459
27,920(150)
430,408

515,145(361,439)

531,889(374,577)

153,705
968,234(797,800)
170,433
156,031
39,955(20,891)
19,06432,67665,708(39,790)
25,917

157,3121,038,534(847,452)
191,081
165,027
26,217(12,819)
13,39834,286
101,217(42,240)
58,977557,829620,083

Intangible assets
Goodwill
Other

80
27,485

101
39,665

Total intangible assets

27,566

39,766

Investments and other assets

Current liabilities

Other

213
86,68584,162
11,613
149,573
27,00010,000
3,687
5,677
2,564
108
91,395

Total current liabilities

309,768

385,784

Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Commercial papers
Current portion of bonds
Income taxes payable
Provision for bonuses
Provision for loss on business withdrawal
Other provisions

Non-current liabilities

79,685
8,751
102,986
21,000
─

4,198
6,246
─

Other

478
13,481
8,703
42,35250,000166,911
18,32921,380
536
227
4,498
1,924
472
26,5149,379
54,045

Total non-current liabilities

248,440

354,221558,208

740,005

Bonds payable
Long-term borrowings
Deferred tax liabilities
Retirement benefit liabilities
Provision for retirement benefits for directors
Provision for special repairs
Provision for product compensation
Provision for loss on business withdrawal
Other provisions
Lease obligations
Asset retirement obligations

Total liabilities

60,00086,60010,02022,701
512
258
3,330
─

Net assets

Shareholders’ equity

Treasury shares

86,17449,729384,154(13,766)

86,17449,729342,880(13,738)

Total shareholders' equity

506,291

465,045
12,03803,610
13,730530

Share capital
Capital surplus
Retained earnings

Allowance for doubtful accounts

117,8392,376
23,697
8,167
27,832(1,309)Total investments and other assets

177,061

178,604

Remeasurements of defined benefit plans

11,737
6
4,897(11,322)(992)

762,457

838,454

Total accumulated other comprehensive income

4,325

29,911

1,103,007

1,268,862

Non-controlling interests

34,18133,899Total net assets

544,799

528,857

1,103,007

1,268,862

Long-term loans receivable
Retirement benefit assets
Deferred tax assets
Other

Total non-current assets
Total assets

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

Total liabilities and net assets

Consolidated Statements of Cash Flows(Unit: million yen)Item

(As of March 31, 2023)

118,359
1,391
22,68011,081
25,431(1,883)

Investment securities

128(As of March 31, 2022)

Liabilities

Non-current assets
Property, plants and equipment

Item(As of March 31, 2023)

Consolidated Statements of Income andConsolidated Statements of Comprehensive Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Amortization of goodwill
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Rental income from real estate
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
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
Loss on sales of investment securities
Loss on valuation of investment securities
Impairment loss
Business withdrawal loss
Product compensation expenses
OtherTotal extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plansShare of other comprehensive income ofentities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent
Comprehensive income attributable tonon-controlling interests

FY2022

FY2023

708,201
532,818
175,382809,542
668,324
141,218

54
128,626
128,681
46,701

46
136,715
136,761
4,456

551
1,641
90
1,913
4,113
8,311

738
1,653
91

2,195

2,746
2,771
2,834
8,352
1,015

(Unit: million yen)

Item

April 1, 2021
From April 1, 2022
( Fromto March 31, 2022 ) ( to March 31, 2023 )

─

2,623
4,819
50,193
6,386
615

─

1,051
8,054

7,301
428
20
2,407

─

3,506
1,762
15,42642,820
11,542
227
11,76931,051
2,079
28,971
31,051

─

2,427
4,911

1,053
1,307
1,766
221
4,348
5,255
442
6
6,061
7,984
1,277
702
21,730(16,366)
7,671
10,20017,872(34,239)(1,032)(33,206)(34,239)(544)

518,596
1,447

369
(5)
25,042
1,389

2,559

2,196

22,063
53,11528,990(5,248)48,324(6,334)

4,790

1,086

Cash flows from operating activities

Profit (loss) before income taxes
Depreciation
Amortization of goodwill
Share of loss (profit) of entities accounted for using equity method
Loss (gain) on valuation of investment securities
Decrease (increase) in net retirement benefit asset and liability
Increase (decrease) in provision for retirement benefits for directors
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on business withdrawal
Increase (decrease) in other provisions
Interest and dividend income
Interest expenses
Loss (gain) on sales of investment securities
Loss (gain) on disposal of non-current assets
Impairment loss
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Cash flows from operating activities

Cash flows from investing activities

FY2022

FY2023

April 1, 2021
From April 1, 2022
( Fromto March 31, 2022 ) ( to March 31, 2023 )

42,82056,01054(1,913)
20(302)8(19)(4,129)─

3,185(2,193)
2,195(187)
914
2,407
(1,904)(15,714)
5,679(4,162)
82,7692,807(2,199)(12,186)
71,191(16,366)
64,41946
2,771
6(1,461)23(574)
(532)
4,452
997
(2,392)
2,746
(865)
4,202
6,061
(18,217)(37,165)
9,376(10,018)
7,508
3,211
(2,740)(8,247)(268)(67,326)
6,458
(440)

1,937
(63,401)
1,820
(595)

(24,123)
1,010(1,991)
2,048

10355

(2,150)
2,458
─
(2)

(1,242)(30,930)(2,082)

Cash flows from investing activities(83,919)(93,344)

Net increase (decrease) in short-term borrowings
Increase (decrease) in commercial papers
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Other(5,936)21,00040,743(34,035)
10,000(10,000)(5,036)(7,648)(1,404)(11,423)(3,742)
2,864(13,606)
63,81923,2376,000
144,264(41,826)

112,080
2,048
20,51550,213

─

50

─

48
70,828Decrease (increase) in time deposits
Purchase of non-current assets
Proceeds from sales of non-current assets
Purchase of other depreciated assets
Proceeds from sales of other depreciated assets
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Proceeds from sales of shares of subsidiaries
resulting in change in scope of consolidation
Loan advances
Collection of loans receivable
Payments for acquisition of businesses
Other

Cash flows from financing activities

Cash flows from financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents
resulting from change in scope of consolidation
Increase in cash and cash equivalents resulting from merger
Cash and cash equivalents at end of period

182

250,213

79660

─
─

(12)
(8,204)(942)(10,435)129