Outline of Consolidated Financial Results of Taiheiyo Cement Corporation
for the First Quarter of Fiscal 2018 ended March 31, 2018
August 9, 2017
Company:
Stock code:
URL:

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

Fiscal 2017 1Q:
Fiscal 2017:
Fiscal 2018 1Q:
Fiscal 2018:

April 1, 2016- June 30, 2016
April 1, 2016- March 31, 2017
April 1, 2017- June 30, 2017
April 1, 2017- March 31, 2018

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 2018 (April 1, 2017 through June 30, 2017)(1) Operating Results
Net Sales

Operating income

Profit attributable toOwners of parent

Ordinary income

Millions of Yen%

Millions ofYen%

Millions of Yen%

Millions of Yen%

199,613
175,427

13.8
△16.4

8,848
5,243

68.7
△54.4

8,752
5,454

60.5
△51.7

4,630
15,276

△69.7
133.1

1Q FY3/18
1Q FY3/17*Comprehensive income : Fiscal 2018 1Q

EPSYen3.75
12.44

1Q FY3/18
1Q FY3/17

Fiscal 2017 1Q 2,629△962

Diluted EPS
Yen––(2) Financial Position
Total assets
Millions of Yen
1,001,986
1,015,415

1Q FY3/18
FY3/17*Equity : Fiscal 2018 1Q

358,756

Total net assets
Millions of Yen
396,047
400,034

Equity ratio%
35.8
35.6

Fiscal 2017 361,819

2. Dividends
1Q
FY3/17
FY3/18
FY3/18(forecast)

Dividend per share
3Q

2Q

4Q

TotalYen

Yen

Yen

Yen

Yen

——

3.00

—

3.00

6.00

3.00

—

30.00

—The Company intends to conduct 1-for-10 consolidation of shares whose effective date will be October 1, 2017.
Therefore, the forecast amount of year-end dividends per share for FY2018 presented above reflects the impact of theconsolidation of shares and the amount of dividends for the full year is not presented (indicated by “-”). The
forecast amount of year-end dividends per share for FY2018 without reflecting the impact of the consolidationof shares is ￥3 and the amount of dividends per share for the full year of FY2018 is ￥6.

3. Consolidated Results Forecast for the Fiscal 2018(April 1, 2017 through March 31, 2018)
Operating income

Net sales
1HFY3/18

406,000%
7.7

Millions of Yen

23,000%7.2

FY3/18853,000

6.8

65,000

2.8

Millions of Yen

Ordinary income

Profit attributable toOwners of parent

EPS%

Yen

22,000%
5.8

Millions of Yen

13,000△ 69.2

10.53

61,0002.0

35,000△26.5

283.44

Millions of Yen

The forecast amount of EPS for the full year of FY2018 reflects the impact of consolidation of shares.
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
OtherAllowance for doubtful accounts
Total current assets
Noncurrent assets
A. Property, plant and equipment
Buildings and structures, netMachinery, 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
Assets for retirement benefits
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets(Millions of Yen)
FY3/17
1Q FY3/18(As of 3/31/17)(As of 6/30/17)
60,516
171,946
31,835
1,708
42,422
25,591△1,125332,895

56,340168,660
31,262
2,192
41,95024,125△1,085
323,445

136,454
135,380
160,571
64,744
497,151

134,048130,294
159,196
70,718494,257

3,409
34,25037,6602,624
33,74436,36884,781
17,35253,908△8,333
147,708
682,520
1,015,415

85,117
16,88854,245△8,337
147,914
678,540
1,001,986

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
Current portion of bonds
Income taxes payable
Provision for bonuses
Other provision
Other
Total current liabilitiesNoncurrent liabilities
Bonds payable
Long-term loans payable
Liability for retirement benefits
Provision for directors’ retirement benefits
Provision for special repairs
Other provision
Asset retirement obligations
OtherTotal 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(Millions of Yen)
FY3/17
1Q FY3/18(As of 3/31/17)(As of 6/30/17)
79,676
134,428
11,120
5,914
5,742
410
71,618308,91076,509134,265
11,120
3,587
4,488
454
81,189311,616

35,035160,346
24,217
568
121
981
7,520
77,677
306,469
615,380

35,010153,221
23,909
502
133
827
7,476
73,241
294,322605,938

86,17459,548228,914△10,911363,725

86,17460,272229,837△10,854
365,429

9,830

10,051

48
5,065△12,862△3,987△125,065△17,888△3,889△1,906△6,67338,215400,034

37,291
396,047

1,015,415

1,001,986

Page 3 of 5

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

Item
Net sales(Millions of Yen)
1Q FY3/17
1Q FY3/18(4/1/16(4/1/176/30/16)
6/30/17)
175,427
199,613

Cost of sales

137,872

155,864

Gross profit

37,55543,749Selling, general and administrative expenses

32,312

34,900Operating income

5,243

8,848

Interest income

127

110

Dividends income

367

386

1,004

869

774
2,274

526
1,893

1,308

1,212

754

776

2,063

1,988

5,454

8,752

284

273

Non-operating income

Equity in earnings of unconsolidated subsidiaries
and affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of property, plant, and equipment
Gain on sales of investment securities
Other
Total extraordinary income
Extraordinary loss
Loss on disposal of property, plant, and equipment
Other
Total extraordinary losses
Income before income taxes and non-controlling interests
Income taxes-current
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

1-0285

14288

232
97717
72

330

789

5,410

8,251

△10,128

3,329

15,538

4,921

262

291

15,276

4,630

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

1Q FY3/17(4/1/166/30/16)
15,538(Millions of Yen)
1Q FY3/18(4/1/176/30/17)
4,921△1,14139△11,090312△18△6,151

1,089

221

△1,806△247△12,909
2,629△5,883△962

4,103△1,474△136△825

Remeasurements of defined benefit retirement plans
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(Information regarding sales and income(loss)by reportable segments)
All yen figures are rounded down to the nearest one million yen.

(Millions of Yen)
1Q FY3/17 (4/1/16 – 6/30/16)
Reportable Segments
MineralConstruction
CementEnvironmental
Resources
Materials
Business
Business
Business
Business
Net sales
Sales to outside
customers
Inter-segment
sales
Total
Segment income

Total

Other

Inter-segment
sales
Total
Segment income

Adjustment

Consolidated
Total

121,697

14,495

14,581

14,014

164,789

10,638

175,427-175,427

2,078

4,435

1,063

999

8,576

4,91413,491△13,491-

123,775
1,948

18,931
1,405

15,645
1,405

15,014358

173,365
5,117

15,553
127

188,919
5,245△13,491△1175,427
5,243

1Q FY3/18 (4/1/17 – 6/30/17)
Reportable Segments
MineralConstruction
CementEnvironmental
Other
Resources
Materials
Total
Business
Business
BusinessBusinessNet sales
Sales to outside
customers

Total

Total

Adjustment

Consolidated
Total

138,714

14,712

17,191

16,710187,329

12,284

199,613-

199,613

3,598

5,433

2,416

973

12,421

4,753

17,174△17,174-

142,312
4,770

20,146
1,668

19,6071,469

17,684
683

199,750
8,591

17,037
110

216,788
8,702△17,174
145

199,613
8,848

Page 5 of 5