November 13, 2012
Taiheiyo Cement Announces Disparities Between Forecast and Results for
2Q FY3/13 and Revises Full-Year Forecasts
Taiheiyo Cement Corporation announced the disparities outlined below between its financial
results for the second quarter of fiscal 2013 (April 1, 2012–September 30, 2012), announced
today, and its earnings forecasts for the period released on May 15, 2012.
Taiheiyo Cement also announced the revisions, outline below, to its earnings forecasts for thefull year to March 2013 in light of recent earnings trends.
1. Forecast–results disparities for the second quarter of fiscal 2013 (April 1, 2012–September 30, 2012)
Consolidated

Previous forecasts (A)Results (B)Difference (B) − (A)Percent difference (%)
Ref: 2Q FY3/12 results

Net sales

OperatingincomeOrdinary
incomeNet income

Net income
per share

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

352,000
353,5191,519
0.4
347,203

6,500
10,625
4,125
63.5
5,763

1,200
4,567
3,367
280.6
1,113

(3,200)539
3,739―(3,383)(2.61)
0.44――(3.45)

Net income
per share

Non-consolidatedPrevious forecasts (A)Results (B)Difference (B) − (A)Percent difference (%)
Ref: 2Q FY3/12 results

Net sales

OperatingincomeOrdinary
incomeNet income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

140,000
140,578578
0.4
128,750

6,500
10,001
3,501
53.9
6,811

6,000
10,325
4,325
72.1
7,314

3,000
7,449
4,449
148.3
4,244

2.43
6.03
――4.29Page 1 of 2

2. Revised forecasts for the full year (April 1, 2012–March 31, 2013)
Consolidated

Previous forecasts (A)Revised forecasts (B)Change (B) − (A)Percent change (%)
Ref: FY 2012 results

Net sales

Operatingincome

Ordinary
incomeNet income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

728,000
735,000
7,000
1.0
727,849

36,00040,0004,000
11.1
29,18528,00030,5002,500
8.9
18,496

10,00010,000
―
―
7,845

8.14
8.14
―
―
7.16

Net income
per share

Net income
per share

Non-consolidated

Previous forecasts (A)Revised forecasts (B)Change (B) − (A)Percent change (%)
Ref: FY 2012 results

Net sales

Operatingincome

Ordinary
incomeNet income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

293,000
298,000
5,000
1.7
273,184

27,50033,0005,500
20.0
23,58424,50030,0005,500
22.4
22,908

11,50014,0002,500
21.7
17,029

9.30
11.32
―
―
15.43

3. Reasons for forecast–results disparities and full-year earnings forecast revisions(1) Forecast–results disparities
Consolidated ordinary income and net income, also non-consolidated ordinary income and net
income were higher than our previously announced forecasts thanks to increase domestic cement
sales by volume etc. Net income was also higher than forecast due to ordinary income growth andpreviously progress in disposal of fixed assets.
(2) Forecast revisions
We revise our previously announced forecasts, because of expecting increased domestic cementsales volume and further production cost reduction efforts of raw materials and fuel etc.
Note: Forecasts in this document are based on information currently available and certain assumptions deemed reasonable.
Actual results may differ significantly for a variety of reasons, including economic conditions, market demand, input
and fuel prices, and foreign exchange rates.

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