October 26, 2016
Registered Company Name: Hitachi Kokusai Electric Inc. Stock Listings: Tokyo Code No: 6756
URL: http://www.hitachi-kokusai.co.jp/global/
Representative: Kaichiro Sakuma, President, CEO and Director
Contact: Akira Horiuchi, General Manager of CSR Center Telephone: +81 (0)3-6734-9401 Scheduled date of filing of quarterly report: November 11, 2016
Planned Start Date for Dividend Payments: December 1, 2016 Preparation of supplementary material for financial results: Yes
Holding of financial results meeting: Yes (for analysts and institutional investors)
(All figures are rounded off to the nearest million yen)
Consolidated Financial Results (For the six months ended September 30, 2016)
Consolidated Results of Operations (Percentages indicate percentage increase or decrease year-on-year)
Revenues
Adjusted Operating Income
Income before income taxes
Net Income
Net income attributable to owners of the parent
Comprehensive income
Million
Yen
%
Million
Yen
%
Million
Yen
%
Million
Yen
%
Million
Yen
%
Million
Yen
%
72,164
(20.6)
3,019
(70.0)
3,294
(68.5)
2,209
(71.3)
2,294
(70.3)
(351)
-
90,940
23.0
10,065
69.1
10,446
95.7
7,685
81.9
7,712
84.4
6,236
9.9
2Q of FY 2016
2Q of FY 2015
Basic earnings per share
Diluted earnings per share
Yen Yen
2Q of FY2016 22.34 -
2Q of FY2015 75.08 -
Consolidated Financial Position
Total Assets Total Equity Equity attributableto
owners of the parent
Ratio of equity attributable to owners of the parent to total assets
Equity attributable to owners of the parent per share
2Q of FY2016
Million Yen
173,000
Million Yen
92,602
Million Yen
92,432
%
53.4
Yen
899.97
FY2015
174,569
96,087
95,964
55.0
934.35
Dividends
Dividend per Share
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
Yen
-
-
Yen 14.00
10.00
Yen
-
Yen
26.00
Yen
40.00
-
16.00
26.00
FY2015 FY2016
FY2016 (Forecast)
(Note) Revision of the latest dividend forecast: Yes
Consolidated Financial Forecast for FY2016 (From April 1, 2016 to March 31, 2017)
(Percentages indicate percentage increase or decrease year-on-year)
Revenues Adjusted Operating Income
Income before
income taxes NetIncome
Net income attributable to owners of the parent
Basic earnings per share
Million
Yen %
Million
Yen %
Million
Yen %
Million
Yen %
Million
Yen % Yen
FY2016 169,000 (6.5) 13,600 (15.7) 12,700 (24.2) 8,500 (34.4) 8,500 (34.6) 82.76
(Note) Revision of the latest dividend forecast: Yes
Notes
Changes to significant subsidiaries during the term (changes in specified subsidiaries due to changes in scope) : No
Changes in accounting policies and accounting estimates
[1] Changes in accounting policies requested by IFRS : No [2] Changes other than [1] above : No
[3] Changes in accounting estimates : No
Number of shares issued (common stock) [1] Number of shares at end of period
(Including treasury stock)
[2] Number of treasury stock at end of period
[3] Average number of shares during the period (Quarterly Cumulative Total)
2Q of FY2016 105,221,259 shares FY2015 105,221,259 shares
2Q of FY2016 2,515,767 shares FY2015 2,514,706 shares 2Q of FY2016 102,706,075 shares 2Q of FY2015 102,720,794 shares
(Notes)
Information regarding the implementation of review procedureThis quarterly financial report is exempt from the review procedure based upon the Financial Instruments and Exchange Act. It is under the review procedure process at the time of disclosure of this report.
Explanation on the appropriate use of financial forecasts and other important itemsThe forecasts figures are based on information currently available to the Company and certain assumptions deemed to be reasonable. This material does not represent promises or guarantees regarding the forecasts and due to various factors, actual results may vary significantly from these forecasts.
HITACHI KOKUSAI ELECTRIC INC. CONSOLIDATED FINANCIAL STATEMENTSConsolidated Statements of Financial Position (Unaudited) September 30, 2016 and March 31, 2016
Assets
Current assets
Millions of Yen
FY2015 2Q of FY2016
Cash and cash equivalents
47,567
53,928
Trade and other receivables
50,192
37,799
Inventories
37,120
41,932
Other current assets
1,760
1,254
Subtotal
136,639
134,913
Non-current assets
Property, plant and equipment
21,503
21,890
Intangible assets
2,525
3,683
Other financial assets
10,049
8,282
Deferred tax assets
2,784
3,312
Other non-current assets
1,069
920
Total non-current assets
37,930
38,087
Total assets
174,569
173,000
Liabilities
Current liabilities
Millions of Yen
FY2015 2Q of FY2016
Short-term debt
733
1,031
Trade and other payables
36,600
34,335
Accrued expenses
11,087
10,021
Other financial liabilities
222
228
Income tax payable
2,032
1,622
Advances received
3,227
8,129
Provisions
1,972
1,483
Other current liabilities
55
36
Total current liabilities
55,928
56,885
Non-current liabilities
Long-term debt
101
604
Other financial liabilities
-
765
Retirement and severance benefits
22,083
21,834
Provisions
94
52
Other non-current liabilities
276
258
Total non-current liabilities
22,554
23,513
Total liabilities
78,482
80,398
Equity
Equity attributable to owners of the parent
Common stock
10,058
10,058
Capital surplus
17,534
16,914
Retained earnings
68,088
67,712
Other components of equity
3,022
488
Treasury stock, at cost
(2,738)
(2,740)
Total equity attributable to owners of the parent
95,964
92,432
Non-controlling interests
123
170
Total equity
96,087
92,602
Total liabilities and equity
174,569
173,000
Hitachi Kokusai Electric Inc. published this content on 26 October 2016 and is solely responsible for the information contained herein.
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