TOSHIBA PLANT SYSTEMS & SERVICES : Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2015

Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2015

Translation‌‌

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2015 (Based on Japanese GAAP)

Company name: Toshiba Plant Systems & Services Corporation Stock exchange listing: Tokyo

Stock code: 1983 URL http://www.toshiba-tpsc.co.jp

President and Chief Executive Officer,

January 28, 2016

Representative:

Representative Director

Ryo Matsukawa

Inquiries: Senior Manager, Administration Department Kengo Tanabe TEL [phone] Scheduled date to file Quarterly Securities Report: February 4, 2016

Scheduled date to commence dividend payments: - Preparation of supplementary material on quarterly financial results: No Holding of quarterly financial results meeting: No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended December 31, 2015 (from April 1, 2015 to December 31, 2015)

2. Consolidated operating results (cumulative) Percentages indicate year-on-year changes

   
   

   Net sales		Operating income		Ordinary income		Profit attributable to owners of parent
   Nine months ended December 31, 2015	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   	128,068	(6.7)	9,368	(0.6)	9,442	(6.9)	5,890	(6.5)
   Nine months ended December 31, 2014	137,250	35.6	9,428	65.3	10,142	65.4	6,299	78.1

   
   

   Earnings per share	Diluted earnings per share
   Nine months ended December 31, 2015	Yen	Yen
   	60.46	-
   Nine months ended December 31, 2014	64.66	-

   
   

3. Consolidated financial position

   Total assets	Net assets	Equity ratio
   As of December 31, 2015	Millions of yen	Millions of yen	%
   	221,858	119,832	53.9
   As of March 31, 2015	229,436	116,059	50.4

   
   

4. Cash dividends

   Annual dividends per share
   1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   Year ended March 31, 2015	Yen	Yen	Yen	Yen	Yen
   	-	7.50	-	0.00	7.50
   Year ending March 31, 2016	-	25.00	-
   Year ending March 31, 2016 (Forecast)	12.50	37.50

   
   

5. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)

   Percentages indicate year-on-year changes

   
   

   Net sales		Operating income		Ordinary income		Profit attributable to owners of parent		Earnings per share
   Full year	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	220,000	0.6	18,000	6.2	18,300	3.5	12,000	19.5	123.18

6. Notes

(1) Changes in significant subsidiaries during the nine months ended December 31, 2015 (changes in specified subsidiaries resulting in the change in scope of consolidation):

No




(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No




1. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

   Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
   Changes in accounting policies due to other reasons:	No
   Changes in accounting estimates:	No
   Restatement of prior period financial statements:	No

   
   

2. Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of December 31, 2015

97,656,888

shares

As of March 31, 2015

97,656,888

shares

Number of treasury shares at the end of the period

As of December 31, 2015

242,846

shares

As of March 31, 2015

242,415

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31, 2015

97,414,300

shares

Nine months ended December 31, 2014

97,415,094

shares

Quarterly consolidated financial statements Consolidated balance sheets

(Millions of yen)
As of March 31, 2015	As of December 31, 2015
Assets
Current assets
Cash and deposits	5,857	7,808
GROUP FINANCE DEPOSITS	64,871	57,239
Notes receivable, accounts receivable from completed construction contracts and other	111,384	86,903
Costs on uncompleted construction contracts	19,696	43,520
Other	8,815	7,970
Allowance for doubtful accounts	(210)	(481)
Total current assets	210,414	202,962
Non-current assets
Property, plant and equipment	6,819	6,772
Intangible assets	275	261
Investments and other assets
Other	12,048	11,982
Allowance for doubtful accounts	(121)	(121)
Total investments and other assets	11,927	11,861
Total non-current assets	19,021	18,896
Total assets	229,436	221,858
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts and other	50,782	42,329
Income taxes payable	5,659	922
Advances received on uncompleted construction contracts	11,024	16,215
Provision for directors' bonuses	79	62
Provision for warranties for completed construction	500	67
Provision for loss on construction contracts	-	27
Other	12,919	10,605
Total current liabilities	80,965	70,229
Non-current liabilities
Provision for directors' retirement benefits	22	25
Net defined benefit liability	32,071	31,514
Other	317	256
Total non-current liabilities	32,411	31,796
Total liabilities	113,376	102,026




(Millions of yen)
As of March 31, 2015	As of December 31, 2015
Net assets
Shareholders' equity
Capital stock	11,876	11,876
Capital surplus	20,910	20,910
Retained earnings	85,919	89,374
Treasury shares	(163)	(163)
Total shareholders' equity	118,543	121,997
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	188	349
Deferred gains or losses on hedges	(220)	(161)
Foreign currency translation adjustment	733	300
Remeasurements of defined benefit plans	(3,516)	(2,967)
Total accumulated other comprehensive income	(2,814)	(2,478)
Non-controlling interests	330	313
Total net assets	116,059	119,832
Total liabilities and net assets	229,436	221,858