TOSHIBA PLANT SYSTEMS & SERVICES CORPORATION 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.
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,
August 3, 2015
Representative:
Representative Director
Ryo Matsukawa
Inquiries: Senior Manager, Administration Department Kengo Tanabe TEL 045-500-7012
Scheduled date to file Quarterly Securities Report: August 7, 2015
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 three months ended June 30, 2015 (from April 1, 2015 to June 30, 2015)
(1) Consolidated operating results (cumulative) Percentages indicate year-on-year changes
Net sales | Operating income | Ordinary income | Profit attributable to owners of parent | |||||
Three months ended June 30, 2015 Three months ended June 30, 2014 | Millions of yen 32,048 30,531 | % 5.0 20.4 | Millions of yen 2,378 1,647 | % 44.4 329.1 | Millions of yen 2,423 1,838 | % 31.8 264.1 | Millions of yen 1,541 1,053 | % 46.4 220.1 |
Earnings per share | Diluted earnings per share | |
Three months ended June 30, 2015 Three months ended June 30, 2014 | Yen 15.82 10.81 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |
As of June 30, 2015 As of March 31, 2015 | Millions of yen 216,760 229,436 | Millions of yen 117,855 116,059 | % 54.2 50.4 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended March 31, 2015 Year ending March 31, 2016 | Yen - - | Yen 7.50 | Yen - | Yen 0.00 | Yen 7.50 |
Year ended March 31, 2015 Year ending March 31, 2016 | Yen - - | ||||
Year ending March 31, 2016 (Forecast) | 25.00 | - | 12.50 | 37.50 |
3. 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 | |||||
Six months ending September 30, 2015 Full year | Millions of yen 90,000 220,000 | % (4.6) 0.6 | Millions of yen 6,300 18,000 | % (3.8) 6.2 | Millions of yen 6,500 18,300 | % (7.4) 3.5 | Millions of yen 4,500 12,000 | % 4.1 19.5 | Yen 46.19 123.18 |
1
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 2015
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: No
(3) 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 |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 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 June 30, 2015 242,475 shares As of March 31, 2015 242,415 shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2015 97,414,433 shares Three months ended June 30, 2014 97,415,427 shares
2
Assets
Current assets
(Millions of yen) As of March 31, 2015 As of June 30, 2015
Cash and deposits 5,857 5,544
GROUP FINANCE DEPOSITS 64,871 50,469
Notes receivable, accounts receivable from completed
construction contracts and other
111,384 104,680
Costs on uncompleted construction contracts 19,696 28,302
Other 8,815 9,008
Allowance for doubtful accounts (210) (206) Total current assets 210,414 197,798
Non-current assets
Property, plant and equipment 6,819 6,777
Intangible assets 275 287
Investments and other assets
Other 12,048 12,018
Allowance for doubtful accounts (121) (121) Total investments and other assets 11,927 11,897
Total non-current assets 19,021 18,962
Total assets 229,436 216,760
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
and other
50,782 37,199
Income taxes payable 5,659 1,987
Advances received on uncompleted construction contracts 11,024 12,207
Provision for directors' bonuses 79 98
Provision for warranties for completed construction 500 158
Other 12,919 15,102
Total current liabilities 80,965 66,754
Non-current liabilities
Provision for directors' retirement benefits 22 25
Net defined benefit liability 32,071 31,814
Other 317 311
Total non-current liabilities 32,411 32,151
Total liabilities 113,376 98,905
3
Net assets
Shareholders' equity
(Millions of yen) As of March 31, 2015 As of June 30, 2015
Capital stock 11,876 11,876
Capital surplus 20,910 20,910
Retained earnings 85,919 87,461
Treasury shares (163) (163) Total shareholders' equity 118,543 120,084
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 188 318
Deferred gains or losses on hedges (220) (193) Foreign currency translation adjustment 733 656
Remeasurements of defined benefit plans (3,516) (3,332) Total accumulated other comprehensive income (2,814) (2,551)
Non-controlling interests 330 321
Total net assets 116,059 117,855
Total liabilities and net assets 229,436 216,760
4
Three months ended
June 30, 2014
(Millions of yen) Three months ended
June 30, 2015
Net sales 30,531 32,048
Cost of sales 26,038 26,926
Gross profit 4,493 5,122
Selling, general and administrative expenses 2,846 2,743
Operating income 1,647 2,378
Non-operating income
Interest income 64 48
Dividend income 20 25
Share of profit of entities accounted for using equity method - 1
Other 113 23
Total non-operating income 198 99
Non-operating expenses
Share of loss of entities accounted for using equity method 4 - Foreign exchange losses - 47
Other 2 6
Total non-operating expenses 7 54
Ordinary income 1,838 2,423
Income before income taxes and minority interests 1,838 2,423
Income taxes - current 1,818 1,489
Income taxes - deferred (1,040) (605) Total income taxes 778 883
Profit 1,059 1,539
Profit (loss) attributable to non-controlling interests 6 (1) Profit attributable to owners of parent 1,053 1,541
5
Three months ended
June 30, 2014
(Millions of yen) Three months ended
June 30, 2015
Profit 1,059 1,539
Other comprehensive income
Valuation difference on available-for-sale securities 5 129
Deferred gains or losses on hedges (22) 27
Foreign currency translation adjustment (78) (83) Remeasurements of defined benefit plans, net of tax 181 183
Total other comprehensive income 86 255
Comprehensive income 1,145 1,795
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 1,144 1,805
Comprehensive income attributable to non-controlling
interests
1 (9)
6
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