Balance Sheets (Quarterly)

Transcription

1 Balance Sheets (Quarterly) Assets SHOWA DENKO K.K. (Unit:millions of yen) Q3 Q1 Q2 Q3 Current assets Cash and deposits 89,291 82,745 89, ,208 Notes and accounts receivable - trade 151, , , ,578 Merchandise and finished goods 49,254 59,597 59,722 65,679 Work in process 9,991 18,921 20,258 24,853 Raw materials and supplies 37,737 47,233 47,757 58,405 Other 38,591 41,458 45,178 39,520 Allowance for doubtful accounts (2,174) (2,701) (2,338) (2,323) Total current assets 373, , , ,920 Non-current assets Property, plant and equipment Buildings and structures, net 79,363 84,555 84,762 84,596 Machinery, equipment and vehicles, net 130, , , ,890 Land 242, , , ,877 Other Net 31,757 23,581 19,985 18,617 Total property, plant and equipment 484, , , ,981 Intangible assets Other 11,870 13,490 13,592 14,258 Total intangible assets 11,870 13,490 13,592 14,258 Investments and other assets Investment securities 80,136 86,692 84,985 83,304 Other 24,531 18,992 20,831 20,434 Allowance for doubtful accounts (9,882) (9,715) (10,089) (9,915) Total investments and other assets 94,785 95,969 95,727 93,822 Total non-current assets 591, , , ,061 Total assets 965,126 1,020,105 1,057,846 1,148,981 Liabilities Current liabilities Notes and accounts payable - trade 111, , , ,108 Short-term loans payable 96,587 80,897 77,545 64,805 Current portion of long-term loans payable 55,052 39,162 39,141 36,752 Commercial papers 3,000 18,000 12,000 29,000 Provision 9,626 9,882 3,626 7,500 Income taxes payable - - 9,539 14,962 Other 72,184 71,890 67,495 81,683 Total current liabilities 347, , , ,810 Non-current liabilities Bonds payable 42,000 42,000 42,000 42,000 Long-term loans payable 154, , , ,312 Provision 4,242 6,379 6,165 6,387 Net defined benefit liability 19,445 17,757 16,650 15,864 Other 57,550 61,789 62,037 61,658 Total non-current liabilities 277, , , ,222 Total liabilities 625, , , ,031 Net assets Shareholders' equity Capital stock 140, , , ,564 Capital surplus 61,663 78,911 78,911 78,911 Retained earnings 84, , , ,235 Treasury stock (10,499) (1,652) (1,651) (1,655) Total shareholders' equity 276, , , ,054 Accumulated other comprehensive income Valuation difference on available-for-sale securities 10,183 15,047 14,963 13,500 Deferred gains or losses on hedges 3,234 1,362 2,245 1,789

2 Revaluation reserve for land 31,023 29,532 29,532 29,532 Foreign currency translation adjustment 13,064 8,367 10,213 14,637 Remeasurements of defined benefit plans (10,058) (4,299) (3,924) (3,608) Total accumulated other comprehensive income 47,446 50,008 53,029 55,850 Non-controlling interests 15,829 16,257 17,423 19,046 Total net assets 339, , , ,949 Total liabilities and net assets 965,126 1,020,105 1,057,846 1,148,981 Note: Please refer to "Annual" data for 4Q results.

3 Statements of Income(Quarterly) SHOWA DENKO K.K. (Unit:millions of yen) Q3 Q1 Q2 Q3 Net sales 563, , , ,938 Cost of sales 436, , , ,569 Gross profit 127,453 59, , ,368 Selling, general and administrative expenses 71,509 25,165 52,871 79,873 Operating income 55,944 34,277 77, ,495 Non-operating income Interest income Dividend income ,032 Share of profit of entities accounted for using equity method Reversal of allowance for doubtful accounts Rent income on non-current assets 1, ,024 Miscellaneous income ,779 1,341 Total non-operating income 3,180 2,377 3,453 4,950 Non-operating expenses Interest expenses 2, ,561 2,347 Equity in losses of affiliates 8, Foreign exchange losses - 2, Miscellaneous expenses 6, ,185 2,913 Total non-operating expenses 16,743 3,988 3,746 5,260 Ordinary income 42,381 32,667 77, ,185 Extraordinary income Gain on sales of non-current assets Gain on sales of investment securities Subsidiary liquidation gains Other Total extraordinary income Extraordinary losses Loss on sales and retirement of non-current assets 1, ,663 2,406 Provision of allowance for doubtful accounts 2, Provision for loss on guarantees 3, Other 2, Total extraordinary losses 9, ,019 3,071 Profit before income taxes 32,932 31,799 76, ,652 Income taxes 7,880 5,730 15,217 27,910 Net income 25,052 26,069 60, ,742 Net income attributable to non-controlling interests 1,615 1,410 2,907 4,470 Net income attributable to owners of the parent 23,437 24,659 57,949 99,272

4 Consolidated Statements of Comprehensive Income Profit (loss) 25,052 26,069 60, ,742 Other comprehensive income Valuation difference on available-for-sale securities 5,818 (1,523) (1,607) (3,015) Deferred gains or losses on hedges 2,938 (2,420) (1,536) (1,993) Foreign currency translation adjustment (1,026) (7,297) (5,630) (1,214) Remeasurements of defined benefit plans, net of tax ,099 Share of other comprehensive income of entities accounted for using equity method (48) Total other comprehensive income 8,692 (10,816) (7,987) (5,170) Comprehensive income 33,744 15,253 52,870 98,572 (Comprehensive income attributable to) Comprehensive income attributable to owners of the parent 31,905 14,007 50,318 94,400 Comprehensive income attributable to non-controlling interests 1,840 1,247 2,552 4,172 Note: Please refer to "Annual" data for 4Q results.

5 Statements of Cash Flows SHOWA DENKO K.K. (Unit:millions of yen) Q2 Q2 Q2 Q2 Cash flows from operating activities Income before income taxes and minority interests 53 2,139 12,831 76,073 Depreciation and amortization 21,015 19,596 18,692 19,972 Impairment loss 444 1,552 1, Amortization of goodwill Amortization of negative goodwill - (3) (4) (8) Increase (decrease) in allowance for doubtful accounts 13,127 (1,276) 2,204 - Increase (decrease) in provision for loss on guarantees - - 4,026 - Increase (decrease) in net defined benefit liability (7,714) (2,206) (1,634) (1,905) Interest and dividend income (1,321) (676) (839) (1,080) Interest expenses 2,076 1,609 1,454 1,561 Equity in (earnings) losses of affiliates (1,392) (2,704) 8,728 (594) Loss (gain) on sales and valuation of investment securities (1,663) (58) (142) (258) Loss on retirement of non-current assets 1,307 2,016 1,161 1,637 Loss (gain) on sales of non-current assets 26 (313) (46) (46) Decrease (increase) in notes and accounts receivable - trade 30,554 21,796 4,470 (11,682) Decrease (increase) in inventories 5,911 5,580 (3,354) (14,465) Increase (decrease) in notes and accounts payable - trade (20,898) (16,741) (2,086) 12,785 Other, net (20,508) (8,533) (1,824) (24,923) Subtotal 21,696 21,778 44,984 57,127 Interest and dividend income received 2,741 3,093 2,347 2,153 Interest expenses paid (2,072) (1,574) (1,354) (1,576) Income taxes paid (1,466) (2,330) (3,012) (5,529) Net cash provided by (used in) operating activities 20,900 20,966 42,965 52,176 Cash flows from investing activities Payments into time deposits (19,788) (17,072) (9,528) (131) Proceeds from withdrawal of time deposits 11,624 8,440 19,195 3 Purchase of property, plant and equipment (20,380) (20,744) (19,260) (20,944) Proceeds from sales of property, plant and equipment Purchase of investment securities (838) (362) (1,121) (670) Proceeds from sales of investment securities 2, ,452 Net decrease (increase) in short-term loans receivable (472) (205) (66) (95) Payments of long-term loans receivable - (2,684) (91) (465) Collection of long-term loans receivable Other, net (172) (1,724) (1,378) (5,922) Net cash provided by (used in) investing activities (27,008) (33,605) (11,308) (25,525) Cash flows from financing activities Net increase (decrease) in short-term loans payable 612 (195) 429 (8,533) Net increase (decrease) in commercial papers 8,000 5,000 12,000 7,000 Proceeds from long-term loans payable 25,517 27,669 6,396 12,584 Repayments of long-term loans payable (45,272) (25,836) (19,127) (35,513) Proceeds from issuance of bonds 10, Redemption of bonds - - (10,000) - Purchase of treasury stock (9) Proceeds from sale of treasury shares ,104 Cash dividends paid (4,260) (4,256) (3,800) (7,108)

6 Cash dividends paid to non controlling shareholders (354) (319) (1,275) (2,045) Other, net (821) (1,994) (832) (5,361) Net cash provided by (used in) financing activities (6,579) 69 (16,209) (12,881) Effect of exchange rate change on cash and cash equivalents 1,231 (3,845) (183) (1,850) Net increase (decrease) in cash and cash equivalents (11,456) (16,414) 15,266 11,921 Cash and cash equivalents at beginning of period 55,162 54,597 56,186 76,833 Increase in cash and cash equivalents from newly consolidated subsidiary 3, Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation (7) Increase in cash and cash equivalents resulting from merger Cash and cash equivalents at end of period 46,862 38,318 72,147 88,754 Note: Statement of Cash Flows is updated every 2nd and 4th Quarter. Please refer to "Annual" data for 4Q result.