Company: Sumitomo Osaka Cement Co., Ltd. Fiscal 2011 : April 1, 2010-March 31, 2011 Stock code: 5232 Fiscal 2012 : April 1, 2011-March 31, 2012 URL: http://www.soc.co.jp/ *Figures are rounded down to the nearest million yen. 1. Consolidated Results for Fiscal 2012, Ending March 31, 2012 ( April 1, 2011-March 31, 2012 ) * Percent figures for net sales, operating income, ordinary income and net income express percentage change from the same period of the privious fiscal year. (1) Consolidated Results Net Sales Operating Income Ordinary Income Net Income Millions of yen % Millions of yen % Millions of yen % Millions of yen % Fiscal 2012 217,044 7.6 8,136 20.7 7,666 45.7 3,645 296.1 Fiscal 2011 201,644 3.6 6,738 142.7 5,262 569.5 920 - (Reference) Profit (loss) on investment by the equity method of accounting: FY 2012 33 millions of yen (2)Consolidated Financial Position FY 2011 0 millions of yen Millions of yen Millions of yen % Yen Fiscal 2012 Fiscal 2011 309,890 310,746 131,782 128,541 42.1 40.9 313.21 305.37 (Reference) Total Equity of FY 2012: 130,397 millions of yen FY 2011: 127,151 millions of yen (3)Consolidated Cash Flows Cash Flows from Cash Flows from Cash Flows From Cash and Cash Equivalents at Operating Activities Investing Activities Financing Activities End of Period Millions of yen Millions of yen Millions of yen Millions of yen Fiscal 2012 Fiscal 2011 23,243 21,548 (16,314) (15,048) (6,111) (10,991) 27,093 26,277 2.Dividends Summary of Consolidated Financial Results of Sumitomo Osaka Cement Co., Ltd. for the Fiscal 2012, Ending March 31, 2012(Japan GAAP) May 11, 2012 EPS Diluted EPS Net Income to Total Ordinary Income to Operating Income to Equity Total Assets Net Sales Yen Yen % % % Fiscal 2012 8.76 2.8 2.5 3.7 Fiscal 2011 2.21 0.7 1.7 3.3 Total Assets Net Assets Shareholder's equity ratio Net Assets per Share Dividends per share Total dividends Dividend ratio Dividends/Net (Date of Record) First Quarter Second Quarter Third Quarter Year-end Annual (Annual) (consolidated) assets Yen Yen Yen Yen Yen Millions of yen % % Fiscal 2011 0.00 4.00 4.00 1,665 181.0 1.3 Fiscal 2012 0.00 4.00 4.00 1,665 45.70 1.3 FY2013 (Forecast) 0.00 5.00 5.00 41.60 3.Forecast of Consolidated Financial Results for Fiscal 2013 (April 1, 2012 March 31, 2013) *Percent figures for net sales, operating income, ordinary income and net income express percentage change from the same period of the previous fiscal year. Net Sales Operating Income Ordinary Income Net Income Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen FY2013 1H 101,000 (0.3) 3,800 173.7 3,500 206.5 1,600 3.84 FY2013 216,000 (0.5) 11,500 41.3 10,500 37.0 5,000 37.1 12.00 EPS 1
Consolidated Financial Statement for Fiscal 2012 (1)Consolidated Balance Sheets End FY2011 (as of March 31, 2011) End FY2012 (As of March 31, 2012) Consolidated balance sheets Assets Current assets Cash and deposits 26,419 27,237 Notes and accounts receivable-trade 42,340 47,676 Short-term investment securities 0 0 Merchandise and finished goods 7,622 6,831 Work in process 1,571 1,465 Raw materials and supplies 10,676 9,544 Deferred tax assets 1,765 1,717 Short-term loans receivable 256 689 Other 1,697 2,265 Allowance for doubtful accounts 275 357 Total current assets 92,076 97,069 Noncurrent assets Property, plant and equipment Buildings and structures 152,184 152,650 Accumulated depreciation 99,115 101,961 Buildings and structures, net 53,069 50,689 Machinery, equipment and vehicles 372,610 369,325 Accumulated depreciation 318,595 322,940 Machinery, equipment and vehicles, net 54,015 46,384 Land 39,409 39,080 Construction in progress 5,039 7,783 Other 31,977 32,218 Accumulated depreciation 17,003 17,354 Other, net 14,974 14,864 Total property, plant and equipment 166,507 158,802 Intangible assets Goodwill 485 649 Other 3,184 3,506 Total intangible assets 3,670 4,156 Investments and other assets Investment securities 40,724 40,663 Long-term loans receivable 1,541 1,787 Deferred tax assets 979 905 Other 5,702 7,349 Allowance for doubtful accounts 456 843 Total investments and other assets 48,491 49,862 Total noncurrent assets 218,669 212,821 Total assets 310,746 309,890 2
Consolidated Financial Statement for Fiscal 2012 (1)Consolidated Balance Sheets End FY2011 (as of March 31, 2011) End FY2012 (As of March 31, 2012) Liabilities Current liabilities Notes and accounts payable-trade 24,560 26,541 Short-term loans payable 34,278 33,839 Current portion of long-term loans payable 9,369 21,169 Current portion of bonds 7,000 10,000 Income taxes payable 1,719 2,183 Provision for bonuses 2,050 2,058 Provision for loss on disaster 481 6 Other 10,265 10,100 Total current liabilities 89,725 105,899 Noncurrent liabilities Bonds payable 15,000 15,000 Long-term loans payable 54,928 36,200 Deferred tax liabilities 11,166 9,602 Provision for retirement benefits 1,058 1,392 Provision for directors' retirement benefits 260 234 Asset retirement obligations 256 299 Other 9,810 9,478 Total noncurrent liabilities 92,479 72,207 Total liabilities 182,205 178,107 Net assets Shareholders' equity Capital stock 41,654 41,654 Capital surplus 31,084 31,084 Retained earnings 42,839 44,865 Treasury stock 1,959 1,972 Total shareholders' equity 113,619 115,630 Accumulated other comprehensive income Valuation difference on available-for-sale securities 13,578 14,822 Foreign currency translation adjustment 46 55 Total accumulated other comprehensive income 13,532 14,767 Minority interests 1,390 1,384 Total net assets 128,541 131,782 Total liabilities and net assets 310,746 309,890 3
(2)Consolidated Profit and Loss Statement Consolidated statements of (comprehensive) income Net sales 201,644 217,044 Cost of sales 159,542 172,609 Gross profit 42,101 44,434 Selling, general and administrative expenses 35,362 36,297 Operating income 6,738 8,136 Non-operating income Interest income 83 78 Dividends income 1,034 1,237 Compensation income for damage 278 Equity in earnings of affiliates 0 33 Rent income 172 157 Other 468 509 Total non-operating income 1,760 2,294 Non-operating expenses Interest expenses 2,141 1,921 Other 1,095 843 Total non-operating expenses 3,236 2,765 Ordinary income 5,262 7,666 Extraordinary income Gain on sales of noncurrent assets 56 37 Gain on sales of investment securities 102 86 Gain on negative goodwill 126 Compensation income 313 Other 11 4 Total extraordinary income 295 441 Extraordinary loss Loss on retirement of noncurrent assets 532 1,255 Loss on sales of noncurrent assets 5 97 Loss on valuation of investment securities 28 22 Impairment loss 1,357 610 Loss on adjustment for changes of accounting standard for asset retirement obligations 198 Loss on disaster 786 228 Other 7 17 Total extraordinary losses 2,916 2,231 Income before income taxes and minority interests 2,641 5,876 Income taxes-current 1,890 2,554 Income taxes-deferred 209 333 Total income taxes 1,681 2,221 Income before minority interests 959 3,654 Minority interests in income 39 8 Net income 920 3,645 4
(3) Consolidated quarterly statements of comprehensive income Consolidated statements of comprehensive income Income before minority interests 959 3,654 Other comprehensive income Valuation difference on available-for-sale securities 4,478 1,244 Foreign currency translation adjustment 12 8 Share of other comprehensive income of associates accounted for using equity method 1 0 Total other comprehensive income 4,465 1,234 Comprehensive income 5,424 4,889 Comprehensive income attributable to Comprehensive income attributable to owners of the parent 5,385 4,880 Comprehensive income attributable to minority interests 39 8 5
(4)Consolidated Statement of Changes in Shareholders' Equity For the fiscal 2012,ending march 31,2012(April 1,2011 Consolidated statements of changes in net assets Shareholders' equity Capital stock Balance at the beginning of current period 41,654 41,654 Total changes of items during the period Balance at the end of current period 41,654 41,654 Capital surplus Balance at the beginning of current period 31,084 31,084 Disposal of treasury stock 0 0 Total changes of items during the period 0 0 Balance at the end of current period 31,084 31,084 Retained earnings Balance at the beginning of current period 43,585 42,839 Dividends from surplus 1,665 1,665 Net income 920 3,645 Effect Of Changes in fiscal year-ends of consolididated subsidiaries 44 Total changes of items during the period 745 2,025 Balance at the end of current period 42,839 44,865 Treasury stock Balance at the beginning of current period 1,941 1,959 Purchase of treasury stock 18 14 Disposal of treasury stock 1 0 Total changes of items during the period 17 13 Balance at the end of current period 1,959 1,972 Total shareholders' equity Balance at the beginning of current period 114,381 113,619 Dividends from surplus 1,665 1,665 Net income 920 3,645 Purchase of treasury stock 18 14 Disposal of treasury stock 1 0 Effect Of Changes in fiscal year-ends of consolidated subsidiaries 44 Total changes of items during the period 762 2,011 Balance at the end of current period 113,619 115,630 6
(4)Consolidated Statement of Changes in Shareholders' Equity For the fiscal 2012,ending march 31,2012(April 1,2011 Accumulated other comprehensive income Valuation difference on available-for-sale securities Balance at the beginning of current period 9,101 13,578 Net changes of items other than shareholders' equity 4,477 1,243 Total changes of items during the period 4,477 1,243 Balance at the end of current period 13,578 14,822 Foreign currency translation adjustment Balance at the beginning of current period 34 46 Net changes of items other than shareholders' equity 12 9 Total changes of items during the period 12 9 Balance at the end of current period 46 55 Total accumulated other comprehensive income Balance at the beginning of current period 9,067 13,532 Net changes of items other than shareholders' equity 4,465 1,234 Total changes of items during the period 4,465 1,234 Balance at the end of current period 13,532 14,767 Minority interests Balance at the beginning of current period 1,595 1,390 Net changes of items other than shareholders' equity 205 5 Total changes of items during the period 205 5 Balance at the end of current period 1,390 1,384 Total net assets Balance at the beginning of current period 125,044 128,541 Dividends from surplus 1,665 1,665 Net income 920 3,645 Purchase of treasury stock 18 14 Disposal of treasury stock 1 0 Effect Of Changes in fiscal year-ends of consolidated subsidiaries 44 Net changes of items other than shareholders' equity 4,260 1,229 Total changes of items during the period 3,497 3,241 Balance at the end of current period 128,541 131,782 7
(5)Consolidated Statement of Cash Flows Consolidated statements of cash flows Net cash provided by (used in) operating activities Income before income taxes and minority interests 2,641 5,876 Depreciation and amortization 20,741 19,736 Impairment loss 1,357 610 Amortization of goodwill 217 188 Gain on negative goodwill 126 Increase (decrease) in provision for retirement benefits 37 329 Increase (decrease) in provision for directors' retirement benefits 33 12 Increase (decrease) in provision for loss on disaster 481 474 Increase (decrease) in allowance for doubtful accounts 9 500 Interest and dividends income 1,118 1,315 Interest expenses 2,141 1,921 Foreign exchange losses (gains) 175 61 Equity in (earnings) losses of affiliates 0 33 Gain on sales of noncurrent assets 56 37 Loss on sales of noncurrent assets 5 97 Loss on retirement of noncurrent assets 251 943 Loss (gain) on sales of investment securities 102 86 Loss (gain) on valuation of investment securities 28 22 Decrease (increase) in notes and accounts receivable-trade 4,222 5,371 Decrease (increase) in inventories 801 2,107 Increase (decrease) in notes and accounts payable-trade 1,185 1,724 Other, net 844 818 Subtotal 23,580 25,848 Interest and dividends income received 1,120 1,310 Interest expenses paid 2,166 1,932 Income taxes paid 985 1,983 Net cash provided by (used in) operating activities 21,548 23,243 Net cash provided by (used in) investing activities Proceeds from redemption of securities 0 0 Purchase of noncurrent assets 15,219 15,156 Proceeds from sales of noncurrent assets 92 405 Purchase of investment securities 131 3 Proceeds from sales of investment securities 316 300 Purchase from investments in subsidiaries resulting in change in scope of consolidation Payments for investments in capital of subsidiaries and affiliates 186 920 Payments of loans receivable 432 984 Collection of loans receivable 182 231 Other, net 143 1 Net cash provided by (used in) investing activities 15,048 16,314 8
(5)Consolidated Statement of Cash Flows Net cash provided by (used in) financing activities Net increase (decrease) in short-term loans payable 742 437 Proceeds from long-term loans payable 3,448 2,530 Repayment of long-term loans payable 8,460 9,452 Proceeds from issuance of bonds 10,000 Proceeds from sales of treasury stock 1 0 Redemption of bonds 5,000 7,000 Purchase of treasury stock 18 14 Cash dividends paid 1,665 1,665 Cash dividends paid to minority shareholders 4 4 Other, net 33 67 Net cash provided by (used in) financing activities 10,991 6,111 Effect of exchange rate change on cash and cash equivalents 30 2 Net increase (decrease) in cash and cash equivalents 4,522 815 Cash and cash equivalents at beginning of period 30,800 26,277 Increase (decrease) in cash and cash equivalents resulting from change of scope of consolidation 0 Cash and cash equivalents at end of period 26,277 27,093 9
(6) Segment Sales and Operating(Loss) Income Information Fiscal 2011(Apr 1, 2010 to Mar 31,2011) Fiscal 2012(Apr 1, 2011 to Mar 31, 2012) Change from same perido of previous year(figures) Change from same perido of previous year(%) Cement 158,128 169,902 11,773 7.4 Mineral Resources 11,031 11,359 327 3.0 Cement Related products 14,680 15,108 427 2.9 Optoelectronics 3,897 3,556 (340) (8.7) Advanced Materials 8,296 10,075 1,778 21.4 Others 5,610 7,043 1,432 25.5 Net Sales 201,644 217,044 15,399 7.6 Cement 5,419 6,816 1,397 25.8 Mineral Resources 357 644 287 80.6 Cement Related products 261 132 (129) (49.5) Optoelectronics 270 144 (125) (46.5) Advanced Materials 203 100 103 - Others 668 485 (183) (27.4) Adjustment 34 13 48 - Operating(Loss) Income 6,738 8,136 1,397 20.7 10