Consolidated Financial Flash Report for the Year Ended March 31, 2017(PDF:171KB / 12pages)

Consolidated Financial Flash Report for the Year Ended March 31, 2017

April 28, 2017

Name of Listed Company	ZEON CORPORATION
Ticker Code 4205	(URL http://www.zeon.co.jp)	Listed Stock Exchanges	Tokyo Stock Exchange
Representative	President	Name	Kimiaki Tanaka
Contact	Director and Corporate Officer	Name	Takeo Furuya
TEL	[phone]
Scheduled Date of the General Shareholders Meeting	June 29, 2017	Scheduled Date of Dividend Payments	From June 30, 2017
Scheduled Date of the Submission of the Securities Report	June 29, 2017

Note: Figures are rounded down to the nearest million yen.

1. Consolidated Performance for the Year Ended March 31, 2017 (From April 1, 2016 to March 31, 2017)

2. Consolidated operating results

   (Percentage figures respectively indicate year-over-year changes from the same period of the previous fiscal year.)

   Net sales	Operating income	Ordinary income	Net income attributable to owners of parent
   Year ended March 31, 2017	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %
   	287,624 (2.7)	30,767 3.1	31,805 (1.1)	23,152 28.1
   Year ended March 31, 2016	295,647 (3.9)	29,856 5.7	32,153 3.4	18,079 (5.2)

   Notes: Comprehensive income:

   Year ended March 31, 2017: 32,148 million yen (366.1%);

   Year ended March 31, 2016: 6,897 million yen (−81.6%)

   Net income per share	Fully diluted net income per share	Return on equity	Ordinary income to total assets	Operating income to sales
   Year ended March 31, 2017	Yen	Yen	%	%	%
   	104.31	104.17	10.3	8.0	10.7
   Year ended March 31, 2016	79.86	79.74	8.6	8.2	10.1

   Reference: Share of (profit) loss of entities accounted for using equity method:

   Year ended March 31, 2017: - million yen Year ended March 31, 2016: - million yen

3. Consolidated financial position

   Total assets	Net assets	Equity ratio	Net assets per share
   As of March 31, 2017	Millions of yen	Millions of yen	%	Yen
   	411,415	244,634	58.4	1,082.02
   As of March 31, 2016	384,753	215,586	54.8	949.91

   Reference: Equity:

   As of March 31, 2017: 240,189 million yen As of March 31, 2016: 210,780 million yen

4. Consolidated cash flows

5. Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at the end of the year
   Year ended March 31, 2017	Millions of yen	Millions of yen	Millions of yen	Millions of yen
   	49,042	(29,121)	(15,834)	11,368
   Year ended March 31, 2016	47,599	(34,847)	(9,010)	6,832

6. Cash Dividends

   Record date	Cash dividend per share					Total annual cash dividends	Dividend payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	1Q end	Interim	3Q end	Year-end	Full year
   Year ended March 31, 2016	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   	-	7.00	-	8.00	15.00	3,363	18.8	1.6
   Year ended March 31, 2017	-	8.00	-	8.00	16.00	3,552	15.3	1.6
   Year ending March 31, 2018 (Forecast)	-	8.00	-	9.00	17.00	18.9

7. Projected Consolidated Performance for the Year Ending March 31, 2018 (From April 1, 2017 to March 31, 2018)

   (Percentage figures respectively indicate changes from the previous year.)

   Net sales		Operating income		Ordinary income		Net income attributable to owners of parent		Net income per share
   Interim period ending September 30, 2017	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	140,000	(0.1)	13,000	(1.6)	13,000	7.4	8,000	(0.9)	36.04
   Year ending March 31, 2018 (Full year)	290,000	0.8	29,000	(5.7)	30,000	(5.7)	20,000	(13.6)	90.10

8. Other Matters

9. Significant changes of specified subsidiaries (Changes of Specified Subsidiaries Accompanied by Change in Scope of Consolidation): None

10. Changes in accounting principle, procedures and presentation on preparation of consolidated financial statements

11. Changes in policy due to amendment in accounting standards: Yes

12. Changes in policy other than above (i): No

13. Changes in accounting estimates: No

14. Restatements: No

15. Number of shares outstanding (Common stock)

16. Number of shares outstanding at the end of the year (Including treasury stock)

    As of March 31, 2017: 237,075,556 shares As of March 31, 2016: 237,075,556 shares

17. Number of treasury stock

    As of March 31, 2017: 15,093,031 shares As of March 31, 2016: 15,179,841 shares

18. Average number of shares outstanding in each year

19. Year ended March 31, 2017: 221,957,049 shares Year ended March 31, 2016: 226,389,994 shares

    Reference: Summary of Non-consolidated Performance Non-consolidated Performance for the Year ended March 31, 2017 (From April 1, 2016 to March 31, 2017)

20. Non-consolidated operating results

    (Percentage figures respectively indicate changes from the previous year.)

    Net sales		Operating income		Ordinary income		Net income
    Year ended March 31, 2017	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
    	193,405	(2.2)	23,219	0.7	24,722	(5.0)	19,471	46.6
    Year ended March 31, 2016	197,698	(7.7)	23,062	(2.7)	26,010	(2.7)	13,283	(25.2)

    Net income per share	Fully diluted net income per share
    Year ended March 31, 2017	Yen	Yen
    	87.72	87.60
    Year ended March 31, 2016	58.67	58.58

21. Non-consolidated financial position

Total assets	Net assets	Equity ratio	Net assets per share
Year ended March 31, 2017	Millions of yen	Millions of yen	%	Yen
	347,651	196,910	56.6	886.05
Year ended March 31, 2016	310,533	171,312	55.1	770.89

Reference: Equity

As of March 31, 2017: 196,688 million yen As of March 31, 2016: 171,058 million yen

Note regarding indication of status of implementation of the review procedure

The review of consolidated financial statements based on the Financial Instruments and Exchange Act had not been completed as of the date of disclosure of this financial report.

Note concerning appropriate use of performance forecasts, etc.

The projected performance figures in this report are based on information available to Zeon's management at the time this report was prepared and are not intended to be interpreted as goals the company will achieve. Accordingly, users should be aware that actual results may differ materially from any expressed future performance herein due to various factors.

22. Consolidated Financial Statements

23. (1) Consolidated Balance Sheets

    (Millions of yen)

    Previous fiscal year (As of March 31, 2016)	Current fiscal year (As of March 31, 2017)
    (Assets)
    Current assets
    Cash and bank deposits	7,963	11,677
    Notes and accounts receivable-trade	64,708	70,222
    Electronically recorded monetary claims	1,308	2,782
    Merchandise and products	47,462	43,734
    Work in process	3,732	5,145
    Raw materials and supplies	12,534	12,978
    Accounts receivable-other	26,601	29,328
    Deferred tax assets	4,607	3,799
    Other current assets	4,070	2,959
    Allowance for doubtful accounts	(79)	(91)
    Total current assets	172,907	182,533
    Fixed assets
    Property, plant and equipment
    Buildings and structures, net	43,793	44,667
    Machinery, equipment and vehicles, net	47,289	60,351
    Land	18,276	18,698
    Construction in progress	23,293	8,046
    Other property, plant and equipment, net	5,875	6,297
    Total property, plant and equipment	138,526	138,058
    Intangible assets
    Other intangible assets	4,187	3,857
    Total intangible assets	4,187	3,857
    Investments and other assets
    Investment securities	60,821	76,828
    Net defined benefit asset	165	87
    Deferred tax assets	320	273
    Other investments and assets	8,130	10,012
    Allowance for doubtful accounts	(302)	(233)
    Total investments and other assets	69,133	86,967
    Total fixed assets	211,846	228,883
    Total assets	384,753	411,415