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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Hitachi Kokusai Electric Inc    6756   JP3294600006

HITACHI KOKUSAI ELECTRIC INC

(6756)
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Hitachi Kokusai Electric : Consolidated Financial Statements for the Second Quarter Ended September 30, 2016

10/26/2016 | 02:16am EST
Consolidated Financial Statements for the Second Quarter Ended September 30, 2016

October 26, 2016

Registered Company Name: Hitachi Kokusai Electric Inc. Stock Listings: Tokyo Code No: 6756

URL: http://www.hitachi-kokusai.co.jp/global/

Representative: Kaichiro Sakuma, President, CEO and Director

Contact: Akira Horiuchi, General Manager of CSR Center Telephone: +81 (0)3-6734-9401 Scheduled date of filing of quarterly report: November 11, 2016

Planned Start Date for Dividend Payments: December 1, 2016 Preparation of supplementary material for financial results: Yes

Holding of financial results meeting: Yes (for analysts and institutional investors)

(All figures are rounded off to the nearest million yen)

  1. Consolidated Financial Results (For the six months ended September 30, 2016)

  2. Consolidated Results of Operations (Percentages indicate percentage increase or decrease year-on-year)

    Revenues

    Adjusted Operating Income

    Income before income taxes

    Net Income

    Net income attributable to owners of the parent

    Comprehensive income

    Million

    Yen

    %

    Million

    Yen

    %

    Million

    Yen

    %

    Million

    Yen

    %

    Million

    Yen

    %

    Million

    Yen

    %

    72,164

    (20.6)

    3,019

    (70.0)

    3,294

    (68.5)

    2,209

    (71.3)

    2,294

    (70.3)

    (351)

    90,940

    23.0

    10,065

    69.1

    10,446

    95.7

    7,685

    81.9

    7,712

    84.4

    6,236

    9.9

    2Q of FY 2016

    2Q of FY 2015

    Basic earnings per share

    Diluted earnings per share

    Yen Yen

    2Q of FY2016 22.34

    2Q of FY2015 75.08

  3. Consolidated Financial Position

    Total Assets Total Equity Equity attributableto

    owners of the parent

    Ratio of equity attributable to owners of the parent to total assets

    Equity attributable to owners of the parent per share

    2Q of FY2016

    Million Yen

    173,000

    Million Yen

    92,602

    Million Yen

    92,432

    %

    53.4

    Yen

    899.97

    FY2015

    174,569

    96,087

    95,964

    55.0

    934.35

  4. Dividends

    Dividend per Share

    1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total

    Yen

    Yen 14.00

    10.00

    Yen

    Yen

    26.00

    Yen

    40.00

    16.00

    26.00

    FY2015 FY2016

    FY2016 (Forecast)

    (Note) Revision of the latest dividend forecast: Yes

  5. Consolidated Financial Forecast for FY2016 (From April 1, 2016 to March 31, 2017)

    (Percentages indicate percentage increase or decrease year-on-year)

    Revenues Adjusted Operating Income

    Income before

    income taxes NetIncome

    Net income attributable to owners of the parent

    Basic earnings per share

    Million

    Yen %

    Million

    Yen %

    Million

    Yen %

    Million

    Yen %

    Million

    Yen % Yen

    FY2016 169,000 (6.5) 13,600 (15.7) 12,700 (24.2) 8,500 (34.4) 8,500 (34.6) 82.76

    (Note) Revision of the latest dividend forecast: Yes

    Notes

  6. Changes to significant subsidiaries during the term (changes in specified subsidiaries due to changes in scope) : No

  7. Changes in accounting policies and accounting estimates

    [1] Changes in accounting policies requested by IFRS : No [2] Changes other than [1] above : No

    [3] Changes in accounting estimates : No

  8. Number of shares issued (common stock) [1] Number of shares at end of period

  9. (Including treasury stock)

    [2] Number of treasury stock at end of period

    [3] Average number of shares during the period (Quarterly Cumulative Total)

    2Q of FY2016 105,221,259 shares FY2015 105,221,259 shares

    2Q of FY2016 2,515,767 shares FY2015 2,514,706 shares 2Q of FY2016 102,706,075 shares 2Q of FY2015 102,720,794 shares

    (Notes)

    Information regarding the implementation of review procedure

    This quarterly financial report is exempt from the review procedure based upon the Financial Instruments and Exchange Act. It is under the review procedure process at the time of disclosure of this report.

    Explanation on the appropriate use of financial forecasts and other important items

    The forecasts figures are based on information currently available to the Company and certain assumptions deemed to be reasonable. This material does not represent promises or guarantees regarding the forecasts and due to various factors, actual results may vary significantly from these forecasts.

    HITACHI KOKUSAI ELECTRIC INC. CONSOLIDATED FINANCIAL STATEMENTS

    Consolidated Statements of Financial Position (Unaudited) September 30, 2016 and March 31, 2016

    Assets

    Current assets

    Millions of Yen

    FY2015 2Q of FY2016

    Cash and cash equivalents

    47,567

    53,928

    Trade and other receivables

    50,192

    37,799

    Inventories

    37,120

    41,932

    Other current assets

    1,760

    1,254

    Subtotal

    136,639

    134,913

    Non-current assets

    Property, plant and equipment

    21,503

    21,890

    Intangible assets

    2,525

    3,683

    Other financial assets

    10,049

    8,282

    Deferred tax assets

    2,784

    3,312

    Other non-current assets

    1,069

    920

    Total non-current assets

    37,930

    38,087

    Total assets

    174,569

    173,000

    Liabilities

    Current liabilities

    Millions of Yen

    FY2015 2Q of FY2016

    Short-term debt

    733

    1,031

    Trade and other payables

    36,600

    34,335

    Accrued expenses

    11,087

    10,021

    Other financial liabilities

    222

    228

    Income tax payable

    2,032

    1,622

    Advances received

    3,227

    8,129

    Provisions

    1,972

    1,483

    Other current liabilities

    55

    36

    Total current liabilities

    55,928

    56,885

    Non-current liabilities

    Long-term debt

    101

    604

    Other financial liabilities

    765

    Retirement and severance benefits

    22,083

    21,834

    Provisions

    94

    52

    Other non-current liabilities

    276

    258

    Total non-current liabilities

    22,554

    23,513

    Total liabilities

    78,482

    80,398

    Equity

    Equity attributable to owners of the parent

    Common stock

    10,058

    10,058

    Capital surplus

    17,534

    16,914

    Retained earnings

    68,088

    67,712

    Other components of equity

    3,022

    488

    Treasury stock, at cost

    (2,738)

    (2,740)

    Total equity attributable to owners of the parent

    95,964

    92,432

    Non-controlling interests

    123

    170

    Total equity

    96,087

    92,602

    Total liabilities and equity

    174,569

    173,000

Hitachi Kokusai Electric Inc. published this content on 26 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2016 06:16:07 UTC.


© Publicnow 2016
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Managers
NameTitle
Kaichiro Sakuma Executive President & Representative Director
Shinichi Inagaki Director
Kazuhiro Inada Director
Hidemi Moue Director
Shinobu Umino Director
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