April 7, 2016
Company name : OSG Corporation
Shares Listed : 1st section of Tokyo and Nagoya Stock Exchanges
Code Number : 6136
Location of the head office : Aichi Prefecture
Representative: : Norio Ishikawa, President
Contact person: : Koji Sonobe, Managing Director
TEL: 81-533-82-1113 URL http://www.osg-ir.com
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Consolidated Results for FY2016 First Quarter (December 1, 2015 - February 29, 2016)
Consolidated financial results (Amounts less than one million yen are omitted)
Net Sales
Operating income
Ordinary income
Net income attributable to OSG Corporation
FY2016 first-quarter
Million yen %
Million yen %
Million yen %
Million yen %
25,814 -3.2
4,791 -1.3
4,478 -6.1
2,705 -3.5
FY2015 first-quarter
26,665 12.7
4,854 46.3
4,769 40.0
2,803 48.7
(Note) Comprehensive income FY2016 first-quarter : -4,520 million yen ( - %)
FY2015 first-quarter : 2,927 million yen (-51.2%)
Net income per share
Diluted net income per share
FY2016 first-quarter FY2015 first-quarter
Yen 28.63
29.52
Yen 26.12
26.93
Consolidated financial position
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Dividends
Dividends per share
End of Q2
Year-end
Annual
FY2015
Yen 26.00
Yen 20.00
Yen 46.00
FY2016 forecast
22.00
28.00
50.00
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Forecast of Consolidated Results for FY2016 (December 1, 2015 - November 30, 2016)
Net sales
Operating income
Ordinary income
Net income attributable to OSG Corporation
Net income per share
Semi-Annual
Million yen %
Million yen %
Million yen %
Million yen %
Yen
57,000 1.4
10,600 -3.8
10,600 -3.4
6,300 -4.8
66.67
Annual
117,000 4.5
23,000 6.5
23,000 6.9
14,000 11.8
148.16
- Others
Changes in significant subsidiaries during the current period
(Changes in specified subsidiaries that caused a change in the scope of consolidation) : None
Adoption of accounting method specific to the preparation of consolidated quarterly financial statements: Yes
Changes in accounting principles and accounting estimates and retrospective restatement
Changes in accounting principles due to amendment to accounting standards: Yes
Changes other than (3)-(i) above: None
Changes in accounting estimates: None
Retrospective restatement: None
Number of shares issued and outstanding (common stock)
Number of shares issued and outstanding at the end of each period (including treasury stock): FY2016: first-quarter: 95,955,226 shares
FY2015: 95,955,226 shares
Number of treasury stock at the end of each period: FY2016: first-quarter: 2,604,684 shares FY2015: 908,970 shares
Average number of shares outstanding in each period:
Total assets | Net assets | Equity ratio | |
FY2016 first-quarter | Million yen | Million yen | % |
149,179 | 103,613 | 62.9 | |
FY2015 | 155,129 | 113,637 | 66.1 |
(Reference) Equity FY2016 first-quarter: 93,849 million yen FY2015: 102,566 million yen
FY2016: first-quarter: 94,495,086 shares FY2015: first-quarter: 94,957,411 shares
[Note regarding forecast]
The above forecasts for financial results are based on information available at the time this report was released. These forecasts and other forward-looking statements are not guarantees of future performance. Actual operating results may differ from the above forecasts due to known and unknown risks, uncertainties, and other factors.
Consolidated Summary Balance Sheet
OSG Corporation
Assets (Million yen : amounts less than one million yen are omitted)
FY2015 FY2016 first-quarter
Current Assets | As of Nov. 30, 2015 | As of Feb. 29, 2016 | |
Cash and time deposits | 21,472 | 19,190 | |
Notes and accounts receivable | 21,519 | 20,060 | |
Marketable securities | 78 | 67 | |
Merchandise and finished goods | 19,292 | 19,555 | |
Work in process | 5,297 | 5,418 | |
Raw materials and supplies | 6,083 | 5,696 | |
Other | 5,137 | 6,187 | |
Allowance for doubtful accounts | (188) | (177) | |
Total current assets | 78,692 | 75,998 | (2,693) |
Change
Fixed Assets Tangible Assets
Building and structures | 16,651 | 16,024 | |
Machinery and equipment | 27,428 | 25,757 | |
Land | 15,107 | 14,397 | |
Other | 4,088 | 5,002 | |
Total tangible assets | 63,276 | 61,181 | (2,094) |
Intangible Assets
Goodwill | 532 | 1,367 | |
Other | 721 | 736 | |
Total intangible assets | 1,254 | 2,104 | 849 |
Investments and Other Assets Investment securities | 7,239 | 5,800 | |
Other | 5,078 | 4,514 | |
Allowance for doubtful accounts | (411) | (420) | |
Total investments and other assets | 11,906 | 9,894 | (2,011) |
Total fixed assets | 76,437 | 73,181 | (3,256) |
Total | 155,129 | 149,179 | (5,950) |
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets (Million yen : amounts less than one million yen are omitted)
FY2015 FY2016 first-quarter
Current Liabilities | As of Nov. 30, 2015 | As of Feb. 29, 2016 | |
Notes and accounts payable | 4,980 | 4,573 | |
Short-term loans payable | 4,052 | 11,079 | |
Current portion of long-term loans payable | 445 | 529 | |
Income taxes payable | 3,486 | 1,564 | |
Reserve for employees' bonuses | 395 | 1,321 | |
Reserve for directors' bonuses | 637 | 182 | |
Other | 9,517 | 6,427 | |
Total current liabilities | 23,515 | 25,677 | 2,162 |
Long-term Liabilities | |||
Convertible bonds | 14,850 | 14,850 | |
Long-term borrowings Retirement allowance for directors and corporate auditors | 847 50 | 2,837 56 | |
Liabilities for employees' retirement benefits Other | 244 1,984 | 290 1,854 | |
Total long-term liabilities | 17,976 | 19,888 | 1,912 |
Total liabilities | 41,491 | 45,566 | 4,074 |
Shareholders' Equity Common stock | 10,404 | 10,404 | |
Capital surplus | 12,090 | 12,090 | |
Retained earnings | 75,719 | 76,398 | |
Treasury stock | (1,104) | (4,326) | |
Total shareholders' equity | 97,109 | 94,567 | (2,542) |
Change
Accumulated other comprehensive income Unrealized gain on
available-for-sale securities 2,709 1,770 Deferred gain on
derivatives under hedge accounting | 2 | 127 | |
Foreign currency translation adjustments | 2,745 | (2,615) | |
Total accumulated other comprehensive income | 5,456 | (717) | (6,174) |
Noncontrolling interests | 11,071 | 9,763 | (1,307) |
Total net assets | 113,637 | 103,613 | (10,024) |
Total liabilities and net assets | 155,129 | 149,179 | (5,950) |
OSG Corporation issued this content on 07 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 April 2016 08:46:08 UTC
Original Document: http://www.osg-ir.com/eng/ir_library/pdf_result/2016-02SummaryReport.pdf