TOSHIBA PLANT SYSTEMS & SERVICES CORPORATION Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Company name: Toshiba Plant Systems & Services Corporation
Stock exchange listing: Tokyo
Stock code: 1983 URL http://www.toshiba-tpsc.co.jp
President and Chief Executive Officer,
January 30, 2015
Representative:
Representative Director
Ryo Matsukawa
Inquiries: Senior Manager, Administration Department Kengo Tanabe TEL 045-500-7012
Scheduled date to file Quarterly Securities Report: February 5, 2015
Scheduled date to commence dividend payments: - Preparation of supplementary material on quarterly financial results: No Holding of quarterly financial results meeting: No
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2014 (from April 1, 2014 to December 31, 2014)
(1) Consolidated financial results (cumulative) Percentages indicate year-on-year changes
Net sales | Operating income | Ordinary income | Net income | |||||
Nine months ended December 31, 2014 Nine months ended December 31, 2013 | Millions of yen 137,250 101,224 | % 35.6 2.3 | Millions of yen 9,428 5,702 | % 65.3 (26.9) | Millions of yen 10,142 6,132 | % 65.4 (24.6) | Millions of yen 6,299 3,536 | % 78.1 (23.9) |
Net income per share | Diluted net income per share | |
Nine months ended December 31, 2014 Nine months ended December 31, 2013 | Yen 64.66 36.29 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |
As of December 31, 2014 As of March 31, 2014 | Millions of yen 219,102 221,135 | Millions of yen 112,575 104,664 | % 51.2 47.2 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended March 31, 2014 Year ending March 31, 2015 | Yen - - | Yen 7.50 7.50 | Yen - - | Yen 7.50 | Yen 15.00 |
Year ended March 31, 2014 Year ending March 31, 2015 | Yen - - | Yen 7.50 7.50 | Yen - - | ||
Year ending March 31, 2015 (Forecast) | 12.50 | 20.00 |
3. Forecast of consolidated financial results for the year ending March 31, 2015 (from April 1, 2014 to March 31, 2015)
Percentages indicate year-on-year changes
Net sales | Operating income | Ordinary income | Net income | Net income per share | |||||
Full year | Millions of yen 210,000 | % 15.2 | Millions of yen 17,500 | % 7.5 | Millions of yen 18,000 | % 7.5 | Millions of yen 11,000 | % 11.9 | Yen 112.91 |
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4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2014
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: No
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations: | Yes |
Changes in accounting policies due to other reasons: No | |
Changes in accounting estimates: No | |
Restatement of prior period financial statements: No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2014 97,656,888 shares As of March 31, 2014 97,656,888 shares
Number of treasury shares at the end of the period
As of December 31, 2014 242,288 shares As of March 31, 2014 241,358 shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2014 97,415,094 shares Nine months ended December 31, 2013 97,420,583 shares
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Assets
Current assets
(Millions of yen) As of March 31, 2014 As of December 31, 2014
Cash and deposits 4,514 6,287
GROUP FINANCE DEPOSITS 72,928 49,399
Notes receivable, accounts receivable from completed
construction contracts and other
99,368 102,999
Costs on uncompleted construction contracts 14,256 33,130
Other 9,481 7,429
Allowance for doubtful accounts (133) (102) Total current assets 200,415 199,144
Non-current assets
Property, plant and equipment 6,391 6,789
Intangible assets 318 332
Investments and other assets
Other 14,130 12,957
Allowance for doubtful accounts (121) (121) Total investments and other assets 14,008 12,836
Total non-current assets 20,719 19,957
Total assets 221,135 219,102
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
and other
46,086 46,106
Income taxes payable 6,210 850
Advances received on uncompleted construction contracts 17,954 17,374
Provision for directors' bonuses 52 43
Provision for warranties for completed construction 570 575
Other 10,040 9,512
Total current liabilities 80,914 74,463
Non-current liabilities
Provision for directors' retirement benefits 22 20
Net defined benefit liability 35,257 31,706
Other 275 337
Total non-current liabilities 35,556 32,064
Total liabilities 116,470 106,527
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Net assets
Shareholders' equity
(Millions of yen) As of March 31, 2014 As of December 31, 2014
Capital stock 11,876 11,876
Capital surplus 20,910 20,910
Retained earnings 75,156 82,173
Treasury shares (161) (163) Total shareholders' equity 107,781 114,797
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 158 207
Deferred gains or losses on hedges 137 (215) Foreign currency translation adjustment 70 653
Remeasurements of defined benefit plans (3,749) (3,204) Total accumulated other comprehensive income (3,382) (2,559)
Minority interests 265 336
Total net assets 104,664 112,575
Total liabilities and net assets 221,135 219,102
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Nine months ended
December 31, 2013
(Millions of yen) Nine months ended
December 31, 2014
Net sales 101,224 137,250
Cost of sales 87,470 119,156
Gross profit 13,753 18,093
Selling, general and administrative expenses 8,051 8,664
Operating income 5,702 9,428
Non-operating income
Interest income 148 172
Dividend income 20 31
Share of profit of entities accounted for using equity method 11 8
Foreign exchange gains 0 297
Other 276 219
Total non-operating income 457 729
Non-operating expenses
Loss on disposal of non-current assets 3 5
Other 24 9
Total non-operating expenses 27 15
Ordinary income 6,132 10,142
Extraordinary income
Gain on sales of land - 117
Total extraordinary income - 117
Income before income taxes and minority interests 6,132 10,260
Income taxes - current 1,038 2,719
Income taxes - deferred 1,487 1,211
Total income taxes 2,526 3,931
Income before minority interests 3,606 6,329
Minority interests in income 70 30
Net income 3,536 6,299
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Nine months ended
December 31, 2013
(Millions of yen) Nine months ended
December 31, 2014
Income before minority interests 3,606 6,329
Other comprehensive income
Valuation difference on available-for-sale securities 174 49
Deferred gains or losses on hedges 375 (353) Foreign currency translation adjustment (3) 626
Remeasurements of defined benefit plans, net of tax - 544
Total other comprehensive income 545 867
Comprehensive income 4,152 7,196
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 4,084 7,122
Comprehensive income attributable to minority interests 68 73
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