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,
July 30, 2014
Representative:
Representative Director
Ryo Matsukawa
Inquiries: Senior Manager, Administration Department Toshiyuki Nakayama TEL 045-500-7012
Scheduled date to file Quarterly Securities Report: August 5, 2014
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 three months ended June 30, 2014 (from April 1, 2014 to June 30, 2014)
(1) Consolidated financial results (cumulative) Percentages indicate year-on-year changes
Net sales | Operating income | Ordinary income | Net income | |||||
Three months ended June 30, 2014 Three months ended June 30, 2013 | Millions of yen 30,531 25,356 | % 20.4 10.4 | Millions of yen 1,647 383 | % 329.1 (74.6) | Millions of yen 1,838 504 | % 264.1 (63.9) | Millions of yen 1,053 329 | % 220.1 (55.9) |
Net income per share | Diluted net income per share | |
Three months ended June 30, 2014 Three months ended June 30, 2013 | Yen 10.81 3.37 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |
As of June 30, 2014 As of March 31, 2014 | Millions of yen 214,282 221,135 | Millions of yen 107,258 104,664 | % 49.9 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 | Yen - | Yen 7.50 | Yen 15.00 |
Year ended March 31, 2014 Year ending March 31, 2015 | Yen - - | ||||
Year ending March 31, 2015 (Forecast) | 7.50 | - | 7.50 | 15.00 |
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 | |||||
Six months ending September 30, 2014 Full year | Millions of yen 85,000 200,000 | % 17.3 9.7 | Millions of yen 5,700 16,700 | % 23.2 2.6 | Millions of yen 5,900 17,000 | % 22.8 1.6 | Millions of yen 3,600 10,500 | % 22.6 6.8 | Yen 36.95 107.78 |
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4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 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 June 30, 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 June 30, 2014 241,511 shares As of March 31, 2014 241,358 shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2014 97,415,427 shares Three months ended June 30, 2013 97,422,692 shares
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Assets
Current assets
(Millions of yen) As of March 31, 2014 As of June 30, 2014
Cash and deposits 4,514 5,002
GROUP FINANCE DEPOSITS 72,928 61,929
Notes receivable, accounts receivable from completed
construction contracts and other
99,368 93,074
Costs on uncompleted construction contracts 14,256 25,834
Other 9,481 9,042
Allowance for doubtful accounts (133) (67) Total current assets 200,415 194,815
Non-current assets
Property, plant and equipment 6,391 6,405
Intangible assets 318 307
Investments and other assets
Other 14,130 12,875
Allowance for doubtful accounts (121) (121) Total investments and other assets 14,008 12,753
Total non-current assets 20,719 19,467
Total assets 221,135 214,282
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
and other
46,086 40,500
Income taxes payable 6,210 2,254
Advances received on uncompleted construction contracts 17,954 18,204
Provision for directors' bonuses 52 66
Provision for warranties for completed construction 570 574
Other 10,040 13,314
Total current liabilities 80,914 74,915
Non-current liabilities
Provision for directors' retirement benefits 22 16
Net defined benefit liability 35,257 31,821
Other 275 270
Total non-current liabilities 35,556 32,108
Total liabilities 116,470 107,024
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Net assets
Shareholders' equity
(Millions of yen) As of March 31, 2014 As of June 30, 2014
Capital stock 11,876 11,876
Capital surplus 20,910 20,910
Retained earnings 75,156 77,658
Treasury shares (161) (161) Total shareholders' equity 107,781 110,283
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 158 163
Deferred gains or losses on hedges 137 115
Foreign currency translation adjustment 70 (2) Remeasurements of defined benefit plans (3,749) (3,568) Total accumulated other comprehensive income (3,382) (3,291)
Minority interests 265 266
Total net assets 104,664 107,258
Total liabilities and net assets 221,135 214,282
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Three months ended
June 30, 2013
(Millions of yen) Three months ended
June 30, 2014
Net sales 25,356 30,531
Cost of sales 22,317 26,038
Gross profit 3,039 4,493
Selling, general and administrative expenses 2,655 2,846
Operating income 383 1,647
Non-operating income
Interest income 43 64
Dividend income 17 20
Reversal of allowance for doubtful accounts 63 64
Other 39 48
Total non-operating income 164 198
Non-operating expenses
Share of loss of entities accounted for using equity method 11 4
Foreign exchange losses 23 -
Other 7 2
Total non-operating expenses 43 7
Ordinary income 504 1,838
Income before income taxes and minority interests 504 1,838
Income taxes - current 1,309 1,818
Income taxes - deferred (1,166) (1,040) Total income taxes 143 778
Income before minority interests 361 1,059
Minority interests in income 32 6
Net income 329 1,053
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Three months ended
June 30, 2013
(Millions of yen) Three months ended
June 30, 2014
Income before minority interests 361 1,059
Other comprehensive income
Valuation difference on available-for-sale securities 256 5
Deferred gains or losses on hedges (54) (22) Foreign currency translation adjustment (77) (78)
Remeasurements of defined benefit plans, net of tax - 181
Total other comprehensive income 123 86
Comprehensive income 485 1,145
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 455 1,144
Comprehensive income attributable to minority interests 29 1
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