TOSHIBA PLANT SYSTEMS & SERVICES : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2016

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.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2016 (Based on Japanese GAAP)

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 28, 2016

Representative:

Representative Director

Ryo Matsukawa

Inquiries: Senior Manager, Administration Department Kengo Tanabe TEL [phone] Scheduled date to file Quarterly Securities Report: August 4, 2016

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, 2016 (from April 1, 2016 to June 30, 2016)

2. Consolidated operating results (cumulative) Percentages indicate year-on-year changes

   Net sales		Operating income		Ordinary income		Profit attributable to owners of parent
   Three months ended June 30, 2016	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   	38,640	20.6	3,220	35.4	3,577	47.6	2,390	55.0
   Three months ended June 30, 2015	32,048	5.0	2,378	44.4	2,423	31.8	1,541	46.4

   Earnings per share	Diluted earnings per share
   Three months ended June 30, 2016	Yen	Yen
   	24.53	-
   Three months ended June 30, 2015	15.82	-

3. Consolidated financial position

   Total assets	Net assets	Equity ratio
   As of June 30, 2016	Millions of yen	Millions of yen	%
   	226,281	122,413	54.0
   As of March 31, 2016	238,254	121,281	50.8

4. Cash dividends

   Annual dividends per share
   1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   Year ended March 31, 2016	Yen	Yen	Yen	Yen	Yen
   	-	25.00	-	12.50	37.50
   Year ending March 31, 2017	-
   Year ending March 31, 2017 (Forecast)	19.00	-	19.00	38.00

5. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)

   Percentages indicate year-on-year changes

   Net sales		Operating income		Ordinary income		Profit attributable to owners of parent		Earnings per share
   Six months ending September 30, 2016	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	95,000	8.2	7,200	10.5	7,500	15.8	5,000	25.3	51.32
   Full year	230,000	4.9	18,700	0.3	19,000	1.5	12,500	11.2	128.31

6. Notes

7. (1) Changes in significant subsidiaries during the three months ended June 30, 2016 (changes in specified subsidiaries resulting in the change in scope of consolidation):

   No

   (2) Application of special accounting methods for preparing quarterly consolidated financial statements:

   No

8. 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:	No
   Changes in accounting policies due to other reasons:	No
   Changes in accounting estimates:	No
   Restatement of prior period financial statements:	No

9. Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2016

97,656,888

shares

As of March 31, 2016

97,656,888

shares

Number of treasury shares at the end of the period

As of June 30, 2016

243,316

shares

As of March 31, 2016

243,256

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2016

97,413,612

shares

Three months ended June 30, 2015

97,414,433

shares

Quarterly consolidated financial statements Consolidated balance sheets

(Millions of yen)
As of March 31, 2016	As of June 30, 2016
Assets
Current assets
Cash and deposits	6,430	6,770
GROUP FINANCE DEPOSITS	85,534	101,759
Notes receivable, accounts receivable from completed construction contracts and other	92,565	57,068
Electronically recorded monetary claims - operating	508	225
Costs on uncompleted construction contracts	25,248	32,927
Other	9,166	8,764
Allowance for doubtful accounts	(312)	(295)
Total current assets	219,141	207,221
Non-current assets
Property, plant and equipment	6,692	6,853
Intangible assets	252	222
Investments and other assets
Other	12,292	12,107
Allowance for doubtful accounts	(123)	(123)
Total investments and other assets	12,168	11,983
Total non-current assets	19,112	19,060
Total assets	238,254	226,281
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts and other	47,635	37,429
Income taxes payable	5,888	2,216
Advances received on uncompleted construction contracts	13,349	13,657
Provision for directors' bonuses	93	118
Provision for warranties for completed construction	1,048	959
Provision for loss on construction contracts	204	-
Other	13,234	14,384
Total current liabilities	81,455	68,767
Non-current liabilities
Provision for directors' retirement benefits	27	29
Net defined benefit liability	35,197	34,770
Other	292	299
Total non-current liabilities	35,517	35,100
Total liabilities	116,972	103,867

(Millions of yen)
As of March 31, 2016	As of June 30, 2016
Net assets
Shareholders' equity
Capital stock	11,876	11,876
Capital surplus	20,910	20,910
Retained earnings	94,726	95,899
Treasury shares	(164)	(164)
Total shareholders' equity	127,348	128,521
Accumulated other comprehensive income
Deferred gains or losses on hedges	(290)	(193)
Foreign currency translation adjustment	(11)	(487)
Remeasurements of defined benefit plans	(6,068)	(5,707)
Total accumulated other comprehensive income	(6,369)	(6,389)
Non-controlling interests	303	281
Total net assets	121,281	122,413
Total liabilities and net assets	238,254	226,281