Q2 FY2012 Consolidated Results (Quarter ended September ......Q2 FY2011 Q2 FY2012 YOY Change (%)...

1

Q2 FY2012 Consolidated Results (Quarter ended September 30, 2012)

2

1. Business Environment for Q2 FY2012 2. Earnings Summary for Q2 FY2012 (Consolidated) 3. Breakdown of New Contracts by Work Types (Consolidated) 4. Breakdown of Works Completed by Work Types (Consolidated)5. Outstanding Contracts (Consolidated)6. Gross Profit (Consolidated)7. Operating Income (Consolidated)8. Non-operating Profit and Losses / Ordinary Profit9. Extraordinary Losses / Net income

10. Consolidated Balance Sheet (Consolidated)11. Cash Flow (Consolidated)12. Earnings Forecast for Full-Year FY2012 (Consolidated)13. New Contracts and Works Completed by Segment (Consolidated)14. Financial Highlights (Consolidated)15. About Dividend

Contents

3

●Japanese economy advanced towards recovery, boosted by earthquake reconstruction demand, and recovery of capital investment

●It is now at a standstill, affected by slowing world economy, strong yen, and prolonged sluggish stock prices, which in turn was influenced by economic crisis in Europe, slowing growth of newly developing countries, etc. The future looks uncertain.

●In petroleum/petrochemical sector, there is a decrease in petroleum products, and fierce international competition

●In petroleum refining market, there is a cut in refining capability and closing facilities based on “Regulation to Enhance Energy Supply Structure”

●In petrochemical market, plans to stop/ scrap petrochemical facilities including ethylene plant is taking shape

●The number of orders continues to be harsh as restraint for maintenance and capital investment continue

●We have high hopes for increased demand in maintenance as the facilities become dilapidated

●In general machinery, and especially in chemical industry, there is an expansion in overseas factories as the demand for products in China and Southeast Asia rises and strong yen continues

1. Business Environment for Q2 FY2012

4

(参考）

（単位：百万円）（単位：百万円）

差異増減率

受注高 46,503 45,659 -844 -1.8% 50,500 -4,841 -9.6%

完成工事高 43,906 46,460 +2,554 5.8% 49,000 -2,540 -5.2%

総利益 5,068 4,710 -358 -7.1% 5,100 -390 -7.6%

（率） 11.5% 10.1% -1.4% - 10.4% -0.3% -

一般管理費 1,705 1,758 +53 3.1% 1,800 -42 -2.3%

（率） 3.9% 3.8% -0.1% - 3.7% +0.1% -

営業利益 3,363 2,951 -412 -12.2% 3,300 -349 -10.6%

（率） 7.7% 6.4% -1.3% - 6.7% -0.4% -

経常利益 3,399 3,071 -328 -9.7% 3,370 -299 -8.9%

（率） 7.7% 6.6% -1.1% - 6.9% -0.3% -

当期純利益 1,882 1,705 -177 -9.4% 1,950 -245 -12.6%

（率） 4.3% 3.7% -0.6% - 4.0% -0.3% -

1 株当り利益 40.72円 36.89円 -3.83 -9.4% ※上記の差異および増減率は第２四半期

受注残高 26,615 21,476 -5,139 -19.3%

期初発表値（5月8日）との差異

　実績値との比較です。

H23.9月期 H24.9月期前年比増減率

2. Earnings Summary for Q2 FY2012 (Consolidated)

New Contracts

Works completed

Gross Profit

Percentage (%)

SG&A

EPS

Percentage (%)

Percentage (%)

Percentage (%)

Percentage (%)

Operating Income

Ordinary Profit

Net Income

Outstanding Contracts

Q2 FY2012Q2 FY2011 YOY Percent Change (%)

（Unit: Millions of Yen）（Unit: Millions of Yen）

（Reference）

Forecast (Announced on May. 8,2012)

Difference Percent Change (%)

40.72Yen 36.89Yen※Above difference and percent change are

compared to the actual Q2 FY2011 results.

5

103 98 99 121 110

269221 196

197 220

139

112

79

108 102

71

31

38

39 24

0

100

200

300

400

500

600

H20.9月期 H21.9月期 H22.9月期 H23.9月期 H24.9月期

新規設備

改造･改修

定期修理

日常保全

（億円）581

462

412

465457

3. Breakdown of New Contracts by Work Types (Consolidated)

日常保全工事 12,143 11,013 -1,130 -9.3% 10,000 +1,013 +10.1%

19,700 21,999 +2,298 +11.7% 19,500 +2,499 +12.8%

改造･改修工事 10,766 10,206 -560 -5.2% 12,000 -1,794 -15.0%

3,892 2,439 -1,453 -37.8% 9,000 -6,561 -72.9%

46,503 45,659 -844 -1.8% 50,500 -4,841 -9.6%

受注高New Contracts

Daily Maintenance

Regular Repair Works

Remodeling and Refurbishment Works

Construction of New Facilities

Engineering

Q2 FY2012Q2 FY2011 YOY Change (%) Forecast Difference

（Unit: Millions of Yen）¥

Change (%)May. 8,2011

過去5年間の受注高の推移5-Year Summary of New Contracts(Unit: 100 millions of Yen)

●Orders decreased by 0.8 billion yen, a decrease of 4.8 billion yen from the forecast announced at the beginning of FY

【

Daily Maintenance 】1) There were no earthquake reconstruction-related works, which were included in last FY.2) A new subsidiary (Toshin-Seisakusho Co., Ltd.)

【

Regular Repair Works 】1) There were more regular repair works this FY. An increase in the number of works.2) A new subsidiary (Toshin-Seisakusho Co., Ltd.)

【

Remodeling and Refurbishment Works 】1) There were no earthquake reconstruction-related works.2) A decrease from projection made at the beginning of this FY was caused by a decrease in large works and size of works.

【

Construction of New Facilities 】1) Many investment projects were cancelled or delayed, affected by a suppression in capital investment.2) Lost orders from fierce competition.

Daily MaintenanceRegular Repair Works

Remodeling & Refurbishment

New Facilities

1H FY20111H FY20101H FY20091H FY2008 1H FY2012

6

101 98 95 111 103

246 235200 183 216

110 123

89 10179

129

38

3443

66

0

100

200

300

400

500

600


新規設備

改造･改修

定期修理

日常保全

（億円） 587

495

418 439

465

4. Breakdown of Works Completed by Work Types (Consolidated)

過去5年間の完成工事高の推移5-Year Summary of Works Completed(Unit: 100 millions of Yen)

Daily MaintenanceRegular Repair Works

Remodeling & Refurbishment

New Facilities

●Works completed increased by 2.5 billion yen,2.5 billion yen less than the forecast

【Daily Maintenance】1) There were no earthquake reconstruction- related works, which were included last FY.2) New subsidiary (Toshin-Seisakusho Co., Ltd.)

【Regular Repair Works】1) There were more regular repair works this FY. An increase in the number of works.2) A new subsidiary (Toshin-Seisakusho Co., Ltd.)

【Remodeling &Refurbishment】1) There were no earthquake reconstruction- related works, which were included last FY.2) A decrease from projection made at the beginning of this FY was caused by a decrease in large works and size of works.3) Works to be completed in 1H were delayed.

【New Facilities】1) Decrease in orders affected works completed.2) Difference in prospect and the actual projects accounted in “the works in progress standard.”

H23.9月期 H24.9月期前年比増減率期初発表値(5/8) 期初比増減率

日常保全工事 11,079 10,304 -774 -7.0% 10,000 +304 +3.0%

定期修理工事 18,325 21,591 +3,265 +17.8% 19,500 +2,091 +10.7%

改造･改修工事 10,102 7,854 -2,248 -22.3% 11,000 -3,146 -28.6%

新規設備工事 4,285 6,596 +2,311 +53.9% 8,400 -1,804 -21.5%

エンジニアリング業 43,792 46,346 +2,553 +5.8% 48,900 -2,554 -5.2%

その他事業 113 114 +1 +1.0% 100 +14 +14.0%

43,906 46,460 +2,554 +5.8% 49,000 -2,540 -5.2%

完成工事高

合　計

（単位：百万円）

Other Business

Difference Change (%)Works Completed Regular Repair Works



Total

Engineering

Q2 FY2011 Change (%)Q2 FY2012 YOY

Daily Maintenance

Forecast May. 8,2012

（Unit: Millions of Yen）


7

9 8 10 19 18

3820

6565 66

77

64

4956

75

110

113

84

12755

0

50

100

150

200

250

300


新規設備改造･改修定期修理日常保全

（億円）

266

209204

234

215


日常保全工事 890 750 1,041 1,863 1,805

定期修理工事 3,794 1,966 6,548 6,520 6,627

改造･改修工事 7,668 6,386 4,916 5,577 7,497

新規設備工事 11,046 11,321 8,426 12,653 5,545

合　　　計 23,399 20,425 20,931 26,615 21,476


【過去５年間の受注残高の推移（第２四半期）】

5. Outstanding Contracts (Consolidated)

【過去5年間の受注残高の推移】【5-Year Summary of Outstanding Contracts 】【過去5年間の受注残高の推移】【5-Year Summary of Outstanding Contracts 】

Daily MaintenanceRegular Repair WorksRemodeling & RefurbishmentNew Facilities

(Unit: 100 millions of Yen)

Q2 FY2008 Q2 FY2009 Q2 FY2010 Q2 FY2011 Q2 FY2012


Daily Maintenance

Remodeling and Refurbishment WorksConstruction of New Facilities

Total


(Unit: 100 millions of Yen)

8

6,806 6,769

5,103 5,068

4,710

11.6%

13.7%

10.1%

12.2%11.5%

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

20.9月期 21.9月期 22.9月期 23.9月期 24.9月期

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%総利益

総利益率

（百万円）

6. Gross Profit (Consolidated)

(Unit: Millions of Yen)

●Gross margin was 4.71 billion yen, a decrease of 7.1% YOY.

●Gross profit margin decrease d by 1.4 percentage points from 11.5% to 10.1%.

Factors：●Profit rate in overseas work worsened from some underperforming projects.

●Maintenance works remained steady from improved work efficiency and operating rates, cut in cost of works and overhead.

1H FY20121H FY20111H FY20101H FY20091H FY2008

Gross ProfitGross Profit

Margin

9

5,332

5,015

3,5303,363

2,951

6.4%

7.7%

8.4%

10.1%9.1%

0

1,000

2,000

3,000

4,000

5,000

6,000

20.9月期 21.9月期 22.9月期 23.9月期 24.9月期

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

営業利益

営業利益率

（百万円）

7. Operating Income (Consolidated)


●

Operating income was 2.95 billion yen, a decrease of 12.2% YOY.

●Operating profit margin declined by 1.3 percentage points from 7.7% to 6.4%.

Factors：●SG&A increased.

1) New subsidiaries joined (Toshin-Seisakusho Co., Ltd. and SHINKO PLANTECH THAILAND (Thailand))


Operating Income

Operating Margin

10

5,3075,047

3,507 3,399

3,071

9.0% 10.2%

8.4%7.7%

6.6%

0

1,000

2,000

3,000

4,000

5,000

6,000

20.9月期 21.9月期 22.9月期 23.9月期 24.9月期

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

経常利益

経常利益率

（百万円）

8. Non-Operating Profit and Losses / Ordinary Profit

【営業外損益】【経常利益】【経常利益】【Non-Operating Profit and Losses】【

Ordinary Profit 】(Unit: Millions of Yen)

●

Ordinary profit is 3.07 billion yen, a decline of 9.7% YOY.

●Ordinary profit margin decreased by 1.1 percentage points from 7.7% to 6.6%.



H23.9月期 H24.9月期前年比【営業外収益】受取利息 12 8 -3配当金 46 47 +1受取賃借料 89 83 -6受取保険金 138 +138その他 31 28 -3

計 179 305 +126【営業外費用】支払利息 12 11売上割引 36 69 +32為替差損 72 71その他 23 33 +10

計 143 186 +42【営業外損益】 35 119 +83

Non-Operating Income

Interest Income

Dividends Received

Rents Received

Other

Insurance Received

Total

Non-Operating Expenses

Interest Expenses

Foreign Exchange Losses

Sales Discount

Other

【

Non-Operating Profit and Loss 】

Total

Q2 FY2011 Q2 FY2012 YOY

（Unit: Millions of Yen）Ordinary Profit

Margin

Ordinary Profit

11

2,896

1,7051,8821,954

2,912

3.7%

4.3%

4.7%

5.8%5.0%

0

500

1,000

1,500

2,000

2,500

3,000

3,500

20.9月期 21.9月期 22.9月期 23.9月期 24.9月期

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%当期純利益

当期純利益率

（百万円）

9. Extraordinary Losses / Net Income

【当期純利益】【Net Income】(Unit: Millions of Yen)

●

Net profit was 1.7 billion yen, a decrease of 9.4% YOY.

●Net profit margin decreased by 0.6 points from 4.3% to 3.7%.


【Extraordinary Losses】


H23.9月期 H24.9月期前年比【特別利益】固定資産売却益 0 0 +0

計 0 0 +0【特別損失】固定資産売却損 3固定資産除却損 2 0 -1投資有価証券評価損 2 33 +31ゴルフクラブ入会金評価損 2 3 +1

計 7 41 +34【特別損益】 -6 -41 -34

【Extraordinary Profit】

Gain from sale of fixed assets

Total

【

Extraordinary Losses 】

Loss on Retirement of Fixed Assets

Loss on valuation of investment securities

Appraisal Loss of Initial Fee for Country Club

Loss from sale of fixed assets

Total

【

Extraordinary Profit and Losses 】

Q2 FY2011 Q2 FY2012 YOY

（Unit: Millions of Yen） Net Income

Net Income Margin

12

10. Consolidated Balance Sheet (Consolidated)


増減増減

実績構成比実績構成比実績構成比実績構成比実績構成比実績構成比

51,665 75.8% 57,604 77.1% 53,127 76.9% -4,476 39,369 57.7% 43,504 58.2% 37,571 54.4% -5,932

現金預金 13,822 20.3% 13,615 18.2% 10,128 14.7% -3,487支払手形及び工事未払金

33,183 48.7% 36,010 48.2% 31,489 45.6% -4,521

受取手形及び

完成工事未収入金25,578 37.5% 32,816 43.9% 31,567 45.7% -1,249 短期借入金 784 1.2% 551 0.7% 485 0.7% -65

未成工事支出金 9,522 14.0% 7,180 9.6% 10,596 15.3% +3,415 未成工事受入金 1,525 2.2% 1,640 2.2% 1,697 2.5% +56

その他 2,743 4.0% 3,992 5.4% 835 1.2% -3,156 その他 3,876 5.6% 5,302 7.1% 3,900 5.6% -1,402

16,533 24.2% 17,138 22.9% 15,949 23.1% -1,188 929 1.4% 854 1.1% 850 1.2% -4

有形固定資産 11,471 16.8% 11,470 15.3% 11,802 17.1% +332 長期借入金 67 0.1% 57 0.1% 248 0.4% +190

無形固定資産 274 0.4% 250 0.3% 243 0.4% -7 退職給付引当金 65 0.1% 73 0.1% 61 0.1% -12

投資その他の資産 4,786 7.0% 5,417 7.2% 3,903 5.7% -1,513 その他 796 1.2% 723 0.9% 539 0.7% -183

40,299 59.1% 44,358 59.3% 38,421 55.6% -5,936

27,899 40.9% 30,384 40.7% 30,655 44.4% +271

68,199 100.0% 74,742 100.0% 69,077 100.0% -5,665 68,199 100.0% 74,742 100.0% 69,077 100.0% -5,665

H24.9月期H23.9月期

【資産合計】【負債・純資産合計】

【固定資産】

【流動負債】

【固定負債】

【純資産】

【負債合計】


【流動資産】


Cash Deposit

Notes and AccountsReceivable

Disbursement of Uncompleted Works

Other

【Current Assets】

【Fixed assets】

Tangible Fixed Assets

Intangible Fixed Assets

Other Assets

【Total Assets】

【

Current liabilities 】

Payables

Short-Term Debt

Advances Received on Uncompleted Contracts

Other

【

Fixed Liabilities 】

Long-Term Debt

Accrued Retirement Benefit Cost

Other

【

Total Liabilities】

【

Total Net Assets】

【Total liabilities and Assets】

Q2 FY2011Results Percentage

ChangeFY2011Results Percentage Results Percentage

Q2 FY2012 Q2 FY2011Results Percentage

ChangeFY2011Results Percentage Results Percentage

Q2 FY2012


13

-6,000

-4,000

-2,000

0

2,000

4,000

6,000

8,000

H23.3月期 H23.9月期 H24.3月期 H24.9月期

営業活動ＣＦ

投資活動ＣＦ

財務活動ＣＦ

(百万円）

11. Cash Flows (Consolidated)

H22.9月期 H23.3月期 H23.9月期 H24.3月期

営業活動ＣＦ 7,227 142 2,212投資活動ＣＦ -1,649 -67 -1,194財務活動ＣＦ -1,179 -972 -1,217 -1,508

現金及び現金同等物に係-44 -75 21

660 416

4,353 -310 483

Operating Cash Flow

Investment Cash Flow

Financial Cash Flow

Effect of Exchange Rate Changes on Cash and Cash Equivalents

Change in Cash and Cash Equivalents

Change in cash and cash equivalents related to the acquisition of subsidiaries

FY2010 Q2 FY2011 FY2011 Q2 FY2012



1H FY2012FY20111H FY2011FY2010

Operating Cash FlowInvestment Cash FlowFinancial Cash Flow

660

-5,192

42

-56

-6,297

14

(参考）

（単位：百万円）（単位：百万円）

H24.3 前年比増減率

通期実績上期実績下期予想通期予想期初発表値差異増減率期初発表値差異増減率期初発表値差異増減率

受注高 95,906 45,659 50,341 96,000 +94 +0.1% 50,500 -4,841 -9.6% 49,500 +841 1.7% 100,000 -4,000 -4.0%

完成工事高 97,850 46,460 47,540 94,000 -3,850 -3.9% 49,000 -2,540 -5.2% 47,000 +540 1.1% 96,000 -2,000 -2.1%

総利益 10,782 4,710 4,290 9,000 -1,782 -16.5% 5,100 -390 -7.6% 4,900 -610 -12.4% 10,000 -1,000 -10.0%

（率） 11.0% 10.1% 9.0% 9.6% -1.3% - 10.4% -0.3% - 10.4% -1.4% - 10.4% -0.8% -

一般管理費 3,376 1,758 1,842 3,600 +224 +6.6% 1,800 -42 -2.3% 1,800 +42 2.3% 3,600 +0 0.0%

（率） 3.5% 3.8% 3.9% 3.8% +0.5% - 3.7% +0.1% - 3.8% +0.0% - 3.8% +0.1% -

営業利益 7,406 2,951 2,449 5,400 -2,006 -27.1% 3,300 -349 -10.6% 3,100 -651 -21.0% 6,400 -1,000 -15.6%

（率） 7.6% 6.4% 5.2% 5.7% -1.8% - 6.7% -0.4% - 6.6% -1.4% - 6.7% -0.9% -

経常利益 7,589 3,071 2,429 5,500 -2,089 -27.5% 3,370 -299 -8.9% 3,130 -701 -22.4% 6,500 -1,000 -15.4%

（率） 7.8% 6.6% 5.1% 5.9% -1.9% - 6.9% -0.3% - 6.7% -1.6% - 6.8% -0.9% -

当期純利益 4,191 1,705 1,295 3,000 -1,191 -28.4% 1,950 -245 -12.6% 1,750 -455 -26.0% 3,700 -700 -18.9%

（率） 4.3% 3.7% 2.7% 3.2% -1.1% - 4.0% -0.3% - 3.7% -1.0% - 3.9% -0.7% -

1 株当り当期利益 90.67円 36.89円－ 64.89円 -25.78 -28.4% ※上記の差異および増減率は左表の実績値または予想値との比較です。

受注残高 22,158 21,476 － 24,358 +2,200 +9.9%

通期

通期

H25.3修正

期初発表値（5月8日発表）と修正値との差異

上期下期

●We revised earnings forecast downward on Nov. 7th.

12. Earnings Forecast for Full-Year FY2012 (Consolidated)

FY2011

Full-Year Results

New Contracts

Works Completed

Gross Profit

Percentage (%)

SG&A

Percentage (%)

Operating Income

Percentage (%)

Ordinary Profit

Percentage (%)

Net Income

Percentage (%)

EPS

Outstanding Contracts


Full-Year FY2012 Forecast

1st Half Results

2nd Half Forecast

Full-Year Forecast

YOY Percent Change (%)

Full-Year


（Reference）

Forecast Announced at the Beginning of FY (May 8, 2012)

1st Half Full-Year2nd HalfForecast

Announced at the Beginning of FY Difference

Percent Change

(%)

Forecast Announced at the Beginning of FY

DifferencePercent Change

(%)

Forecast Announced at the Beginning of FY

DifferencePercent Change

(%)

※ Above difference and percent changes are compared to the actual 1H FY2012 results or the original forecast.90.67Yen 36.89Yen 64.89Yen

15

13. New Contracts and Works Completed by Segment (Consolidated)

(単位：百万円）

平成24年3月期

通期上期実績下期予想通期予想通期差異

日常保全工事 26,544 11,013 11,987 23,000 -3,544 23,000 +0

定期修理工事 35,477 21,999 17,801 39,800 +4,323 37,000 +2,800

改造･改修工事 23,327 10,206 9,794 20,000 -3,327 22,000 -2,000

新規設備工事 10,556 2,439 10,761 13,200 +2,644 18,000 -4,800

エンジニアリング業 95,906 45,659 50,341 96,000 +94 100,000 -4,000

前年比期初発表値(5/8)

受注高

平成25年3月期　修正

(単位：百万円）

平成24年3月期

通期上期実績下期予想通期予想通期差異

日常保全工事 26,246 10,304 12,696 23,000 -3,246 23,000 +0

定期修理工事 34,404 21,591 18,209 39,800 +5,396 37,000 +2,800

改造･改修工事 23,095 7,854 10,146 18,000 -5,095 20,000 -2,000

新規設備工事 13,905 6,596 6,404 13,000 -905 15,800 -2,800

エンジニアリング業 97,652 46,346 47,455 93,800 -3,852 95,800 -2,000

その他事業 198 114 86 200 +2 200 0

97,850 46,460 47,540 94,000 -3,850 96,000 -2,000合　計

前年比期初発表値(5/8)平成25年3月期　修正

完成工事高

Daily Maintenance




Engineering

New Contracts

Works Completed

Daily Maintenance




Engineering

Other

Total

Full-Year

FY2011 Results Full-Year FY2012 Forecast

1st Half 2nd Half Full-YearDifference

Full-Year Difference


Full-Year

FY2011 Results Full-Year FY2012 Forecast

1st Half 2nd Half Full-YearDifference

Full-Year Difference




16

221 209 203265 230

427360 332

355 398

289

210166

233 200

168

73115

106 132

0

200

400

600

800

1,000

1,200

21.3月期 22.3月期 23.3月期 24.3月期 25.3月期（予）

新規設備

改造･改修

定期修理

日常保全

（億円）

1,105

851816

959 960

221 210 201 262 230

408324 351

344 398

262

227 175

231 180

216

11364

139130

0

200

400

600

800

1,000

1,200

21.3月期 22.3月期 23.3月期 24.3月期 25.3月期（予）

新規設備

改造･改修

定期修理

日常保全

（億円）

1,109

875

978

793

940

10,350

8,113

5,965

7,589

5,500

5.9%

7.8%7.5%

9.3%9.3%

0

2,000

4,000

6,000

8,000

10,000

12,000

21.3月期 22.3月期 23.3月期 24.3月期 25.3月期（予)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%経常利益

経常利益率

（百万円）

4,566

3,000

4,191

3,246

5,380

3.2%

4.3%

4.1%

5.2%

4.9%

0

1,000

2,000

3,000

4,000

5,000

6,000

21.3月期 22.3月期 23.3月期 24.3月期 25.3月期（予)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%当期純利益

当期純利益率

（百万円）

【受注高】【完成工事高】

【経常利益】【当期純利益】

14. Financial Highlights (Consolidated)

【New Contracts】【Works Completed】

【Ordinary Profit】【Net Income】

(Unit: millions of Yen)

(Unit: 100 millions of Yen) (Unit: 100 millions of Yen)

(Unit: millions of Yen)

FY2012(est.)FY2011FY2010FY2009FY2008FY2012(est.)FY2011FY2010FY2009FY2008

FY2011FY2010FY2009FY2008 FY2012(est.) FY2011FY2010FY2009FY2008 FY2012(est.)

New Facilities

Remodeling

Daily Maintenance

Regular Repair

New Facilities

Remodeling

Daily Maintenance

Regular Repair

Net Profit

Net Profit MarginOrdinary Profit

Margin

Ordinary Profit

17

15. About Dividend

Basic Understanding Regarding DividendOur group’s business provide maintenance of petroleum, petrochemical and other plants and belong to the sector that is easily affected by changes in private sector capital expenditure. Therefore, we believe that by strengthening business structure to adapt to the

changes in the business environment and future business expansion, and building stable business base, our corporate value will increase, which will lead to ensuring future profits for the shareholders, clients, business partners,employees, and other related parties.

Dividend PolicyThe target dividend payout ratio (consolidated) is above 30%, with consideration for constant and stable dividend payout. We consider profit sharing with our shareholders as high-priority issue in the management, and should implement dividend policy that correspond to earnings.

Dividend Planned for FY2012●The fiscal year-end dividend is expected to remain unchanged at 30 yen.

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This material includes projections based on future forecast and plans that was available on Nov 13, 2012.

There is a possibility that these projections may be different from actual results, affected by risks such as fluctuations in economic conditions and other uncertain factors.

【Contact】SHINKO PLANTECH CO.,LTD.27-5 Shin Isogo-cho. Isogo-Ku, Yokohama, 235-0017 JapanTakanori KobayashiCorporate Planning Group Corporate Planning Department

Phone. +81-45-758-1953 Facsimile. +81-45-758-1999E-Mail：[email protected]：http://www.s-plantech.co.jp

Q2 FY2012 Consolidated Results (Quarter ended September ......Q2 FY2011 Q2 FY2012 YOY Change (%)...

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