Summary of Consolidated Financial Results for the Third ... ... 1st quarter-end 2nd quarter-end 3rd...

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Transcript of Summary of Consolidated Financial Results for the Third ... ... 1st quarter-end 2nd quarter-end 3rd...

  • 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 Third Quarter of the Fiscal Year Ending March 31, 2016 (Based on Japanese GAAP)

             February 4, 2016 Company name:     Azbil Corporation    Stock exchange listing:     Tokyo Stock Exchange 1st Section (CODE 6845) URL:   http://www.azbil.com/ Representative:   Hirozumi Sone, President and Chief Executive Officer Contact:   Takayuki Yokota, Executive Officer,

    Head of Group Management Headquarters TEL:   +81-3-6810-1009   Scheduled date to file Quarterly Securities Report: February 12, 2016 Scheduled date to commence dividend payments: - Preparation of supplementary material on quarterly financial results:

     

    Yes  

    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, 2015 (from April 1, 2015 to December 31, 2015)

    (1) Consolidated financial results (Cumulative) Percentages indicate year-on-year changes  

      Net sales Operating income Ordinary income Net income attributable to owners of parent   Millions of yen % Millions of yen % Millions of yen % Millions of yen % Nine months ended December 31, 2015 176,493 (0.0) 6,998 6.3 7,089 (18.3) 3,451 (14.5) Nine months ended December 31, 2014 176,566 4.1 6,586 62.8 8,674 72.2 4,036 53.4   Note: Comprehensive income As of December 31, 2015 2,745 million yen (55.0)%

      As of December 31, 2014 6,103 million yen 8.9%     Net income per share Diluted net income per share   Yen Yen Nine months ended December 31, 2015 47.04 - Nine months ended December 31, 2014 54.66 -  

    (2) Consolidated financial position

      Total assets Net assets Shareholders’ equity ratio   Millions of yen Millions of yen % As of December 31, 2015 246,078 154,528 62.0 As of March 31, 2015 265,718 160,294 59.6   Note : Shareholders’ equity As of December 31, 2015 152,626 million yen

      As of March 31, 2015 158,273 million yen   2. Dividends

      Dividends per share

    1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total   Yen Yen Yen Yen Yen Year ended March 31, 2015 - 31.50 - 31.50 63.00 Year ending March 31, 2016 - 33.50 -     Year ending March 31, 2016 (Forecast)       33.50 67.00

    Note: Revision of dividends forecast for during this period: No

  • 3. Forecast of consolidated financial results for the fiscal year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)   Percentages indicate year-on-year changes  

      Net sales Operating income Ordinary income Net income attributable to owners of parent Net income

    per share   Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen

    Fiscal year 2015 256,000 0.6 17,000 10.8 16,600 (3.2) 9,500 32.5 129.69

    Note: Revision of consolidated financial results forecast for during this period : No  

    * Notes (1) Changes in significant subsidiaries during the period

    (Changes in specified subsidiaries due to changes in the scope of consolidation): New consolidation : None (Company name: -) Exclusion : None (Company name: -)

     

    No

     

    (2) Application of special accounting methods for preparing quarterly consolidated financial statements: No  

    (3) Changes in accounting policies, changes in accounting estimates, and retrospective restatements 1. Changes associated with revision in accounting standards: Yes 2. Other changes: Yes 3. Changes in accounting estimates: No 4. Retrospective restatements: No Note: For details, please refer to “2. Matters concerning summary information (notes) (2) Changes in accounting policies, accounting estimates, and retrospective restatements” on page 10 of the financial results (appendix).  

    (4) Number of issued shares (Common stock) 1. Total number of issued shares at the end of the period (Including treasury shares)

      As of December 31, 2015 75,116,101 shares As of March 31, 2015 75,116,101 shares 2. Number of treasury shares at the end of the period

      As of December 31, 2015 1,865,100 shares As of March 31, 2015 1,263,924 shares 3. Average number of shares during the period (Cumulative from the beginning of the fiscal year)

      Nine months ended December 31, 2015

    73,380,124 shares Nine months ended December 31, 2014

    73,852,673 shares

     

    * Description of the situation of the procedures for reviewing quarterly results This quarterly financial results is not subject to the procedures for reviewing quarterly reports specified in the Financial Instruments and Exchange Act. As of the disclosure of this quarterly financial results, the procedures for reviewing consolidated quarterly financial statements are in progress.

     

    * Regarding the appropriate use of forecast and other special matters (Attention to the description of the future) Sales for the azbil Group tend to be concentrated in the second quarter and the fourth quarter consolidated accounting periods. Since fixed costs are generated constantly through the year, in a typical year profits in the first quarter and the third quarter consolidated accounting periods tend to be lower than those in the other two quarters. Conversely, profits in the second quarter and, especially, the fourth quarter, in which sales are concentrated, tend to be higher than those in the other two quarters.

     

    The projections of azbil Group are based on currently available information and some reasonable assumptions. Due to various factors, actual results may differ from those discussed in this document. Please see “1. Qualitative information on consolidated quarterly financial results (3) Qualitative information on forecast of consolidated financial results” on page 8 of the appendix for preconditions underlying these projections and precautions to follow in using these projections.

     

    (How to obtain supplementary material on quarterly financial results) Supplementary material on quarterly financial results will be published on the company’s website on the same day.

     

     

  • Accompanying Materials Contents

    1. Qualitative information on consolidated quarterly financial results ················································· 2

    (1) Qualitative information on consolidated quarterly business performance ···································· 2

    (2) Qualitative information on consolidated quarterly financial position ········································· 8

    (3) Qualitative information on forecast of consolidated financial results ········································· 8

    2. Matters concerning summary information (notes) ···································································· 10

    (1) Changes in significant subsidiaries during the period ························································· 10

    (2) Changes in accounting policies, accounting estimates, and retrospective

    restatements ········································································································ 10

    3. Consolidated quarterly financial statements ··········································································· 11

    (1) Consolidated quarterly balance sheets ··········································································· 11

    (2) Consolidated quarterly statements of income and Consolidated quarterly

    statements of comprehensive income ··········································································· 13

    Consolidated quarterly statements of income

    The third quarter of the current consolidated cumulative period ··········································· 13

    Consolidated quarterly statements of comprehensive income

    The third quarter of the current consolidated cumulative period ··········································· 14

    (3) Notes to the consolidated quarterly financial statements ····················································· 15

    (Notes regarding assumptions of continuing operations) ····················································· 15

    (Notes regarding significant change in shareholders’ equity) ················································ 15

    (Segment information) ································································