Third Quarter Financial Report

Third Quarter Financial Report
ROHM CO., LTD. Financial Highlights for the First Nine Months of the Year Ending March 31, 2012
(From April 1, 2011 to December 31, 2011)
February 9, 2012
Consolidated Financial Results
(Figures are rounded down to the nearest million yen. Smaller fractions are rounded off.)
Year ending
March 31,2012
Year ended
March 31,2011
First nine
months
First nine
months
Increase/decrease from same
period of previous year
Year ended
March
31,2011
Year ending March 31,2012
(Projected)
Amount
Percentage
Annual
Annual
Increase/decrease
from previous
year
-9.9%
Net sales
Millions of
yen
234,117
262,649
-28,532
-10.9%
341,885
308,000
Cost of sales
Millions of
yen
158,079
164,743
-6,664
-4.0%
219,149
224,000
Selling, general and administrative
expenses
Millions of
yen
66,151
67,330
-1,179
-1.8%
89,999
87,000
Operating income
Millions of
yen
9,886
30,574
-20,688
-67.7%
32,736
-3,000
(4.2%)
(11.6%)
(-7.4%)
(9.6%)
(-1.0%)
8,076
23,079
-15,003
26,805
-5,300
(3.4%)
(8.8%)
(-5.4%)
(7.8%)
(-1.7%)
-10,796
11,614
-22,410
9,632
-18,000
(-4.6%)
(4.4%)
(-9.0%)
(2.8%)
(-5.8%)
-100.14
106.00
-206.14
88.07
-166.95
(Margin)
Ordinary income
Millions of
yen
(Margin)
Millions of
yen
Net income
(Margin)
Basic net income per share
yen
-65.0%
-
-
Ratio of net income to equity
%
1.4
Ordinary income to total assets
%
3.4
Total assets
Millions of
yen
703,520
766,803
-63,283
-8.3%
759,988
Net assets
Millions of
yen
622,814
674,788
-51,974
-7.7%
668,778
%
88.5
87.8
+0.7
yen
5,773.83
6,142.71
-368.88
-6.0%
6,184.91
yen/US$
79.18
86.86
-7.68
-8.8%
85.82
Equity ratio
Net assets per share
Foreign exchange rate
(Average yen-dollar rate)
(Note)
Contact:
87.7
(Second half of the year)
78.00
As the projected data is based on information that ROHM is currently acquiring as well as specific prerequisites judged as legitimate, actual data may be
considerably different due to various factors.
Public Relations and Investor Relations Dept., ROHM CO., LTD.
21, Saiin Mizosaki-cho, Ukyouku, Kyoto 615-8585
+81-75-311-2121
Note: This report is a translation of the financial highlights of the Company prepared in accordance with the provisions set forth in the Securities and Exchange Law and its
related accounting regulations, and in conformty with accounting principles generally accepted in Japan. The original version of this report is written in Japanese. In the
event of any discrepancies in words, accounts, figures, or the like between this report and the original, the original Japanese version shall govern.
- Financial Highlights -
-
-
-
Financial Report for the First Nine Months of the Year Ending March 31, 2012
[Based on Japanese Standard] (Consolidated)
February 9, 2012
Stock Exchange Listings Tokyo, Osaka
Listed Company Name: ROHM CO., LTD.
Code No.:
6963
URL http://www.rohm.co.jp
Company Representative: (Title) President
(Name) Satoshi Sawamura
Contact Person:
(Title) Director, Accounting & Finance Headquarters (Name) Eiichi Sasayama
TEL +81-75-311-2121
Scheduled Date for Submitting the Quarterly Financial Reports:
February 13, 2012
Scheduled Dividend Payment Date:
Preparation of Supplementary Briefing Materials for the Quarterly Settlement:
Yes
Briefing Session for the Quarterly Settlement to Be Held:
None
(Figures are rounded down to the nearest million yen.)
1. Consolidated Business Results for the First Nine Months of the Year Ending March 31, 2012 (From April 1, 2011 to December 31,
2011)
(1) Consolidated Results of Operations (Accumulated total)
(The percentages [%] represent changes from the first nine months of the previous year.)
Net sales
Operating income
Millions of yen
% Millions of yen
Net income for the first nine
months of the year ending
March 31, 2012
Ordinary income
% Millions of yen
% Millions of yen
First nine months of the year
ending March 31, 2012
234,117
-10.9
9,886
-67.7
8,076
-65.0
-10,796
First nine months of the year
ended March 31, 2011
262,649
3.7
30,574
118.0
23,079
81.9
11,614
(Note) Comprehensive Income
%
123.2
First nine months of the year ending March 31, 2012: -34,104 million yen (—%)
First nine months of the year ended March 31, 2011: -18,200 million yen (—%)
Basic net income per share
Diluted net income per share
Yen
Yen
First nine months of the year
ending March 31, 2012
-100.14
-
First nine months of the year
ended March 31, 2011
106.00
-
(2) Consolidated Financial Position
Total assets
Net assets
Millions of yen
First nine months of the year
ending March 31, 2012
Year ended March 31, 2011
(Reference) Equity capital
Shareholder’s equity ratio
Millions of yen
%
703,520
622,814
88.5
759,988
668,778
87.7
First nine months of the year ending March 31, 2012: 622,505 million yen
Year ended March 31, 2011: 666,831 million yen
2. Dividend Details
Dividend per share
End of the first quarter
Interim
Yen
End of the third quarter
Yen
End of year
Annual
Yen
Year ended March 31, 2011
-
65.00
-
Year ending March 31, 2012
-
30.00
-
Year ending March 31, 2012
(Estimates)
Yen
Yen
65.00
130.00
30.00
60.00
(Note) Revision to recently disclosed dividend estimates: None
3. Consolidated Business Results Forecast for the Year Ending March 31, 2012 (From April 1, 2011 to March 31, 2012)
(The percentages [%] shown for Fiscal 2011 figures represent changes from the previous fiscal year.)
Net sales
Operating income
Ordinary income
Millions of yen
% Millions of yen
% Millions of yen
Fiscal 2012
308,000
-9.9
-3,000
-5,300
(Note) Revision to recently disclosed figures for consolidated business results forecast: None
-
Basic net income
per share
Net income
% Millions of yen
-18,000
%
-
yen
-166.95
4. Others
(1) Major Changes in Subsidiaries during the first nine months of the Year Ending March 31, 2012
(Changes to specified subsidiaries accompanying revision on the scope of consolidation): None
New company
- (Company name:
Excluded company - (Company name:
(2) Application of specific accounting method for compiling consolidated financial statements: None
(3) Changes in Accounting Policies, Procedures, Indication Methods, Etc.
[1] Changes according to revision of accounting standards:
None
[2] Other changes:
None
[3] Change in accounting estimates:
None
[4] Restatement of revisions:
None
(4) Number of Shares Outstanding (common shares)
[1] Year-end number of shares outstanding (incl. treasury stocks)
First nine months of the year ending March 31, 2012
113,400,000 shares
Year ended March 31, 2011
115,300,000 shares
)
)
[2] Year-end number of treasury stocks
First nine months of the year ending March 31, 2012
5,584,999 shares
Year ended March 31, 2011
7,484,318 shares
[3] Average number of shares during the period (Accumulated total of the first nine months)
First nine months of the year ending March 31, 2012
107,815,380 shares
First nine months of the year ended March 31, 2011
109,566,906 shares
*Description Regarding Implementation Status of Quarterly Review Procedures
- This quarterly financial report is not applicable to quarter review procedures based on the Financial Instruments and Exchange Act.
At the time of disclosure of this quarterly financial report, the review procedure of the quarterly financial statement based on the
Financial Instruments and Exchange Act had been completed.
*Explanation on Adequate Usage of Business Results Forecast
- Since the statement regarding the business results forecast accounted for in this financial report is based on current information
acquired by ROHM and specific legitimate prerequisites, actual business results may be considerably different due to various
factors. Regarding prerequisites for business results forecast and cautionary notes on using the business results forecast, please
refer to “Qualitative information regarding consolidated business results forecast” on Page 4 of the Financial Report for the First
Nine Months of the Year Ending March 31, 2012 (Appendix).
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
Appendix
• Table of Contents
1. Qualitative information about consolidated business results for the nine months of the current fiscal year......... 2
(1) Qualitative information about consolidated business results............................................................................ 2
(2) Qualitative information regarding consolidated financial conditions............................................................... 4
(3) Qualitative information regarding consolidated business results forecast........................................................ 4
2. Items regarding summary information (Others) .................................................................................................... 5
(1) Major changes in subsidiaries during the first nine months of the year ending March 31, 2012 ..................... 5
(2) Application of specific accounting procedure for compiling consolidated financial statement ....................... 5
(3) Change in accounting methods, changes in accounting estimates, and redisplay of revision .......................... 5
3. Consolidated quarterly financial statements .......................................................................................................... 6
(1) Consolidated quarterly balance sheets............................................................................................................. 6
(2) Consolidated quarterly statement of income and consolidated quarterly statement of comprehensive
income ............................................................................................................................................................. 8
Consolidated quarterly statement of income ................................................................................................... 8
Consolidated quarterly statement of comprehensive income .......................................................................... 9
(3) Note on going concern ................................................................................................................................... 10
(4) Segment information etc. ............................................................................................................................... 10
(5) Note in case of significant change in amount of shareholders’ equity ........................................................... 11
4. Supplementary information.................................................................................................................................. 11
Actual sales .......................................................................................................................................................... 11
* “Financial Highlights for the First Nine Months of the Year Ending March 31, 2012” are attached separately as supplementary
briefing materials.
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
1. Qualitative information about consolidated business results for the nine months of the current fiscal year
(1) Qualitative information about consolidated business results
Overall condition of business performance
During the first nine months of the year ending on March 31, 2012, the severe conditions of the world economy progressed further
due to the effects of the Tohoku Pacific Coast Earthquake, financial and monetary problems in Europe, and a spontaneous decline in
stock values worldwide. Within individual regions, in the US, personal consumption stopped growing at low level and consumer
prices were on an upward trend as unemployment remained severe. Although signs of recovery were seen after autumn, the
recovery of overall economy has been weak.
In Europe, personal consumption, which was sluggish in the first half of the year, stopped slowing down in Germany after autumn.
However, due to the financial crisis that started in Greece, business confidence worsened mainly in Southern Europe, and the
unemployment rate continued to rise, thus the overall economy remained in a sluggish situation.
In Asia, during the first half of the year, the overall economy was robust as personal consumption was strong, but business
expansion slowed down due to increasing anxiety over inflation and the effects of the Tohoku Pacific Coast Earthquake and
flooding in Thailand. Exports, strong in the first half of the fiscal year, slowed down due to the deteriorating European economies.
In Japan, exports sank and personal consumption fell considerably due to decreased production of automobiles, and other products,
on account of the earthquake. Exports progressed on a recovery trend after summer, but they again reverted towards a slowdown
due to a stabilized but appreciated yen. The overall economy was in a severe state affected by continuing high unemployment and
prolonged deflation.
Within the electronic industry, although smart phones and energy-saving related equipment, including LED lighting and solar power
generators, enjoyed solid sales, production and sales of electronic products slowed down. Market segments for audio visual
equipment, game consoles, personal computers and flat-screen TVs were severely affected by the Tohoku Pacific Coast Earthquake
and worsening economy. In addition, flooding in Thailand casted a shadow over the production of automobiles and other electronic
equipment.
Consequently, the electronic component industry suffered from these harsh conditions as well.
In individual sectors, in Japan, production volume of audio-visual equipment, including digital still cameras, game consoles, and
automotive equipment drastically decreased due to the effects of supply chain interruptions and energy-saving measures that came
as a result of the Tohoku Pacific Coast Earthquake. After the summer, being accompanied by the recovery from the earthquake, the
overall economy turned in a direction of recovery, but didn’t reach a full-fledged recovery. Sales of digital still cameras were
sluggish as they were affected by the flooding in Thailand, and sales of flat screen TVs also slowed down as replacement demand
spurred by the transition to digital terrestrial broadcasting has come to the end of its cycle. In Asian regions, growth of personal
computers and flat-screen TVs was slow as it was affected by the Tohoku Pacific Coast Earthquake and deteriorating European
economies. Sales of smart phones and tablet PCs were strong despite these factors.
In the US, the telecommunication infrastructure market and automotive market enjoyed robust sales, but the consumer- electronic
market, consisting mainly of audio-visual equipment, suffered deterioration.
Market in Europe also deteriorated except for telecommunication infrastructure and automotive segments.
Under these circumstances, the ROHM Group exerted itself to strengthen production lines of automotive and electronic equipment,
industrial instruments including medical equipment, digital home appliances, IT and mobile equipment, and also enhanced sales by
increasing the number of FAEs (*1) at individual sales bases including in China. In addition, the group continued to strengthen its
sales structure for non-Japanese customers by establishing new sales companies in India and Brazil, and proceeding with efforts to
form a structure capable of responding to changes in global markets.
The ROHM Group also aims to improve the global environment, by continuing to develop new power devices including SiC and
other eco-friendly devices, and has developed specific driver ICs for automotive LED rear lighting, head lights and daytime running
lights. Furthermore, product lineups of the “AGLED®” series of house hold LED lighting equipment including LED ceiling lights
were drastically enhanced. AGLED Co., Ltd. is the source of these innovations and supports (The Company changed its name from
Maruzen Electric Co, Ltd on October 1, 2011). The group continued to focus on increasing sales of LED-related devices and LED
lighting whose markets are expanding rapidly as next-generation energy-saving lighting sources.
The ROHM Group also worked to augment business synergy, by strengthened partnership structures with Lapis Semiconductor Co.,
Ltd. (renamed from OKI Semiconductor Co, Ltd. on October 1, 2011), which ROHM purchased in 2008, SiCrystal AG, a German
SiC wafer manufacture that ROHM acquired in 2009, and the US based Kionix, which is a MEMS acceleration sensor (*2) supplier.
On the other hand, the ROHM Group was forced to temporarily suspend operations at the two strongholds of Miyagi and Ibaragi on
account of the Tohoku Pacific Coast Earthquake, and at factories including two semiconductor assembly plants and a molding plant
due to the flooding in Thailand, which attributed to a considerable decrease in sales.
Under these circumstances, consolidated net sales in the nine months of the year ending March 31, 2012 were 234,117 million yen
(a decrease of 10.9 percent from the nine months of the year ended March 31, 2011), and with the progressing appreciation of yen,
operating profits were 9,886 million yen (a decrease of 67.7 percent from the nine months of the year ended March 31, 2011).
Ordinary income was 8,076 million yen (a decrease of 65.0 percent from the first nine months of the year ended March 31, 2011).
Bearing the effects of the flooding in Thailand and the depletion of good will, net loss for the nine months of the year ending March
31, 2012 was 10,796 million yen (net profit of 11,614 million yen in the nine months of the year ended March 31, 2011).
-2-
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
*1. FAE (Field Applications Engineer)
Engineers and technicians who provide technical support and proposals including technical information to customers.
*2. MEMS acceleration sensors
Electronic device having a micro-electromechanical structure that mounts a sensor for measuring changes in speed on a
silicon chip by means of semiconductor micro fabrication technology.
Overview of performance in each segment
<ICs>
Consolidated net sales in the nine months of the year ending March 31, 2012 recorded 113,735 million yen (a decrease of 16.8
percent from the nine months of the year ended March 31, 2011), and segment losses amounted to 2,776 million yen (segment
profits of 8,024 million yen recorded in the same period of the year ended March 31, 2011)
In digital audio and visual equipment segments, system power source ICs for digital still cameras and lens controller driver ICs
enjoyed robust sales. For flat-screen TVs, as replacement demand slowed down due to the Tohoku Pacific Coast Earthquake and
the switching to terrestrial digital broadcasting after the summer, power source ICs, Speaker amplifier and timing controllers
suffered from slowing sales. In the mobile phone market, system power source ICs and illumination sensor ICs recorded strong
sales, but sales of LED driver ICs for other mobile phones decreased.
In the game console category, sales of voice generation ADPCM decoder ICs (*3) and power supply ICs declined, due to
continuing sluggish market conditions.
In the personal computer category, sales of fan motor driver ICs and power supply ICs were sluggish. For the automotive
component market, in the first half of the year, sales of power source ICs for engine control units deteriorated, but, after the
summer, sales went on a recovery trend thanks to a recovery from the effects of the Tohoku Pacific Coast Earthquake.
Power source ICs for automotive audio equipment remained sluggish. In the general-purpose equipment category, stepping motor
driver ICs (*4) continuously enjoyed strong sales, and EEPROMs also increased sales after the summer, but sales of LDO
regulators (*5) slowed down.
At Lapis Semiconductor Co., Ltd., a ROHM Group company, sales of LCD driver ICs were strong, but sales of memory ICs for
amusement fell off considerably.
With regards to production systems, ROHM continued strengthening work on improving efficiency in pre- and post-processes,
while sharing production lines with Lapis Semiconductor Co., Ltd.
*3. Voice Generation ADPCM (Adaptive Differential Pulse Code Modulation) Decoder IC
An IC for demodulating voice-compressed data in the form of ADPCM (one of the systems for converting voice into
digital data, which, by digitalizing the difference with the data that was most recently digitalized, besides digitalizing
voices at regular time intervals, reduces the amount of data without losing sound quality) and for reproducing audio via
speakers.
*4. Stepping motor driver ICs
Motor driver ICs which drive stepping motors (motors that rotate a certain degree in accordance with the number of DC
pulses added)
*5. LDO (Low Drop Out) regulator
A circuit for outputting a desired constant voltage from a certain input voltage. LDO stands for Low Drop Out type,
which suffers minimal loss in conversion.
<Discrete semiconductor devices>
Consolidated net sales for the nine months of the year ending March 31, 2012 recorded 80,327 million yen (a decrease of 7.8
percent from the nine months of the year ended March 31, 2011), and segment profits were 10,179 million yen (a decrease of 40.0
percent from the nine months of the year ended March 31, 2011).
In the diode and transistor categories, overall sales slowed down due to the effects of the Tohoku Pacific Coast Earthquake and
sluggish flat screen TV market. Sales of high efficiency power MOSFETs, which were robust in the first half of the fiscal year,
deteriorated after autumn.
In the light emitting diode category, white LEDs for LED lighting equipment leaned towards recovery, but did not come to any
considerable increase.
In the area of laser diodes, sales of dual wavelength pulsation lasers for CD/DVD (*6) and lasers for DVD trended towards
recovery.
In addition, ROHM strengthened its lineup of SiC diode transistor products, which the company began selling as next-generation
high efficiency devices in 2010, and further proceeded with sales promotion activities.
ROHM also continued to improve production efficiency at individual group factories in Thailand, the Philippines, and Tianjin,
China, making efforts to enhance cost control power.
*6. Dual wavelength pulsation laser for CD/DVD
Dual wavelength laser diode of self-pulsation type in which a single element generates two lights, of 780 nm used in
playing CDs and 650 nm used in playing DVDs.
-3-
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
<Others>
Consolidated net sales for the nine months of the year ending March 31, 2012 marked 40,054 million yen (an increase of 3.1
percent from the nine months of the year ended March 31, 2011), and segment profits were 447 million yen (a decrease of 89.4
percent from the nine months of the year ended March 31, 2011).
In the resistors category, sales of super-small 0402 size resistors greatly increased, but overall sales slowed down.
In the tantalum capacitor category, sales numbers for mobile phone equipment decreased as well.
In the module product category, as the result of enhancing product line up of LED lighting module products, which have been
garnering attention, sales of power modules used in LED lighting and infrared reception modules for remote control steadily
increased.
Demand for lighting products (LED lighting) also increased as mounting demand for energy-saving products drastically increased
for straight tube type LED lights. Consequently, the sales were on the rise.
In the sensor category, sales of proximity sensors were strong as smart phones enjoyed strong sales.
In the print head category, sales were sluggish because of adjustments continuing in the mini-printer market.
In the LED display category, as the existing mobile phone market was sluggish, sales of dot-matrix type displays slowed down.
In the area of production systems, the ROHM Group continued to make the utmost efforts to strengthen production management
systems, to improve production efficiency, and to reduce costs at a group factory in Dalian, China.
The net sales mentioned above are sales to external customers.
(2) Qualitative information regarding consolidated financial conditions
Analysis of status of assets, liabilities and net assets
During the first nine months of the year ending March 31, 2012, total assets decreased by 56,468 million yen from the previous
year, amounting to 703,520 million yen. The main factors behind the decrease are as follows: cash and time deposits decreased by
32,599 million yen, intangible fixed assets decreased by 10,450 million yen, tangible fixed assets by 7,643 million yen and notes
and accounts receivable trade decreased by 6,932 million yen.
Liabilities decreased by 10,503 million yen from the previous fiscal year, amounting to 80,706 million yen. The main cause was
that deferred tax liabilities decreased by 8,974 million yen.
Net assets decreased by 45,964 million yen from the previous fiscal year, amounting to 622,814 million yen. Decreases in
shareholder equity by 21,042 million, foreign currency translation adjustments of 18,951 million yen and a valuation difference of
available-for-sale securities of 4,332 million were the main causes.
Consequently, equity ratio increased from the 87.7 percent of the previous fiscal year to 88.5 percent.
(3) Qualitative information regarding consolidated business results forecast
In this third quarter of the year ending March 31, 2012 (From October 1, 2011 to December 31, 2011), although sales were sluggish
due to the effects of flooding in Thailand and the slowing market situation, since the recovery work from the flood damage
progressed steadily, business was robust contrary to our previous forecast. However, the market at present remains in an extremely
severe state, and due to increasing write-off costs incurred to renew fixed assets that were damaged by disasters, and since expenses
are expected to reconstruct the BCM system, business in fourth quarter of the year ending March 31, 2012 (From January 1, 2012 to
March 31, 2012) will be much worse than we anticipated. In consideration of these factors, the business forecast for the year ending
March 31, 2012 remains the same as the forecast on November 9, 2011.
(Note) Business results forecast for the year ending March 31, 2012. (Numbers were disclosed on November 9, 2011.)
Business results forecast for the year ending March 31, 2012 (Consolidated)
Net sales
308,000 million yen (Decrease by 9.9 percent from the first nine months of the previous fiscal year)
Operating loss
3,000 million yen
Ordinary loss
5,300 million yen
Net loss
18,000 million yen
The forecasts are based on an exchange rate of 78 yen to US$1.
-4-
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
2. Items regarding summary information (Others)
(1) Major changes in subsidiaries during the first nine months of the year ending March 31, 2012
None
(2) Application of specific accounting procedure for compiling consolidated financial statement
None
(3) Change in accounting methods, changes in accounting estimates, and redisplay of revision
None
-5-
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
3. Consolidated quarterly financial statements
(1) Consolidated quarterly balance sheets
End of the accounting year
ended March 31, 2011
(March 31, 2011)
Assets
Current assets
Cash and time deposits
Notes and accounts receivable trade
Securities
Commodities and products
Products in progress
Raw materials and inventories
Prepaid pension cost
Deferred tax assets
Refundable income taxes
Others
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures
Machinery, equipment and vehicles
Tools and furniture
Land
Construction in progress
Accumulated depreciation
Total tangible fixed assets
Intangible fixed assets
Goodwill
Others
Total intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Others
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets
-6-
(Unit: millions of yen)
First nine months of the year
ending March 31, 2012
(December 31, 2011)
230,286
73,297
28,094
23,525
35,350
25,077
2,263
8,475
397
9,765
-286
436,247
197,687
66,365
29,628
16,526
40,481
28,062
2,239
6,181
3,135
9,552
-253
399,606
211,806
476,651
42,672
85,903
15,026
-579,844
252,216
211,590
470,033
42,032
85,119
16,840
-581,043
244,573
20,346
7,879
28,225
9,631
8,144
17,775
37,159
1,597
5,088
-545
43,299
323,741
759,988
36,335
811
4,963
-546
41,564
303,913
703,520
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
End of the accounting year
ended March 31, 2011
(March 31, 2011)
Liabilities
Current liabilities
Notes and accounts payable trade
Other accounts payable
Accrued income taxes
Deferred tax liabilities
Allowance for restructuring expenses
Allowance for disaster loss
Others
Total current liabilities
Long-term liabilities
Deferred tax liabilities
Liabilities for retirement benefits
Others
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Common share
Capital surplus
Retained earnings
Treasury stock-at cost
Total shareholders' equity
Unrealized or translated gains/loss
Net unrealized gain on available-for-sale securities
Foreign currency translation adjustments
Total unrealized or translated gains/losses
Minority interests
Total net assets
Total of liabilities and net assets
-7-
(Unit: millions of yen)
First nine months of the year
ending March 31, 2012
(December 31, 2011)
21,904
22,486
3,180
1,053
147
1,745
13,815
64,333
24,037
22,491
1,695
906
121
639
13,163
63,054
16,554
8,344
1,976
26,876
91,209
7,580
7,918
2,152
17,652
80,706
86,969
102,403
633,388
-67,120
755,641
86,969
102,403
595,310
-50,083
734,599
5,859
-94,669
-88,810
1,947
668,778
759,988
1,527
-113,620
-112,093
308
622,814
703,520
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
(2) Consolidated quarterly statement of income and consolidated quarterly statement of comprehensive income
(Consolidated quarterly statement of income)
(First nine months of the year ending March 31, 2012)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Others
Total non-operating income
Non-operating expenses
Foreign currency exchange loss
Others
Total non-operating expenses
Ordinary income
Extraordinary gains
Gain on sales of fixed assets
Gain on Termination of Certain Retirement Benefit Plans
Gain on insurance adjustments
Total extraordinary gains
Extraordinary losses
Loss on sales/disposal of fixed assets
Abandonment loss on fixed assets
Impairment loss
Loss by disaster
Loss on reduction of fixed asset
Loss on revaluation of investment securities
Loss on revaluation of affiliate companies’ stocks
Special severance payments for early retirement
Restructuring expenses
Amount affected by application of Accounting Standard
on Asset Retirement Obligations
Total extraordinary losses
Income (-loss) before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income (-loss) of minority shareholders before adjustment of
profits and losses
Income of minority shareholders
Net income (-loss)
-8-
First nine months of the year
ended March 31, 2011
(From April 1, 2010
To December 31, 2010)
262,649
164,743
97,905
67,330
30,574
(Unit: millions of yen)
First nine months of the year
ending March 31, 2012
(From April 1, 2011
To December 31, 2011)
234,117
158,079
76,038
66,151
9,886
717
361
450
1,529
885
411
576
1,874
8,625
399
9,024
23,079
3,558
125
3,683
8,076
69
1,841
1,910
264
534
799
33
1,907
1
341
1,025
1,005
148
8
111
9,143
10,003
133
405
443
-
4,463
20,527
6,237
2,594
8,832
11,694
20,248
-11,372
3,645
-4,232
-586
-10,785
80
11,614
10
-10,796
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
(Consolidated quarterly statement of comprehensive income)
(First nine months of the year ending March 31, 2012)
Income (-loss) of minority shareholders before adjustment of
profits and losses
Other comprehensive income
Valuation difference of available-for-sale securities
Other valuation difference of foreign exchange
translations
Total other comprehensive income
Comprehensive Income
(breakdown)
Comprehensive Income Attributable to Parent Company
Shareholders
Comprehensive Income Attributable to Minority
Shareholders
-9-
First nine months of the year
ended March 31, 2011
(From April 1, 2010
To December 31, 2010)
11,694
First nine months of the year
ending March 31, 2012
(From April 1, 2011
To December 31, 2011)
-10,785
-1,748
-28,147
-4,332
-18,986
-29,895
-18,200
-23,318
-34,104
-18,242
-34,079
42
-25
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
(3) Note on going concern
No applicable items
(4) Segment information etc.
[Segment information]
First nine months of the year ended March 31, 2011 (From April 1, 2010 to December 31, 2010)
Information on net sales, profits or losses by individual reportable segments
(Unit: millions of yen)
Reportable segments
ICs
Discrete
semiconductor Subtotal
devices
Others
(Note 1)
Total
Adjusted
amount
(Note 2)
Amount on
consolidated
income
statement
(Note 3)
Sales
Sales to
136,687
87,108 223,795
38,853
262,649
262,649
customers
Inter-segment
1,524
1,016
2,540
3
2,544
-2,544
sales or transfer
138,212
88,124 226,336
38,857
265,193
-2,544
262,649
Total
Segment profit
8,024
16,954
24,978
4,231
29,210
1,364
30,574
(-loss)
(Note) 1. “Others” is an operational segment that is not included in reportable segments, consisting of
business in resistors, printheads, optical modules, tantalum capacitors, power modules, and
lightings (LEDs).
2. The adjusted amount of the segment profit or loss, 1,364 million yen, mainly includes general
administrative expenses of minus 1,010 million yen that do not attribute to the segment, and the
settlement adjusted amount of 2,375 million yen, which is not allocated to the segment (such as
adjustment for retirement benefits).
3. For segment profits or loss, adjustments are made using the operating income of the consolidated
quarterly statements of income.
First nine months of the year ending March 31, 2012 (From April 1, 2011 to December 31, 2011)
Information on net sales, profits or losses by individual reportable segments
(Unit: millions of yen)
Reportable segments
ICs
Discrete
semiconductor
devices
Subtotal
Others
(Note 1)
Total
Adjusted
amount
(Note 2)
Amount on
consolidated
income
statement
(Note 3)
Sales
Sales to
80,327 194,062
40,054
234,117
234,117
113,735
customers
Inter-segment
1,462
755
2,217
0
2,218
-2,218
sales or transfer
Total
81,082 196,280
40,055
236,335
-2,218
234,117
115,197
Segment profit
-2,776
10,179
7,402
447
7,850
2,036
9,886
(-loss)
(Note) 1. “Others” is an operational segment that is not included in reportable segments, consisting of
business in resistors, printheads, optical modules, tantalum capacitors, power modules, and
lightings.
2. The adjusted amount of the segment profit or loss, 2,036 million yen, mainly includes general
administrative expenses of minus 559 million yen that do not attribute to the segment, and the
settlement adjusted amount of 2,596 million yen, which is not allocated to the segment (such as
adjustment for retirement benefits).
3. For segment profits or loss, adjustments are made using the operating income of the consolidated
quarterly statements of income.
-10-
ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2012
(5) Note in case of significant change in amount of shareholders’ equity
ROHM decided, in the board of directors meeting held on May 10, 2011, to retire a part of own shares according to provisions of
Article 178 of the Companies Act. Of the shares owned on May 31, 2011, the following shares were retired.
1. Category of shares to be retired:
2. Number of shares to be retired:
3. Total amount of retired shares:
Common shares
1,900,000 shares
17,039 million yen
4. Supplementary information
Actual sales
First nine months of the year
ended March 31, 2011
From April 1, 2010
To December 31, 2010
Amount
Ratio
Segment
ICs
Discrete semiconductor devices
Total of reportable segments
Others
Total
(Note)
136,687
87,108
223,795
38,853
262,649
52.0%
33.2
85.2
14.8
100.0
(Unit: millions of yen)
First nine months of the year
ending March 31, 2012
From April 1, 2011
To December 31, 2011
Amount
Ratio
113,735
80,327
194,062
40,054
234,117
48.6%
34.3
82.9
17.1
100.0
The above amounts are sales to external customers and do not contain consumption tax and the like.
-11-
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