ROHM CO., LTD. Financial Highlights for the First Quarter of... (From April 1, 2014 to June 30, 2014) Consolidated Financial Results

ROHM CO., LTD. Financial Highlights for the First Quarter of... (From April 1, 2014 to June 30, 2014) Consolidated Financial Results
ROHM CO., LTD. Financial Highlights for the First Quarter of the Year Ending March 31, 2015
(From April 1, 2014 to June 30, 2014)
August 1,2014
Consolidated Financial Results
(Figures are rounded down to the nearest million yen. Any fraction less than the unit is rounded off)
’15/3
’14/3
Change from the
previous year
'14/3
First
quarter
First
quarter
Amount Percentage
Annual
'15/3 (Projected)
Change from
Annual the previous
Interim
year
Net sales
Millions of
yen
88,417
80,009
+8,408
+10.5%
331,087 344,000
+3.9% 177,000
Cost of sales
Millions of
yen
59,055
59,132
-77
-0.1%
227,014 234,500
121,400
Selling, general and
administrative expenses
Millions of
yen
20,085
19,018
+1,067
+5.6%
80,437
84,000
41,900
Operating income
Millions of
yen
9,276
1,859
+7,417 +399.0%
23,635
25,500
(10.5%)
(2.3%)
(+8.2%)
(7.1%)
(7.4%)
8,440
8,111
+329
35,915
25,500
(10.1%)
(-0.6%)
(10.8%)
(7.4%)
6,764
6,780
-16
32,091
21,000
(7.7%)
(8.5%)
(-0.8%)
(9.7%)
(6.1%)
(5.6%)
62.75
62.89
-0.14
297.65
194.80
92.76
(Operating income margin)
Ordinary income
Millions of
yen
(Ordinary income margin)
Net income
(9.5%)
Millions of
yen
(Net income margin)
+4.0%
-0.2%
Basic net income per share
yen
Ratio of net income to equity
%
5.0
Ordinary income to total
assets
%
4.9
-0.2%
Total assets
Millions of
yen
762,056 709,984
+52,072
+7.3%
754,407
Net assets
Millions of
yen
667,854 628,413
+39,441
+6.3%
663,387
Equity ratio
%
Net assets per share
yen
Capital expenditures
Millions of
yen
10,925
Depreciation
Millions of
yen
Research and development
costs
Millions of
yen
Number of employees
Foreign exchange rate
(Average yen-dollar rate)
87.6
+7.9%
13,700
Change from
the previous
year
+5.4%
+32.5%
(7.7%)
-29.0%
12,800
-23.6%
(7.2%)
-34.6%
10,000
-18.3%
88.5
-0.9
6,191.19 5,825.18
+366.01
+6.3%
6,149.79
6,796
+4,129
+60.8%
31,754
54,800
+72.6%
30,900
+99.5%
6,892
5,523
+1,369
+24.8%
25,559
38,000
+48.7%
17,000
+48.2%
9,445
8,851
+594
+6.7%
36,536
39,800
+8.9%
19,600
+14.4%
Number
20,275
20,233
+42
+0.2%
19,985
yen/
US$
102.14
97.94
+4.20
+4.3%
100.00
87.9
100.00
100.00
(Note) As the projected data are based on the information that ROHM is currently acquiring as well as specific prerequisites judged as legitimate, actual data may be
considerably different due to various factors.
Contact: Public Relations and Investor Relations Div., 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 conformity 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 Report for the First Quarter of the Year Ending March 31, 2015
[Based on Japanese Standard] (Consolidated)
August 1, 2014
Listed Company Name: ROHM CO., LTD.
Code No.: 6963
URL http://www.rohm.com
Company Representative: (Title) President
(Name) Satoshi Sawamura
(Title) Director, Accounting Headquarters (Name) Eiichi Sasayama
Contact Person:
Scheduled Date for Submitting the Quarterly Financial Reports
August 8, 2014
Scheduled Dividend Payment Date
Preparation of Supplementary Briefing Materials for the Quarterly Settlement : Yes
Briefing Session for the Quarterly Settlement to Be Held
: None
Stock Exchange Listings: Tokyo
TEL +81-75-311-2121
(Figures are rounded down to the nearest million yen.)
1. Consolidated Financial Results for the First Quarter of the Year Ending March 31, 2015 (From April 1, 2014 to June 30, 2014)
(1) Consolidated Results of Operations (Accumulated total)
Net sales
Operating income
(The percentages [%] represent change from the same time of the previous year.)
Ordinary income
Net income for the first quarter
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
88,417
10.5
9,276
399.0
8,440
4.0
6,764
- 0.2
80,009
7.6
1,859
37.0
8,111
First quarter of the year
ending March 31, 2015
First quarter of the year
ended March 31, 2014
(Note) Comprehensive income
-
6,780
-
First quarter of the year ending March 31, 2015: 5,800 million yen (-64.6%)
First quarter of the year ended March 31, 2014: 16,387 million yen (—%)
Net income per share
Diluted net income per share
Yen
First quarter of the year ending March 31, 2015
First quarter of the year ended March 31, 2014
Yen
62.75
62.89
-
(2) Consolidated Financial Position
Total assets
Net assets
Millions of yen
Equity ratio
Millions of yen
First quarter of the year ending March 31, 2015
762,056
Year ended March 31, 2014
754,407
(Reference) Shareholder's equity
First quarter of the year ending March 31, 2015:
Year ended March 31, 2014:
%
667,854
663,387
667,442 million yen
662,983 million yen
87.6
87.9
2. Dividend Details
Annual dividend
End of the first
quarter
Interim
End of the third quarter
Yen
Year ended March 31, 2014
Year ending March 31, 2015
Year ending March 31, 2015
(Estimates)
Yen
-
End of year
Yen
Total
Yen
Yen
20.00
―
30.00
50.00
30.00
―
30.00
60.00
(Note) Revision to recently disclosed dividend estimates: None
3. Consolidated Financial Results Forecast for the Year Ending March 31, 2015 (From April 1, 2014 to March 31, 2015)
(The percentages [%] shown for annual figures represent change from the previous year and those for the quarter figures represent change from the same time of the previous year.)
Net sales
Millions of yen
Interim
Annual
177,000
344,000
Operating income
% Millions of yen
5.4
3.9
13,700
25,500
Ordinary income
Net income per
share
Net income
%
Millions of yen
%
Millions of yen
%
Yen
32.5
7.9
12,800
25,500
- 23.6
- 29.0
10,000
21,000
- 18.3
- 34.6
92.76
194.80
(Note) Revision to recently disclosed figures for consolidated financial results forecast: None
*Note
(1) Major Changes in Subsidiaries during the First Quarter of the Year Ending March 31, 2015
(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, Changes in Accounting Estimates, and Restatement of Revisions
[1] Changes in accounting policies according to revision to accounting standards
: Yes
[2] Other changes in accounting policies other than items indicated in [1]
: None
[3] Change in accounting estimates
: None
[4] Restatement of revisions
: None
(Note) Please refer to “2. Items Regarding Summary Information (Note), (3) Changes in Accounting Policies, Changes in Accounting Estimates, and
Restatement of Revisions” on Page 5 of the Financial Report for the First Quarter of the Year Ending March 31, 2015 (Appendix).
(4) Number of Shares Outstanding (common shares)
[1] Year-end number of shares outstanding
(incl. treasury stocks)
[2] Year-end number of treasury stocks
[3] Average number of shares during the period
(Accumulated total of the quarter)
First quarter of the year ending March 31, 2015
Year ended March 31, 2014
First quarter of the year ending March 31, 2015
Year ended March 31, 2014
First quarter of the year ending March 31, 2015
First quarter of the year ended March 31, 2014
113,400,000 shares
113,400,000 shares
5,594,770 shares
5,594,438 shares
107,805,399 shares
107,813,766 shares
*Description Regarding Implementation Status of Quarterly Review Procedures
This quarterly financial report is not applicable to the quarter review procedures based on 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 Financial Instruments and Exchange Act had not been
completed.
*Explanation on Adequate Usage of Financial Results Forecast
Statements on financial results forecasts in this financial report are based on current information acquired by ROHM as well as specific legitimate premises
for making decisions, therefore ROHM makes no promises as to attaining these forecasts.
Actual financial results may be considerably different due to various factors. For conditions and notes used for making prepositions of financial forecasts,
please refer to “1. Qualitative Information Regarding Business Results, etc. for the First Quarter of the Current Fiscal Year, (3) Qualitative Information
Regarding Consolidated Financial Results Forecast” on Page 4 of the Financial Report for the First Quarter of the Year Ending March 31, 2015 (Appendix).
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
○Table of Contents
1. Qualitative Information Regarding Business Results, etc. for the First Quarter of the Current Fiscal Year
2
(1) Business Results
2
(2) Financial Conditions
4
(3) Qualitative Information Regarding Consolidated Financial Results Forecast
4
2. Items Regarding Summary Information (Note)
5
(1) Major Changes in Subsidiaries During the First Quarter of the Current Fiscal Year
5
(2) Application of Specific Accounting Procedure for Compiling Consolidated Financial Statement
5
(3) Changes in Accounting Policies, Changes in Accounting Estimates, and Restatement of Revisions
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
(3) Note on Consolidated Quarterly Financial Statements
9
10
(Note on going concern)
10
(Note in case of significant change in amount of shareholders’ equity)
10
(Segment information etc.)
10
* Separately attached as supplementary material are “Financial Highlights for the First Quarter of the Year Ending
March 31, 2015.”
1
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
1. Qualitative Information Regarding Business Results, etc. for the First Quarter of the Current Fiscal Year
(1) Business Results
General Overview of Business Performance
The world economy in the first quarter of the fiscal year ending March 31, 2015 remained strong on the whole thanks to
sustained recoveries in the US and Japan, coupled with improvements seen in the European economy, despite some concern
over the slowed growth in China and the worsening situation in the Ukraine and elsewhere. The situation by region is as
follows. In the US, the economy continued its recovery as personal consumption, housing sales and the mining industry
remained steady, while the unemployment rate continued to fall. In Europe, the delayed recovery in corporate earnings caused
by a strong Euro and the situation in the Ukraine cast a dark shadow over business confidence, but a strong economy in
Germany and beginning signs of improvement in Southern Europe made for a gradual recovery. As for Asia, China maintained
its high growth rate after the government took diverse steps to bolster a slowing economy. In India and elsewhere, smaller
growth rates were seen. In Japan, the economy continued its recovery, despite a temporary reaction to the hike in consumption
tax, as signs of a short-term rally were seen, corporate earnings stayed high, and the job situation improved.
In the electronics industry, the demand for smartphones and tablets remained strong and some recovery was seen in the TV
and personal computer markets. The automotive sector was also strong thanks to a firm global economy and increased
adoption of in-vehicle electronics.
Working within this business environment, the ROHM Group continued to strengthen product lineups for the automotive
and industrial equipment markets, where growth is anticipated for the mid- to long-term, and rounded out product series to
increase earnings over the mid to long-term through 4 ‘growth engines’: [1] IC synergy (with LAPIS Semiconductor Co.,
Ltd.), [2] SiC-based power devices and power module products, [3] LEDs and related products, and [4] sensor-related
products. The ROHM Group also continued efforts from the last fiscal year to build up its sales operations in overseas markets
and increase the sales of existing products.
More specifically, for the automotive market, the ROHM Group strengthen such lineup of power ICs for in-vehicle
microcontrollers. For smartphones and tablets, ROHM built up its production systems for power management ICs for Intel
Atom ™ Processors, which are in high demand for tablets, and developed and improved lineups of its sensors, power ICs and
RASMID ® series *1 of ultra-miniaturized components, as well as the world’s smallest transistors it created. For the industrial
equipment market, the ROHM Group developed a gateway development kit for EnOcean *2, and developed and readied for
mass-production baseband ICs that are compliant with the HD-PLC Inside *3 standard for power line communications. In the
lighting field, efforts were directed at improving system solutions that combine wireless communication modules, power
modules and sensors. Furthermore, the ROHM Group newly opened a design center in India as a part of ongoing efforts to
enhance its customer support services in overseas markets.
Additionally, the ROHM Group promoted development of next-generation Wi-SUN communication modules and wireless
communication ICs compatible with Bluetooth Smart *4, and took action to strengthen its organization in order to quickly
transition research and development themes into business.
Under these circumstances, consolidated net sales for the first quarter of the fiscal year ending March 31, 2015 were 88,417
million yen (an increase of 10.5% from the same time last year) and operating income was 9,276 million yen (an increase of
399.0% from the same time last year).
Ordinary income after foreign currency exchange losses was 8,440 million yen (an increase of 4.0% from the same time last
year) and net income for the quarter was 6,764 million yen (a decrease of 0.2% from the same time last year).
*1. RASMID ® (ROHM Advanced Smart Micro Device) Series
The smallest lineup of components in the world, developed utilizing breakthrough manufacturing methods for
unprecedented miniaturization and ultra-high dimensional precision (±10μm).
*2. EnOcean
A next-generation wireless communication standard that utilizes energy harvesting technology to transmit
information using minimal power. In addition to being wireless, no power source or maintenance is required, making
it ideal for HEMS and BEMS. The ROHM Group is a promoter and key member of the EnOcean Alliance, an
organization for promoting the wireless standard, where ROHM will focus on technology development and product
sales.
*3. HD-PLC Inside
A standard for building high-speed communication networks using existing power lines.
*4. Bluetooth Smart
Bluetooth is a near-field digital wireless telecommunication standard for exchanging information (including textual
and voice data) between devices at a distance of several to tens of meters using 2.4 GHz frequency band. It has been
adopted in a number of products, such as keyboards and mice for PCs (mainly notebook PCs), mobile phones, PHSs,
and smartphones. Bluetooth Smart is a brand name that indicates compatibility with Bluetooth ® Low Energy, a low
energy protocol of the Bluetooth standard.
2
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
Overview of Performance by Segment
<ICs>
Consolidated net sales for the first quarter of the year ending March 31, 2015 were 40,878 million yen (an increase of 11.8%
from the same time last year) and segment income was 5,192 million yen (against a segment loss of 387 million yen in the
same quarter last year).
In the digital AV equipment field, sales of power ICs and driver ICs for cameras were down due to difficult market
conditions that have carried over from the previous term, however sales of system ICs for audio equipment were strong. Sales
in the TV market grew thanks to increased adoption of power ICs and LED driver ICs.
Regarding IT applications, sales of lens driver ICs for smartphone camera modules were up, while sales of power ICs for
tablets increased greatly in the personal computer market.
Sales of power ICs improved in the game console market as well, owing to increased demand from some customers.
In the automotive sector, sales of power ICs and LED driver ICs increased due to the higher percentage of electronic
products being integrated into vehicle systems.
Also, in the home appliance and business equipment fields, sales of driver ICs and power ICs grew.
LAPIS Semiconductor Co., Ltd. saw decreased sales for some of their memory ICs for the game console market, but sales
were bullish overall owing to a strong performance from lithium-ion battery monitoring ICs for industrial equipment and
automobiles, and increased use of high resolution display driver ICs in the TV market.
<Discrete Semiconductor Devices>
Consolidated net sales for the first quarter of the year ending March 31, 2015 were 32,385 million yen (an increase of 12.7%
from the same time last year) and segment income was 3,673 million yen (an increase of 65.3% from the same time last year).
Sales of power MOSFETs *5 for automotive applications and PCs remained strong, while small-signal diodes for
smartphones and tablets and rectifier diodes *6 for the automotive market saw increased sales.
In the SiC segment, sales for solar power equipment and air conditioners were robust, while sales to the automotive market
rose due to increased adoption by vehicle manufacturers, who also began using IGBTs *7.
As for LEDs, sales of blue LEDs in the gaming and entertainment markets increased, and, in the laser diode category, sales
rose overall due to a strong demand for the printer market.
*5. MOSFET
Short for Metal Oxide Semiconductor Field Effect Transistor. This type of transistor enables faster switching with
less power consumption than bipolar transistors. It is widely used in a variety of electronic products.
*6. Rectifier Diode
A diode optimized for high-speed switch of medium range currents. They are typically used in current rectification
circuits to protect electrical instrumentation against reverse connection.
*7. IGBT
Short for Insulated Gate Bipolar Transistor. A semiconductor that combines the features of a MOSFET and bipolar
transistor, making it ideal for power control applications.
<Modules>
Consolidated net sales for the first quarter of the year ending March 31, 2015 were 8,438 million yen (an increase of 2.6%
from the same time last year) and segment income was 356 million yen (a decrease of 38.1% from the same time last year).
Sales of printheads for mobile card payment terminals increased, while demand for optical modules such as our IrDA *8
communication modules for gaming consoles and mobile phones fell.
Sales of power modules (i.e. for the camera market) were down.
*8. IrDA
Short for Infrared Data Association, the organization responsible for establishing technical standards for near-field
data communications using infrared light.
3
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
<Others>
Consolidated net sales for the first quarter of the year ending March 31, 2015 were 6,714 million yen (an increase of 3.3%
from the same time last year) and segment income was 546 million yen (against a segment loss of 537 million yen in the same
quarter last year).
Sales of resistors for smartphones and automotive applications increased, while sales of tantalum capacitors for smartphones
were strong.
Regarding our LED lighting products, sales of straight-tube LED lamps were down.
Please note that the above sales figures were to external customers.
(2) Financial Conditions
At the end of the first quarter of the year ending March 31, 2015, total assets of the ROHM Group were 762,056 million
yen, constituting an increase of 7,649 million yen from the end of the previous fiscal year. The primary factors behind this
were increases respectively in securities to 10,274 million yen, miscellaneous investments and other assets to 5,212 million yen
(of which 5,020 million yen were long-term deposits), notes and accounts receivable (trade) to 5,187 million yen and
investment securities to 4,122 million yen. Cash and deposits, on the other hand, decreased by 17,801 million yen.
Liabilities increased 3,183 million yen from the end of the previous fiscal year, to 94,202 million yen. The primary factors
behind this were increases respectively in miscellaneous current liabilities to 3,248 million yen (of which 2,861 million yen
were electronically recorded non-operating monetary claims) and electronically recorded operating monetary claims to 1,086
million yen, which were offset by 1,741 million yen in net defined benefit liabilities.
Net assets increased 4,467 million yen from the end of the previous fiscal year, to 667,854 million yen. This owes primarily
to an increase of 4,835 million yen in retained earnings resulting from net income posted for the quarter.
As a result, equity ratio decreased from the 87.9% registered at the end of the previous fiscal year to 87.6%.
(3) Qualitative Information Regarding Consolidated Financial Results Forecast
Results for the first quarter of the year ending March 31, 2015 exceeded projections from the start of the quarter, owing to
cost reduction efforts and strong sales of ICs, semiconductors and other products to robust automotive, industrial equipment
and overseas consumer product markets. Nevertheless, we cannot exclude the possibility of market uncertainty in the second
quarter and beyond, as well as greater depreciation cost associated with increased capital expenditures. Accordingly, there are
no changes to the current consolidated earnings forecast for the current term from the original projections announced in the
Financial Report for the Year Ended March 31, 2014.
ROHM will adjust already announced performance projections as necessary in line with changes in actual performance.
<Reference> Consolidated Financial Results Forecast for the Year Ending March 31, 2015 (Figures disclosed on May 1, 2014)
(The percentages [%] shown for annual figures represent change from the previous year and those for the quarter figures represent change from the same time of
the previous year.)
Net sales
Interim (2nd Quarter
Consolidated
Cumulative Period)
Annual
Operating income
Ordinary income
Net income
per share
Net income
Millions of
yen
%
Millions of
yen
%
Millions of
yen
%
Millions of
yen
%
Yen
177,000
5.4
13,700
32.5
12,800
-23.6
10,000
-18.3
92.76
344,000
3.9
25,500
7.9
25,500
-29.0
21,000
-34.6
194.80
4
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
2. Items Regarding Summary Information (Note)
(1) Major Changes in Subsidiaries During the First Quarter of the Current Fiscal Year
None
(2) Application of Specific Accounting Procedure for Compiling Consolidated Financial Statement
None
(3) Changes in Accounting Policies, Changes in Accounting Estimates, and Restatement of Revisions
Change in accounting policies
(Application of Accounting Standards for Retirement Benefits)
As of the first quarter of the year ending on March 31, 2015, the ROHM Group is applying ASBJ Statement No. 26 of May
17, 2012 (Accounting Standards for Retirement Benefits) and ASBJ Guidance No. 25 of May 17, 2012 (Guidance on
Accounting Standards for Retirement Benefits) to provisions in Article 35 of the aforementioned standard and Article 67 of
the aforementioned guidance. This has required ROHM to make changes to how retirement benefit obligations and current
service costs are calculated. ROHM has changed how expected benefits are attributed to periods of time from a straight-line
basis to a benefit formula basis, and how discount rates are determined from basing that on an approximate number of years
for the average expected remaining working life of employees to using a single weighted average discount rate that reflects
the estimated timing and amount of each benefit payment.
In applying the aforementioned standard, the ROHM Group adjusted its retained earnings at the beginning of this quarter to
offset the financial impact from changing how retirement benefit obligations and current service costs are calculated, in
accordance with transitional provisions provided for in Article 37 of the aforementioned standard.
As a result, net defined benefit assets were increased by 588 million yen and net defined benefit liabilities were decreased
by 1,525 million yen at the beginning of this quarter, resulting in an increase of 1,305 million yen in retained earnings.
Furthermore, because of the decrease in net defined benefit liabilities and the change in valuation allowances of deferred
tax assets that are included in remeasurements of defined benefit plans posted at the beginning of this quarter,
remeasurements of defined benefit plans were increased by 599 million yen.
The impact of these changes on operating income, ordinary income and income before income taxes and minority interests
for this quarter was negligible.
5
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
3. Consolidated Quarterly Financial Statements
(1) Consolidated Quarterly Balance Sheets
End of the accounting year
ended March 31, 2014
(March 31, 2014)
Assets
Current assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Income taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, equipment and vehicles
Tools, furniture and fixtures
Land
Construction in progress
Accumulated depreciation
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
6
(Unit:millions of yen)
First quarter of the year ending
March 31, 2015
(June 30, 2015)
272,982
67,536
255,181
72,723
2,214
2,250
15,282
25,533
39,739
25,761
4,170
269
8,475
-220
461,745
25,556
23,699
37,951
26,551
3,884
221
9,293
-227
457,086
213,747
465,152
45,585
63,960
15,828
-591,977
212,297
213,477
468,660
46,232
63,970
15,803
-594,811
213,332
66
2,938
3,005
58
4,279
4,338
58,841
723
5,525
12,556
-287
77,359
292,661
754,407
62,963
1,401
5,486
17,768
-321
87,299
304,970
762,056
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
End of the accounting year
ended March 31, 2014
(March 31, 2014)
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Accounts payable - other
Income taxes payable
Deferred tax liabilities
Other
Total current liabilities
Non-current liabilities
Deferred tax liabilities
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets
7
(Unit:millions of yen)
First quarter of the year ending
March 31, 2015
(June 30, 2014)
12,324
7,065
12,595
3,636
45
17,285
52,954
12,341
8,151
12,807
2,224
18
20,533
56,077
25,764
9,948
2,351
38,065
91,019
26,622
8,207
3,295
38,124
94,202
86,969
102,403
561,002
-50,125
700,250
86,969
102,403
565,837
-50,127
705,084
13,347
14,761
-45,788
-4,825
-37,266
404
663,387
754,407
-48,320
-4,082
-37,641
411
667,854
762,056
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
(2) Consolidated Quarterly Statement of Income and Consolidated Quarterly Statement of Comprehensive Income
(Consolidated quarterly statement of income)
(First quarter of the year ending March 31, 2015)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses
Environment readiness fee
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on abandonment of non-current assets
Impairment loss
Loss on reduction of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Income before income taxes and minority interests
Income taxes - current
Income taxes for prior periods
Income taxes - deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income
First quarter of the year ended
March 31, 2014
(From April 1, 2013
To June 30, 2013)
80,009
59,132
20,877
19,018
1,859
(Unit:millions of yen)
First quarter of the year ending
March 31, 2015
(From April 1, 2014
To June 30, 2014)
88,417
59,055
29,361
20,085
9,276
343
233
5,540
237
6,354
358
312
-
188
859
-
99
2
101
8,111
1,690
-
5
1,695
8,440
333
333
0
0
137
17
36
7
5
203
8,241
884
-
566
1,451
6,789
9
6,780
5
27
-
-
4
38
8,402
995
384
251
1,631
6,770
6
6,764
8
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
(Consolidated quarterly statement of comprehensive income)
(First quarter of the year ending March 31, 2015)
Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Comprehensive income attributable to owners of
parent
Comprehensive income attributable to minority
interests
First quarter of the year ended
March 31, 2014
(From April 1, 2013
To June 30, 2013)
6,789
9
(Unit:millions of yen)
First quarter of the year ending
March 31, 2015
(From April 1, 2014
To June 30, 2014)
6,770
2,358
7,239
-
9,597
16,387
1,413
-2,528
143
-970
5,800
16,382
5,790
4
9
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2015
(3) Note on Consolidated Quarterly Financial Statements
(Note on going concern)
No applicable items
(Note in case of significant change in amount of shareholders’ equity)
No applicable items
(Segment information etc.)
[Segment information]
First quarter of the year ended March 31, 2014 (From April 1, 2013 to June 30, 2013)
Information on net sales, profits or losses by individual reportable segments
(Unit: millions of yen))
Reportable segments
ICs
Discrete
semiModules Subtotal
conductor
devices
Others
(Note 1)
Total
Adjusted
amount
(Note 2)
Amount on
consolidated
income
statement
(Note 3)
Sales
Sales to customers
Inter-segment sales or
transfer
Total
Segment profit (-loss)
80,009
36,550
28,734
8,223
73,508
6,500
80,009
493
735
12
1,242
16
1,258
-1,258
37,044
29,470
8,236
74,751
6,517
81,268
-1,258
80,009
-387
2,221
576
2,410
-537
1,873
-13
1,859
(Note) 1.
“Others” is an operational segment that is not included in reportable segments, consisting of business in resistors,
tantalum capacitors, and lightings.
2. The adjusted amount of the segment profit or loss, minus 13 million yen, mainly includes general administrative
expenses of minus 91 million yen that do not attribute to the segment, and the settlement adjusted amount of 77
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 quarter of the year ending March 31, 2015 (From April 1, 2014 to June 30, 2014)
Information on net sales, profits or losses by individual reportable segments
(Unit: millions of yen)
Reportable segments
ICs
Discrete
semiModules Subtotal
conductor
devices
Others
(Note 1)
Total
Adjusted
amount
(Note 2)
Amount on
consolidated
income
statement
(Note 3)
Sales
Sales to customers
Inter-segment sales or
transfer
Total
Segment profit (-loss)
40,878
32,385
8,438
81,702
6,714
88,417
-
88,417
740
844
41
1,626
51
1,677
-1,677
-
41,619
33,229
8,480
83,329
6,765
90,094
-1,677
88,417
5,192
3,673
356
9,222
546
9,768
-491
9,276
(Note) 1.
“Others” is an operational segment that is not included in reportable segments, consisting of business in resistors,
tantalum capacitors, and lightings.
2. The adjusted amount of the segment profit or loss, minus 491 million yen, mainly includes general administrative
expenses of minus 418 million yen that do not attribute to the segment, and the settlement adjusted amount of minus
73 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
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