ROHM Co., Ltd. Financial Highlights for the First Nine Months of the Year Ending March 31, 2016 (From April 1, 2015 to December 31, 2015) February 4, 2016 Consolidated Financial Results (Figures are rounded down to the nearest million yen. Any fraction less than the unit is rounded off.) '16/3 '15/3 First nine months First nine months Change from the previous year Amount Percentage '15/3 '16/3 (Projected) Annual Annual Net sales Millions of yen 274,387 275,232 -845 -0.3% 362,772 363,000 Cost of sales Millions of yen 177,230 178,786 -1,556 -0.9% 235,042 239,000 Selling, general and administrative expenses Millions of yen 66,787 64,364 +2,423 +3.8% 88,929 90,000 Operating income (loss) Millions of yen 30,369 32,080 -1,711 -5.3% 38,800 34,000 (11.1%) (11.7%) (-0.6%) (10.7%) (9.4%) Ordinary income (loss) Millions of yen 40,664 51,296 -10,632 59,218 40,000 (14.8%) (18.6%) (-3.8%) (16.3%) (11.0%) Profit attributable to owners of parent Millions of yen 31,445 38,290 -6,845 45,296 31,000 (11.5%) (13.9%) (-2.4%) (12.5%) (8.5%) 295.83 355.18 -59.35 420.16 291.97 -20.7% -17.9% Change from the previous year +0.1% -12.4% -32.5% -31.6% Figures in ( ) indicate ratio to sales. Net income (loss) per share yen Net income to equity ％ 6.4 Ordinary income to total assets ％ 7.3 -16.7% Total assets Millions of yen 834,772 857,801 -23,029 -2.7% 864,380 Net assets Millions of yen 734,426 746,773 -12,347 -1.7% 752,433 Equity ratio ％ 87.9 87.0 +0.9 Net assets per share yen 6,938.56 6,922.61 +15.95 +0.2% 6,975.07 Capital expenditures Millions of yen 38,474 35,686 +2,788 +7.8% 48,739 65,000 +33.4% Depreciation Millions of yen 27,841 23,977 +3,864 +16.1% 34,467 40,800 +18.4% Research and development costs Millions of yen 30,522 29,393 +1,129 +3.8% 39,996 40,900 +2.3% Number of employees Number 21,078 20,432 +646 +3.2% 20,843 Foreign exchange rate (Average yen-dollar rate) yen/US$ 121.49 107.27 +14.22 +13.3% 110.03 (Note) 87.0 The projected data are as of Nobember 5, 2015, based upon assumptions which the company considers reasonable at that time, therefore, the projected data are not intended to guarantee to be achived by ROHM. Actual results may differ considerably by the changes of environment and so forth. Contact: Public Relations and Investor Relations Div., ROHM Co., Ltd. 21, Saiin Mizosaki-cho, Ukyo-ku, Kyoto 615-8585 Japan +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. - Fi nanci al Hi ghl i ghts - Financial Report for the First Nine Months of the Year Ending March 31, 2016 [Based on Japanese Standard] (Consolidated) February 4, 2016 Stock Exchange Listings: Tokyo Listed Company Name: ROHM CO., LTD. Code No.: 6963 URL http://www.rohm.com Company Representative: (Title) President Contact Person: (Title) Director, Accounting Headquarters Scheduled Date for Submitting the Quarterly Financial Reports Scheduled Dividend Payment Date Preparation of Supplementary Briefing Materials for the Quarterly Settlement: Briefing Session for the Quarterly Settlement to Be Held: (Name) Satoshi Sawamura (Name) Eiichi Sasayama February 9, 2016 Yes None TEL +81-75-311-2121 (Figures are rounded down to the nearest million yen.) 1. Consolidated Financial Results for the First Nine Months of the Year Ending March 31, 2016 (From April 1, 2015 to December 31, 2015) (1) Consolidated Results of Operations (Accumulated total) (The percentages [%] represent change from the same time of the previous year.) Net sales Operating income % Millions of yen Millions of yen First nine months of the year ending March 31, 2016 First nine months of the year ended March 31, 2015 (Note) Comprehensive income Profit attributable to owners of parent % Millions of yen % Ordinary income % Millions of yen 274,387 -0.3 30,369 -5.3 40,664 -20.7 31,445 -17.9 275,232 9.1 32,080 72.6 51,296 57.6 38,290 72.3 First nine months of the year ending March 31, 2016: 15,041 million yen (-83.2%) First nine months of the year ended March 31, 2015: 89,582 million yen (58.7%) Net income per share Yen First nine months of the year ending March 31, 2016 First nine months of the year ended March 31, 2015 Diluted net income per share Yen 295.83 ― 355.18 ― (2) Consolidated Financial Position Total assets Millions of yen First nine months of the year ending March 31, 2016 Year ended March 31, 2015 (Reference) Shareholder’s equity Net assets Millions of yen Equity ratio % 734,426 834,772 87.9 864,380 752,433 First nine months of the year ending March 31, 2016: 733,935 million yen Year ended March 31, 2015: 751,937 million yen 87.0 2. Dividend Details Year ended March 31, 2015 End of the first quarter Yen ― Interim Year ending March 31, 2016 ― Year ending March 31, 2016 (Estimates) (Note) Revision to recently disclosed dividend estimates: None Annual dividend End of the third quarter Yen Yen 45.00 ― 65.00 ― End of year Total Yen 85.00 Yen 130.00 65.00 130.00 3. Consolidated Financial Results Forecast for the Year Ending March 31, 2016 (From April 1, 2015 to March 31, 2016) (The percentages [%] represent change from the previous year.) Net sales Operating income Profit attributable to owners of parent % Millions of yen % -32.5 31,000 -31.6 Ordinary income Millions of yen % Millions of yen % Millions of yen Annual 363,000 0.1 34,000 -12.4 40,000 (Note) Revision to recently disclosed figures for consolidated financial results forecast: None Net income per share Yen 291.97 *Note (1) Major Changes in Subsidiaries During the First Nine Months of the Current Fiscal Year (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 Quarterly Financial Statement: 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 Nine Months of the Year Ending March 31, 2016 (Appendix). (4) Number of Shares Outstanding (common shares) [1] [2] [3] Year-end number of shares outstanding (incl. treasury stocks) First nine months of the year ending March 31, 2016 113,400,000 shares Year ended March 31, 2015 113,400,000 shares Year-end number of treasury stocks First nine months of the year ending March 31, 2016 7,623,693 shares Year ended March 31, 2015 5,596,799 shares Average number of shares during the period (Accumulated total of the quarter) First nine months of the year ending March 31, 2016 106,295,088 shares First nine months of the year ended March 31, 2015 107,804,777 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 been completed. *Explanation on Adequate Usage of Financial Results Forecast Statements on financial results forecasts in this financial report are valid as of November 5, 2015 and based on information acquired by ROHM as well as specific legitimate premises for making decisions at that time, 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 Nine Months of the Current Fiscal Year, (3) Qualitative Information Regarding Consolidated Financial Results Forecast” on Page 4 of the Financial Report for the First Nine Months of the Year Ending March 31, 2016 (Appendix). ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 ○ Table of Contents 1. Qualitative Information Regarding Business Results, etc. for the First Nine Months 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 Nine Months of the Current Fiscal Year ................................................ 5 (2) Application of Specific Accounting Procedure for Compiling Consolidated Quarterly 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 Sheet ................................................................................................................................ 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 Consolidated Quarterly Financial Statement ......................................................................................................... 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 Nine Months of the Year Ending March 31, 2016.” -1- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 1. Qualitative Information Regarding Business Results, etc. for the First Nine Months of the Current Fiscal Year (1) Business Results General Overview of Business Performance The world economy in the third quarter of the fiscal year ending in March 2016 held firm on the whole, despite slowing economic growth in China and elsewhere, as mild but sustained upturns in Europe and Japan added to the paced recovery in the USA. By individual regions, the US economy remained in good shape as the rise in new jobs added to the continuing recovery in personal spending and housing investment, despite signs of declining growth in exports and capital expenditures. Europe stayed on a recovery track in the early part of the quarter thanks to a strong showing by Germany and the UK, but the recovery lost some momentum in the latter half of the quarter because of slowdown of business earnings. In Asia, China's growth rate dropped due to falling industrial production and slowing growth of capital expenditures, and the economy in Thailand slowed due to stagnant domestic demand. On the other hand, domestic demand in India was the driving force behind the mild recovery in their economy, and signs of recovery were seen in Korea in the latter half of the quarter. In Japan, though capital expenditures were sluggish, the economy made slights gains as business earnings stayed in positive territory owing to a persistently weaker yen. In the electronics industry, sales of tablet PCs slumped as diffusion plateaued and sluggishness continued in the existing personal computer and digital still camera markets, while smartphones, 4K TVs (*1) and high resolution audio devices (*2) held firm. The automotive electronics market remained steady against falling vehicle sales in Japan, thanks to increased use of invehicle electronics and strong vehicle sales in the USA and Europe. Working within this business environment, the ROHM Group continued to implement important strategies aimed at improving performance in the mid- to long-term. With regards to products, efforts were directed at expanding lineups via the 4 ‘growth engines’ of [1] IC synergy (with LAPIS Semiconductor Co., Ltd.), [2] SiC-based power devices and power module products, [3] optical devices and related products, and [4] sensor-related products. In current product fields, time and resources were focused on developing and increasing sales of new industry-leading products like the RASMID ® series (*3) of ultraminiaturized components. More specifically, the ROHM Group strengthened its lineups of major business line ICs and semiconductors for the automotive and industrial equipment markets, both of which are treated as strategic markets. Development moved forward on new products in anticipation of market needs, such as the industry's first communication IC compliant with CXPI (*4), the world's first trench MOSFET (*5) as to SiC, lithium ion batteries monitoring ICs, and high voltage DC/DC converters. For consumer markets, development focused on power ICs for tablets, wireless communications ICs and microcontroller boards, and USB Type-C Power Delivery (*6) controller ICs. Moreover, ROHM acquired Powervation Ltd. (now Rohm Powervation Ltd.), a fabless semiconductor company that develops and sells digital power control ICs to accelerate the development of digital power ICs. Overseas, the ROHM Group continued efforts to strengthen customer support systems as a means for increasing both sales and market share. On the production front, the ROHM Group continued to promote RPS (ROHM Production System) activities (*7) aimed at enhancing both the quality and efficiency of manufacturing, and took steps to add state-of- the-art analog ICs processes as well as to increase the production capacity by building new plants in Thailand and Malaysia. Furthermore, it was decided to acquire the production lines of the Shiga Factory from a subsidiary of Renesas Electronics Corporation in preparation for increased demand for MEMS sensors and IGBT (*8) power devices. Moreover, quality improvement efforts were undertaken and led to an excellent supplier award from a major automotive electronics manufacturer outside of Japan. Under these circumstances, consolidated net sales for the first nine months of the fiscal year ending March 31, 2016 were 274,387 million yen (a decrease of 0.3% from the same time last year) and operating income was 30,369 million yen (a decrease of 5.3% from the same time last year). Ordinary income with foreign currency exchange gains was 40,664 million yen (a decrease of 20.7% from the same time last year) and quarterly net income belonging to parent company shareholders was 31,445 million yen (a decrease of 17.9% from the same time last year). *1 4K TV A TV with 4 times the pixels of a full high-definition TV. *2 High resolution audio Media that holds more than 3 times the data and can play back high quality audio closer to the original sound than what was achievable with conventional music CDs. *3 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). *4 CXPI (Clock Extension Peripheral Interface) A next-generation in-vehicle communication standard adopted by the Society of Automotive Engineers of Japan, Inc. (JSAE). Though originated in Japan, efforts are underway to make it an international standard. The interface offers better communication response and reliability than the LINs (*9) that are used in body control applications for communication amongst ECUs (*10). *5 MOSFET (Metal Oxide Semiconductor Field Effect Transistor) This Type of transistor enables faster switching with less power consumption than bipolar transistors, and is widely used in a -2- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 variety of electronic products. *6 USB Type-C Power Delivery A USB power expansion standard for delivering up to 100W of power over USB. It allows for larger devices, such as laptops, to be powered, which is not possible using conventional USB, and speeds up charging time considerably for portables. Defined under UBS 3.1, USB Type-C is a new receptacle, plug, and cable standard featuring a more compact, reversible and flippable design. *7 RPS (Rohm Production System) Activities A production system centered on improvement activities for integrating higher quality into products, shortening lead time and thoroughly eliminating waste in inventory and other operations at all group plants. ROHM believes that establishing production systems of unparalleled efficiency and quality is essential for strengthening the group’s earning structure. *8 IGBT Short for Insulated Gate Bipolar Transistor, a semiconductor that combines the best features of a MOSFET and bipolar transistor, making it ideal for power control applications. *9 LIN (Local Interconnect Network) An in-vehicle communication standard for multiplex communications advocated primarily by auto manufacturers in Europe as a means for reducing the costs of in-vehicle networks. *10 ECU (Electric Control Unit) The microcontroller that electrically controls in-vehicle systems for powering a vehicle. ECUs are mounted on many cars and especially on luxury vehicles. Overview of Performance by Segment <ICs> Consolidated net sales for the first nine months of the year ending March 31, 2016 were 127,755 million yen (a decrease of 1.4% from the same time last year) and segment income was 8,530 million yen (a decrease of 53.7% from the same time last year). In the automotive electronics market, sales increased overall, despite an adjustment in power ICs for car navigation systems, as manufacturers newly adopted power ICs for ECUs, power trains, lamps and car bodies, communication ICs and LCD timing controllers (T-CON) (*11), and expanded use of LED driver ICs and display driver ICs for instrument clusters overseas. In the digital AV field, LED driver ICs and power ICs for TVs sold well, while power ICs for flat panel modules went into an adjustment phase. In the IT related markets, pressure sensors, color sensors, and LED driver ICs were adopted more widely with smartphones, while sales of power ICs for tablets and data storage, and accelerometers fell. In the industrial equipment market, sales of ICs for factory automation and measuring instruments, HEMS and BEMS (*12), and communication infrastructure grew steadily, but sales of power ICs for POS and lighting products went into an adjustment phase. With regard to group company Lapis Semiconductor Co., Ltd., memory ICs for gaming devices fell on the one hand, but sales of display drivers for high resolution TVs increased considerably on the other. *11 LCD timing controller (T-CON) ICs that generate and control the signals needed to light up the LCDs used by TVs, PC monitors, car infortainment systems, etc. *12 HEMS (Home Energy Management System)/BEMS (Building Energy Management System) A HEMS is a system for managing energy consumption in a home. A BEMS is a similar system, but for buildings. Though they serve different targets, both systems connect power meters, solar power systems, storage batteries, home appliances and other equipment over a network, visualize power consumption and economically manage equipment, using sensors and IT. <Discrete Semiconductor Devices> Consolidated net sales for the first nine months of the year ending March 31, 2016 were 97,681 million yen (a decrease of 0.4% from the same time last year) and segment income was 17,041 million yen (an increase of 27.7% from the same time last year). -3- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 With regard to transistors, sales of power MOSFETs for automotive electronics and home appliances grew steadily. As for diodes, sales of power diodes for automotive electronics were firm. Regarding power devices, sales of SiC devices and modules for solar power systems and EV (Electric Vehicle) onboard chargers grew considerably, while sales of customized power modules slumped. With LEDs, demand for gaming devices and wearable electronics fell. And, sales of semiconductor lasers for reading optical discs decreased. <Modules> Consolidated net sales for the first nine months of the year ending March 31, 2016 were 29,319 million yen (an increase of 9.7% from the same time last year) and segment income was 4,224 million yen (an increase of 196.4% from the same time last year). With regard to printheads, sales of products for faxes decreased, but sales for mini-printers used for mobile payment terminals and other applications increased. As for optical modules, sales of ultra-small sensor modules for smartphones and wearable electronics increased greatly especially in the early part of the quarter. Sales of power modules to the automotive electronics market slumped. <Others> Consolidated net sales for the first nine months of the year ending March 31, 2016 were 19,631 million yen (a decrease of 5.9% from the same time last year) and segment income was 790 million yen (against a segment loss of 515 million yen in the same time last year). Sales of resistors to the automotive electronics market increased, while sales of ultra-small tantalum capacitors for smartphones grew steadily, only to enter an adjustment phase in the latter half of the quarter. With regard to LED lighting products, sales slumped because of competitive pricing and other factors. Sales mentioned above were to customers outside of the ROHM Group. (2) Financial Conditions At the end of the first nine months of the fiscal year ending in March 2016, total assets of the ROHM Group decreased by 29,608 million yen from the end of the previous fiscal year, to 834,772 million yen. The primary factors behind this were decreases respectively of 21,291 million yen in securities, 8,754 million yen in investments and other assets (of which 8,385 million yen were long-term deposits), 8,564 million yen in inventories, 2,318 million yen in notes and accounts receivable (trade) and 2,072 million yen in investment securities, and increases respectively of 7,579 million yen in intangible assets and 4,299 million yen in property, plant and equipment. Liabilities decreased by 11,601 million yen from the end of the previous fiscal year, to 100,345 million yen. The primary factors behind this were decreases respectively of 3,104 million yen in accounts payable (other), 2,760 million yen in income taxes payable, 1,960 million yen in notes and accounts payable (trade), 1,410 million yen in miscellaneous non-current liabilities (of which 1,413 million yen was from long-term accounts payable), and 1,135 million ten in deferred tax liabilities. Net assets decreased by 18,007 million yen from the end of the previous fiscal year, to 734,426 million yen. This owed primarily to a decrease of 17,006 million yen due to our purchase of treasury shares, decreases respectively of 14,224 million yen in foreign currency translation adjustments and 2,574 million yen in valuation difference on available-for-sale securities, and an increase of 15,407 million yen in retained earnings that were posted as quarterly net income belonging to parent company shareholders. As a result, equity ratio increased from the 87.0% from the end of the previous fiscal year, to 87.9%. (3) Qualitative Information Regarding Consolidated Financial Results Forecast Consolidated financial results at the end of the third quarter topped projections made on November 5, 2015 owing to positive performances in the automotive electronics and overseas consumer products markets, cost reductions promoted via RPS activities and other ways, and better-than-expected exchange rates that trended towards a weaker yen. Nevertheless, it is increasingly unclear how markets and exchange rates will behave in the fourth quarter, therefore no changes have been made to the consolidated results forecasts for the year that were announced in our “Financial Report for the First Six Months of the Year Ending March 31, 2016.” Rohm will revise its results forecasts as future performance trends require us to do so. -4- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 2. Items Regarding Summary Information (Note) (1) Major Changes in Subsidiaries During the First Nine Months of the Current Fiscal Year None (2) Application of Specific Accounting Procedure for Compiling Consolidated Quarterly Financial Statement None (3) Changes in Accounting Policies, Changes in Accounting Estimates, and Restatement of Revisions Change in accounting policies (Application of Accounting Standard for Business Combination, Etc.) As of the first quarter of the year ending March 31, 2016, the ROHM Group is applying the ABSJ Statement No. 21 (Accounting Standard for Business Combination), ABSJ Statement No. 22 (Accounting Standard for Consolidated Financial Statements) and ABSJ Statement No. 7 (Accounting Standard for Business Divestitures) of September 13, 2013. This has required ROHM to post changes in the equity we have in group subsidiaries as capital surplus and to change how we record consolidated expenses in years in which acquisition costs are generated. Moreover, for business combinations effectuated on or after the start of first quarter, we have changed to reflecting the distribution review of acquisition costs determined by tentative accounting in quarterly consolidated financial reports of the quarter in which the business combination took place. In addition, we have changed how we indicate quarterly net income and other data, and began indicating minority interests as noncontrolling interests. To reflect these changes in indication practices, we reorganized the consolidated quarterly and annual financial statements for the first nine months of the fiscal year ended in March 2015 and entire year ended on March 31, 2015. These new accounting practices will be applied progressively from the start of first quarter as specified in Art. 58-2 (4) of the Accounting Standard for Business Combination, Art. 44-5 (4) of the Accounting Standard for Consolidated Financial Statements) and in Art. 57-4 (4) of the Accounting Standard for Business Divestitures. As a result, operating income, ordinary income and income before income taxes and minority interests decreased each by 447 million yen in the first nine months of the current fiscal year. -5- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 3. Consolidated Quarterly Financial Statements (1) Consolidated Quarterly Balance Sheet End of the accounting year ended March 31, 2015 (March 31, 2015) (Unit: millions of yen) First nine months of the year ending March 31, 2016 (December 31, 2015) 280,756 76,721 282,553 74,403 2,132 3,719 42,998 31,962 38,975 29,405 9,374 546 10,794 - 292 523,376 21,707 28,630 36,495 26,653 8,572 826 10,170 - 264 493,469 221,833 511,008 51,459 64,039 18,746 - 635,793 231,293 220,513 508,234 51,932 65,305 27,026 - 637,420 235,592 33 5,368 5,401 6,299 6,680 12,980 73,462 1,948 3,836 25,457 - 394 104,309 341,003 864,380 71,390 2,487 2,610 16,703 - 462 92,729 341,302 834,772 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- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 End of the accounting year ended March 31, 2015 (March 31, 2015) (Unit: millions of yen) First nine months of the year ending March 31, 2016 (December 31, 2015) 11,764 8,026 19,282 6,638 23,948 69,660 9,804 7,249 16,178 3,878 1 23,692 60,806 29,617 9,251 3,416 42,286 111,946 28,481 9,051 2,006 39,539 100,345 86,969 102,403 599,518 - 50,141 738,750 86,969 102,403 614,925 - 67,147 737,150 24,442 21,868 - 7,308 - 3,948 13,186 496 752,433 864,380 - 21,532 - 3,551 - 3,215 491 734,426 834,772 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 Non-controlling interests Total net assets Total liabilities and net assets -7- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 (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, 2016) Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating income Non-operating income Interest income Foreign exchange gains Other Total non-operating income Non-operating expenses Provision of allowance for doubtful accounts Other Total non-operating expenses Ordinary income Extraordinary income Gain on sales of non-current assets Gain on insurance adjustment Total extraordinary income Extraordinary losses Loss on sales of non-current assets Loss on abandonment of non-current assets Impairment loss Loss on valuation of investment securities Loss on liquidation of subsidiaries and associates Special retirement expenses Total extraordinary losses Income before income taxes and minority interests Income taxes - current Income taxes for prior periods Income taxes - deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent First nine months of the year ended March 31, 2015 (From April 1, 2014 to December 31, 2014) 275,232 178,786 96,445 64,364 32,080 (Unit: millions of yen) First nine months of the year ending March 31, 2016 (From April 1, 2015 to December 31, 2015) 274,387 177,230 97,156 66,787 30,369 1,207 17,032 1,134 19,374 1,491 7,660 1,265 10,417 81 77 159 51,296 63 59 122 40,664 135 2,426 2,562 137 137 12 416 1,000 5 1,435 52,423 13,179 384 530 14,093 38,329 38 38,290 31 544 123 4 58 114 876 39,926 6,977 1,486 8,464 31,461 16 31,445 -8- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 (Consolidated quarterly statement of comprehensive income) (First nine months of the year ending March 31, 2016) Profit 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 noncontrolling interests First nine months of the year ended March 31, 2015 (From April 1, 2014 to December 31, 2014) 38,329 (Unit: millions of yen) First nine months of the year ending March 31, 2016 (From April 1, 2015 to December 31, 2015) 31,461 9,387 41,554 311 51,252 89,582 - 2,574 - 14,242 396 - 16,420 15,041 89,491 15,043 90 -2 -9- ROHM CO., LTD. (6963) Financial Report for the First Nine Months of the Year Ending March 31, 2016 (3) Note on Consolidated Quarterly Financial Statement (Note on going concern) No applicable items (Note in case of significant change in amount of shareholders’ equity) In line with a Board of Directors resolution from their meeting on April 30, 2015, ROHM acquired 2,025,800 shares of treasury stock. As a result, owned treasury shares increased in value to 16,998 million yen in the first nine months of the current fiscal year. (Segment information etc.) [Segment information] The First Nine Months of the Current Fiscal Year ended March 31, 2015 (From April 1, 2014 to December 31, 2014) 1. Information on net sales, profits or losses by individual reportable segments (Unit: Millions of yen) Reportable segments ICs Sales Sales to customers Inter-segment sales or transfer Total Segment profit (-loss) Discrete semiModules conductor devices Subtotal Others (Note 1) Total 129,567 2,131 131,699 98,075 3,107 101,183 26,730 175 26,905 254,373 5,414 259,787 20,859 42 20,902 275,232 5,457 280,689 18,443 13,344 1,425 33,213 -515 32,697 Amount on consolidated Adjusted quarterly amount statement of (Note 2) income (Note 3) -5,457 -5,457 -616 275,232 275,232 32,080 “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 616 million yen, mainly includes general administrative expenses of minus 770 million yen that do not attribute to the segment, and the settlement adjusted amount of 153 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 statement of income. 2. Information on impairment loss of non-current assets or goodwill of individual reportable segments (Significant impairment loss on non-current assets) (Note) 1. An impairment loss was recorded for non-current assets in the module segment. The related impairment losses for the first nine months of the current fiscal year were 931 million yen. The First Nine Months of the Current Fiscal Year ending March 31, 2016 (From April 1, 2015 to December 31, 2015) Information on net sales, profits or losses by individual reportable segments (Unit: Millions of yen) Reportable segments ICs Sales Sales to customers Inter-segment sales or transfer Total Segment profit (-loss) (Note) 1. 2. 3. Discrete semiModules conductor devices Subtotal Others (Note 1) Total Amount on consolidated Adjusted quarterly amount statement of (Note 2) income (Note 3) 127,755 1,922 129,678 97,681 2,722 100,403 29,319 78 29,397 254,756 4,722 259,479 19,631 37 19,668 274,387 4,760 279,147 -4,760 -4,760 274,387 274,387 8,530 17,041 4,224 29,796 790 30,586 -216 30,369 “Others” is an operational segment that is not included in reportable segments, consisting of business in resistors, tantalum capacitors, and lightings. The adjusted amount of the segment profit or loss, minus 216 million yen, mainly includes general administrative expenses of minus 651 million yen that do not attribute to the segment, and the settlement adjusted amount of 435 million yen, which is not allocated to the segment (such as adjustment for retirement benefits). For segment profits or loss, adjustments are made using the operating income of the consolidated quarterly statement of income. - 10 -
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