Financial Report 2016 3Q (PDF:756KB)

Financial Report 2016 3Q (PDF:756KB)
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.”
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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
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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).
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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.
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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.
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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
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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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