January 13, 2017
Company name : OSG Corporation
Shares Listed : 1st section of Tokyo and Nagoya Stock Exchanges
Code Number : 6136
Location of the head office : Aichi Prefecture
Representative: : Norio Ishikawa, President
Contact person: : Koji Sonobe, Managing Director
TEL: 81-533-82-1113 URL http://www.osg.co.jp/en/about_us/ir/
- Consolidated Results for FY2016 (December 1, 2015 - November 30, 2016)
Consolidated financial results (Amounts less than one million yen are omitted)
Net Sales
Operating income
Ordinary income
Net income attributable to OSG Corporation
FY2016
Million yen %
Million yen %
Million yen %
Million yen %
105,561 -5.7
18,246 -15.5
17,813 -17.2
10,134 -19.0
FY2015
111,917 10.8
21,597 24.0
21,510 22.4
12,518 25.3
(Note) Comprehensive income FY2016: 3,697 million yen (-71.0%)
FY2015: 12,760 million yen (-25.0%)
Net income per share
Diluted net income per share
Return on equity
Ordinary income to total assets
Operating income to net sales
FY2016
Yen
Yen
%
%
%
110.59
100.62
10.4
11.4
17.3
FY2015
131.78
120.25
12.9
14.5
19.3
(Reference) Equity in net income of affiliates FY2016: 9 million yen FY2015: 3 million yen
Consolidated financial position
Total assets
Net assets
Equity ratio
Net assets per share
FY2016
Million yen
Million yen
%
Yen
156,081
103,059
59.1
1,024.34
FY2015
155,129
113,637
66.1
1,079.12
(Reference) Equity FY2016: 92,216 million yen FY2015: 102,566 million yen
Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash & cash equivalents at end of period
FY2016
Million yen
Million yen
Million yen
Million yen
16,333
-16,843
-778
16,555
FY2015
19,588
-16,976
-6,216
19,402
-
Dividends
Dividends per share
Total dividends
Payout ratio (consolidated)
Dividends to
net assets (consolidated)
End of 2Q
Year-end
Annual
FY2015
Yen
Yen
Yen
Million yen
%
%
26.00
20.00
46.00
4,369
34.9
4.5
FY2016
22.00
28.00
50.00
4,507
45.2
4.8
FY2017 forecast
21.00
23.00
44.00
34.4
-
Forecast of Consolidated Results for FY2017 (December 1, 2016 - November 30, 2017)
Net sales
Operating income
Ordinary income
Net income
attributable to OSG Corporation
Net income per share
Semi-Annual
Million yen %
Million yen %
Million yen %
Million yen %
Yen
57,500 7.5
9,300 -5.4
9,000 -4.9
5,500 -5.4
61.09
Annual
116,500 10.4
19,500 6.9
19,000 6.7
11,500 13.5
127.74
- Others
Changes in significant subsidiaries during the current period
(Changes in specified subsidiaries that caused a change in the scope of consolidation) : None
Changes in accounting principles and accounting estimates and retrospective restatement
Changes in accounting principles due to amendment to accounting standards:Yes
Changes other than (2)-(i) above: None
Changes in accounting estimates: None
Retrospective restatement: None
Number of shares issued and outstanding (common stock)
Number of shares issued and outstanding at the end of each period (including treasury stock): FY2016: 95,955,226 shares
FY2015: 95,955,226 shares
Number of treasury stock at the end of each period: FY2016: 5,930,079 shares
FY2015: 908,970 shares
Average number of shares outstanding in each period: FY2016: 91,640,278 shares
FY2015: 94,991,265 shares
[Note regarding forecast]
The above forecasts for financial results are based on information available at the time this report was released. These forecasts and other forward-looking statements are not guarantees of future performance. Actual operating results may differ from the above forecasts due to known and unknown risks, uncertainties, and other factors.
Consolidated Summary Balance Sheet
OSG Corporation
Assets
(Million yen : amounts less than one million yen are omitted)
FY2015
FY2016
Change
As of Nov. 30, 2015
As of Nov. 30, 2016
Current Assets
Cash and time deposits
21,472
18,003
Notes and accounts receivable
21,519
20,758
Marketable securities
78
0
Merchandise and finished goods
19,292
20,978
Work in process
5,297
4,879
Raw materials and supplies
6,083
5,834
Other
5,137
4,906
Allowance for doubtful accounts
(188)
(191)
Total current assets
78,692
75,168
(3,523)
Fixed Assets
Tangible Assets
Building and structures
16,651
18,588
Machinery and equipment
27,428
28,877
Land
15,107
14,830
Other
4,088
4,098
Total tangible assets
63,276
66,395
3,118
Intangible Assets
Goodwill
532
2,658
Other
721
829
Total intangible assets
1,254
3,488
2,233
Investments and Other Assets
Investment securities
7,239
6,633
Other
5,078
4,848
Allowance for doubtful accounts
(411)
(452)
Total investments and other assets
11,906
11,028
(877)
Total fixed assets
76,437
80,912
4,474
Total
155,129
156,081
951
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets
(Million yen : amounts less than one million yen are omitted)
FY2015
FY2016
Change
As of Nov. 30, 2015
As of Nov. 30, 2016
Current Liabilities
Notes and accounts payable
4,980
4,618
Short-term loans payable
4,052
8,000
Current portion of long-term loans payable
445
491
Accrued expenses
6,715
6,365
Income taxes payable
3,486
1,436
Reserve for directors' bonuses
637
454
Other
3,196
4,105
Total current liabilities
23,515
25,474
1,959
Long-term Liabilities
Convertible bonds
14,850
14,850
Long-term borrowings
847
10,163
Retirement allowance
for directors and corporate auditors
50
108
Liabilities for employees' retirement benefits
244
280
Other
1,984
2,145
Total long-term liabilities
17,976
27,547
9,570
Total liabilities
41,491
53,021
11,530
Shareholders' Equity
Common stock
10,404
10,404
Capital surplus
12,090
12,090
Retained earnings
75,719
81,840
Treasury stock
(1,104)
(10,967)
Total shareholders' equity
97,109
93,368
(3,740)
Accumulated other comprehensive income
Unrealized gain on
available-for-sale securities
2,709
2,267
Deferred gain (loss) on
derivatives under hedge accounting
2
(0)
Foreign currency translation adjustments
2,745
(3,419)
Total accumulated other comprehensive income
5,456
(1,152)
(6,609)
Subscription rights to shares
-
13
13
Noncontrolling interests
11,071
10,829
(241)
Total net assets
113,637
103,059
(10,578)
Total liabilities and net assets
155,129
156,081
951
OSG Corporation published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 08:10:02 UTC.
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