TOSHIBA PLANT SYSTEMS & SERVICES CORPORATION 
By Translation
Notice:This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Company name Toshiba Plant Systems & Services Corporation
Stock exchange listing Tokyo
Stock Code 1983 URL http://www.toshiba-tpsc.co.jp
President and Chief Executive Officer,
January 31, 2014
Representative
Representative Director
Kenji Sato
Inquiries Senior Manager, Administration Department Toshiyuki Nakayama TEL 045-500-7012
Scheduled date to file Quarterly Securities Report February 5, 2014
Scheduled date to commence dividend payments - Preparation of supplementary material on quarterly earnings no
Holding of quarterly earnings performance review no -
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2013 (from April 1, 2013 to December 31, 2013)
(1) Consolidated operating results (cumulative) Percentages indicate year-on-year changes
Net sales | Operating income | Ordinary income | Net income | |||||
Nine months ended December 31, 2013 Nine months ended December 31, 2012 | Millions of yen 101,224 98,964 | % 2.3 11.3 | Millions of yen 5,702 7,797 | % (26.9) 14.9 | Millions of yen 6,132 8,135 | % (24.6) 17.0 | Millions of yen 3,536 4,643 | % (23.9) 110.4 |
Net income per share | Diluted net income per share | |
Nine months ended December 31, 2013 Nine months ended December 31, 2012 | Yen 36.29 47.66 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |
As of December 31, 2013 As of March 31, 2013 | Millions of yen 180,669 188,080 | Millions of yen 102,537 99,861 | % 56.6 53.0 |
2. Cash dividends
Annual dividends | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended March 31, 2013 Year ending March 31, 2014 | Yen - - | Yen 7.50 7.50 | Yen - - | Yen 7.50 | Yen 15.00 |
Year ended March 31, 2013 Year ending March 31, 2014 | Yen - - | Yen 7.50 7.50 | Yen - - | ||
Year ending March 31, 2014 (Forecast) | 7.50 | 15.00 |
3. Forecast for the year ending March 31, 2014 (from April 1, 2013 to March 31, 2014)
Percentages indicate year-on-year changes
Net sales | Operating income | Ordinary income | Net income | Net income per share | |||||
Full year | Millions of yen 185,000 | % 7.0 | Millions of yen 16,300 | % 1.6 | Millions of yen 16,500 | % 0.0 | Millions of yen 10,000 | % (2.8) | Yen 102.64 |
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4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2013
no
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Application of special accounting for preparing quarterly consolidated financial statements: no
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
Changes in accounting policies due to revisions to accounting standards and other regulations: | no |
Changes in accounting policies due to other reasons: yes | |
Changes in accounting estimates: no | |
Restatement of prior period financial statements after error corrections: no |
(4) Number of issued shares
Total number of issued shares at the end of the period (including treasury stock)
As of December 31, 2013 97,656,888 shares As of March 31, 2013 97,656,888 shares
Number of shares of treasury stock at the end of the period
As of December 31, 2013 240,632 shares As of March 31, 2013 232,984 shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2013 97,420,583 shares Nine months ended December 31, 2012 97,429,093 shares
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Assets
Current assets
(Millions of yen) As of March 31, 2013 As of December 31, 2013
Cash and deposits 3,408 3,769
GROUP FINANCE DEPOSITS 56,820 57,967
Notes receivable, accounts receivable from completed
construction contracts and other
87,451 66,874
Costs on uncompleted construction contracts 16,704 27,687
Other 6,108 5,980
Allowance for doubtful accounts (392) (73) Total current assets 170,100 162,205
Noncurrent assets
Property, plant and equipment 6,171 6,180
Intangible assets 148 239
Investments and other assets
Other 11,783 12,164
Allowance for doubtful accounts (123) (121) Total investments and other assets 11,659 12,043
Total noncurrent assets 17,979 18,463
Total assets 188,080 180,669
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
and other
34,239 27,176
Income taxes payable 3,996 434
Advances received on uncompleted construction contracts 9,355 12,394
Provision for directors' bonuses 72 39
Provision for warranties for completed construction 565 565
Other 10,874 7,993
Total current liabilities 59,103 48,603
Noncurrent liabilities
Provision for retirement benefits 28,770 29,206
Provision for directors' retirement benefits 33 20
Other 311 300
Total noncurrent liabilities 29,115 29,527
Total liabilities 88,218 78,131
Net assets
Shareholders' equity
Capital stock 11,876 11,876
Capital surplus 20,910 20,910
Retained earnings 66,786 68,860
Treasury stock (148) (160) Total shareholders' equity 99,424 101,486
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 50 224
Deferred gains or losses on hedges 129 504
Foreign currency translation adjustment 76 75
Total accumulated other comprehensive income 256 804
Minority interests 180 246
Total net assets 99,861 102,537
Total liabilities and net assets 188,080 180,669
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Nine months ended
December 31, 2012
(Millions of yen) Nine months ended
December 31, 2013
Net sales 98,964 101,224
Cost of sales 83,333 87,470
Gross profit 15,631 13,753
Selling, general and administrative expenses 7,833 8,051
Operating income 7,797 5,702
Non-operating income
Interest income 104 148
Dividends income 21 20
Equity in earnings of affiliates - 11
Other 267 277
Total non-operating income 393 457
Non-operating expenses
Equity in losses of affiliates 6 - Foreign exchange losses 24 - Other 23 27
Total non-operating expenses 55 27
Ordinary income 8,135 6,132
Income before income taxes and minority interests 8,135 6,132
Income taxes-current 1,917 1,038
Income taxes-deferred 1,527 1,487
Total income taxes 3,444 2,526
Income before minority interests 4,691 3,606
Minority interests in income 47 70
Net income 4,643 3,536
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Nine months ended
December 31, 2012
(Millions of yen) Nine months ended
December 31, 2013
Income before minority interests 4,691 3,606
Other comprehensive income
Valuation difference on available-for-sale securities (3) 174
Deferred gains or losses on hedges (7) 375
Foreign currency translation adjustment 58 (3) Total other comprehensive income 46 545
Comprehensive income 4,738 4,152
Comprehensive income attributable to
Comprehensive income attributable to owners of the parent 4,686 4,084
Comprehensive income attributable to minority interests 52 68
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