Fiscal period Number of companies | Previous FY ended March 31, 2015 | Current FY ended March 31, 2016 | Change |
Consolidated companies | 71 | 68 | -3 |
Companies using equity method accounting | 24 | 25 | +1 |
Total | 95 | 93 | -2 |
- Consolidated Companies
-
Consolidated Business Results for the Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 2016)
Results of Operations
May 11, 2016
(Billions of Yen - except per share data)
Previous FY ended March 31, 2015
Current FY ended March 31, 2016
Change
Net sales
641.7
641.7
-0.0
Operating income
24.1
41.4
17.2
Net interest expenses
-1.4
-1.1
0.2
Equity in earnings of affiliates
1.5
2.9
1.4
Other non-operating income
-1.0
-3.5
-2.5
Ordinary income
23.2
39.6
16.3
Extraordinary income
5.1
3.4
-1.6
Extraordinary losses
* -9.8
** -15.4
-5.5
Net income
14.6
19.1
4.4
* Loss related to liquidation of a subsidiary, etc.
Net income per share
13.85 Yen
18.06 Yen
4.21 Yen
** Impairment loss of polyimide business, and of AET (Zhangjiagang), etc.
Dividend per share
5.0 Yen
5.0 Yen
0.0 Yen
Environmental Factors
Exchange rate (Yen/US$)
109.9 Yen
120.1 Yen
10.2 Yen
Naphtha price (Yen/kl)
63,400 Yen
42,600 Yen
-20,800 Yen
Australian coal price (Yen/ton)
9,981 Yen
8,843 Yen
-1,138 Yen
Net Sales by Segment (Billions of Yen)
Previous FY ended March 31, 2015
Current FY ended March 31, 2016
Change
Comments
Chemicals
280.1
266.7
-13.4
- Decrease in sales price of caprolactam, nylon resin, and synthetic rubber, etc.
Pharmaceutical
7.8
9.2
1.4
- Increase in sales volume of drugs manufactured under contract, etc.
Cement & Construction Materials
222.4
237.3
14.9
- Due to impact of newly consolidated subsidiary, etc.
Machinery & Metal Products
78.9
73.4
-5.5
- Decrease in shipment of molding machines, etc.
Energy & Environment
66.7
69.0
2.2
- Increase in volume of selling electricity, etc.
Other
17.3
16.7
-0.5
Adjustment
-31.7
-30.9
0.8
Total
641.7
641.7
-0.0
Operating Income by Segment (Billions of Yen)
Previous FY ended March 31, 2015
Current FY ended March 31, 2016
Change
Comments
Chemicals
-0.9
12.0
13.0
- Improvement in costs of raw materials including ammonia, etc.
Pharmaceutical
0.9
1.1
0.2
Cement & Construction Materials
17.0
19.8
2.8
- Improvement in energy costs, etc.
Machinery & Metal Products
4.3
4.6
0.2
Energy & Environment
2.8
3.8
1.0
- Increase in volume of selling electricity, etc.
Other
1.1
1.1
-0.0
Adjustment
-1.1
-1.2
-0.0
Total
24.1
41.4
17.2
Note: Adjustment of operating income is calculated by totaling the company-wide cost excluding allocation to each segment and the tradeoff of businesses among segments.
The former Chemicals & Plastics segment and Specialty Chemicals & Products segment were integrated into the Chemicals segment as of April 1, 2015. Results for the previous fiscal year have been restated.
Financial Condition
-
Consolidated Business Forecast for the Fiscal Year Ending March 31, 2017 (April 1, 2016 to March 31, 2017)
(Billions of Yen - except per share data)
Fiscal Year ended March 31, 2016
Fiscal Year ending March 31, 2017(forecast)
Change
Net sales
641.7
655.0
13.3
Operating income
41.4
35.0
-6.4
Ordinary income
39.6
33.0
-6.6
Extraordinary income (losses), net
-11.9
-4.0
7.9
Profit attributable to owners of parent
19.1
20.0
0.9
Net income per share
18.06 Yen
18.90 Yen
0.84 Yen
Dividend per share
5.0 Yen
6.0 Yen
1.0 Yen
Business Conditions
Exchange rate (yen per US$)
120.1 Yen
110.0 Yen
-10.1 yen
Naphtha price (yen/kl)
42,600 Yen
34,900 Yen
-7,700 yen
Australian coal price (yen/ton)
8,843 Yen
7,597 Yen
-1,246 yen
Net Sales by Segment
Fiscal Year ended March 31, 2016
Fiscal Year ending March 31, 2017 (forecast)
Change
Comments
Chemicals
266.7
278.0
11.3
- Increase in sales volume of battery materials, fine chemicals, synthetic rubber, etc.
Pharmaceutical
9.2
10.0
0.8
-Increase in sales volume, etc.
Cement & Construction Materials
237.3
238.0
0.7
-Increase in sales volume of limestone related products, etc.
Machinery
73.4
74.0
0.6
-Increase in shipment of molding machines, etc.
Energy & Environment
69.0
65.0
-4.0
-Decrease in sales price of salable coal, etc.
Other
16.7
16.0
-0.7
Adjustment
-30.9
-26.0
4.9
Total
641.7
655.0
13.3
Operating Income by Segment
Fiscal Year ended March 31, 2016
Fiscal Year ending March 31, 2017 (forecast)
Change
Comments
Chemicals
12.0
9.0
-3.0
- Increase in repair cost (due to periodic repairs), etc.
Pharmacetutical
1.1
1.0
-0.1
Cement & Construction Materials
19.8
18.0
-1.8
- Decrease in export price of cement
Machinery
4.6
4.0
-0.6
-Deterioration in profitability of steel products, etc.
Energy & Environment
3.8
3.5
-0.3
- Decrease in volume of coal storage business, etc.
Other
1.1
1.0
-0.1
Adjustment
-1.2
-1.5
-0.3
Total
41.4
35.0
-6.4
Note:
Adjustment of operating income is calculated by totaling the company-wide cost, excluding allocation to each segment and the tradeoff of inter-segment trades.
Please take note that the name of the Machinery and Metal Product Segment was changed to the Machinery Segment on April 1, 2016.
-
Analysis of Operating Results and Financial Condition
(1) Analysis of Operating Results
①Operating results for the current term (April 1, 2015 to March 31, 2016)
Overview
In the fiscal year ended March 31, 2016, while the U.S. economy sustained recovery and the European economy was on a track of modest recovery, signs of slowdown of the Chinese economy gradually became more noticeable in Asia; as a whole, the world economy continued modest recovery. The overall Japanese economy also continued to be on a track of modest recovery. Although some sectors such as export were weak, consumer spending was stable as a whole and some signs of improvement were seen in the private sector.
Under such circumstances, the Company Group has conducted business activities in accordance with our basic policies of "Change & Challenge - For Further Growth," the three-year midterm plan adopted in FY 2013, and in the final year of the said three-year midterm plan, we have tackled the operational challenges in each business segment including early improvement in earnings in the Chemicals segment. Thanks to the underlying support by the price falls in raw materials and fuels including coal and crude oil, business of non-chemical segments such as the Cement & Construction Materials Segment has continued steady expansion, and our Chemicals segment also showed some signs of recovery. On the other hand, we recorded impairment losses incurred in the Business Segments that have undergone deterioration in profitability in recent years, as an extraordinary loss.
The overall conditions of the Group by segment are as follows. Chemicals & Plastics Segment
Business of polyamide resins remained strong as a whole, because of a steady increase in sales of the products used for food wrap films. Price falls of auxiliary materials such as ammonia contributed to business of caprolactam, which is a material used for synthesize polyamide, but the market condition as a whole was still weak due to the continued supply excess in the China market. Shipment of ammonia products continued to be strong, thanks to shift in frequency of periodic inspection of the factories to every two years. Shipment of polybutadiene rubber (synthetic rubber) was steady as a whole, represented by that of the products used for eco tires.
Shipment of both electrolyte and separators for lithium-ion batteries remained strong, thanks to usage of the former in commercial-off-the-shelf products such as personal computers, as well as application of the latter on vehicles such as eco-cars, but business of the both products were affected by price falls. Shipment of fine chemicals and polyimide films were steady as a whole, but profitability of the latter was low.
Please take note that we recorded an impairment loss incurred in the polyimide business and in the electrolyte business of AET Electrolyte Technologies (Zhangjiagang), our consolidated subsidiary in China, as an extraordinary loss.
Pharmaceutical Segment
Among the drugs developed by UBE, shipment of active ingredients was weak, because distributors' inventories of hypotensive agents, antiallergic drugs and antiplatelet agents continued to be on adjustment phase. Shipment of active ingredients and intermediates for drugs manufactured under contract increased as a whole.
Cement & Construction Materials Segment
While shipment of cement and ready-mixed concrete decreased slightly in comparison with the previous fiscal year due to sluggish demand in the Japanese market, overall business of the products was steady, thanks to the improved energy cost. Shipment of calcia and magnesia products was also steady, especially in the business of refractories. Fall in fuel prices also contributed to the business performance of the products.
Machinery & Metal Products Segment
Shipment of industrial machines such as vertical mills and conveyers was steady in the domestic market, but shipment of the products exported to emerging countries including Southeast Asian countries decreased. Shipment of molding machines mainly supplied to the automobile industries was steady in the domestic and North America markets, but the shipment to China and Southeast Asian countries decreased. Business of machinery services for those products continued to expand, and shipment of steel products remained steady.
Energy & Environment Segment
In the coal business, both coal sales volume and coal dealing volume at UBE's Coal Center (a coal storage facility) were maintained at a steady level. In the power producer business, volume of selling electricity increased, thanks to recovery of the IPP electric power plant.
②Main measures implemented in the current term
-Chemicals Segment-
Ube Industries, Ltd. integrated the Chemicals & Plastics segment and the Specialty Chemicals & Products segment into the "Chemicals Segment" for reorganization. (April 2015)
Ube Industries, Ltd. decided and started to expand production capacity of lithium-ion battery separators (restructuring of its existing facilities at the Ube Chemical Factory and new installation of manufacturing facilities at the Sakai Factory). (September 2015)
Ube Industries, Ltd. announced that it decided to switch to a new manufacturing process for cyclohexanone, intermediate material for caprolactam, at the Ube Chemical Factory. (January 2016).
Ube Industries, Ltd. reached agreement with CNSG Anhui Hong Sifang Co., Ltd. of China to establish a joint venture to manufacture and sell high-purity dimethyl carbonate (DMC). (March 2016)
-Pharmaceutical Segment-
"TALION® Tablets" and "TALION® OD Tablets," anti-allergic agents jointly developed by Mitsubishi Tanabe Pharma Corporation and Ube Industries, Ltd. received approval for additional pediatric indications in Japan. (May 2015)
Sanwa Kagaku Kenkyusho Co., Ltd. and Ube Industries, Ltd. started joint development of a therapeutic agent for itches caused by intractable pruritus. (September 2015)
-Cement & Construction Materials Segment-
Heat emission and power generation facilities became fully operational in the Kanda Cement Factory of Ube Industries, Ltd. (January 2016)
Sales and logistic functions of the limestone-related business were consolidated into Ube Material Industries, Ltd. (April 2015)
-Machinery & Metal Products Segment-
Ube Machinery Corporation, Ltd. launched new die casting machines jointly developed with Toyo Machinery & Metal Co., Ltd.. (July 2015)
-Energy & Environment Segment-
Ube Industries, Ltd. collaborated with The Chugoku Electric Power Co., Inc. for joint transportation of imported coal. (March 2016)
③ Forecast for the next Fiscal Year (April 1, 2016 to March 31, 2017)
Looking into future economic conditions, we expect that while Japanese economy would continue modest recovery, the global economy would experience greater uncertainty for the reasons of future fluctuation of foreign exchange rate and fuel prices, slowdown in economic growth in emerging countries including China and resource-rich countries, and changes in economic and financial policies in the U.S. and European countries.
Considering the present economic condition and on the assumption that the dollar-yen exchange rate would hover at a level of 110 yen /dollar, and the prices of domestic product naphtha and Australian coal would be around 34,900 yen per 1kl and 7,597 yen per ton, respectively, from April 2016 through March 2017, we forecast the earnings as follows.
We expect that consolidated net sales would increase to 655.0 billion yen thanks to a revenue growth mainly resulting from an increase in sales volumes in the Chemicals segment. It is forecasted that consolidated operating income would decrease to 35.0 billion yen, mainly due to an increase in cost for periodic inspection of our ammonia factories. Consolidated ordinary income and profit attributable to owners of parent are forecasted to come respectively to 33.0 billion yen and 20.0 billion yen.
(2)Analysis of Financial Condition① Situation with assets, liabilities, and net assets
Total assets decreased by 31.7 billion yen to 679.7 billion yen. While cash on hand and in banks increased by 4.3 billion yen, notes and accounts receivable, and tangible fixed assets decreased respectively by 5.4 billion yen and 23.6 billion yen.
Total liabilities decreased by 31.7 billion yen to 390.1 billion yen, mainly because notes and accounts payable-trade, and interest-bearing debt decreased respectively by 9.5 billion yen and 23.0 billion yen.
Net assets increased by 0.01 billion yen to 289.6 billion yen. While foreign currency translation adjustments and noncontrolling interests decreased respectively by 7.9 billion yen and 3.2 billion yen, profit attributable to owners of parent increased by 19.1 billion yen in spite of a 5.3 billion yen decrease in retained earnings resulted from payment of dividends.
② Situation with cash flow
Net cash provided by operating activities totaled 68.6 billion yen, which was mainly comprised of income before income taxes and minority interests for the year of 27.6 billion yen, reversing entries of 35.5 billion yen and 9.0 billion yen respectively from depreciation and amortization, which is a non-fund entry, and from an impairment loss, and income taxes paid of 6.5 billion yen.
Net cash used in investment activities totaled 33.7 biilion yen, which was mainly comprised of purchase of property, plant and equipment and intangible assets of 34.4 billion yen.
Net cash used in financing activities totaled 31.0 billion yen, which was mainly comprised of repayment of long-term loans payable of 28.4 billion yen.
The balance of interest-bearing debt at the end of the term decreased by 23.0 billion yen compared to the end of the previous term to 216.6 billion yen.
The balance of cash and cash equivalents at the end of the term increased by 4.2 billion yen compared to the end of the previous term to 41.1 billion yen.
③ Forecast for the next Fiscal Year (April 1, 2016 to March 31, 2017)
The free cash flow for the next term (sum total of the net cash provided by operating activities and net cash used in investment activities) is expected to decrease compared with the current term as a result of increase in cost for purchase of property, plant and equipment and intangible assets.
The term-end balance of the interest-bearing debt is expected to decrease by 6.6 billion yen compared with the end of this term to 210.0 billion yen.
(3) Basic policy on profit-sharing and dividends for the current and the next term
Recognizing that payment of dividends is our key responsibility for shareholders, we set a basic policy to pay the dividends corresponding to the business performance to shareholders. On the other hand, we think that it is also important for us to accumulate sufficient internal reserves to strengthen our financial standings and expand our business further. Considering the above policies in a comprehensive manner, we develop the proposal for the stock dividends to be resolved at the general meeting of shareholders.
In the three-year midterm plan to be concluded in the current term, we set a policy to target the consolidated dividend payout ratio of 30% or more of current consolidated net income, and plan to pay the year-end dividends of 5 yen per share for the current term.
For the next term, we plan to the year-end dividends of 6 yen per share, setting out to achieve a dividend increase steadily in conjunction with improvement of our business performance.
- Segment information
Summary of reportable segments
The reportable segments of UBE are defined as individual units, where separate financial information is available and which are subject to regular review by the Board of Directors of the Company to evaluate their results and decide the allocation of management resources.
UBE composed segments by product group based on business divisions, and had seven reportable segments, Chemicals & Plastics, Specialty Chemicals & Products, Pharmaceutical, Cement & Construction Materials, Machinery & Metal Products, Energy & Environment, and Other.
Main products and services of each reportable segment are as follows;
Reportable segment
Main products and services
Chemicals
Caprolactam, Polyamide (Nylon) resin, Industrial chemicals, Polybutadiene (Synthetic rubber), Specialty products ( Polyimide, Battery materials, Semiconductor-related materials and Electronic Materials, Gas Separation Membranes, Ceramics), Fine Chemicals, etc.
Pharmaceutical
Pharmaceuticals (Ube's products from R&D, Custom Manufacturing)
Cement & Construction Materials
Cement and Ready-mixed Concrete, Limestone, Building Materials, Calcia and Magnesia, Resource recycling
Machinery & Metal Products
Molding Machinery Molding Machines(Die-casting Machines, Injection Molding Machines, Extrusion Presses), Industrial Machinery(Crushers, Pulverizers, Conveyers), Bridges and Steel Structures, Steel Products, etc.
Energy & Environment
Import and sales of coal, operation of UBE's Coal Center (a coal storage facility), and electric power supply business including the independent power producer business (IPP)
Other
Development, purchase and sales, and leasing of real estate, and sales of the products manufactured by the Group to the overseas markets
In April 2015, we changed the management structure of the chemicals-related business and consolidated the Chemicals
& Plastics and Specialty Chemicals & Products Segments into the newly-established Chemicals Segment.
Information concerning Net Sales, Income or Loss, Assets, and Others by Reportable Business Segment
Previous Fiscal Year Ended March 31, 2015 (April 1, 2014 to March 31, 2015) (Millions of Yen)
Reported Segment
Adjustment
(note 1)
Amount recorded in consolidated financial statement
(note 2)
Chemicals
Pharma- ceutical
Cement & Construction Materials
Machinery
& Metal Products
Energy & Environment
Others
Total
Net Sales
271,398
7,819
216,475
76,511
54,317
15,239
641,759
-
641,759
Sales to external customers
Inter-Segment internal sales or transfers
8,762
-
5,944
2,445
12,454
2,148
31,753
-31,753
-
Total
280,160
7,819
222,419
78,956
66,771
17,387
673,512
-31,753
641,759
Segment income or losses (-) (operating income or losses (-))
-939
902
17,033
4,305
2,840
1,146
25,287
-1,140
24,147
Assets
332,509
10,916
208,346
62,424
53,263
17,610
685,068
26,478
711,546
Other items
18,797
777
8,153
1,355
2,596
616
32,294
1,292
33,586
Depreciation and amortization (Note 3)
Investment in
equity-method
14,257
-
8,087
-
1,113
2,415
25,872
-
25,872
affiliates
Increase in property,
plant and equipment and intangible assets
20,282
702
10,731
1,806
7,452
405
41,378
1,126
42,504
(Note 4)
(Note) Adjustments are applied to the followings:
Adjustment for Segment income or losses (-) includes the elimination of transaction between the Segments and company-wide cost that is not allocated to each reported Segment. Company-wide cost consists mainly of administration and general expense that is not attributed to each reported Segment.
Adjustment for Segment assets includes the emission of credits between the Segments and company-wide assets that are not attributed to each reported Segment.
Adjustment for depreciation and amortization consists of depreciation and amortization of company-wide assets that is not attributed to each reported Segment.
Adjustment for the increase in property, plant and equipment and intangible assets consists of a company-wide assets increase that is not attributed to each reported Segment.
Adjustment for Segment income or losses (-) includes the elimination of transaction between the Segments and company-wide cost that is not allocated to each reported Segment. Company-wide cost consists mainly of administration and general expense that is not attributed to each reported Segment.
Adjustment for Segment assets includes the emission of credits between the Segments and company-wide assets that are not attributed to each reported Segment.
Adjustment for depreciation and amortization consists of depreciation and amortization of company-wide assets that is not attributed to each reported Segment.
Adjustment for the increase in property, plant and equipment and intangible assets consists of a company-wide assets increase that is not attributed to each reported Segment.
-
Segment Related Information
Inforemation by region
Previous Fiscal Year Ended March 31, 2015 (April 1, 2014 to March 31, 2015)
① Net sales (Millions of Yen)
Japan
Asia
Europe
Others
Total
444,197
127,792
39,050
30,720
641,759
(Note) Net sales are recorded on the basis of locations of customers and are classified by country or region.
②Tangible Assets (Millions of Yen)
Japan
Thailand
Other Asia
Europe
Others
Total
266,563
60,074
5,616
14,793
392
347,438
Current Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 2016)
① Net sales (Millions of Yen)
Japan
Asia
Europe
Others
Total
458,098
117,297
36,459
29,896
641,750
(Note) Net sales are recorded on the basis of locations of customers and are classified by country or region.
②Tangible Assets (Millions of Yen)
Japan
Thailand
Other Asia
Europe
Others
Total
255,944
50,243
1,460
15,130
1,023
323,800
- Information Concerning Impairment Loss of Fixed Assets by Reportable Segment
(Billions of Yen)
Assets | Previous FY ended March 31, 2015 | Current FY ended March 31, 2016 | Change |
Cash and deposits | 38.1 | 42.4 | 4.3 |
Notes and Accounts receivable | 144.9 | 139.5 | -5.4 |
Inventories | 78.4 | 76.0 | -2.3 |
Property, plant and equipment | 347.4 | 323.8 | -23.6 |
Intangible fixed assets | 5.3 | 4.9 | -0.3 |
Investment securities | 48.4 | 48.1 | -0.2 |
Defferd tax assets | 15.1 | 16.0 | 0.9 |
Other assets | 33.7 | 28.7 | -4.9 |
Total assets | 711.5 | 679.7 | -31.7 |
Liabilities | Previous FY ended March 31, 2015 | Current FY ended March 31, 2016 | Change | |
Notes and accounts payable-trade | 83.8 | 74.2 | -9.5 | |
Interest-bearing debt | 239.7 | 216.6 | -23.0 | |
Other liabilities | 98.3 | 99.1 | 0.8 | |
Net assets | 289.6 | 289.6 | 0.0 | |
(Shareholders' Equity) | (249.3) | (263.0) | (13.6) | |
(Accumulated Other Comprehensive Income) | (13.9) | (3.5) | (-10.4) | |
(Share subscription rights and Minority interests) | (26.2) | (23.0) | (-3.2) | |
Total liabilities and Net assets | 711.5 | 679.7 | -31.7 |
(Billions of Yen) (Billions of Yen)
Cash Flows | Fiscal year ended March 31, 2016 |
Cash flows from operating activities | 68.6 *1 |
Cash flows from investing activities | -33.7 *2 |
Cash flows from financing activities (Interest-bearing debt) (Dividend paid and Other) | -31.0 (-24.8) (-6.1) *3 |
Cash and cash equivalents at end of period | 41.1 |
(Ref.) Fiscal year ended March 31, 2015 |
62.1 |
-42.4 |
-13.9 (-8.1) (-5.7) |
36.9 |
*1 Income before income taxes and minority interests 27.6 billion Yen Depreciation and amortization 35.5 billion Yen
Increase in working capital - 2.0 billion Yen, etc
*2 Acquisition of tangible/ intangible fixed assets -34.4 billion Yen, etc
*3 Dividend paid -5.5 billion Yen, etc
(Note 2) Segment income or losses (-) are adjusted with operating income recorded in the consolidated financial statement.
(Note 3) Depreciation and amortization includes amortization of long-term prepaid expenses and deferred assets.
(Note 4) The increase in property, plant and equipment and intangible assets includes increases in long-term prepaid expenses and deferred assets.
Current Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 2016) (Millions of Yen)
Reported Segment | Adjustment (note 1) | Amount recorded in consolidated financial statement (note 2) | |||||||
Chemicals | Pharma- ceutical | Cement & Construction Materials | Machinery & Metal Products | Energy & Environment | Others | Total | |||
Net Sales | 258,661 | 9,221 | 231,051 | 71,367 | 56,616 | 14,834 | 641,750 | - | 641,750 |
Sales to external customers | |||||||||
Inter-Segment internal sales or transfers | 8,075 | 59 | 6,292 | 2,068 | 12,450 | 1,958 | 30,902 | -30,902 | - |
Total | 266,736 | 9,280 | 237,343 | 73,435 | 69,066 | 16,792 | 672,652 | -30,902 | 641,750 |
Segment income or losses (-) (operating income or losses (-)) | 12,083 | 1,105 | 19,841 | 4,600 | 3,856 | 1,142 | 42,627 | -1,219 | 41,408 |
Assets | 301,784 | 12,533 | 216,948 | 62,039 | 49,014 | 16,246 | 658,564 | 21,219 | 679,783 |
Other items | 20,491 | 837 | 8,309 | 1,415 | 2,870 | 609 | 34,531 | 1,043 | 35,574 |
Depreciation and | |||||||||
amortization (Note 3) | |||||||||
Investment in | |||||||||
equity-method | 18,407 | - | 8,322 | - | 1,199 | 2,270 | 30,198 | - | 30,198 |
affiliates | |||||||||
Increase in property, | |||||||||
plant and equipment and intangible assets | 14,610 | 703 | 14,716 | 1,620 | 1,002 | 570 | 33,221 | 1,208 | 34,429 |
(Note 4) |
(Note) Adjustments are applied to the followings:
(Note 2) Segment income or losses (-) are adjusted with operating income recorded in the consolidated financial statement.
(Note 3) Depreciation and amortization includes amortization of long-term prepaid expenses.
(Note 4) The increase in property, plant and equipment and intangible assets includes increases in long-term prepaid expenses.
Previous Fiscal Year Ended March 31, 2015 (April 1, 2014 to March 31, 2015) (Millions of Yen)
Chemicals | Pharma- ceutical | Cement & Construction Materials | Machinery & Metal Products | Energy & Environment | Others | Company wide / elimination | Total | |
Impairment Loss | 387 | - | 947 | - | - | - | 262 | 1,596 |
Current Fiscal Year Ended March 31, 2016 (April 1, 2015 to March 31, 2016) (Millions of Yen)
Chemicals | Pharma- ceutical | Cement & Construction Materials | Machinery & Metal Products | Energy & Environment | Others | Company wide / elimination | Total | |
Impairment Loss | 8,875 | - | 107 | - | - | - | 98 | 9,080 |
(Note) The amount in the "Company wide / elimination" section consists of impairment losses relating to company-wide assets that are not attributed to each reported Segment.
(Reference) Consolidated Key Indicators (Billions of yen - except where noted)Fiscal Year ended March 31, 2015 | Fiscal Year ended March. 31, 2016 | Fiscal Year ending March 31, 2017 (forecast) | |
Capital investment | 42.5 | 34.4 | 48.0 |
Depreciation and amortization | 33.5 | 35.5 | 35.0 |
Research and development expenses | 13.8 | 13.7 | 14.5 |
Adjusted operating income *1 | 26.6 | 45.2 | 38.0 |
Interest-bearing debt | 239.7 | 216.6 | 210.0 |
Equity capital*3 | 263.3 | 266.5 | 280.0 |
Total assets | 711.5 | 679.7 | 700.0 |
D/E ratio (times) | 0.91 | 0.81 | 0.75 |
Equity ratio (%) | 37.0 | 39.2 | 40.0 |
Return on sales (%) | 3.8 | 6.5 | 5.3 |
Return on assets - ROA (%) *4 | 3.8 | 6.5 | 5.5 |
Return on equity - ROE (%) | 5.8 | 7.2 | 7.3 |
Number of employees | 10,702 | 10,764 | 11,000 |
*1Adjusted operating income: Operating income + Interest and dividend income + Equity in earnings of unconsolidated subsidiaries and affiliated companies
*2 Net debt: Interest-bearing debt - Cash and cash equivalents
*3Equity capital: Net assets - Share subscription rights - Minority interests
*4ROA: Adjusted operating income / Average total assets
Ube Industries Ltd. published this content on 11 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 May 2016 09:22:07 UTC.
Original documenthttp://www.ube-ind.co.jp/english/news/2016/20160511_01.pdf
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