Toyosu IHI Bldg. 1-1, Toyosu 3-chome, Koto-ku Tokyo 135-8710, Japan
May 9, 2017 CONSOLIDATED FINANCIAL REPORT FOR THE FISCAL YEAR ENDED MARCH 31, 2017IHI Corporation (IHI) is listed on the First Section of the Tokyo Stock Exchange, Nagoya Stock Exchange, Sapporo Securities Exchange and Fukuoka Stock Exchange with the securities code number 7013.
Representative: President and Chief Executive Officer, Tsugio Mitsuoka For further information contact: Executive Officer, Takeshi Yamada,
Finance & Accounting Division Tel: +81-3-6204-7065
URL:http://www.ihi.co.jp
Annual General Meeting of Shareholders: June 23, 2017 (planned) Commencement of Dividend Payments: -
Submission of Annual Securities Report: June 23, 2017 (planned)
Preparing supplementary material on financial results: Yes
Holding financial results presentation meeting: Yes (for institutional investors and analysts)
This consolidated financial report has been prepared in accordance with Japanese accounting standards and Japanese law. Figures are in Japanese yen rounded to the nearest millions.
1. CONSOLIDATED PERFORMANCE FOR THE YEAR ENDED MARCH 31, 2017(APRIL 1, 2016 to MARCH 31, 2017)
-
Consolidated Business Results
(Millions of yen, except per share figures; percentages show the rate of increase or decrease from the previous fiscal year)
Net Sales
Percentage Change
Operating Profit
Percentage Change
Ordinary Profit
Percentage Change
Fiscal year ended March 31, 2017
1,486,332
(3.4)%
47,389
114.9%
22,011
126.5%
Fiscal year ended March 31, 2016
1,539,388
5.7%
22,048
(65.1)%
9,716
(82.8)%
Profit Attributable to Owners of Parent
Percentage Change
Basic Earnings per Share (Yen)
Diluted Earnings per Share (Yen)
Return on Equity
Ordinary Profit to Total Assets
Operating Profit to Net Sales
Fiscal year ended March 31, 2017
5,247
243.2%
3.40
3.40
1.6%
1.3%
3.2%
Fiscal year ended March 31, 2016
1,529
(83.2)%
0.99
0.99
0.5%
0.6%
1.4%
(Note)
Comprehensive income
Fiscal year ended March 31, 2017:
¥4,628 million
-%
Fiscal year ended March 31, 2016: ¥
(15,228) million
-%
(Reference) Share of profit (loss) of entities accounted for using equity method Fiscal year ended March 31, 2017: ¥ (3,538) million
Fiscal year ended March 31, 2016: ¥1,167 million
-
Consolidated Financial Position
(Millions of yen, except per share figures)
Total Assets
Net Assets
Equity to Total Assets
Net Assets per Share of Common Stock (Yen)
March 31, 2017
1,692,831
337,630
18.8%
206.03
March 31, 2016
1,715,056
333,359
18.6%
206.16
(Reference) Equity at the end of the period (consolidated) March 31, 2017: ¥318,163 million
March 31, 2016: ¥318,310 million
- Consolidated Cash Flows
(Millions of yen)
Operating Activities | Investing Activities | Financing Activities | Cash and Cash Equivalents at the End of Period | |
Fiscal year ended March 31, 2017 | 65,373 | (28,961) | (21,941) | 115,911 |
Fiscal year ended March 31, 2016 | 95,338 | (35,513) | (47,530) | 103,611 |
Dividends per Share | Total Amount of Dividend Payment (Millions of yen) | Dividend Payout Ratio (Consolidated) | Dividend to Net Assets Ratio (Consolidated) | |||
(Record Date) | Interim (Yen) | Year-end (Yen) | Annual (Yen) | |||
Fiscal year ended March 31, 2017 | 0.00 | 0.00 | 0.00 | - | - | - |
Fiscal year ended March 31, 2016 | 3.00 | 0.00 | 3.00 | 4,632 | 303.0% | 0.3% |
Fiscal year ending March 31, 2018 (Forecast) | 3.00 | 3.00 | 6.00 | 40.3% |
3. CONSOLIDATED FORECASTS OF RESULTS FOR THE YEAR ENDING MARCH 31, 2018
(Millions of yen, ex | cept per | share figures; percentages sh | ow the rate of increase | or decrease from the previo | us corresponding period) | ||||
Net Sales | Operating Profit | Ordinary Profit | Profit Attributable to Owners of Parent | Basic Earnings per Share (Yen) | |||||
Full-year | 1,550,000 | 4.3% | 65,000 | 37.2% | 57,000 | 159.0% | 23,000 | 338.3% | 14.89 |
(Note) Please refer to page 8 of the attached materials to this report for the suppositions that form the assumptions for the forecasts above and related matters.
* NOTES- Changes in significant subsidiaries during the period under review (Changes in specified subsidiaries accompanying changes in scope of consolidation): Not applicable
- 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: Yes
Changes in accounting policies due to other reasons: Not applicable
Changes in accounting estimates: Not applicable
Restatement of prior period financial statements after error corrections: Not applicable
(Note) For details, please refer to "(5) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS," "CHANGES IN ACCOUNTING POLICIES" on page 25.
- Number of shares issued (Common stock):
Number of shares issued at the end of the period (including treasury shares) As of March 31, 2017 1,546,799,542 shares
As of March 31, 2016 1,546,799,542 shares
Number of shares of treasury shares owned at the end of the period
As of March 31, 2017 2,562,679 shares
As of March 31, 2016 2,825,606 shares
Average number of shares outstanding during the period
Fiscal year ended March 31, 2017 1,544,143,682 shares
Fiscal year ended March 31, 2016 1,543,681,970 shares
(REFERENCE) OVERVIEW OF NON-CONSOLIDATED PERFORMANCE NON-CONSOLIDATED PERFORMANCE FOR THE YEAR ENDED MARCH 31, 2017(APRIL 1, 2016 to MARCH 31, 2017)
-
Non-Consolidated Business Results
(Millions of yen, except per share figures; percentages show the rate of increase or decrease from the fiscal year)
Net Sales
Percentage Change
Operating Profit
Percentage Change
Ordinary Profit
Percentage Change
Profit
Percentage Change
Fiscal year ended March 31, 2017
719,889
(2.0)%
14,079
-
15,752
57.7%
(6,246)
-
Fiscal year ended March 31, 2016
734,807
6.6%
(12,375)
-
9,987
(72.6)%
31,698
-
Basic Earnings per Share (Yen)
Diluted Earnings per Share (Yen)
Fiscal year ended March 31, 2017
(4.04)
-
Fiscal year ended March 31, 2016
20.53
20.51
- Non-Consolidated Financial Position
(Millions of yen, except per share figures)
Total Assets
Net Assets
Equity to Total Assets
Net Assets per Share of Common Stock (Yen)
March 31, 2017
1,138,039
209,864
18.4%
135.35
March 31, 2016
1,179,799
214,783
18.1%
138.62
(Reference) Equity at the end of the period (non-consolidated) March 31, 2017: ¥209,021 million
March 31, 2016: ¥214,025 million
Indication regarding execution of audit procedures Financial reports are not required to be audited.
Proper use of forecast of results, and other special matters
Earnings estimates made in this report and other statements that are not historical facts are forward-looking statements about the future performance of the IHI Group. These statements are based on management's assumptions and beliefs in light of the information currently available to it and therefore readers should not place undue reliance on them. IHI cautions that a number of important factors such as political and general economic conditions and currency exchange rates could cause actual results to differ materially from those discussed in the forward-looking statements, etc.
(How to obtain supplementary material on financial results)
The supplementary material on financial results shall be posted on IHI's website.