April 9, 2015
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-ir.com
(1)Consolidated financial results (Amounts less than one million yen are omitted)
Net Sales | Operating income | Ordinary income | Net income | |
FY2015 first-quarter FY2014 first-quarter | Million yen % 26,665 12.7 23,660 24.0 | Million yen % 4,854 46.3 3,319 98.2 | Million yen % 4,769 40.0 3,406 46.5 | Million yen % 2,803 48.7 1,885 57.0 |
(Note) Comprehensive income FY2015 first-quarter: 2,927 million yen (-51.2%)
FY2014 first-quarter: 5,994 million yen (-9.5%)
Net income per share | Diluted net income per share | |
FY2015 first-quarter FY2014 first-quarter | Yen 29.52 19.86 | Yen 26.93 18.11 |
(2)Consolidated financial position
Total assets | Net assets | Equity ratio | |
FY2015 first-quarter FY2014 | Million yen 145,335 142,302 | Million yen 106,351 100,943 | % 66.1 64.3 |
(Reference) Equity FY2015 first-quarter: 96,120 million yen FY2014: 91,458 million yen
2. DividendsDividends per share | |||
End of Q2 | Year-end | Annual | |
FY2014 | Yen 14.00 | Yen 20.00 | Yen 34.00 |
FY2015 forecast | 16.00 | 20.00 | 36.00 |
Net sales | Operating income | Ordinary income | Net income | Net income per share | |
Semi-Annual Annual | Million yen % 52,400 6.4 109,000 7.9 | Million yen % 8,900 13.8 19,500 12.0 | Million yen % 8,800 13.0 19,200 9.3 | Million yen % 5,100 20.8 11,300 13.1 | Yen 53.71 119.00 |
(1) Changes in significant subsidiaries during the current period
(Changes in specified subsidiaries that caused a change in the scope of consolidation) : None
(2) Adoption of accounting method specific to the preparation of consolidated quarterly financial statements: Yes
(3) Changes in accounting principles and accounting estimates and retrospective restatement (i) Changes in accounting principles due to amendment to accounting standards: None (ii) Changes other than (3)-(i) above: None
(iii) Changes in accounting estimates: None
(iv) Retrospective restatement: None
(4) Number of shares issued and outstanding (common stock)
(i) Number of shares issued and outstanding at the end of each period (including treasury stock): FY2015 first-quarter: 95,955,226 shares FY2014: 95,955,226 shares
(ii) Number of treasury stock at the end of each period:
FY2015 first-quarter: 998,103 shares FY2014: 997,617 shares
(iii) Average number of shares outstanding in each period:
FY2015 first-quarter: 94,957,411 shares FY2014 first-quarter: 94,960,543 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)
FY2014 FY2015 first-quarter
Changes
As of Nov. 30, 2014 As of Feb. 28, 2015
Current Assets
Cash and time deposits | 22,547 | 20,931 | |
Notes and accounts receivable | 21,628 | 21,776 | |
Marketable securities | 1 | 0 | |
Merchandise and finished goods | 16,046 | 17,605 | |
Work in process | 4,874 | 5,153 | |
Raw materials and supplies | 5,800 | 6,192 | |
Other | 4,770 | 4,533 | |
Allowance for doubtful accounts | (209) | (198) | |
Total current assets | 75,459 | 75,995 | 535 |
Fixed Assets
Tangible Assets
Building and structures | 15,819 | 16,842 | |
Machinery and equipment | 22,716 | 23,419 | |
Land | 13,578 | 13,913 | |
Other | 4,076 | 4,022 | |
Total tangible assets | 56,190 | 58,198 | 2,008 |
Intangible Assets
Goodwill | 192 | 693 | |
Other | 1,109 | 1,136 | |
Total intangible assets | 1,302 | 1,830 | 528 |
Investments and Other Assets
Investment securities | 6,399 | 6,858 | |
Other | 3,267 | 2,755 | |
Allowance for doubtful accounts | (317) | (303) | |
Total investments and other assets | 9,349 | 9,310 | (39) |
Total fixed assets | 66,842 | 69,339 | 2,497 |
Total | 142,302 | 145,335 | 3,032 |
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets (Million yen : amounts less than one million yen are omitted)
FY2014 FY2015 first-quarter
Changes
As of Nov. 30, 2014 As of Feb. 28, 2015
Current Liabilities
Notes and accounts payable 4,159 4,412
Short-term borrowings 3,934 4,645
Long-term borrowings, current portion 523 428
Income taxes payable 3,751 2,438
Reserve for employees' bonuses 232 1,233
Reserve for directors' bonuses 449 135
Other 9,185 6,255
Total current liabilities 22,236 19,549 (2,686) Long-term Liabilities
Convertible bonds 15,000 15,000
Long-term borrowings 551 516
Retirement allowance
for directors and corporate auditors 45 46
Liabilities for employees' retirement benefits 261 307
Other 3,263 3,563
Total long-term liabilities 19,122 19,434 311
Total liabilities 41,358 38,983 (2,374) Shareholders' Equity
Common stock 10,404 10,404
Capital surplus 12,051 12,051
Retained earnings 66,837 68,473
Treasury stock (1,209) (1,210)
Total shareholders' equity 88,084 89,719 1,634
Other items
Unrealized gain on
available-for-sale securities | 2,044 | 2,630 | |
Foreign currency translation adjustments | 1,328 | 3,769 | |
Total other items | 3,373 | 6,400 | 3,027 |
Minority Interests | 9,485 | 10,230 | 745 |
Total net assets | 100,943 | 106,351 | 5,407 |
Total liabilities and net assets | 142,302 | 145,335 | 3,032 |
Consolidated Summary Statement of Income
OSG Corporation
(Million yen : amounts less than one million yen are omitted)
FY2014 first-quarter
(2013/12/1 - 2014/2/28)
FY2015 first-quarter
(2014/12/1 - 2015/2/28)
Changes
Net Sales 23,660 26,665 3,004
Cost of Sales 14,253 14,899 646
Gross profit 9,407 11,765 2,358
Selling, general and administrative expenses 6,087 6,911 823
Operating income 3,319 4,854 1,535 Other Income
Interest income 45 61
Dividend income 25 26
Foreign exchange gain 193 -
Other - net 122 246 Total other income 386 334 (51)
Other Expenses
s
Consolidated Statement of Comprehensive Income
OSG Corporation
(Million yen : amounts less than one million yen are omitted)
FY2014 first-quarter FY2015 first-quarter Changes
(2013/12/1 - 2014/2/28) (2014/12/1 - 2015/2/28)
Net Income before Minority Interests 2,216 3,139 922
Other Comprehensive Income
Unrealized (loss) gain on available-for-sale securities (189) 586
Foreign currency translation adjustments 3,963 (803)
Share of other comprehensive income in associates 3 5
Total other comprehensive income 3,777 (212) (3,989) Comprehensive Income 5,994 2,927 (3,066)
Total Comprehensive Income Attributable to:
Owners of the parent | 5,005 | 2,517 |
Minority interests | 988 | 409 |
Operations by Geographical Segment
Results for FY2015 first-quarter (Dec. 1, 2014 through Feb. 28, 2015)
Million yen
Japan The Americas Europe Asia Total Eliminations Consolidated
Sales to customers 11,169 5,388 2,730 7,377 26,665 - 26,665
Interarea transfers 4,662 40 7 547 5,257 (5,257) - Total sales 15,831 5,428 2,738 7,925 31,923 (5,257) 26,665
Operating income 2,567 822 290 1,561 5,241 (386) 4,854
(Reference)
Results for FY2014 first-quarter (Dec. 1, 2013 through Feb. 28, 2014)
Million yen
Japan The Americas Europe Asia Total Eliminations Consolidated
Sales to customers 10,884 4,144 2,400 6,231 23,660 - 23,660
Interarea transfers 3,661 46 6 371 4,086 (4,086) - Total sales 14,545 4,191 2,406 6,603 27,747 (4,086) 23,660
Operating income 2,104 204 254 1,145 3,708 (389) 3,319
Net sales by Product Segment
Cutting tools:
Million yen
FY2014 first-quarter FY2015 first-quarter
(2013/12/1 - 2014/2/28) (2014/12/1 - 2015/2/28)
Taps 8,152 9,339
End mills 5,394 6,043
Drills and other cutting tools 5,581 6,150
Total 19,128 21,534
Rolling dies 2,145 2,437
Gauges 332 367
Other 2,054 2,327
Total 23,660 26,665
distributed by
 |