October 6, 2016
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 Third-Quarter (December 1, 2015 - August 31, 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 third-quarter
Million yen %
Million yen %
Million yen %
Million yen %
78,652 -6.2
14,467 -13.3
13,845 -16.8
8,448 -15.0
FY2015 third-quarter
83,824 12.5
16,680 31.0
16,631 32.4
9,941 40.5
(Note) Comprehensive income FY2016 third-quarter: -2,494 million yen ( -%)
FY2015 third-quarter: 8,658 million yen (-18.2%)
Net income per share
Diluted net income per share
FY2016 third-quarter FY2015 third-quarter
Yen 91.70
104.68
Yen 83.48
95.50
Consolidated financial position
Total assets
Net assets
Equity ratio
FY2016 third-quarter
Million yen
Million yen
%
148,094
96,868
58.5
FY2015
155,129
113,637
66.1
(Reference) Equity FY2016 third-quarter: 86,698 million yen FY2015: 102,566 million yen
-
Dividends
Dividends per share
End of Q2
Year-end
Annual
FY2015
Yen 26.00
Yen 20.00
Yen 46.00
FY2016
22.00
FY2016 forecast
28.00
50.00
-
Forecast of Consolidated Results for FY2016 (December 1, 2015 - November 30, 2016)
Net sales
Operating income
Ordinary income
Net income attributable to OSG Corporation
Net income per share
Annual
Million yen % 106,000 -5.3
Million yen % 18,000 -16.7
Million yen % 17,700 -17.7
Million yen % 10,700 -14.5
Yen 116.15
- Others
Changes in significant subsidiaries during the current period
(Changes in specified subsidiaries that caused a change in the scope of consolidation) : None
Adoption of accounting method specific to the preparation of consolidated quarterly financial statements: Yes
Changes in accounting principles and accounting estimates and retrospective restatement
Changes in accounting principles due to amendment to accounting standards: Yes
Changes other than (3)-(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 third-quarter: 95,955,226 shares
FY2015: 95,955,226 shares
Number of treasury stock at the end of each period: FY2016 third-quarter: 5,929,380 shares FY2015: 908,970 shares
Average number of shares outstanding in each period:
FY2016 third-quarter: 92,124,691 shares FY2015 third-quarter: 94,974,717 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 third-quarter
Change
As of Nov. 30, 2015
As of Aug. 31, 2016
Current Assets
Cash and time deposits
21,472
16,389
Notes and accounts receivable
21,519
19,147
Marketable securities
78
66
Merchandise and finished goods
19,292
19,996
Work in process
5,297
5,269
Raw materials and supplies
6,083
5,835
Other
5,137
4,829
Allowance for doubtful accounts
(188)
(172)
Total current assets
78,692
71,362
(7,329)
Fixed Assets
Tangible Assets
Building and structures
16,651
16,304
Machinery and equipment
27,428
26,704
Land
15,107
14,466
Other
4,088
5,934
Total tangible assets
63,276
63,409
133
Intangible Assets
Goodwill
532
2,587
Other
721
868
Total intangible assets
1,254
3,455
2,200
Investments and Other Assets
Investment securities
7,239
5,816
Other
5,078
4,470
Allowance for doubtful accounts
(411)
(420)
Total investments and other assets
11,906
9,866
(2,039)
Total fixed assets
76,437
76,731
294
Total
155,129
148,094
(7,035)
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets
(Million yen : amounts less than one million yen are omitted)
FY2015
FY2016 third-quarter
Change
As of Nov. 30, 2015
As of Aug. 31, 2016
Current Liabilities
Notes and accounts payable
4,980
4,525
Short-term loans payable
4,052
8,988
Current portion of long-term loans payable
445
557
Income taxes payable
3,486
1,176
Reserve for employees' bonuses
395
1,505
Reserve for directors' bonuses
637
428
Other
9,517
6,473
Total current liabilities
23,515
23,655
140
Long-term Liabilities
Convertible bonds
14,850
14,850
Long-term borrowings
847
10,311
Retirement allowance
for directors and corporate auditors
50
67
Liabilities for employees' retirement benefits
244
344
Other
1,984
1,996
Total long-term liabilities
17,976
27,570
9,593
Total liabilities
41,491
51,225
9,733
Shareholders' Equity
Common stock
10,404
10,404
Capital surplus
12,090
12,090
Retained earnings
75,719
80,154
Treasury stock
(1,104)
(10,965)
Total shareholders' equity
97,109
91,683
(5,425)
Accumulated other comprehensive income
Unrealized gain on
available-for-sale securities
2,709
1,772
Deferred gain on
derivatives under hedge accounting
2
37
Foreign currency translation adjustments
2,745
(6,796)
Total accumulated other comprehensive income
5,456
(4,985)
(10,442)
Subscription rights to shares
-
13
13
Noncontrolling interests
11,071
10,157
(914)
Total net assets
113,637
96,868
(16,769)
Total liabilities and net assets
155,129
148,094
(7,035)