April 14, 2017
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 FY2017 First Quarter (December 1, 2016 - February 28, 2017)
(Note) Comprehensive income
FY2017 first-quarter: 4,707 million yen (
- %)
FY2016 first-quarter: -4,520 million yen (
- %)
Consolidated financial results (Amounts less than one million yen are omitted)
Net Sales
Operating income
Ordinary income
Net income attributable to OSG Corporation
FY2017 first-quarter
Million yen %
Million yen %
Million yen %
Million yen %
28,016 8.5
4,349 -9.2
4,417 -1.4
2,853 5.5
FY2016 first-quarter
25,814 -3.2
4,791 -1.3
4,478 -6.1
2,705 -3.5
Net income per share
Diluted net income per share
FY2017 first-quarter FY2016 first-quarter
Yen 31.69
28.63
Yen 28.79
26.12
Consolidated financial position
Total assets
Net assets
Equity ratio
FY2017 first-quarter
Million yen
Million yen
%
159,365
105,544
58.8
FY2016
156,081
103,059
59.1
(Reference) Equity FY2017 first-quarter: 93,705 million yen FY2016: 92,216 million yen
-
Dividends
Dividends per share
End of Q2
Year-end
Annual
FY2016
Yen 22.00
Yen 28.00
Yen 50.00
FY2017 forecast
21.00
23.00
44.00
-
Forecast of Consolidated Results for FY2017 (December 1, 2016 - November 30, 2017)
Net sales
Operating income
Ordinary income
Net income attributable to OSG Corporation
Net income per share
Semi-Annual
Million yen %
Million yen %
Million yen %
Million yen %
Yen
57,500 7.5
9,300 -5.4
9,000 -4.9
5,500 -5.4
61.09
Annual
116,500 10.4
19,500 6.9
19,000 6.7
11,500 13.5
127.74
- 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: None
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): FY2017 first-quarter: 95,955,226 shares
FY2016: 95,955,226 shares
Number of treasury stock at the end of each period: FY2017 first-quarter: 5,931,070 shares FY2016: 5,930,079 shares
Average number of shares outstanding in each period:
FY2017 first-quarter: 90,024,820 shares FY2016 first-quarter: 94,495,086 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)
FY2016
FY2017 first-quarter
Change
As of Nov. 30, 2016
As of Feb. 28, 2017
Current Assets
Cash and time deposits
18,003
17,288
Notes and accounts receivable
20,758
21,697
Marketable securities
0
0
Merchandise and finished goods
20,978
21,845
Work in process
4,879
5,248
Raw materials and supplies
5,834
5,976
Other
4,906
4,250
Allowance for doubtful accounts
(191)
(195)
Total current assets
75,168
76,110
941
Fixed Assets
Tangible Assets
Building and structures
18,588
20,168
Machinery and equipment
28,877
29,363
Land
14,830
15,231
Other
4,098
4,181
Total tangible assets
66,395
68,945
2,550
Intangible Assets
Goodwill
2,658
4,007
Other
829
839
Total intangible assets
3,488
4,846
1,358
Investments and Other Assets
Investment securities
6,633
6,385
Other
4,848
3,551
Allowance for doubtful accounts
(452)
(474)
Total investments and other assets
11,028
9,462
(1,566)
Total fixed assets
80,912
83,254
2,342
Total
156,081
159,365
3,284
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets
(Million yen : amounts less than one million yen are omitted)
FY2016
FY2017 first-quarter
Change
As of Nov. 30, 2016
As of Feb. 28, 2017
Current Liabilities
Notes and accounts payable
4,618
4,928
Short-term loans payable
8,000
10,835
Current portion of long-term loans payable
491
426
Income taxes payable
1,436
1,784
Reserve for employees' bonuses
470
1,422
Reserve for directors' bonuses
454
127
Other
10,000
6,240
Total current liabilities
25,474
25,765
291
Long-term Liabilities
Convertible bonds
14,850
14,850
Long-term borrowings
10,163
10,591
Retirement allowance for directors
108
49
Liabilities for employees' retirement benefits
280
438
Other
2,145
2,125
Total long-term liabilities
27,547
28,055
507
Total liabilities
53,021
53,820
798
Shareholders' Equity
Common stock
10,404
10,404
Capital surplus
12,090
12,004
Retained earnings
81,840
82,169
Treasury stock
(10,967)
(10,969)
Total shareholders' equity
93,368
93,608
239
Accumulated other comprehensive income
Unrealized gain on
available-for-sale securities
2,267
2,686
Deferred gain (loss) on
derivatives under hedge accounting
(0)
0
Foreign currency translation adjustments
(3,419)
(2,590)
Total accumulated other comprehensive income
(1,152)
96
1,249
Subscription rights to shares
13
13
-
Noncontrolling interests
10,829
11,826
996
Total net assets
103,059
105,544
2,485
Total liabilities and net assets
156,081
159,365
3,284