July 12, 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 Semi-Annual (December 1, 2016 - May 31, 2017)
(Note) Comprehensive income
FY2017 semi-annual : 7,912 million yen (
- %)
FY2016 semi-annual : -1,703 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 semi-annual
Million yen %
Million yen %
Million yen %
Million yen %
58,813 10.0
9,121 -7.3
9,187 -2.9
6,229 7.1
FY2016 semi-annual
53,484 -4.8
9,835 -10.7
9,462 -13.8
5,816 -12.1
Net income per share
Diluted net income per share
FY2017 semi-annual FY2016 semi-annual
Yen 69.19
62.52
Yen 62.85
56.96
Consolidated financial position
Total assets
Net assets
Equity ratio
FY2017 semi-annual
Million yen
Million yen
%
160,376
108,653
60.4
FY2016
156,081
103,059
59.1
(Reference) Equity FY2017 semi-annual: 96,908 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
21.00
FY2017 forecast
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
Annual
Million yen % 118,000 11.8
Million yen %
19,500 6.9
Million yen %
19,000 6.7
Million yen % 11,500 13.5
Yen 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 semi-annual: 95,955,226 shares
FY2016: 95,955,226 shares
Number of treasury stock at the end of each period: FY2017 semi-annual: 5,895,219 shares FY2016: 5,930,079 shares
Average number of shares outstanding in each period:
FY2017 semi-annual: 90,029,543 shares FY2016 semi-annual: 93,024,113 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 semi-annual
Change
As of Nov. 30, 2016
As of May 31, 2017
Current Assets
Cash and time deposits
18,003
18,248
Notes and accounts receivable
20,758
22,908
Marketable securities
0
0
Merchandise and finished goods
20,978
21,865
Work in process
4,879
5,499
Raw materials and supplies
5,834
5,792
Other
4,906
3,602
Allowance for doubtful accounts
(191)
(202)
Total current assets
75,168
77,715
2,546
Fixed Assets
Tangible Assets
Building and structures
18,588
20,031
Machinery and equipment
28,877
29,425
Land
14,830
14,807
Other
4,098
4,201
Total tangible assets
66,395
68,466
2,071
Intangible Assets
Goodwill
2,658
3,919
Other
829
828
Total intangible assets
3,488
4,747
1,259
Investments and Other Assets
Investment securities
6,633
6,414
Other
4,848
3,435
Allowance for doubtful accounts
(452)
(403)
Total investments and other assets
11,028
9,446
(1,582)
Total fixed assets
80,912
82,661
1,748
Total
156,081
160,376
4,295
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets
(Million yen : amounts less than one million yen are omitted)
FY2016
FY2017 semi-annual
Change
As of Nov. 30, 2016
As of May 31, 2017
Current Liabilities
Notes and accounts payable
4,618
4,639
Short-term loans payable
8,000
6,326
Current portion of long-term loans payable
491
409
Income taxes payable
1,436
2,398
Reserve for employees' bonuses
470
465
Reserve for directors' bonuses
454
251
Other
10,000
8,789
Total current liabilities
25,474
23,281
(2,193)
Long-term Liabilities
Convertible bonds
14,850
14,790
Long-term borrowings
10,163
10,980
Retirement allowance
for directors and corporate auditors
108
51
Liabilities for employees' retirement benefits
280
532
Other
2,145
2,088
Total long-term liabilities
27,547
28,441
894
Total liabilities
53,021
51,723
(1,298)
Shareholders' Equity
Common stock
10,404
10,404
Capital surplus
12,090
11,996
Retained earnings
81,840
85,545
Treasury stock
(10,967)
(10,903)
Total shareholders' equity
93,368
97,043
3,674
Accumulated other comprehensive income
Unrealized gain on
available-for-sale securities
2,267
2,672
Deferred loss on
derivatives under hedge accounting
(0)
(0)
Foreign currency translation adjustments
(3,419)
(2,806)
Total accumulated other comprehensive income
(1,152)
(134)
1,018
Subscription rights to shares
13
13
-
Noncontrolling interests
10,829
11,731
901
Total net assets
103,059
108,653
5,593
Total liabilities and net assets
156,081
160,376
4,295