January 12, 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-ir.com
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Consolidated Results for FY2015 (December 1, 2014 - November 30, 2015)
Consolidated financial results (Amounts less than one million yen are omitted)
Net Sales
Operating income
Ordinary income
Net income
FY2015
Million yen %
Million yen %
Million yen %
Million yen %
111,917 10.8
21,597 24.0
21,510 22.4
12,518 25.3
FY2014
101,031 14.3
17,415 35.8
17,568 26.3
9,989 15.9
(Note) Comprehensive income FY2015: 12,760 million yen (-25.0%)
FY2014: 17,007 million yen (-17.3%)
Net income per share
Diluted net income per share
Return on equity
Ordinary income to total assets
Operating income to net sales
FY2015
Yen
Yen
%
%
%
131.78
120.25
12.9
14.5
19.3
FY2014
105.20
95.96
11.7
12.7
17.2
(Reference) Equity in net income of affiliates FY2015: 3 million yen FY2014: 4 million yen
Consolidated financial position
Total assets
Net assets
Equity ratio
Net assets per share
FY2015
Million yen
Million yen
%
Yen
155,129
113,637
66.1
1,079.12
FY2014
142,302
100,943
64.3
963.15
(Reference) Equity FY2015: 102,566 million yen FY2014: 91,458 million yen
Consolidated cash flows
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Dividends
Dividends per share
Total dividends
Payout ratio (consolidated)
Dividends to
net assets (consolidated)
End of 2Q
Year-end
Annual
FY2014
Yen
Yen
Yen
Million yen
%
%
14.00
20.00
34.00
3,228
32.3
3.8
FY2015
26.00
20.00
46.00
4,369
34.9
4.5
FY2016 forecast
22.00
28.00
50.00
33.9
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Forecast of Consolidated Results for FY2016 (December 1, 2015 - November 30, 2016)
Net sales
Operating income
Ordinary income
Net income
Net income per share
Semi-Annual
Million yen %
Million yen %
Million yen %
Million yen %
Yen
57,000 1.4
10,600 -3.8
10,600 -3.4
6,300 -4.8
66.28
Annual
117,000 4.5
23,000 6.5
23,000 6.9
14,000 11.8
147.30
- Others
Changes in significant subsidiaries during the current period
(Changes in specified subsidiaries that caused a change in the scope of consolidation) : None
Changes in accounting principles and accounting estimates and retrospective restatement
Changes in accounting principles due to amendment to accounting standards: None
Changes other than (2)-(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): FY2015: 95,955,226 shares
FY2014: 95,955,226 shares
Number of treasury stock at the end of each period: FY2015: 908,970 shares
FY2014: 997,617 shares
Average number of shares outstanding in each period: FY2015: 94,991,265 shares
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash & cash equivalents at end of period | |
FY2015 | Million yen | Million yen | Million yen | Million yen |
19,588 | -16,976 | -6,216 | 19,402 | |
FY2014 | 19,688 | -3,119 | -12,813 | 21,474 |
FY2014: 94,959,095 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
Current Assets | As of Nov. 30, 2014 | As of Nov. 30, 2015 | |
Cash and time deposits | 22,547 | 21,472 | |
Notes and accounts receivable | 21,628 | 21,519 | |
Marketable securities | 1 | 78 | |
Merchandise and finished goods | 16,046 | 19,292 | |
Work in process | 4,874 | 5,297 | |
Raw materials and supplies | 5,800 | 6,083 | |
Deferred tax assets | 1,807 | 2,238 | |
Other | 2,963 | 2,899 | |
Allowance for doubtful accounts | (209) | (188) | |
Total current assets | 75,459 | 78,692 | 3,232 |
Change
Fixed Assets Tangible Assets
Building and structures | 15,819 | 16,651 | |
Machinery and equipment | 22,716 | 27,428 | |
Tools, furniture, and fixtures | 1,833 | 2,117 | |
Land | 13,578 | 15,107 | |
Construction in progress | 2,239 | 1,968 | |
Other | 2 | 2 | |
Total tangible assets | 56,190 | 63,276 | 7,086 |
Intangible Assets
Goodwill | 192 | 532 | |
Other | 1,109 | 721 | |
Total intangible assets | 1,302 | 1,254 | (47) |
Investments and Other Assets Investment securities | 6,399 | 7,239 | |
Investment in capital | 675 | 1,733 | |
Long-term loans | 336 | 444 | |
Deferred tax assets | 459 | 412 | |
Other | 1,795 | 2,488 | |
Allowance for doubtful accounts | (317) | (411) | |
Total investments and other assets | 9,349 | 11,906 | 2,556 |
Total fixed assets | 66,842 | 76,437 | 9,595 |
Total | 142,302 | 155,129 | 12,827 |
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets (Million yen : amounts less than one million yen are omitted)
FY2014 FY2015
Current Liabilities | As of Nov. 30, 2014 | As of Nov. 30, 2015 | |
Notes and accounts payable | 4,159 | 4,980 | |
Short-term loans payable | 3,934 | 4,052 | |
Current portion of long-term loans payable | 523 | 445 | |
Accrued expenses | 6,486 | 6,715 | |
Income taxes payable | 3,751 | 3,486 | |
Deferred tax liabilities | - | 7 | |
Reserve for directors' bonuses | 449 | 637 | |
Other | 2,930 | 3,189 | |
Total current liabilities | 22,236 | 23,515 | 1,279 |
Long-term Liabilities | |||
Convertible bonds | 15,000 | 14,850 | |
Long-term borrowings | 551 | 847 | |
Deferred tax liabilities Retirement allowance for directors and corporate auditors | 945 45 | 1,222 50 | |
Liabilities for employees' retirement benefits Other | 261 2,318 | 244 761 | |
Total long-term liabilities | 19,122 | 17,976 | (1,145) |
Total liabilities | 41,358 | 41,491 | 133 |
Shareholders' Equity Common stock | 10,404 | 10,404 | |
Capital surplus | 12,051 | 12,090 | |
Retained earnings | 66,837 | 75,719 | |
Treasury stock | (1,209) | (1,104) | |
Total shareholders' equity | 88,084 | 97,109 | 9,025 |
Change
Accumulated other comprehensive income Unrealized gain on
available-for-sale securities 2,044 2,709 Deferred gain on
derivatives under hedge accounting | - 2 | |
Foreign currency translation adjustments | 1,328 2,745 | |
Total accumulated other comprehensive income | 3,373 5,456 | 2,083 |
Minority Interests | 9,485 11,071 | 1,585 |
Total net assets | 100,943 113,637 | 12,694 |
Total liabilities and net assets | 142,302 155,129 | 12,827 |
OSG Corporation issued this content on 2016-01-12 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 09:15:03 UTC
Original Document: http://www.osg-ir.com/eng/ir_library/pdf_result/2015-11SummaryReport.pdf