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Enhance profitability of cement business
1. Domestic business: stabilize earnings
2. Overseas business: maximize earnings |
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Focus investment on priority and growth businesses
1. Overseas business
2. Mineral resources and environmental businesses
3. Ceramics and electronics business |
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Further identify and focus on priority businesses |
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Establish group management system |
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Establish group headquarters functions |
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(¥ billion)
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FY 2005 |
FY 2008 |
Difference |
| Net sales |
872.6 |
885.0 |
12.4 |
| Income from operations |
48.1 |
76.0 |
27.9 |
| Ordinary income |
38.2 |
64.0 |
25.8 |
| Net income |
14.4 |
29.0 |
14.6 |
| Operating cash flow |
54.3 |
76.0 |
21.8 |
| Total assets |
1,247.5 |
1,238.0 |
-9.5 |
| Interest-bearing debt |
665.9 |
630.0 |
-35.9 |
| ROA |
3.0% |
5.2% |
2.2% |
| Debt redemption years |
12.3 years |
8.3 years |
-4.0 years |
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| Factors contributing to ¥ 12.4 billion increase in consolidated net sales |
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1. Domestic cement business : -¥ 36.5 billion
2. Overseas cement business : ¥ 17.8 billion
3. Ceramics and electronics business : ¥ 32.2 billion |
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| Factors contributing to ¥ 27.9 billion increase in consolidated income from operations |
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1. Domestic cement business : ¥ 10.5 billion
2. Overseas cement business : ¥ 4.7 billion
3. Ceramics and electronics business : ¥ 8.0 billion |
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(¥ billion)
| Business segment |
Net sales |
Income from operations |
| FY 2005 |
FY 2008 |
Difference |
FY 2005 |
FY 2008 |
Difference |
| Cement |
515.7 |
497.0 |
-18.7 |
33.3 |
48.4 |
15.1 |
| Mineral resources |
99.6 |
93.3 |
-6.3 |
2.0 |
3.3 |
1.3 |
| Environmental |
59.0 |
61.4 |
2.4 |
4.6 |
4.4 |
-0.2 |
| Construction materials |
103.5 |
111.7 |
8.2 |
1.5 |
3.6 |
2.1 |
| Ceramics & electronics |
67.9 |
100.1 |
32.2 |
1.8 |
9.8 |
8.0 |
| Other |
116.6 |
110.5 |
-6.1 |
6.0 |
7.0 |
1.0 |
| Subtotal |
962.6 |
974.0 |
11.4 |
49.5 |
76.5 |
27.0 |
| Eliminations |
-89.9 |
-89.0 |
0.9 |
-1.3 |
-0.5 |
0.8 |
| Total |
872.6 |
885.0 |
12.4 |
48.1 |
76.0 |
27.9 |
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(¥ billion)
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Capital expenditure |
% of total |
| Domestic cement |
36.0 |
24% |
| Overseas cement |
57.1 |
37% |
| Mineral resources |
16.2 |
11% |
| Environmental |
12.8 |
8% |
| Construction materials |
6.8 |
4% |
| Ceramics & electronics |
12.1 |
8% |
| Other |
11.5 |
8% |
| Total |
152.5 |
100% |
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(¥ billion)
| Cash flow from operating activities |
FY 2006～2008 |
| Income from operations |
189.5 |
| Depreciation and amortization |
116.4 |
| Other |
-100.2 |
| Total |
205.7 |
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(¥ billion)
| Cash flow from investing activities |
FY 2006～2008 |
| Facility investment and others |
-173.6 |
| Sale of propety,plant and equipment |
23.4 |
| Total |
-150.2 |
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