Investor Relations

Financial Data

Financial Report

Financial Highlights

EBARA CORPORATION and Consolidated Subsidiaries
(Fiscal years ended December 31, 2017)

Millions of JPY
Thousands
of USD *1
2014/3
2015/3
2016/3 2017/3 2017/12*2
2017/12*2
Financial Results:
 Orders
¥512,276
¥487,554
¥491,280 ¥477,956 ¥413,569
$3,659,903
 Net sales
448,658
482,700
486,235 476,105 381,993 3,380,469
 Operating income
32,195
34,567
38,011 29,996 18,115 160,310
 Ordinary income 31,311 36,258 36,472 28,465 16,529 146,274
 Profit attributable to owners of parent
18,974
23,581
17,254 20,588 9,531
84,345
 Depreciation and amortization
12,118
13,039
11,611 13,739 11,924
105,522
 Capital expenditures
18,153
15,847
15,730 22,675 12,387
109,618
 R&D expenses
6,465
6,754
7,633 8,759 7,219
63,885
Financial Position:
 Total assets *3
¥530,211
¥570,392
¥579,860 ¥588,458 ¥612,920
$5,424,071
 Total net assets
215,047
247,553
250,445 277,509 284,789
2,520,256
 Shareholders’ equity *4
208,036
239,059
241,017 271,357 277,956
2,459,787
 Interest-bearing debt
119,673
121,501
120,127 96,531 114,593
1,014,097
 Retained earnings 70,629 91,816 102,446 117,884 121,321 1,073,637
Cash Flows:
 Cash flows from operating activities
¥26,615
¥11,296
¥21,528 ¥33,816 ¥44,158
$390,779
 Cash flows from investing activities
3,539
(15,894)
(14,343) (18,564) (7,907)
(69,973)
 Cash flows from financing activities
(25,337)
(7,045)
(9,655) (15,102) 11,297
99,973
 Free cash flow
30,154
(4,598)
7,185 15,252 36,251
320,806
 Cash and cash equivalents (at end of period) 102,338 95,603 91,185 90,683 139,103 1,231,000
Share Data: *5
 Number of issued shares (1,000 shares)
465,187
465,644 466,045 101,736 101,783
 Cash dividends (yen and U.S. dollars)
7.50
12.00
12.00 36.00 45.00
0.40
 Payout ratio (%) *6 18.4 23.6 32.3 28.1 48.00
Per Share Data (yen and U.S. dollars): *5
 Profit (Loss) attributable to owners of parent *7
¥40.86
¥50.77
¥37.12 ¥213.71 ¥93.84 $0.83
 Total net assets 448.05 514.38 518.16 2,672.19 2,735.94 24.21
Financial Indicators:
 ROIC (%) *8
5.8
6.9
4.8 5.6 2.5
 ROE (%) *9
9.6
10.5
7.2 8.0 3.5
 Debt/equity ratio (times)
0.58
0.51
0.50 0.36 0.41
 Operating income on sales ratio (%) 7.2 7.2 7.8 6.3 4.7
 Equity ratio (%)
39.2
41.9
41.6 46.1 45.3
 Overseas sales ratio (%)
52.8
53.6
52.2 52.7 60.1
Number of Employees:
 EBARA CORPORATION and consolidated subsidiaries
15,168
16,030
16,270 16,317 16,219
*1 ) The U.S. dollar amounts are included solely for convenience and have been translated as a matter of arithmetical computation only at the rate of ¥113.00=US$1, the rate of exchange prevailing on December 29, 2017.
*2 )Ebara Corporation has changed its fiscal year-end from March 31 to December 31, effective from the fiscal year ended December 31, 2017, following the approval at the Company's 152nd general meeting of shareholders.
For the fiscal year ended December 31, 2017, which is the transition period of the fiscal year change, the consolidated financial results includes the results for nine months, from April 1, 2017 to December 31, 2017.
The results for twelve months, from January 1, 2017 to December 31, 2017, for the consolidated subsidiaries whose fiscal year ends at December 31 are included as before.
*3 ) The provisional accounting treatment concerning business combinations implemented in the fiscal year ended March 31, 2016 was finalized in the fiscal year ended March 31, 2017, and the finalized details of the provisional accounting treatment have been reflected in total assets for the fiscal year ended March 31, 2016.
*4 ) Shareholders’ equity: Net assets excluding subscription rights to shares and non-controlling interests
*5 ) Ebara Corporation has conducted a consolidation of common shares at a rate of one share for every five shares with an effective date of October 1, 2016.
*6 ) When the annual dividend of ¥36.00 for the fiscal year ended March 31, 2017 (including an interim dividend of ¥6.00) is converted after the consolidation of shares, it is equivalent to ¥60.00 per share, consisting of an interim dividend of ¥30.00 and a year-end dividend of ¥30.00.
*7 ) Profit (loss) attributable to owners of parent per share is based on the average number of shares outstanding (excluding treasury stock) during the fiscal year.
Total net assets per share is calculated using the number of shares outstanding (excluding treasury stock) as of the end of the fiscal years.
*8 ) ROIC: Profit attributable to owners of parent / (Interest-bearing debt (Average between beginning and end of period) + Shareholders’ equity (Average between beginning and end of period))
*9 ) ROE: Profit attributable to owners of parent /Shareholders’ equity (Average between beginning and end of period)