SNT Corporation Business Report FY ended Mar. 2015

Financial Overview

(in million JPY)

	FY ended Mar. 31, 2015	FY ended Mar. 31, 2014	Rate of Change (%)	Factors
Overall
Sales	20,115	18,910	6.4	-Weak JPY in combination with strong THB
Operating income	1,358	1,524	(10.9)	-Increased expenses such as energy costs, including higher electric-power rates in Japan, and depreciation expenses.
Ordinary income	2,152	2,102	2.4	-
Net income	1,386	1,316	5.3	-
Forged products business
Sales	15,393	14,649	5.1	-
Operating income	1,001	1,143	(12.4)	-

Outlook for FY ending Mar. 31, 2016

(in million JPY))

	FY ending Mar. 31, 2016 (Forecast)	FY ended Mar. 31, 2015 (Actual Results)	Rate of change (%)
Sales	19,500	20,115	(3.1)
Operating income	1,900	1,358	39.9
Ordinary income	2,050	2,152	(4.7)
Net income	1,250	1,386	(9.8)

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income, etc.)

Capital Expenditure

(in million JPY)

	FY ended Mar. 31, 2015	FY ended Mar. 31, 2014	FY ended Mar. 31, 2013
Overall	1,251	1,223	1,173

-Major investment costs were for installing machining facilities (JPY 237 million) and dies used in forging (JPY 380 million) at Siam Metal Technology Co., Ltd.; and for repairing forging facilities in Japan (JPY 585 million).

Planned Capital Investments

(As of Mar. 31, 2015)

Company name	Location	Equipment to be installed	Estimated amount of investment (in million JPY)	Start	Planned completion	Production capacity increase on completion
Siam Metal Technology Co., Ltd.	Rayong, Thailand	Machining facilities	474	Aug. 2014	Sep. 2015	150T per month increase in machining
		Electric power receiving facilities (expansion)	251	Aug. 2014	Dec. 2015	-
		Die plant (expansion)	202	Nov. 2014	May 2015	-

Data

Segments	Mar. 2015	Mar. 2014	Mar. 2013
Forging	586	587	600
Construction machinery	51	54	56
Logistics	48	51	56
Corporate (In common)	17	17	18
Total	702	709	730

Sales by Segment

(in million JPY)

	FY ended Mar. 31, 2015		FY ended Mar. 31, 2014		FY ended Mar. 31, 2013
	Sales	Operating Income	Sales	Operating Income	Sales	Operating Income
Forging	15,393	1,001	14,649	1,143	14,234	1,078
Construction machinery	3,439	570	3,006	537	2,608	473
Logistics	1,141	51	1,090	63	1,503	167
Real Estate	140	67	163	89	155	81
Adjusted amount	-	(332)	-	(310)	-	(315)
Total	20,115	1,358	18,910	1,524	18,502	1,484

Sales by Geographic Area

(in million JPY)

	FY ended Mar. 31, 2015	FY ended Mar. 31, 2014	FY ended Mar. 31, 2013
Japan	13,115	12,167	12,647
Thailand	6,348	6,171	5,653
Other	651	571	200
Total	20,115	18,910	18,502

(Note) Sales are based on customer locations, categorized by country or region.

Consolidated

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income, etc.)

	FY ended Mar. 31, 2011	FY ended Mar. 31, 2012	FY ended Mar. 31, 2013	FY ended Mar. 31, 2014	FY ended Mar. 31, 2015
Sales (thousand yen)	18,072,630	20,590,282	18,502,088	18,910,098	20,115,682
Income from ordinary business activities (thousand yen)	1,961,556	2,390,354	2,058,168	2,102,239	2,152,511
Net income (thousand yen)	1,468,717	694,302	1,290,016	1,316,207	1,386,318
Comprehensive income (thousand yen)	1,334,774	350,167	2,117,908	2,526,269	2,999,411
Net assets (thousand yen)	22,103,503	22,187,452	24,040,354	26,199,727	28,880,946
Total assets (thousand yen)	32,390,125	33,208,564	30,464,699	33,266,370	37,099,916
Book value per share (yen)	843.00	846.29	916.27	998.17	1,099.82
EPS (yen)	56.22	26.58	49.38	50.38	53.07
Diluted EPS (yen)	-	-	-	-	-
Net asset ratio (%)	68.0	66.6	78.6	78.4	77.4
ROE (%)	6.9	3.1	5.6	5.3	5.1
PER	6.55	19.30	8.40	7.76	10.63
Cash flow from operating activity (thousand yen)	2,957,628	2,790,804	889,119	2,594,612	3,233,693
Cash flow from investment activity (thousand yen)	(430,316)	(513,193)	(988,676)	(1,231,790)	(1,290,761)
Cash flow from financial activity (thousand yen)	(306,607)	(510,202)	(2,511,606)	(472,334)	(316,092)
Balance at the term-end of cash and cash equivalents (thousand yen)	8,646,121	10,256,689	7,895,080	9,032,349	10,952,051
Number of employees	692	708	730	709	702

Non Consolidated

	FY ended Mar. 31, 2011	FY ended Mar. 31, 2012	FY ended Mar. 31, 2013	FY ended Mar. 31, 2014	FY ended Mar. 31, 2015
Sales (thousand yen)	7,634,619	9,417,163	8,061,800	8,126,450	8,995,857
Income from ordinary business activities (thousand yen)	609,496	1,065,816	786,958	1,214,923	1,120,457
Net income (thousand yen)	592,167	22,557	533,756	925,938	824,945
Paid-in Capital (thousand yen)	7,256,723	7,256,723	7,256,723	7,256,723	7,256,723
Number of stock outstanding	28,998,691	28,998,691	28,998,691	28,998,691	28,998,691
Net assets (thousand yen)	19,027,308	18,790,207	19,282,986	20,320,437	21,563,648
Total assets (thousand yen)	22,219,923	22,683,124	22,374,311	24,267,504	26,390,392
Book value per share (yen)	728.36	719.28	738.15	777.87	825.46
Dividend per share (yen)	10.00	10.00	12.00	12.00	14.00
EPS (yen)	22.67	0.86	20.43	35.44	31.58
Diluted EPS (yen)	-	-	-	-	-
Net asset ratio (%)	85.6	82.8	86.2	83.7	81.7
ROE (%)	3.1	0.1	2.8	4.7	3.9
PER	16.23	596.51	20.31	11.03	17.86
Payout ratio (%)	44.1	1,162.8	58.7	33.9	44.3
Number of employees	99	103	106	110	111