Consolidated Financial Results
(Unit:Millions of yen)
  2015/3 2016/3 2017/3 2017/12※1 2018/12
Orders 487,553 491,280 477,956 413,569 575,576
Net sales 482,699 486,235 476,104 381,993 509,175
Operating income 34,567 38,011 29,995 18,115 32,482
Ordinary income 36,258 36,471 28,464 16,529 31,281
Profit (Loss) attributable to owners of parent 23,580 17,254 20,587 9,531 18,262
Consolidated Financial Position
(Unit:Millions of yen)
  2015/3 2016/3 2017/3 2017/12※1 2018/12
Total assets ※2 570,392 579,860 588,457 612,919 591,592
Total net assets 247,553 250,444 277,509 284,788 286,778
Shareholders’ equity ※3 239,058 241,016 271,356 277,955 279,640
Interest-bearing debt 121,500 120,126 96,531 114,592 79,137
Retained earnings 91,815 102,446 117,883 121,321 135,715
Consolidated Cash Flows
(Unit:Millions of yen)
  2015/3 2016/3 2017/3 2017/12※1 2018/12
Cash flows from operating activities 11,296 21,528 33,816 44,157 34,610
Cash flows from investing activities (15,894) (14,344) (18,563) (7,906) (15,927)
Cash flows from financing activities (7,044) (9,655) (15,102) 11,296 (46,412)
Free cash flow (4,597) 7,184 15,252 36,250 18,682
Cash and cash equivalents (at end of period) 95,604 91,185 90,683 139,102 110,556
Capital expenditures・ Depreciation and Amortization・ R&D expenses
(Unit:Millions of yen)
  2015/3 2016/3 2017/3 2017/12※1 2018/12
Capital expenditures 15,846 15,729 22,675 12,386 19,364
Depreciation and amortization 13,038 11,610 13,739 11,923 15,266
R&D expenses 6,754 7,632 8,758 7,218 10,698
Per Share Data※4
  2015/3 2016/3 2017/3 2017/12※1 2018/12
Profit (Loss) attributable to owners of parent (yen)※5 50.77 37.12 213.71 93.84 179.94
Total net assets (yen) 514.38 518.16 2,672.19 2,735.94 2,795.72
Cash dividends (yen) 12.00 12.00 36.00 45.00 60.00
Consolidated total payout ratio (%)※6 23.60 32.30 28.10 48.00 60.50
Financial Indicators
  2015/3 2016/3 2017/3 2017/12※1 2018/12
ROIC (%)※7 6.9 4.8 5.6 2.5 4.9
ROE (%)※8 10.5 7.2 8.0 3.5 6.6
Debt/equity ratio (times) 0.51 0.50 0.36 0.41 0.28
Operating income on sales ratio (%) 7.2 7.8 6.3 4.7 6.4
Equity ratio (%) 41.9 41.6 46.1 45.3 47.3
Overseas sales ratio (%) 53.6 52.2 52.7 60.1 55.0
Consolidated Number of Employees
(Unit : People)
  2015/3 2016/3 2017/3 2017/12※1 2018/12

Number of Employees

16,030 16,270 16,317 16,219 16,556
※1
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.
※2
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.
※3
Shareholders’ equity: Net assets excluding subscription rights to shares and non-controlling interests.
※4
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.
※5
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.
※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
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))
※8
ROE: Profit attributable to owners of parent /Shareholders’ equity (Average between beginning and end of period)