Report Summary for 3rd Quarter, Fiscal Year Ending March 2015
[Japanese GAAP] (Consolidated)
January 29, 2015
Company Name: Okinawa Cellular Telephone Company
Stock Listing: TSE JASDAQ
ＵＲＬ http://www.au.kddi.com/okinawa_cellular/index.html
Code No. : 9436 President : Hiroshi Kitagawa
For Inquiries :Yasushi Uehara, Executive Director,Manager, Corporate Management Department
Tel: (098) 951-0639
Date on which the quarterly report is to be submitted : February 5, 2015
Date of Commencement of Dividend Payment: ー
Preparation of additional explanatory materials related to the quarterly financial statements: Yes
Quarterly results briefing session: Yes
（Figures rounded off to nearest million yen.）
1. Consolidated Financial Results for 3rd Quarter, FY Ending March 2015 (Apr. 1, 2014 – Dec. 31, 2014)
(1) Consolidated Results of Operation
(percentage shows increase/decrease from the same quarter of the previous fiscal year)
Operating Revenues
％
million yen
Operating Income
％
million yen
Recurring Profits
％
million yen
Net Income
million yen
％
3rd Quarter, FY ending Mar. 2015
43,879
6.5
9,082
18.0
9,122
17.4
5,979
20.4
3rd Quarter, FY ended Mar. 2014
41,200
6.1
7,698
4.9
7,769
5.4
4,968
29.3
rd
(Reference) Comprehensive income
3 Quarter, FY ending Mar. 2015: 6,258million yen ：21.6％
3rd Quarter, FY ended Mar. 2014: 5,144million yen ：29.9％
Net Income Per Share
Diluted Net Income Per Share
yen
218.71
181.73
rd
3 Quarter, FY ending Mar. 2015
3rd Quarter, FY ended Mar. 2014
yen
－
－
(2) Consolidated Financial Position
Total Assets
million yen
Net Assets
million yen
Capital adequacy ratio
％
71,417
59,858
81.3
68,194
55,821
79.6
3rd Quarter, FY ending Mar. 2015
FY ended Mar. 2014
(Reference) Capital adequacy : 3rd Quarter, FY ending Mar. 2015 : 58,057 million yen
FY ended Mar. 2014 : 54,249 million yen
2. Dividends
FY ended Mar. 2014
FY ending Mar. 2015
FY ending Mar. 2015
(Project)
End of Q1
yen
－
－
End of Q2
yen
39.50
42.00
Dividends Per Share
End of Q3
yen
－
－
Year End
yen
42.00
Entire FY
yen
81.50
42.00
84.00
(Note) Revision made to recently announced dividend forecast: None
3. Consolidated Financial Results Forecast for FY Ending March 2015 (Apr. 1, 2014 – Mar. 31, 2015)
(percentage shows increase/decrease from previous term)
Operating Revenues Operating Income
Recurring Profits
Net Income
Earnings Per Share
million yen
Entire FY
58,500
％
4.9
million yen
10,200
％
11.4
million yen
10,200
(Note) Revision made to recently announced business performance forecast: Yes
-1-
％
10.2
million yen
6,500
％
11.2
yen
237.73
4. The notes
(1) Significant changes to subsidiary companies during this cumulative quarterly consolidated accounting term (specific changes
to subsidiary companies with a change in the scope of consolidation): None
New (- company) (Name:
)
Removed (- companies) (Name:
)
(2) Application of special accounting practices to consolidated quarterly financial statements: None
(3) Changes to accounting policy, or changes to estimates or restatements due to accounting issues
1) Changes to accounting policy due to a revision in accounting standards etc.: Yes
2) Changes to accounting policy due to reasons other than point 1): None
3) Changes to estimates due to accounting issues: None
4) Restatements: None
(Note) “Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26 issued on May 17, 2012) is applied. For
further details, please see “2. Items Concerning Summary Data (The notes) ” on page 9 of the attached document.
(4) Number of shares issued (common stock)
1) Outstanding shares at end of term (including treasury shares)
Third quarter of FY ending March 2015: 27,342,000 shares, FY ended March 2014: 27,342,000 shares
2) Number of treasury shares at end of term
Third quarter of FY ending March 2015 – shares, FY ended March 2014 – shares
3) Average shares during the term (cumulative for all quarters)
Third quarter of FY ending March 2015: 27,342,000 shares, Third quarter of FY ended March 2014: 27,342,000 shares
※ Notice Related to the Status of Implementation of Quarterly Review Procedures
The current quarterly financial statements are exempted from quarterly review procedures based on the Financial Instruments
and Exchange Act, but at the time of disclosure of these quarterly financial statements, we have not completed the review
process for the quarterly consolidated financial statements.
※ Explanation of Appropriate Use of Business Forecasts and Other Notes of Special Interest
Business performance forecasts for FY15, ending March 2015, have changed from those published in the “Report Summary
for 2nd Quarter, Fiscal Year Ending March 2015 (Consolidated)” (dated 30 October, 2014).
Details regarding future prospects, such as the business performance outlook, offered in this document, are based on
information available to the company at the present time, and certain assumptions deemed to be reasonable. They do not
constitute promises of future outcomes. The actual results may differ materially from the conditions depending on various
factors. For more information on the assumptions on which the forecasts are based and for points to note in putting such
forecasts to use, please see section "1. Qualitative Information Related to This Quarterly Accounting Term (3) Explanation of
Future Forecast Information on Consolidated Operating Results Forecast and Other Forecasts " on page 8.
-2-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
1. Qualitative Information on 3rd Quarter
(1) Explanation of Operating Results
1) Business Results and Other Overviews
Japan’s economy continues to recover modestly, with improvement trends visible in employment and income despite weaknesses
in personal consumption and other areas.
Meanwhile, the economy of Okinawa Prefecture, our area of operation, is experiencing overall expansion, with steady growth in
individual consumption led by the prefecture’s population growth and tourism-related demand, along with tourism and
construction-related businesses holding firm. And as for the rebound from the rush in demand that followed the consumption tax
hike, it has almost completely diminished for non-durable consumer goods, and is softening for durable consumer goods as well.
During this time, in the mobile telecommunications market, we have increased the speed of our communications network with
expanded coverage areas for the high-speed data transmission system LTE (Long Term Evolution). And along with the continuing
shift from conventional mobile phone handsets toward smartphones and tablets, there has been increasing homogeneity among
services and handsets, etc.
Telecom carriers are putting all of their efforts into attracting customers by introducing new price plans and other measures, and
new MVNO (Mobile Virtual Network Operator) carriers continue to enter the market, leading to further intensification of
competition.
In the fixed-line telecommunications market, we have seen changes in the business environment in anticipation of the start of
wholesale optical fiber sales by the NTT Group.
Against this backdrop, our operating results for the whole group for the 3rd quarter of the fiscal year ending March 2015 (April 1,
2014 to December 31, 2014) are as follows.
3rd Quarter,
3rd Quarter,
Previous Fiscal Year
Current Fiscal Year
(Apr. 1, 2013–
(Apr. 1, 2014 –
Dec. 31, 2013)
Dec. 31, 2014)
Operating Revenues
(million yen)
Operating expenses
(million yen)
Operating Income
(million yen)
Recurring Profits
(million yen)
Net Income
(million yen)
Increase/
Decrease
the rate of change
41,200
43,879
2,679
6.5％
33,501
34,797
1,295
3.9％
7,698
9,082
1,384
18.0％
7,769
9,122
1,352
17.4％
4,968
5,979
1,011
20.4％
Operating revenues in the cumulative 3Q consolidated accounting term increased by 2,679 million yen (6.5% increase) year-onyear to 43,879 million yen, owing to an increase in revenues from the packet communication fees received, which resulted from an
expanded customer base for au mobile phones and au HIKARI Chura, thanks to the steady progress of the Okinawa 3M Strategy.
Operating expenditure also increased by 1,295 million yen (3.9% increase) year-on-year to 34,797 million yen due to an increase
in sales-related costs and other factors, despite a decrease in depreciation expenses and disposal expenses of tangible assets.
As a result of the above, operating income increased by 1,384 million yen (18.0％ increase) year-on-year to 9,082 million yen,
recurring profits increased by 1,352 million yen (17.4％ increase) year-on-year to 9,122 million yen, and net income for this
quarter increased by 1,011 million yen (20.4％ increase) year-on-year to 5,979 million yen.
In terms of capital investment, we carried out the installation of high-speed data transmission service related equipment and
communications equipment for data traffic for the au mobile phone service along with the expansion of equipment related to the au
HIKARI Chura service, resulting in total capital investment amounting to 3,270 million yen.
Note) 3M stands for “multi-use”, “multi-network”, and “multi-device”.
2) Business-Wise Performance
Segment-based listings have been eliminated as our segments have been converted to a single group.
-3-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
<<Service Data>>
(au mobile phone service)
< Number of subscribers / handsets shipped >
3rd Quarter, Previous
3rd Quarter,
Fiscal Year
Current Fiscal Year
(Apr. 1, 2013 –
(Apr. 1, 2014 –
Dec. 31, 2013)
Dec. 31, 2014)
Net additions
Increase/
Decrease
the rate of change
18,000
14,200
(3,800)
(21.4)％
Total subscribers
595,600
620,000
24,400
4.1％
Number of handsets shipped
136,400
133,800
(2,600)
(1.9)％
Note 1) Net increase in subscriptions and the total number of subscriptions include subscriptions to excluding data
communications terminals, tablets and module services as well.
Note 2) Net increase in subscriptions and the total number of subscriptions have been rounded off to the nearest hundred.
Note 3) The number of handsets shipped has been rounded off to the nearest hundred.
Note 4) Numbers indicating increases and decreases have been rounded.
Note 5) The definition for calculating number of handsets shipped has been amended.
(Before amendment) Excluding tablets and modules
(After amendment) Excluding data communications terminals, tablets and modules.
Previous year’s data has been listed in amended form.
< Churn rate, ARPU >
3rd Quarter,
Previous Fiscal
Year
(Apr. 1, 2013 –
Dec. 31, 2013)
Churn rate [1,2] (%)
3rd Quarter,
Current Fiscal Year
(Apr. 1, 2014 –
Increase/
Decrease
the rate of
change
Dec. 31, 2014)
0.54
0.47
(0.07) point
－
Total ARPU[1,3] (yen)
4,834
4,945
111
2.3％
4,694
4,757
63
1.3％
auARPU (yen)
Voice ARPU (yen)
2,591
2,476
(115)
(4.4)％
Data ARPU (yen)
2,940
3,209
269
9.1％
Amount of discount applieds (yen)
(837)
(928)
(91)
－
140
188
48
34.3％
Value ARPU (yen)
For the au mobile phone services for the cumulative 3Q consolidated accounting term, a fuller lineup of au mobile handsets and
services, improvements in network quality, and other customer-focused services resulted in an increase in the total number of
subscriptions year-on-year by 24,400 (4.1% increase) to 620,000 subscriptions.
The churn rate decreased by 0.07 points year-on-year to 0.47%, as a result of a steady base of customers thanks to the effects of
“au Smart Value” and other factors.
Total ARPU increased by 111 yen (2.3% increase) year-on-year to 4,945 yen. As part of this, au ARPU increased by 63 yen
(1.3% increase) year-on-year to 4,757 yen resulting from an increase in smartphone subscriptions. Value ARPU increased by 48
yen (34.3% increase) year-on-year to 188 yen, with an increase in “au Smart Pass” subscribers as a major factor.
[1] The definitions for calculating churn rate, ARPU have been amended.
(Before amendment) Excluding tablets and modules
(After amendment) Excluding data communications terminals, tablets and modules.
Previous year’s data has been listed in amended form.
[2] Churn rate: the total number of cancellations during the relevant period divided by the total number of subscribers at the
end of the previous month of the same period.
-4-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
[3] ARPU (Average Revenue Per Unit): the average monthly income derived from each contract. Definitions are as follows.
Total ARPU: au ARPU + Value ARPU
au ARPU: Voice ARPU + Data ARPU + Amount of discount applieds
Amount of discount applieds: Applied Discount of "Monthly Discount" and "au Smart Value" discount amount
Value ARPU: Sales of "our services and affiliated company services + settlement fees + advertising"
<Main Topics of au mobile phone service > (October 1, 2014 – December 31, 2014)
(au product lineup) [4]
Major products launched in this 3Q term
・Smartphones
We launched “XperiaTM Z3” (October)
We launched “GALAXY Note Edge” (October)
We launched “isai VL” (December)
We launched “URBANO” (December)
We launched “Fx0 LGL25” (December)
・Conventional Mobile Phones
We launched “MARVERA2” (December)
・Tablets
We launched “iPad Air 2” (October)
We launched “iPad mini 3” (October)
We launched “GALAXY Tab S” (December)
(New Services)
・We began issuing the “au WALLET Credit Card”, a mobile phone credit card supporting the international brand Visa (October)
・We began offering “au VoLTE”, a next-gen voice call service utilizing the 4G LTE network (December)
・We began offering “Sync Call” and “Voice Party”, new communications services utilizing the VoLTE high quality sound and
voice calling service and features that enable simultaneous high speed data communication with LTE (December)
・We began offering “Data Gift”, which allows family members to give quantities of data to one another (December)
(Price Plans)
・We began offering “LTE Data Prepaid”, a prepaid service that lets customers purchase quantities of data according to needs for
use with tablets and PCs, without basic monthly charges (November)
(Others)
・Our subsidiary “Okinawa Value Enabler Co., Ltd. ” began offering “UQ mobile”, an MVNO service compatible with au’s 4G
LTE (December)
[4] Product names are the trademarks or registered trademarks of their respective owners.
-5-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
( au HIKARI Chura Service )
< au HIKARI Chura >
3rd Quarter, Previous
3rd Quarter,
Fiscal Year
Current Fiscal Year
(Apr. 1, 2013 –
(Apr. 1, 2014 –
Dec. 31, 2013)
Dec. 31, 2014)
Increase/
Decrease
the rate of change
Net additions
11,100
9,800
(1,300)
(11.7)％
Total subscribers
39,500
52,600
13,100
33.2％
4,988
4,992
4
0.1％
ARPU (yen)
Note 1) Net increase in subscriptions and the total number of subscriptions have been rounded off to the nearest hundred.
Note 2) Numbers indicating increases and decreases have been rounded.
As for the au HIKARI Chura service in the cumulative 3Q consolidated accounting term, with a completed round of area
expansion effects, net additions year-on-year decreased by 1,300.
Total subscribers have increased by 13,100 (33.2% increase) year-on-year to 52,600 owing to the steady progress of the Okinawa
3M Strategy.
<Main Topics of fixed-line telecommunications service (October 1, 2014 – December 31, 2014)
・Total subscriptions reaches 50,000 (October)
(2) Explanation of Financial Status
1) Consolidated Financial Position
< Assets, Liabilities, and Net Assets >
Previous Fiscal Year
(As of March 31, 2014)
3rd Quarter Closing,
Current Fiscal Year
(As of Dec. 31, 2014)
Increase/
the rate of change
Decrease
Total Assets (million yen)
68,194
71,417
3,223
4.7 %
Total Liabilities (million yen)
12,372
11,558
(813)
(6.6)%
Interest-bearing Liabilities
(million yen)
Total Net Assets (million yen)
1,500
1,213
(287)
(19.2)%
55,821
59,858
4,036
7.2 %
Capital adequacy ratio (%)
79.6%
81.3%
1.7 point
－
Total assets at the end of the current 3Q consolidated accounting term increased by 3,223million yen (4.7% increase) compared
with the end of the previous consolidated fiscal year to 71,417 million yen as a result of an increase in short-term loans to related
companies, among other factors, despite a decrease in supplies.
Liabilities decreased by 813 million yen (6.6% decrease) compared with the end of the previous consolidated fiscal year to
11,558 million yen due to a decrease in other accounts payable, among other factors.
Despite the payment of dividends, net assets increased by 4,036 million yen (7.2% increase) compared with the end of the
previous consolidated fiscal year to 59,858 million yen due to an increase in retained earnings resulting from the posting of
quarterly net income, among other factors.
As a result of the above, the capital adequacy ratio improved from 79.6% to 81.3% compared with the end of the previous
consolidated fiscal year.
-6-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
2) Cash flows
3rd Quarter,
3rd Quarter,
Previous Fiscal Year
Current Fiscal Year
(Apr. 1, 2013 –
(Apr. 1, 2014 –
Dec. 31, 2013)
Dec. 31, 2014)
Increase/
Decrease
Cash Flows from Operating Activities
(million yen)
7,948
9,765
1,816
Cash Flows from Investing Activities
(million yen)
(5,031)
(7,434)
(2,402)
Cash Flows from Financing Activities
(million yen)
(2,514)
(2,605)
(90)
402
(274)
(677)
2,747
3,061
313
48
－
(48)
3,199
2,786
(412)
2,917
2,331
(586)
Net increase in Cash and Cash Equivalents
(million yen)
Cash and Cash Equivalents at Beginning of
Period
(million yen)
Increase in cash and cash equivalents due to
merger
(million yen)
Cash and Cash Equivalents at End of Period
(million yen)
Free Cash Flow
(million yen)
Note) Free cash flow is the total of "Cash flows from operating activities" and "Cash flows from investment activities."
Cash and cash-equivalents at the end of the current 3Q consolidated accounting period were 2,786 million yen, while free cash
flow in the cumulative 3Q consolidated accounting term amounted to 2,331 million yen.
The various cash flows during the cumulative 3Q consolidated accounting term were as follows:
(Cash flows from operating activities)
Cash flows from operating activities resulted in an increase in income by 1,816 million yen to 9,765 million yen compared with
the previous cumulative 3Q consolidated accounting term, due to an increase in net income for the term before taxes, as well as an
increase in collection of installment loan receivables of handsets, among other factors.
(Cash flows from investing activities)
Cash flows from investing activities resulted in an increase in expenditures by 2,402 million yen compared with the previous
cumulative 3Q consolidated accounting term to 7,434 million yen due to a decrease in income from recovery of short-term loans to
related companies, among other factors.
(Cash flows from financing activities)
Cash flows from financing activities resulted in an increase in expenditures by 90 million yen compared with the previous
cumulative 3Q consolidated accounting term to 2,605 million yen as a result of an increase in dividends paid, among other factors.
-7-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
(3) Explanation of Future Forecast Information on Consolidated Operating Results Forecast and Other Forecasts
Based on recent performance trends and other factors, we have revised the Consolidated Financial Results Forecast for FY
Ending March 2015 (April 1, 2014 - March 31, 2015) that was published in the “Report Summary for 2nd Quarter, Fiscal Year
Ending March 2015 (Consolidated)” (dated October 30, 2014) as follows.
<<Consolidation>>
<Summary of Consolidated Business Performance Forecasts>
Last published
Current revised
forecast
forecast（Ｂ）
(Ａ)
Operating Revenues
(million yen)
Operating Expenses
(million yen)
Operating Income
(million yen)
Recurring Profits
(million yen)
Net Income
(million yen)
Increase/Decrease
（Ｂ－Ａ）
the rate of change
(For reference)
Previous FY results
56,100
58,500
2,400
4.3%
55,759
46,000
48,300
2,300
5.0%
46,599
10,100
10,200
100
1.0%
9,159
10,100
10,200
100
1.0%
9,259
6,500
6,500
－
－
5,843
Operating revenues were revised upward from previous projections by 2,400 million yen (4.3% increase) to 58,500 million yen
owing to a projected increase in the number of handsets shipped, with a higher-than-expected total sales of mobile phones thanks
to enhancement of our smartphone lineup and services in the au mobile phone service.
Operating expenditures were revised upward from previous projections by 2,300 million yen (5.0% increase) to 48,300 million
yen owing to a increase in sales-related costs and disposal expenses of fixed assets associated with upgrades in communications
equipment and other factors.
As a result of the above, we have revised our consolidated financial statements for the current term in terms of the following: a
increase in operating income by 100 million yen (1.0% increase) to 10,200 million yen, a increase in recurring profits by 100
million yen (1.0% increase) to 10,200 million yen.
Individual performance forecasts for the coming term are as follows:
<< au mobile phone service >>
Last published
forecast
forecast（Ｂ）
(Ａ)
Net additions
Total subscribers
Number of handsets
shipped
au ARPU (yen)
Current revised
Increase/Decrease
（Ｂ－Ａ）
the rate of change
(For reference)
Previous FY results
16,300
21,000
4,700
28.8%
28,300
622,200
626,900
4,700
0.8%
605,900
157,000
186,000
29,000
18.5%
188,800
4,720
4,720
－
－
4,673
Note 1) Net increase in subscriptions and the total number of subscriptions include subscriptions to excluding data
communications terminals, tablets and module services as well.
Note 2) Net increase in subscriptions and the number of subscriptions have been rounded off to the nearest hundred.
Note 3) The number of handsets shipped has been rounded off to the nearest hundred.
Note 4) Definition of Number of handsets shipped and au ARPU has been amended as a result of excluding data
communications terminals, tablets and modules.
-8-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
<< Service Data (au HIKARI Chura ) >>
< au HIKARI Chura >
Last published
forecast
(Ａ)
Net additions
Total subscribers
ARPU (yen)
Current revised
forecast
（Ｂ）
Increase/Decrease
（Ｂ－Ａ）
the rate of change
(For reference)
Previous FY
results)
9,800
13,000
3,200
32.7%
14,400
52,600
55,800
3,200
6.1%
42,800
4,930
4,990
60
1.2%
4,989
Note ) Net additions and the total number of subscriptions have been rounded off to the nearest hundred.
In the coming months, if a change in economic conditions, business competition, the success or failure of new services, and other
uncertain factors liable to affect business performance arise, we will consider timely revision of our business forecasts.
2. Items Concerning Summary Data (The notes)
(1) Significant changes to subsidiary companies during this cumulative quarterly consolidated accounting term
There is no applicable matter.
(2) Application of special accounting practices to consolidated quarterly financial statements
There is no applicable matter.
(3) Changes to accounting policy, or changes to estimates or restatements due to accounting issues
“Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26, issued on May 17, 2012; hereinafter “Retirement
Benefits Standard”) and “Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25, issued on
May 17, 2012; hereinafter “Retirement Benefits Guidance”) have been applied from the current 1Q consolidated accounting
term as for the provisions stipulated in article 35 of the Retirement Benefits Standard and in article 67 of the Retirement
Benefits Guidance. In a revision of the method of calculating retirement benefit obligations and work expenditures, the
attribution method for projected retirement benefit obligations has been changed from straight-line attribution to a final
average pay formula, and the method of determining the discount rate has been changed from a single discount rate based on
the number of years approximating the average remaining years in the employee’s service period to one that uses multiple
discount rates reflecting the projected payment period of retirement benefits and the amount for each projected payment
period.
With regard to the application of the Retirement Benefits Standard, in accordance with transitional accounting as stipulated
in article 37 of the Retirement Benefits Standard, the effect of the changes in the method of calculating retirement benefit
obligations and work expenditures is adjusted in the retained earnings at the beginning of current 3Q consolidated accounting
term.
As a result, liabilities related to retirement benefits for the beginning of current 3Q consolidated accounting term have
decreased by 156 million yen, and retained earnings have increased by 102 million yen. In addition, the impact on operating
income, recurring profits, and net income for the term before taxes and other adjustments for the current 3Q consolidated
accounting term is negligible.
-9-
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
3. Consolidated Financial Statements
(1) Consolidated Balance Sheets
As of March 31, 2014
Assets
Non-current assets
Non-current assets - telecommunications business
Property, plant and equipment
Machinery
Accumulated depreciation
Machinery, net
Antenna facilities
Accumulated depreciation
Antenna facilities, net
Terminal facilities
Accumulated depreciation
Terminal facilities, net
Local line facilities
Accumulated depreciation
Local line facilities, net
Long-distance line facilities
Accumulated depreciation
Long-distance line facilities, net
Engineering facilities
Accumulated depreciation
Engineering facilities, net
Submarine line facilities
Accumulated depreciation
Submarine line facilities, net
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
Vehicles
Accumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Construction in progress
Total property, plant and equipment
29,524
(18,723)
10,801
10,171
(4,199)
5,971
990
(539)
451
9,184
(4,891)
4,292
14
(4)
9
109
(27)
81
349
(347)
2
8,978
(1,752)
7,225
1,007
(699)
308
172
(14)
157
157
(145)
11
1,414
(758)
656
2,087
678
32,735
- 10 -
（Amount unit: Millions of yen）
As of Dec. 31, 2014
30,745
(20,704)
10,041
10,540
(4,685)
5,855
1,006
(553)
452
10,084
(5,317)
4,767
14
(5)
8
138
(31)
106
349
(349)
0
8,975
(2,007)
6,968
1,017
(731)
285
162
(32)
129
157
(149)
7
1,415
(850)
565
2,087
1,654
32,929
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
3. Consolidated Financial Statements
(1) Consolidated Balance Sheets
As of March 31, 2014
Intangible assets
Right of using submarine line facilities
Right of using facilities
Software
Leasehold right
Other intangible assets
Total intangible assets
Total non-current assets - telecommunications
business
Incidental business facilities
Property, plant and equipment
Property, plant and equipment, gross
Accumulated depreciation
Property,Plant and equipment,net
Total property, plant and equipment
Intangible assets
Total intangible assets
Total non-current assets - incidental business
Investments and other assets
Investment securities
Long-term loans receivable from inter-company
Long-term prepaid expenses
Net defined benefit asset
Deferred tax assets
Lease and guarantee deposits
Other investment and other assets
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Current assets
Cash and deposits
Accounts receivable - trade
Accounts receivable - other
Supplies
Prepaid expenses
Deferred tax assets
Short-term loans receivable from subsidiaries and
associates
Other current assets
Allowance for doubtful accounts
Total current assets
Total assets
- 11 -
（Amount unit: Millions of yen）
As of Dec. 31, 2014
14
109
156
2
9
292
12
100
137
2
9
262
33,027
33,192
565
(130)
434
434
9
444
509
13
1,036
－
602
23
141
(105)
2,220
35,692
3,061
16,437
2,090
788
265
606
617
(237)
379
379
4
384
535
13
901
97
486
24
137
(104)
2,090
35,667
2,786
17,188
2,045
668
307
486
9,409
12,416
5
(163)
32,501
68,194
10
(161)
35,750
71,417
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
3. Consolidated Financial Statements
(1) Consolidated Balance Sheets
As of March 31, 2014
Liabilities
Non-current liabilities
Long-term loans payable
Lease obligations
Provision for point card certificates
Net defined benefit liability
Other noncurrent liabilities
Total non-current liabilities
Current liabilities
Current portion of non-current liabilities
Accounts payable - trade
Lease obligations
Accounts payable - other
Accrued expenses
Income taxes payable
Advances received
Deposits received
Provision for bonuses
Provision for directors' bonuses
Other current liabilities
Total current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets
- 12 -
（Amount unit: Millions of yen）
As of Dec. 31, 2014
735
285
1,234
240
43
2,538
348
1,073
131
5,536
153
1,543
761
23
236
25
－
9,833
12,372
1,414
1,614
51,219
54,249
583
199
1,109
179
43
2,116
314
1,231
116
5,044
192
1,607
541
237
133
23
0
9,442
11,558
1,414
1,614
55,004
58,034
46
63
(46)
0
1,572
55,821
68,194
(40)
23
1,801
59,858
71,417
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
(2) Consolidated Statements of (Comprehensive) Income
(Consolidated Statements of Income)
Nine months ended
December 31, 2013
Operating income and loss from telecommunications
Operating revenue
Operating expenses
Business expenses
Facilities maintenance expenses
Administrative expenses
Depreciation
Non-current assets retirement cost
Communication facility fee
Taxes and dues
Total operation expenses
Net operating income from telecommunication
Operating income and loss from incidental business
Operating revenue
Operating expenses
Net operating loss from incidental business
Operating income
Non-operating income
Interest income
Dividend income
Gain on sales of investment securities
Rent income
Insurance income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Income before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income
Nine months ended
December 31, 2014
29,174
7,637
2,477
1,385
3,992
526
4,174
316
20,510
8,663
12,025
12,991
(965)
7,698
14
4
17
7
18
27
90
18
0
19
7,769
7,769
2,156
472
2,629
5,140
171
4,968
- 13 -
(Amount unit: Millions of yen)
31,172
8,903
2,608
1,264
3,788
321
4,120
258
21,266
9,906
12,706
13,531
(824)
9,082
16
5
－
6
0
24
53
13
0
13
9,122
9,122
2,718
168
2,887
6,234
254
5,979
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
(2) Consolidated Statements of (Comprehensive) Income
(Consolidated Statements of Comprehensive Income)
Nine months ended
December 31, 2013
Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Comprehensive income attributable to owners of
parent
Comprehensive income attributable to minority
interests
- 14 -
(Amount unit: Millions of yen)
Nine months ended
December 31, 2014
5,140
4
－
4
5,144
6,234
17
5
23
6,258
4,972
6,002
172
255
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
(3) Consolidated Statements of Cash Flows
Nine months ended
December 31, 2013
Cash flows from operating activities
Income before income taxes and minority interests
Depreciation
Amortization of goodwill
Loss on retirement of non-current assets
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for point card
certificates
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit liability
Decrease (increase) in net defined benefit asset
Interest and dividend income
Interest expenses
Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accounts payable - other
Other, net
Subtotal
Interest and dividend income received
Interest expenses paid
Proceeds from compensation
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of shares of subsidiaries
Payments for asset retirement obligations
Payment of short-term loans receivable from related
companies
Proceeds from collection of short-term loans to
affiliated companies
payments for merger
Other payments
Other proceeds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of long-term loans payable
Repayments of lease obligations
Cash dividends paid
Cash dividends paid to minority shareholders
Net cash provided by (used in) financing activities
- 15 -
Nine months ended
December 31, 2014
7,769
4,062
21
338
(16)
10
(Amount unit: Millions of yen)
9,122
3,900
－
255
(1)
－
(264)
(124)
(99)
－
－
(19)
18
(17)
(103)
(60)
(97)
(21)
13
－
(1,009)
(750)
(421)
152
28
157
(280)
(198)
9,920
19
(14)
－
(1,976)
7,948
(7,065)
－
(75)
(120)
19
－
(77)
(118)
58
12,381
21
(9)
23
(2,651)
9,765
(4,562)
195
(18)
－
－
(2)
－
(7,414)
(8,415)
10,221
5,409
(410)
(159)
50
(5,031)
(246)
(111)
(2,156)
－
(2,514)
－
(51)
10
(7,434)
(185)
(101)
(2,294)
(23)
(2,605)
Report Summary for 3rd Quarter, Fiscal Year Ending March 2015 (Consolidated)
for the Okinawa Cellular Telephone Company (Code No. 9436)
(3) Consolidated Statements of Cash Flows
Nine months ended
December 31, 2013
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting
from merger of subsidiaries
Cash and cash equivalents at end of period
- 16 -
Nine months ended
December 31, 2014
(Amount unit: Millions of yen)
－
－
402
2,747
(274)
3,061
48
－
3,199
2,786