IBIDEN CO., LTD. Notice of the 162 Ordinary General ... · Particulars: 1. Date and hour 2:00 p.m., Wednesday , June 17, 2015 2. KandaPlace-cho, Ogaki city, Gifu Pref. In the conference

Securities Identification Number: 4062

June 1, 2015

To Shareholders of IBIDEN CO., LTD. 2-1, Kanda-cho, Ogaki-city, Gifu Pref.

President & CEO, Representative Director Hiroki TAKENAKA

IBIDEN CO., LTD. Notice of the 162nd Ordinary General Meeting of Shareholders

Thank you very much for your continued support of IBIDEN CO., LTD. You are cordially invited to attend the 162

nd Ordinary General Meeting of Shareholders of IBIDEN CO., LTD.

(the “Company”) to be held as set forth below. If you are unable to attend the meeting, you can exercise your voting rights by either of the methods described below. Please kindly review the “Reference Materials for General Meeting of Shareholders,” and exercise your voting rights by no later than 5:00 p.m., Tuesday, June 16, 2015 (Japan time).

Options for exercising your right to vote

Exercise of Voting Rights by Attendance at Ordinary General Meeting of Shareholders

Date of Ordinary General

Meeting of Shareholders

Please submit the enclosed Voting Rights Exercise Form to the reception desk on the date of the Meeting.

Wednesday, June 17, 2015

2:00 p.m. (Japan time)

Exercise of Voting Rights by Mail

Deadline for Exercise Please send Company the enclosed Voting Rights Exercise Form, indicating your approval or disapproval of the proposals, by no later than the prescribed deadline for exercise. Tuesday,

June 16, 2015, 5:00 p.m. (Japan time)

Exercise of Voting Rights by Internet

Deadline for Exercise

Tuesday,

June 16, 2015,

5:00 p.m. (Japan time)

Please access the designated website for the exercise of voting rights (http://www.web54.net), using the “code for exercise of voting rights” and the “password” specified on the enclosed Voting Rights Exercise Form. Please follow the instructions on the screen and register whether you approve or disapprove of the proposal. In exercising your voting rights, please check the “Instructions for Voting via the Internet” on pages 5 and 6 of this document.

Particulars:

1. Date and

hour

2:00 p.m., Wednesday , June 17, 2015

2. Place Kanda-cho, Ogaki-city, Gifu Pref.

In the conference hall on the 2nd floor of the Company’s head office building

3. Agenda items

Matters to be

reported

（1） Business report and consolidated financial statements, and audit reports by the accounting auditor and the board of auditors on the consolidated financial statements, for the 162

nd fiscal year (from April 1,

2014 to March 31, 2015) （2） Financial statements for the 162

nd fiscal year (from April 1, 2014 to

March 31, 2015)

Proposals to be acted upon:

Proposal 1: Partial Amendment to the Articles of Incorporation

Proposal 2: Election of ten (10) Directors

Proposal 3: Election of two (2) Corporate Auditors

Proposal 4: Election of one (1) Substitute Outside Corporate Auditor

4.Rules regarding the General Meeting of Shareholders (1) If a shareholder casts votes more than once via the Internet, the last vote cast shall be

treated as the valid exercise of the voting rights. (2) If a shareholder casts votes both via the Internet and by mailing the Voting Rights Exercise Form, the vote cast via the Internet shall be treated as the valid exercise of the

voting rights.

＜To shareholders who attend the Ordinary General Meeting of Shareholders＞

Ordinary General Meeting of Shareholders will be held from 2:00 pm on the date above.

Please make sure to be at Company’s head office building before the starting time.

Reception for the meeting will start from 1:00 pm. There will be no lunch.

Venue will be crowded on the day of the meeting. Please be advised in advance that you may

be guided to an alternative venue if the main venue becomes fully occupied.

All shareholders in alternative venue may view all reports and communication to be made in

main venue via a monitor screen during the Ordinary General Meeting of Shareholders.

Please bring this Notice of the 162nd Ordinary General Meeting of Shareholders when you

attend.

Information Disclosed via the Internet

Company’s website ht tp : / /www. ib iden .co . jp /

◎ Pursuant to the laws and regulations and Article 15 of the Company’s Articles of Incorporation, notes to

consolidated/non-consolidated financial statements (in Japanese) are posted on the website above, and are not contained in the documents accompanying the Notice of the 162

nd Ordinary General Meeting of

Shareholders. The consolidated/non-consolidated financial statements audited by the Accounting Auditor and the Board of Auditors are the respective accompanying documents specified in this Notice and the notes to the consolidated/non-consolidated financial statements posted on the website above.

◎ If there is any minor amendment to the “Reference Materials for General Meeting of Shareholders” and/or the Consolidated /non-consolidated financial statements, such amendment will be posted on the Company’s website indicated above.

This document is an English translation of the Notice of the 162nd Ordinary General Meeting of Shareholders originally prepared in

Japanese. This English translation is for general reference purposes only and is subject to errors and omissions. All information

contained herein is deemed accurate, but is not guaranteed.

Proposal 1: Partial Amendment to the Articles of Incorporation ❶ Reasons for the amendment

The Company propose to set new articles, for election of a Substitute Auditor for being prepared in the event

the Company lacks the number of Auditors becomes less than that required by laws and regulations.

❷ Contents of amendment

Contents of amendments are as below:

(Underlined portions are portions to be changed)

Current Articles of Incorporation Proposed Amendment

Chapter 5: Auditors and Board of Auditors

Article 28 (Provision Omitted)

Article 29 (Election of an Auditors）

Auditors shall be elected by resolution at the Company’s

Ordinary General Meetings of Shareholders.

2. Election of an Auditor shall be made by majority of votes

of Shareholders who are entitled to exercise their votes

at the Ordinary General Meetings of Shareholders,

being one thirds or more of vote of such Shareholders

who are present at the Ordinary General Meetings of

Shareholders.

(Newly added)

(Newly added)

Article 30

|

Article 35

(Provision Omitted)

Chapter 5: Auditors and Board of Auditors

Article 28 (Provision Omitted))

Article 29 (Election of an Auditors）

Auditors shall be elected by resolution at the Company’s

Ordinary General Meetings of Shareholders.

2. Election of an Auditor shall be made by majority of votes

of Shareholders who are entitled to exercise their votes

at the Ordinary General Meetings of Shareholders,

being one thirds or more of vote of such Shareholders

who are present at the Ordinary General Meetings of

Shareholders.

3. The Company, under the provision of Article 329

Paragraph 3 of the Companies Act, may appoint a

Substitute Auditor in order to be prepared in the event

the Company lacks the number of Auditors becomes

less than that required by laws and regulations.

4. The effective term of the resolution for election of

Substitute Corporate Auditor shall expire at the

beginning of the Ordinary General Meetings of

Shareholders relating to the last fiscal year ending

within four (4) years from his/her election.

Article 30

|

Article 35

(Provision Omitted)

Proposal 2: Election of ten (10) Directors Term of office of all directors (thirteen (13) directors) will end upon the closing of this Ordinary General

Meeting of Shareholders.

The Company, therefore, proposes that ten (10) directors be elected.

The candidates for directors are as follows:

Reassignment

1 Hiroki TAKENAKA (Date of Birth: January 1, 1951)

Numbers of the Company’s

Shares Owned

76,700

Career, Area in Charge and Position at the Company and Other major positions

concurrently held April 1973 Joined IBIDEN Co., Ltd.

June 1997 Director

June 2001 Managing Director

June 2005 Director & Executive Managing Officer

April 2007 Representative Director, President & CEO (to present)

January 2015 In charge of Electronics Operations (to present)

January 2015 In charge of R&D Operations (to present)

May 2015 In charge of DPF Operations (to present)

Reassignment

２ Yoichi KUWAYAMA (Date of Birth: May 30, 1958)

Numbers of

the Company’s Shares Owned

23,800



April 2007 Executive

April 2008 Corporate Officer

April 2011 Operations Manager of DPF Operations

April 2012 Managing Officer

June 2012 Director & Managing Officer

April 2014 Director & Executive Managing Officer (to present)

April 2014 Operations Manager of Ceramics Operations (to present)

Reassignment

３ Tsuyoshi NISHIDA (Date of Birth: July 10, 1956)

Numbers of


17,500





April 2011 Operations Manager of CSP Operations

June 2013 Director & Corporate Officer

April 2014 Director & Managing Officer

April 2014 Operations Manager of PKG Operations

January 2015 Director & Executive Managing Officer (to present)

January 2015 Operations Manager of Electronics Operations (to present)

January 2015 Director of IBIDEN Electronics (Beijing) Co., Ltd.(to present)

Major Concurrent Duties

Director of IBIDEN Electronics (Beijing) Co., Ltd.(to present)

New

４ Takayuki TAKAGI

(Date of Birth: January 13, 1951)

Numbers of


34,560


concurrently held July 1975 Joined IBIDEN Co., Ltd.

June 2003 Director

January 2005 Deputy Operations Manager of Electronics Operations

June 2005 Corporate Officer

April 2006 Deputy Operations Manager of PKG Operations

April 2008 Managing Officer

April 2009 Operations Manager of Energy & Environment Operations

April 2012 Executive Managing Officer (to present)

January 2015 Operations Manager of Strategic Manufacturing Operations (to present)

January 2015 In charge of CSR Promotion (to present)

January 2015 In charge of Energy Control Division (to present)

Reassignment

５ Takeshi AOKI

(Date of Birth: February 4, 1958)

Numbers of


18,700





April 2013 Deputy Operations Manager of ECP Operations

June 2013 Director & Corporate Officer

April 2014 Director & Managing Officer (to present)

April 2014 Deputy Operations Manager of Ceramics Operations (to present)

August 2014 In charge of SCR Operations (to present)

New

６

Kozo KODAMA (Date of Birth: March 23, 1963)

Numbers of


11,200



April 2007 Division Manager of Production Management Division APG Operation


April 2009 Unit Manager of Unit 1 APKG Operations

April 2010 Deputy Operations Manager of PKG Operations


April 2012 Vice President of IBIDEN Philippines Inc.

January 2015 Managing Officer (to present)

January 2015 Deputy Operations Manager of Electronics Operations (to present)

Reassignment

７ Kazushige OHNO (Date of Birth: October 05,1966)

Numbers of


16,500

C Career, Area in Charge and Position at the Company and Other major positions

concurrently held May 1991 Joined IBIDEN Co., Ltd.

February 2006 Waseda University PhD (Engineering)



April 2013 Operations Manager of R&D Operations (to present)

June 2013 Director & Corporate Officer (to present)

Reassignment

８ Masahiko IKUTA (Date of Birth: August 29, 1962)

Numbers of


16,600





April 2010 Operations Manager of Strategic Corporate Planning Operations

April 2011 Operations Manager of FGM Operations

October 2013 In charge of FGM Operations (to present)

October 2013 In charge of IR, Operations Manager of Strategic Corporate Planning

Operations (to present)

June 2014 Director & Corporate Officer (to present)

Reassignment

Candidate of Outside Director

Independent Director

Years of Service as an Outside Director

2 years

(At the conclusion of 162nd

Ordinary General Meeting of

Shareholders)

…………………… Attendance at

The Board of Directors’ Meeting

in Fiscal Year 2014

12／12 times

（100％）

９ Shozo SAITO

(Date of Birth: July 9, 1950)

Numbers of


0


concurrently held June 2007 Executive Officer, Corporate Vice President of Toshiba Corporation

June 2010 Executive Officer, Corporate Executive Vice President of Toshiba

Corporation

June 2012 Director, Representative Executive Officer, Corporate Senior Executive

Vice President of Toshiba Corporation

June 2013 Outside Director of IBIDEN Co., Ltd. (to present)

June 2013 Executive Adviser of Toshiba Corporation (to present)

Major Concurrent Duties

- Executive Adviser of Toshiba Corporation

- Chairman of General Incorporated Association Semiconductor Industry Research

Institute Japan

- Representative Director of President of Nippon Electronic Device Industry

Association

Relation between his major concurrent duties and the Company

The Company has no special interests with Mr.Shozo SAITO

Reasons for his Nomination as an Outside Director

The Company proposes that Mr.Shozo SAITO be elected as an outside director, in

expectation of the advice and supervision which he will be able to provide based on his

abundant and wide-ranging experience and expertise, including those in relation to

corporate management.

Reassignment

Candidate of Outside Director

Independent Director

Years of Service as an Outside Director

1 year (At the conclusion of 162nd Ordinary General Meeting of Shareholders)

…………………… Attendance at

The Board of Directors’ Meeting

in Fiscal Year 2014

9／10 Times

（90％）

10

Chiaki YAMAGUCHI

(Date of Birth: December 25,1949)

Numbers of


5,000


concurrently held June 2003 Full-time Corporate Auditor of Toyota Industries Corporation

June 2011 Executive Managing Director of Toyota Industries Corporation

June 2012 Representative Director & Senior Vice President of Toyota Industries

Corporation

June 2014 Outside Director of IBIDEN Co., Ltd. (to present)

June 2015 Advisor of Towa Real Estate Co., Ltd. (to present)

Other Major Position Concurrently Held

Advisor of Towa Real Estate Co., Ltd.

Relation between his major concurrent duty and the Company The Company has no special interests with Mr.Chiaki YAMAGUCHI

Reasons for his Nomination as an Outside Director The Company proposes that Mr. Chiaki YAMAGUCHI be elected as an outside director, in expectation of the advice and supervision which he will be able to provide based on his abundant and wide-ranging experience and expertise, including those in relation to corporate management.

(Annotation) 1. The Company has no special interests with any of the candidates above.

2. Liability limitation agreements with outside director

The Company has executed with Mr. Shozo SAITO and Mr. Chiaki YAMAGUCHI, outside director, an agreement for limitation of liability for damage as stipulated in Article 423.1 of the Companies Act. Outline of contents of the liability limitation agreement as follows: (i) Liability for damage incurred due to an outside director’s failure to perform

his/her duties as an outside director shall be up to the amount of 20 million yen or the minimum liability amount stipulated in Article 425.1 of the Companies Act, whichever is higher.

(ii) The limitation of liability above applies only if an outside director has performed the duties which have caused his/her liability, without knowledge thereof and has not been grossly negligent in performing the same.

3. Pursuant to the provisions prescribed by Tokyo Stock Exchange, Inc. and Nagoya Stock Exchange, Inc., Mr. Shozo SAITO and Mr. Chiaki YAMAGUCHI have been appointed as independent directors and registered with both Stock Exchanges.

4. There are no further matters to be specified other than the above regarding the matters to be stated in the proposal for the election of the directors, as stipulated in Article 74 of the Ordinance for Enforcement of the Companies Act.

Proposal 3: Election of two (2) Corporate Auditors

Term of office of an Auditor: Mr. Yasuhiro KUMAGAI will end upon the closing of this Ordinary General

Meeting of Shareholders. Two (2) Corporate Auditors: Mr.Katsumi MABUCHI and Mr. Tadao KURIBAYASHI will resign upon the closing of this Ordinary General Meeting of Shareholders. The Company, therefore, proposes that two (2) directors be elected. The submission of this proposal at this Ordinary General Meeting of Shareholders was approved by the Board

of Auditors.

The candidates for Corporate Auditors are as follows:

New

1 Keiichi SAKASHITA (Date of Birth: April 21,1956)

Numbers of

the Company’s

Shares Owned

30,400

Career, Area in Charge and Position at the Company and Other major positions concurrently held

April 1981 Joined IBIDEN Co., Ltd.

April 2007 Director & Managing Officer

April 2009 In charge of Ceramic Operations

April 2009 Operations Manager of DPF Operations

April 2011 Operations Manager of Strategic Manufacturing Operations

April 2013 Director & Executive Managing Officer (to present)

January 2015 In charge of Audit (to present)

January 2015 In charge of IMS promotion(to present)

Reasons for his Nomination as a Candidate for an Corporate Auditor

The Company proposes that Mr. Keiichi SAKASHITA be elected as a corporate auditor, in expectation of the advice and supervision which he will be able to provide based on his abundant and wide-ranging experience and expertise on the Company’s business, including those in relation to corporate management.

New

Candidate for an Outside Corporate Auditor

２ Fumio KATO

(Date of Birth: January 20, 1944）

Numbers of

the Company’s

Shares Owned

0


July 2000 Deputy Manager of Investigation Department Nagoya Regional

Taxation Bureau July 2001 Superintendent of Showa Tax Office

August 2002 Registered as certified tax accountant, Opened Fumio Kato Certified Tax Accountant Office, Representative of Fumio Kato Certified Tax Accountant Office (to present)

July 2004 Outside Corporate Auditor of Seino Holdings Co., Ltd. (to present) November 2014 Outside Corporate Auditor of Himiraya Co., Ltd. (to present)


Representative of Fumio Kato Certified Tax Accountant Office

Reasons for his Nomination as a Candidate for an Outside Corporate Auditor

The Company proposes that Mr.Fumio KATO be elected as an outside corporate auditor, in expectation of the advice and supervision which he will be able to provide based on his abundant and wide-ranging experience and expertise as a certified tax accountant, including those in relation to corporate management.

Eligibility of a Candidate for an Outside Corporate Auditors

Mr. Fumio KATO has not been directly involved in the management of corporation, however, we expect him to adequately execute his duties as an outside corporate auditors with his knowledge and experience.

(Annotation) 1. The Company has no special interests with any of the candidates above. 2. Liability limitation agreements with outside corporate auditors

The Company has executed with Mr. Fumio KATO, outside corporate auditor, an

agreement for limitation of liability for damage as stipulated in Article 423.1 of the

Companies Act. Outline of contents of the liability limitation agreement as follows:

(i) Liability for damage incurred due to an outside auditor’s failure to perform

his/her duties as an outside corporate auditor shall be up to the amount of 18

million yen or the minimum liability amount stipulated in Article 425.1 of the

Companies Act, whichever is higher.

(ii) The limitation of liability above applies only if an outside corporate auditor

has performed the duties which have caused his/her liability, without

knowledge thereof and has not been grossly negligent in performing the

same.

If this proposal is approved, an agreement with the same terms and conditions

as those set forth above will also be executed with Mr. Fumio KATO, upon his

assumption of office as an outside corporate auditor.

2. Pursuant to the provisions prescribed by Tokyo Stock Exchange, Inc. and Nagoya Stock Exchange, Inc., The Company has appointed and registered Mr. Fumio KATO with both Stock Exchanges as a candidate for independent director.

3. There are no further matters to be specified other than the above regarding the matters to be stated in the proposal for the election of the corporate auditor, as stipulated in Article 76 of the Enforcement Regulations of the Corporate Law.

Proposal 4 Election of one (1) Substitute Outside Corporate Auditor

In order to be prepared in the event the Company lacks the number of Auditors becomes less than that required by laws and regulations. The Company proposes that Mr. Shogo KOMORI be elected as an substitute outside corporate auditor. The Company also proposes that, limiting to the period prior to the assumption of office, the appointment of substitute outside corporate auditor may be effectively withdrawn by the resolution of Board of Directors after obtaining an approval of the Board of Corporate Auditors. The submission of this proposal at this Ordinary General Meeting of Shareholders was approved by the Board of Auditors.

A candidate for Substitute Corporate Auditor is as below:

Candidate for a Substitute Outside Corporate Auditor

Shogo KOMORI

（Date of Birth: October 23,1979）

Numbers of


0


October 2003 Registered as attorney (Daini Tokyo Bar Association)

Joined Anderson Law Office October 2004 Switched the registration as attorney to Gifu Prefecture Bar

Association Joined Mori Law Office

March 2012 Opened Shogo KOMORI Law Office, Representative of the office (to present)

April 2012 Vice-chairman of Gifu Prefecture Bar Association


Representative of Shogo KOMORI Law Office

Reasons for his Nomination as a Candidate for a Substitute Outside Corporate Auditor

The Company proposes that Mr. Shogo KOMORI be elected as a substitute outside corporate auditor, in expectation of the advice and supervision to strengthen the Company’s audit system which he will be able to provide based on his abundant and wide-ranging experience and expertise as an attorney.

Eligibility of a Candidate for a Substitute Outside Corporate Auditors

Mr. Shogo KOMORI has not been directly involved in the management of corporation, however, we expect him to adequately execute his duties as a substitute outside corporate auditors with his knowledge and experience.

(Annotation) 1. The Company has no special interests with Mr. Shogo KOMORI. 2. If this proposal is approved and Mr. Shogo KOMORI assumes office as an outside corporate auditor, an agreement for limitation of liability for damage as stipulated in Article 423.1 of the Companies Act will also be executed with Mr. Shogo KOMORI.

Contents of the liability limitation agreement as follows: (i) Liability for damage incurred due to an outside auditor’s failure to perform

his/her duties as an outside corporate auditor shall be up to the amount of 18 million yen or the minimum liability amount stipulated in Article 425.1 of the Companies Act, whichever is higher.

(ii) The limitation of liability above applies only if an outside corporate auditor has performed the duties which have caused his/her liability, without knowledge thereof and has not been grossly negligent in performing the same.

CONSOLIDATED BALANCE SHEETS （In millions of yen）

Account As of March 31,2015

(Reference) As of March

31,2014

(Assets)

Current Assets 221,772 202,262

Cash and deposits 106,646 77,170

Notes and accounts

receivable - trade 59,655 59,152

Short-term investment

securities 5,197 15,191

Merchandise and finished

goods 13,201 14,795

Work in process 9,865 8,374

Raw materials and supplies 14,938 15,468

Deferred tax assets 2,878 2,578

Other - current assets 9,739 10,025

Less - allowance for

doubtful accounts △347 △494

Noncurrent Assets 298,074 259,850

Property, plant and

equipment 236,153 207,702

Buildings and Structures 93,487 85,314

Machinery, equipment and

vehicles 86,210 68,127

Land 19,056 19,114

Lease assets 584 2,189

Construction in progress 31,392 28,464

Other - property, plant and

equipment 5,422 4,491

Intangible assets 6,870 8,474

Account As of March

31,2015


31,2014

(Liabilities)

Current Liabilities 98,166 112,392

Notes and accounts payable

- trade 33,265 35,452

Short-term loans payable 25,665 18,161

Current portion of bonds ― 25,000

Accounts payable - other 14,928 14,993

Accrued income taxes 6,680 1,138

Deferred tax liabilities 35 15

Reserve for bonuses 3,958 3,830

Reserve for directors’

bonuses 167 153

Notes payable - facilities 1,837 1,491

Other - current liabilities 11,627 12,156

Non-Current Liabilities 61,589 27,158

Bonds payable 40,000 15,000

Long-term loans payable 10,189 3,412

Lease obligations 358 545

Deferred tax liabilities for

land revaluation 71 157

Net defined benefit liability 504 502

Deferred tax liabilities 8,897 5,544

Other - long-term liabilities 1,567 1,994

Total Liabilities 159,756 139,550

(Continued)



31,2014

Investments and other

assets 55,051 43,674

Investment securities 52,287 39,924

Long-term loans receivable 31 35


Other - investments and

other assets 1,761 2,766

Less - allowance for

doubtful accounts △340 △393

Total Assets 519,847 462,113

（In millions of yen）



31,2014

(Net Assets)

Shareholders’ Equity 305,815 290,855

Capital stock 64,152 64,152

Capital surplus 68,354 68,354

Retained earnings 210,423 195,459

Less - treasury stock, at cost △37,115 △37,110

Accumulated other

comprehensive income 50,284 27,564

Valuation difference on

available-for-sale securities 21,003 11,433

Deferred gains or losses on

hedges △1 ―

Revaluation reserve for land 156 71

Foreign currency translation

adjustments 29,126 16,059

Subscription rights to shares ― 353

Minority interests 3,991 3,789

Total Net Assets 360,091 322,562

Total Liabilities and Net

Assets 519,847 462,113

Note: Amounts less than one million yen are omitted. (Concluded)

CONSOLIDATED STATEMENTS OF INCOME （In millions of yen）

Account Fiscal year ended March 31, 2015

(Reference) Fiscal year ended March 31, 2014

Net sales 318,072 310,268

Cost of sales 237,241 236,926

Gross profit 80,830 73,341

Selling, general and administrative expenses 54,791 49,899

Operating income 26,039 23,442

Non-operating income 8,040 7,297 Interest income 394 384 Dividends income 794 632 Foreign exchange gains, net 5,769 5,166 Other - non-operating income 1,081 1,113

Non-operating expenses 2,766 2,337 Interest expenses 369 373 Rent expenses on facilities 9 11 Depreciation of inactive noncurrent assets 1,241 1,194 Other - non-operating expenses 1,146 758

Ordinary income 31,314 28,401

Extraordinary income 713 877 Gain on sales of noncurrent assets 193 68 Gain on sales of investment securities ― 188 Insurance income 166 ― Gain on reversal of subscription rights to shares 353 566 Other - extraordinary income ― 53

Extraordinary loss 2,422 3,794 Loss on retirement of noncurrent assets 1,226 959 Impairment loss 832 1,822 Loss on valuation of investment securities 1 2 Loss on liquidation of subsidiaries and affiliates 24 561 Loss on disaster 173 ― Other - extraordinary loss 163 447

Income before income taxes 29,604 25,484 Income taxes – current 9,680 5,799 Income taxes – deferred 658 2,039

Income before minority interests 19,265 17,645 Minority interests in income 158 166

Net income 19,107 17,479

Note: Amounts less than one million yen are omitted.

C O N S O L I D A T E D S T A T E M E N T O F C H A N G E S I N N E T A S S E T S

Fiscal year ended March 31, 2015 （ In millions of yen）

Shareholders’ Equity Accumulated other comprehensive

income

Capital stock

Capital surplus

Retained Earnings

Treasury Stock at cost

Total shareholders’

equity


available-for-sale securities

Deferred gains or losses

on hedges

Balance at the beginning of current period

64,152 68,354 195,459 △37,110 290,855 11,433 －

Changes of items during the period

Dividends from surplus △4,142 △4,142

Net income 19,107 19,107

Purchase of treasury stock △4 △4

Disposal of treasury stock △0 0 0

Net changes of items other than shareholders' equity

9,569 △1

Total changes of items during the period

－ △0 14,964 △4 14,959 9,569 △1

Balance at the end of current period

64,152 68,354 210,423 △37,115 305,815 21,003 △1

Accumulated other comprehensive income

Subscription rights

to shares Minority interests Total Net Assets Revaluation

reserve for land

Foreign currency

translation

adjustments

Total Valuation

and translation

adjustments Balance at the beginning of current period

71 16,059 27,564 353 3,789 322,562

Changes of items during the period

Dividends from surplus △4,142

Net income 19,107

Purchase of treasury stock △4

Disposal of treasury stock 0

Net changes of items other than shareholders' equity

85 13,066 22,720 △353 201 22,568

Total changes of items during the period

85 13,066 22,720 △353 201 37,528

Balance at the end of current period

156 29,126 50,284 － 3,991 360,091


BALANCE SHEETS (In millions of yen)



31,2014

(Assets)

Current Assets 124,567 103,606

Cash and deposits 52,197 31,809

Notes receivable - trade 1,063 977

Accounts receivable -

trade 27,563 20,258

Short-term investment

securities 5,197 15,191

Merchandise and finished

goods 4,752 4,462

Work in process 4,399 4,044

Raw materials and

supplies 3,217 2,892


Short-term loans

receivable 14,707 16,536

Accounts receivable -

other 8,559 4,948

Other - current assets 988 919

Less - allowance doubtful

accounts △106 △63

Noncurrent Assets 248,561 219,881

Property, plant and

equipment 62,288 68,577

Buildings 26,787 29,431

Structures 9,025 9,694

Machinery and equipment 9,519 9,537

Land 10,994 10,999

Construction in progress 3,805 6,647

Other - property, plant and

equipment 2,156 2,268

Intangible assets 1,097 1,078

Investments and other

assets 185,176 150,225

Investment securities 49,801 37,863

Account As of March

31,2015


31,2014

(Liabilities)

Current Liabilities 75,240 81,601

Notes payable - trade 3,840 3,609

Accounts payable - trade 14,960 12,872

Short-term loans payable 23,000 15,000

Current portion of bonds ― 25,000

Accounts payable - other 8,107 8,115

Accrued income taxes 5,680 ―

Deposit received 12,417 10,232

Reserve for bonuses 2,542 2,414

Reserve for directors’

bonuses 167 153

Notes payable - facilities 1,666 1,457

Other - current liabilities 2,857 2,747

Noncurrent Liabilities 56,005 21,588

Bonds payable 40,000 15,000

Long-term loans payable 10,000 3,000

Deferred tax liabilities 5,504 2,591

Other - noncurrent

liabilities 501 996

Total Liabilities 131,246 103,190

(Net Assets)

Shareholder’s Equity 221,150 208,587

Capital stock 64,152 64,152

Capital surplus 66,653 66,653

Legal capital surplus 64,579 64,579

(Continued)



31,2014

Stock of subsidiaries and

affiliates 134,788 98,914

Long-term loans

receivable ― 12,523

Other - investments and

other assets 609 1,004

Less - allowance doubtful accounts

△24 △81

Total Assets 373,129 323,488

(In millions of yen)



31,2014

Other capital surplus 2,074 2,074

Retained earnings 127,459 114,891

Legal retained earnings 3,548 3,548

Other retained earnings 123,910 111,342

Reserve for advanced

depreciation of non-

current assets

99 101

General reserve 8,600 8,600

Retained earnings

brought forward 115,210 102,641

Less - treasury stock, at

cost △37,115 △37,110

Valuation and translation

adjustments 20,733 11,357


available-for-sale securities 20,773 11,357

Subscription rights to

shares ― 353

Total Net Assets 241,883 220,297

Total Liabilities and Net Assets

373,129 323,488

Note: Amounts less than one million yen are omitted. (Concluded)

STATEMENTS OF INCOME （In millions of yen）

Account Fiscal year ended March 31, 2015

(Reference) Fiscal year ended March 31, 2014

Net Sales 146,559 141,067 Cost of sales 97,896 105,093

Gross profit 48,662 35,974 Selling, general and administrative expenses 31,778 29,363

Operating income 16,884 6,610 Non-operating income 9,582 12,784

Interest and dividends income 3,339 6,847 Foreign exchange gains, net 5,434 5,216 Other - non-operating income 809 721

Non-operating expense 1,551 1,874 Interest expenses 422 426 Rent expenses on facilities 240 225 Depreciation of inactive noncurrent assets 412 654 Other - non-operating expenses 475 568

Ordinary income 24,915 17,520 Extraordinary income 547 806

Gain on sales of noncurrent assets 190 14 Gain on sales of investment securities ― 171 Gain on reversal of subscription rights to shares 353 566 Other – extraordinary income 3 53

Extraordinary loss 1,861 953 Loss on retirement of noncurrent assets 424 552 Impairment loss 800 74 Loss on valuation of shares of subsidiaries and associates

438 ―

Loss on liquidation of subsidiaries and affiliates ― 182 Other - extraordinary loss 197 143

Income before income taxes 23,601 17,373 Income taxes - current 6,923 2,611 Income taxes - deferred △32 1,703

Net income 16,710 13,059


S T A T E M E N T O F C H A N G E S I N N E T A S S E T S

Fiscal year ended

March 31, 2015 （In millions of yen）

Shareholders’ Equity

Capital

stock

Capital surplus Retained earnings

Legal

Capital

surplus

Other

capital

surplus

Total capital

surplus

Legal

retained

earnings

Other retained earnings

Reserve for

advanced

depreciation

of noncurrent

assets

General

reserve

Retained

earnings

brought

forward

Balance at the

beginning of current

period

64,152 64,579 2,074 66,653 3,548 101 8,600 102,641

Changes of items

during the period

Reversal of reserve

for advanced

depreciation of

noncurrent assets

△1 1

Dividends from

surplus △4,142

Net income 16,710

Purchase of treasury

stock

Disposal of treasury

stock △0 △0

Net changes of items

other than

shareholders' equity

Total changes of items

during the period －－ △0 △0 － △1 － 12,568

Balance at the end of

current period 64,152 64,579 2,074 66,653 3,548 99 8,600 115,210

(Continued)

（In millions of yen）

Shareholders’ Equity Valuation and translation

adjustments

Subscription

rights

to shares

Total

Net

Assets

Retained

earnings Treasury

stock,

at cost

Total

shareholders’

equity

Valuation

difference on

available-for-

sale

securities

Total

Valuation

and

translation

adjustments

Total

retained

earnings

Balance at the

beginning of current

period

114,891 △37,110 208,587 11,357 11,357 353 220,297

Changes of items

during the period

Reversal of reserve

for advanced

depreciation of

noncurrent assets

－－－

Dividends from

surplus △4,142 △4,142 △4,142

Net income 16,710 16,710 16,710

Purchase of treasury

stock △4 △4 △4

Disposal of treasury

stock 0 0 0

Net changes of items

other than

shareholders' equity

9,376 9,376 △353 9,023

Total changes of items

during the period 12,567 △4 12,563 9,376 9,376 △353 21,586

Balance at the end of

current period 127,459 △37,115 221,150 20,733 20,733 － 241,883

(Concluded)


Documents

IBIDEN CO., LTD. Notice of the 162 Ordinary General ... · Particulars: 1. Date and hour 2:00 p.m., Wednesday , June 17, 2015 2. KandaPlace-cho, Ogaki city, Gifu Pref. In the conference