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Reconciliations of Non-GAAP Financial MeasuresLast updated : May 10, 2013

Reconciliation of Management Indices

Billions of yen

   
2009.3 2010.3 2011.3 2012.3 2013.3 2014.3
Forecast
Operating Income 1,109.8 1,117.7 1,214.9 1,223 1,202 1,230
Depreciation, Amortization, and Loss on Disposal of Property, Plant and Equipment 2,260.1 2,123.1 2,067.3 1,996.2 2,005.5 1,985
EBITDA 3,369.8 3,240.8 3,282.2 3,219.1 3,207.4 3,215
Operating Revenues 10,416.3 10,181.4 10,305 10,507.4 10,700.7 11,000
EBITDA Margin 32.4% 31.8% 31.9% 30.6% 30.0% 29.2%
Operating Income 1,109.8 1,117.7 1,214.9 1,223 1,202 1,230
Depreciation, Amortization, and Loss on Disposal of Property, Plant and Equipment 2,260.1 2,123.1 2,067.3 1,996.2 2,005.5 1,985
EBITDA 3,369.8 3,240.8 3,282.2 3,219.1 3,207.4 3,215
Capital Investment 2,145.1 1,987.1 1,870.1 1,946.6 1,970 1,870
Operating FCF 1,224.8 1,253.7 1,412.1 1,272.5 1,237.5 1,345
Operating Income 1,109.8 1,117.7 1,214.9 1,223 1,202 1,230
Normal Statutory Tax Rate 41% 41% 41% 41% 38% 38%
Operating Income X (1 - Normal Statutory Tax Rate) 655.8 660.3 717.8 722.5 742.1 759.4
Operating Capital Employed 12,142.7 12,238.6 12,427 12,365.4 12,255.8 12,410.6
ROCE 5.4% 5.4% 5.8% 5.8% 6.1% 6.1%
  1. EBITDA margin = (Operating income + Depreciation and loss on disposal of property, plant and equipment) / Operating revenues x 100
  2. Operating free cash flow = (Operating income + Depreciation and loss on disposal of property, plant and equipment) - Capital investment (*1)
  3. ROCE = Operating income x (1 - Effective tax rate) / Operating capital employed (*2) x 100
  • (*1)Figures for capital investment are the accrual-based amounts required for acquisition of Property, Plant and Equipment and Intangible Assets. The differences from the figures for "Payments for Property, Plant and Equipment" and "Payments for Acquisition of Intangible Assets" in the consolidated statements of cash flows are as described in the reconciliation below.

Reconciliation of Capital Investment

Billions of yen

   
2009.3 2010.3 2011.3 2012.3 2013.3
Payments for Property, Plant and Equipment 1,412 1,370.9 1,410.8 1,395.1 1,538.1
Payments for Acquisition of Intangible Assets - 545.4 484.2 458.2 446.6
Acquisition of Intangible and Other Assets 617 - - - -
Total 2,029 1,916.3 1,895 1,853.3 1,984.7
Difference from Capital Investment (116.1) (70.8) 24.9 (93.3) 14.7

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