MIRA INFORM
REPORT
|
Report Date : |
06.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
YAMATAKE CORPORATION |
|
|
|
|
Registered Office : |
2-7-3 Marunouchi, Chiyoda-ku, 100-6419 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
22.08.1949 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
Electronic Instruments and Controls |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Japan |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Bottom of Form
Company name & address
Yamatake Corporation
2-7-3 Marunouchi
Chiyoda-ku, 100-6419
Japan
Tel: 81-3-68101000
Fax: 81 (3) 5220-7270
Web: www.azbil.com
synthesis
Employees: 8,215
Company Type: Public Parent
Corporate Family: 7
Companies
Traded:
Tokyo Stock Exchange: 6845
Incorporation Date:
22-Aug-1949
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: Japanese
Yen
Annual Sales: 2,558.2 1
Net Income: 92.6
Total Assets:
2,624.1 2
Market Value: 1,700.7
(22-Jul-2011)
Business Description
Yamatake
Corporation is a Japan-based company that has four business segments. The
Building Automation segment offers network building automation systems, wide
area management systems, air conditioning management systems, actuators,
control valves for air conditioning, various wireless sensors and others, as well
as building and energy management, maintenance and consultation services. Its
Advanced Automation segment offers distributed control systems, solution
packages, equipment diagnosis equipment, converters, sensors and switches, as
well as maintenance and consultation services. The Life Automation segment
offers city gas meters, liquefied petroleum (LP) gas meters, water works
meters, healthy and medical emergency notification services, caring services,
residential whole building air-conditioning systems. The Others segment
provides precise machine tools, special assembly machines, processing machines,
measuring instruments, control equipment, die casts and metal molds. For the
fiscal year ended 31 March 2011, Yamatake Corporation's revenues increased 3% to
Y219.22B. The Company's net income increased 27% to Y7.93B. Revenues reflect
higher sales from building & advance automation business segments. Net
income also benefited from lower percentage of cost of sales and SG&A
expense, the presence of gain on sale of investment securities as well as
decreased loss on valuation of investment securities.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3210 - Manufacture
of electronic valves and tubes and other electronic components
NAICS 2002: 334419 - Other
Electronic Component Manufacturing
UK SIC 2003: 3210 - Manufacture
of electronic valves and tubes and other electronic components
US SIC 1987: 3679 - Electronic
Components, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Seiji Onoki |
President, Executive President,
Representative Director |
|
Keiichi Fuwa |
Managing Executive Officer, Manager of
Main Tokyo Office, Chief Director of Sales in Building System Company |
|
Tadashi Hirooka |
Managing Executive Officer |
|
Kouzou Edanami |
Co-Auditor |
|
Kinya Fujimoto |
Co-Auditor |
Significant Developments
|
Topic |
#* |
Most Recent
Headline |
Date |
|
Name Changes |
1 |
Yamatake Corporation to Change Company
Name |
10-May-2011 |
|
Debt Ratings |
1 |
R&I Affirms Yamatake Corporation's
Rating at "A"; Rating Outlook Stable |
6-Oct-2010 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Yamatake
Assigned Patent |
5-Aug-2011 |
|
WIPO
ASSIGNS PATENT TO YAMATAKE FOR "MODULATOR AND ??-TYPE D/A
CONVERTER" (JAPANESE INVENTORS) |
3-Aug-2011 |
|
Yamatake
Ups 1H Group Net Profit View To Y1.50B |
29-Jul-2011 |
|
Yamatake 1Q
Grp Net Loss Y545.00M Vs Y569.00M Loss Yr Earlier |
29-Jul-2011 |
|
Yamatake
Expects This FY Group Net Profit Y7.30B |
29-Jul-2011 |
Financial Summary
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88
Corporate Overview
Location
2-7-3 Marunouchi
Chiyoda-ku, 100-6419
Japan
Tel: 81-3-68101000
Fax: 81 (3) 5220-7270
Web: www.azbil.com
Quote Symbol - Exchange
6845 - Tokyo Stock Exchange
Sales JPY(mil): 219,216.0
Assets JPY(mil): 217,489.0
Employees: 8,215
Fiscal Year End: 31-Mar-2011
Industry: Electronic
Instruments and Controls
Incorporation Date: 22-Aug-1949
Company Type: Public
Parent
Quoted Status: Quoted
Previous Name: Yamatake-Honeywell
Co Ltd
President, Executive
President,
Representative Director: Seiji
Onoki
Company Web Links
· Corporate History/Profile
· Financial Information
· Home Page
· Investor Relations
· News Releases
· Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
7712 - Investigation and Security Services
2469 - Other Specialised Machinery and Equipment Manufacturing
2429 - Other Electronic Equipment Manufacturing
2439 - Other Electrical Equipment Manufacturing
2419 - Other Professional and Scientific Equipment Manufacturing
2299 - Other Fabricated Metal Product Manufacturing Not Elsewhere
Classified
5420 - Software Publishing
NACE 2002 Codes:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
3120 - Manufacture of electricity distribution and control
apparatus
2913 - Manufacture of taps and valves
7460 - Investigation and security activities
2924 - Manufacture of other general purpose machinery not
elsewhere classified
2912 - Manufacture of pumps and compressors
7221 - Publishing of software
3210 - Manufacture of electronic valves and tubes and other
electronic components
NAICS 2002 Codes:
333995 - Fluid Power Cylinder and Actuator Manufacturing
334513 - Instrument's and Related Products Manufacturing for
Measuring, Displaying, and Controlling Industrial Process Variable
333298 - All Other Industrial Machinery Manufacturing
335314 - Relay and Industrial Control Manufacturing
332911 - Industrial Valve Manufacturing
511210 - Software Publishers
332912 - Fluid Power Valve and Hose Fitting Manufacturing
561621 - Security Systems Services (except Locksmiths)
335313 - Switchgear and Switchboard Apparatus Manufacturing
334419 - Other Electronic Component Manufacturing
US SIC 1987:
3823 - Industrial Instruments for Measurement, Display, and Control
of Process Variables; and Related Products
3492 - Fluid Power Valves and Hose Fittings
7382 - Security Systems Services
3679 - Electronic Components, Not Elsewhere Classified
3593 - Fluid Power Cylinders and Actuators
3613 - Switchgear and Switchboard Apparatus
3625 - Relays and Industrial Controls
3559 - Special Industry Machinery, Not Elsewhere Classified
3491 - Industrial Valves
7372 - Prepackaged Software
UK SIC 2003:
2913 - Manufacture of taps and valves
74602 - Security and related activities
2924 - Manufacture of other general purpose machinery not
elsewhere classified
2912 - Manufacture of pumps and compressors
7221 - Publishing of software
3210 - Manufacture of electronic valves and tubes and other
electronic components
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
3120 - Manufacture of electricity distribution and control
apparatus
Business
Description
Yamatake Corporation
is a Japan-based company that has four business segments. The Building
Automation segment offers network building automation systems, wide area
management systems, air conditioning management systems, actuators, control
valves for air conditioning, various wireless sensors and others, as well as
building and energy management, maintenance and consultation services. Its
Advanced Automation segment offers distributed control systems, solution
packages, equipment diagnosis equipment, converters, sensors and switches, as
well as maintenance and consultation services. The Life Automation segment
offers city gas meters, liquefied petroleum (LP) gas meters, water works
meters, healthy and medical emergency notification services, caring services,
residential whole building air-conditioning systems. The Others segment
provides precise machine tools, special assembly machines, processing machines,
measuring instruments, control equipment, die casts and metal molds. For the
fiscal year ended 31 March 2011, Yamatake Corporation's revenues increased 3%
to Y219.22B. The Company's net income increased 27% to Y7.93B. Revenues reflect
higher sales from building & advance automation business segments. Net
income also benefited from lower percentage of cost of sales and SG&A
expense, the presence of gain on sale of investment securities as well as
decreased loss on valuation of investment securities.
More Business
Descriptions
Management, research and development, new business development,
manufacture of industrial and building automation systems and products, sales
of control products and international operations. Provision of optimum
automation solutions
Plumbing, Heating, and Air-Conditioning Contractors
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
Equity and Dept
Distribution:
9/02 WAS adjusted. FY'99-'02 WAS estimated. FY'04 & 05 & 06 1Q,
FY'07 3Q WAS & DPS & O/S were estimated. FY'08 3Q WAS=O/S. FY'08 Q1
WAS=O/S.FY'2011 Q2 eliminations for intersegment in BS was estimated.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders
Major Shareholders
Master Trust Bank of Japan (10.05%); Japan Trustee Services Bank
(7.46%); Meiji Yasuda Life Insurance Co (7.06%)
Key Corporate
Relationships
· Auditor: Deloitte & Touche LLP
· Auditor: Deloitte & Touche LLP, Deloitte Touche Tohmatsu
|
Corporate Family |
Corporate Structure News: |
|
|
|
|
Total Corporate Family Members: 7 |
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chiyoda-ku |
Japan |
Electronic Instruments and Controls |
2,558.2 |
8,215 |
|
|
Subsidiary |
Tokyo |
Japan |
Scientific and Technical Instruments |
300.2 |
450 |
|
|
Subsidiary |
Toshima-ku, Tokyo |
Japan |
Photography |
|
181 |
|
|
Subsidiary |
Phoenix, AZ |
United States |
Electronic Instruments and Controls |
|
11 |
|
|
Subsidiary |
Sterrebeek |
Belgium |
Miscellaneous Capital Goods |
7.5 |
7 |
|
|
Subsidiary |
Nakano |
Japan |
Electronic Instruments and Controls |
1.0 |
|
Executive report
|
Board of Directors |
|
|
|
|
|
|||||
|
Director |
Director/Board Member |
|
|
|||||
|
Senior Managing Executive Officer, President of Advance
Automation Company, Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Managing Executive Officer, Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
President, Executive President, Representative Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Senior Managing Executive Officer, President of Building
System Company, Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Senior Managing Executive Officer, Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Managing Executive
Officer, Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Director |
Director/Board Member |
|
|
|||||
|
|
||||||||
|
Executives |
|
|
|
|
|||||
|
President, Executive
President, Representative Director |
President |
|
|||||
|
||||||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Executive Officer |
Division Head Executive |
|
|
||||
|
Co-Managing Executive Officer |
Managing Director |
|
|
||||
|
Co-Managing Executive Officer |
Managing Director |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Managing Executive Officer, Manager of Main Tokyo Office,
Chief Director of Sales in Building System Company |
Sales Executive |
|
|
||||
|
Executive Officer, Chief Director of Sales in Advance
Automation Company |
Sales Executive |
|
|
||||
|
Executive Officer, Director of Marketing in Advance
Automation Company |
Marketing Executive |
|
|
||||
|
Managing Executive Officer |
Other |
|
|
||||
|
Executive Officer |
Other |
|
|
||||
|
Executive Officer, President of Kansai Office in Building
System Company |
Other |
|
|
||||
|
Managing Executive Officer, Chief Director of
Instrumentation in Building System Company |
Other |
|
|
||||
|
Executive Officer, Chief Director of Facility Management
in Building System Company |
Other |
|
|
||||
|
Executive Officer, Director of Legal Affairs and
Intellectual Property |
Other |
|
|
||||
|
Managing Executive Officer, Chief Director of
International Business Promotion |
Other |
|
|
||||
|
Executive Officer, President of Kansai Office in Advance
Automation Company |
Other |
|
|
||||
|
Managing Executive Officerr, Chief Director of Technology
Development |
Other |
|
|
||||
|
Executive Officer |
Other |
|
|
||||
|
Executive Officer, Director of Administration |
Other |
|
|
||||
|
Executive Officer, President of Tokyo Office in Advance
Automation Company |
Other |
|
|
||||
|
||||||||
Significant Developments
Yamatake Corporation to Change Company Name May 10, 2011
Yamatake
Corporation announced that it has decided to change its Japanese name into
Azbil Corporation, effective April 1, 2012.
R&I Affirms
Yamatake Corporation's Rating at "A"; Rating Outlook Stable Oct 06,
2010
Rating and
Investment Information, Inc. (R&I) announced that it has affirmed the
rating on Yamatake Corporation at "A". The rating outlook is stable.
Yamatake Assigned Patent
U.S. Fed News: 05
August 2011
[What follows is
the full text of the news story.]
By US Fed News
ALEXANDRIA, Va.,
Aug. 5 -- Yamatake, Tokyo, has been assigned a patent (7,990,521) developed by
Tatsuya Ueno, Tokyo, for a "distance/speed meter and distance/speed
measuring method."
The abstract of
the patent published by the U.S. Patent and Trademark Office states: "In a
distance/speed meter, first and second semiconductor lasers emit parallel laser
light beams to a measurement target. A first laser driver drives the first
semiconductor laser such that the oscillation interval in which at least the
oscillation wavelength monotonically increases repeatedly exists. A second
laser driver drives the second semiconductor laser such that the oscillation
wavelength increases/decreases inversely to the oscillation wavelength of the
first semiconductor laser. First and second light-receiving devices convert
optical outputs from the first and second semiconductor lasers into electrical
signals. A counting unit counts the numbers of interference waveforms generated
by the first and second laser light beams and return light beams of the first
and second laser light beams. A computing device computes the distance to the
measurement target and the speed of the measurement target from the minimum and
maximum oscillation wavelengths of the first and second semiconductor lasers
and the counting result obtained by the counting unit."
U.S. Fed News: 03
August 2011
[What follows is
the full text of the news story.]
GENEVA, Aug. 3 -- Publication No. WO/2011/089759 was published on July
28.
Title of the invention: "MODULATOR AND ??-TYPE D/A CONVERTER."
Applicants: Yamatake Corporation (JP).
Inventors: Tetsuya
Kajita (JP), Seita Nashimoto (JP), Naoki Nagashima (JP) and Kouji Okuda (JP).
According to the
abstract posted by the World Intellectual Property Organization: "The
disclosed device easily and precisely satisfies a requested output range, and
is provided with: a ??-modulator (12) which converts a digital input signal to
a pulse signal; an input comparison device (11) which compares an input value
that corresponds to the digital input signal, and a pre-set threshold value;
and a thinned output control unit (14) which, when the result of the comparison
by the input comparison device (11) shows that the input value is less than the
threshold value, reduces the output value corresponding to the input value in
accordance with the size of the difference between the input value and the
threshold value, and sets the output value to 0 when the input value is
0."
The patent was
filed on Sept. 30, 2010 under Application No. PCT/JP2010/067150.
Nikkei English News: 29 July 2011
[What follows is the full text of the news story.]
Yamatake Co.
(6845.TO)
GROUP New Forecast
Prior
For 1H To Sep 2011
Forecast
Revenue Y102.00
blnY99.00 bln
Operating Profit
3.50 bln 2.50 bln
Pretax Profit 3.30
bln 2.40 bln
Net Profit 1.50
bln 900.00 mln
Per share
Earnings 20.31 12.19
Results are based on Japanese accounting standards.
Nikkei English
News: 29 July 2011
[What follows is
the full text of the news story.]
Yamatake Co. (6845.TO)
Japan
1st Quarter Ended June 30
GROUP 2011 2010
Revenue Y44.61 blnY44.85 bln
Operating Profit (649.00) mln (129.00) mln
Pretax Profit (545.00) mln (169.00) mln
Net Profit (545.00) mln (569.00) mln
Per share
Earnings (7.39) (7.71)
Figures in parentheses are losses.
Results are based on Japanese accounting standards.
BioVigilant Introduces Next-Generation Rapid Biologic Detection System
to Safeguard Pharmaceutical Manufacturing Areas
BioVigilant Systems, Inc.
Computer Weekly
News: 08 June 2011
[What follows is
the full text of the news story.]
BioVigilant
Systems, Inc., (www.biovigilant.com), inventors of Instantaneous Microbial
Detection�, announced the introduction of its next-generation IMD-A� family
of rapid biologic detection systems for real-time environmental air monitoring
in pharmaceutical manufacturing environments.
BioVigilant's
IMD-A 300 and IMD-A 350 systems can detect immediately the presence of bacteria
in the drug manufacturing process, in contrast to traditional growth methods,
which can take as long as one week while cultures are being grown. As a result,
IMD-A systems can greatly accelerate the quality assurance processes for drug
batch release.
Based on the
principles of Mie Scattering and the intrinsic fluorescence of microorganisms,
the IMD-A 300/350 systems utilize laser light to simultaneously distinguish
inert from biologic particles, on a single particle basis. This single particle
analysis capability offers greater sensitivity in the detection of bacteria, in
contrast to the limited operational ranges displayed by common types of
traditional equipment, making them less sensitive in detecting low levels of
bacteria. In addition, IMD-A systems can be used to continuously monitor the
environment as opposed to traditional methods that are used periodically for
spot checks.
The IMD-A 300
samples 1.15 liters of air per minute while IMD-A 350 samples 28.3 liters per
minute. Inert and biologic particles are grouped into one of six bins from 0.5
microns to greater than 10 microns as displayed in PharmaMaster�, the
systems' 21CFR Part-11 compliant software. The software offers different levels
of functionality based on user need and authority, and allows for a library of
profiles to be created, each with discrete alert and action levels to address a
range of applications and manufacturing process environments. Both visual and
audible prompts warn the operator when an alert or action limit has been
reached, with a video feed from an optional Webcam available to assist with
root-cause analysis when needed.
BioVigilant CEO
Aric Meares said, "The US FDA continues to be very supportive of
industry's move to adopt modern technology and reap its benefits. BioVigilant's
IMD-A systems offer a ready tool for the advancement of Quality by Design
principles and Process Analytical Technology inside pharmaceutical
manufacturing."
He added,
"BioVigilant and the IMD Consortium, a group of renowned pharmaceutical
drug companies from around the globe, share a common purpose: to advance the
course of healthcare everywhere. For BioVigilant's part, our aim is to deliver
real-time information about the microbial risks present in an environment,
empowering our customers to act. We are fortunate to have cultivated strong
relationships with these industry leaders over the past several years and have
tailored our products to meet their needs." About BioVigilant With headquarters
in Tucson, Arizona, BioVigilant Systems invented instantaneous microbial
detection technology to address environmental monitoring needs in the
pharmaceutical, biotechnology, healthcare, and environmental applications.
BioVigilant's IMD systems detect - instantaneously and in real-time - particle
count, size, and biological status. Unlike other rapid microbial methods,
BioVigilant's optically-based systems require no staining, no reagents, no
waiting period, and little human intervention. The company holds 17 patents
with an additional 35 applications pending. BioVigilant is an affiliate of
Yamatake Corporation of the azbil Group. For more information, go to
www.biovigilant.com. Trademark Notice IMD�, IMD-A�, PharmaMaster�,
BioVigilant�, the BioVigilant logo, and the term Instantaneous Microbial
Detection� are the trademarks or registered trademarks of BioVigilant
Systems, Inc. in the United States and/or other countries. Other names or
brands may be the property of others.
Photon Control settles trade secret lawsuits it
filed against Azbil, Yamatake
Canadian Press DataFile: 24 May 2011
[What follows is the full text of the news story.]
BURNABY, B.C. _
Photon Control Inc. (TSXV:PHO) has settled two trade secret lawsuits it filed
in the United States against Azbil North America Inc. and its Japanese parent,
Yamatake Corp.
The B.C.-based
company said Tuesday that the lawsuits, which were related to Photon Control's
fibre optic temperature sensor technology, have been dismissed in California
without prejudice.
Photon said the
companies have agreed to continue their working relationship and entered into a
new agreement to develop and supply sensors to customers around the world.
In September, it
accused Azbil and its parent corporation of filing several patent applications
using confidential and proprietary information it developed and disclosed to
Azbil under a non-disclosure agreement.
Under the new
agreement, Photon will continue to provide products, technical support and
assistance to Azbil and its customers. The parties have also agreed to work
together to develop and protect their intellectual property in the area of
optical temperature sensors.
Shares in the
company were down one cent at 10.5 cents in afternoon trading on the TSX
Venture Exchange.
Photon Control Settles Two Law Suits With Azbil
North America, Inc. and Yamatake Corp.
Canada Newswire: 24 May 2011
[What follows is the full text of the news story.]
BURNABY, BC, May
24, 2011 /CNW/ - Photon Control Inc. ("Photon Control") (TSX-V: PHO),
a leading developer of innovative measurement technologies, announces
settlement of the two law suits with Azbil North America, Inc.
("Azbil") and Yamatake Corp. ("Yamatake") filed in the
United States, originally announced on September 22, 2010.
Photon Control
filed suit against Azbil in California state court, and against Azbil's parent,
Yamatake Corp., in federal court in California.� The disputes related to
Photon Control's proprietary and trade secret fiber optic temperature sensor
technology.� Photon Control asserted, among other things, that Azbil and
Yamatake had misappropriated the trade secrets of Photon Control.� Photon
Control has now resolved its disputes with Azbil and Yamatake and both
litigations have been dismissed without prejudice.
The parties have
agreed to continue their working relationship and have entered into a new
agreement with the expectation that all parties involved will benefit from
continued cooperation in the development and supply of fiber optic temperature
sensors to their customers throughout the world. Photon Control will continue
to provide products and technical support and assistance in the area of optical
temperature sensors to both Azbil and its customers.� Moreover, the parties
have agreed to work together to develop and protect their intellectual property
in the area of optical temperature sensors.
About Photon
Control Inc.��� www.photon-control.com
Photon Control
Inc. commercializes and develops innovative measurement technologies specializing
in Oil & Gas, Semiconductor, Power and Manufacturing industries world wide.
Photon Control's products have competitive advantages in both performance and
cost. Photon Control's mission is to preserve and improve human life through
the creation of innovative measurement technologies. Headquartered in Burnaby,
BC, Photon Control Inc is listed on the TSX Venture, trading under the symbol
''PHO." Additional information about the company can be found at
www.photon-control.com/investorrelations.
Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Australia: Yamatake Received Patent for 'Capacitive
electromagnetic flowmeter'
Australian Government: 24 May 2011
[What follows is the full text of the news story.]
Australia, May 24
-- Yamatake Corp., Tokyo, has filed an application (2007274520) on June 29,
2007, for 'Capacitive electromagnetic flowmeter.'
The patent is
effective from June 29, 2007, till June 29, 2027.
Inventor(s):
Toshimitsu Takahashi and Kouji Izumi
Application
Status: Sealed
Acceptance Date:
July 22, 2012
Paid to Date: June
29, 2012
The original document can be viewed at:http://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2007274520
BUSINESS WIRE DAILY SUMMARY - MAY 13, 14, 15, AND
16, 2011
Asia Pulse Businesswire: 17 May 2011
[What follows is the full text of the news story.]
A summary of news
releases for May 13, 14, 15, and 16, 2011, compiled by Business Wire, the
global leader in news distribution. To view any of these news release on
Business Wire's website, please go to www.businesswire.com .
1) Category Code:
Finance
YAMATAKE TO CHANGE
ITS NAME TO "AZBIL"
Yamatake
Corporation (TOKYO:6845) of the azbil Group has announced that it will change
its name to "Azbil" to consolidate and strengthen the
"azbil" brand.
2) Category Code:
Banking
OBERTHUR
TECHNOLOGIES WINS THE LAN AWARD FROM ICMA FOR THE BEST SECURE FINANCIAL CARD
DESIGN
Oberthur
Technologies, a world leader in the field of secure technologies, was awarded
the coveted lan Award for Best Secure Financial Card Design at the
International Card Manufacturing Association (ICMA) EXPO, held last week in
Hollywood, Florida. ICMA is the largest association of plastic card
manufacturers and personalisers in the world. Its purpose is to promote the
plastic card industry and the value of its products and services.
3) Category Code:
Finance
BATS GLOBAL MARKETS
FILES REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING
BATS Global
Markets, Inc. (BATS), a global operator of securities and derivatives markets,
today announced it filed a registration statement with the U.S. Securities and
Exchange Commission (SEC) for a proposed initial public offering of Class A
common stock.
4) Category Code:
University
DE MONTFORT UNIVERSITY TO ATTEND INTERNATIONAL YOUNG DESIGNER'S
EXHIBITION IN TAIWAN
De Montfort University (DMU) in Leicester is one of two UK Universities
to be invited to YODEX in Taiwan, one of the largest design fairs of its kind.
5) Category Code: Insurance
A.M. BEST AFFIRMS RATINGS OF WING LUNG INSURANCE COMPANY LIMITED
A.M. Best Co. has
affirmed the financial strength rating of B++ (Good) and issuer credit rating
of "bbb+" of Wing Lung Insurance Company Limited (WLI) (Hong Kong).
The outlook for both ratings is stable.
6) Category Code:
Insurance
A.M. BEST ASSIGNS
RATINGS TO POLICE HEALTH PLAN LIMITED
A.M. Best Co. has
assigned a financial strength rating of B++ (Good) and an issuer credit rating
of "bbb" to Police Health Plan Limited (Police Health) (New Zealand).
The outlook for both ratings is stable.
7) Category Code:
Other Energy
GT SOLAR ANNOUNCES
PRODUCTIVITY ENHANCEMENT TO DSS650 MULTICRYSTALLINE INGOT GROWTH SYSTEM
GT Solar
International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production
technology, and sapphire and silicon crystalline growth systems and materials
for the solar, LED and other specialty markets, today announced a productivity
improvement to its latest generation multicrystalline ingot growth system, the
DSST650, which was first announced in January. The DSS650 produces ingots
greater than 625 kilograms. The enhanced process improves productivity by 44
per cent over the DSS450 as a result of reduced cycle time, while maintaining
high crystal quality and mass ingot yield.
8) Category Code:
Internet
JOINT STATEMENT
FROM ALIBABA GROUP AND YAHOO! INC. REGARDING ALIPAY
Yahoo! Inc.
(NASDAQ: YHOO) and Alibaba Group issued the following statement regarding
Alipay: "Alibaba Group, and its major stockholders Yahoo! Inc. and
Softbank Corporation, are engaged in and committed to productive negotiations
to resolve the outstanding issues related to Alipay in a manner that serves the
interests of all shareholders as soon as possible."
9) Category Code:
Lodging
HILTON WORLDWIDE
NAMES DIRECTOR, CORPORATE COMMUNICATIONS, ASIA PACIFIC
Hilton Worldwide
today announced the appointment of Anne Marie Chua as director, corporate
communications, Asia Pacific. In her new role, Chua will lead external and
internal communications for Hilton Worldwide as it continues to expand rapidly
in the Asia Pacific region.
10) Category Code:
Forest Products
NEW PARTNERSHIP TO
HELP PRESERVE AND EXPAND POPULATION OF JAVAN RHINO, ONE OF WORLD'S RAREST
MAMMALS
Ujung Kulon
National Park, which may be the last remaining safe haven of the near extinct
Javan Rhino, signed an agreement this week with Asia Pulp & Paper (APP) to
help fund a new conservation and rehabilitation initiative in an effort to
expand the population of what is widely regarded as the world's rarest mammal.
11) Category Code:
Other Professional Services
TRIVITA LAUNCHES
IN AUSTRALIA
Tony Kent, CEO of
Baraka Productions and Independent TriVita Business Owner, ID 11240619
announced today that TriVita Inc. of Scottsdale AZ USA, is launching operations
in Australia. Product sales will be driven by national media campaigns that
will generate customers for independent distributors. This revolutionary
business model has created many executive level incomes for those who have
followed Mr. Kent.
12) Category Code:
Other Manufacturing
YAMATAKE LAUNCHES
INNOVATIVEFIELDTM ORGANIZER, A DEVICE MANAGEMENT SYSTEM FOR MAXIMIZING USE OF
HART AND FOUNDATIONTM FIELDBUS COMMUNICATIONS
Yamatake
Corporation (TOKYO:6845) of the azbil Group has announced that InnovativeField
Organizer, a device management system which, used with HART and FOUNDATION
fieldbus compliant related products, can achieve dramatically more efficient
instrumentation maintenance, improving plant safety and productivity.
13) Category Code:
Telecommunications
EXPANSION OF AREAS
SUPPLYING "KDDI INTERNET GATEWAY"
KDDI Corporation
(TOKYO:9433) will add first overseas points in six cities in three countries to
provide "KDDI Internet Gateway," an internet connection service for
corporate clients. The service will be available in New York City, Los Angeles,
San Jose and Pal Alto in the United States, as well as Hong Kong and Singapore
starting on May 18, 2011.
14) Category Code:
Pharmaceutical
BIOGEN IDEC
RECEIVES APPROVAL FOR FAMPYRA IN AUSTRALIA TO IMPROVE WALKING ABILITY IN ADULT
PATIENTS WITH MS
The Australian
Therapeutic Goods Administration (TGA) has granted approval for FAMPYRAT,
(fampridine) 10 mg Modified Release (MR) tablet, for the symptomatic
improvement of walking ability in adult patients with multiple sclerosis (MS)
who have shown improvement after eight weeks of treatment. FAMPYRA demonstrated
efficacy in people with all four major types of MS (relapsing remitting,
secondary progressive, progressive relapsing and primary progressive). FAMPYRA
can be used alone or with existing MS therapies, including immunomodulator
drugs.
15) Category Code:
Tobacco
22ND CENTURY GROUP
FILES FIRST QUARTER REPORT, ENGAGES REDINGTON, INC. AS INVESTOR RELATIONS FIRM
22nd Century
Group, Inc. (OTCBB: XXII.ob) filed its first-quarter 2011 report on Form 10-Q
on Friday with the Securities and Exchange Commission (SEC). The company
reported first-quarter revenue totaling approximately $167 thousand, including
net sales of $117 thousand, compared with zero revenue for the same quarter in
2010. Revenue related to the sale of SPECTRUMT, a research cigarette under
production for the U.S. government containing 8 different nicotine levels with
22 brand styles, contributed 67 per cent of first-quarter revenue.
16) Category Code:
Commercial Building and Real Estate
AL FAJER
PROPERTIES COMPLETES HANDOVER OF ITS FLAGSHIP JUMEIRAH BUSINESS CENTRE 1 TO END
USERS
Leading commercial
real estate developer, Al Fajer Properties (AFP), today announced that its
first commercial tower in its Jumeirah Business Centre (JBC) series has been
handed over to customers. JBC 1 represents the flagship tower for the developer
in the 9 tower JBC series located in the heart of the Jumeirah Lakes Towers
(JLT) free-zone.
17) Category Code:
Fleet Management
SMARTMATIC SIGNS
DEAL FOR BUS RAPID TRANSIT (BRT) IN COLOMBIA WORTH US$370 MILLION
Cartagena, the
most important touristic and cultural district of Colombia, selected
joint-venture partners Smartmatic and Dataprom, for the task of implementing
and operating an automated fare collection and fleet management system for the
new Integrated Mass Transportation System, targeted for a service life span of
the next 18 years.
18) Category Code:
Medical Devices
SMALL BONE
INNOVATIONS, INC. RECEIVES ACCREDITATION FROM JAPAN FOR ITS FACILITIES
Small Bone
Innovations, Inc. (SBi), announced today that its Morrisville, PA and Pronnas,
France facilities have received manufacturers' accreditation from the
government of Japan. The accreditation will allow product registrations in
Japan, currently the region's biggest market for orthopedic technologies at $25
billion in revenues annually.
19) Category Code:
Audio/Video
MHL TECHNOLOGY
REACHES MAJOR MILESTONE WITH THE FIRST MHL-ENABLED SMARTPHONES NOW IN MASS
PRODUCTION
MHL, LLC, the
entity responsible for administering the MHL Consortium and the adoption,
licensing and promotion of the MHLT (Mobile High-Definition Link)
Specification, today announced that the first mobile phones with MHL
connectivity are now in mass production - the Samsung Galaxy S II and InfuseT
4G. MHL technology enables the delivery of up to 1080p HD video and 7.1 digital
surround sound audio via a cabled connection from the mobile phone to the
display, while simultaneously providing power to the phone.
20) Category Code:
Other Energy
GT SOLAR ANNOUNCES
MULTIPLE NEW ORDERS TOTALING $84.3 MILLION FOR DSS CRYSTALLIZATION GROWTH
FURNACES
GT Solar
International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production
technology, and sapphire and silicon crystalline growth systems and materials
for the solar, LED and other specialty markets, today announced that it has
signed new contracts for its DSST multicrystalline growth furnaces from both
new and existing customers totaling $84.3 million. The new customers include
Nantong Zongyi New Material Co., Ltd. and Inner Mongolia Zhong Huan Solar
Material Co., Ltd. The orders will be included in GT's backlog for the quarter
ending June 2, 2011.
21) Category Code:
Medical Devices
SUNTECH MEDICAL
LAUNCHES DISPOSABLE BLOOD PRESSURE CUFFS
SunTech Medical,
Inc., a leader in non-invasive blood pressure measurement products and
technologies, announces the release of their new line of disposable blood
pressure cuffs.
22) Category Code: Biotechnology
QUINTILES &
Population Genetics Technologies Partner to Deliver Cost-Effective, Large-Scale
Genomic Testing to Biopharma
Quintiles, the
world's leading biopharmaceutical services company, and Population Genetics
Technologies Ltd. (PGT), creator of innovative solutions to reduce the costs
and complexity of large-scale genomic testing and enable correlations with
clinical outcomes, today announced a commercial collaboration to bring genomic
testing into mainstream drug development in order to produce safer, more
effective medicines.
23) Category Code:
Other Technology
THE WAIT IS OVER
FOR HEAVY-DUTY COMPACT TOSHIBA C10 SYSTEM
TOSHIBA TEC
(TOKYO:6588) unveiled their compact and ultra-silent WILLPOS C10 heavy-duty
terminal to cater for mission-critical mobile applications in manufacturing,
transportation, retail and energy-related industries.
24) Category Code:
Accounting
VERTEX TO OFFER
EDUCATIONAL SEMINAR TO CHINESE GOVERNMENT AND BUSINESS LEADERS
Vertex Inc., the
leading provider of corporate enterprise tax solutions, today announced that a
team of executives will present an educational seminar on tax complexities for
Chinese business and governmental leaders on May 19, 2011 at the KIC Plaza,
Yangpu, Shanghai, China.
25) Category Code:
Finance
NYSE EURONEXT
ACKNOWLEDGES WITHDRAWAL OF PROPOSAL BY NASDAQ OMX GROUP, INC. AND
INTERCONTINENTALEXCHANGE, INC.
NYSE Euronext
(NYSE: NYX) today acknowledged the withdrawal of the proposal from Nasdaq OMX
Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange Inc. (NYSE: ICE) to
acquire all outstanding shares of NYSE Euronext.
26) Category Code:
Finance
LEADING
RESTRUCTURING PARTNER GREGG GALARDI JOINS DLA PIPER IN NEW YORK
DLA Piper
announced today that Gregg Galardi, formerly a senior partner at Skadden, Arps,
Slate, Meager & Flom LLP, will join the firm as partner and co-chair of the
Bankruptcy and Reorganization Group, resident in the New York office. Galardi,
is widely recognized as one of the world's leading bankruptcy practitioners and
has more than 20 years of experience representing borrowers and debtors in
sophisticated and high-profile bankruptcies across multiple jurisdictions.
27) Category Code:
Oil/Gas
SABIC AND
EXXONMOBIL CHEMICAL AWARD CONTRACTS, SIGN TECHNOLOGY AGREEMENTS FOR PROPOSED
NEW ELASTOMERS PROJECT
Saudi Basic
Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical announced
that Front-End Engineering Design contracts were awarded and that all
components are in FEED phase for the proposed new elastomers project at their
Al-Jubail Petrochemical Company (KEMYA) joint venture petrochemical plant.
28) Category Code:
Other Energy
CORRECTING AND REPLACING
GT SOLAR ANNOUNCES MULTIPLE NEW ORDERS TOTALING $84.3 MILLION FOR DSS
CRYSTALLIZATION GROWTH FURNACES
GT Solar
International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production
technology, and sapphire and silicon crystalline growth systems and materials
for the solar, LED and other specialty markets, today announced that it has
signed new contracts for its DSST multicrystalline growth furnaces from both
new and existing customers totaling $84.3 million. The new customers include
Nantong Zongyi New Material Co., Ltd. and Inner Mongolia Zhong Huan Solar
Material Co., Ltd. The orders will be included in GT's backlog for the quarter
ending July 2, 2011.
29) Category Code:
Other Technology
LUXEON A MOVES
INTO VOLUME PRODUCTION AND EXTENDS THE PORTFOLIO DELIVERING FREEDOM FROM
BINNING
LUXEON A,
announced earlier this year, has moved into volume production and has been
submitted for an Innovation Award at Lightfair 2011. This is the second hot
tested and specified LUXEON LED from Philips Lumileds this year that also
delivers on the promise of Freedom From Binning. Philips Lumileds has committed
to deliver illumination grade LEDs to the industry in a concerted effort to
simplify and speed development of new lighting solutions and to deliver the
highest quality of light for each application. Advanced manufacturing control
allows the company to so accurately target a specific correlated color
temperature that each LUXEON A LED falls within one 3 step MacAdam ellipse
space at actual operating conditions.
30) Category Code:
Lodging
HILTON HHONORS
ANNOUNCES THE GREAT GETAWAY PROMOTION
Hilton HHonors,
the loyalty program for Hilton Worldwide's 10 distinct hotel brands, announced
its latest global promotion today - The Great Getaway. Guests can save up to 40
per cent on stays between May 27 and September 5, 2011, at any of the
participating hotels within the Hilton Worldwide portfolio, which include
Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton
Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton
Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton
and Hilton Grand Vacations.
31) Category Code:
Home Goods
TUPPERWARE BRANDS
CORPORATION CHAIRMAN AND CEO RICK GOINGS ELECTED CHAIRMAN OF BUSINESS
EXECUTIVES FOR NATIONAL SECURITY
Tupperware Brands
Corporation today announced that Chairman and CEO Rick Goings has been elected
Chairman of the Board of Business Executives for National Security (BENS), a
non-partisan organization that supports the U.S. government by applying pro
bono best business practice solutions to its most intractable national security
challenges. He replaces Joseph E. Robert, Jr., who has served as Chairman since
2007 and will now become Chairman Emeritus.
YAMATAKE LAUNCHES
INNOVATIVEFIELDTM ORGANIZER
Asia Pulse
Businesswire: 16 May 2011
[What follows is
the full text of the news story.]
(Full text of a
statement. Contact details below.)
(BW)(YAMATAKE-CORPORATION)(6845.TOKYO)
Yamatake Launches InnovativeFieldTM Organizer, A Device Management System for
Maximizing Use Of HART and FoundationTM Fieldbus Communications
Technology Editors
TOKYO--(BUSINESS
WIRE) - May. 16, 2011-- Yamatake Corporation (TOKYO:6845) of the azbil Group
has announced that InnovativeField Organizer, a device management system which,
used with HART and FOUNDATION fieldbus compliant related products, can achieve
dramatically more efficient instrumentation maintenance, improving plant safety
and productivity.
InnovativeField
Organizer executes integrated monitoring, diagnostics, and settings adjustment
for the numerous control valves and measuring devices used in a production
facility such as an oil refinery or a chemical plant, particularly in process
automation (PA). Working with related products, InnovativeField Organizer
provides the following benefits.
* Shortens the
time required for routine maintenance by dramatically improving the efficiency
of field device inspection such as loop checks before plant startup: Until now,
pre-startup checks in large plants have usually been done by several pairs for
3-5 days.
With proper
automation and laborsaving measures, this period can be reduced to 1-2 days.
* Minimizes losses
caused by device failure for providing real-time reports on device status: In
the case of a sudden device failure, time and production losses until the
problem is solved can cost from tens of millions to hundreds of millions of yen
(hundreds of thousands to millions of U.S. dollars), depending on the scale.
Detecting early warning signs of malfunction minimizes time and production
losses.
* Ensures that
maintenance expenditures are appropriate by continuous monitoring of trends in
field device status:
* Unifies the
interfaces for device adjustment and configuration by FDT/DTM technology:
Effective use of digital communications and the built-in diagnostic functions
of devices from various suppliers are possible regardless of the device or
communication protocol.
* Effective
maintenance for control valves: By incorporating the functions of Yamatake's
ValstaffTM maintenance support system, InnovativeField Organizer makes control
valve maintenance work and related decision making more effective.
Related products
coming to market at the same time
* BU100 HART I/O
module
* DOFC fieldbus
controller with enhanced functions
* DTM for
Yamatake's field devices
Sales price
* The minimum configuration price starts at 3,000,000 yen.
Sales schedule
* May 2011: InnovativeField Organizer, English version and related
products
* October 2011: InnovativeField Organizer, Japanese version (scheduled)
Yamatake Corporation
Masayoshi Kogai/Takashi Yoshihara/Hiroko Sudo, +81-3-6810-1006
Public Relations Section, Corporate Planning Dept.,
Email: publicity@azbil.com
URL: http://www.azbil.com/
KEYWORD: Asia Pacific Japan
INDUSTRY KEYWORD: Building Systems Energy Oil/Gas Technology Networks
Manufacturing Chemicals/Plastics Engineering Other Manufacturing Construction
& Property
CATEGORY KEYWORD: Product/Service
Yamatake Plans to
Change Its Name to 'Azbil'
Professional
Services Close-Up
19 May 2011
[What follows is
the full text of the article.]
Yamatake Corp. of
the azbil Group announced that it will change its name to "Azbil" to
consolidate and strengthen the "azbil" brand.
According to a
release on May 13, the new company name: Azbil Corp. will change on April 1,
2012.
Since it was
founded in 1906 as Yamatake Shokai, Yamatake has been meeting the needs of
society through automation with the aim of "freeing people from
drudgery." This philosophy has been carried on progressively over the
years; such as in "Savemation" (saving through automation) and in the
present Group philosophy of "human-centered automation."
The Group symbol,
azbil, representing the "human-centered automation" philosophy, was formulated
five years ago, and it has since been gaining recognition in Japan and
overseas. Yamatake has therefore decided to change its name from
"Yamatake" to "Azbil" on the occasion of its 105th
anniversary.
Along with the
name change to Azbil Corp., the names of Group companies in Japan will also
change; Yamatake Shokai will become Azbil Trading, and Kimmon Manufacturing
will become Azbil Kimmon. These changes are planned to take effect April 1,
2012.
Related Companies
· Kimmon Manufacturing Co Ltd [profile]
· Yamatake Corp [profile]
Related Topics
· Company Name Changes
· Marketing
· New Companies
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
Revenue |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
Total Revenue |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,628.0 |
1,461.1 |
1,488.0 |
1,387.6 |
1,280.9 |
|
Cost of Revenue, Total |
1,628.0 |
1,461.1 |
1,488.0 |
1,387.6 |
1,280.9 |
|
Gross Profit |
930.2 |
822.2 |
862.4 |
786.9 |
725.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
276.1 |
255.4 |
261.2 |
235.4 |
222.0 |
|
Labor & Related Expense |
375.8 |
340.6 |
327.8 |
286.0 |
274.0 |
|
Total Selling/General/Administrative Expenses |
651.9 |
596.0 |
589.0 |
521.5 |
496.0 |
|
Research & Development |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Amortization of Acquisition Costs |
- |
- |
- |
0.1 |
5.9 |
|
Depreciation/Amortization |
- |
- |
- |
0.1 |
5.9 |
|
Impairment-Assets Held for Use |
2.8 |
9.0 |
1.6 |
27.2 |
0.0 |
|
Impairment-Assets Held for Sale |
0.8 |
4.3 |
1.7 |
0.6 |
0.0 |
|
Other Unusual Expense (Income) |
11.3 |
1.5 |
3.9 |
4.5 |
2.1 |
|
Unusual Expense (Income) |
14.9 |
14.8 |
7.2 |
32.3 |
2.1 |
|
Total Operating Expense |
2,399.3 |
2,164.8 |
2,180.1 |
2,027.6 |
1,859.9 |
|
|
|
|
|
|
|
|
Operating Income |
158.9 |
118.5 |
170.2 |
146.9 |
145.9 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-1.8 |
-2.2 |
-2.5 |
-2.4 |
-1.8 |
|
Interest Expense, Net
Non-Operating |
-1.8 |
-2.2 |
-2.5 |
-2.4 |
-1.8 |
|
Interest
Income - Non-Operating |
1.2 |
1.3 |
2.5 |
2.1 |
1.0 |
|
Investment
Income - Non-Operating |
2.0 |
2.8 |
-3.1 |
2.8 |
4.2 |
|
Interest/Investment Income -
Non-Operating |
3.3 |
4.1 |
-0.6 |
4.9 |
5.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
1.4 |
1.9 |
-3.1 |
2.5 |
3.5 |
|
Gain (Loss) on Sale of Assets |
-0.7 |
-1.6 |
-0.2 |
22.3 |
1.5 |
|
Other Non-Operating Income
(Expense) |
0.6 |
0.9 |
-3.4 |
-0.8 |
1.8 |
|
Other, Net |
0.6 |
0.9 |
-3.4 |
-0.8 |
1.8 |
|
Income Before Tax |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
64.4 |
50.3 |
66.3 |
74.5 |
59.8 |
|
Income After Tax |
95.8 |
69.4 |
97.2 |
96.5 |
92.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.3 |
-2.2 |
-2.4 |
-2.7 |
-1.8 |
|
Net Income Before Extraord Items |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
Net Income |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Basic EPS Excl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Basic/Primary EPS Incl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
Diluted Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Diluted EPS Excl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Diluted EPS Incl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Dividends per Share - Common Stock Primary Issue |
0.74 |
0.67 |
0.62 |
0.52 |
0.43 |
|
Gross Dividends - Common Stock |
54.3 |
49.3 |
45.9 |
38.5 |
31.5 |
|
Interest Expense, Supplemental |
1.8 |
2.2 |
2.5 |
2.4 |
1.8 |
|
Depreciation, Supplemental |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Total Special Items |
31.1 |
32.4 |
20.0 |
15.6 |
6.5 |
|
Normalized Income Before Tax |
191.3 |
152.1 |
183.5 |
186.6 |
159.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
6.3 |
6.9 |
3.0 |
4.3 |
0.3 |
|
Inc Tax Ex Impact of Sp Items |
70.7 |
57.2 |
69.3 |
78.8 |
60.1 |
|
Normalized Income After Tax |
120.7 |
94.9 |
114.1 |
107.8 |
99.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
117.4 |
92.7 |
111.7 |
105.0 |
97.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Diluted Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Amort of Acquisition Costs, Supplemental |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Research & Development Exp, Supplemental |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Reported Operating Profit |
173.8 |
133.2 |
177.5 |
179.2 |
148.0 |
|
Reported Ordinary Profit |
173.8 |
136.1 |
170.9 |
178.5 |
152.7 |
|
Normalized EBIT |
173.8 |
133.3 |
177.5 |
179.2 |
148.1 |
|
Normalized EBITDA |
241.4 |
200.4 |
234.8 |
223.3 |
187.2 |
|
Interest Cost - Domestic |
9.6 |
8.9 |
8.1 |
7.1 |
7.4 |
|
Service Cost - Domestic |
21.0 |
19.6 |
18.2 |
6.3 |
11.2 |
|
Prior Service Cost - Domestic |
-2.6 |
-2.5 |
-2.3 |
-2.0 |
-1.9 |
|
Expected Return on Assets - Domestic |
-5.6 |
-5.5 |
-12.4 |
-7.2 |
-3.2 |
|
Actuarial Gains and Losses - Domestic |
11.4 |
12.4 |
9.2 |
4.4 |
5.9 |
|
Domestic Pension Plan Expense |
33.8 |
32.9 |
20.9 |
8.7 |
19.4 |
|
Defined Contribution Expense - Domestic |
9.7 |
8.7 |
8.2 |
6.7 |
6.5 |
|
Total Pension Expense |
43.5 |
41.5 |
29.1 |
15.4 |
25.8 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
|
Total Plan Interest Cost |
9.6 |
8.9 |
8.1 |
7.1 |
7.4 |
|
Total Plan Service Cost |
21.0 |
19.6 |
18.2 |
6.3 |
11.2 |
|
Total Plan Expected Return |
-5.6 |
-5.5 |
-12.4 |
-7.2 |
-3.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
586.0 |
482.3 |
383.4 |
325.0 |
203.9 |
|
Short Term Investments |
155.6 |
127.3 |
147.7 |
134.5 |
50.7 |
|
Cash and Short Term Investments |
741.6 |
609.6 |
531.1 |
459.5 |
254.6 |
|
Accounts
Receivable - Trade, Gross |
917.6 |
798.9 |
757.7 |
859.3 |
755.3 |
|
Provision
for Doubtful Accounts |
-4.3 |
-3.3 |
-3.0 |
-4.0 |
-3.0 |
|
Trade Accounts Receivable - Net |
913.3 |
795.6 |
754.7 |
855.3 |
752.3 |
|
Total Receivables, Net |
913.3 |
795.6 |
754.7 |
855.3 |
752.3 |
|
Inventories - Finished Goods |
44.6 |
34.9 |
37.7 |
45.9 |
- |
|
Inventories - Work In Progress |
57.3 |
88.3 |
117.0 |
125.9 |
- |
|
Inventories - Raw Materials |
64.5 |
52.6 |
60.3 |
63.6 |
- |
|
Total Inventory |
166.3 |
175.9 |
215.0 |
235.4 |
209.2 |
|
Deferred Income Tax - Current
Asset |
66.2 |
52.0 |
53.0 |
57.2 |
48.4 |
|
Other Current Assets |
96.0 |
81.9 |
75.8 |
96.3 |
88.1 |
|
Other Current Assets, Total |
162.2 |
133.9 |
128.7 |
153.5 |
136.5 |
|
Total Current Assets |
1,983.4 |
1,714.9 |
1,629.6 |
1,703.7 |
1,352.7 |
|
|
|
|
|
|
|
|
Buildings |
459.6 |
407.8 |
380.2 |
370.3 |
317.9 |
|
Land/Improvements |
76.4 |
68.9 |
65.6 |
65.0 |
55.5 |
|
Machinery/Equipment |
437.2 |
386.6 |
360.7 |
369.6 |
310.8 |
|
Construction
in Progress |
4.2 |
1.1 |
15.2 |
8.8 |
3.3 |
|
Leases |
4.1 |
2.8 |
1.8 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
981.6 |
867.2 |
823.5 |
813.8 |
687.4 |
|
Accumulated Depreciation |
-671.4 |
-573.5 |
-521.4 |
-519.0 |
-427.6 |
|
Property/Plant/Equipment - Net |
310.2 |
293.8 |
302.1 |
294.8 |
259.8 |
|
Goodwill, Net |
46.8 |
57.5 |
64.5 |
30.4 |
35.9 |
|
Intangibles, Net |
23.0 |
18.9 |
19.2 |
18.4 |
16.4 |
|
LT Investments - Other |
151.2 |
162.8 |
118.5 |
166.7 |
206.4 |
|
Long Term Investments |
151.2 |
162.8 |
118.5 |
166.7 |
206.4 |
|
Note Receivable - Long Term |
4.5 |
4.6 |
7.0 |
8.8 |
7.0 |
|
Deferred Income Tax - Long Term
Asset |
19.1 |
11.9 |
25.6 |
6.6 |
2.1 |
|
Other Long Term Assets |
85.9 |
73.7 |
69.4 |
69.6 |
73.4 |
|
Other Long Term Assets, Total |
105.1 |
85.5 |
95.0 |
76.2 |
75.5 |
|
Total Assets |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
409.6 |
374.4 |
364.3 |
423.3 |
357.4 |
|
Accrued Expenses |
97.9 |
84.6 |
84.7 |
90.7 |
74.9 |
|
Notes Payable/Short Term Debt |
48.9 |
133.7 |
123.7 |
144.0 |
102.2 |
|
Current Portion - Long Term Debt/Capital Leases |
20.5 |
21.5 |
26.1 |
1.1 |
18.7 |
|
Customer Advances |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Income Taxes Payable |
70.1 |
39.0 |
49.4 |
57.9 |
41.8 |
|
Other Current Liabilities |
121.9 |
103.5 |
111.1 |
129.3 |
112.8 |
|
Other Current liabilities, Total |
213.2 |
177.2 |
198.5 |
215.6 |
183.3 |
|
Total Current Liabilities |
790.1 |
791.4 |
797.2 |
874.7 |
736.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
74.3 |
8.0 |
22.7 |
45.5 |
55.7 |
|
Capital Lease Obligations |
1.5 |
1.8 |
2.7 |
0.0 |
- |
|
Total Long Term Debt |
75.8 |
9.8 |
25.3 |
45.5 |
55.7 |
|
Total Debt |
145.2 |
165.0 |
175.1 |
190.6 |
176.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
11.6 |
11.4 |
10.1 |
10.8 |
16.5 |
|
Deferred Income Tax |
11.6 |
11.4 |
10.1 |
10.8 |
16.5 |
|
Minority Interest |
21.2 |
17.2 |
14.5 |
13.6 |
9.2 |
|
Pension Benefits - Underfunded |
151.8 |
140.4 |
135.9 |
142.5 |
135.9 |
|
Other Long Term Liabilities |
9.9 |
1.5 |
2.0 |
2.8 |
1.4 |
|
Other Liabilities, Total |
161.7 |
141.9 |
137.9 |
145.3 |
137.3 |
|
Total Liabilities |
1,060.4 |
971.7 |
985.0 |
1,089.8 |
955.2 |
|
|
|
|
|
|
|
|
Common Stock |
127.0 |
112.6 |
106.5 |
105.7 |
89.1 |
|
Common Stock |
127.0 |
112.6 |
106.5 |
105.7 |
89.1 |
|
Additional Paid-In Capital |
207.5 |
184.1 |
174.1 |
127.1 |
107.1 |
|
Retained Earnings (Accumulated Deficit) |
1,250.9 |
1,074.1 |
999.2 |
941.3 |
737.0 |
|
Treasury Stock - Common |
-31.9 |
-28.3 |
-26.7 |
-6.7 |
-0.1 |
|
Unrealized Gain (Loss) |
25.6 |
33.7 |
8.8 |
38.8 |
63.3 |
|
Translation Adjustment |
-15.3 |
-9.9 |
-11.0 |
3.2 |
1.8 |
|
Other Equity, Total |
-15.3 |
-9.9 |
-11.0 |
3.2 |
1.8 |
|
Total Equity |
1,563.8 |
1,366.3 |
1,250.9 |
1,209.3 |
998.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
Total Common Shares Outstanding |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
Treasury Shares - Common Stock Primary Issue |
1.3 |
1.3 |
1.3 |
0.3 |
0.0 |
|
Employees |
8,215 |
8,220 |
8,377 |
8,315 |
8,192 |
|
Number of Common Shareholders |
8,817 |
7,997 |
8,443 |
5,417 |
6,239 |
|
Deferred Revenue - Current |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Total Long Term Debt, Supplemental |
114.2 |
45.9 |
47.6 |
66.5 |
74.4 |
|
Long Term Debt Maturing within 1 Year |
39.8 |
37.9 |
24.9 |
21.0 |
18.7 |
|
Long Term Debt Maturing in Year 2 |
17.7 |
2.4 |
19.1 |
23.9 |
17.5 |
|
Long Term Debt Maturing in Year 3 |
18.0 |
0.8 |
1.7 |
18.2 |
20.0 |
|
Long Term Debt Maturing in Year 4 |
20.9 |
0.5 |
0.4 |
1.0 |
15.3 |
|
Long Term Debt Maturing in Year 5 |
17.3 |
3.6 |
0.2 |
0.3 |
0.9 |
|
Long Term Debt Maturing in 2-3 Years |
35.7 |
3.2 |
20.8 |
42.1 |
37.5 |
|
Long Term Debt Maturing in 4-5 Years |
38.2 |
4.1 |
0.6 |
1.3 |
16.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.4 |
0.7 |
1.2 |
2.1 |
1.8 |
|
Total Capital Leases, Supplemental |
2.3 |
2.5 |
2.1 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.8 |
0.7 |
0.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.8 |
0.7 |
0.5 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.5 |
0.6 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.4 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.1 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.3 |
1.3 |
0.9 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.2 |
0.4 |
0.6 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.1 |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
516.9 |
456.9 |
440.2 |
433.7 |
393.5 |
|
Plan Assets - Domestic |
299.1 |
256.2 |
212.7 |
256.2 |
235.8 |
|
Funded Status - Domestic |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Total Funded Status |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
|
Prepaid Benefits - Domestic |
0.2 |
0.3 |
0.5 |
1.2 |
0.9 |
|
Accrued Liabilities - Domestic |
-149.1 |
-138.3 |
-134.1 |
-140.6 |
-134.4 |
|
Other Assets, Net - Domestic |
69.0 |
62.7 |
93.9 |
38.0 |
24.2 |
|
Net Assets Recognized on Balance Sheet |
-79.9 |
-75.3 |
-39.7 |
-101.4 |
-109.3 |
|
Total Plan Obligations |
516.9 |
456.9 |
440.2 |
433.7 |
393.5 |
|
Total Plan Assets |
299.1 |
256.2 |
212.7 |
256.2 |
235.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
Depreciation |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Depreciation/Depletion |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Amortization of Acquisition Costs |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Amortization |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Unusual Items |
13.8 |
14.9 |
3.4 |
2.8 |
-2.1 |
|
Other Non-Cash Items |
-7.6 |
-6.5 |
-9.6 |
-16.9 |
-9.9 |
|
Non-Cash Items |
6.2 |
8.4 |
-6.3 |
-14.1 |
-12.1 |
|
Accounts Receivable |
-18.8 |
2.9 |
106.5 |
32.6 |
-80.5 |
|
Inventories |
29.2 |
53.0 |
21.8 |
10.9 |
-26.7 |
|
Other Assets |
-3.3 |
2.4 |
4.7 |
0.7 |
-3.2 |
|
Accounts Payable |
-10.6 |
-11.6 |
-60.9 |
-0.6 |
19.2 |
|
Accrued Expenses |
2.5 |
-4.9 |
-6.6 |
1.6 |
5.6 |
|
Other Liabilities |
-14.4 |
-11.4 |
-1.0 |
-5.7 |
16.4 |
|
Other Operating Cash Flow |
-40.9 |
-56.5 |
-66.4 |
-55.9 |
-46.3 |
|
Changes in Working Capital |
-56.3 |
-26.2 |
-1.8 |
-16.4 |
-115.4 |
|
Cash from Operating Activities |
177.6 |
169.1 |
212.7 |
184.5 |
64.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-29.5 |
-31.2 |
-64.5 |
-39.4 |
-45.6 |
|
Purchase/Acquisition of
Intangibles |
-7.9 |
-3.2 |
-5.2 |
-4.4 |
-3.2 |
|
Capital Expenditures |
-37.4 |
-34.4 |
-69.6 |
-43.8 |
-48.8 |
|
Acquisition of Business |
0.0 |
-0.6 |
0.0 |
0.0 |
11.2 |
|
Sale of Fixed Assets |
2.0 |
0.4 |
7.4 |
28.4 |
17.1 |
|
Sale/Maturity of Investment |
208.8 |
295.5 |
120.0 |
46.4 |
30.6 |
|
Purchase of Investments |
-200.9 |
-240.9 |
-221.0 |
-34.9 |
-31.5 |
|
Other Investing Cash Flow |
1.0 |
1.0 |
-2.0 |
-1.4 |
0.2 |
|
Other Investing Cash Flow Items, Total |
10.9 |
55.5 |
-95.6 |
38.5 |
27.6 |
|
Cash from Investing Activities |
-26.5 |
21.1 |
-165.3 |
-5.3 |
-21.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.7 |
-0.6 |
-0.6 |
-0.1 |
-0.1 |
|
Financing Cash Flow Items |
-0.7 |
-0.6 |
-0.6 |
-0.1 |
-0.1 |
|
Cash Dividends Paid - Common |
-53.8 |
-49.3 |
-44.9 |
-35.4 |
-34.6 |
|
Total Cash Dividends Paid |
-53.8 |
-49.3 |
-44.9 |
-35.4 |
-34.6 |
|
Sale/Issuance
of Common |
0.0 |
0.0 |
0.2 |
0.0 |
- |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-19.8 |
-5.7 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
-19.6 |
-5.7 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
-19.6 |
-5.7 |
0.0 |
|
Short Term
Debt Issued |
13.5 |
7.7 |
15.4 |
15.6 |
20.8 |
|
Short Term
Debt Reduction |
-111.6 |
-4.5 |
-16.8 |
-12.7 |
-20.4 |
|
Short Term Debt, Net |
-98.1 |
3.2 |
-1.4 |
2.9 |
0.4 |
|
Long Term
Debt Issued |
82.3 |
5.5 |
2.0 |
0.9 |
0.0 |
|
Long Term
Debt Reduction |
-22.9 |
-31.5 |
-20.8 |
-18.9 |
-19.9 |
|
Long Term Debt, Net |
59.3 |
-26.0 |
-18.8 |
-18.0 |
-19.9 |
|
Issuance (Retirement) of Debt, Net |
-38.8 |
-22.8 |
-20.2 |
-15.1 |
-19.5 |
|
Cash from Financing Activities |
-93.4 |
-72.7 |
-85.3 |
-56.3 |
-54.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-5.4 |
0.7 |
-11.2 |
0.2 |
1.6 |
|
Net Change in Cash |
52.3 |
118.2 |
-49.1 |
123.1 |
-9.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
646.1 |
477.5 |
490.2 |
307.9 |
310.4 |
|
Net Cash - Ending Balance |
698.4 |
595.7 |
441.1 |
430.9 |
300.9 |
|
Cash Interest Paid |
1.9 |
2.4 |
2.5 |
2.4 |
1.8 |
|
Cash Taxes Paid |
45.1 |
58.7 |
69.5 |
58.4 |
47.9 |
Annual Income Statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
Total Revenue |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,628.0 |
1,461.1 |
1,488.0 |
1,387.6 |
1,280.9 |
|
Payroll |
300.2 |
273.3 |
267.5 |
234.8 |
220.5 |
|
Allowance for bonus |
49.7 |
43.0 |
43.5 |
41.8 |
41.0 |
|
Provision for directors' bonuses |
1.2 |
0.9 |
0.7 |
0.7 |
0.8 |
|
Periodic pension cost |
24.2 |
23.0 |
15.8 |
8.5 |
11.4 |
|
Res.Dir.'s retire.bene. |
0.5 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Provision for doubtful accounts |
1.1 |
0.8 |
0.3 |
- |
- |
|
Research & Development cost |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Amort. of consol differences(SGA) |
- |
- |
- |
0.1 |
5.9 |
|
Other SGA |
275.0 |
254.6 |
260.9 |
235.4 |
222.0 |
|
Reverse-Doubt.Accts |
-0.2 |
0.0 |
- |
0.0 |
-1.4 |
|
SP Loss on Retire. Change |
- |
0.0 |
1.7 |
0.0 |
- |
|
SP Spec. add. amount for retire. |
- |
0.0 |
1.5 |
0.0 |
- |
|
SP Factory transfer |
- |
- |
0.0 |
1.5 |
3.6 |
|
SP HQ relocation cost |
- |
- |
- |
- |
0.0 |
|
SP Impairment loss |
2.8 |
9.0 |
1.6 |
27.2 |
0.0 |
|
SP Environmental expenses |
6.7 |
0.0 |
- |
- |
- |
|
Loss on adjustment for changes of
accoun |
3.1 |
0.0 |
- |
- |
- |
|
SP Loss on disaster |
1.8 |
0.0 |
- |
- |
- |
|
SP Deval. Inv.Secs |
0.8 |
4.3 |
1.7 |
0.6 |
0.0 |
|
Allw-Doubt.Acct |
0.0 |
1.5 |
0.7 |
1.7 |
0.0 |
|
SP Reserve for product warranty |
- |
- |
0.0 |
1.2 |
- |
|
SP Loss on cohesion stock decrease |
- |
- |
0.0 |
0.2 |
0.0 |
|
SP Other Extraord. Exp. |
- |
- |
- |
- |
0.0 |
|
Total Operating Expense |
2,399.3 |
2,164.8 |
2,180.1 |
2,027.6 |
1,859.9 |
|
|
|
|
|
|
|
|
NOP Interest Income |
1.2 |
1.3 |
2.5 |
2.1 |
1.0 |
|
NOP Dividend Income |
5.5 |
3.2 |
3.2 |
2.9 |
2.5 |
|
NOP Foreign Exchange |
- |
- |
- |
0.0 |
1.1 |
|
NOP Real Estate Rent Income |
0.6 |
0.8 |
1.2 |
1.0 |
1.2 |
|
NOP Subsidy income |
1.5 |
4.2 |
0.0 |
- |
- |
|
NOP Other Income |
2.7 |
1.8 |
2.7 |
2.1 |
3.6 |
|
NOP Interest Expenses |
-1.8 |
-2.2 |
-2.5 |
-2.4 |
-1.8 |
|
Exchange Loss |
-5.5 |
-0.4 |
-6.4 |
-2.4 |
0.0 |
|
NOP Commission paid |
-0.9 |
-0.5 |
-0.5 |
-0.4 |
-0.4 |
|
NOP Real Estate Rent Expense |
-1.0 |
-1.8 |
-1.1 |
-0.7 |
-0.8 |
|
Office Relocation |
-0.5 |
-2.2 |
-4.2 |
0.0 |
- |
|
NOP Other Expenses |
-1.8 |
-1.4 |
-1.5 |
-2.8 |
-1.8 |
|
SP Gain Sale Fix Asset |
0.4 |
0.0 |
2.2 |
24.8 |
3.3 |
|
SP Gain Sale Inv. Secs |
2.3 |
0.0 |
0.0 |
2.4 |
0.6 |
|
SP G on sale of affiliated
securities |
- |
0.0 |
0.1 |
0.0 |
- |
|
SP L. Sale/Ret F. Asset |
-1.1 |
-1.6 |
-2.5 |
-2.4 |
-1.8 |
|
SP Loss Sale Investment |
-0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Taxes |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
64.4 |
50.3 |
66.3 |
74.5 |
59.8 |
|
Net Income After Taxes |
95.8 |
69.4 |
97.2 |
96.5 |
92.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.3 |
-2.2 |
-2.4 |
-2.7 |
-1.8 |
|
Net Income Before Extra. Items |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
Net Income |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
|
|
|
|
|
|
|
Adjustment |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Director's Bonus |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Basic EPS Including ExtraOrdinary Item |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
Diluted Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Diluted EPS Excluding ExtraOrd Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Diluted EPS Including ExtraOrd Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
DPS-Common Stock |
0.74 |
0.67 |
0.62 |
0.52 |
0.43 |
|
Gross Dividends - Common Stock |
54.3 |
49.3 |
45.9 |
38.5 |
31.5 |
|
Normalized Income Before Taxes |
191.3 |
152.1 |
183.5 |
186.6 |
159.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
70.7 |
57.2 |
69.3 |
78.8 |
60.1 |
|
Normalized Income After Taxes |
120.7 |
94.9 |
114.1 |
107.8 |
99.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
117.4 |
92.7 |
111.7 |
105.0 |
97.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Diluted Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Interest Expense |
1.8 |
2.2 |
2.5 |
2.4 |
1.8 |
|
Amort of Goodwill |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Research & Development expense |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Depreciation |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Reported Operating Profit |
173.8 |
133.2 |
177.5 |
179.2 |
148.0 |
|
Reported Ordinary Profit |
173.8 |
136.1 |
170.9 |
178.5 |
152.7 |
|
Service Cost |
21.0 |
19.6 |
18.2 |
6.3 |
11.2 |
|
Interest Cost |
9.6 |
8.9 |
8.1 |
7.1 |
7.4 |
|
Expected return on plan assets |
-5.6 |
-5.5 |
-12.4 |
-7.2 |
-3.2 |
|
Actuarial G&L |
11.4 |
12.4 |
9.2 |
4.4 |
5.9 |
|
Prior service cost |
-2.6 |
-2.5 |
-2.3 |
-2.0 |
-1.9 |
|
Domestic Pension Plan Expense |
33.8 |
32.9 |
20.9 |
8.7 |
19.4 |
|
Defined Contribution Expense |
9.7 |
8.7 |
8.2 |
6.7 |
6.5 |
|
Total Pension Expense |
43.5 |
41.5 |
29.1 |
15.4 |
25.8 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash&Deposit |
586.0 |
482.3 |
383.4 |
325.0 |
203.9 |
|
Note &Acct. Rcvb |
917.6 |
798.9 |
757.7 |
859.3 |
755.3 |
|
leasing rece.&lease invest.
asset |
- |
- |
1.7 |
0.0 |
- |
|
Marketable Secs |
155.6 |
127.3 |
147.7 |
134.5 |
50.7 |
|
Inventnories |
- |
- |
- |
- |
209.2 |
|
Inventories - merch. & fini.
Goods |
44.6 |
34.9 |
37.7 |
45.9 |
- |
|
Inventories - work-in-process |
57.3 |
88.3 |
117.0 |
125.9 |
- |
|
Inventories - raw materials |
64.5 |
52.6 |
60.3 |
63.6 |
- |
|
Deferred Taxes |
66.2 |
52.0 |
53.0 |
57.2 |
48.4 |
|
Other |
96.0 |
81.9 |
74.1 |
96.3 |
88.1 |
|
Allw-Doubt.Acct |
-4.3 |
-3.3 |
-3.0 |
-4.0 |
-3.0 |
|
Total Current Assets |
1,983.4 |
1,714.9 |
1,629.6 |
1,703.7 |
1,352.7 |
|
|
|
|
|
|
|
|
Building&Structure |
459.6 |
407.8 |
380.2 |
370.3 |
317.9 |
|
Building&Structure
depreciation |
-285.6 |
-242.7 |
-216.1 |
-216.1 |
- |
|
Machinery/Equip. |
207.5 |
182.7 |
166.7 |
173.8 |
146.4 |
|
Machinery/Equip. depreciation |
-176.5 |
-150.0 |
-136.4 |
-135.6 |
- |
|
Fixtures |
229.8 |
203.8 |
194.0 |
195.8 |
164.4 |
|
Fixtures depreciation |
-207.4 |
-179.9 |
-168.7 |
-167.2 |
- |
|
Land |
76.4 |
68.9 |
65.6 |
65.0 |
55.5 |
|
Lease assets, gross |
4.1 |
2.8 |
1.8 |
0.0 |
- |
|
Accum. depr - lease assets |
-1.9 |
-0.8 |
-0.3 |
0.0 |
- |
|
Construction |
4.2 |
1.1 |
15.2 |
8.8 |
3.3 |
|
Depreciation |
- |
- |
- |
- |
-427.6 |
|
Facility Usage |
1.7 |
1.6 |
1.5 |
2.0 |
1.7 |
|
Software |
10.4 |
9.2 |
9.6 |
10.1 |
11.6 |
|
Goodwill |
46.8 |
57.5 |
64.5 |
30.4 |
35.9 |
|
Lease |
- |
- |
0.0 |
0.0 |
- |
|
Other Intangible |
10.8 |
8.1 |
8.0 |
6.3 |
3.2 |
|
Investment Secs. |
151.2 |
162.8 |
118.5 |
166.7 |
206.4 |
|
Long Term Loan |
2.9 |
3.3 |
5.9 |
7.4 |
5.7 |
|
Bankrupt Claim |
1.6 |
1.4 |
1.1 |
1.4 |
1.2 |
|
Deferred Taxes |
19.1 |
11.9 |
25.6 |
6.6 |
2.1 |
|
Other Assets |
91.9 |
79.3 |
76.2 |
75.3 |
77.5 |
|
Allw-Doubt.Acct |
-5.9 |
-5.6 |
-6.8 |
-5.6 |
-4.1 |
|
Adjustment |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
Note&Acct.Pay. |
409.6 |
374.4 |
364.3 |
423.3 |
357.4 |
|
Short Term Debt |
48.9 |
133.7 |
123.7 |
144.0 |
102.2 |
|
LT borrowings (current) |
18.9 |
20.3 |
22.9 |
- |
16.5 |
|
Straight bonds (current) |
0.7 |
0.5 |
2.0 |
1.1 |
2.2 |
|
Lease Obligation |
0.8 |
0.7 |
1.2 |
0.0 |
- |
|
Income Tax Pay |
70.1 |
39.0 |
49.4 |
57.9 |
41.8 |
|
Advance Received |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Allowance Bonus |
96.7 |
83.7 |
84.0 |
89.9 |
74.1 |
|
Reserve for directors' bonuses |
1.2 |
0.9 |
0.7 |
0.8 |
0.7 |
|
Res.Product Warranty |
6.8 |
6.3 |
4.3 |
4.0 |
3.4 |
|
Reserve for order loss |
4.9 |
3.4 |
3.7 |
1.6 |
2.0 |
|
Other |
110.1 |
93.8 |
103.0 |
123.7 |
107.4 |
|
Total Current Liabilities |
790.1 |
791.4 |
797.2 |
874.7 |
736.5 |
|
|
|
|
|
|
|
|
Straight bonds |
0.0 |
0.6 |
1.1 |
3.1 |
3.6 |
|
Long Term Debt |
74.3 |
7.4 |
21.6 |
42.4 |
52.1 |
|
Lease Obligation |
1.5 |
1.8 |
2.7 |
0.0 |
- |
|
Total Long Term Debt |
75.8 |
9.8 |
25.3 |
45.5 |
55.7 |
|
|
|
|
|
|
|
|
Dfrd. tax liab. |
8.7 |
8.9 |
7.6 |
8.4 |
14.5 |
|
Reval. dfrd.tax laib. |
2.9 |
2.6 |
2.4 |
2.4 |
2.0 |
|
Accrued Sev. Ind |
149.1 |
138.3 |
134.1 |
140.6 |
134.4 |
|
Allw-Dir.'s Ret |
2.7 |
2.1 |
1.9 |
1.9 |
1.5 |
|
Consol. Adjust |
- |
- |
- |
- |
0.0 |
|
Other |
9.9 |
1.5 |
2.0 |
2.8 |
1.4 |
|
Minority Int. |
21.2 |
17.2 |
14.5 |
13.6 |
9.2 |
|
Total Liabilities |
1,060.4 |
971.7 |
985.0 |
1,089.8 |
955.2 |
|
|
|
|
|
|
|
|
Common Stock |
127.0 |
112.6 |
106.5 |
105.7 |
89.1 |
|
Add. Paid-in Cap |
207.5 |
184.0 |
174.1 |
127.1 |
107.1 |
|
Retained Earning |
1,250.9 |
1,074.1 |
999.2 |
941.3 |
737.0 |
|
Treasury Stock |
-31.9 |
-28.3 |
-26.7 |
-6.7 |
-0.1 |
|
Unreal Gain Secs |
25.6 |
33.7 |
8.8 |
38.8 |
63.3 |
|
Deferred hedge gain/loss |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Currency Trans. |
-15.3 |
-9.9 |
-11.0 |
3.2 |
1.8 |
|
Subscription rights to shares |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Equity |
1,563.8 |
1,366.3 |
1,250.9 |
1,209.3 |
998.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
Total Common Shares Outstanding |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
T/S-Common Stock |
1.3 |
1.3 |
1.3 |
0.3 |
0.0 |
|
Deferred Revenue - Current |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Full-Time Employees |
8,215 |
8,220 |
8,377 |
8,315 |
8,192 |
|
Number of Common Shareholders |
8,817 |
7,997 |
8,443 |
5,417 |
6,239 |
|
Long Term Debt Maturing within 1 Yr |
39.8 |
37.9 |
24.9 |
21.0 |
18.7 |
|
Long Term Debt Maturing within 2 Yr |
17.7 |
2.4 |
19.1 |
23.9 |
17.5 |
|
Long Term Debt Maturing within 3 Yr |
18.0 |
0.8 |
1.7 |
18.2 |
20.0 |
|
Long Term Debt Maturing within 4 Yr |
20.9 |
0.5 |
0.4 |
1.0 |
15.3 |
|
Long Term Debt Maturing within 5 Yr |
17.3 |
3.6 |
0.2 |
0.3 |
0.9 |
|
Long Term Debt Remaining Marutity |
0.4 |
0.7 |
1.2 |
2.1 |
1.8 |
|
Total Long Term Debt, Supplemental |
114.2 |
45.9 |
47.6 |
66.5 |
74.4 |
|
Capital Lease Payments Due within 1 Year |
0.8 |
0.7 |
0.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.8 |
0.7 |
0.5 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.5 |
0.6 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.4 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.1 |
0.2 |
- |
- |
|
Captial Lease-Remaining Maturities |
0.0 |
0.1 |
0.0 |
- |
- |
|
Total Capital Leases |
2.3 |
2.5 |
2.1 |
- |
- |
|
Pension Obligation |
516.9 |
456.9 |
440.2 |
433.7 |
393.5 |
|
Fair value of plan assets |
299.1 |
256.2 |
212.7 |
256.2 |
235.8 |
|
Funded Status |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Total Funded Status |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
|
Unrecog.actuarial G&L |
95.0 |
88.1 |
120.8 |
66.9 |
48.3 |
|
Unrecog.Prior service Cost |
-26.0 |
-25.4 |
-26.9 |
-28.8 |
-24.1 |
|
Prepaid pension Benefits |
0.2 |
0.3 |
0.5 |
1.2 |
0.9 |
|
Reserve for Accrued Retirement Benefits |
-149.1 |
-138.3 |
-134.1 |
-140.6 |
-134.4 |
|
Net Assets Recognized on Balance Sheet |
-79.9 |
-75.3 |
-39.7 |
-101.4 |
-109.3 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Income Before Tax |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
Depreciation |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Goodwill |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Allowance Doubtful Accounts |
0.1 |
-1.4 |
1.0 |
1.8 |
-1.7 |
|
Rrsrv-Accr.Retire |
-6.6 |
-3.5 |
-7.5 |
-16.4 |
-5.6 |
|
Retire Bens. Dirs. |
- |
- |
- |
- |
-0.2 |
|
Allowance Bonus |
2.3 |
-5.1 |
-6.5 |
1.7 |
4.8 |
|
Reserve for directors' bonuses |
0.2 |
0.2 |
-0.1 |
-0.1 |
0.8 |
|
Int.&Divid. Income |
-6.7 |
-4.5 |
-5.7 |
-4.9 |
-3.5 |
|
Interest Expenses |
1.8 |
2.2 |
2.5 |
2.4 |
1.8 |
|
Foreign Exchange |
3.8 |
0.7 |
0.0 |
0.3 |
-0.3 |
|
Gain Sale Fix. Asset |
- |
- |
0.0 |
-24.8 |
-3.3 |
|
L.Sale/Ret. F. Asset |
0.7 |
1.6 |
0.2 |
2.2 |
1.8 |
|
Gain Sale Invest. |
- |
- |
0.0 |
-2.4 |
-0.6 |
|
Loss/Sale Investment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Deval. Investment |
- |
- |
0.0 |
0.6 |
0.0 |
|
G/L on Sale/Val. Invest. |
-1.2 |
4.3 |
1.6 |
0.0 |
- |
|
L. Val. Golf Memb. |
- |
- |
- |
- |
0.0 |
|
Impairment loss |
2.8 |
9.0 |
1.6 |
27.2 |
0.0 |
|
Environmental expenses |
6.7 |
0.0 |
- |
- |
- |
|
Loss on adjustment for changes of
accoun |
3.1 |
0.0 |
- |
- |
- |
|
Loss on disaster |
1.8 |
0.0 |
- |
- |
- |
|
Directors Bonuses |
- |
- |
- |
0.0 |
-0.4 |
|
Accounts Receivable |
-18.8 |
2.9 |
106.5 |
32.6 |
-80.5 |
|
Inventories |
29.2 |
53.0 |
21.8 |
10.9 |
-26.7 |
|
Accounts Payable |
-10.6 |
-11.6 |
-60.9 |
-0.6 |
19.2 |
|
Other Assets |
-3.3 |
2.4 |
4.7 |
0.7 |
-3.2 |
|
Other Liabilities |
-14.4 |
-11.4 |
-1.0 |
-5.7 |
16.4 |
|
Int.&Divid Rcvd. |
6.7 |
4.7 |
5.6 |
5.0 |
3.4 |
|
Interest Paid |
-1.9 |
-2.4 |
-2.5 |
-2.4 |
-1.8 |
|
Income Tax Returned |
- |
- |
- |
- |
0.2 |
|
Payments for loss on disaster |
-0.6 |
0.0 |
- |
- |
- |
|
Income Tax Paid |
-45.1 |
-58.7 |
-69.5 |
-58.4 |
-48.1 |
|
Cash from Operating Activities |
177.6 |
169.1 |
212.7 |
184.5 |
64.3 |
|
|
|
|
|
|
|
|
Purch. Time Deposits |
-34.9 |
-14.1 |
-20.1 |
-8.7 |
-1.8 |
|
Sale Time Deposits |
33.1 |
12.9 |
17.7 |
2.8 |
0.2 |
|
Purch. Mrket Secs |
0.0 |
-89.8 |
-149.8 |
-25.7 |
0.0 |
|
Sale mkbl.secs. |
0.0 |
160.9 |
93.1 |
26.8 |
0.0 |
|
Purchase of trust rights |
-164.3 |
-127.9 |
-47.8 |
0.0 |
-27.3 |
|
Sale of trust rights |
161.0 |
121.7 |
8.2 |
0.0 |
27.7 |
|
Capital Expenditure |
-29.5 |
-31.2 |
-64.5 |
-39.4 |
-45.6 |
|
Sale Fixed Assets |
2.0 |
0.4 |
7.4 |
28.4 |
17.1 |
|
Purchase of intangible assets |
-7.9 |
-3.2 |
-5.2 |
-4.4 |
-3.2 |
|
Purch. Investment sec. |
-1.0 |
-0.3 |
-2.3 |
-0.4 |
-2.3 |
|
Sale Investment sec. |
14.7 |
0.1 |
0.9 |
3.2 |
1.9 |
|
Purchase Subsidiary Stock |
0.0 |
-8.0 |
0.0 |
- |
- |
|
Redemption Investment Securities |
- |
- |
0.0 |
13.6 |
0.9 |
|
Inv't Subsidiaries made |
-0.7 |
0.0 |
-0.9 |
0.0 |
- |
|
Purchase of affiliated securities |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Payments for transfer of business |
0.0 |
-0.6 |
0.0 |
- |
- |
|
Purch Binding Deposit |
- |
- |
- |
0.0 |
-2.0 |
|
Binding Deposit Proceeds |
- |
- |
- |
0.0 |
1.7 |
|
Purchase of consol.change
subsid.secs. |
- |
- |
- |
0.0 |
11.2 |
|
Other |
1.0 |
1.0 |
-2.0 |
-1.4 |
0.4 |
|
Cash from Investing Activities |
-26.5 |
21.1 |
-165.3 |
-5.3 |
-21.2 |
|
|
|
|
|
|
|
|
ST Debt Proceed |
13.5 |
7.7 |
15.4 |
15.6 |
20.8 |
|
ST Debt Reapy |
-111.6 |
-4.5 |
-16.8 |
-12.7 |
-20.4 |
|
LT Debt Proceeds |
82.3 |
5.5 |
2.0 |
0.9 |
0.0 |
|
LT Debt Payment |
-21.5 |
-28.6 |
-19.3 |
-16.6 |
-19.5 |
|
Bond redemption |
-0.6 |
-2.2 |
-1.1 |
-2.3 |
-0.5 |
|
Dividend Paid |
-53.8 |
-49.3 |
-44.9 |
-35.4 |
-34.6 |
|
Repayment of finance lease |
-0.9 |
-0.8 |
-0.4 |
0.0 |
- |
|
Divid .Minority |
-0.7 |
-0.6 |
-0.6 |
-0.1 |
-0.1 |
|
Purchase Treasury |
0.0 |
0.0 |
-19.8 |
-5.7 |
0.0 |
|
Sale Treasury |
0.0 |
0.0 |
0.2 |
0.0 |
- |
|
Cash from Financing Activities |
-93.4 |
-72.7 |
-85.3 |
-56.3 |
-54.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-5.4 |
0.7 |
-11.2 |
0.2 |
1.6 |
|
Net Change in Cash |
52.3 |
118.2 |
-49.1 |
123.1 |
-9.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
646.1 |
477.5 |
490.2 |
307.9 |
310.4 |
|
Net Cash - Ending Balance |
698.4 |
595.7 |
441.1 |
430.9 |
300.9 |
|
Cash Interest Paid |
1.9 |
2.4 |
2.5 |
2.4 |
1.8 |
|
Cash Taxes Paid |
45.1 |
58.7 |
69.5 |
58.4 |
47.9 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Income Statement
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
Revenue |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
Total Revenue |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,628.0 |
1,461.1 |
1,488.0 |
1,387.6 |
1,280.9 |
|
Cost of Revenue, Total |
1,628.0 |
1,461.1 |
1,488.0 |
1,387.6 |
1,280.9 |
|
Gross Profit |
930.2 |
822.2 |
862.4 |
786.9 |
725.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
276.1 |
255.4 |
261.2 |
235.4 |
222.0 |
|
Labor & Related Expense |
375.8 |
340.6 |
327.8 |
286.0 |
274.0 |
|
Total Selling/General/Administrative Expenses |
651.9 |
596.0 |
589.0 |
521.5 |
496.0 |
|
Research & Development |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Amortization of Acquisition Costs |
- |
- |
- |
0.1 |
5.9 |
|
Depreciation/Amortization |
- |
- |
- |
0.1 |
5.9 |
|
Impairment-Assets Held for Use |
2.8 |
9.0 |
1.6 |
27.2 |
0.0 |
|
Impairment-Assets Held for Sale |
0.8 |
4.3 |
1.7 |
0.6 |
0.0 |
|
Other Unusual Expense (Income) |
11.3 |
1.5 |
3.9 |
4.5 |
2.1 |
|
Unusual Expense (Income) |
14.9 |
14.8 |
7.2 |
32.3 |
2.1 |
|
Total Operating Expense |
2,399.3 |
2,164.8 |
2,180.1 |
2,027.6 |
1,859.9 |
|
|
|
|
|
|
|
|
Operating Income |
158.9 |
118.5 |
170.2 |
146.9 |
145.9 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-1.8 |
-2.2 |
-2.5 |
-2.4 |
-1.8 |
|
Interest Expense, Net
Non-Operating |
-1.8 |
-2.2 |
-2.5 |
-2.4 |
-1.8 |
|
Interest
Income - Non-Operating |
1.2 |
1.3 |
2.5 |
2.1 |
1.0 |
|
Investment
Income - Non-Operating |
2.0 |
2.8 |
-3.1 |
2.8 |
4.2 |
|
Interest/Investment Income -
Non-Operating |
3.3 |
4.1 |
-0.6 |
4.9 |
5.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
1.4 |
1.9 |
-3.1 |
2.5 |
3.5 |
|
Gain (Loss) on Sale of Assets |
-0.7 |
-1.6 |
-0.2 |
22.3 |
1.5 |
|
Other Non-Operating Income
(Expense) |
0.6 |
0.9 |
-3.4 |
-0.8 |
1.8 |
|
Other, Net |
0.6 |
0.9 |
-3.4 |
-0.8 |
1.8 |
|
Income Before Tax |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
64.4 |
50.3 |
66.3 |
74.5 |
59.8 |
|
Income After Tax |
95.8 |
69.4 |
97.2 |
96.5 |
92.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.3 |
-2.2 |
-2.4 |
-2.7 |
-1.8 |
|
Net Income Before Extraord Items |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
Net Income |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Basic EPS Excl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Basic/Primary EPS Incl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
Diluted Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Diluted EPS Excl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Diluted EPS Incl Extraord Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Dividends per Share - Common Stock Primary Issue |
0.74 |
0.67 |
0.62 |
0.52 |
0.43 |
|
Gross Dividends - Common Stock |
54.3 |
49.3 |
45.9 |
38.5 |
31.5 |
|
Interest Expense, Supplemental |
1.8 |
2.2 |
2.5 |
2.4 |
1.8 |
|
Depreciation, Supplemental |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Total Special Items |
31.1 |
32.4 |
20.0 |
15.6 |
6.5 |
|
Normalized Income Before Tax |
191.3 |
152.1 |
183.5 |
186.6 |
159.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
6.3 |
6.9 |
3.0 |
4.3 |
0.3 |
|
Inc Tax Ex Impact of Sp Items |
70.7 |
57.2 |
69.3 |
78.8 |
60.1 |
|
Normalized Income After Tax |
120.7 |
94.9 |
114.1 |
107.8 |
99.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
117.4 |
92.7 |
111.7 |
105.0 |
97.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Diluted Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Amort of Acquisition Costs, Supplemental |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Research & Development Exp, Supplemental |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Reported Operating Profit |
173.8 |
133.2 |
177.5 |
179.2 |
148.0 |
|
Reported Ordinary Profit |
173.8 |
136.1 |
170.9 |
178.5 |
152.7 |
|
Normalized EBIT |
173.8 |
133.3 |
177.5 |
179.2 |
148.1 |
|
Normalized EBITDA |
241.4 |
200.4 |
234.8 |
223.3 |
187.2 |
|
Interest Cost - Domestic |
9.6 |
8.9 |
8.1 |
7.1 |
7.4 |
|
Service Cost - Domestic |
21.0 |
19.6 |
18.2 |
6.3 |
11.2 |
|
Prior Service Cost - Domestic |
-2.6 |
-2.5 |
-2.3 |
-2.0 |
-1.9 |
|
Expected Return on Assets - Domestic |
-5.6 |
-5.5 |
-12.4 |
-7.2 |
-3.2 |
|
Actuarial Gains and Losses - Domestic |
11.4 |
12.4 |
9.2 |
4.4 |
5.9 |
|
Domestic Pension Plan Expense |
33.8 |
32.9 |
20.9 |
8.7 |
19.4 |
|
Defined Contribution Expense - Domestic |
9.7 |
8.7 |
8.2 |
6.7 |
6.5 |
|
Total Pension Expense |
43.5 |
41.5 |
29.1 |
15.4 |
25.8 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
|
Total Plan Interest Cost |
9.6 |
8.9 |
8.1 |
7.1 |
7.4 |
|
Total Plan Service Cost |
21.0 |
19.6 |
18.2 |
6.3 |
11.2 |
|
Total Plan Expected Return |
-5.6 |
-5.5 |
-12.4 |
-7.2 |
-3.2 |
Interim Income Statement
Standardized
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
90.324863 |
|
|
|
|
|
|
|
|
Net Sales |
821.5 |
633.8 |
634.6 |
487.1 |
1,314.6 |
|
Revenue |
821.5 |
633.8 |
634.6 |
487.1 |
1,314.6 |
|
Total Revenue |
821.5 |
633.8 |
634.6 |
487.1 |
1,314.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
511.9 |
405.7 |
401.8 |
319.4 |
830.2 |
|
Cost of Revenue, Total |
511.9 |
405.7 |
401.8 |
319.4 |
830.2 |
|
Gross Profit |
309.6 |
228.1 |
232.8 |
167.6 |
484.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
63.3 |
71.1 |
70.3 |
61.5 |
215.2 |
|
Labor & Related Expense |
110.7 |
100.9 |
90.4 |
85.8 |
104.7 |
|
Total Selling/General/Administrative Expenses |
174.0 |
172.0 |
160.7 |
147.3 |
319.9 |
|
Research & Development |
29.6 |
26.4 |
27.2 |
21.8 |
43.9 |
|
Impairment-Assets Held for Use |
0.1 |
0.1 |
2.4 |
0.3 |
9.0 |
|
Impairment-Assets Held for Sale |
0.1 |
0.1 |
0.4 |
0.2 |
- |
|
Other Unusual Expense (Income) |
2.0 |
0.7 |
0.5 |
7.6 |
-0.8 |
|
Unusual Expense (Income) |
2.2 |
0.9 |
3.3 |
8.1 |
8.2 |
|
Total Operating Expense |
717.7 |
605.0 |
593.0 |
496.6 |
1,202.1 |
|
|
|
|
|
|
|
|
Operating Income |
103.9 |
28.8 |
41.6 |
-9.5 |
112.5 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-0.4 |
-0.5 |
-0.5 |
-0.5 |
-1.1 |
|
Interest Expense, Net
Non-Operating |
-0.4 |
-0.5 |
-0.5 |
-0.5 |
-1.1 |
|
Interest
Income - Non-Operating |
0.3 |
0.4 |
0.3 |
0.3 |
0.7 |
|
Investment
Income - Non-Operating |
1.2 |
-0.4 |
0.5 |
0.7 |
2.7 |
|
Interest/Investment Income -
Non-Operating |
1.5 |
0.0 |
0.8 |
1.0 |
3.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
1.1 |
-0.5 |
0.3 |
0.5 |
2.4 |
|
Gain (Loss) on Sale of Assets |
-0.3 |
-0.4 |
-0.3 |
0.2 |
-1.2 |
|
Other Non-Operating Income
(Expense) |
0.7 |
0.2 |
-1.0 |
0.8 |
1.3 |
|
Other, Net |
0.7 |
0.2 |
-1.0 |
0.8 |
1.3 |
|
Income Before Tax |
105.3 |
28.2 |
40.5 |
-8.0 |
115.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
38.0 |
12.8 |
18.1 |
-2.3 |
42.1 |
|
Income After Tax |
67.3 |
15.4 |
22.4 |
-5.6 |
72.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.4 |
-0.7 |
-0.7 |
-0.5 |
-1.5 |
|
Net Income Before Extraord Items |
65.9 |
14.7 |
21.7 |
-6.2 |
71.4 |
|
Net Income |
65.9 |
14.7 |
21.7 |
-6.2 |
71.4 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
66.0 |
14.7 |
21.6 |
-6.2 |
71.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
66.0 |
14.7 |
21.6 |
-6.2 |
71.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
Basic EPS Excl Extraord Items |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
Basic/Primary EPS Incl Extraord Items |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
66.0 |
14.7 |
21.6 |
-6.2 |
71.4 |
|
Diluted Weighted Average Shares |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
Diluted EPS Excl Extraord Items |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
Diluted EPS Incl Extraord Items |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
Dividends per Share - Common Stock Primary Issue |
0.38 |
0.00 |
0.37 |
0.00 |
0.34 |
|
Gross Dividends - Common Stock |
28.3 |
0.0 |
27.1 |
0.0 |
25.4 |
|
Interest Expense, Supplemental |
0.4 |
0.5 |
0.5 |
0.5 |
1.1 |
|
Depreciation, Supplemental |
14.4 |
13.8 |
12.7 |
11.3 |
27.7 |
|
Total Special Items |
6.5 |
5.2 |
7.5 |
11.5 |
17.7 |
|
Normalized Income Before Tax |
111.9 |
33.4 |
48.0 |
3.5 |
132.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.9 |
0.5 |
1.6 |
2.8 |
3.4 |
|
Inc Tax Ex Impact of Sp Items |
38.9 |
13.3 |
19.7 |
0.4 |
45.5 |
|
Normalized Income After Tax |
72.9 |
20.1 |
28.3 |
3.1 |
87.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
71.7 |
19.3 |
27.5 |
2.5 |
85.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.97 |
0.26 |
0.37 |
0.03 |
1.16 |
|
Diluted Normalized EPS |
0.97 |
0.26 |
0.37 |
0.03 |
1.16 |
|
Amort of Acquisition Costs, Supplemental |
4.1 |
4.0 |
3.9 |
3.6 |
8.3 |
|
Research & Development Exp, Supplemental |
29.6 |
26.4 |
27.2 |
21.8 |
43.9 |
|
Reported Operating Profit |
106.1 |
29.7 |
44.9 |
-1.4 |
120.6 |
|
Reported Ordinary Profit |
107.8 |
29.4 |
43.9 |
-1.8 |
124.3 |
|
Normalized EBIT |
106.0 |
29.7 |
44.9 |
-1.4 |
120.7 |
|
Normalized EBITDA |
124.5 |
47.5 |
61.5 |
13.5 |
156.7 |
Annual Balance Sheet
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
586.0 |
482.3 |
383.4 |
325.0 |
203.9 |
|
Short Term Investments |
155.6 |
127.3 |
147.7 |
134.5 |
50.7 |
|
Cash and Short Term Investments |
741.6 |
609.6 |
531.1 |
459.5 |
254.6 |
|
Accounts
Receivable - Trade, Gross |
917.6 |
798.9 |
757.7 |
859.3 |
755.3 |
|
Provision
for Doubtful Accounts |
-4.3 |
-3.3 |
-3.0 |
-4.0 |
-3.0 |
|
Trade Accounts Receivable - Net |
913.3 |
795.6 |
754.7 |
855.3 |
752.3 |
|
Total Receivables, Net |
913.3 |
795.6 |
754.7 |
855.3 |
752.3 |
|
Inventories - Finished Goods |
44.6 |
34.9 |
37.7 |
45.9 |
- |
|
Inventories - Work In Progress |
57.3 |
88.3 |
117.0 |
125.9 |
- |
|
Inventories - Raw Materials |
64.5 |
52.6 |
60.3 |
63.6 |
- |
|
Total Inventory |
166.3 |
175.9 |
215.0 |
235.4 |
209.2 |
|
Deferred Income Tax - Current
Asset |
66.2 |
52.0 |
53.0 |
57.2 |
48.4 |
|
Other Current Assets |
96.0 |
81.9 |
75.8 |
96.3 |
88.1 |
|
Other Current Assets, Total |
162.2 |
133.9 |
128.7 |
153.5 |
136.5 |
|
Total Current Assets |
1,983.4 |
1,714.9 |
1,629.6 |
1,703.7 |
1,352.7 |
|
|
|
|
|
|
|
|
Buildings |
459.6 |
407.8 |
380.2 |
370.3 |
317.9 |
|
Land/Improvements |
76.4 |
68.9 |
65.6 |
65.0 |
55.5 |
|
Machinery/Equipment |
437.2 |
386.6 |
360.7 |
369.6 |
310.8 |
|
Construction
in Progress |
4.2 |
1.1 |
15.2 |
8.8 |
3.3 |
|
Leases |
4.1 |
2.8 |
1.8 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
981.6 |
867.2 |
823.5 |
813.8 |
687.4 |
|
Accumulated Depreciation |
-671.4 |
-573.5 |
-521.4 |
-519.0 |
-427.6 |
|
Property/Plant/Equipment - Net |
310.2 |
293.8 |
302.1 |
294.8 |
259.8 |
|
Goodwill, Net |
46.8 |
57.5 |
64.5 |
30.4 |
35.9 |
|
Intangibles, Net |
23.0 |
18.9 |
19.2 |
18.4 |
16.4 |
|
LT Investments - Other |
151.2 |
162.8 |
118.5 |
166.7 |
206.4 |
|
Long Term Investments |
151.2 |
162.8 |
118.5 |
166.7 |
206.4 |
|
Note Receivable - Long Term |
4.5 |
4.6 |
7.0 |
8.8 |
7.0 |
|
Deferred Income Tax - Long Term
Asset |
19.1 |
11.9 |
25.6 |
6.6 |
2.1 |
|
Other Long Term Assets |
85.9 |
73.7 |
69.4 |
69.6 |
73.4 |
|
Other Long Term Assets, Total |
105.1 |
85.5 |
95.0 |
76.2 |
75.5 |
|
Total Assets |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
409.6 |
374.4 |
364.3 |
423.3 |
357.4 |
|
Accrued Expenses |
97.9 |
84.6 |
84.7 |
90.7 |
74.9 |
|
Notes Payable/Short Term Debt |
48.9 |
133.7 |
123.7 |
144.0 |
102.2 |
|
Current Portion - Long Term Debt/Capital Leases |
20.5 |
21.5 |
26.1 |
1.1 |
18.7 |
|
Customer Advances |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Income Taxes Payable |
70.1 |
39.0 |
49.4 |
57.9 |
41.8 |
|
Other Current Liabilities |
121.9 |
103.5 |
111.1 |
129.3 |
112.8 |
|
Other Current liabilities, Total |
213.2 |
177.2 |
198.5 |
215.6 |
183.3 |
|
Total Current Liabilities |
790.1 |
791.4 |
797.2 |
874.7 |
736.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
74.3 |
8.0 |
22.7 |
45.5 |
55.7 |
|
Capital Lease Obligations |
1.5 |
1.8 |
2.7 |
0.0 |
- |
|
Total Long Term Debt |
75.8 |
9.8 |
25.3 |
45.5 |
55.7 |
|
Total Debt |
145.2 |
165.0 |
175.1 |
190.6 |
176.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
11.6 |
11.4 |
10.1 |
10.8 |
16.5 |
|
Deferred Income Tax |
11.6 |
11.4 |
10.1 |
10.8 |
16.5 |
|
Minority Interest |
21.2 |
17.2 |
14.5 |
13.6 |
9.2 |
|
Pension Benefits - Underfunded |
151.8 |
140.4 |
135.9 |
142.5 |
135.9 |
|
Other Long Term Liabilities |
9.9 |
1.5 |
2.0 |
2.8 |
1.4 |
|
Other Liabilities, Total |
161.7 |
141.9 |
137.9 |
145.3 |
137.3 |
|
Total Liabilities |
1,060.4 |
971.7 |
985.0 |
1,089.8 |
955.2 |
|
|
|
|
|
|
|
|
Common Stock |
127.0 |
112.6 |
106.5 |
105.7 |
89.1 |
|
Common Stock |
127.0 |
112.6 |
106.5 |
105.7 |
89.1 |
|
Additional Paid-In Capital |
207.5 |
184.1 |
174.1 |
127.1 |
107.1 |
|
Retained Earnings (Accumulated Deficit) |
1,250.9 |
1,074.1 |
999.2 |
941.3 |
737.0 |
|
Treasury Stock - Common |
-31.9 |
-28.3 |
-26.7 |
-6.7 |
-0.1 |
|
Unrealized Gain (Loss) |
25.6 |
33.7 |
8.8 |
38.8 |
63.3 |
|
Translation Adjustment |
-15.3 |
-9.9 |
-11.0 |
3.2 |
1.8 |
|
Other Equity, Total |
-15.3 |
-9.9 |
-11.0 |
3.2 |
1.8 |
|
Total Equity |
1,563.8 |
1,366.3 |
1,250.9 |
1,209.3 |
998.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
Total Common Shares Outstanding |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
Treasury Shares - Common Stock Primary Issue |
1.3 |
1.3 |
1.3 |
0.3 |
0.0 |
|
Employees |
8,215 |
8,220 |
8,377 |
8,315 |
8,192 |
|
Number of Common Shareholders |
8,817 |
7,997 |
8,443 |
5,417 |
6,239 |
|
Deferred Revenue - Current |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Total Long Term Debt, Supplemental |
114.2 |
45.9 |
47.6 |
66.5 |
74.4 |
|
Long Term Debt Maturing within 1 Year |
39.8 |
37.9 |
24.9 |
21.0 |
18.7 |
|
Long Term Debt Maturing in Year 2 |
17.7 |
2.4 |
19.1 |
23.9 |
17.5 |
|
Long Term Debt Maturing in Year 3 |
18.0 |
0.8 |
1.7 |
18.2 |
20.0 |
|
Long Term Debt Maturing in Year 4 |
20.9 |
0.5 |
0.4 |
1.0 |
15.3 |
|
Long Term Debt Maturing in Year 5 |
17.3 |
3.6 |
0.2 |
0.3 |
0.9 |
|
Long Term Debt Maturing in 2-3 Years |
35.7 |
3.2 |
20.8 |
42.1 |
37.5 |
|
Long Term Debt Maturing in 4-5 Years |
38.2 |
4.1 |
0.6 |
1.3 |
16.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.4 |
0.7 |
1.2 |
2.1 |
1.8 |
|
Total Capital Leases, Supplemental |
2.3 |
2.5 |
2.1 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.8 |
0.7 |
0.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.8 |
0.7 |
0.5 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.5 |
0.6 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.4 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.1 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.3 |
1.3 |
0.9 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.2 |
0.4 |
0.6 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.1 |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
516.9 |
456.9 |
440.2 |
433.7 |
393.5 |
|
Plan Assets - Domestic |
299.1 |
256.2 |
212.7 |
256.2 |
235.8 |
|
Funded Status - Domestic |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Total Funded Status |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
|
Prepaid Benefits - Domestic |
0.2 |
0.3 |
0.5 |
1.2 |
0.9 |
|
Accrued Liabilities - Domestic |
-149.1 |
-138.3 |
-134.1 |
-140.6 |
-134.4 |
|
Other Assets, Net - Domestic |
69.0 |
62.7 |
93.9 |
38.0 |
24.2 |
|
Net Assets Recognized on Balance Sheet |
-79.9 |
-75.3 |
-39.7 |
-101.4 |
-109.3 |
|
Total Plan Obligations |
516.9 |
456.9 |
440.2 |
433.7 |
393.5 |
|
Total Plan Assets |
299.1 |
256.2 |
212.7 |
256.2 |
235.8 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
81.105 |
83.54 |
88.49 |
93.44 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
586.0 |
533.0 |
606.6 |
562.8 |
482.3 |
|
Short Term Investments |
155.6 |
152.9 |
148.4 |
141.2 |
127.3 |
|
Cash and Short Term Investments |
741.6 |
685.9 |
755.1 |
704.0 |
609.6 |
|
Accounts
Receivable - Trade, Gross |
917.6 |
827.3 |
725.5 |
688.5 |
798.9 |
|
Provision
for Doubtful Accounts |
-4.3 |
-4.0 |
-3.1 |
-2.6 |
-3.3 |
|
Trade Accounts Receivable - Net |
913.3 |
823.3 |
722.4 |
685.9 |
795.6 |
|
Total Receivables, Net |
913.3 |
823.3 |
722.4 |
685.9 |
795.6 |
|
Inventories - Finished Goods |
44.6 |
46.2 |
43.8 |
41.9 |
34.9 |
|
Inventories - Work In Progress |
57.3 |
119.2 |
106.8 |
111.5 |
88.3 |
|
Inventories - Raw Materials |
64.5 |
67.3 |
62.9 |
61.1 |
52.6 |
|
Total Inventory |
166.3 |
232.7 |
213.5 |
214.5 |
175.9 |
|
Deferred Income Tax - Current
Asset |
66.2 |
- |
- |
- |
52.0 |
|
Other Current Assets |
96.0 |
138.0 |
135.0 |
143.3 |
81.9 |
|
Other Current Assets, Total |
162.2 |
138.0 |
135.0 |
143.3 |
133.9 |
|
Total Current Assets |
1,983.4 |
1,879.8 |
1,826.0 |
1,747.6 |
1,714.9 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
310.2 |
323.6 |
320.6 |
304.1 |
293.7 |
|
Goodwill, Net |
46.8 |
51.7 |
54.0 |
56.9 |
57.5 |
|
Intangibles, Net |
23.0 |
23.8 |
18.7 |
18.8 |
18.9 |
|
LT Investments - Other |
151.2 |
158.8 |
142.6 |
136.8 |
162.8 |
|
Long Term Investments |
151.2 |
158.8 |
142.6 |
136.8 |
162.8 |
|
Deferred Income Tax - Long Term
Asset |
19.1 |
- |
- |
- |
11.9 |
|
Other Long Term Assets |
90.5 |
110.3 |
108.8 |
104.2 |
78.3 |
|
Other Long Term Assets, Total |
109.6 |
110.3 |
108.8 |
104.2 |
90.2 |
|
Total Assets |
2,624.2 |
2,548.1 |
2,470.7 |
2,368.6 |
2,338.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
409.6 |
379.0 |
354.2 |
374.3 |
374.4 |
|
Accrued Expenses |
97.9 |
51.6 |
74.8 |
35.8 |
84.6 |
|
Notes Payable/Short Term Debt |
48.9 |
166.5 |
161.5 |
162.7 |
133.7 |
|
Current Portion - Long Term Debt/Capital Leases |
20.5 |
- |
- |
- |
21.5 |
|
Income Taxes Payable |
70.1 |
9.5 |
7.8 |
3.9 |
39.0 |
|
Other Current Liabilities |
143.1 |
197.4 |
169.2 |
199.3 |
138.2 |
|
Other Current liabilities, Total |
213.2 |
206.9 |
176.9 |
203.2 |
177.2 |
|
Total Current Liabilities |
790.1 |
804.0 |
767.4 |
776.0 |
791.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
74.3 |
6.9 |
7.6 |
7.8 |
8.0 |
|
Capital Lease Obligations |
1.5 |
- |
- |
- |
1.8 |
|
Total Long Term Debt |
75.8 |
6.9 |
7.6 |
7.8 |
9.8 |
|
Total Debt |
145.2 |
173.3 |
169.1 |
170.4 |
165.0 |
|
|
|
|
|
|
|
|
Minority Interest |
21.2 |
20.5 |
19.5 |
18.1 |
17.2 |
|
Pension Benefits - Underfunded |
151.8 |
157.5 |
154.7 |
146.7 |
140.4 |
|
Other Long Term Liabilities |
21.5 |
23.6 |
23.5 |
22.9 |
12.9 |
|
Other Liabilities, Total |
173.3 |
181.0 |
178.1 |
169.6 |
153.3 |
|
Total Liabilities |
1,060.4 |
1,012.4 |
972.7 |
971.5 |
971.7 |
|
|
|
|
|
|
|
|
Common Stock |
127.0 |
129.7 |
126.0 |
118.9 |
112.6 |
|
Common Stock |
127.0 |
129.7 |
126.0 |
118.9 |
112.6 |
|
Additional Paid-In Capital |
207.5 |
212.1 |
205.9 |
194.3 |
184.1 |
|
Retained Earnings (Accumulated Deficit) |
1,250.9 |
1,211.3 |
1,189.4 |
1,101.9 |
1,074.1 |
|
Treasury Stock - Common |
-31.9 |
-32.6 |
-31.6 |
-29.9 |
-28.3 |
|
Unrealized Gain (Loss) |
25.6 |
28.3 |
20.1 |
20.3 |
33.7 |
|
Translation Adjustment |
-15.3 |
-13.2 |
-11.8 |
-8.5 |
-9.9 |
|
Other Equity, Total |
-15.3 |
-13.2 |
-11.8 |
-8.5 |
-9.9 |
|
Total Equity |
1,563.8 |
1,535.7 |
1,498.0 |
1,397.1 |
1,366.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,624.1 |
2,548.1 |
2,470.7 |
2,368.6 |
2,338.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
Total Common Shares Outstanding |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
Treasury Shares - Common Stock Primary Issue |
1.3 |
1.3 |
1.3 |
1.3 |
1.3 |
|
Employees |
8,215 |
8,224 |
8,261 |
8,274 |
8,220 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
Depreciation |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Depreciation/Depletion |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Amortization of Acquisition Costs |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Amortization |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Unusual Items |
13.8 |
14.9 |
3.4 |
2.8 |
-2.1 |
|
Other Non-Cash Items |
-7.6 |
-6.5 |
-9.6 |
-16.9 |
-9.9 |
|
Non-Cash Items |
6.2 |
8.4 |
-6.3 |
-14.1 |
-12.1 |
|
Accounts Receivable |
-18.8 |
2.9 |
106.5 |
32.6 |
-80.5 |
|
Inventories |
29.2 |
53.0 |
21.8 |
10.9 |
-26.7 |
|
Other Assets |
-3.3 |
2.4 |
4.7 |
0.7 |
-3.2 |
|
Accounts Payable |
-10.6 |
-11.6 |
-60.9 |
-0.6 |
19.2 |
|
Accrued Expenses |
2.5 |
-4.9 |
-6.6 |
1.6 |
5.6 |
|
Other Liabilities |
-14.4 |
-11.4 |
-1.0 |
-5.7 |
16.4 |
|
Other Operating Cash Flow |
-40.9 |
-56.5 |
-66.4 |
-55.9 |
-46.3 |
|
Changes in Working Capital |
-56.3 |
-26.2 |
-1.8 |
-16.4 |
-115.4 |
|
Cash from Operating Activities |
177.6 |
169.1 |
212.7 |
184.5 |
64.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-29.5 |
-31.2 |
-64.5 |
-39.4 |
-45.6 |
|
Purchase/Acquisition of
Intangibles |
-7.9 |
-3.2 |
-5.2 |
-4.4 |
-3.2 |
|
Capital Expenditures |
-37.4 |
-34.4 |
-69.6 |
-43.8 |
-48.8 |
|
Acquisition of Business |
0.0 |
-0.6 |
0.0 |
0.0 |
11.2 |
|
Sale of Fixed Assets |
2.0 |
0.4 |
7.4 |
28.4 |
17.1 |
|
Sale/Maturity of Investment |
208.8 |
295.5 |
120.0 |
46.4 |
30.6 |
|
Purchase of Investments |
-200.9 |
-240.9 |
-221.0 |
-34.9 |
-31.5 |
|
Other Investing Cash Flow |
1.0 |
1.0 |
-2.0 |
-1.4 |
0.2 |
|
Other Investing Cash Flow Items, Total |
10.9 |
55.5 |
-95.6 |
38.5 |
27.6 |
|
Cash from Investing Activities |
-26.5 |
21.1 |
-165.3 |
-5.3 |
-21.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.7 |
-0.6 |
-0.6 |
-0.1 |
-0.1 |
|
Financing Cash Flow Items |
-0.7 |
-0.6 |
-0.6 |
-0.1 |
-0.1 |
|
Cash Dividends Paid - Common |
-53.8 |
-49.3 |
-44.9 |
-35.4 |
-34.6 |
|
Total Cash Dividends Paid |
-53.8 |
-49.3 |
-44.9 |
-35.4 |
-34.6 |
|
Sale/Issuance
of Common |
0.0 |
0.0 |
0.2 |
0.0 |
- |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-19.8 |
-5.7 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
-19.6 |
-5.7 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
-19.6 |
-5.7 |
0.0 |
|
Short Term
Debt Issued |
13.5 |
7.7 |
15.4 |
15.6 |
20.8 |
|
Short Term
Debt Reduction |
-111.6 |
-4.5 |
-16.8 |
-12.7 |
-20.4 |
|
Short Term Debt, Net |
-98.1 |
3.2 |
-1.4 |
2.9 |
0.4 |
|
Long Term
Debt Issued |
82.3 |
5.5 |
2.0 |
0.9 |
0.0 |
|
Long Term
Debt Reduction |
-22.9 |
-31.5 |
-20.8 |
-18.9 |
-19.9 |
|
Long Term Debt, Net |
59.3 |
-26.0 |
-18.8 |
-18.0 |
-19.9 |
|
Issuance (Retirement) of Debt, Net |
-38.8 |
-22.8 |
-20.2 |
-15.1 |
-19.5 |
|
Cash from Financing Activities |
-93.4 |
-72.7 |
-85.3 |
-56.3 |
-54.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-5.4 |
0.7 |
-11.2 |
0.2 |
1.6 |
|
Net Change in Cash |
52.3 |
118.2 |
-49.1 |
123.1 |
-9.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
646.1 |
477.5 |
490.2 |
307.9 |
310.4 |
|
Net Cash - Ending Balance |
698.4 |
595.7 |
441.1 |
430.9 |
300.9 |
|
Cash Interest Paid |
1.9 |
2.4 |
2.5 |
2.4 |
1.8 |
|
Cash Taxes Paid |
45.1 |
58.7 |
69.5 |
58.4 |
47.9 |
Interim Cash Flows
Standardized
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
92.941082 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
160.2 |
58.2 |
30.7 |
-8.0 |
119.7 |
|
Depreciation |
52.0 |
37.7 |
24.0 |
11.3 |
51.1 |
|
Depreciation/Depletion |
52.0 |
37.7 |
24.0 |
11.3 |
51.1 |
|
Amortization of Acquisition Costs |
15.5 |
11.4 |
7.5 |
3.6 |
16.0 |
|
Amortization |
15.5 |
11.4 |
7.5 |
3.6 |
16.0 |
|
Unusual Items |
13.8 |
11.6 |
10.4 |
7.1 |
14.9 |
|
Other Non-Cash Items |
-7.6 |
-4.4 |
-3.1 |
-2.3 |
-6.5 |
|
Non-Cash Items |
6.2 |
7.2 |
7.3 |
4.8 |
8.4 |
|
Accounts Receivable |
-18.8 |
85.4 |
156.8 |
149.7 |
2.9 |
|
Inventories |
29.2 |
-29.4 |
-16.6 |
-27.3 |
53.0 |
|
Other Assets |
-3.3 |
14.9 |
4.2 |
6.1 |
2.4 |
|
Accounts Payable |
-10.6 |
-47.9 |
-59.8 |
-20.7 |
-11.6 |
|
Accrued Expenses |
2.5 |
-42.8 |
-18.6 |
-51.5 |
-4.9 |
|
Other Liabilities |
-14.4 |
12.5 |
7.6 |
44.3 |
-11.4 |
|
Other Operating Cash Flow |
-40.9 |
-40.1 |
-35.1 |
-34.8 |
-56.5 |
|
Changes in Working Capital |
-56.3 |
-47.3 |
38.5 |
65.9 |
-26.2 |
|
Cash from Operating Activities |
177.6 |
67.2 |
107.9 |
77.5 |
169.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-29.5 |
-23.7 |
-13.1 |
-5.3 |
-31.2 |
|
Purchase/Acquisition of
Intangibles |
-7.9 |
-1.2 |
-0.9 |
-0.4 |
-3.2 |
|
Capital Expenditures |
-37.4 |
-24.9 |
-13.9 |
-5.8 |
-34.4 |
|
Acquisition of Business |
0.0 |
0.0 |
0.0 |
0.0 |
-0.6 |
|
Sale of Fixed Assets |
2.0 |
2.0 |
1.8 |
1.7 |
0.4 |
|
Sale/Maturity of Investment |
208.8 |
153.0 |
102.3 |
55.1 |
295.5 |
|
Purchase of Investments |
-200.9 |
-143.3 |
-91.5 |
-47.1 |
-240.9 |
|
Other Investing Cash Flow |
1.0 |
-0.2 |
0.3 |
0.0 |
1.0 |
|
Other Investing Cash Flow Items, Total |
10.9 |
11.6 |
12.9 |
9.7 |
55.5 |
|
Cash from Investing Activities |
-26.5 |
-13.3 |
-1.0 |
4.0 |
21.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.7 |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
|
Financing Cash Flow Items |
-0.7 |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
|
Cash Dividends Paid - Common |
-53.8 |
-53.0 |
-25.7 |
-24.1 |
-49.3 |
|
Total Cash Dividends Paid |
-53.8 |
-53.0 |
-25.7 |
-24.1 |
-49.3 |
|
Sale/Issuance
of Common |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Short Term
Debt Issued |
13.5 |
9.5 |
6.3 |
3.0 |
7.7 |
|
Short Term
Debt Reduction |
-111.6 |
-9.3 |
-6.2 |
-2.6 |
-4.5 |
|
Short Term Debt, Net |
-98.1 |
0.3 |
0.1 |
0.4 |
3.2 |
|
Long Term
Debt Issued |
82.3 |
0.0 |
0.0 |
0.0 |
5.5 |
|
Long Term
Debt Reduction |
-22.9 |
-12.3 |
-11.1 |
-0.9 |
-31.5 |
|
Long Term Debt, Net |
59.3 |
-12.3 |
-11.1 |
-0.9 |
-26.0 |
|
Issuance (Retirement) of Debt, Net |
-38.8 |
-12.0 |
-11.1 |
-0.5 |
-22.8 |
|
Cash from Financing Activities |
-93.4 |
-65.7 |
-37.4 |
-25.2 |
-72.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-5.4 |
-4.2 |
-3.1 |
-0.2 |
0.7 |
|
Net Change in Cash |
52.3 |
-16.0 |
66.5 |
56.2 |
118.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
646.1 |
637.7 |
622.3 |
601.2 |
477.5 |
|
Net Cash - Ending Balance |
698.4 |
621.7 |
688.8 |
657.4 |
595.7 |
|
Cash Interest Paid |
1.9 |
1.2 |
1.0 |
0.2 |
2.4 |
|
Cash Taxes Paid |
45.1 |
45.1 |
38.9 |
36.8 |
58.7 |
Annual Income Statement
As Reported
Financials in: USD
(mil)
Except for share items
(millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
Total Revenue |
2,558.2 |
2,283.3 |
2,350.3 |
2,174.5 |
2,005.8 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,628.0 |
1,461.1 |
1,488.0 |
1,387.6 |
1,280.9 |
|
Payroll |
300.2 |
273.3 |
267.5 |
234.8 |
220.5 |
|
Allowance for bonus |
49.7 |
43.0 |
43.5 |
41.8 |
41.0 |
|
Provision for directors' bonuses |
1.2 |
0.9 |
0.7 |
0.7 |
0.8 |
|
Periodic pension cost |
24.2 |
23.0 |
15.8 |
8.5 |
11.4 |
|
Res.Dir.'s retire.bene. |
0.5 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Provision for doubtful accounts |
1.1 |
0.8 |
0.3 |
- |
- |
|
Research & Development cost |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Amort. of consol differences(SGA) |
- |
- |
- |
0.1 |
5.9 |
|
Other SGA |
275.0 |
254.6 |
260.9 |
235.4 |
222.0 |
|
Reverse-Doubt.Accts |
-0.2 |
0.0 |
- |
0.0 |
-1.4 |
|
SP Loss on Retire. Change |
- |
0.0 |
1.7 |
0.0 |
- |
|
SP Spec. add. amount for retire. |
- |
0.0 |
1.5 |
0.0 |
- |
|
SP Factory transfer |
- |
- |
0.0 |
1.5 |
3.6 |
|
SP HQ relocation cost |
- |
- |
- |
- |
0.0 |
|
SP Impairment loss |
2.8 |
9.0 |
1.6 |
27.2 |
0.0 |
|
SP Environmental expenses |
6.7 |
0.0 |
- |
- |
- |
|
Loss on adjustment for changes of accoun |
3.1 |
0.0 |
- |
- |
- |
|
SP Loss on disaster |
1.8 |
0.0 |
- |
- |
- |
|
SP Deval. Inv.Secs |
0.8 |
4.3 |
1.7 |
0.6 |
0.0 |
|
Allw-Doubt.Acct |
0.0 |
1.5 |
0.7 |
1.7 |
0.0 |
|
SP Reserve for product warranty |
- |
- |
0.0 |
1.2 |
- |
|
SP Loss on cohesion stock decrease |
- |
- |
0.0 |
0.2 |
0.0 |
|
SP Other Extraord. Exp. |
- |
- |
- |
- |
0.0 |
|
Total Operating Expense |
2,399.3 |
2,164.8 |
2,180.1 |
2,027.6 |
1,859.9 |
|
|
|
|
|
|
|
|
NOP Interest Income |
1.2 |
1.3 |
2.5 |
2.1 |
1.0 |
|
NOP Dividend Income |
5.5 |
3.2 |
3.2 |
2.9 |
2.5 |
|
NOP Foreign Exchange |
- |
- |
- |
0.0 |
1.1 |
|
NOP Real Estate Rent Income |
0.6 |
0.8 |
1.2 |
1.0 |
1.2 |
|
NOP Subsidy income |
1.5 |
4.2 |
0.0 |
- |
- |
|
NOP Other Income |
2.7 |
1.8 |
2.7 |
2.1 |
3.6 |
|
NOP Interest Expenses |
-1.8 |
-2.2 |
-2.5 |
-2.4 |
-1.8 |
|
Exchange Loss |
-5.5 |
-0.4 |
-6.4 |
-2.4 |
0.0 |
|
NOP Commission paid |
-0.9 |
-0.5 |
-0.5 |
-0.4 |
-0.4 |
|
NOP Real Estate Rent Expense |
-1.0 |
-1.8 |
-1.1 |
-0.7 |
-0.8 |
|
Office Relocation |
-0.5 |
-2.2 |
-4.2 |
0.0 |
- |
|
NOP Other Expenses |
-1.8 |
-1.4 |
-1.5 |
-2.8 |
-1.8 |
|
SP Gain Sale Fix Asset |
0.4 |
0.0 |
2.2 |
24.8 |
3.3 |
|
SP Gain Sale Inv. Secs |
2.3 |
0.0 |
0.0 |
2.4 |
0.6 |
|
SP G on sale of affiliated
securities |
- |
0.0 |
0.1 |
0.0 |
- |
|
SP L. Sale/Ret F. Asset |
-1.1 |
-1.6 |
-2.5 |
-2.4 |
-1.8 |
|
SP Loss Sale Investment |
-0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Taxes |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
64.4 |
50.3 |
66.3 |
74.5 |
59.8 |
|
Net Income After Taxes |
95.8 |
69.4 |
97.2 |
96.5 |
92.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.3 |
-2.2 |
-2.4 |
-2.7 |
-1.8 |
|
Net Income Before Extra. Items |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
Net Income |
92.6 |
67.2 |
94.8 |
93.7 |
91.1 |
|
|
|
|
|
|
|
|
Adjustment |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Director's Bonus |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Basic EPS Including ExtraOrdinary Item |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
92.5 |
67.2 |
94.8 |
93.7 |
91.0 |
|
Diluted Weighted Average Shares |
73.9 |
73.9 |
74.5 |
73.5 |
73.6 |
|
Diluted EPS Excluding ExtraOrd Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
Diluted EPS Including ExtraOrd Items |
1.25 |
0.91 |
1.27 |
1.27 |
1.24 |
|
DPS-Common Stock |
0.74 |
0.67 |
0.62 |
0.52 |
0.43 |
|
Gross Dividends - Common Stock |
54.3 |
49.3 |
45.9 |
38.5 |
31.5 |
|
Normalized Income Before Taxes |
191.3 |
152.1 |
183.5 |
186.6 |
159.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
70.7 |
57.2 |
69.3 |
78.8 |
60.1 |
|
Normalized Income After Taxes |
120.7 |
94.9 |
114.1 |
107.8 |
99.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
117.4 |
92.7 |
111.7 |
105.0 |
97.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Diluted Normalized EPS |
1.59 |
1.26 |
1.50 |
1.43 |
1.32 |
|
Interest Expense |
1.8 |
2.2 |
2.5 |
2.4 |
1.8 |
|
Amort of Goodwill |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Research & Development expense |
104.5 |
93.0 |
95.9 |
86.1 |
75.0 |
|
Depreciation |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Reported Operating Profit |
173.8 |
133.2 |
177.5 |
179.2 |
148.0 |
|
Reported Ordinary Profit |
173.8 |
136.1 |
170.9 |
178.5 |
152.7 |
|
Service Cost |
21.0 |
19.6 |
18.2 |
6.3 |
11.2 |
|
Interest Cost |
9.6 |
8.9 |
8.1 |
7.1 |
7.4 |
|
Expected return on plan assets |
-5.6 |
-5.5 |
-12.4 |
-7.2 |
-3.2 |
|
Actuarial G&L |
11.4 |
12.4 |
9.2 |
4.4 |
5.9 |
|
Prior service cost |
-2.6 |
-2.5 |
-2.3 |
-2.0 |
-1.9 |
|
Domestic Pension Plan Expense |
33.8 |
32.9 |
20.9 |
8.7 |
19.4 |
|
Defined Contribution Expense |
9.7 |
8.7 |
8.2 |
6.7 |
6.5 |
|
Total Pension Expense |
43.5 |
41.5 |
29.1 |
15.4 |
25.8 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
90.324863 |
|
|
|
|
|
|
|
|
Net sales |
821.5 |
633.8 |
634.6 |
487.1 |
1,314.6 |
|
Total Revenue |
821.5 |
633.8 |
634.6 |
487.1 |
1,314.6 |
|
|
|
|
|
|
|
|
Cost of Sales |
511.9 |
405.7 |
401.8 |
319.4 |
830.2 |
|
Payrolls&bonus |
104.2 |
70.0 |
65.3 |
62.6 |
90.3 |
|
Provision for bonuses |
- |
23.9 |
18.4 |
17.0 |
6.4 |
|
Provision for directors' bonuses |
- |
0.7 |
0.5 |
0.5 |
- |
|
Periodic retirement benefit costs |
6.3 |
6.2 |
6.1 |
5.6 |
8.0 |
|
Prov. for dirs' retirment benefits |
0.1 |
0.1 |
0.2 |
0.1 |
- |
|
Provision for doubtful
accounts(SGA) |
- |
0.5 |
0.8 |
- |
0.3 |
|
R&D expenses |
29.6 |
26.4 |
27.2 |
21.8 |
43.9 |
|
Other SGA expenses |
63.3 |
70.5 |
69.5 |
61.5 |
214.9 |
|
SP Reverse-Doubt.Accts |
- |
0.0 |
- |
-1.0 |
-0.6 |
|
SP Other Special Gain |
- |
- |
- |
- |
-0.2 |
|
SP Impairment loss |
0.1 |
0.1 |
2.4 |
0.3 |
9.0 |
|
SP Environmental expenses |
- |
0.4 |
0.2 |
5.7 |
- |
|
SP L on acconut. change for assets |
0.0 |
- |
- |
2.9 |
- |
|
SP L on val. of LT inv't. secs. |
0.1 |
0.1 |
0.4 |
0.2 |
- |
|
SP Provision for doubtful accounts |
- |
0.3 |
0.3 |
0.0 |
- |
|
SP Spec. add. amount for early
retire. |
- |
- |
- |
- |
0.0 |
|
SP Other Special Loss |
2.0 |
- |
- |
- |
- |
|
Total Operating Expense |
717.7 |
605.0 |
593.0 |
496.6 |
1,202.1 |
|
|
|
|
|
|
|
|
NOP Interest income |
0.3 |
0.4 |
0.3 |
0.3 |
0.7 |
|
NOP Dividend Income |
0.1 |
1.1 |
2.2 |
1.9 |
1.1 |
|
NOP Exchange Gain |
1.0 |
0.0 |
- |
- |
1.6 |
|
NOP Rental income |
0.2 |
0.1 |
0.1 |
0.1 |
0.4 |
|
NOP Subsidy income |
1.5 |
0.1 |
0.0 |
- |
2.6 |
|
NOP Other Income |
0.1 |
0.4 |
0.0 |
2.0 |
0.9 |
|
NOP Interest expenses |
-0.4 |
-0.5 |
-0.5 |
-0.5 |
-1.1 |
|
NOP Exchange Loss |
- |
-1.4 |
-2.0 |
-3.0 |
- |
|
NOP Commitment line commissions |
-0.6 |
-0.1 |
-0.1 |
-0.1 |
-0.3 |
|
NOP Rental expenses |
-0.3 |
-0.3 |
-0.2 |
-0.2 |
-1.1 |
|
NOP Office relocation expenses |
0.0 |
-0.1 |
-0.2 |
-0.2 |
-0.7 |
|
NOP Other Expenses |
-0.3 |
0.0 |
-0.6 |
-0.9 |
-0.5 |
|
SP Gain on sales of noncurrent
assets |
0.0 |
0.0 |
0.0 |
0.4 |
0.0 |
|
SP Gain Sale Inv. Secs |
0.1 |
- |
0.2 |
1.8 |
- |
|
SP L. Sale/Ret F. Asset |
-0.3 |
-0.4 |
-0.3 |
-0.1 |
-1.2 |
|
SP L on sales of investment
securities |
0.0 |
-0.1 |
0.0 |
-0.1 |
0.0 |
|
Net Income Before Taxes |
105.3 |
28.2 |
40.5 |
-8.0 |
115.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
38.0 |
12.8 |
18.1 |
-2.3 |
42.1 |
|
Net Income After Taxes |
67.3 |
15.4 |
22.4 |
-5.6 |
72.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.4 |
-0.7 |
-0.7 |
-0.5 |
-1.5 |
|
Net Income Before Extra. Items |
65.9 |
14.7 |
21.7 |
-6.2 |
71.4 |
|
Net Income |
65.9 |
14.7 |
21.7 |
-6.2 |
71.4 |
|
|
|
|
|
|
|
|
Adjustment |
0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
66.0 |
14.7 |
21.6 |
-6.2 |
71.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
66.0 |
14.7 |
21.6 |
-6.2 |
71.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
Basic EPS Including ExtraOrdinary Item |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
66.0 |
14.7 |
21.6 |
-6.2 |
71.4 |
|
Diluted Weighted Average Shares |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
Diluted EPS Including ExtraOrd Items |
0.89 |
0.20 |
0.29 |
-0.08 |
0.97 |
|
DPS-Common Stock |
0.38 |
0.00 |
0.37 |
0.00 |
0.34 |
|
Gross Dividends - Common Stock |
28.3 |
0.0 |
27.1 |
0.0 |
25.4 |
|
Normalized Income Before Taxes |
111.9 |
33.4 |
48.0 |
3.5 |
132.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
38.9 |
13.3 |
19.7 |
0.4 |
45.5 |
|
Normalized Income After Taxes |
72.9 |
20.1 |
28.3 |
3.1 |
87.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
71.7 |
19.3 |
27.5 |
2.5 |
85.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.97 |
0.26 |
0.37 |
0.03 |
1.16 |
|
Diluted Normalized EPS |
0.97 |
0.26 |
0.37 |
0.03 |
1.16 |
|
R & D Costs |
29.6 |
26.4 |
27.2 |
21.8 |
43.9 |
|
Interest Expense |
0.4 |
0.5 |
0.5 |
0.5 |
1.1 |
|
Amort of goodwill |
4.1 |
4.0 |
3.9 |
3.6 |
8.3 |
|
Depreciation |
14.4 |
13.8 |
12.7 |
11.3 |
27.7 |
|
Reported Operating Profit |
106.1 |
29.7 |
44.9 |
-1.4 |
120.6 |
|
Reported Ordinary Profit |
107.8 |
29.4 |
43.9 |
-1.8 |
124.3 |
Annual Balance Sheet
As Reported
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash&Deposit |
586.0 |
482.3 |
383.4 |
325.0 |
203.9 |
|
Note &Acct. Rcvb |
917.6 |
798.9 |
757.7 |
859.3 |
755.3 |
|
leasing rece.&lease invest.
asset |
- |
- |
1.7 |
0.0 |
- |
|
Marketable Secs |
155.6 |
127.3 |
147.7 |
134.5 |
50.7 |
|
Inventnories |
- |
- |
- |
- |
209.2 |
|
Inventories - merch. & fini.
Goods |
44.6 |
34.9 |
37.7 |
45.9 |
- |
|
Inventories - work-in-process |
57.3 |
88.3 |
117.0 |
125.9 |
- |
|
Inventories - raw materials |
64.5 |
52.6 |
60.3 |
63.6 |
- |
|
Deferred Taxes |
66.2 |
52.0 |
53.0 |
57.2 |
48.4 |
|
Other |
96.0 |
81.9 |
74.1 |
96.3 |
88.1 |
|
Allw-Doubt.Acct |
-4.3 |
-3.3 |
-3.0 |
-4.0 |
-3.0 |
|
Total Current Assets |
1,983.4 |
1,714.9 |
1,629.6 |
1,703.7 |
1,352.7 |
|
|
|
|
|
|
|
|
Building&Structure |
459.6 |
407.8 |
380.2 |
370.3 |
317.9 |
|
Building&Structure
depreciation |
-285.6 |
-242.7 |
-216.1 |
-216.1 |
- |
|
Machinery/Equip. |
207.5 |
182.7 |
166.7 |
173.8 |
146.4 |
|
Machinery/Equip. depreciation |
-176.5 |
-150.0 |
-136.4 |
-135.6 |
- |
|
Fixtures |
229.8 |
203.8 |
194.0 |
195.8 |
164.4 |
|
Fixtures depreciation |
-207.4 |
-179.9 |
-168.7 |
-167.2 |
- |
|
Land |
76.4 |
68.9 |
65.6 |
65.0 |
55.5 |
|
Lease assets, gross |
4.1 |
2.8 |
1.8 |
0.0 |
- |
|
Accum. depr - lease assets |
-1.9 |
-0.8 |
-0.3 |
0.0 |
- |
|
Construction |
4.2 |
1.1 |
15.2 |
8.8 |
3.3 |
|
Depreciation |
- |
- |
- |
- |
-427.6 |
|
Facility Usage |
1.7 |
1.6 |
1.5 |
2.0 |
1.7 |
|
Software |
10.4 |
9.2 |
9.6 |
10.1 |
11.6 |
|
Goodwill |
46.8 |
57.5 |
64.5 |
30.4 |
35.9 |
|
Lease |
- |
- |
0.0 |
0.0 |
- |
|
Other Intangible |
10.8 |
8.1 |
8.0 |
6.3 |
3.2 |
|
Investment Secs. |
151.2 |
162.8 |
118.5 |
166.7 |
206.4 |
|
Long Term Loan |
2.9 |
3.3 |
5.9 |
7.4 |
5.7 |
|
Bankrupt Claim |
1.6 |
1.4 |
1.1 |
1.4 |
1.2 |
|
Deferred Taxes |
19.1 |
11.9 |
25.6 |
6.6 |
2.1 |
|
Other Assets |
91.9 |
79.3 |
76.2 |
75.3 |
77.5 |
|
Allw-Doubt.Acct |
-5.9 |
-5.6 |
-6.8 |
-5.6 |
-4.1 |
|
Adjustment |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
Note&Acct.Pay. |
409.6 |
374.4 |
364.3 |
423.3 |
357.4 |
|
Short Term Debt |
48.9 |
133.7 |
123.7 |
144.0 |
102.2 |
|
LT borrowings (current) |
18.9 |
20.3 |
22.9 |
- |
16.5 |
|
Straight bonds (current) |
0.7 |
0.5 |
2.0 |
1.1 |
2.2 |
|
Lease Obligation |
0.8 |
0.7 |
1.2 |
0.0 |
- |
|
Income Tax Pay |
70.1 |
39.0 |
49.4 |
57.9 |
41.8 |
|
Advance Received |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Allowance Bonus |
96.7 |
83.7 |
84.0 |
89.9 |
74.1 |
|
Reserve for directors' bonuses |
1.2 |
0.9 |
0.7 |
0.8 |
0.7 |
|
Res.Product Warranty |
6.8 |
6.3 |
4.3 |
4.0 |
3.4 |
|
Reserve for order loss |
4.9 |
3.4 |
3.7 |
1.6 |
2.0 |
|
Other |
110.1 |
93.8 |
103.0 |
123.7 |
107.4 |
|
Total Current Liabilities |
790.1 |
791.4 |
797.2 |
874.7 |
736.5 |
|
|
|
|
|
|
|
|
Straight bonds |
0.0 |
0.6 |
1.1 |
3.1 |
3.6 |
|
Long Term Debt |
74.3 |
7.4 |
21.6 |
42.4 |
52.1 |
|
Lease Obligation |
1.5 |
1.8 |
2.7 |
0.0 |
- |
|
Total Long Term Debt |
75.8 |
9.8 |
25.3 |
45.5 |
55.7 |
|
|
|
|
|
|
|
|
Dfrd. tax liab. |
8.7 |
8.9 |
7.6 |
8.4 |
14.5 |
|
Reval. dfrd.tax laib. |
2.9 |
2.6 |
2.4 |
2.4 |
2.0 |
|
Accrued Sev. Ind |
149.1 |
138.3 |
134.1 |
140.6 |
134.4 |
|
Allw-Dir.'s Ret |
2.7 |
2.1 |
1.9 |
1.9 |
1.5 |
|
Consol. Adjust |
- |
- |
- |
- |
0.0 |
|
Other |
9.9 |
1.5 |
2.0 |
2.8 |
1.4 |
|
Minority Int. |
21.2 |
17.2 |
14.5 |
13.6 |
9.2 |
|
Total Liabilities |
1,060.4 |
971.7 |
985.0 |
1,089.8 |
955.2 |
|
|
|
|
|
|
|
|
Common Stock |
127.0 |
112.6 |
106.5 |
105.7 |
89.1 |
|
Add. Paid-in Cap |
207.5 |
184.0 |
174.1 |
127.1 |
107.1 |
|
Retained Earning |
1,250.9 |
1,074.1 |
999.2 |
941.3 |
737.0 |
|
Treasury Stock |
-31.9 |
-28.3 |
-26.7 |
-6.7 |
-0.1 |
|
Unreal Gain Secs |
25.6 |
33.7 |
8.8 |
38.8 |
63.3 |
|
Deferred hedge gain/loss |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Currency Trans. |
-15.3 |
-9.9 |
-11.0 |
3.2 |
1.8 |
|
Subscription rights to shares |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Equity |
1,563.8 |
1,366.3 |
1,250.9 |
1,209.3 |
998.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,624.1 |
2,338.0 |
2,235.9 |
2,299.0 |
1,953.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
Total Common Shares Outstanding |
73.9 |
73.9 |
73.9 |
73.3 |
73.6 |
|
T/S-Common Stock |
1.3 |
1.3 |
1.3 |
0.3 |
0.0 |
|
Deferred Revenue - Current |
21.2 |
34.7 |
38.1 |
28.4 |
28.6 |
|
Full-Time Employees |
8,215 |
8,220 |
8,377 |
8,315 |
8,192 |
|
Number of Common Shareholders |
8,817 |
7,997 |
8,443 |
5,417 |
6,239 |
|
Long Term Debt Maturing within 1 Yr |
39.8 |
37.9 |
24.9 |
21.0 |
18.7 |
|
Long Term Debt Maturing within 2 Yr |
17.7 |
2.4 |
19.1 |
23.9 |
17.5 |
|
Long Term Debt Maturing within 3 Yr |
18.0 |
0.8 |
1.7 |
18.2 |
20.0 |
|
Long Term Debt Maturing within 4 Yr |
20.9 |
0.5 |
0.4 |
1.0 |
15.3 |
|
Long Term Debt Maturing within 5 Yr |
17.3 |
3.6 |
0.2 |
0.3 |
0.9 |
|
Long Term Debt Remaining Marutity |
0.4 |
0.7 |
1.2 |
2.1 |
1.8 |
|
Total Long Term Debt, Supplemental |
114.2 |
45.9 |
47.6 |
66.5 |
74.4 |
|
Capital Lease Payments Due within 1 Year |
0.8 |
0.7 |
0.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.8 |
0.7 |
0.5 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.5 |
0.6 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.4 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.1 |
0.2 |
- |
- |
|
Captial Lease-Remaining Maturities |
0.0 |
0.1 |
0.0 |
- |
- |
|
Total Capital Leases |
2.3 |
2.5 |
2.1 |
- |
- |
|
Pension Obligation |
516.9 |
456.9 |
440.2 |
433.7 |
393.5 |
|
Fair value of plan assets |
299.1 |
256.2 |
212.7 |
256.2 |
235.8 |
|
Funded Status |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Total Funded Status |
-217.8 |
-200.6 |
-227.5 |
-177.5 |
-157.7 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
2.00% |
2.50% |
5.00% |
3.00% |
1.50% |
|
Unrecog.actuarial G&L |
95.0 |
88.1 |
120.8 |
66.9 |
48.3 |
|
Unrecog.Prior service Cost |
-26.0 |
-25.4 |
-26.9 |
-28.8 |
-24.1 |
|
Prepaid pension Benefits |
0.2 |
0.3 |
0.5 |
1.2 |
0.9 |
|
Reserve for Accrued Retirement Benefits |
-149.1 |
-138.3 |
-134.1 |
-140.6 |
-134.4 |
|
Net Assets Recognized on Balance Sheet |
-79.9 |
-75.3 |
-39.7 |
-101.4 |
-109.3 |
Interim Balance Sheet
As Reported
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
81.105 |
83.54 |
88.49 |
93.44 |
|
|
|
|
|
|
|
|
Cash&Deposit |
586.0 |
533.0 |
606.6 |
562.8 |
482.3 |
|
Note &Acct. Rcvbl. |
917.6 |
827.3 |
725.5 |
688.5 |
798.9 |
|
Marketable Securities |
155.6 |
152.9 |
148.4 |
141.2 |
127.3 |
|
Inventories - merch. & fini.
Goods |
44.6 |
46.2 |
43.8 |
41.9 |
34.9 |
|
Inventories - work-in-process |
57.3 |
119.2 |
106.8 |
111.5 |
88.3 |
|
Inventories - raw materials |
64.5 |
67.3 |
62.9 |
61.1 |
52.6 |
|
Deferred Taxes |
66.2 |
- |
- |
- |
52.0 |
|
Other Current Assets |
96.0 |
138.0 |
135.0 |
143.3 |
81.9 |
|
Allowance for doubtful accounts |
-4.3 |
-4.0 |
-3.1 |
-2.6 |
-3.3 |
|
Total Current Assets |
1,983.4 |
1,879.8 |
1,826.0 |
1,747.6 |
1,714.9 |
|
|
|
|
|
|
|
|
Buildings & structures, net |
174.0 |
181.2 |
179.7 |
171.4 |
165.0 |
|
Other, prop., plants, &
equip., net |
136.2 |
142.3 |
140.9 |
132.7 |
128.7 |
|
Goodwill |
46.8 |
51.7 |
54.0 |
56.9 |
57.5 |
|
Other intangible assets |
23.0 |
23.8 |
18.7 |
18.8 |
18.9 |
|
Investment Secs. |
151.2 |
158.8 |
142.6 |
136.8 |
162.8 |
|
Deferred Taxes |
19.1 |
- |
- |
- |
11.9 |
|
Other |
96.4 |
117.1 |
115.3 |
109.9 |
83.9 |
|
Allowance for doubtful accounts |
-5.9 |
-6.8 |
-6.5 |
-5.7 |
-5.6 |
|
Adjustment |
- |
0.0 |
- |
- |
0.0 |
|
Total Assets |
2,624.2 |
2,548.1 |
2,470.7 |
2,368.6 |
2,338.0 |
|
|
|
|
|
|
|
|
Note&Acct.Pay. |
409.6 |
379.0 |
354.2 |
374.3 |
374.4 |
|
Short Term Debt |
48.9 |
166.5 |
161.5 |
162.7 |
133.7 |
|
LT borrowings (current) |
18.9 |
- |
- |
- |
20.3 |
|
Lease Obligation |
0.8 |
- |
- |
- |
0.7 |
|
Income taxes payable |
70.1 |
9.5 |
7.8 |
3.9 |
39.0 |
|
Straight bonds (current) |
0.7 |
- |
- |
- |
0.5 |
|
Allowance Bonus |
96.7 |
50.9 |
73.8 |
35.3 |
83.7 |
|
Allowance Directors' Bonus |
1.2 |
0.7 |
1.0 |
0.5 |
0.9 |
|
Allowance for Product Warranty |
6.8 |
6.8 |
7.5 |
5.8 |
6.3 |
|
Reserve for received order losses |
4.9 |
4.8 |
4.0 |
4.6 |
3.4 |
|
Other |
131.4 |
185.8 |
157.6 |
188.9 |
128.5 |
|
Total Current Liabilities |
790.1 |
804.0 |
767.4 |
776.0 |
791.4 |
|
|
|
|
|
|
|
|
Straight Bonds |
0.0 |
0.0 |
0.4 |
0.4 |
0.6 |
|
Long Term Debt |
74.3 |
6.9 |
7.2 |
7.4 |
7.4 |
|
Lease Obligation |
1.5 |
- |
- |
- |
1.8 |
|
Total Long Term Debt |
75.8 |
6.9 |
7.6 |
7.8 |
9.8 |
|
|
|
|
|
|
|
|
Reserve for accrued retirement
benefit |
149.1 |
154.8 |
152.2 |
144.4 |
138.3 |
|
Allw-Dir.'s Ret |
2.7 |
2.7 |
2.5 |
2.3 |
2.1 |
|
Other |
21.5 |
23.6 |
23.5 |
22.9 |
12.9 |
|
Minority Int. |
21.2 |
20.5 |
19.5 |
18.1 |
17.2 |
|
Total Liabilities |
1,060.4 |
1,012.4 |
972.7 |
971.5 |
971.7 |
|
|
|
|
|
|
|
|
Common Stock |
127.0 |
129.7 |
126.0 |
118.9 |
112.6 |
|
Add. Paid-in Cap |
207.5 |
212.0 |
205.9 |
194.3 |
184.0 |
|
Retained earnings |
1,250.9 |
1,211.3 |
1,189.4 |
1,101.9 |
1,074.1 |
|
Treasury Stock |
-31.9 |
-32.6 |
-31.6 |
-29.9 |
-28.3 |
|
Unreal Gain Secs |
25.6 |
28.3 |
20.1 |
20.3 |
33.7 |
|
Deferred gains or losses on hedges |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Currency Trans. |
-15.3 |
-13.2 |
-11.8 |
-8.5 |
-9.9 |
|
Subscription rights to shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Equity |
1,563.8 |
1,535.7 |
1,498.0 |
1,397.1 |
1,366.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,624.1 |
2,548.1 |
2,470.7 |
2,368.6 |
2,338.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
Total Common Shares Outstanding |
73.9 |
73.9 |
73.9 |
73.9 |
73.9 |
|
T/S-Common Stock |
1.3 |
1.3 |
1.3 |
1.3 |
1.3 |
|
Full-Time Employees |
8,215 |
8,224 |
8,261 |
8,274 |
8,220 |
Annual Cash Flows
As Reported
Financials in: USD
(mil)
Except for share items
(millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Income Before Tax |
160.2 |
119.7 |
163.5 |
171.0 |
152.7 |
|
Depreciation |
52.0 |
51.1 |
44.8 |
38.4 |
33.3 |
|
Goodwill |
15.5 |
16.0 |
12.5 |
5.7 |
5.9 |
|
Allowance Doubtful Accounts |
0.1 |
-1.4 |
1.0 |
1.8 |
-1.7 |
|
Rrsrv-Accr.Retire |
-6.6 |
-3.5 |
-7.5 |
-16.4 |
-5.6 |
|
Retire Bens. Dirs. |
- |
- |
- |
- |
-0.2 |
|
Allowance Bonus |
2.3 |
-5.1 |
-6.5 |
1.7 |
4.8 |
|
Reserve for directors' bonuses |
0.2 |
0.2 |
-0.1 |
-0.1 |
0.8 |
|
Int.&Divid. Income |
-6.7 |
-4.5 |
-5.7 |
-4.9 |
-3.5 |
|
Interest Expenses |
1.8 |
2.2 |
2.5 |
2.4 |
1.8 |
|
Foreign Exchange |
3.8 |
0.7 |
0.0 |
0.3 |
-0.3 |
|
Gain Sale Fix. Asset |
- |
- |
0.0 |
-24.8 |
-3.3 |
|
L.Sale/Ret. F. Asset |
0.7 |
1.6 |
0.2 |
2.2 |
1.8 |
|
Gain Sale Invest. |
- |
- |
0.0 |
-2.4 |
-0.6 |
|
Loss/Sale Investment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Deval. Investment |
- |
- |
0.0 |
0.6 |
0.0 |
|
G/L on Sale/Val. Invest. |
-1.2 |
4.3 |
1.6 |
0.0 |
- |
|
L. Val. Golf Memb. |
- |
- |
- |
- |
0.0 |
|
Impairment loss |
2.8 |
9.0 |
1.6 |
27.2 |
0.0 |
|
Environmental expenses |
6.7 |
0.0 |
- |
- |
- |
|
Loss on adjustment for changes of
accoun |
3.1 |
0.0 |
- |
- |
- |
|
Loss on disaster |
1.8 |
0.0 |
- |
- |
- |
|
Directors Bonuses |
- |
- |
- |
0.0 |
-0.4 |
|
Accounts Receivable |
-18.8 |
2.9 |
106.5 |
32.6 |
-80.5 |
|
Inventories |
29.2 |
53.0 |
21.8 |
10.9 |
-26.7 |
|
Accounts Payable |
-10.6 |
-11.6 |
-60.9 |
-0.6 |
19.2 |
|
Other Assets |
-3.3 |
2.4 |
4.7 |
0.7 |
-3.2 |
|
Other Liabilities |
-14.4 |
-11.4 |
-1.0 |
-5.7 |
16.4 |
|
Int.&Divid Rcvd. |
6.7 |
4.7 |
5.6 |
5.0 |
3.4 |
|
Interest Paid |
-1.9 |
-2.4 |
-2.5 |
-2.4 |
-1.8 |
|
Income Tax Returned |
- |
- |
- |
- |
0.2 |
|
Payments for loss on disaster |
-0.6 |
0.0 |
- |
- |
- |
|
Income Tax Paid |
-45.1 |
-58.7 |
-69.5 |
-58.4 |
-48.1 |
|
Cash from Operating Activities |
177.6 |
169.1 |
212.7 |
184.5 |
64.3 |
|
|
|
|
|
|
|
|
Purch. Time Deposits |
-34.9 |
-14.1 |
-20.1 |
-8.7 |
-1.8 |
|
Sale Time Deposits |
33.1 |
12.9 |
17.7 |
2.8 |
0.2 |
|
Purch. Mrket Secs |
0.0 |
-89.8 |
-149.8 |
-25.7 |
0.0 |
|
Sale mkbl.secs. |
0.0 |
160.9 |
93.1 |
26.8 |
0.0 |
|
Purchase of trust rights |
-164.3 |
-127.9 |
-47.8 |
0.0 |
-27.3 |
|
Sale of trust rights |
161.0 |
121.7 |
8.2 |
0.0 |
27.7 |
|
Capital Expenditure |
-29.5 |
-31.2 |
-64.5 |
-39.4 |
-45.6 |
|
Sale Fixed Assets |
2.0 |
0.4 |
7.4 |
28.4 |
17.1 |
|
Purchase of intangible assets |
-7.9 |
-3.2 |
-5.2 |
-4.4 |
-3.2 |
|
Purch. Investment sec. |
-1.0 |
-0.3 |
-2.3 |
-0.4 |
-2.3 |
|
Sale Investment sec. |
14.7 |
0.1 |
0.9 |
3.2 |
1.9 |
|
Purchase Subsidiary Stock |
0.0 |
-8.0 |
0.0 |
- |
- |
|
Redemption Investment Securities |
- |
- |
0.0 |
13.6 |
0.9 |
|
Inv't Subsidiaries made |
-0.7 |
0.0 |
-0.9 |
0.0 |
- |
|
Purchase of affiliated securities |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Payments for transfer of business |
0.0 |
-0.6 |
0.0 |
- |
- |
|
Purch Binding Deposit |
- |
- |
- |
0.0 |
-2.0 |
|
Binding Deposit Proceeds |
- |
- |
- |
0.0 |
1.7 |
|
Purchase of consol.change
subsid.secs. |
- |
- |
- |
0.0 |
11.2 |
|
Other |
1.0 |
1.0 |
-2.0 |
-1.4 |
0.4 |
|
Cash from Investing Activities |
-26.5 |
21.1 |
-165.3 |
-5.3 |
-21.2 |
|
|
|
|
|
|
|
|
ST Debt Proceed |
13.5 |
7.7 |
15.4 |
15.6 |
20.8 |
|
ST Debt Reapy |
-111.6 |
-4.5 |
-16.8 |
-12.7 |
-20.4 |
|
LT Debt Proceeds |
82.3 |
5.5 |
2.0 |
0.9 |
0.0 |
|
LT Debt Payment |
-21.5 |
-28.6 |
-19.3 |
-16.6 |
-19.5 |
|
Bond redemption |
-0.6 |
-2.2 |
-1.1 |
-2.3 |
-0.5 |
|
Dividend Paid |
-53.8 |
-49.3 |
-44.9 |
-35.4 |
-34.6 |
|
Repayment of finance lease |
-0.9 |
-0.8 |
-0.4 |
0.0 |
- |
|
Divid .Minority |
-0.7 |
-0.6 |
-0.6 |
-0.1 |
-0.1 |
|
Purchase Treasury |
0.0 |
0.0 |
-19.8 |
-5.7 |
0.0 |
|
Sale Treasury |
0.0 |
0.0 |
0.2 |
0.0 |
- |
|
Cash from Financing Activities |
-93.4 |
-72.7 |
-85.3 |
-56.3 |
-54.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-5.4 |
0.7 |
-11.2 |
0.2 |
1.6 |
|
Net Change in Cash |
52.3 |
118.2 |
-49.1 |
123.1 |
-9.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
646.1 |
477.5 |
490.2 |
307.9 |
310.4 |
|
Net Cash - Ending Balance |
698.4 |
595.7 |
441.1 |
430.9 |
300.9 |
|
Cash Interest Paid |
1.9 |
2.4 |
2.5 |
2.4 |
1.8 |
|
Cash Taxes Paid |
45.1 |
58.7 |
69.5 |
58.4 |
47.9 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
92.941082 |
|
|
|
|
|
|
|
|
Net Income Before Tax |
160.2 |
58.2 |
30.7 |
-8.0 |
119.7 |
|
Depreciation |
52.0 |
37.7 |
24.0 |
11.3 |
51.1 |
|
Amort. of goodwill |
15.5 |
11.4 |
7.5 |
3.6 |
16.0 |
|
Allowance Doubtful Accounts |
0.1 |
0.4 |
-0.3 |
-1.2 |
-1.4 |
|
Rrsrv-Accr.Retire |
-6.6 |
-4.2 |
-2.3 |
-1.5 |
-3.5 |
|
Allowance Bonus |
2.3 |
-42.5 |
-18.6 |
-51.1 |
-5.1 |
|
Reserve for directors' bonuses |
0.2 |
-0.3 |
0.0 |
-0.4 |
0.2 |
|
Int.&Divid. Income |
-6.7 |
-6.3 |
-4.7 |
-2.2 |
-4.5 |
|
Interest Expenses |
1.8 |
1.4 |
1.0 |
0.5 |
2.2 |
|
Foreign Exchange G/L |
3.8 |
4.2 |
3.4 |
2.2 |
0.7 |
|
G/L.Sale/Ret. of PPE |
0.7 |
0.4 |
0.1 |
-0.2 |
1.6 |
|
G/L on Sale/Val. Invest. |
-1.2 |
-1.2 |
-1.4 |
-1.6 |
4.3 |
|
Impairment Loss |
2.8 |
2.7 |
2.6 |
0.3 |
9.0 |
|
Environmental expenses |
6.7 |
6.6 |
6.1 |
5.7 |
0.0 |
|
L on account. change for assets |
3.1 |
3.1 |
3.0 |
2.9 |
0.0 |
|
Loss on disaster |
1.8 |
- |
- |
- |
0.0 |
|
Accounts Receivable |
-18.8 |
85.4 |
156.8 |
149.7 |
2.9 |
|
Inventories |
29.2 |
-29.4 |
-16.6 |
-27.3 |
53.0 |
|
Accounts Payable |
-10.6 |
-47.9 |
-59.8 |
-20.7 |
-11.6 |
|
Other Assets |
-3.3 |
14.9 |
4.2 |
6.1 |
2.4 |
|
Other Liabilities |
-14.4 |
12.5 |
7.6 |
44.3 |
-11.4 |
|
Int.&Divid Rcvd. |
6.7 |
6.3 |
4.7 |
2.2 |
4.7 |
|
Interest Paid |
-1.9 |
-1.2 |
-1.0 |
-0.2 |
-2.4 |
|
Payments for loss on disaster |
-0.6 |
- |
- |
- |
0.0 |
|
Income Tax Paid |
-45.1 |
-45.1 |
-38.9 |
-36.8 |
-58.7 |
|
Increase in cash and cash
equivalents fr |
0.0 |
- |
- |
- |
- |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Cash from Operating Activities |
177.6 |
67.2 |
107.9 |
77.5 |
169.1 |
|
|
|
|
|
|
|
|
Purch. Time Deposits |
-34.9 |
-21.4 |
-13.1 |
-8.8 |
-14.1 |
|
Sale Time Deposits |
33.1 |
19.8 |
10.0 |
7.0 |
12.9 |
|
Purchase of marketable secs, |
0.0 |
0.0 |
0.0 |
0.0 |
-89.8 |
|
Sale of marketable secs. |
0.0 |
0.0 |
0.0 |
0.0 |
160.9 |
|
Purchase of trust beneficiary
right |
-164.3 |
-120.2 |
-76.9 |
-38.2 |
-127.9 |
|
Proceeds from sales of trust
beneficiary |
161.0 |
119.4 |
79.2 |
36.3 |
121.7 |
|
Capital Expenditure |
-29.5 |
-23.7 |
-13.1 |
-5.3 |
-31.2 |
|
Sale PPE |
2.0 |
2.0 |
1.8 |
1.7 |
0.4 |
|
Purchase of intangible assets |
-7.9 |
-1.2 |
-0.9 |
-0.4 |
-3.2 |
|
Purchase of Investment Securities |
-1.0 |
-0.9 |
-0.8 |
-0.1 |
-0.3 |
|
Sale of Investment Securities |
14.7 |
13.8 |
13.0 |
11.8 |
0.1 |
|
Purchase Subsidiary Stock |
0.0 |
- |
- |
- |
-8.0 |
|
Purchase of investments in
subsidiaries |
- |
0.0 |
- |
- |
0.0 |
|
Purchase of investments in subsidiaries |
- |
- |
0.0 |
0.0 |
- |
|
Inv't Subsidiaries made |
-0.7 |
-0.7 |
-0.7 |
- |
0.0 |
|
Purchase of affiliated securities |
0.0 |
- |
- |
- |
-0.7 |
|
Payments for transfer of business |
0.0 |
0.0 |
- |
- |
-0.6 |
|
Other |
1.0 |
-0.2 |
0.3 |
0.0 |
1.0 |
|
Cash from Investing Activities |
-26.5 |
-13.3 |
-1.0 |
4.0 |
21.1 |
|
|
|
|
|
|
|
|
ST Debt Proceed |
13.5 |
9.5 |
6.3 |
3.0 |
7.7 |
|
ST Debt Reapy |
-111.6 |
-9.3 |
-6.2 |
-2.6 |
-4.5 |
|
Proceeds from long-term loans
payable |
82.3 |
0.0 |
0.0 |
0.0 |
5.5 |
|
LT Debt Payment |
-21.5 |
-11.1 |
-10.4 |
-0.4 |
-28.6 |
|
Bond redemption |
-0.6 |
-0.6 |
-0.3 |
-0.3 |
-2.2 |
|
Dividend Paid |
-53.8 |
-53.0 |
-25.7 |
-24.1 |
-49.3 |
|
Repayment of finance lease |
-0.9 |
-0.6 |
-0.4 |
-0.2 |
-0.8 |
|
Divid .Minority |
-0.7 |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
|
Purchase Treasury |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Treasury stock sold |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Cash from Financing Activities |
-93.4 |
-65.7 |
-37.4 |
-25.2 |
-72.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-5.4 |
-4.2 |
-3.1 |
-0.2 |
0.7 |
|
Net Change in Cash |
52.3 |
-16.0 |
66.5 |
56.2 |
118.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
646.1 |
637.7 |
622.3 |
601.2 |
477.5 |
|
Net Cash - Ending Balance |
698.4 |
621.7 |
688.8 |
657.4 |
595.7 |
|
Cash Interest Paid |
1.9 |
1.2 |
1.0 |
0.2 |
2.4 |
|
Cash Taxes Paid |
45.1 |
45.1 |
38.9 |
36.8 |
58.7 |
Business Segments
Financials in: As
Reported (mil)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments
Financials in: As Reported (mil)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
|
UK Pound |
1 |
Rs.72.86 |
|
Euro |
1 |
Rs.63.11 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.