MIRA INFORM REPORT
|
Report Date : |
18.08.2011 |
IDENTIFICATION DETAILS
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Name : |
PARAMOUNT BED CO., LTD. |
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Registered Office : |
2-14-5 Higashisuna, Kouto-ku, 136-8670 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
25.05.1987 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
manufacture and sale
of beds for medical and welfare uses |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
PARAMOUNT BED CO.,
LTD.
2-14-5 Higashisuna
Kouto-ku, 136-8670
Japan
Tel: 81-3-36481111
Fax: 81 (3) 3648-2961
Web: www.paramount.co.jp
Synthesis
Employees: 1,915
Company Type: Public Parent
Corporate Family: 2
Companies
Traded: Tokyo
Stock Exchange: 7960
Incorporation Date:
25-May-1987
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: Japanese
Yen
Annual Sales: 617.0
1
Net Income: 28.7
Total Assets: 1,074.1 2
Market Value: 898.9
(05-Aug-2011)
Business Description
PARAMOUNT BED CO.,
LTD. is principally engaged in the manufacture and sale of beds for medical and
welfare uses. The Company is engaged in the manufacture and sale of beds for
medical and welfare uses, mattresses, hospital room furnitures and medical
fixtures. In addition, the Company involves in the provision of inspection,
repair, sterilization and maintenance lease services for beds and mattresses,
as well as the non-life insurance agency business. As of March 31, 2011, the
Company had ten subsidiaries and two associated companies. For the fiscal year
ended 31 March 2011, PARAMOUNT BED CO., LTD.'s revenues increased 16% to
Y52.87B. The Company's net income increased 12% to Y2.46B. Revenues reflect
higher sales due to favorable economic environment. Net income was partially
offset by the presence of foreign exchange loss and loss on valuation of long
term investment securities, as well as the presence of loss on disaster.
Industry
Industry Scientific and Technical
Instruments
ANZSIC 2006: 2419 - Other
Professional and Scientific Equipment Manufacturing
NACE 2002: 3320 - Manufacture
of instruments and appliances for measuring, checking, testing, navigating
and other
purposes, except industrial process control equipment
NAICS 2002: 339111 -
Laboratory Apparatus and Furniture Manufacturing
UK SIC 2003: 3320 - Manufacture
of instruments and appliances for measuring, checking, testing, navigating
and other
purposes, except industrial process control equipment
US SIC 1987: 3821 - Laboratory
Apparatus and Furniture
Key Executives
|
Name |
Title |
|
Kyosuke Kimura |
President, Chairman of Subsidiary,
Representative Director |
|
Izumi Sato |
Chief Director of Sales, Director |
|
Ikuo Sakamoto |
Chief Dir of Technology, Director |
|
Yasunobu Furutani |
Co-Auditor |
|
Yasushi Kuramoto |
Standing Corporate Auditor |
Significant Developments
|
Topic |
#* |
Most Recent
Headline |
|
Mergers / Acquisitions |
1 |
Paramount Bed Co., Ltd. to Conduct Stock
Swap with Tokyo-based Company |
|
Positive Earnings Pre-Announcement |
1 |
Paramount Bed Co., Ltd. Nippon Yusen
Kabushiki Kaisha Raises Consolidated Mid-year and Full-year Outlook for FY
Ending March 2011 |
|
Dividends |
1 |
Paramount Bed Co., Ltd. Raises Year-end
Dividend Forecast for FY Ending March 2011 |
* number of significant developments within the last 12 months
news
|
Title |
Date |
|
Paramount
Bed 1Q Grp Net Pft Y1.84B Vs Y588.00M Pft Yr Earlier |
4-Aug-2011 |
|
Research
and Markets: Hospital Supplies Market Outlook in Japan to 2017 - Available
Now! |
23-May-2011 |
|
Paramount
Bed FY Grp Net Pft Y2.46B Vs Y2.20B Pft Yr Earlier |
12-May-2011 |
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Paramount
Bed Expects This FY Group Net Profit Y3.90B |
12-May-2011 |
|
Paramount,
Maruzen Profiting From Nursing Home Rush |
28-Feb-2011 |
Financial Summary
As
of 30-Jun-2011
|
Key Ratios |
Company |
Industry |
|
Current Ratio (MRQ) |
2.87 |
2.15 |
|
Quick Ratio (MRQ) |
2.50 |
1.49 |
|
Debt to Equity (MRQ) |
0.11 |
0.39 |
|
Sales 5 Year Growth |
0.72 |
12.74 |
|
Net Profit Margin (TTM) % |
6.60 |
11.13 |
|
Return on Assets (TTM) % |
4.34 |
8.07 |
|
Return on Equity (TTM) % |
5.74 |
16.21 |
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
2-14-5 Higashisuna
Kouto-ku, 136-8670
Japan
Tel: 81-3-36481111
Fax: 81 (3) 3648-2961
Web: www.paramount.co.jp
Quote Symbol - Exchange
7960 - Tokyo Stock
Exchange
Sales JPY(mil): 52,873.0
Assets JPY(mil): 89,023.0
Employees: 1,915
Fiscal Year End: 31-Mar-2011
Industry: Scientific
and Technical Instruments
Incorporation Date: 25-May-1987
Company Type: Public
Parent
Quoted Status: Quoted
President, Chairman
of Subsidiary,
Representative Director: Kyosuke
Kimura
Company Web Links
Corporate History/Profile
Financial Information
Home Page
Investor Relations
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Shareholders
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
6639 - Other Goods and Equipment Rental and Hiring Not Elsewhere
Classified
2519 - Other Furniture Manufacturing
6420 - Auxiliary Insurance Services
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
6720 - Activities auxiliary to insurance and pension funding
7487 - Other business activities not elsewhere classified
7134 - Renting of other machinery and equipment not elsewhere
classified
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
3614 - Manufacture of other furniture
NAICS 2002 Codes:
524210 - Insurance Agencies and Brokerages
339111 - Laboratory Apparatus and Furniture Manufacturing
337127 - Institutional Furniture Manufacturing
532291 - Home Health Equipment Rental
561990 - All Other Support Services
US SIC 1987:
7352 - Medical Equipment Rental and Leasing
2599 - Furniture and Fixtures, Not Elsewhere Classified
7389 - Business Services, Not Elsewhere Classified
3821 - Laboratory Apparatus and Furniture
6411 - Insurance Agents, Brokers, and Service
UK SIC 2003:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
7487 - Other business activities not elsewhere classified
6720 - Activities auxiliary to insurance and pension funding
7134 - Renting of other machinery and equipment not elsewhere
classified
3614 - Manufacture of other furniture
Business
Description
PARAMOUNT BED CO.,
LTD. is principally engaged in the manufacture and sale of beds for medical and
welfare uses. The Company is engaged in the manufacture and sale of beds for
medical and welfare uses, mattresses, hospital room furnitures and medical
fixtures. In addition, the Company involves in the provision of inspection,
repair, sterilization and maintenance lease services for beds and mattresses,
as well as the non-life insurance agency business. As of March 31, 2011, the
Company had ten subsidiaries and two associated companies. For the fiscal year
ended 31 March 2011, PARAMOUNT BED CO., LTD.'s revenues increased 16% to
Y52.87B. The Company's net income increased 12% to Y2.46B. Revenues reflect
higher sales due to favorable economic environment. Net income was partially
offset by the presence of foreign exchange loss and loss on valuation of long
term investment securities, as well as the presence of loss on disaster.
More Business
Descriptions
Manufacture of beds and other furniture for medical use
Establishments
primarily engaged in manufacturing miscellaneous fabricated products, including
beauty shop and barber shop equipment; hair work; tobacco pipes and cigarette
holders; coin-operated amusement machines; matches; candles; lamp shades;
feathers; artificial trees and flowers made from all materials, except glass;
dressed and dyed furs; umbrellas, parasols, and canes; and other articles, not
elsewhere classified.
Household and
Institutional Furniture Manufacturing
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Shareholders
Major Shareholders
Kimura Kosan (21.7%); Kenji Kimura (9.1%); Japan Trustee Service Bank,
Ltd (6.5%); The Master Trust Bank of Japan, Ltd (5.1%); Kyosuke Kimura (5%)
Key Corporate
Relationships
Auditor: Deloitte & Touche LLP
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Corporate Family |
Corporate Structure News: |
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Total Corporate Family Members: 2 |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Kouto-ku |
Japan |
Scientific and Technical Instruments |
617.0 |
1,915 |
|
|
|
Subsidiary |
Cibitung, West Java |
Indonesia |
Miscellaneous Capital Goods |
8.0 |
200 |
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Executive report
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Board of
Directors |
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Chairman of the Board, Representative Director |
Chairman |
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Managing Director, Chief Director of Business Strategy |
Director/Board Member |
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Executive Director |
Director/Board Member |
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President, Chairman of Subsidiary, Representative Director |
Director/Board Member |
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Senior Managing Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Chief Dir of Technology, Director |
Director/Board Member |
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Chief Director of Sales, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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President, Chairman of Subsidiary, Representative Director |
President |
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Managing Director, Chief Director of Business Strategy |
Managing Director |
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Senior Managing Director |
Managing Director |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Standing Corporate Auditor |
Accounting Executive |
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Chief Director of Sales, Director |
Sales Executive |
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Chief Dir of Technology, Director |
Engineering/Technical Executive |
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Paramount Bed 1Q
Grp Net Pft Y1.84B Vs Y588.00M Pft Yr Earlier
Nikkei English
News: 04 August 2011
[What follows is
the full text of the news story.]
Paramount Bed Co. (7960.TO)
Japan
1st Quarter Ended June 30
GROUP 2011 2010
Revenue Y16.49 blnY12.64 bln
Operating Profit 2.99 bln 1.63 bln
Pretax Profit 3.13 bln 1.45 bln
Net Profit 1.84 bln 588.00 mln
Per share
Earnings 60.32 19.34
Diluted earnings 60.07 19.30
Results are based on Japanese accounting standards.
Research and
Markets: Hospital Supplies Market Outlook in Japan to 2017 - Available Now!
Business Wire: 23
May 2011
[What follows is
the full text of the news story.]
DUBLIN--(BUSINESS WIRE)-- Research and Markets
(http://www.researchandmarkets.com/research/c2ae31/hospital_supplies) has
announced the addition of GlobalData's new report "Hospital Supplies
Market Outlook in Japan to 2017 - Disposable Hospital Supplies, Sterilization
and Disinfectant Equipment, Syringes and Needles and Others" to their
offering.
report, Hospital Supplies Market Outlook in Japan to 2017 - Disposable
Hospital Supplies, Sterilization and Disinfectant Equipment, Syringes and
Needles and Others provides key market data on the Japan Hospital Supplies
market. The report provides value (USD million), volume (units) and average
price (USD) data for each segment and sub-segment within six market categories
- Disposable Hospital Supplies, Mobility Aids and Transportation Equipment,
Operating Room Equipment, Patient Examination Devices, Sterilization and
Disinfectant Equipment and Syringes and Needles. The report also provides
company shares and distribution shares data for each of the aforementioned
market categories. The report is supplemented with global corporate-level
profiles of the key market participants with information on company financials
and pipeline products, wherever available.
This report is built using data and information sourced from proprietary
databases, primary and secondary research and in-house analysis by a team of
industry experts.
Scope
Market size and
company share data for Hospital Supplies market categories - Disposable
Hospital Supplies, Mobility Aids and Transportation Equipment, Operating Room
Equipment, Patient Examination Devices, Sterilization and Disinfectant
Equipment and Syringes and Needles.
Annualized market
revenues (USD million), volume (units) and average price (USD) data for each of
the segments and sub-segments within six market categories. Data from 2003 to
2010, forecast forward for 7 years to 2017.
2010 company
shares and distribution shares data for each of the six market categories.
Global
corporate-level profiles of key companies operating within the Japan Hospital
Supplies market.
Key players
covered include 3M Health Care, Cardinal Health, Inc., Becton, Dickinson and
Company, Terumo Corporation, B. Braun Melsungen AG, Sakura SI Co.,Ltd and
others.
Companies
Mentioned:
3M Health Care
Cardinal Health, Inc.
Becton, Dickinson and Company
Terumo Corporation
B. Braun Melsungen AG
NIPRO CORPORATION
Medline Industries, Inc.
Covidien plc
Kimberly-Clark Corporation
Paramount Bed Co Ltd
Stryker Corporation
Getinge AB
Boston Scientific Corporation
Molnlycke Health Care AB
Sunrise Medical, Inc.
Lifelong Meditech Ltd
Advanced Sterilization Products Services Inc.
Invacare Corporation
Smiths Medical
STERIS Corporation
BERCHTOLD GmbH & Co. KG
Omron Healthcare, Inc.
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Paramount Bed FY
Grp Net Pft Y2.46B Vs Y2.20B Pft Yr Earlier
Nikkei English
News: 12 May 2011
[What follows is
the full text of the news story.]
Paramount Bed Co. (7960.TO)
Japan
Year Ended March 31
Group 2011 2010
Revenue Y52.87 blnY45.60 bln
Operating Profit 6.56 bln 4.75 bln
Pretax Profit 5.94 bln 4.62 bln
Net Profit 2.46 bln 2.20 bln
Per share
Earnings 80.58 72.18
Diluted earnings 80.29 72.04
Results are based on Japanese accounting standards.
Paramount Bed
Expects This FY Group Net Profit Y3.90B
Nikkei English
News: 12 May 2011
[What follows is
the full text of the news story.]
Paramount Bed Co. also released the following forecasts:
GROUP 1st Half To Year Ending
Sep 2011Mar 2012
Revenue Y28.00 blnY58.00 bln
Operating Profit 3.20 bln 7.20 bln
Pretax Profit 3.10 bln 7.20 bln
Net Profit 1.70 bln 3.90 bln
Per share
Earnings 55.80 128.00
Results are based on Japanese accounting standards.
Paramount, Maruzen
Profiting From Nursing Home Rush
Nikkei English News: 28 February 2011
[What follows is the full text of the news story.]
TOKYO
(Nikkei)--Paramount Bed Co. (7960) and commercial kitchen equipment
manufacturer Maruzen Co. (5982) are enjoying a boost in their earnings from an
increase in private nursing homes and other facilities for the elderly.
Paramount Bed, the
leading domestic manufacturer of beds for this age group, is expected to log a
consolidated operating profit of about 7 billion yen for the current fiscal
year to March, up about 50% from last year. An earlier projection called for a
6.2 billion yen operating profit.
The firm's sales
will likely climb about 10% to roughly 51 billion yen, topping its forecast by
1 billion yen. On a parent-only basis, bed sales are seen growing nearly 20% to
slightly more than 160,000 units, beating the target by about 10,000. Of these,
shipments of beds for nursing homes are expected to surge about 50% to more
than 40,000.
Maruzen is
expected to report a 15% rise in operating profit to about 2.5 billion yen for
the fiscal year to February, compared with an earlier projection of 2.2 billion
yen. Overall sales likely grew 5% to nearly 36 billion yen, topping the
forecast of 34.8 billion yen, with sales of equipment for use in nursing home
cafeterias apparently up nearly 20% to around 3 billion yen. Profitability is
believed to have improved because many of the products shipped to nursing homes
were developed in-house.
(The Nikkei March
1 morning edition)
JAPAN-BASED PARAMOUNT TO BOOST MEDICAL BED OUTPUT
50%
Asia Pulse Businesswire: 24 February 2011
[What follows is the full text of the news story.]
TOKYO, Feb 24Asia
Pulse - Japan'sParamount Bed Co. (TSE:7960) plans to increase production of
medical and nursing care beds by 50 per cent to 15,000 units a month starting
in March to keep pace with rising demand.
The company will
assign 60 new temporary workers to its Chiba plant, bringing the workforce
there to 150 regular full-time employees and 140 temporary workers. It will
also switch to two shifts a day through May, doubling the facility's daily
operating time to 16 hours.
From April to
December 2010, Paramount Bed sold 26,000 nursing care beds to nursing homes and
similar facilities, a 70 per cent jump from the same period a year earlier. The
increase was attributed to a rebound in capital spending by hospitals as a
result of the first rise in payments for medical services in a decade.
The company is
targeting 50 billion yen (US$607 million) in group sales in the year ending
next month. With the Land and Welfare ministries seeking to establish more
elderly care homes with nursing services, demand for beds is expected to
continue growing.
(Nikkei) cg
24-02 1453
Japanese bed maker
Paramount plans boost in production
Asia In Focus: 24
February 2011
[What follows is
the full text of the news story.]
TOKYO, Feb 24 Asia
in Focus - Japan'sPARAMOUNT BED CO. (TSE:7960) plans to increase production of
medical and nursing care beds by 50 per cent to 15,000 units a month starting
in March to keep pace with rising demand. The company will assign 60 new
temporary workers to its Chiba plant, bringing the workforce there to 150
regular full-time employees and 140 temporary workers.
* It will also
switch to two shifts a day through May, doubling the facility's daily operating
time to 16 hours.
* The company is
targeting 50 billion yen (US$607 million) in group sales in the year ending
next month.
ASIA IN FOCUS ms
24-02 1642
Paramount To Boost
Medical Bed Output 50%
Nikkei English
News: 23 February 2011
[What follows is
the full text of the news story.]
TOKYO
(Nikkei)--Paramount Bed Co. (7960) plans to increase production of medical and
nursing care beds by 50% to 15,000 units a month starting in March to keep pace
with rising demand.
The company will
assign 60 new temporary workers to its Chiba plant, bringing the workforce
there to 150 regular full-time employees and 140 temporary workers. It will
also switch to two shifts a day through May, doubling the facility's daily
operating time to 16 hours.
From April to
December 2010, Paramount Bed sold 26,000 nursing care beds to nursing homes and
similar facilities, a 70% jump from the same period a year earlier. The
increase was attributed to a rebound in capital spending by hospitals as a
result of the first rise in payments for medical services in a decade.
The company is
targeting 50 billion yen in group sales in the year ending next month. With the
Land and Welfare ministries seeking to establish more elderly care homes with
nursing services, demand for beds is expected to continue growing.
(The Nikkei
Business DailyFeb. 24 edition)
Paramount Bed Lifts FY Dividend Plan To Y35.00
Nikkei English
News: 04 February 2011
[What follows is
the full text of the news story.]
Paramount Bed Co. (7960.TO)
GROUP Latest Revision Previous
For Year To Mar 2011 Plan
Year-end 20.00 15.00
Annual 35.00 30.00
Results are based on Japanese accounting standards.
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/access/al?rnd=tT450hYrZhMSpDcFRcx63Q%3D%3D. You can
use this link on the day this article is published and the following day.
Paramount Bed
Expects This FY Group Net Profit Y3.20B
Nikkei English
News: 04 February 2011
[What follows is
the full text of the news story.]
Paramount Bed Co. also released the following forecasts:
GROUP Year Ending
Mar 2011
Revenue Y50.00 bln
Operating Profit 6.20 bln
Pretax Profit 5.70 bln
Net Profit 3.20 bln
Per share
Earnings 105.08
Results are based on Japanese accounting standards.
Click here to go
to Dow Jones NewsPlus, a web front page of today's most important business and
market news, analysis and commentary:
http://www.djnewsplus.com/access/al?rnd=tT450hYrZhMSpDcFRcx63Q%3D%3D. You can
use this link on the day this article is published and the following day.
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
Revenue |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
Total Revenue |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
351.4 |
288.4 |
252.9 |
234.1 |
204.9 |
|
Cost of Revenue, Total |
351.4 |
288.4 |
252.9 |
234.1 |
204.9 |
|
Gross Profit |
265.6 |
202.2 |
143.3 |
119.7 |
102.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
141.3 |
109.9 |
93.3 |
82.0 |
46.7 |
|
Labor & Related Expense |
47.8 |
41.1 |
33.1 |
27.3 |
31.0 |
|
Advertising Expense |
- |
- |
- |
- |
5.7 |
|
Total Selling/General/Administrative Expenses |
189.1 |
151.1 |
126.4 |
109.3 |
83.4 |
|
Research & Development |
- |
- |
- |
- |
8.8 |
|
Depreciation |
- |
- |
0.0 |
0.2 |
6.5 |
|
Depreciation/Amortization |
- |
- |
0.0 |
0.2 |
6.5 |
|
Restructuring Charge |
1.7 |
3.2 |
0.0 |
1.0 |
0.0 |
|
Impairment-Assets Held for Use |
- |
0.0 |
7.2 |
0.8 |
6.8 |
|
Impairment-Assets Held for Sale |
1.6 |
0.0 |
3.2 |
0.4 |
0.0 |
|
Other Unusual Expense (Income) |
4.4 |
0.0 |
0.0 |
0.3 |
33.5 |
|
Unusual Expense (Income) |
7.7 |
3.2 |
10.4 |
2.5 |
40.3 |
|
Total Operating Expense |
548.2 |
442.7 |
389.7 |
346.2 |
343.9 |
|
|
|
|
|
|
|
|
Operating Income |
68.8 |
47.9 |
6.6 |
7.6 |
-36.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
0.0 |
|
Interest Expense, Net Non-Operating |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
0.0 |
|
Interest Income -
Non-Operating |
1.1 |
1.1 |
1.3 |
1.4 |
0.9 |
|
Investment Income -
Non-Operating |
-8.1 |
-1.0 |
-2.2 |
1.5 |
17.4 |
|
Interest/Investment Income - Non-Operating |
-7.0 |
0.0 |
-0.8 |
2.9 |
18.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-9.3 |
-2.2 |
-3.3 |
2.4 |
18.3 |
|
Gain (Loss) on Sale of Assets |
0.2 |
-0.9 |
-0.9 |
-0.9 |
-2.7 |
|
Other Non-Operating Income (Expense) |
0.6 |
0.9 |
0.6 |
1.6 |
0.9 |
|
Other, Net |
0.6 |
0.9 |
0.6 |
1.6 |
0.9 |
|
Income Before Tax |
60.3 |
45.8 |
3.0 |
10.7 |
-20.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
31.2 |
21.4 |
7.4 |
5.5 |
-2.5 |
|
Income After Tax |
29.2 |
24.4 |
-4.5 |
5.2 |
-17.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.5 |
-0.7 |
-0.3 |
-0.1 |
0.3 |
|
Net Income Before Extraord Items |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Net Income |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Basic EPS Excl Extraord Items |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Basic/Primary EPS Incl Extraord Items |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Diluted Weighted Average Shares |
30.6 |
30.5 |
30.4 |
30.4 |
30.4 |
|
Diluted EPS Excl Extraord Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
Diluted EPS Incl Extraord Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
Dividends per Share - Common Stock Primary Issue |
0.41 |
0.38 |
0.30 |
0.26 |
0.43 |
|
Gross Dividends - Common Stock |
12.4 |
11.4 |
9.1 |
8.0 |
13.0 |
|
Interest Expense, Supplemental |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Depreciation, Supplemental |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Total Special Items |
9.7 |
5.8 |
13.9 |
5.5 |
42.9 |
|
Normalized Income Before Tax |
70.0 |
51.6 |
16.9 |
16.3 |
22.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
3.9 |
1.9 |
4.0 |
1.7 |
15.0 |
|
Inc Tax Ex Impact of Sp Items |
35.0 |
23.3 |
11.4 |
7.2 |
12.6 |
|
Normalized Income After Tax |
35.0 |
28.3 |
5.5 |
9.0 |
10.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.5 |
27.5 |
5.2 |
8.9 |
10.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Diluted Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Amort of Acquisition Costs, Supplemental |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Advertising Expense, Supplemental |
- |
- |
- |
- |
5.7 |
|
Research & Development Exp, Supplemental |
11.7 |
8.2 |
9.1 |
8.8 |
8.8 |
|
Reported Operating Profit |
76.5 |
51.1 |
18.3 |
13.9 |
7.2 |
|
Reported Ordinary Profit |
69.3 |
49.7 |
10.4 |
16.0 |
25.2 |
|
Normalized EBIT |
76.5 |
51.2 |
17.0 |
10.2 |
3.6 |
|
Normalized EBITDA |
121.5 |
86.6 |
52.3 |
28.9 |
19.2 |
|
Interest Cost - Domestic |
0.6 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Service Cost - Domestic |
2.7 |
2.5 |
2.0 |
1.8 |
1.6 |
|
Prior Service Cost - Domestic |
1.5 |
1.4 |
1.3 |
1.1 |
1.1 |
|
Expected Return on Assets - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.6 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Other Pension, Net - Domestic |
2.9 |
2.5 |
2.1 |
1.6 |
34.9 |
|
Domestic Pension Plan Expense |
8.3 |
7.3 |
6.4 |
5.5 |
38.5 |
|
Defined Contribution Expense - Domestic |
1.1 |
1.0 |
1.0 |
0.8 |
1.0 |
|
Total Pension Expense |
9.4 |
8.4 |
7.4 |
6.3 |
39.5 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Total Plan Interest Cost |
0.6 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Total Plan Service Cost |
2.7 |
2.5 |
2.0 |
1.8 |
1.6 |
|
Total Plan Expected Return |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Plan Other Expense |
2.9 |
2.5 |
2.1 |
1.6 |
34.9 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
135.4 |
148.5 |
149.1 |
115.6 |
61.1 |
|
Short Term Investments |
96.5 |
91.6 |
46.3 |
61.2 |
76.7 |
|
Cash and Short Term Investments |
231.9 |
240.1 |
195.4 |
176.8 |
137.9 |
|
Accounts Receivable -
Trade, Gross |
186.8 |
137.6 |
121.0 |
143.7 |
123.0 |
|
Provision for Doubtful
Accounts |
-1.0 |
-0.7 |
-0.5 |
-0.6 |
0.0 |
|
Trade Accounts Receivable - Net |
185.9 |
136.9 |
120.4 |
143.1 |
123.0 |
|
Total Receivables, Net |
185.9 |
136.9 |
120.4 |
143.1 |
123.0 |
|
Inventories - Finished Goods |
44.7 |
32.9 |
35.3 |
25.7 |
- |
|
Inventories - Work In Progress |
3.8 |
2.4 |
2.5 |
1.7 |
- |
|
Inventories - Raw Materials |
16.1 |
13.1 |
12.8 |
10.4 |
- |
|
Total Inventory |
64.6 |
48.5 |
50.6 |
37.8 |
40.0 |
|
Deferred Income Tax - Current Asset |
10.9 |
8.9 |
5.4 |
6.7 |
3.0 |
|
Other Current Assets |
30.2 |
23.1 |
20.8 |
5.5 |
8.1 |
|
Other Current Assets, Total |
41.1 |
31.9 |
26.3 |
12.2 |
11.1 |
|
Total Current Assets |
523.4 |
457.4 |
392.7 |
370.0 |
312.0 |
|
|
|
|
|
|
|
|
Buildings |
301.8 |
263.3 |
247.6 |
246.6 |
204.1 |
|
Land/Improvements |
102.6 |
87.4 |
82.7 |
82.3 |
68.5 |
|
Machinery/Equipment |
84.6 |
77.5 |
77.9 |
79.7 |
58.8 |
|
Construction in
Progress |
0.7 |
2.0 |
0.8 |
1.2 |
0.1 |
|
Leases |
132.6 |
85.0 |
54.4 |
- |
- |
|
Other
Property/Plant/Equipment |
87.8 |
73.7 |
67.4 |
68.8 |
55.5 |
|
Property/Plant/Equipment - Gross |
710.1 |
588.8 |
530.7 |
478.6 |
386.9 |
|
Accumulated Depreciation |
-370.0 |
-304.8 |
-271.6 |
-248.7 |
-202.7 |
|
Property/Plant/Equipment - Net |
340.1 |
284.0 |
259.2 |
229.9 |
184.2 |
|
Goodwill, Net |
5.5 |
5.3 |
6.1 |
12.8 |
7.6 |
|
Intangibles, Net |
22.8 |
23.0 |
20.9 |
23.6 |
18.6 |
|
LT Investments - Other |
118.2 |
92.8 |
84.8 |
113.8 |
94.9 |
|
Long Term Investments |
118.2 |
92.8 |
84.8 |
113.8 |
94.9 |
|
Deferred Income Tax - Long Term Asset |
23.2 |
16.5 |
13.1 |
5.9 |
6.3 |
|
Other Long Term Assets |
40.8 |
36.9 |
32.0 |
29.6 |
23.9 |
|
Other Long Term Assets, Total |
64.0 |
53.4 |
45.1 |
35.5 |
30.2 |
|
Total Assets |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
78.6 |
54.1 |
51.5 |
56.8 |
48.8 |
|
Accrued Expenses |
13.9 |
10.3 |
6.6 |
6.3 |
4.7 |
|
Notes Payable/Short Term Debt |
8.4 |
6.5 |
7.5 |
10.7 |
0.0 |
|
Current Portion - Long Term Debt/Capital Leases |
24.2 |
18.9 |
13.7 |
0.4 |
- |
|
Income Taxes Payable |
24.2 |
24.3 |
6.9 |
2.5 |
0.3 |
|
Other Current Liabilities |
39.5 |
32.9 |
24.3 |
36.5 |
22.4 |
|
Other Current liabilities, Total |
63.7 |
57.3 |
31.2 |
39.0 |
22.7 |
|
Total Current Liabilities |
188.7 |
147.1 |
110.5 |
113.2 |
76.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.5 |
2.7 |
0.3 |
0.7 |
0.2 |
|
Capital Lease Obligations |
56.9 |
53.1 |
42.9 |
0.0 |
- |
|
Total Long Term Debt |
58.4 |
55.7 |
43.2 |
0.7 |
0.2 |
|
Total Debt |
91.0 |
81.1 |
64.4 |
11.7 |
0.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
- |
- |
- |
- |
0.0 |
|
Deferred Income Tax |
- |
- |
- |
- |
0.0 |
|
Minority Interest |
1.8 |
1.3 |
1.7 |
1.5 |
0.8 |
|
Reserves |
0.6 |
0.5 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
30.2 |
22.7 |
17.5 |
13.8 |
8.4 |
|
Other Long Term Liabilities |
11.8 |
12.8 |
12.0 |
14.1 |
8.1 |
|
Other Liabilities, Total |
42.5 |
36.0 |
29.5 |
27.9 |
16.5 |
|
Total Liabilities |
291.5 |
240.0 |
184.9 |
143.2 |
93.7 |
|
|
|
|
|
|
|
|
Common Stock |
79.5 |
70.5 |
66.7 |
66.2 |
55.8 |
|
Common Stock |
79.5 |
70.5 |
66.7 |
66.2 |
55.8 |
|
Additional Paid-In Capital |
88.9 |
78.3 |
73.7 |
73.1 |
61.6 |
|
Retained Earnings (Accumulated Deficit) |
654.4 |
565.6 |
523.1 |
534.0 |
455.5 |
|
Treasury Stock - Common |
-39.5 |
-36.2 |
-35.8 |
-35.5 |
-29.9 |
|
Unrealized Gain (Loss) |
-0.3 |
-1.3 |
-3.3 |
4.5 |
9.6 |
|
Translation Adjustment |
-0.3 |
-1.1 |
-0.4 |
0.0 |
1.4 |
|
Other Equity, Total |
-0.3 |
-1.1 |
-0.4 |
0.0 |
1.4 |
|
Total Equity |
782.6 |
675.8 |
623.9 |
642.3 |
554.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Total Common Shares Outstanding |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Treasury Shares - Common Stock Primary Issue |
1.2 |
1.2 |
1.3 |
1.3 |
0.0 |
|
Employees |
1,915 |
1,697 |
1,487 |
1,438 |
1,246 |
|
Number of Common Shareholders |
13,349 |
14,352 |
15,172 |
16,217 |
17,082 |
|
Total Long Term Debt, Supplemental |
1.6 |
2.8 |
0.4 |
1.1 |
0.4 |
|
Long Term Debt Maturing within 1 Year |
0.1 |
0.1 |
0.1 |
0.4 |
0.2 |
|
Long Term Debt Maturing in Year 2 |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Long Term Debt Maturing in Year 3 |
0.0 |
0.1 |
0.1 |
0.2 |
0.0 |
|
Long Term Debt Maturing in Year 4 |
1.4 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
0.0 |
2.5 |
0.0 |
0.1 |
- |
|
Long Term Debt Maturing in 2-3 Years |
0.1 |
0.2 |
0.2 |
0.4 |
0.2 |
|
Long Term Debt Maturing in 4-5 Years |
1.4 |
2.5 |
0.1 |
0.2 |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
81.0 |
71.9 |
56.5 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
24.1 |
18.8 |
13.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
20.4 |
17.5 |
14.5 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
16.4 |
15.3 |
13.0 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
12.9 |
11.6 |
9.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
6.5 |
8.1 |
5.5 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
36.8 |
32.8 |
27.5 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
19.4 |
19.6 |
14.8 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.7 |
0.6 |
0.6 |
- |
- |
|
Pension Obligation - Domestic |
36.1 |
30.9 |
26.6 |
25.7 |
20.3 |
|
Plan Assets - Domestic |
0.6 |
0.6 |
0.7 |
0.8 |
0.8 |
|
Funded Status - Domestic |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Total Funded Status |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Prepaid Benefits - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accrued Liabilities - Domestic |
-30.2 |
-22.7 |
-17.5 |
-13.8 |
-8.4 |
|
Other Assets, Net - Domestic |
5.4 |
7.6 |
8.4 |
11.1 |
11.1 |
|
Net Assets Recognized on Balance Sheet |
-24.8 |
-15.0 |
-9.1 |
-2.7 |
2.8 |
|
Total Plan Obligations |
36.1 |
30.9 |
26.6 |
25.7 |
20.3 |
|
Total Plan Assets |
0.6 |
0.6 |
0.7 |
0.8 |
0.8 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
60.3 |
45.8 |
2.9 |
10.7 |
-20.2 |
|
Depreciation |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Depreciation/Depletion |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Amortization of Acquisition Costs |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Amortization |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Unusual Items |
11.4 |
6.2 |
11.3 |
1.7 |
27.8 |
|
Other Non-Cash Items |
5.3 |
5.0 |
4.1 |
0.3 |
-6.1 |
|
Non-Cash Items |
16.7 |
11.2 |
15.3 |
2.1 |
21.7 |
|
Accounts Receivable |
-39.1 |
-7.5 |
17.0 |
10.3 |
29.8 |
|
Inventories |
-37.0 |
5.0 |
-14.1 |
8.2 |
8.6 |
|
Accounts Payable |
19.7 |
-1.1 |
-1.0 |
-6.3 |
-12.2 |
|
Accrued Expenses |
2.1 |
2.4 |
0.0 |
0.4 |
-3.0 |
|
Other Liabilities |
-15.4 |
-10.8 |
-7.7 |
0.0 |
- |
|
Other Operating Cash Flow |
-37.8 |
-14.8 |
-8.9 |
6.3 |
-51.8 |
|
Changes in Working Capital |
-107.4 |
-26.8 |
-14.8 |
18.9 |
-28.7 |
|
Cash from Operating Activities |
14.5 |
65.6 |
38.8 |
50.4 |
-11.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-23.7 |
-9.6 |
-15.8 |
-18.5 |
-16.7 |
|
Purchase/Acquisition of Intangibles |
-1.7 |
-4.6 |
-1.6 |
-3.4 |
-4.8 |
|
Capital Expenditures |
-25.4 |
-14.1 |
-17.4 |
-21.9 |
-21.6 |
|
Acquisition of Business |
- |
- |
0.0 |
3.6 |
0.0 |
|
Sale of Business |
- |
0.0 |
-0.3 |
0.0 |
- |
|
Sale/Maturity of Investment |
71.1 |
35.9 |
66.9 |
65.4 |
60.9 |
|
Purchase of Investments |
-60.9 |
-98.2 |
-35.9 |
-60.7 |
-79.1 |
|
Other Investing Cash Flow |
-2.0 |
-4.4 |
-3.4 |
2.3 |
22.6 |
|
Other Investing Cash Flow Items, Total |
8.2 |
-66.7 |
27.2 |
10.6 |
4.5 |
|
Cash from Investing Activities |
-17.1 |
-80.8 |
9.8 |
-11.3 |
-17.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.4 |
-1.0 |
-1.6 |
- |
- |
|
Financing Cash Flow Items |
-0.4 |
-1.0 |
-1.6 |
- |
- |
|
Cash Dividends Paid - Common |
-12.5 |
-9.8 |
-9.1 |
-10.6 |
-13.0 |
|
Total Cash Dividends Paid |
-12.5 |
-9.8 |
-9.1 |
-10.6 |
-13.0 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
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, Net |
0.9 |
-1.6 |
-1.9 |
0.5 |
0.0 |
|
Long Term Debt Issued |
0.0 |
2.9 |
0.6 |
0.0 |
- |
|
Long Term Debt
Reduction |
-1.3 |
-0.5 |
0.0 |
-2.4 |
0.0 |
|
Long Term Debt, Net |
-1.3 |
2.5 |
0.6 |
-2.4 |
0.0 |
|
Issuance (Retirement) of Debt, Net |
-0.4 |
0.9 |
-1.3 |
-1.9 |
0.0 |
|
Cash from Financing Activities |
-13.3 |
-9.9 |
-12.0 |
-12.6 |
-13.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.7 |
-0.4 |
1.5 |
-0.6 |
0.5 |
|
Net Change in Cash |
-13.1 |
-25.6 |
38.0 |
26.0 |
-41.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
173.3 |
185.4 |
133.4 |
91.2 |
130.4 |
|
Net Cash - Ending Balance |
160.1 |
159.7 |
171.4 |
117.3 |
89.2 |
|
Cash Interest Paid |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Cash Taxes Paid |
40.2 |
11.3 |
3.4 |
0.9 |
15.2 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
Total Revenue |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
|
|
|
|
|
|
|
Cost of Sales |
351.4 |
288.4 |
251.6 |
230.6 |
201.3 |
|
Shipping Expenses |
- |
- |
- |
- |
8.3 |
|
Advertising Expense |
- |
- |
- |
- |
5.7 |
|
Payrolls |
40.0 |
35.1 |
29.3 |
24.5 |
20.2 |
|
Provision for Bonuses |
6.7 |
5.2 |
3.4 |
2.7 |
2.5 |
|
Provision for officers' bonuses |
1.1 |
0.9 |
0.4 |
- |
- |
|
Allowance for Doubtful Accounts |
0.5 |
0.6 |
0.3 |
0.3 |
- |
|
Periodic Retirement Benefit Costs |
- |
- |
- |
- |
3.5 |
|
Bonuses |
- |
- |
- |
- |
4.8 |
|
Traveling Expenses |
- |
- |
- |
- |
4.6 |
|
Depreciation Expenses |
- |
- |
- |
- |
6.5 |
|
R & D Expenses |
- |
- |
- |
- |
8.8 |
|
Allowance for Environmental measure |
0.0 |
0.2 |
- |
- |
- |
|
Other Selling & General Expense |
140.7 |
109.2 |
93.0 |
81.8 |
33.8 |
|
SP Gains on Repurchase of Debts |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Reversal G on allow.doubt.accounts |
- |
- |
- |
0.0 |
0.0 |
|
SP Other gains |
-0.1 |
0.0 |
- |
- |
- |
|
SP Loss on Val. of Investment Secs. |
1.6 |
0.0 |
3.2 |
0.4 |
0.0 |
|
SP Impairment loss |
- |
0.0 |
7.2 |
0.8 |
6.8 |
|
SP Director's Retirement Service Money |
- |
- |
- |
- |
0.0 |
|
SP Nonrecurring depreciation |
- |
- |
0.0 |
0.2 |
0.0 |
|
SP Additional retire. benefits |
- |
- |
- |
0.0 |
32.7 |
|
SP Reemployment support |
- |
- |
- |
0.0 |
0.7 |
|
SP L on retire. of inventories |
- |
- |
0.0 |
2.4 |
3.5 |
|
SP Loss Val. of inventory |
- |
0.0 |
1.4 |
0.0 |
- |
|
SP Corporate funeral expense |
- |
- |
0.0 |
0.3 |
0.0 |
|
SP Business restructuring loss |
1.7 |
3.2 |
0.0 |
1.0 |
0.0 |
|
SP L on adjust for chg. of accts.asst |
0.9 |
0.0 |
- |
- |
- |
|
SP Loss on disaster |
3.6 |
0.0 |
- |
- |
- |
|
SP Amortization . of Membership |
- |
- |
- |
- |
0.0 |
|
NOP Val. of inventory |
- |
- |
0.0 |
1.1 |
0.1 |
|
Total Operating Expense |
548.2 |
442.7 |
389.7 |
346.2 |
343.9 |
|
|
|
|
|
|
|
|
NOP Interest Income |
1.1 |
1.1 |
1.3 |
1.4 |
0.9 |
|
NOP Dividends Received |
0.5 |
0.5 |
0.7 |
1.0 |
1.0 |
|
NOP Foreign Exchange Gains |
0.0 |
0.4 |
0.0 |
0.0 |
1.9 |
|
NOP Insurance Benefits |
0.5 |
0.6 |
0.3 |
0.7 |
0.4 |
|
NOP Gain on Management of Inv't Unions |
- |
- |
- |
0.0 |
6.4 |
|
NOP Gain on sales of scraps |
0.5 |
0.3 |
- |
- |
- |
|
NOP Gain on Managing Anonymous Invest. |
- |
- |
0.0 |
2.3 |
7.0 |
|
NOP Other Non-Operating Income |
0.9 |
0.6 |
1.0 |
1.4 |
0.5 |
|
NOP Interest Expense |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
0.0 |
|
NOP Exchange Loss |
-4.4 |
0.0 |
-2.9 |
-0.8 |
0.0 |
|
NOP Loss Inv. Fund |
-2.0 |
-1.8 |
-1.6 |
-1.6 |
0.0 |
|
NOP L on anonymous inv't associations |
-1.3 |
-0.6 |
-3.5 |
0.0 |
- |
|
NOP Other Non-Operating Expenses |
-0.7 |
-0.3 |
-0.7 |
-0.5 |
0.0 |
|
SP Gain on Sale of LT Inv't. Secs. |
0.2 |
0.7 |
3.9 |
1.3 |
1.2 |
|
SP Gain on Sale of Fixed Assets |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP G on sale of affiliated securities |
- |
0.0 |
1.4 |
0.0 |
- |
|
SP L on redemption of invest. sec. |
-1.1 |
0.0 |
- |
- |
- |
|
SP Loss on Sale of LT Inv't. Secs. |
0.0 |
-0.2 |
0.0 |
-0.6 |
-0.1 |
|
SP Loss on Sale/Retire. of Fixed Assets |
-0.6 |
-1.1 |
-0.9 |
-0.9 |
-2.7 |
|
Net Income Before Taxes |
60.3 |
45.8 |
3.0 |
10.7 |
-20.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
31.2 |
21.4 |
7.4 |
5.5 |
-2.5 |
|
Net Income After Taxes |
29.2 |
24.4 |
-4.5 |
5.2 |
-17.7 |
|
|
|
|
|
|
|
|
Minority Interests |
-0.5 |
-0.7 |
-0.3 |
-0.1 |
0.3 |
|
Net Income Before Extra. Items |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Net Income |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Directors' Bonuses |
- |
- |
- |
- |
0.0 |
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Basic EPS Including ExtraOrdinary Item |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Diluted Weighted Average Shares |
30.6 |
30.5 |
30.4 |
30.4 |
30.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
Diluted EPS Including ExtraOrd Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
DPS-Common Stock |
0.41 |
0.38 |
0.30 |
0.26 |
0.43 |
|
Gross Dividends - Common Stock |
12.4 |
11.4 |
9.1 |
8.0 |
13.0 |
|
Normalized Income Before Taxes |
70.0 |
51.6 |
16.9 |
16.3 |
22.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
35.0 |
23.3 |
11.4 |
7.2 |
12.6 |
|
Normalized Income After Taxes |
35.0 |
28.3 |
5.5 |
9.0 |
10.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.5 |
27.5 |
5.2 |
8.9 |
10.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Diluted Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Advertising Expense ( SGA) |
- |
- |
- |
- |
5.7 |
|
R & D Expense (SGA+COGS) |
11.7 |
8.2 |
9.1 |
8.8 |
8.8 |
|
Interest Expense |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Depreciation |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Amort. of goodwill |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Reported operating profit |
76.5 |
51.1 |
18.3 |
13.9 |
7.2 |
|
Reported ordinary profit |
69.3 |
49.7 |
10.4 |
16.0 |
25.2 |
|
Service Cost |
2.7 |
2.5 |
2.0 |
1.8 |
1.6 |
|
Interest Cost |
0.6 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Expected Return on Plan Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses |
0.6 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Prior Service Cost |
1.5 |
1.4 |
1.3 |
1.1 |
1.1 |
|
Welfare Pension Plan |
2.7 |
2.3 |
2.0 |
1.5 |
2.0 |
|
Other Pension Cost |
0.1 |
0.2 |
0.1 |
0.1 |
32.9 |
|
Domestic Pension Plan Expense |
8.3 |
7.3 |
6.4 |
5.5 |
38.5 |
|
Defined Contribution Expense |
1.1 |
1.0 |
1.0 |
0.8 |
1.0 |
|
Total Pension Expense |
9.4 |
8.4 |
7.4 |
6.3 |
39.5 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
135.4 |
148.5 |
149.1 |
115.6 |
61.1 |
|
Accounts & Notes Receivable, Gross |
186.8 |
137.6 |
121.0 |
143.7 |
123.0 |
|
Lease receivable & lease inv. assets |
26.0 |
18.8 |
17.5 |
0.0 |
- |
|
Marketable Secs. |
96.5 |
91.6 |
46.3 |
61.2 |
76.7 |
|
Inventories- Total |
- |
- |
- |
- |
40.0 |
|
Merchandise & finished goods |
44.7 |
32.9 |
35.3 |
25.7 |
- |
|
Inventories - work-in-process |
3.8 |
2.4 |
2.5 |
1.7 |
- |
|
Raw materials & supplies |
16.1 |
13.1 |
12.8 |
10.4 |
- |
|
Deferred Income Taxes (Current) |
10.9 |
8.9 |
5.4 |
6.7 |
3.0 |
|
Other Current Assets |
4.2 |
4.3 |
3.3 |
5.5 |
8.1 |
|
Allow.Doubt.Accounts (Current) |
-1.0 |
-0.7 |
-0.5 |
-0.6 |
0.0 |
|
Total Current Assets |
523.4 |
457.4 |
392.7 |
370.0 |
312.0 |
|
|
|
|
|
|
|
|
Buildings & Structures, Gross |
301.8 |
263.3 |
247.6 |
246.6 |
204.1 |
|
Accum. depr - bldg&struc |
-191.1 |
-163.3 |
-149.9 |
-141.9 |
- |
|
Machineries, Equip., & Vehicle, Gross |
84.6 |
77.5 |
77.9 |
79.7 |
58.8 |
|
Accum. depr - machin&vehicles |
-64.2 |
-57.2 |
-55.5 |
-53.3 |
- |
|
Land |
102.6 |
87.4 |
82.7 |
82.3 |
68.5 |
|
Lease assets, gross |
6.6 |
6.5 |
5.9 |
- |
- |
|
Accum. depr - lease assets |
-4.4 |
-3.0 |
-1.9 |
- |
- |
|
Rental assets, gross |
126.0 |
78.5 |
48.5 |
- |
- |
|
Accum. depr - rental assets |
-36.0 |
-18.8 |
-7.8 |
- |
- |
|
Construction-In-Progress |
0.7 |
2.0 |
0.8 |
1.2 |
0.1 |
|
Other, Prop., Plants, & Equip., Gross |
87.8 |
73.7 |
67.4 |
68.8 |
55.5 |
|
Accum. depr - other PPE |
-74.3 |
-62.5 |
-56.5 |
-53.6 |
- |
|
Total Accumulated Depreciation |
- |
- |
- |
- |
-202.7 |
|
Goodwill |
5.5 |
5.3 |
6.1 |
12.8 |
7.6 |
|
Other intangible |
22.8 |
23.0 |
20.9 |
23.6 |
18.6 |
|
Long-Term Investment in Securities |
118.2 |
92.8 |
84.8 |
113.8 |
94.9 |
|
Deferred Income Taxes (Non-Current) |
23.2 |
16.5 |
13.1 |
5.9 |
6.3 |
|
Other Assets |
42.1 |
38.2 |
32.8 |
30.5 |
24.9 |
|
Allow.Doubt.Accounts (Non-Current) |
-1.3 |
-1.3 |
-0.8 |
-0.9 |
-1.0 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
Trade Accounts Payable |
78.6 |
54.1 |
51.5 |
56.8 |
48.8 |
|
Short-Term Borrowings |
8.4 |
6.5 |
7.5 |
10.7 |
0.0 |
|
LT borrowings (current) |
0.1 |
0.1 |
0.1 |
0.4 |
- |
|
Lease obligations |
24.1 |
18.8 |
13.6 |
0.0 |
- |
|
Income Taxes Payable |
24.2 |
24.3 |
6.9 |
2.5 |
0.3 |
|
Reserve for Bonuses |
12.7 |
9.3 |
6.2 |
6.3 |
4.7 |
|
Reserve for directors' bonuses |
1.2 |
0.9 |
0.4 |
0.0 |
- |
|
Other Current Liabilities |
39.5 |
32.9 |
24.3 |
36.5 |
22.4 |
|
Total Current Liabilities |
188.7 |
147.1 |
110.5 |
113.2 |
76.2 |
|
|
|
|
|
|
|
|
LT Debts |
1.5 |
2.7 |
0.3 |
0.7 |
0.2 |
|
Lease obligations |
56.9 |
53.1 |
42.9 |
0.0 |
- |
|
Total Long Term Debt |
58.4 |
55.7 |
43.2 |
0.7 |
0.2 |
|
|
|
|
|
|
|
|
Deferred Tax Liabilities (Non-Current) |
- |
- |
- |
- |
0.0 |
|
Reserve for Retirement Benefit(accrued) |
30.2 |
22.7 |
17.5 |
13.8 |
8.4 |
|
Reserve for environmental measures |
0.6 |
0.5 |
0.0 |
- |
- |
|
Other Long-Term Liabilities |
11.8 |
12.8 |
12.0 |
14.1 |
8.1 |
|
Minority Interests |
1.8 |
1.3 |
1.7 |
1.5 |
0.8 |
|
Total Liabilities |
291.5 |
240.0 |
184.9 |
143.2 |
93.7 |
|
|
|
|
|
|
|
|
Common Stock |
79.5 |
70.5 |
66.7 |
66.2 |
55.8 |
|
Capital Surplus |
87.8 |
77.9 |
73.7 |
73.1 |
61.6 |
|
Retained Surplus |
654.4 |
565.6 |
523.1 |
534.0 |
455.5 |
|
Treasury Stock |
-39.5 |
-36.2 |
-35.8 |
-35.5 |
-29.9 |
|
Reserve by Val. of Investment Sec. |
-0.3 |
-1.3 |
-3.3 |
4.5 |
9.6 |
|
Cumulative Translation Adjustments |
-0.3 |
-1.1 |
-0.4 |
0.0 |
1.4 |
|
Subscription rights to shares |
1.1 |
0.4 |
0.0 |
- |
- |
|
Total Equity |
782.6 |
675.8 |
623.9 |
642.3 |
554.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Total Common Shares Outstanding |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
T/S-Common Stock |
1.2 |
1.2 |
1.3 |
1.3 |
0.0 |
|
Full-Time Employees |
1,915 |
1,697 |
1,487 |
1,438 |
1,246 |
|
Number of Common Shareholders |
13,349 |
14,352 |
15,172 |
16,217 |
17,082 |
|
LT debt due within 1 year |
0.1 |
0.1 |
0.1 |
0.4 |
0.2 |
|
LT debt due from 1 to 2 year |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
LT debt due from 2 to 3 year |
0.0 |
0.1 |
0.1 |
0.2 |
0.0 |
|
LT debt due from 3 to 4 year |
1.4 |
0.0 |
0.1 |
0.1 |
0.0 |
|
LT debt due from 4 to 5 year |
0.0 |
2.5 |
0.0 |
0.1 |
- |
|
Remaining |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
1.6 |
2.8 |
0.4 |
1.1 |
0.4 |
|
Capital Leases Maturing within 1 Yr |
24.1 |
18.8 |
13.6 |
- |
- |
|
Capital Leases Maturing within 2 Yrs |
20.4 |
17.5 |
14.5 |
- |
- |
|
Capital Leases Maturing within 3 Yrs |
16.4 |
15.3 |
13.0 |
- |
- |
|
Capital Leases Maturing within 4 Yrs |
12.9 |
11.6 |
9.3 |
- |
- |
|
Capital Leases Maturing within 5 Yrs |
6.5 |
8.1 |
5.5 |
- |
- |
|
Capital Leases Remaining Maturities |
0.7 |
0.6 |
0.6 |
- |
- |
|
Total Capital Leases |
81.0 |
71.9 |
56.5 |
- |
- |
|
Pension Obligation |
36.1 |
30.9 |
26.6 |
25.7 |
20.3 |
|
Fair Value of Plan Assets |
0.6 |
0.6 |
0.7 |
0.8 |
0.8 |
|
Funded Status |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Total Funded Status |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Unrecognized Actuarial Gains and Losses |
-0.4 |
1.1 |
0.9 |
2.4 |
2.7 |
|
Unrecognized Prior Service Cost |
5.8 |
6.5 |
7.5 |
8.7 |
8.4 |
|
Prepaid Pension Benefits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Reserve for Accrued Retirement Benefits |
-30.2 |
-22.7 |
-17.5 |
-13.8 |
-8.4 |
|
Net Assets Recognized on Balance Sheet |
-24.8 |
-15.0 |
-9.1 |
-2.7 |
2.8 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income before Taxes |
60.3 |
45.8 |
2.9 |
10.7 |
-20.2 |
|
Depreciation |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Impairment losses on assets |
- |
0.0 |
7.2 |
0.8 |
6.8 |
|
Amort. of goodwill |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Reserve for Bonuses |
2.1 |
2.4 |
0.0 |
0.4 |
-3.0 |
|
Reserve for Retirement Benefits(accrued) |
4.5 |
4.2 |
3.7 |
3.4 |
-2.7 |
|
Reserve for Directors' Retire. Benefits |
- |
- |
- |
- |
0.0 |
|
Reserve for Doubtful Accounts |
0.1 |
0.5 |
0.2 |
-0.1 |
0.0 |
|
Reversal of Int.& Dividends Received |
-1.6 |
-1.5 |
-2.1 |
-2.3 |
-1.9 |
|
Reversal of Interest Expenses |
2.4 |
2.2 |
2.5 |
0.0 |
- |
|
Exchange Gains/Losses |
0.4 |
0.2 |
0.1 |
0.0 |
-1.2 |
|
Insurance Benefits |
-0.5 |
-0.6 |
-0.3 |
-0.7 |
-0.4 |
|
Gain on Management of Inv't Unions |
- |
- |
- |
0.0 |
-6.4 |
|
Loss on Management of Inv't Unions |
2.0 |
1.8 |
1.6 |
1.6 |
0.0 |
|
G/L on Managing Anonymous Invest. |
1.3 |
0.6 |
3.5 |
-2.3 |
-7.0 |
|
Gain on Sale of Long-Term Inv't in Secs. |
- |
- |
- |
-1.3 |
-1.2 |
|
Loss on Sale of Long-Term Inv't in Secs. |
- |
- |
- |
0.6 |
0.1 |
|
Sale marketable & inv't secs. |
0.9 |
-0.5 |
-3.8 |
0.0 |
- |
|
Val. of marketable & inv't secs. |
1.6 |
0.0 |
3.2 |
0.0 |
- |
|
Sale affli.'s shares |
- |
0.0 |
-1.4 |
0.0 |
- |
|
Loss on Val. Long-Term Inv't in Secs. |
- |
- |
- |
0.4 |
0.0 |
|
Loss on Sale/ retire of Fixed Assets |
0.3 |
1.1 |
0.9 |
0.9 |
2.7 |
|
Additional retirement benefits |
- |
- |
- |
0.0 |
32.7 |
|
(Inc) Dec Accounts Receivable |
-34.7 |
-7.4 |
19.3 |
10.3 |
29.8 |
|
Lease receivagles & lease inv't assets |
-4.4 |
-0.2 |
-2.3 |
0.0 |
- |
|
Increase in assets of rental |
-23.0 |
0.0 |
- |
- |
- |
|
(Inc) Dec Inventories |
-14.0 |
5.0 |
-14.1 |
8.2 |
8.6 |
|
Inc(Dec) in Acts & Notes Payable |
19.7 |
-1.1 |
-1.0 |
-6.3 |
-12.2 |
|
Lease obligations |
-15.4 |
-10.8 |
-7.7 |
0.0 |
- |
|
Director Bonus Paid |
- |
- |
- |
0.0 |
-0.3 |
|
Overseas subs. restructuring exp. |
1.7 |
3.2 |
0.0 |
1.0 |
0.0 |
|
Loss on disaster |
3.6 |
0.0 |
- |
- |
- |
|
Other Operating Activities |
3.5 |
-1.2 |
-5.1 |
6.5 |
-5.6 |
|
Int & Div.Received(Cash Basis) |
1.8 |
1.4 |
2.1 |
2.5 |
1.7 |
|
Interest Paid (Cash Basis) |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
- |
|
Additional retirement benefits |
- |
- |
0.0 |
-0.3 |
-32.4 |
|
Overseas subs. restructuring exp. paid |
-0.5 |
-1.4 |
0.0 |
-1.0 |
0.0 |
|
Income Taxes Paid |
-40.2 |
-11.3 |
-3.4 |
-0.9 |
-15.2 |
|
Adjustment |
- |
0.0 |
- |
- |
0.0 |
|
Cash from Operating Activities |
14.5 |
65.6 |
38.8 |
50.4 |
-11.6 |
|
|
|
|
|
|
|
|
Time Deposit Made |
0.0 |
-0.3 |
0.0 |
0.0 |
-4.3 |
|
Time Deposit Matured |
0.3 |
0.0 |
0.0 |
4.4 |
0.0 |
|
Purchase of Marketable Securities |
-18.7 |
-66.6 |
-18.9 |
-21.9 |
-19.8 |
|
Sale of Marketable Sec. |
52.7 |
17.2 |
50.7 |
42.4 |
34.2 |
|
Capital Expenditure |
-23.7 |
-9.6 |
-15.8 |
-18.5 |
-16.7 |
|
Loss on Sales/Retirement of PPE |
-0.1 |
-0.3 |
-0.3 |
-0.1 |
-0.5 |
|
Purchase of Intangible Assets |
-1.7 |
-4.6 |
-1.6 |
-3.4 |
-4.8 |
|
Purchase of Long-Term Inv't in Sec. |
-42.1 |
-30.2 |
-12.1 |
-38.8 |
-46.8 |
|
Sale of Long-Term Investment in Sec. |
18.2 |
18.7 |
16.1 |
18.6 |
26.7 |
|
Inv't in anonymous association |
-0.2 |
-1.1 |
-5.0 |
0.0 |
- |
|
Distribution of investment union |
0.2 |
0.8 |
0.5 |
1.9 |
19.0 |
|
Insurance Reserve Made |
-0.6 |
-1.1 |
-0.2 |
-0.4 |
-0.2 |
|
Insurance Reserve Matured |
0.5 |
1.4 |
0.4 |
1.0 |
0.5 |
|
Purch. of new sub. |
- |
- |
- |
0.0 |
-8.1 |
|
Gain purch. of new sub. |
- |
- |
0.0 |
3.6 |
0.0 |
|
Outflow due to sale subsidiaries' securi |
- |
0.0 |
-0.3 |
0.0 |
- |
|
Other Investment Activities |
-1.9 |
-5.2 |
-3.8 |
0.0 |
3.8 |
|
Cash from Investing Activities |
-17.1 |
-80.8 |
9.8 |
-11.3 |
-17.1 |
|
|
|
|
|
|
|
|
Change in Short-Term Debt, Net |
0.9 |
-1.6 |
-1.9 |
0.5 |
0.0 |
|
LT debts, issued |
0.0 |
2.9 |
0.6 |
0.0 |
- |
|
LT debts, repaid |
-1.3 |
-0.5 |
0.0 |
-0.9 |
0.0 |
|
Bond Redemption |
- |
- |
0.0 |
-1.5 |
0.0 |
|
Treasury Stock Purchased |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Treasury Stock Sold |
- |
- |
- |
- |
0.0 |
|
Cash Dividends Paid |
-12.5 |
-9.8 |
-9.1 |
-10.6 |
-13.0 |
|
Other Financing Activities |
-0.4 |
-1.0 |
-1.6 |
- |
- |
|
Cash from Financing Activities |
-13.3 |
-9.9 |
-12.0 |
-12.6 |
-13.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.7 |
-0.4 |
1.5 |
-0.6 |
0.5 |
|
Net Change in Cash |
-13.1 |
-25.6 |
38.0 |
26.0 |
-41.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
173.3 |
185.4 |
133.4 |
91.2 |
130.4 |
|
Net Cash - Ending Balance |
160.1 |
159.7 |
171.4 |
117.3 |
89.2 |
|
Cash Interest Paid |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Cash Taxes Paid |
40.2 |
11.3 |
3.4 |
0.9 |
15.2 |
Financial
Health
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
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Annual
Ratios
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
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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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
Revenue |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
Total Revenue |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
351.4 |
288.4 |
252.9 |
234.1 |
204.9 |
|
Cost of Revenue, Total |
351.4 |
288.4 |
252.9 |
234.1 |
204.9 |
|
Gross Profit |
265.6 |
202.2 |
143.3 |
119.7 |
102.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
141.3 |
109.9 |
93.3 |
82.0 |
46.7 |
|
Labor & Related Expense |
47.8 |
41.1 |
33.1 |
27.3 |
31.0 |
|
Advertising Expense |
- |
- |
- |
- |
5.7 |
|
Total Selling/General/Administrative Expenses |
189.1 |
151.1 |
126.4 |
109.3 |
83.4 |
|
Research & Development |
- |
- |
- |
- |
8.8 |
|
Depreciation |
- |
- |
0.0 |
0.2 |
6.5 |
|
Depreciation/Amortization |
- |
- |
0.0 |
0.2 |
6.5 |
|
Restructuring Charge |
1.7 |
3.2 |
0.0 |
1.0 |
0.0 |
|
Impairment-Assets Held for Use |
- |
0.0 |
7.2 |
0.8 |
6.8 |
|
Impairment-Assets Held for Sale |
1.6 |
0.0 |
3.2 |
0.4 |
0.0 |
|
Other Unusual Expense (Income) |
4.4 |
0.0 |
0.0 |
0.3 |
33.5 |
|
Unusual Expense (Income) |
7.7 |
3.2 |
10.4 |
2.5 |
40.3 |
|
Total Operating Expense |
548.2 |
442.7 |
389.7 |
346.2 |
343.9 |
|
|
|
|
|
|
|
|
Operating Income |
68.8 |
47.9 |
6.6 |
7.6 |
-36.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
0.0 |
|
Interest Expense, Net Non-Operating |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
0.0 |
|
Interest Income -
Non-Operating |
1.1 |
1.1 |
1.3 |
1.4 |
0.9 |
|
Investment Income -
Non-Operating |
-8.1 |
-1.0 |
-2.2 |
1.5 |
17.4 |
|
Interest/Investment Income - Non-Operating |
-7.0 |
0.0 |
-0.8 |
2.9 |
18.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-9.3 |
-2.2 |
-3.3 |
2.4 |
18.3 |
|
Gain (Loss) on Sale of Assets |
0.2 |
-0.9 |
-0.9 |
-0.9 |
-2.7 |
|
Other Non-Operating Income (Expense) |
0.6 |
0.9 |
0.6 |
1.6 |
0.9 |
|
Other, Net |
0.6 |
0.9 |
0.6 |
1.6 |
0.9 |
|
Income Before Tax |
60.3 |
45.8 |
3.0 |
10.7 |
-20.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
31.2 |
21.4 |
7.4 |
5.5 |
-2.5 |
|
Income After Tax |
29.2 |
24.4 |
-4.5 |
5.2 |
-17.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.5 |
-0.7 |
-0.3 |
-0.1 |
0.3 |
|
Net Income Before Extraord Items |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Net Income |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Basic EPS Excl Extraord Items |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Basic/Primary EPS Incl Extraord Items |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Diluted Weighted Average Shares |
30.6 |
30.5 |
30.4 |
30.4 |
30.4 |
|
Diluted EPS Excl Extraord Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
Diluted EPS Incl Extraord Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
Dividends per Share - Common Stock Primary Issue |
0.41 |
0.38 |
0.30 |
0.26 |
0.43 |
|
Gross Dividends - Common Stock |
12.4 |
11.4 |
9.1 |
8.0 |
13.0 |
|
Interest Expense, Supplemental |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Depreciation, Supplemental |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Total Special Items |
9.7 |
5.8 |
13.9 |
5.5 |
42.9 |
|
Normalized Income Before Tax |
70.0 |
51.6 |
16.9 |
16.3 |
22.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
3.9 |
1.9 |
4.0 |
1.7 |
15.0 |
|
Inc Tax Ex Impact of Sp Items |
35.0 |
23.3 |
11.4 |
7.2 |
12.6 |
|
Normalized Income After Tax |
35.0 |
28.3 |
5.5 |
9.0 |
10.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.5 |
27.5 |
5.2 |
8.9 |
10.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Diluted Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Amort of Acquisition Costs, Supplemental |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Advertising Expense, Supplemental |
- |
- |
- |
- |
5.7 |
|
Research & Development Exp, Supplemental |
11.7 |
8.2 |
9.1 |
8.8 |
8.8 |
|
Reported Operating Profit |
76.5 |
51.1 |
18.3 |
13.9 |
7.2 |
|
Reported Ordinary Profit |
69.3 |
49.7 |
10.4 |
16.0 |
25.2 |
|
Normalized EBIT |
76.5 |
51.2 |
17.0 |
10.2 |
3.6 |
|
Normalized EBITDA |
121.5 |
86.6 |
52.3 |
28.9 |
19.2 |
|
Interest Cost - Domestic |
0.6 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Service Cost - Domestic |
2.7 |
2.5 |
2.0 |
1.8 |
1.6 |
|
Prior Service Cost - Domestic |
1.5 |
1.4 |
1.3 |
1.1 |
1.1 |
|
Expected Return on Assets - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.6 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Other Pension, Net - Domestic |
2.9 |
2.5 |
2.1 |
1.6 |
34.9 |
|
Domestic Pension Plan Expense |
8.3 |
7.3 |
6.4 |
5.5 |
38.5 |
|
Defined Contribution Expense - Domestic |
1.1 |
1.0 |
1.0 |
0.8 |
1.0 |
|
Total Pension Expense |
9.4 |
8.4 |
7.4 |
6.3 |
39.5 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Total Plan Interest Cost |
0.6 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Total Plan Service Cost |
2.7 |
2.5 |
2.0 |
1.8 |
1.6 |
|
Total Plan Expected Return |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Plan Other Expense |
2.9 |
2.5 |
2.1 |
1.6 |
34.9 |
Interim
Income Statement
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net Sales |
202.1 |
195.7 |
150.4 |
136.5 |
137.2 |
|
Revenue |
202.1 |
195.7 |
150.4 |
136.5 |
137.2 |
|
Total Revenue |
202.1 |
195.7 |
150.4 |
136.5 |
137.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
112.6 |
112.6 |
82.9 |
78.4 |
79.0 |
|
Cost of Revenue, Total |
112.6 |
112.6 |
82.9 |
78.4 |
79.0 |
|
Gross Profit |
89.5 |
83.2 |
67.5 |
58.1 |
58.2 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
52.9 |
47.4 |
34.3 |
31.3 |
27.8 |
|
Labor & Related Expense |
- |
10.5 |
13.9 |
12.2 |
12.7 |
|
Total Selling/General/Administrative Expenses |
52.9 |
57.9 |
48.2 |
43.5 |
40.5 |
|
Restructuring Charge |
- |
1.8 |
0.0 |
0.0 |
- |
|
Impairment-Assets Held for Sale |
0.0 |
- |
3.9 |
- |
1.7 |
|
Other Unusual Expense (Income) |
0.9 |
0.9 |
0.0 |
-1.2 |
0.8 |
|
Unusual Expense (Income) |
0.9 |
2.7 |
3.9 |
-1.2 |
2.5 |
|
Total Operating Expense |
166.4 |
173.2 |
135.0 |
120.7 |
122.0 |
|
|
|
|
|
|
|
|
Operating Income |
35.8 |
22.6 |
15.4 |
15.9 |
15.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
|
Interest Expense, Net Non-Operating |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
|
Interest Income -
Non-Operating |
0.2 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Investment Income -
Non-Operating |
1.6 |
-1.1 |
-1.7 |
-3.2 |
-2.1 |
|
Interest/Investment Income - Non-Operating |
1.8 |
-0.7 |
-1.5 |
-2.9 |
-1.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
1.2 |
-1.3 |
-2.1 |
-3.5 |
-2.4 |
|
Gain (Loss) on Sale of Assets |
0.0 |
-0.2 |
0.0 |
0.0 |
-0.1 |
|
Other Non-Operating Income (Expense) |
0.3 |
0.7 |
0.1 |
0.3 |
0.1 |
|
Other, Net |
0.3 |
0.7 |
0.1 |
0.3 |
0.1 |
|
Income Before Tax |
37.3 |
21.7 |
13.4 |
12.7 |
12.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
14.6 |
11.4 |
7.5 |
6.2 |
6.3 |
|
Income After Tax |
22.7 |
10.4 |
5.9 |
6.5 |
6.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
-0.2 |
-0.2 |
0.0 |
-0.1 |
|
Net Income Before Extraord Items |
22.5 |
10.2 |
5.7 |
6.5 |
6.4 |
|
Net Income |
22.5 |
10.2 |
5.7 |
6.5 |
6.4 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
22.5 |
10.3 |
5.7 |
6.5 |
6.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
22.5 |
10.3 |
5.7 |
6.5 |
6.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
30.5 |
30.5 |
30.5 |
30.5 |
30.4 |
|
Basic EPS Excl Extraord Items |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
Basic/Primary EPS Incl Extraord Items |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
22.5 |
10.3 |
5.7 |
6.5 |
6.4 |
|
Diluted Weighted Average Shares |
30.6 |
30.6 |
30.6 |
30.6 |
30.5 |
|
Diluted EPS Excl Extraord Items |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
Diluted EPS Incl Extraord Items |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.24 |
0.00 |
0.17 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
7.4 |
0.0 |
5.3 |
0.0 |
|
Interest Expense, Supplemental |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Depreciation, Supplemental |
- |
12.0 |
11.6 |
10.4 |
9.0 |
|
Total Special Items |
0.9 |
3.5 |
4.6 |
-0.8 |
3.0 |
|
Normalized Income Before Tax |
38.2 |
25.3 |
18.0 |
11.9 |
15.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.4 |
1.5 |
2.2 |
-0.6 |
1.3 |
|
Inc Tax Ex Impact of Sp Items |
15.0 |
12.9 |
9.7 |
5.6 |
7.5 |
|
Normalized Income After Tax |
23.2 |
12.4 |
8.2 |
6.3 |
8.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
23.1 |
12.3 |
8.0 |
6.3 |
8.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.76 |
0.40 |
0.26 |
0.21 |
0.27 |
|
Diluted Normalized EPS |
0.75 |
0.40 |
0.26 |
0.21 |
0.27 |
|
Amort of Acquisition Costs, Supplemental |
- |
0.6 |
0.6 |
0.5 |
0.5 |
|
Reported Operating Profit |
36.6 |
25.3 |
19.3 |
14.6 |
17.7 |
|
Reported Ordinary Profit |
38.4 |
25.3 |
17.2 |
11.4 |
15.8 |
|
Normalized EBIT |
36.7 |
25.3 |
19.3 |
14.6 |
17.7 |
|
Normalized EBITDA |
36.7 |
37.9 |
31.5 |
25.5 |
27.2 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
135.4 |
148.5 |
149.1 |
115.6 |
61.1 |
|
Short Term Investments |
96.5 |
91.6 |
46.3 |
61.2 |
76.7 |
|
Cash and Short Term Investments |
231.9 |
240.1 |
195.4 |
176.8 |
137.9 |
|
Accounts Receivable -
Trade, Gross |
186.8 |
137.6 |
121.0 |
143.7 |
123.0 |
|
Provision for Doubtful
Accounts |
-1.0 |
-0.7 |
-0.5 |
-0.6 |
0.0 |
|
Trade Accounts Receivable - Net |
185.9 |
136.9 |
120.4 |
143.1 |
123.0 |
|
Total Receivables, Net |
185.9 |
136.9 |
120.4 |
143.1 |
123.0 |
|
Inventories - Finished Goods |
44.7 |
32.9 |
35.3 |
25.7 |
- |
|
Inventories - Work In Progress |
3.8 |
2.4 |
2.5 |
1.7 |
- |
|
Inventories - Raw Materials |
16.1 |
13.1 |
12.8 |
10.4 |
- |
|
Total Inventory |
64.6 |
48.5 |
50.6 |
37.8 |
40.0 |
|
Deferred Income Tax - Current Asset |
10.9 |
8.9 |
5.4 |
6.7 |
3.0 |
|
Other Current Assets |
30.2 |
23.1 |
20.8 |
5.5 |
8.1 |
|
Other Current Assets, Total |
41.1 |
31.9 |
26.3 |
12.2 |
11.1 |
|
Total Current Assets |
523.4 |
457.4 |
392.7 |
370.0 |
312.0 |
|
|
|
|
|
|
|
|
Buildings |
301.8 |
263.3 |
247.6 |
246.6 |
204.1 |
|
Land/Improvements |
102.6 |
87.4 |
82.7 |
82.3 |
68.5 |
|
Machinery/Equipment |
84.6 |
77.5 |
77.9 |
79.7 |
58.8 |
|
Construction in
Progress |
0.7 |
2.0 |
0.8 |
1.2 |
0.1 |
|
Leases |
132.6 |
85.0 |
54.4 |
- |
- |
|
Other
Property/Plant/Equipment |
87.8 |
73.7 |
67.4 |
68.8 |
55.5 |
|
Property/Plant/Equipment - Gross |
710.1 |
588.8 |
530.7 |
478.6 |
386.9 |
|
Accumulated Depreciation |
-370.0 |
-304.8 |
-271.6 |
-248.7 |
-202.7 |
|
Property/Plant/Equipment - Net |
340.1 |
284.0 |
259.2 |
229.9 |
184.2 |
|
Goodwill, Net |
5.5 |
5.3 |
6.1 |
12.8 |
7.6 |
|
Intangibles, Net |
22.8 |
23.0 |
20.9 |
23.6 |
18.6 |
|
LT Investments - Other |
118.2 |
92.8 |
84.8 |
113.8 |
94.9 |
|
Long Term Investments |
118.2 |
92.8 |
84.8 |
113.8 |
94.9 |
|
Deferred Income Tax - Long Term Asset |
23.2 |
16.5 |
13.1 |
5.9 |
6.3 |
|
Other Long Term Assets |
40.8 |
36.9 |
32.0 |
29.6 |
23.9 |
|
Other Long Term Assets, Total |
64.0 |
53.4 |
45.1 |
35.5 |
30.2 |
|
Total Assets |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
78.6 |
54.1 |
51.5 |
56.8 |
48.8 |
|
Accrued Expenses |
13.9 |
10.3 |
6.6 |
6.3 |
4.7 |
|
Notes Payable/Short Term Debt |
8.4 |
6.5 |
7.5 |
10.7 |
0.0 |
|
Current Portion - Long Term Debt/Capital Leases |
24.2 |
18.9 |
13.7 |
0.4 |
- |
|
Income Taxes Payable |
24.2 |
24.3 |
6.9 |
2.5 |
0.3 |
|
Other Current Liabilities |
39.5 |
32.9 |
24.3 |
36.5 |
22.4 |
|
Other Current liabilities, Total |
63.7 |
57.3 |
31.2 |
39.0 |
22.7 |
|
Total Current Liabilities |
188.7 |
147.1 |
110.5 |
113.2 |
76.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.5 |
2.7 |
0.3 |
0.7 |
0.2 |
|
Capital Lease Obligations |
56.9 |
53.1 |
42.9 |
0.0 |
- |
|
Total Long Term Debt |
58.4 |
55.7 |
43.2 |
0.7 |
0.2 |
|
Total Debt |
91.0 |
81.1 |
64.4 |
11.7 |
0.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
- |
- |
- |
- |
0.0 |
|
Deferred Income Tax |
- |
- |
- |
- |
0.0 |
|
Minority Interest |
1.8 |
1.3 |
1.7 |
1.5 |
0.8 |
|
Reserves |
0.6 |
0.5 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
30.2 |
22.7 |
17.5 |
13.8 |
8.4 |
|
Other Long Term Liabilities |
11.8 |
12.8 |
12.0 |
14.1 |
8.1 |
|
Other Liabilities, Total |
42.5 |
36.0 |
29.5 |
27.9 |
16.5 |
|
Total Liabilities |
291.5 |
240.0 |
184.9 |
143.2 |
93.7 |
|
|
|
|
|
|
|
|
Common Stock |
79.5 |
70.5 |
66.7 |
66.2 |
55.8 |
|
Common Stock |
79.5 |
70.5 |
66.7 |
66.2 |
55.8 |
|
Additional Paid-In Capital |
88.9 |
78.3 |
73.7 |
73.1 |
61.6 |
|
Retained Earnings (Accumulated Deficit) |
654.4 |
565.6 |
523.1 |
534.0 |
455.5 |
|
Treasury Stock - Common |
-39.5 |
-36.2 |
-35.8 |
-35.5 |
-29.9 |
|
Unrealized Gain (Loss) |
-0.3 |
-1.3 |
-3.3 |
4.5 |
9.6 |
|
Translation Adjustment |
-0.3 |
-1.1 |
-0.4 |
0.0 |
1.4 |
|
Other Equity, Total |
-0.3 |
-1.1 |
-0.4 |
0.0 |
1.4 |
|
Total Equity |
782.6 |
675.8 |
623.9 |
642.3 |
554.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Total Common Shares Outstanding |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Treasury Shares - Common Stock Primary Issue |
1.2 |
1.2 |
1.3 |
1.3 |
0.0 |
|
Employees |
1,915 |
1,697 |
1,487 |
1,438 |
1,246 |
|
Number of Common Shareholders |
13,349 |
14,352 |
15,172 |
16,217 |
17,082 |
|
Total Long Term Debt, Supplemental |
1.6 |
2.8 |
0.4 |
1.1 |
0.4 |
|
Long Term Debt Maturing within 1 Year |
0.1 |
0.1 |
0.1 |
0.4 |
0.2 |
|
Long Term Debt Maturing in Year 2 |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Long Term Debt Maturing in Year 3 |
0.0 |
0.1 |
0.1 |
0.2 |
0.0 |
|
Long Term Debt Maturing in Year 4 |
1.4 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
0.0 |
2.5 |
0.0 |
0.1 |
- |
|
Long Term Debt Maturing in 2-3 Years |
0.1 |
0.2 |
0.2 |
0.4 |
0.2 |
|
Long Term Debt Maturing in 4-5 Years |
1.4 |
2.5 |
0.1 |
0.2 |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
81.0 |
71.9 |
56.5 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
24.1 |
18.8 |
13.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
20.4 |
17.5 |
14.5 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
16.4 |
15.3 |
13.0 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
12.9 |
11.6 |
9.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
6.5 |
8.1 |
5.5 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
36.8 |
32.8 |
27.5 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
19.4 |
19.6 |
14.8 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.7 |
0.6 |
0.6 |
- |
- |
|
Pension Obligation - Domestic |
36.1 |
30.9 |
26.6 |
25.7 |
20.3 |
|
Plan Assets - Domestic |
0.6 |
0.6 |
0.7 |
0.8 |
0.8 |
|
Funded Status - Domestic |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Total Funded Status |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Prepaid Benefits - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accrued Liabilities - Domestic |
-30.2 |
-22.7 |
-17.5 |
-13.8 |
-8.4 |
|
Other Assets, Net - Domestic |
5.4 |
7.6 |
8.4 |
11.1 |
11.1 |
|
Net Assets Recognized on Balance Sheet |
-24.8 |
-15.0 |
-9.1 |
-2.7 |
2.8 |
|
Total Plan Obligations |
36.1 |
30.9 |
26.6 |
25.7 |
20.3 |
|
Total Plan Assets |
0.6 |
0.6 |
0.7 |
0.8 |
0.8 |
Interim
Balance Sheet
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
119.3 |
135.4 |
132.5 |
154.9 |
132.8 |
|
Short Term Investments |
95.3 |
96.5 |
106.8 |
108.2 |
91.0 |
|
Cash and Short Term Investments |
214.6 |
231.9 |
239.3 |
263.1 |
223.8 |
|
Accounts Receivable -
Trade, Gross |
213.3 |
186.8 |
142.6 |
127.6 |
147.5 |
|
Provision for Doubtful
Accounts |
-1.0 |
-1.0 |
-0.8 |
-0.6 |
-0.7 |
|
Trade Accounts Receivable - Net |
212.3 |
185.9 |
141.9 |
127.0 |
146.8 |
|
Total Receivables, Net |
212.3 |
185.9 |
141.9 |
127.0 |
146.8 |
|
Inventories - Finished Goods |
52.1 |
44.7 |
52.8 |
41.5 |
34.0 |
|
Inventories - Work In Progress |
3.6 |
3.8 |
2.5 |
2.7 |
2.3 |
|
Inventories - Raw Materials |
13.8 |
16.1 |
14.6 |
13.8 |
13.5 |
|
Total Inventory |
69.4 |
64.6 |
69.9 |
58.0 |
49.8 |
|
Other Current Assets |
41.3 |
41.1 |
36.0 |
37.8 |
35.9 |
|
Other Current Assets, Total |
41.3 |
41.1 |
36.0 |
37.8 |
35.9 |
|
Total Current Assets |
537.6 |
523.4 |
487.0 |
485.9 |
456.2 |
|
|
|
|
|
|
|
|
Buildings |
310.5 |
301.8 |
307.1 |
295.6 |
278.8 |
|
Land/Improvements |
105.3 |
102.6 |
104.9 |
97.7 |
92.3 |
|
Machinery/Equipment |
87.3 |
84.6 |
87.1 |
85.1 |
81.7 |
|
Construction in
Progress |
0.8 |
0.7 |
0.7 |
0.1 |
2.1 |
|
Leases |
138.7 |
132.6 |
131.3 |
114.5 |
97.8 |
|
Other
Property/Plant/Equipment |
90.6 |
87.8 |
89.3 |
86.4 |
79.4 |
|
Property/Plant/Equipment - Gross |
733.1 |
710.1 |
720.4 |
679.3 |
632.1 |
|
Accumulated Depreciation |
-386.4 |
-370.0 |
-370.2 |
-352.2 |
-327.9 |
|
Property/Plant/Equipment - Net |
346.7 |
340.1 |
350.2 |
327.1 |
304.2 |
|
Goodwill, Net |
5.1 |
5.5 |
6.8 |
5.0 |
5.2 |
|
Intangibles, Net |
23.7 |
22.8 |
23.7 |
23.8 |
23.5 |
|
LT Investments - Other |
124.8 |
118.2 |
111.1 |
111.2 |
99.3 |
|
Long Term Investments |
124.8 |
118.2 |
111.1 |
111.2 |
99.3 |
|
Other Long Term Assets |
65.7 |
64.0 |
62.8 |
62.4 |
56.3 |
|
Other Long Term Assets, Total |
65.7 |
64.0 |
62.8 |
62.4 |
56.3 |
|
Total Assets |
1,103.6 |
1,074.1 |
1,041.7 |
1,015.3 |
944.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
94.7 |
78.6 |
62.5 |
56.7 |
54.6 |
|
Accrued Expenses |
6.3 |
12.7 |
5.7 |
11.0 |
5.3 |
|
Notes Payable/Short Term Debt |
10.2 |
8.4 |
8.0 |
7.2 |
7.9 |
|
Current Portion - Long Term Debt/Capital Leases |
24.7 |
24.2 |
24.7 |
24.1 |
22.1 |
|
Income Taxes Payable |
11.8 |
24.2 |
9.2 |
15.7 |
4.6 |
|
Other Current Liabilities |
39.8 |
40.7 |
33.9 |
30.5 |
36.3 |
|
Other Current liabilities, Total |
51.6 |
64.9 |
43.1 |
46.2 |
40.9 |
|
Total Current Liabilities |
187.5 |
188.7 |
144.0 |
145.1 |
130.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.5 |
1.5 |
2.2 |
2.2 |
2.8 |
|
Capital Lease Obligations |
52.0 |
56.9 |
62.5 |
61.5 |
57.0 |
|
Total Long Term Debt |
53.5 |
58.4 |
64.8 |
63.7 |
59.8 |
|
Total Debt |
88.4 |
91.0 |
97.5 |
95.1 |
89.8 |
|
|
|
|
|
|
|
|
Minority Interest |
2.0 |
1.8 |
1.7 |
1.6 |
1.5 |
|
Reserves |
0.6 |
0.6 |
0.5 |
0.5 |
0.5 |
|
Pension Benefits - Underfunded |
31.9 |
30.2 |
29.5 |
27.5 |
24.8 |
|
Other Long Term Liabilities |
11.6 |
11.8 |
12.9 |
13.1 |
13.5 |
|
Other Liabilities, Total |
44.1 |
42.5 |
43.0 |
41.1 |
38.8 |
|
Total Liabilities |
287.1 |
291.5 |
253.4 |
251.5 |
230.9 |
|
|
|
|
|
|
|
|
Common Stock |
81.6 |
79.5 |
81.3 |
78.9 |
74.5 |
|
Common Stock |
81.6 |
79.5 |
81.3 |
78.9 |
74.5 |
|
Additional Paid-In Capital |
91.3 |
88.9 |
90.6 |
87.8 |
82.8 |
|
Retained Earnings (Accumulated Deficit) |
686.8 |
654.4 |
658.3 |
639.0 |
597.0 |
|
Treasury Stock - Common |
-40.4 |
-39.5 |
-40.6 |
-39.8 |
-38.0 |
|
Unrealized Gain (Loss) |
-0.7 |
-0.3 |
-0.2 |
-2.4 |
-1.6 |
|
Translation Adjustment |
-2.1 |
-0.3 |
-1.2 |
0.3 |
-0.8 |
|
Other Equity, Total |
-2.1 |
-0.3 |
-1.2 |
0.3 |
-0.8 |
|
Total Equity |
816.6 |
782.6 |
788.2 |
763.8 |
713.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,103.6 |
1,074.1 |
1,041.7 |
1,015.3 |
944.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
30.5 |
30.5 |
30.5 |
30.5 |
30.4 |
|
Total Common Shares Outstanding |
30.5 |
30.5 |
30.5 |
30.5 |
30.4 |
|
Treasury Shares - Common Stock Primary Issue |
1.2 |
1.2 |
1.2 |
1.2 |
1.2 |
|
Employees |
- |
1,915 |
1,880 |
1,786 |
1,724 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
60.3 |
45.8 |
2.9 |
10.7 |
-20.2 |
|
Depreciation |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Depreciation/Depletion |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Amortization of Acquisition Costs |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Amortization |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Unusual Items |
11.4 |
6.2 |
11.3 |
1.7 |
27.8 |
|
Other Non-Cash Items |
5.3 |
5.0 |
4.1 |
0.3 |
-6.1 |
|
Non-Cash Items |
16.7 |
11.2 |
15.3 |
2.1 |
21.7 |
|
Accounts Receivable |
-39.1 |
-7.5 |
17.0 |
10.3 |
29.8 |
|
Inventories |
-37.0 |
5.0 |
-14.1 |
8.2 |
8.6 |
|
Accounts Payable |
19.7 |
-1.1 |
-1.0 |
-6.3 |
-12.2 |
|
Accrued Expenses |
2.1 |
2.4 |
0.0 |
0.4 |
-3.0 |
|
Other Liabilities |
-15.4 |
-10.8 |
-7.7 |
0.0 |
- |
|
Other Operating Cash Flow |
-37.8 |
-14.8 |
-8.9 |
6.3 |
-51.8 |
|
Changes in Working Capital |
-107.4 |
-26.8 |
-14.8 |
18.9 |
-28.7 |
|
Cash from Operating Activities |
14.5 |
65.6 |
38.8 |
50.4 |
-11.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-23.7 |
-9.6 |
-15.8 |
-18.5 |
-16.7 |
|
Purchase/Acquisition of Intangibles |
-1.7 |
-4.6 |
-1.6 |
-3.4 |
-4.8 |
|
Capital Expenditures |
-25.4 |
-14.1 |
-17.4 |
-21.9 |
-21.6 |
|
Acquisition of Business |
- |
- |
0.0 |
3.6 |
0.0 |
|
Sale of Business |
- |
0.0 |
-0.3 |
0.0 |
- |
|
Sale/Maturity of Investment |
71.1 |
35.9 |
66.9 |
65.4 |
60.9 |
|
Purchase of Investments |
-60.9 |
-98.2 |
-35.9 |
-60.7 |
-79.1 |
|
Other Investing Cash Flow |
-2.0 |
-4.4 |
-3.4 |
2.3 |
22.6 |
|
Other Investing Cash Flow Items, Total |
8.2 |
-66.7 |
27.2 |
10.6 |
4.5 |
|
Cash from Investing Activities |
-17.1 |
-80.8 |
9.8 |
-11.3 |
-17.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.4 |
-1.0 |
-1.6 |
- |
- |
|
Financing Cash Flow Items |
-0.4 |
-1.0 |
-1.6 |
- |
- |
|
Cash Dividends Paid - Common |
-12.5 |
-9.8 |
-9.1 |
-10.6 |
-13.0 |
|
Total Cash Dividends Paid |
-12.5 |
-9.8 |
-9.1 |
-10.6 |
-13.0 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
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, Net |
0.9 |
-1.6 |
-1.9 |
0.5 |
0.0 |
|
Long Term Debt Issued |
0.0 |
2.9 |
0.6 |
0.0 |
- |
|
Long Term Debt
Reduction |
-1.3 |
-0.5 |
0.0 |
-2.4 |
0.0 |
|
Long Term Debt, Net |
-1.3 |
2.5 |
0.6 |
-2.4 |
0.0 |
|
Issuance (Retirement) of Debt, Net |
-0.4 |
0.9 |
-1.3 |
-1.9 |
0.0 |
|
Cash from Financing Activities |
-13.3 |
-9.9 |
-12.0 |
-12.6 |
-13.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.7 |
-0.4 |
1.5 |
-0.6 |
0.5 |
|
Net Change in Cash |
-13.1 |
-25.6 |
38.0 |
26.0 |
-41.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
173.3 |
185.4 |
133.4 |
91.2 |
130.4 |
|
Net Cash - Ending Balance |
160.1 |
159.7 |
171.4 |
117.3 |
89.2 |
|
Cash Interest Paid |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Cash Taxes Paid |
40.2 |
11.3 |
3.4 |
0.9 |
15.2 |
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 |
60.3 |
38.9 |
25.5 |
12.8 |
45.8 |
|
Depreciation |
42.8 |
30.8 |
19.3 |
9.0 |
33.7 |
|
Depreciation/Depletion |
42.8 |
30.8 |
19.3 |
9.0 |
33.7 |
|
Amortization of Acquisition Costs |
2.2 |
1.6 |
0.9 |
0.5 |
1.7 |
|
Amortization |
2.2 |
1.6 |
0.9 |
0.5 |
1.7 |
|
Unusual Items |
11.4 |
8.0 |
2.7 |
3.1 |
6.2 |
|
Other Non-Cash Items |
5.3 |
4.3 |
2.4 |
0.7 |
5.0 |
|
Non-Cash Items |
16.7 |
12.3 |
5.0 |
3.7 |
11.2 |
|
Accounts Receivable |
-39.1 |
11.4 |
21.3 |
-5.5 |
-7.5 |
|
Inventories |
-37.0 |
-32.7 |
-12.6 |
0.8 |
5.0 |
|
Accounts Payable |
19.7 |
2.2 |
-1.0 |
-1.7 |
-1.1 |
|
Accrued Expenses |
2.1 |
-4.7 |
0.4 |
-4.4 |
2.4 |
|
Other Liabilities |
-15.4 |
-11.2 |
-7.1 |
-3.3 |
-10.8 |
|
Other Operating Cash Flow |
-37.8 |
-40.4 |
-29.8 |
-26.8 |
-14.8 |
|
Changes in Working Capital |
-107.4 |
-75.4 |
-28.7 |
-40.8 |
-26.8 |
|
Cash from Operating Activities |
14.5 |
8.2 |
22.1 |
-14.9 |
65.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-23.7 |
-21.2 |
-11.7 |
-5.0 |
-9.6 |
|
Purchase/Acquisition of Intangibles |
-1.7 |
-1.0 |
-0.7 |
-0.4 |
-4.6 |
|
Capital Expenditures |
-25.4 |
-22.2 |
-12.3 |
-5.5 |
-14.1 |
|
Sale/Maturity of Investment |
71.1 |
54.8 |
35.5 |
15.3 |
35.9 |
|
Investment, Net |
- |
- |
- |
- |
0.0 |
|
Purchase of Investments |
-60.9 |
-46.0 |
-33.2 |
-12.5 |
-98.2 |
|
Other Investing Cash Flow |
-2.0 |
-2.3 |
0.1 |
-0.1 |
-4.4 |
|
Other Investing Cash Flow Items, Total |
8.2 |
6.5 |
2.4 |
2.7 |
-66.7 |
|
Cash from Investing Activities |
-17.1 |
-15.7 |
-9.9 |
-2.7 |
-80.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.4 |
-0.2 |
-0.2 |
-0.3 |
-1.0 |
|
Financing Cash Flow Items |
-0.4 |
-0.2 |
-0.2 |
-0.3 |
-1.0 |
|
Cash Dividends Paid - Common |
-12.5 |
-12.3 |
-6.9 |
-6.7 |
-9.8 |
|
Total Cash Dividends Paid |
-12.5 |
-12.3 |
-6.9 |
-6.7 |
-9.8 |
|
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, Net |
0.9 |
0.3 |
-0.2 |
0.9 |
-1.6 |
|
Long Term Debt Issued |
0.0 |
0.0 |
- |
- |
2.9 |
|
Long Term Debt
Reduction |
-1.3 |
-0.7 |
-0.6 |
- |
-0.5 |
|
Long Term Debt, Net |
-1.3 |
-0.7 |
-0.6 |
- |
2.5 |
|
Issuance (Retirement) of Debt, Net |
-0.4 |
-0.4 |
-0.9 |
0.9 |
0.9 |
|
Cash from Financing Activities |
-13.3 |
-12.9 |
-7.9 |
-6.0 |
-9.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.7 |
2.0 |
2.4 |
0.6 |
-0.4 |
|
Net Change in Cash |
-13.1 |
-18.4 |
6.6 |
-23.0 |
-25.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
173.3 |
171.0 |
166.9 |
161.2 |
185.4 |
|
Net Cash - Ending Balance |
160.1 |
152.6 |
173.5 |
138.2 |
159.7 |
|
Cash Interest Paid |
2.4 |
1.8 |
1.1 |
0.6 |
2.2 |
|
Cash Taxes Paid |
40.2 |
39.8 |
25.5 |
23.6 |
11.3 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
Total Revenue |
617.0 |
490.6 |
396.3 |
353.8 |
307.2 |
|
|
|
|
|
|
|
|
Cost of Sales |
351.4 |
288.4 |
251.6 |
230.6 |
201.3 |
|
Shipping Expenses |
- |
- |
- |
- |
8.3 |
|
Advertising Expense |
- |
- |
- |
- |
5.7 |
|
Payrolls |
40.0 |
35.1 |
29.3 |
24.5 |
20.2 |
|
Provision for Bonuses |
6.7 |
5.2 |
3.4 |
2.7 |
2.5 |
|
Provision for officers' bonuses |
1.1 |
0.9 |
0.4 |
- |
- |
|
Allowance for Doubtful Accounts |
0.5 |
0.6 |
0.3 |
0.3 |
- |
|
Periodic Retirement Benefit Costs |
- |
- |
- |
- |
3.5 |
|
Bonuses |
- |
- |
- |
- |
4.8 |
|
Traveling Expenses |
- |
- |
- |
- |
4.6 |
|
Depreciation Expenses |
- |
- |
- |
- |
6.5 |
|
R & D Expenses |
- |
- |
- |
- |
8.8 |
|
Allowance for Environmental measure |
0.0 |
0.2 |
- |
- |
- |
|
Other Selling & General Expense |
140.7 |
109.2 |
93.0 |
81.8 |
33.8 |
|
SP Gains on Repurchase of Debts |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Reversal G on allow.doubt.accounts |
- |
- |
- |
0.0 |
0.0 |
|
SP Other gains |
-0.1 |
0.0 |
- |
- |
- |
|
SP Loss on Val. of Investment Secs. |
1.6 |
0.0 |
3.2 |
0.4 |
0.0 |
|
SP Impairment loss |
- |
0.0 |
7.2 |
0.8 |
6.8 |
|
SP Director's Retirement Service Money |
- |
- |
- |
- |
0.0 |
|
SP Nonrecurring depreciation |
- |
- |
0.0 |
0.2 |
0.0 |
|
SP Additional retire. benefits |
- |
- |
- |
0.0 |
32.7 |
|
SP Reemployment support |
- |
- |
- |
0.0 |
0.7 |
|
SP L on retire. of inventories |
- |
- |
0.0 |
2.4 |
3.5 |
|
SP Loss Val. of inventory |
- |
0.0 |
1.4 |
0.0 |
- |
|
SP Corporate funeral expense |
- |
- |
0.0 |
0.3 |
0.0 |
|
SP Business restructuring loss |
1.7 |
3.2 |
0.0 |
1.0 |
0.0 |
|
SP L on adjust for chg. of accts.asst |
0.9 |
0.0 |
- |
- |
- |
|
SP Loss on disaster |
3.6 |
0.0 |
- |
- |
- |
|
SP Amortization . of Membership |
- |
- |
- |
- |
0.0 |
|
NOP Val. of inventory |
- |
- |
0.0 |
1.1 |
0.1 |
|
Total Operating Expense |
548.2 |
442.7 |
389.7 |
346.2 |
343.9 |
|
|
|
|
|
|
|
|
NOP Interest Income |
1.1 |
1.1 |
1.3 |
1.4 |
0.9 |
|
NOP Dividends Received |
0.5 |
0.5 |
0.7 |
1.0 |
1.0 |
|
NOP Foreign Exchange Gains |
0.0 |
0.4 |
0.0 |
0.0 |
1.9 |
|
NOP Insurance Benefits |
0.5 |
0.6 |
0.3 |
0.7 |
0.4 |
|
NOP Gain on Management of Inv't Unions |
- |
- |
- |
0.0 |
6.4 |
|
NOP Gain on sales of scraps |
0.5 |
0.3 |
- |
- |
- |
|
NOP Gain on Managing Anonymous Invest. |
- |
- |
0.0 |
2.3 |
7.0 |
|
NOP Other Non-Operating Income |
0.9 |
0.6 |
1.0 |
1.4 |
0.5 |
|
NOP Interest Expense |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
0.0 |
|
NOP Exchange Loss |
-4.4 |
0.0 |
-2.9 |
-0.8 |
0.0 |
|
NOP Loss Inv. Fund |
-2.0 |
-1.8 |
-1.6 |
-1.6 |
0.0 |
|
NOP L on anonymous inv't associations |
-1.3 |
-0.6 |
-3.5 |
0.0 |
- |
|
NOP Other Non-Operating Expenses |
-0.7 |
-0.3 |
-0.7 |
-0.5 |
0.0 |
|
SP Gain on Sale of LT Inv't. Secs. |
0.2 |
0.7 |
3.9 |
1.3 |
1.2 |
|
SP Gain on Sale of Fixed Assets |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP G on sale of affiliated securities |
- |
0.0 |
1.4 |
0.0 |
- |
|
SP L on redemption of invest. sec. |
-1.1 |
0.0 |
- |
- |
- |
|
SP Loss on Sale of LT Inv't. Secs. |
0.0 |
-0.2 |
0.0 |
-0.6 |
-0.1 |
|
SP Loss on Sale/Retire. of Fixed Assets |
-0.6 |
-1.1 |
-0.9 |
-0.9 |
-2.7 |
|
Net Income Before Taxes |
60.3 |
45.8 |
3.0 |
10.7 |
-20.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
31.2 |
21.4 |
7.4 |
5.5 |
-2.5 |
|
Net Income After Taxes |
29.2 |
24.4 |
-4.5 |
5.2 |
-17.7 |
|
|
|
|
|
|
|
|
Minority Interests |
-0.5 |
-0.7 |
-0.3 |
-0.1 |
0.3 |
|
Net Income Before Extra. Items |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Net Income |
28.7 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Directors' Bonuses |
- |
- |
- |
- |
0.0 |
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Basic EPS Including ExtraOrdinary Item |
0.94 |
0.78 |
-0.16 |
0.17 |
-0.57 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
28.6 |
23.6 |
-4.8 |
5.1 |
-17.4 |
|
Diluted Weighted Average Shares |
30.6 |
30.5 |
30.4 |
30.4 |
30.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
Diluted EPS Including ExtraOrd Items |
0.94 |
0.77 |
-0.16 |
0.17 |
-0.57 |
|
DPS-Common Stock |
0.41 |
0.38 |
0.30 |
0.26 |
0.43 |
|
Gross Dividends - Common Stock |
12.4 |
11.4 |
9.1 |
8.0 |
13.0 |
|
Normalized Income Before Taxes |
70.0 |
51.6 |
16.9 |
16.3 |
22.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
35.0 |
23.3 |
11.4 |
7.2 |
12.6 |
|
Normalized Income After Taxes |
35.0 |
28.3 |
5.5 |
9.0 |
10.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.5 |
27.5 |
5.2 |
8.9 |
10.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Diluted Normalized EPS |
1.13 |
0.90 |
0.17 |
0.29 |
0.35 |
|
Advertising Expense ( SGA) |
- |
- |
- |
- |
5.7 |
|
R & D Expense (SGA+COGS) |
11.7 |
8.2 |
9.1 |
8.8 |
8.8 |
|
Interest Expense |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Depreciation |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Amort. of goodwill |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Reported operating profit |
76.5 |
51.1 |
18.3 |
13.9 |
7.2 |
|
Reported ordinary profit |
69.3 |
49.7 |
10.4 |
16.0 |
25.2 |
|
Service Cost |
2.7 |
2.5 |
2.0 |
1.8 |
1.6 |
|
Interest Cost |
0.6 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Expected Return on Plan Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses |
0.6 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Prior Service Cost |
1.5 |
1.4 |
1.3 |
1.1 |
1.1 |
|
Welfare Pension Plan |
2.7 |
2.3 |
2.0 |
1.5 |
2.0 |
|
Other Pension Cost |
0.1 |
0.2 |
0.1 |
0.1 |
32.9 |
|
Domestic Pension Plan Expense |
8.3 |
7.3 |
6.4 |
5.5 |
38.5 |
|
Defined Contribution Expense |
1.1 |
1.0 |
1.0 |
0.8 |
1.0 |
|
Total Pension Expense |
9.4 |
8.4 |
7.4 |
6.3 |
39.5 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Interim
Income Statement
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net sales |
202.1 |
195.7 |
150.4 |
136.5 |
137.2 |
|
Total Revenue |
202.1 |
195.7 |
150.4 |
136.5 |
137.2 |
|
|
|
|
|
|
|
|
Cost of sales |
112.6 |
112.6 |
82.9 |
78.4 |
79.0 |
|
Total SGA Expense |
52.9 |
- |
- |
- |
- |
|
Payrolls |
- |
10.5 |
10.5 |
9.6 |
9.6 |
|
Provision for Bonuses |
- |
- |
3.4 |
2.6 |
3.1 |
|
Allowance for Doubtful Accounts |
- |
0.1 |
0.3 |
0.1 |
- |
|
Other Selling & General Expenses |
- |
47.3 |
34.0 |
31.2 |
27.8 |
|
SP Recovery of bad debts |
- |
- |
0.0 |
0.0 |
- |
|
SP Reversal G on allow.doubt.accounts |
0.0 |
- |
- |
- |
0.0 |
|
SP Reversal G on val. of LT inv't secs. |
- |
-2.8 |
- |
-1.2 |
- |
|
SP Other Special gains |
- |
0.0 |
- |
- |
- |
|
SP Loss on Val. of LT Inv't. Secs. |
0.0 |
- |
3.9 |
- |
1.7 |
|
SP Business restructuring expense |
- |
1.8 |
0.0 |
0.0 |
- |
|
SP L adjust. for changes of acct. asset |
0.0 |
- |
- |
- |
0.8 |
|
SP Loss on disaster |
0.9 |
- |
- |
- |
0.0 |
|
SP Other Special losses |
- |
3.7 |
- |
- |
- |
|
Total Operating Expense |
166.4 |
173.2 |
135.0 |
120.7 |
122.0 |
|
|
|
|
|
|
|
|
NOP Interest Income |
0.2 |
0.4 |
0.3 |
0.3 |
0.2 |
|
NOP Dividend Received |
0.4 |
0.0 |
0.1 |
0.1 |
0.3 |
|
NOP Foreign Exchange Gains |
1.6 |
0.0 |
- |
- |
0.0 |
|
NOP Insurance Benefit |
- |
0.0 |
- |
0.4 |
- |
|
NOP G on anonymous inv't associations |
0.1 |
0.7 |
0.0 |
0.5 |
0.0 |
|
NOP Other non-operating income |
0.4 |
0.7 |
0.3 |
0.2 |
0.2 |
|
NOP Interest expenses |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
|
NOP Exchange Loss |
0.0 |
-0.6 |
-0.2 |
-2.8 |
-0.8 |
|
NOP L on investment union |
-0.3 |
-0.6 |
-0.1 |
-1.0 |
-0.3 |
|
NOP L on anonymous inv't associations |
0.0 |
- |
-1.6 |
0.0 |
-0.9 |
|
NOP Other Non-Operating expense |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
-0.1 |
|
SP G on sale of LT inv't. secs. |
0.5 |
0.1 |
0.0 |
- |
0.0 |
|
SP G on sale of fixed assets |
0.0 |
0.2 |
0.0 |
0.1 |
0.0 |
|
SP L on redempt. LT inv't. secs. |
0.0 |
-0.7 |
- |
- |
-0.4 |
|
SP L on Sale of LT inv't. secs. |
-0.7 |
- |
- |
- |
0.0 |
|
SP L on Sale/Retire. of Fixed Assets |
0.0 |
-0.4 |
0.0 |
-0.1 |
-0.1 |
|
Net Income Before Taxes |
37.3 |
21.7 |
13.4 |
12.7 |
12.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
14.6 |
11.4 |
7.5 |
6.2 |
6.3 |
|
Net Income After Taxes |
22.7 |
10.4 |
5.9 |
6.5 |
6.6 |
|
|
|
|
|
|
|
|
Minority Interests |
-0.1 |
-0.2 |
-0.2 |
0.0 |
-0.1 |
|
Net Income Before Extra. Items |
22.5 |
10.2 |
5.7 |
6.5 |
6.4 |
|
Net Income |
22.5 |
10.2 |
5.7 |
6.5 |
6.4 |
|
|
|
|
|
|
|
|
Directors' Bonuses |
- |
- |
- |
- |
0.0 |
|
Earning Adjustment |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
22.5 |
10.3 |
5.7 |
6.5 |
6.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
22.5 |
10.3 |
5.7 |
6.5 |
6.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
30.5 |
30.5 |
30.5 |
30.5 |
30.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
Basic EPS Including ExtraOrdinary Item |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
22.5 |
10.3 |
5.7 |
6.5 |
6.4 |
|
Diluted Weighted Average Shares |
30.6 |
30.6 |
30.6 |
30.6 |
30.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
Diluted EPS Including ExtraOrd Items |
0.74 |
0.34 |
0.19 |
0.21 |
0.21 |
|
DPS-Common Stock |
0.00 |
0.24 |
0.00 |
0.17 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
7.4 |
0.0 |
5.3 |
0.0 |
|
Normalized Income Before Taxes |
38.2 |
25.3 |
18.0 |
11.9 |
15.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
15.0 |
12.9 |
9.7 |
5.6 |
7.5 |
|
Normalized Income After Taxes |
23.2 |
12.4 |
8.2 |
6.3 |
8.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
23.1 |
12.3 |
8.0 |
6.3 |
8.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.76 |
0.40 |
0.26 |
0.21 |
0.27 |
|
Diluted Normalized EPS |
0.75 |
0.40 |
0.26 |
0.21 |
0.27 |
|
Interest Expense |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Amortization of goodwill |
- |
0.6 |
0.6 |
0.5 |
0.5 |
|
Depreciation |
- |
12.0 |
11.6 |
10.4 |
9.0 |
|
Reported Operating Profit |
36.6 |
25.3 |
19.3 |
14.6 |
17.7 |
|
Reported ordinary profit |
38.4 |
25.3 |
17.2 |
11.4 |
15.8 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
135.4 |
148.5 |
149.1 |
115.6 |
61.1 |
|
Accounts & Notes Receivable, Gross |
186.8 |
137.6 |
121.0 |
143.7 |
123.0 |
|
Lease receivable & lease inv. assets |
26.0 |
18.8 |
17.5 |
0.0 |
- |
|
Marketable Secs. |
96.5 |
91.6 |
46.3 |
61.2 |
76.7 |
|
Inventories- Total |
- |
- |
- |
- |
40.0 |
|
Merchandise & finished goods |
44.7 |
32.9 |
35.3 |
25.7 |
- |
|
Inventories - work-in-process |
3.8 |
2.4 |
2.5 |
1.7 |
- |
|
Raw materials & supplies |
16.1 |
13.1 |
12.8 |
10.4 |
- |
|
Deferred Income Taxes (Current) |
10.9 |
8.9 |
5.4 |
6.7 |
3.0 |
|
Other Current Assets |
4.2 |
4.3 |
3.3 |
5.5 |
8.1 |
|
Allow.Doubt.Accounts (Current) |
-1.0 |
-0.7 |
-0.5 |
-0.6 |
0.0 |
|
Total Current Assets |
523.4 |
457.4 |
392.7 |
370.0 |
312.0 |
|
|
|
|
|
|
|
|
Buildings & Structures, Gross |
301.8 |
263.3 |
247.6 |
246.6 |
204.1 |
|
Accum. depr - bldg&struc |
-191.1 |
-163.3 |
-149.9 |
-141.9 |
- |
|
Machineries, Equip., & Vehicle, Gross |
84.6 |
77.5 |
77.9 |
79.7 |
58.8 |
|
Accum. depr - machin&vehicles |
-64.2 |
-57.2 |
-55.5 |
-53.3 |
- |
|
Land |
102.6 |
87.4 |
82.7 |
82.3 |
68.5 |
|
Lease assets, gross |
6.6 |
6.5 |
5.9 |
- |
- |
|
Accum. depr - lease assets |
-4.4 |
-3.0 |
-1.9 |
- |
- |
|
Rental assets, gross |
126.0 |
78.5 |
48.5 |
- |
- |
|
Accum. depr - rental assets |
-36.0 |
-18.8 |
-7.8 |
- |
- |
|
Construction-In-Progress |
0.7 |
2.0 |
0.8 |
1.2 |
0.1 |
|
Other, Prop., Plants, & Equip., Gross |
87.8 |
73.7 |
67.4 |
68.8 |
55.5 |
|
Accum. depr - other PPE |
-74.3 |
-62.5 |
-56.5 |
-53.6 |
- |
|
Total Accumulated Depreciation |
- |
- |
- |
- |
-202.7 |
|
Goodwill |
5.5 |
5.3 |
6.1 |
12.8 |
7.6 |
|
Other intangible |
22.8 |
23.0 |
20.9 |
23.6 |
18.6 |
|
Long-Term Investment in Securities |
118.2 |
92.8 |
84.8 |
113.8 |
94.9 |
|
Deferred Income Taxes (Non-Current) |
23.2 |
16.5 |
13.1 |
5.9 |
6.3 |
|
Other Assets |
42.1 |
38.2 |
32.8 |
30.5 |
24.9 |
|
Allow.Doubt.Accounts (Non-Current) |
-1.3 |
-1.3 |
-0.8 |
-0.9 |
-1.0 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
Trade Accounts Payable |
78.6 |
54.1 |
51.5 |
56.8 |
48.8 |
|
Short-Term Borrowings |
8.4 |
6.5 |
7.5 |
10.7 |
0.0 |
|
LT borrowings (current) |
0.1 |
0.1 |
0.1 |
0.4 |
- |
|
Lease obligations |
24.1 |
18.8 |
13.6 |
0.0 |
- |
|
Income Taxes Payable |
24.2 |
24.3 |
6.9 |
2.5 |
0.3 |
|
Reserve for Bonuses |
12.7 |
9.3 |
6.2 |
6.3 |
4.7 |
|
Reserve for directors' bonuses |
1.2 |
0.9 |
0.4 |
0.0 |
- |
|
Other Current Liabilities |
39.5 |
32.9 |
24.3 |
36.5 |
22.4 |
|
Total Current Liabilities |
188.7 |
147.1 |
110.5 |
113.2 |
76.2 |
|
|
|
|
|
|
|
|
LT Debts |
1.5 |
2.7 |
0.3 |
0.7 |
0.2 |
|
Lease obligations |
56.9 |
53.1 |
42.9 |
0.0 |
- |
|
Total Long Term Debt |
58.4 |
55.7 |
43.2 |
0.7 |
0.2 |
|
|
|
|
|
|
|
|
Deferred Tax Liabilities (Non-Current) |
- |
- |
- |
- |
0.0 |
|
Reserve for Retirement Benefit(accrued) |
30.2 |
22.7 |
17.5 |
13.8 |
8.4 |
|
Reserve for environmental measures |
0.6 |
0.5 |
0.0 |
- |
- |
|
Other Long-Term Liabilities |
11.8 |
12.8 |
12.0 |
14.1 |
8.1 |
|
Minority Interests |
1.8 |
1.3 |
1.7 |
1.5 |
0.8 |
|
Total Liabilities |
291.5 |
240.0 |
184.9 |
143.2 |
93.7 |
|
|
|
|
|
|
|
|
Common Stock |
79.5 |
70.5 |
66.7 |
66.2 |
55.8 |
|
Capital Surplus |
87.8 |
77.9 |
73.7 |
73.1 |
61.6 |
|
Retained Surplus |
654.4 |
565.6 |
523.1 |
534.0 |
455.5 |
|
Treasury Stock |
-39.5 |
-36.2 |
-35.8 |
-35.5 |
-29.9 |
|
Reserve by Val. of Investment Sec. |
-0.3 |
-1.3 |
-3.3 |
4.5 |
9.6 |
|
Cumulative Translation Adjustments |
-0.3 |
-1.1 |
-0.4 |
0.0 |
1.4 |
|
Subscription rights to shares |
1.1 |
0.4 |
0.0 |
- |
- |
|
Total Equity |
782.6 |
675.8 |
623.9 |
642.3 |
554.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,074.1 |
915.9 |
808.8 |
785.6 |
647.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
Total Common Shares Outstanding |
30.5 |
30.4 |
30.4 |
30.4 |
30.4 |
|
T/S-Common Stock |
1.2 |
1.2 |
1.3 |
1.3 |
0.0 |
|
Full-Time Employees |
1,915 |
1,697 |
1,487 |
1,438 |
1,246 |
|
Number of Common Shareholders |
13,349 |
14,352 |
15,172 |
16,217 |
17,082 |
|
LT debt due within 1 year |
0.1 |
0.1 |
0.1 |
0.4 |
0.2 |
|
LT debt due from 1 to 2 year |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
LT debt due from 2 to 3 year |
0.0 |
0.1 |
0.1 |
0.2 |
0.0 |
|
LT debt due from 3 to 4 year |
1.4 |
0.0 |
0.1 |
0.1 |
0.0 |
|
LT debt due from 4 to 5 year |
0.0 |
2.5 |
0.0 |
0.1 |
- |
|
Remaining |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
1.6 |
2.8 |
0.4 |
1.1 |
0.4 |
|
Capital Leases Maturing within 1 Yr |
24.1 |
18.8 |
13.6 |
- |
- |
|
Capital Leases Maturing within 2 Yrs |
20.4 |
17.5 |
14.5 |
- |
- |
|
Capital Leases Maturing within 3 Yrs |
16.4 |
15.3 |
13.0 |
- |
- |
|
Capital Leases Maturing within 4 Yrs |
12.9 |
11.6 |
9.3 |
- |
- |
|
Capital Leases Maturing within 5 Yrs |
6.5 |
8.1 |
5.5 |
- |
- |
|
Capital Leases Remaining Maturities |
0.7 |
0.6 |
0.6 |
- |
- |
|
Total Capital Leases |
81.0 |
71.9 |
56.5 |
- |
- |
|
Pension Obligation |
36.1 |
30.9 |
26.6 |
25.7 |
20.3 |
|
Fair Value of Plan Assets |
0.6 |
0.6 |
0.7 |
0.8 |
0.8 |
|
Funded Status |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Total Funded Status |
-35.5 |
-30.3 |
-25.9 |
-24.9 |
-19.5 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Unrecognized Actuarial Gains and Losses |
-0.4 |
1.1 |
0.9 |
2.4 |
2.7 |
|
Unrecognized Prior Service Cost |
5.8 |
6.5 |
7.5 |
8.7 |
8.4 |
|
Prepaid Pension Benefits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Reserve for Accrued Retirement Benefits |
-30.2 |
-22.7 |
-17.5 |
-13.8 |
-8.4 |
|
Net Assets Recognized on Balance Sheet |
-24.8 |
-15.0 |
-9.1 |
-2.7 |
2.8 |
Interim
Balance Sheet
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash & Deposit |
119.3 |
135.4 |
132.5 |
154.9 |
132.8 |
|
Accounts & Notes Receivable, Gross |
213.3 |
186.8 |
142.6 |
127.6 |
147.5 |
|
Lease receivable & lease inv. assets |
27.9 |
26.0 |
22.2 |
22.7 |
22.7 |
|
Marketable Securities |
95.3 |
96.5 |
106.8 |
108.2 |
91.0 |
|
Merchandise & finished goods |
52.1 |
44.7 |
52.8 |
41.5 |
34.0 |
|
Inventories - work-in-process |
3.6 |
3.8 |
2.5 |
2.7 |
2.3 |
|
Raw materials & supplies |
13.8 |
16.1 |
14.6 |
13.8 |
13.5 |
|
Current Assets Other |
13.4 |
15.1 |
13.8 |
15.1 |
13.2 |
|
Allow.Doubt.Accounts (Current) |
-1.0 |
-1.0 |
-0.8 |
-0.6 |
-0.7 |
|
Total Current Assets |
537.6 |
523.4 |
487.0 |
485.9 |
456.2 |
|
|
|
|
|
|
|
|
Buildings & Structures, Gross |
310.5 |
301.8 |
307.1 |
295.6 |
278.8 |
|
Accum. depr - bldg&struc |
-198.1 |
-191.1 |
-193.6 |
-186.1 |
-174.1 |
|
Machineries, Equip., & Vehicle, Gross |
87.3 |
84.6 |
87.1 |
85.1 |
81.7 |
|
Accum. depr - machin&vehicles |
-67.1 |
-64.2 |
-65.0 |
-62.5 |
-60.5 |
|
Land |
105.3 |
102.6 |
104.9 |
97.7 |
92.3 |
|
Lease assets |
6.1 |
6.6 |
7.0 |
7.0 |
6.9 |
|
Accum. depr - lease assets |
-4.3 |
-4.4 |
-4.3 |
-4.0 |
-3.6 |
|
Rental assets, gross |
132.5 |
126.0 |
124.4 |
107.4 |
91.0 |
|
Accum. depr - rental assets |
-40.0 |
-36.0 |
-32.7 |
-28.3 |
-23.3 |
|
Construction-In-Progress |
0.8 |
0.7 |
0.7 |
0.1 |
2.1 |
|
Other, Prop., Plants, & Equip., Gross |
90.6 |
87.8 |
89.3 |
86.4 |
79.4 |
|
Accum. depr - other PPE |
-77.0 |
-74.3 |
-74.6 |
-71.3 |
-66.3 |
|
Goodwill |
5.1 |
5.5 |
6.8 |
5.0 |
5.2 |
|
Other intangible assets |
23.7 |
22.8 |
23.7 |
23.8 |
23.5 |
|
Long-Term Investment in Securities |
124.8 |
118.2 |
111.1 |
111.2 |
99.3 |
|
Other |
67.1 |
65.3 |
64.3 |
63.6 |
57.4 |
|
Allow.Doubt.Accounts (Non-Current) |
-1.3 |
-1.3 |
-1.4 |
-1.2 |
-1.1 |
|
Total Assets |
1,103.6 |
1,074.1 |
1,041.7 |
1,015.3 |
944.7 |
|
|
|
|
|
|
|
|
Trade Accounts Payable |
94.7 |
78.6 |
62.5 |
56.7 |
54.6 |
|
Short-term borrowings |
10.2 |
8.4 |
8.0 |
7.2 |
7.9 |
|
LT borrowings (current) |
- |
0.1 |
- |
- |
- |
|
Lease obligations |
24.7 |
24.1 |
24.7 |
24.1 |
22.1 |
|
Income Taxes Payable |
11.8 |
24.2 |
9.2 |
15.7 |
4.6 |
|
Reserve for Bonuses |
6.3 |
12.7 |
5.7 |
11.0 |
5.3 |
|
Other |
39.8 |
40.7 |
33.9 |
30.5 |
36.3 |
|
Total Current Liabilities |
187.5 |
188.7 |
144.0 |
145.1 |
130.8 |
|
|
|
|
|
|
|
|
Long term debt |
1.5 |
1.5 |
2.2 |
2.2 |
2.8 |
|
Lease obligations |
52.0 |
56.9 |
62.5 |
61.5 |
57.0 |
|
Total Long Term Debt |
53.5 |
58.4 |
64.8 |
63.7 |
59.8 |
|
|
|
|
|
|
|
|
Reserve for Retirement Benefits (accrued |
31.9 |
30.2 |
29.5 |
27.5 |
24.8 |
|
Reserve for environmental measures |
0.6 |
0.6 |
0.5 |
0.5 |
0.5 |
|
Other Long-Term Liabilities |
11.6 |
11.8 |
12.9 |
13.1 |
13.5 |
|
Minority Interest |
2.0 |
1.8 |
1.7 |
1.6 |
1.5 |
|
Total Liabilities |
287.1 |
291.5 |
253.4 |
251.5 |
230.9 |
|
|
|
|
|
|
|
|
Common Stock |
81.6 |
79.5 |
81.3 |
78.9 |
74.5 |
|
Capital Surplus |
90.1 |
87.8 |
89.7 |
87.1 |
82.2 |
|
Retained Surplus |
686.8 |
654.4 |
658.3 |
639.0 |
597.0 |
|
Treasury Stock |
-40.4 |
-39.5 |
-40.6 |
-39.8 |
-38.0 |
|
Reserve by Val. of Investment Sec. |
-0.7 |
-0.3 |
-0.2 |
-2.4 |
-1.6 |
|
Cumulative Translation Adjustments |
-2.1 |
-0.3 |
-1.2 |
0.3 |
-0.8 |
|
New Stock Subscription Right |
1.2 |
1.1 |
0.9 |
0.7 |
0.6 |
|
Total Equity |
816.6 |
782.6 |
788.2 |
763.8 |
713.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,103.6 |
1,074.1 |
1,041.7 |
1,015.3 |
944.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
30.5 |
30.5 |
30.5 |
30.5 |
30.4 |
|
Total Common Shares Outstanding |
30.5 |
30.5 |
30.5 |
30.5 |
30.4 |
|
T/S-Common Stock |
1.2 |
1.2 |
1.2 |
1.2 |
1.2 |
|
Full-Time Employees |
- |
1,915 |
1,880 |
1,786 |
1,724 |
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 with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income before Taxes |
60.3 |
45.8 |
2.9 |
10.7 |
-20.2 |
|
Depreciation |
42.8 |
33.7 |
32.7 |
16.6 |
15.6 |
|
Impairment losses on assets |
- |
0.0 |
7.2 |
0.8 |
6.8 |
|
Amort. of goodwill |
2.2 |
1.7 |
2.6 |
2.1 |
0.0 |
|
Reserve for Bonuses |
2.1 |
2.4 |
0.0 |
0.4 |
-3.0 |
|
Reserve for Retirement Benefits(accrued) |
4.5 |
4.2 |
3.7 |
3.4 |
-2.7 |
|
Reserve for Directors' Retire. Benefits |
- |
- |
- |
- |
0.0 |
|
Reserve for Doubtful Accounts |
0.1 |
0.5 |
0.2 |
-0.1 |
0.0 |
|
Reversal of Int.& Dividends Received |
-1.6 |
-1.5 |
-2.1 |
-2.3 |
-1.9 |
|
Reversal of Interest Expenses |
2.4 |
2.2 |
2.5 |
0.0 |
- |
|
Exchange Gains/Losses |
0.4 |
0.2 |
0.1 |
0.0 |
-1.2 |
|
Insurance Benefits |
-0.5 |
-0.6 |
-0.3 |
-0.7 |
-0.4 |
|
Gain on Management of Inv't Unions |
- |
- |
- |
0.0 |
-6.4 |
|
Loss on Management of Inv't Unions |
2.0 |
1.8 |
1.6 |
1.6 |
0.0 |
|
G/L on Managing Anonymous Invest. |
1.3 |
0.6 |
3.5 |
-2.3 |
-7.0 |
|
Gain on Sale of Long-Term Inv't in Secs. |
- |
- |
- |
-1.3 |
-1.2 |
|
Loss on Sale of Long-Term Inv't in Secs. |
- |
- |
- |
0.6 |
0.1 |
|
Sale marketable & inv't secs. |
0.9 |
-0.5 |
-3.8 |
0.0 |
- |
|
Val. of marketable & inv't secs. |
1.6 |
0.0 |
3.2 |
0.0 |
- |
|
Sale affli.'s shares |
- |
0.0 |
-1.4 |
0.0 |
- |
|
Loss on Val. Long-Term Inv't in Secs. |
- |
- |
- |
0.4 |
0.0 |
|
Loss on Sale/ retire of Fixed Assets |
0.3 |
1.1 |
0.9 |
0.9 |
2.7 |
|
Additional retirement benefits |
- |
- |
- |
0.0 |
32.7 |
|
(Inc) Dec Accounts Receivable |
-34.7 |
-7.4 |
19.3 |
10.3 |
29.8 |
|
Lease receivagles & lease inv't assets |
-4.4 |
-0.2 |
-2.3 |
0.0 |
- |
|
Increase in assets of rental |
-23.0 |
0.0 |
- |
- |
- |
|
(Inc) Dec Inventories |
-14.0 |
5.0 |
-14.1 |
8.2 |
8.6 |
|
Inc(Dec) in Acts & Notes Payable |
19.7 |
-1.1 |
-1.0 |
-6.3 |
-12.2 |
|
Lease obligations |
-15.4 |
-10.8 |
-7.7 |
0.0 |
- |
|
Director Bonus Paid |
- |
- |
- |
0.0 |
-0.3 |
|
Overseas subs. restructuring exp. |
1.7 |
3.2 |
0.0 |
1.0 |
0.0 |
|
Loss on disaster |
3.6 |
0.0 |
- |
- |
- |
|
Other Operating Activities |
3.5 |
-1.2 |
-5.1 |
6.5 |
-5.6 |
|
Int & Div.Received(Cash Basis) |
1.8 |
1.4 |
2.1 |
2.5 |
1.7 |
|
Interest Paid (Cash Basis) |
-2.4 |
-2.2 |
-2.5 |
-0.5 |
- |
|
Additional retirement benefits |
- |
- |
0.0 |
-0.3 |
-32.4 |
|
Overseas subs. restructuring exp. paid |
-0.5 |
-1.4 |
0.0 |
-1.0 |
0.0 |
|
Income Taxes Paid |
-40.2 |
-11.3 |
-3.4 |
-0.9 |
-15.2 |
|
Adjustment |
- |
0.0 |
- |
- |
0.0 |
|
Cash from Operating Activities |
14.5 |
65.6 |
38.8 |
50.4 |
-11.6 |
|
|
|
|
|
|
|
|
Time Deposit Made |
0.0 |
-0.3 |
0.0 |
0.0 |
-4.3 |
|
Time Deposit Matured |
0.3 |
0.0 |
0.0 |
4.4 |
0.0 |
|
Purchase of Marketable Securities |
-18.7 |
-66.6 |
-18.9 |
-21.9 |
-19.8 |
|
Sale of Marketable Sec. |
52.7 |
17.2 |
50.7 |
42.4 |
34.2 |
|
Capital Expenditure |
-23.7 |
-9.6 |
-15.8 |
-18.5 |
-16.7 |
|
Loss on Sales/Retirement of PPE |
-0.1 |
-0.3 |
-0.3 |
-0.1 |
-0.5 |
|
Purchase of Intangible Assets |
-1.7 |
-4.6 |
-1.6 |
-3.4 |
-4.8 |
|
Purchase of Long-Term Inv't in Sec. |
-42.1 |
-30.2 |
-12.1 |
-38.8 |
-46.8 |
|
Sale of Long-Term Investment in Sec. |
18.2 |
18.7 |
16.1 |
18.6 |
26.7 |
|
Inv't in anonymous association |
-0.2 |
-1.1 |
-5.0 |
0.0 |
- |
|
Distribution of investment union |
0.2 |
0.8 |
0.5 |
1.9 |
19.0 |
|
Insurance Reserve Made |
-0.6 |
-1.1 |
-0.2 |
-0.4 |
-0.2 |
|
Insurance Reserve Matured |
0.5 |
1.4 |
0.4 |
1.0 |
0.5 |
|
Purch. of new sub. |
- |
- |
- |
0.0 |
-8.1 |
|
Gain purch. of new sub. |
- |
- |
0.0 |
3.6 |
0.0 |
|
Outflow due to sale subsidiaries' securi |
- |
0.0 |
-0.3 |
0.0 |
- |
|
Other Investment Activities |
-1.9 |
-5.2 |
-3.8 |
0.0 |
3.8 |
|
Cash from Investing Activities |
-17.1 |
-80.8 |
9.8 |
-11.3 |
-17.1 |
|
|
|
|
|
|
|
|
Change in Short-Term Debt, Net |
0.9 |
-1.6 |
-1.9 |
0.5 |
0.0 |
|
LT debts, issued |
0.0 |
2.9 |
0.6 |
0.0 |
- |
|
LT debts, repaid |
-1.3 |
-0.5 |
0.0 |
-0.9 |
0.0 |
|
Bond Redemption |
- |
- |
0.0 |
-1.5 |
0.0 |
|
Treasury Stock Purchased |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Treasury Stock Sold |
- |
- |
- |
- |
0.0 |
|
Cash Dividends Paid |
-12.5 |
-9.8 |
-9.1 |
-10.6 |
-13.0 |
|
Other Financing Activities |
-0.4 |
-1.0 |
-1.6 |
- |
- |
|
Cash from Financing Activities |
-13.3 |
-9.9 |
-12.0 |
-12.6 |
-13.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.7 |
-0.4 |
1.5 |
-0.6 |
0.5 |
|
Net Change in Cash |
-13.1 |
-25.6 |
38.0 |
26.0 |
-41.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
173.3 |
185.4 |
133.4 |
91.2 |
130.4 |
|
Net Cash - Ending Balance |
160.1 |
159.7 |
171.4 |
117.3 |
89.2 |
|
Cash Interest Paid |
2.4 |
2.2 |
2.5 |
0.5 |
0.0 |
|
Cash Taxes Paid |
40.2 |
11.3 |
3.4 |
0.9 |
15.2 |
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 |
60.3 |
38.9 |
25.5 |
12.8 |
45.8 |
|
Depreciation |
42.8 |
30.8 |
19.3 |
9.0 |
33.7 |
|
Impairment losses on assets |
- |
- |
- |
- |
0.0 |
|
Amort. of Goodwill |
2.2 |
1.6 |
0.9 |
0.5 |
1.7 |
|
Reserve for Bonuses |
2.1 |
-4.7 |
0.4 |
-4.4 |
2.4 |
|
Reserve for Retirement Benefits |
4.5 |
3.2 |
2.1 |
0.9 |
4.2 |
|
Reserve for Doubtful Accounts |
0.1 |
0.0 |
-0.2 |
-0.3 |
0.5 |
|
Reversal of Int.& Dividends Rcvd. |
-1.6 |
-1.2 |
-0.9 |
-0.5 |
-1.5 |
|
Reversal of Interest Expenses |
2.4 |
1.8 |
1.1 |
0.6 |
2.2 |
|
Exchange Gain/Loss |
0.4 |
0.5 |
0.3 |
0.0 |
0.2 |
|
Insurance Benefits |
-0.5 |
- |
- |
- |
-0.6 |
|
Loss on Management of Inv't Unions |
2.0 |
1.4 |
1.2 |
- |
1.8 |
|
G/L on Managing Anonymous Invest. |
1.3 |
2.0 |
0.5 |
0.9 |
0.6 |
|
Gain on Sale of LT Inv't in Secs. |
- |
0.3 |
- |
- |
- |
|
Loss on Sale of LT Inv't in Secs. |
- |
- |
0.4 |
0.0 |
- |
|
Loss on redemp of LT Inv't in Secs. |
- |
- |
- |
0.4 |
- |
|
Sale marketable & inv't secs. |
0.9 |
- |
- |
- |
-0.5 |
|
Val. of marketable & inv't secs. |
1.6 |
- |
- |
- |
0.0 |
|
Loss on Val. LT Inv't in Secs. |
- |
4.2 |
0.5 |
1.7 |
- |
|
L on Sale/Retire. of Fixed Assets |
0.3 |
0.1 |
0.1 |
0.1 |
1.1 |
|
Sale of affil.'s shares |
- |
- |
- |
- |
0.0 |
|
(Inc) Dec Accounts Receivable |
-34.7 |
11.7 |
22.7 |
-2.9 |
-7.4 |
|
Lease receivable & lease inv't assets |
-4.4 |
-0.3 |
-1.4 |
-2.6 |
-0.2 |
|
(Inc) Dec Lease assets |
-23.0 |
-17.8 |
-7.4 |
- |
- |
|
Inventories |
-14.0 |
-14.8 |
-5.2 |
0.8 |
5.0 |
|
Inc(Dec) in Acts & Notes Payable |
19.7 |
2.2 |
-1.0 |
-1.7 |
-1.1 |
|
Lease obligations |
-15.4 |
-11.2 |
-7.1 |
-3.3 |
-10.8 |
|
Overseas subs. restructuring exp. |
1.7 |
- |
- |
- |
3.2 |
|
Loss on disaster |
3.6 |
- |
- |
- |
- |
|
Other Operating Activities |
3.5 |
-0.2 |
-4.0 |
-3.1 |
-1.2 |
|
Int & Div. Received (Cash Basis) |
1.8 |
1.3 |
0.9 |
0.5 |
1.4 |
|
Interest paid (cash basis) |
-2.4 |
-1.8 |
-1.1 |
-0.6 |
-2.2 |
|
Overseas subs. restructuring exp. paid |
-0.5 |
- |
- |
- |
-1.4 |
|
Income Taxes Paid |
-40.2 |
-39.8 |
-25.5 |
-23.6 |
-11.3 |
|
Adjustment |
- |
- |
0.0 |
- |
0.0 |
|
Cash from Operating Activities |
14.5 |
8.2 |
22.1 |
-14.9 |
65.6 |
|
|
|
|
|
|
|
|
Time Deposit Made |
0.0 |
- |
- |
- |
-0.3 |
|
Time Deposit Matured |
0.3 |
0.3 |
0.3 |
- |
- |
|
Purchase of Marketable Sec. |
-18.7 |
-16.1 |
-13.5 |
-2.2 |
-66.6 |
|
Sale of Marketable Sec. |
52.7 |
40.1 |
30.4 |
10.9 |
17.2 |
|
Capital Expenditure |
-23.7 |
-21.2 |
-11.7 |
-5.0 |
-9.6 |
|
Sale/ Retirement of PPE |
-0.1 |
- |
- |
- |
-0.3 |
|
Purchase of Intangible Assets |
-1.7 |
-1.0 |
-0.7 |
-0.4 |
-4.6 |
|
Purchase of LT Inv't in sec. |
-42.1 |
-29.9 |
-19.7 |
-10.3 |
-30.2 |
|
Sale of LT Inv't in sec. |
18.2 |
14.4 |
4.9 |
4.4 |
18.7 |
|
Inv't in anonymous association |
-0.2 |
- |
- |
- |
-1.1 |
|
Distribution of investment union |
0.2 |
- |
- |
- |
0.8 |
|
Insurance reserve made |
-0.6 |
- |
- |
- |
-1.1 |
|
Return of insurance reserve |
0.5 |
- |
- |
- |
1.4 |
|
Loss sale of sub. |
- |
- |
- |
- |
0.0 |
|
Other Investing Activities |
-1.9 |
-2.3 |
0.1 |
-0.1 |
-5.2 |
|
Cash from Investing Activities |
-17.1 |
-15.7 |
-9.9 |
-2.7 |
-80.8 |
|
|
|
|
|
|
|
|
Change in short-term debt, net |
0.9 |
0.3 |
-0.2 |
0.9 |
-1.6 |
|
LT debts, issued |
0.0 |
0.0 |
- |
- |
2.9 |
|
LT debts, repaid |
-1.3 |
-0.7 |
-0.6 |
- |
-0.5 |
|
Treasury Stock Purchased |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Dividend Paid |
-12.5 |
-12.3 |
-6.9 |
-6.7 |
-9.8 |
|
Others Financing Activities |
-0.4 |
-0.2 |
-0.2 |
-0.3 |
-1.0 |
|
Cash from Financing Activities |
-13.3 |
-12.9 |
-7.9 |
-6.0 |
-9.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.7 |
2.0 |
2.4 |
0.6 |
-0.4 |
|
Net Change in Cash |
-13.1 |
-18.4 |
6.6 |
-23.0 |
-25.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
173.3 |
171.0 |
166.9 |
161.2 |
185.4 |
|
Net Cash - Ending Balance |
160.1 |
152.6 |
173.5 |
138.2 |
159.7 |
|
Cash Interest Paid |
2.4 |
1.8 |
1.1 |
0.6 |
2.2 |
|
Cash Taxes Paid |
40.2 |
39.8 |
25.5 |
23.6 |
11.3 |
Geographic
Segments
Financials in: As Reported (mil)
|
Annual |
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Geographic Segments
Financials
in: As Reported (mil)
|
Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
UK Pound |
1 |
Rs.74.56 |
|
Euro |
1 |
Rs.65.34 |
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.