MIRA
INFORM REPORT
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Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ALL NIPPON AIRWAYS CO., LTD. |
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Registered Office : |
1-5-2 Higashi-Shinbashi Minato-ku, 105-7133 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
27.12.1952 |
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Legal Form : |
Public Parent |
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Line of Business : |
Air and Space Transport |
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 : |
Clear |
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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 and address
ALL NIPPON AIRWAYS CO., LTD.
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Business
Description
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All Nippon Airways Co., Ltd. operates in three business segments. The
Air Transportation segment is engaged in the air transportation business, as
well as the provision of various services at airports, the provision of
reservation services through telephone, the freight express business, and the
maintenance of aircrafts in domestic and overseas markets. The Traveling
segment plans and sells tour packages under the brand names ANA Hello Tour
and ANA Sky Holiday. This segment also offers services to travelers at
arrival areas and sells travel products and air tickets. The Others segment
is involved in the information communications, trading and merchandise
business, building management, logistics and airplane fixture repair
businesses, among others. As of March 31, 2011, the Company had 107
subsidiaries and 48 associated companies. For the three months ended 30 June
2011, ALL NIPPON AIRWAYS CO.,LTD's revenues decreased 1% to Y305.08B. The
Company's net loss increased 61% to Y8.47B. Revenues reflect lower sales from
travel services business segment. Net loss also suffered from unfavorable
gross and operating profit margins, the presence of loss on sale of
investment securities, as well as the significantly increased interest
expenses. |
Industry
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Industry |
Airlines |
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ANZSIC 2006: |
4900 - Air and Space Transport |
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NACE 2002: |
6210 - Scheduled air transport |
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NAICS 2002: |
481111 - Scheduled Passenger Air
Transportation |
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UK SIC 2003: |
6210 - Scheduled air transport |
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US SIC 1987: |
4512 - Air Transportation, Scheduled |
Key Executives
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Significant Developments
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* number of significant developments within the last 12 months |
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News
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Financial
Summary
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Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88
Corporate Overview
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ALL NIPPON
AIRWAYS CO., LTD. The Strategic Initiatives report is created using technology to
extract meaningful insights from analyst reports about a company's strategic
projects and investments. More about Strategic Initiatives Strategic Initiatives |
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Partnerships |
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Moreover, while open skies agreements and the expansions of the
airports in the Tokyo area present opportunities to expand our businesses and
grow, they will also initiate greater competition with foreign airlines in
ways such as allowing the entry of low-cost carriers. Under these conditions,
we are aiming for a business structure that is resistant to volatility in
order to expand our international passenger operations. Based on the
expansion of Tokyo-area airports, the ANA Group’s network strategy does not
simply involve increasing our own flights and routes. We will also enhance
alliance activities and use the Tokyo-area airports as a dual hub that
enables more convenient connections, thus allowing us to focus on expanding
our catchment area worldwide. Consequently, our international routes will
generate growth even if demand in Japan is flat because we will be meeting
demand in the markets of China, Asia and North America, which we expect to
continue expanding. |
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Sales and Distribution |
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Please note that the findings, conclusions and recommendations that
GlobalData delivers will be based on information gathered in good faith from
both primary and secondary sources, whose accuracy we are not always in a
position to guarantee. As such GlobalData can accept no liability whatever
for actions taken based on any information that may subsequently prove to be
incorrect. Jan 22, 2011Toyota FCVs To Be Trialed In Narita Airport
Car-ServiceToyota Motor Corporation (Toyota) plans to provide 'TOYOTA
FCHV-adv' fuel-cell-hybrid vehicles to an FCV (fuel-cell vehicle) car-service
trial program to start on January 29, 2011 between Narita International
Airport (Narita Airport) and other destinations.The provision is in response
to a request from the Research Association of Hydrogen Supply/Utilization
Technology (HySUT), a participant in the Hydrogen Highway Project run by
Japan's Ministry of Economy, Trade and Industry as part of its demonstration
program for establishing a hydrogen-based social system. The vehicles will be
used in a car service All Nippon Airways Co. |
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ANA, United Airlines and Continental Airlines filed applications for
ATI for their trans-Pacific network with the U.S. Department of
Transportation in December 2009 and with the Ministry of Land,
Infrastructure, Transport and Tourism of Japan in June 2010. The three
carriers hope to quickly be granted ATI, and will be working together on
routes and schedules, as well as various fares and products. We will also
determine a joint sales strategy that makes the best use of each carrier’s
strengths while raising operating efficiency. The ANA Group is strengthening
its marketing organization to respond to changes in the environment and
globalization by revising fares and tariffs, introducing a new revenue
management system, OD PROS*, and enhancing overseas Internet sales
capabilities. To make our products and services more competitive, we have
introduced the new, high-value-added Inspiration of Japan brand. |
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Overview
All Nippon Airways Co., Ltd. (ANA) is engaged in air transportation,
travel services and other businesses. It also offers passenger check-in and
baggage handling as part of ground handling services to other airlines. The
company also involves in aircraft maintenance, in-flight sales and development
and maintenance of systems. The company's business operations and service
portfolio are its key strengths. However, falling market share and litigation
issues are the major areas of concern. Nevertheless, the company’s growth
opportunities through increasing air passengers and strategic partnerships.
However, competitive pressures and fluctuations in foreign exchange rates could
also affect the company’s growth and expansion plans.
Strengths
Strong Business Operations
ANA is a leading airline in the Asia-Pacific market. According to IATA,
the company is the largest airline in Japan by passenger numbers. It holds the
8th position among the world airlines in term of total revenues. ANA serves
nearly 50 million passengers every year. It holds world’s 10th position in
terms of passenger load. It operates more than 164 routes and 1000 flights.
ANA’s domestic cargo operations comprise 6 routes and 9 flights every day.
Its international operations encompass 38 routes and 109 international flights
per day. ANA’s international cargo operations include 19 routes and 128
flights per week. Such established business activities give a competitive edge
to the company over its peers.
Extensive Service Portfolio
The company caters a global customer base through a range of services.
ANA operates its business through air transportation, travel and other business
segments. The air transportation includes domestic passenger, international
passenger, and cargo and mail services. It also offers other transportation
services such reservation confirmation, as ground support, aircraft maintenance
and other services. Its travel services include ticket sales such as inbound
and outbound tickets and branded travel packages. In addition, the company
develops and manages airline information terminals and software. ANA also
engages in product sales including spare parts and other aircraft-related
products. Extensive service portfolio enhances the financial and operational
performance of the company.
Star Alliance Network
ANA is a member of Star Alliance Network, which has 27 member airlines
serving through 4,023 aircrafts across 1,160 airports in 181 countries. Its
member airlines include Air Canada, Adria Airlines, Air China, Air New Zealand,
Austrian, Asiana Airlines, Brussels Airlines, Continental Airlines, Croatia
Airlines Polish Airlines, Singapore Airlines, Thai Airways, US Airways and many
more. Its total network handles almost 21,000 daily departures and more than
970 lounges. The alliance enables its members to provide more services and
benefits than any airline can provide on its own. The services offered include
broader route network, opportunities to earn and redeem frequent flyer miles
and points across the combined network, and more airport lounges. The revenues
generated by the Star alliance’s member airlines accounted for USD 150.7
billion until date. As a member of Star Alliance, the company offers
distinguished services to its customers as well as enjoys operational and
financial benefits.
Weaknesses
Legal Issues
ANA is subject to several legal proceedings related to airline and cargo
operations and regulations. Currently, the company is under trial with respect
to violations of Europe (EU) law. The European commission antitrust authorities
alleged that the company dishonored EU competition law related to cargo
operations. The company anticipates a huge fine of JPY 16,100 million in case
of an adverse decision. Further, the company was also penalized with JPY 91
million by the Korea Fair Trade Commission for violation of fair trade laws in
the cargo business. In October 2010, the company settled litigation related to
price coordination for U.S./transpacific international air cargo and passenger
transportation. The company agreed to a plea agreement including a penalty of
73 million. Such issues could adversely affect the financial health of the
company.
Weak Liquidity Position
During the fiscal year ended March 2011, the company reported current
assets of JPY 472,187m, as compared to current liabilities of JPY 447,591m. Its
cash and equivalents were JPY 36,956m. The company's current ratio was 1.05 at
the end of fiscal year 2011. This was below the S&P 500 companies average*
of 1.46. A lower than S&P 500 companies average* current ratio indicates
that the company is in a weaker financial position than other companies in the
S&P 500 index. Such liquidity could hamper the financial stability of the
company. Further, it could restrict the company from meeting its short-term
obligations.
Opportunities
Strategic Partnerships
The company is strategically focused on enhancing its operations through
alliances with industry-leading companies. ANA has plans to form a joint
venture with Lufthansa German Airlines on routes between Japan and Europe.
Through this alliance, the company expects to increase its ability to serve
customers across the Europe as well as offer new choice and convenience for
passengers. Additionally, the company established a commercial partnership with
Hawaiian Airlines, Inc for mutual operational and financial benefits. The
partnership also involves code-sharing, frequent flyer programs, and cargo.
Such partnerships contribute to the overall operations of the company.
Positive Long-Term Air Passenger Outlook
The company may benefit from the long-term positive outlook of the
global passenger growth. According to the Airports Council International (ACI)
the global passenger volume is projected to reach 11.0 billion by 2027. The
period is projected to witness annual passenger volume growth of 4.2%, to be
driven mainly by annual international traffic growth of 4.5%. The growth of
domestic passenger volume in India and China is expected to rise by 4.1%
annually. Factors that are expected to drive passenger volume include emerging
economics in Asia-Pacific that could enable more people to fly in this region.
Such industrial scenario contributes to the financial position the company.
Rising Travel and Tourism Market
Apart from passenger and freight transportation services, the company
also provides comprehensive travel services through its subsidiaries including
ANA Sales Co., Ltd, ANA Sky Holiday and ANA Hallo Tours. Its travel services
account for nearly 12% of total revenue of the company. The global travel and
tourism industry is expected to increase on a continuous basis. This is due to
the demand from the growing middle classes of the emerging markets. According
to the World Travel and Tourism Council (WTTC), the global travel and tourism
economy is projected to grow by 4.3% per year over the next ten years. The
revenues from global travel and tourism are expected to double by 2018 from
2008. Japanese are one of the biggest spenders on tourism in the world. This
growing travel and tourism could help the company in strengthening its business
further.
Threats
Affect of Natural Disasters
ANA faces significant risks from natural disasters such as earthquakes,
typhoon, heavy snow, hurricanes, fires, and volcanic eruption. Recent
earthquakes adversely affected the company’s data center and operational
control centers located in Tokyo area and in Haneda Airport area. Occurrence of
such events in future could result in damage of information systems,
properties, as well as hamper the operational control functions of the company.
It could even cause enormous human loss. The cost of reconstruction and
replacement of infrastructure and systems is very high. Thus, such events push
the cost of the company to a significant level in turn affecting its profit
margins.
Fluctuations in Foreign Exchange Rates
ANA has significant operational presence in major markets across the
world, which increases its exposure to foreign currency fluctuations. The
company has operations in Asia, Middle East, Europe and North America. It holds
assets, liabilities and revenues in different currencies. ANA transacts
business in United States Dollar, China Renminbi Hong Kong Dollar and Singapore
Dollar. However, the functional currency of the company is the Japanese Yen
(JPY). The company has potential threats for reduction in its overall revenue
due to weak exchange rates for the JPY against all major currencies. Such
fluctuations in exchange rate could impact its revenue and increase its
exposure to various long term liabilities.
Competitive Pressure
The aviation sector is highly competitive. ANA faces stiff competition
from domestic and international airlines service providers and also from
private jets. ANA competes with Thai Airways Co Ltd, Japan Airlines
Corporation, Korean Air lines Ltd, Singapore Airlines Ltd, Delta air lines, Inc
and others. In such a highly competitive scenario, the company faces challenges
in pricing, quality, services and related issues. The company’s failure to
maintain and enhance its competitive position could adversely affect its
business prospects. Furthermore, the company faces competition from its
competitors in aircraft types, hiring personnel and benefits which can affect
the business. The competitive pressure can lead to a reduction in its sales and
could thereby have a negative impact on the business of ANA.
Corporate Structure News
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ALL NIPPON
AIRWAYS CO., LTD. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Minato-ku |
Japan |
Airlines |
15,843.5 |
32,731 |
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Subsidiary |
Tokyo |
Japan |
Restaurants |
117.0 |
918 |
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Subsidiary |
Narita |
Japan |
Airlines |
1.0 |
657 |
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Subsidiary |
Minato-ku, Tokyo |
Japan |
Paper and Paper Products |
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516 |
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Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
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379 |
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Subsidiary |
Chiyoda-ku, Tokyo |
Japan |
Personal Services |
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114 |
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Subsidiary |
Kuala Lumpur |
Malaysia |
Miscellaneous Transportation |
74.0 |
100 |
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Subsidiary |
Shanghai, Shanghai |
China |
Miscellaneous Transportation |
74.0 |
100 |
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Subsidiary |
Chaoyang District, Beijing |
China |
Miscellaneous Transportation |
74.0 |
100 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
60.0 |
45 |
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Subsidiary |
Sydney, NSW |
Australia |
Airlines |
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45 |
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Subsidiary |
Tokyo |
Japan |
Construction Services |
75.0 |
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Subsidiary |
Tokyo |
Japan |
Airlines |
11.4 |
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Subsidiary |
Tokyo |
Japan |
Hotels and Motels |
1.0 |
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Subsidiary |
St. Leonards, NSW |
Australia |
Hotels and Motels |
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Subsidiary |
Kowloon, Kowloon |
Hong Kong |
Miscellaneous Transportation |
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Subsidiary |
Tuban, Tuban |
Indonesia |
Airlines |
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Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Transportation |
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Subsidiary |
Bangkok, Bangkok |
Thailand |
Airlines |
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Subsidiary |
Ho Chi Minh City |
Viet Nam |
Personal Services |
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Executives Report
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Significant Developments
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Kyodo Industry
Brief (Aug. 29) -1-
Japan Economic Newswire: 28 August 2011
[What follows is the full text of the news story.]
TOKYO, Aug. 29 --
(Kyodo) _ ---------- AllianceBernstein acquires 6.7% stake in Mazda Motor
TOKYO - Major U.S.
investment manager AllianceBernstein L.P. has acquired a 6.72 percent ownership
stake in Mazda Motor Corp. for investment purposes, the U.S. firm said in a
recent report to the Japanese Financial Services Agency.
---------- Sharp
sets up sales subsidiary in Brazil
OSAKA - Sharp
Corp. said Friday it has established a sales subsidiary for consumer
electronics and communication and information equipment in Sao Paulo, Brazil,
to tap into a growing market there.
---------- Mitsui
Chemicals to set up firm in China to produce nonwoven cloth
TOKYO - Mitsui
Chemicals Inc. said Friday it will set up a company in Tianjin, China, to
manufacture and market multifunction nonwoven cloth for use in sanitary
products like paper diapers.
---------- ANA's
'Dreamliner' to arrive at Haneda on Sept. 28
TOKYO - All Nippon
Airways Co. said Friday that Boeing Co.'s advanced B-787 aircraft, dubbed the
"Dreamliner," will arrive at Tokyo'sHaneda airport on Sept. 28.
----------
Softbank to sell nearly 4% stake in Yahoo! to Citibank to repay loan
TOKYO - Softbank
Corp. said Friday it will sell most of its 4 percent stake in Yahoo! Inc. to
Citibank N.A. to repay $1,135 million in loans from the U.S. bank in late
September.
Industry Brief
Japan Economic Newswire: 28 August 2011
[What follows is the full text of the news story.]
TOKYO, Aug. 29 --
(Kyodo) _ ---------- AllianceBernstein acquires 6.7% stake in Mazda Motor
TOKYO - Major U.S.
investment manager AllianceBernstein L.P. has acquired a 6.72 percent ownership
stake in Mazda Motor Corp. for investment purposes, the U.S. firm said in a
recent report to the Japanese Financial Services Agency.
---------- Sharp
sets up sales subsidiary in Brazil
OSAKA - Sharp
Corp. said Friday it has established a sales subsidiary for consumer
electronics and communication and information equipment in Sao Paulo, Brazil,
to tap into a growing market there.
---------- Mitsui
Chemicals to set up firm in China to produce nonwoven cloth
TOKYO - Mitsui
Chemicals Inc. said Friday it will set up a company in Tianjin, China, to
manufacture and market multifunction nonwoven cloth for use in sanitary
products like paper diapers.
---------- ANA's
'Dreamliner' to arrive at Haneda on Sept. 28
TOKYO - All Nippon
Airways Co. said Friday that Boeing Co.'s advanced B-787 aircraft, dubbed the
"Dreamliner," will arrive at Tokyo'sHaneda airport on Sept. 28.
----------
Softbank to sell nearly 4% stake in Yahoo! to Citibank to repay loan
TOKYO - Softbank
Corp. said Friday it will sell most of its 4 percent stake in Yahoo! Inc. to
Citibank N.A. to repay $1,135 million in loans from the U.S. bank in late
September.
The Seattle Times
Ron Judd column
Seattle Times (WA): 28 August 2011
[What follows is the full text of the news story.]
Aug. 28--He's a
smart guy who revolutionized an industry, and we wish him well.
But the fan-boy
adulation was flying a bit fast and thick with the announced retirement of
Apple CEO Steve Jobs, whose notable contributions to humanity include the
invention of a handheld phone that works best when not held in hand, and
allowing man to fulfill his ultimate destiny by taking "Angry Birds"
into an office restroom stall.
One guy we know,
obviously a little bit too amorous toward his iPhone, went so far as to rank
the man responsible for Adult Game Boys on a scale of historical import with
Johannes Gutenberg, the inventor of the printing press.
It's a little like
equating Jenny Craig with Gandhi.
Other false
idolatry:
Big Day For
Twisted 7 Up Bottle Art: At long last, ground has been broken for the highly
unanticipated Dale Chihuly Outlet/Museum of Self-Aggrandizement beneath the
Space Needle. Seattle Center director Robert Nellams proclaimed it "a gift
to our city," prompting immediate false hope among city residents that
they might be able re-gift it to someone else.
Important Arnold
Becker Clarification: Actor Corbin Bernsen, referred to in an item last week as
"washed-up L.A. Law actor Corbin Bernsen," insists he is not, in
fact, "washed up." His case: He has continued acting roles ever since
that series, with gigs including a current "hit series" called
"Psych." And he has four great kids from his marriage of 23 years to
wife and TV babe Amanda Pays. A more appropriate descriptor for him, he
believes, would be "balding," or perhaps just "bald." The
Wrap regrets the error.
A Talking Head By
Any Other Name: The name for the eagerly awaited new Katie Couric talk show
will be -- wait for it -- "Katie." Apparently network lawyers opined
that Couric's first choice, "Oprah," might present legal problems.
Whine, Whine,
Wine: Free gift to the next person who takes to a website, Facebook, or a
public square to bitch about Seattle's "lack of summer:" A road map
to Phoenix.
The Week Would Not
Be Complete Without ... Look, even we feel a bit badly about how hard we've
been riding Mayor McSchwinn. He seems like a really decent fellow. Just not a
mayor.
They'll Get Right
On That: House Speaker John Boehner, R-Sudden Tan, is so worried about
government bloat that he's repeating a demand that the White House identify the
economic impact of all pending regulations that would have an economic impact
of more than $1 billion. Sounds like a good long-term research project for an
expansive, highly paid government bureaucracy.
Just Asking: Is it
wrong to think that Gadhafi and Condi Rice might actually make a cute couple?
Given their mutual experience in international affairs, it's plausible that
they might even have been hooked up by lonely-paranoid-megalomaniac dating
service e-dictator.com.
And Finally:
Several years late, Boeing, formerly of Seattle, will finally deliver its first
787 jetliner to All Nippon Airways on Sept. 26. We should all hoist one in
honor of the local engineers and machinists who made the thing fly despite the
endless spate of production screwups from those outsource-happy management
geniuses.
Ron Judd's column
appears each Sunday. He also writes Restless Native columns. Reach him at
rjudd@seattletimes.com
or 206-464-8280.
___
(c)2011 The
Seattle Times
Visit The Seattle
Times at www.seattletimes.com
Distributed by MCT
Information Services
Latest Washington
news, sports, business and entertainment
Associated Press: 27 August 2011
[What follows is the full text of the news story.]
MISSING MOM-UTAH
Journals,
computers seized in missing mom case
SALT LAKE CITY
(AP) _ The father-in-law of a Utah woman missing for nearly two years says
authorities seized computers and journals during a search of his Washington
state home.
Detectives spent
several hours Thursday combing through Steve Powell'sPuyallup house, looking
for evidence in the disappearance of Susan Cox Powell.
Her husband, Josh
Powell, the only person of interest in the case, has been living with his
father with the couple's two young children since his wife vanished Dec. 6,
2009. She was last seen by him in their West Valley City, Utah, home outside
Salt Lake City.
Steve Powell tells
The Associated Press on Friday that authorities searched everywhere, including
his garage and crawl space, and left with all their computers. He says police
told him they were looking for everyone's journals.
OKANOGAN SHOOTING
Details, names emerge
in shooting of 3 women in WA
OKANOGAN, Wash.
(AP) _ Authorities in Okanogan County say they're working to untangle the
relationships of women involved in an apparent murder-suicide.
Authorities say
the gunfire began Thursday when Catrina Fling was shot and injured at the home
of Shelly Payton as she tried to call 911.
Okanogan County
Sheriff Frank Rogers said Friday that Payton's roommate, Rene Menard, then put
Payton in a bear hug from behind. He says Payton fired a single shot that
traveled through the bodies of both women, killing them.
Rogers says Payton
and Menard were involved in some sort of long-term dispute. Payton left two
suicide notes, but the sheriff declined to reveal the contents.
The sheriff's
office is also investigating reports that earlier Thursday, Payton had walked
into a fast-foot restaurant and put a gun to the chest of an unidentified woman
with her children and pulled the trigger. The gun was empty, but witnesses say
Payton told her next time it would be loaded.
BOEING-787 CERTIFICATION
FAA clears the way
for first Boeing 787 flight
EVERETT, Wash.
(AP) _ After nearly two years of flight tests and analysis, the Federal
Aviation Administration on Friday cleared the way for the new Boeing 787 to
take its first commercial flight.
Boeing plans to
deliver the first 787 to Japan'sAll Nippon Airways next month _ more than three
years later than initially planned. The airline plans to fly it for the first
time as a charter on Oct. 26 and begin regular service Nov. 1.
The Seattle Times
reports (http://bit.ly/qtTCuD ) that Boeing says the plane will be quieter and
use 20 percent less fuel than planes of similar size. They'll cost roughly $200
million.
The 787s will be
built in Washington state, where about 78,000 of Boeing's 168,000 workers are
located, and in South Carolina, where the company recently opened a $750
million assembly plant.
Gov. Chris
Gregoire congratulated Boeing on the milestone saying, "Certification of
the 787 Dreamliner begins a new chapter in the company's long history."
TAINTED
SALMON-VITA
Vita Food Products
recalls smoked salmon
CHICAGO (AP) _
Chicago-based Vita Food Products has recalled about 8,080 packages of Vita
Classic Premium Sliced Smoked Atlantic Nova Salmon.
The product could
be contaminated with Listeria monocytogenes, which can cause fatal infections
in children, the elderly, and people with weakened immune systems.
The salmon was
sold at Publix stores in Florida, Georgia, South Carolina, Tennessee and
Alabama. Safeway stores in California, Alaska, Oregon, Washington, Idaho,
Colorado, Maryland, Virginia, Pennsylvania and District of Columbia. Meijer
stores in Illinois, Michigan, Indiana, Ohio and Kentucky. Vons stores in
California. Genuardi's stores in Pennsylvania and New Jersey. Winn Dixie stores
in Florida and Chicago'sEdgewater Produce. The salmon was also sold at stores
in Pittsburgh, Buffalo, N.Y. and northeast Ohio.
The sell by date
and code of DEC 15 2011 01961B is on the packages.
TRAIN FATAL
Amtrak train kills
woman on tracks in Washington
SEATTLE (AP) _ A
northbound Amtrak train has struck and killed a woman on the tracks at
Nisqually, Wash., about 25 miles south of Tacoma.
Pierce County
sheriff's spokesman Ed Troyer tells The News Tribune that detectives believe
the 28-year-old woman's death was a suicide.
Burlington
Northern Santa Fe spokesman Gus Melonas says the fatality occurred shortly
after 5 p.m. Friday. He says it's the fifth fatality this month on BNSF tracks
in the Puget Sound area.
Amtrak spokeswoman
Danelle Hunter says the train was bound from Portland, Ore., to Vancouver,
British Columbia, with a stop in Seattle.
CHECK CHARGE
Man accused of
bilking woman is charged with theft
(Information in
the following story is from: Kitsap Sun, http://www.kitsapsun.com/)
BREMERTON, Wash. A
Bremerton, Wash., man accused of bilking an 86-year-old woman out of more than
$80,000 has been charged with first-degree theft.
The Kitsap Sun
reports (http://bit.ly/nBUCrb) that Kitsap County prosecutors charged
74-year-old Leroy Joseph Williams on Friday. Police say they think the man
gambled the money away at a casino.
A Kitsap Bank
employee contacted Bremerton police when Williams tried to cash a check on Aug.
19. Bank officials said he had cashed more than $15,000 in checks from the same
account over the past several weeks. Williams reportedly told police the woman
had "full knowledge" of the checks.
She is recovering
at a nursing home after hip surgery. According to a police report, she
confirmed she wrote the checks and said Williams was a "dear friend."
But the report says she seemed confused at times and her answers seemed
"coached."
SCHOOL BOARD
SCUFFLE
Police: No arrests
in Everett school board scuffle
(Information in
the following story is from: The Daily Herald, http://www.heraldnet.com)
EVERETT, Wash.
(AP) _ Police say no one's going to be arrested following a scuffle at an
Everett School Board meeting this week, but misdemeanor charges are possible.
The Herald
newspaper reports (http://bit.ly/ozhkJi ) that investigators have given
prosecutors a seven-page report on the incident, which occurred while board
members were meeting in executive session Tuesday night. The report says
there's not enough evidence for any assault arrests, and the most appropriate
applicable charge would be disorderly conduct.
The fight involved
board president Ed Petersen and members Jessica Olson and Kristie Dutton, and
began when Olson turned on her video camera. The other four board members
objected and Petersen reached for the camera. Police found that within minutes,
Olson was grappling with Dutton over control of documents while being
restrained by Petersen.
Olson and Dutton
said they were scratched.
COLUMBIARIVER
BRIDGE
Planners shave
$100M from cost of Columbia bridge
VANCOUVER, Wash.
(AP) _ Planners say they've shaved $100 million off the cost of a new bridge
across the Columbia River, thanks to using a simpler bridge design and other
factors
Still, the project
is expected to run between $3.1 billion and $3.5 billion.
Oregon
Transportation Director Matt Garrett says that as planners have learned more
about the soil they're working with, they've been able to gain certainty about
their construction approach and solidify the project's timetable, which helped
cut costs.
The project will
replace the I-5 bridge; extend light rail to Vancouver, Wash.; and enhance the
pedestrian and bicycle path between Vancouver and Portland, Ore. It is expected
to be paid for with federal, state and toll money.
BOAT HITS WHALE?
The mystery of
Mopey Dick: Why is whale lethargic?
FRIDAY HARBOR,
Wash. (AP) _ Is a killer whale in northwest Washington's San Juan Islands
behaving lethargically because she was hit by a boat _ or is she just pregnant?
National Marine
Fisheries Service spokesman Brian Gorman said his agency was investigating a
report that the whale had been hit by a private boat Friday.
However, senior
scientist Ken Balcomb of the Center for Whale Research in Friday Harbor says he
carefully looked over the 18-year-old female whale and saw no evidence of any
new injury. He also says she's been acting "mopey" for days _
"actually much of the summer." He thinks it's possible she's pregnant
and soon to give birth.
Washington
fisheries officials also were reportedly investigating the boat strike report.
They did not immediately return calls for comment Friday evening.
SNAKE WRANGLER
Boa loose in
apartment? Call 911
(Information in
the following story is from: The Daily News, http://www.tdn.com)
KELSO, Wash. (AP)
_ The Kelso, Wash., man who called 911 for help corralling his 10-foot-long red
tail boa constrictor indicated it was, well, cranky.
The Daily News of
Longview says (http://bit.ly/nWD3sW) a Thursday night dispatch report indicates
the man reported the 50-pound, nonpoisonous snake had "struck at" his
wife twice, but no one had been bitten.
A Humane Society
officer dispatched to the apartment secured the snake within about 20 minutes
of the call for help.
Boeing to roll out
quieter airplane
Winnipeg Free Press (Canada): 27 August 2011
[What follows is the full text of the news story.]
NEW YORK -- The
U.S. Federal Aviation Administration has cleared the way for the new Boeing 787
to take its first commercial flight.
Both the FAA and
European regulators certified the plane for flight on Friday. Boeing completed
flight tests on the 787 this month.
Boeing plans to
deliver the first 787 to Japan'sAll Nippon Airways in September. The airline
plans to fly it for the first time as a charter on Oct. 26 and begin regular
service Nov. 1.
Plagued by various
production problems, delivery is about three years late. The Chicago airline
maker has orders from 55 customers for more than 800 of the planes. They will
cost $185.2 million to $218.1 million apiece.
More than half of
the Boeing 787 is made with composite materials. Boeing Co. says the airplane
will be quieter and use 20 per cent less fuel than planes of similar size. It
will hold between 200 and 330 passengers, depending on the layout.
Boeing made its
initial application for the 787 in March of 2003. The first model was rolled
out in July 2007. The airplane first flew in late 2009.
The planes will be
built in Washington state and South Carolina.
-- The Associated
Press
All Nippon Airways
to get world's first Boeing 787 Dreamliner in September
National Post: 27 August 2011
[What follows is the full text of the news story.]
Japan's All Nippon
Airways and aviation giant Boeing Co. said Friday the airline will receive the
world's first 787 Dreamliner on Sept. 25, more than three years later than
first planned. The plane received U.S. and European certification Friday. The
plane will officially be handed over in Everett, Wash., before being flown to
Tokyo, where it is scheduled to arrive three days later on Sept. 28, the comies
said in a joint statement. The airline is the launch line for the troubled 787
program and has 55 of the raft on order. Boeing had originally promised to roll
the aircraft in 2008, but a steady string of technical haps and delays have
slowed the testing programs for li o t fu F the jets. The highly anticipated
787 Dreamliner, right, is made out of lighter materials that help improve its
fuel efficiency.
Long-delayed 787
wins FAA approval to enter service
Seattle Times (WA): 26 August 2011
[What follows is the full text of the news story.]
Aug. 26--The
Federal Aviation Administration on Friday certified Boeing's 787 Dreamliner to
carry passengers, ending more than 20 months of flight testing and analysis.
The move clears
the way for Boeing to deliver the first jet to All Nippon Airways (ANA) of
Japan on Sept. 25, three years and four months later than originally planned.
"Despite the
fact that this airplane might be a little late, this will be an airplane that
changes the game," Boeing Commercial Airplanes President and CEO Jim
Albaugh said at a Friday morning ceremony in Everett marking the FAA
certification. He said he thinks customers will forgive Boeing for the delay
once they receive the planes.
First delivery is
only the beginning of a challenging period for Boeing as it attempts to ramp up
production from two Dreamliners a month to 10 a month in the next two years.
Even as new 787s
roll out, hundreds of mechanics and engineers in Everett will remain
sidetracked from ongoing production as they slowly rework approximately 40
Dreamliners assembled earlier but still in need of major modification before
turning the keys over to customers.
Program chief
Scott Fancher this month reiterated a previous estimate that the process of
methodically working through all those jets parked at Paine Field will take
about two years.
Boeing has not
specified how many 787s it will deliver by the end of 2011. Earlier this year,
it had indicated it might deliver between 12 and 20; the number is now expected
to be considerably less than a dozen.
Wall Street
analysts have estimated that the 787's delays and technical issues have swelled
development costs to somewhere between $12 billion and $18 billion on top of
the $5 billionBoeing originally budgeted.
Still, the FAA's
formal thumbs-up -- which was accompanied by certification from the European
Aviation Safety Agency -- is a relief. Even a few jets being delivered will
free up space on the Everett flight line and allow Boeing to begin to see
tangible progress.
Like every aspect
of the 787 program, the flight-testing and certification process has been
extended by unexpected obstacles.
The most serious
was an in-flight electrical fire last November. Smoke and flames in the
passenger cabin area forced an emergency landing.
Analysis of the
incident, later blamed on debris in an electrical control panel, led to software
changes in the electrical system and minor hardware changes in the panel. That
added a six-month delay to the program.
Boeing's engineers
had to overcome many lesser problems, too.
As late as
mid-July, engineers worried that an incident on a flight test in Guam might
cause further delay when the failure of an air-conditioning unit on Dreamliner
No. 9 caused metal dust to be released into the passenger cabin.
Engineers
discovered that water had built up inside the equipment, then froze. The ice
grinded metal from turbine blades inside the system, releasing the dust.
Boeing spokeswoman
Lori Gunter said the release was not dangerous and the solution proved
relatively simple: drilling a hole in the air-conditioning unit to drain the
water and prevent the buildup.
"These kinds
of issues pop up from time to time, are taken care of and we move on,"
Gunter said.
Because the 787
has lots of new technology, the FAA laid down a series of "special
conditions," requiring Boeing to demonstrate in each case that the plane
is at least as safe as previous aircraft.
The outer skin of
the airplane and much of the structure underneath are made from
carbon-fiber-reinforced composite plastic, not aluminum.
In addition, many
of the vital systems of the airplane are powered by electrical generators
rather than by compressed air diverted from the engines, which is the norm on
previous jets.
The change of
structural material prompted the FAA to require that Boeing prove, among other
things, that the airplane is safe in a lightning strike; that the 787's
fuselage will protect passengers from the impact of a crash landing as well as
a metal fuselage; and that the fuel-holding wings can withstand a post-crash
fire as long as metal wings.
Because of the
heavy reliance on electric power, Boeing was also required to show "that
the airplane is capable of continued safe flight and landing with all normal
sources of ... electrical power inoperative."
By issuing the
plane's certificate, the FAA has declared itself satisfied on all these points
and affirmed that the Dreamliner is safe and ready to carry passengers.
"Our job is
to embrace their innovations, but also to make sure it's safe," said FAA
Administrator Randy Babbitt, who attended Boeing's ceremony Friday.
FAA officials flew
about a quarter of the 4,700 test hours flown by six 787s. Altogether, the FAA
logged more than 200,000 hours researching and testing the new plane, Babbitt
said.
"It's a big
project," he said.
Along with this
general certification, the FAA also approved the twin-engine 787 to travel up
to three hours away from the nearest airport -- allowing it to fly across the
Atlantic or Pacific oceans.
This part of the
certification is known as ETOPS, which originally stood for
"extended-range twin-engine operations," though in 2007 the agency
redefined the regulations to apply to airplanes with any number of engines.
Boeing's 777 was
the first airliner to be granted three-hour ETOPS approval immediately, without
the previously required one-year track record of reliable flying.
To get the same
"out-of-the-box" rating for the Dreamliner, Boeing conducted
ultra-long-distance flight tests on Dreamliner No. 9 this summer. The longest
endurance flight, an indirect route from Guam to Everett on July 27, lasted 18
hours.
On the ETOPS
flights, the pilots deliberately switched off multiple systems and shut down
one engine to prove that the plane could still safely reach a distant airport.
Boeing expects
early next year to extend the 787's ETOPS certification from 3 to 5.5 hours.
Mohan Pandey, who directed Boeing's efforts on ETOPS regulations until his
retirement last year, said this will allow the 787 to fly between virtually any
two cities on earth.
During flight
tests, Dreamliner No. 9 flew several times on just one engine for more than 5.5
hours. So the planned extension of ETOPS will require no further test flights,
only a software change to accommodate a new low-fuel indicator regulation.
Boeing's Gunter
said none of the early customers need this extra-range approval before then.
First customer ANA will fly its initial Dreamliners on short-haul domestic
routes within Japan, starting Nov. 1. Its first 787 flight will be a charter on
Oct. 26.
With the
certification milestone passed, Boeing's focus shifts from proving the plane
airworthy and safe to simply producing it reliably at a faster rate and getting
it into service at airlines around the world.
To get to 10 jets
a month by the end of 2013, Boeing has to increase the production rate in
Everett to seven per month and begin rolling out three Dreamliners per month
out of Charleston, S.C.
The company's
stock rose $1.70 to $62.80 a share Friday.
Boeing also
announced several management changes Friday.
Its vice president
of sales for commercial airplanes, Marlin Dailey, has been made president of
Boeing Germany, Northern Europe/EU and Africa.
He has been head
of sales since late 2008. Before that, he led sales efforts in Europe, Russia
and Central Asia.
Ray Conner -- who
held the sales job before Dailey -- returns to his old job, replacing Daily and
taking the new title of senior vice president of sales and customer support for
Boeing Commercial Airplanes. Since leaving the sales job in 2008, Conner has
been vice president and general manager of supply chain management and
operations. That job now goes to Stan Deal from commercial airplanes supplier
management.
Boeing also said
that the vice president and general manager of its South Carolina operation,
Jack Jones, will now report directly to Albaugh, creating a closer link between
the Charleston facility and the commercial airplanes business. Jones had
reported to Conner.
Lianne Stein, vice
president of Boeing International and president of Boeing Germany, has been
named vice president of Global Corporate Citizenship, reporting to Rick
Stephens, senior vice president of Human Resources and Administration. Stein
succeeds Anne Roosevelt, who will retire August 31.
All the changes
are effective Sept. 9.
Information from
Seattle Times reporter Melissa Allison, attending Friday's ceremony, is
included in this report.
Dominic Gates:
206-464-2963 or dgates@seattletimes.com
___
(c)2011 The
Seattle Times
Visit The Seattle
Times at www.seattletimes.com
Distributed by MCT
Information Services
Here is the latest
Washington news from The Associated Press
Associated Press: 26 August 2011
[What follows is the full text of the news story.]
SALT LAKE CITY --
The father-in-law of a Utah woman missing for nearly two years says authorities
seized computers and journals during a search of his Washington state home. Detectives
spent several hours yesterday combing through Steve Powell'sPuyallup house,
looking for evidence in the disappearance of Susan Cox Powell. Her husband,
Josh Powell, has been named as a person of interest in the case.
EVERETT, Wash.
(AP) _ After nearly two years of flight tests and analysis, the Federal
Aviation Administration has cleared the way for the new Boeing 787 to take its
first commercial flight. Boeing plans to deliver the first 787 to Japan'sAll
Nippon Airways next month _ more than three years later than initially planned.
The airline plans to fly it for the first time as a charter on Oct. 26 and
begin regular service Nov. 1.
VANCOUVER, Wash.
(AP) _ A man accused of causing a fatal crash in Clark County has pleaded not
guilty to vehicular homicide charges. The Columbian newspaper reports that
21-year-old Tyler Peabody entered the plea today in Clark County Superior
Court. The crash on Aug. 16 killed 76-year-old Roy Thorp of Vancouver and badly
injured two others.
OLYMPIA, Wash.
(AP) _ The federal government has awarded a $3.5 million to help protect
habitat for 20 at-risk species in north-central Washington'sMethow Valley. The
money will be added to funds awarded by the state Legislature this year to buy
about 2,700 acres of land or conservation easements to connect lands needed for
mule deer migration.
Main events
scheduled for September
Japan Economic Newswire: 26 August 2011
[What follows is the full text of the news story.]
TOKYO, Aug. 27 --
(Kyodo) _ In September
-- Reprocessed
high-level radioactive waste to arrive at Aomori from Britain.
-- 10 power
utilities, 4 city gas companies to raise fares for 6th consecutive month.
-- Boeing to
deliver first B-787 aircraft to All Nippon Airways.
-- Japan Airlines,
Mitsubishi Corp., Qantas Group to jointly establish budget airline called
Jetstar Japan.
In early September
-- KDDI to launch
new smartphone based on Microsoft's Windows Phone 7.5 operating system for the
first time in Japan.
In mid-September
-- Land ministry
to release nationwide land price surveys.
In late September
-- Deadline for
government ministries and agencies to submit budgetary requests for FY 2012 to
Finance Ministry.
-- Sendai airport
terminal building to see its operations fully resumed for the first time since
March tsunami.
-- Softbank Mobile
to launch limited number of Yahoo! Phone handsets made especially convenient
for online services by Yahoo Japan.
SEPT. 1 (THURS)
-- Mizuho
Financial Group to make Mizuho Securities, Mizuho Investors Securities, Mizuho
Trust & Banking into wholly owned subsidiaries.
-- Japan
Automobile Dealers Association to release new motor vehicle sales for August.
-- 10th
anniversary of fire at Shinjuku building that claimed the lives of 44 people.
SEPT. 2 (FRI)
-- Bank of Japan
to release monetary base for August.
SEPT. 3 (SAT)
-- Fujiko F. Fujio
Museum, dedicated to the creator of the popular "Doraemon" cartoon
series, to open in Kawasaki near Tokyo.
-- 30th
anniversary of the founding of Softbank in Tokyo.
SEPT. 4 (SUN)
-- 10th
anniversary of the opening of Tokyo Disney Sea in Urayasu near Tokyo.
SEPT. 5 (MON)
-- India Japan
Global Partnership Summit to be held until Sept. 7 in Tokyo.
SEPT. 6 (TUES)
-- Bank of Japan
to hold a meeting of its decision-making Policy Board running until Sept. 7.
-- Prince
Hisahito, son of Prince Akishino and Princess Kiko, to turn 5 years old.
SEPT. 7 (WED)
-- Cabinet Office
to release preliminary composite indexes of economic indicators for July.
-- Bank of Japan
Governor Masaaki Shirakawa to hold press conference.
-- First
anniversary of the collision between a Chinese fishing boat and two Japanese
patrol boats near the disputed Senkaku Islands in the East China Sea.
SEPT. 8 (THURS)
-- Cabinet Office
to release monthly "economy watchers" survey for August.
-- Cabinet Office
to release machinery orders data for July.
-- Bank of Japan
to release monthly report on economic and financial developments for September.
SEPT. 9 (FRI)
-- Cabinet Office
to release revised gross domestic product data for April-June.
SEPT. 10 (SAT)
-- No major
events.
SEPT. 11 (SUN)
-- Half-year
anniversary of the March 11 earthquake and tsunami.
-- Iwate
gubernatorial election to be held.
-- Princess Kiko,
wife of Prince Akishino, to turn 45 years old.
SEPT. 12 (MON)
-- Bank of Japan
to release index of corporate goods prices for August.
-- Bank of Japan
to release minutes of Aug. 4 Policy Board meeting.
SEPT. 13 (TUES)
-- No major
events.
SEPT. 14 (WED)
-- No major
events.
SEPT. 15 (THURS)
-- No major
events.
SEPT. 16 (FRI)
-- No major
events.
SEPT. 17 (SAT)
-- No major
events.
SEPT. 18 (SUN)
-- Yamagata
mayoral election to be held.
SEPT. 19 (MON)
-- Gathering
called "Say Goodbye to Nuclear Power Plants" to be held in
Tokyo'sMeiji Park.
SEPT. 20 (TUES)
-- No major
events.
SEPT. 21 (WED)
-- No major
events.
SEPT. 22 (THURS)
-- No major
events.
SEPT. 23 (FRI)
-- Normal
operations to resume on entire Tohoku Shinkansen Line for the first time since
the March disaster.
SEPT. 24 (SAT)
-- No major
events.
SEPT. 25 (SUN)
-- No major
events.
SEPT. 26 (MON)
-- Tokyo District
Court to give ruling on three former secretaries of Democratic Party of Japan
kingpin Ichiro Ozawa over falsified political funds reports.
SEPT. 27 (TUES)
-- No major
events.
SEPT. 28 (WED)
-- No major
events.
SEPT. 29 (THURS)
-- Asian Business
Summit to be held in Tokyo.
SEPT. 30 (FRI)
-- Ministry of
Internal Affairs and Communications to release unemployment rate for August.
-- Ministry of
Internal Affairs and Communications to release nation's consumer price index
for August.
-- Ministry of
Internal Affairs and Communications to release wage earners' household spending
data for August.
-- Ministry of
Economy, Trade and Industry to release preliminary data for industrial output
for August.
FAA clears the way
for first Boeing 787 flight
Associated Press: 26 August 2011
[What follows is the full text of the news story.]
EVERETT, Wash. --
After nearly two years of flight tests and analysis, the Federal Aviation
Administration on Friday cleared the way for the new Boeing 787 to take its first
commercial flight.
Boeing plans to
deliver the first 787 to Japan'sAll Nippon Airways next month _ more than three
years later than initially planned. The airline plans to fly it for the first
time as a charter on Oct. 26 and begin regular service Nov. 1.
The Seattle Times
reports ( http://bit.ly/qtTCuD) that Boeing says the plane will be quieter and
use 20 percent less fuel than planes of similar size. They'll cost roughly $200
million.
The 787s will be
built in Washington state, where about 78,000 of Boeing's 168,000 workers are
located, and in South Carolina, where the company recently opened a $750
million assembly plant.
Gov. Chris
Gregoire congratulated Boeing on the milestone saying, "Certification of
the 787 Dreamliner begins a new chapter in the company's long history."
|
|
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JAPAN,UNITED STATES : Boeing to submit results of final flight tests to
FAA for certification of plane
TendersInfo News
18 August 2011
|
[What follows is
the full text of the article.] All the results
of final flight tests will be submitted by Boeing to the Federal Aviation
Administration for certification of the plane. After the completion of the
certification process, Boeing can begin deliveries of the long-overdue
Dreamliner. The first
delivery is scheduled to All Nippon Airways in Japan. This will take place in
late September. Scott Fancher,
vice president and general manager of the 787 program, said, Our teams are
making outstanding progress in completing the first airplane to be delivered
and achieving certification of the 787. We are inspired by the airline's
enthusiasm for this airplane and look forward to the day wen we make our
first delivery to ANA. Two hour-long
domestic flights will be operated by ANA, departing and landing at Narita, in
an effort to expose more customers to the new 787. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF,KOREA, REPUBLIC OF : Asia to see
more budget airlines soon
TendersInfo News
12 August 2011
|
[What follows is
the full text of the article.] The Asian
airlines are to experience tough contest for their shares in the skies soon.
After the launch of Korea's low-cost airlines like Jeju Airlines and
Eastarjet, foreign carriers from Singapore as well as Thailand have also
decided to enter into the local budget flight sector. The Jeju Air,
Korea's first no-frills airline, was started in 2006, and after that many
like Hansung Airlines, Yeongnam Air, and Incheon Tiger Airways were
introduced. Though some of them had folded their wings because of financial
troubles, but Jeju Air, Jin Air, Air Busan, Eastajet as well as Tway Air now
contribute for around 50 percent in the domestic air market. Jeju Air, Jin
Air, Air Busan and Eastajet currently fly to Japan, China, and Southeast
Asian countries. Jeju Air flies to 11 routes covering four countries, which
are Japan, Thailand, Hong Kong, along with the Philippines, while Jin Air has
operations in six countries, like China and Guam. Jeju Air has
served over 100 million passengers by flying them to reach their destinations
up to July 21, which reflects the future prospects of the low-cost carrier
segment in Asia. Japanese
airlines presentation of three no-frills airlines are Air Asia Japan, the All
Nippon-Airways (ANA) and Malaysia's Air Asia's joint venture, which will be
commencing operations involving Japan and Korea from the next year. Air Asia
flies around 26 million passengers per year with the help of its 110
aircraft. Japan Airlines (JAL) has also partnered with Qantas Airways' budget
carrier Jetstar. Singapore Airlines as well as Thai Airways are chalking out
plans for flying low-cost airlines for connecting Northeast Asia next year. A Jin Air
official said, "The low-cost airlines industry in Asia will be very
competitive, as it only takes a few hours to fly between major cities." Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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JAPAN : Aeroflex deploys RF expansion module at ANA for Cassidian ATEC
Series 6 automated test equipment for RF avionics testing
TendersInfo News
09 August 2011
|
[What follows is
the full text of the article.] Aeroflex Inc., a
completely owned subsidiary of Aeroflex Holding Corp., completed deployment
of a major new RF expansion module (RFEM) at All Nippon Airways (ANA) for
Cassidian ATEC Series 6 automated test equipment for RF avionics testing. ATEC Series 6 is
extensively employed as test platforms in civil aerospace and military
aftermarket. Airlines and original equipment makers including Honeywell,
Airbus and Thales utilize it. Aeroflex RFEM is
based on Aeroflex's successful PXI 3000 Series modules. It is a vital
capability improvement for ATEC Series 6 platform. It was produced under
3-year joint engineering development between Aeroflex and Cassidian, with the
support of Honeywell. Honeywell offered line replaceable units (LRU) for the
development, to provide its aftermarket air transport customers Return to
Service test capability through new RFEM. The early product
launch covered complete design verification and analysis, observed and
approved by Honeywell and client All Nippon Airways. On-site deployment at
ANA Service Center in Haneda International Airport in Japan was carried out
without any problem. The design, engineering, and manufacturing for RFEM was
carried out by the avionics business unit of Aeroflex in Wichita. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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INDIA : Air India plans to raise $830 million to fund Boeing Dreamliner
787
TendersInfo News
04 August 2011
|
[What follows is
the full text of the article.] State-owned
carrier Air India is planning to raise approximately $830 million to fund its
order of Boeing Dreamliner 787's. The deliveries are expected to begin later
this year. The carrier will become the second airline after launch customer
All Nippon Airways to induct these aircraft into fleet service. Four of the 787s
are expected to be received by Air India by the end of the year. The carrier
will get another 23 Dreamliners over the next few years. With the induction
of these aircraft into service, it expects to attract more passengers on its
long-haul services. Chairman,
ASSOCHAM Committee on Aviation, Subhash Goyal said, 787 planes will
definitely change the image of Air India. Aviation is such a business that
you have to be ahead of the race. When 747s came, Air India was the first
airline in Asia to have 747s. Now other countries have taken the lead. So we
want Air India to come back to its glory. The carrier
needs to raise $832 million in loans to cover at least 85 per cent of the
purchase cost of the 787s. The official
added, Air India can manage to get a lot of cash from leasing companies by
reselling the planes to them and taking them on lease. Air India can earn the
money and pays debts and also it can help Air India in the cash flow. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
|
|
JAPAN : ANA joins AirAsia to form AirAsia Japan
TendersInfo News
30 July 2011
|
[What follows is
the full text of the article.] Japan s largest
airline - All Nippon Airways (ANA) Group is partnering with AirAsia to create
a new low-cost carrier - AirAsia Japan. The newly formed
carrier, AirAsia Japan will be the first low-cost carrier to be based at
Narita International Airport. It will operate
under the AirAsia brand and will serve both domestic and international
locations when it starts operations in August 2012. The commencement of services
are subject to receiving certain required sanctions. According to the
carriers, AirAsia Japan formation leverages AirAsia s successful business
model and brings together the complementary strengths of the two companies.
It produces new demand with the aim of making affordable and quality travel
available to all. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
|
JAPAN,UNITED STATES : Narita International Airport in Tokyo to launch
Dreamliner
TendersInfo News
28 July 2011
|
[What follows is
the full text of the article.] All Nippon
Airways (ANA) has corroborated its previous statement that it will offer the
first passenger flight of the Boeing 787 Dreamliner from Narita International
Airport in Tokyo. Though the delivery of the aircraft is expected in
September, ANA aims to start the Hong Kong bound flight, just after one month
of its delivery. The Narita-Hong Kong first flight can be accessed by any
passenger who goes for the ANA designed specific package tour departing
Tokyo. The Boeing 787
Dreamliner flaunting an array of newest technologies offering real value to
airlines as well as unmatched comfort levels to passengers. The blend of
composite material along with enhanced aerodynamics ensures the first
mid-size aircraft capable of flying long-hauled routes as well as reducing
fuel consumption for shorter routes. The plane s imaginative design will
offer passengers with bigger windows having electro-chromatic shades, larger
storage space for cabin luggage along with more refreshing environment inside
the cabin. ANA will also
offer two domestic expedition flights, leaving and arriving at Narita and
lasting nearly an hour after its Hong Kong flight to provide more ANA
customers to enjoy the enhanced comfort level because of the plane's
imaginative designing. The expedition flights will be made available to the
ANA s frequent flyers as well as ANA Mileage Card members. ANA will provide
detailed information regarding the flights schedule including the dates and
the mode of ticket booking at a later date on its dedicated 787 Dreamliner
website. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
|
|
AUSTRALIA,JAPAN,UNITED STATES : Japanese carrier hopes to get delivery
of its first Dreamliner in September
TendersInfo News
28 July 2011
|
[What follows is
the full text of the article.] On Monday, the
787's launch customer, All Nippon Airways said that the first commercial
launch of Dreamliner flight might start from October. The Japanese carrier
hopes that Boeing is most likely to deliver its first 787 in September. The
carrier's expectation is at per with Boeing's newest projection that first
delivery will take place in the Q-3 of this fiscal year. Boeing was supposed
to deliver the first batch of 787 in May 2008. The airline aims
to fly the 787 Dreamliner approximately one month after its delivery. The
carrier is making an arrangement for an international charter flight from
Tokyo to Hong Kong. The Dreamliner's first flight "will be available to
any customer who applies for the special package tour departing Tokyo which
ANA is arranging," the carrier said in its Monday released statement. The airline will
also serve two "excursion" flights that leave and arrive at Tokyo's
Narita airport, which will stay at each airport for nearly an hour. Those
flights will start after the Dreamliner's inaugural flight to Hong Kong. All
information regarding the 787's initial flight schedules will be given later
on the airline's 787's dedicated website: www.ana.co.jp/promotion/b787/en/. As per a report
on Monday, Boeing is likely to delay the first delivery of the next edition
of the Dreamliner, the 787-9, from 2013 to 2014. The West Australian media
reported that the officials of both Air New Zealand and Qantas say they'll
obtain their bigger 787-9s later than hoped. But Boeing denied the report. Boeing will hand
over a 787-8 to ANA, which seats between 210 and 250 passengers. while the
next edition of the Dreamliner, the 787-9 seats 250 to 290. The jet company
is keeping mum adhering to the federal regulations that forbid the aircraft
maker from revealing any major alterations, before announcing its quarterly
results on Wednesday. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
|
|
HONG KONG,JAPAN : All Nippon Airways to operate Boeing 787 in October
TendersInfo News
27 July 2011
|
[What follows is
the full text of the article.] All Nippon
Airways (ANA) have declared that it will get the delivery of Boeing 787
flight in the month of September and will start operating in October. Between the
cities of Tokyo and Hong Kong, the first commercial flight will be operated.
The seats will be made available to any traveller, as long as they are ready
to pay for a special packaged tour being planned by ANA. The delivery of
the next-generation jet is almost delayed by three years, because of a
complex global supply chain for producing parts of the aircraft, challenges
in developing the aircraft from carbon fibre reinforced plastic instead of a
traditional aluminium shell, industrial action and engineering problems with
the plane's software and electrical system. The jets cannot
be said as a direct competitor to the giant Airbus A380. It is much smaller
as compared to a 747 or a 777. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
|
|
HONG KONG : ANA to launch special Tokyo-Hong Kong charter for 787's
first commercial flight
TendersInfo News
27 July 2011
|
[What follows is
the full text of the article.] All Nippon
Airways (ANA) declared that it is planning to introduce customer for Boeing's
787 Dreamliner, a special charter from Tokyo to Hong Kong in October. ANA stated that
it projects to take supply of its first Dreamliner in September, with the
inaugural flight about a month later. The inaugural
flight will be available to any passenger who applies for a special tour
package that ANA will arrange, departing Tokyo's Narita airport. The airline will
also operate two domestic excursion flights available to those customers,
departing and landing at Narita and lasting about an hour. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
|
|
|
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
Revenue |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
Total Revenue |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
12,866.6 |
11,639.8 |
11,513.1 |
10,037.5 |
9,838.1 |
|
Cost of Revenue, Total |
12,866.6 |
11,639.8 |
11,513.1 |
10,037.5 |
9,838.1 |
|
Gross Profit |
2,976.9 |
1,576.7 |
2,345.6 |
2,979.1 |
2,900.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,850.6 |
1,872.0 |
1,992.7 |
1,919.8 |
1,817.9 |
|
Labor & Related Expense |
108.8 |
65.8 |
51.2 |
68.7 |
48.8 |
|
Advertising Expense |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Total Selling/General/Administrative Expenses |
2,022.8 |
2,012.4 |
2,143.8 |
2,120.4 |
2,005.9 |
|
Depreciation |
162.8 |
147.9 |
126.3 |
315.7 |
105.9 |
|
Depreciation/Amortization |
162.8 |
147.9 |
126.3 |
315.7 |
105.9 |
|
Restructuring Charge |
0.0 |
- |
- |
- |
- |
|
Litigation |
79.8 |
0.0 |
- |
- |
- |
|
Impairment-Assets Held for Use |
119.4 |
103.9 |
56.1 |
173.8 |
160.7 |
|
Impairment-Assets Held for Sale |
41.3 |
6.9 |
38.7 |
33.5 |
1.8 |
|
Other Unusual Expense (Income) |
-137.4 |
70.3 |
7.4 |
222.1 |
2.8 |
|
Unusual Expense (Income) |
103.1 |
181.2 |
102.3 |
429.4 |
165.3 |
|
Total Operating Expense |
15,155.3 |
13,981.3 |
13,885.5 |
12,903.1 |
12,115.2 |
|
|
|
|
|
|
|
|
Operating Income |
688.2 |
-764.9 |
-26.8 |
113.5 |
623.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-225.4 |
-195.4 |
-147.6 |
-131.7 |
-151.4 |
|
Interest Expense, Net Non-Operating |
-225.4 |
-195.4 |
-147.6 |
-131.7 |
-151.4 |
|
Interest Income -
Non-Operating |
11.6 |
12.2 |
15.5 |
27.8 |
31.8 |
|
Investment Income -
Non-Operating |
43.5 |
32.8 |
30.2 |
9.0 |
30.7 |
|
Interest/Investment Income - Non-Operating |
55.1 |
45.0 |
45.7 |
36.8 |
62.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
-170.3 |
-150.4 |
-101.9 |
-94.9 |
-88.9 |
|
Gain (Loss) on Sale of Assets |
-20.8 |
-49.1 |
123.9 |
1,082.7 |
5.6 |
|
Other Non-Operating Income (Expense) |
-88.0 |
-64.1 |
-39.4 |
-93.3 |
-103.0 |
|
Other, Net |
-88.0 |
-64.1 |
-39.4 |
-93.3 |
-103.0 |
|
Income Before Tax |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
140.4 |
-409.1 |
0.6 |
439.1 |
148.5 |
|
Income After Tax |
268.7 |
-619.4 |
-44.8 |
568.9 |
288.1 |
|
|
|
|
|
|
|
|
Minority Interest |
3.3 |
1.9 |
2.4 |
-7.8 |
-8.9 |
|
Net Income Before Extraord Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Basic EPS Excl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Basic/Primary EPS Incl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Diluted Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Diluted EPS Excl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Diluted EPS Incl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Dividends per Share - Common Stock Primary Issue |
0.02 |
0.00 |
0.01 |
0.04 |
0.03 |
|
Gross Dividends - Common Stock |
58.6 |
0.0 |
19.2 |
85.2 |
50.0 |
|
Interest Expense, Supplemental |
225.4 |
195.4 |
147.6 |
131.7 |
151.4 |
|
Depreciation, Supplemental |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Total Special Items |
123.9 |
230.3 |
-21.6 |
-653.3 |
159.7 |
|
Normalized Income Before Tax |
533.0 |
-798.2 |
-65.8 |
354.7 |
596.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
42.5 |
80.6 |
-7.5 |
-284.6 |
54.3 |
|
Inc Tax Ex Impact of Sp Items |
183.0 |
-328.5 |
-7.0 |
154.5 |
202.9 |
|
Normalized Income After Tax |
350.1 |
-469.7 |
-58.8 |
200.2 |
393.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
353.3 |
-467.7 |
-56.4 |
192.4 |
384.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Diluted Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Advertising Expense, Supplemental |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Reported Operating Profit |
791.3 |
-583.7 |
75.5 |
738.3 |
788.3 |
|
Reported Ordinary Profit |
432.0 |
-928.6 |
0.9 |
494.5 |
535.1 |
|
Normalized EBIT |
791.3 |
-583.7 |
75.5 |
542.9 |
788.3 |
|
Normalized EBITDA |
2,173.5 |
640.8 |
1,198.9 |
1,760.0 |
1,546.0 |
|
Interest Cost - Domestic |
76.2 |
71.9 |
64.8 |
57.0 |
54.9 |
|
Service Cost - Domestic |
125.6 |
116.0 |
103.6 |
95.1 |
93.7 |
|
Prior Service Cost - Domestic |
-44.7 |
-43.0 |
-38.4 |
-33.6 |
-32.0 |
|
Expected Return on Assets - Domestic |
-40.4 |
-35.5 |
-40.0 |
-39.9 |
-37.4 |
|
Actuarial Gains and Losses - Domestic |
73.3 |
76.9 |
53.8 |
34.7 |
31.2 |
|
Transition Costs - Domestic |
75.0 |
69.1 |
65.0 |
58.0 |
57.4 |
|
Domestic Pension Plan Expense |
265.0 |
255.3 |
208.8 |
171.3 |
167.9 |
|
Defined Contribution Expense - Domestic |
11.4 |
9.9 |
7.9 |
5.8 |
5.2 |
|
Total Pension Expense |
276.4 |
265.2 |
216.7 |
177.1 |
173.1 |
|
Discount Rate - Domestic |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
Total Plan Interest Cost |
76.2 |
71.9 |
64.8 |
57.0 |
54.9 |
|
Total Plan Service Cost |
125.6 |
116.0 |
103.6 |
95.1 |
93.7 |
|
Total Plan Expected Return |
-40.4 |
-35.5 |
-40.0 |
-39.9 |
-37.4 |
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
445.9 |
141.8 |
604.1 |
516.5 |
1,464.8 |
|
Short Term Investments |
2,097.9 |
1,932.5 |
855.4 |
1,298.8 |
0.3 |
|
Cash and Short Term Investments |
2,543.8 |
2,074.3 |
1,459.5 |
1,815.3 |
1,465.1 |
|
Accounts Receivable -
Trade, Gross |
1,155.4 |
1,036.3 |
902.9 |
1,187.8 |
1,044.1 |
|
Provision for Doubtful
Accounts |
-15.0 |
-8.0 |
-4.8 |
-0.8 |
-4.6 |
|
Trade Accounts Receivable - Net |
1,140.4 |
1,028.3 |
898.1 |
1,186.9 |
1,039.6 |
|
Total Receivables, Net |
1,140.4 |
1,028.3 |
898.1 |
1,186.9 |
1,039.6 |
|
Inventories - Finished Goods |
65.7 |
59.3 |
60.0 |
- |
- |
|
Inventories - Other |
603.5 |
549.7 |
518.3 |
- |
- |
|
Total Inventory |
669.1 |
609.1 |
578.3 |
531.4 |
514.4 |
|
Deferred Income Tax - Current Asset |
466.0 |
264.5 |
742.1 |
340.7 |
79.7 |
|
Other Current Assets |
878.0 |
534.9 |
844.4 |
882.7 |
475.7 |
|
Other Current Assets, Total |
1,343.9 |
799.4 |
1,586.5 |
1,223.4 |
555.3 |
|
Total Current Assets |
5,697.2 |
4,511.1 |
4,522.4 |
4,757.1 |
3,574.4 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
14,348.5 |
12,332.6 |
10,937.2 |
11,041.8 |
8,213.5 |
|
Intangibles, Net |
897.7 |
755.3 |
637.2 |
473.1 |
364.4 |
|
LT Investment - Affiliate Companies |
241.9 |
131.0 |
- |
- |
- |
|
LT Investments - Other |
374.4 |
410.4 |
554.3 |
648.8 |
578.9 |
|
Long Term Investments |
616.3 |
541.4 |
554.3 |
648.8 |
578.9 |
|
Note Receivable - Long Term |
61.2 |
45.2 |
32.4 |
24.0 |
32.1 |
|
Deferred Charges |
6.2 |
8.7 |
1.9 |
1.4 |
4.3 |
|
Deferred Income Tax - Long Term Asset |
1,123.5 |
1,333.0 |
826.1 |
450.6 |
301.1 |
|
Other Long Term Assets |
512.1 |
368.8 |
318.6 |
520.5 |
499.7 |
|
Other Long Term Assets, Total |
1,641.9 |
1,710.5 |
1,146.6 |
972.4 |
805.1 |
|
Total Assets |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,939.6 |
1,616.2 |
1,507.7 |
1,841.5 |
1,685.3 |
|
Accrued Expenses |
334.0 |
121.8 |
124.7 |
252.2 |
129.8 |
|
Notes Payable/Short Term Debt |
2.0 |
311.4 |
471.5 |
25.9 |
29.6 |
|
Current Portion - Long Term Debt/Capital Leases |
1,764.3 |
1,623.3 |
1,244.2 |
1,344.4 |
1,314.6 |
|
Income Taxes Payable |
57.8 |
28.6 |
13.7 |
817.0 |
28.5 |
|
Other Current Liabilities |
1,302.7 |
1,356.7 |
1,732.0 |
1,213.9 |
818.3 |
|
Other Current liabilities, Total |
1,360.5 |
1,385.3 |
1,745.7 |
2,031.0 |
846.8 |
|
Total Current Liabilities |
5,400.5 |
5,057.9 |
5,093.9 |
5,495.1 |
4,006.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
9,171.8 |
7,744.1 |
6,904.7 |
5,772.6 |
5,002.9 |
|
Capital Lease Obligations |
389.3 |
399.3 |
463.7 |
571.6 |
0.0 |
|
Total Long Term Debt |
9,561.1 |
8,143.4 |
7,368.4 |
6,344.3 |
5,002.9 |
|
Total Debt |
11,327.4 |
10,078.0 |
9,084.1 |
7,714.6 |
6,347.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
23.5 |
4.3 |
0.7 |
0.8 |
12.6 |
|
Deferred Income Tax |
23.5 |
4.3 |
0.7 |
0.8 |
12.6 |
|
Minority Interest |
73.6 |
70.0 |
39.6 |
29.9 |
65.1 |
|
Reserves |
25.7 |
0.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
1,495.8 |
1,283.6 |
1,189.5 |
1,133.1 |
953.7 |
|
Other Long Term Liabilities |
405.4 |
268.8 |
879.0 |
363.3 |
155.2 |
|
Other Liabilities, Total |
1,926.9 |
1,552.5 |
2,068.5 |
1,496.4 |
1,108.9 |
|
Total Liabilities |
16,985.6 |
14,828.1 |
14,571.0 |
13,366.4 |
10,195.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,791.8 |
2,476.3 |
1,619.9 |
1,607.5 |
1,355.1 |
|
Common Stock |
2,791.8 |
2,476.3 |
1,619.9 |
1,607.5 |
1,355.1 |
|
Additional Paid-In Capital |
2,368.8 |
2,104.4 |
1,272.9 |
1,263.4 |
1,064.9 |
|
Retained Earnings (Accumulated Deficit) |
1,144.9 |
690.4 |
1,253.7 |
1,384.7 |
673.6 |
|
Treasury Stock - Common |
-70.0 |
-75.1 |
-64.7 |
-9.3 |
-6.1 |
|
Unrealized Gain (Loss) |
50.7 |
-125.2 |
-822.2 |
302.7 |
288.3 |
|
Translation Adjustment |
-9.0 |
-2.8 |
-0.7 |
1.9 |
-3.1 |
|
Other Equity, Total |
-9.0 |
-2.8 |
-0.7 |
1.9 |
-3.1 |
|
Total Equity |
6,277.2 |
5,068.0 |
3,258.9 |
4,550.9 |
3,372.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
Total Common Shares Outstanding |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
Treasury Shares - Common Stock Primary Issue |
15.9 |
18.5 |
16.8 |
2.3 |
1.9 |
|
Employees |
32,731 |
32,578 |
33,045 |
31,345 |
32,460 |
|
Number of Common Shareholders |
350,736 |
340,210 |
289,917 |
285,117 |
238,448 |
|
Total Long Term Debt, Supplemental |
10,813.2 |
9,240.5 |
8,029.6 |
6,958.4 |
6,317.6 |
|
Long Term Debt Maturing within 1 Year |
1,629.3 |
1,496.4 |
1,124.9 |
1,185.7 |
1,314.6 |
|
Long Term Debt Maturing in Year 2 |
1,193.1 |
1,289.4 |
1,234.8 |
969.3 |
987.4 |
|
Long Term Debt Maturing in Year 3 |
981.8 |
509.4 |
336.5 |
419.9 |
301.5 |
|
Long Term Debt Maturing in Year 4 |
981.8 |
509.4 |
336.5 |
419.9 |
301.5 |
|
Long Term Debt Maturing in Year 5 |
1,677.2 |
1,596.8 |
783.1 |
476.5 |
672.5 |
|
Long Term Debt Maturing in Year 6 |
441.4 |
300.8 |
346.3 |
351.9 |
263.7 |
|
Long Term Debt Maturing in Year 7 |
441.4 |
300.8 |
346.3 |
351.9 |
263.7 |
|
Long Term Debt Maturing in Year 8 |
441.4 |
300.8 |
346.3 |
351.9 |
263.7 |
|
Long Term Debt Maturing in 2-3 Years |
2,174.9 |
1,798.8 |
1,571.3 |
1,389.1 |
1,288.9 |
|
Long Term Debt Maturing in 4-5 Years |
2,659.0 |
2,106.2 |
1,119.6 |
896.4 |
974.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
4,350.0 |
3,839.1 |
4,213.8 |
3,487.1 |
2,740.0 |
|
Total Capital Leases, Supplemental |
524.3 |
526.2 |
583.0 |
730.4 |
- |
|
Capital Lease Payments Due in Year 1 |
135.1 |
126.9 |
119.3 |
158.7 |
- |
|
Capital Lease Payments Due in Year 2 |
132.9 |
108.9 |
115.0 |
116.5 |
- |
|
Capital Lease Payments Due in Year 3 |
118.6 |
101.8 |
97.5 |
112.1 |
- |
|
Capital Lease Payments Due in Year 4 |
85.7 |
89.1 |
91.5 |
95.0 |
- |
|
Capital Lease Payments Due in Year 5 |
33.5 |
61.0 |
80.3 |
89.7 |
- |
|
Capital Lease Payments Due in 2-3 Years |
251.5 |
210.7 |
212.4 |
228.6 |
- |
|
Capital Lease Payments Due in 4-5 Years |
119.2 |
150.2 |
171.8 |
184.7 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
18.6 |
38.3 |
79.5 |
158.3 |
- |
|
Pension Obligation - Domestic |
3,252.6 |
2,869.6 |
2,730.8 |
2,671.5 |
2,356.8 |
|
Plan Assets - Domestic |
1,157.4 |
1,034.9 |
839.9 |
979.9 |
1,001.0 |
|
Funded Status - Domestic |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Total Funded Status |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Discount Rate - Domestic |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
Prepaid Benefits - Domestic |
0.1 |
2.3 |
2.1 |
7.1 |
8.7 |
|
Accrued Liabilities - Domestic |
-1,488.9 |
-1,278.1 |
-1,183.7 |
-1,127.8 |
-953.7 |
|
Other Assets, Net - Domestic |
606.5 |
558.9 |
709.2 |
570.9 |
410.8 |
|
Net Assets Recognized on Balance Sheet |
-882.3 |
-716.9 |
-472.5 |
-549.8 |
-534.1 |
|
Total Plan Obligations |
3,252.6 |
2,869.6 |
2,730.8 |
2,671.5 |
2,356.8 |
|
Total Plan Assets |
1,157.4 |
1,034.9 |
839.9 |
979.9 |
1,001.0 |
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
Depreciation |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Depreciation/Depletion |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Unusual Items |
286.7 |
163.7 |
-31.1 |
-848.3 |
150.8 |
|
Other Non-Cash Items |
256.0 |
231.2 |
180.5 |
125.4 |
155.2 |
|
Non-Cash Items |
542.7 |
394.8 |
149.4 |
-722.9 |
306.0 |
|
Accounts Receivable |
47.0 |
5.5 |
358.7 |
-87.3 |
-100.8 |
|
Accounts Payable |
113.6 |
16.7 |
-341.8 |
-104.2 |
242.8 |
|
Other Operating Cash Flow |
-115.3 |
279.9 |
-1,641.4 |
139.5 |
-284.9 |
|
Changes in Working Capital |
45.4 |
302.1 |
-1,624.4 |
-52.0 |
-142.9 |
|
Cash from Operating Activities |
2,379.3 |
892.9 |
-395.9 |
1,450.2 |
1,357.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2,195.2 |
-2,003.1 |
-1,158.3 |
-2,950.2 |
-2,024.5 |
|
Purchase/Acquisition of Intangibles |
-275.2 |
-255.7 |
-291.8 |
-179.5 |
-129.8 |
|
Capital Expenditures |
-2,470.5 |
-2,258.8 |
-1,450.1 |
-3,129.7 |
-2,154.2 |
|
Acquisition of Business |
- |
- |
0.0 |
-0.3 |
0.0 |
|
Sale of Business |
- |
- |
0.0 |
2,151.4 |
0.0 |
|
Sale of Fixed Assets |
445.7 |
107.2 |
423.8 |
395.5 |
897.0 |
|
Sale/Maturity of Investment |
1,673.0 |
767.6 |
8.1 |
127.5 |
203.5 |
|
Purchase of Investments |
-1,242.6 |
-1,274.5 |
-5.0 |
-154.3 |
-101.6 |
|
Other Investing Cash Flow |
-34.9 |
-51.7 |
-82.9 |
-1.0 |
58.3 |
|
Other Investing Cash Flow Items, Total |
841.1 |
-451.4 |
344.0 |
2,518.8 |
1,057.2 |
|
Cash from Investing Activities |
-1,629.3 |
-2,710.2 |
-1,106.0 |
-610.9 |
-1,097.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.0 |
-59.5 |
16.0 |
-33.9 |
6.7 |
|
Financing Cash Flow Items |
-1.0 |
-59.5 |
16.0 |
-33.9 |
6.7 |
|
Cash Dividends Paid - Common |
0.0 |
-20.8 |
-96.9 |
-51.1 |
-49.9 |
|
Total Cash Dividends Paid |
0.0 |
-20.8 |
-96.9 |
-51.1 |
-49.9 |
|
Sale/Issuance of
Common |
0.0 |
1,526.1 |
0.0 |
- |
0.0 |
|
Common Stock, Net |
11.8 |
1,514.5 |
-54.7 |
-1.6 |
8.5 |
|
Issuance (Retirement) of Stock, Net |
11.8 |
1,514.5 |
-54.7 |
-1.6 |
8.5 |
|
Short Term Debt, Net |
-337.6 |
-188.0 |
437.8 |
-8.0 |
-44.4 |
|
Long Term Debt Issued |
2,117.0 |
2,090.8 |
2,245.3 |
1,170.9 |
830.8 |
|
Long Term Debt
Reduction |
-1,913.9 |
-1,467.0 |
-1,407.9 |
-1,840.3 |
-1,614.5 |
|
Long Term Debt, Net |
203.1 |
623.7 |
837.4 |
-669.4 |
-783.7 |
|
Issuance (Retirement) of Debt, Net |
-134.5 |
435.7 |
1,275.2 |
-677.4 |
-828.1 |
|
Cash from Financing Activities |
-123.7 |
1,869.9 |
1,139.5 |
-764.1 |
-862.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-3.0 |
-1.5 |
-1.1 |
-8.0 |
-0.5 |
|
Net Change in Cash |
623.4 |
51.1 |
-363.5 |
67.3 |
-602.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,729.3 |
1,543.3 |
1,791.0 |
1,507.2 |
2,076.1 |
|
Net Cash - Ending Balance |
2,352.7 |
1,594.4 |
1,427.4 |
1,574.5 |
1,473.1 |
|
Cash Interest Paid |
223.3 |
194.6 |
145.2 |
135.1 |
152.1 |
|
Cash Taxes Paid |
39.6 |
-402.3 |
1,195.9 |
51.1 |
172.7 |
|
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Revenues |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
Total Revenue |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
12,498.4 |
11,290.7 |
11,193.8 |
9,747.5 |
9,532.2 |
|
Selling Commission |
763.4 |
776.4 |
883.1 |
819.1 |
762.8 |
|
Advertising Expenses |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Salary Expenses |
368.2 |
349.1 |
319.3 |
290.0 |
305.9 |
|
Doubt Debt Allow |
1.2 |
1.5 |
2.9 |
1.6 |
0.0 |
|
Bonus Allowance |
67.3 |
25.6 |
25.0 |
48.3 |
29.7 |
|
Accrued Retirement |
41.5 |
40.2 |
26.1 |
20.5 |
19.1 |
|
Depreciation |
162.8 |
147.9 |
126.3 |
120.3 |
105.9 |
|
Other Selling & Gen. |
1,086.0 |
1,094.2 |
1,106.7 |
1,099.1 |
1,055.1 |
|
SP Aid income |
0.0 |
-0.7 |
-1.1 |
-1.2 |
-1.8 |
|
SP G Settlement Prior Yr. Contract Sales |
- |
- |
- |
0.0 |
-14.1 |
|
SP Facilities Related Compensation |
- |
- |
- |
- |
-4.2 |
|
SP G on rev. of res. for antitrust law |
-195.2 |
0.0 |
- |
- |
- |
|
SP Gain-pension plan return |
-0.4 |
-18.5 |
0.0 |
- |
- |
|
SP Insurance benefits |
-0.9 |
-2.9 |
-6.7 |
0.0 |
- |
|
SP G on insurance adjustment |
- |
0.0 |
-28.6 |
0.0 |
- |
|
SP Other Special Gains |
-0.4 |
-2.1 |
-1.3 |
-26.5 |
-1.8 |
|
SP Fix Asset Retired |
35.6 |
9.4 |
2.2 |
2.8 |
11.1 |
|
SP Impairment loss |
3.7 |
13.5 |
0.0 |
123.5 |
92.4 |
|
SP Special Retirement |
2.2 |
48.1 |
6.6 |
10.6 |
5.1 |
|
SP Settlement package |
79.8 |
0.0 |
- |
- |
- |
|
SP Reval.-Inv. Security |
41.3 |
6.9 |
38.7 |
33.5 |
1.8 |
|
SP L on adjut for change of acc. assets |
24.9 |
0.0 |
- |
- |
- |
|
SP Affiliate Restructur |
0.0 |
- |
- |
- |
- |
|
SP L on Replacement of Generating Parts |
- |
- |
- |
0.0 |
9.7 |
|
SP Nonrecurring depreciation |
- |
- |
0.0 |
195.4 |
0.0 |
|
SP Lease acct. effect |
- |
- |
0.0 |
33.4 |
0.0 |
|
SP Antitrust laws related Provision |
0.0 |
7.0 |
0.0 |
141.7 |
0.0 |
|
SP Antitrust laws proceeding related |
8.1 |
9.2 |
20.9 |
0.0 |
- |
|
SP Other Special Losses |
24.5 |
30.3 |
17.6 |
64.1 |
9.8 |
|
NOP Fixed Asset Retired |
80.2 |
81.0 |
53.9 |
47.5 |
57.2 |
|
Total Operating Expense |
15,155.3 |
13,981.3 |
13,885.5 |
12,903.1 |
12,115.2 |
|
|
|
|
|
|
|
|
NOP Interest Income |
11.6 |
12.2 |
15.5 |
27.8 |
31.8 |
|
NOP Dividend Income |
18.7 |
16.6 |
13.1 |
12.5 |
13.9 |
|
NOP Currency Gains |
16.8 |
18.2 |
11.2 |
0.0 |
6.4 |
|
NOP Gain-Assets Sold |
4.8 |
11.7 |
149.5 |
21.2 |
5.2 |
|
NOP Equity in Affiliate |
8.0 |
0.0 |
2.7 |
3.4 |
2.4 |
|
NOP Other Income |
46.3 |
62.5 |
61.7 |
45.3 |
37.8 |
|
NOP Interest Expenses |
-225.4 |
-195.4 |
-147.6 |
-131.7 |
-151.4 |
|
NOP Currency Losses |
- |
- |
0.0 |
-14.5 |
- |
|
NOP Loss-Asset Sold |
-25.6 |
-60.9 |
-25.6 |
-21.7 |
-1.3 |
|
NOP Accrued Retirement |
-75.0 |
-69.1 |
-65.0 |
-58.0 |
-57.4 |
|
NOP Equity Loss in Affil |
0.0 |
-2.2 |
0.0 |
- |
0.0 |
|
NOP Lease Equip. Recall Expense |
-33.2 |
-20.4 |
-3.0 |
-35.7 |
-55.9 |
|
NOP Other Expenses |
-26.0 |
-37.1 |
-33.0 |
-44.8 |
-27.6 |
|
SP Gain-Fix Asset Sold |
- |
- |
0.0 |
24.1 |
4.0 |
|
SP Gain-Inv. Sec. Sold |
0.0 |
0.2 |
3.2 |
7.7 |
10.6 |
|
SP Gain-Transfer of Hotel Business Asset |
- |
- |
0.0 |
1,163.5 |
0.0 |
|
SP Loss-Fix Asset Sold |
- |
- |
0.0 |
-6.4 |
-2.2 |
|
SP Loss-Inv. Sec. Sold |
- |
- |
0.0 |
-0.1 |
-2.7 |
|
SP L on dispo. of retire. materials |
- |
- |
0.0 |
-98.0 |
0.0 |
|
Net Income Before Taxes |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
140.4 |
-409.1 |
0.6 |
439.1 |
148.5 |
|
Net Income After Taxes |
268.7 |
-619.4 |
-44.8 |
568.9 |
288.1 |
|
|
|
|
|
|
|
|
Minority Interest |
3.3 |
1.9 |
2.4 |
-7.8 |
-8.9 |
|
Net Income Before Extra. Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Basic EPS Including ExtraOrdinary Item |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Diluted Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Diluted EPS Including ExtraOrd Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
DPS-Common Stock |
0.02 |
0.00 |
0.01 |
0.04 |
0.03 |
|
Gross Dividends - Common Stock |
58.6 |
0.0 |
19.2 |
85.2 |
50.0 |
|
Normalized Income Before Taxes |
533.0 |
-798.2 |
-65.8 |
354.7 |
596.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
183.0 |
-328.5 |
-7.0 |
154.5 |
202.9 |
|
Normalized Income After Taxes |
350.1 |
-469.7 |
-58.8 |
200.2 |
393.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
353.3 |
-467.7 |
-56.4 |
192.4 |
384.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Diluted Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Advertising Expense |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Interest Expense |
225.4 |
195.4 |
147.6 |
131.7 |
151.4 |
|
Depreciation |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Reported Operating Profit |
791.3 |
-583.7 |
75.5 |
738.3 |
788.3 |
|
Reported Ordinary Profit |
432.0 |
-928.6 |
0.9 |
494.5 |
535.1 |
|
Service Cost |
125.6 |
116.0 |
103.6 |
95.1 |
93.7 |
|
Interest Cost |
76.2 |
71.9 |
64.8 |
57.0 |
54.9 |
|
Expected Return on Plan Assets |
-40.4 |
-35.5 |
-40.0 |
-39.9 |
-37.4 |
|
Pension Exp. due to Acct. Changes |
75.0 |
69.1 |
65.0 |
58.0 |
57.4 |
|
Actuarial Gains and Losses |
73.3 |
76.9 |
53.8 |
34.7 |
31.2 |
|
Prior Service Cost |
-44.7 |
-43.0 |
-38.4 |
-33.6 |
-32.0 |
|
Domestic Pension Plan Expense |
265.0 |
255.3 |
208.8 |
171.3 |
167.9 |
|
Defined Contribution Expense |
11.4 |
9.9 |
7.9 |
5.8 |
5.2 |
|
Total Pension Expense |
276.4 |
265.2 |
216.7 |
177.1 |
173.1 |
|
Discount Rate |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
445.9 |
141.8 |
604.1 |
516.5 |
1,464.8 |
|
Accounts Rcvbl. |
1,155.4 |
1,036.3 |
902.9 |
1,187.8 |
1,044.1 |
|
Securities |
2,097.9 |
1,932.5 |
855.4 |
1,298.8 |
0.3 |
|
Inventories |
- |
- |
- |
531.4 |
514.4 |
|
Merchandise |
65.7 |
59.3 |
60.0 |
- |
- |
|
Supplies |
603.5 |
549.7 |
518.3 |
- |
- |
|
Defer. Tax Asset |
466.0 |
264.5 |
742.1 |
340.7 |
79.7 |
|
Other Current |
878.0 |
534.9 |
844.4 |
882.7 |
475.7 |
|
Doubt Debt Allow |
-15.0 |
-8.0 |
-4.8 |
-0.8 |
-4.6 |
|
Total Current Assets |
5,697.2 |
4,511.1 |
4,522.4 |
4,757.1 |
3,574.4 |
|
|
|
|
|
|
|
|
Bldg & Structure |
1,421.0 |
1,173.4 |
1,053.4 |
1,008.5 |
1,351.7 |
|
Aircraft |
8,621.8 |
6,914.6 |
6,410.0 |
6,113.3 |
4,943.7 |
|
Machineries |
307.2 |
282.5 |
231.0 |
186.7 |
162.7 |
|
Tools & Supplies |
138.6 |
126.9 |
136.8 |
142.3 |
136.1 |
|
Land |
691.1 |
552.4 |
464.1 |
461.6 |
798.7 |
|
Lease assets, net |
433.2 |
468.7 |
553.3 |
700.5 |
0.0 |
|
Constr In Progr |
2,735.6 |
2,814.1 |
2,088.7 |
2,428.8 |
820.6 |
|
Intangible Assets |
897.7 |
755.3 |
637.2 |
473.1 |
364.4 |
|
Inv. Securities |
374.4 |
410.4 |
554.3 |
648.8 |
578.9 |
|
Equity secs.-nonconsol affil.&sub. |
241.9 |
131.0 |
- |
- |
- |
|
Long Term Loans |
61.2 |
45.2 |
32.4 |
24.0 |
32.1 |
|
Defer. Tax Asset |
1,123.5 |
1,333.0 |
826.1 |
450.6 |
301.1 |
|
Other LT Asset |
522.8 |
383.4 |
329.5 |
534.0 |
508.9 |
|
Doubt Debt Allow |
-10.7 |
-14.7 |
-10.9 |
-13.6 |
-9.2 |
|
Deferred Assets |
6.2 |
8.7 |
1.9 |
1.4 |
4.3 |
|
Total Assets |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
Note & A/C Pybl. |
1,939.6 |
1,616.2 |
1,507.7 |
1,841.5 |
1,685.3 |
|
Short Term Debt |
2.0 |
311.4 |
471.5 |
25.9 |
29.6 |
|
Current LT Debt |
1,388.0 |
1,068.3 |
821.2 |
683.4 |
933.5 |
|
Curr. Corp Debt |
241.3 |
428.1 |
303.7 |
502.3 |
381.1 |
|
Lease obligations |
135.1 |
126.9 |
119.3 |
158.7 |
0.0 |
|
Income Tax Pybl. |
57.8 |
28.6 |
13.7 |
817.0 |
28.5 |
|
Bonus Allowance |
334.0 |
121.8 |
124.7 |
252.2 |
129.8 |
|
Reserve for antitrust laws |
1.4 |
180.3 |
164.0 |
162.7 |
0.0 |
|
Assets Obligation |
19.5 |
0.0 |
- |
- |
- |
|
Other Current |
1,281.9 |
1,176.4 |
1,568.0 |
1,051.2 |
818.3 |
|
Total Current Liabilities |
5,400.5 |
5,057.9 |
5,093.9 |
5,495.1 |
4,006.2 |
|
|
|
|
|
|
|
|
Corporate Debt |
1,146.2 |
1,016.7 |
1,366.8 |
1,456.8 |
1,397.4 |
|
Long Term Debt |
8,025.6 |
6,727.4 |
5,537.9 |
4,315.8 |
3,605.5 |
|
Lease obligations |
389.3 |
399.3 |
463.7 |
571.6 |
0.0 |
|
Total Long Term Debt |
9,561.1 |
8,143.4 |
7,368.4 |
6,344.3 |
5,002.9 |
|
|
|
|
|
|
|
|
Accrued Retirem. |
1,488.9 |
1,278.1 |
1,183.7 |
1,127.8 |
953.7 |
|
Reserve for officers' retirement |
6.9 |
5.5 |
5.8 |
5.3 |
0.0 |
|
Reserve for bonuses |
25.7 |
0.0 |
- |
- |
- |
|
Defer. Tax Liab. |
23.5 |
4.3 |
0.7 |
0.8 |
12.6 |
|
Negative Goodwill |
4.7 |
9.8 |
20.8 |
28.0 |
9.4 |
|
Assets Obligation |
11.8 |
0.0 |
- |
- |
- |
|
Others |
388.9 |
259.0 |
858.1 |
335.3 |
145.9 |
|
Min. Interest |
73.6 |
70.0 |
39.6 |
29.9 |
65.1 |
|
Total Liabilities |
16,985.6 |
14,828.1 |
14,571.0 |
13,366.4 |
10,195.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,791.8 |
2,476.3 |
1,619.9 |
1,607.5 |
1,355.1 |
|
Paid In Capital |
2,368.8 |
2,104.4 |
1,272.9 |
1,263.4 |
1,064.9 |
|
Accumulated Loss |
1,144.9 |
690.4 |
1,253.7 |
1,384.7 |
673.6 |
|
Treasury Stock |
-70.0 |
-75.1 |
-64.7 |
-9.3 |
-6.1 |
|
Unreal Gain-Sec. |
-9.8 |
16.2 |
14.1 |
78.9 |
92.2 |
|
Deferred Hedge Gain/Loss |
60.4 |
-141.4 |
-836.3 |
223.7 |
196.1 |
|
Translation Adj. |
-9.0 |
-2.8 |
-0.7 |
1.9 |
-3.1 |
|
Total Equity |
6,277.2 |
5,068.0 |
3,258.9 |
4,550.9 |
3,372.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
Total Common Shares Outstanding |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
T/S-Common Stock |
15.9 |
18.5 |
16.8 |
2.3 |
1.9 |
|
Full-Time Employees |
32,731 |
32,578 |
33,045 |
31,345 |
32,460 |
|
Number of Common Shareholders |
350,736 |
340,210 |
289,917 |
285,117 |
238,448 |
|
LT Debt <1Yr. |
1,629.3 |
1,496.4 |
1,124.9 |
1,185.7 |
1,314.6 |
|
LT Debt <2Yr. |
1,193.1 |
1,289.4 |
1,234.8 |
969.3 |
987.4 |
|
LT Debt <3Yr. |
1,324.2 |
902.5 |
1,039.0 |
1,055.7 |
791.2 |
|
LT Debt <4Yr. |
1,963.6 |
1,018.8 |
673.0 |
839.8 |
603.1 |
|
LT Debt <5Yr. |
1,677.2 |
1,596.8 |
783.1 |
476.5 |
672.5 |
|
LT Debt Remaining |
3,025.8 |
2,936.5 |
3,174.7 |
2,431.4 |
1,948.8 |
|
Total Long Term Debt, Supplemental |
10,813.2 |
9,240.5 |
8,029.6 |
6,958.4 |
6,317.6 |
|
Capital Lease Payments Wihtin 1 Year |
135.1 |
126.9 |
119.3 |
158.7 |
- |
|
Capital Lease Payments Due in Year2 |
132.9 |
108.9 |
115.0 |
116.5 |
- |
|
Capital Lease Payments Due in Year3 |
118.6 |
101.8 |
97.5 |
112.1 |
- |
|
Capital Lease Payments Due in Year4 |
85.7 |
89.1 |
91.5 |
95.0 |
- |
|
Capital Lease Payments Due in Year5 |
33.5 |
61.0 |
80.3 |
89.7 |
- |
|
Capital Lease Remaining |
18.6 |
38.3 |
79.5 |
158.3 |
- |
|
Total Capital Leases |
524.3 |
526.2 |
583.0 |
730.4 |
- |
|
Pension Obligation |
3,252.6 |
2,869.6 |
2,730.8 |
2,671.5 |
2,356.8 |
|
Fair Value of Plan Assets |
1,157.4 |
1,034.9 |
839.9 |
979.9 |
1,001.0 |
|
Funded Status |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Total Funded Status |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Discount Rate |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
Expense Unrecog. for Acct. Changes |
310.1 |
343.8 |
396.8 |
459.3 |
454.8 |
|
Unrecognized Actuarial Gains and Losses |
498.6 |
433.4 |
529.1 |
364.4 |
201.8 |
|
Unrecognized Prior Service Cost |
-202.2 |
-218.4 |
-216.6 |
-252.9 |
-245.7 |
|
Prepaid Pension Benefits |
0.1 |
2.3 |
2.1 |
7.1 |
8.7 |
|
Reserve for Accrued Retirement Benefits |
-1,488.9 |
-1,278.1 |
-1,183.7 |
-1,127.8 |
-953.7 |
|
Net Assets Recognized on Balance Sheet |
-882.3 |
-716.9 |
-472.5 |
-549.8 |
-534.1 |
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
Depreciation |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Impairment loss |
3.7 |
13.5 |
0.0 |
123.5 |
92.4 |
|
L on adjust for chang of acc. assets |
24.9 |
0.0 |
- |
- |
- |
|
Settlement package |
79.8 |
0.0 |
- |
- |
- |
|
Lease acct. effect |
- |
- |
0.0 |
33.4 |
0.0 |
|
PPE Sold & Retired |
137.1 |
141.3 |
-66.6 |
132.4 |
64.4 |
|
Sec. Reval & Sold |
41.3 |
8.9 |
35.5 |
25.9 |
-6.1 |
|
Doubt Debt Allow |
1.8 |
6.5 |
1.6 |
0.2 |
2.3 |
|
Accrued Retirement |
52.7 |
9.5 |
46.5 |
16.2 |
44.8 |
|
Interest Expenses |
225.4 |
195.4 |
147.6 |
131.7 |
151.4 |
|
Interest & Dividend |
-30.3 |
-28.7 |
-28.5 |
-40.3 |
-45.8 |
|
Currency Gain/Loss |
4.2 |
0.5 |
6.7 |
7.1 |
-3.0 |
|
Gain-Transfer of Hotel Business Asset |
- |
- |
0.0 |
-1,163.5 |
0.0 |
|
Special Retirement |
2.2 |
48.1 |
6.6 |
10.6 |
5.1 |
|
Accounts Receivable |
12.7 |
-61.3 |
288.8 |
8.7 |
-90.8 |
|
Other Receivable |
34.3 |
66.9 |
69.9 |
-96.0 |
-10.0 |
|
Accounts Payable |
113.6 |
16.7 |
-341.8 |
-104.2 |
242.8 |
|
Other Operating CF |
212.3 |
83.4 |
-322.4 |
294.4 |
-1.1 |
|
Interest & Dividend |
26.1 |
30.1 |
28.7 |
42.0 |
46.1 |
|
Interest Paid |
-223.3 |
-194.6 |
-145.2 |
-135.1 |
-152.1 |
|
Income tax (paid) refund |
-39.6 |
402.3 |
-1,195.9 |
-51.1 |
-172.7 |
|
Special Retirem Paid |
-9.2 |
-41.3 |
-6.6 |
-10.6 |
-5.1 |
|
Settlement package paid |
-81.5 |
0.0 |
- |
- |
- |
|
Others Paid |
- |
- |
- |
- |
0.0 |
|
Consolid. Adjustment |
- |
- |
- |
0.0 |
0.2 |
|
Cash from Operating Activities |
2,379.3 |
892.9 |
-395.9 |
1,450.2 |
1,357.4 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-2,195.2 |
-2,003.1 |
-1,158.3 |
-2,950.2 |
-2,024.5 |
|
Fixed Asset Sold |
445.7 |
107.2 |
423.8 |
395.5 |
897.0 |
|
Intangibles Bought |
-275.2 |
-255.7 |
-291.8 |
-179.5 |
-129.8 |
|
Purchase of Mktbl. Secs. |
-1,242.4 |
-1,248.1 |
0.0 |
-113.9 |
-51.3 |
|
Sale of Mktbl. Secs. |
1,667.1 |
763.9 |
0.0 |
113.9 |
183.1 |
|
Acq. Inv. Sec. |
-0.2 |
-0.8 |
-5.0 |
-40.4 |
-50.4 |
|
Inv. Sec. Sold |
5.9 |
3.6 |
0.7 |
13.6 |
8.7 |
|
Purchase of subs.' securities |
0.0 |
-25.5 |
0.0 |
- |
- |
|
Sale Subsid. Stock |
- |
0.0 |
7.4 |
0.0 |
11.8 |
|
Purchae consolidated stock |
- |
- |
0.0 |
-0.3 |
0.0 |
|
Loans Made |
-36.5 |
-35.4 |
-16.7 |
-4.3 |
-20.7 |
|
Loans Returned |
8.9 |
23.7 |
14.4 |
18.6 |
47.9 |
|
Gain-Transfer of Hotel Business Asset |
- |
- |
0.0 |
2,151.4 |
0.0 |
|
Other Investment CF |
-7.4 |
-40.0 |
-80.6 |
-15.2 |
31.0 |
|
Cash from Investing Activities |
-1,629.3 |
-2,710.2 |
-1,106.0 |
-610.9 |
-1,097.1 |
|
|
|
|
|
|
|
|
Short Term Debt, net |
-337.6 |
-188.0 |
437.8 |
-8.0 |
-44.4 |
|
LT Debt Proceed |
1,884.7 |
2,090.8 |
2,047.3 |
909.8 |
830.8 |
|
LT Debt Repaid |
-1,280.6 |
-1,012.1 |
-749.6 |
-1,246.6 |
-973.2 |
|
Corp Debt Issued |
232.3 |
0.0 |
198.0 |
261.1 |
0.0 |
|
Corp Debt Repaid |
-466.8 |
-322.8 |
-497.6 |
-393.7 |
-641.3 |
|
Finance Lease Repaid |
-166.5 |
-132.2 |
-160.7 |
-200.1 |
0.0 |
|
Issuance of stock |
0.0 |
1,526.1 |
0.0 |
- |
0.0 |
|
Dividend Paid |
0.0 |
-20.8 |
-96.9 |
-51.1 |
-49.9 |
|
Treasury ,net |
11.8 |
-11.7 |
-54.7 |
-1.6 |
8.5 |
|
Other Financing CF |
-1.0 |
-59.5 |
16.0 |
-33.9 |
6.7 |
|
Cash from Financing Activities |
-123.7 |
1,869.9 |
1,139.5 |
-764.1 |
-862.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-3.0 |
-1.5 |
-1.1 |
-8.0 |
-0.5 |
|
Net Change in Cash |
623.4 |
51.1 |
-363.5 |
67.3 |
-602.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,729.3 |
1,543.3 |
1,791.0 |
1,507.2 |
2,076.1 |
|
Net Cash - Ending Balance |
2,352.7 |
1,594.4 |
1,427.4 |
1,574.5 |
1,473.1 |
|
Cash Interest Paid |
223.3 |
194.6 |
145.2 |
135.1 |
152.1 |
|
Cash Taxes Paid |
39.6 |
-402.3 |
1,195.9 |
51.1 |
172.7 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
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Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
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|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst & Young
LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
Revenue |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
Total Revenue |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
12,866.6 |
11,639.8 |
11,513.1 |
10,037.5 |
9,838.1 |
|
Cost of Revenue, Total |
12,866.6 |
11,639.8 |
11,513.1 |
10,037.5 |
9,838.1 |
|
Gross Profit |
2,976.9 |
1,576.7 |
2,345.6 |
2,979.1 |
2,900.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,850.6 |
1,872.0 |
1,992.7 |
1,919.8 |
1,817.9 |
|
Labor & Related Expense |
108.8 |
65.8 |
51.2 |
68.7 |
48.8 |
|
Advertising Expense |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Total Selling/General/Administrative Expenses |
2,022.8 |
2,012.4 |
2,143.8 |
2,120.4 |
2,005.9 |
|
Depreciation |
162.8 |
147.9 |
126.3 |
315.7 |
105.9 |
|
Depreciation/Amortization |
162.8 |
147.9 |
126.3 |
315.7 |
105.9 |
|
Restructuring Charge |
0.0 |
- |
- |
- |
- |
|
Litigation |
79.8 |
0.0 |
- |
- |
- |
|
Impairment-Assets Held for Use |
119.4 |
103.9 |
56.1 |
173.8 |
160.7 |
|
Impairment-Assets Held for Sale |
41.3 |
6.9 |
38.7 |
33.5 |
1.8 |
|
Other Unusual Expense (Income) |
-137.4 |
70.3 |
7.4 |
222.1 |
2.8 |
|
Unusual Expense (Income) |
103.1 |
181.2 |
102.3 |
429.4 |
165.3 |
|
Total Operating Expense |
15,155.3 |
13,981.3 |
13,885.5 |
12,903.1 |
12,115.2 |
|
|
|
|
|
|
|
|
Operating Income |
688.2 |
-764.9 |
-26.8 |
113.5 |
623.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-225.4 |
-195.4 |
-147.6 |
-131.7 |
-151.4 |
|
Interest Expense, Net Non-Operating |
-225.4 |
-195.4 |
-147.6 |
-131.7 |
-151.4 |
|
Interest Income -
Non-Operating |
11.6 |
12.2 |
15.5 |
27.8 |
31.8 |
|
Investment Income -
Non-Operating |
43.5 |
32.8 |
30.2 |
9.0 |
30.7 |
|
Interest/Investment Income - Non-Operating |
55.1 |
45.0 |
45.7 |
36.8 |
62.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
-170.3 |
-150.4 |
-101.9 |
-94.9 |
-88.9 |
|
Gain (Loss) on Sale of Assets |
-20.8 |
-49.1 |
123.9 |
1,082.7 |
5.6 |
|
Other Non-Operating Income (Expense) |
-88.0 |
-64.1 |
-39.4 |
-93.3 |
-103.0 |
|
Other, Net |
-88.0 |
-64.1 |
-39.4 |
-93.3 |
-103.0 |
|
Income Before Tax |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
140.4 |
-409.1 |
0.6 |
439.1 |
148.5 |
|
Income After Tax |
268.7 |
-619.4 |
-44.8 |
568.9 |
288.1 |
|
|
|
|
|
|
|
|
Minority Interest |
3.3 |
1.9 |
2.4 |
-7.8 |
-8.9 |
|
Net Income Before Extraord Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Basic EPS Excl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Basic/Primary EPS Incl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Diluted Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Diluted EPS Excl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Diluted EPS Incl Extraord Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Dividends per Share - Common Stock Primary Issue |
0.02 |
0.00 |
0.01 |
0.04 |
0.03 |
|
Gross Dividends - Common Stock |
58.6 |
0.0 |
19.2 |
85.2 |
50.0 |
|
Interest Expense, Supplemental |
225.4 |
195.4 |
147.6 |
131.7 |
151.4 |
|
Depreciation, Supplemental |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Total Special Items |
123.9 |
230.3 |
-21.6 |
-653.3 |
159.7 |
|
Normalized Income Before Tax |
533.0 |
-798.2 |
-65.8 |
354.7 |
596.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
42.5 |
80.6 |
-7.5 |
-284.6 |
54.3 |
|
Inc Tax Ex Impact of Sp Items |
183.0 |
-328.5 |
-7.0 |
154.5 |
202.9 |
|
Normalized Income After Tax |
350.1 |
-469.7 |
-58.8 |
200.2 |
393.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
353.3 |
-467.7 |
-56.4 |
192.4 |
384.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Diluted Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Advertising Expense, Supplemental |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Reported Operating Profit |
791.3 |
-583.7 |
75.5 |
738.3 |
788.3 |
|
Reported Ordinary Profit |
432.0 |
-928.6 |
0.9 |
494.5 |
535.1 |
|
Normalized EBIT |
791.3 |
-583.7 |
75.5 |
542.9 |
788.3 |
|
Normalized EBITDA |
2,173.5 |
640.8 |
1,198.9 |
1,760.0 |
1,546.0 |
|
Interest Cost - Domestic |
76.2 |
71.9 |
64.8 |
57.0 |
54.9 |
|
Service Cost - Domestic |
125.6 |
116.0 |
103.6 |
95.1 |
93.7 |
|
Prior Service Cost - Domestic |
-44.7 |
-43.0 |
-38.4 |
-33.6 |
-32.0 |
|
Expected Return on Assets - Domestic |
-40.4 |
-35.5 |
-40.0 |
-39.9 |
-37.4 |
|
Actuarial Gains and Losses - Domestic |
73.3 |
76.9 |
53.8 |
34.7 |
31.2 |
|
Transition Costs - Domestic |
75.0 |
69.1 |
65.0 |
58.0 |
57.4 |
|
Domestic Pension Plan Expense |
265.0 |
255.3 |
208.8 |
171.3 |
167.9 |
|
Defined Contribution Expense - Domestic |
11.4 |
9.9 |
7.9 |
5.8 |
5.2 |
|
Total Pension Expense |
276.4 |
265.2 |
216.7 |
177.1 |
173.1 |
|
Discount Rate - Domestic |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
Total Plan Interest Cost |
76.2 |
71.9 |
64.8 |
57.0 |
54.9 |
|
Total Plan Service Cost |
125.6 |
116.0 |
103.6 |
95.1 |
93.7 |
|
Total Plan Expected Return |
-40.4 |
-35.5 |
-40.0 |
-39.9 |
-37.4 |
|
|
|
|
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 |
3,738.5 |
3,872.9 |
4,299.5 |
4,395.4 |
3,332.5 |
|
Revenue |
3,738.5 |
3,872.9 |
4,299.5 |
4,395.4 |
3,332.5 |
|
Total Revenue |
3,738.5 |
3,872.9 |
4,299.5 |
4,395.4 |
3,332.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
3,238.6 |
3,337.5 |
3,361.2 |
3,077.1 |
2,767.9 |
|
Cost of Revenue, Total |
3,238.6 |
3,337.5 |
3,361.2 |
3,077.1 |
2,767.9 |
|
Gross Profit |
499.9 |
535.4 |
938.3 |
1,318.3 |
564.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
419.8 |
465.1 |
485.1 |
521.2 |
385.9 |
|
Labor & Related Expense |
124.4 |
130.1 |
138.3 |
110.0 |
101.2 |
|
Advertising Expense |
13.0 |
14.2 |
18.8 |
20.9 |
10.0 |
|
Total Selling/General/Administrative Expenses |
557.2 |
609.4 |
642.2 |
652.1 |
497.1 |
|
Depreciation |
41.9 |
46.4 |
43.0 |
39.0 |
35.1 |
|
Depreciation/Amortization |
41.9 |
46.4 |
43.0 |
39.0 |
35.1 |
|
Impairment-Assets Held for Use |
9.9 |
69.0 |
35.2 |
10.6 |
4.6 |
|
Impairment-Assets Held for Sale |
- |
0.0 |
0.1 |
41.1 |
- |
|
Other Unusual Expense (Income) |
0.1 |
26.0 |
-203.5 |
89.2 |
26.0 |
|
Unusual Expense (Income) |
10.0 |
95.0 |
-168.2 |
140.9 |
30.7 |
|
Total Operating Expense |
3,847.8 |
4,088.2 |
3,878.3 |
3,909.1 |
3,330.8 |
|
|
|
|
|
|
|
|
Operating Income |
-109.3 |
-215.3 |
421.2 |
486.3 |
1.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-59.0 |
-57.9 |
-61.2 |
-57.6 |
-49.5 |
|
Interest Expense, Net Non-Operating |
-59.0 |
-57.9 |
-61.2 |
-57.6 |
-49.5 |
|
Interest Income -
Non-Operating |
2.4 |
2.7 |
3.5 |
3.4 |
2.1 |
|
Investment Income -
Non-Operating |
11.9 |
3.4 |
23.2 |
11.0 |
-1.1 |
|
Interest/Investment Income - Non-Operating |
14.3 |
6.1 |
26.8 |
14.3 |
1.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-44.7 |
-51.8 |
-34.4 |
-43.3 |
-48.4 |
|
Gain (Loss) on Sale of Assets |
0.8 |
-24.3 |
-0.1 |
0.0 |
2.7 |
|
Other Non-Operating Income (Expense) |
-26.1 |
-23.2 |
-27.9 |
-15.7 |
-14.1 |
|
Other, Net |
-26.1 |
-23.2 |
-27.9 |
-15.7 |
-14.1 |
|
Income Before Tax |
-179.3 |
-314.7 |
358.7 |
427.3 |
-58.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
-75.3 |
-136.7 |
63.6 |
211.1 |
-1.0 |
|
Income After Tax |
-104.0 |
-178.0 |
295.1 |
216.1 |
-57.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
4.9 |
-1.3 |
-0.3 |
0.0 |
|
Net Income Before Extraord Items |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
Net Income |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
2,509.8 |
2,508.9 |
2,508.0 |
2,507.3 |
2,506.1 |
|
Basic EPS Excl Extraord Items |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
Basic/Primary EPS Incl Extraord Items |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
Diluted Weighted Average Shares |
2,509.8 |
2,508.9 |
2,508.0 |
2,507.3 |
2,506.1 |
|
Diluted EPS Excl Extraord Items |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
Diluted EPS Incl Extraord Items |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.02 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
61.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
59.0 |
57.9 |
61.2 |
57.6 |
49.5 |
|
Depreciation, Supplemental |
353.9 |
374.9 |
363.1 |
339.4 |
309.5 |
|
Total Special Items |
7.6 |
119.3 |
-168.0 |
140.9 |
26.5 |
|
Normalized Income Before Tax |
-171.7 |
-195.4 |
190.7 |
568.2 |
-31.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
3.2 |
41.8 |
-29.8 |
69.6 |
9.8 |
|
Inc Tax Ex Impact of Sp Items |
-72.1 |
-94.9 |
33.8 |
280.7 |
8.8 |
|
Normalized Income After Tax |
-99.6 |
-100.5 |
156.9 |
287.5 |
-40.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-99.4 |
-95.6 |
155.6 |
287.2 |
-40.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.04 |
-0.04 |
0.06 |
0.11 |
-0.02 |
|
Diluted Normalized EPS |
-0.04 |
-0.04 |
0.06 |
0.11 |
-0.02 |
|
Amort of Acquisition Costs, Supplemental |
-1.6 |
- |
- |
- |
-1.5 |
|
Advertising Expense, Supplemental |
13.0 |
14.2 |
18.8 |
20.9 |
10.0 |
|
Reported Operating Profit |
-99.3 |
-120.4 |
253.0 |
627.2 |
32.4 |
|
Reported Ordinary Profit |
-177.1 |
-259.1 |
155.3 |
564.7 |
-32.2 |
|
Normalized EBIT |
-99.3 |
-120.4 |
253.0 |
627.2 |
32.4 |
|
Normalized EBITDA |
252.9 |
254.5 |
616.1 |
966.6 |
340.4 |
|
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
445.9 |
141.8 |
604.1 |
516.5 |
1,464.8 |
|
Short Term Investments |
2,097.9 |
1,932.5 |
855.4 |
1,298.8 |
0.3 |
|
Cash and Short Term Investments |
2,543.8 |
2,074.3 |
1,459.5 |
1,815.3 |
1,465.1 |
|
Accounts Receivable -
Trade, Gross |
1,155.4 |
1,036.3 |
902.9 |
1,187.8 |
1,044.1 |
|
Provision for Doubtful
Accounts |
-15.0 |
-8.0 |
-4.8 |
-0.8 |
-4.6 |
|
Trade Accounts Receivable - Net |
1,140.4 |
1,028.3 |
898.1 |
1,186.9 |
1,039.6 |
|
Total Receivables, Net |
1,140.4 |
1,028.3 |
898.1 |
1,186.9 |
1,039.6 |
|
Inventories - Finished Goods |
65.7 |
59.3 |
60.0 |
- |
- |
|
Inventories - Other |
603.5 |
549.7 |
518.3 |
- |
- |
|
Total Inventory |
669.1 |
609.1 |
578.3 |
531.4 |
514.4 |
|
Deferred Income Tax - Current Asset |
466.0 |
264.5 |
742.1 |
340.7 |
79.7 |
|
Other Current Assets |
878.0 |
534.9 |
844.4 |
882.7 |
475.7 |
|
Other Current Assets, Total |
1,343.9 |
799.4 |
1,586.5 |
1,223.4 |
555.3 |
|
Total Current Assets |
5,697.2 |
4,511.1 |
4,522.4 |
4,757.1 |
3,574.4 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
14,348.5 |
12,332.6 |
10,937.2 |
11,041.8 |
8,213.5 |
|
Intangibles, Net |
897.7 |
755.3 |
637.2 |
473.1 |
364.4 |
|
LT Investment - Affiliate Companies |
241.9 |
131.0 |
- |
- |
- |
|
LT Investments - Other |
374.4 |
410.4 |
554.3 |
648.8 |
578.9 |
|
Long Term Investments |
616.3 |
541.4 |
554.3 |
648.8 |
578.9 |
|
Note Receivable - Long Term |
61.2 |
45.2 |
32.4 |
24.0 |
32.1 |
|
Deferred Charges |
6.2 |
8.7 |
1.9 |
1.4 |
4.3 |
|
Deferred Income Tax - Long Term Asset |
1,123.5 |
1,333.0 |
826.1 |
450.6 |
301.1 |
|
Other Long Term Assets |
512.1 |
368.8 |
318.6 |
520.5 |
499.7 |
|
Other Long Term Assets, Total |
1,641.9 |
1,710.5 |
1,146.6 |
972.4 |
805.1 |
|
Total Assets |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,939.6 |
1,616.2 |
1,507.7 |
1,841.5 |
1,685.3 |
|
Accrued Expenses |
334.0 |
121.8 |
124.7 |
252.2 |
129.8 |
|
Notes Payable/Short Term Debt |
2.0 |
311.4 |
471.5 |
25.9 |
29.6 |
|
Current Portion - Long Term Debt/Capital Leases |
1,764.3 |
1,623.3 |
1,244.2 |
1,344.4 |
1,314.6 |
|
Income Taxes Payable |
57.8 |
28.6 |
13.7 |
817.0 |
28.5 |
|
Other Current Liabilities |
1,302.7 |
1,356.7 |
1,732.0 |
1,213.9 |
818.3 |
|
Other Current liabilities, Total |
1,360.5 |
1,385.3 |
1,745.7 |
2,031.0 |
846.8 |
|
Total Current Liabilities |
5,400.5 |
5,057.9 |
5,093.9 |
5,495.1 |
4,006.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
9,171.8 |
7,744.1 |
6,904.7 |
5,772.6 |
5,002.9 |
|
Capital Lease Obligations |
389.3 |
399.3 |
463.7 |
571.6 |
0.0 |
|
Total Long Term Debt |
9,561.1 |
8,143.4 |
7,368.4 |
6,344.3 |
5,002.9 |
|
Total Debt |
11,327.4 |
10,078.0 |
9,084.1 |
7,714.6 |
6,347.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
23.5 |
4.3 |
0.7 |
0.8 |
12.6 |
|
Deferred Income Tax |
23.5 |
4.3 |
0.7 |
0.8 |
12.6 |
|
Minority Interest |
73.6 |
70.0 |
39.6 |
29.9 |
65.1 |
|
Reserves |
25.7 |
0.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
1,495.8 |
1,283.6 |
1,189.5 |
1,133.1 |
953.7 |
|
Other Long Term Liabilities |
405.4 |
268.8 |
879.0 |
363.3 |
155.2 |
|
Other Liabilities, Total |
1,926.9 |
1,552.5 |
2,068.5 |
1,496.4 |
1,108.9 |
|
Total Liabilities |
16,985.6 |
14,828.1 |
14,571.0 |
13,366.4 |
10,195.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,791.8 |
2,476.3 |
1,619.9 |
1,607.5 |
1,355.1 |
|
Common Stock |
2,791.8 |
2,476.3 |
1,619.9 |
1,607.5 |
1,355.1 |
|
Additional Paid-In Capital |
2,368.8 |
2,104.4 |
1,272.9 |
1,263.4 |
1,064.9 |
|
Retained Earnings (Accumulated Deficit) |
1,144.9 |
690.4 |
1,253.7 |
1,384.7 |
673.6 |
|
Treasury Stock - Common |
-70.0 |
-75.1 |
-64.7 |
-9.3 |
-6.1 |
|
Unrealized Gain (Loss) |
50.7 |
-125.2 |
-822.2 |
302.7 |
288.3 |
|
Translation Adjustment |
-9.0 |
-2.8 |
-0.7 |
1.9 |
-3.1 |
|
Other Equity, Total |
-9.0 |
-2.8 |
-0.7 |
1.9 |
-3.1 |
|
Total Equity |
6,277.2 |
5,068.0 |
3,258.9 |
4,550.9 |
3,372.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
Total Common Shares Outstanding |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
Treasury Shares - Common Stock Primary Issue |
15.9 |
18.5 |
16.8 |
2.3 |
1.9 |
|
Employees |
32,731 |
32,578 |
33,045 |
31,345 |
32,460 |
|
Number of Common Shareholders |
350,736 |
340,210 |
289,917 |
285,117 |
238,448 |
|
Total Long Term Debt, Supplemental |
10,813.2 |
9,240.5 |
8,029.6 |
6,958.4 |
6,317.6 |
|
Long Term Debt Maturing within 1 Year |
1,629.3 |
1,496.4 |
1,124.9 |
1,185.7 |
1,314.6 |
|
Long Term Debt Maturing in Year 2 |
1,193.1 |
1,289.4 |
1,234.8 |
969.3 |
987.4 |
|
Long Term Debt Maturing in Year 3 |
981.8 |
509.4 |
336.5 |
419.9 |
301.5 |
|
Long Term Debt Maturing in Year 4 |
981.8 |
509.4 |
336.5 |
419.9 |
301.5 |
|
Long Term Debt Maturing in Year 5 |
1,677.2 |
1,596.8 |
783.1 |
476.5 |
672.5 |
|
Long Term Debt Maturing in Year 6 |
441.4 |
300.8 |
346.3 |
351.9 |
263.7 |
|
Long Term Debt Maturing in Year 7 |
441.4 |
300.8 |
346.3 |
351.9 |
263.7 |
|
Long Term Debt Maturing in Year 8 |
441.4 |
300.8 |
346.3 |
351.9 |
263.7 |
|
Long Term Debt Maturing in 2-3 Years |
2,174.9 |
1,798.8 |
1,571.3 |
1,389.1 |
1,288.9 |
|
Long Term Debt Maturing in 4-5 Years |
2,659.0 |
2,106.2 |
1,119.6 |
896.4 |
974.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
4,350.0 |
3,839.1 |
4,213.8 |
3,487.1 |
2,740.0 |
|
Total Capital Leases, Supplemental |
524.3 |
526.2 |
583.0 |
730.4 |
- |
|
Capital Lease Payments Due in Year 1 |
135.1 |
126.9 |
119.3 |
158.7 |
- |
|
Capital Lease Payments Due in Year 2 |
132.9 |
108.9 |
115.0 |
116.5 |
- |
|
Capital Lease Payments Due in Year 3 |
118.6 |
101.8 |
97.5 |
112.1 |
- |
|
Capital Lease Payments Due in Year 4 |
85.7 |
89.1 |
91.5 |
95.0 |
- |
|
Capital Lease Payments Due in Year 5 |
33.5 |
61.0 |
80.3 |
89.7 |
- |
|
Capital Lease Payments Due in 2-3 Years |
251.5 |
210.7 |
212.4 |
228.6 |
- |
|
Capital Lease Payments Due in 4-5 Years |
119.2 |
150.2 |
171.8 |
184.7 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
18.6 |
38.3 |
79.5 |
158.3 |
- |
|
Pension Obligation - Domestic |
3,252.6 |
2,869.6 |
2,730.8 |
2,671.5 |
2,356.8 |
|
Plan Assets - Domestic |
1,157.4 |
1,034.9 |
839.9 |
979.9 |
1,001.0 |
|
Funded Status - Domestic |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Total Funded Status |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Discount Rate - Domestic |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
Prepaid Benefits - Domestic |
0.1 |
2.3 |
2.1 |
7.1 |
8.7 |
|
Accrued Liabilities - Domestic |
-1,488.9 |
-1,278.1 |
-1,183.7 |
-1,127.8 |
-953.7 |
|
Other Assets, Net - Domestic |
606.5 |
558.9 |
709.2 |
570.9 |
410.8 |
|
Net Assets Recognized on Balance Sheet |
-882.3 |
-716.9 |
-472.5 |
-549.8 |
-534.1 |
|
Total Plan Obligations |
3,252.6 |
2,869.6 |
2,730.8 |
2,671.5 |
2,356.8 |
|
Total Plan Assets |
1,157.4 |
1,034.9 |
839.9 |
979.9 |
1,001.0 |
|
|
|
|
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 |
373.7 |
445.9 |
903.5 |
689.9 |
669.6 |
|
Short Term Investments |
4,178.9 |
2,097.9 |
2,986.2 |
3,275.7 |
2,451.6 |
|
Cash and Short Term Investments |
4,552.5 |
2,543.8 |
3,889.7 |
3,965.6 |
3,121.3 |
|
Accounts Receivable -
Trade, Gross |
1,388.9 |
1,155.4 |
1,410.0 |
1,290.9 |
1,206.3 |
|
Provision for Doubtful
Accounts |
-16.3 |
-15.0 |
-9.6 |
-9.0 |
-8.6 |
|
Trade Accounts Receivable - Net |
1,372.7 |
1,140.4 |
1,400.4 |
1,281.9 |
1,197.7 |
|
Total Receivables, Net |
1,372.7 |
1,140.4 |
1,400.4 |
1,281.9 |
1,197.7 |
|
Inventories - Finished Goods |
63.5 |
65.7 |
77.6 |
70.9 |
61.1 |
|
Inventories - Other |
603.1 |
603.5 |
639.9 |
644.5 |
605.1 |
|
Total Inventory |
666.6 |
669.1 |
717.5 |
715.3 |
666.2 |
|
Deferred Income Tax - Current Asset |
543.8 |
466.0 |
327.8 |
362.5 |
370.3 |
|
Other Current Assets |
834.6 |
878.0 |
621.9 |
538.4 |
514.1 |
|
Other Current Assets, Total |
1,378.4 |
1,343.9 |
949.7 |
900.9 |
884.4 |
|
Total Current Assets |
7,970.2 |
5,697.2 |
6,957.3 |
6,863.8 |
5,869.5 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
14,541.5 |
14,348.5 |
14,612.5 |
14,087.8 |
13,160.9 |
|
Intangibles, Net |
903.4 |
897.7 |
862.5 |
832.7 |
784.0 |
|
LT Investments - Other |
618.6 |
616.3 |
650.0 |
629.0 |
637.1 |
|
Long Term Investments |
618.6 |
616.3 |
650.0 |
629.0 |
637.1 |
|
Note Receivable - Long Term |
- |
61.2 |
- |
- |
- |
|
Deferred Charges |
5.3 |
6.2 |
7.5 |
8.5 |
9.1 |
|
Deferred Income Tax - Long Term Asset |
1,244.3 |
1,123.5 |
1,377.6 |
1,400.0 |
1,481.9 |
|
Other Long Term Assets |
518.0 |
512.1 |
503.9 |
467.5 |
390.7 |
|
Other Long Term Assets, Total |
1,767.6 |
1,641.9 |
1,889.1 |
1,875.9 |
1,881.7 |
|
Total Assets |
25,801.3 |
23,262.8 |
24,971.4 |
24,289.2 |
22,333.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,646.2 |
1,939.6 |
2,188.2 |
1,877.0 |
1,593.3 |
|
Accrued Expenses |
411.8 |
334.0 |
203.5 |
142.0 |
189.7 |
|
Notes Payable/Short Term Debt |
619.1 |
2.0 |
360.0 |
348.6 |
328.4 |
|
Current Portion - Long Term Debt/Capital Leases |
1,917.5 |
1,764.3 |
2,292.1 |
1,988.6 |
1,827.9 |
|
Income Taxes Payable |
24.2 |
57.8 |
66.3 |
47.2 |
18.5 |
|
Other Current Liabilities |
1,806.8 |
1,302.7 |
1,582.2 |
1,949.3 |
1,825.9 |
|
Other Current liabilities, Total |
1,831.0 |
1,360.5 |
1,648.5 |
1,996.5 |
1,844.4 |
|
Total Current Liabilities |
6,425.6 |
5,400.5 |
6,692.4 |
6,352.8 |
5,783.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
10,770.6 |
9,171.8 |
9,443.1 |
9,786.5 |
9,087.5 |
|
Capital Lease Obligations |
370.8 |
389.3 |
420.2 |
432.0 |
437.0 |
|
Total Long Term Debt |
11,141.4 |
9,561.1 |
9,863.3 |
10,218.5 |
9,524.5 |
|
Total Debt |
13,678.0 |
11,327.4 |
12,515.5 |
12,555.7 |
11,680.8 |
|
|
|
|
|
|
|
|
Minority Interest |
72.8 |
73.6 |
80.4 |
77.0 |
72.5 |
|
Pension Benefits - Underfunded |
1,545.9 |
1,495.8 |
1,516.8 |
1,452.6 |
1,368.7 |
|
Other Long Term Liabilities |
432.1 |
454.7 |
576.8 |
527.4 |
439.4 |
|
Other Liabilities, Total |
1,977.9 |
1,950.4 |
2,093.6 |
1,980.0 |
1,808.0 |
|
Total Liabilities |
19,617.7 |
16,985.6 |
18,729.6 |
18,628.3 |
17,188.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,865.0 |
2,791.8 |
2,852.9 |
2,769.7 |
2,614.8 |
|
Common Stock |
2,865.0 |
2,791.8 |
2,852.9 |
2,769.7 |
2,614.8 |
|
Additional Paid-In Capital |
2,429.6 |
2,368.8 |
2,421.3 |
2,351.8 |
2,221.4 |
|
Retained Earnings (Accumulated Deficit) |
1,007.3 |
1,144.9 |
1,345.5 |
1,015.8 |
749.6 |
|
Treasury Stock - Common |
-67.6 |
-70.0 |
-74.0 |
-76.7 |
-77.3 |
|
Unrealized Gain (Loss) |
-40.1 |
50.7 |
-294.0 |
-391.5 |
-358.8 |
|
Translation Adjustment |
-10.6 |
-9.0 |
-10.0 |
-8.1 |
-5.2 |
|
Other Equity, Total |
-10.6 |
-9.0 |
-10.0 |
-8.1 |
-5.2 |
|
Total Equity |
6,183.6 |
6,277.2 |
6,241.7 |
5,661.0 |
5,144.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
25,801.3 |
23,262.8 |
24,971.4 |
24,289.2 |
22,333.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
2,510.0 |
2,509.1 |
2,508.5 |
2,507.5 |
2,506.3 |
|
Total Common Shares Outstanding |
2,510.0 |
2,509.1 |
2,508.5 |
2,507.5 |
2,506.3 |
|
Treasury Shares - Common Stock Primary Issue |
15.0 |
15.9 |
16.4 |
17.5 |
18.6 |
|
Employees |
- |
32,731 |
33,183 |
33,229 |
33,293 |
|
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
Depreciation |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Depreciation/Depletion |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Unusual Items |
286.7 |
163.7 |
-31.1 |
-848.3 |
150.8 |
|
Other Non-Cash Items |
256.0 |
231.2 |
180.5 |
125.4 |
155.2 |
|
Non-Cash Items |
542.7 |
394.8 |
149.4 |
-722.9 |
306.0 |
|
Accounts Receivable |
47.0 |
5.5 |
358.7 |
-87.3 |
-100.8 |
|
Accounts Payable |
113.6 |
16.7 |
-341.8 |
-104.2 |
242.8 |
|
Other Operating Cash Flow |
-115.3 |
279.9 |
-1,641.4 |
139.5 |
-284.9 |
|
Changes in Working Capital |
45.4 |
302.1 |
-1,624.4 |
-52.0 |
-142.9 |
|
Cash from Operating Activities |
2,379.3 |
892.9 |
-395.9 |
1,450.2 |
1,357.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2,195.2 |
-2,003.1 |
-1,158.3 |
-2,950.2 |
-2,024.5 |
|
Purchase/Acquisition of Intangibles |
-275.2 |
-255.7 |
-291.8 |
-179.5 |
-129.8 |
|
Capital Expenditures |
-2,470.5 |
-2,258.8 |
-1,450.1 |
-3,129.7 |
-2,154.2 |
|
Acquisition of Business |
- |
- |
0.0 |
-0.3 |
0.0 |
|
Sale of Business |
- |
- |
0.0 |
2,151.4 |
0.0 |
|
Sale of Fixed Assets |
445.7 |
107.2 |
423.8 |
395.5 |
897.0 |
|
Sale/Maturity of Investment |
1,673.0 |
767.6 |
8.1 |
127.5 |
203.5 |
|
Purchase of Investments |
-1,242.6 |
-1,274.5 |
-5.0 |
-154.3 |
-101.6 |
|
Other Investing Cash Flow |
-34.9 |
-51.7 |
-82.9 |
-1.0 |
58.3 |
|
Other Investing Cash Flow Items, Total |
841.1 |
-451.4 |
344.0 |
2,518.8 |
1,057.2 |
|
Cash from Investing Activities |
-1,629.3 |
-2,710.2 |
-1,106.0 |
-610.9 |
-1,097.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.0 |
-59.5 |
16.0 |
-33.9 |
6.7 |
|
Financing Cash Flow Items |
-1.0 |
-59.5 |
16.0 |
-33.9 |
6.7 |
|
Cash Dividends Paid - Common |
0.0 |
-20.8 |
-96.9 |
-51.1 |
-49.9 |
|
Total Cash Dividends Paid |
0.0 |
-20.8 |
-96.9 |
-51.1 |
-49.9 |
|
Sale/Issuance of
Common |
0.0 |
1,526.1 |
0.0 |
- |
0.0 |
|
Common Stock, Net |
11.8 |
1,514.5 |
-54.7 |
-1.6 |
8.5 |
|
Issuance (Retirement) of Stock, Net |
11.8 |
1,514.5 |
-54.7 |
-1.6 |
8.5 |
|
Short Term Debt, Net |
-337.6 |
-188.0 |
437.8 |
-8.0 |
-44.4 |
|
Long Term Debt Issued |
2,117.0 |
2,090.8 |
2,245.3 |
1,170.9 |
830.8 |
|
Long Term Debt
Reduction |
-1,913.9 |
-1,467.0 |
-1,407.9 |
-1,840.3 |
-1,614.5 |
|
Long Term Debt, Net |
203.1 |
623.7 |
837.4 |
-669.4 |
-783.7 |
|
Issuance (Retirement) of Debt, Net |
-134.5 |
435.7 |
1,275.2 |
-677.4 |
-828.1 |
|
Cash from Financing Activities |
-123.7 |
1,869.9 |
1,139.5 |
-764.1 |
-862.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-3.0 |
-1.5 |
-1.1 |
-8.0 |
-0.5 |
|
Net Change in Cash |
623.4 |
51.1 |
-363.5 |
67.3 |
-602.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,729.3 |
1,543.3 |
1,791.0 |
1,507.2 |
2,076.1 |
|
Net Cash - Ending Balance |
2,352.7 |
1,594.4 |
1,427.4 |
1,574.5 |
1,473.1 |
|
Cash Interest Paid |
223.3 |
194.6 |
145.2 |
135.1 |
152.1 |
|
Cash Taxes Paid |
39.6 |
-402.3 |
1,195.9 |
51.1 |
172.7 |
|
|
|
|
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 |
409.1 |
702.0 |
352.1 |
-58.1 |
-1,028.5 |
|
Depreciation |
1,382.2 |
1,009.2 |
647.8 |
309.5 |
1,224.5 |
|
Depreciation/Depletion |
1,382.2 |
1,009.2 |
647.8 |
309.5 |
1,224.5 |
|
Unusual Items |
286.7 |
111.7 |
76.1 |
25.2 |
163.7 |
|
Other Non-Cash Items |
256.0 |
182.3 |
112.5 |
58.3 |
231.2 |
|
Non-Cash Items |
542.7 |
294.0 |
188.6 |
83.5 |
394.8 |
|
Accounts Receivable |
47.0 |
-201.8 |
-123.8 |
-104.2 |
5.5 |
|
Accounts Payable |
113.6 |
304.7 |
65.1 |
-30.5 |
16.7 |
|
Other Operating Cash Flow |
-115.3 |
-6.1 |
233.9 |
228.6 |
279.9 |
|
Changes in Working Capital |
45.4 |
96.8 |
175.2 |
93.8 |
302.1 |
|
Cash from Operating Activities |
2,379.3 |
2,102.0 |
1,363.7 |
428.7 |
892.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2,195.2 |
-1,394.0 |
-879.4 |
-432.9 |
-2,003.1 |
|
Purchase/Acquisition of Intangibles |
-275.2 |
-195.7 |
-126.4 |
-89.7 |
-255.7 |
|
Capital Expenditures |
-2,470.5 |
-1,589.7 |
-1,005.8 |
-522.6 |
-2,258.8 |
|
Sale of Fixed Assets |
445.7 |
133.5 |
38.9 |
35.1 |
107.2 |
|
Sale/Maturity of Investment |
1,673.0 |
1,170.7 |
511.4 |
494.0 |
767.6 |
|
Investment, Net |
- |
-576.2 |
-562.1 |
-543.4 |
- |
|
Purchase of Investments |
-1,242.6 |
-1,127.3 |
-979.5 |
-434.4 |
-1,274.5 |
|
Other Investing Cash Flow |
-34.9 |
-12.3 |
-8.4 |
2.3 |
-51.7 |
|
Other Investing Cash Flow Items, Total |
841.1 |
-411.5 |
-999.7 |
-446.4 |
-451.4 |
|
Cash from Investing Activities |
-1,629.3 |
-2,001.2 |
-2,005.5 |
-969.0 |
-2,710.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.0 |
-1.0 |
-1.0 |
-0.9 |
-59.5 |
|
Financing Cash Flow Items |
-1.0 |
-1.0 |
-1.0 |
-0.9 |
-59.5 |
|
Cash Dividends Paid - Common |
0.0 |
0.0 |
0.0 |
0.0 |
-20.8 |
|
Total Cash Dividends Paid |
0.0 |
0.0 |
0.0 |
0.0 |
-20.8 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
- |
1,526.1 |
|
Common Stock, Net |
11.8 |
9.9 |
6.1 |
2.3 |
1,514.5 |
|
Issuance (Retirement) of Stock, Net |
11.8 |
9.9 |
6.1 |
2.3 |
1,514.5 |
|
Short Term Debt, Net |
-337.6 |
1.2 |
0.3 |
-0.4 |
-188.0 |
|
Long Term Debt Issued |
2,117.0 |
1,848.9 |
1,804.2 |
1,302.2 |
2,090.8 |
|
Long Term Debt
Reduction |
-1,913.9 |
-1,093.0 |
-655.6 |
-356.1 |
-1,467.0 |
|
Long Term Debt, Net |
203.1 |
755.9 |
1,148.6 |
946.2 |
623.7 |
|
Issuance (Retirement) of Debt, Net |
-134.5 |
757.1 |
1,148.9 |
945.8 |
435.7 |
|
Cash from Financing Activities |
-123.7 |
766.1 |
1,154.0 |
947.1 |
1,869.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-3.0 |
-3.5 |
-2.6 |
-1.3 |
-1.5 |
|
Net Change in Cash |
623.4 |
863.5 |
509.6 |
405.5 |
51.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,729.3 |
1,707.0 |
1,665.8 |
1,609.3 |
1,543.3 |
|
Net Cash - Ending Balance |
2,352.7 |
2,570.5 |
2,175.4 |
2,014.9 |
1,594.4 |
|
Cash Interest Paid |
223.3 |
164.7 |
104.9 |
48.9 |
194.6 |
|
Cash Taxes Paid |
39.6 |
18.5 |
13.7 |
40.4 |
-402.3 |
|
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Revenues |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
Total Revenue |
15,843.5 |
13,216.5 |
13,858.7 |
13,016.6 |
12,738.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
12,498.4 |
11,290.7 |
11,193.8 |
9,747.5 |
9,532.2 |
|
Selling Commission |
763.4 |
776.4 |
883.1 |
819.1 |
762.8 |
|
Advertising Expenses |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Salary Expenses |
368.2 |
349.1 |
319.3 |
290.0 |
305.9 |
|
Doubt Debt Allow |
1.2 |
1.5 |
2.9 |
1.6 |
0.0 |
|
Bonus Allowance |
67.3 |
25.6 |
25.0 |
48.3 |
29.7 |
|
Accrued Retirement |
41.5 |
40.2 |
26.1 |
20.5 |
19.1 |
|
Depreciation |
162.8 |
147.9 |
126.3 |
120.3 |
105.9 |
|
Other Selling & Gen. |
1,086.0 |
1,094.2 |
1,106.7 |
1,099.1 |
1,055.1 |
|
SP Aid income |
0.0 |
-0.7 |
-1.1 |
-1.2 |
-1.8 |
|
SP G Settlement Prior Yr. Contract Sales |
- |
- |
- |
0.0 |
-14.1 |
|
SP Facilities Related Compensation |
- |
- |
- |
- |
-4.2 |
|
SP G on rev. of res. for antitrust law |
-195.2 |
0.0 |
- |
- |
- |
|
SP Gain-pension plan return |
-0.4 |
-18.5 |
0.0 |
- |
- |
|
SP Insurance benefits |
-0.9 |
-2.9 |
-6.7 |
0.0 |
- |
|
SP G on insurance adjustment |
- |
0.0 |
-28.6 |
0.0 |
- |
|
SP Other Special Gains |
-0.4 |
-2.1 |
-1.3 |
-26.5 |
-1.8 |
|
SP Fix Asset Retired |
35.6 |
9.4 |
2.2 |
2.8 |
11.1 |
|
SP Impairment loss |
3.7 |
13.5 |
0.0 |
123.5 |
92.4 |
|
SP Special Retirement |
2.2 |
48.1 |
6.6 |
10.6 |
5.1 |
|
SP Settlement package |
79.8 |
0.0 |
- |
- |
- |
|
SP Reval.-Inv. Security |
41.3 |
6.9 |
38.7 |
33.5 |
1.8 |
|
SP L on adjut for change of acc. assets |
24.9 |
0.0 |
- |
- |
- |
|
SP Affiliate Restructur |
0.0 |
- |
- |
- |
- |
|
SP L on Replacement of Generating Parts |
- |
- |
- |
0.0 |
9.7 |
|
SP Nonrecurring depreciation |
- |
- |
0.0 |
195.4 |
0.0 |
|
SP Lease acct. effect |
- |
- |
0.0 |
33.4 |
0.0 |
|
SP Antitrust laws related Provision |
0.0 |
7.0 |
0.0 |
141.7 |
0.0 |
|
SP Antitrust laws proceeding related |
8.1 |
9.2 |
20.9 |
0.0 |
- |
|
SP Other Special Losses |
24.5 |
30.3 |
17.6 |
64.1 |
9.8 |
|
NOP Fixed Asset Retired |
80.2 |
81.0 |
53.9 |
47.5 |
57.2 |
|
Total Operating Expense |
15,155.3 |
13,981.3 |
13,885.5 |
12,903.1 |
12,115.2 |
|
|
|
|
|
|
|
|
NOP Interest Income |
11.6 |
12.2 |
15.5 |
27.8 |
31.8 |
|
NOP Dividend Income |
18.7 |
16.6 |
13.1 |
12.5 |
13.9 |
|
NOP Currency Gains |
16.8 |
18.2 |
11.2 |
0.0 |
6.4 |
|
NOP Gain-Assets Sold |
4.8 |
11.7 |
149.5 |
21.2 |
5.2 |
|
NOP Equity in Affiliate |
8.0 |
0.0 |
2.7 |
3.4 |
2.4 |
|
NOP Other Income |
46.3 |
62.5 |
61.7 |
45.3 |
37.8 |
|
NOP Interest Expenses |
-225.4 |
-195.4 |
-147.6 |
-131.7 |
-151.4 |
|
NOP Currency Losses |
- |
- |
0.0 |
-14.5 |
- |
|
NOP Loss-Asset Sold |
-25.6 |
-60.9 |
-25.6 |
-21.7 |
-1.3 |
|
NOP Accrued Retirement |
-75.0 |
-69.1 |
-65.0 |
-58.0 |
-57.4 |
|
NOP Equity Loss in Affil |
0.0 |
-2.2 |
0.0 |
- |
0.0 |
|
NOP Lease Equip. Recall Expense |
-33.2 |
-20.4 |
-3.0 |
-35.7 |
-55.9 |
|
NOP Other Expenses |
-26.0 |
-37.1 |
-33.0 |
-44.8 |
-27.6 |
|
SP Gain-Fix Asset Sold |
- |
- |
0.0 |
24.1 |
4.0 |
|
SP Gain-Inv. Sec. Sold |
0.0 |
0.2 |
3.2 |
7.7 |
10.6 |
|
SP Gain-Transfer of Hotel Business Asset |
- |
- |
0.0 |
1,163.5 |
0.0 |
|
SP Loss-Fix Asset Sold |
- |
- |
0.0 |
-6.4 |
-2.2 |
|
SP Loss-Inv. Sec. Sold |
- |
- |
0.0 |
-0.1 |
-2.7 |
|
SP L on dispo. of retire. materials |
- |
- |
0.0 |
-98.0 |
0.0 |
|
Net Income Before Taxes |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
140.4 |
-409.1 |
0.6 |
439.1 |
148.5 |
|
Net Income After Taxes |
268.7 |
-619.4 |
-44.8 |
568.9 |
288.1 |
|
|
|
|
|
|
|
|
Minority Interest |
3.3 |
1.9 |
2.4 |
-7.8 |
-8.9 |
|
Net Income Before Extra. Items |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Basic EPS Including ExtraOrdinary Item |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
272.0 |
-617.5 |
-42.4 |
561.2 |
279.3 |
|
Diluted Weighted Average Shares |
2,507.6 |
2,326.5 |
1,945.1 |
1,947.7 |
1,947.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
Diluted EPS Including ExtraOrd Items |
0.11 |
-0.27 |
-0.02 |
0.29 |
0.14 |
|
DPS-Common Stock |
0.02 |
0.00 |
0.01 |
0.04 |
0.03 |
|
Gross Dividends - Common Stock |
58.6 |
0.0 |
19.2 |
85.2 |
50.0 |
|
Normalized Income Before Taxes |
533.0 |
-798.2 |
-65.8 |
354.7 |
596.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
183.0 |
-328.5 |
-7.0 |
154.5 |
202.9 |
|
Normalized Income After Taxes |
350.1 |
-469.7 |
-58.8 |
200.2 |
393.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
353.3 |
-467.7 |
-56.4 |
192.4 |
384.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Diluted Normalized EPS |
0.14 |
-0.20 |
-0.03 |
0.10 |
0.20 |
|
Advertising Expense |
63.4 |
74.7 |
99.9 |
131.9 |
139.2 |
|
Interest Expense |
225.4 |
195.4 |
147.6 |
131.7 |
151.4 |
|
Depreciation |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Reported Operating Profit |
791.3 |
-583.7 |
75.5 |
738.3 |
788.3 |
|
Reported Ordinary Profit |
432.0 |
-928.6 |
0.9 |
494.5 |
535.1 |
|
Service Cost |
125.6 |
116.0 |
103.6 |
95.1 |
93.7 |
|
Interest Cost |
76.2 |
71.9 |
64.8 |
57.0 |
54.9 |
|
Expected Return on Plan Assets |
-40.4 |
-35.5 |
-40.0 |
-39.9 |
-37.4 |
|
Pension Exp. due to Acct. Changes |
75.0 |
69.1 |
65.0 |
58.0 |
57.4 |
|
Actuarial Gains and Losses |
73.3 |
76.9 |
53.8 |
34.7 |
31.2 |
|
Prior Service Cost |
-44.7 |
-43.0 |
-38.4 |
-33.6 |
-32.0 |
|
Domestic Pension Plan Expense |
265.0 |
255.3 |
208.8 |
171.3 |
167.9 |
|
Defined Contribution Expense |
11.4 |
9.9 |
7.9 |
5.8 |
5.2 |
|
Total Pension Expense |
276.4 |
265.2 |
216.7 |
177.1 |
173.1 |
|
Discount Rate |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
|
|
|
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 |
|
|
|
|
|
|
|
|
Operating revenue |
3,738.5 |
3,872.9 |
4,299.5 |
4,395.4 |
3,332.5 |
|
Total Revenue |
3,738.5 |
3,872.9 |
4,299.5 |
4,395.4 |
3,332.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
3,238.6 |
3,337.5 |
3,361.2 |
3,077.1 |
2,767.9 |
|
Selling Commission |
163.9 |
196.5 |
203.0 |
209.0 |
158.1 |
|
Advertising Expenses |
13.0 |
14.2 |
18.8 |
20.9 |
10.0 |
|
Salary&Bonus |
87.0 |
116.7 |
89.6 |
86.7 |
77.2 |
|
Doubt Debt Allow. |
0.8 |
0.4 |
0.5 |
0.0 |
0.3 |
|
Bonus Allowance |
27.1 |
3.4 |
37.3 |
12.7 |
14.3 |
|
Accrued Retirement |
10.3 |
9.9 |
11.5 |
10.6 |
9.6 |
|
Depreciation |
41.9 |
46.4 |
43.0 |
39.0 |
35.1 |
|
Other Selling & Gen. |
255.0 |
268.2 |
281.6 |
312.2 |
227.5 |
|
SP G on return of pension plan |
-0.5 |
-0.5 |
0.0 |
- |
0.0 |
|
SP Insurance benefits |
- |
- |
- |
-0.3 |
- |
|
SP Subsidy income |
- |
0.0 |
0.0 |
- |
- |
|
SP G on rev. of res. for antitrust law |
- |
- |
-204.5 |
- |
- |
|
SP Other Special Gains |
- |
-85.6 |
-0.9 |
0.0 |
0.0 |
|
SP Fix Asset Retired |
- |
29.6 |
- |
7.2 |
- |
|
SP Special Retirement |
0.2 |
2.2 |
- |
- |
0.1 |
|
SP Reval.-Inv. Security |
- |
0.0 |
0.1 |
41.1 |
- |
|
SP Antitrust laws related expense |
0.0 |
0.7 |
1.4 |
3.1 |
2.8 |
|
SP Reserve for Antitrust laws related |
- |
- |
- |
81.4 |
- |
|
SP Office relocation expenses |
- |
- |
- |
0.0 |
- |
|
SP L on Adj. for changes of Acct. Assets |
0.0 |
0.0 |
- |
- |
23.1 |
|
SP Other Special Losses |
0.4 |
109.2 |
0.5 |
5.0 |
0.0 |
|
NOP Fixed Asset Retired |
9.9 |
39.4 |
35.2 |
3.5 |
4.6 |
|
Total Operating Expense |
3,847.8 |
4,088.2 |
3,878.3 |
3,909.1 |
3,330.8 |
|
|
|
|
|
|
|
|
NOP Interest Income |
2.4 |
2.7 |
3.5 |
3.4 |
2.1 |
|
NOP Dividend Income |
6.0 |
0.5 |
7.0 |
6.8 |
4.3 |
|
NOP Currency Gains |
6.9 |
1.2 |
13.6 |
2.5 |
0.0 |
|
NOP Equity Gain |
1.0 |
1.7 |
2.6 |
1.7 |
2.1 |
|
NOP Gain-Asset Sold |
1.0 |
1.6 |
0.2 |
0.1 |
2.8 |
|
NOP Income tax refunds |
- |
- |
- |
0.9 |
- |
|
NOP Other Income |
11.7 |
28.9 |
9.5 |
8.0 |
8.6 |
|
NOP Interest Expenses |
-59.0 |
-57.9 |
-61.2 |
-57.6 |
-49.5 |
|
NOP Currency Losses |
0.0 |
- |
- |
- |
-7.5 |
|
NOP Equity Loss |
- |
0.0 |
- |
- |
0.0 |
|
NOP Loss-Fix Asset Sold |
-0.2 |
-25.9 |
-0.3 |
-0.1 |
-0.3 |
|
NOP Pension Exp. due to Acct. Changes |
-19.6 |
-19.6 |
-19.4 |
-18.8 |
-17.4 |
|
NOP Other Expenses |
-18.1 |
-32.5 |
-18.0 |
-5.8 |
-5.3 |
|
SP Gain-Transfer of Hotel Business Asset |
0.0 |
- |
- |
- |
0.1 |
|
SP Gain-Membership Sold |
0.0 |
- |
- |
- |
0.0 |
|
SP Loss-Inv. Sec. Sold |
-2.0 |
- |
0.0 |
- |
0.0 |
|
Net Income Before Taxes |
-179.3 |
-314.7 |
358.7 |
427.3 |
-58.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-75.3 |
-136.7 |
63.6 |
211.1 |
-1.0 |
|
Net Income After Taxes |
-104.0 |
-178.0 |
295.1 |
216.1 |
-57.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
4.9 |
-1.3 |
-0.3 |
0.0 |
|
Net Income Before Extra. Items |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
Net Income |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
2,509.8 |
2,508.9 |
2,508.0 |
2,507.3 |
2,506.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
Basic EPS Including ExtraOrdinary Item |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-103.8 |
-173.1 |
293.9 |
215.9 |
-57.1 |
|
Diluted Weighted Average Shares |
2,509.8 |
2,508.9 |
2,508.0 |
2,507.3 |
2,506.1 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
Diluted EPS Including ExtraOrd Items |
-0.04 |
-0.07 |
0.12 |
0.09 |
-0.02 |
|
DPS-Common Stock |
0.00 |
0.02 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
61.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
-171.7 |
-195.4 |
190.7 |
568.2 |
-31.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-72.1 |
-94.9 |
33.8 |
280.7 |
8.8 |
|
Normalized Income After Taxes |
-99.6 |
-100.5 |
156.9 |
287.5 |
-40.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-99.4 |
-95.6 |
155.6 |
287.2 |
-40.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.04 |
-0.04 |
0.06 |
0.11 |
-0.02 |
|
Diluted Normalized EPS |
-0.04 |
-0.04 |
0.06 |
0.11 |
-0.02 |
|
Advertising Expense |
13.0 |
14.2 |
18.8 |
20.9 |
10.0 |
|
Interest Expense |
59.0 |
57.9 |
61.2 |
57.6 |
49.5 |
|
Depreciation |
353.9 |
374.9 |
363.1 |
339.4 |
309.5 |
|
Amortization of Negative goodwill |
-1.6 |
- |
- |
- |
-1.5 |
|
Reported Operating Profit |
-99.3 |
-120.4 |
253.0 |
627.2 |
32.4 |
|
Reported Ordinary Profit |
-177.1 |
-259.1 |
155.3 |
564.7 |
-32.2 |
|
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
445.9 |
141.8 |
604.1 |
516.5 |
1,464.8 |
|
Accounts Rcvbl. |
1,155.4 |
1,036.3 |
902.9 |
1,187.8 |
1,044.1 |
|
Securities |
2,097.9 |
1,932.5 |
855.4 |
1,298.8 |
0.3 |
|
Inventories |
- |
- |
- |
531.4 |
514.4 |
|
Merchandise |
65.7 |
59.3 |
60.0 |
- |
- |
|
Supplies |
603.5 |
549.7 |
518.3 |
- |
- |
|
Defer. Tax Asset |
466.0 |
264.5 |
742.1 |
340.7 |
79.7 |
|
Other Current |
878.0 |
534.9 |
844.4 |
882.7 |
475.7 |
|
Doubt Debt Allow |
-15.0 |
-8.0 |
-4.8 |
-0.8 |
-4.6 |
|
Total Current Assets |
5,697.2 |
4,511.1 |
4,522.4 |
4,757.1 |
3,574.4 |
|
|
|
|
|
|
|
|
Bldg & Structure |
1,421.0 |
1,173.4 |
1,053.4 |
1,008.5 |
1,351.7 |
|
Aircraft |
8,621.8 |
6,914.6 |
6,410.0 |
6,113.3 |
4,943.7 |
|
Machineries |
307.2 |
282.5 |
231.0 |
186.7 |
162.7 |
|
Tools & Supplies |
138.6 |
126.9 |
136.8 |
142.3 |
136.1 |
|
Land |
691.1 |
552.4 |
464.1 |
461.6 |
798.7 |
|
Lease assets, net |
433.2 |
468.7 |
553.3 |
700.5 |
0.0 |
|
Constr In Progr |
2,735.6 |
2,814.1 |
2,088.7 |
2,428.8 |
820.6 |
|
Intangible Assets |
897.7 |
755.3 |
637.2 |
473.1 |
364.4 |
|
Inv. Securities |
374.4 |
410.4 |
554.3 |
648.8 |
578.9 |
|
Equity secs.-nonconsol affil.&sub. |
241.9 |
131.0 |
- |
- |
- |
|
Long Term Loans |
61.2 |
45.2 |
32.4 |
24.0 |
32.1 |
|
Defer. Tax Asset |
1,123.5 |
1,333.0 |
826.1 |
450.6 |
301.1 |
|
Other LT Asset |
522.8 |
383.4 |
329.5 |
534.0 |
508.9 |
|
Doubt Debt Allow |
-10.7 |
-14.7 |
-10.9 |
-13.6 |
-9.2 |
|
Deferred Assets |
6.2 |
8.7 |
1.9 |
1.4 |
4.3 |
|
Total Assets |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
Note & A/C Pybl. |
1,939.6 |
1,616.2 |
1,507.7 |
1,841.5 |
1,685.3 |
|
Short Term Debt |
2.0 |
311.4 |
471.5 |
25.9 |
29.6 |
|
Current LT Debt |
1,388.0 |
1,068.3 |
821.2 |
683.4 |
933.5 |
|
Curr. Corp Debt |
241.3 |
428.1 |
303.7 |
502.3 |
381.1 |
|
Lease obligations |
135.1 |
126.9 |
119.3 |
158.7 |
0.0 |
|
Income Tax Pybl. |
57.8 |
28.6 |
13.7 |
817.0 |
28.5 |
|
Bonus Allowance |
334.0 |
121.8 |
124.7 |
252.2 |
129.8 |
|
Reserve for antitrust laws |
1.4 |
180.3 |
164.0 |
162.7 |
0.0 |
|
Assets Obligation |
19.5 |
0.0 |
- |
- |
- |
|
Other Current |
1,281.9 |
1,176.4 |
1,568.0 |
1,051.2 |
818.3 |
|
Total Current Liabilities |
5,400.5 |
5,057.9 |
5,093.9 |
5,495.1 |
4,006.2 |
|
|
|
|
|
|
|
|
Corporate Debt |
1,146.2 |
1,016.7 |
1,366.8 |
1,456.8 |
1,397.4 |
|
Long Term Debt |
8,025.6 |
6,727.4 |
5,537.9 |
4,315.8 |
3,605.5 |
|
Lease obligations |
389.3 |
399.3 |
463.7 |
571.6 |
0.0 |
|
Total Long Term Debt |
9,561.1 |
8,143.4 |
7,368.4 |
6,344.3 |
5,002.9 |
|
|
|
|
|
|
|
|
Accrued Retirem. |
1,488.9 |
1,278.1 |
1,183.7 |
1,127.8 |
953.7 |
|
Reserve for officers' retirement |
6.9 |
5.5 |
5.8 |
5.3 |
0.0 |
|
Reserve for bonuses |
25.7 |
0.0 |
- |
- |
- |
|
Defer. Tax Liab. |
23.5 |
4.3 |
0.7 |
0.8 |
12.6 |
|
Negative Goodwill |
4.7 |
9.8 |
20.8 |
28.0 |
9.4 |
|
Assets Obligation |
11.8 |
0.0 |
- |
- |
- |
|
Others |
388.9 |
259.0 |
858.1 |
335.3 |
145.9 |
|
Min. Interest |
73.6 |
70.0 |
39.6 |
29.9 |
65.1 |
|
Total Liabilities |
16,985.6 |
14,828.1 |
14,571.0 |
13,366.4 |
10,195.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,791.8 |
2,476.3 |
1,619.9 |
1,607.5 |
1,355.1 |
|
Paid In Capital |
2,368.8 |
2,104.4 |
1,272.9 |
1,263.4 |
1,064.9 |
|
Accumulated Loss |
1,144.9 |
690.4 |
1,253.7 |
1,384.7 |
673.6 |
|
Treasury Stock |
-70.0 |
-75.1 |
-64.7 |
-9.3 |
-6.1 |
|
Unreal Gain-Sec. |
-9.8 |
16.2 |
14.1 |
78.9 |
92.2 |
|
Deferred Hedge Gain/Loss |
60.4 |
-141.4 |
-836.3 |
223.7 |
196.1 |
|
Translation Adj. |
-9.0 |
-2.8 |
-0.7 |
1.9 |
-3.1 |
|
Total Equity |
6,277.2 |
5,068.0 |
3,258.9 |
4,550.9 |
3,372.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
23,262.8 |
19,896.0 |
17,830.0 |
17,917.2 |
13,568.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
Total Common Shares Outstanding |
2,509.1 |
2,506.4 |
1,933.2 |
1,947.6 |
1,948.0 |
|
T/S-Common Stock |
15.9 |
18.5 |
16.8 |
2.3 |
1.9 |
|
Full-Time Employees |
32,731 |
32,578 |
33,045 |
31,345 |
32,460 |
|
Number of Common Shareholders |
350,736 |
340,210 |
289,917 |
285,117 |
238,448 |
|
LT Debt <1Yr. |
1,629.3 |
1,496.4 |
1,124.9 |
1,185.7 |
1,314.6 |
|
LT Debt <2Yr. |
1,193.1 |
1,289.4 |
1,234.8 |
969.3 |
987.4 |
|
LT Debt <3Yr. |
1,324.2 |
902.5 |
1,039.0 |
1,055.7 |
791.2 |
|
LT Debt <4Yr. |
1,963.6 |
1,018.8 |
673.0 |
839.8 |
603.1 |
|
LT Debt <5Yr. |
1,677.2 |
1,596.8 |
783.1 |
476.5 |
672.5 |
|
LT Debt Remaining |
3,025.8 |
2,936.5 |
3,174.7 |
2,431.4 |
1,948.8 |
|
Total Long Term Debt, Supplemental |
10,813.2 |
9,240.5 |
8,029.6 |
6,958.4 |
6,317.6 |
|
Capital Lease Payments Wihtin 1 Year |
135.1 |
126.9 |
119.3 |
158.7 |
- |
|
Capital Lease Payments Due in Year2 |
132.9 |
108.9 |
115.0 |
116.5 |
- |
|
Capital Lease Payments Due in Year3 |
118.6 |
101.8 |
97.5 |
112.1 |
- |
|
Capital Lease Payments Due in Year4 |
85.7 |
89.1 |
91.5 |
95.0 |
- |
|
Capital Lease Payments Due in Year5 |
33.5 |
61.0 |
80.3 |
89.7 |
- |
|
Capital Lease Remaining |
18.6 |
38.3 |
79.5 |
158.3 |
- |
|
Total Capital Leases |
524.3 |
526.2 |
583.0 |
730.4 |
- |
|
Pension Obligation |
3,252.6 |
2,869.6 |
2,730.8 |
2,671.5 |
2,356.8 |
|
Fair Value of Plan Assets |
1,157.4 |
1,034.9 |
839.9 |
979.9 |
1,001.0 |
|
Funded Status |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Total Funded Status |
-2,095.3 |
-1,834.6 |
-1,890.9 |
-1,691.6 |
-1,355.8 |
|
Discount Rate |
1.60% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return |
1.00% |
1.00% |
1.00% |
0.85% |
0.85% |
|
Expense Unrecog. for Acct. Changes |
310.1 |
343.8 |
396.8 |
459.3 |
454.8 |
|
Unrecognized Actuarial Gains and Losses |
498.6 |
433.4 |
529.1 |
364.4 |
201.8 |
|
Unrecognized Prior Service Cost |
-202.2 |
-218.4 |
-216.6 |
-252.9 |
-245.7 |
|
Prepaid Pension Benefits |
0.1 |
2.3 |
2.1 |
7.1 |
8.7 |
|
Reserve for Accrued Retirement Benefits |
-1,488.9 |
-1,278.1 |
-1,183.7 |
-1,127.8 |
-953.7 |
|
Net Assets Recognized on Balance Sheet |
-882.3 |
-716.9 |
-472.5 |
-549.8 |
-534.1 |
|
|
|
|
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 |
373.7 |
445.9 |
903.5 |
689.9 |
669.6 |
|
Notes and operating accts. receivable |
1,388.9 |
1,155.4 |
1,410.0 |
1,290.9 |
1,206.3 |
|
Securities |
4,178.9 |
2,097.9 |
2,986.2 |
3,275.7 |
2,451.6 |
|
Inventories - merchandise |
63.5 |
65.7 |
77.6 |
70.9 |
61.1 |
|
Inventories - supplies |
603.1 |
603.5 |
639.9 |
644.5 |
605.1 |
|
Deferred tax assets |
543.8 |
466.0 |
327.8 |
362.5 |
370.3 |
|
Other Current |
834.6 |
878.0 |
621.9 |
538.4 |
514.1 |
|
Allowance for doubtful accounts |
-16.3 |
-15.0 |
-9.6 |
-9.0 |
-8.6 |
|
Total Current Assets |
7,970.2 |
5,697.2 |
6,957.3 |
6,863.8 |
5,869.5 |
|
|
|
|
|
|
|
|
Bldg & Structure |
1,453.3 |
1,421.0 |
1,398.6 |
1,293.3 |
1,236.1 |
|
Aircraft |
8,778.1 |
8,621.8 |
8,807.0 |
8,480.6 |
7,720.7 |
|
Land |
709.1 |
691.1 |
710.5 |
689.8 |
583.1 |
|
Lease assets, net |
423.6 |
433.2 |
474.7 |
482.2 |
487.4 |
|
Constr In Progr |
2,723.4 |
2,735.6 |
2,763.4 |
2,720.6 |
2,724.6 |
|
Other PPE |
454.1 |
445.7 |
458.3 |
421.3 |
409.0 |
|
Intangible assets |
903.4 |
897.7 |
862.5 |
832.7 |
784.0 |
|
Inv. Securities |
618.6 |
616.3 |
650.0 |
629.0 |
637.1 |
|
LT Loans |
- |
61.2 |
- |
- |
- |
|
Deferred tax assets |
1,244.3 |
1,123.5 |
1,377.6 |
1,400.0 |
1,481.9 |
|
Other LT Asset |
532.1 |
522.8 |
516.6 |
479.6 |
402.7 |
|
Allowance for doubtful accounts |
-14.1 |
-10.7 |
-12.7 |
-12.1 |
-12.1 |
|
Deferred Assets |
5.3 |
6.2 |
7.5 |
8.5 |
9.1 |
|
Total Assets |
25,801.3 |
23,262.8 |
24,971.4 |
24,289.2 |
22,333.2 |
|
|
|
|
|
|
|
|
Note & A/C Pybl. |
1,646.2 |
1,939.6 |
2,188.2 |
1,877.0 |
1,593.3 |
|
Short Term Debt |
619.1 |
2.0 |
360.0 |
348.6 |
328.4 |
|
Current LT Debt |
1,528.1 |
1,388.0 |
1,409.0 |
1,371.4 |
1,239.6 |
|
Curr. Corp Debt |
247.6 |
241.3 |
739.8 |
478.8 |
452.0 |
|
Lease obligations |
141.8 |
135.1 |
143.3 |
138.3 |
136.2 |
|
Income Tax Pybl. |
24.2 |
57.8 |
66.3 |
47.2 |
18.5 |
|
Bonus Allowance |
411.8 |
334.0 |
203.5 |
142.0 |
189.7 |
|
Reserve for antitrust laws |
1.4 |
1.4 |
1.4 |
285.3 |
190.4 |
|
Assets Retirment Obligation |
21.1 |
19.5 |
5.3 |
5.1 |
2.6 |
|
Other Current |
1,784.2 |
1,281.9 |
1,575.5 |
1,658.8 |
1,632.9 |
|
Total Current Liabilities |
6,425.6 |
5,400.5 |
6,692.4 |
6,352.8 |
5,783.7 |
|
|
|
|
|
|
|
|
Corporate Debt |
1,176.3 |
1,146.2 |
1,171.3 |
1,376.6 |
1,299.6 |
|
Long Term Debt |
9,594.3 |
8,025.6 |
8,271.8 |
8,409.9 |
7,787.9 |
|
Lease obligations |
370.8 |
389.3 |
420.2 |
432.0 |
437.0 |
|
Total Long Term Debt |
11,141.4 |
9,561.1 |
9,863.3 |
10,218.5 |
9,524.5 |
|
|
|
|
|
|
|
|
Accrued Retirem. |
1,539.4 |
1,488.9 |
1,510.3 |
1,446.9 |
1,363.3 |
|
Reserve for officers' retirement |
6.5 |
6.9 |
6.5 |
5.7 |
5.4 |
|
Assets Retirment Obligation |
13.4 |
11.8 |
31.7 |
30.6 |
31.3 |
|
Negative Goodwill |
3.2 |
4.7 |
6.1 |
7.5 |
8.5 |
|
Other |
415.5 |
438.2 |
539.0 |
489.3 |
399.6 |
|
Min. Interest |
72.8 |
73.6 |
80.4 |
77.0 |
72.5 |
|
Total Liabilities |
19,617.7 |
16,985.6 |
18,729.6 |
18,628.3 |
17,188.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,865.0 |
2,791.8 |
2,852.9 |
2,769.7 |
2,614.8 |
|
Paid In Capital |
2,429.6 |
2,368.8 |
2,421.3 |
2,351.8 |
2,221.4 |
|
Retained earnings |
1,007.3 |
1,144.9 |
1,345.5 |
1,015.8 |
749.6 |
|
Treasury Stock |
-67.6 |
-70.0 |
-74.0 |
-76.7 |
-77.3 |
|
Unreal Gain-Sec. |
-17.4 |
-9.8 |
7.7 |
5.1 |
10.8 |
|
Deferred hedge gain/loss |
-22.7 |
60.4 |
-301.7 |
-396.6 |
-369.6 |
|
Translation Adj. |
-10.6 |
-9.0 |
-10.0 |
-8.1 |
-5.2 |
|
Total Equity |
6,183.6 |
6,277.2 |
6,241.7 |
5,661.0 |
5,144.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
25,801.3 |
23,262.8 |
24,971.4 |
24,289.2 |
22,333.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
2,510.0 |
2,509.1 |
2,508.5 |
2,507.5 |
2,506.3 |
|
Total Common Shares Outstanding |
2,510.0 |
2,509.1 |
2,508.5 |
2,507.5 |
2,506.3 |
|
T/S-Common Stock |
15.0 |
15.9 |
16.4 |
17.5 |
18.6 |
|
Full-Time Employees |
- |
32,731 |
33,183 |
33,229 |
33,293 |
|
|
|
|
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
409.1 |
-1,028.5 |
-44.2 |
1,008.1 |
436.7 |
|
Depreciation |
1,382.2 |
1,224.5 |
1,123.4 |
1,217.1 |
757.7 |
|
Impairment loss |
3.7 |
13.5 |
0.0 |
123.5 |
92.4 |
|
L on adjust for chang of acc. assets |
24.9 |
0.0 |
- |
- |
- |
|
Settlement package |
79.8 |
0.0 |
- |
- |
- |
|
Lease acct. effect |
- |
- |
0.0 |
33.4 |
0.0 |
|
PPE Sold & Retired |
137.1 |
141.3 |
-66.6 |
132.4 |
64.4 |
|
Sec. Reval & Sold |
41.3 |
8.9 |
35.5 |
25.9 |
-6.1 |
|
Doubt Debt Allow |
1.8 |
6.5 |
1.6 |
0.2 |
2.3 |
|
Accrued Retirement |
52.7 |
9.5 |
46.5 |
16.2 |
44.8 |
|
Interest Expenses |
225.4 |
195.4 |
147.6 |
131.7 |
151.4 |
|
Interest & Dividend |
-30.3 |
-28.7 |
-28.5 |
-40.3 |
-45.8 |
|
Currency Gain/Loss |
4.2 |
0.5 |
6.7 |
7.1 |
-3.0 |
|
Gain-Transfer of Hotel Business Asset |
- |
- |
0.0 |
-1,163.5 |
0.0 |
|
Special Retirement |
2.2 |
48.1 |
6.6 |
10.6 |
5.1 |
|
Accounts Receivable |
12.7 |
-61.3 |
288.8 |
8.7 |
-90.8 |
|
Other Receivable |
34.3 |
66.9 |
69.9 |
-96.0 |
-10.0 |
|
Accounts Payable |
113.6 |
16.7 |
-341.8 |
-104.2 |
242.8 |
|
Other Operating CF |
212.3 |
83.4 |
-322.4 |
294.4 |
-1.1 |
|
Interest & Dividend |
26.1 |
30.1 |
28.7 |
42.0 |
46.1 |
|
Interest Paid |
-223.3 |
-194.6 |
-145.2 |
-135.1 |
-152.1 |
|
Income tax (paid) refund |
-39.6 |
402.3 |
-1,195.9 |
-51.1 |
-172.7 |
|
Special Retirem Paid |
-9.2 |
-41.3 |
-6.6 |
-10.6 |
-5.1 |
|
Settlement package paid |
-81.5 |
0.0 |
- |
- |
- |
|
Others Paid |
- |
- |
- |
- |
0.0 |
|
Consolid. Adjustment |
- |
- |
- |
0.0 |
0.2 |
|
Cash from Operating Activities |
2,379.3 |
892.9 |
-395.9 |
1,450.2 |
1,357.4 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-2,195.2 |
-2,003.1 |
-1,158.3 |
-2,950.2 |
-2,024.5 |
|
Fixed Asset Sold |
445.7 |
107.2 |
423.8 |
395.5 |
897.0 |
|
Intangibles Bought |
-275.2 |
-255.7 |
-291.8 |
-179.5 |
-129.8 |
|
Purchase of Mktbl. Secs. |
-1,242.4 |
-1,248.1 |
0.0 |
-113.9 |
-51.3 |
|
Sale of Mktbl. Secs. |
1,667.1 |
763.9 |
0.0 |
113.9 |
183.1 |
|
Acq. Inv. Sec. |
-0.2 |
-0.8 |
-5.0 |
-40.4 |
-50.4 |
|
Inv. Sec. Sold |
5.9 |
3.6 |
0.7 |
13.6 |
8.7 |
|
Purchase of subs.' securities |
0.0 |
-25.5 |
0.0 |
- |
- |
|
Sale Subsid. Stock |
- |
0.0 |
7.4 |
0.0 |
11.8 |
|
Purchae consolidated stock |
- |
- |
0.0 |
-0.3 |
0.0 |
|
Loans Made |
-36.5 |
-35.4 |
-16.7 |
-4.3 |
-20.7 |
|
Loans Returned |
8.9 |
23.7 |
14.4 |
18.6 |
47.9 |
|
Gain-Transfer of Hotel Business Asset |
- |
- |
0.0 |
2,151.4 |
0.0 |
|
Other Investment CF |
-7.4 |
-40.0 |
-80.6 |
-15.2 |
31.0 |
|
Cash from Investing Activities |
-1,629.3 |
-2,710.2 |
-1,106.0 |
-610.9 |
-1,097.1 |
|
|
|
|
|
|
|
|
Short Term Debt, net |
-337.6 |
-188.0 |
437.8 |
-8.0 |
-44.4 |
|
LT Debt Proceed |
1,884.7 |
2,090.8 |
2,047.3 |
909.8 |
830.8 |
|
LT Debt Repaid |
-1,280.6 |
-1,012.1 |
-749.6 |
-1,246.6 |
-973.2 |
|
Corp Debt Issued |
232.3 |
0.0 |
198.0 |
261.1 |
0.0 |
|
Corp Debt Repaid |
-466.8 |
-322.8 |
-497.6 |
-393.7 |
-641.3 |
|
Finance Lease Repaid |
-166.5 |
-132.2 |
-160.7 |
-200.1 |
0.0 |
|
Issuance of stock |
0.0 |
1,526.1 |
0.0 |
- |
0.0 |
|
Dividend Paid |
0.0 |
-20.8 |
-96.9 |
-51.1 |
-49.9 |
|
Treasury ,net |
11.8 |
-11.7 |
-54.7 |
-1.6 |
8.5 |
|
Other Financing CF |
-1.0 |
-59.5 |
16.0 |
-33.9 |
6.7 |
|
Cash from Financing Activities |
-123.7 |
1,869.9 |
1,139.5 |
-764.1 |
-862.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-3.0 |
-1.5 |
-1.1 |
-8.0 |
-0.5 |
|
Net Change in Cash |
623.4 |
51.1 |
-363.5 |
67.3 |
-602.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,729.3 |
1,543.3 |
1,791.0 |
1,507.2 |
2,076.1 |
|
Net Cash - Ending Balance |
2,352.7 |
1,594.4 |
1,427.4 |
1,574.5 |
1,473.1 |
|
Cash Interest Paid |
223.3 |
194.6 |
145.2 |
135.1 |
152.1 |
|
Cash Taxes Paid |
39.6 |
-402.3 |
1,195.9 |
51.1 |
172.7 |
|
|
|
|
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 |
409.1 |
702.0 |
352.1 |
-58.1 |
-1,028.5 |
|
Depreciation |
1,382.2 |
1,009.2 |
647.8 |
309.5 |
1,224.5 |
|
L on Adj. for Changes of Acct. Assets |
24.9 |
24.5 |
23.9 |
23.1 |
0.0 |
|
Settlement package |
79.8 |
- |
- |
- |
0.0 |
|
Impairment Loss |
3.7 |
- |
- |
- |
13.5 |
|
Fixed Assets Sold & Retired |
137.1 |
46.5 |
12.5 |
2.1 |
141.3 |
|
Sec. Reval & Sold |
41.3 |
40.7 |
39.7 |
- |
8.9 |
|
Doubt Debt Allow |
1.8 |
- |
- |
- |
6.5 |
|
Accrued Retirement |
52.7 |
41.6 |
22.1 |
15.3 |
9.5 |
|
Interest Expenses |
225.4 |
167.6 |
106.8 |
49.5 |
195.4 |
|
Interest & Dividend |
-30.3 |
-26.9 |
-16.4 |
-6.4 |
-28.7 |
|
Currency Gain/Loss |
4.2 |
- |
- |
- |
0.5 |
|
Special Retirement |
2.2 |
- |
- |
- |
48.1 |
|
Accounts Receivable |
12.7 |
-201.8 |
-123.8 |
-104.2 |
-61.3 |
|
Other Receivable |
34.3 |
- |
- |
- |
66.9 |
|
Accounts Payable |
113.6 |
304.7 |
65.1 |
-30.5 |
16.7 |
|
Other Operating CF |
212.3 |
163.6 |
342.4 |
313.4 |
83.4 |
|
Interest & Dividend |
26.1 |
21.1 |
17.1 |
7.5 |
30.1 |
|
Interest Paid |
-223.3 |
-164.7 |
-104.9 |
-48.9 |
-194.6 |
|
Income tax (paid) refund |
-39.6 |
-18.5 |
-13.7 |
-40.4 |
402.3 |
|
Special Retirem Paid |
-9.2 |
-7.6 |
-7.1 |
-3.1 |
-41.3 |
|
Settlement package paid |
-81.5 |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
2,379.3 |
2,102.0 |
1,363.7 |
428.7 |
892.9 |
|
|
|
|
|
|
|
|
Net change in time deposit |
- |
-576.2 |
-562.1 |
-543.4 |
- |
|
Purchase of Marketable Secs. |
-1,242.4 |
-1,127.3 |
-979.5 |
-434.4 |
-1,248.1 |
|
Sale of Marketable Secs. |
1,667.1 |
1,165.0 |
505.8 |
488.7 |
763.9 |
|
Capital Expenditure |
-2,195.2 |
-1,394.0 |
-879.4 |
-432.9 |
-2,003.1 |
|
Fixed Asset Sold |
445.7 |
133.5 |
38.9 |
35.1 |
107.2 |
|
Intangibles Bought |
-275.2 |
-195.7 |
-126.4 |
-89.7 |
-255.7 |
|
Purchase of LT inv't in sec. |
-0.2 |
0.0 |
0.0 |
0.0 |
-0.8 |
|
Sale of LT inv't in sec. |
5.9 |
5.7 |
5.5 |
5.3 |
3.6 |
|
Purchase of subs.' securities |
0.0 |
0.0 |
0.0 |
0.0 |
-25.5 |
|
Sale subsidiaries' securities |
- |
- |
- |
- |
0.0 |
|
Loans Made |
-36.5 |
-18.5 |
-16.3 |
-1.2 |
-35.4 |
|
Loans Returned |
8.9 |
4.8 |
2.7 |
1.0 |
23.7 |
|
Other Investment CF |
-7.4 |
1.4 |
5.2 |
2.6 |
-40.0 |
|
Cash from Investing Activities |
-1,629.3 |
-2,001.2 |
-2,005.5 |
-969.0 |
-2,710.2 |
|
|
|
|
|
|
|
|
Short Term Debt, net |
-337.6 |
1.2 |
0.3 |
-0.4 |
-188.0 |
|
LT Debt Proceed |
1,884.7 |
1,619.6 |
1,580.4 |
1,086.0 |
2,090.8 |
|
LT Debt Repaid |
-1,280.6 |
-966.1 |
-583.4 |
-321.2 |
-1,012.1 |
|
Corp Debt Issued |
232.3 |
229.3 |
223.8 |
216.2 |
0.0 |
|
Corp Debt Repaid |
-466.8 |
0.0 |
0.0 |
- |
-322.8 |
|
Finance Lease Repaid |
-166.5 |
-126.9 |
-72.3 |
-34.8 |
-132.2 |
|
Stocks issued |
0.0 |
0.0 |
0.0 |
- |
1,526.1 |
|
Div. Paid |
0.0 |
0.0 |
0.0 |
0.0 |
-20.8 |
|
Treasury,net |
11.8 |
9.9 |
6.1 |
2.3 |
-11.7 |
|
Other Financing CF |
-1.0 |
-1.0 |
-1.0 |
-0.9 |
-59.5 |
|
Cash from Financing Activities |
-123.7 |
766.1 |
1,154.0 |
947.1 |
1,869.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-3.0 |
-3.5 |
-2.6 |
-1.3 |
-1.5 |
|
Net Change in Cash |
623.4 |
863.5 |
509.6 |
405.5 |
51.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,729.3 |
1,707.0 |
1,665.8 |
1,609.3 |
1,543.3 |
|
Net Cash - Ending Balance |
2,352.7 |
2,570.5 |
2,175.4 |
2,014.9 |
1,594.4 |
|
Cash Interest Paid |
223.3 |
164.7 |
104.9 |
48.9 |
194.6 |
|
Cash Taxes Paid |
39.6 |
18.5 |
13.7 |
40.4 |
-402.3 |
|
|
|
Financials in: As Reported (mil)
|
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|
|
|
Financials in: As Reported (mil)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.87 |
|
|
1 |
Rs.75.14 |
|
Euro |
1 |
Rs.66.68 |
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.