MIRA
INFORM REPORT
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Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
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Name : |
NISSHA PRINTING CO., LTD. |
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Registered Office : |
3 banchi Mibuhanai-cho Nakagyo-ku, 604-8873 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
28.12.1946 |
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Legal Form : |
Public Independent |
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Line of Business : |
Printing Services |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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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
NISSHA PRINTING CO., LTD.
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Business Description
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NISSHA PRINTING CO., LTD. operates in three business segments. The
Industrial Materials and Electronic is engaged in the design, manufacture and
sale of industrial materials and electronic related products. This segment
also manufactures decorating films, input devices, molded products and dies,
among others. The Information Communication segment is involved in the
planning, manufacture and sale of sales promotional products and information
mediums for advertising. The Others segment is engaged in the real estate
business and manpower dispatching business. As of March 31, 2011, the Company
has 23 subsidiaries. For the fiscal year ended 31 March 2011, NISSHA PRINTING
CO., LTD.'s revenues decreased 10% to Y114.05B. The Company's net loss
totaled Y2.46B, vs. a net income of Y6.93B. Revenues reflect lower sales of
the Company's products due to unfavorable business environment. Net loss also
suffered from unfavorable gross and operating profit margin, increased
foreign exchange losses, as well as a decrease in foreign exchange gains. |
Industry
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Industry |
Printing Services |
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ANZSIC 2006: |
1611 - Printing |
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NACE 2002: |
2222 - Printing not elsewhere classified |
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NAICS 2002: |
323110 - Commercial Lithographic Printing |
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UK SIC 2003: |
2222 - Printing not elsewhere classified |
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US SIC 1987: |
2752 - Commercial Printing, Lithographic |
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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Executives Report
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Significant Developments
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US Patent Issued
to Nissha Printing on Aug. 23 for "Mesh Sheet and Housing for Electronic
Devices" (Japanese Inventors)
U.S. Fed News: 28 August 2011
[What follows is the full text of the news story.]
ALEXANDRIA, Va.,
Aug. 28 -- United States Patent no. 8,003,900, issued on Aug. 23, was assigned
to Nissha Printing Co. Ltd. (Kyoto, Japan).
"Mesh Sheet
and Housing for Electronic Devices" was invented by Yuji Watazu (Kyoto,
Japan), Shuzo Okumura (Kyoto, Japan), Keishiro Murata (Kyoto, Japan), Asako
Sakashita (Kyoto, Japan) and Takahiro Okabe (Kyoto, Japan).
According to the
abstract released by the U.S. Patent & Trademark Office: "A mesh sheet
of the present invention is a mesh sheet in which a metal mesh comprising fine
bands is laminated on a surface of a base substrate, the mesh sheet being used
and adhered along a surface of an arbitrary member having a curved surface
portion. The metal mesh has a part in which the fine band positioned between
connection points of the fine bands which are adjacent to each other is a
curved line so as to absorb stress relative to deformation to be placed along
the curved surface portion with a large curvature without destructing the metal
mesh."
The patent was
filed on Feb. 18, 2009, under Application No. 12/867,341.
For further
information please visit: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8003900&OS=8003900&RS=8003900
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
Nissha Printing
Assigned Patent
U.S. Fed News: 27 August 2011
[What follows is the full text of the news story.]
By US Fed News
ALEXANDRIA, Va.,
Aug. 27 -- Nissha Printing, Kyoto, Japan, has been assigned a patent
(8,003,900) developed by five co-inventors for a "mesh sheet and housing
for electronic devices." The co-inventors are Yuji Watazu, Kyoto, Japan,
Shuzo Okumura, Kyoto, Japan, Keishiro Murata, Kyoto, Japan, Asako Sakashita,
Kyoto, Japan, and Takahiro Okabe, Kyoto, Japan.
The abstract of
the patent published by the U.S. Patent and Trademark Office states: "A
mesh sheet of the present invention is a mesh sheet in which a metal mesh
comprising fine bands is laminated on a surface of a base substrate, the mesh
sheet being used and adhered along a surface of an arbitrary member having a
curved surface portion. The metal mesh has a part in which the fine band
positioned between connection points of the fine bands which are adjacent to
each other is a curved line so as to absorb stress relative to deformation to
be placed along the curved surface portion with a large curvature without
destructing the metal mesh."
The patent
application was filed on Feb. 18, 2009 (12/867,341). The full-text of the
patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,003,900&OS=8,003,900&RS=8,003,900
Written by
Satyaban Rath; edited by Hemanta Panigrahi.
SR0827HP0827-620311
Nissha Printing 1Q
Grp Net Loss Y1.43B Vs Y160.00M Pft Yr Earlier
Nikkei English News: 04 August 2011
[What follows is the full text of the news story.]
Nissha Printing
Co. (7915.TO)
Japan
1st Quarter Ended
June 30
GROUP 2011 2010
Revenue Y22.50
blnY28.09 bln
Operating Profit
(1.91) bln 358.00 mln
Pretax Profit
(1.94) bln 312.00 mln
Net Profit (1.43)
bln 160.00 mln
Per share
Earnings (33.38)
3.72
Figures in
parentheses are losses.
Results are based
on Japanese accounting standards.
Nissha Printing
Expects This FY Group Net Profit Y250.00M
Nikkei English News: 04 August 2011
[What follows is the full text of the news story.]
Nissha Printing
Co. also released the following forecasts:
GROUP Year Ending
Mar 2012
Revenue Y118.00
bln
Operating Profit
300.00 mln
Pretax Profit 500.00
mln
Net Profit 250.00
mln
Per share
Earnings 5.83
Results are based
on Japanese accounting standards.
Glass, Resin
Makers Tussle For Touch Panel Supremacy
Nikkei English News: 29 June 2011
[What follows is the full text of the news story.]
TOKYO (Nikkei)--The
main battleground for smartphone material makers is now over touch panels.
Capacitance
technology pinpoints the part of the screen being touched using the electric
charge created between fingertips and the screen. It has helped boost the popularity
of smartphones -- especially among young people -- which are quickly displacing
conventional cell phones.
Gorilla vs dragon
Two major
glassmakers are engaged in cutthroat competition to supply the glass that
protects touch panels from dust and impact. Corning Inc. started selling
Gorilla Glass in 2008, a product it says does not scratch even if it is hit
hard with a pen tip. The U.S. firm's recent marketing blitz stressing the
toughness of the glass proved effective. Gorilla Glass racked up sales of 250
million dollars (over 20 billion yen) in 2010, and they are expected to triple
or quadruple this year.
The world's
largest maker of glass for LCD panels looked on the verge of creating a de
facto industry standard for smartphone touch panel glass, but rival Asahi Glass
Co. (5201), the world's leading glassmaker, had other ideas. In January, the
Japanese firm unveiled a new product for touch panel devices. The Dragontrail
offers durability about six times that of glass used in construction or cars.
"Our Dragontrail
glass cover is set to be used in a number of smartphone models," says a
senior official in the firm's display materials division.
Asahi Glass has
spent about 20 billion yen at its factory in Takasago, Hyogo Prefecture, to
create a glass cover production line, which is slated to open in the second
half of this year. The company hopes to sell 30 billion yen worth of the
product next fiscal year.
The future is
plastic
Glassmakers are
not the only contestants in the touch panel cover battle. Makers of resin films
also hope to grab a slice of the pie by offering alternatives that are lighter,
thinner and easier to handle than glass.
Showa Denko KK
(4004) will begin operating a pilot plant in Oita Prefecture in July. The touch
panels it makes will use special resins that are just as strong as glass, but
only half as heavy. "We hope to start mass-producing the product within
two years and generate sales of about 20 billion yen by 2020," says an
official of the company's petrochemical division.
Major chemical
firms are also making inroads in the touch panel market. Teijin Ltd. (3401) has
launched a marketing campaign for its polycarbonate resin. Mitsubishi Chemical
Corp. is developing a self-repairing film for which the surface expands when
scratched, making the gash less visible.
Rivals inside and
out
Even before the
touch panel skirmish broke out, glassmakers were already going head-to-head
with their resin-making counterparts over internal components. Sensors that
pick up static electricity from fingertips form a conductive layer at the top
and bottom of the panel substrates. Asahi Glass, Nippon Sheet Glass Co. (5202)
and other glassmakers once dominated the market for these substrates. But the
increasing popularity of resins mean that glassmakers now hold only half the
market.
Kimoto Co. (7908)
posted an operating loss of about 160 million yen in fiscal 2008, but moved
into the black in fiscal 2010 with an operating profit of about 1.53 billion
yen, thanks to strong demand for its hard coatings used in substrates.
Higashiyama Film
Co. is expected to see its smartphone-related sales, including those of
substrates, jump to 3.3 billion yen this fiscal year, compared with less than 1
billion yen in fiscal 2007. The company has expertise in making films used for
flat-panel TVs and the flexibility to meet various customer demands.
"We've been receiving many development requests (from manufacturers in the
smartphone sector) with commercialization targeted in three years," says
Shigeru Matsubara, the company's president.
Nissha Printing
Co. (7915), a major touch panel maker, will begin turning out a substrate film
as early as autumn at a plant for LCD panel components in Himeji, Hyogo
Prefecture, which it has leased from Toshiba Mobile Display Co. It will make a
new type of film there with glasslike transparency. The company plans to supply
the film to domestic and overseas smartphone makers, as well as use it to make
its own touch panels.
Glassmakers are
not taking this lying down. Asahi Glass has come up with a new technology that
enables mass production of glass substrates a mere 0.28mm thick -- 15% slimmer
than current products. Nippon Sheet Glass Co. (5202) has also developed a new
glass with the same thickness. It plans to spend about 13 billion yen on a
super-thin glass substrate production line in Vietnam, which it aims to have
running by 2013.
Major materials
makers are continuously developing new technologies for products ranging from
cars to flat-panel TVs. Now their main battlefield has been shifted to smartphones.
The intensifying competition is spurring the creation of more advanced
handsets, to the delight of gadget-lovers.
--Translated from
an article by Nikkei staff writers Fumihito Ishizuka, Yoko Shoji, Yasuhiro
Morizono, Kohei Horie
(The Nikkei Business
DailyJune 29 edition)
Nissha Printing FY
Grp Net Loss Y2.46B Vs Y6.93B Pft Yr Earlier
Nikkei English News: 12 May 2011
[What follows is the full text of the news story.]
Nissha Printing
Co. (7915.TO)
Japan
Year Ended March
31
Group 2011 2010
Revenue Y114.05
blnY126.97 bln
Operating Profit
(4.95) bln 11.26 bln
Pretax Profit
(5.40) bln 12.06 bln
Net Profit (2.46)
bln 6.93 bln
Per share
Earnings (57.25)
160.38
Figures in
parentheses are losses.
Results are based
on Japanese accounting standards.
Nissha Printing
Expects This FY Group Net Profit Y250.00M
Nikkei English News: 12 May 2011
[What follows is the full text of the news story.]
Nissha Printing
Co. also released the following forecasts:
GROUP Year Ending
Mar 2012
Revenue Y118.00
bln
Operating Profit
300.00 mln
Pretax Profit
500.00 mln
Net Profit 250.00
mln
Per share
Earnings 5.83
Results are based
on Japanese accounting standards.
BUSINESS WIRE
DAILY SUMMARY - APRIL 9, 10, AND 11, 2011
Asia Pulse Businesswire: 12 April 2011
[What follows is the full text of the news story.]
A summary of news
releases for April 9, 10, and 11, 2011, compiled by Business Wire, the global
leader in news distribution. To view any of these news release on Business
Wire's website, please go to www.businesswire.com .
1) Category Code:
Mining/Metals
HINDUSTAN ZINC
LIMITED PRODUCTION RELEASE FOR THE FOURTH QUARTER AND YEAR ENDED 31 MARCH 2011
Operational
Performance: Mined metal production was a record 231,000 tonnes in Q4 and
840,000 tonnes for the full year, 19% and 9% higher than the corresponding
prior year periods, respectively, due to higher contributions from Rampura
Agucha and Sindesar Khurd mines.
2) Category Code:
Mining/Metals
STERLITE
INDUSTRIES (I) LTD. PRODUCTION RELEASE FOR THE FOURTH QUARTER AND YEAR ENDED 31
MARCH 2011
Mined metal
production was a record 231,000 tonnes in Q4 and 840,000 tonnes for the full
year, 19% and 9% higher than the corresponding prior year periods,
respectively, due to higher contributions from Rampura Agucha and Sindesar
Khurd mines.
3) Category Code:
Finance
NYSE EURONEXT
BOARD OF DIRECTORS UNANIMOUSLY REAFFIRMS STRONG COMMITMENT TO AGREED DEUTSCHE
BOERSE COMBINATION
NYSE Euronext
(NYSE: NYX) announced today that its Board of Directors, consistent with its
fiduciary duties and advised by its independent financial and legal advisors,
has unanimously reaffirmed the previously announced combination agreement with
Deutsche Boerse AG (XETRA:DB1) and rejected the unsolicited and highly
conditional proposal by NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and
IntercontinentalExchange, Inc. (NYSE: ICE) to break up NYSE Euronext.
4) Category Code:
Mobile/Wireless
CAMBRIOS AND
SYNAPTICS ENTER AGREEMENT TO ACCELERATE USE OF CLEAROHMT CONDUCTIVE FILM IN
COMMERCIAL PRODUCTS
Cambrios
Technologies Corporation and Synaptics Incorporated, (NASDAQ:SYNA), a leading
developer of human interface solutions for mobile computing, communications,
and entertainment devices, today announced that they have entered into a
Reference Design Partner Agreement.
5) Category Code:
Mobile/Wireless
CAMBRIOS CLEAROHMT
FILM USED IN SMART PHONE
Cambrios
Technologies Corporation announced today that its ClearOhmT transparent
conductive film has been incorporated into the touch sensor of a leading smart
phone. The touch sensor and touch module solution were developed by Nissha
Printing Co., Ltd. of Japan and Synaptics Incorporated (NASDAQ: SYNA),
respectively, and mark the first commercial implementation of Cambrios ClearOhm
in place of indium tin oxide (ITO).
6) Category Code:
Chemicals/Plastics
CAMBRIOS AND TORAY
ADVANCED FILM TO COLLABORATE ON COMPLETE LINE OF TRANSPARENT CONDUCTIVE PET
FILMS
Cambrios
Technologies Corporation announced today that it has reached an agreement to
provide Cambrios ClearOhmT coating materials to Toray Advanced Film Co., Ltd.
of Japan, part of the Toray group, which provides innovative materials and
components globally. Toray Advanced Film, the world's leading supplier of
various base films and cutting-edge processed film products, will use ClearOhm
material to produce a line of transparent conductive PET films. Among other
uses, transparent conductive films are a high value component of touch screens,
including the projected capacitive type used in smart phones and tablet
computers. Toray has also made a strategic investment in Cambrios.
7) Category Code:
Consumer Electronics
USB-IF ANNOUNCES
FIRST CERTIFIED FOUR-PORT USB 3.0 HOST CONTROLLER
Today, the USB
Implementers Forum (USB-IF) announced the certification of the TUSB7340
SuperSpeed USB (USB 3.0) four-port host controller and the TUSB7320 SuperSpeed
USB two-port host controller from Texas Instruments. As SuperSpeed USB adoption
accelerates across the industry, the growing availability of products continues
to spur a competitive ecosystem while driving innovation. The certification of
these host controllers advances the SuperSpeed USB ecosystem by creating
additional certified solutions for manufacturers and developers.
8) Category Code:
Finance
JEFFERIES EXPANDS
ASIA EQUITIES SALES AND TRADING
In a further
expansion of the firm's global equities business, Jefferies announced today the
addition of six Managing Directors in Asia. The following professionals have
recently joined the firm: Paul Krake as Head of Hedge Fund Sales, Lydia Leung
for Hong Kong / China Equity Sales, Stephen Nichols as Head of Asia Trading,
Adam Putterill as Head of Hong Kong and China Sales Trading, James Young as
Head of Regional Sales, and David Welch as a Regional Sales Trader. All are
based in Jefferies'Hong Kong office.
9) Category Code:
Semiconductor
FREESCALE
SEMICONDUCTOR AND FUJI ELECTRIC PARTNER TO INCREASE EFFICIENCY OF HYBRID
ELECTRIC VEHICLES
Freescale
Semiconductor has entered into a strategic alliance with Fuji Electric Systems
Co., Ltd., a wholly-owned subsidiary of Fuji Electric Holdings Co., Ltd., to
collaborate on insulated-gate bipolar transistor (IGBT) technology and products
for hybrid electric and electric vehicles (HEV and EV). Working with Fuji
Electric, Freescale will add high-power IGBT products to its existing portfolio
of solutions for electronic powertrain applications, market those products to
its automotive customers and define and produce new products based on customer
input
10) Category Code:
Biotechnology
BIOGEN IDEC
ANNOUNCES POSITIVE TOP-LINE RESULTS FROM THE FIRST PHASE 3 TRIAL INVESTIGATING
ORAL BG-12 (DIMETHYL FUMARATE) IN MULTIPLE SCLEROSIS
Biogen Idec
(NASDAQ: BIIB) announced today positive top-line results from DEFINE, the first
of two pivotal Phase 3 clinical trials designed to evaluate the investigational
oral compound BG-12 (dimethyl fumarate) as a monotherapy in people with
relapsing-remitting multiple sclerosis (RRMS). Results showed that 240 mg of
BG-12, administered either twice or three times a day, met the primary study
endpoint, demonstrating a highly statistically significant reduction
(p<0.0001) in the proportion of patients with RRMS who relapsed at two years
compared with placebo. Both doses of BG-12 also met all of the secondary study
endpoints, providing a statistically significant reduction in annualized
relapse rate, in the number of new or newly enlarging T2 hyperintense lesions,
in new gadolinium-enhancing (Gd+) lesions, and in the rate of disability
progression as measured by the Expanded Disability Severity Scale (EDSS) at two
years.
11) Category Code:
Architecture
STEELMAN PARTNERS
AWARDED MASTER PLANNING SERVICES FOR VENUS CAT BA PROJECT IN VIETNAM
Steelman
Partners'Vietnam office has been awarded the architectural master planning
services for the Venus Cat Ba Project at Ha Long Bay, Vietnam. Located in an
extremely scenic area in Asia, this project will feature one of the most
progressive environmental entertainment districts in the world.
12) Category Code:
Alternative Energy
GT SOLAR MONOCAST
SILICON MATERIAL ACHIEVES RECORD FOR AVERAGE CELL EFFICIENCY TESTING BY
RESEARCHERS AT GEORGIA INSTITUTE OF TECHNOLOGY
GT Solar
International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production
technology, and sapphire and silicon crystalline growth systems and materials for
the solar, LED and other specialty markets, today announced that researchers at
Georgia Institute of Technology have demonstrated average cell efficiencies of
18.8% with highest efficiencies exceeding 19% on monocast silicon material
grown in GT's advanced ingot casting furnace.
13) Category Code:
Pharmaceuticals
MERCK & CO.,
INC., AND SUN PHARMA ESTABLISH JOINT VENTURE TO DEVELOP AND COMMERCIALIZE NOVEL
FORMULATIONS AND COMBINATIONS OF MEDICINES IN EMERGING MARKETS
Merck & Co.,
Inc., (NYSE:MRK), a global health care leader, known as MSD outside the United
States and Canada, and Sun Pharmaceutical Industries Ltd., ("Sun
Pharma") a leading Indian multinational pharmaceutical company, today
announced the creation of a joint venture to develop, manufacture and
commercialize new combinations and formulations of innovative, branded generics
in the Emerging Markets.
14) Category Code:
University
DE MONTFORT
UNIVERSITY VICE-CHANCELLOR VISITS JAPAN
De Montfort
University (DMU) Vice-Chancellor Professor Dominic Shellard has travelled to
Japan to meet with senior officials and explore exciting new partnerships with
Japanese institutions.
15) Category Code:
Audio/Video
THINKLOGICAL
DEMONSTRATES THE NEXT GENERATION OF IMAGE PROCESSING, CONVERTING AND SCALING AT
THE NATIONAL ASSOCIATION OF BROADCASTERS (NAB) 2011 EVENT HELD IN LAS VEGAS
APRIL 11-14, 2011
Thinklogical, a
worldwide provider of fiber optic infrastructure, extension and routing systems
for the broadcast and post-production industries, will be showcasing the new
ImageEvolution X3 at NAB 2011 (Booth SL10023). The X3 provides professional
broadcasters with an easy to use method for converting and scaling 2D and 3D
video signals. Unique in the broadcast marketplace the product offers
progressive, interlaced and PsF input/output supported formats, and the ability
to separate left eye/right eye processing to optimize 3D editing and
broadcasting. The X3 also supports the processing of ancillary date (i.e.,
Closed Caption and Time Codes) and pass-thru of a custom DID/SDID pair.
16) Category Code:
Foundation
MAKE-A-WISH
CELEBRATES THE LAUNCH OF ITS SECOND GLOBAL WORLD WISH DAY
The Make-A-Wish
Foundation will celebrate its second annual World Wish Day on April 29, 2011.
Make-A-Wish affiliates in 36 countries will be participating on this global day
of wish granting. The day serves as a global awareness day for the Foundation
and encourages individuals and communities around the world to get involved and
help make a real difference in the lives of children with life-threatening
medical conditions. All global activity will be aggregated on worldwishday.org.
17) Category Code:
Air
SIAE: SOLAR
IMPULSE AT THE PARIS AIR SHOW
The organisers of
the International Paris Air Show are delighted and extremely proud to announce
the presence of the solar aeroplane Solar Impulse as the show's "Special
Guest".
18) Category Code:
Finance
IPO IN PRIME
STANDARD: POWERLAND AG
Powerland AG
(ISIN: DE000PLD5558) joined the Prime Standard of the regulated market on the
Frankfurt Stock Exchange on 11 April. A total of 6,325,000 Powerland shares
were placed in the IPO, of which 5,000,000 are from a cash capital increase. A
further 500,000 shares are from the holdings of the existing shareholders. The
additional 825,000 shares placed as part of the overallotment also came from
the holdings of the existing shareholders. The issue price was 15.00 and the
initial listing price 16.50.
19) Category Code:
Biotechnology
AURORA ALGAE A2
PRODUCT PORTFOLIO EQUALS SUSTAINABLE NUTRITION, ENERGY AND AQUACULTURE
Aurora Algae today
introduced the A2 product portfolio, a series of natural products derived from
its proprietary algae platform. The A2 product portfolio is uniquely
sustainable, scalable and flexible to address growing demand in the explosive
nutrition, aquaculture, pharmaceutical and energy markets.
20) Category Code:
Mobile/Wireless
RADISYS TO PRESENT
ON MOBILE NETWORK SECURITY CHALLENGES AT LTE SUMMIT 2011 INDIA
RadiSys
Corporation (NASDAQ:RSYS), a leading provider of innovative hardware and
software platforms for next generation IP-based wireless, wireline and video
networks, today announced that it will present at LTE Summit 2011, to be held
April 15, 2011 in Mumbai, India. LTE Summit 2011 will bring together industry
leaders to collaborate and discuss how Long Term Evolution (LTE) will boost
mobile broadband penetration in India. With the successful auction of 3G and
Broadband Wireless Access (BWA) spectrum, Indian operators are reviewing their
strategy and looking at the possibility of leapfrogging straight to 4G
technology.
21) Category Code:
Mobile/Wireless
NEW IPAD APP FOR
BLOOMBERG BUSINESSWEEK LAUNCHES TODAY IN APPLE APP STORE
Bloomberg
Businessweek today announced the launch of a new iPad app called Bloomberg
Businessweek+ (Plus) - the first app from a major business publication to use
Apple Inc.'s subscription offering. The app combines the magazine's fresh
perspective on global business news and market trends with exclusive content
and interactive features such as the latest market information and news on
companies mentioned in articles.
22) Category Code:
Insurance
A.M. BEST AFFIRMS
RATINGS OF AGEAS INSURANCE COMPANY (ASIA) LIMITED
A.M. Best Co. has
affirmed the financial strength rating of A- (Excellent) and issuer credit
rating of "a-" of Ageas Insurance Company (Asia) Limited (Ageas)
(headquartered in Hong Kong). The outlook for both ratings is stable.
23) Category Code:
Other Technology
HP'S HEAD OF CLOUD
INFRASTRUCTURE, STEVE DIETCH BRINGS US BACK TO EARTH AT NETEVENTS APAC
"Business is
just outrunning IT like the bejeebers right now" warned Steve Dietch, Vice
President - HP Cloud Infrastructure, at NetEvents APAC Press Summit in
Malaysia, on Wednesday. "Everyone is talking Cloud, but where's the
reality?" - closing the first day's conference session, Dietch brought
things back to earth by mining HP's massive global customer base for real life
case studies from France, India and the United States. He also offered
practical advice on migrating to the Cloud from virtualization to private cloud
and hybrid solutions - a pragmatic, step-by-step approach:
24) Category Code:
Other Technology
RAMBUS TO DISCUSS
ADVANCING MEMORY INTERFACE PERFORMANCE AT INTEL DEVELOPER FORUM IN BEIJING
Join Rambus Inc.,
one of the world's premier technology licensing companies, at the Intel
Developer Forum (IDF) in Beijing. In addition to presenting a session on
advancing memory interface performance, Rambus will showcase live demos of
innovations from its Terabyte Bandwidth Initiative, DDR3 Memory Interface and
Mobile XDRT memory architecture.
25) Category Code:
Hardware
IBASE AND CONTEC
ANNOUNCE GLOBAL STRATEGIC ALLIANCE PARTNERSHIP
IBASE Technology
Inc. (TASDAQ:8050), a professional manufacturer of industrial computers for
mission critical applications, and CONTEC, a leading manufacturer of data
acquisition, PC-based and Ethernet-based I/O, and industrial PC, announced a
global strategic alliance to utilize each other's technical expertise in order
to provide high-end products to all the global industrial clients.
26) Category Code:
Hardware
USB-IF ANNOUNCES
FIRST CERTIFIED SUPERSPEED USB CHIPSETS
The USB
Implementers Forum (USB-IF) today announced the first certified SuperSpeed USB
(USB 3.0) chipsets. The A75 and A70M FCH chipsets from AMD represent a major
milestone for broad SuperSpeed USB adoption among manufacturers, as built-in
USB 3.0 support enables designers to seamlessly incorporate SuperSpeed USB into
their systems. Certification of AMD A75 and A70M FCH chipsets provides
assurance to manufacturers and consumers that the SuperSpeed USB chipsets are
interoperable and comply with the USB 3.0 specification.
27) Category Code:
Finance
BGC PARTNERS
BEIJING JOINT VENTURE GRANTED PRODUCT LICENSES
BGC Partners, Inc.
(NASDAQ: BGCP), ("BGC"), a leading global intermediary to the
wholesale financial markets, is pleased to announce that its money broking
joint venture, China Credit BGC Money Broking Company Limited ("China
Credit BGC"), has been granted product licenses approval by the People's
Bank of China to offer interest rate swaps, bonds and interbank cash deposits
products to Chinese and foreign banks in China.
28) Category Code:
Finance
GLOBAL BLUE
ENHANCES TESTING OF THEIR CURRENCY CHOICE PRODUCT WITH PARAGON SOLUTIONS
Global Blue, a
leading global service provider of VAT/GST refund and tax free shopping
services to international travelers, recently contracted with Paragon
Application Systems to develop a financial message simulator for their dynamic
currency conversion platform, Currency Choice. When making purchases abroad,
Currency Choice offers foreign tourists the opportunity to charge purchases in
their home currency and lock in the currency exchange rate at the time of the
transaction.
29) Category Code:
Maritime
INDUSTRIAL
AUCTIONEERS PURCHASE ODENSE STEEL SHIPYARD
Maynards Europe
GmbH and Hilco Industrial Europe (Hilco) today announced their purchase of the
equipment of the Odense Steel Shipyard (OSS) in Denmark, long known in the
industry as an innovative site for shipbuilding design and construction. A
wholly-owned subsidiary of AP Moller Maersk, OSS is the largest shipyard in
Europe and for decades has built some of the world's largest container vessels,
oil tankers and RO-RO ships. Please Note: The information in this Business Wire
e-mail message, and any files transmitted with it, is confidential and may be
legally privileged. It is intended only for the use of the individual(s) named
above. If you are the intended recipient, be aware that your use of any
confidential or personal information may be restricted by state and federal
privacy laws. If you, the reader of this message, are not the intended
recipient, you are hereby notified that you should not further disseminate,
distribute, or forward this e-mail message. If you have received this e-mail in
error, please notify the sender and delete the material from any computer.
ASIA PULSE RY
12-04 1335
CAMBRIOS CLEAROHM
FILM USED IN SMART PHONE
Asia Pulse Businesswire: 11 April 2011
[What follows is the full text of the news story.]
(Full text of a
statement. Contact details below.)
(BW)(CA-CAMBRIOS-TECHNOLOGIES)
Cambrios ClearOhm Film Used in Smart Phone
Technology Writers
SUNNYVALE,
Calif.--(BUSINESS WIRE) - Apr. 10, 2011-- Cambrios Technologies Corporation
announced today that its ClearOhm transparent conductive film has been
incorporated into the touch sensor of a leading smart phone. The touch sensor
and touch module solution were developed by Nissha Printing Co., Ltd. of Japan
and Synaptics Incorporated (NASDAQ: SYNA), respectively, and mark the first
commercial implementation of Cambrios ClearOhm in place of indium tin oxide
(ITO).
"For decades,
the only transparent electrode material used for high quality display-related
applications was the ceramic material ITO," said Michael Knapp, Cambrios
president and CEO. "ClearOhm material is based on metal nano-wires, not a
ceramic like ITO. It makes use of a completely different, highly manufacturable
material for creating transparent, conductive films. ClearOhm material's
deployment as part of this phone marks the first step towards its adoption as a
higher performance and lower cost alternative material for consumer electronic
devices."
"Cambrios
first attracted my attention in 2008, and I have enjoyed working with them to
align their development efforts with our advanced touch systems design and
engineering activities," said Bob Mackey, senior scientist with Synaptics.
"Cambrios' development efforts embody world class research and development
methodologies, and ClearOhm material was heavily studied and characterized with
real world conditions and manufacturing methodologies in mind."
About Cambrios
Cambrios is an
electronic materials company that develops proprietary, competitive products
using nanotechnology. Cambrios implements its novel technology to simplify electronics
manufacturing processes, improve end-product performance and identify ways to
satisfy unmet industry needs. The company's first product is ClearOhm coating
material that produces a transparent, conductive film by wet processing.
ClearOhm films have improved properties by comparison to currently used
materials such as indium tin oxide and other transparent conductive oxides.
Applications of
ClearOhm coating material include transparent electrodes for touch screens,
liquid crystal displays, e-paper, OLED devices, and thin film photovoltaics.
About Synaptics
Synaptics (NASDAQ:
SYNA) is a leading developer of human interface solutions for the mobile
computing, communications, and entertainment industries. The company creates
interface solutions for a variety of devices including notebook PCs, PC
peripherals, digital music players, and mobile phones. The TouchPad, Synaptics'
flagship product, is integrated into a majority of today's notebook computers.
Consumer electronics and computing manufacturers use Synaptics' solutions to
enrich the interaction between humans and intelligent devices through improved
usability, functionality, and industrial design. The company is headquartered
in Santa Clara, Calif. www.synaptics.comAbout Nissha Nissha is providing valuable
products and services to its customers and society at large through proprietary
technologies developed based on printing as its core area of business. Nissha
was founded in Kyoto, Japan, in 1929 with the aim of "creating a company
that specializes, at an unparalleled level, in sophisticated photographic
printing rather than the more commonplace typesetting". Based on this
founding principle, Nissha gradually expanded business activities by applying
the technical expertise it acquired in the field of artistic printing to
various other fields. Currently, Nissha conducts operations in three business
fields Industrial Materials, Input Devices, Information and Communication.
www.nissha.co.jp
Cambrios
Missy Bindseil,
830-237-9527 mbindseil@cambrios.com
KEYWORD: United
States Asia Pacific North America California Japan
INDUSTRY KEYWORD:
Technology Consumer Electronics Nanotechnology Semiconductor Mobile/Wireless
Manufacturing Chemicals/Plastics Engineering
CATEGORY KEYWORD:
Product/Service
Source: Cambrios
Technologies Corporation
Copyright Business
Wire 2011
ASIA PULSE nt
11-04 1407
Cambrios
ClearOhm� Film Used in Smart Phone
Business Wire: 06 April 2011
[What follows is the full text of the news story.]
SUNNYVALE,
Calif.--(BUSINESS WIRE)-- Cambrios Technologies Corporation announced today
that its ClearOhm� transparent conductive film has been incorporated into the
touch sensor of a leading smart phone. The touch sensor and touch module
solution were developed by Nissha Printing Co., Ltd. of Japan and Synaptics
Incorporated (NASDAQ: SYNA), respectively, and mark the first commercial
implementation of Cambrios ClearOhm in place of indium tin oxide (ITO).
�For decades,
the only transparent electrode material used for high quality display-related
applications was the ceramic material ITO,� said Michael Knapp, Cambrios
president and CEO. �ClearOhm material is based on metal nano-wires, not a
ceramic like ITO. It makes use of a completely different, highly manufacturable
material for creating transparent, conductive films. ClearOhm material�s
deployment as part of this phone marks the first step towards its adoption as a
higher performance and lower cost alternative material for consumer electronic
devices.�
�Cambrios first
attracted my attention in 2008, and I have enjoyed working with them to align
their development efforts with our advanced touch systems design and
engineering activities,� said Bob Mackey, senior scientist with Synaptics.
�Cambrios� development efforts embody world class research and development
methodologies, and ClearOhm material was heavily studied and characterized with
real world conditions and manufacturing methodologies in mind.�
About Cambrios
Cambrios is an
electronic materials company that develops proprietary, competitive products
using nanotechnology. Cambrios implements its novel technology to simplify
electronics manufacturing processes, improve end-product performance and
identify ways to satisfy unmet industry needs. The company�s first product is
ClearOhm coating material that produces a transparent, conductive film by wet
processing. ClearOhm films have improved properties by comparison to currently
used materials such as indium tin oxide and other transparent conductive
oxides. Applications of ClearOhm coating material include transparent
electrodes for touch screens, liquid crystal displays, e-paper, OLED devices,
and thin film photovoltaics.
About Synaptics
Synaptics (NASDAQ:
SYNA) is a leading developer of human interface solutions for the mobile computing,
communications, and entertainment industries. The company creates interface
solutions for a variety of devices including notebook PCs, PC peripherals,
digital music players, and mobile phones. The TouchPad�, Synaptics�
flagship product, is integrated into a majority of today's notebook computers.
Consumer electronics and computing manufacturers use Synaptics' solutions to
enrich the interaction between humans and intelligent devices through improved
usability, functionality, and industrial design. The company is headquartered
in Santa Clara, Calif.www.synaptics.com
About Nissha
Nissha is
providing valuable products and services to its customers and society at large
through proprietary technologies developed based on printing as its core area
of business. Nissha was founded in Kyoto, Japan, in 1929 with the aim of
"creating a company that specializes, at an unparalleled level, in
sophisticated photographic printing rather than the more commonplace
typesetting�. Based on this founding principle, Nissha gradually expanded
business activities by applying the technical expertise it acquired in the
field of artistic printing to various other fields. Currently, Nissha conducts
operations in three business fields�Industrial Materials, Input Devices, Information
and Communication. www.nissha.co.jp
Cambrios
Missy Bindseil, 830-237-9527
mbindseil@cambrios.com
Source: Cambrios
Technologies Corporation
|
Cambrios Supplies ClearOhm Film for Smartphones |
|
|
|
|
|
Professional
Services Close-Up |
|
|
[What follows is
the full text of the article.] Cambrios
Technologies announced that its ClearOhm transparent conductive film has been
incorporated into the touch sensor of a smart phone. The touch sensor
and touch module solution were developed by Nissha Printing of Japan and
Synaptics, respectively, and mark the first commercial implementation of
Cambrios ClearOhm in place of indium tin oxide (ITO). "For
decades, the only transparent electrode material used for high quality
display-related applications was the ceramic material ITO," said Michael
Knapp, Cambrios president and CEO. "ClearOhm material is based on metal
nano-wires, not a ceramic like ITO. It makes use of a completely different,
highly manufacturable material for creating transparent, conductive films.
ClearOhm material's deployment as part of this phone marks the first step
towards its adoption as a higher performance and lower cost alternative
material for consumer electronic devices." "Cambrios
first attracted my attention in 2008, and I have enjoyed working with them to
align their development efforts with our advanced touch systems design and
engineering activities," said Bob Mackey, senior scientist with
Synaptics. "Cambrios' development efforts embody world class research
and development methodologies, and ClearOhm material was heavily studied and
characterized with real world conditions and manufacturing methodologies in
mind." Cambrios is an
electronic materials company that develops proprietary, competitive products
using nanotechnology. Cambrios implements its novel technology to streamline
electronics manufacturing processes, improve end-product performance and
identify ways to satisfy unmet industry needs. The company's first product is
ClearOhm coating material that produces a transparent, conductive film by wet
processing. ClearOhm films have improved properties by comparison to
currently used materials such as indium tin oxide and other transparent
conductive oxides. Applications of ClearOhm coating material include
transparent electrodes for touch screens, liquid crystal displays, e-paper,
OLED devices, and thin film photovoltaics. Synaptics is a
developer of human interface solutions for the mobile computing,
communications, and entertainment industries. The company creates interface
solutions for a variety of devices including notebook PCs, PC peripherals,
digital music players, and mobile phones. The TouchPad, Synaptics' flagship
product, is integrated into a majority of notebook computers. Consumer
electronics and computing manufacturers use Synaptics' solutions to enrich
the interaction between humans and intelligent devices through improved
usability, functionality, and industrial design. Nissha is
providing products and services to its customers and society at large through
proprietary technologies developed based on printing as its core area of
business. ((Comments on
this story may be sent to newsdesk@closeupmedia.com))
|
|
Cambrios Provides ClearOhm Film for Smartphones |
|
|
|
|
|
Manufacturing
Close-Up |
|
|
[What follows is
the full text of the article.] Cambrios
Technologies announced that its ClearOhm transparent conductive film has been
incorporated into the touch sensor of a smart phone. The touch sensor
and touch module solution were developed by Nissha Printing of Japan and
Synaptics, respectively, and mark the first commercial implementation of
Cambrios ClearOhm in place of indium tin oxide (ITO). "For
decades, the only transparent electrode material used for high quality
display-related applications was the ceramic material ITO," said Michael
Knapp, Cambrios president and CEO. "ClearOhm material is based on metal
nano-wires, not a ceramic like ITO. It makes use of a completely different,
highly manufacturable material for creating transparent, conductive films.
ClearOhm material's deployment as part of this phone marks the first step
towards its adoption as a higher performance and lower cost alternative
material for consumer electronic devices." "Cambrios
first attracted my attention in 2008, and I have enjoyed working with them to
align their development efforts with our advanced touch systems design and
engineering activities," said Bob Mackey, senior scientist with
Synaptics. "Cambrios' development efforts embody world class research
and development methodologies, and ClearOhm material was heavily studied and
characterized with real world conditions and manufacturing methodologies in
mind." Cambrios is an
electronic materials company that develops proprietary, competitive products
using nanotechnology. Cambrios implements its novel technology to streamline
electronics manufacturing processes, improve end-product performance and
identify ways to satisfy unmet industry needs. The company's first product is
ClearOhm coating material that produces a transparent, conductive film by wet
processing. ClearOhm films have improved properties by comparison to
currently used materials such as indium tin oxide and other transparent
conductive oxides. Applications of ClearOhm coating material include
transparent electrodes for touch screens, liquid crystal displays, e-paper,
OLED devices, and thin film photovoltaics. Synaptics is a
developer of human interface solutions for the mobile computing,
communications, and entertainment industries. The company creates interface
solutions for a variety of devices including notebook PCs, PC peripherals,
digital music players, and mobile phones. The TouchPad, Synaptics' flagship
product, is integrated into a majority of notebook computers. Consumer
electronics and computing manufacturers use Synaptics' solutions to enrich
the interaction between humans and intelligent devices through improved
usability, functionality, and industrial design. Nissha is
providing products and services to its customers and society at large through
proprietary technologies developed based on printing as its core area of
business. ((Comments on
this story may be sent to newsdesk@closeupmedia.com))
|
|
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UNITED STATES : Cambrios ClearOhm Film Used in Smart Phone |
|
|
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|
|
TendersInfo News |
|
|
[What follows is
the full text of the article.] Cambrios
Technologies Corporation announced today that its ClearOhm transparent
conductive film has been incorporated into the touch sensor of a leading smart
phone. The touch sensor and touch module solution were developed by Nissha
Printing Co., Ltd. of Japan and Synaptics Incorporated, respectively, and
mark the first commercial implementation of Cambrios ClearOhm in place of
indium tin oxide (ITO). For decades, the
only transparent electrode material used for high quality display-related
applications was the ceramic material, ITO, said Michael Knapp, Cambrios
president and CEO. ClearOhm material is based on metal nano-wires, not a
ceramic like ITO. It makes use of a completely different, highly
manufacturable material for creating transparent, conductive films. ClearOhm
material s deployment as part of this phone marks the first step towards its
adoption as a higher performance and lower cost alternative material for
consumer electronic devices. Cambrios first
attracted my attention in 2008, and I have enjoyed working with them to align
their development efforts with our advanced touch systems design and
engineering activities, said Bob Mackey, senior scientist with Synaptics.
Cambrios development efforts embody world class research and development
methodologies, and ClearOhm material was heavily studied and characterized
with real world conditions and manufacturing methodologies in mind. About Cambrios :
Cambrios is an electronic materials company that develops proprietary,
competitive products using nanotechnology. Cambrios implements its novel
technology to simplify electronics manufacturing processes, improve
end-product performance and identify ways to satisfy unmet industry needs.
The company s first product is ClearOhm coating material that produces a
transparent, conductive film by wet processing. ClearOhm films have improved
properties by comparison to currently used materials such as indium tin oxide
and other transparent conductive oxides. Applications of ClearOhm coating
material include transparent electrodes for touch screens, liquid crystal
displays, e-paper, OLED devices, and thin film photovoltaics. About Synaptics
: Synaptics is a leading developer of human interface solutions for the
mobile computing, communications, and entertainment industries. The company
creates interface solutions for a variety of devices including notebook PCs,
PC peripherals, digital music players, and mobile phones. The TouchPad ,
Synaptics flagship product, is integrated into a majority of today's notebook
computers. Consumer electronics and computing manufacturers use Synaptics'
solutions to enrich the interaction between humans and intelligent devices
through improved usability, functionality, and industrial design. The company
is headquartered in Santa Clara, Calif. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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Nissha Printing Co. Ltd Files Patent Application for Lead Wire
Connection Method for Touch Panel |
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Indian Patent
News |
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[What follows is
the full text of the article.] New Delhi, April
4 -- Japan based Nissha Printing Co. Ltd filed patent application for lead
wire connection method for touch panel. The inventors are Nishikawa Kazuhiro,
Kai Yoshihiro and Nakamura Kazuto. Nissha Printing
Co. Ltd filed the patent application on July 9, 2007. The patent application
number is 2553/KOLNP/2007 A. The international classification number is H05K
3/36. According to the
Controller General of Patents, Designs & Trade Marks, "In a method
for connecting lead wires to a touch panel, the method includes the steps of
providing through holes 9a to 9d the number of which corresponds to the
number of electrode ends by perforation in a lower electrode plate 3; using a
metal-pin 11 having a pin-shaft l1b and a disk shaped pin-head lla with a
diameter larger than an outer diameter of the pin-shaft, inserting the
pin-shaft l1b into a metal-pin fixing hole formed corresponding to the
through hole 9a at a circuit 10c in a connector tail of a lead wire 10,
whereby the pin-shaft 11b is erectly provided on the connector tail of the
lead wire 10; and inserting the pin shafts l1b to 14b into the through holes
9a to 9d, and in addition, electrically connecting the pin-shaft inserted
into a lower electrode plate 3 through a conductive adhesive 15 to electrode
ends 6c, 7c, 6d, 7d." About the
Company Nissha deliver
solutions to business in Decorative Film, Touch Input, and General Printing
& Information Media. Copyright
Contify.com
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Nissha Printing Co. Ltd Files Patent Application for In-Mold
Decoration Apparatus and Horizontal Direction Decorating Sheet Feeding
Machine |
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Indian Patent
News |
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[What follows is
the full text of the article.] New Delhi, Feb.
26 -- Japan based Nissha Printing Co. Ltd filed patent application for
in-mold decoration apparatus and horizontal direction decorating sheet
feeding machine. The inventors are Itoh Tadahiro and Kawai Masao. Nissha Printing
Co. Ltd filed the patent application on Jan. 4, 2007. The patent application
number is 36/CHENP/2007 A. The international classification number is
B29C45/16. According to the
Controller General of Patents, Designs & Trade Marks, "An in-mold
decorating apparatus constructed so as to insert decoration sheet between
fixed mold and movable mold and to inject a molten resin into the molds so
that the decoration sheet is bonded to the surface of resin molding, which
in-mold decorating apparatus includes decoration sheet vertically
transferring means capable of vertically feeding and winding up decoration
sheet and decoration sheet horizontally transferring means capable of
horizontally feeding and winding up decoration sheet. The decoration sheet
transferring means can be installed even where the space for installation is
narrow." Nissha deliver
solutions to business in Decorative Film, Touch Input, and General Printing
& Information Media. Copyright Contify.com
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Stony Brook-based Applied DNA Sciences stamps out Japanese knockoffs |
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Long Island
Business News |
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[What follows is
the full text of the article.] A Long Island
firm is using DNA as a tool to fight against counterfeit laptop computers and
cell phones, which reportedly have caught on particularly quickly in Asia due
to technology that lets small firms churn out knockoffs. In what could
prove a major new use for DNA to authenticate products, Applied DNA Sciences
today said it partnered with a Japanese firm that would offer DNA markers in
parts used in electronics such as cell phones and laptops. The Stony
Brook-based company said Kyoto, Japan-based Nissha Printing Co. worked with
it to develop a way to use its DNA technology to authenticate plastics in
these devices. Nissha creates
molded plastic used for cell phones, computers, car interiors and electrical
appliances. DNA markers
known as SigNature DNA also could be used to identify counterfeit parts in a
wide range of electronic devices passed off as well known brands. Nissha Executive
Vice President Takao Hashimoto said the DNA fits in with the firm's efforts
to provide "products and services with the latest technology to meet the
global trends." Applied DNA CEO
James Hayward said his firm already is supplying Nissha with DNA
authentication markers that could find a big market in Asia, "where the
need to verify authentic products, particularly in the mobile phone, computer
and pharmaceutical space is highest." Knockoffs of
cell phones reportedly have caught on in Asia in particular, where they sell
for only a fraction of the cost of the brand. The New York
Times last year reported that Apple, Nokia, Motorola and Samsung knockoffs
have cropped up in large numbers in China. The publication
found hundreds of firms, some with fewer than a dozen employees, make these
"shanzhai" or counterfeit phones, which the Times said account for
more than 20 percent of cell phone sales in China. The Times found
these phones were being exported illegally to Europe, Russia, India, the
Middle East and sometimes the United States. In one effort to
prove parts are genuine, companies print images on plastic, but these can be
counterfeited. Applied DNA said
its authentication markers are durable, can be introduced as evidence in
court cases and can't be copied by counterfeiters. The firm said
Nissha chose Applied DNA's technology as a new option for parts
manufacturers, although Nissha hasn't yet signed on customers. Applied DNA's
technology already is being used to mark cash, wine and clothing labels and
textiles.
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Nissha Printing Co. Ltd Files Patent Application for Multiple
Reflection Panel |
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Indian Patent
News |
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[What follows is
the full text of the article.] New Delhi, Sept.
26 -- Japan based Nissha Printing Co. Ltd filed patent application for
multiple reflection panel. The inventors are Yoshikawa Kumiko and Hirobe
Nobuyasu. Nissha Printing
Co. Ltd filed the patent application on Jan. 28, 2008. The patent application
number is 453/CHENP/2008 A. The international classification number is
G02B17/00. According to the
Controller General of Patents, Designs & Trade Marks, "A first
membrane that reflects all visible light is formed on a back surface among
outer surfaces of a transparent member, a second membrane that reflects part
of visible light and transmits part of visible light is formed on at least a
position facing the first membrane on a front surface facing the back
surface, a subject to be reflected is provided in an area at least either on
an inner portion or the outer surface of the transparent member, a multiple
reflection image formed by the subject to be reflected being projected on the
first membrane and the second membrane is reflected a plurality of times
between the first membrane and the second membrane and becomes visible from
the front surface." Nissha deliver
solutions to business in Decorative Film, Touch Input, and General Printing
& Information Media. Copyright
Contify.com
|
|
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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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
Revenue |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
Total Revenue |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,223.7 |
1,093.2 |
967.5 |
637.2 |
540.4 |
|
Cost of Revenue, Total |
1,223.7 |
1,093.2 |
967.5 |
637.2 |
540.4 |
|
Gross Profit |
107.2 |
272.9 |
304.0 |
252.1 |
218.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
77.1 |
79.0 |
74.7 |
51.9 |
42.2 |
|
Labor & Related Expense |
71.4 |
66.1 |
60.7 |
47.5 |
42.7 |
|
Total Selling/General/Administrative Expenses |
148.4 |
145.1 |
135.5 |
99.4 |
84.9 |
|
Depreciation |
16.5 |
6.7 |
6.2 |
6.1 |
2.4 |
|
Amortization of Acquisition Costs |
- |
- |
- |
- |
0.2 |
|
Depreciation/Amortization |
16.5 |
6.7 |
6.2 |
6.1 |
2.7 |
|
Impairment-Assets Held for Use |
1.9 |
0.6 |
0.0 |
1.8 |
0.0 |
|
Impairment-Assets Held for Sale |
2.3 |
4.2 |
3.4 |
3.0 |
1.4 |
|
Other Unusual Expense (Income) |
-3.2 |
-2.9 |
-0.2 |
-15.8 |
-7.3 |
|
Unusual Expense (Income) |
1.0 |
1.9 |
3.1 |
-11.0 |
-5.9 |
|
Total Operating Expense |
1,389.7 |
1,246.9 |
1,112.4 |
731.6 |
622.1 |
|
|
|
|
|
|
|
|
Operating Income |
-58.7 |
119.2 |
159.1 |
157.7 |
136.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.8 |
-2.1 |
-1.8 |
-1.6 |
-1.3 |
|
Interest Expense, Net Non-Operating |
-1.8 |
-2.1 |
-1.8 |
-1.6 |
-1.3 |
|
Interest Income -
Non-Operating |
0.8 |
1.0 |
2.2 |
2.4 |
1.7 |
|
Investment Income -
Non-Operating |
13.6 |
6.8 |
-7.3 |
-9.9 |
7.9 |
|
Interest/Investment Income - Non-Operating |
14.4 |
7.9 |
-5.1 |
-7.5 |
9.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
12.6 |
5.7 |
-6.9 |
-9.2 |
8.3 |
|
Gain (Loss) on Sale of Assets |
-0.5 |
-1.9 |
0.2 |
3.0 |
-0.3 |
|
Other Non-Operating Income (Expense) |
2.3 |
4.5 |
2.2 |
1.8 |
1.8 |
|
Other, Net |
2.3 |
4.5 |
2.2 |
1.8 |
1.8 |
|
Income Before Tax |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
-15.3 |
52.8 |
68.2 |
63.5 |
65.3 |
|
Income After Tax |
-28.9 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Basic EPS Excl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Basic/Primary EPS Incl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Diluted Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Diluted EPS Excl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Diluted EPS Incl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Dividends per Share - Common Stock Primary Issue |
0.53 |
0.48 |
0.45 |
0.39 |
0.34 |
|
Gross Dividends - Common Stock |
22.5 |
20.9 |
19.3 |
17.0 |
14.8 |
|
Interest Expense, Supplemental |
1.8 |
2.1 |
1.8 |
1.6 |
1.3 |
|
Depreciation, Supplemental |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Total Special Items |
2.1 |
4.5 |
3.5 |
-14.0 |
-5.4 |
|
Normalized Income Before Tax |
-42.2 |
131.9 |
158.1 |
139.3 |
141.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.5 |
1.6 |
1.3 |
-5.8 |
-2.5 |
|
Inc Tax Ex Impact of Sp Items |
-14.8 |
54.5 |
69.5 |
57.7 |
62.8 |
|
Normalized Income After Tax |
-27.4 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-27.2 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Diluted Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Amort of Acquisition Costs, Supplemental |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Rental Expenses |
4.4 |
4.6 |
4.4 |
3.9 |
3.3 |
|
Research & Development Exp, Supplemental |
28.9 |
28.0 |
13.6 |
8.9 |
6.3 |
|
Reported Operating Profit |
-57.7 |
121.1 |
162.2 |
146.7 |
130.7 |
|
Reported Ordinary Profit |
-63.0 |
129.8 |
154.2 |
136.3 |
139.5 |
|
Normalized EBIT |
-57.7 |
121.1 |
162.3 |
146.7 |
130.7 |
|
Normalized EBITDA |
63.6 |
220.0 |
241.4 |
188.8 |
158.3 |
|
Interest Cost - Domestic |
1.8 |
1.6 |
1.6 |
1.4 |
1.4 |
|
Service Cost - Domestic |
5.6 |
4.5 |
3.8 |
3.7 |
3.3 |
|
Prior Service Cost - Domestic |
-0.3 |
-0.3 |
-0.3 |
0.0 |
- |
|
Expected Return on Assets - Domestic |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Actuarial Gains and Losses - Domestic |
0.5 |
0.4 |
0.3 |
0.5 |
0.5 |
|
Domestic Pension Plan Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Total Pension Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
Total Plan Interest Cost |
1.8 |
1.6 |
1.6 |
1.4 |
1.4 |
|
Total Plan Service Cost |
5.6 |
4.5 |
3.8 |
3.7 |
3.3 |
|
Total Plan Expected Return |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
218.5 |
283.4 |
241.9 |
241.2 |
175.8 |
|
Short Term Investments |
- |
0.0 |
7.0 |
37.2 |
42.4 |
|
Cash and Short Term Investments |
218.5 |
283.4 |
249.0 |
278.4 |
218.2 |
|
Accounts Receivable -
Trade, Gross |
305.8 |
274.6 |
279.5 |
280.0 |
208.3 |
|
Provision for Doubtful
Accounts |
-2.7 |
-3.4 |
-3.4 |
-2.6 |
-14.8 |
|
Trade Accounts Receivable - Net |
303.2 |
271.2 |
276.2 |
277.4 |
193.6 |
|
Other Receivables |
35.2 |
33.0 |
33.3 |
15.3 |
- |
|
Total Receivables, Net |
338.4 |
304.2 |
309.5 |
292.7 |
193.6 |
|
Inventories - Finished Goods |
80.6 |
34.2 |
44.4 |
36.1 |
- |
|
Inventories - Work In Progress |
64.4 |
86.1 |
84.3 |
84.3 |
- |
|
Inventories - Raw Materials |
38.7 |
26.5 |
24.4 |
17.5 |
- |
|
Total Inventory |
183.8 |
146.8 |
153.1 |
138.0 |
99.4 |
|
Deferred Income Tax - Current Asset |
27.5 |
20.1 |
28.0 |
14.8 |
17.8 |
|
Other Current Assets |
38.1 |
16.1 |
10.9 |
7.6 |
16.6 |
|
Other Current Assets, Total |
65.6 |
36.2 |
38.9 |
22.4 |
34.4 |
|
Total Current Assets |
806.3 |
770.6 |
750.4 |
731.5 |
545.5 |
|
|
|
|
|
|
|
|
Buildings |
460.1 |
404.6 |
303.9 |
220.5 |
179.7 |
|
Land/Improvements |
94.5 |
87.7 |
81.7 |
66.0 |
47.3 |
|
Machinery/Equipment |
545.1 |
474.9 |
443.0 |
303.0 |
244.6 |
|
Construction in Progress |
19.1 |
7.2 |
11.9 |
60.9 |
5.3 |
|
Leases |
49.7 |
1.2 |
0.4 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
1,168.6 |
975.6 |
841.0 |
650.4 |
477.0 |
|
Accumulated Depreciation |
-523.7 |
-391.2 |
-318.8 |
-255.9 |
-205.7 |
|
Property/Plant/Equipment - Net |
644.9 |
584.4 |
522.2 |
394.5 |
271.3 |
|
Goodwill, Net |
1.4 |
1.9 |
2.4 |
2.9 |
- |
|
Intangibles, Net |
65.7 |
54.6 |
29.3 |
9.9 |
2.5 |
|
LT Investments - Other |
116.8 |
165.9 |
135.8 |
231.1 |
216.0 |
|
Long Term Investments |
116.8 |
165.9 |
135.8 |
231.1 |
216.0 |
|
Deferred Income Tax - Long Term Asset |
57.6 |
26.9 |
24.0 |
17.9 |
5.7 |
|
Other Long Term Assets |
32.0 |
33.8 |
42.2 |
42.3 |
32.5 |
|
Other Long Term Assets, Total |
89.5 |
60.7 |
66.2 |
60.2 |
38.1 |
|
Total Assets |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
269.8 |
286.3 |
236.7 |
185.3 |
145.6 |
|
Accrued Expenses |
36.5 |
34.9 |
32.5 |
31.6 |
22.6 |
|
Notes Payable/Short Term Debt |
268.4 |
142.8 |
164.0 |
74.6 |
61.0 |
|
Current Portion - Long Term Debt/Capital Leases |
9.1 |
75.9 |
1.0 |
38.2 |
0.5 |
|
Income Taxes Payable |
2.3 |
15.6 |
47.0 |
35.2 |
27.3 |
|
Deferred Income Tax - Current Liability |
- |
- |
0.0 |
0.1 |
0.0 |
|
Other Current Liabilities |
14.4 |
14.0 |
9.9 |
30.5 |
18.8 |
|
Other Current liabilities, Total |
16.7 |
29.6 |
56.8 |
65.8 |
46.0 |
|
Total Current Liabilities |
600.5 |
569.5 |
491.0 |
395.6 |
275.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
0.6 |
2.8 |
70.9 |
70.3 |
84.7 |
|
Capital Lease Obligations |
37.3 |
0.7 |
0.2 |
0.0 |
- |
|
Total Long Term Debt |
37.9 |
3.6 |
71.1 |
70.3 |
84.7 |
|
Total Debt |
315.4 |
222.3 |
236.2 |
183.2 |
146.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
30.6 |
38.7 |
33.1 |
59.1 |
24.1 |
|
Deferred Income Tax |
30.6 |
38.7 |
33.1 |
59.1 |
24.1 |
|
Minority Interest |
0.0 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Pension Benefits - Underfunded |
75.6 |
68.7 |
65.6 |
65.6 |
62.1 |
|
Other Long Term Liabilities |
9.9 |
8.4 |
12.5 |
13.2 |
2.2 |
|
Other Liabilities, Total |
85.5 |
77.2 |
78.2 |
78.8 |
64.3 |
|
Total Liabilities |
754.6 |
689.1 |
673.7 |
603.9 |
448.9 |
|
|
|
|
|
|
|
|
Common Stock |
68.6 |
60.8 |
57.5 |
57.1 |
48.1 |
|
Common Stock |
68.6 |
60.8 |
57.5 |
57.1 |
48.1 |
|
Additional Paid-In Capital |
88.7 |
78.7 |
74.5 |
73.9 |
62.3 |
|
Retained Earnings (Accumulated Deficit) |
816.6 |
771.4 |
679.3 |
607.4 |
440.7 |
|
Treasury Stock - Common |
-35.3 |
-24.8 |
-23.4 |
-23.0 |
-19.3 |
|
Unrealized Gain (Loss) |
53.2 |
75.1 |
58.6 |
106.5 |
89.0 |
|
Translation Adjustment |
-21.8 |
-12.2 |
-13.9 |
4.3 |
3.7 |
|
Other Equity, Total |
-21.8 |
-12.2 |
-13.9 |
4.3 |
3.7 |
|
Total Equity |
970.0 |
949.1 |
832.7 |
826.2 |
624.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Total Common Shares Outstanding |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Treasury Shares - Common Stock Primary Issue |
2.1 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Employees |
4,121 |
3,728 |
3,631 |
3,126 |
2,534 |
|
Number of Common Shareholders |
13,129 |
11,690 |
6,403 |
3,689 |
5,750 |
|
Total Long Term Debt, Supplemental |
2.1 |
78.5 |
75.8 |
112.2 |
2.3 |
|
Long Term Debt Maturing within 1 Year |
1.5 |
75.7 |
0.9 |
38.2 |
0.5 |
|
Long Term Debt Maturing in Year 2 |
0.6 |
2.3 |
72.8 |
1.4 |
0.8 |
|
Long Term Debt Maturing in Year 3 |
- |
0.5 |
1.8 |
71.2 |
0.3 |
|
Long Term Debt Maturing in Year 4 |
- |
0.0 |
0.1 |
1.0 |
0.2 |
|
Long Term Debt Maturing in Year 5 |
- |
0.0 |
0.1 |
0.1 |
0.2 |
|
Long Term Debt Maturing in 2-3 Years |
0.6 |
2.8 |
74.6 |
72.5 |
1.1 |
|
Long Term Debt Maturing in 4-5 Years |
- |
0.0 |
0.3 |
1.2 |
0.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.1 |
0.2 |
0.3 |
|
Total Capital Leases, Supplemental |
44.9 |
1.0 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
7.6 |
0.3 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
7.5 |
0.2 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
7.4 |
0.2 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
7.3 |
0.1 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
7.2 |
0.1 |
0.0 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
14.9 |
0.5 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
14.5 |
0.2 |
0.1 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
7.9 |
0.1 |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
91.9 |
81.9 |
76.8 |
79.1 |
68.3 |
|
Plan Assets - Domestic |
18.2 |
15.2 |
13.4 |
13.3 |
11.4 |
|
Funded Status - Domestic |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Total Funded Status |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
Accrued Liabilities - Domestic |
-75.6 |
-68.7 |
-65.6 |
-65.6 |
-53.9 |
|
Other Assets, Net - Domestic |
-1.9 |
-2.1 |
-2.2 |
0.2 |
2.9 |
|
Net Assets Recognized on Balance Sheet |
-77.6 |
-70.8 |
-67.9 |
-65.4 |
-51.0 |
|
Total Plan Obligations |
91.9 |
81.9 |
76.8 |
79.1 |
68.3 |
|
Total Plan Assets |
18.2 |
15.2 |
13.4 |
13.3 |
11.4 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
Depreciation |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Depreciation/Depletion |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Amortization of Acquisition Costs |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Amortization |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Unusual Items |
-15.0 |
5.9 |
2.9 |
-1.3 |
-0.4 |
|
Other Non-Cash Items |
-5.8 |
-7.7 |
5.7 |
-9.2 |
-9.6 |
|
Non-Cash Items |
-20.8 |
-1.8 |
8.5 |
-10.5 |
-10.0 |
|
Accounts Receivable |
0.0 |
22.3 |
-16.0 |
-22.5 |
-10.1 |
|
Inventories |
-19.4 |
15.8 |
-17.6 |
-13.9 |
-27.9 |
|
Accounts Payable |
-15.2 |
14.9 |
57.8 |
11.1 |
14.8 |
|
Accrued Expenses |
-2.4 |
-1.9 |
3.3 |
1.3 |
0.1 |
|
Other Operating Cash Flow |
-27.8 |
-75.5 |
-100.4 |
-59.2 |
-76.2 |
|
Changes in Working Capital |
-64.7 |
-24.4 |
-72.7 |
-83.1 |
-99.3 |
|
Cash from Operating Activities |
-8.4 |
200.1 |
169.6 |
101.9 |
64.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-101.0 |
-130.0 |
-225.5 |
-91.9 |
-89.2 |
|
Purchase/Acquisition of Intangibles |
-18.6 |
-24.6 |
0.0 |
- |
- |
|
Capital Expenditures |
-119.6 |
-154.6 |
-225.5 |
-91.9 |
-89.2 |
|
Acquisition of Business |
- |
- |
0.0 |
-15.9 |
0.0 |
|
Sale of Fixed Assets |
7.5 |
2.2 |
1.6 |
6.4 |
0.8 |
|
Sale/Maturity of Investment |
34.4 |
24.7 |
72.5 |
108.5 |
34.6 |
|
Investment, Net |
- |
0.0 |
-20.0 |
-6.6 |
-1.6 |
|
Purchase of Investments |
-0.4 |
-10.5 |
-28.8 |
-4.0 |
-21.0 |
|
Sale of Intangible Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Investing Cash Flow |
0.2 |
0.0 |
0.2 |
5.3 |
0.5 |
|
Other Investing Cash Flow Items, Total |
41.7 |
16.5 |
25.5 |
93.7 |
13.2 |
|
Cash from Investing Activities |
-77.9 |
-138.2 |
-200.0 |
1.8 |
-76.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
0.0 |
0.2 |
0.0 |
- |
|
Financing Cash Flow Items |
- |
0.0 |
0.2 |
0.0 |
- |
|
Cash Dividends Paid - Common |
-22.6 |
-20.9 |
-20.4 |
-16.2 |
-14.4 |
|
Total Cash Dividends Paid |
-22.6 |
-20.9 |
-20.4 |
-16.2 |
-14.4 |
|
Common Stock, Net |
-7.1 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
|
Issuance (Retirement) of Stock, Net |
-7.1 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
|
Short Term Debt, Net |
115.4 |
-14.5 |
100.8 |
-5.6 |
8.5 |
|
Long Term Debt Issued |
- |
0.0 |
3.6 |
10.0 |
0.9 |
|
Long Term Debt
Reduction |
-90.1 |
-1.9 |
-37.3 |
-2.1 |
-1.5 |
|
Long Term Debt, Net |
-90.1 |
-1.9 |
-33.7 |
7.8 |
-0.7 |
|
Issuance (Retirement) of Debt, Net |
25.3 |
-16.4 |
67.2 |
2.2 |
7.8 |
|
Cash from Financing Activities |
-4.4 |
-37.3 |
46.8 |
-14.1 |
-6.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-6.9 |
4.5 |
-18.1 |
-6.9 |
1.9 |
|
Net Change in Cash |
-97.6 |
29.2 |
-1.8 |
82.7 |
-16.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
297.3 |
244.9 |
228.3 |
118.0 |
131.4 |
|
Net Cash - Ending Balance |
199.6 |
274.1 |
226.5 |
200.7 |
115.3 |
|
Cash Interest Paid |
1.9 |
2.2 |
1.8 |
1.6 |
1.3 |
|
Cash Taxes Paid |
26.2 |
89.8 |
69.4 |
56.8 |
68.9 |
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
Total Revenue |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
|
|
|
|
|
|
|
Cost of sales |
1,223.7 |
1,093.2 |
967.5 |
637.2 |
540.4 |
|
Director's remuneration |
2.9 |
2.9 |
2.8 |
2.5 |
2.3 |
|
Payrolls |
43.6 |
39.8 |
35.6 |
27.2 |
25.4 |
|
Bonuses |
7.4 |
6.4 |
5.2 |
4.3 |
3.8 |
|
Welfare expenses |
10.4 |
9.0 |
8.1 |
6.6 |
5.1 |
|
Depreciation |
16.5 |
6.7 |
6.2 |
6.1 |
2.4 |
|
Provision for doubtful accounts(SGA) |
1.5 |
1.5 |
9.7 |
0.9 |
0.7 |
|
Provision for bonuses |
4.1 |
5.3 |
6.3 |
4.0 |
3.2 |
|
Provision for directors' bonuses |
0.7 |
0.7 |
0.9 |
0.8 |
0.8 |
|
Periodic retirement benefit costs |
2.3 |
2.0 |
1.9 |
2.1 |
1.9 |
|
Reserve for officers retirement |
- |
- |
- |
- |
0.2 |
|
Rent |
4.4 |
4.6 |
4.4 |
3.9 |
3.3 |
|
Packing & freight-out costs |
16.6 |
16.8 |
17.2 |
15.4 |
12.5 |
|
Amort. of consol differences(SGA) |
- |
- |
- |
- |
0.2 |
|
Other SGA |
54.6 |
56.0 |
43.5 |
31.8 |
25.7 |
|
SP Rev-Allow Doubt Acc. |
-2.1 |
-1.9 |
-0.2 |
-13.8 |
-7.3 |
|
SP Reversal-directors' retirement |
- |
- |
0.0 |
-0.2 |
0.0 |
|
SP Reversal-directors' bonus |
-0.1 |
-0.4 |
0.0 |
- |
- |
|
SP Government subsidies |
-2.0 |
-0.6 |
0.0 |
-1.8 |
0.0 |
|
Impairment Loss |
- |
- |
- |
- |
0.0 |
|
SP Loss on valuation of debt securities |
0.0 |
2.7 |
0.0 |
- |
- |
|
SP L on deduction fixed assets |
1.9 |
0.6 |
0.0 |
1.8 |
0.0 |
|
SP L on adj for changes of acct assets |
0.9 |
0.0 |
- |
- |
- |
|
NOP Loss Val Inv.Secs. |
2.3 |
1.5 |
3.4 |
3.0 |
1.4 |
|
Total Operating Expense |
1,389.7 |
1,246.9 |
1,112.4 |
731.6 |
622.1 |
|
|
|
|
|
|
|
|
SP Gain Sale Fix.Assets |
2.6 |
0.1 |
1.4 |
4.2 |
0.5 |
|
SP G on sales of investment securities |
17.8 |
0.0 |
- |
- |
- |
|
SP L. Sale/Retire Fixed Asset |
-3.0 |
-1.8 |
-1.2 |
-1.2 |
-0.7 |
|
SP Loss-liquidation of affiliates |
0.0 |
-0.3 |
0.0 |
- |
- |
|
NOP Interest Income |
0.8 |
1.0 |
2.2 |
2.4 |
1.7 |
|
NOP Dividend Income |
4.0 |
4.4 |
6.5 |
3.3 |
2.1 |
|
NOP Gain sale investment sec |
- |
0.0 |
0.5 |
1.3 |
2.1 |
|
Exchange Gain |
0.0 |
2.4 |
0.0 |
0.0 |
3.8 |
|
NOP Equipment Rent Income |
0.0 |
1.7 |
0.0 |
- |
- |
|
NOP Other Income |
3.6 |
3.5 |
3.1 |
2.5 |
2.4 |
|
NOP Interest Expenses |
-1.8 |
-2.1 |
-1.8 |
-1.6 |
-1.3 |
|
NOP Loss Sale Inv.Secs. |
- |
0.0 |
-0.3 |
0.0 |
0.0 |
|
NOP Exchange Loss |
-8.3 |
0.0 |
-14.1 |
-14.5 |
0.0 |
|
NOP Other Expensses |
-1.3 |
-0.7 |
-0.9 |
-0.7 |
-0.6 |
|
Net Income Before Taxes |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-15.3 |
52.8 |
68.2 |
63.5 |
65.3 |
|
Net Income After Taxes |
-28.9 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Directors' Bonuses |
- |
- |
- |
- |
0.0 |
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Basic EPS Including ExtraOrdinary Item |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Diluted Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Diluted EPS Including ExtraOrd Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
DPS-Common Stock |
0.53 |
0.48 |
0.45 |
0.39 |
0.34 |
|
Gross Dividends - Common Stock |
22.5 |
20.9 |
19.3 |
17.0 |
14.8 |
|
Normalized Income Before Taxes |
-42.2 |
131.9 |
158.1 |
139.3 |
141.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-14.8 |
54.5 |
69.5 |
57.7 |
62.8 |
|
Normalized Income After Taxes |
-27.4 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-27.2 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Diluted Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Interest Expense |
1.8 |
2.1 |
1.8 |
1.6 |
1.3 |
|
Amort of Goodwill |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Rental Expenses |
4.4 |
4.6 |
4.4 |
3.9 |
3.3 |
|
Research & Development Expenses |
28.9 |
28.0 |
13.6 |
8.9 |
6.3 |
|
Depreciation |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Reported operating profit |
-57.7 |
121.1 |
162.2 |
146.7 |
130.7 |
|
Reported ordinary profit |
-63.0 |
129.8 |
154.2 |
136.3 |
139.5 |
|
Service cost |
5.6 |
4.5 |
3.8 |
3.7 |
3.3 |
|
Interest cost |
1.8 |
1.6 |
1.6 |
1.4 |
1.4 |
|
Expected return on plan asset |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Actuarial G/L |
0.5 |
0.4 |
0.3 |
0.5 |
0.5 |
|
Prior Service Cost |
-0.3 |
-0.3 |
-0.3 |
0.0 |
- |
|
Domestic Pension Plan Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Total Pension Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
218.5 |
283.4 |
241.9 |
241.2 |
175.8 |
|
Acc.& Note Rcvbl |
305.8 |
274.6 |
279.5 |
280.0 |
208.3 |
|
Marketable Secs. |
- |
0.0 |
7.0 |
37.2 |
42.4 |
|
Inventories |
- |
- |
- |
- |
99.4 |
|
Inventories - merchandise&finished goods |
80.6 |
34.2 |
44.4 |
36.1 |
- |
|
Inventories - work-in-process |
64.4 |
86.1 |
84.3 |
84.3 |
- |
|
Inventories - raw materials & supplies |
38.7 |
26.5 |
24.4 |
17.5 |
- |
|
Deferred Inc Tax |
27.5 |
20.1 |
28.0 |
14.8 |
17.8 |
|
Sales tax receivable |
35.2 |
33.0 |
33.3 |
15.3 |
- |
|
Other Cur. Asset |
38.1 |
16.1 |
10.9 |
7.6 |
16.6 |
|
Allow Doubt Acc. |
-2.7 |
-3.4 |
-3.4 |
-2.6 |
-14.8 |
|
Total Current Assets |
806.3 |
770.6 |
750.4 |
731.5 |
545.5 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
460.1 |
404.6 |
303.9 |
220.5 |
179.7 |
|
Accum. depr - bldg&struc |
-190.3 |
-141.2 |
-112.1 |
-93.9 |
- |
|
Machineries, equip., & vehicle, gross |
464.4 |
406.5 |
383.9 |
248.4 |
206.4 |
|
Accum. depr - machin&vehicles |
-263.8 |
-200.4 |
-167.9 |
-128.8 |
- |
|
Tools, furniture, & fixtures, gross |
80.8 |
68.3 |
59.1 |
54.6 |
38.2 |
|
Accum. depr - tools, furn, fixtur |
-62.6 |
-49.3 |
-38.7 |
-33.1 |
- |
|
Land |
94.5 |
87.7 |
81.7 |
66.0 |
47.3 |
|
Lease assets, gross |
49.7 |
1.2 |
0.4 |
0.0 |
- |
|
Accum. depr - lease assets |
-6.9 |
-0.3 |
-0.1 |
0.0 |
- |
|
Construct. Prog. |
19.1 |
7.2 |
11.9 |
60.9 |
5.3 |
|
Depreciation |
- |
- |
- |
- |
-205.7 |
|
Intangible Asset |
- |
- |
- |
- |
2.5 |
|
Goodwill |
1.4 |
1.9 |
2.4 |
2.9 |
- |
|
Software rights |
50.8 |
2.4 |
- |
- |
- |
|
Temporary software accounts rights |
13.3 |
50.8 |
25.5 |
6.5 |
- |
|
Other intangible assets |
1.6 |
1.5 |
3.8 |
3.4 |
- |
|
Investment Secs. |
116.8 |
165.9 |
135.8 |
231.1 |
216.0 |
|
Deferred Inc Tax |
57.6 |
26.9 |
24.0 |
17.9 |
5.7 |
|
Other Assets |
41.9 |
42.8 |
51.2 |
46.3 |
35.8 |
|
Allow Doubt Acc. |
-9.9 |
-9.0 |
-9.1 |
-4.0 |
-3.3 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
Acc.& Note Payab |
264.2 |
254.0 |
223.3 |
185.3 |
145.6 |
|
ST Debts |
245.9 |
114.0 |
120.8 |
21.2 |
23.4 |
|
LT borrowings(current) |
1.5 |
0.8 |
0.9 |
8.1 |
0.5 |
|
Straight bonds (current) |
0.0 |
74.9 |
0.0 |
30.1 |
0.0 |
|
Lease obligations |
7.6 |
0.3 |
0.1 |
0.0 |
- |
|
Accrued Expenses |
16.6 |
15.0 |
11.9 |
14.5 |
9.4 |
|
Inc. Tax Payable |
2.3 |
15.6 |
47.0 |
35.2 |
27.3 |
|
Deferred tax liabilities (current) |
- |
- |
0.0 |
0.1 |
0.0 |
|
Allow for Bonus |
19.3 |
19.3 |
19.7 |
16.2 |
12.4 |
|
Allowance director's bonus |
0.6 |
0.6 |
0.9 |
0.9 |
0.8 |
|
Facility Note |
22.5 |
28.8 |
43.3 |
53.4 |
37.6 |
|
Accounts payable-facilities |
5.6 |
32.3 |
13.4 |
- |
- |
|
Other Cur. Liabs |
14.4 |
14.0 |
9.9 |
30.5 |
18.8 |
|
Total Current Liabilities |
600.5 |
569.5 |
491.0 |
395.6 |
275.7 |
|
|
|
|
|
|
|
|
Corp Bond |
- |
0.0 |
70.9 |
70.3 |
84.7 |
|
LT Debt |
0.6 |
2.8 |
- |
- |
- |
|
Lease obligations |
37.3 |
0.7 |
0.2 |
0.0 |
- |
|
Total Long Term Debt |
37.9 |
3.6 |
71.1 |
70.3 |
84.7 |
|
|
|
|
|
|
|
|
Deferred Taxes |
30.6 |
38.7 |
33.1 |
59.1 |
24.1 |
|
Accrued Retire |
75.6 |
68.7 |
65.6 |
65.6 |
53.9 |
|
Asset retirement obligations |
0.4 |
0.0 |
- |
- |
- |
|
Res. for Director Retirement Benefit |
- |
- |
- |
0.0 |
8.2 |
|
Other LT Liabs |
9.5 |
8.4 |
12.5 |
13.2 |
2.2 |
|
Minor. Interest |
0.0 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Total Liabilities |
754.6 |
689.1 |
673.7 |
603.9 |
448.9 |
|
|
|
|
|
|
|
|
Common Stock |
68.6 |
60.8 |
57.5 |
57.1 |
48.1 |
|
Paid-in Capital |
88.7 |
78.7 |
74.5 |
73.9 |
62.3 |
|
Retained Earning |
816.6 |
771.4 |
679.3 |
607.4 |
440.7 |
|
Unrlzd Gain Secs |
53.2 |
75.1 |
58.6 |
106.5 |
89.0 |
|
Translate Adjust |
-21.8 |
-12.2 |
-13.9 |
4.3 |
3.7 |
|
Treasury Stock |
-35.3 |
-24.8 |
-23.4 |
-23.0 |
-19.3 |
|
Total Equity |
970.0 |
949.1 |
832.7 |
826.2 |
624.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Total Common Shares Outstanding |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
T/S-Common Stock |
2.1 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Full-Time Employees |
4,121 |
3,728 |
3,631 |
3,126 |
2,534 |
|
Number of Common Shareholders |
13,129 |
11,690 |
6,403 |
3,689 |
5,750 |
|
LT Debts Maturing within 1yr. |
1.5 |
75.7 |
0.9 |
38.2 |
0.5 |
|
LT Debts Maturing within 2yr. |
0.6 |
2.3 |
72.8 |
1.4 |
0.8 |
|
LT Debts Maturing within 3yr. |
- |
0.5 |
1.8 |
71.2 |
0.3 |
|
LT Debts Maturing within 4yr. |
- |
0.0 |
0.1 |
1.0 |
0.2 |
|
LT Debts Maturing within 5yr. |
- |
0.0 |
0.1 |
0.1 |
0.2 |
|
Remaining |
- |
0.0 |
0.1 |
0.2 |
0.3 |
|
Total Long Term Debt, Supplemental |
2.1 |
78.5 |
75.8 |
112.2 |
2.3 |
|
Capital lease maturing within 1 yr. |
7.6 |
0.3 |
0.1 |
- |
- |
|
Capital lease maturing within 2 yr. |
7.5 |
0.2 |
0.1 |
- |
- |
|
Capital lease maturing within 3 yr. |
7.4 |
0.2 |
0.1 |
- |
- |
|
Capital lease maturing within 4 yr. |
7.3 |
0.1 |
0.1 |
- |
- |
|
Capital lease maturing within 5 yr. |
7.2 |
0.1 |
0.0 |
- |
- |
|
Capital lease maturing in remaining yr. |
7.9 |
0.1 |
0.0 |
- |
- |
|
Total Capital Leases |
44.9 |
1.0 |
0.3 |
- |
- |
|
Pension benefit |
91.9 |
81.9 |
76.8 |
79.1 |
68.3 |
|
Fair value of asset |
18.2 |
15.2 |
13.4 |
13.3 |
11.4 |
|
Funded status |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Total Funded Status |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Disocunt rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
Unrecog. actuarial G/L |
0.5 |
0.5 |
0.5 |
0.2 |
2.9 |
|
Unrecognized Prior Service Cost |
-2.5 |
-2.5 |
-2.7 |
0.0 |
- |
|
Accured pension benefit |
-75.6 |
-68.7 |
-65.6 |
-65.6 |
-53.9 |
|
Net Assets Recognized on Balance Sheet |
-77.6 |
-70.8 |
-67.9 |
-65.4 |
-51.0 |
|
|
|
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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
Depreciation |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Amort. of Goodwill |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Allowance for Bonus |
-2.3 |
-1.6 |
3.3 |
1.3 |
-0.7 |
|
Accrued Retire Bnft. |
-1.7 |
-0.7 |
-0.3 |
1.4 |
0.5 |
|
Impairment Loss |
- |
- |
- |
- |
0.0 |
|
Allowance director's bonus |
-0.1 |
-0.3 |
0.0 |
0.0 |
0.8 |
|
G/L on sale of LT inv't in secs. |
-17.8 |
0.0 |
-0.2 |
-1.3 |
- |
|
Gain Sale Marketable Secs |
- |
- |
- |
- |
-2.1 |
|
Loss Sale Marketable Secs |
- |
- |
- |
- |
0.0 |
|
Loss Val Inv.Secs. |
2.3 |
1.5 |
3.4 |
3.0 |
1.4 |
|
Allow Doubt Acc. |
-1.3 |
-0.7 |
6.0 |
-13.0 |
-6.7 |
|
Int.& Dividend Inc. |
-4.8 |
-5.4 |
-8.8 |
-5.7 |
-3.8 |
|
Interest Expenses |
1.8 |
2.1 |
1.8 |
1.6 |
1.3 |
|
Exchnage Gain/Loss |
0.3 |
-3.0 |
7.0 |
6.4 |
-0.8 |
|
G/L on sale/retire. of fixed assets |
0.5 |
1.6 |
-0.2 |
- |
- |
|
Gain Sale PPE |
- |
- |
- |
-4.2 |
-0.5 |
|
Loss Retire PPE |
- |
- |
- |
1.2 |
0.7 |
|
Director Bonus Paid |
- |
- |
- |
0.0 |
-0.8 |
|
Loss (gain) on valuation of debt securit |
0.0 |
2.7 |
0.0 |
- |
- |
|
Acc.& Note Rcvbl. |
0.0 |
22.3 |
-16.0 |
-22.5 |
-10.1 |
|
Inventories |
-19.4 |
15.8 |
-17.6 |
-13.9 |
-27.9 |
|
Acc.& Note Payable |
-16.0 |
16.2 |
55.4 |
9.9 |
11.4 |
|
Other Payable |
0.8 |
-1.3 |
2.4 |
1.1 |
3.4 |
|
Other, Net |
-4.5 |
11.0 |
-38.0 |
-6.9 |
-9.6 |
|
Int.& Dividend Rcv'd |
4.8 |
5.4 |
8.9 |
6.1 |
4.4 |
|
Interest Paid |
-1.9 |
-2.2 |
-1.8 |
-1.6 |
-1.3 |
|
Tax Paid |
-26.2 |
-89.8 |
-69.4 |
-56.8 |
-68.9 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
-8.4 |
200.1 |
169.6 |
101.9 |
64.9 |
|
|
|
|
|
|
|
|
Time Deposit Matured |
2.3 |
20.3 |
22.9 |
54.6 |
17.4 |
|
Time Deposit Made |
0.0 |
-8.1 |
-21.5 |
-0.4 |
-15.2 |
|
Sale/Rede. of Mark.Secs. |
0.0 |
4.4 |
36.9 |
43.8 |
0.0 |
|
Capital Expenditures |
-101.0 |
-130.0 |
-225.5 |
-91.9 |
-89.2 |
|
Sale of PPE |
7.5 |
2.2 |
1.6 |
6.4 |
0.8 |
|
Purchase of intangible assets |
-18.6 |
-24.6 |
0.0 |
- |
- |
|
Proceeds from sales of intangible assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Purch. of Inv.Secs. |
-0.3 |
-2.4 |
-7.2 |
-3.6 |
-5.8 |
|
Sale of Inv.Secs. |
31.3 |
0.0 |
2.8 |
10.1 |
17.1 |
|
Redempt.LT inv't in sec. |
0.8 |
0.0 |
10.0 |
0.0 |
- |
|
Purch. of business |
- |
- |
0.0 |
-15.9 |
0.0 |
|
Purch. of subs. se. |
0.0 |
0.0 |
- |
- |
- |
|
Purch of Affiliate Stock-con. change |
- |
0.0 |
- |
- |
- |
|
Loans Made |
0.0 |
-0.3 |
-1.0 |
-0.8 |
-0.2 |
|
Loans Collected |
0.2 |
0.3 |
1.2 |
6.1 |
0.7 |
|
Other, Net |
- |
0.0 |
-20.0 |
-6.6 |
-1.6 |
|
Cash from Investing Activities |
-77.9 |
-138.2 |
-200.0 |
1.8 |
-76.0 |
|
|
|
|
|
|
|
|
Redemption of bonds |
-81.7 |
0.0 |
-29.9 |
0.0 |
- |
|
ST Debt, Net |
115.4 |
-14.5 |
100.8 |
-5.6 |
8.5 |
|
Proceed from LT Debt |
- |
0.0 |
3.6 |
10.0 |
0.9 |
|
Repayment of LT Debt |
-1.7 |
-1.6 |
-7.3 |
-2.1 |
-1.5 |
|
Treasury Stock, Net |
-7.1 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
|
Dividend Paid |
-22.6 |
-20.9 |
-20.4 |
-16.2 |
-14.4 |
|
Proceed from minorities' payment |
- |
0.0 |
0.2 |
0.0 |
- |
|
Repayment of finance lease |
-6.7 |
-0.2 |
-0.1 |
0.0 |
- |
|
Cash from Financing Activities |
-4.4 |
-37.3 |
46.8 |
-14.1 |
-6.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-6.9 |
4.5 |
-18.1 |
-6.9 |
1.9 |
|
Net Change in Cash |
-97.6 |
29.2 |
-1.8 |
82.7 |
-16.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
297.3 |
244.9 |
228.3 |
118.0 |
131.4 |
|
Net Cash - Ending Balance |
199.6 |
274.1 |
226.5 |
200.7 |
115.3 |
|
Cash Interest Paid |
1.9 |
2.2 |
1.8 |
1.6 |
1.3 |
|
Cash Taxes Paid |
26.2 |
89.8 |
69.4 |
56.8 |
68.9 |
|
|
|
|
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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
Revenue |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
Total Revenue |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,223.7 |
1,093.2 |
967.5 |
637.2 |
540.4 |
|
Cost of Revenue, Total |
1,223.7 |
1,093.2 |
967.5 |
637.2 |
540.4 |
|
Gross Profit |
107.2 |
272.9 |
304.0 |
252.1 |
218.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
77.1 |
79.0 |
74.7 |
51.9 |
42.2 |
|
Labor & Related Expense |
71.4 |
66.1 |
60.7 |
47.5 |
42.7 |
|
Total Selling/General/Administrative Expenses |
148.4 |
145.1 |
135.5 |
99.4 |
84.9 |
|
Depreciation |
16.5 |
6.7 |
6.2 |
6.1 |
2.4 |
|
Amortization of Acquisition Costs |
- |
- |
- |
- |
0.2 |
|
Depreciation/Amortization |
16.5 |
6.7 |
6.2 |
6.1 |
2.7 |
|
Impairment-Assets Held for Use |
1.9 |
0.6 |
0.0 |
1.8 |
0.0 |
|
Impairment-Assets Held for Sale |
2.3 |
4.2 |
3.4 |
3.0 |
1.4 |
|
Other Unusual Expense (Income) |
-3.2 |
-2.9 |
-0.2 |
-15.8 |
-7.3 |
|
Unusual Expense (Income) |
1.0 |
1.9 |
3.1 |
-11.0 |
-5.9 |
|
Total Operating Expense |
1,389.7 |
1,246.9 |
1,112.4 |
731.6 |
622.1 |
|
|
|
|
|
|
|
|
Operating Income |
-58.7 |
119.2 |
159.1 |
157.7 |
136.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.8 |
-2.1 |
-1.8 |
-1.6 |
-1.3 |
|
Interest Expense, Net Non-Operating |
-1.8 |
-2.1 |
-1.8 |
-1.6 |
-1.3 |
|
Interest Income -
Non-Operating |
0.8 |
1.0 |
2.2 |
2.4 |
1.7 |
|
Investment Income -
Non-Operating |
13.6 |
6.8 |
-7.3 |
-9.9 |
7.9 |
|
Interest/Investment Income - Non-Operating |
14.4 |
7.9 |
-5.1 |
-7.5 |
9.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
12.6 |
5.7 |
-6.9 |
-9.2 |
8.3 |
|
Gain (Loss) on Sale of Assets |
-0.5 |
-1.9 |
0.2 |
3.0 |
-0.3 |
|
Other Non-Operating Income (Expense) |
2.3 |
4.5 |
2.2 |
1.8 |
1.8 |
|
Other, Net |
2.3 |
4.5 |
2.2 |
1.8 |
1.8 |
|
Income Before Tax |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
-15.3 |
52.8 |
68.2 |
63.5 |
65.3 |
|
Income After Tax |
-28.9 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Basic EPS Excl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Basic/Primary EPS Incl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Diluted Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Diluted EPS Excl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Diluted EPS Incl Extraord Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Dividends per Share - Common Stock Primary Issue |
0.53 |
0.48 |
0.45 |
0.39 |
0.34 |
|
Gross Dividends - Common Stock |
22.5 |
20.9 |
19.3 |
17.0 |
14.8 |
|
Interest Expense, Supplemental |
1.8 |
2.1 |
1.8 |
1.6 |
1.3 |
|
Depreciation, Supplemental |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Total Special Items |
2.1 |
4.5 |
3.5 |
-14.0 |
-5.4 |
|
Normalized Income Before Tax |
-42.2 |
131.9 |
158.1 |
139.3 |
141.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.5 |
1.6 |
1.3 |
-5.8 |
-2.5 |
|
Inc Tax Ex Impact of Sp Items |
-14.8 |
54.5 |
69.5 |
57.7 |
62.8 |
|
Normalized Income After Tax |
-27.4 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-27.2 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Diluted Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Amort of Acquisition Costs, Supplemental |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Rental Expenses |
4.4 |
4.6 |
4.4 |
3.9 |
3.3 |
|
Research & Development Exp, Supplemental |
28.9 |
28.0 |
13.6 |
8.9 |
6.3 |
|
Reported Operating Profit |
-57.7 |
121.1 |
162.2 |
146.7 |
130.7 |
|
Reported Ordinary Profit |
-63.0 |
129.8 |
154.2 |
136.3 |
139.5 |
|
Normalized EBIT |
-57.7 |
121.1 |
162.3 |
146.7 |
130.7 |
|
Normalized EBITDA |
63.6 |
220.0 |
241.4 |
188.8 |
158.3 |
|
Interest Cost - Domestic |
1.8 |
1.6 |
1.6 |
1.4 |
1.4 |
|
Service Cost - Domestic |
5.6 |
4.5 |
3.8 |
3.7 |
3.3 |
|
Prior Service Cost - Domestic |
-0.3 |
-0.3 |
-0.3 |
0.0 |
- |
|
Expected Return on Assets - Domestic |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Actuarial Gains and Losses - Domestic |
0.5 |
0.4 |
0.3 |
0.5 |
0.5 |
|
Domestic Pension Plan Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Total Pension Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
Total Plan Interest Cost |
1.8 |
1.6 |
1.6 |
1.4 |
1.4 |
|
Total Plan Service Cost |
5.6 |
4.5 |
3.8 |
3.7 |
3.3 |
|
Total Plan Expected Return |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
|
|
|
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 |
|
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 |
275.8 |
326.4 |
395.5 |
308.3 |
305.1 |
|
Revenue |
275.8 |
326.4 |
395.5 |
308.3 |
305.1 |
|
Total Revenue |
275.8 |
326.4 |
395.5 |
308.3 |
305.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
262.3 |
308.4 |
380.8 |
283.4 |
257.9 |
|
Cost of Revenue, Total |
262.3 |
308.4 |
380.8 |
283.4 |
257.9 |
|
Gross Profit |
13.5 |
18.1 |
14.8 |
24.9 |
47.2 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
36.9 |
12.9 |
19.5 |
17.9 |
21.3 |
|
Labor & Related Expense |
- |
21.4 |
17.5 |
19.0 |
18.1 |
|
Total Selling/General/Administrative Expenses |
36.9 |
34.4 |
36.9 |
36.9 |
39.4 |
|
Depreciation |
- |
4.6 |
4.5 |
4.1 |
3.9 |
|
Depreciation/Amortization |
- |
4.6 |
4.5 |
4.1 |
3.9 |
|
Impairment-Assets Held for Use |
0.7 |
0.0 |
- |
1.9 |
0.0 |
|
Impairment-Assets Held for Sale |
0.0 |
0.2 |
-0.4 |
1.5 |
1.1 |
|
Other Unusual Expense (Income) |
-0.7 |
-1.6 |
-0.1 |
-2.0 |
0.5 |
|
Unusual Expense (Income) |
0.0 |
-1.5 |
-0.6 |
1.3 |
1.5 |
|
Total Operating Expense |
299.2 |
345.9 |
421.6 |
325.6 |
302.7 |
|
|
|
|
|
|
|
|
Operating Income |
-23.4 |
-19.5 |
-26.1 |
-17.3 |
2.4 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
-0.4 |
|
Interest Expense, Net Non-Operating |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
-0.4 |
|
Interest Income -
Non-Operating |
0.2 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Investment Income -
Non-Operating |
-1.2 |
5.0 |
16.2 |
-5.4 |
-1.3 |
|
Interest/Investment Income - Non-Operating |
-1.0 |
5.3 |
16.4 |
-5.2 |
-1.1 |
|
Interest Income (Expense) - Net Non-Operating Total |
-1.4 |
4.8 |
15.9 |
-5.6 |
-1.6 |
|
Gain (Loss) on Sale of Assets |
-2.5 |
0.1 |
0.0 |
-0.5 |
-0.1 |
|
Other Non-Operating Income (Expense) |
1.1 |
-5.4 |
2.6 |
2.7 |
2.1 |
|
Other, Net |
1.1 |
-5.4 |
2.6 |
2.7 |
2.1 |
|
Income Before Tax |
-26.2 |
-20.0 |
-7.6 |
-20.7 |
2.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
-8.7 |
-8.6 |
-2.5 |
-6.0 |
1.2 |
|
Income After Tax |
-17.5 |
-11.4 |
-5.1 |
-14.8 |
1.7 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Net Income Before Extraord Items |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
Net Income |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
42.9 |
42.9 |
42.9 |
43.1 |
43.2 |
|
Basic EPS Excl Extraord Items |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
Basic/Primary EPS Incl Extraord Items |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
Diluted Weighted Average Shares |
42.9 |
42.9 |
42.9 |
43.1 |
43.2 |
|
Diluted EPS Excl Extraord Items |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
Diluted EPS Incl Extraord Items |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.27 |
0.00 |
0.26 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
11.7 |
0.0 |
11.2 |
0.0 |
|
Interest Expense, Supplemental |
0.4 |
0.5 |
0.4 |
0.4 |
0.4 |
|
Depreciation, Supplemental |
27.3 |
33.0 |
31.7 |
30.1 |
26.4 |
|
Total Special Items |
2.7 |
-1.4 |
-0.4 |
1.9 |
1.7 |
|
Normalized Income Before Tax |
-23.6 |
-21.4 |
-8.0 |
-18.8 |
4.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.9 |
-0.6 |
-0.2 |
0.6 |
0.7 |
|
Inc Tax Ex Impact of Sp Items |
-7.8 |
-9.1 |
-2.7 |
-5.3 |
1.8 |
|
Normalized Income After Tax |
-15.8 |
-12.3 |
-5.3 |
-13.5 |
2.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-15.8 |
-12.3 |
-5.3 |
-13.5 |
2.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.37 |
-0.29 |
-0.12 |
-0.31 |
0.07 |
|
Diluted Normalized EPS |
-0.37 |
-0.29 |
-0.12 |
-0.31 |
0.07 |
|
Amort of Acquisition Costs, Supplemental |
0.2 |
0.2 |
0.2 |
0.1 |
0.2 |
|
Rental Expenses |
- |
0.9 |
0.9 |
1.4 |
1.2 |
|
Reported Operating Profit |
-23.4 |
-21.0 |
-26.7 |
-16.1 |
3.9 |
|
Reported Ordinary Profit |
-23.7 |
-24.5 |
-23.5 |
-20.4 |
3.4 |
|
Normalized EBIT |
-23.4 |
-21.0 |
-26.7 |
-16.1 |
3.9 |
|
Normalized EBITDA |
4.0 |
12.2 |
5.2 |
14.1 |
30.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
218.5 |
283.4 |
241.9 |
241.2 |
175.8 |
|
Short Term Investments |
- |
0.0 |
7.0 |
37.2 |
42.4 |
|
Cash and Short Term Investments |
218.5 |
283.4 |
249.0 |
278.4 |
218.2 |
|
Accounts Receivable -
Trade, Gross |
305.8 |
274.6 |
279.5 |
280.0 |
208.3 |
|
Provision for Doubtful
Accounts |
-2.7 |
-3.4 |
-3.4 |
-2.6 |
-14.8 |
|
Trade Accounts Receivable - Net |
303.2 |
271.2 |
276.2 |
277.4 |
193.6 |
|
Other Receivables |
35.2 |
33.0 |
33.3 |
15.3 |
- |
|
Total Receivables, Net |
338.4 |
304.2 |
309.5 |
292.7 |
193.6 |
|
Inventories - Finished Goods |
80.6 |
34.2 |
44.4 |
36.1 |
- |
|
Inventories - Work In Progress |
64.4 |
86.1 |
84.3 |
84.3 |
- |
|
Inventories - Raw Materials |
38.7 |
26.5 |
24.4 |
17.5 |
- |
|
Total Inventory |
183.8 |
146.8 |
153.1 |
138.0 |
99.4 |
|
Deferred Income Tax - Current Asset |
27.5 |
20.1 |
28.0 |
14.8 |
17.8 |
|
Other Current Assets |
38.1 |
16.1 |
10.9 |
7.6 |
16.6 |
|
Other Current Assets, Total |
65.6 |
36.2 |
38.9 |
22.4 |
34.4 |
|
Total Current Assets |
806.3 |
770.6 |
750.4 |
731.5 |
545.5 |
|
|
|
|
|
|
|
|
Buildings |
460.1 |
404.6 |
303.9 |
220.5 |
179.7 |
|
Land/Improvements |
94.5 |
87.7 |
81.7 |
66.0 |
47.3 |
|
Machinery/Equipment |
545.1 |
474.9 |
443.0 |
303.0 |
244.6 |
|
Construction in
Progress |
19.1 |
7.2 |
11.9 |
60.9 |
5.3 |
|
Leases |
49.7 |
1.2 |
0.4 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
1,168.6 |
975.6 |
841.0 |
650.4 |
477.0 |
|
Accumulated Depreciation |
-523.7 |
-391.2 |
-318.8 |
-255.9 |
-205.7 |
|
Property/Plant/Equipment - Net |
644.9 |
584.4 |
522.2 |
394.5 |
271.3 |
|
Goodwill, Net |
1.4 |
1.9 |
2.4 |
2.9 |
- |
|
Intangibles, Net |
65.7 |
54.6 |
29.3 |
9.9 |
2.5 |
|
LT Investments - Other |
116.8 |
165.9 |
135.8 |
231.1 |
216.0 |
|
Long Term Investments |
116.8 |
165.9 |
135.8 |
231.1 |
216.0 |
|
Deferred Income Tax - Long Term Asset |
57.6 |
26.9 |
24.0 |
17.9 |
5.7 |
|
Other Long Term Assets |
32.0 |
33.8 |
42.2 |
42.3 |
32.5 |
|
Other Long Term Assets, Total |
89.5 |
60.7 |
66.2 |
60.2 |
38.1 |
|
Total Assets |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
269.8 |
286.3 |
236.7 |
185.3 |
145.6 |
|
Accrued Expenses |
36.5 |
34.9 |
32.5 |
31.6 |
22.6 |
|
Notes Payable/Short Term Debt |
268.4 |
142.8 |
164.0 |
74.6 |
61.0 |
|
Current Portion - Long Term Debt/Capital Leases |
9.1 |
75.9 |
1.0 |
38.2 |
0.5 |
|
Income Taxes Payable |
2.3 |
15.6 |
47.0 |
35.2 |
27.3 |
|
Deferred Income Tax - Current Liability |
- |
- |
0.0 |
0.1 |
0.0 |
|
Other Current Liabilities |
14.4 |
14.0 |
9.9 |
30.5 |
18.8 |
|
Other Current liabilities, Total |
16.7 |
29.6 |
56.8 |
65.8 |
46.0 |
|
Total Current Liabilities |
600.5 |
569.5 |
491.0 |
395.6 |
275.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
0.6 |
2.8 |
70.9 |
70.3 |
84.7 |
|
Capital Lease Obligations |
37.3 |
0.7 |
0.2 |
0.0 |
- |
|
Total Long Term Debt |
37.9 |
3.6 |
71.1 |
70.3 |
84.7 |
|
Total Debt |
315.4 |
222.3 |
236.2 |
183.2 |
146.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
30.6 |
38.7 |
33.1 |
59.1 |
24.1 |
|
Deferred Income Tax |
30.6 |
38.7 |
33.1 |
59.1 |
24.1 |
|
Minority Interest |
0.0 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Pension Benefits - Underfunded |
75.6 |
68.7 |
65.6 |
65.6 |
62.1 |
|
Other Long Term Liabilities |
9.9 |
8.4 |
12.5 |
13.2 |
2.2 |
|
Other Liabilities, Total |
85.5 |
77.2 |
78.2 |
78.8 |
64.3 |
|
Total Liabilities |
754.6 |
689.1 |
673.7 |
603.9 |
448.9 |
|
|
|
|
|
|
|
|
Common Stock |
68.6 |
60.8 |
57.5 |
57.1 |
48.1 |
|
Common Stock |
68.6 |
60.8 |
57.5 |
57.1 |
48.1 |
|
Additional Paid-In Capital |
88.7 |
78.7 |
74.5 |
73.9 |
62.3 |
|
Retained Earnings (Accumulated Deficit) |
816.6 |
771.4 |
679.3 |
607.4 |
440.7 |
|
Treasury Stock - Common |
-35.3 |
-24.8 |
-23.4 |
-23.0 |
-19.3 |
|
Unrealized Gain (Loss) |
53.2 |
75.1 |
58.6 |
106.5 |
89.0 |
|
Translation Adjustment |
-21.8 |
-12.2 |
-13.9 |
4.3 |
3.7 |
|
Other Equity, Total |
-21.8 |
-12.2 |
-13.9 |
4.3 |
3.7 |
|
Total Equity |
970.0 |
949.1 |
832.7 |
826.2 |
624.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Total Common Shares Outstanding |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Treasury Shares - Common Stock Primary Issue |
2.1 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Employees |
4,121 |
3,728 |
3,631 |
3,126 |
2,534 |
|
Number of Common Shareholders |
13,129 |
11,690 |
6,403 |
3,689 |
5,750 |
|
Total Long Term Debt, Supplemental |
2.1 |
78.5 |
75.8 |
112.2 |
2.3 |
|
Long Term Debt Maturing within 1 Year |
1.5 |
75.7 |
0.9 |
38.2 |
0.5 |
|
Long Term Debt Maturing in Year 2 |
0.6 |
2.3 |
72.8 |
1.4 |
0.8 |
|
Long Term Debt Maturing in Year 3 |
- |
0.5 |
1.8 |
71.2 |
0.3 |
|
Long Term Debt Maturing in Year 4 |
- |
0.0 |
0.1 |
1.0 |
0.2 |
|
Long Term Debt Maturing in Year 5 |
- |
0.0 |
0.1 |
0.1 |
0.2 |
|
Long Term Debt Maturing in 2-3 Years |
0.6 |
2.8 |
74.6 |
72.5 |
1.1 |
|
Long Term Debt Maturing in 4-5 Years |
- |
0.0 |
0.3 |
1.2 |
0.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.1 |
0.2 |
0.3 |
|
Total Capital Leases, Supplemental |
44.9 |
1.0 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
7.6 |
0.3 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
7.5 |
0.2 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
7.4 |
0.2 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
7.3 |
0.1 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
7.2 |
0.1 |
0.0 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
14.9 |
0.5 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
14.5 |
0.2 |
0.1 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
7.9 |
0.1 |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
91.9 |
81.9 |
76.8 |
79.1 |
68.3 |
|
Plan Assets - Domestic |
18.2 |
15.2 |
13.4 |
13.3 |
11.4 |
|
Funded Status - Domestic |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Total Funded Status |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
Accrued Liabilities - Domestic |
-75.6 |
-68.7 |
-65.6 |
-65.6 |
-53.9 |
|
Other Assets, Net - Domestic |
-1.9 |
-2.1 |
-2.2 |
0.2 |
2.9 |
|
Net Assets Recognized on Balance Sheet |
-77.6 |
-70.8 |
-67.9 |
-65.4 |
-51.0 |
|
Total Plan Obligations |
91.9 |
81.9 |
76.8 |
79.1 |
68.3 |
|
Total Plan Assets |
18.2 |
15.2 |
13.4 |
13.3 |
11.4 |
|
|
|
|
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 |
|
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 |
256.1 |
218.5 |
206.2 |
268.1 |
305.1 |
|
Cash and Short Term Investments |
256.1 |
218.5 |
206.2 |
268.1 |
305.1 |
|
Accounts Receivable -
Trade, Gross |
249.4 |
305.8 |
368.4 |
260.5 |
281.2 |
|
Provision for Doubtful
Accounts |
-2.4 |
-2.7 |
-3.8 |
-3.3 |
-3.4 |
|
Trade Accounts Receivable - Net |
247.0 |
303.2 |
364.6 |
257.2 |
277.8 |
|
Total Receivables, Net |
247.0 |
303.2 |
364.6 |
257.2 |
277.8 |
|
Inventories - Finished Goods |
82.2 |
80.6 |
87.6 |
97.6 |
89.5 |
|
Inventories - Work In Progress |
55.2 |
64.4 |
91.5 |
101.2 |
71.1 |
|
Inventories - Raw Materials |
36.2 |
38.7 |
39.9 |
50.9 |
38.2 |
|
Total Inventory |
173.6 |
183.8 |
219.0 |
249.7 |
198.8 |
|
Deferred Income Tax - Current Asset |
31.8 |
27.5 |
36.8 |
32.7 |
23.7 |
|
Other Current Assets |
33.3 |
73.3 |
71.5 |
36.3 |
32.7 |
|
Other Current Assets, Total |
65.1 |
100.8 |
108.3 |
69.1 |
56.5 |
|
Total Current Assets |
741.7 |
806.3 |
898.0 |
844.1 |
838.2 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
655.2 |
644.9 |
691.2 |
684.9 |
644.4 |
|
Goodwill, Net |
1.3 |
1.4 |
1.6 |
1.7 |
1.8 |
|
Intangibles, Net |
70.4 |
65.7 |
62.1 |
58.3 |
54.1 |
|
LT Investments - Other |
92.1 |
116.8 |
126.8 |
136.2 |
148.4 |
|
Long Term Investments |
92.1 |
116.8 |
126.8 |
136.2 |
148.4 |
|
Other Long Term Assets |
99.5 |
89.5 |
72.8 |
69.4 |
67.4 |
|
Other Long Term Assets, Total |
99.5 |
89.5 |
72.8 |
69.4 |
67.4 |
|
Total Assets |
1,660.1 |
1,724.6 |
1,852.6 |
1,794.6 |
1,754.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
201.6 |
264.2 |
324.6 |
279.1 |
300.3 |
|
Accrued Expenses |
29.5 |
20.0 |
12.4 |
25.5 |
32.1 |
|
Notes Payable/Short Term Debt |
261.3 |
268.4 |
283.0 |
273.9 |
157.3 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
9.1 |
0.0 |
0.0 |
79.1 |
|
Income Taxes Payable |
1.5 |
2.3 |
3.2 |
4.3 |
4.7 |
|
Other Current Liabilities |
65.1 |
36.6 |
56.5 |
56.7 |
45.0 |
|
Other Current liabilities, Total |
66.6 |
38.9 |
59.7 |
61.0 |
49.6 |
|
Total Current Liabilities |
559.0 |
600.5 |
679.6 |
639.5 |
618.3 |
|
|
|
|
|
|
|
|
Long Term Debt |
- |
0.6 |
- |
- |
- |
|
Capital Lease Obligations |
- |
37.3 |
- |
- |
- |
|
Total Long Term Debt |
- |
37.9 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
261.3 |
315.4 |
283.0 |
273.9 |
236.4 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
0.0 |
0.0 |
0.0 |
0.1 |
|
Pension Benefits - Underfunded |
78.7 |
75.6 |
79.7 |
76.6 |
73.4 |
|
Other Long Term Liabilities |
66.5 |
40.5 |
84.7 |
80.9 |
82.5 |
|
Other Liabilities, Total |
145.2 |
116.1 |
164.4 |
157.6 |
155.8 |
|
Total Liabilities |
704.2 |
754.6 |
844.1 |
797.1 |
774.3 |
|
|
|
|
|
|
|
|
Common Stock |
70.4 |
68.6 |
70.1 |
68.0 |
64.2 |
|
Common Stock |
70.4 |
68.6 |
70.1 |
68.0 |
64.2 |
|
Additional Paid-In Capital |
91.1 |
88.7 |
90.7 |
88.0 |
83.1 |
|
Retained Earnings (Accumulated Deficit) |
808.3 |
816.6 |
846.0 |
838.0 |
805.4 |
|
Treasury Stock - Common |
-36.2 |
-35.3 |
-36.1 |
-35.0 |
-26.1 |
|
Unrealized Gain (Loss) |
38.2 |
53.2 |
57.7 |
55.9 |
63.7 |
|
Translation Adjustment |
-15.9 |
-21.8 |
-19.9 |
-17.5 |
-10.3 |
|
Other Equity, Total |
-15.9 |
-21.8 |
-19.9 |
-17.5 |
-10.3 |
|
Total Equity |
955.9 |
970.0 |
1,008.5 |
997.5 |
980.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,660.1 |
1,724.6 |
1,852.6 |
1,794.6 |
1,754.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
42.9 |
42.9 |
42.9 |
42.9 |
43.2 |
|
Total Common Shares Outstanding |
42.9 |
42.9 |
42.9 |
42.9 |
43.2 |
|
Treasury Shares - Common Stock Primary Issue |
2.1 |
2.1 |
2.1 |
2.1 |
1.8 |
|
Employees |
- |
4,121 |
4,042 |
3,928 |
3,931 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
Depreciation |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Depreciation/Depletion |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Amortization of Acquisition Costs |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Amortization |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Unusual Items |
-15.0 |
5.9 |
2.9 |
-1.3 |
-0.4 |
|
Other Non-Cash Items |
-5.8 |
-7.7 |
5.7 |
-9.2 |
-9.6 |
|
Non-Cash Items |
-20.8 |
-1.8 |
8.5 |
-10.5 |
-10.0 |
|
Accounts Receivable |
0.0 |
22.3 |
-16.0 |
-22.5 |
-10.1 |
|
Inventories |
-19.4 |
15.8 |
-17.6 |
-13.9 |
-27.9 |
|
Accounts Payable |
-15.2 |
14.9 |
57.8 |
11.1 |
14.8 |
|
Accrued Expenses |
-2.4 |
-1.9 |
3.3 |
1.3 |
0.1 |
|
Other Operating Cash Flow |
-27.8 |
-75.5 |
-100.4 |
-59.2 |
-76.2 |
|
Changes in Working Capital |
-64.7 |
-24.4 |
-72.7 |
-83.1 |
-99.3 |
|
Cash from Operating Activities |
-8.4 |
200.1 |
169.6 |
101.9 |
64.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-101.0 |
-130.0 |
-225.5 |
-91.9 |
-89.2 |
|
Purchase/Acquisition of Intangibles |
-18.6 |
-24.6 |
0.0 |
- |
- |
|
Capital Expenditures |
-119.6 |
-154.6 |
-225.5 |
-91.9 |
-89.2 |
|
Acquisition of Business |
- |
- |
0.0 |
-15.9 |
0.0 |
|
Sale of Fixed Assets |
7.5 |
2.2 |
1.6 |
6.4 |
0.8 |
|
Sale/Maturity of Investment |
34.4 |
24.7 |
72.5 |
108.5 |
34.6 |
|
Investment, Net |
- |
0.0 |
-20.0 |
-6.6 |
-1.6 |
|
Purchase of Investments |
-0.4 |
-10.5 |
-28.8 |
-4.0 |
-21.0 |
|
Sale of Intangible Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Investing Cash Flow |
0.2 |
0.0 |
0.2 |
5.3 |
0.5 |
|
Other Investing Cash Flow Items, Total |
41.7 |
16.5 |
25.5 |
93.7 |
13.2 |
|
Cash from Investing Activities |
-77.9 |
-138.2 |
-200.0 |
1.8 |
-76.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
0.0 |
0.2 |
0.0 |
- |
|
Financing Cash Flow Items |
- |
0.0 |
0.2 |
0.0 |
- |
|
Cash Dividends Paid - Common |
-22.6 |
-20.9 |
-20.4 |
-16.2 |
-14.4 |
|
Total Cash Dividends Paid |
-22.6 |
-20.9 |
-20.4 |
-16.2 |
-14.4 |
|
Common Stock, Net |
-7.1 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
|
Issuance (Retirement) of Stock, Net |
-7.1 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
|
Short Term Debt, Net |
115.4 |
-14.5 |
100.8 |
-5.6 |
8.5 |
|
Long Term Debt Issued |
- |
0.0 |
3.6 |
10.0 |
0.9 |
|
Long Term Debt
Reduction |
-90.1 |
-1.9 |
-37.3 |
-2.1 |
-1.5 |
|
Long Term Debt, Net |
-90.1 |
-1.9 |
-33.7 |
7.8 |
-0.7 |
|
Issuance (Retirement) of Debt, Net |
25.3 |
-16.4 |
67.2 |
2.2 |
7.8 |
|
Cash from Financing Activities |
-4.4 |
-37.3 |
46.8 |
-14.1 |
-6.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-6.9 |
4.5 |
-18.1 |
-6.9 |
1.9 |
|
Net Change in Cash |
-97.6 |
29.2 |
-1.8 |
82.7 |
-16.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
297.3 |
244.9 |
228.3 |
118.0 |
131.4 |
|
Net Cash - Ending Balance |
199.6 |
274.1 |
226.5 |
200.7 |
115.3 |
|
Cash Interest Paid |
1.9 |
2.2 |
1.8 |
1.6 |
1.3 |
|
Cash Taxes Paid |
26.2 |
89.8 |
69.4 |
56.8 |
68.9 |
|
|
|
|
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 |
12 Months |
9 Months |
6 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 |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-26.2 |
-44.2 |
-24.7 |
-17.0 |
2.9 |
|
Depreciation |
27.3 |
120.6 |
87.9 |
56.3 |
26.4 |
|
Depreciation/Depletion |
27.3 |
120.6 |
87.9 |
56.3 |
26.4 |
|
Amortization of Acquisition Costs |
0.2 |
0.6 |
0.5 |
0.3 |
0.2 |
|
Amortization |
0.2 |
0.6 |
0.5 |
0.3 |
0.2 |
|
Unusual Items |
2.5 |
-15.0 |
-12.3 |
3.0 |
1.1 |
|
Other Non-Cash Items |
0.4 |
-5.8 |
-1.3 |
-1.4 |
-2.1 |
|
Non-Cash Items |
2.9 |
-20.8 |
-13.6 |
1.7 |
-1.0 |
|
Accounts Receivable |
65.3 |
0.0 |
-51.2 |
41.5 |
9.5 |
|
Inventories |
15.4 |
-19.4 |
-47.8 |
-81.4 |
-41.6 |
|
Accounts Payable |
-70.4 |
-15.2 |
33.8 |
-0.7 |
29.1 |
|
Accrued Expenses |
8.9 |
-2.4 |
-9.8 |
3.1 |
10.6 |
|
Other Operating Cash Flow |
42.1 |
-27.8 |
-19.7 |
5.0 |
10.3 |
|
Changes in Working Capital |
61.3 |
-64.7 |
-94.8 |
-32.5 |
17.9 |
|
Cash from Operating Activities |
65.5 |
-8.4 |
-44.8 |
8.8 |
46.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-23.5 |
-101.0 |
-95.2 |
-65.0 |
-32.6 |
|
Purchase/Acquisition of Intangibles |
- |
-18.6 |
- |
- |
- |
|
Capital Expenditures |
-23.5 |
-119.6 |
-95.2 |
-65.0 |
-32.6 |
|
Sale of Fixed Assets |
2.5 |
7.5 |
0.9 |
0.7 |
0.1 |
|
Sale/Maturity of Investment |
0.0 |
34.4 |
30.3 |
2.2 |
0.0 |
|
Purchase of Investments |
0.0 |
-0.4 |
-0.3 |
-0.2 |
0.0 |
|
Sale of Intangible Assets |
- |
0.0 |
- |
- |
- |
|
Other Investing Cash Flow |
0.0 |
0.2 |
0.1 |
0.1 |
0.0 |
|
Other Investing Cash Flow Items, Total |
2.5 |
41.7 |
31.0 |
2.8 |
0.1 |
|
Cash from Investing Activities |
-20.9 |
-77.9 |
-64.2 |
-62.2 |
-32.5 |
|
|
|
|
|
|
|
|
Cash Dividends Paid - Common |
-10.7 |
-22.6 |
-22.2 |
-10.9 |
-9.7 |
|
Total Cash Dividends Paid |
-10.7 |
-22.6 |
-22.2 |
-10.9 |
-9.7 |
|
Common Stock, Net |
0.0 |
-7.1 |
-7.0 |
-6.8 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
-7.1 |
-7.0 |
-6.8 |
0.0 |
|
Short Term Debt, Net |
-2.3 |
115.4 |
117.9 |
112.7 |
0.5 |
|
Long Term Debt
Reduction |
-2.0 |
-90.1 |
-85.9 |
-81.9 |
-1.3 |
|
Long Term Debt, Net |
-2.0 |
-90.1 |
-85.9 |
-81.9 |
-1.3 |
|
Issuance (Retirement) of Debt, Net |
-4.4 |
25.3 |
32.0 |
30.8 |
-0.8 |
|
Cash from Financing Activities |
-15.0 |
-4.4 |
2.8 |
13.0 |
-10.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
1.8 |
-6.9 |
-6.3 |
-5.5 |
2.1 |
|
Net Change in Cash |
31.4 |
-97.6 |
-112.4 |
-45.9 |
5.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
209.6 |
297.3 |
293.4 |
286.3 |
276.6 |
|
Net Cash - Ending Balance |
241.0 |
199.6 |
181.0 |
240.4 |
282.1 |
|
Cash Interest Paid |
0.4 |
1.9 |
1.4 |
1.0 |
0.2 |
|
Cash Taxes Paid |
-10.0 |
26.2 |
12.9 |
10.7 |
13.7 |
|
|
|
|
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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
Total Revenue |
1,331.0 |
1,366.1 |
1,271.5 |
889.3 |
758.8 |
|
|
|
|
|
|
|
|
Cost of sales |
1,223.7 |
1,093.2 |
967.5 |
637.2 |
540.4 |
|
Director's remuneration |
2.9 |
2.9 |
2.8 |
2.5 |
2.3 |
|
Payrolls |
43.6 |
39.8 |
35.6 |
27.2 |
25.4 |
|
Bonuses |
7.4 |
6.4 |
5.2 |
4.3 |
3.8 |
|
Welfare expenses |
10.4 |
9.0 |
8.1 |
6.6 |
5.1 |
|
Depreciation |
16.5 |
6.7 |
6.2 |
6.1 |
2.4 |
|
Provision for doubtful accounts(SGA) |
1.5 |
1.5 |
9.7 |
0.9 |
0.7 |
|
Provision for bonuses |
4.1 |
5.3 |
6.3 |
4.0 |
3.2 |
|
Provision for directors' bonuses |
0.7 |
0.7 |
0.9 |
0.8 |
0.8 |
|
Periodic retirement benefit costs |
2.3 |
2.0 |
1.9 |
2.1 |
1.9 |
|
Reserve for officers retirement |
- |
- |
- |
- |
0.2 |
|
Rent |
4.4 |
4.6 |
4.4 |
3.9 |
3.3 |
|
Packing & freight-out costs |
16.6 |
16.8 |
17.2 |
15.4 |
12.5 |
|
Amort. of consol differences(SGA) |
- |
- |
- |
- |
0.2 |
|
Other SGA |
54.6 |
56.0 |
43.5 |
31.8 |
25.7 |
|
SP Rev-Allow Doubt Acc. |
-2.1 |
-1.9 |
-0.2 |
-13.8 |
-7.3 |
|
SP Reversal-directors' retirement |
- |
- |
0.0 |
-0.2 |
0.0 |
|
SP Reversal-directors' bonus |
-0.1 |
-0.4 |
0.0 |
- |
- |
|
SP Government subsidies |
-2.0 |
-0.6 |
0.0 |
-1.8 |
0.0 |
|
Impairment Loss |
- |
- |
- |
- |
0.0 |
|
SP Loss on valuation of debt securities |
0.0 |
2.7 |
0.0 |
- |
- |
|
SP L on deduction fixed assets |
1.9 |
0.6 |
0.0 |
1.8 |
0.0 |
|
SP L on adj for changes of acct assets |
0.9 |
0.0 |
- |
- |
- |
|
NOP Loss Val Inv.Secs. |
2.3 |
1.5 |
3.4 |
3.0 |
1.4 |
|
Total Operating Expense |
1,389.7 |
1,246.9 |
1,112.4 |
731.6 |
622.1 |
|
|
|
|
|
|
|
|
SP Gain Sale Fix.Assets |
2.6 |
0.1 |
1.4 |
4.2 |
0.5 |
|
SP G on sales of investment securities |
17.8 |
0.0 |
- |
- |
- |
|
SP L. Sale/Retire Fixed Asset |
-3.0 |
-1.8 |
-1.2 |
-1.2 |
-0.7 |
|
SP Loss-liquidation of affiliates |
0.0 |
-0.3 |
0.0 |
- |
- |
|
NOP Interest Income |
0.8 |
1.0 |
2.2 |
2.4 |
1.7 |
|
NOP Dividend Income |
4.0 |
4.4 |
6.5 |
3.3 |
2.1 |
|
NOP Gain sale investment sec |
- |
0.0 |
0.5 |
1.3 |
2.1 |
|
Exchange Gain |
0.0 |
2.4 |
0.0 |
0.0 |
3.8 |
|
NOP Equipment Rent Income |
0.0 |
1.7 |
0.0 |
- |
- |
|
NOP Other Income |
3.6 |
3.5 |
3.1 |
2.5 |
2.4 |
|
NOP Interest Expenses |
-1.8 |
-2.1 |
-1.8 |
-1.6 |
-1.3 |
|
NOP Loss Sale Inv.Secs. |
- |
0.0 |
-0.3 |
0.0 |
0.0 |
|
NOP Exchange Loss |
-8.3 |
0.0 |
-14.1 |
-14.5 |
0.0 |
|
NOP Other Expensses |
-1.3 |
-0.7 |
-0.9 |
-0.7 |
-0.6 |
|
Net Income Before Taxes |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-15.3 |
52.8 |
68.2 |
63.5 |
65.3 |
|
Net Income After Taxes |
-28.9 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Directors' Bonuses |
- |
- |
- |
- |
0.0 |
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Basic EPS Including ExtraOrdinary Item |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-28.8 |
74.6 |
86.5 |
89.9 |
81.3 |
|
Diluted Weighted Average Shares |
43.0 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
Diluted EPS Including ExtraOrd Items |
-0.67 |
1.73 |
2.00 |
2.08 |
1.88 |
|
DPS-Common Stock |
0.53 |
0.48 |
0.45 |
0.39 |
0.34 |
|
Gross Dividends - Common Stock |
22.5 |
20.9 |
19.3 |
17.0 |
14.8 |
|
Normalized Income Before Taxes |
-42.2 |
131.9 |
158.1 |
139.3 |
141.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-14.8 |
54.5 |
69.5 |
57.7 |
62.8 |
|
Normalized Income After Taxes |
-27.4 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-27.2 |
77.5 |
88.7 |
81.7 |
78.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Diluted Normalized EPS |
-0.63 |
1.79 |
2.05 |
1.89 |
1.81 |
|
Interest Expense |
1.8 |
2.1 |
1.8 |
1.6 |
1.3 |
|
Amort of Goodwill |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Rental Expenses |
4.4 |
4.6 |
4.4 |
3.9 |
3.3 |
|
Research & Development Expenses |
28.9 |
28.0 |
13.6 |
8.9 |
6.3 |
|
Depreciation |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Reported operating profit |
-57.7 |
121.1 |
162.2 |
146.7 |
130.7 |
|
Reported ordinary profit |
-63.0 |
129.8 |
154.2 |
136.3 |
139.5 |
|
Service cost |
5.6 |
4.5 |
3.8 |
3.7 |
3.3 |
|
Interest cost |
1.8 |
1.6 |
1.6 |
1.4 |
1.4 |
|
Expected return on plan asset |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Actuarial G/L |
0.5 |
0.4 |
0.3 |
0.5 |
0.5 |
|
Prior Service Cost |
-0.3 |
-0.3 |
-0.3 |
0.0 |
- |
|
Domestic Pension Plan Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Total Pension Expense |
7.3 |
6.1 |
5.3 |
5.5 |
5.1 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
|
|
|
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 |
275.8 |
326.4 |
395.5 |
308.3 |
305.1 |
|
Total Revenue |
275.8 |
326.4 |
395.5 |
308.3 |
305.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
262.3 |
308.4 |
380.8 |
283.4 |
257.9 |
|
Total SGA |
36.9 |
- |
- |
- |
- |
|
Director's remuneration |
- |
0.7 |
0.7 |
0.8 |
0.7 |
|
Payrolls |
- |
10.3 |
11.0 |
11.0 |
11.2 |
|
Bonus |
- |
7.2 |
0.4 |
0.1 |
0.1 |
|
Welfare expenses |
- |
2.4 |
2.6 |
3.0 |
2.5 |
|
Depreciation |
- |
4.6 |
4.3 |
3.9 |
3.7 |
|
Provision for doubtful accounts(SGA) |
- |
0.8 |
0.5 |
- |
0.2 |
|
Provision for bonuses |
- |
- |
2.0 |
3.5 |
3.1 |
|
Provision for directors' bonuses |
- |
0.3 |
0.2 |
0.2 |
0.1 |
|
Periodic retirement benefit costs |
- |
0.6 |
0.6 |
0.6 |
0.5 |
|
Amortization of goodwill |
- |
- |
0.2 |
0.1 |
0.2 |
|
Rent |
- |
0.9 |
0.9 |
1.4 |
1.2 |
|
Packing & freight-out costs |
- |
4.5 |
4.1 |
4.3 |
3.7 |
|
Other SGA |
- |
6.7 |
14.0 |
12.1 |
16.2 |
|
SP Rev-Allow Doubt Acc. |
0.0 |
-1.6 |
- |
-0.2 |
-0.4 |
|
SP Reversal-directors' bonus |
- |
-0.1 |
- |
- |
0.0 |
|
SP Government subsidies |
-0.7 |
0.0 |
-0.1 |
-1.9 |
0.0 |
|
SP Loss on valuation of debt securities |
- |
- |
0.0 |
- |
- |
|
SP L on deduction fixed assets |
0.7 |
0.0 |
- |
1.9 |
0.0 |
|
SP L on adj. for changes of acct. assets |
0.0 |
0.0 |
- |
- |
0.9 |
|
NOP Rev. Gain Val Inv.Secs. |
- |
- |
-0.4 |
- |
- |
|
NOP Loss Val Inv.Secs. |
0.0 |
0.2 |
0.0 |
1.5 |
1.1 |
|
Total Operating Expense |
299.2 |
345.9 |
421.6 |
325.6 |
302.7 |
|
|
|
|
|
|
|
|
SP Gain Sale Fix.Assets |
0.1 |
2.4 |
0.2 |
0.1 |
0.0 |
|
SP G on sale LT inv't.secs. |
- |
2.7 |
15.8 |
- |
- |
|
SP Loss Sale & Retire. of Fixed Assets |
0.0 |
-2.2 |
-0.2 |
-0.6 |
-0.1 |
|
SP Liquidation of affil. Companies |
-2.6 |
0.0 |
- |
0.0 |
- |
|
NOP Interest Income |
0.2 |
0.3 |
0.2 |
0.2 |
0.2 |
|
NOP Dividend Income |
1.4 |
0.0 |
1.1 |
0.0 |
2.7 |
|
NOP Exchange Gain |
- |
2.2 |
0.0 |
- |
0.0 |
|
NOP Rental income-fixed assets |
0.0 |
- |
2.4 |
2.0 |
1.6 |
|
NOP Other Non-Ops. Income |
1.2 |
- |
0.5 |
1.2 |
0.6 |
|
NOP Interest Expenses |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
-0.4 |
|
NOP Exchange Loss |
-2.6 |
- |
-0.7 |
-5.4 |
-4.0 |
|
NOP Other Non-Ops. Loss |
-0.1 |
-5.4 |
-0.4 |
-0.5 |
-0.1 |
|
Net Income Before Taxes |
-26.2 |
-20.0 |
-7.6 |
-20.7 |
2.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-8.7 |
-8.6 |
-2.5 |
-6.0 |
1.2 |
|
Net Income After Taxes |
-17.5 |
-11.4 |
-5.1 |
-14.8 |
1.7 |
|
|
|
|
|
|
|
|
Minority interests |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Net Income Before Extra. Items |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
Net Income |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
|
|
|
|
|
|
|
Earning Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
42.9 |
42.9 |
42.9 |
43.1 |
43.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
Basic EPS Including ExtraOrdinary Item |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-17.5 |
-11.4 |
-5.1 |
-14.7 |
1.7 |
|
Diluted Weighted Average Shares |
42.9 |
42.9 |
42.9 |
43.1 |
43.2 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
Diluted EPS Including ExtraOrd Items |
-0.41 |
-0.27 |
-0.12 |
-0.34 |
0.04 |
|
DPS-Common Stock |
0.00 |
0.27 |
0.00 |
0.26 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
11.7 |
0.0 |
11.2 |
0.0 |
|
Normalized Income Before Taxes |
-23.6 |
-21.4 |
-8.0 |
-18.8 |
4.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-7.8 |
-9.1 |
-2.7 |
-5.3 |
1.8 |
|
Normalized Income After Taxes |
-15.8 |
-12.3 |
-5.3 |
-13.5 |
2.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-15.8 |
-12.3 |
-5.3 |
-13.5 |
2.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.37 |
-0.29 |
-0.12 |
-0.31 |
0.07 |
|
Diluted Normalized EPS |
-0.37 |
-0.29 |
-0.12 |
-0.31 |
0.07 |
|
Rent Expense |
- |
0.9 |
0.9 |
1.4 |
1.2 |
|
Interest Expense |
0.4 |
0.5 |
0.4 |
0.4 |
0.4 |
|
Amort of Goodwill |
0.2 |
0.2 |
0.2 |
0.1 |
0.2 |
|
Depreciation |
27.3 |
33.0 |
31.7 |
30.1 |
26.4 |
|
Reported operating profit |
-23.4 |
-21.0 |
-26.7 |
-16.1 |
3.9 |
|
Reported ordinary income |
-23.7 |
-24.5 |
-23.5 |
-20.4 |
3.4 |
|
|
|
|
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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
218.5 |
283.4 |
241.9 |
241.2 |
175.8 |
|
Acc.& Note Rcvbl |
305.8 |
274.6 |
279.5 |
280.0 |
208.3 |
|
Marketable Secs. |
- |
0.0 |
7.0 |
37.2 |
42.4 |
|
Inventories |
- |
- |
- |
- |
99.4 |
|
Inventories - merchandise&finished goods |
80.6 |
34.2 |
44.4 |
36.1 |
- |
|
Inventories - work-in-process |
64.4 |
86.1 |
84.3 |
84.3 |
- |
|
Inventories - raw materials & supplies |
38.7 |
26.5 |
24.4 |
17.5 |
- |
|
Deferred Inc Tax |
27.5 |
20.1 |
28.0 |
14.8 |
17.8 |
|
Sales tax receivable |
35.2 |
33.0 |
33.3 |
15.3 |
- |
|
Other Cur. Asset |
38.1 |
16.1 |
10.9 |
7.6 |
16.6 |
|
Allow Doubt Acc. |
-2.7 |
-3.4 |
-3.4 |
-2.6 |
-14.8 |
|
Total Current Assets |
806.3 |
770.6 |
750.4 |
731.5 |
545.5 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
460.1 |
404.6 |
303.9 |
220.5 |
179.7 |
|
Accum. depr - bldg&struc |
-190.3 |
-141.2 |
-112.1 |
-93.9 |
- |
|
Machineries, equip., & vehicle, gross |
464.4 |
406.5 |
383.9 |
248.4 |
206.4 |
|
Accum. depr - machin&vehicles |
-263.8 |
-200.4 |
-167.9 |
-128.8 |
- |
|
Tools, furniture, & fixtures, gross |
80.8 |
68.3 |
59.1 |
54.6 |
38.2 |
|
Accum. depr - tools, furn, fixtur |
-62.6 |
-49.3 |
-38.7 |
-33.1 |
- |
|
Land |
94.5 |
87.7 |
81.7 |
66.0 |
47.3 |
|
Lease assets, gross |
49.7 |
1.2 |
0.4 |
0.0 |
- |
|
Accum. depr - lease assets |
-6.9 |
-0.3 |
-0.1 |
0.0 |
- |
|
Construct. Prog. |
19.1 |
7.2 |
11.9 |
60.9 |
5.3 |
|
Depreciation |
- |
- |
- |
- |
-205.7 |
|
Intangible Asset |
- |
- |
- |
- |
2.5 |
|
Goodwill |
1.4 |
1.9 |
2.4 |
2.9 |
- |
|
Software rights |
50.8 |
2.4 |
- |
- |
- |
|
Temporary software accounts rights |
13.3 |
50.8 |
25.5 |
6.5 |
- |
|
Other intangible assets |
1.6 |
1.5 |
3.8 |
3.4 |
- |
|
Investment Secs. |
116.8 |
165.9 |
135.8 |
231.1 |
216.0 |
|
Deferred Inc Tax |
57.6 |
26.9 |
24.0 |
17.9 |
5.7 |
|
Other Assets |
41.9 |
42.8 |
51.2 |
46.3 |
35.8 |
|
Allow Doubt Acc. |
-9.9 |
-9.0 |
-9.1 |
-4.0 |
-3.3 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
Acc.& Note Payab |
264.2 |
254.0 |
223.3 |
185.3 |
145.6 |
|
ST Debts |
245.9 |
114.0 |
120.8 |
21.2 |
23.4 |
|
LT borrowings(current) |
1.5 |
0.8 |
0.9 |
8.1 |
0.5 |
|
Straight bonds (current) |
0.0 |
74.9 |
0.0 |
30.1 |
0.0 |
|
Lease obligations |
7.6 |
0.3 |
0.1 |
0.0 |
- |
|
Accrued Expenses |
16.6 |
15.0 |
11.9 |
14.5 |
9.4 |
|
Inc. Tax Payable |
2.3 |
15.6 |
47.0 |
35.2 |
27.3 |
|
Deferred tax liabilities (current) |
- |
- |
0.0 |
0.1 |
0.0 |
|
Allow for Bonus |
19.3 |
19.3 |
19.7 |
16.2 |
12.4 |
|
Allowance director's bonus |
0.6 |
0.6 |
0.9 |
0.9 |
0.8 |
|
Facility Note |
22.5 |
28.8 |
43.3 |
53.4 |
37.6 |
|
Accounts payable-facilities |
5.6 |
32.3 |
13.4 |
- |
- |
|
Other Cur. Liabs |
14.4 |
14.0 |
9.9 |
30.5 |
18.8 |
|
Total Current Liabilities |
600.5 |
569.5 |
491.0 |
395.6 |
275.7 |
|
|
|
|
|
|
|
|
Corp Bond |
- |
0.0 |
70.9 |
70.3 |
84.7 |
|
LT Debt |
0.6 |
2.8 |
- |
- |
- |
|
Lease obligations |
37.3 |
0.7 |
0.2 |
0.0 |
- |
|
Total Long Term Debt |
37.9 |
3.6 |
71.1 |
70.3 |
84.7 |
|
|
|
|
|
|
|
|
Deferred Taxes |
30.6 |
38.7 |
33.1 |
59.1 |
24.1 |
|
Accrued Retire |
75.6 |
68.7 |
65.6 |
65.6 |
53.9 |
|
Asset retirement obligations |
0.4 |
0.0 |
- |
- |
- |
|
Res. for Director Retirement Benefit |
- |
- |
- |
0.0 |
8.2 |
|
Other LT Liabs |
9.5 |
8.4 |
12.5 |
13.2 |
2.2 |
|
Minor. Interest |
0.0 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Total Liabilities |
754.6 |
689.1 |
673.7 |
603.9 |
448.9 |
|
|
|
|
|
|
|
|
Common Stock |
68.6 |
60.8 |
57.5 |
57.1 |
48.1 |
|
Paid-in Capital |
88.7 |
78.7 |
74.5 |
73.9 |
62.3 |
|
Retained Earning |
816.6 |
771.4 |
679.3 |
607.4 |
440.7 |
|
Unrlzd Gain Secs |
53.2 |
75.1 |
58.6 |
106.5 |
89.0 |
|
Translate Adjust |
-21.8 |
-12.2 |
-13.9 |
4.3 |
3.7 |
|
Treasury Stock |
-35.3 |
-24.8 |
-23.4 |
-23.0 |
-19.3 |
|
Total Equity |
970.0 |
949.1 |
832.7 |
826.2 |
624.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,724.6 |
1,638.2 |
1,506.3 |
1,430.2 |
1,073.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
Total Common Shares Outstanding |
42.9 |
43.2 |
43.2 |
43.2 |
43.2 |
|
T/S-Common Stock |
2.1 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Full-Time Employees |
4,121 |
3,728 |
3,631 |
3,126 |
2,534 |
|
Number of Common Shareholders |
13,129 |
11,690 |
6,403 |
3,689 |
5,750 |
|
LT Debts Maturing within 1yr. |
1.5 |
75.7 |
0.9 |
38.2 |
0.5 |
|
LT Debts Maturing within 2yr. |
0.6 |
2.3 |
72.8 |
1.4 |
0.8 |
|
LT Debts Maturing within 3yr. |
- |
0.5 |
1.8 |
71.2 |
0.3 |
|
LT Debts Maturing within 4yr. |
- |
0.0 |
0.1 |
1.0 |
0.2 |
|
LT Debts Maturing within 5yr. |
- |
0.0 |
0.1 |
0.1 |
0.2 |
|
Remaining |
- |
0.0 |
0.1 |
0.2 |
0.3 |
|
Total Long Term Debt, Supplemental |
2.1 |
78.5 |
75.8 |
112.2 |
2.3 |
|
Capital lease maturing within 1 yr. |
7.6 |
0.3 |
0.1 |
- |
- |
|
Capital lease maturing within 2 yr. |
7.5 |
0.2 |
0.1 |
- |
- |
|
Capital lease maturing within 3 yr. |
7.4 |
0.2 |
0.1 |
- |
- |
|
Capital lease maturing within 4 yr. |
7.3 |
0.1 |
0.1 |
- |
- |
|
Capital lease maturing within 5 yr. |
7.2 |
0.1 |
0.0 |
- |
- |
|
Capital lease maturing in remaining yr. |
7.9 |
0.1 |
0.0 |
- |
- |
|
Total Capital Leases |
44.9 |
1.0 |
0.3 |
- |
- |
|
Pension benefit |
91.9 |
81.9 |
76.8 |
79.1 |
68.3 |
|
Fair value of asset |
18.2 |
15.2 |
13.4 |
13.3 |
11.4 |
|
Funded status |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Total Funded Status |
-73.7 |
-66.7 |
-63.4 |
-65.8 |
-56.9 |
|
Disocunt rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
1.00% |
1.00% |
1.00% |
1.00% |
0.50% |
|
Unrecog. actuarial G/L |
0.5 |
0.5 |
0.5 |
0.2 |
2.9 |
|
Unrecognized Prior Service Cost |
-2.5 |
-2.5 |
-2.7 |
0.0 |
- |
|
Accured pension benefit |
-75.6 |
-68.7 |
-65.6 |
-65.6 |
-53.9 |
|
Net Assets Recognized on Balance Sheet |
-77.6 |
-70.8 |
-67.9 |
-65.4 |
-51.0 |
|
|
|
|
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 & Deposit |
256.1 |
218.5 |
206.2 |
268.1 |
305.1 |
|
Acc.& Note Rcvbl |
249.4 |
305.8 |
368.4 |
260.5 |
281.2 |
|
Inventories -Merchandise& finished goods |
82.2 |
80.6 |
87.6 |
97.6 |
89.5 |
|
Inventories - work-in-process |
55.2 |
64.4 |
91.5 |
101.2 |
71.1 |
|
Inventories -Raw materials&supplies |
36.2 |
38.7 |
39.9 |
50.9 |
38.2 |
|
Deferred Inc Tax |
31.8 |
27.5 |
36.8 |
32.7 |
23.7 |
|
Other Cur. Asset |
33.3 |
73.3 |
71.5 |
36.3 |
32.7 |
|
Allowance for doubtful accounts |
-2.4 |
-2.7 |
-3.8 |
-3.3 |
-3.4 |
|
Total Current Assets |
741.7 |
806.3 |
898.0 |
844.1 |
838.2 |
|
|
|
|
|
|
|
|
Buildings & structures |
272.0 |
269.8 |
288.3 |
283.8 |
270.6 |
|
Machinery |
192.0 |
200.6 |
215.3 |
215.6 |
206.2 |
|
Tools, furniture, & fixtures, net |
20.1 |
18.1 |
20.4 |
21.4 |
20.6 |
|
Land |
96.3 |
94.5 |
99.6 |
96.6 |
92.8 |
|
Lease assets, net |
42.2 |
42.8 |
45.5 |
45.9 |
41.2 |
|
Construction-in-progress |
32.7 |
19.1 |
22.1 |
21.7 |
13.0 |
|
Goodwill |
1.3 |
1.4 |
1.6 |
1.7 |
1.8 |
|
Software Rights |
49.3 |
50.8 |
50.5 |
50.4 |
50.1 |
|
Software in progress |
19.5 |
13.3 |
10.0 |
6.3 |
2.4 |
|
Other Intangible Asset |
1.7 |
1.6 |
1.7 |
1.6 |
1.6 |
|
Investment Secs. |
92.1 |
116.8 |
126.8 |
136.2 |
148.4 |
|
Other Assets |
109.6 |
99.4 |
83.1 |
79.3 |
76.9 |
|
Allowance for doubtful accounts |
-10.1 |
-9.9 |
-10.2 |
-9.9 |
-9.5 |
|
Adjustment |
0.0 |
- |
- |
- |
- |
|
Total Assets |
1,660.1 |
1,724.6 |
1,852.6 |
1,794.6 |
1,754.3 |
|
|
|
|
|
|
|
|
Acc.& Note Payable |
201.6 |
264.2 |
324.6 |
279.1 |
300.3 |
|
ST Debts |
250.4 |
245.9 |
256.0 |
246.3 |
121.3 |
|
LT borrowings(current) |
- |
1.5 |
- |
- |
- |
|
Current portion of bonds |
- |
0.0 |
0.0 |
0.0 |
79.1 |
|
Lease obligations |
- |
7.6 |
- |
- |
- |
|
Inc. Tax Payable |
1.5 |
2.3 |
3.2 |
4.3 |
4.7 |
|
Allow for Bonus |
29.4 |
19.3 |
11.9 |
25.2 |
31.9 |
|
Allowance director's bonus |
0.1 |
0.6 |
0.5 |
0.3 |
0.2 |
|
Note Facility |
10.8 |
22.5 |
26.9 |
27.6 |
35.9 |
|
Retir. Assets Obligation |
- |
- |
- |
0.2 |
0.6 |
|
Other Cur. Liabs |
65.1 |
36.6 |
56.5 |
56.4 |
44.4 |
|
Total Current Liabilities |
559.0 |
600.5 |
679.6 |
639.5 |
618.3 |
|
|
|
|
|
|
|
|
LT borrowings |
- |
0.6 |
- |
- |
- |
|
Lease obligations |
- |
37.3 |
- |
- |
- |
|
Total Long Term Debt |
- |
37.9 |
- |
- |
- |
|
|
|
|
|
|
|
|
Accrued Retire |
78.7 |
75.6 |
79.7 |
76.6 |
73.4 |
|
Asset retirement obligations |
0.4 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Other LT Liabs |
66.2 |
40.2 |
84.3 |
80.6 |
82.1 |
|
Minor. Interest |
- |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Liabilities |
704.2 |
754.6 |
844.1 |
797.1 |
774.3 |
|
|
|
|
|
|
|
|
Common Stock |
70.4 |
68.6 |
70.1 |
68.0 |
64.2 |
|
Paid-in Capital |
91.1 |
88.7 |
90.7 |
88.0 |
83.1 |
|
Retained earnings |
808.3 |
816.6 |
846.0 |
838.0 |
805.4 |
|
Treasury Stock |
-36.2 |
-35.3 |
-36.1 |
-35.0 |
-26.1 |
|
Unrlzd Gain Secs |
38.2 |
53.2 |
57.7 |
55.9 |
63.7 |
|
Translate Adjust |
-15.9 |
-21.8 |
-19.9 |
-17.5 |
-10.3 |
|
Total Equity |
955.9 |
970.0 |
1,008.5 |
997.5 |
980.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,660.1 |
1,724.6 |
1,852.6 |
1,794.6 |
1,754.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
42.9 |
42.9 |
42.9 |
42.9 |
43.2 |
|
Total Common Shares Outstanding |
42.9 |
42.9 |
42.9 |
42.9 |
43.2 |
|
T/S-Common Stock |
2.1 |
2.1 |
2.1 |
2.1 |
1.8 |
|
Full-Time Employees |
- |
4,121 |
4,042 |
3,928 |
3,931 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tomatsu Audit
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
-44.2 |
127.4 |
154.7 |
153.4 |
146.6 |
|
Depreciation |
120.6 |
98.3 |
78.5 |
42.1 |
27.3 |
|
Amort. of Goodwill |
0.6 |
0.6 |
0.6 |
0.0 |
0.2 |
|
Allowance for Bonus |
-2.3 |
-1.6 |
3.3 |
1.3 |
-0.7 |
|
Accrued Retire Bnft. |
-1.7 |
-0.7 |
-0.3 |
1.4 |
0.5 |
|
Impairment Loss |
- |
- |
- |
- |
0.0 |
|
Allowance director's bonus |
-0.1 |
-0.3 |
0.0 |
0.0 |
0.8 |
|
G/L on sale of LT inv't in secs. |
-17.8 |
0.0 |
-0.2 |
-1.3 |
- |
|
Gain Sale Marketable Secs |
- |
- |
- |
- |
-2.1 |
|
Loss Sale Marketable Secs |
- |
- |
- |
- |
0.0 |
|
Loss Val Inv.Secs. |
2.3 |
1.5 |
3.4 |
3.0 |
1.4 |
|
Allow Doubt Acc. |
-1.3 |
-0.7 |
6.0 |
-13.0 |
-6.7 |
|
Int.& Dividend Inc. |
-4.8 |
-5.4 |
-8.8 |
-5.7 |
-3.8 |
|
Interest Expenses |
1.8 |
2.1 |
1.8 |
1.6 |
1.3 |
|
Exchnage Gain/Loss |
0.3 |
-3.0 |
7.0 |
6.4 |
-0.8 |
|
G/L on sale/retire. of fixed assets |
0.5 |
1.6 |
-0.2 |
- |
- |
|
Gain Sale PPE |
- |
- |
- |
-4.2 |
-0.5 |
|
Loss Retire PPE |
- |
- |
- |
1.2 |
0.7 |
|
Director Bonus Paid |
- |
- |
- |
0.0 |
-0.8 |
|
Loss (gain) on valuation of debt securit |
0.0 |
2.7 |
0.0 |
- |
- |
|
Acc.& Note Rcvbl. |
0.0 |
22.3 |
-16.0 |
-22.5 |
-10.1 |
|
Inventories |
-19.4 |
15.8 |
-17.6 |
-13.9 |
-27.9 |
|
Acc.& Note Payable |
-16.0 |
16.2 |
55.4 |
9.9 |
11.4 |
|
Other Payable |
0.8 |
-1.3 |
2.4 |
1.1 |
3.4 |
|
Other, Net |
-4.5 |
11.0 |
-38.0 |
-6.9 |
-9.6 |
|
Int.& Dividend Rcv'd |
4.8 |
5.4 |
8.9 |
6.1 |
4.4 |
|
Interest Paid |
-1.9 |
-2.2 |
-1.8 |
-1.6 |
-1.3 |
|
Tax Paid |
-26.2 |
-89.8 |
-69.4 |
-56.8 |
-68.9 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
-8.4 |
200.1 |
169.6 |
101.9 |
64.9 |
|
|
|
|
|
|
|
|
Time Deposit Matured |
2.3 |
20.3 |
22.9 |
54.6 |
17.4 |
|
Time Deposit Made |
0.0 |
-8.1 |
-21.5 |
-0.4 |
-15.2 |
|
Sale/Rede. of Mark.Secs. |
0.0 |
4.4 |
36.9 |
43.8 |
0.0 |
|
Capital Expenditures |
-101.0 |
-130.0 |
-225.5 |
-91.9 |
-89.2 |
|
Sale of PPE |
7.5 |
2.2 |
1.6 |
6.4 |
0.8 |
|
Purchase of intangible assets |
-18.6 |
-24.6 |
0.0 |
- |
- |
|
Proceeds from sales of intangible assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Purch. of Inv.Secs. |
-0.3 |
-2.4 |
-7.2 |
-3.6 |
-5.8 |
|
Sale of Inv.Secs. |
31.3 |
0.0 |
2.8 |
10.1 |
17.1 |
|
Redempt.LT inv't in sec. |
0.8 |
0.0 |
10.0 |
0.0 |
- |
|
Purch. of business |
- |
- |
0.0 |
-15.9 |
0.0 |
|
Purch. of subs. se. |
0.0 |
0.0 |
- |
- |
- |
|
Purch of Affiliate Stock-con. change |
- |
0.0 |
- |
- |
- |
|
Loans Made |
0.0 |
-0.3 |
-1.0 |
-0.8 |
-0.2 |
|
Loans Collected |
0.2 |
0.3 |
1.2 |
6.1 |
0.7 |
|
Other, Net |
- |
0.0 |
-20.0 |
-6.6 |
-1.6 |
|
Cash from Investing Activities |
-77.9 |
-138.2 |
-200.0 |
1.8 |
-76.0 |
|
|
|
|
|
|
|
|
Redemption of bonds |
-81.7 |
0.0 |
-29.9 |
0.0 |
- |
|
ST Debt, Net |
115.4 |
-14.5 |
100.8 |
-5.6 |
8.5 |
|
Proceed from LT Debt |
- |
0.0 |
3.6 |
10.0 |
0.9 |
|
Repayment of LT Debt |
-1.7 |
-1.6 |
-7.3 |
-2.1 |
-1.5 |
|
Treasury Stock, Net |
-7.1 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
|
Dividend Paid |
-22.6 |
-20.9 |
-20.4 |
-16.2 |
-14.4 |
|
Proceed from minorities' payment |
- |
0.0 |
0.2 |
0.0 |
- |
|
Repayment of finance lease |
-6.7 |
-0.2 |
-0.1 |
0.0 |
- |
|
Cash from Financing Activities |
-4.4 |
-37.3 |
46.8 |
-14.1 |
-6.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-6.9 |
4.5 |
-18.1 |
-6.9 |
1.9 |
|
Net Change in Cash |
-97.6 |
29.2 |
-1.8 |
82.7 |
-16.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
297.3 |
244.9 |
228.3 |
118.0 |
131.4 |
|
Net Cash - Ending Balance |
199.6 |
274.1 |
226.5 |
200.7 |
115.3 |
|
Cash Interest Paid |
1.9 |
2.2 |
1.8 |
1.6 |
1.3 |
|
Cash Taxes Paid |
26.2 |
89.8 |
69.4 |
56.8 |
68.9 |
|
|
|
|
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 |
12 Months |
9 Months |
6 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 |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
-26.2 |
-44.2 |
-24.7 |
-17.0 |
2.9 |
|
Depreciation |
27.3 |
120.6 |
87.9 |
56.3 |
26.4 |
|
Amort.Goodwill |
0.2 |
0.6 |
0.5 |
0.3 |
0.2 |
|
Allowance for Bonus |
9.5 |
-2.3 |
-9.6 |
3.4 |
11.1 |
|
Allowance director's bonus |
-0.6 |
-0.1 |
-0.2 |
-0.3 |
-0.5 |
|
Accrued Retire Bnft. |
1.1 |
-1.7 |
0.6 |
-0.2 |
0.8 |
|
G/L on val. LT inv't in secs. |
0.0 |
2.3 |
2.1 |
2.5 |
1.1 |
|
Allow Doubt Acc. |
-0.4 |
-1.3 |
-0.2 |
-0.6 |
-0.2 |
|
Int.& Dividend Inc. |
-1.6 |
-4.8 |
-4.5 |
-3.2 |
-2.9 |
|
Interest Expenses |
0.4 |
1.8 |
1.3 |
0.9 |
0.4 |
|
Foreign exchange gains/losses |
1.0 |
0.3 |
1.5 |
1.8 |
-0.2 |
|
G/L on sale/retire. of fixed assets |
-0.1 |
0.5 |
0.5 |
0.5 |
0.0 |
|
Loss (gain) on liquidation of subsidiari |
2.6 |
- |
- |
- |
0.0 |
|
G/L on valuation of debt sec. |
- |
0.0 |
0.0 |
- |
- |
|
Gain Sale Inv.Secs. |
- |
-17.8 |
-15.0 |
- |
- |
|
Acc.& Note Rcvbl. |
65.3 |
0.0 |
-51.2 |
41.5 |
9.5 |
|
Inventories |
15.4 |
-19.4 |
-47.8 |
-81.4 |
-41.6 |
|
Acc.& Note Payable |
-70.4 |
-16.0 |
33.8 |
-0.7 |
29.1 |
|
Other Payable |
- |
0.8 |
- |
- |
- |
|
Other operating activities |
30.9 |
-4.5 |
-9.9 |
13.5 |
21.4 |
|
Int.& Dividend Rcv'd |
1.6 |
4.8 |
4.5 |
3.2 |
2.9 |
|
Interest Paid |
-0.4 |
-1.9 |
-1.4 |
-1.0 |
-0.2 |
|
Tax Paid |
-2.0 |
-26.2 |
-12.9 |
-10.7 |
-13.7 |
|
Income taxes refund |
12.0 |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
65.5 |
-8.4 |
-44.8 |
8.8 |
46.4 |
|
|
|
|
|
|
|
|
Time Deposit Matured |
- |
2.3 |
2.3 |
2.2 |
- |
|
Time Deposit Made |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Redemp. of Mark.Secs. |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Purch. of tangible&intangible assets |
-23.5 |
- |
-95.2 |
-65.0 |
-32.6 |
|
Sale of tangible&intangible assets |
2.5 |
- |
0.9 |
0.7 |
0.1 |
|
Capital Expenditures |
- |
-101.0 |
- |
- |
- |
|
Sale of fixed assets |
- |
7.5 |
- |
- |
- |
|
Purchase of intangible assets |
- |
-18.6 |
- |
- |
- |
|
Sale of Intangible Assets |
- |
0.0 |
- |
- |
- |
|
Purch. of Inv.Secs. |
0.0 |
-0.3 |
-0.3 |
-0.2 |
0.0 |
|
Sale of Inv.Secs. |
- |
31.3 |
27.6 |
- |
- |
|
Redempt.LT inv't in sec. |
0.0 |
0.8 |
0.4 |
- |
0.0 |
|
Purch. of subs. se. |
- |
0.0 |
0.0 |
0.0 |
- |
|
Loans Made |
0.0 |
0.0 |
0.0 |
-1.5 |
0.0 |
|
Loans Collected |
0.0 |
0.2 |
0.2 |
1.6 |
0.0 |
|
Cash from Investing Activities |
-20.9 |
-77.9 |
-64.2 |
-62.2 |
-32.5 |
|
|
|
|
|
|
|
|
ST Debt, Net |
-2.3 |
115.4 |
117.9 |
112.7 |
0.5 |
|
Repayment of LT Debt |
0.0 |
-1.7 |
-0.5 |
-0.3 |
-0.2 |
|
Repayments of lease obligations |
-2.0 |
-6.7 |
-4.8 |
-2.9 |
-1.1 |
|
Redemp Corp Bond |
- |
-81.7 |
-80.6 |
-78.7 |
- |
|
Treasury Stock, Net |
0.0 |
-7.1 |
-7.0 |
-6.8 |
0.0 |
|
Dividend Paid |
-10.7 |
-22.6 |
-22.2 |
-10.9 |
-9.7 |
|
Cash from Financing Activities |
-15.0 |
-4.4 |
2.8 |
13.0 |
-10.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
1.8 |
-6.9 |
-6.3 |
-5.5 |
2.1 |
|
Net Change in Cash |
31.4 |
-97.6 |
-112.4 |
-45.9 |
5.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
209.6 |
297.3 |
293.4 |
286.3 |
276.6 |
|
Net Cash - Ending Balance |
241.0 |
199.6 |
181.0 |
240.4 |
282.1 |
|
Cash Interest Paid |
0.4 |
1.9 |
1.4 |
1.0 |
0.2 |
|
Cash Taxes Paid |
-10.0 |
26.2 |
12.9 |
10.7 |
13.7 |
|
|
|
Financials in: As Reported (mil)
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Financials in: As Reported (mil)
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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.