MIRA INFORM REPORT

 

 

Report Date :           

16.12.2011

 

IDENTIFICATION DETAILS

 

Name :

TWINBIRD CORPORATION

 

 

Registered Office :

2084-2 Katamukai Nishiohta Aza, Ooaza Yoshidamacho, Nishi-Kanbara-gun, 959-0292

 

 

Country :

Japan

 

 

Financials (as on) :

25.03.2011

 

 

Date of Incorporation :

17.04.1962

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

manufacture and sale of home electric appliances.

 

 

No. of Employees :

294 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

----

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

TWINBIRD CORPORATION

2084-2 Katamukai Nishiohta Aza

Ooaza Yoshidamacho

Nishi-Kanbara-gun, 959-0292

Japan

Tel:       81-256-926111

Fax:      81 (256) 92-7582

Web:    www.twinbird.jp

 

 

Synthesis

 

Employees:                  294

Company Type:             Public Independent

Traded:                         Tokyo Stock Exchange: 6897

Incorporation Date:         17-Apr-1962

Auditor:                        Ernst & Young LLP       

Financials in:                 USD (Millions)

Fiscal Year End:            25-Mar-2011

Reporting Currency:       Japanese Yen

Annual Sales:               152.0  1

Net Income:                  8.5

Total Assets:                 101.3  2

Market Value:                38.0

(25-Nov-2011)

 

 

Business Description     

 

TWINBIRD CORPORATION is a company mainly engaged in the manufacture and sale of home electric appliances. The Company provides light equipment, such as fluorescent lighting and light-emitting diode (LED) table lamps; cooking electric appliances, including rice milling machines, microwave oven, home bakeries and toasters; cleaners, such as stick cleaner, horizontal cleaner and handy cleaner; home electric appliances, including air purifiers, humidifiers, tower fans and irons; refrigerators, including portable refrigerator and business refrigerator; audio and video (AV) equipment, including water-proof and digital versatile disk (DVD) players, water-proof wireless monitors and waterproof liquid crystal televisions; health beauty equipment, including scalp cleansing brushes and massagers; as well as other products, such as clocks, interior and houseware supplies. Through its associated company, the Company is also involved in the life and non-life insurance agency business. For the three months ended 25 June 2011, TWINBIRD Corporation's revenues totaled Y4.04B. The Company's net income totaled Y436.6M. The results are not comparable as the Company changed from non-consolidated to consolidated. Twinbird Corporation is a Japan-based company, mainly engaged in the manufacture and sale of home electric appliances and heath equipment. The Company provides light equipment.

Industry             

Industry            Appliance and Tool

ANZSIC 2006:    2449 - Other Domestic Appliance Manufacturing

NACE 2002:      2971 - Manufacture of electric domestic appliances

NAICS 2002:     335211 - Electric Housewares and Household Fan Manufacturing

UK SIC 2003:    2971 - Manufacture of electric domestic appliances

US SIC 1987:    3634 - Electric Housewares and Fans

 

 

Key Executives   

 

Name

Title

Shigeaki Nomizu

President, Representative Director

Yoshiyuki Fumizono

Chief Director of Sales, Director

Osamu Ohtsubo

Chief Director of Operation Management, Director of Accounting, Director of Information Management, Manager of Import Management Office, Director

Eiichi Watanabe

Deputy Chief Director of Development & Production, Director

Hideo Futonaka

Managing Director-Accounting

 

 

Significant Developments

 

Topic

#*

Most Recent Headline

Date

Expansion / New Markets / New Units

1

Twinbird Corporation Establishes New Subsidiary

28-Jan-2011

Positive Earnings Pre-Announcement

2

Twinbird Corporation Raises Consolidated Mid-year and Full-year Outlook for FY 2012

20-Sep-2011

Dividends

1

Twinbird Corporation Announces Payment of Year-end Dividend for FY 2011; Appoints Accounting Auditor; Appoints Chairman and President

28-Apr-2011

 

 

News

 

Title

Date

Twinbird 1H Group Net Profit Y468.00M
Nikkei English News (43 Words)

31-Oct-2011

Niche Firms Thrive Despite Shrinking Domestic Market
Nikkei English News (510 Words)

16-Oct-2011

Twinbird Ups 1H Group Net Profit View To Y380.00M
Nikkei English News (58 Words)

20-Sep-2011

Twinbird Ups 1H Parent Pretax Profit View To Y600.00M
Nikkei English News (58 Words)

20-Sep-2011

Twinbird Keeps FY Group Net Profit View Y730.00M
Nikkei English News (58 Words)

20-Sep-2011

 

 

 

 

* number of significant developments within the last 12 months   

 

 

 

Financial Summary    

 

As of 25-Sep-2011

Key Ratios                               Company         Industry

Current Ratio (MRQ)                   2.67                  2.14

Quick Ratio (MRQ)                     1.73                  1.32

Debt to Equity (MRQ)                 0.28                  0.55

Sales 5 Year Growth                  -7.05                 8.96

Net Profit Margin (TTM) %           7.27                  3.98

Return on Assets (TTM) %          12.87                5.32

Return on Equity (TTM) %           22.59                11.15

 

 

 

Stock Snapshot

 

 

Traded: Tokyo Stock Exchange: 6897

 

As of 25-Nov-2011

   Financials in: JPY

Recent Price

327.00

 

EPS

89.95

52 Week High

575.00

 

Price/Sales

0.23

52 Week Low

223.00

 

Dividend Rate

5.00

Avg. Volume (mil)

0.03

 

Price/Earnings

3.06

Market Value (mil)

2,952.81

 

Price/Book

0.59

 

 

 

Beta

1.23

 

Price % Change

Rel S&P 500%

4 Week

-14.84%

-7.03%

13 Week

-25.68%

-20.48%

52 Week

47.30%

81.31%

Year to Date

31.33%

67.04%

 

1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.86574

2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 81.13

 

Corporate Overview

 

Location

2084-2 Katamukai Nishiohta Aza

Ooaza Yoshidamacho

Nishi-Kanbara-gun, 959-0292

Japan

Tel:       81-256-926111

Fax:      81 (256) 92-7582

Web:    www.twinbird.jp

           

Quote Symbol - Exchange

6897 - Tokyo Stock Exchange

Sales JPY(mil):              13,054.5

Assets JPY(mil):            8,217.3

Employees:                   294

Fiscal Year End:            25-Mar-2011

Industry:                        Appliance and Tool

Incorporation Date:         17-Apr-1962

Company Type:             Public Independent

Quoted Status:              Quoted

President,

Representative Director:  Shigeaki Nomizu

 

Company Web Links

·         Corporate History/Profile

·         Home Page

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Market Data

·         Shareholders

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

6420     -          Auxiliary Insurance Services

2441     -          Whiteware Appliance Manufacturing

2429     -          Other Electronic Equipment Manufacturing

2449     -          Other Domestic Appliance Manufacturing

 

NACE 2002 Codes:

2971     -          Manufacture of electric domestic appliances

6720     -          Activities auxiliary to insurance and pension funding

3230     -          Manufacture of television and radio receivers, sound or video recording or reproducing apparatus and associated goods

 

NAICS 2002 Codes:

334310  -          Audio and Video Equipment Manufacturing

335212  -          Household Vacuum Cleaner Manufacturing

335222  -          Household Refrigerator and Home Freezer Manufacturing

335211  -          Electric Housewares and Household Fan Manufacturing

524210  -          Insurance Agencies and Brokerages

335228  -          Other Major Household Appliance Manufacturing

 

US SIC 1987:

3651     -          Household Audio and Video Equipment

3639     -          Household Appliances, Not Elsewhere Classified

6411     -          Insurance Agents, Brokers, and Service

3634     -          Electric Housewares and Fans

3632     -          Household Refrigerators and HOme and Farm Freezers

3635     -          Household Vacuum Cleaners

 

UK SIC 2003:

3230     -          Manufacture of television and radio receivers, sound or video recording or reproducing apparatus and associated goods

6720     -          Activities auxiliary to insurance and pension funding

2971     -          Manufacture of electric domestic appliances

 

Business Description

TWINBIRD CORPORATION is a company mainly engaged in the manufacture and sale of home electric appliances. The Company provides light equipment, such as fluorescent lighting and light-emitting diode (LED) table lamps; cooking electric appliances, including rice milling machines, microwave oven, home bakeries and toasters; cleaners, such as stick cleaner, horizontal cleaner and handy cleaner; home electric appliances, including air purifiers, humidifiers, tower fans and irons; refrigerators, including portable refrigerator and business refrigerator; audio and video (AV) equipment, including water-proof and digital versatile disk (DVD) players, water-proof wireless monitors and waterproof liquid crystal televisions; health beauty equipment, including scalp cleansing brushes and massagers; as well as other products, such as clocks, interior and houseware supplies. Through its associated company, the Company is also involved in the life and non-life insurance agency business. For the three months ended 25 June 2011, TWINBIRD Corporation's revenues totaled Y4.04B. The Company's net income totaled Y436.6M. The results are not comparable as the Company changed from non-consolidated to consolidated. Twinbird Corporation is a Japan-based company, mainly engaged in the manufacture and sale of home electric appliances and heath equipment. The Company provides light equipment.

 

More Business Descriptions

Manufacture and wholesale trade in consumer electronics and goods for outdoor pursuits

Appliance, Television and Other Electronics Stores

 

 

Financial Data

Financials in:

JPY(mil)

 

Revenue:

13,054.5

Net Income:

729.0

Assets:

8,217.3

Long Term Debt:

955.5

 

Total Liabilities:

3,371.2

 

Working Capital:

2.3

 

 

 

Date of Financial Data:

25-Mar-2011

 

1 Year Growth

5.6%

15.0%

2.4%

Market Data

Quote Symbol:

6897

Exchange:

Tokyo Stock Exchange

Currency:

JPY

Stock Price:

327.0

Stock Price Date:

11-25-2011

52 Week Price Change %:

47.3

Market Value (mil):

2,952,810.0

 

SEDOL:

6908982

ISIN:

JP3531100000

 

Equity and Dept Distribution:

FY'99-'02 WAS estimated. FY'05-'08 1&3Q FY'09 3Q WAS estimated and o/s=WAS. FY'09 1Q WAS=o/s. Co. started to report non-consolidated financials from 25 June 2007.

 

 

Shareholders

 

 

Major Shareholders

Soei Co (11.2%); Employees' Stockholding (5.3%)

 

 

 

 

Key Corporate Relationships

Auditor:

Ernst & Young LLP

 

Auditor:

Ernst & Young LLP

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Shigekatsu Nomizu

 

Chairman of the Board

Chairman

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Shigekatsu Nomizu has been serving as Chairman of the Board in TWINBIRD CORPORATION since June 2011. He is also serving as Chairman of a China-based company. His previous titles include President, Chief Director of Sales, Chief Director of Domestic Sales, Chief Director of SC Business, Senior Managing Director and Representative Director in the Company.

Masami Aoki

 

Director

Director/Board Member

 

 

Yoshiyuki Fumizono

 

Chief Director of Sales, Director

Director/Board Member

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Yoshiyuki Fumizono has been serving as Chief Director of Sales and Director in TWINBIRD CORPORATION since June 2011. He joined the Company in December 2009. He used to work for Director of Sales Planning and Deputy Chief Director of Sales in the Company. He used to work for Pioneer Corporation.

Mitsuo Hirota

 

Managing Director, Deputy Chief Director of Development & Production, Director of Product Development

Director/Board Member

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Mitsuo Hirota has been serving as Managing Director, Deputy Chief Director of Development & Production and Director of Product Development in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1990. He used to work for other company.

Hiroshi Matsubara

 

Vice President

Director/Board Member

 

 

Sadayoshi Matsubara

 

Senior Managing Director, Chief Director of Development & Production

Director/Board Member

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Sadayoshi Matsubara has been serving as Senior Managing Director and Chief Director of Development & Production in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1978. His previous titles include Managing Director, Director of Information System, Director of Material, Director of Manufacturing and Director of Quality Assurance in the Company.

Shigeaki Nomizu

 

President, Representative Director

Director/Board Member

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Shigeaki Nomizu has been serving as President and Representative Director in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1989 and used to serve as Senior Managing Director, Manager of Export Management Office, Director of Information Management, Director of Overseas Sales, Deputy Chief Director in Main Sales Unit and Manager of Tokyo Office in the Company.

Osamu Ohtsubo

 

Chief Director of Operation Management, Director of Accounting, Director of Information Management, Manager of Import Management Office, Director

Director/Board Member

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Osamu Ohtsubo has been serving as Chief Director of Operation Management, Director of Accounting, Director of Information Management, Manager of Import Management Office and Director in TWINBIRD CORPORATION since June 2011. He joined the Company in February 2011. He used to work for THE DAISHI BANK.

Tsutomu Sato

 

Managing Director, Deputy Chief Director of Development & Production, Director of Manufacturing

Director/Board Member

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Tsutomu Sato has been serving as Managing Director, Deputy Chief Director of Development & Production and Director of Manufacturing in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1979 and used to serve as Director of Production Management and Director in the Company.

Eiichi Watanabe

 

Deputy Chief Director of Development & Production, Director

Director/Board Member

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Eiichi Watanabe has been serving as Deputy Chief Director of Development & Production and Director in TWINBIRD CORPORATION since June 2011. He is also serving as General Manager of Director in a China-based subsidiary. He joined the Company in April 1990 and served as Director of Product Development, Managing Director and Director of Planning and Director in the Company.

 

Executives

 

Name

Title

Function

 

Shigeaki Nomizu

 

President, Representative Director

President

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Shigeaki Nomizu has been serving as President and Representative Director in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1989 and used to serve as Senior Managing Director, Manager of Export Management Office, Director of Information Management, Director of Overseas Sales, Deputy Chief Director in Main Sales Unit and Manager of Tokyo Office in the Company.

Hideo Futonaka

 

Managing Director-Accounting

Managing Director

 

 

Mitsuo Hirota

 

Managing Director, Deputy Chief Director of Development & Production, Director of Product Development

Managing Director

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Mitsuo Hirota has been serving as Managing Director, Deputy Chief Director of Development & Production and Director of Product Development in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1990. He used to work for other company.

Sadayoshi Matsubara

 

Senior Managing Director, Chief Director of Development & Production

Managing Director

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Sadayoshi Matsubara has been serving as Senior Managing Director and Chief Director of Development & Production in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1978. His previous titles include Managing Director, Director of Information System, Director of Material, Director of Manufacturing and Director of Quality Assurance in the Company.

Tsutomu Sato

 

Managing Director, Deputy Chief Director of Development & Production, Director of Manufacturing

Managing Director

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Tsutomu Sato has been serving as Managing Director, Deputy Chief Director of Development & Production and Director of Manufacturing in TWINBIRD CORPORATION since June 2011. He joined the Company in March 1979 and used to serve as Director of Production Management and Director in the Company.

Osamu Ohtsubo

 

Chief Director of Operation Management, Director of Accounting, Director of Information Management, Manager of Import Management Office, Director

Operations Executive

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Osamu Ohtsubo has been serving as Chief Director of Operation Management, Director of Accounting, Director of Information Management, Manager of Import Management Office and Director in TWINBIRD CORPORATION since June 2011. He joined the Company in February 2011. He used to work for THE DAISHI BANK.

Masazumi Shimada

 

Auditor

Finance Executive

 

 

Yoshiyuki Fumizono

 

Chief Director of Sales, Director

Sales Executive

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Yoshiyuki Fumizono has been serving as Chief Director of Sales and Director in TWINBIRD CORPORATION since June 2011. He joined the Company in December 2009. He used to work for Director of Sales Planning and Deputy Chief Director of Sales in the Company. He used to work for Pioneer Corporation.

Eiichi Watanabe

 

Deputy Chief Director of Development & Production, Director

Manufacturing Executive

 

 

Reuters Biography (TWINBIRD CORPORATION)

Mr. Eiichi Watanabe has been serving as Deputy Chief Director of Development & Production and Director in TWINBIRD CORPORATION since June 2011. He is also serving as General Manager of Director in a China-based subsidiary. He joined the Company in April 1990 and served as Director of Product Development, Managing Director and Director of Planning and Director in the Company.

 

 

Significant Developments

 

Twinbird Corporation Raises Consolidated Mid-year and Full-year Outlook for FY 2012 Sep 20, 2011

 

Twinbird Corporation announced that it has raised the consolidated mid-year outlook for revenue from JPY 6,920 million to JPY 7,510 million, operating profit from JPY 280 million to JPY 980 million, ordinary profit from JPY 380 million to JPY 580 million, net profit from JPY 280 million to JPY 380 million and earning per share from JPY 32.08 to JPY 43.54 for the fiscal year ending March 25, 2012. The Company has also raised the consolidated full-year outlook for operating profit from JPY 880 million to JPY 1,580 million, but has reaffirmed the revenue at 14,700 million, ordinary profit at JPY 1,180 million, net profit at JPY 730 million and earning per share at JPY 83.64 for the fiscal year ending March 25, 2012. The positive outlook is mainly due to good sales of product.

 

Twinbird Corporation Announces Payment of Year-end Dividend for FY 2011; Appoints Accounting Auditor; Appoints Chairman and President Apr 28, 2011

 

Twinbird Corporation announced that it has decided to pay a year-end dividend of JPY 5.00 per share (including a common dividend of JPY 2.50 per share and a commemorative dividend of JPY 2.50 per share), above the last forecast of JPY 2.50 per share, which was announced on April 28, 2010, to all shareholders of record as of March 25, 2011, for the fiscal year ended March 25, 2011. The payment will be conducted on June 23, 2011. The Company has appointed Yusei Audit & Co. as accounting auditor, to replace Ernst & Young ShinNihon LLC, effective June 22, 2011. The Company has appointed Shigekatsu Nomizu as Chairman of the Board, Shigeaki Nomizu as President and Representative Director, effective June 22, 2011.

 

Twinbird Corporation Amends Full-year Consolidated Outlook for FY Ending March 25, 2011 Jan 28, 2011

 

Twinbird Corporation announced that it has affirmed its full-year consolidated outlook for revenue of JPY 13,000 million, as well as raised its full-year consolidated outlook for operating profit from JPY 1,100 million to JPY 1,500 million, ordinary profit from JPY 450 million to JPY 800 million, net profit from JPY 400 million to JPY 700 million and earning per share from JPY 45.83 to JPY 80.21 for the fiscal year ending March 25, 2011. The Company raised its full-year outlook mainly due to the depreciation of the yen and decreased manufacturing cost.

 

Twinbird Corporation Establishes New Subsidiary Jan 28, 2011

 

Twinbird Corporation announced that it has established a wholly owned subsidiary, which will be mainly engaged in sale of household electric appliance in China, on January 1, 2011.

 

 

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Net Sales

152.0

132.9

121.3

102.7

155.8

Revenue

152.0

132.9

121.3

102.7

155.8

Total Revenue

152.0

132.9

121.3

102.7

155.8

 

 

 

 

 

 

    Cost of Revenue

99.4

94.0

91.3

81.3

123.6

Cost of Revenue, Total

99.4

94.0

91.3

81.3

123.6

Gross Profit

52.7

38.8

30.0

21.5

32.3

 

 

 

 

 

 

    Selling/General/Administrative Expense

13.8

11.8

9.9

7.7

21.6

    Labor & Related Expense

15.0

11.7

10.0

8.3

11.6

    Advertising Expense

2.1

1.9

1.7

1.4

-

Total Selling/General/Administrative Expenses

30.9

25.4

21.7

17.5

33.2

Research & Development

2.8

1.4

2.2

1.1

3.0

    Depreciation

0.6

0.5

0.5

0.4

0.7

Depreciation/Amortization

0.6

0.5

0.5

0.4

0.7

    Restructuring Charge

-

-

-

0.0

1.6

    Impairment-Assets Held for Use

0.2

0.4

0.0

0.2

1.5

    Impairment-Assets Held for Sale

0.1

0.0

0.4

0.0

0.0

    Other Unusual Expense (Income)

0.3

0.0

0.0

-0.6

0.6

Unusual Expense (Income)

0.6

0.4

0.4

-0.4

3.8

Total Operating Expense

134.3

121.7

116.0

99.8

164.2

 

 

 

 

 

 

Operating Income

17.8

11.2

5.3

2.9

-8.3

 

 

 

 

 

 

        Interest Expense - Non-Operating

-0.4

-0.5

-0.6

-0.6

-0.9

    Interest Expense, Net Non-Operating

-0.4

-0.5

-0.6

-0.6

-0.9

        Interest Income - Non-Operating

0.0

0.0

0.0

0.0

0.0

        Investment Income - Non-Operating

-7.6

-2.1

-0.6

-0.7

2.2

    Interest/Investment Income - Non-Operating

-7.5

-2.1

-0.6

-0.7

2.2

Interest Income (Expense) - Net Non-Operating Total

-8.0

-2.6

-1.2

-1.3

1.3

Gain (Loss) on Sale of Assets

-0.4

-0.8

-0.3

4.3

-1.2

    Other Non-Operating Income (Expense)

-1.3

-0.9

-1.0

-0.7

-0.6

Other, Net

-1.3

-0.9

-1.0

-0.7

-0.6

Income Before Tax

8.1

6.9

2.8

5.1

-8.7

 

 

 

 

 

 

Total Income Tax

-0.4

0.1

0.1

-0.1

0.8

Income After Tax

8.5

6.8

2.8

5.2

-9.6

 

 

 

 

 

 

    Minority Interest

-

-

-

-

-0.2

Net Income Before Extraord Items

8.5

6.8

2.8

5.2

-9.8

Net Income

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

    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

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Basic EPS Excl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Basic/Primary EPS Incl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

8.5

6.8

2.8

5.2

-9.8

Diluted Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Diluted EPS Excl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Diluted EPS Incl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Dividends per Share - Common Stock Primary Issue

0.06

0.03

0.02

0.00

0.00

Gross Dividends - Common Stock

0.8

0.2

0.2

0.0

0.0

Interest Expense, Supplemental

0.4

0.5

0.6

0.6

0.9

Depreciation, Supplemental

2.9

3.3

2.7

2.7

3.3

Total Special Items

1.0

1.2

0.6

-4.7

4.9

Normalized Income Before Tax

9.1

8.1

3.5

0.4

-3.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.4

0.0

0.0

-1.6

1.7

Inc Tax Ex Impact of Sp Items

0.0

0.1

0.1

-1.8

2.6

Normalized Income After Tax

9.1

8.0

3.4

2.2

-6.4

 

 

 

 

 

 

Normalized Inc. Avail to Com.

9.1

8.0

3.4

2.2

-6.6

 

 

 

 

 

 

Basic Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Diluted Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Rental Expenses

0.2

1.0

0.9

0.9

-

Advertising Expense, Supplemental

2.1

1.9

1.7

1.4

-

Research & Development Exp, Supplemental

5.8

5.1

5.0

4.4

3.0

Reported Operating Profit

18.4

11.6

6.3

2.9

-2.0

Reported Ordinary Profit

9.1

8.1

3.3

-0.6

-3.9

Normalized EBIT

18.4

11.6

5.6

2.5

-4.6

Normalized EBITDA

21.3

14.9

8.3

5.2

-1.3

Interest Cost - Domestic

-

0.1

0.1

0.1

0.1

Service Cost - Domestic

-

0.4

0.4

0.4

0.4

Expected Return on Assets - Domestic

-

0.0

0.0

0.0

0.0

Actuarial Gains and Losses - Domestic

-

0.1

0.0

0.0

0.0

Transition Costs - Domestic

-

-

-

-

0.0

Domestic Pension Plan Expense

-

0.6

0.5

0.4

0.5

Total Pension Expense

-

0.6

0.5

0.4

0.5

Discount Rate - Domestic

-

2.00%

2.00%

2.00%

-

Expected Rate of Return - Domestic

-

0.75%

0.75%

0.75%

-

Total Plan Interest Cost

-

0.1

0.1

0.1

0.1

Total Plan Service Cost

-

0.4

0.4

0.4

0.4

Total Plan Expected Return

-

0.0

0.0

0.0

0.0

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

UpdateType/Date

Updated Normal
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal
25-Mar-2009

Updated Normal
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

81.13

92.69

97.72

100.075

117.825

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Cash & Equivalents

10.4

13.2

6.7

8.0

8.2

Cash and Short Term Investments

10.4

13.2

6.7

8.0

8.2

        Accounts Receivable - Trade, Gross

28.0

22.2

19.6

18.5

27.8

        Provision for Doubtful Accounts

-0.1

0.0

-0.1

-0.1

-0.2

    Trade Accounts Receivable - Net

27.9

22.1

19.5

18.4

27.6

    Notes Receivable - Short Term

7.1

5.4

3.1

2.9

-

    Other Receivables

1.3

1.4

0.7

2.3

-

Total Receivables, Net

36.3

28.9

23.4

23.6

27.6

    Inventories - Finished Goods

15.8

14.4

16.5

15.6

-

    Inventories - Work In Progress

1.0

1.3

2.0

2.5

-

    Inventories - Raw Materials

1.3

1.2

1.8

1.5

-

    Inventories - Other

-

0.1

0.2

0.1

-

Total Inventory

18.1

17.0

20.4

19.7

26.4

Prepaid Expenses

0.2

0.1

0.1

0.1

-

    Deferred Income Tax - Current Asset

0.5

0.0

-

-

0.1

    Other Current Assets

0.2

0.1

0.1

0.1

2.6

Other Current Assets, Total

0.7

0.1

0.1

0.1

2.7

Total Current Assets

65.7

59.3

50.6

51.5

65.0

 

 

 

 

 

 

        Buildings

41.1

37.4

37.1

36.2

36.0

        Land/Improvements

14.8

12.9

12.6

12.3

18.4

        Machinery/Equipment

37.8

33.5

35.5

36.0

8.8

        Construction in Progress

0.2

0.1

0.2

0.2

0.0

        Leases

3.6

1.6

0.2

0.0

-

        Other Property/Plant/Equipment

-

-

-

-

26.8

    Property/Plant/Equipment - Gross

97.5

85.7

85.6

84.7

90.1

    Accumulated Depreciation

-68.7

-61.0

-61.3

-60.4

-57.5

Property/Plant/Equipment - Net

28.8

24.7

24.3

24.3

32.6

Goodwill, Net

0.0

0.0

0.0

0.0

-

Intangibles, Net

1.0

0.3

0.3

0.2

0.3

    LT Investment - Affiliate Companies

2.5

0.0

0.0

0.0

-

    LT Investments - Other

2.0

1.3

1.1

1.2

4.9

Long Term Investments

4.5

1.3

1.1

1.3

4.9

Note Receivable - Long Term

-

0.3

0.0

0.6

-

    Deferred Income Tax - Long Term Asset

-

-

-

-

0.3

    Other Long Term Assets

1.3

0.7

1.0

0.4

1.3

Other Long Term Assets, Total

1.3

0.7

1.0

0.4

1.5

Total Assets

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

Accounts Payable

3.3

2.4

2.0

2.9

19.3

Accrued Expenses

4.1

3.7

2.5

2.5

1.1

Notes Payable/Short Term Debt

3.0

14.0

20.6

22.7

17.6

Current Portion - Long Term Debt/Capital Leases

6.5

5.2

3.8

3.7

9.1

    Customer Advances

0.1

0.1

0.1

0.1

-

    Income Taxes Payable

0.2

0.2

0.2

0.2

0.4

    Other Payables

4.4

2.1

1.7

2.2

-

    Other Current Liabilities

4.3

0.2

0.5

2.2

8.9

Other Current liabilities, Total

9.0

2.7

2.4

4.6

9.3

Total Current Liabilities

25.9

28.0

31.4

36.5

56.4

 

 

 

 

 

 

    Long Term Debt

10.6

8.3

5.2

4.5

12.4

    Capital Lease Obligations

1.1

0.7

0.2

0.0

-

Total Long Term Debt

11.8

9.0

5.4

4.5

12.4

Total Debt

21.3

28.2

29.8

31.0

39.1

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

0.0

0.0

0.0

0.0

0.6

Deferred Income Tax

0.0

0.0

0.0

0.0

0.6

Minority Interest

-

-

-

-

1.3

    Pension Benefits - Underfunded

3.8

4.8

4.4

4.1

4.7

    Other Long Term Liabilities

0.1

0.1

0.0

0.2

0.9

Other Liabilities, Total

3.9

4.9

4.4

4.4

5.6

Total Liabilities

41.6

41.9

41.2

45.4

76.3

 

 

 

 

 

 

    Common Stock

21.5

18.8

17.8

17.4

14.8

Common Stock

21.5

18.8

17.8

17.4

14.8

Additional Paid-In Capital

11.7

10.3

9.8

9.5

14.8

Retained Earnings (Accumulated Deficit)

26.8

16.0

8.9

6.0

-2.2

Treasury Stock - Common

-0.5

-0.4

-0.4

0.0

0.0

Unrealized Gain (Loss)

0.2

0.0

0.0

-0.1

0.6

Total Equity

59.7

44.7

36.1

32.9

28.0

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

8.7

8.7

8.7

9.0

9.0

Total Common Shares Outstanding

8.7

8.7

8.7

9.0

9.0

Treasury Shares - Common Stock Primary Issue

0.3

0.3

0.3

0.0

0.0

Employees

294

284

274

278

402

Number of Common Shareholders

914

908

858

859

769

Deferred Revenue - Current

0.1

0.1

0.1

0.1

-

Total Long Term Debt, Supplemental

-

12.8

9.0

8.3

12.4

Long Term Debt Maturing within 1 Year

-

4.5

3.8

3.7

2.8

Long Term Debt Maturing in Year 2

-

2.7

2.7

2.7

2.8

Long Term Debt Maturing in Year 3

-

2.5

1.1

1.7

3.9

Long Term Debt Maturing in Year 4

-

2.4

0.8

0.1

2.1

Long Term Debt Maturing in Year 5

-

0.7

0.6

-

0.4

Long Term Debt Maturing in 2-3 Years

-

5.2

3.8

4.4

6.8

Long Term Debt Maturing in 4-5 Years

-

3.1

1.4

0.1

2.5

Long Term Debt Matur. in Year 6 & Beyond

-

0.0

0.0

0.0

0.3

Total Capital Leases, Supplemental

-

1.4

0.2

-

-

Capital Lease Payments Due in Year 1

-

0.7

0.0

-

-

Capital Lease Payments Due in Year 2

-

0.6

0.0

-

-

Capital Lease Payments Due in Year 3

-

0.1

0.0

-

-

Capital Lease Payments Due in Year 4

-

0.1

0.0

-

-

Capital Lease Payments Due in Year 5

-

0.0

0.0

-

-

Capital Lease Payments Due in 2-3 Years

-

0.6

0.1

-

-

Capital Lease Payments Due in 4-5 Years

-

0.1

0.1

-

-

Cap. Lease Pymts. Due in Year 6 & Beyond

-

0.0

0.0

-

-

Pension Obligation - Domestic

-

7.2

6.3

5.9

6.0

Plan Assets - Domestic

-

3.7

2.8

3.4

4.2

Funded Status - Domestic

-

-3.5

-3.5

-2.5

-1.9

Total Funded Status

-

-3.5

-3.5

-2.5

-1.9

Discount Rate - Domestic

-

2.00%

2.00%

2.00%

2.00%

Expected Rate of Return - Domestic

-

0.75%

0.75%

0.75%

0.75%

Accrued Liabilities - Domestic

-

-3.2

-2.9

-2.7

-2.4

Other Assets, Net - Domestic

-

0.2

0.6

-0.2

-0.5

Net Assets Recognized on Balance Sheet

-

-3.0

-2.3

-2.9

-2.9

Total Plan Obligations

-

7.2

6.3

5.9

6.0

Total Plan Assets

-

3.7

2.8

3.4

4.2

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

Net Income/Starting Line

8.1

6.9

2.8

5.1

-8.7

    Depreciation

2.9

3.3

2.7

2.7

3.3

Depreciation/Depletion

2.9

3.3

2.7

2.7

3.3

    Unusual Items

0.7

1.2

0.4

-5.2

4.3

    Other Non-Cash Items

-1.5

0.8

0.0

-0.4

0.8

Non-Cash Items

-0.7

2.0

0.5

-5.5

5.0

    Accounts Receivable

-3.4

-3.6

-0.8

1.4

3.8

    Inventories

1.3

4.5

-0.2

2.9

2.3

    Other Assets

-0.1

-0.3

2.2

-0.1

0.0

    Accounts Payable

-1.6

-1.6

-1.8

-0.9

-2.3

    Accrued Expenses

0.0

0.2

0.1

-0.1

-0.1

    Other Liabilities

5.1

0.8

-2.5

0.5

-0.4

    Other Operating Cash Flow

-0.4

-0.5

-0.6

-0.6

-1.9

Changes in Working Capital

0.9

-0.5

-3.6

3.1

1.5

Cash from Operating Activities

11.2

11.7

2.4

5.4

1.0

 

 

 

 

 

 

    Purchase of Fixed Assets

-3.2

-2.8

-2.2

-2.4

-2.7

    Purchase/Acquisition of Intangibles

-0.2

-0.1

0.0

-0.1

-

Capital Expenditures

-3.4

-2.8

-2.3

-2.5

-2.7

    Sale of Fixed Assets

0.0

0.0

0.0

3.9

0.9

    Sale/Maturity of Investment

0.1

0.1

0.1

11.0

16.8

    Purchase of Investments

-4.6

-0.3

-0.3

-1.0

-11.6

    Other Investing Cash Flow

-

-

-

-

0.0

Other Investing Cash Flow Items, Total

-4.4

-0.1

-0.1

13.8

6.0

Cash from Investing Activities

-7.8

-3.0

-2.4

11.3

3.4

 

 

 

 

 

 

    Other Financing Cash Flow

-

-

-

-

0.0

Financing Cash Flow Items

-

-

-

-

0.0

    Cash Dividends Paid - Common

-0.4

-0.2

-0.1

0.0

0.0

Total Cash Dividends Paid

-0.4

-0.2

-0.1

0.0

0.0

        Repurchase/Retirement of Common

0.0

0.0

-0.4

0.0

0.0

    Common Stock, Net

0.0

0.0

-0.4

0.0

0.0

Issuance (Retirement) of Stock, Net

0.0

0.0

-0.4

0.0

0.0

    Short Term Debt, Net

-10.3

-5.9

-1.5

-1.5

4.5

        Long Term Debt Issued

8.8

8.6

5.0

0.0

4.3

        Long Term Debt Reduction

-7.3

-5.0

-4.5

-12.9

-14.1

    Long Term Debt, Net

1.5

3.6

0.5

-12.9

-9.9

Issuance (Retirement) of Debt, Net

-8.8

-2.2

-1.0

-14.4

-5.4

Cash from Financing Activities

-9.2

-2.5

-1.5

-14.4

-5.4

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

0.0

0.0

0.0

Net Change in Cash

-5.9

6.3

-1.6

2.3

-1.0

 

 

 

 

 

 

Net Cash - Beginning Balance

11.4

4.3

5.5

2.6

4.8

Net Cash - Ending Balance

5.5

10.5

4.0

4.8

3.9

Cash Interest Paid

0.4

0.5

0.5

0.7

0.8

Cash Taxes Paid

0.1

0.1

0.1

0.1

1.2

 

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Finished goods sales, net

152.0

132.8

121.3

102.6

-

    Merchandise sales, net

0.0

0.0

0.0

0.1

-

    Net Sales

-

-

-

-

155.8

Total Revenue

152.0

132.9

121.3

102.7

155.8

 

 

 

 

 

 

    Cost-finished goods sold

99.4

94.0

90.6

80.8

-

    Cost-merchandise sold

0.0

0.0

0.0

0.1

-

    Cost of Sales

-

-

-

-

121.0

    Shipping Fee

5.6

5.1

4.6

3.9

8.7

    Product repair

1.5

1.5

1.9

1.1

-

    Advertisement

2.1

1.9

1.7

1.4

-

    Director's remuneration

1.3

0.8

0.6

0.3

-

    Allw.DoubtAcct.

-

-

-

-

0.0

    Salary

8.5

7.7

6.7

6.0

10.1

    Bonus

1.6

0.8

0.7

0.4

0.9

    Allowance Bonus

0.7

0.7

0.6

0.4

0.6

    Allw.Director Retire

0.5

0.0

-

-

-

    Retirement benefit expenses

0.4

0.3

-

-

-

    Welfare

1.9

1.4

1.5

1.2

-

    Travel expense

1.1

0.8

0.9

0.7

-

    Depreciation

0.6

0.5

0.5

0.4

0.7

    Rental expense

0.2

1.0

0.9

0.9

-

    Research & Develop

2.8

1.4

2.2

1.1

3.0

    Other SGA

5.3

3.4

1.7

1.1

12.8

    SP Reversal doubtful accounts

-

-

0.0

0.0

-

    SP Reversal recall loss reserve

0.0

0.0

0.0

-0.1

-

    SP Reversal director's retire reserve

-

-

0.0

-0.8

-

    SP Other Special Gain

0.0

0.0

0.0

0.0

0.0

    SP L on val. inv't. secs.

0.1

0.0

0.4

0.0

0.0

    SP Impairment loss

0.2

0.4

0.0

0.2

1.5

    SP Loss Recall

0.3

0.0

-

0.0

0.5

    SP Acct. Chg.Accr. Ret.

-

-

-

-

0.0

    SP Reserve Loss on Recall

-

-

-

0.0

0.1

    SP FPSC restructuring

-

-

-

0.0

1.6

    SP Special Retirement benefit

-

-

0.0

0.3

-

    SP Other Special Loss

0.0

0.0

0.0

0.0

0.0

    NOP Retire inventory

-

0.0

0.1

0.1

1.3

    NOP Loss Val.Inventory

-

0.0

0.6

0.3

1.3

Total Operating Expense

134.3

121.7

116.0

99.8

164.2

 

 

 

 

 

 

    NOP Interest Income

0.0

0.0

0.0

0.0

0.0

    NOP Interest on marketable secs

0.0

0.0

0.0

0.0

-

    NOP Dividend Income

0.0

0.0

0.0

0.2

0.1

    NOP Fixed asset rental income

0.0

0.0

0.0

0.0

-

    NOP Exchange Gain

-

-

-

-

0.3

    NOP Management guidance Income

-

0.0

0.0

0.0

-

    NOP G.Liquidate Gift Cert

-

-

-

-

1.8

    NOP Other Non-Op Inc.

0.1

0.1

0.0

0.1

0.4

    NOP Interest expense

-0.4

-0.5

-0.6

-0.6

-

    NOP Int.&Disct. Exp.

-

-

-

-

-0.9

    NOP Loss Sales Note

0.0

0.0

-0.1

-0.1

-0.1

    NOP Sales Discount

-1.2

-1.0

-1.0

-0.8

-0.7

    NOP Exchange Loss

-7.6

-2.2

-0.8

-1.8

-

    NOP Other Non-Op Exp.

-0.2

0.0

0.0

-0.1

-0.3

    SP G on sales of investment securities

-

0.0

0.1

1.0

1.8

    SP Gain on sales of noncurrent assets

0.0

0.0

0.0

0.4

-

    SP G on sale of subsidiaries' stocks

-

-

0.0

4.3

-

    SP Loss Sale Fixed Asset

-

-

-

-

0.0

    SP Loss Dispose F.Asset

-0.4

-0.8

-0.2

-0.3

-2.8

Net Income Before Taxes

8.1

6.9

2.8

5.1

-8.7

 

 

 

 

 

 

Provision for Income Taxes

-0.4

0.1

0.1

-0.1

0.8

Net Income After Taxes

8.5

6.8

2.8

5.2

-9.6

 

 

 

 

 

 

    Minority Interest

-

-

-

-

-0.2

Net Income Before Extra. Items

8.5

6.8

2.8

5.2

-9.8

Net Income

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

    Adjustment

0.0

0.0

0.0

0.0

-

Income Available to Com Excl ExtraOrd

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Basic Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Basic EPS Excluding ExtraOrdinary Items

0.97

0.78

0.31

0.58

-1.08

Basic EPS Including ExtraOrdinary Item

0.97

0.78

0.31

0.58

-1.08

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

8.5

6.8

2.8

5.2

-9.8

Diluted Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Diluted EPS Excluding ExtraOrd Items

0.97

0.78

0.31

0.58

-1.08

Diluted EPS Including ExtraOrd Items

0.97

0.78

0.31

0.58

-1.08

DPS-Common Stock

0.06

0.03

0.02

0.00

0.00

Gross Dividends - Common Stock

0.8

0.2

0.2

0.0

0.0

Normalized Income Before Taxes

9.1

8.1

3.5

0.4

-3.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.1

0.1

-1.8

2.6

Normalized Income After Taxes

9.1

8.0

3.4

2.2

-6.4

 

 

 

 

 

 

Normalized Inc. Avail to Com.

9.1

8.0

3.4

2.2

-6.6

 

 

 

 

 

 

Basic Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Diluted Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Advertisement expenses

2.1

1.9

1.7

1.4

-

Rental expense

0.2

1.0

0.9

0.9

-

Research & Development Exp(SGA)

2.8

1.4

2.2

1.1

3.0

Research & Development Exp(COGS)

3.0

3.7

2.8

3.3

-

Interest Expense

0.4

0.5

0.6

0.6

0.9

Depreciation

2.9

3.3

2.7

2.7

3.3

Reported Operating Profit

18.4

11.6

6.3

2.9

-2.0

Reported ordinary profit

9.1

8.1

3.3

-0.6

-3.9

Service cost

-

0.4

0.4

0.4

0.4

Interest cost

-

0.1

0.1

0.1

0.1

Expected return on plan asset

-

0.0

0.0

0.0

0.0

Actuarial G/L

-

0.1

0.0

0.0

0.0

Exp. due to accounting change

-

-

-

-

0.0

Domestic Pension Plan Expense

-

0.6

0.5

0.4

0.5

Total Pension Expense

-

0.6

0.5

0.4

0.5

Discount Rate

-

2.00%

2.00%

2.00%

-

Expected Rate of Return

-

0.75%

0.75%

0.75%

-

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

81.13

92.69

97.72

100.075

117.825

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Cash & Deposit

10.4

13.2

6.7

8.0

8.2

    Note/Acct. Rcvbl

-

-

-

-

27.8

    Note receivable

7.1

5.4

3.1

2.9

-

    Account receivable

28.0

22.2

19.6

18.5

-

    Inventories-merchandise&finished goods

15.8

14.4

-

-

-

    Inventories - work-in-process

1.0

1.3

2.0

2.5

-

    Raw materials and supplies

1.3

-

-

-

-

    Finished goods

-

-

16.5

15.6

-

    Raw material

-

1.2

1.8

1.5

-

    Supply inventory

-

0.1

0.2

0.1

-

    Inventory

-

-

-

-

26.4

    Prepaid Expense

0.2

0.1

0.1

0.1

-

    Fee reimbursable

-

-

0.1

1.1

-

    Deferred tax assets

0.5

0.0

-

-

0.1

    Other receivable

1.3

1.4

0.5

1.2

-

    Other

0.2

0.1

0.1

0.1

2.6

    Allw.Doubt.Acct

-0.1

0.0

-0.1

-0.1

-0.2

Total Current Assets

65.7

59.3

50.6

51.5

65.0

 

 

 

 

 

 

    Buildings, gross

39.1

35.8

35.4

34.6

-

    Buildings-depreciation

-31.2

-29.0

-28.2

-27.0

-

    Structures, gross

2.0

1.7

1.7

1.6

-

    Structures-depreciation

-1.6

-1.4

-1.5

-1.4

-

    Machinery & equipment, gross

10.6

10.0

10.0

10.0

-

    Machinery/equipment-depreciation

-10.0

-9.4

-9.2

-9.3

-

    Vehicles, gross

0.1

0.0

0.0

0.0

-

    Vehicles-depreciation

0.0

0.0

0.0

0.0

-

    Build./Structure

-

-

-

-

36.0

    Machine/Delivery

-

-

-

-

8.8

    Molding

22.3

19.1

20.8

21.4

-

    Molding-depreciation

-20.0

-17.1

-18.2

-18.9

-

    Tools, equipments and fixtures, gross

4.8

4.3

4.7

4.5

-

    Tools/equipments/fixtures-depreciation

-4.0

-3.7

-4.1

-3.8

-

    Lease assets, gross

3.6

1.6

0.2

0.0

-

    Accum. depr - lease assets

-1.8

-0.3

0.0

0.0

-

    Land

14.8

12.9

12.6

12.3

18.4

    Const in Prog.

0.2

0.1

0.2

0.2

0.0

    Other PPE

-

-

-

-

26.8

    Depreciation

-

-

-

-

-57.5

    Intangible-Total

-

-

-

-

0.3

    Goodwill

0.0

0.0

0.0

0.0

-

    Land leasing right

0.1

0.1

0.0

0.0

-

    Software

0.2

0.1

0.1

0.1

-

    Telephone subscription rights

-

0.1

0.1

0.1

-

    Lease assets, intangible

0.6

0.1

0.1

0.0

-

    Other

0.2

0.0

0.0

0.0

-

    Invest Secs.

2.0

1.2

1.1

1.2

4.9

    Investment in closely-held capital

-

0.0

0.0

0.0

-

    Investment partners-nonconsol.affiliates

2.5

0.0

0.0

0.0

-

    Claims bankruptcy

-

0.3

0.0

0.6

-

    LT Prepaid Exp.

-

0.1

0.2

0.2

-

    Guarantee deposits

-

0.3

0.3

0.3

-

    Deferred Tax

-

-

-

-

0.3

    Other

1.3

0.6

0.5

0.5

1.9

    Allw.Doubt.Acct.

0.0

-0.3

0.0

-0.6

-0.6

    Adjustment

-

-

0.0

-

-

Total Assets

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

    Note payable

0.9

2.7

4.3

5.1

-

    Trade accounts payable

3.3

2.4

2.0

2.9

-

    Note&Acct.Pay

-

-

-

-

19.3

    Short Term Debt

1.8

11.2

16.2

17.3

17.6

    Cur.Port.LT Debt

4.8

4.1

3.4

3.3

7.9

    Current Protion of Corp. Bond

0.1

0.4

0.4

0.4

1.2

    Current lease obligations

1.5

0.7

0.0

0.0

-

    Other accounts payable

4.4

2.1

1.7

2.2

-

    Sales Tax Pay.

0.4

0.8

0.2

0.3

0.2

    Accrued Expense

2.4

1.8

1.5

1.4

-

    Income Tax Pay.

0.2

0.2

0.2

0.2

0.4

    Advance received

0.1

0.1

0.1

0.1

-

    Deposits received

0.3

0.1

0.1

0.1

-

    Allowance Bonus

1.3

1.1

0.9

0.8

0.9

    Reserve Recall Loss

0.0

0.0

0.0

0.0

0.1

    Notes payable-building

-

0.0

0.0

0.2

-

    Foreing exchange forward

3.9

0.0

0.2

1.8

-

    Other

0.4

0.2

0.2

0.4

8.8

Total Current Liabilities

25.9

28.0

31.4

36.5

56.4

 

 

 

 

 

 

    Corporate Bond

0.7

0.8

0.2

0.6

0.8

    LT Debt

9.9

7.5

5.0

3.9

11.6

    Lease obligations

1.1

0.7

0.2

0.0

-

Total Long Term Debt

11.8

9.0

5.4

4.5

12.4

 

 

 

 

 

 

    Deferred Tax

0.0

0.0

0.0

0.0

0.6

    Rsrv.Accr.Retire

1.6

3.2

2.9

2.7

2.4

    Allw.Director Retirement

2.2

1.5

1.5

1.4

2.3

    Other

0.1

0.1

0.0

0.2

0.9

    Minority Int.

-

-

-

-

1.3

Total Liabilities

41.6

41.9

41.2

45.4

76.3

 

 

 

 

 

 

    Common Stock

21.5

18.8

17.8

17.4

14.8

    Legal capital surplus

11.7

10.3

9.8

9.5

14.8

    Retained Earning

-

-

-

-

-2.2

    Deferred retained surplus

26.8

16.0

8.9

6.0

-

    Unrlzd.Gain Secs

0.2

0.0

0.0

-0.1

0.6

    Treasury stocks

-0.5

-0.4

-0.4

0.0

0.0

Total Equity

59.7

44.7

36.1

32.9

28.0

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

    S/O-Common Stock

8.7

8.7

8.7

9.0

9.0

Total Common Shares Outstanding

8.7

8.7

8.7

9.0

9.0

T/S-Common Stock

0.3

0.3

0.3

0.0

0.0

Advance received

0.1

0.1

0.1

0.1

-

Full-Time Employees

294

284

274

278

402

Number of Common Shareholders

914

908

858

859

769

Long Term Debt Maturing Within 1 Year

-

4.5

3.8

3.7

-

Long Term Debt Maturing Within 2 Years

-

2.7

2.7

2.7

5.7

Long Term Debt Maturing Within 3 Years

-

2.5

1.1

1.7

3.9

Long Term Debt Maturing Within 4 Years

-

2.4

0.8

0.1

2.1

Long Term Debt Maturing Within 5 Years

-

0.7

0.6

-

0.4

Long Term Debt Maturing Remaining

-

-

-

-

0.3

Total Long Term Debt, Supplemental

-

12.8

9.0

8.3

12.4

Capital Lease Payments due within 1 Yr

-

0.7

0.0

-

-

Capital Lease Payments due within 2 Yr

-

0.6

0.0

-

-

Capital Lease Payments due within 3 Yr

-

0.1

0.0

-

-

Capital Lease Payments due within 4 Yr

-

0.1

0.0

-

-

Capital Lease Payments due within 5 Yr

-

0.0

0.0

-

-

Capital Lease Payments Remaining

-

0.0

0.0

-

-

Total Capital Leases

-

1.4

0.2

-

-

Pension obligation

-

7.2

6.3

5.9

6.0

Fair value of plan asset

-

3.7

2.8

3.4

4.2

Funded status

-

-3.5

-3.5

-2.5

-1.9

Total Funded Status

-

-3.5

-3.5

-2.5

-1.9

Discount rate

-

2.00%

2.00%

2.00%

2.00%

Expected rate of return

-

0.75%

0.75%

0.75%

0.75%

Unrecog. actuarial G/L

-

0.2

0.6

-0.2

-0.5

Accrued pension

-

-3.2

-2.9

-2.7

-2.4

Net Assets Recognized on Balance Sheet

-

-3.0

-2.3

-2.9

-2.9

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

Net Income,Bf.Tax

8.1

6.9

2.8

5.1

-8.7

    Depreciation

2.9

3.3

2.7

2.7

3.3

    Impairment loss

0.2

0.4

0.0

0.2

1.5

    FPSC restructuring

-

-

-

-

1.6

    Allw.Doubt Acct.

-0.3

0.3

-0.6

-0.1

-0.1

    Allowance Bonus

0.0

0.2

0.1

-0.1

-0.1

    Rsrv.Accr.Retire

-2.0

0.2

0.1

0.1

0.2

    Allw.Director Retire

0.5

0.0

0.0

-0.9

-0.1

    Reserve Loss on Recall

0.0

0.0

0.0

-0.1

0.0

    Reserve for loss on guarantees

-

-

0.0

0.0

0.0

    Inc/Dec in Guarantee Liability

0.0

0.0

-

-

0.0

    Interest/Divid. Inc.

-0.1

-0.1

0.0

-0.2

-0.1

    Interest Expense

0.4

0.5

0.6

0.6

0.9

    Exchange Gain/Loss

0.0

0.0

0.0

0.0

0.0

    Gain Sale Investment Securities

0.0

0.0

-0.1

-1.0

-1.8

    L on val. inv't. secs.

0.1

0.0

0.4

0.0

0.0

    Gain Sale Subsidiary Stock

-

-

0.0

-4.3

-

    Gain Sale F.Asset

0.0

0.0

0.0

-0.4

-

    Loss sale fixed asset

-

-

-

-

0.0

    Loss disposal fixed asset

0.4

0.8

0.2

0.3

-

    Loss Retire F.Asset

-

-

-

-

2.8

    Other Gain/Loss

-

-

-

-

0.0

    Account Receivable

-3.4

-3.6

-0.8

1.4

3.8

    Inventory

1.3

4.5

-0.2

2.9

2.3

    Other Crrt. Asset

-0.1

-0.3

2.2

-0.1

0.0

    Account Payable

-1.6

-1.6

-1.8

-0.9

-2.3

    Other Crrt.Liability

5.1

0.8

-2.5

0.5

-0.4

    Interest/Divid. Rcvd

0.1

0.1

0.0

0.2

0.1

    Interest Paid

-0.4

-0.5

-0.5

-0.7

-0.8

    Inc. Tax Paid

-0.1

-0.1

-0.1

-0.1

-1.2

Cash from Operating Activities

11.2

11.7

2.4

5.4

1.0

 

 

 

 

 

 

    Time Deposit Made

-1.5

0.0

-0.1

-0.9

-11.1

    Time Deposit Collected

0.0

0.1

0.0

1.9

14.1

    Capital Expenditure

-3.2

-2.8

-2.2

-2.4

-2.7

    Sales PPE

0.0

0.0

0.0

3.9

0.9

    Purchase intangible asset

-0.2

-0.1

0.0

-0.1

-

    Purchase Invest.Secs.

-0.5

-0.1

-0.1

0.0

-0.3

    Sales Invest Secs.

-

0.0

0.1

3.7

2.5

    Purchase of stocks of affiliates

-2.3

0.0

-

-

-

    Sale subsidary stock

-

-

0.0

5.0

-

    Short Term Loan Made

-

-

-

-

0.0

    Short TermLoan Repay

-

-

-

-

0.0

    Other Invest Purch.

-0.2

-0.2

-0.1

-0.2

-0.3

    Other Invest Sales

0.1

0.0

0.0

0.3

0.2

Cash from Investing Activities

-7.8

-3.0

-2.4

11.3

3.4

 

 

 

 

 

 

    Short Term Debt, Net

-10.3

-5.9

-1.5

-1.5

4.5

    Long Term Debt Repay

-5.6

-4.2

-4.1

-11.7

-13.6

    Long Term Debt Pro.

7.0

7.0

5.0

0.0

4.3

    Proceeds from sale and leaseback

1.8

0.6

0.0

-

-

    Proceeds from issuance of bonds

0.0

1.1

0.0

-

0.0

    Redemption Bond

-0.5

-0.5

-0.4

-1.2

-0.5

    Repay lease obligation

-1.2

-0.2

0.0

0.0

-

    Purchase of treasuries

0.0

0.0

-0.4

0.0

0.0

    Dividend

-0.4

-0.2

-0.1

0.0

0.0

    Dividned to Minority

-

-

-

-

0.0

Cash from Financing Activities

-9.2

-2.5

-1.5

-14.4

-5.4

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

0.0

0.0

0.0

Net Change in Cash

-5.9

6.3

-1.6

2.3

-1.0

 

 

 

 

 

 

Net Cash - Beginning Balance

11.4

4.3

5.5

2.6

4.8

Net Cash - Ending Balance

5.5

10.5

4.0

4.8

3.9

    Cash Interest Paid

0.4

0.5

0.5

0.7

0.8

    Cash Taxes Paid

0.1

0.1

0.1

0.1

1.2

 

Financial Health

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

Key Indicators USD (mil)

 

Quarter
Ending
25-Sep-2011

Quarter
Ending
Yr Ago

Annual
Year End
25-Mar-2011

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1

44.7

21.57%

152.0

5.61%

3.50%

-7.05%

Research & Development1

-

-

2.8

86.57%

25.34%

-6.78%

Operating Income1

5.1

19.26%

17.8

46.04%

66.12%

-

Income Available to Common Excl Extraord Items1

0.4

179.27%

8.5

14.99%

6.75%

-

Basic EPS Excl Extraord Items1

0.05

179.27%

0.97

15.00%

7.97%

-

Capital Expenditures2

1.0

84.03%

3.4

11.23%

1.17%

-10.25%

Cash from Operating Activities2

-0.3

-

11.2

-11.60%

15.79%

5.77%

Free Cash Flow

-1.4

-

8.2

-18.91%

25.75%

24.60%

Total Assets3

113.2

7.28%

101.3

2.37%

1.61%

-10.82%

Total Liabilities3

44.3

-11.01%

41.6

-13.20%

-9.47%

-19.41%

Total Long Term Debt3

11.3

23.18%

11.8

14.50%

28.08%

-16.63%

Employees3

-

-

294

3.52%

1.88%

-6.02%

Total Common Shares Outstanding3

8.7

0.00%

8.7

-0.01%

-1.12%

-0.68%

1-ExchangeRate: JPY to USD Average for Period

77.967473

 

85.865738

 

 

 

2-ExchangeRate: JPY to USD Average for Period

81.645269

 

85.865738

 

 

 

3-ExchangeRate: JPY to USD Period End Date

76.260000

 

81.130000

 

 

 

Key Ratios

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Profitability

Gross Margin

34.65%

29.23%

24.72%

20.88%

20.72%

Operating Margin

11.68%

8.44%

4.33%

2.82%

-5.33%

Pretax Margin

5.32%

5.19%

2.34%

4.98%

-5.60%

Net Profit Margin

5.58%

5.13%

2.28%

5.09%

-6.28%

Financial Strength

Current Ratio

2.54

2.12

1.61

1.41

1.15

Long Term Debt/Equity

0.20

0.20

0.15

0.14

0.44

Total Debt/Equity

0.36

0.63

0.83

0.94

1.40

Management Effectiveness

Return on Assets

8.97%

8.14%

3.61%

5.96%

-8.34%

Return on Equity

16.22%

16.53%

8.15%

18.20%

-28.78%

Efficiency

Receivables Turnover

4.65

4.99

5.25

4.20

5.25

Inventory Turnover

5.60

4.90

4.63

3.67

4.45

Asset Turnover

1.61

1.59

1.58

1.17

1.36

Market Valuation USD (mil)

P/E (TTM)

2.66

.

Enterprise Value2

42.0

Price/Sales (TTM)

0.20

.

Enterprise Value/Revenue (TTM)

0.22

Price/Book (MRQ)

0.54

.

Enterprise Value/EBITDA (TTM)

1.46

Market Cap as of 25-Nov-20111

38.0

.

 

 

1-ExchangeRate: JPY to USD on 25-Nov-2011

77.680000

 

 

 

2-ExchangeRate: JPY to USD on 25-Sep-2011

76.260000

 

 

 

 

 

 

Annual Ratios

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Financial Strength

Current Ratio

2.54

2.12

1.61

1.41

1.15

Quick/Acid Test Ratio

1.81

1.50

0.96

0.87

0.64

Working Capital1

39.8

31.3

19.2

15.0

8.6

Long Term Debt/Equity

0.20

0.20

0.15

0.14

0.44

Total Debt/Equity

0.36

0.63

0.83

0.94

1.40

Long Term Debt/Total Capital

0.15

0.12

0.08

0.07

0.19

Total Debt/Total Capital

0.26

0.39

0.45

0.49

0.58

Payout Ratio

5.99%

3.44%

8.04%

0.00%

0.00%

Effective Tax Rate

-4.95%

1.20%

2.68%

-2.15%

-

Total Capital1

81.0

72.9

65.9

63.8

67.1

 

 

 

 

 

 

Efficiency

Asset Turnover

1.61

1.59

1.58

1.17

1.36

Inventory Turnover

5.60

4.90

4.63

3.67

4.45

Days In Inventory

65.18

74.52

78.75

99.57

81.99

Receivables Turnover

4.65

4.99

5.25

4.20

5.25

Days Receivables Outstanding

78.58

73.18

69.55

87.00

69.50

Revenue/Employee2

547,308

469,571

455,353

423,208

384,752

Operating Income/Employee2

63,903

39,650

19,725

11,951

-20,512

EBITDA/Employee2

74,384

51,301

29,808

23,164

-12,484

 

 

 

 

 

 

Profitability

Gross Margin

34.65%

29.23%

24.72%

20.88%

20.72%

Operating Margin

11.68%

8.44%

4.33%

2.82%

-5.33%

EBITDA Margin

13.59%

10.93%

6.55%

5.47%

-3.24%

EBIT Margin

11.68%

8.44%

4.33%

2.82%

-5.33%

Pretax Margin

5.32%

5.19%

2.34%

4.98%

-5.60%

Net Profit Margin

5.58%

5.13%

2.28%

5.09%

-6.28%

R&D Expense/Revenue

1.85%

1.05%

1.81%

1.04%

1.91%

COGS/Revenue

65.35%

70.77%

75.28%

79.12%

79.28%

SG&A Expense/Revenue

20.32%

19.09%

17.87%

16.99%

21.29%

 

 

 

 

 

 

Management Effectiveness

Return on Assets

8.97%

8.14%

3.61%

5.96%

-8.34%

Return on Equity

16.22%

16.53%

8.15%

18.20%

-28.78%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share2

0.94

1.02

0.01

0.37

-0.18

Operating Cash Flow/Share 2

1.36

1.34

0.28

0.68

0.11

1-ExchangeRate: JPY to USD Period End Date

81.13

92.69

97.72

100.075

117.825

2-ExchangeRate: JPY to USD Average for Period

81.13

92.69

97.72

100.075

117.825

 

Current Market Multiples

Market Cap/Earnings (TTM)

2.75

Market Cap/Equity (MRQ)

0.56

Market Cap/Revenue (TTM)

0.20

Market Cap/EBIT (TTM)

1.47

Market Cap/EBITDA (TTM)

1.34

Enterprise Value/Earnings (TTM)

2.98

Enterprise Value/Equity (MRQ)

0.61

Enterprise Value/Revenue (TTM)

0.22

Enterprise Value/EBIT (TTM)

1.60

Enterprise Value/EBITDA (TTM)

1.46

 

 

Annual Income Statement

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Net Sales

152.0

132.9

121.3

102.7

155.8

Revenue

152.0

132.9

121.3

102.7

155.8

Total Revenue

152.0

132.9

121.3

102.7

155.8

 

 

 

 

 

 

    Cost of Revenue

99.4

94.0

91.3

81.3

123.6

Cost of Revenue, Total

99.4

94.0

91.3

81.3

123.6

Gross Profit

52.7

38.8

30.0

21.5

32.3

 

 

 

 

 

 

    Selling/General/Administrative Expense

13.8

11.8

9.9

7.7

21.6

    Labor & Related Expense

15.0

11.7

10.0

8.3

11.6

    Advertising Expense

2.1

1.9

1.7

1.4

-

Total Selling/General/Administrative Expenses

30.9

25.4

21.7

17.5

33.2

Research & Development

2.8

1.4

2.2

1.1

3.0

    Depreciation

0.6

0.5

0.5

0.4

0.7

Depreciation/Amortization

0.6

0.5

0.5

0.4

0.7

    Restructuring Charge

-

-

-

0.0

1.6

    Impairment-Assets Held for Use

0.2

0.4

0.0

0.2

1.5

    Impairment-Assets Held for Sale

0.1

0.0

0.4

0.0

0.0

    Other Unusual Expense (Income)

0.3

0.0

0.0

-0.6

0.6

Unusual Expense (Income)

0.6

0.4

0.4

-0.4

3.8

Total Operating Expense

134.3

121.7

116.0

99.8

164.2

 

 

 

 

 

 

Operating Income

17.8

11.2

5.3

2.9

-8.3

 

 

 

 

 

 

        Interest Expense - Non-Operating

-0.4

-0.5

-0.6

-0.6

-0.9

    Interest Expense, Net Non-Operating

-0.4

-0.5

-0.6

-0.6

-0.9

        Interest Income - Non-Operating

0.0

0.0

0.0

0.0

0.0

        Investment Income - Non-Operating

-7.6

-2.1

-0.6

-0.7

2.2

    Interest/Investment Income - Non-Operating

-7.5

-2.1

-0.6

-0.7

2.2

Interest Income (Expense) - Net Non-Operating Total

-8.0

-2.6

-1.2

-1.3

1.3

Gain (Loss) on Sale of Assets

-0.4

-0.8

-0.3

4.3

-1.2

    Other Non-Operating Income (Expense)

-1.3

-0.9

-1.0

-0.7

-0.6

Other, Net

-1.3

-0.9

-1.0

-0.7

-0.6

Income Before Tax

8.1

6.9

2.8

5.1

-8.7

 

 

 

 

 

 

Total Income Tax

-0.4

0.1

0.1

-0.1

0.8

Income After Tax

8.5

6.8

2.8

5.2

-9.6

 

 

 

 

 

 

    Minority Interest

-

-

-

-

-0.2

Net Income Before Extraord Items

8.5

6.8

2.8

5.2

-9.8

Net Income

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

    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

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Basic EPS Excl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Basic/Primary EPS Incl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

8.5

6.8

2.8

5.2

-9.8

Diluted Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Diluted EPS Excl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Diluted EPS Incl Extraord Items

0.97

0.78

0.31

0.58

-1.08

Dividends per Share - Common Stock Primary Issue

0.06

0.03

0.02

0.00

0.00

Gross Dividends - Common Stock

0.8

0.2

0.2

0.0

0.0

Interest Expense, Supplemental

0.4

0.5

0.6

0.6

0.9

Depreciation, Supplemental

2.9

3.3

2.7

2.7

3.3

Total Special Items

1.0

1.2

0.6

-4.7

4.9

Normalized Income Before Tax

9.1

8.1

3.5

0.4

-3.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.4

0.0

0.0

-1.6

1.7

Inc Tax Ex Impact of Sp Items

0.0

0.1

0.1

-1.8

2.6

Normalized Income After Tax

9.1

8.0

3.4

2.2

-6.4

 

 

 

 

 

 

Normalized Inc. Avail to Com.

9.1

8.0

3.4

2.2

-6.6

 

 

 

 

 

 

Basic Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Diluted Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Rental Expenses

0.2

1.0

0.9

0.9

-

Advertising Expense, Supplemental

2.1

1.9

1.7

1.4

-

Research & Development Exp, Supplemental

5.8

5.1

5.0

4.4

3.0

Reported Operating Profit

18.4

11.6

6.3

2.9

-2.0

Reported Ordinary Profit

9.1

8.1

3.3

-0.6

-3.9

Normalized EBIT

18.4

11.6

5.6

2.5

-4.6

Normalized EBITDA

21.3

14.9

8.3

5.2

-1.3

Interest Cost - Domestic

-

0.1

0.1

0.1

0.1

Service Cost - Domestic

-

0.4

0.4

0.4

0.4

Expected Return on Assets - Domestic

-

0.0

0.0

0.0

0.0

Actuarial Gains and Losses - Domestic

-

0.1

0.0

0.0

0.0

Transition Costs - Domestic

-

-

-

-

0.0

Domestic Pension Plan Expense

-

0.6

0.5

0.4

0.5

Total Pension Expense

-

0.6

0.5

0.4

0.5

Discount Rate - Domestic

-

2.00%

2.00%

2.00%

-

Expected Rate of Return - Domestic

-

0.75%

0.75%

0.75%

-

Total Plan Interest Cost

-

0.1

0.1

0.1

0.1

Total Plan Service Cost

-

0.4

0.4

0.4

0.4

Total Plan Expected Return

-

0.0

0.0

0.0

0.0

 

© 1983-2011 Reuters Research Inc. All Rights Reserved.

 

Published by OneSource Information Services, Inc., December, 2011.

 

spacebar

 

 

Interim Income Statement

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

25-Sep-2011

25-Jun-2011

25-Mar-2011

25-Dec-2010

25-Sep-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal 
25-Sep-2011

Updated Normal 
25-Jun-2011

Updated Normal 
25-Mar-2011

Updated Normal 
25-Dec-2010

Updated Normal 
25-Sep-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

77.967473

81.645269

82.267747

82.675543

86.118333

 

 

 

 

 

 

    Net Sales

44.7

49.5

44.3

43.4

33.3

Revenue

44.7

49.5

44.3

43.4

33.3

Total Revenue

44.7

49.5

44.3

43.4

33.3

 

 

 

 

 

 

    Cost of Revenue

27.8

31.2

28.7

27.5

21.8

Cost of Revenue, Total

27.8

31.2

28.7

27.5

21.8

Gross Profit

17.0

18.3

15.6

15.9

11.5

 

 

 

 

 

 

    Selling/General/Administrative Expense

11.8

5.1

9.1

4.2

3.4

    Labor & Related Expense

-

4.0

1.3

3.7

3.6

    Advertising Expense

-

0.7

0.6

0.5

0.5

Total Selling/General/Administrative Expenses

11.8

9.8

11.0

8.4

7.6

    Impairment-Assets Held for Use

-

-

0.1

0.0

0.0

    Impairment-Assets Held for Sale

-

-

0.2

0.0

-

    Other Unusual Expense (Income)

0.1

0.3

0.0

0.3

0.0

Unusual Expense (Income)

0.1

0.3

0.3

0.4

0.0

Total Operating Expense

39.7

41.4

40.0

36.3

29.5

 

 

 

 

 

 

Operating Income

5.1

8.2

4.3

7.1

3.9

 

 

 

 

 

 

        Interest Expense - Non-Operating

-0.1

-0.1

-0.1

-0.1

-0.1

    Interest Expense, Net Non-Operating

-0.1

-0.1

-0.1

-0.1

-0.1

        Interest Income - Non-Operating

0.0

0.0

0.0

0.0

0.0

        Investment Income - Non-Operating

-3.4

-0.5

-1.7

-1.5

-3.3

    Interest/Investment Income - Non-Operating

-3.4

-0.5

-1.7

-1.5

-3.2

Interest Income (Expense) - Net Non-Operating Total

-3.5

-0.5

-1.8

-1.6

-3.4

Gain (Loss) on Sale of Assets

-

-

-0.4

0.0

-0.1

    Other Non-Operating Income (Expense)

-0.3

-0.4

-0.5

-0.3

-0.3

Other, Net

-0.3

-0.4

-0.5

-0.3

-0.3

Income Before Tax

1.2

7.3

1.6

5.2

0.2

 

 

 

 

 

 

Total Income Tax

0.8

1.9

-0.5

0.0

0.0

Income After Tax

0.4

5.3

2.1

5.2

0.1

 

 

 

 

 

 

Net Income Before Extraord Items

0.4

5.3

2.1

5.2

0.1

Net Income

0.4

5.3

2.1

5.2

0.1

 

 

 

 

 

 

    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

0.4

5.3

2.1

5.2

0.1

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

0.4

5.3

2.1

5.2

0.1

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

8.7

8.7

8.7

8.7

8.7

Basic EPS Excl Extraord Items

0.05

0.61

0.24

0.60

0.02

Basic/Primary EPS Incl Extraord Items

0.05

0.61

0.24

0.60

0.02

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

0.4

5.3

2.1

5.2

0.1

Diluted Weighted Average Shares

8.7

8.7

8.7

8.7

8.7

Diluted EPS Excl Extraord Items

0.05

0.61

0.24

0.60

0.02

Diluted EPS Incl Extraord Items

0.05

0.61

0.24

0.60

0.02

Dividends per Share - Common Stock Primary Issue

0.03

0.00

0.03

0.00

0.03

Gross Dividends - Common Stock

-

0.0

0.5

0.0

0.3

Interest Expense, Supplemental

0.1

0.1

0.1

0.1

0.1

Depreciation, Supplemental

-

0.8

0.6

0.9

0.8

Total Special Items

0.1

0.3

0.6

0.4

0.1

Normalized Income Before Tax

1.3

7.6

2.3

5.6

0.2

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.1

0.2

0.0

0.0

Inc Tax Ex Impact of Sp Items

0.9

2.0

-0.3

0.0

0.0

Normalized Income After Tax

0.5

5.6

2.5

5.6

0.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

0.5

5.6

2.5

5.6

0.2

 

 

 

 

 

 

Basic Normalized EPS

0.05

0.64

0.29

0.64

0.02

Diluted Normalized EPS

0.05

0.64

0.29

0.64

0.02

Advertising Expense, Supplemental

-

0.7

0.6

0.5

0.5

Reported Operating Profit

5.2

8.5

4.5

7.5

3.9

Reported Ordinary Profit

1.3

7.6

2.3

5.6

0.2

Normalized EBIT

5.2

8.5

4.5

7.5

3.9

Normalized EBITDA

5.2

9.3

5.1

8.4

4.6

 

 

 

Annual Balance Sheet

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

UpdateType/Date

Updated Normal
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal
25-Mar-2009

Updated Normal
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

81.13

92.69

97.72

100.075

117.825

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Cash & Equivalents

10.4

13.2

6.7

8.0

8.2

Cash and Short Term Investments

10.4

13.2

6.7

8.0

8.2

        Accounts Receivable - Trade, Gross

28.0

22.2

19.6

18.5

27.8

        Provision for Doubtful Accounts

-0.1

0.0

-0.1

-0.1

-0.2

    Trade Accounts Receivable - Net

27.9

22.1

19.5

18.4

27.6

    Notes Receivable - Short Term

7.1

5.4

3.1

2.9

-

    Other Receivables

1.3

1.4

0.7

2.3

-

Total Receivables, Net

36.3

28.9

23.4

23.6

27.6

    Inventories - Finished Goods

15.8

14.4

16.5

15.6

-

    Inventories - Work In Progress

1.0

1.3

2.0

2.5

-

    Inventories - Raw Materials

1.3

1.2

1.8

1.5

-

    Inventories - Other

-

0.1

0.2

0.1

-

Total Inventory

18.1

17.0

20.4

19.7

26.4

Prepaid Expenses

0.2

0.1

0.1

0.1

-

    Deferred Income Tax - Current Asset

0.5

0.0

-

-

0.1

    Other Current Assets

0.2

0.1

0.1

0.1

2.6

Other Current Assets, Total

0.7

0.1

0.1

0.1

2.7

Total Current Assets

65.7

59.3

50.6

51.5

65.0

 

 

 

 

 

 

        Buildings

41.1

37.4

37.1

36.2

36.0

        Land/Improvements

14.8

12.9

12.6

12.3

18.4

        Machinery/Equipment

37.8

33.5

35.5

36.0

8.8

        Construction in Progress

0.2

0.1

0.2

0.2

0.0

        Leases

3.6

1.6

0.2

0.0

-

        Other Property/Plant/Equipment

-

-

-

-

26.8

    Property/Plant/Equipment - Gross

97.5

85.7

85.6

84.7

90.1

    Accumulated Depreciation

-68.7

-61.0

-61.3

-60.4

-57.5

Property/Plant/Equipment - Net

28.8

24.7

24.3

24.3

32.6

Goodwill, Net

0.0

0.0

0.0

0.0

-

Intangibles, Net

1.0

0.3

0.3

0.2

0.3

    LT Investment - Affiliate Companies

2.5

0.0

0.0

0.0

-

    LT Investments - Other

2.0

1.3

1.1

1.2

4.9

Long Term Investments

4.5

1.3

1.1

1.3

4.9

Note Receivable - Long Term

-

0.3

0.0

0.6

-

    Deferred Income Tax - Long Term Asset

-

-

-

-

0.3

    Other Long Term Assets

1.3

0.7

1.0

0.4

1.3

Other Long Term Assets, Total

1.3

0.7

1.0

0.4

1.5

Total Assets

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

Accounts Payable

3.3

2.4

2.0

2.9

19.3

Accrued Expenses

4.1

3.7

2.5

2.5

1.1

Notes Payable/Short Term Debt

3.0

14.0

20.6

22.7

17.6

Current Portion - Long Term Debt/Capital Leases

6.5

5.2

3.8

3.7

9.1

    Customer Advances

0.1

0.1

0.1

0.1

-

    Income Taxes Payable

0.2

0.2

0.2

0.2

0.4

    Other Payables

4.4

2.1

1.7

2.2

-

    Other Current Liabilities

4.3

0.2

0.5

2.2

8.9

Other Current liabilities, Total

9.0

2.7

2.4

4.6

9.3

Total Current Liabilities

25.9

28.0

31.4

36.5

56.4

 

 

 

 

 

 

    Long Term Debt

10.6

8.3

5.2

4.5

12.4

    Capital Lease Obligations

1.1

0.7

0.2

0.0

-

Total Long Term Debt

11.8

9.0

5.4

4.5

12.4

Total Debt

21.3

28.2

29.8

31.0

39.1

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

0.0

0.0

0.0

0.0

0.6

Deferred Income Tax

0.0

0.0

0.0

0.0

0.6

Minority Interest

-

-

-

-

1.3

    Pension Benefits - Underfunded

3.8

4.8

4.4

4.1

4.7

    Other Long Term Liabilities

0.1

0.1

0.0

0.2

0.9

Other Liabilities, Total

3.9

4.9

4.4

4.4

5.6

Total Liabilities

41.6

41.9

41.2

45.4

76.3

 

 

 

 

 

 

    Common Stock

21.5

18.8

17.8

17.4

14.8

Common Stock

21.5

18.8

17.8

17.4

14.8

Additional Paid-In Capital

11.7

10.3

9.8

9.5

14.8

Retained Earnings (Accumulated Deficit)

26.8

16.0

8.9

6.0

-2.2

Treasury Stock - Common

-0.5

-0.4

-0.4

0.0

0.0

Unrealized Gain (Loss)

0.2

0.0

0.0

-0.1

0.6

Total Equity

59.7

44.7

36.1

32.9

28.0

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

8.7

8.7

8.7

9.0

9.0

Total Common Shares Outstanding

8.7

8.7

8.7

9.0

9.0

Treasury Shares - Common Stock Primary Issue

0.3

0.3

0.3

0.0

0.0

Employees

294

284

274

278

402

Number of Common Shareholders

914

908

858

859

769

Deferred Revenue - Current

0.1

0.1

0.1

0.1

-

Total Long Term Debt, Supplemental

-

12.8

9.0

8.3

12.4

Long Term Debt Maturing within 1 Year

-

4.5

3.8

3.7

2.8

Long Term Debt Maturing in Year 2

-

2.7

2.7

2.7

2.8

Long Term Debt Maturing in Year 3

-

2.5

1.1

1.7

3.9

Long Term Debt Maturing in Year 4

-

2.4

0.8

0.1

2.1

Long Term Debt Maturing in Year 5

-

0.7

0.6

-

0.4

Long Term Debt Maturing in 2-3 Years

-

5.2

3.8

4.4

6.8

Long Term Debt Maturing in 4-5 Years

-

3.1

1.4

0.1

2.5

Long Term Debt Matur. in Year 6 & Beyond

-

0.0

0.0

0.0

0.3

Total Capital Leases, Supplemental

-

1.4

0.2

-

-

Capital Lease Payments Due in Year 1

-

0.7

0.0

-

-

Capital Lease Payments Due in Year 2

-

0.6

0.0

-

-

Capital Lease Payments Due in Year 3

-

0.1

0.0

-

-

Capital Lease Payments Due in Year 4

-

0.1

0.0

-

-

Capital Lease Payments Due in Year 5

-

0.0

0.0

-

-

Capital Lease Payments Due in 2-3 Years

-

0.6

0.1

-

-

Capital Lease Payments Due in 4-5 Years

-

0.1

0.1

-

-

Cap. Lease Pymts. Due in Year 6 & Beyond

-

0.0

0.0

-

-

Pension Obligation - Domestic

-

7.2

6.3

5.9

6.0

Plan Assets - Domestic

-

3.7

2.8

3.4

4.2

Funded Status - Domestic

-

-3.5

-3.5

-2.5

-1.9

Total Funded Status

-

-3.5

-3.5

-2.5

-1.9

Discount Rate - Domestic

-

2.00%

2.00%

2.00%

2.00%

Expected Rate of Return - Domestic

-

0.75%

0.75%

0.75%

0.75%

Accrued Liabilities - Domestic

-

-3.2

-2.9

-2.7

-2.4

Other Assets, Net - Domestic

-

0.2

0.6

-0.2

-0.5

Net Assets Recognized on Balance Sheet

-

-3.0

-2.3

-2.9

-2.9

Total Plan Obligations

-

7.2

6.3

5.9

6.0

Total Plan Assets

-

3.7

2.8

3.4

4.2

 

 

 

Interim Balance Sheet

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

25-Sep-2011

25-Jun-2011

25-Mar-2011

25-Dec-2010

25-Sep-2010

UpdateType/Date

Updated Normal 
25-Sep-2011

Updated Normal 
25-Jun-2011

Updated Normal 
25-Mar-2011

Updated Normal 
25-Dec-2010

Updated Normal 
25-Sep-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

76.26

80.43

81.13

82.94

84.22

 

 

 

 

 

 

    Cash & Equivalents

16.3

9.0

10.4

16.0

16.6

Cash and Short Term Investments

16.3

9.0

10.4

16.0

16.6

        Accounts Receivable - Trade, Gross

30.9

37.4

35.1

33.2

25.9

        Provision for Doubtful Accounts

-0.1

-0.2

-0.1

-0.1

-0.1

    Trade Accounts Receivable - Net

30.8

37.3

35.0

33.1

25.8

Total Receivables, Net

30.8

37.3

35.0

33.1

25.8

    Inventories - Finished Goods

22.1

18.9

15.8

16.6

17.3

    Inventories - Work In Progress

2.5

1.7

1.0

1.3

1.9

    Inventories - Raw Materials

2.5

1.5

1.3

1.3

1.4

Total Inventory

27.1

22.1

18.1

19.2

20.6

    Other Current Assets

3.4

2.2

2.3

2.2

2.3

Other Current Assets, Total

3.4

2.2

2.3

2.2

2.3

Total Current Assets

77.5

70.6

65.7

70.4

65.4

 

 

 

 

 

 

        Buildings

44.0

41.5

39.1

40.3

39.4

        Land/Improvements

15.7

14.9

14.8

14.4

14.2

        Machinery/Equipment

41.0

38.2

37.7

36.9

36.1

        Construction in Progress

0.3

0.4

0.2

0.4

0.4

        Other Property/Plant/Equipment

4.4

4.0

5.7

5.2

4.4

    Property/Plant/Equipment - Gross

105.4

99.0

97.5

97.3

94.6

    Accumulated Depreciation

-74.4

-70.0

-68.7

-69.1

-67.2

Property/Plant/Equipment - Net

31.0

29.1

28.8

28.2

27.3

Intangibles, Net

1.1

1.1

1.0

0.9

0.4

    LT Investments - Other

2.3

1.9

2.0

1.4

1.3

Long Term Investments

2.3

1.9

2.0

1.4

1.3

    Other Long Term Assets

1.3

1.3

3.7

1.2

1.2

Other Long Term Assets, Total

1.3

1.3

3.7

1.2

1.2

Total Assets

113.2

103.9

101.3

102.1

95.6

 

 

 

 

 

 

Accounts Payable

4.0

3.6

3.3

5.7

6.1

Accrued Expenses

1.6

0.7

1.7

0.5

1.2

Notes Payable/Short Term Debt

1.3

1.2

2.7

9.0

10.8

Current Portion - Long Term Debt/Capital Leases

7.0

6.4

6.5

5.4

5.0

    Income Taxes Payable

3.0

2.0

0.2

0.1

0.1

    Other Current Liabilities

12.2

10.7

11.5

9.2

8.0

Other Current liabilities, Total

15.2

12.8

11.7

9.3

8.1

Total Current Liabilities

29.1

24.7

25.9

30.0

31.3

 

 

 

 

 

 

    Long Term Debt

10.3

9.5

10.6

9.0

7.6

    Capital Lease Obligations

1.0

1.2

1.1

1.1

0.7

Total Long Term Debt

11.3

10.6

11.8

10.1

8.3

Total Debt

19.6

18.3

21.0

24.6

24.1

 

 

 

 

 

 

    Reserves

0.3

0.2

-

-

-

    Pension Benefits - Underfunded

3.5

3.1

3.8

5.6

5.4

    Other Long Term Liabilities

0.2

0.2

0.1

0.1

0.1

Other Liabilities, Total

4.0

3.6

3.9

5.7

5.5

Total Liabilities

44.3

38.9

41.6

45.8

45.1

 

 

 

 

 

 

    Common Stock

22.8

21.7

21.5

21.0

20.7

Common Stock

22.8

21.7

21.5

21.0

20.7

Additional Paid-In Capital

12.5

11.8

11.7

11.5

11.3

Retained Earnings (Accumulated Deficit)

34.1

31.9

26.8

24.1

18.9

Treasury Stock - Common

-0.5

-0.5

-0.5

-0.5

-0.4

Unrealized Gain (Loss)

0.0

0.0

0.2

0.1

0.0

    Translation Adjustment

0.0

0.0

-

-

-

Other Equity, Total

0.0

0.0

-

-

-

Total Equity

68.9

65.0

59.7

56.2

50.5

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

113.2

103.9

101.3

102.1

95.6

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

8.7

8.7

8.7

8.7

8.7

Total Common Shares Outstanding

8.7

8.7

8.7

8.7

8.7

Treasury Shares - Common Stock Primary Issue

0.3

0.3

0.3

0.3

0.3

Employees

-

-

294

294

291

 

 

 

Annual Cash Flows

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

Net Income/Starting Line

8.1

6.9

2.8

5.1

-8.7

    Depreciation

2.9

3.3

2.7

2.7

3.3

Depreciation/Depletion

2.9

3.3

2.7

2.7

3.3

    Unusual Items

0.7

1.2

0.4

-5.2

4.3

    Other Non-Cash Items

-1.5

0.8

0.0

-0.4

0.8

Non-Cash Items

-0.7

2.0

0.5

-5.5

5.0

    Accounts Receivable

-3.4

-3.6

-0.8

1.4

3.8

    Inventories

1.3

4.5

-0.2

2.9

2.3

    Other Assets

-0.1

-0.3

2.2

-0.1

0.0

    Accounts Payable

-1.6

-1.6

-1.8

-0.9

-2.3

    Accrued Expenses

0.0

0.2

0.1

-0.1

-0.1

    Other Liabilities

5.1

0.8

-2.5

0.5

-0.4

    Other Operating Cash Flow

-0.4

-0.5

-0.6

-0.6

-1.9

Changes in Working Capital

0.9

-0.5

-3.6

3.1

1.5

Cash from Operating Activities

11.2

11.7

2.4

5.4

1.0

 

 

 

 

 

 

    Purchase of Fixed Assets

-3.2

-2.8

-2.2

-2.4

-2.7

    Purchase/Acquisition of Intangibles

-0.2

-0.1

0.0

-0.1

-

Capital Expenditures

-3.4

-2.8

-2.3

-2.5

-2.7

    Sale of Fixed Assets

0.0

0.0

0.0

3.9

0.9

    Sale/Maturity of Investment

0.1

0.1

0.1

11.0

16.8

    Purchase of Investments

-4.6

-0.3

-0.3

-1.0

-11.6

    Other Investing Cash Flow

-

-

-

-

0.0

Other Investing Cash Flow Items, Total

-4.4

-0.1

-0.1

13.8

6.0

Cash from Investing Activities

-7.8

-3.0

-2.4

11.3

3.4

 

 

 

 

 

 

    Other Financing Cash Flow

-

-

-

-

0.0

Financing Cash Flow Items

-

-

-

-

0.0

    Cash Dividends Paid - Common

-0.4

-0.2

-0.1

0.0

0.0

Total Cash Dividends Paid

-0.4

-0.2

-0.1

0.0

0.0

        Repurchase/Retirement of Common

0.0

0.0

-0.4

0.0

0.0

    Common Stock, Net

0.0

0.0

-0.4

0.0

0.0

Issuance (Retirement) of Stock, Net

0.0

0.0

-0.4

0.0

0.0

    Short Term Debt, Net

-10.3

-5.9

-1.5

-1.5

4.5

        Long Term Debt Issued

8.8

8.6

5.0

0.0

4.3

        Long Term Debt Reduction

-7.3

-5.0

-4.5

-12.9

-14.1

    Long Term Debt, Net

1.5

3.6

0.5

-12.9

-9.9

Issuance (Retirement) of Debt, Net

-8.8

-2.2

-1.0

-14.4

-5.4

Cash from Financing Activities

-9.2

-2.5

-1.5

-14.4

-5.4

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

0.0

0.0

0.0

Net Change in Cash

-5.9

6.3

-1.6

2.3

-1.0

 

 

 

 

 

 

Net Cash - Beginning Balance

11.4

4.3

5.5

2.6

4.8

Net Cash - Ending Balance

5.5

10.5

4.0

4.8

3.9

Cash Interest Paid

0.4

0.5

0.5

0.7

0.8

Cash Taxes Paid

0.1

0.1

0.1

0.1

1.2

 

 Interim Cash Flows

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Jun-2011

25-Mar-2011

25-Dec-2010

25-Sep-2010

25-Jun-2010

Period Length

3 Months

12 Months

9 Months

6 Months

3 Months

UpdateType/Date

Updated Normal 
25-Jun-2011

Updated Normal 
25-Mar-2011

Updated Normal 
25-Dec-2010

Updated Normal 
25-Sep-2010

Updated Normal 
25-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

81.645269

85.865738

87.041431

89.197324

92.277258

 

 

 

 

 

 

Net Income/Starting Line

7.3

8.1

6.4

1.4

1.2

    Depreciation

0.8

2.9

2.3

1.4

0.7

Depreciation/Depletion

0.8

2.9

2.3

1.4

0.7

    Unusual Items

0.3

0.7

0.1

0.1

0.0

    Other Non-Cash Items

-0.5

-1.5

0.7

0.7

0.2

Non-Cash Items

-0.2

-0.7

0.8

0.7

0.2

    Accounts Receivable

-2.0

-3.4

-2.3

4.2

3.6

    Inventories

-3.8

1.3

-0.1

-1.8

-1.3

    Other Assets

-0.1

-0.1

-0.6

-0.8

-0.1

    Accounts Payable

-0.6

-1.6

0.1

0.5

0.3

    Accrued Expenses

-0.9

0.0

-1.0

-0.1

0.3

    Other Liabilities

-0.5

5.1

2.9

1.8

0.3

    Other Operating Cash Flow

-0.2

-0.4

-0.3

-0.3

-0.2

Changes in Working Capital

-8.2

0.9

-1.3

3.6

3.0

Cash from Operating Activities

-0.3

11.2

8.2

7.1

5.1

 

 

 

 

 

 

    Purchase of Fixed Assets

-1.0

-3.2

-2.4

-1.3

-0.5

    Purchase/Acquisition of Intangibles

0.0

-0.2

-0.1

0.0

0.0

Capital Expenditures

-1.0

-3.4

-2.5

-1.3

-0.5

    Sale of Fixed Assets

-

0.0

0.0

0.0

0.0

    Sale/Maturity of Investment

0.0

0.1

0.1

0.0

0.0

    Purchase of Investments

-0.1

-4.6

-1.7

-0.5

0.0

Other Investing Cash Flow Items, Total

-0.1

-4.4

-1.5

-0.4

0.0

Cash from Investing Activities

-1.1

-7.8

-4.0

-1.7

-0.5

 

 

 

 

 

 

    Cash Dividends Paid - Common

-0.5

-0.4

-0.4

-0.1

-0.1

Total Cash Dividends Paid

-0.5

-0.4

-0.4

-0.1

-0.1

        Repurchase/Retirement of Common

-

0.0

0.0

0.0

0.0

    Common Stock, Net

-

0.0

0.0

0.0

0.0

Issuance (Retirement) of Stock, Net

-

0.0

0.0

0.0

0.0

    Short Term Debt, Net

-0.6

-10.3

-3.3

-1.4

-0.9

        Long Term Debt Issued

0.4

8.8

4.9

0.9

0.7

        Long Term Debt Reduction

-1.8

-7.3

-5.5

-3.0

-1.5

    Long Term Debt, Net

-1.4

1.5

-0.6

-2.0

-0.8

Issuance (Retirement) of Debt, Net

-2.0

-8.8

-3.9

-3.4

-1.8

Cash from Financing Activities

-2.5

-9.2

-4.3

-3.6

-1.9

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

-0.2

-0.2

0.0

Net Change in Cash

-3.9

-5.9

-0.3

1.6

2.7

 

 

 

 

 

 

Net Cash - Beginning Balance

8.2

11.4

11.2

11.0

10.6

Net Cash - Ending Balance

4.3

5.5

10.9

12.6

13.4

Cash Interest Paid

0.1

0.4

0.3

0.2

0.1

Cash Taxes Paid

0.1

0.1

0.1

0.1

0.1

 

 

 

Annual Income Statement

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Finished goods sales, net

152.0

132.8

121.3

102.6

-

    Merchandise sales, net

0.0

0.0

0.0

0.1

-

    Net Sales

-

-

-

-

155.8

Total Revenue

152.0

132.9

121.3

102.7

155.8

 

 

 

 

 

 

    Cost-finished goods sold

99.4

94.0

90.6

80.8

-

    Cost-merchandise sold

0.0

0.0

0.0

0.1

-

    Cost of Sales

-

-

-

-

121.0

    Shipping Fee

5.6

5.1

4.6

3.9

8.7

    Product repair

1.5

1.5

1.9

1.1

-

    Advertisement

2.1

1.9

1.7

1.4

-

    Director's remuneration

1.3

0.8

0.6

0.3

-

    Allw.DoubtAcct.

-

-

-

-

0.0

    Salary

8.5

7.7

6.7

6.0

10.1

    Bonus

1.6

0.8

0.7

0.4

0.9

    Allowance Bonus

0.7

0.7

0.6

0.4

0.6

    Allw.Director Retire

0.5

0.0

-

-

-

    Retirement benefit expenses

0.4

0.3

-

-

-

    Welfare

1.9

1.4

1.5

1.2

-

    Travel expense

1.1

0.8

0.9

0.7

-

    Depreciation

0.6

0.5

0.5

0.4

0.7

    Rental expense

0.2

1.0

0.9

0.9

-

    Research & Develop

2.8

1.4

2.2

1.1

3.0

    Other SGA

5.3

3.4

1.7

1.1

12.8

    SP Reversal doubtful accounts

-

-

0.0

0.0

-

    SP Reversal recall loss reserve

0.0

0.0

0.0

-0.1

-

    SP Reversal director's retire reserve

-

-

0.0

-0.8

-

    SP Other Special Gain

0.0

0.0

0.0

0.0

0.0

    SP L on val. inv't. secs.

0.1

0.0

0.4

0.0

0.0

    SP Impairment loss

0.2

0.4

0.0

0.2

1.5

    SP Loss Recall

0.3

0.0

-

0.0

0.5

    SP Acct. Chg.Accr. Ret.

-

-

-

-

0.0

    SP Reserve Loss on Recall

-

-

-

0.0

0.1

    SP FPSC restructuring

-

-

-

0.0

1.6

    SP Special Retirement benefit

-

-

0.0

0.3

-

    SP Other Special Loss

0.0

0.0

0.0

0.0

0.0

    NOP Retire inventory

-

0.0

0.1

0.1

1.3

    NOP Loss Val.Inventory

-

0.0

0.6

0.3

1.3

Total Operating Expense

134.3

121.7

116.0

99.8

164.2

 

 

 

 

 

 

    NOP Interest Income

0.0

0.0

0.0

0.0

0.0

    NOP Interest on marketable secs

0.0

0.0

0.0

0.0

-

    NOP Dividend Income

0.0

0.0

0.0

0.2

0.1

    NOP Fixed asset rental income

0.0

0.0

0.0

0.0

-

    NOP Exchange Gain

-

-

-

-

0.3

    NOP Management guidance Income

-

0.0

0.0

0.0

-

    NOP G.Liquidate Gift Cert

-

-

-

-

1.8

    NOP Other Non-Op Inc.

0.1

0.1

0.0

0.1

0.4

    NOP Interest expense

-0.4

-0.5

-0.6

-0.6

-

    NOP Int.&Disct. Exp.

-

-

-

-

-0.9

    NOP Loss Sales Note

0.0

0.0

-0.1

-0.1

-0.1

    NOP Sales Discount

-1.2

-1.0

-1.0

-0.8

-0.7

    NOP Exchange Loss

-7.6

-2.2

-0.8

-1.8

-

    NOP Other Non-Op Exp.

-0.2

0.0

0.0

-0.1

-0.3

    SP G on sales of investment securities

-

0.0

0.1

1.0

1.8

    SP Gain on sales of noncurrent assets

0.0

0.0

0.0

0.4

-

    SP G on sale of subsidiaries' stocks

-

-

0.0

4.3

-

    SP Loss Sale Fixed Asset

-

-

-

-

0.0

    SP Loss Dispose F.Asset

-0.4

-0.8

-0.2

-0.3

-2.8

Net Income Before Taxes

8.1

6.9

2.8

5.1

-8.7

 

 

 

 

 

 

Provision for Income Taxes

-0.4

0.1

0.1

-0.1

0.8

Net Income After Taxes

8.5

6.8

2.8

5.2

-9.6

 

 

 

 

 

 

    Minority Interest

-

-

-

-

-0.2

Net Income Before Extra. Items

8.5

6.8

2.8

5.2

-9.8

Net Income

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

    Adjustment

0.0

0.0

0.0

0.0

-

Income Available to Com Excl ExtraOrd

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

8.5

6.8

2.8

5.2

-9.8

 

 

 

 

 

 

Basic Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Basic EPS Excluding ExtraOrdinary Items

0.97

0.78

0.31

0.58

-1.08

Basic EPS Including ExtraOrdinary Item

0.97

0.78

0.31

0.58

-1.08

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

8.5

6.8

2.8

5.2

-9.8

Diluted Weighted Average Shares

8.7

8.7

8.9

9.0

9.0

Diluted EPS Excluding ExtraOrd Items

0.97

0.78

0.31

0.58

-1.08

Diluted EPS Including ExtraOrd Items

0.97

0.78

0.31

0.58

-1.08

DPS-Common Stock

0.06

0.03

0.02

0.00

0.00

Gross Dividends - Common Stock

0.8

0.2

0.2

0.0

0.0

Normalized Income Before Taxes

9.1

8.1

3.5

0.4

-3.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.0

0.1

0.1

-1.8

2.6

Normalized Income After Taxes

9.1

8.0

3.4

2.2

-6.4

 

 

 

 

 

 

Normalized Inc. Avail to Com.

9.1

8.0

3.4

2.2

-6.6

 

 

 

 

 

 

Basic Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Diluted Normalized EPS

1.05

0.92

0.38

0.24

-0.73

Advertisement expenses

2.1

1.9

1.7

1.4

-

Rental expense

0.2

1.0

0.9

0.9

-

Research & Development Exp(SGA)

2.8

1.4

2.2

1.1

3.0

Research & Development Exp(COGS)

3.0

3.7

2.8

3.3

-

Interest Expense

0.4

0.5

0.6

0.6

0.9

Depreciation

2.9

3.3

2.7

2.7

3.3

Reported Operating Profit

18.4

11.6

6.3

2.9

-2.0

Reported ordinary profit

9.1

8.1

3.3

-0.6

-3.9

Service cost

-

0.4

0.4

0.4

0.4

Interest cost

-

0.1

0.1

0.1

0.1

Expected return on plan asset

-

0.0

0.0

0.0

0.0

Actuarial G/L

-

0.1

0.0

0.0

0.0

Exp. due to accounting change

-

-

-

-

0.0

Domestic Pension Plan Expense

-

0.6

0.5

0.4

0.5

Total Pension Expense

-

0.6

0.5

0.4

0.5

Discount Rate

-

2.00%

2.00%

2.00%

-

Expected Rate of Return

-

0.75%

0.75%

0.75%

-

 

 

Interim Income Statement

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Jun-2011

25-Mar-2011

25-Dec-2010

25-Sep-2010

25-Jun-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal 
25-Jun-2011

Updated Normal 
25-Mar-2011

Updated Normal 
25-Dec-2010

Updated Normal 
25-Sep-2010

Updated Normal 
25-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

81.645269

82.267747

82.675543

86.118333

92.277258

 

 

 

 

 

 

    Net Sales

49.5

44.3

43.4

33.3

32.0

Total Revenue

49.5

44.3

43.4

33.3

32.0

 

 

 

 

 

 

    Cost of Sales

31.2

28.7

27.5

21.8

21.8

    Shipping Fee

1.8

1.6

1.5

1.2

1.3

    Product repair fees

0.4

0.4

0.4

0.3

0.3

    Advertising expenses

0.7

0.6

0.5

0.5

0.4

    Salaries and allowances

3.0

0.6

2.8

2.6

2.5

    Allowance Bonus

0.3

-

0.2

0.3

0.5

    Reserve for Officers Retirement

0.1

0.4

0.1

0.1

-

    Periodic retirement benefit costs

0.1

-

0.1

0.1

0.1

    Welfare expenses

0.6

0.3

0.6

0.5

0.5

    Traveling exp.

0.4

0.0

0.4

0.4

0.3

    Allw.Doubtful Acct.

0.1

-

0.0

0.0

0.1

    Outsourcing expenses

0.4

-

0.4

0.3

0.3

    Other SGA

2.0

7.1

1.4

1.2

1.1

    SP Other Special Gains

-

-0.2

0.0

0.0

0.0

    SP L on val. inv't. secs.

-

0.2

0.0

-

0.0

    SP Impairment loss

-

0.1

0.0

0.0

0.0

    SP Loss on Recall

-

0.2

0.1

-

-

    SP Reserve Loss on Recall

-

-

0.2

-

-

    SP L on adj. for changes of acct. asset

0.3

-

-

-

-

Total Operating Expense

41.4

40.0

36.3

29.5

29.3

 

 

 

 

 

 

    NOP Interest Income

0.0

0.0

0.0

0.0

0.0

    NOP Dividend Income

0.0

0.0

0.0

0.0

0.0

    NOP Exchange Gain

-

-

0.0

-

-

    NOP F.Asset Lease Inc.

0.0

0.0

0.0

0.0

0.0

    NOP Other Non-Op Inc.

0.0

0.0

0.0

0.0

0.1

    NOP Interest expenses

-0.1

-0.1

-0.1

-0.1

-0.1

    NOP Loss Sale Note

-

0.0

0.0

0.0

0.0

    NOP Sales Discount

-0.4

-0.4

-0.3

-0.3

-0.3

    NOP Exchange Loss

-0.5

-1.7

-1.6

-3.3

-1.1

    NOP Other Non-Op Exp.

0.0

-0.2

0.0

0.0

0.0

    SP Gain Sale Fixed Assets

-

0.0

-

-

0.0

    SP Loss on disposal of noncurrent assets

-

-0.4

0.0

-0.1

0.0

Net Income Before Taxes

7.3

1.6

5.2

0.2

1.2

 

 

 

 

 

 

Provision for Income Taxes

1.9

-0.5

0.0

0.0

0.0

Net Income After Taxes

5.3

2.1

5.2

0.1

1.2

 

 

 

 

 

 

Net Income Before Extra. Items

5.3

2.1

5.2

0.1

1.2

Net Income

5.3

2.1

5.2

0.1

1.2

 

 

 

 

 

 

    Adjustment

0.0

0.0

0.0

0.0

0.0

Income Available to Com Excl ExtraOrd

5.3

2.1

5.2

0.1

1.2

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

5.3

2.1

5.2

0.1

1.2

 

 

 

 

 

 

Basic Weighted Average Shares

8.7

8.7

8.7

8.7

8.7

Basic EPS Excluding ExtraOrdinary Items

0.61

0.24

0.60

0.02

0.14

Basic EPS Including ExtraOrdinary Item

0.61

0.24

0.60

0.02

0.14

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

5.3

2.1

5.2

0.1

1.2

Diluted Weighted Average Shares

8.7

8.7

8.7

8.7

8.7

Diluted EPS Excluding ExtraOrd Items

0.61

0.24

0.60

0.02

0.14

Diluted EPS Including ExtraOrd Items

0.61

0.24

0.60

0.02

0.14

DPS-Common Stock

0.00

0.03

0.00

0.03

0.00

Gross Dividends - Common Stock

0.0

0.5

0.0

0.3

0.0

Normalized Income Before Taxes

7.6

2.3

5.6

0.2

1.2

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

2.0

-0.3

0.0

0.0

0.0

Normalized Income After Taxes

5.6

2.5

5.6

0.2

1.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

5.6

2.5

5.6

0.2

1.2

 

 

 

 

 

 

Basic Normalized EPS

0.64

0.29

0.64

0.02

0.14

Diluted Normalized EPS

0.64

0.29

0.64

0.02

0.14

Sales promotion & advert. exp.

0.7

0.6

0.5

0.5

0.4

Interest Expense

0.1

0.1

0.1

0.1

0.1

Depreciation

0.8

0.6

0.9

0.8

0.7

Reported Operating Profit

8.5

4.5

7.5

3.9

2.7

Reported Ordinary income

7.6

2.3

5.6

0.2

1.2

 

 

 

Annual Balance Sheet

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

81.13

92.69

97.72

100.075

117.825

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

    Cash & Deposit

10.4

13.2

6.7

8.0

8.2

    Note/Acct. Rcvbl

-

-

-

-

27.8

    Note receivable

7.1

5.4

3.1

2.9

-

    Account receivable

28.0

22.2

19.6

18.5

-

    Inventories-merchandise&finished goods

15.8

14.4

-

-

-

    Inventories - work-in-process

1.0

1.3

2.0

2.5

-

    Raw materials and supplies

1.3

-

-

-

-

    Finished goods

-

-

16.5

15.6

-

    Raw material

-

1.2

1.8

1.5

-

    Supply inventory

-

0.1

0.2

0.1

-

    Inventory

-

-

-

-

26.4

    Prepaid Expense

0.2

0.1

0.1

0.1

-

    Fee reimbursable

-

-

0.1

1.1

-

    Deferred tax assets

0.5

0.0

-

-

0.1

    Other receivable

1.3

1.4

0.5

1.2

-

    Other

0.2

0.1

0.1

0.1

2.6

    Allw.Doubt.Acct

-0.1

0.0

-0.1

-0.1

-0.2

Total Current Assets

65.7

59.3

50.6

51.5

65.0

 

 

 

 

 

 

    Buildings, gross

39.1

35.8

35.4

34.6

-

    Buildings-depreciation

-31.2

-29.0

-28.2

-27.0

-

    Structures, gross

2.0

1.7

1.7

1.6

-

    Structures-depreciation

-1.6

-1.4

-1.5

-1.4

-

    Machinery & equipment, gross

10.6

10.0

10.0

10.0

-

    Machinery/equipment-depreciation

-10.0

-9.4

-9.2

-9.3

-

    Vehicles, gross

0.1

0.0

0.0

0.0

-

    Vehicles-depreciation

0.0

0.0

0.0

0.0

-

    Build./Structure

-

-

-

-

36.0

    Machine/Delivery

-

-

-

-

8.8

    Molding

22.3

19.1

20.8

21.4

-

    Molding-depreciation

-20.0

-17.1

-18.2

-18.9

-

    Tools, equipments and fixtures, gross

4.8

4.3

4.7

4.5

-

    Tools/equipments/fixtures-depreciation

-4.0

-3.7

-4.1

-3.8

-

    Lease assets, gross

3.6

1.6

0.2

0.0

-

    Accum. depr - lease assets

-1.8

-0.3

0.0

0.0

-

    Land

14.8

12.9

12.6

12.3

18.4

    Const in Prog.

0.2

0.1

0.2

0.2

0.0

    Other PPE

-

-

-

-

26.8

    Depreciation

-

-

-

-

-57.5

    Intangible-Total

-

-

-

-

0.3

    Goodwill

0.0

0.0

0.0

0.0

-

    Land leasing right

0.1

0.1

0.0

0.0

-

    Software

0.2

0.1

0.1

0.1

-

    Telephone subscription rights

-

0.1

0.1

0.1

-

    Lease assets, intangible

0.6

0.1

0.1

0.0

-

    Other

0.2

0.0

0.0

0.0

-

    Invest Secs.

2.0

1.2

1.1

1.2

4.9

    Investment in closely-held capital

-

0.0

0.0

0.0

-

    Investment partners-nonconsol.affiliates

2.5

0.0

0.0

0.0

-

    Claims bankruptcy

-

0.3

0.0

0.6

-

    LT Prepaid Exp.

-

0.1

0.2

0.2

-

    Guarantee deposits

-

0.3

0.3

0.3

-

    Deferred Tax

-

-

-

-

0.3

    Other

1.3

0.6

0.5

0.5

1.9

    Allw.Doubt.Acct.

0.0

-0.3

0.0

-0.6

-0.6

    Adjustment

-

-

0.0

-

-

Total Assets

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

    Note payable

0.9

2.7

4.3

5.1

-

    Trade accounts payable

3.3

2.4

2.0

2.9

-

    Note&Acct.Pay

-

-

-

-

19.3

    Short Term Debt

1.8

11.2

16.2

17.3

17.6

    Cur.Port.LT Debt

4.8

4.1

3.4

3.3

7.9

    Current Protion of Corp. Bond

0.1

0.4

0.4

0.4

1.2

    Current lease obligations

1.5

0.7

0.0

0.0

-

    Other accounts payable

4.4

2.1

1.7

2.2

-

    Sales Tax Pay.

0.4

0.8

0.2

0.3

0.2

    Accrued Expense

2.4

1.8

1.5

1.4

-

    Income Tax Pay.

0.2

0.2

0.2

0.2

0.4

    Advance received

0.1

0.1

0.1

0.1

-

    Deposits received

0.3

0.1

0.1

0.1

-

    Allowance Bonus

1.3

1.1

0.9

0.8

0.9

    Reserve Recall Loss

0.0

0.0

0.0

0.0

0.1

    Notes payable-building

-

0.0

0.0

0.2

-

    Foreing exchange forward

3.9

0.0

0.2

1.8

-

    Other

0.4

0.2

0.2

0.4

8.8

Total Current Liabilities

25.9

28.0

31.4

36.5

56.4

 

 

 

 

 

 

    Corporate Bond

0.7

0.8

0.2

0.6

0.8

    LT Debt

9.9

7.5

5.0

3.9

11.6

    Lease obligations

1.1

0.7

0.2

0.0

-

Total Long Term Debt

11.8

9.0

5.4

4.5

12.4

 

 

 

 

 

 

    Deferred Tax

0.0

0.0

0.0

0.0

0.6

    Rsrv.Accr.Retire

1.6

3.2

2.9

2.7

2.4

    Allw.Director Retirement

2.2

1.5

1.5

1.4

2.3

    Other

0.1

0.1

0.0

0.2

0.9

    Minority Int.

-

-

-

-

1.3

Total Liabilities

41.6

41.9

41.2

45.4

76.3

 

 

 

 

 

 

    Common Stock

21.5

18.8

17.8

17.4

14.8

    Legal capital surplus

11.7

10.3

9.8

9.5

14.8

    Retained Earning

-

-

-

-

-2.2

    Deferred retained surplus

26.8

16.0

8.9

6.0

-

    Unrlzd.Gain Secs

0.2

0.0

0.0

-0.1

0.6

    Treasury stocks

-0.5

-0.4

-0.4

0.0

0.0

Total Equity

59.7

44.7

36.1

32.9

28.0

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

101.3

86.6

77.3

78.3

104.3

 

 

 

 

 

 

    S/O-Common Stock

8.7

8.7

8.7

9.0

9.0

Total Common Shares Outstanding

8.7

8.7

8.7

9.0

9.0

T/S-Common Stock

0.3

0.3

0.3

0.0

0.0

Advance received

0.1

0.1

0.1

0.1

-

Full-Time Employees

294

284

274

278

402

Number of Common Shareholders

914

908

858

859

769

Long Term Debt Maturing Within 1 Year

-

4.5

3.8

3.7

-

Long Term Debt Maturing Within 2 Years

-

2.7

2.7

2.7

5.7

Long Term Debt Maturing Within 3 Years

-

2.5

1.1

1.7

3.9

Long Term Debt Maturing Within 4 Years

-

2.4

0.8

0.1

2.1

Long Term Debt Maturing Within 5 Years

-

0.7

0.6

-

0.4

Long Term Debt Maturing Remaining

-

-

-

-

0.3

Total Long Term Debt, Supplemental

-

12.8

9.0

8.3

12.4

Capital Lease Payments due within 1 Yr

-

0.7

0.0

-

-

Capital Lease Payments due within 2 Yr

-

0.6

0.0

-

-

Capital Lease Payments due within 3 Yr

-

0.1

0.0

-

-

Capital Lease Payments due within 4 Yr

-

0.1

0.0

-

-

Capital Lease Payments due within 5 Yr

-

0.0

0.0

-

-

Capital Lease Payments Remaining

-

0.0

0.0

-

-

Total Capital Leases

-

1.4

0.2

-

-

Pension obligation

-

7.2

6.3

5.9

6.0

Fair value of plan asset

-

3.7

2.8

3.4

4.2

Funded status

-

-3.5

-3.5

-2.5

-1.9

Total Funded Status

-

-3.5

-3.5

-2.5

-1.9

Discount rate

-

2.00%

2.00%

2.00%

2.00%

Expected rate of return

-

0.75%

0.75%

0.75%

0.75%

Unrecog. actuarial G/L

-

0.2

0.6

-0.2

-0.5

Accrued pension

-

-3.2

-2.9

-2.7

-2.4

Net Assets Recognized on Balance Sheet

-

-3.0

-2.3

-2.9

-2.9

 

 

 

Interim Balance Sheet

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Jun-2011

25-Mar-2011

25-Dec-2010

25-Sep-2010

25-Jun-2010

UpdateType/Date

Updated Normal 
25-Jun-2011

Updated Normal 
25-Mar-2011

Updated Normal 
25-Dec-2010

Updated Normal 
25-Sep-2010

Updated Normal 
25-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

80.43

81.13

82.94

84.22

89.285

 

 

 

 

 

 

    Cash & Deposit

9.0

10.4

16.0

16.6

16.5

    Note/Acct. Rcvbl

37.4

35.1

33.2

25.9

24.9

    Inventories-merchandise&finished goods

18.9

15.8

16.6

17.3

16.6

    Inventories-work in process

1.7

1.0

1.3

1.9

1.1

    Inventories-raw materials&supplies

1.5

1.3

1.3

1.4

1.3

    Other

2.2

2.3

2.2

2.3

1.2

    Allowance for doubtful accounts

-0.2

-0.1

-0.1

-0.1

-0.1

Total Current Assets

70.6

65.7

70.4

65.4

61.6

 

 

 

 

 

 

    Buildings gross

-

39.1

40.3

39.4

36.9

    Accum. depr - buildings

-

-31.2

-32.3

-31.6

-29.7

    Buildings and structures

41.5

-

-

-

-

    Buildings and structures-Dep.

-33.3

-

-

-

-

    Machineries & equipment, gross

10.6

10.6

10.4

10.2

10.4

    Accum. depr - machin&equip.

-10.0

-10.0

-9.7

-9.6

-9.8

    Tools, furniture, & fixtures, gross

5.0

4.8

4.9

4.8

4.5

    Accum. depr - tools, furn, fixtur

-4.1

-4.0

-4.3

-4.2

-3.9

    Molding, gross

22.6

22.3

21.6

21.1

19.9

    Molding-depreciation

-20.5

-20.0

-19.9

-19.4

-18.0

    Land

14.9

14.8

14.4

14.2

13.4

    Const in Prog.

0.4

0.2

0.4

0.4

0.2

    Other PPE, Gross

4.0

5.7

5.2

4.4

3.7

    Accumulated depreciation - Other PPE

-2.1

-3.4

-2.9

-2.5

-2.1

    Intangible-Total

1.1

1.0

0.9

0.4

0.3

    Invest Secs.

1.9

2.0

1.4

1.3

1.3

    Other assets

1.3

3.7

1.4

1.6

1.4

    Allowance for doubtful accounts

0.0

0.0

-0.1

-0.4

-0.4

    Adjustment

-

-

0.0

-

-

Total Assets

103.9

101.3

102.1

95.6

89.8

 

 

 

 

 

 

    Note&Acct.Pay

3.6

-

5.7

6.1

5.5

    Note Payable

-

0.9

-

-

-

    Account Payable

-

3.3

-

-

-

    Short Term Debt

1.2

1.8

9.0

10.8

10.6

    Cur.Port.LT Debt

4.7

4.8

3.7

3.6

3.9

    Current Portion of Corporate Bond

0.2

0.1

0.2

0.2

0.2

    Lease obligation current

1.5

1.5

1.5

1.2

0.9

    Income Tax Payable

2.0

0.2

0.1

0.1

0.1

    Sales Tax Payable

0.4

0.4

0.3

0.1

0.2

    Allowance Bonus

0.3

1.3

0.2

1.1

1.5

    Resreve Recall Loss

-

0.0

0.2

-

-

    Other provision

-

-

-

0.0

0.0

    Forward exchange contracts

-

3.9

3.4

-

-

    Other

10.7

7.6

5.5

8.0

5.7

Total Current Liabilities

24.7

25.9

30.0

31.3

28.7

 

 

 

 

 

 

    Corporate Bond

0.6

0.7

0.7

0.8

0.8

    LT Debt

8.8

9.9

8.3

6.7

7.0

    Lease obligations

1.2

1.1

1.1

0.7

0.7

Total Long Term Debt

10.6

11.8

10.1

8.3

8.4

 

 

 

 

 

 

    Rsrv.Accr.Retirement

1.7

1.6

3.8

3.7

3.4

    Allw.Director Retire

1.4

2.2

1.8

1.7

1.6

    Asset retirement obligations

0.2

-

-

-

-

    Other

0.2

0.1

0.1

0.1

0.1

Total Liabilities

38.9

41.6

45.8

45.1

42.3

 

 

 

 

 

 

    Common Stock

21.7

21.5

21.0

20.7

19.5

    Paid in Capital

11.8

11.7

11.5

11.3

10.7

    Retained Earning

31.9

26.8

24.1

18.9

17.7

    Unrlzd.Gain Security

0.0

0.2

0.1

0.0

0.0

    Foreign currency translation adj.

0.0

-

-

-

-

    Treasury stock

-0.5

-0.5

-0.5

-0.4

-0.4

Total Equity

65.0

59.7

56.2

50.5

47.5

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

103.9

101.3

102.1

95.6

89.8

 

 

 

 

 

 

    S/O-Common Stock

8.7

8.7

8.7

8.7

8.7

Total Common Shares Outstanding

8.7

8.7

8.7

8.7

8.7

T/S-Common Stock

0.3

0.3

0.3

0.3

0.3

Full time employees

-

294

294

291

292

 

 

Annual Cash Flows

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Mar-2011

25-Mar-2010

25-Mar-2009

25-Mar-2008

25-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
25-Mar-2011

Updated Normal 
25-Mar-2010

Updated Normal 
25-Mar-2009

Updated Normal 
25-Mar-2008

Updated Normal 
25-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.865738

93.022233

100.51373

114.598456

116.938456

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Shin Nihon & Co.

Auditor Opinion

Unqualified

Unqualified with Explanation

Unqualified

Unqualified

Unqualified with Explanation

 

 

 

 

 

 

Net Income,Bf.Tax

8.1

6.9

2.8

5.1

-8.7

    Depreciation

2.9

3.3

2.7

2.7

3.3

    Impairment loss

0.2

0.4

0.0

0.2

1.5

    FPSC restructuring

-

-

-

-

1.6

    Allw.Doubt Acct.

-0.3

0.3

-0.6

-0.1

-0.1

    Allowance Bonus

0.0

0.2

0.1

-0.1

-0.1

    Rsrv.Accr.Retire

-2.0

0.2

0.1

0.1

0.2

    Allw.Director Retire

0.5

0.0

0.0

-0.9

-0.1

    Reserve Loss on Recall

0.0

0.0

0.0

-0.1

0.0

    Reserve for loss on guarantees

-

-

0.0

0.0

0.0

    Inc/Dec in Guarantee Liability

0.0

0.0

-

-

0.0

    Interest/Divid. Inc.

-0.1

-0.1

0.0

-0.2

-0.1

    Interest Expense

0.4

0.5

0.6

0.6

0.9

    Exchange Gain/Loss

0.0

0.0

0.0

0.0

0.0

    Gain Sale Investment Securities

0.0

0.0

-0.1

-1.0

-1.8

    L on val. inv't. secs.

0.1

0.0

0.4

0.0

0.0

    Gain Sale Subsidiary Stock

-

-

0.0

-4.3

-

    Gain Sale F.Asset

0.0

0.0

0.0

-0.4

-

    Loss sale fixed asset

-

-

-

-

0.0

    Loss disposal fixed asset

0.4

0.8

0.2

0.3

-

    Loss Retire F.Asset

-

-

-

-

2.8

    Other Gain/Loss

-

-

-

-

0.0

    Account Receivable

-3.4

-3.6

-0.8

1.4

3.8

    Inventory

1.3

4.5

-0.2

2.9

2.3

    Other Crrt. Asset

-0.1

-0.3

2.2

-0.1

0.0

    Account Payable

-1.6

-1.6

-1.8

-0.9

-2.3

    Other Crrt.Liability

5.1

0.8

-2.5

0.5

-0.4

    Interest/Divid. Rcvd

0.1

0.1

0.0

0.2

0.1

    Interest Paid

-0.4

-0.5

-0.5

-0.7

-0.8

    Inc. Tax Paid

-0.1

-0.1

-0.1

-0.1

-1.2

Cash from Operating Activities

11.2

11.7

2.4

5.4

1.0

 

 

 

 

 

 

    Time Deposit Made

-1.5

0.0

-0.1

-0.9

-11.1

    Time Deposit Collected

0.0

0.1

0.0

1.9

14.1

    Capital Expenditure

-3.2

-2.8

-2.2

-2.4

-2.7

    Sales PPE

0.0

0.0

0.0

3.9

0.9

    Purchase intangible asset

-0.2

-0.1

0.0

-0.1

-

    Purchase Invest.Secs.

-0.5

-0.1

-0.1

0.0

-0.3

    Sales Invest Secs.

-

0.0

0.1

3.7

2.5

    Purchase of stocks of affiliates

-2.3

0.0

-

-

-

    Sale subsidary stock

-

-

0.0

5.0

-

    Short Term Loan Made

-

-

-

-

0.0

    Short TermLoan Repay

-

-

-

-

0.0

    Other Invest Purch.

-0.2

-0.2

-0.1

-0.2

-0.3

    Other Invest Sales

0.1

0.0

0.0

0.3

0.2

Cash from Investing Activities

-7.8

-3.0

-2.4

11.3

3.4

 

 

 

 

 

 

    Short Term Debt, Net

-10.3

-5.9

-1.5

-1.5

4.5

    Long Term Debt Repay

-5.6

-4.2

-4.1

-11.7

-13.6

    Long Term Debt Pro.

7.0

7.0

5.0

0.0

4.3

    Proceeds from sale and leaseback

1.8

0.6

0.0

-

-

    Proceeds from issuance of bonds

0.0

1.1

0.0

-

0.0

    Redemption Bond

-0.5

-0.5

-0.4

-1.2

-0.5

    Repay lease obligation

-1.2

-0.2

0.0

0.0

-

    Purchase of treasuries

0.0

0.0

-0.4

0.0

0.0

    Dividend

-0.4

-0.2

-0.1

0.0

0.0

    Dividned to Minority

-

-

-

-

0.0

Cash from Financing Activities

-9.2

-2.5

-1.5

-14.4

-5.4

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

0.0

0.0

0.0

Net Change in Cash

-5.9

6.3

-1.6

2.3

-1.0

 

 

 

 

 

 

Net Cash - Beginning Balance

11.4

4.3

5.5

2.6

4.8

Net Cash - Ending Balance

5.5

10.5

4.0

4.8

3.9

    Cash Interest Paid

0.4

0.5

0.5

0.7

0.8

    Cash Taxes Paid

0.1

0.1

0.1

0.1

1.2

 

 

Interim Cash Flows

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

25-Jun-2011

25-Mar-2011

25-Dec-2010

25-Sep-2010

25-Jun-2010

Period Length

3 Months

12 Months

9 Months

6 Months

3 Months

UpdateType/Date

Updated Normal 
25-Jun-2011

Updated Normal 
25-Mar-2011

Updated Normal 
25-Dec-2010

Updated Normal 
25-Sep-2010

Updated Normal 
25-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

81.645269

85.865738

87.041431

89.197324

92.277258

 

 

 

 

 

 

Net Income,Bf.Tax

7.3

8.1

6.4

1.4

1.2

    Depreciation

0.8

2.9

2.3

1.4

0.7

    Impairment loss

-

0.2

0.0

0.0

0.0

    Allw.Doubtful Acct.

0.1

-0.3

-0.2

0.1

0.1

    Allowance Bonus

-0.9

0.0

-1.0

-0.1

0.3

    Reserve Accr.Retire

0.2

-2.0

0.1

0.1

0.0

    Reserve Director Retire

-0.8

0.5

0.1

0.0

-

    Reserve for Recall Loss

-

0.0

-

-

-

    Other Reserve

-

-

0.2

0.0

0.0

    Inc/Dec in Guarantee Liability

-

0.0

-

-

-

    Interest/Divid. Inc.

0.0

-0.1

-0.1

-0.1

0.0

    Interest Expense

0.1

0.4

0.3

0.2

0.1

    Loss on adjustment for changes of accoun

0.3

-

-

-

-

    Exchange Gain/Loss

0.0

0.0

0.2

0.2

0.0

    Gain Sale Investment Securities

-

0.0

-

-

-

    Loss valuation investment secs

-

0.1

0.0

0.0

0.0

    Gain Sale F.Asset

-

0.0

0.0

0.0

0.0

    Disposal fixed asset

-

0.4

0.1

0.1

0.0

    Account Receivable

-2.0

-3.4

-2.3

4.2

3.6

    Inventory

-3.8

1.3

-0.1

-1.8

-1.3

    Other Asset

-0.1

-0.1

-0.6

-0.8

-0.1

    Account Payable

-0.6

-1.6

0.1

0.5

0.3

    Other Liability

-0.5

5.1

2.9

1.8

0.3

    Interest/Divid. Rcvd

0.0

0.1

0.1

0.1

0.0

    Interest Paid

-0.1

-0.4

-0.3

-0.2

-0.1

    Income Tax Paid

-0.1

-0.1

-0.1

-0.1

-0.1

Cash from Operating Activities

-0.3

11.2

8.2

7.1

5.1

 

 

 

 

 

 

    Time Deposit Made

-

-1.5

-1.5

-0.3

-

    Time Deposit Withdrawed

-

0.0

-

-

-

    Capital Expenditure

-1.0

-3.2

-2.4

-1.3

-0.5

    Sales PPE

-

0.0

0.0

0.0

0.0

    Purchase of Intangible Assets

0.0

-0.2

-0.1

0.0

0.0

    Purch. Invest.Secs.

0.0

-0.5

0.0

0.0

0.0

    Purchase of stocks of affiliates

-

-2.3

-

-

-

    Other Invest Purchase

-0.1

-0.2

-0.2

-0.1

0.0

    Other Invest Sales

0.0

0.1

0.1

0.0

0.0

Cash from Investing Activities

-1.1

-7.8

-4.0

-1.7

-0.5

 

 

 

 

 

 

    Short Term Debt, Net

-0.6

-10.3

-3.3

-1.4

-0.9

    Long Term Debt Repay

-1.4

-5.6

-4.3

-2.3

-1.1

    Long Term Debt Proceed

-

7.0

3.4

0.0

0.0

    Proceeds from issuance of bonds

-

0.0

0.0

-

-

    Redemption bond

-

-0.5

-0.3

-0.2

-0.2

    Proceeds from sale and leaseback

0.4

1.8

1.4

0.9

0.7

    Repay lease obligation

-0.4

-1.2

-0.8

-0.5

-0.2

    Purchase of Treasury

-

0.0

0.0

0.0

0.0

    Dividend Paid

-0.5

-0.4

-0.4

-0.1

-0.1

Cash from Financing Activities

-2.5

-9.2

-4.3

-3.6

-1.9

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

-0.2

-0.2

0.0

Net Change in Cash

-3.9

-5.9

-0.3

1.6

2.7

 

 

 

 

 

 

Net Cash - Beginning Balance

8.2

11.4

11.2

11.0

10.6

Net Cash - Ending Balance

4.3

5.5

10.9

12.6

13.4

    Cash Interest Paid

0.1

0.4

0.3

0.2

0.1

    Cash Taxes Paid

0.1

0.1

0.1

0.1

0.1

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.24

UK Pound

1

Rs.83.77

Euro

1

Rs.70.46

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.