MIRA INFORM
REPORT
|
Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
JAPAN RADIO CO., LTD. |
|
|
|
|
Registered Office : |
5-1-1 Shimo-Renjaku, Mitaka-Shi, 181-0013 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
01.10.1949 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
manufacture and sale
of wireless communication equipment |
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
Japan Radio Co., Ltd.
5-1-1 Shimo-Renjaku
Mitaka-Shi, 181-0013
Japan
Tel: 81-422-459774
Fax: 81 (422) 45-9110
Web: www.jrc.co.jp
Synthesis
Employees: 3,766
Company Type: Public Parent
Corporate Family: 7
Companies
Traded: Tokyo
Stock Exchange: 6751
Incorporation Date:
01-Oct-1949
Auditor: Deloitte & Touche LLP
Financials in: (USD)
Millions
Fiscal Year End: 31-Mar-2011
Reporting Currency: Japanese
Yen
Annual Sales: 1,256.9 1
Net Income: 22.5
Total Assets: 1,431.1 2
Market Value: 326.5
(04-Nov-2011)
Business Description
Japan Radio Co.,
Ltd. is a Japan-based company mainly engaged in the manufacture and sale of
wireless communication equipment. The Company manufactures and sells the
wireless communications devices, wireless application appliances, electronic
application appliances and electronic components, as well as provides
installment and maintenance services and logistics management services for
equipment and components. The Company’s main products include the marine
equipment such as maritime satellite communication equipment, shipboard
communication equipment, shipboard radars and fishing equipment; the
communication equipment such as transmitting amplifier devices, subscriber
radio devices and wireless phone devices, as well as the solutions and special
equipment such as broadcasting systems, water and river information systems and
road information systems. As of March 31, 2011, the Company had 12 subsidiaries
and four associated companies. For the three months ended 30 June 2011, Japan
Radio Co., Ltd.'s revenues decreased 4% to Y15.72B. The Company's net loss
decreased 46% to Y1.05B. Revenues reflect lower sales mainly from communication
equipment business. The Company's net loss benefited from the presence of gain
on sale of investment securities, as well as the absence of loss on adjustment
for changes of accounting assets.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2149 - Other Basic
Non-Ferrous Metal Product Manufacturing
NACE 2002: 2745 - Other
non-ferrous metal production
NAICS 2002: 335929 - Other
Communication and Energy Wire Manufacturing
UK SIC 2003: 2745 - Other
non-ferrous metal production
US SIC 1987: 3357 - Drawing and
Insulating of Nonferrous Wire
Key Executives
|
Name |
Title |
|
Takayoshi Tsuchida |
President, Representative Director |
|
Yasuhiko Hara |
Executive Officer, Chief Director of Production |
|
Kouichi Okajima |
Senior Managing Director |
|
Yoshio Nakatsuchi |
Co-Auditor |
|
Manabu Arai |
Co-Executive Officer |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Mergers / Acquisitions |
1 |
Nisshinbo Holdings Inc. Announces Outcome of Takeover Bid for Japan
Radio Co., Ltd. |
22-Dec-2010 |
|
Negative Earnings Pre-Announcement |
1 |
Japan Radio Co., Ltd. Lowers Consolidated Full-year Outlook for FY
Ended March 2011 |
28-Apr-2011 |
|
Officer Changes |
1 |
Japan Radio Co., Ltd. Announces Officer Changes |
25-Mar-2011 |
|
Expansion / New Markets / New Units |
1 |
Japan Radio Co., Ltd. Establishes New Subsidiary in China |
24-Jan-2011 |
|
Positive Earnings Pre-Announcement |
2 |
Japan Radio Co., Ltd. Affirms Consolidated Mid-year Forecast for FY
2012; Raised Consolidated Full-year Forecast for Net Profit for FY 2012;
Expects Extraordinary Profit for FY 2012; to Sell Property |
30-Sep-2011 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Tokyo Stock
Exchange: morning price list -3- |
13-Nov-2011 |
|
Tokyo Stock
Exchange: morning price list -3- |
13-Nov-2011 |
|
Tokyo Stock
Exchange: closing price list -3- |
11-Nov-2011 |
|
Tokyo Stock
Exchange: closing price list -3- |
11-Nov-2011 |
|
Tokyo Stock
Exchange: morning price list -3- |
8-Nov-2011 |
Financial Summary
As of 30-Jun-2011
Key Ratios Company Industry
Current Ratio (MRQ) 1.87 3.07
Quick Ratio (MRQ) 1.26 2.60
Debt to Equity (MRQ) 0.57 0.27
Sales 5 Year Growth -9.65 14.13
Net Profit Margin (TTM) % 2.66 17.97
Return on Assets (TTM) % 2.72 7.97
Return on Equity (TTM) % 6.79 14.12
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88
Corporate Overview
Location
5-1-1 Shimo-Renjaku
Mitaka-Shi, 181-0013
Japan
Tel: 81-422-459774
Fax: 81 (422) 45-9110
Web: www.jrc.co.jp
Quote Symbol - Exchange
6751 - Tokyo Stock
Exchange
Sales JPY(mil): 107,705.0
Assets JPY(mil): 118,608.0
Employees: 3,766
Fiscal Year End: 31-Mar-2011
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 01-Oct-1949
Company Type: Public
Parent
Quoted Status: Quoted
President, Representative Director: Takayoshi
Tsuchida
Company Web Links
· Corporate History/Profile
· Home Page
· Investor Relations
· News Releases
· Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
5610 - Radio Broadcasting
5802 - Other Telecommunications Network Operation
2429 - Other Electronic Equipment Manufacturing
5809 - Other Telecommunications Services
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
2412 - Medical and Surgical Equipment Manufacturing
NACE 2002 Codes:
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
6420 - Telecommunications
3210 - Manufacture of electronic valves and tubes and other
electronic components
2745 - Other non-ferrous metal production
NAICS 2002 Codes:
517410 - Satellite Telecommunications
515112 - Radio Stations
334411 - Electron Tube Manufacturing
517212 - Cellular and Other Wireless Telecommunications
334510 - Electromedical and Electrotherapeutic Apparatus
Manufacturing
334413 - Semiconductor and Related Device Manufacturing
335929 - Other Communication and Energy Wire Manufacturing
US SIC 1987:
3357 - Drawing and Insulating of Nonferrous Wire
3671 - Electron Tubes
4899 - Communications Services, Not Elsewhere Classified
3674 - Semiconductors and Related Devices
4812 - Radiotelephone Communications
3845 - Electromedical and Electrotherapeutic Apparatus
4832 - Radio Broadcasting Stations
UK SIC 2003:
2745 - Other non-ferrous metal production
3210 - Manufacture of electronic valves and tubes and other
electronic components
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
6420 - Telecommunications
Business Description
Japan Radio Co.,
Ltd. is a Japan-based company mainly engaged in the manufacture and sale of
wireless communication equipment. The Company manufactures and sells the
wireless communications devices, wireless application appliances, electronic
application appliances and electronic components, as well as provides
installment and maintenance services and logistics management services for
equipment and components. The Company’s main products include the marine
equipment such as maritime satellite communication equipment, shipboard
communication equipment, shipboard radars and fishing equipment; the
communication equipment such as transmitting amplifier devices, subscriber
radio devices and wireless phone devices, as well as the solutions and special equipment
such as broadcasting systems, water and river information systems and road
information systems. As of March 31, 2011, the Company had 12 subsidiaries and
four associated companies. For the three months ended 30 June 2011, Japan Radio
Co., Ltd.'s revenues decreased 4% to Y15.72B. The Company's net loss decreased
46% to Y1.05B. Revenues reflect lower sales mainly from communication equipment
business. The Company's net loss benefited from the presence of gain on sale of
investment securities, as well as the absence of loss on adjustment for changes
of accounting assets.
More Business Descriptions
· Manufacture and sale of telecommunication equipment, radio-applied equipment, marine electronics, computer-based systems, etc
· Radio and Television Broadcasting and Wireless Communications Equipment Mfg
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Strategic Initiatives
Sales and Distribution
We will endeavor
to achieve stable sales growth to reform our business structure. With that in
mind, we will solidify our position as the general manufacturer with the
leading share of the large commercial vessel market in our marine electronics
equipment segment. In our communications equipment segment, we will pursue a
global strategy for all products, ranging from terminal equipment to equipment
for the infrastructure, devoting particular attention to telecommunication
infrastructure equipment, ITS, and the professional mobile radio business. In
the solutions and specialized equipment segment, we will apply the expertise we
have developed in disaster prevention systems for the public sector to business
for the private sector. Our objectives will be to extensively cultivate
technology and expand the range of our business to those sectors expected to
grow in the future, including such infrastructural companies as utilities, and
the solution and security business for corporate business objectives.
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Total Corporate Family Members: 7 |
|
|
|
|
|
Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Mitaka-Shi |
Japan |
Miscellaneous Fabricated Products |
1,256.9 |
3,766 |
|
|
|
Subsidiary |
Yokohama, Kanagawa Pref |
Japan |
Aerospace and Defense |
1.0 |
337 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
|
183 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
24.2 |
154 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
|
95 |
|
|
|
Subsidiary |
Saitama |
Japan |
Personal and Household Products |
136.1 |
63 |
|
|
|
Subsidiary |
Jakarta, West Java |
Indonesia |
Communications Equipment |
|
|
|
Executive report
|
Board of
Directors |
|
|
|
|
|||||
|
Chairman of the Board, Representative Director |
Chairman |
|
|||||
|
||||||||
|
Chairman |
Chairman |
|
|
||||
|
Executive Officer, Chief Director of Solution Business, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Managing Executive Officer, Chief Director of Sales Strategy, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Managing Executive Officer, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Executive Officer, Manager of Business Planning Office, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Executive Officer, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Executive Officer, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Executive Officer, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
President, Representative Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Executives |
|
|
|
|
|||||
|
Senior Managing Director |
Chief Executive Officer |
|
|||||
|
President, Representative Director |
President |
|
|||||
|
||||||||
|
Managing Executive Officer |
Managing Director |
|
|
||||
|
Co-Executive Officer |
Operations Executive |
|
|
||||
|
Co-Executive Officer |
Operations Executive |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||
|
Standing Corporate Auditor |
Accounting Executive |
|
|
||||
|
Executive Officer, Chief Director of Production |
Other |
|
|
||||
|
Executive Officer, Director of Telecommunication Infrastructure
Business |
Other |
|
|
||||
|
Executive Officer, Chief Director of Administration |
Other |
|
|
||||
|
Executive Officer, Director of Marine Machinery Business |
Other |
|
|
||||
|
Executive Officer, Chief Director of Quality Assurance |
Other |
|
|
||||
|
Executive Officer, Director of Telecommunication Equipment Business |
Other |
|
|
||||
|
Executive Officer, Chief Director of Research & Development |
Other |
|
|
||||
|
Executive Officer, Director of Special Machine Business |
Other |
|
|
||||
Significant Developments
Japan Radio Co.,
Ltd. Affirms Consolidated Mid-year Forecast for FY 2012; Raised Consolidated
Full-year Forecast for Net Profit for FY 2012; Expects Extraordinary Profit for
FY 2012; to Sell Property
Sep 30, 2011
Japan Radio Co.,
Ltd. announced that it has affirmed the consolidated mid-year forecast for
revenue of JPY 34,700 million, operating profit (loss) of JPY (3,600 million),
ordinary profit (loss) of JPY (3,700 million), net profit (loss) of JPY (3,000
million) and earning (loss) per share of JPY (21.78) for the fiscal year ending
March 31, 2012. The Company has reaffirmed the consolidated full-year forecast
for revenue of JPY 112,800 million, operating profit of JPY 3,000 million,
ordinary profit of JPY 2,900 million, and raised the forecast for net profit
from JPY 3,500 million to JPY 4,600 and earning per share from JPY 25.41 to JPY
33.39 for the fiscal year ending March 31, 2012. The Company raised the
consolidated full-year outlook for net profit due to expectation of JPY 1,175
million extraordinary profit on sale of properties for the fiscal year ending
March 31, 2012. The Company has decided to sell a property for JPY 1,188
million in the end of November 2011.
R&I Places
Japan Radio Co., Ltd. on Rating Monitor with View to Downgrading Sep 26, 2011
Rating and
Investment Information, Inc. (R&I) announced that it has placed Japan Radio
Co., Ltd. on the rating monitor with a view to downgrading. The current rating
on Japan Radio Co., Ltd. has been set at "BBB+".
R&I Affirms
Rating on Japan Radio Co., Ltd. at "BBB+"; Rating Outlook Stable Sep
16, 2011
Rating and
Investment Information, Inc. (R&I) announced that it has affirmed the
rating on Japan Radio Co., Ltd. at "BBB+". The rating outlook is
stable.
Japan Radio Co.,
Ltd. Raises Consolidated Mid-year and Full-year Guidance for Net Profit for FY
2012; Sells Shares of Parent Company; Expects Extraordinary Profit for FY 2012
May 31, 2011
Japan Radio Co.,
Ltd. announced that it has affirmed the consolidated mid-year guidance for
revenue of JPY 34,700 million, operating profit (loss) of JPY (3,600 million),
ordinary profit (loss) of JPY (3,700 million) and raised the guidance for net
profit (loss) from JPY (3,900 million) to JPY (3,000 million) and earning (loss)
per share from JPY (28.31) to JPY (21.78) for the fiscal year ending March 31,
2012. The Company has also affirmed the consolidated full-year guidance for
revenue of JPY 112,800 million, operating profit of JPY 3,000 million, ordinary
profit of JPY 2,900 million and raised the guidance for net profit from JPY
2,600 million to JPY 3,500 million and earning per share from JPY 18.87 to JPY
25.41 for the fiscal year ending March 31, 2012. The Company has decided to
sell 3,370,000 shares of its parent company, Nisshinbo Holdings Inc., for JPY
2,584,790,000, to the parent company itself on June 1, 2011. The Company
expects JPY 889 million extraordinary profit due to the sale of shares of
parent company for the fiscal year ending March 31, 2012.
Japan Radio Co., Ltd. Lowers Consolidated Full-year Outlook for FY Ended
March 2011 Apr 28, 2011
Japan Radio Co.,
Ltd. announced that it has lowered its consolidated full-year outlook for
revenue from JPY 110,500 million to JPY 107,700 million, operating profit from JPY
2,900 million to JPY 1,500 million, ordinary profit from JPY 2,200 million to
JPY 1,100 million, net profit from JPY 3,200 million to JPY 1,900 million and
earning per share from JPY 23.23 to JPY 13.79 for the fiscal year ended March
31, 2011. This is due to the decreased sale of solution and special machinery
businesses, telecommunication businesses, as well as radio businesses caused by
the earthquake. According to Reuters Estimates, analysts on average are
expecting the Company to report full-year revenue of JPY 107,479 million and
net profit of JPY 1,900 million.
Japan Radio Co.,
Ltd. Announces Officer Changes Mar 25, 2011
Japan Radio Co.,
Ltd. announced that it has appointed Yorihisa Suwa as the new Chairman of the
Board in the Company, and Takayoshi Tsuchida, who will replace Yorihisa Suwa,
as the new President of the Company, effective June 2011.
R&I Upgrades
Rating on Japan Radio Co., Ltd. from "BBB" to "BBB+";
Rating Outlook Stable Feb 03, 2011
Rating and
Investment Information, Inc. (R&I) announced that it has upgraded the
rating on Japan Radio Co., Ltd. from "BBB" to "BBB+". The
rating outlook is stable. R&I also has removed rating monitor from Japan
Radio Co., Ltd.
Japan Radio Co.,
Ltd. Establishes New Subsidiary in China Jan 24, 2011
Japan Radio Co.,
Ltd. announced that it has established a wholly owned subsidiary, which will be
engaged in sales of the Company's products and parts, as well as after service
in China, on January 6, 2011. The subsidiary is expected to start operation on
April 1, 2011.
Nisshinbo Holdings
Inc. Announces Outcome of Takeover Bid for Japan Radio Co., Ltd. Dec 22, 2010
Nisshinbo Holdings
Inc. announced that it has completed the takeover bid for shares of Japan Radio
Co., Ltd. Nisshinbo Holdings purchased 41,774,029 shares of Japan Radio's
common stock at the price of JPY 300 per share, during the period from November
9, 2010 to December 21, 2010. As a result, Japan Radio will become a
64.39%-owned subsidiary of Nisshinbo Holdings, and Nagano Japan Radio Co., Ltd.
will also become a subsidiary of Nisshinbo Holdings, effective December 29,
2010,
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
Revenue |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
Total Revenue |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,045.2 |
986.9 |
1,017.2 |
961.7 |
897.1 |
|
Cost of Revenue, Total |
1,045.2 |
986.9 |
1,017.2 |
961.7 |
897.1 |
|
Gross Profit |
211.7 |
209.6 |
205.5 |
191.6 |
186.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
65.3 |
60.5 |
72.0 |
52.5 |
52.8 |
|
Labor & Related Expense |
98.1 |
90.4 |
82.6 |
70.4 |
67.9 |
|
Total Selling/General/Administrative Expenses |
163.4 |
150.9 |
154.6 |
122.9 |
120.8 |
|
Research & Development |
30.1 |
26.4 |
35.7 |
36.2 |
30.9 |
|
Impairment-Assets Held for Use |
1.1 |
1.4 |
2.7 |
0.6 |
1.4 |
|
Impairment-Assets Held for Sale |
1.2 |
0.0 |
0.2 |
0.4 |
0.0 |
|
Other Unusual Expense (Income) |
5.4 |
2.6 |
1.9 |
-2.4 |
1.5 |
|
Unusual Expense (Income) |
7.8 |
4.0 |
4.8 |
-1.4 |
2.9 |
|
Total Operating Expense |
1,246.6 |
1,168.3 |
1,212.3 |
1,119.3 |
1,051.8 |
|
|
|
|
|
|
|
|
Operating Income |
10.3 |
28.3 |
10.5 |
34.0 |
31.3 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
-2.9 |
|
Interest Expense, Net Non-Operating |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
-2.9 |
|
Interest Income -
Non-Operating |
0.4 |
0.4 |
0.7 |
0.7 |
0.3 |
|
Investment Income -
Non-Operating |
20.1 |
5.2 |
0.8 |
0.8 |
5.6 |
|
Interest/Investment Income - Non-Operating |
20.4 |
5.7 |
1.5 |
1.6 |
5.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
15.5 |
0.8 |
-2.5 |
-1.7 |
3.0 |
|
Gain (Loss) on Sale of Assets |
- |
0.0 |
10.9 |
0.0 |
5.8 |
|
Other Non-Operating Income (Expense) |
0.2 |
0.1 |
0.2 |
0.1 |
0.5 |
|
Other, Net |
0.2 |
0.1 |
0.2 |
0.1 |
0.5 |
|
Income Before Tax |
26.0 |
29.2 |
19.1 |
32.5 |
40.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
3.2 |
4.1 |
4.6 |
2.9 |
3.3 |
|
Income After Tax |
22.8 |
25.1 |
14.5 |
29.5 |
37.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.1 |
0.3 |
0.0 |
-0.2 |
|
Net Income Before Extraord Items |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
Net Income |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Total Adjustments to Net Income |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Basic/Primary EPS Incl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Diluted EPS Incl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Dividends per Share - Common Stock Primary Issue |
0.06 |
0.03 |
0.03 |
0.04 |
0.04 |
|
Gross Dividends - Common Stock |
8.0 |
4.4 |
4.1 |
6.0 |
5.9 |
|
Interest Expense, Supplemental |
5.0 |
4.8 |
4.0 |
3.2 |
2.9 |
|
Depreciation, Supplemental |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Total Special Items |
7.8 |
4.0 |
-6.2 |
-1.4 |
-2.9 |
|
Normalized Income Before Tax |
33.9 |
33.2 |
12.9 |
31.1 |
37.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
1.0 |
0.6 |
-1.5 |
-0.1 |
-0.2 |
|
Inc Tax Ex Impact of Sp Items |
4.2 |
4.6 |
3.1 |
2.8 |
3.1 |
|
Normalized Income After Tax |
29.7 |
28.6 |
9.8 |
28.3 |
34.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
29.3 |
28.4 |
10.1 |
28.3 |
34.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
Diluted Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
- |
0.0 |
|
Research & Development Exp, Supplemental |
52.2 |
40.6 |
60.9 |
58.8 |
46.9 |
|
Reported Operating Profit |
18.1 |
32.3 |
28.5 |
35.3 |
36.9 |
|
Reported Ordinary Profit |
13.2 |
30.2 |
23.6 |
30.9 |
37.1 |
|
Normalized EBIT |
18.1 |
32.3 |
15.3 |
32.6 |
34.3 |
|
Normalized EBITDA |
34.6 |
49.3 |
32.9 |
48.6 |
48.5 |
|
Interest Cost - Domestic |
10.2 |
9.6 |
8.8 |
7.7 |
7.5 |
|
Service Cost - Domestic |
17.9 |
16.8 |
15.2 |
13.7 |
13.5 |
|
Prior Service Cost - Domestic |
-4.5 |
-3.6 |
-3.4 |
-3.0 |
-2.9 |
|
Expected Return on Assets - Domestic |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
-8.9 |
|
Actuarial Gains and Losses - Domestic |
17.3 |
15.5 |
10.6 |
5.8 |
5.8 |
|
Transition Costs - Domestic |
3.8 |
3.5 |
3.3 |
2.9 |
2.8 |
|
Other Pension, Net - Domestic |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Total Pension Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
10.2 |
9.6 |
8.8 |
7.7 |
7.5 |
|
Total Plan Service Cost |
17.9 |
16.8 |
15.2 |
13.7 |
13.5 |
|
Total Plan Expected Return |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
-8.9 |
|
Total Plan Other Expense |
- |
- |
- |
- |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
71.9 |
163.0 |
174.5 |
41.3 |
65.4 |
|
Short Term Investments |
213.1 |
33.9 |
1.7 |
38.8 |
0.0 |
|
Cash and Short Term Investments |
285.0 |
196.8 |
176.3 |
80.1 |
65.4 |
|
Accounts Receivable -
Trade, Gross |
554.8 |
519.9 |
509.8 |
518.7 |
432.8 |
|
Provision for Doubtful
Accounts |
-2.5 |
-2.4 |
-12.7 |
-2.1 |
-3.9 |
|
Trade Accounts Receivable - Net |
552.3 |
517.6 |
497.1 |
516.6 |
428.9 |
|
Total Receivables, Net |
552.3 |
517.6 |
497.1 |
516.6 |
428.9 |
|
Inventories - Finished Goods |
75.0 |
70.1 |
96.0 |
78.1 |
- |
|
Inventories - Work In Progress |
182.1 |
142.6 |
185.4 |
193.6 |
- |
|
Inventories - Raw Materials |
40.2 |
35.6 |
47.0 |
49.3 |
- |
|
Inventories - Other |
12.3 |
10.0 |
5.2 |
7.9 |
6.1 |
|
Total Inventory |
309.5 |
258.2 |
333.6 |
329.0 |
298.6 |
|
Deferred Income Tax - Current Asset |
3.8 |
3.1 |
3.4 |
3.4 |
2.9 |
|
Other Current Assets |
6.6 |
6.8 |
8.3 |
7.6 |
5.6 |
|
Other Current Assets, Total |
10.4 |
9.9 |
11.7 |
11.0 |
8.5 |
|
Total Current Assets |
1,157.3 |
982.5 |
1,018.7 |
936.7 |
801.4 |
|
|
|
|
|
|
|
|
Buildings |
314.9 |
273.2 |
258.1 |
262.6 |
220.0 |
|
Land/Improvements |
23.7 |
20.5 |
19.4 |
19.5 |
16.4 |
|
Machinery/Equipment |
314.9 |
280.4 |
285.0 |
287.2 |
243.4 |
|
Construction in
Progress |
0.4 |
0.0 |
0.0 |
0.0 |
0.6 |
|
Leases |
2.6 |
2.2 |
1.1 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
656.4 |
576.3 |
563.6 |
569.2 |
480.4 |
|
Accumulated Depreciation |
-542.7 |
-472.4 |
-457.3 |
-460.7 |
-384.0 |
|
Property/Plant/Equipment - Net |
113.7 |
103.9 |
106.3 |
108.5 |
96.3 |
|
Intangibles, Net |
8.3 |
6.2 |
7.0 |
9.6 |
7.2 |
|
LT Investments - Other |
101.5 |
117.4 |
99.4 |
129.6 |
141.6 |
|
Long Term Investments |
101.5 |
117.4 |
99.4 |
129.6 |
141.6 |
|
Note Receivable - Long Term |
0.2 |
0.2 |
0.3 |
0.2 |
0.3 |
|
Deferred Income Tax - Long Term Asset |
15.2 |
13.5 |
12.6 |
13.2 |
11.6 |
|
Other Long Term Assets |
35.0 |
32.1 |
25.1 |
22.8 |
6.0 |
|
Other Long Term Assets, Total |
50.2 |
45.6 |
37.7 |
36.0 |
17.6 |
|
Total Assets |
1,431.1 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
326.5 |
263.2 |
293.9 |
340.9 |
311.0 |
|
Accrued Expenses |
25.6 |
25.4 |
25.0 |
26.0 |
22.8 |
|
Notes Payable/Short Term Debt |
21.4 |
15.5 |
55.7 |
16.0 |
9.7 |
|
Current Portion - Long Term Debt/Capital Leases |
227.2 |
13.8 |
40.5 |
23.4 |
1.4 |
|
Customer Advances |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Security Deposits |
2.4 |
2.2 |
1.8 |
1.8 |
6.1 |
|
Income Taxes Payable |
3.1 |
3.2 |
3.1 |
3.3 |
2.8 |
|
Other Current Liabilities |
47.3 |
51.0 |
41.6 |
47.2 |
43.1 |
|
Other Current liabilities, Total |
79.8 |
77.2 |
63.7 |
66.4 |
68.0 |
|
Total Current Liabilities |
680.5 |
395.1 |
478.7 |
472.7 |
413.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
35.5 |
232.3 |
232.3 |
170.0 |
163.0 |
|
Capital Lease Obligations |
2.0 |
1.6 |
1.1 |
0.0 |
- |
|
Total Long Term Debt |
37.5 |
233.9 |
233.4 |
170.0 |
163.0 |
|
Total Debt |
286.0 |
263.3 |
329.6 |
209.4 |
174.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
8.7 |
15.5 |
10.6 |
24.3 |
33.5 |
|
Deferred Income Tax |
8.7 |
15.5 |
10.6 |
24.3 |
33.5 |
|
Minority Interest |
4.3 |
3.6 |
3.3 |
3.6 |
3.1 |
|
Reserves |
2.8 |
2.5 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
148.9 |
127.5 |
115.2 |
111.9 |
92.3 |
|
Other Long Term Liabilities |
12.0 |
6.5 |
8.3 |
8.6 |
0.5 |
|
Other Liabilities, Total |
163.7 |
136.6 |
123.4 |
120.5 |
92.8 |
|
Total Liabilities |
894.6 |
784.7 |
849.4 |
791.1 |
705.5 |
|
|
|
|
|
|
|
|
Common Stock |
177.4 |
157.4 |
148.9 |
147.7 |
124.5 |
|
Common Stock |
177.4 |
157.4 |
148.9 |
147.7 |
124.5 |
|
Additional Paid-In Capital |
199.1 |
176.6 |
167.1 |
165.8 |
139.8 |
|
Retained Earnings (Accumulated Deficit) |
147.8 |
114.9 |
89.4 |
80.7 |
45.3 |
|
Treasury Stock - Common |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
-0.4 |
|
Unrealized Gain (Loss) |
13.1 |
22.9 |
15.3 |
35.7 |
49.7 |
|
Translation Adjustment |
-0.1 |
0.0 |
-0.1 |
0.2 |
0.1 |
|
Other Equity, Total |
-0.1 |
0.0 |
-0.1 |
0.2 |
0.1 |
|
Total Equity |
536.4 |
471.1 |
420.0 |
429.6 |
359.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,431.0 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Treasury Shares - Common Stock Primary Issue |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Employees |
3,766 |
3,760 |
3,770 |
3,751 |
3,731 |
|
Number of Common Shareholders |
8,419 |
11,443 |
12,044 |
10,915 |
13,557 |
|
Deferred Revenue - Current |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Total Long Term Debt, Supplemental |
261.9 |
245.6 |
272.6 |
193.4 |
164.4 |
|
Long Term Debt Maturing within 1 Year |
226.4 |
13.3 |
40.2 |
23.4 |
1.4 |
|
Long Term Debt Maturing in Year 2 |
23.7 |
200.8 |
12.6 |
155.0 |
19.8 |
|
Long Term Debt Maturing in Year 3 |
11.8 |
21.0 |
190.0 |
12.1 |
130.7 |
|
Long Term Debt Maturing in Year 4 |
0.0 |
10.5 |
19.9 |
1.2 |
10.2 |
|
Long Term Debt Maturing in Year 5 |
0.0 |
0.0 |
9.9 |
1.7 |
1.0 |
|
Long Term Debt Maturing in 2-3 Years |
35.5 |
221.8 |
202.6 |
167.1 |
150.4 |
|
Long Term Debt Maturing in 4-5 Years |
0.0 |
10.5 |
29.8 |
2.9 |
11.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
1.4 |
|
Total Capital Leases, Supplemental |
2.7 |
2.2 |
46.5 |
5.0 |
- |
|
Capital Lease Payments Due in Year 1 |
0.8 |
0.5 |
40.8 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.8 |
0.5 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.7 |
0.5 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.3 |
0.4 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.2 |
0.1 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.4 |
1.0 |
0.6 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.5 |
0.5 |
0.4 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.1 |
4.8 |
5.0 |
- |
|
Pension Obligation - Domestic |
525.1 |
472.2 |
446.7 |
439.1 |
369.3 |
|
Plan Assets - Domestic |
293.0 |
264.8 |
218.8 |
257.9 |
244.5 |
|
Funded Status - Domestic |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Total Funded Status |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
|
Prepaid Benefits - Domestic |
29.3 |
27.2 |
20.6 |
16.2 |
- |
|
Accrued Liabilities - Domestic |
-146.8 |
-124.7 |
-113.0 |
-110.0 |
-88.8 |
|
Other Assets, Net - Domestic |
114.6 |
109.8 |
135.5 |
87.4 |
36.0 |
|
Net Assets Recognized on Balance Sheet |
-2.8 |
12.3 |
43.1 |
-6.4 |
-52.7 |
|
Total Plan Obligations |
525.1 |
472.2 |
446.7 |
439.1 |
369.3 |
|
Total Plan Assets |
293.0 |
264.8 |
218.8 |
257.9 |
244.5 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
26.0 |
29.1 |
19.0 |
32.4 |
40.6 |
|
Depreciation |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Depreciation/Depletion |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Amortization of Acquisition Costs |
- |
- |
- |
- |
0.0 |
|
Amortization |
- |
- |
- |
- |
0.0 |
|
Unusual Items |
-18.3 |
0.0 |
-14.9 |
0.3 |
-5.0 |
|
Equity in Net Earnings (Loss) |
-2.9 |
-2.2 |
-3.6 |
-2.5 |
-2.8 |
|
Other Non-Cash Items |
8.0 |
2.6 |
13.2 |
-11.7 |
-11.2 |
|
Non-Cash Items |
-13.1 |
0.4 |
-5.3 |
-13.8 |
-19.0 |
|
Accounts Receivable |
30.3 |
18.8 |
11.9 |
-6.0 |
4.3 |
|
Inventories |
-16.9 |
99.9 |
-4.9 |
22.5 |
-34.2 |
|
Accounts Payable |
28.9 |
-47.7 |
-48.6 |
-24.4 |
30.6 |
|
Other Operating Cash Flow |
-10.9 |
-6.3 |
-7.4 |
-8.8 |
16.6 |
|
Changes in Working Capital |
31.3 |
64.6 |
-49.1 |
-16.7 |
17.2 |
|
Cash from Operating Activities |
60.6 |
111.1 |
-17.7 |
17.9 |
53.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
-8.3 |
|
Capital Expenditures |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
-8.3 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
15.6 |
0.0 |
0.0 |
|
Sale/Maturity of Investment |
29.6 |
1.9 |
0.0 |
2.1 |
0.4 |
|
Investment, Net |
0.0 |
0.0 |
0.0 |
- |
- |
|
Purchase of Investments |
-1.5 |
-2.3 |
-3.7 |
-0.1 |
-0.8 |
|
Sale of Intangible Assets |
- |
- |
- |
0.0 |
5.8 |
|
Other Investing Cash Flow |
-1.5 |
-0.8 |
0.9 |
-3.4 |
-2.6 |
|
Other Investing Cash Flow Items, Total |
26.6 |
-1.2 |
12.7 |
-1.4 |
2.8 |
|
Cash from Investing Activities |
18.2 |
-11.2 |
1.3 |
-10.2 |
-5.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.7 |
-0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Financing Cash Flow Items |
-0.7 |
-0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Cash Dividends Paid - Common |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
0.0 |
|
Total Cash Dividends Paid |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
0.0 |
|
Short Term Debt, Net |
3.7 |
-43.6 |
38.9 |
3.8 |
-60.9 |
|
Long Term Debt Issued |
- |
0.0 |
99.7 |
0.0 |
120.6 |
|
Long Term Debt
Reduction |
-14.5 |
-42.7 |
-23.3 |
-1.4 |
-126.8 |
|
Long Term Debt, Net |
-14.5 |
-42.7 |
76.3 |
-1.4 |
-6.3 |
|
Issuance (Retirement) of Debt, Net |
-10.8 |
-86.3 |
115.2 |
2.4 |
-67.1 |
|
Cash from Financing Activities |
-16.2 |
-91.1 |
108.3 |
-3.6 |
-67.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.9 |
-0.4 |
-1.3 |
-1.0 |
0.0 |
|
Net Change in Cash |
60.7 |
8.5 |
90.5 |
3.1 |
-19.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
208.4 |
183.7 |
79.4 |
66.7 |
84.8 |
|
Net Cash - Ending Balance |
269.1 |
192.2 |
169.9 |
69.8 |
65.2 |
|
Cash Interest Paid |
5.0 |
4.9 |
4.1 |
3.5 |
2.2 |
|
Cash Taxes Paid |
4.1 |
3.9 |
4.0 |
1.8 |
3.2 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
Total Revenue |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,045.2 |
986.9 |
1,004.0 |
959.0 |
894.5 |
|
Res-Doubt.Acct.Allow |
0.1 |
0.5 |
11.2 |
0.0 |
0.7 |
|
Emp.& Direc. Salary |
86.0 |
79.2 |
72.8 |
64.9 |
61.8 |
|
Res-Accr.Retire Bft. |
11.6 |
10.6 |
9.3 |
4.9 |
5.0 |
|
Provision of reserve for directors' reti |
0.6 |
0.6 |
0.6 |
0.6 |
1.1 |
|
Research & Development expenses, SGA |
30.1 |
26.4 |
35.7 |
36.2 |
30.9 |
|
Other SG&A Cost |
65.2 |
60.1 |
60.8 |
52.5 |
52.1 |
|
SP Rev-Doubt.Acct.Allow |
-0.4 |
-0.2 |
-0.1 |
-2.2 |
-1.1 |
|
SP Other Special Gains |
-0.2 |
0.0 |
-1.0 |
-0.2 |
-0.1 |
|
SP Val.Loss-Invest.Sec |
1.2 |
0.0 |
0.1 |
0.2 |
0.0 |
|
SP Val.Loss-Inventory |
- |
0.0 |
13.3 |
0.0 |
0.0 |
|
SP Spec. prov. for doubtful acts |
- |
0.0 |
3.0 |
0.0 |
- |
|
SP Product Failure Provision |
- |
- |
- |
0.0 |
2.6 |
|
SP Return to Defence Agency |
- |
- |
- |
- |
0.0 |
|
SP Provi. for reserve for environmental |
0.0 |
2.5 |
0.0 |
- |
- |
|
SP Impairment Loss |
0.7 |
0.0 |
0.2 |
0.1 |
0.8 |
|
SP L-val. of golf membership |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
|
SP L-adjust. for changes of accts assets |
4.3 |
0.0 |
- |
- |
- |
|
SP Loss on disaster |
1.7 |
0.0 |
- |
- |
- |
|
SP Other Special loss |
0.0 |
0.3 |
0.0 |
0.0 |
0.1 |
|
NOP L-retire.Fixed Asset(Non-Op) |
0.4 |
1.3 |
2.6 |
0.5 |
0.6 |
|
NOP Val.Loss-Inventory |
- |
- |
0.0 |
2.7 |
2.7 |
|
Total Operating Expense |
1,246.6 |
1,168.3 |
1,212.3 |
1,119.3 |
1,051.8 |
|
|
|
|
|
|
|
|
SP Sale Gain-Fixed Asst |
- |
0.0 |
15.2 |
0.0 |
5.8 |
|
SP Sale Gain-Invest.Sec. |
22.9 |
1.8 |
0.0 |
0.0 |
0.0 |
|
SP Gain-Sale Affiliate Stock |
- |
- |
- |
- |
0.0 |
|
SP Disposal-Inventory |
- |
0.0 |
-4.3 |
0.0 |
0.0 |
|
SP Sale Loss-Invest. Sec. |
-2.7 |
-0.1 |
0.0 |
-0.3 |
0.0 |
|
SP Loss-Affiliate Sold |
- |
- |
- |
- |
0.0 |
|
NOP Interest Income |
0.4 |
0.4 |
0.7 |
0.7 |
0.3 |
|
NOP Dividend Income |
2.1 |
1.8 |
2.0 |
2.1 |
1.3 |
|
NOP Exchange Gain |
- |
- |
- |
0.0 |
1.5 |
|
NOP Equity in earnings of affiliates |
2.9 |
2.2 |
3.6 |
2.5 |
2.8 |
|
NOP Patent Income |
0.1 |
0.2 |
0.3 |
0.3 |
1.1 |
|
NOP Other non-operating income |
0.8 |
0.6 |
0.6 |
0.7 |
0.9 |
|
NOP Interest expenses |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
-2.9 |
|
NOP Exchange Loss |
-5.1 |
-0.4 |
-4.8 |
-3.5 |
0.0 |
|
NOP Loss-Equity Method |
- |
- |
- |
- |
0.0 |
|
NOP Other Non-op.Expense |
-0.7 |
-0.7 |
-0.7 |
-0.9 |
-1.5 |
|
Net Income Before Taxes |
26.0 |
29.2 |
19.1 |
32.5 |
40.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3.2 |
4.1 |
4.6 |
2.9 |
3.3 |
|
Net Income After Taxes |
22.8 |
25.1 |
14.5 |
29.5 |
37.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.1 |
0.3 |
0.0 |
-0.2 |
|
Net Income Before Extra. Items |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
Net Income |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
|
|
|
|
|
|
|
Rounding Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Directors' Bonus |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Basic EPS Including ExtraOrdinary Item |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excluding ExtraOrd Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Diluted EPS Including ExtraOrd Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
DPS-Common Stock |
0.06 |
0.03 |
0.03 |
0.04 |
0.04 |
|
Gross Dividends - Common Stock |
8.0 |
4.4 |
4.1 |
6.0 |
5.9 |
|
Normalized Income Before Taxes |
33.9 |
33.2 |
12.9 |
31.1 |
37.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.2 |
4.6 |
3.1 |
2.8 |
3.1 |
|
Normalized Income After Taxes |
29.7 |
28.6 |
9.8 |
28.3 |
34.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
29.3 |
28.4 |
10.1 |
28.3 |
34.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
Diluted Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
R&D expense, supplemental |
30.1 |
26.4 |
35.7 |
36.2 |
30.9 |
|
R & D Expenses (COGS) |
22.1 |
14.2 |
25.2 |
22.6 |
15.9 |
|
Interest expense, supplemental |
5.0 |
4.8 |
4.0 |
3.2 |
2.9 |
|
Amort of Acquisition Costs |
- |
- |
- |
- |
0.0 |
|
Depreciation, supplemental |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Reported Operating Profit |
18.1 |
32.3 |
28.5 |
35.3 |
36.9 |
|
Reported Ordinary Profit |
13.2 |
30.2 |
23.6 |
30.9 |
37.1 |
|
Service Cost |
17.9 |
16.8 |
15.2 |
13.7 |
13.5 |
|
Interest Cost |
10.2 |
9.6 |
8.8 |
7.7 |
7.5 |
|
Expected Return on Plan Assets |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
-8.9 |
|
Prior Service Cost |
-4.5 |
-3.6 |
-3.4 |
-3.0 |
-2.9 |
|
Actuarial Gains & Losses |
17.3 |
15.5 |
10.6 |
5.8 |
5.8 |
|
Expenses due to Acct. Change |
3.8 |
3.5 |
3.3 |
2.9 |
2.8 |
|
Additional Expenses |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Total Pension Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Deposit |
71.9 |
163.0 |
174.5 |
41.3 |
65.4 |
|
Note&Acct.Rcvbl. |
554.8 |
519.9 |
509.8 |
518.7 |
432.8 |
|
Marketable Sec. |
213.1 |
33.9 |
1.7 |
38.8 |
0.0 |
|
Inventories |
- |
- |
- |
- |
292.5 |
|
Inventories - merchandise&finished goods |
75.0 |
70.1 |
96.0 |
78.1 |
- |
|
Inventories - work-in-process |
182.1 |
142.6 |
185.4 |
193.6 |
- |
|
Inventories - raw materials&supplies |
40.2 |
35.6 |
47.0 |
49.3 |
- |
|
Advance Payment |
12.3 |
10.0 |
5.2 |
7.9 |
6.1 |
|
Dfrd. Tax Asset |
3.8 |
3.1 |
3.4 |
3.4 |
2.9 |
|
Other Curr.Asset |
6.6 |
6.8 |
8.3 |
7.6 |
5.6 |
|
Doubtful Account |
-2.5 |
-2.4 |
-12.7 |
-2.1 |
-3.9 |
|
Total Current Assets |
1,157.3 |
982.5 |
1,018.7 |
936.7 |
801.4 |
|
|
|
|
|
|
|
|
Bldg.&Structure |
314.9 |
273.2 |
258.1 |
262.6 |
220.0 |
|
Accum. depr - bldg&struc |
-249.0 |
-213.0 |
-197.7 |
-199.5 |
- |
|
Machinery&Equip |
111.4 |
99.9 |
99.4 |
100.3 |
85.6 |
|
Accum. depr - machin&vehicles |
-101.5 |
-89.8 |
-87.7 |
-88.4 |
- |
|
Tool and Fixture |
203.5 |
180.6 |
185.6 |
186.9 |
157.8 |
|
Accum. depr - tools, furn, fixtur |
-191.2 |
-169.1 |
-171.8 |
-172.8 |
- |
|
Land |
23.7 |
20.5 |
19.4 |
19.5 |
16.4 |
|
Lease |
2.6 |
2.2 |
1.1 |
0.0 |
- |
|
Depre.- Lease |
-1.0 |
-0.4 |
-0.1 |
0.0 |
- |
|
Construction |
0.4 |
0.0 |
0.0 |
0.0 |
0.6 |
|
Depreciation |
- |
- |
- |
- |
-384.0 |
|
Intangible Asset |
8.3 |
6.2 |
7.0 |
9.6 |
7.2 |
|
Investment Sec. |
101.5 |
117.4 |
99.4 |
129.6 |
141.6 |
|
LT Loan |
0.2 |
0.2 |
0.3 |
0.2 |
0.3 |
|
Dfrd. Tax Asset |
15.2 |
13.5 |
12.6 |
13.2 |
11.6 |
|
Other Assets |
54.0 |
49.4 |
31.2 |
26.1 |
10.0 |
|
Doubtful Account |
-19.0 |
-17.2 |
-6.1 |
-3.3 |
-4.0 |
|
Adjustment |
- |
0.0 |
- |
- |
- |
|
Total Assets |
1,431.1 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
Note&Acct. Pybl. |
326.5 |
263.2 |
293.9 |
340.9 |
311.0 |
|
ST Borrowing |
21.4 |
15.5 |
15.2 |
16.0 |
9.7 |
|
Cur.Port-LT Debt |
226.4 |
13.3 |
40.2 |
23.4 |
1.4 |
|
Curr.-Corp.Bond |
- |
- |
- |
- |
0.0 |
|
Commercial Paper |
- |
0.0 |
40.5 |
0.0 |
0.0 |
|
Accrued Expense |
25.6 |
25.4 |
25.0 |
26.0 |
22.8 |
|
Lease |
0.8 |
0.5 |
0.3 |
0.0 |
- |
|
Income Tax Pybl. |
3.1 |
3.2 |
3.1 |
3.3 |
2.8 |
|
Advance Received |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Customer Deposit |
2.4 |
2.2 |
1.8 |
1.8 |
6.1 |
|
Provision for loss on disaster |
1.2 |
0.0 |
- |
- |
- |
|
Res-Prod.Wrrty. |
1.5 |
5.8 |
1.6 |
4.0 |
7.3 |
|
Res-Prod.Return |
- |
- |
- |
- |
0.0 |
|
Other Curr.Liab. |
44.6 |
45.2 |
40.0 |
43.2 |
35.8 |
|
Total Current Liabilities |
680.5 |
395.1 |
478.7 |
472.7 |
413.0 |
|
|
|
|
|
|
|
|
Corporate Bond |
- |
- |
- |
- |
0.0 |
|
LT Borrowing |
35.5 |
232.3 |
232.3 |
170.0 |
163.0 |
|
Lease |
2.0 |
1.6 |
1.1 |
0.0 |
- |
|
Total Long Term Debt |
37.5 |
233.9 |
233.4 |
170.0 |
163.0 |
|
|
|
|
|
|
|
|
Dfrd. Tax Liab. |
8.7 |
15.5 |
10.6 |
24.3 |
33.5 |
|
Res-Accr.Retire |
146.8 |
124.7 |
113.0 |
110.0 |
88.8 |
|
Res-Direc.Retire |
2.1 |
2.8 |
2.2 |
1.9 |
3.6 |
|
Other Liability |
7.7 |
6.5 |
8.2 |
8.5 |
0.5 |
|
Minor. Interest |
4.3 |
3.6 |
3.3 |
3.6 |
3.1 |
|
Adjustment |
- |
- |
0.1 |
0.1 |
- |
|
Asset retirement obligations |
4.2 |
0.0 |
- |
- |
- |
|
Reserve for environmental measures |
2.8 |
2.5 |
0.0 |
- |
- |
|
Total Liabilities |
894.6 |
784.7 |
849.4 |
791.1 |
705.5 |
|
|
|
|
|
|
|
|
Common Stock |
177.4 |
157.4 |
148.9 |
147.7 |
124.5 |
|
Paid In Capital |
199.1 |
176.6 |
167.1 |
165.8 |
139.8 |
|
Retained Earning |
147.8 |
114.9 |
89.4 |
80.7 |
45.3 |
|
Treasury Stock |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
-0.4 |
|
Unreal.Gain-Sec |
13.1 |
22.9 |
15.3 |
35.7 |
49.7 |
|
Foreign currency translation adjustment |
-0.1 |
0.0 |
-0.1 |
0.2 |
0.1 |
|
Total Equity |
536.4 |
471.1 |
420.0 |
429.6 |
359.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,431.0 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
T/S-Common Stock |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Deferred Revenue - Current |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Full-Time Employees |
3,766 |
3,760 |
3,770 |
3,751 |
3,731 |
|
Number of Common Shareholders |
8,419 |
11,443 |
12,044 |
10,915 |
13,557 |
|
LT Debt, mat. within 1 yr. |
226.4 |
13.3 |
40.2 |
23.4 |
1.4 |
|
LT Debt, mat. by 2 yr. |
23.7 |
200.8 |
12.6 |
155.0 |
19.8 |
|
LT Debt, mat. by 3 yr. |
11.8 |
21.0 |
190.0 |
12.1 |
130.7 |
|
LT Debt, mat. by 4 yr. |
0.0 |
10.5 |
19.9 |
1.2 |
10.2 |
|
LT Debt, mat. by 5 yr. |
0.0 |
0.0 |
9.9 |
1.7 |
1.0 |
|
LT Debt, mat. over 5 yr. |
0.0 |
- |
- |
- |
1.4 |
|
Total Long Term Debt, Supplemental |
261.9 |
245.6 |
272.6 |
193.4 |
164.4 |
|
Capital lease payment due in 1 year |
0.8 |
0.5 |
40.8 |
- |
- |
|
Capital lease payment due in 2 years |
0.8 |
0.5 |
0.3 |
- |
- |
|
Capital lease payment due in 3 years |
0.7 |
0.5 |
0.3 |
- |
- |
|
Capital lease payment due in 4 years |
0.3 |
0.4 |
0.3 |
- |
- |
|
Capital lease payment due in 5 years |
0.2 |
0.1 |
0.2 |
- |
- |
|
Capital lease Remaining |
0.0 |
0.1 |
4.8 |
5.0 |
- |
|
Total Capital Leases |
2.7 |
2.2 |
46.5 |
5.0 |
- |
|
Pension Obligation |
525.1 |
472.2 |
446.7 |
439.1 |
369.3 |
|
Fair Value of Plan Assets |
293.0 |
264.8 |
218.8 |
257.9 |
244.5 |
|
Funded Status |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Total Funded Status |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Return on Plan Assets |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
|
Difference due to Acct. Changes |
15.9 |
17.6 |
20.0 |
23.1 |
22.3 |
|
Unrecognized Actuarial Gains & Loss |
125.7 |
120.2 |
145.9 |
97.8 |
44.9 |
|
Unrecognized Prior Service Cost |
-26.9 |
-28.0 |
-30.3 |
-33.5 |
-31.1 |
|
Prepaid Pension Benefits |
29.3 |
27.2 |
20.6 |
16.2 |
- |
|
Accrued Pension Benefits |
-146.8 |
-124.7 |
-113.0 |
-110.0 |
-88.8 |
|
Net Assets Recognized on Balance Sheet |
-2.8 |
12.3 |
43.1 |
-6.4 |
-52.7 |
|
|
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Income Before Tax |
26.0 |
29.1 |
19.0 |
32.4 |
40.6 |
|
Depreciation |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Impairment |
0.7 |
0.0 |
0.2 |
0.1 |
0.8 |
|
Amort-Consoli.Adjust |
- |
- |
- |
- |
0.0 |
|
Res-Doubt.Acct.Allow |
-0.6 |
0.1 |
14.0 |
-2.1 |
-0.9 |
|
Res-Accr.Retire Bft. |
6.1 |
0.0 |
-2.0 |
-9.9 |
-11.6 |
|
Int. and Div. Income |
-2.5 |
-2.2 |
-2.8 |
-2.9 |
-1.5 |
|
Interes Expense |
5.0 |
4.8 |
4.0 |
3.2 |
2.9 |
|
Equity in Affiliate |
-2.9 |
-2.2 |
-3.6 |
-2.5 |
-2.8 |
|
Sale Gain-Fixed Asst |
0.0 |
0.0 |
-15.2 |
0.0 |
-5.8 |
|
Gain-Sale Affiliates' Stock |
- |
- |
- |
- |
0.0 |
|
Affil Equity Sold |
- |
- |
- |
- |
0.0 |
|
Sale Gain-Invest.Sec |
-20.2 |
0.0 |
- |
0.0 |
0.0 |
|
Val.Loss-Invest.Sec |
1.2 |
0.0 |
0.1 |
0.2 |
0.0 |
|
Val . Loss Inventory |
- |
- |
- |
- |
0.0 |
|
Return to Defence Agency |
- |
- |
- |
- |
0.0 |
|
Account Receivable |
30.3 |
18.8 |
11.9 |
-6.0 |
4.3 |
|
Inventories |
-16.9 |
99.9 |
-4.9 |
22.5 |
-34.2 |
|
Account Payable |
28.9 |
-47.7 |
-48.6 |
-24.4 |
30.6 |
|
Other Opera.Activity |
-4.6 |
0.0 |
-2.3 |
-6.4 |
20.4 |
|
Int. and Div. Rcvd. |
2.8 |
2.5 |
3.0 |
2.9 |
1.6 |
|
Interest expenses paid |
-5.0 |
-4.9 |
-4.1 |
-3.5 |
-2.2 |
|
Return to Defence Agency Paid |
- |
- |
- |
- |
0.0 |
|
Income taxes paid, cash basis |
-4.1 |
-3.9 |
-4.0 |
-1.8 |
-3.2 |
|
Adjustment |
- |
- |
0.0 |
0.0 |
- |
|
Cash from Operating Activities |
60.6 |
111.1 |
-17.7 |
17.9 |
53.1 |
|
|
|
|
|
|
|
|
Time Deposit Made |
-1.3 |
-2.2 |
-1.7 |
0.0 |
-0.4 |
|
Time Deposit Matured |
0.9 |
0.0 |
0.0 |
0.9 |
0.4 |
|
Purch-Marketable Sec |
- |
0.0 |
-1.6 |
0.0 |
- |
|
Marketable securities, net |
0.0 |
0.0 |
0.0 |
- |
- |
|
Capial Expenditure |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
-8.3 |
|
Sale-Fixed Asset |
0.0 |
0.0 |
15.6 |
0.0 |
0.0 |
|
Sale of Intangibles |
- |
- |
- |
0.0 |
5.8 |
|
Purch-Investment Sec |
-0.2 |
-0.1 |
-0.4 |
-0.1 |
-0.4 |
|
Proceeds from sales of investment securi |
28.7 |
1.9 |
0.0 |
1.2 |
0.0 |
|
Sale-Sub's.Equity |
- |
- |
- |
- |
0.0 |
|
Other Inv. Activity |
-1.5 |
-0.8 |
0.9 |
-3.4 |
-2.6 |
|
Cash from Investing Activities |
18.2 |
-11.2 |
1.3 |
-10.2 |
-5.5 |
|
|
|
|
|
|
|
|
ST Debt, Net |
3.7 |
-0.5 |
-0.9 |
3.8 |
-1.0 |
|
Commercial Paper,Net |
0.0 |
-43.0 |
39.8 |
0.0 |
-59.9 |
|
Issued-LT Debt |
- |
0.0 |
99.7 |
0.0 |
120.6 |
|
Repaid-LT Debt |
-14.5 |
-42.7 |
-23.3 |
-1.4 |
-53.3 |
|
Redemp-Corp.Bond |
- |
- |
- |
0.0 |
-73.5 |
|
Paid In by Minority |
- |
- |
- |
- |
0.0 |
|
Dividend Paid |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
0.0 |
|
Div.Paid to Minority |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other financing activities |
-0.6 |
-0.3 |
0.0 |
-0.1 |
0.0 |
|
Cash from Financing Activities |
-16.2 |
-91.1 |
108.3 |
-3.6 |
-67.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.9 |
-0.4 |
-1.3 |
-1.0 |
0.0 |
|
Net Change in Cash |
60.7 |
8.5 |
90.5 |
3.1 |
-19.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
208.4 |
183.7 |
79.4 |
66.7 |
84.8 |
|
Net Cash - Ending Balance |
269.1 |
192.2 |
169.9 |
69.8 |
65.2 |
|
Cash Interest Paid |
5.0 |
4.9 |
4.1 |
3.5 |
2.2 |
|
Cash Taxes Paid |
4.1 |
3.9 |
4.0 |
1.8 |
3.2 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
Revenue |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
Total Revenue |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,045.2 |
986.9 |
1,017.2 |
961.7 |
897.1 |
|
Cost of Revenue, Total |
1,045.2 |
986.9 |
1,017.2 |
961.7 |
897.1 |
|
Gross Profit |
211.7 |
209.6 |
205.5 |
191.6 |
186.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
65.3 |
60.5 |
72.0 |
52.5 |
52.8 |
|
Labor & Related Expense |
98.1 |
90.4 |
82.6 |
70.4 |
67.9 |
|
Total Selling/General/Administrative Expenses |
163.4 |
150.9 |
154.6 |
122.9 |
120.8 |
|
Research & Development |
30.1 |
26.4 |
35.7 |
36.2 |
30.9 |
|
Impairment-Assets Held for Use |
1.1 |
1.4 |
2.7 |
0.6 |
1.4 |
|
Impairment-Assets Held for Sale |
1.2 |
0.0 |
0.2 |
0.4 |
0.0 |
|
Other Unusual Expense (Income) |
5.4 |
2.6 |
1.9 |
-2.4 |
1.5 |
|
Unusual Expense (Income) |
7.8 |
4.0 |
4.8 |
-1.4 |
2.9 |
|
Total Operating Expense |
1,246.6 |
1,168.3 |
1,212.3 |
1,119.3 |
1,051.8 |
|
|
|
|
|
|
|
|
Operating Income |
10.3 |
28.3 |
10.5 |
34.0 |
31.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
-2.9 |
|
Interest Expense, Net Non-Operating |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
-2.9 |
|
Interest Income -
Non-Operating |
0.4 |
0.4 |
0.7 |
0.7 |
0.3 |
|
Investment Income -
Non-Operating |
20.1 |
5.2 |
0.8 |
0.8 |
5.6 |
|
Interest/Investment Income - Non-Operating |
20.4 |
5.7 |
1.5 |
1.6 |
5.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
15.5 |
0.8 |
-2.5 |
-1.7 |
3.0 |
|
Gain (Loss) on Sale of Assets |
- |
0.0 |
10.9 |
0.0 |
5.8 |
|
Other Non-Operating Income (Expense) |
0.2 |
0.1 |
0.2 |
0.1 |
0.5 |
|
Other, Net |
0.2 |
0.1 |
0.2 |
0.1 |
0.5 |
|
Income Before Tax |
26.0 |
29.2 |
19.1 |
32.5 |
40.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
3.2 |
4.1 |
4.6 |
2.9 |
3.3 |
|
Income After Tax |
22.8 |
25.1 |
14.5 |
29.5 |
37.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.1 |
0.3 |
0.0 |
-0.2 |
|
Net Income Before Extraord Items |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
Net Income |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Total Adjustments to Net Income |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Basic/Primary EPS Incl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Diluted EPS Incl Extraord Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Dividends per Share - Common Stock Primary Issue |
0.06 |
0.03 |
0.03 |
0.04 |
0.04 |
|
Gross Dividends - Common Stock |
8.0 |
4.4 |
4.1 |
6.0 |
5.9 |
|
Interest Expense, Supplemental |
5.0 |
4.8 |
4.0 |
3.2 |
2.9 |
|
Depreciation, Supplemental |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Total Special Items |
7.8 |
4.0 |
-6.2 |
-1.4 |
-2.9 |
|
Normalized Income Before Tax |
33.9 |
33.2 |
12.9 |
31.1 |
37.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
1.0 |
0.6 |
-1.5 |
-0.1 |
-0.2 |
|
Inc Tax Ex Impact of Sp Items |
4.2 |
4.6 |
3.1 |
2.8 |
3.1 |
|
Normalized Income After Tax |
29.7 |
28.6 |
9.8 |
28.3 |
34.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
29.3 |
28.4 |
10.1 |
28.3 |
34.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
Diluted Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
- |
0.0 |
|
Research & Development Exp, Supplemental |
52.2 |
40.6 |
60.9 |
58.8 |
46.9 |
|
Reported Operating Profit |
18.1 |
32.3 |
28.5 |
35.3 |
36.9 |
|
Reported Ordinary Profit |
13.2 |
30.2 |
23.6 |
30.9 |
37.1 |
|
Normalized EBIT |
18.1 |
32.3 |
15.3 |
32.6 |
34.3 |
|
Normalized EBITDA |
34.6 |
49.3 |
32.9 |
48.6 |
48.5 |
|
Interest Cost - Domestic |
10.2 |
9.6 |
8.8 |
7.7 |
7.5 |
|
Service Cost - Domestic |
17.9 |
16.8 |
15.2 |
13.7 |
13.5 |
|
Prior Service Cost - Domestic |
-4.5 |
-3.6 |
-3.4 |
-3.0 |
-2.9 |
|
Expected Return on Assets - Domestic |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
-8.9 |
|
Actuarial Gains and Losses - Domestic |
17.3 |
15.5 |
10.6 |
5.8 |
5.8 |
|
Transition Costs - Domestic |
3.8 |
3.5 |
3.3 |
2.9 |
2.8 |
|
Other Pension, Net - Domestic |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Total Pension Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
10.2 |
9.6 |
8.8 |
7.7 |
7.5 |
|
Total Plan Service Cost |
17.9 |
16.8 |
15.2 |
13.7 |
13.5 |
|
Total Plan Expected Return |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
-8.9 |
|
Total Plan Other Expense |
- |
- |
- |
- |
0.0 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net Sales |
192.6 |
602.4 |
251.8 |
244.3 |
178.1 |
|
Revenue |
192.6 |
602.4 |
251.8 |
244.3 |
178.1 |
|
Total Revenue |
192.6 |
602.4 |
251.8 |
244.3 |
178.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
166.3 |
493.9 |
215.5 |
205.3 |
147.0 |
|
Cost of Revenue, Total |
166.3 |
493.9 |
215.5 |
205.3 |
147.0 |
|
Gross Profit |
26.2 |
108.5 |
36.3 |
39.0 |
31.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
47.6 |
16.9 |
16.3 |
17.5 |
14.8 |
|
Labor & Related Expense |
- |
25.1 |
25.8 |
24.2 |
23.1 |
|
Total Selling/General/Administrative Expenses |
47.6 |
42.0 |
42.2 |
41.7 |
37.8 |
|
Research & Development |
- |
11.7 |
8.1 |
6.0 |
4.7 |
|
Impairment-Assets Held for Use |
- |
0.7 |
0.0 |
0.0 |
- |
|
Impairment-Assets Held for Sale |
0.2 |
0.8 |
0.0 |
0.4 |
0.2 |
|
Other Unusual Expense (Income) |
0.0 |
4.8 |
0.0 |
0.0 |
3.2 |
|
Unusual Expense (Income) |
0.2 |
6.3 |
0.0 |
0.4 |
3.4 |
|
Total Operating Expense |
214.2 |
553.8 |
265.7 |
253.5 |
193.0 |
|
|
|
|
|
|
|
|
Operating Income |
-21.6 |
48.5 |
-13.9 |
-9.1 |
-14.9 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.2 |
-1.3 |
-1.3 |
-1.3 |
-1.1 |
|
Interest Expense, Net Non-Operating |
-1.2 |
-1.3 |
-1.3 |
-1.3 |
-1.1 |
|
Interest Income -
Non-Operating |
0.3 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Investment Income -
Non-Operating |
10.8 |
5.5 |
22.7 |
0.2 |
-4.2 |
|
Interest/Investment Income - Non-Operating |
11.1 |
5.6 |
22.7 |
0.3 |
-4.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
9.9 |
4.4 |
21.4 |
-0.9 |
-5.3 |
|
Other Non-Operating Income (Expense) |
0.0 |
-0.3 |
-0.1 |
-0.3 |
0.5 |
|
Other, Net |
0.0 |
-0.3 |
-0.1 |
-0.3 |
0.5 |
|
Income Before Tax |
-11.8 |
52.7 |
7.4 |
-10.4 |
-19.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
1.0 |
1.6 |
0.4 |
-0.1 |
1.3 |
|
Income After Tax |
-12.8 |
51.1 |
7.0 |
-10.3 |
-21.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Net Income Before Extraord Items |
-12.9 |
51.0 |
6.9 |
-10.3 |
-21.2 |
|
Net Income |
-12.9 |
51.0 |
6.9 |
-10.3 |
-21.2 |
|
|
|
|
|
|
|
|
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 |
-12.9 |
50.9 |
6.9 |
-10.3 |
-21.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-12.9 |
50.9 |
6.9 |
-10.3 |
-21.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excl Extraord Items |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
Basic/Primary EPS Incl Extraord Items |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-12.9 |
50.9 |
6.9 |
-10.3 |
-21.2 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excl Extraord Items |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
Diluted EPS Incl Extraord Items |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.06 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
8.4 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
1.2 |
1.3 |
1.3 |
1.3 |
1.1 |
|
Depreciation, Supplemental |
3.5 |
5.7 |
4.1 |
3.6 |
3.2 |
|
Total Special Items |
0.2 |
6.3 |
0.0 |
0.4 |
3.4 |
|
Normalized Income Before Tax |
-11.6 |
58.9 |
7.4 |
-10.0 |
-16.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.1 |
0.2 |
0.0 |
0.2 |
1.2 |
|
Inc Tax Ex Impact of Sp Items |
1.1 |
1.7 |
0.4 |
0.0 |
2.5 |
|
Normalized Income After Tax |
-12.6 |
57.2 |
7.0 |
-10.0 |
-18.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-12.7 |
57.0 |
6.9 |
-10.0 |
-19.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.09 |
0.41 |
0.05 |
-0.07 |
-0.14 |
|
Diluted Normalized EPS |
-0.09 |
0.41 |
0.05 |
-0.07 |
-0.14 |
|
Research & Development Exp, Supplemental |
- |
11.7 |
8.1 |
6.0 |
4.7 |
|
Reported Operating Profit |
-21.4 |
54.8 |
-13.9 |
-8.7 |
-11.5 |
|
Reported Ordinary Profit |
-22.4 |
58.9 |
-16.4 |
-10.0 |
-16.3 |
|
Normalized EBIT |
-21.4 |
54.8 |
-13.9 |
-8.7 |
-11.5 |
|
Normalized EBITDA |
-17.8 |
60.5 |
-9.8 |
-5.1 |
-8.3 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
71.9 |
163.0 |
174.5 |
41.3 |
65.4 |
|
Short Term Investments |
213.1 |
33.9 |
1.7 |
38.8 |
0.0 |
|
Cash and Short Term Investments |
285.0 |
196.8 |
176.3 |
80.1 |
65.4 |
|
Accounts Receivable -
Trade, Gross |
554.8 |
519.9 |
509.8 |
518.7 |
432.8 |
|
Provision for Doubtful
Accounts |
-2.5 |
-2.4 |
-12.7 |
-2.1 |
-3.9 |
|
Trade Accounts Receivable - Net |
552.3 |
517.6 |
497.1 |
516.6 |
428.9 |
|
Total Receivables, Net |
552.3 |
517.6 |
497.1 |
516.6 |
428.9 |
|
Inventories - Finished Goods |
75.0 |
70.1 |
96.0 |
78.1 |
- |
|
Inventories - Work In Progress |
182.1 |
142.6 |
185.4 |
193.6 |
- |
|
Inventories - Raw Materials |
40.2 |
35.6 |
47.0 |
49.3 |
- |
|
Inventories - Other |
12.3 |
10.0 |
5.2 |
7.9 |
6.1 |
|
Total Inventory |
309.5 |
258.2 |
333.6 |
329.0 |
298.6 |
|
Deferred Income Tax - Current Asset |
3.8 |
3.1 |
3.4 |
3.4 |
2.9 |
|
Other Current Assets |
6.6 |
6.8 |
8.3 |
7.6 |
5.6 |
|
Other Current Assets, Total |
10.4 |
9.9 |
11.7 |
11.0 |
8.5 |
|
Total Current Assets |
1,157.3 |
982.5 |
1,018.7 |
936.7 |
801.4 |
|
|
|
|
|
|
|
|
Buildings |
314.9 |
273.2 |
258.1 |
262.6 |
220.0 |
|
Land/Improvements |
23.7 |
20.5 |
19.4 |
19.5 |
16.4 |
|
Machinery/Equipment |
314.9 |
280.4 |
285.0 |
287.2 |
243.4 |
|
Construction in
Progress |
0.4 |
0.0 |
0.0 |
0.0 |
0.6 |
|
Leases |
2.6 |
2.2 |
1.1 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
656.4 |
576.3 |
563.6 |
569.2 |
480.4 |
|
Accumulated Depreciation |
-542.7 |
-472.4 |
-457.3 |
-460.7 |
-384.0 |
|
Property/Plant/Equipment - Net |
113.7 |
103.9 |
106.3 |
108.5 |
96.3 |
|
Intangibles, Net |
8.3 |
6.2 |
7.0 |
9.6 |
7.2 |
|
LT Investments - Other |
101.5 |
117.4 |
99.4 |
129.6 |
141.6 |
|
Long Term Investments |
101.5 |
117.4 |
99.4 |
129.6 |
141.6 |
|
Note Receivable - Long Term |
0.2 |
0.2 |
0.3 |
0.2 |
0.3 |
|
Deferred Income Tax - Long Term Asset |
15.2 |
13.5 |
12.6 |
13.2 |
11.6 |
|
Other Long Term Assets |
35.0 |
32.1 |
25.1 |
22.8 |
6.0 |
|
Other Long Term Assets, Total |
50.2 |
45.6 |
37.7 |
36.0 |
17.6 |
|
Total Assets |
1,431.1 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
326.5 |
263.2 |
293.9 |
340.9 |
311.0 |
|
Accrued Expenses |
25.6 |
25.4 |
25.0 |
26.0 |
22.8 |
|
Notes Payable/Short Term Debt |
21.4 |
15.5 |
55.7 |
16.0 |
9.7 |
|
Current Portion - Long Term Debt/Capital Leases |
227.2 |
13.8 |
40.5 |
23.4 |
1.4 |
|
Customer Advances |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Security Deposits |
2.4 |
2.2 |
1.8 |
1.8 |
6.1 |
|
Income Taxes Payable |
3.1 |
3.2 |
3.1 |
3.3 |
2.8 |
|
Other Current Liabilities |
47.3 |
51.0 |
41.6 |
47.2 |
43.1 |
|
Other Current liabilities, Total |
79.8 |
77.2 |
63.7 |
66.4 |
68.0 |
|
Total Current Liabilities |
680.5 |
395.1 |
478.7 |
472.7 |
413.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
35.5 |
232.3 |
232.3 |
170.0 |
163.0 |
|
Capital Lease Obligations |
2.0 |
1.6 |
1.1 |
0.0 |
- |
|
Total Long Term Debt |
37.5 |
233.9 |
233.4 |
170.0 |
163.0 |
|
Total Debt |
286.0 |
263.3 |
329.6 |
209.4 |
174.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
8.7 |
15.5 |
10.6 |
24.3 |
33.5 |
|
Deferred Income Tax |
8.7 |
15.5 |
10.6 |
24.3 |
33.5 |
|
Minority Interest |
4.3 |
3.6 |
3.3 |
3.6 |
3.1 |
|
Reserves |
2.8 |
2.5 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
148.9 |
127.5 |
115.2 |
111.9 |
92.3 |
|
Other Long Term Liabilities |
12.0 |
6.5 |
8.3 |
8.6 |
0.5 |
|
Other Liabilities, Total |
163.7 |
136.6 |
123.4 |
120.5 |
92.8 |
|
Total Liabilities |
894.6 |
784.7 |
849.4 |
791.1 |
705.5 |
|
|
|
|
|
|
|
|
Common Stock |
177.4 |
157.4 |
148.9 |
147.7 |
124.5 |
|
Common Stock |
177.4 |
157.4 |
148.9 |
147.7 |
124.5 |
|
Additional Paid-In Capital |
199.1 |
176.6 |
167.1 |
165.8 |
139.8 |
|
Retained Earnings (Accumulated Deficit) |
147.8 |
114.9 |
89.4 |
80.7 |
45.3 |
|
Treasury Stock - Common |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
-0.4 |
|
Unrealized Gain (Loss) |
13.1 |
22.9 |
15.3 |
35.7 |
49.7 |
|
Translation Adjustment |
-0.1 |
0.0 |
-0.1 |
0.2 |
0.1 |
|
Other Equity, Total |
-0.1 |
0.0 |
-0.1 |
0.2 |
0.1 |
|
Total Equity |
536.4 |
471.1 |
420.0 |
429.6 |
359.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,431.0 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Treasury Shares - Common Stock Primary Issue |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Employees |
3,766 |
3,760 |
3,770 |
3,751 |
3,731 |
|
Number of Common Shareholders |
8,419 |
11,443 |
12,044 |
10,915 |
13,557 |
|
Deferred Revenue - Current |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Total Long Term Debt, Supplemental |
261.9 |
245.6 |
272.6 |
193.4 |
164.4 |
|
Long Term Debt Maturing within 1 Year |
226.4 |
13.3 |
40.2 |
23.4 |
1.4 |
|
Long Term Debt Maturing in Year 2 |
23.7 |
200.8 |
12.6 |
155.0 |
19.8 |
|
Long Term Debt Maturing in Year 3 |
11.8 |
21.0 |
190.0 |
12.1 |
130.7 |
|
Long Term Debt Maturing in Year 4 |
0.0 |
10.5 |
19.9 |
1.2 |
10.2 |
|
Long Term Debt Maturing in Year 5 |
0.0 |
0.0 |
9.9 |
1.7 |
1.0 |
|
Long Term Debt Maturing in 2-3 Years |
35.5 |
221.8 |
202.6 |
167.1 |
150.4 |
|
Long Term Debt Maturing in 4-5 Years |
0.0 |
10.5 |
29.8 |
2.9 |
11.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
1.4 |
|
Total Capital Leases, Supplemental |
2.7 |
2.2 |
46.5 |
5.0 |
- |
|
Capital Lease Payments Due in Year 1 |
0.8 |
0.5 |
40.8 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.8 |
0.5 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.7 |
0.5 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.3 |
0.4 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.2 |
0.1 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.4 |
1.0 |
0.6 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.5 |
0.5 |
0.4 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.1 |
4.8 |
5.0 |
- |
|
Pension Obligation - Domestic |
525.1 |
472.2 |
446.7 |
439.1 |
369.3 |
|
Plan Assets - Domestic |
293.0 |
264.8 |
218.8 |
257.9 |
244.5 |
|
Funded Status - Domestic |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Total Funded Status |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
|
Prepaid Benefits - Domestic |
29.3 |
27.2 |
20.6 |
16.2 |
- |
|
Accrued Liabilities - Domestic |
-146.8 |
-124.7 |
-113.0 |
-110.0 |
-88.8 |
|
Other Assets, Net - Domestic |
114.6 |
109.8 |
135.5 |
87.4 |
36.0 |
|
Net Assets Recognized on Balance Sheet |
-2.8 |
12.3 |
43.1 |
-6.4 |
-52.7 |
|
Total Plan Obligations |
525.1 |
472.2 |
446.7 |
439.1 |
369.3 |
|
Total Plan Assets |
293.0 |
264.8 |
218.8 |
257.9 |
244.5 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
45.3 |
71.9 |
100.2 |
276.5 |
294.9 |
|
Short Term Investments |
2.0 |
213.1 |
199.2 |
49.8 |
50.4 |
|
Cash and Short Term Investments |
47.3 |
285.0 |
299.5 |
326.3 |
345.4 |
|
Accounts Receivable -
Trade, Gross |
310.7 |
554.8 |
304.6 |
282.7 |
251.4 |
|
Provision for Doubtful
Accounts |
-2.0 |
-2.5 |
-2.3 |
-2.2 |
-1.8 |
|
Trade Accounts Receivable - Net |
308.7 |
552.3 |
302.2 |
280.5 |
249.5 |
|
Other Receivables |
338.1 |
- |
- |
- |
- |
|
Total Receivables, Net |
646.7 |
552.3 |
302.2 |
280.5 |
249.5 |
|
Inventories - Finished Goods |
82.1 |
75.0 |
75.3 |
69.0 |
69.9 |
|
Inventories - Work In Progress |
220.4 |
182.1 |
298.1 |
232.7 |
180.2 |
|
Inventories - Raw Materials |
43.1 |
40.2 |
42.4 |
38.5 |
37.1 |
|
Total Inventory |
345.6 |
297.2 |
415.8 |
340.1 |
287.3 |
|
Prepaid Expenses |
7.9 |
12.3 |
10.8 |
6.3 |
3.9 |
|
Deferred Income Tax - Current Asset |
3.2 |
3.8 |
2.9 |
3.4 |
2.4 |
|
Other Current Assets |
15.0 |
6.6 |
42.2 |
11.8 |
11.5 |
|
Other Current Assets, Total |
18.2 |
10.4 |
45.2 |
15.2 |
13.9 |
|
Total Current Assets |
1,065.6 |
1,157.3 |
1,073.4 |
968.5 |
900.0 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
115.0 |
113.7 |
117.5 |
113.8 |
108.6 |
|
Intangibles, Net |
8.0 |
8.3 |
9.0 |
8.3 |
8.0 |
|
LT Investments - Other |
67.4 |
101.5 |
109.9 |
113.3 |
111.7 |
|
Long Term Investments |
67.4 |
101.5 |
109.9 |
113.3 |
111.7 |
|
Note Receivable - Long Term |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
15.6 |
15.2 |
16.1 |
15.5 |
14.5 |
|
Other Long Term Assets |
34.8 |
35.0 |
35.7 |
34.9 |
33.4 |
|
Other Long Term Assets, Total |
50.4 |
50.2 |
51.8 |
50.4 |
47.9 |
|
Total Assets |
1,306.6 |
1,431.0 |
1,361.9 |
1,254.5 |
1,176.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
213.0 |
326.5 |
238.0 |
196.5 |
169.7 |
|
Accrued Expenses |
26.3 |
25.6 |
29.9 |
23.0 |
25.8 |
|
Notes Payable/Short Term Debt |
25.6 |
21.4 |
24.0 |
22.1 |
18.6 |
|
Current Portion - Long Term Debt/Capital Leases |
233.6 |
227.2 |
57.7 |
4.4 |
14.6 |
|
Customer Advances |
35.7 |
27.0 |
86.8 |
53.1 |
37.3 |
|
Security Deposits |
10.3 |
2.4 |
6.3 |
2.4 |
9.4 |
|
Income Taxes Payable |
1.2 |
3.1 |
1.5 |
2.8 |
1.5 |
|
Other Current Liabilities |
25.4 |
47.3 |
29.0 |
40.8 |
24.6 |
|
Other Current liabilities, Total |
72.5 |
79.8 |
123.6 |
99.1 |
72.8 |
|
Total Current Liabilities |
571.0 |
680.5 |
473.2 |
345.0 |
301.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
37.9 |
35.5 |
211.2 |
257.0 |
244.8 |
|
Capital Lease Obligations |
1.8 |
2.0 |
2.2 |
1.6 |
1.6 |
|
Total Long Term Debt |
39.7 |
37.5 |
213.4 |
258.6 |
246.4 |
|
Total Debt |
298.9 |
286.0 |
295.2 |
285.1 |
279.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2.9 |
8.7 |
8.5 |
10.1 |
11.6 |
|
Deferred Income Tax |
2.9 |
8.7 |
8.5 |
10.1 |
11.6 |
|
Minority Interest |
4.6 |
4.3 |
4.3 |
4.1 |
3.9 |
|
Pension Benefits - Underfunded |
153.1 |
148.9 |
151.7 |
145.0 |
135.7 |
|
Other Long Term Liabilities |
15.0 |
14.8 |
14.9 |
14.4 |
13.5 |
|
Other Liabilities, Total |
168.1 |
163.7 |
166.6 |
159.4 |
149.2 |
|
Total Liabilities |
786.4 |
894.6 |
866.0 |
777.3 |
712.6 |
|
|
|
|
|
|
|
|
Common Stock |
182.1 |
177.4 |
181.3 |
176.0 |
166.2 |
|
Common Stock |
182.1 |
177.4 |
181.3 |
176.0 |
166.2 |
|
Additional Paid-In Capital |
204.4 |
199.1 |
203.5 |
197.6 |
186.5 |
|
Retained Earnings (Accumulated Deficit) |
130.1 |
147.8 |
99.4 |
89.6 |
94.7 |
|
Treasury Stock - Common |
-0.9 |
-0.8 |
-0.8 |
-0.8 |
-0.7 |
|
Unrealized Gain (Loss) |
4.6 |
13.1 |
12.6 |
14.8 |
17.1 |
|
Translation Adjustment |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Other Equity, Total |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Total Equity |
520.2 |
536.4 |
495.9 |
477.2 |
463.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,306.6 |
1,431.0 |
1,361.9 |
1,254.5 |
1,176.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Treasury Shares - Common Stock Primary Issue |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employees |
- |
3,766 |
3,785 |
3,780 |
3,806 |
|
Deferred Revenue - Current |
35.7 |
27.0 |
86.8 |
53.1 |
37.3 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
26.0 |
29.1 |
19.0 |
32.4 |
40.6 |
|
Depreciation |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Depreciation/Depletion |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Amortization of Acquisition Costs |
- |
- |
- |
- |
0.0 |
|
Amortization |
- |
- |
- |
- |
0.0 |
|
Unusual Items |
-18.3 |
0.0 |
-14.9 |
0.3 |
-5.0 |
|
Equity in Net Earnings (Loss) |
-2.9 |
-2.2 |
-3.6 |
-2.5 |
-2.8 |
|
Other Non-Cash Items |
8.0 |
2.6 |
13.2 |
-11.7 |
-11.2 |
|
Non-Cash Items |
-13.1 |
0.4 |
-5.3 |
-13.8 |
-19.0 |
|
Accounts Receivable |
30.3 |
18.8 |
11.9 |
-6.0 |
4.3 |
|
Inventories |
-16.9 |
99.9 |
-4.9 |
22.5 |
-34.2 |
|
Accounts Payable |
28.9 |
-47.7 |
-48.6 |
-24.4 |
30.6 |
|
Other Operating Cash Flow |
-10.9 |
-6.3 |
-7.4 |
-8.8 |
16.6 |
|
Changes in Working Capital |
31.3 |
64.6 |
-49.1 |
-16.7 |
17.2 |
|
Cash from Operating Activities |
60.6 |
111.1 |
-17.7 |
17.9 |
53.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
-8.3 |
|
Capital Expenditures |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
-8.3 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
15.6 |
0.0 |
0.0 |
|
Sale/Maturity of Investment |
29.6 |
1.9 |
0.0 |
2.1 |
0.4 |
|
Investment, Net |
0.0 |
0.0 |
0.0 |
- |
- |
|
Purchase of Investments |
-1.5 |
-2.3 |
-3.7 |
-0.1 |
-0.8 |
|
Sale of Intangible Assets |
- |
- |
- |
0.0 |
5.8 |
|
Other Investing Cash Flow |
-1.5 |
-0.8 |
0.9 |
-3.4 |
-2.6 |
|
Other Investing Cash Flow Items, Total |
26.6 |
-1.2 |
12.7 |
-1.4 |
2.8 |
|
Cash from Investing Activities |
18.2 |
-11.2 |
1.3 |
-10.2 |
-5.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.7 |
-0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Financing Cash Flow Items |
-0.7 |
-0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Cash Dividends Paid - Common |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
0.0 |
|
Total Cash Dividends Paid |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
0.0 |
|
Short Term Debt, Net |
3.7 |
-43.6 |
38.9 |
3.8 |
-60.9 |
|
Long Term Debt Issued |
- |
0.0 |
99.7 |
0.0 |
120.6 |
|
Long Term Debt
Reduction |
-14.5 |
-42.7 |
-23.3 |
-1.4 |
-126.8 |
|
Long Term Debt, Net |
-14.5 |
-42.7 |
76.3 |
-1.4 |
-6.3 |
|
Issuance (Retirement) of Debt, Net |
-10.8 |
-86.3 |
115.2 |
2.4 |
-67.1 |
|
Cash from Financing Activities |
-16.2 |
-91.1 |
108.3 |
-3.6 |
-67.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.9 |
-0.4 |
-1.3 |
-1.0 |
0.0 |
|
Net Change in Cash |
60.7 |
8.5 |
90.5 |
3.1 |
-19.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
208.4 |
183.7 |
79.4 |
66.7 |
84.8 |
|
Net Cash - Ending Balance |
269.1 |
192.2 |
169.9 |
69.8 |
65.2 |
|
Cash Interest Paid |
5.0 |
4.9 |
4.1 |
3.5 |
2.2 |
|
Cash Taxes Paid |
4.1 |
3.9 |
4.0 |
1.8 |
3.2 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
92.941082 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
26.0 |
-24.2 |
-30.5 |
-19.7 |
29.1 |
|
Depreciation |
16.5 |
10.9 |
6.8 |
3.2 |
17.0 |
|
Depreciation/Depletion |
16.5 |
10.9 |
6.8 |
3.2 |
17.0 |
|
Unusual Items |
-18.3 |
-21.9 |
- |
- |
0.0 |
|
Equity in Net Earnings (Loss) |
-2.9 |
-0.5 |
-0.6 |
0.2 |
-2.2 |
|
Other Non-Cash Items |
8.0 |
5.9 |
2.8 |
-0.3 |
2.6 |
|
Non-Cash Items |
-13.1 |
-16.6 |
2.2 |
0.0 |
0.4 |
|
Accounts Receivable |
30.3 |
275.1 |
280.6 |
286.0 |
18.8 |
|
Inventories |
-16.9 |
-121.8 |
-58.9 |
-24.5 |
99.9 |
|
Accounts Payable |
28.9 |
-60.9 |
-91.9 |
-104.0 |
-47.7 |
|
Other Operating Cash Flow |
-10.9 |
29.6 |
12.3 |
-0.9 |
-6.3 |
|
Changes in Working Capital |
31.3 |
122.0 |
142.1 |
156.6 |
64.6 |
|
Cash from Operating Activities |
60.6 |
92.1 |
120.6 |
140.0 |
111.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-8.4 |
-5.3 |
-4.9 |
-3.4 |
-10.0 |
|
Capital Expenditures |
-8.4 |
-5.3 |
-4.9 |
-3.4 |
-10.0 |
|
Sale of Fixed Assets |
0.0 |
- |
- |
- |
0.0 |
|
Sale/Maturity of Investment |
29.6 |
0.3 |
0.3 |
- |
1.9 |
|
Investment, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Purchase of Investments |
-1.5 |
-1.5 |
-1.4 |
-0.3 |
-2.3 |
|
Other Investing Cash Flow |
-1.5 |
-3.4 |
-0.8 |
-0.8 |
-0.8 |
|
Other Investing Cash Flow Items, Total |
26.6 |
-4.5 |
-1.8 |
-1.1 |
-1.2 |
|
Cash from Investing Activities |
18.2 |
-9.8 |
-6.7 |
-4.5 |
-11.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.7 |
-0.4 |
-0.3 |
-0.2 |
-0.3 |
|
Financing Cash Flow Items |
-0.7 |
-0.4 |
-0.3 |
-0.2 |
-0.3 |
|
Cash Dividends Paid - Common |
-4.8 |
-4.7 |
-4.6 |
-4.2 |
-4.4 |
|
Total Cash Dividends Paid |
-4.8 |
-4.7 |
-4.6 |
-4.2 |
-4.4 |
|
Short Term Debt, Net |
3.7 |
5.8 |
4.5 |
2.2 |
-43.6 |
|
Long Term Debt Issued |
- |
- |
- |
- |
0.0 |
|
Long Term Debt
Reduction |
-14.5 |
-13.8 |
-13.1 |
-0.4 |
-42.7 |
|
Long Term Debt, Net |
-14.5 |
-13.8 |
-13.1 |
-0.4 |
-42.7 |
|
Issuance (Retirement) of Debt, Net |
-10.8 |
-8.1 |
-8.6 |
1.7 |
-86.3 |
|
Cash from Financing Activities |
-16.2 |
-13.3 |
-13.5 |
-2.6 |
-91.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.9 |
-2.0 |
-1.6 |
-1.1 |
-0.4 |
|
Net Change in Cash |
60.7 |
67.0 |
98.8 |
131.8 |
8.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
208.4 |
205.7 |
200.8 |
194.0 |
183.7 |
|
Net Cash - Ending Balance |
269.1 |
272.7 |
299.5 |
325.8 |
192.2 |
|
Cash Interest Paid |
5.0 |
3.3 |
2.4 |
0.7 |
4.9 |
|
Cash Taxes Paid |
4.1 |
3.4 |
2.3 |
2.2 |
3.9 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
Total Revenue |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
1,083.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,045.2 |
986.9 |
1,004.0 |
959.0 |
894.5 |
|
Res-Doubt.Acct.Allow |
0.1 |
0.5 |
11.2 |
0.0 |
0.7 |
|
Emp.& Direc. Salary |
86.0 |
79.2 |
72.8 |
64.9 |
61.8 |
|
Res-Accr.Retire Bft. |
11.6 |
10.6 |
9.3 |
4.9 |
5.0 |
|
Provision of reserve for directors' reti |
0.6 |
0.6 |
0.6 |
0.6 |
1.1 |
|
Research & Development expenses, SGA |
30.1 |
26.4 |
35.7 |
36.2 |
30.9 |
|
Other SG&A Cost |
65.2 |
60.1 |
60.8 |
52.5 |
52.1 |
|
SP Rev-Doubt.Acct.Allow |
-0.4 |
-0.2 |
-0.1 |
-2.2 |
-1.1 |
|
SP Other Special Gains |
-0.2 |
0.0 |
-1.0 |
-0.2 |
-0.1 |
|
SP Val.Loss-Invest.Sec |
1.2 |
0.0 |
0.1 |
0.2 |
0.0 |
|
SP Val.Loss-Inventory |
- |
0.0 |
13.3 |
0.0 |
0.0 |
|
SP Spec. prov. for doubtful acts |
- |
0.0 |
3.0 |
0.0 |
- |
|
SP Product Failure Provision |
- |
- |
- |
0.0 |
2.6 |
|
SP Return to Defence Agency |
- |
- |
- |
- |
0.0 |
|
SP Provi. for reserve for environmental |
0.0 |
2.5 |
0.0 |
- |
- |
|
SP Impairment Loss |
0.7 |
0.0 |
0.2 |
0.1 |
0.8 |
|
SP L-val. of golf membership |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
|
SP L-adjust. for changes of accts assets |
4.3 |
0.0 |
- |
- |
- |
|
SP Loss on disaster |
1.7 |
0.0 |
- |
- |
- |
|
SP Other Special loss |
0.0 |
0.3 |
0.0 |
0.0 |
0.1 |
|
NOP L-retire.Fixed Asset(Non-Op) |
0.4 |
1.3 |
2.6 |
0.5 |
0.6 |
|
NOP Val.Loss-Inventory |
- |
- |
0.0 |
2.7 |
2.7 |
|
Total Operating Expense |
1,246.6 |
1,168.3 |
1,212.3 |
1,119.3 |
1,051.8 |
|
|
|
|
|
|
|
|
SP Sale Gain-Fixed Asst |
- |
0.0 |
15.2 |
0.0 |
5.8 |
|
SP Sale Gain-Invest.Sec. |
22.9 |
1.8 |
0.0 |
0.0 |
0.0 |
|
SP Gain-Sale Affiliate Stock |
- |
- |
- |
- |
0.0 |
|
SP Disposal-Inventory |
- |
0.0 |
-4.3 |
0.0 |
0.0 |
|
SP Sale Loss-Invest. Sec. |
-2.7 |
-0.1 |
0.0 |
-0.3 |
0.0 |
|
SP Loss-Affiliate Sold |
- |
- |
- |
- |
0.0 |
|
NOP Interest Income |
0.4 |
0.4 |
0.7 |
0.7 |
0.3 |
|
NOP Dividend Income |
2.1 |
1.8 |
2.0 |
2.1 |
1.3 |
|
NOP Exchange Gain |
- |
- |
- |
0.0 |
1.5 |
|
NOP Equity in earnings of affiliates |
2.9 |
2.2 |
3.6 |
2.5 |
2.8 |
|
NOP Patent Income |
0.1 |
0.2 |
0.3 |
0.3 |
1.1 |
|
NOP Other non-operating income |
0.8 |
0.6 |
0.6 |
0.7 |
0.9 |
|
NOP Interest expenses |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
-2.9 |
|
NOP Exchange Loss |
-5.1 |
-0.4 |
-4.8 |
-3.5 |
0.0 |
|
NOP Loss-Equity Method |
- |
- |
- |
- |
0.0 |
|
NOP Other Non-op.Expense |
-0.7 |
-0.7 |
-0.7 |
-0.9 |
-1.5 |
|
Net Income Before Taxes |
26.0 |
29.2 |
19.1 |
32.5 |
40.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3.2 |
4.1 |
4.6 |
2.9 |
3.3 |
|
Net Income After Taxes |
22.8 |
25.1 |
14.5 |
29.5 |
37.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.1 |
0.3 |
0.0 |
-0.2 |
|
Net Income Before Extra. Items |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
Net Income |
22.5 |
25.0 |
14.8 |
29.6 |
37.1 |
|
|
|
|
|
|
|
|
Rounding Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Directors' Bonus |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Basic EPS Including ExtraOrdinary Item |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
22.4 |
25.0 |
14.8 |
29.5 |
37.1 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excluding ExtraOrd Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
Diluted EPS Including ExtraOrd Items |
0.16 |
0.18 |
0.11 |
0.21 |
0.27 |
|
DPS-Common Stock |
0.06 |
0.03 |
0.03 |
0.04 |
0.04 |
|
Gross Dividends - Common Stock |
8.0 |
4.4 |
4.1 |
6.0 |
5.9 |
|
Normalized Income Before Taxes |
33.9 |
33.2 |
12.9 |
31.1 |
37.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.2 |
4.6 |
3.1 |
2.8 |
3.1 |
|
Normalized Income After Taxes |
29.7 |
28.6 |
9.8 |
28.3 |
34.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
29.3 |
28.4 |
10.1 |
28.3 |
34.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
Diluted Normalized EPS |
0.21 |
0.21 |
0.07 |
0.21 |
0.25 |
|
R&D expense, supplemental |
30.1 |
26.4 |
35.7 |
36.2 |
30.9 |
|
R & D Expenses (COGS) |
22.1 |
14.2 |
25.2 |
22.6 |
15.9 |
|
Interest expense, supplemental |
5.0 |
4.8 |
4.0 |
3.2 |
2.9 |
|
Amort of Acquisition Costs |
- |
- |
- |
- |
0.0 |
|
Depreciation, supplemental |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Reported Operating Profit |
18.1 |
32.3 |
28.5 |
35.3 |
36.9 |
|
Reported Ordinary Profit |
13.2 |
30.2 |
23.6 |
30.9 |
37.1 |
|
Service Cost |
17.9 |
16.8 |
15.2 |
13.7 |
13.5 |
|
Interest Cost |
10.2 |
9.6 |
8.8 |
7.7 |
7.5 |
|
Expected Return on Plan Assets |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
-8.9 |
|
Prior Service Cost |
-4.5 |
-3.6 |
-3.4 |
-3.0 |
-2.9 |
|
Actuarial Gains & Losses |
17.3 |
15.5 |
10.6 |
5.8 |
5.8 |
|
Expenses due to Acct. Change |
3.8 |
3.5 |
3.3 |
2.9 |
2.8 |
|
Additional Expenses |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Total Pension Expense |
37.5 |
35.9 |
33.3 |
17.3 |
17.9 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net sales |
192.6 |
602.4 |
251.8 |
244.3 |
178.1 |
|
Total Revenue |
192.6 |
602.4 |
251.8 |
244.3 |
178.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
166.3 |
493.9 |
215.5 |
205.3 |
147.0 |
|
Selling, general and administrative expe |
47.6 |
- |
- |
- |
- |
|
Allowance for Doubtful Account |
- |
- |
0.1 |
0.2 |
0.1 |
|
Payroll |
- |
22.1 |
22.7 |
21.1 |
20.2 |
|
Reserve for Retirement Benefit |
- |
2.9 |
3.0 |
3.0 |
2.7 |
|
Reserve for Director Retirement Bonus |
- |
0.1 |
0.2 |
0.1 |
0.2 |
|
Research & Development |
- |
11.7 |
8.1 |
6.0 |
4.7 |
|
Other SGA |
- |
16.9 |
16.2 |
17.2 |
14.7 |
|
SP Gain on Val. of Inv't Secs. |
- |
- |
- |
0.0 |
- |
|
SP Rev-Doubt.Acct.Allow |
0.0 |
- |
0.0 |
0.0 |
-0.7 |
|
SP Other Special Gains |
0.0 |
- |
- |
- |
-0.1 |
|
SP L on valuation of investment securiti |
0.2 |
0.8 |
0.0 |
0.5 |
0.2 |
|
SP L on retirement of noncurrent assets |
- |
- |
- |
0.0 |
- |
|
SP L on adj. for changes of acc. assets |
0.0 |
0.0 |
- |
- |
4.0 |
|
SP Impairment Loss |
- |
0.7 |
0.0 |
- |
- |
|
SP Other Loss |
0.0 |
4.8 |
- |
0.0 |
0.0 |
|
NOP Gain on valuation of derivatives |
- |
- |
- |
0.0 |
- |
|
NOP Loss on Val. of Derivatives |
- |
- |
0.0 |
- |
0.0 |
|
Total Operating Expense |
214.2 |
553.8 |
265.7 |
253.5 |
193.0 |
|
|
|
|
|
|
|
|
SP Sale Gain-Invest.Sec |
10.9 |
0.0 |
23.8 |
- |
0.0 |
|
NOP Interest Income |
0.3 |
0.1 |
0.1 |
0.1 |
0.1 |
|
NOP Dividend Income |
1.1 |
0.0 |
0.8 |
0.0 |
1.2 |
|
NOP Gain-Equity Method |
0.4 |
2.4 |
- |
0.9 |
0.0 |
|
NOP Foreign exchange gains |
- |
3.1 |
0.0 |
- |
0.0 |
|
NOP Other gains |
0.4 |
- |
0.3 |
0.1 |
0.9 |
|
NOP Interest Expense |
-1.2 |
-1.3 |
-1.3 |
-1.3 |
-1.1 |
|
NOP Loss-Equity Method |
0.0 |
- |
-0.1 |
- |
-0.2 |
|
NOP Exchange Loss |
-1.6 |
- |
-1.9 |
-0.7 |
-5.2 |
|
NOP Other loss |
-0.4 |
-0.3 |
-0.4 |
-0.4 |
-0.4 |
|
Net Income Before Taxes |
-11.8 |
52.7 |
7.4 |
-10.4 |
-19.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1.0 |
1.6 |
0.4 |
-0.1 |
1.3 |
|
Net Income After Taxes |
-12.8 |
51.1 |
7.0 |
-10.3 |
-21.1 |
|
|
|
|
|
|
|
|
Minority interests in loss |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Net Income Before Extra. Items |
-12.9 |
51.0 |
6.9 |
-10.3 |
-21.2 |
|
Net Income |
-12.9 |
51.0 |
6.9 |
-10.3 |
-21.2 |
|
|
|
|
|
|
|
|
Rounding Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-12.9 |
50.9 |
6.9 |
-10.3 |
-21.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-12.9 |
50.9 |
6.9 |
-10.3 |
-21.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
Basic EPS Including ExtraOrdinary Item |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-12.9 |
50.9 |
6.9 |
-10.3 |
-21.2 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
Diluted EPS Including ExtraOrd Items |
-0.09 |
0.37 |
0.05 |
-0.07 |
-0.15 |
|
DPS-Common Stock |
0.00 |
0.06 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
8.4 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
-11.6 |
58.9 |
7.4 |
-10.0 |
-16.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.1 |
1.7 |
0.4 |
0.0 |
2.5 |
|
Normalized Income After Taxes |
-12.6 |
57.2 |
7.0 |
-10.0 |
-18.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-12.7 |
57.0 |
6.9 |
-10.0 |
-19.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.09 |
0.41 |
0.05 |
-0.07 |
-0.14 |
|
Diluted Normalized EPS |
-0.09 |
0.41 |
0.05 |
-0.07 |
-0.14 |
|
Interest expense, supplemental |
1.2 |
1.3 |
1.3 |
1.3 |
1.1 |
|
R&D expense, supplemental |
- |
11.7 |
8.1 |
6.0 |
4.7 |
|
Depreciation, supplemental |
3.5 |
5.7 |
4.1 |
3.6 |
3.2 |
|
Reported Operating Profit |
-21.4 |
54.8 |
-13.9 |
-8.7 |
-11.5 |
|
Reported Ordinary Profit |
-22.4 |
58.9 |
-16.4 |
-10.0 |
-16.3 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Deposit |
71.9 |
163.0 |
174.5 |
41.3 |
65.4 |
|
Note&Acct.Rcvbl. |
554.8 |
519.9 |
509.8 |
518.7 |
432.8 |
|
Marketable Sec. |
213.1 |
33.9 |
1.7 |
38.8 |
0.0 |
|
Inventories |
- |
- |
- |
- |
292.5 |
|
Inventories - merchandise&finished goods |
75.0 |
70.1 |
96.0 |
78.1 |
- |
|
Inventories - work-in-process |
182.1 |
142.6 |
185.4 |
193.6 |
- |
|
Inventories - raw materials&supplies |
40.2 |
35.6 |
47.0 |
49.3 |
- |
|
Advance Payment |
12.3 |
10.0 |
5.2 |
7.9 |
6.1 |
|
Dfrd. Tax Asset |
3.8 |
3.1 |
3.4 |
3.4 |
2.9 |
|
Other Curr.Asset |
6.6 |
6.8 |
8.3 |
7.6 |
5.6 |
|
Doubtful Account |
-2.5 |
-2.4 |
-12.7 |
-2.1 |
-3.9 |
|
Total Current Assets |
1,157.3 |
982.5 |
1,018.7 |
936.7 |
801.4 |
|
|
|
|
|
|
|
|
Bldg.&Structure |
314.9 |
273.2 |
258.1 |
262.6 |
220.0 |
|
Accum. depr - bldg&struc |
-249.0 |
-213.0 |
-197.7 |
-199.5 |
- |
|
Machinery&Equip |
111.4 |
99.9 |
99.4 |
100.3 |
85.6 |
|
Accum. depr - machin&vehicles |
-101.5 |
-89.8 |
-87.7 |
-88.4 |
- |
|
Tool and Fixture |
203.5 |
180.6 |
185.6 |
186.9 |
157.8 |
|
Accum. depr - tools, furn, fixtur |
-191.2 |
-169.1 |
-171.8 |
-172.8 |
- |
|
Land |
23.7 |
20.5 |
19.4 |
19.5 |
16.4 |
|
Lease |
2.6 |
2.2 |
1.1 |
0.0 |
- |
|
Depre.- Lease |
-1.0 |
-0.4 |
-0.1 |
0.0 |
- |
|
Construction |
0.4 |
0.0 |
0.0 |
0.0 |
0.6 |
|
Depreciation |
- |
- |
- |
- |
-384.0 |
|
Intangible Asset |
8.3 |
6.2 |
7.0 |
9.6 |
7.2 |
|
Investment Sec. |
101.5 |
117.4 |
99.4 |
129.6 |
141.6 |
|
LT Loan |
0.2 |
0.2 |
0.3 |
0.2 |
0.3 |
|
Dfrd. Tax Asset |
15.2 |
13.5 |
12.6 |
13.2 |
11.6 |
|
Other Assets |
54.0 |
49.4 |
31.2 |
26.1 |
10.0 |
|
Doubtful Account |
-19.0 |
-17.2 |
-6.1 |
-3.3 |
-4.0 |
|
Adjustment |
- |
0.0 |
- |
- |
- |
|
Total Assets |
1,431.1 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
Note&Acct. Pybl. |
326.5 |
263.2 |
293.9 |
340.9 |
311.0 |
|
ST Borrowing |
21.4 |
15.5 |
15.2 |
16.0 |
9.7 |
|
Cur.Port-LT Debt |
226.4 |
13.3 |
40.2 |
23.4 |
1.4 |
|
Curr.-Corp.Bond |
- |
- |
- |
- |
0.0 |
|
Commercial Paper |
- |
0.0 |
40.5 |
0.0 |
0.0 |
|
Accrued Expense |
25.6 |
25.4 |
25.0 |
26.0 |
22.8 |
|
Lease |
0.8 |
0.5 |
0.3 |
0.0 |
- |
|
Income Tax Pybl. |
3.1 |
3.2 |
3.1 |
3.3 |
2.8 |
|
Advance Received |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Customer Deposit |
2.4 |
2.2 |
1.8 |
1.8 |
6.1 |
|
Provision for loss on disaster |
1.2 |
0.0 |
- |
- |
- |
|
Res-Prod.Wrrty. |
1.5 |
5.8 |
1.6 |
4.0 |
7.3 |
|
Res-Prod.Return |
- |
- |
- |
- |
0.0 |
|
Other Curr.Liab. |
44.6 |
45.2 |
40.0 |
43.2 |
35.8 |
|
Total Current Liabilities |
680.5 |
395.1 |
478.7 |
472.7 |
413.0 |
|
|
|
|
|
|
|
|
Corporate Bond |
- |
- |
- |
- |
0.0 |
|
LT Borrowing |
35.5 |
232.3 |
232.3 |
170.0 |
163.0 |
|
Lease |
2.0 |
1.6 |
1.1 |
0.0 |
- |
|
Total Long Term Debt |
37.5 |
233.9 |
233.4 |
170.0 |
163.0 |
|
|
|
|
|
|
|
|
Dfrd. Tax Liab. |
8.7 |
15.5 |
10.6 |
24.3 |
33.5 |
|
Res-Accr.Retire |
146.8 |
124.7 |
113.0 |
110.0 |
88.8 |
|
Res-Direc.Retire |
2.1 |
2.8 |
2.2 |
1.9 |
3.6 |
|
Other Liability |
7.7 |
6.5 |
8.2 |
8.5 |
0.5 |
|
Minor. Interest |
4.3 |
3.6 |
3.3 |
3.6 |
3.1 |
|
Adjustment |
- |
- |
0.1 |
0.1 |
- |
|
Asset retirement obligations |
4.2 |
0.0 |
- |
- |
- |
|
Reserve for environmental measures |
2.8 |
2.5 |
0.0 |
- |
- |
|
Total Liabilities |
894.6 |
784.7 |
849.4 |
791.1 |
705.5 |
|
|
|
|
|
|
|
|
Common Stock |
177.4 |
157.4 |
148.9 |
147.7 |
124.5 |
|
Paid In Capital |
199.1 |
176.6 |
167.1 |
165.8 |
139.8 |
|
Retained Earning |
147.8 |
114.9 |
89.4 |
80.7 |
45.3 |
|
Treasury Stock |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
-0.4 |
|
Unreal.Gain-Sec |
13.1 |
22.9 |
15.3 |
35.7 |
49.7 |
|
Foreign currency translation adjustment |
-0.1 |
0.0 |
-0.1 |
0.2 |
0.1 |
|
Total Equity |
536.4 |
471.1 |
420.0 |
429.6 |
359.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,431.0 |
1,255.8 |
1,269.4 |
1,220.7 |
1,064.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
T/S-Common Stock |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Deferred Revenue - Current |
27.0 |
20.8 |
17.2 |
14.2 |
16.0 |
|
Full-Time Employees |
3,766 |
3,760 |
3,770 |
3,751 |
3,731 |
|
Number of Common Shareholders |
8,419 |
11,443 |
12,044 |
10,915 |
13,557 |
|
LT Debt, mat. within 1 yr. |
226.4 |
13.3 |
40.2 |
23.4 |
1.4 |
|
LT Debt, mat. by 2 yr. |
23.7 |
200.8 |
12.6 |
155.0 |
19.8 |
|
LT Debt, mat. by 3 yr. |
11.8 |
21.0 |
190.0 |
12.1 |
130.7 |
|
LT Debt, mat. by 4 yr. |
0.0 |
10.5 |
19.9 |
1.2 |
10.2 |
|
LT Debt, mat. by 5 yr. |
0.0 |
0.0 |
9.9 |
1.7 |
1.0 |
|
LT Debt, mat. over 5 yr. |
0.0 |
- |
- |
- |
1.4 |
|
Total Long Term Debt, Supplemental |
261.9 |
245.6 |
272.6 |
193.4 |
164.4 |
|
Capital lease payment due in 1 year |
0.8 |
0.5 |
40.8 |
- |
- |
|
Capital lease payment due in 2 years |
0.8 |
0.5 |
0.3 |
- |
- |
|
Capital lease payment due in 3 years |
0.7 |
0.5 |
0.3 |
- |
- |
|
Capital lease payment due in 4 years |
0.3 |
0.4 |
0.3 |
- |
- |
|
Capital lease payment due in 5 years |
0.2 |
0.1 |
0.2 |
- |
- |
|
Capital lease Remaining |
0.0 |
0.1 |
4.8 |
5.0 |
- |
|
Total Capital Leases |
2.7 |
2.2 |
46.5 |
5.0 |
- |
|
Pension Obligation |
525.1 |
472.2 |
446.7 |
439.1 |
369.3 |
|
Fair Value of Plan Assets |
293.0 |
264.8 |
218.8 |
257.9 |
244.5 |
|
Funded Status |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Total Funded Status |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
-124.8 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Return on Plan Assets |
0.00% |
0.00% |
0.00% |
2.00% |
2.00% |
|
Difference due to Acct. Changes |
15.9 |
17.6 |
20.0 |
23.1 |
22.3 |
|
Unrecognized Actuarial Gains & Loss |
125.7 |
120.2 |
145.9 |
97.8 |
44.9 |
|
Unrecognized Prior Service Cost |
-26.9 |
-28.0 |
-30.3 |
-33.5 |
-31.1 |
|
Prepaid Pension Benefits |
29.3 |
27.2 |
20.6 |
16.2 |
- |
|
Accrued Pension Benefits |
-146.8 |
-124.7 |
-113.0 |
-110.0 |
-88.8 |
|
Net Assets Recognized on Balance Sheet |
-2.8 |
12.3 |
43.1 |
-6.4 |
-52.7 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash and Deposit |
45.3 |
71.9 |
100.2 |
276.5 |
294.9 |
|
Note&Acct.Receivable |
310.7 |
554.8 |
304.6 |
282.7 |
251.4 |
|
Marketable Security |
2.0 |
213.1 |
199.2 |
49.8 |
50.4 |
|
Merchandise and finished goods |
82.1 |
75.0 |
75.3 |
69.0 |
69.9 |
|
Inventories - work-in-process |
220.4 |
182.1 |
298.1 |
232.7 |
180.2 |
|
Raw materials and supplies |
43.1 |
40.2 |
42.4 |
38.5 |
37.1 |
|
Advances |
7.9 |
12.3 |
10.8 |
6.3 |
3.9 |
|
Deferred tax assets |
3.2 |
3.8 |
2.9 |
3.4 |
2.4 |
|
ST loans nonconsolidated affiliates |
338.1 |
- |
- |
- |
- |
|
Other |
15.0 |
6.6 |
42.2 |
11.8 |
11.5 |
|
Allowance for doubtful accounts |
-2.0 |
-2.5 |
-2.3 |
-2.2 |
-1.8 |
|
Total Current Assets |
1,065.6 |
1,157.3 |
1,073.4 |
968.5 |
900.0 |
|
|
|
|
|
|
|
|
Building&Structure |
66.6 |
65.8 |
67.2 |
65.7 |
62.5 |
|
Mach. & Vehicles |
9.6 |
9.9 |
10.1 |
10.0 |
10.1 |
|
Tools, furniture, & fixtures, net |
12.3 |
12.3 |
13.2 |
12.6 |
12.0 |
|
Land |
24.3 |
23.7 |
24.2 |
22.9 |
21.6 |
|
Constr.-in-Progress |
0.6 |
0.4 |
1.1 |
0.8 |
0.6 |
|
Lease assets, net |
1.6 |
1.6 |
1.8 |
1.8 |
1.8 |
|
Software |
6.1 |
- |
7.4 |
5.3 |
5.4 |
|
Other |
2.0 |
- |
1.6 |
3.0 |
2.6 |
|
Intangible Asset |
- |
8.3 |
- |
- |
- |
|
Investment Security |
67.4 |
101.5 |
109.9 |
113.3 |
111.7 |
|
LT Loans |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Deferred tax assets |
15.6 |
15.2 |
16.1 |
15.5 |
14.5 |
|
Other |
54.1 |
54.0 |
55.1 |
53.9 |
51.5 |
|
Allowance for doubtful accounts |
-19.4 |
-19.0 |
-19.4 |
-19.0 |
-18.1 |
|
Total Assets |
1,306.6 |
1,431.0 |
1,361.9 |
1,254.5 |
1,176.3 |
|
|
|
|
|
|
|
|
Note&Acct. Payable |
213.0 |
326.5 |
238.0 |
196.5 |
169.7 |
|
ST Borrowing |
25.6 |
21.4 |
24.0 |
22.1 |
18.6 |
|
Cur.Port-LT Debt |
232.8 |
226.4 |
56.9 |
3.7 |
14.0 |
|
Accrued Expenses |
26.3 |
25.6 |
29.9 |
23.0 |
25.8 |
|
Lease obligations |
0.8 |
0.8 |
0.8 |
0.6 |
0.6 |
|
Corp.Tax Payables |
1.2 |
3.1 |
1.5 |
2.8 |
1.5 |
|
Advances |
35.7 |
27.0 |
86.8 |
53.1 |
37.3 |
|
Deposit |
10.3 |
2.4 |
6.3 |
2.4 |
9.4 |
|
Reserve for product warranties |
1.2 |
1.5 |
2.5 |
2.7 |
3.9 |
|
Provision for loss on disaster |
0.7 |
- |
- |
- |
- |
|
Other |
23.6 |
45.8 |
26.4 |
38.1 |
20.8 |
|
Total Current Liabilities |
571.0 |
680.5 |
473.2 |
345.0 |
301.5 |
|
|
|
|
|
|
|
|
LT Borrowing |
37.9 |
35.5 |
211.2 |
257.0 |
244.8 |
|
Lease obligations |
1.8 |
2.0 |
2.2 |
1.6 |
1.6 |
|
Total Long Term Debt |
39.7 |
37.5 |
213.4 |
258.6 |
246.4 |
|
|
|
|
|
|
|
|
Dfrd. Tax Liability |
2.9 |
8.7 |
8.5 |
10.1 |
11.6 |
|
Res-Accr.Retire Bft. |
151.0 |
146.8 |
149.7 |
143.1 |
133.1 |
|
Res-Direc.Retire Bft |
2.1 |
2.1 |
2.0 |
1.9 |
2.6 |
|
Provision for environmental measures |
2.8 |
2.8 |
2.8 |
2.8 |
2.6 |
|
Asset retirement obligations |
4.4 |
4.2 |
4.3 |
4.2 |
4.0 |
|
Other |
7.8 |
7.7 |
7.7 |
7.4 |
6.9 |
|
Minority Interest |
4.6 |
4.3 |
4.3 |
4.1 |
3.9 |
|
Total Liabilities |
786.4 |
894.6 |
866.0 |
777.3 |
712.6 |
|
|
|
|
|
|
|
|
Common Stock |
182.1 |
177.4 |
181.3 |
176.0 |
166.2 |
|
Paid In Capital |
204.4 |
199.1 |
203.5 |
197.6 |
186.5 |
|
Retained earnings |
130.1 |
147.8 |
99.4 |
89.6 |
94.7 |
|
Treasury Stock |
-0.9 |
-0.8 |
-0.8 |
-0.8 |
-0.7 |
|
Unrealized Gain-Sec |
4.6 |
13.1 |
12.6 |
14.8 |
17.1 |
|
Translation Adjust |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Total Equity |
520.2 |
536.4 |
495.9 |
477.2 |
463.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,306.6 |
1,431.0 |
1,361.9 |
1,254.5 |
1,176.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
T/S-Common Stock |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Deferred Revenue - Current |
35.7 |
27.0 |
86.8 |
53.1 |
37.3 |
|
Full-Time Employees |
- |
3,766 |
3,785 |
3,780 |
3,806 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Income Before Tax |
26.0 |
29.1 |
19.0 |
32.4 |
40.6 |
|
Depreciation |
16.5 |
17.0 |
17.6 |
16.0 |
14.2 |
|
Impairment |
0.7 |
0.0 |
0.2 |
0.1 |
0.8 |
|
Amort-Consoli.Adjust |
- |
- |
- |
- |
0.0 |
|
Res-Doubt.Acct.Allow |
-0.6 |
0.1 |
14.0 |
-2.1 |
-0.9 |
|
Res-Accr.Retire Bft. |
6.1 |
0.0 |
-2.0 |
-9.9 |
-11.6 |
|
Int. and Div. Income |
-2.5 |
-2.2 |
-2.8 |
-2.9 |
-1.5 |
|
Interes Expense |
5.0 |
4.8 |
4.0 |
3.2 |
2.9 |
|
Equity in Affiliate |
-2.9 |
-2.2 |
-3.6 |
-2.5 |
-2.8 |
|
Sale Gain-Fixed Asst |
0.0 |
0.0 |
-15.2 |
0.0 |
-5.8 |
|
Gain-Sale Affiliates' Stock |
- |
- |
- |
- |
0.0 |
|
Affil Equity Sold |
- |
- |
- |
- |
0.0 |
|
Sale Gain-Invest.Sec |
-20.2 |
0.0 |
- |
0.0 |
0.0 |
|
Val.Loss-Invest.Sec |
1.2 |
0.0 |
0.1 |
0.2 |
0.0 |
|
Val . Loss Inventory |
- |
- |
- |
- |
0.0 |
|
Return to Defence Agency |
- |
- |
- |
- |
0.0 |
|
Account Receivable |
30.3 |
18.8 |
11.9 |
-6.0 |
4.3 |
|
Inventories |
-16.9 |
99.9 |
-4.9 |
22.5 |
-34.2 |
|
Account Payable |
28.9 |
-47.7 |
-48.6 |
-24.4 |
30.6 |
|
Other Opera.Activity |
-4.6 |
0.0 |
-2.3 |
-6.4 |
20.4 |
|
Int. and Div. Rcvd. |
2.8 |
2.5 |
3.0 |
2.9 |
1.6 |
|
Interest expenses paid |
-5.0 |
-4.9 |
-4.1 |
-3.5 |
-2.2 |
|
Return to Defence Agency Paid |
- |
- |
- |
- |
0.0 |
|
Income taxes paid, cash basis |
-4.1 |
-3.9 |
-4.0 |
-1.8 |
-3.2 |
|
Adjustment |
- |
- |
0.0 |
0.0 |
- |
|
Cash from Operating Activities |
60.6 |
111.1 |
-17.7 |
17.9 |
53.1 |
|
|
|
|
|
|
|
|
Time Deposit Made |
-1.3 |
-2.2 |
-1.7 |
0.0 |
-0.4 |
|
Time Deposit Matured |
0.9 |
0.0 |
0.0 |
0.9 |
0.4 |
|
Purch-Marketable Sec |
- |
0.0 |
-1.6 |
0.0 |
- |
|
Marketable securities, net |
0.0 |
0.0 |
0.0 |
- |
- |
|
Capial Expenditure |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
-8.3 |
|
Sale-Fixed Asset |
0.0 |
0.0 |
15.6 |
0.0 |
0.0 |
|
Sale of Intangibles |
- |
- |
- |
0.0 |
5.8 |
|
Purch-Investment Sec |
-0.2 |
-0.1 |
-0.4 |
-0.1 |
-0.4 |
|
Proceeds from sales of investment securi |
28.7 |
1.9 |
0.0 |
1.2 |
0.0 |
|
Sale-Sub's.Equity |
- |
- |
- |
- |
0.0 |
|
Other Inv. Activity |
-1.5 |
-0.8 |
0.9 |
-3.4 |
-2.6 |
|
Cash from Investing Activities |
18.2 |
-11.2 |
1.3 |
-10.2 |
-5.5 |
|
|
|
|
|
|
|
|
ST Debt, Net |
3.7 |
-0.5 |
-0.9 |
3.8 |
-1.0 |
|
Commercial Paper,Net |
0.0 |
-43.0 |
39.8 |
0.0 |
-59.9 |
|
Issued-LT Debt |
- |
0.0 |
99.7 |
0.0 |
120.6 |
|
Repaid-LT Debt |
-14.5 |
-42.7 |
-23.3 |
-1.4 |
-53.3 |
|
Redemp-Corp.Bond |
- |
- |
- |
0.0 |
-73.5 |
|
Paid In by Minority |
- |
- |
- |
- |
0.0 |
|
Dividend Paid |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
0.0 |
|
Div.Paid to Minority |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other financing activities |
-0.6 |
-0.3 |
0.0 |
-0.1 |
0.0 |
|
Cash from Financing Activities |
-16.2 |
-91.1 |
108.3 |
-3.6 |
-67.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.9 |
-0.4 |
-1.3 |
-1.0 |
0.0 |
|
Net Change in Cash |
60.7 |
8.5 |
90.5 |
3.1 |
-19.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
208.4 |
183.7 |
79.4 |
66.7 |
84.8 |
|
Net Cash - Ending Balance |
269.1 |
192.2 |
169.9 |
69.8 |
65.2 |
|
Cash Interest Paid |
5.0 |
4.9 |
4.1 |
3.5 |
2.2 |
|
Cash Taxes Paid |
4.1 |
3.9 |
4.0 |
1.8 |
3.2 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
92.941082 |
|
|
|
|
|
|
|
|
Income Before Tax |
26.0 |
-24.2 |
-30.5 |
-19.7 |
29.1 |
|
Depreciation |
16.5 |
10.9 |
6.8 |
3.2 |
17.0 |
|
Impairment Loss |
0.7 |
0.0 |
- |
- |
0.0 |
|
Res-Doubt.Acct.Allow |
-0.6 |
-0.8 |
-0.8 |
-0.7 |
0.1 |
|
Res-Accr.Retire Bft. |
6.1 |
5.3 |
2.7 |
0.7 |
0.0 |
|
Int. and Div. Income |
-2.5 |
-2.4 |
-1.5 |
-1.3 |
-2.2 |
|
Interes Expense |
5.0 |
3.7 |
2.4 |
1.1 |
4.8 |
|
Equity in Affiliate |
-2.9 |
-0.5 |
-0.6 |
0.2 |
-2.2 |
|
Sale Gain-Fixed Asst |
0.0 |
- |
- |
- |
0.0 |
|
Sale Gain-Invest.Sec |
-20.2 |
-22.6 |
- |
- |
0.0 |
|
Val.Loss-Invest.Sec |
1.2 |
0.7 |
- |
- |
0.0 |
|
Account Receivable |
30.3 |
275.1 |
280.6 |
286.0 |
18.8 |
|
Inventories |
-16.9 |
-121.8 |
-58.9 |
-24.5 |
99.9 |
|
Account Payable |
28.9 |
-60.9 |
-91.9 |
-104.0 |
-47.7 |
|
Other Opera.Activity |
-4.6 |
33.6 |
15.2 |
0.5 |
0.0 |
|
Int. and Div. Rcvd. |
2.8 |
2.7 |
1.8 |
1.6 |
2.5 |
|
Interest Paid |
-5.0 |
-3.3 |
-2.4 |
-0.7 |
-4.9 |
|
Income taxes paid, cash basis |
-4.1 |
-3.4 |
-2.3 |
-2.2 |
-3.9 |
|
Adjustment |
- |
-0.1 |
-0.1 |
0.0 |
- |
|
Cash from Operating Activities |
60.6 |
92.1 |
120.6 |
140.0 |
111.1 |
|
|
|
|
|
|
|
|
Time Deposit Made |
-1.3 |
-1.3 |
-1.2 |
-0.3 |
-2.2 |
|
Time Deposit Matured |
0.9 |
0.3 |
0.3 |
- |
0.0 |
|
Purch-Marketable Sec |
- |
- |
- |
- |
0.0 |
|
Marketable securities, net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capial Expenditure |
-8.4 |
-5.3 |
-4.9 |
-3.4 |
-10.0 |
|
Sale-Fixed Asset |
0.0 |
- |
- |
- |
0.0 |
|
Purch-Investment Sec |
-0.2 |
-0.2 |
-0.1 |
0.0 |
-0.1 |
|
Proceeds from sales of investment securi |
28.7 |
- |
- |
- |
1.9 |
|
Other Inv. Activity |
-1.5 |
-3.4 |
-0.8 |
-0.8 |
-0.8 |
|
Cash from Investing Activities |
18.2 |
-9.8 |
-6.7 |
-4.5 |
-11.2 |
|
|
|
|
|
|
|
|
ST Debt, Net |
3.7 |
5.8 |
4.5 |
2.2 |
-0.5 |
|
Increase (decrease) in commercial papers |
0.0 |
0.0 |
0.0 |
0.0 |
-43.0 |
|
Issued-LT Debt |
- |
- |
- |
- |
0.0 |
|
Repaid-LT Debt |
-14.5 |
-13.8 |
-13.1 |
-0.4 |
-42.7 |
|
Dividend Paid |
-4.8 |
-4.7 |
-4.6 |
-4.2 |
-4.4 |
|
Div.Paid to Minority |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other financing activities |
-0.6 |
-0.4 |
-0.3 |
-0.1 |
-0.3 |
|
Cash from Financing Activities |
-16.2 |
-13.3 |
-13.5 |
-2.6 |
-91.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.9 |
-2.0 |
-1.6 |
-1.1 |
-0.4 |
|
Net Change in Cash |
60.7 |
67.0 |
98.8 |
131.8 |
8.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
208.4 |
205.7 |
200.8 |
194.0 |
183.7 |
|
Net Cash - Ending Balance |
269.1 |
272.7 |
299.5 |
325.8 |
192.2 |
|
Cash Interest Paid |
5.0 |
3.3 |
2.4 |
0.7 |
4.9 |
|
Cash Taxes Paid |
4.1 |
3.4 |
2.3 |
2.2 |
3.9 |
Business Segments
Financials in: As Reported (mil)
|
Annual |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments
Financials in: As Reported (mil)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
|
UK Pound |
1 |
Rs.80.08 |
|
Euro |
1 |
Rs.68.45 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.