MIRA INFORM REPORT
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Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ASAHI GLASS COMPANY, LIMITED |
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Registered Office : |
1-12-1, Yuraku-cho, Chiyoda-ku, 100-8405 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.06.1950 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Glass Manufacturer |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Asahi Glass Company, Limited
1-12-1, Yuraku-cho
Chiyoda-ku, 100-8405
Japan
Tel: 81-3-32185509
Fax: 81 (3) 3201-5390
Web: www.agc.com
Synthesis
Employees: 50,523
Company Type: Public Parent
Corporate Family: 97
Companies
Traded: Tokyo
Stock Exchange: 5201
Incorporation Date: 01-Jun-1950
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Japanese
Yen
Annual Sales: 14,682.3 1
Net Income: 1,403.2
Total Assets: 21,749.9 2
Market Value: 10,063.8
(04-Nov-2011)
Business Description
Asahi Glass
Company, Limited is a Japan-based glass manufacturer. The Company has four
business segments. The Glass segment manufactures and sells sheet glass, glass
for automobiles, as well as glass for illumination and industry use, among
others. The Electronics and Display segment is involved in the manufacture and
sale of glass substrates for liquid crystal use, glass for plasma display
panels (PDPs), glass frits, parts for semiconductor manufacturing equipment,
optoelectronics parts and synthetic silica products, among others. The Chemical
segment offers chloride vinyl monomers, sodium hydroxide, urethane raw
materials, fluorine resin and glass, battery materials and iodine products,
among others. The Others segment provides ceramic products, as well as
logistics and financial services. For the nine months ended 30 September 2011,
Asahi Glass Company, Limited's revenues decreased 5% to Y915.65B. The Company's
net income decreased 31% to Y76.02B. Revenues reflect lower sales mainly from
glass business segment. Net income also suffered from unfavorable gross and
operating profit margins, the presence of the loss on disaster, as well as the
highly increased gain on sale of fixed assets.
Industry
Industry Construction - Supplies and
Fixtures
ANZSIC 2006: 2010 - Glass and
Glass Product Manufacturing
NACE 2002: 2611 - Manufacture
of flat glass
NAICS 2002: 327211 - Flat
Glass Manufacturing
UK SIC 2003: 2611 - Manufacture
of flat glass
US SIC 1987: 3211 - Flat Glass
Key Executives
|
Name |
Title |
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Masahiro Kadomatsu |
President, Chief Executive Officer and Director |
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Takashi Matsuzawa |
Senior Executive Vice President and Chief Financial Officer |
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Tetsuji Kakimoto |
President of Asahi Glass Fine Techno Taiwan Co., Ltd |
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Takashi Wada |
Senior Executive Vice President of Global Operations |
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Yoshihiko Saito |
Corporate Communications and Investor Relations |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Regulatory / Company Investigation |
1 |
EU Commission Fines Asahi Glass Company, Limited And Others EUR128
Million In Cartel Case-DJ |
19-Oct-2011 |
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Negative Earnings Pre-Announcement |
1 |
Asahi Glass Company, Limited Lowers Consolidated Full-year Forecast
for FY 2011 |
4-Nov-2011 |
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Strategic Combinations |
1 |
Asahi Glass Company, Limited Establishes Joint Venture with TOSTEM
Corporation-Jiji Press |
7-Dec-2010 |
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Expansion / New Markets / New Units |
1 |
Asahi Glass Company, Limited Establishes New Subsidiary-Jiji Press |
26-Dec-2010 |
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Other Pre-Announcement |
1 |
Asahi Glass Company, Limited to Discontinue Certain Business; Expects
Extraordinary Losses for FY Ending December 2010 |
24-Dec-2010 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Tokyo Stock
Exchange: closing price list -1- |
17-Nov-2011 |
|
WIPO
PUBLISHES PATENT OF ASAHI GLASS FOR "PROCESS FOR PRODUCING LAMINATE AND
LAMINATE" (JAPANESE INVENTOR) |
17-Nov-2011 |
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Tokyo Stock
Exchange: morning price list -1- |
16-Nov-2011 |
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New
Research on Ceramics from H. Masai and Co-Authors Summarized |
16-Nov-2011 |
|
Tokyo Most
Actives |
16-Nov-2011 |
Financial Summary
As of 30-Sep-2011
Key Ratios Company Industry
Current Ratio (MRQ) 1.51 2.87
Quick Ratio (MRQ) 1.01 1.37
Debt to Equity (MRQ) 0.63 0.76
Sales 5 Year Growth -3.33 1.49
Net Profit Margin (TTM) % 7.61 3.92
Return on Assets (TTM) % 5.49 2.89
Return on Equity (TTM) % 11.34 4.01
Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 87.78931
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 81.105
© 1983-2011 Reuters Research Inc. All Rights Reserved.
Corporate Overview
Location
1-12-1, Yuraku-cho
Chiyoda-ku, 100-8405
Japan
Tel: 81-3-32185509
Fax: 81 (3) 3201-5390
Web: www.agc.com
Quote Symbol - Exchange
5201 - Tokyo Stock
Exchange
Sales JPY(mil): 1,288,947.0
Assets JPY(mil): 1,764,026.0
Employees: 50,523
Fiscal Year End: 31-Dec-2010
Industry: Construction
- Supplies and Fixtures
Incorporation Date: 01-Jun-1950
Company Type: Public
Parent
Quoted Status: Quoted
President, Chief
Executive Officer and
Director: Masahiro
Kadomatsu
Company Web Links
· Corporate History/Profile
· Financial Information
· 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:
1811 - Industrial Gas Manufacturing
2439 - Other Electrical Equipment Manufacturing
2029 - Other Ceramic Product Manufacturing
2010 - Glass and Glass Product Manufacturing
NACE 2002 Codes:
2611 - Manufacture of flat glass
3162 - Manufacture of other electrical equipment not elsewhere
classified
2413 - Manufacture of other inorganic basic chemicals
2626 - Manufacture of refractory ceramic products
NAICS 2002 Codes:
325181 - Alkalies and Chlorine Manufacturing
335999 - All Other Miscellaneous Electrical Equipment and Component
Manufacturing
327211 - Flat Glass Manufacturing
327124 - Clay Refractory Manufacturing
US SIC 1987:
2812 - Alkalies and Chlorine
3699 - Electrical Machinery, Equipment, and Supplies, Not
Elsewhere Classified
3255 - Clay Refractories
3211 - Flat Glass
UK SIC 2003:
2611 - Manufacture of flat glass
3162 - Manufacture of other electrical equipment not elsewhere
classified
2413 - Manufacture of other inorganic basic chemicals
2626 - Manufacture of refractory ceramic products
Business Description
Asahi Glass
Company, Limited is a Japan-based glass manufacturer. The Company has four
business segments. The Glass segment manufactures and sells sheet glass, glass
for automobiles, as well as glass for illumination and industry use, among
others. The Electronics and Display segment is involved in the manufacture and
sale of glass substrates for liquid crystal use, glass for plasma display
panels (PDPs), glass frits, parts for semiconductor manufacturing equipment,
optoelectronics parts and synthetic silica products, among others. The Chemical
segment offers chloride vinyl monomers, sodium hydroxide, urethane raw materials,
fluorine resin and glass, battery materials and iodine products, among others.
The Others segment provides ceramic products, as well as logistics and
financial services. For the nine months ended 30 September 2011, Asahi Glass
Company, Limited's revenues decreased 5% to Y915.65B. The Company's net income
decreased 31% to Y76.02B. Revenues reflect lower sales mainly from glass
business segment. Net income also suffered from unfavorable gross and operating
profit margins, the presence of the loss on disaster, as well as the highly
increased gain on sale of fixed assets.
More Business Descriptions
· Manufacture of glass for construction materials and automobiles and display glass for cathode ray tubes, liquid crystal displays, plasma display panels and other applications; chemicals
· Asahi Glass Co (Japan) manufactures flat glass; glass tubes for CRTs, optics and electronics materials for construction and automotive applications. The group specialises in four core technologies: glass materials, glass production, fluorine chemistry and surface coating technologies. Asahi's electronics and display division produces high-purity silicon carbide and synthetic quartz glass for semiconductors and opto-electronics for LCDs (liquid crystal display). Its chemical division specialises in producing soda ash, which is used in float glass, glass products, detergents and the food industry.
· Glass and Glass Product Manufacturing
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Strategic Initiatives
Partnerships
This could impact the
company’ overall profitability.Strategic AlliancesA strategic alliance offers
a strong growth opportunity for the company, especially while foraying new
markets or launching new products or services. In the year 2010, AGC and TOSTEM
CORPORATION (TOSTEM) formed a business alliance to develop, manufacture, and
sell a new high-performance window in the glass industry market domain. In
accordance with the alliance the company established a joint-venture company in
October 2010 and also entered in plans to set up two more joint businesses with
start-up targeted for February 2011. In 2009, the company formed a joint
development partnership with SEMATECH, a global consortium of the world’s
leading chip manufacturers to accelerate mask blank commercialization. The
company partnered up with SEMATECH on methods for improving extreme ultraviolet
(EUV) mask blank yield to accelerate commercial manufacturing readiness.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
Asahi Glass Company Ltd., (Asahi Glass) is engaged in the manufacturing and marketing of glass, chemicals, ceramics and electronic components. The company’s strong product portfolio and geographic diversification are its strengths. Furthermore, strategic alliances and photovoltaic power generation could ensure a strong future. However, its limited operating margin and liquidity position are areas of concern for the company. A highly competitive market and global economic slowdown could also affect the company’s growth.
Strengths
A wide geographical presence helps the company mitigate the various risks associated with the over dependence on a particular market. The company’s operations are spanned across various geographic regions which include Asia, Japan, Europe and North America. Geographically the company’s operations are divided in four segments, namely, Japan, Asia, the Americas and Europe. During fiscal year ended December 2010, the Japan segment contributed JPY 777.6 billion to the total sales followed by Asia (JPY 495.7 billion), the Americas (JPY 86 billion) and Europe (JPY 233 billion). A wide geographic presence decreases the business risk of the company. This also acts as an easy route for the expansion plans of the company, as a wider reach in terms of geography would mean reaping more benefits eventually improving the profit margins, attaining economies of scale and recognition on a worldwide basis.
Asahi Glass boasts of a strong product portfolio that helps it cater to the needs of a diversified customer base. Although it is a glass manufacturing company, it has diversified its operations into various industries. It engages in the manufacturing and marketing of chemicals, ceramics and electronic components. It operates through four business segments, namely, Electronics and Display operations, Glass Products, Chemicals Operations, and Other Operations. The Electronics and Display segment is engaged in the manufacture and sale of glass for flat-panel displays (FPDs) and cathode-ray tubes (CRTs), glass frits, parts for semiconductor manufacturing equipment, synthetic silica products, optoelectronics parts and printed circuit boards (PCBs). The Glass Products segment is engaged in the processing, manufacture and sale of glass fiber products, chemicals and medical products and it consists of automotive glass and flat glass businesses. The automotive glass business is engaged in the manufacture of glass for trains, cars and other mass transport systems. The flat glass business is engaged in the manufacture of ordinary sheet glass and also develops a range of glass that reflects heat or possesses insulating properties that meets specific building construction needs. The Chemicals Operations segment consists of chlor-alkali and urethane and the fluoro-chemicals and the specialty chemicals businesses. Through its ceramics product segment the company is involved in the development and manufacturing of ceramics and others.
The company has performed well ahead of expectations in the fiscal year 2010. After reporting losses in FY 2009 compared to 2008, the company generated revenues of JPY 1,288 billion, an increase of 12% over the last year with operating income increasing by 164% to JPY 229 billion over the previous year. Further, the net income of the company stood at JPY 123 billion, an increase of 516% over the previous year. This improved the company’s overall cash flows and its liquidity position from JPY 95 billion to JPY 152 billion. The improved performance was contributed by all its operating segments which have shown steady growth. The improved financial and liquidity position help the company in meeting the short term obligations arising due to geographic and operational expansions.
Weaknesses
The increase in net profits improved the cash & cash equivalents of the company. However, the non-cash component of the total current assets is still huge. For the fiscal year 2010, the company reported total current assets of JPY 626 billion; of which the cash & cash equivalent component stood at JPY 91 billion while the rest were non-cash components which included Trade Receivables, Inventories and Market Securities. The Market securities increased from JPY 20 billion to JPY 68 billion while Receivables increased by JPY 12.4 billion in the same period. With the economic slowdown gripping across all the major developed regions like the Europe and Japan, the chances for delayed payments and defaults are high. This could impact the company’ overall profitability.
Opportunities
A strategic alliance offers a strong growth opportunity for the company, especially while foraying new markets or launching new products or services. In the year 2010, AGC and TOSTEM CORPORATION (TOSTEM) formed a business alliance to develop, manufacture, and sell a new high-performance window in the glass industry market domain. In accordance with the alliance the company established a joint-venture company in October 2010 and also entered in plans to set up two more joint businesses with start-up targeted for February 2011. In 2009, the company formed a joint development partnership with SEMATECH, a global consortium of the world’s leading chip manufacturers to accelerate mask blank commercialization. The company partnered up with SEMATECH on methods for improving extreme ultraviolet (EUV) mask blank yield to accelerate commercial manufacturing readiness. Further, Tokyo Institute of Technology AGC launched AGC Collaborative Research Division for Glass and Inorganic Materials in the materials and structures laboratory of Tokyo Tech. The partnership would allow the industry to have access to high quality EUV mask blanks in order to stay on its time line for EUV lithography introduction. In addition this would serve the needs of industrial partners of chip manufacturers thus increasing the demand for the company’s products.
Positive
Outlook for Solar PV Market
The company could leverage on the rising demand for photovoltaic power generation to drive its top line growth. The company is engaged in producing glass for solar cells. The solar PV market has been rapidly evolving. The worldwide market for solar energy is growing rapidly at an annual growth rate exceeding 30%. The key drivers for growth include the increasing importance of renewable sources of energy and climate change, incentives provided by local governments and increasing electricity consumption. The global solar PV installed capacity has increased year-over-year during the last decade. From a mere 1,268 MW in the year 2001, the global solar PV installed capacity reached over 22 GW as of 2010, at a CAGR of 42.62%. Further, the solar power industry revenue are expected to increase to USD 53.6 billion by 2013, respectively. In the long run, the solar PV market in Europe is expected to reach a cumulative installed capacity of 158 GW by 2020, growing at a CAGR of 30.7% during the period 2016-20. North America's solar PV market is expected to grow at a higher CAGR of 47.7% during the period 2015-20 and reach an aggregate capacity of 76,744 MW by 2020. To leverage this growing opportunity the company established a new furnace for the cover glass of solar cells (production capacity: 240 tons/day; 7 million m²/year) and an AR coating line at subsidiary AGC Flat Glass (Suzhou) Co., Ltd. The long-term growth potential for the solar PV industry opens several avenues of growth and development for AGC.
Growing
Demand for Ceramic Products
The company has an opportunity to capitalize on the growing demand for ceramic products. The demand for advanced ceramic products is expected to be high in the coming years. Demand for advanced ceramics in the US is forecasted to grow 3.8% annually through 2012. Growth in the key electronic component market will be based on materials substitution, as ceramics gain use over alternatives. The medical product market is expected to grow the fastest, benefiting from the increasing use of ceramics in joint implants and dental procedures. Demand for ceramic types, such as alumina, titanate, ferrite, zirconate, and silicon products, is expected to be high. Increasing demand for ceramic products could increase the sales of the company.
Threats
Currency
Fluctuations and Operational Risk
The company has worldwide operations, which expose it to currency and operational risk. Due to its operations in various geographies, the company faces increased risk from currency fluctuations. The international operations of the company expose it to several risks including unfavorable economic, market, political, and social conditions; fluctuation in foreign currency exchange rates, adverse changes in tax laws, and natural or man-made disasters. If the business conditions of a particular country in which the company operates turn adverse, then the performance of the company could be severely affected. Moreover, any unfavorable fluctuations in currency could also increase its costs associated with operations outside its domestic country.
The operations of the company are subject to several rules and regulations. The company is required to comply with various commercial and environmental regulations in terms of manufacturing and finished products. It needs to meet different guidelines such as the European Union Directive for the Restriction on the Use of Hazardous Substances (RoHS), REACH (Registration Evaluation and Authorization of Chemicals) and Waste Electrical and Electronic Equipment (WEEE). The RoHS directive restricts the use of certain substances and chemicals in products. REACH regulates the chemical products manufactured and marketed in Europe and may require phasing out many existing chemicals from the market which may be regarded as toxic and hazardous. The WEEE directive requires the producers of electrical goods, including computers and printers to collect, recycle, treat and dispose its products in an ecologically-friendly manner. The failure of the company to comply with such regulations will have an adverse impact on the operations of the company.
The company could be impacted due to the growing competition in the market. Asahi Glass faces competition from large multi-national corporations and offshore product providers in low-cost locations. The company also expects additional competition as they are planning to address new markets. To survive the intense competition, companies may be forced to lower their prices or if demand for services decreases, the business and financial condition would be adversely affected. In addition, the company has to frequently compete with the client’s own internal business process and information technology capabilities. Hence, Asahi Glass should be well equipped to face such competition and still maintain its market position.
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Corporate
Family |
Corporate
Structure News: |
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Asahi Glass
Company, Limited |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chiyoda-ku |
Japan |
Construction - Supplies and Fixtures |
14,682.3 |
50,523 |
|
|
Subsidiary |
Bor, Nizhegorodskaya Oblast |
Russian Federation |
Personal and Household Products |
180.5 |
4,930 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Construction - Supplies and Fixtures |
762.2 |
2,357 |
|
|
Subsidiary |
Teplice |
Czech Republic |
Construction - Supplies and Fixtures |
578.3 |
3,810 |
|
|
Subsidiary |
St Cloud |
France |
Construction - Supplies and Fixtures |
309.1 |
599 |
|
|
Subsidiary |
Fougeres |
France |
Construction - Supplies and Fixtures |
20.4 |
149 |
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|
Subsidiary |
Laneuveville Devant Nancy |
France |
Construction - Supplies and Fixtures |
20.0 |
74 |
|
|
Subsidiary |
Nantes |
France |
Construction - Supplies and Fixtures |
|
74 |
|
|
Subsidiary |
Niort |
France |
Construction - Supplies and Fixtures |
|
74 |
|
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Subsidiary |
Bon Encontre |
France |
Construction - Supplies and Fixtures |
16.0 |
34 |
|
|
Subsidiary |
Voreppe |
France |
Construction - Supplies and Fixtures |
10.5 |
34 |
|
|
Subsidiary |
Cuneo |
Italy |
Construction - Supplies and Fixtures |
1.0 |
384 |
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Subsidiary |
Cuneo, Cuneo |
Italy |
Construction - Supplies and Fixtures |
73.6 |
374 |
|
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Subsidiary |
Barcelona |
Spain |
Construction - Supplies and Fixtures |
57.5 |
262 |
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Subsidiary |
Palma De Mallorca, Baleares |
Spain |
Construction - Supplies and Fixtures |
2.8 |
12 |
|
|
Subsidiary |
Mol |
Belgium |
Construction - Supplies and Fixtures |
37.4 |
225 |
|
|
Subsidiary |
Oostende |
Belgium |
Office Equipment |
57.7 |
181 |
|
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Subsidiary |
Barcelona |
Spain |
Personal and Household Products |
58.1 |
166 |
|
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Subsidiary |
St Priest |
France |
Construction - Supplies and Fixtures |
21.6 |
149 |
|
|
Subsidiary |
Mery Sur Seine |
France |
Construction - Supplies and Fixtures |
|
149 |
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Subsidiary |
Lissewege |
Belgium |
Construction - Supplies and Fixtures |
27.6 |
120 |
|
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Subsidiary |
Athus |
Belgium |
Construction - Supplies and Fixtures |
13.7 |
113 |
|
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Subsidiary |
Heule |
Belgium |
Construction - Supplies and Fixtures |
13.3 |
105 |
|
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Subsidiary |
Bruxelles |
Belgium |
Construction - Supplies and Fixtures |
65.4 |
78 |
|
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Subsidiary |
Collegien |
France |
Construction - Supplies and Fixtures |
20.9 |
78 |
|
|
Subsidiary |
Sint-Pieters-Leeuw |
Belgium |
Construction - Supplies and Fixtures |
16.9 |
67 |
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Subsidiary |
Bruxelles |
Belgium |
Construction - Supplies and Fixtures |
99.5 |
62 |
|
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Subsidiary |
Heule |
Belgium |
Construction - Supplies and Fixtures |
15.1 |
46 |
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Subsidiary |
Grand-Hallet |
Belgium |
Construction - Supplies and Fixtures |
5.6 |
36 |
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Subsidiary |
Herstal |
Belgium |
Paper and Paper Products |
4.8 |
34 |
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Subsidiary |
Puurs |
Belgium |
Construction - Supplies and Fixtures |
9.6 |
27 |
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Subsidiary |
Beveren-Waas |
Belgium |
Hotels and Motels |
0.0 |
25 |
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Subsidiary |
Dampremy |
Belgium |
Trucking |
1.4 |
18 |
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Subsidiary |
Zottegem |
Belgium |
Retail (Home Improvement) |
0.0 |
15 |
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Subsidiary |
Sleidinge |
Belgium |
Retail (Grocery) |
0.0 |
18 |
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Subsidiary |
Melle |
Belgium |
Construction Services |
7.3 |
13 |
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Subsidiary |
Stambruges |
Belgium |
Construction and Agriculture Machinery |
0.0 |
13 |
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Subsidiary |
Mol |
Belgium |
Construction - Raw Materials |
8.9 |
10 |
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Subsidiary |
Thuin |
Belgium |
Miscellaneous Capital Goods |
5.8 |
9 |
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Subsidiary |
Maasmechelen |
Belgium |
Construction Services |
1.2 |
4 |
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Subsidiary |
Lendelede |
Belgium |
Business Services |
0.0 |
3 |
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Subsidiary |
Zaventem |
Belgium |
Miscellaneous Capital Goods |
1.0 |
2 |
|
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Subsidiary |
PARIS LA DEFENSE CEDEX |
France |
Personal and Household Products |
250.0 |
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Subsidiary |
Teplice |
Czech Republic |
Personal and Household Products |
125.0 |
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Subsidiary |
Tiel |
Netherlands |
Construction - Supplies and Fixtures |
75.0 |
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Subsidiary |
Moustier-Sur-Sambre |
Belgium |
Construction - Supplies and Fixtures |
73.3 |
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Subsidiary |
Mechelen |
Belgium |
Retail (Specialty) |
19.8 |
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Subsidiary |
Zellik |
Belgium |
Retail (Specialty) |
0.7 |
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Subsidiary |
Mouscron |
Belgium |
Furniture and Fixtures |
0.0 |
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Subsidiary |
Hamme (Vl.) |
Belgium |
Construction Services |
0.0 |
|
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Subsidiary |
North Jakarta |
Indonesia |
Construction - Supplies and Fixtures |
267.1 |
1,555 |
|
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Subsidiary |
Jakarta |
Indonesia |
Chemicals - Plastics and Rubber |
|
1,075 |
|
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Subsidiary |
Gurgaon |
India |
Construction - Supplies and Fixtures |
345.7 |
1,042 |
|
|
Subsidiary |
Douliu |
Taiwan |
Personal and Household Products |
1.0 |
1,000 |
|
|
Subsidiary |
Yunki-Kun |
Korea, Republic of |
Personal and Household Products |
269.4 |
425 |
|
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Subsidiary |
Amphur Muang, Chon Buri |
Thailand |
Personal and Household Products |
1.0 |
350 |
|
|
Subsidiary |
Chuo-ku |
Japan |
Chemical Manufacturing |
170.3 |
302 |
|
|
Subsidiary |
Minato-ku, Tokyo |
Japan |
|
|
230 |
|
|
Subsidiary |
Municipio de el Salto, Jalisco |
Mexico |
Miscellaneous Capital Goods |
291.0 |
200 |
|
|
Subsidiary |
Fleurus |
Belgium |
Construction - Supplies and Fixtures |
630.0 |
161 |
|
|
Subsidiary |
Tokyo |
Japan |
Personal and Household Products |
182.4 |
155 |
|
|
Subsidiary |
Bekasi |
Indonesia |
Personal and Household Products |
|
10 |
|
|
Subsidiary |
Ichihara-shi, Chiba |
Japan |
Chemical Manufacturing |
|
61 |
|
|
Subsidiary |
Singapore |
Singapore |
Construction - Supplies and Fixtures |
184.0 |
35 |
|
|
Subsidiary |
Alpharetta, GA |
United States |
Personal and Household Products |
1,000.0 |
25 |
|
|
Subsidiary |
Bellefontaine, OH |
United States |
Personal and Household Products |
|
500 |
|
|
Branch |
Elizabethtown, KY |
United States |
Construction - Supplies and Fixtures |
172.3 |
650 |
|
|
Branch |
Ypsilanti, MI |
United States |
Retail (Home Improvement) |
5.0 |
25 |
|
|
Subsidiary |
Kingsport, TN |
United States |
Personal and Household Products |
1,000.0 |
380 |
|
|
Branch |
Richmond, KY |
United States |
Construction - Supplies and Fixtures |
94.1 |
240 |
|
|
Branch |
Marietta, GA |
United States |
Construction - Supplies and Fixtures |
46.8 |
130 |
|
|
Branch |
Salt Lake City, UT |
United States |
Construction - Supplies and Fixtures |
36.0 |
100 |
|
|
Branch |
Hebron, OH |
United States |
Retail (Home Improvement) |
14.3 |
71 |
|
|
Branch |
Carbondale, PA |
United States |
Construction - Supplies and Fixtures |
12.2 |
60 |
|
|
Branch |
Albuquerque, NM |
United States |
Construction - Supplies and Fixtures |
11.8 |
51 |
|
|
Branch |
Quakertown, PA |
United States |
Furniture and Fixtures |
27.9 |
50 |
|
|
Branch |
Abingdon, VA |
United States |
Retail (Home Improvement) |
10.1 |
50 |
|
|
Branch |
Scotia, NY |
United States |
Construction - Supplies and Fixtures |
7.9 |
22 |
|
|
Subsidiary |
Bellefontaine, OH |
United States |
Auto and Truck Parts |
|
150 |
|
|
Subsidiary |
Exton, PA |
United States |
Chemicals - Plastics and Rubber |
350.0 |
145 |
|
|
Branch |
Downingtown, PA |
United States |
Miscellaneous Capital Goods |
18.9 |
20 |
|
|
Subsidiary |
Hillsboro, OR |
United States |
Electronic Instruments and Controls |
|
115 |
|
|
Subsidiary |
Alpharetta, GA |
United States |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Hong Kong, Hong Kong |
Hong Kong |
Construction - Supplies and Fixtures |
|
20 |
|
|
Subsidiary |
Bor |
Russian Federation |
Personal and Household Products |
254.9 |
|
|
|
Subsidiary |
Gumi |
Korea, Republic of |
Personal and Household Products |
94.5 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
Funabashi |
Japan |
Personal and Household Products |
1.0 |
|
|
|
Subsidiary |
Haibara Gun |
Japan |
Construction Services |
1.0 |
|
|
|
Subsidiary |
Ichihara |
Japan |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
Chonburi |
Thailand |
Personal and Household Products |
1.0 |
|
|
|
Subsidiary |
Bekasi, West Java |
Indonesia |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Nhongmaidang Muang, Chonburi |
Thailand |
Construction - Supplies and Fixtures |
|
|
|
|
Joint Venture |
Bangplakod Prasamutjedee, Samut Prakan |
Thailand |
Miscellaneous Capital Goods |
|
|
Executives Report
|
Board of
Directors |
|
|
|
|
|||||
|
Managing Executive Officer, Manager of President's Office, Dir |
Director/Board Member |
|
|||||
|
||||||||
|
Senior Managing Executive Officer, Representative Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Executives |
|
|
|
|
|||||
|
President, Chief Executive Officer and
Director |
Chief Executive Officer |
|
|||||
|
General Manager-Planning |
Division Head Executive |
|
|||||
|
Co-Executive Officer |
Division Head Executive |
|
|||||
|
General Manager-Electronics & Energy |
Division Head Executive |
|
|||||
|
General Manager-Research |
Division Head Executive |
|
|||||
|
General Manager of Environmental and Social Responsibility |
Managing Director |
|
|||||
|
||||||||
|
General Manager of Electronics and Energy General Division |
Managing Director |
|
|
||||
|
||||||||
|
General Manager of Business Management, Chemicals Company |
Managing Director |
|
|
||||
|
Senior Managing Executive Officer, Representative Director |
Managing Director |
|
|
||||
|
||||||||
|
General Manager of Technology Development and Electronics & Energy
General |
Managing Director |
|
|
||||
|
Executive Officer and General Manager-Legal |
Managing Director |
|
|
||||
|
Co-Senior Executive Officer |
Operations Executive |
|
|
||||
|
Senior Executive Vice President of Global Operations |
Operations Executive |
|
|
||||
|
Executive Officer |
Administration Executive |
|
|
||||
|
Senior Executive Vice President and Chief Financial Officer |
Finance Executive |
|
|
||||
|
Co-Auditor |
Finance Executive |
|
|
||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||
|
Corporate Communications and Investor Relations |
Public Relations Executive |
|
|
||||
|
President of Asahi Glass Fine Techno Taiwan Co., Ltd |
Information Executive |
|
|
||||
|
Executive Officer, Chief Senior Director of Business in Chemical
Product Company |
Other |
|
|
||||
|
Executive Officer and GM of Electronics and Energy General Division |
Other |
|
|
||||
|
Managing Executive Officer, Chief Director of Europe Business in Glass
Company, President of Subsidiary |
Other |
|
|
||||
|
Managing Executive Officer, Manager of Human Resources and General
Affairs Office |
Other |
|
|
||||
|
Executive Officer, Chief Director of Japan and Asia Business in Glass
Company |
Other |
|
|
||||
|
Managing Executive Officer, Chief Director of North America Business
in Glass Company |
Other |
|
|
||||
|
||||||||
|
Managing Executive Officer |
Other |
|
|
||||
|
||||||||
|
Executive Officer |
Other |
|
|
||||
|
Executive Officer, Chief Director of Electronics Business in Electric
Company |
Other |
|
|
||||
|
Executive Officer, Manager of CSR Office |
Other |
|
|
||||
|
Executive Officer, Leader of Biz Planning Group in President's Office |
Other |
|
|
||||
|
President of Display Company |
Other |
|
|
||||
|
||||||||
|
Executive Officer |
Other |
|
|
||||
|
Vice President of Flat Glass Company, Regional President of Japan/Asia
Pacific |
Other |
|
|
||||
|
Executive Officer, President of Chemicals Company |
Other |
|
|
||||
|
Executive Officer, President of Subsidiary |
Other |
|
|
||||
|
Executive Officer, Manager of Materials & Logistics Center |
Other |
|
|
||||
|
Managing Executive Officer, Chief Director of Electric Glass Business
in Electric Company |
Other |
|
|
||||
|
Executive Officer, Director of Central Research Institute |
Other |
|
|
||||
|
Managing Executive Officer, Chief Director of Display Business,
President of Electrics Company |
Other |
|
|
||||
|
Executive Officer, Vice President of Glass Company |
Other |
|
|
||||
|
Acting President of Flat Glass Company |
Other |
|
|
||||
|
Managing Executive Officer, Manager of Finance and Accounting Office |
Other |
|
|
||||
|
Executive Officer, Senior Director of Production in Main Electric
Company Business Unit |
Other |
|
|
||||
|
Executive Officer, Manager of Legal Affairs Office |
Other |
|
|
||||
|
Managing Executive Officer, Vice President of Glass Company, Leader of
Brazil Global Project Team |
Other |
|
|
||||
Significant Developments
Asahi Glass
Company, Limited Lowers Consolidated Full-year Forecast for FY 2011 Nov 04,
2011
Asahi Glass
Company, Limited announced that it has lowered the consolidated full-year
forecast for revenue from JPY 1,280,000 million to JPY 1,250,000 million,
operating profit from JPY 200,000 million to JPY 170,000 million, ordinary
profit from JPY 195,000 million to JPY 165,000 million, net profit from JPY
115,000 million to JPY 90,000 million and earning per share from JPY 98.55 to
JPY 77.20 for the fiscal year ending December 31, 2011. The Company lowered the
consolidated full-year outlook due to the downturn in economy and the
aggravated order environment, as well as impact of the Thailand's floods.
According to I/B/E/S Estimates, analysts were expecting the Company to report
revenue of JPY 1,264.58 billion and net profit of JPY 113.87 billion for the
fiscal year ending December 31, 2011.
EU Commission
Fines Asahi Glass Company, Limited And Others EUR128 Million In Cartel Case-DJ
Oct 19, 2011
Dow Jones reported
that the European Commission and three companies that produce cathode ray tubes
glass settled on a cartel case. Japanese firms Asahi Glass Company, Limited and
Nippon Electric Glass Co., Ltd. and Germany's Schott AG have been fined a total
of EUR128.736 million for forming a cartel in the production of the glass that
is used for television and computer screens. Asahi Glass was fined EUR45.135
million, Nippon Electric EUR43.2 million and Schott AG EUR40. 401 million. The
fines were calculated on the basis of the damage inflicted on European
consumers by the cartel operation. A fourth company also involved in the
cartel, Korea's Samsung Corning Precision Materials, was granted immunity by
the European competition watchdog for acting as a whistleblower. The fine for
the other three firms was reduced by 10% because they acknowledged their
participation in the cartel.
R&I Affirms
Rating on Asahi Glass Company, Limited at "AA"; Rating Outlook Stable
Apr 28, 2011
Rating and
Investment Information, Inc. (R&I) announced that it has affirmed the
rating on Asahi Glass Company, Limited at "AA". The rating outlook is
stable.
Asahi Glass
Company, Limited Announces Payment of Year-end Dividend for FY 2010 Feb 09,
2011
Asahi Glass
Company, Limited announced that it has decided to pay a year-end dividend of
JPY 14.00 per share, above the last forecast of JPY 12.00 per share, to all
shareholders of record as of December 31, 2010, for the fiscal year ended
December 31, 2010. The payment will be conducted on March 31, 2011.
Asahi Glass
Company, Limited Establishes New Subsidiary-Jiji Press Dec 26, 2010
Jiji Press
reported that Asahi Glass Company, Limited has established a new subsidiary in
Beijing, to support development and investment of business.
Asahi Glass
Company, Limited to Discontinue Certain Business; Expects Extraordinary Losses
for FY Ending December 2010 Dec 24, 2010
Asahi Glass
Company, Limited announced that it will discontinue cathode-ray tube(CRT) glass
business. The Company has expected the extraordinary loss of JPY 9.5 billion
caused by permanent closure of the furnaces for CRT glass production and the
termination of sales of CRT glass products at one of its subsidiary, Hankuk
Electric Glass Co., Ltd., for the fiscal year ending December 2010. The Company
also has expected the extraordinary loss of JPY 7.5 billion caused by depletion
loss on fixed asset in electrical parts-related business, for the fiscal year
ending December 2010. Therefore, the Company has expected the extraordinary
losses of JPY 17 billion in total for the fiscal year ending December 2010.
Asahi Glass
Company, Limited Establishes Joint Venture with TOSTEM Corporation-Jiji Press
Dec 07, 2010
Jiji Press
reported that Asahi Glass Company, Limited has formed a 50-50 joint venture
with JS Group Corporation's subsidiary, TOSTEM Corporation in October 2010. The
joint venture will be engaged in manufacturing and development of
well-insulated windows. Asahi Glass Company and JS Group Corporation have also
decided to establish two more joint ventures on February 1, 2011.
Press clippings
Asahi Glass Co Ltd Files Patent Application for
Method for Producing Carbonate Compound
Indian Patent News
16 November 2011
[What follows is the full text of the article.]
New Delhi, Nov. 16
-- Japan based Asahi Glass Co Ltd filed patent application for method for
producing carbonate compound. The inventors are Okamoto Hidekazu, Tajima Kouhei
and Okazoe Takashi.
Asahi Glass Co Ltd
filed the patent application on June 2, 2010. The patent application number is
3907/DELNP/2010 A. The international classification number is C07C 68/00.
According to the
Controller General of Patents, Designs & Trade Marks, "The present
invention is to provide a production process capable of selectively producing
various kinds of fluorine-containing carbonate compounds without any inhibition
in high yields without using phosgene and without producing hydrogen chloride
as a byproduct The present invention relates to a process for producing a
fluorine-containing compound having a carbonate bond by reacting a compound
with a fluorine-containing compound having an OH group. In the forrmula shown
below, X1 to X6 each represents a hydrogen atom or a halogen atom, at least one
of X1 to X3 is a halogen atom, and at least one of X4 to X6 is a halogen
atom."
About the Company
Asahi Kasei Corp
is a Japanese company. The main products are chemicals and materials science.
The company has around 25,000 employees and had consolidated sales of 1.7
trillion in 2008. It was founded in May 1931, using the paid in capital of
Nobeoka Ammonia Fiber Co, Ltd, a Nobeoka, Miyazaki based producer of ammonia,
nitric acid, and other chemicals. Now headquartered in Tokyo, with offices and
plants across Japan, as well as China, Singapore, Thailand, U.S.A. and Germany.
It is listed on the Tokyo Stock Exchange and is part of the Nikkei 225 index.
JAPAN: Asahi Glass
to donate US$383,000 for Thai flood relief
just-auto.com
02 November 2011
[What follows is
the full text of the article.]
Asahi Glass Group
will donate JPY 30m (US$383,000) to support for the people affected by the
flooding in Thailand.
The AGC Group has
been active in Thailand since 1964 when it established its first Thai
subsidiary
This article was
originally published by just-auto.com on 2 November 2011. For authoritative and
timely auto business information visit http://www.just-auto.com.
Asahi Glass Co. Ltd Receives Patent for Bipolar Ion
Exchange Membrane Electrolytic Cell
Indian Patent News
24 October 2011
[What follows is the full text of the article.]
New Delhi, Oct. 24
-- Asahi Glass Co. Ltd received patent for bipolar ion exchange membrane
electrolytic cell on April 25, 2008. The patent number issued by the Indian
Patent Office is 219079.
Asahi Glass Co.
Ltd had filed patent application number IN/PCT/2000/244/KOL for bipolar ion
exchange membrane electrolytic cell on Aug. 23, 2000. The inventors of the
patent are Kimura Tatsuhito, Ishizaka Hajime and Hachiya Kiyoshi.
The International
classification number is C25B11/02.
The PCT
International application number of the patent is PCT/JP99/07283 and the
application was filed on Dec. 24, 1999.
According to the
Controller General of Patents, Designs & Trade Marks, "A multi-pole
ion exchange membrane electrolytic bath which is low in electric resistance and
simple and which can minimize a pole-to-pole distance by a low-cost movable
mechanism to significantly reduce an electrolytic voltage, the electrolytic
bath comprising a plurality of chamber frames disposed with cation exchange
membranes sandwiched there between, each chamber frame being formed by joining
an anode chamber frame with a cathode chamber frame with their respective
backgrounds set back to back, each anode chamber frame comprising an anode
plate and an anode background which are disposed almost in parallel to each
other with a space there between and conductive anode support members disposed
between the anode plate and the anode background at specified intervals, each
cathode chamber frame comprising a cathode plate and a cathode background which
are disposed almost in parallel to each other with a space there between and
conductive cathode support members disposed between the cathode plate and the
cathode background at specified intervals, characterized in that at least each
cathode support member consists of a flexible element which acts to support the
cathode plate displacably."
About the Company
Asahi Glass Co.,
Ltd. or AGC is a Japanese manufacturing company. It is one of the core
Mitsubishi companies. Founded in 1907 by Toshiya Iwasaki, the second son of the
second president of the original Mitsubishi Zaibatsu. It was the first Japanese
producer of sheet glass. Asahi Glass Co. is one of the largest flat glass
producing companies in the world, owning Glaverbel glass plants across Europe
and AFG Industries in North America, and influences the industry as a whole.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
Revenue |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
Total Revenue |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,545.8 |
8,833.6 |
9,912.2 |
10,188.8 |
10,467.8 |
|
Cost of Revenue, Total |
9,545.8 |
8,833.6 |
9,912.2 |
10,188.8 |
10,467.8 |
|
Gross Profit |
5,136.4 |
3,430.9 |
4,056.7 |
4,087.1 |
3,463.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,353.0 |
1,151.0 |
1,384.2 |
1,298.2 |
1,206.4 |
|
Labor & Related Expense |
723.8 |
763.5 |
723.1 |
729.4 |
684.6 |
|
Total Selling/General/Administrative Expenses |
2,076.8 |
1,914.5 |
2,107.3 |
2,027.6 |
1,891.0 |
|
Research & Development |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Depreciation |
- |
94.6 |
76.1 |
75.0 |
65.3 |
|
Amortization of Acquisition Costs |
- |
15.6 |
19.1 |
19.5 |
68.1 |
|
Depreciation/Amortization |
- |
110.3 |
95.1 |
94.6 |
133.4 |
|
Restructuring Charge |
175.4 |
266.4 |
225.1 |
374.6 |
494.6 |
|
Impairment-Assets Held for Use |
197.8 |
267.3 |
187.0 |
236.9 |
433.4 |
|
Other Unusual Expense (Income) |
56.9 |
-0.9 |
24.1 |
316.9 |
67.8 |
|
Unusual Expense (Income) |
430.0 |
532.8 |
436.2 |
928.4 |
995.8 |
|
Total Operating Expense |
12,501.4 |
11,871.4 |
12,915.4 |
13,527.7 |
13,752.7 |
|
|
|
|
|
|
|
|
Operating Income |
2,180.9 |
393.1 |
1,053.4 |
748.3 |
178.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-71.5 |
-108.4 |
-139.9 |
-157.0 |
-159.8 |
|
Interest Expense, Net Non-Operating |
-71.5 |
-108.4 |
-139.9 |
-157.0 |
-159.8 |
|
Interest Income -
Non-Operating |
14.5 |
18.5 |
31.8 |
32.2 |
32.5 |
|
Investment Income -
Non-Operating |
39.7 |
131.7 |
-256.6 |
158.4 |
248.4 |
|
Interest/Investment Income - Non-Operating |
54.2 |
150.2 |
-224.7 |
190.6 |
280.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-17.3 |
41.8 |
-364.7 |
33.6 |
121.2 |
|
Gain (Loss) on Sale of Assets |
18.2 |
30.8 |
48.3 |
86.9 |
36.8 |
|
Other Non-Operating Income (Expense) |
7.1 |
-33.0 |
-59.3 |
-0.7 |
-7.3 |
|
Other, Net |
7.1 |
-33.0 |
-59.3 |
-0.7 |
-7.3 |
|
Income Before Tax |
2,188.8 |
432.6 |
677.8 |
868.1 |
329.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
719.6 |
211.8 |
241.0 |
255.9 |
52.7 |
|
Income After Tax |
1,469.3 |
220.8 |
436.9 |
612.2 |
276.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-66.1 |
-7.3 |
-57.9 |
-20.9 |
110.4 |
|
Net Income Before Extraord Items |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
Net Income |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,167.4 |
1,167.6 |
1,168.4 |
1,173.3 |
1,172.9 |
|
Basic EPS Excl Extraord Items |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Basic/Primary EPS Incl Extraord Items |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
9.7 |
9.8 |
|
Diluted Net Income |
1,403.2 |
213.5 |
378.9 |
601.0 |
396.7 |
|
Diluted Weighted Average Shares |
1,259.0 |
1,173.1 |
1,169.0 |
1,260.2 |
1,260.3 |
|
Diluted EPS Excl Extraord Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
Diluted EPS Incl Extraord Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
Dividends per Share - Common Stock Primary Issue |
0.30 |
0.17 |
0.23 |
0.14 |
0.14 |
|
Gross Dividends - Common Stock |
345.7 |
199.5 |
271.0 |
199.3 |
161.3 |
|
Interest Expense, Supplemental |
71.5 |
108.4 |
139.9 |
157.0 |
159.8 |
|
Depreciation, Supplemental |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Total Special Items |
427.9 |
517.7 |
406.9 |
861.0 |
1,027.2 |
|
Normalized Income Before Tax |
2,616.7 |
950.3 |
1,084.7 |
1,729.1 |
1,356.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
135.4 |
245.8 |
137.9 |
248.0 |
153.6 |
|
Inc Tax Ex Impact of Sp Items |
855.0 |
457.7 |
378.8 |
503.9 |
206.3 |
|
Normalized Income After Tax |
1,761.7 |
492.6 |
705.9 |
1,225.2 |
1,150.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,695.7 |
485.3 |
647.9 |
1,204.3 |
1,260.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.45 |
0.42 |
0.55 |
1.03 |
1.07 |
|
Diluted Normalized EPS |
1.35 |
0.41 |
0.55 |
0.96 |
1.01 |
|
Amort of Acquisition Costs, Supplemental |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Research & Development Exp, Supplemental |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Reported Operating Profit |
2,610.9 |
925.9 |
1,489.6 |
1,676.6 |
1,174.4 |
|
Reported Ordinary Profit |
2,583.5 |
931.5 |
1,061.5 |
1,595.3 |
1,156.2 |
|
Normalized EBIT |
2,610.9 |
925.9 |
1,489.6 |
1,676.7 |
1,174.4 |
|
Normalized EBITDA |
3,879.5 |
2,401.4 |
2,817.4 |
2,840.4 |
2,325.0 |
|
Interest Cost - Domestic |
98.3 |
96.8 |
91.2 |
86.0 |
82.4 |
|
Service Cost - Domestic |
95.1 |
80.9 |
107.2 |
89.3 |
95.0 |
|
Prior Service Cost - Domestic |
-16.4 |
-17.5 |
-16.4 |
-13.8 |
-5.2 |
|
Expected Return on Assets - Domestic |
-57.4 |
-54.9 |
-69.1 |
-60.6 |
-56.1 |
|
Actuarial Gains and Losses - Domestic |
65.2 |
84.0 |
12.2 |
3.7 |
9.4 |
|
Other Pension, Net - Domestic |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Total Pension Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Discount Rate - Domestic |
2.50% |
2.50% |
2.50% |
2.50% |
- |
|
Expected Rate of Return - Domestic |
2.80% |
3.50% |
3.50% |
3.50% |
- |
|
Total Plan Interest Cost |
98.3 |
96.8 |
91.2 |
86.0 |
82.4 |
|
Total Plan Service Cost |
95.1 |
80.9 |
107.2 |
89.3 |
95.0 |
|
Total Plan Expected Return |
-57.4 |
-54.9 |
-69.1 |
-60.6 |
-56.1 |
|
Total Plan Other Expense |
- |
- |
- |
- |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.105 |
93.095 |
90.65 |
111.715 |
119.155 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,128.1 |
901.8 |
924.1 |
737.6 |
676.5 |
|
Short Term Investments |
838.4 |
214.8 |
0.0 |
- |
- |
|
Cash and Short Term Investments |
1,966.5 |
1,116.6 |
924.1 |
737.6 |
676.5 |
|
Accounts Receivable -
Trade, Gross |
2,934.0 |
2,422.0 |
2,301.1 |
2,564.2 |
2,476.4 |
|
Provision for Doubtful
Accounts |
-62.4 |
-60.6 |
-57.1 |
-54.7 |
-59.5 |
|
Trade Accounts Receivable - Net |
2,871.6 |
2,361.5 |
2,244.1 |
2,509.5 |
2,416.9 |
|
Total Receivables, Net |
2,871.6 |
2,361.5 |
2,244.1 |
2,509.5 |
2,416.9 |
|
Inventories - Finished Goods |
913.9 |
834.1 |
1,178.2 |
- |
- |
|
Inventories - Work In Progress |
477.6 |
371.7 |
546.9 |
- |
- |
|
Inventories - Raw Materials |
782.8 |
690.6 |
780.3 |
- |
- |
|
Total Inventory |
2,174.4 |
1,896.4 |
2,505.3 |
2,127.6 |
2,083.3 |
|
Prepaid Expenses |
- |
56.9 |
101.1 |
63.1 |
68.4 |
|
Deferred Income Tax - Current Asset |
264.5 |
176.4 |
218.8 |
136.3 |
137.2 |
|
Other Current Assets |
452.6 |
391.6 |
544.9 |
487.0 |
684.0 |
|
Other Current Assets, Total |
717.1 |
567.9 |
763.8 |
623.3 |
821.2 |
|
Total Current Assets |
7,729.6 |
5,999.3 |
6,538.4 |
6,061.1 |
6,066.2 |
|
|
|
|
|
|
|
|
Buildings |
6,558.6 |
5,875.6 |
5,790.8 |
5,174.9 |
4,579.6 |
|
Land/Improvements |
994.6 |
898.0 |
1,045.4 |
1,003.4 |
1,040.7 |
|
Machinery/Equipment |
19,402.5 |
17,183.7 |
16,667.9 |
15,315.6 |
13,842.7 |
|
Construction in
Progress |
800.9 |
1,162.1 |
1,453.8 |
1,111.8 |
1,242.6 |
|
Leases |
55.1 |
60.3 |
0.0 |
- |
- |
|
Property/Plant/Equipment - Gross |
27,811.6 |
25,179.6 |
24,957.9 |
22,605.8 |
20,705.5 |
|
Accumulated Depreciation |
-17,190.9 |
-15,208.3 |
-14,383.3 |
-13,178.6 |
-12,245.0 |
|
Property/Plant/Equipment - Net |
10,620.7 |
9,971.4 |
10,574.6 |
9,427.2 |
8,460.5 |
|
Goodwill, Net |
214.2 |
169.2 |
214.8 |
201.0 |
232.2 |
|
Intangibles, Net |
272.6 |
219.8 |
239.4 |
203.8 |
251.0 |
|
LT Investment - Affiliate Companies |
445.2 |
429.8 |
- |
- |
- |
|
LT Investments - Other |
1,864.3 |
1,716.6 |
1,906.1 |
2,572.1 |
2,617.1 |
|
Long Term Investments |
2,309.5 |
2,146.4 |
1,906.1 |
2,572.1 |
2,617.1 |
|
Note Receivable - Long Term |
67.7 |
72.9 |
74.0 |
77.6 |
63.4 |
|
Deferred Charges |
- |
- |
0.0 |
1.9 |
1.9 |
|
Deferred Income Tax - Long Term Asset |
383.9 |
396.9 |
508.9 |
223.7 |
155.4 |
|
Other Long Term Assets |
151.7 |
164.4 |
162.5 |
101.7 |
192.1 |
|
Other Long Term Assets, Total |
535.6 |
561.4 |
671.5 |
327.3 |
349.4 |
|
Total Assets |
21,749.9 |
19,140.3 |
20,218.7 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,533.2 |
1,388.2 |
1,824.5 |
1,583.9 |
1,511.7 |
|
Accrued Expenses |
350.6 |
272.4 |
408.9 |
267.9 |
240.9 |
|
Notes Payable/Short Term Debt |
424.9 |
397.1 |
2,585.8 |
981.4 |
1,210.8 |
|
Current Portion - Long Term Debt/Capital Leases |
816.2 |
341.0 |
617.8 |
1,118.0 |
569.6 |
|
Security Deposits |
358.5 |
293.3 |
345.2 |
262.7 |
259.7 |
|
Income Taxes Payable |
596.9 |
191.1 |
116.6 |
360.9 |
84.4 |
|
Other Payables |
540.3 |
441.3 |
609.7 |
578.4 |
716.8 |
|
Deferred Income Tax - Current Liability |
- |
13.1 |
13.2 |
4.2 |
2.9 |
|
Other Current Liabilities |
338.7 |
267.2 |
444.7 |
612.9 |
589.9 |
|
Other Current liabilities, Total |
1,834.4 |
1,206.0 |
1,529.4 |
1,819.1 |
1,653.8 |
|
Total Current Liabilities |
4,959.4 |
3,604.7 |
6,966.5 |
5,770.3 |
5,186.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
4,988.7 |
5,678.4 |
3,388.8 |
2,655.9 |
3,044.2 |
|
Total Long Term Debt |
4,988.7 |
5,678.4 |
3,388.8 |
2,655.9 |
3,044.2 |
|
Total Debt |
6,229.9 |
6,416.5 |
6,592.5 |
4,755.2 |
4,824.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
186.1 |
143.0 |
148.4 |
282.0 |
508.7 |
|
Deferred Income Tax |
186.1 |
143.0 |
148.4 |
282.0 |
508.7 |
|
Minority Interest |
496.8 |
563.3 |
549.5 |
649.1 |
682.0 |
|
Reserves |
208.5 |
150.0 |
262.1 |
229.9 |
176.2 |
|
Pension Benefits - Underfunded |
734.6 |
694.6 |
664.2 |
547.9 |
586.3 |
|
Other Long Term Liabilities |
194.6 |
186.8 |
174.6 |
188.0 |
214.4 |
|
Other Liabilities, Total |
1,137.7 |
1,031.5 |
1,100.9 |
965.8 |
976.8 |
|
Total Liabilities |
11,768.8 |
11,020.9 |
12,154.3 |
10,323.1 |
10,398.6 |
|
|
|
|
|
|
|
|
Common Stock |
1,120.4 |
976.1 |
1,002.5 |
813.3 |
759.3 |
|
Common Stock |
1,120.4 |
976.1 |
1,002.5 |
813.3 |
759.3 |
|
Additional Paid-In Capital |
1,211.2 |
1,052.2 |
1,077.0 |
871.3 |
810.5 |
|
Retained Earnings (Accumulated Deficit) |
9,231.9 |
6,970.7 |
7,283.4 |
5,670.0 |
4,894.3 |
|
Treasury Stock - Common |
-267.1 |
-227.2 |
-233.2 |
-125.6 |
-115.8 |
|
Unrealized Gain (Loss) |
476.4 |
454.3 |
238.1 |
932.1 |
1,026.7 |
|
Translation Adjustment |
-1,791.7 |
-1,106.7 |
-1,303.3 |
385.9 |
266.2 |
|
Other Equity, Total |
-1,791.7 |
-1,106.7 |
-1,303.3 |
385.9 |
266.2 |
|
Total Equity |
9,981.1 |
8,119.4 |
8,064.5 |
8,547.0 |
7,641.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
21,749.9 |
19,140.3 |
20,218.8 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
Total Common Shares Outstanding |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
Treasury Shares - Common Stock Primary Issue |
19.7 |
19.1 |
19.0 |
13.1 |
13.1 |
|
Employees |
50,399 |
47,618 |
47,770 |
49,710 |
54,228 |
|
Number of Common Shareholders |
49,042 |
49,302 |
53,395 |
42,347 |
46,407 |
|
Total Long Term Debt, Supplemental |
5,899.2 |
6,035.5 |
4,006.7 |
3,773.8 |
3,613.8 |
|
Long Term Debt Maturing within 1 Year |
910.5 |
357.1 |
617.8 |
1,118.0 |
569.6 |
|
Long Term Debt Maturing in Year 2 |
1,730.9 |
962.1 |
517.7 |
482.9 |
1,081.9 |
|
Long Term Debt Maturing in Year 3 |
635.8 |
1,791.3 |
703.7 |
451.6 |
452.4 |
|
Long Term Debt Maturing in Year 4 |
1,225.2 |
627.2 |
667.0 |
384.6 |
389.8 |
|
Long Term Debt Maturing in Year 5 |
249.7 |
1,051.0 |
437.2 |
451.2 |
589.8 |
|
Long Term Debt Maturing in 2-3 Years |
2,366.7 |
2,753.4 |
1,221.4 |
934.4 |
1,534.4 |
|
Long Term Debt Maturing in 4-5 Years |
1,474.9 |
1,678.3 |
1,104.2 |
835.8 |
979.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
1,147.1 |
1,246.8 |
1,063.3 |
885.6 |
530.3 |
|
Total Capital Leases, Supplemental |
39.8 |
35.8 |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
3.0 |
2.6 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
4.7 |
3.5 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
2.9 |
2.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
2.3 |
2.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
2.1 |
2.0 |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
7.6 |
5.7 |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
4.4 |
4.1 |
- |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
24.7 |
23.4 |
- |
- |
- |
|
Pension Obligation - Domestic |
3,650.3 |
3,247.8 |
3,294.4 |
2,853.9 |
2,882.7 |
|
Plan Assets - Domestic |
2,459.2 |
2,141.4 |
1,953.1 |
2,503.4 |
2,509.7 |
|
Funded Status - Domestic |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Total Funded Status |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Discount Rate - Domestic |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
2.80% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Prepaid Benefits - Domestic |
5.3 |
3.3 |
3.6 |
2.5 |
1.6 |
|
Accrued Liabilities - Domestic |
-730.9 |
-690.3 |
-659.5 |
-544.0 |
-575.4 |
|
Other Assets, Net - Domestic |
-465.5 |
-419.4 |
-685.4 |
191.0 |
200.8 |
|
Net Assets Recognized on Balance Sheet |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.5 |
-373.0 |
|
Total Plan Obligations |
3,650.3 |
3,247.8 |
3,294.4 |
2,853.9 |
2,882.7 |
|
Total Plan Assets |
2,459.2 |
2,141.4 |
1,953.1 |
2,503.4 |
2,509.7 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
2,188.9 |
432.6 |
677.8 |
868.0 |
329.2 |
|
Depreciation |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Depreciation/Depletion |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Amortization of Acquisition Costs |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Amortization |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Unusual Items |
164.3 |
240.2 |
134.8 |
34.5 |
292.5 |
|
Equity in Net Earnings (Loss) |
-24.9 |
4.8 |
6.1 |
-32.9 |
-28.6 |
|
Other Non-Cash Items |
111.9 |
-168.3 |
81.8 |
322.1 |
88.1 |
|
Non-Cash Items |
251.2 |
76.8 |
222.7 |
323.7 |
352.0 |
|
Accounts Receivable |
-278.6 |
-151.0 |
440.9 |
-188.4 |
145.4 |
|
Inventories |
-140.3 |
568.5 |
-221.0 |
-20.1 |
25.7 |
|
Accounts Payable |
40.8 |
-418.6 |
53.5 |
157.3 |
-162.4 |
|
Other Operating Cash Flow |
-76.6 |
-53.8 |
-521.0 |
-221.5 |
-347.5 |
|
Changes in Working Capital |
-454.7 |
-54.9 |
-247.6 |
-272.7 |
-338.8 |
|
Cash from Operating Activities |
3,254.0 |
1,930.0 |
1,980.6 |
2,082.8 |
1,492.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,301.1 |
-1,423.4 |
-2,458.6 |
-2,082.0 |
-2,081.4 |
|
Capital Expenditures |
-1,301.1 |
-1,423.4 |
-2,458.6 |
-2,082.0 |
-2,081.4 |
|
Acquisition of Business |
-27.3 |
0.0 |
- |
- |
- |
|
Sale of Business |
0.0 |
7.8 |
0.0 |
171.5 |
0.0 |
|
Sale of Fixed Assets |
41.7 |
73.6 |
84.4 |
245.6 |
124.3 |
|
Sale/Maturity of Investment |
412.3 |
537.8 |
490.4 |
266.6 |
270.4 |
|
Purchase of Investments |
-546.7 |
-376.8 |
-625.7 |
-317.8 |
-133.5 |
|
Other Investing Cash Flow |
1.2 |
-53.3 |
-10.3 |
-65.5 |
-6.3 |
|
Other Investing Cash Flow Items, Total |
-118.7 |
189.0 |
-61.1 |
300.4 |
254.8 |
|
Cash from Investing Activities |
-1,419.8 |
-1,234.4 |
-2,519.7 |
-1,781.6 |
-1,826.6 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-47.4 |
-21.2 |
-23.5 |
6.3 |
2.5 |
|
Financing Cash Flow Items |
-47.4 |
-21.2 |
-23.5 |
6.3 |
2.5 |
|
Cash Dividends Paid - Common |
-266.0 |
-249.4 |
-249.0 |
-198.6 |
-171.7 |
|
Total Cash Dividends Paid |
-266.0 |
-249.4 |
-249.0 |
-198.6 |
-171.7 |
|
Repurchase/Retirement
of Common |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Common Stock, Net |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Issuance (Retirement) of Stock, Net |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Short Term Debt, Net |
14.9 |
-2,140.7 |
1,408.1 |
13.4 |
391.8 |
|
Long Term Debt Issued |
5.4 |
3,334.5 |
860.7 |
751.0 |
654.1 |
|
Long Term Debt
Reduction |
-848.1 |
-1,243.5 |
-1,212.4 |
-873.3 |
-564.2 |
|
Long Term Debt, Net |
-842.7 |
2,091.0 |
-351.7 |
-122.3 |
89.9 |
|
Issuance (Retirement) of Debt, Net |
-827.9 |
-49.8 |
1,056.4 |
-109.0 |
481.7 |
|
Cash from Financing Activities |
-1,148.1 |
-321.4 |
711.4 |
-306.4 |
308.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-37.6 |
11.4 |
-99.9 |
2.3 |
13.4 |
|
Net Change in Cash |
648.4 |
385.6 |
72.5 |
-3.0 |
-11.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,092.0 |
638.5 |
505.6 |
446.9 |
464.3 |
|
Net Cash - Ending Balance |
1,740.4 |
1,024.0 |
578.1 |
443.9 |
452.4 |
|
Cash Interest Paid |
73.3 |
111.2 |
141.9 |
157.4 |
157.9 |
|
Cash Taxes Paid |
297.2 |
84.2 |
539.1 |
61.8 |
503.4 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net sales |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
Total Revenue |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
|
|
|
|
|
|
|
Cost of Sales |
9,545.8 |
8,833.6 |
9,912.2 |
10,188.8 |
10,467.8 |
|
Shipping Cost |
642.1 |
534.5 |
613.5 |
584.6 |
502.2 |
|
Salary |
601.7 |
660.1 |
636.7 |
637.0 |
593.9 |
|
Accrued Bonuses |
56.8 |
39.5 |
40.8 |
48.7 |
35.9 |
|
Res/Accr.Retirement |
65.3 |
64.0 |
45.6 |
43.7 |
54.8 |
|
Travel Expenses |
- |
72.6 |
83.1 |
83.4 |
77.3 |
|
Depreciation |
- |
94.6 |
76.1 |
75.0 |
65.3 |
|
R&D Expenses |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Amort. of Goodwill |
- |
15.6 |
19.1 |
19.5 |
68.1 |
|
Other SGA |
710.9 |
543.9 |
687.7 |
630.3 |
626.8 |
|
SP G.Return Pension |
- |
- |
- |
- |
0.0 |
|
SP Rev.Res.Restruct. |
- |
- |
- |
0.0 |
-26.7 |
|
SP Gain on negative goodwill |
-11.9 |
0.0 |
- |
- |
- |
|
SP Rev.Allow. for repairment |
0.0 |
-9.0 |
0.0 |
- |
- |
|
SP Rev. EU Antitrust Allow. |
- |
0.0 |
-31.6 |
0.0 |
- |
|
SP Other Special Gain |
-9.5 |
-4.6 |
-3.9 |
-30.1 |
-57.2 |
|
SP L on retirment fixed assets |
56.4 |
71.4 |
71.7 |
75.1 |
41.8 |
|
SP Impairment Loss |
141.4 |
195.9 |
115.3 |
161.8 |
391.6 |
|
SP Restructuring |
175.4 |
266.4 |
225.1 |
374.6 |
494.6 |
|
SP Environ.Cost |
- |
- |
- |
0.0 |
25.3 |
|
SP Reserve for EU Antitrust Related |
- |
- |
0.0 |
275.1 |
0.0 |
|
SP Other Special Loss |
78.3 |
12.7 |
59.7 |
71.9 |
126.4 |
|
Total Operating Expense |
12,501.4 |
11,871.4 |
12,915.4 |
13,527.7 |
13,752.7 |
|
|
|
|
|
|
|
|
NOP Interest Income |
14.5 |
18.5 |
31.8 |
32.2 |
32.5 |
|
NOP Dividend Income |
29.9 |
29.9 |
38.5 |
31.2 |
26.9 |
|
NOP Equity G in Earnings |
24.9 |
0.0 |
0.0 |
32.9 |
28.6 |
|
NOP Exchange Gain |
0.0 |
103.4 |
0.0 |
0.0 |
60.9 |
|
NOP Other Non-Op. Income |
29.0 |
75.3 |
91.5 |
71.0 |
65.2 |
|
NOP Interest Expense |
-71.3 |
-107.2 |
-135.4 |
-147.0 |
-143.6 |
|
NOP Commercial Paper Interest Expense |
-0.2 |
-1.2 |
-4.5 |
-9.9 |
-16.2 |
|
NOP Bond Issue Cost |
0.0 |
-30.3 |
0.0 |
- |
- |
|
NOP Exchange Loss |
-32.3 |
0.0 |
-293.1 |
-19.9 |
0.0 |
|
NOP Equity Loss |
0.0 |
-4.8 |
-6.1 |
0.0 |
- |
|
NOP Other Non-Op. Exp. |
-21.9 |
-78.0 |
-150.7 |
-71.8 |
-72.5 |
|
SP Gain/Fix. Asset Sale |
18.2 |
30.8 |
48.3 |
86.9 |
36.8 |
|
SP Gain/Inv. Secs. Sale |
16.0 |
0.0 |
6.4 |
28.1 |
132.0 |
|
SP Gain Sale Sub.Stock |
1.2 |
3.1 |
0.0 |
86.0 |
0.0 |
|
SP Loss sale affiliate stock |
- |
- |
- |
- |
0.0 |
|
SP Loss Sale Sub.Stock |
- |
0.0 |
-2.3 |
0.0 |
- |
|
Net Income Before Taxes |
2,188.8 |
432.6 |
677.8 |
868.1 |
329.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
719.6 |
211.8 |
241.0 |
255.9 |
52.7 |
|
Net Income After Taxes |
1,469.3 |
220.8 |
436.9 |
612.2 |
276.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-66.1 |
-7.3 |
-57.9 |
-20.9 |
110.4 |
|
Net Income Before Extra. Items |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
Net Income |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
|
|
|
|
|
|
|
Earning Adjustment |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Bonus to Director |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,167.4 |
1,167.6 |
1,168.4 |
1,173.3 |
1,172.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Basic EPS Including ExtraOrdinary Item |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
9.7 |
9.8 |
|
Diluted Net Income |
1,403.2 |
213.5 |
378.9 |
601.0 |
396.7 |
|
Diluted Weighted Average Shares |
1,259.0 |
1,173.1 |
1,169.0 |
1,260.2 |
1,260.3 |
|
Diluted EPS Excluding ExtraOrd Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
Diluted EPS Including ExtraOrd Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
DPS-Common Stock |
0.30 |
0.17 |
0.23 |
0.14 |
0.14 |
|
Gross Dividends - Common Stock |
345.7 |
199.5 |
271.0 |
199.3 |
161.3 |
|
Normalized Income Before Taxes |
2,616.7 |
950.3 |
1,084.7 |
1,729.1 |
1,356.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
855.0 |
457.7 |
378.8 |
503.9 |
206.3 |
|
Normalized Income After Taxes |
1,761.7 |
492.6 |
705.9 |
1,225.2 |
1,150.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,695.7 |
485.3 |
647.9 |
1,204.3 |
1,260.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.45 |
0.42 |
0.55 |
1.03 |
1.07 |
|
Diluted Normalized EPS |
1.35 |
0.41 |
0.55 |
0.96 |
1.01 |
|
R&D Expense |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Interest Expense |
71.3 |
107.2 |
135.4 |
147.0 |
143.6 |
|
Commercial Paper Interest Expense |
0.2 |
1.2 |
4.5 |
9.9 |
16.2 |
|
Depreciation |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Amort of goodwill |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Reported Operating Profit |
2,610.9 |
925.9 |
1,489.6 |
1,676.6 |
1,174.4 |
|
Reported Ordinary Profit |
2,583.5 |
931.5 |
1,061.5 |
1,595.3 |
1,156.2 |
|
Service Cost |
95.1 |
80.9 |
107.2 |
89.3 |
95.0 |
|
Interest Cost |
98.3 |
96.8 |
91.2 |
86.0 |
82.4 |
|
Expected Return on Plan Assets |
-57.4 |
-54.9 |
-69.1 |
-60.6 |
-56.1 |
|
Actuarial Gains and Losses |
65.2 |
84.0 |
12.2 |
3.7 |
9.4 |
|
Prior Service Cost |
-16.4 |
-17.5 |
-16.4 |
-13.8 |
-5.2 |
|
G/L on Return of Pension Plan |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Total Pension Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Discount Rate |
2.50% |
2.50% |
2.50% |
2.50% |
- |
|
Plan asset expected rate of return |
2.80% |
3.50% |
3.50% |
3.50% |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.105 |
93.095 |
90.65 |
111.715 |
119.155 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash& Deposit |
1,128.1 |
901.8 |
924.1 |
737.6 |
676.5 |
|
Note&Acct.Rcvbl. |
2,934.0 |
2,422.0 |
2,301.1 |
2,564.2 |
2,476.4 |
|
Marketable Secs. |
838.4 |
214.8 |
0.0 |
- |
- |
|
Inventories |
- |
- |
- |
2,127.6 |
2,083.3 |
|
Inventories-merchandise&finished goods |
913.9 |
834.1 |
1,178.2 |
- |
- |
|
Inventories-work in process |
477.6 |
371.7 |
546.9 |
- |
- |
|
Inventories-raw material&supplies |
782.8 |
690.6 |
780.3 |
- |
- |
|
Advance |
- |
8.8 |
12.8 |
10.5 |
15.4 |
|
Prepaid Expenses |
- |
48.1 |
88.3 |
52.6 |
53.0 |
|
Deferred Taxes |
264.5 |
176.4 |
218.8 |
136.3 |
137.2 |
|
Other Current |
452.6 |
391.6 |
544.9 |
487.0 |
684.0 |
|
Bad Debt Allow. |
-62.4 |
-60.6 |
-57.1 |
-54.7 |
-59.5 |
|
Total Current Assets |
7,729.6 |
5,999.3 |
6,538.4 |
6,061.1 |
6,066.2 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
6,558.6 |
5,875.6 |
5,790.8 |
5,174.9 |
4,579.6 |
|
Buildings & structures, dep. |
-3,571.6 |
-3,132.4 |
-3,049.5 |
-2,678.1 |
- |
|
Machineries, equip., & vehicle, gross |
18,213.5 |
16,134.9 |
15,600.6 |
14,368.1 |
12,912.3 |
|
Machineries, equip., & vehicle, dep. |
-12,583.8 |
-11,167.9 |
-10,443.4 |
-9,722.2 |
- |
|
Tools, furniture, & fixtures, gross |
1,188.9 |
1,048.7 |
1,067.4 |
947.5 |
930.3 |
|
Tools, furniture, & fixtures, dep. |
-1,022.5 |
-895.6 |
-890.4 |
-778.3 |
- |
|
Land |
994.6 |
898.0 |
1,045.4 |
1,003.4 |
1,040.7 |
|
Lease, gross |
55.1 |
60.3 |
0.0 |
- |
- |
|
Depre.- lease |
-13.0 |
-12.3 |
0.0 |
- |
- |
|
Constr.-in-Prog. |
800.9 |
1,162.1 |
1,453.8 |
1,111.8 |
1,242.6 |
|
Depreciation |
- |
- |
- |
- |
-12,245.0 |
|
Goodwill |
214.2 |
169.2 |
214.8 |
201.0 |
232.2 |
|
Other Intangible |
272.6 |
219.8 |
239.4 |
203.8 |
251.0 |
|
Investment Secs. |
1,864.3 |
1,716.6 |
1,906.1 |
2,572.1 |
2,617.1 |
|
Equity secs.-nonconsol affil.&sub. |
445.2 |
429.8 |
- |
- |
- |
|
LT Loans |
67.7 |
72.9 |
74.0 |
77.6 |
63.4 |
|
LT Prepaid Exp. |
24.1 |
24.6 |
46.7 |
37.3 |
52.5 |
|
Deferred Taxes |
383.9 |
396.9 |
508.9 |
223.7 |
155.4 |
|
Other Asset |
160.7 |
162.3 |
135.9 |
86.2 |
170.6 |
|
Bad Debt Allow. |
-33.0 |
-22.5 |
-19.9 |
-21.8 |
-30.9 |
|
Deferred share issue expenses |
- |
- |
0.0 |
0.1 |
0.2 |
|
Deferred bond issue expenses |
- |
- |
0.0 |
1.8 |
1.8 |
|
Deferred development expenses |
- |
- |
- |
0.0 |
0.0 |
|
Adjustment |
-0.1 |
- |
-0.1 |
-0.1 |
-0.1 |
|
Total Assets |
21,749.9 |
19,140.3 |
20,218.7 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
Note&Acct. Pay. |
1,533.2 |
1,388.2 |
1,824.5 |
1,583.9 |
1,511.7 |
|
Short-term loans payable |
330.7 |
381.0 |
2,193.5 |
869.0 |
724.8 |
|
Current LT Debt |
413.9 |
307.0 |
132.5 |
125.4 |
158.1 |
|
Commercial Paper |
94.2 |
16.1 |
392.3 |
112.4 |
486.0 |
|
Curr.Port. Bond |
402.4 |
34.0 |
485.3 |
116.0 |
411.5 |
|
Convertible bonds (current) |
- |
- |
0.0 |
876.6 |
0.0 |
|
Other Payable |
540.3 |
441.3 |
609.7 |
578.4 |
716.8 |
|
Accrued Expenses |
252.8 |
203.0 |
325.5 |
195.7 |
180.0 |
|
Income Tax Pybl. |
596.9 |
191.1 |
116.6 |
360.9 |
84.4 |
|
Sec.Deposit |
358.5 |
291.9 |
342.8 |
260.3 |
256.9 |
|
Employee Deposit |
- |
1.4 |
2.5 |
2.5 |
2.8 |
|
Deferred Taxes |
- |
13.1 |
13.2 |
4.2 |
2.9 |
|
Res. Accrued Bonus |
96.0 |
68.0 |
81.5 |
70.6 |
59.9 |
|
Reserve for director's bonuses |
1.8 |
1.4 |
1.9 |
1.6 |
1.0 |
|
Repair Allow. |
38.9 |
30.2 |
26.2 |
24.7 |
17.1 |
|
Res.Restruct. |
22.1 |
50.7 |
12.6 |
72.3 |
58.1 |
|
Reserve for restructuring expenses |
- |
- |
- |
- |
0.0 |
|
Reserve for EU Antitrust realted |
- |
0.0 |
160.2 |
298.4 |
- |
|
Other |
277.7 |
186.4 |
245.7 |
217.6 |
514.7 |
|
Total Current Liabilities |
4,959.4 |
3,604.7 |
6,966.5 |
5,770.3 |
5,186.8 |
|
|
|
|
|
|
|
|
Corporate Bond |
1,630.6 |
1,774.0 |
1,054.5 |
1,259.2 |
1,885.4 |
|
Bond with stock purchase warrants |
1,233.0 |
1,074.2 |
0.0 |
- |
- |
|
Long Term Debt |
2,125.2 |
2,830.3 |
2,334.3 |
1,396.6 |
1,158.9 |
|
Total Long Term Debt |
4,988.7 |
5,678.4 |
3,388.8 |
2,655.9 |
3,044.2 |
|
|
|
|
|
|
|
|
Deferred Taxes |
186.1 |
143.0 |
148.4 |
282.0 |
508.7 |
|
Res.Retire.Benef |
730.9 |
690.3 |
659.5 |
544.0 |
575.4 |
|
Res.Dir.'s Reitr |
3.7 |
4.3 |
4.7 |
3.9 |
10.9 |
|
Repair Reserve |
59.0 |
77.7 |
206.8 |
163.3 |
158.1 |
|
Restruct. Rsrv. |
149.5 |
72.4 |
55.3 |
66.5 |
18.1 |
|
Other Fix Liab. |
194.6 |
186.8 |
174.6 |
188.0 |
214.4 |
|
Minority Int. |
496.8 |
563.3 |
549.5 |
649.1 |
682.0 |
|
Total Liabilities |
11,768.8 |
11,020.9 |
12,154.3 |
10,323.1 |
10,398.6 |
|
|
|
|
|
|
|
|
Common Stock |
1,120.4 |
976.1 |
1,002.5 |
813.3 |
759.3 |
|
Paid-in-Capital |
1,195.5 |
1,041.5 |
1,069.6 |
867.8 |
810.4 |
|
Retained Earning |
9,231.9 |
6,970.7 |
7,283.4 |
5,670.0 |
4,894.3 |
|
Treasury Shares |
-267.1 |
-227.2 |
-233.2 |
-125.6 |
-115.8 |
|
Unrlzd. Gain/Sec |
475.4 |
457.5 |
279.4 |
913.3 |
1,034.9 |
|
Deferred hedge gain/loss |
1.0 |
-3.2 |
-42.0 |
18.2 |
-8.7 |
|
Val. Excess Land |
- |
0.0 |
0.7 |
0.6 |
0.5 |
|
Foreign Currency |
-1,791.7 |
-1,106.7 |
-1,303.3 |
385.9 |
266.2 |
|
New Stock Subscription Right |
15.7 |
10.7 |
7.4 |
3.5 |
0.0 |
|
Total Equity |
9,981.1 |
8,119.4 |
8,064.5 |
8,547.0 |
7,641.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
21,749.9 |
19,140.3 |
20,218.8 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
Total Common Shares Outstanding |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
T/S-Common Stock |
19.7 |
19.1 |
19.0 |
13.1 |
13.1 |
|
Full-Time Employees |
50,399 |
47,618 |
47,770 |
49,710 |
54,228 |
|
Number of Common Shareholders |
49,042 |
49,302 |
53,395 |
42,347 |
46,407 |
|
LT debt maturing within 1yr |
910.5 |
357.1 |
617.8 |
1,118.0 |
569.6 |
|
LT debt maturing within 2yr |
1,730.9 |
962.1 |
517.7 |
482.9 |
1,081.9 |
|
LT debt maturing within 3yr |
635.8 |
1,791.3 |
703.7 |
451.6 |
452.4 |
|
LT debt maturing within 4yr |
1,225.2 |
627.2 |
667.0 |
384.6 |
389.8 |
|
LT debt maturing within 5yr |
249.7 |
1,051.0 |
437.2 |
451.2 |
589.8 |
|
LT debt maturing thereafter |
1,147.1 |
1,246.8 |
1,063.3 |
885.6 |
530.3 |
|
Total Long Term Debt, Supplemental |
5,899.2 |
6,035.5 |
4,006.7 |
3,773.8 |
3,613.8 |
|
Capital lease maturing within 1yr |
3.0 |
2.6 |
- |
- |
- |
|
Capital lease maturing within 2yr |
4.7 |
3.5 |
- |
- |
- |
|
Capital lease maturing within 3yr |
2.9 |
2.1 |
- |
- |
- |
|
Capital lease maturing within 4yr |
2.3 |
2.1 |
- |
- |
- |
|
Capital lease maturing within 5yr |
2.1 |
2.0 |
- |
- |
- |
|
Capital lease remaining |
24.7 |
23.4 |
- |
- |
- |
|
Total Capital Leases |
39.8 |
35.8 |
- |
- |
- |
|
Pension Obligation |
3,650.3 |
3,247.8 |
3,294.4 |
2,853.9 |
2,882.7 |
|
Fair Value of Plan Assets |
2,459.2 |
2,141.4 |
1,953.1 |
2,503.4 |
2,509.7 |
|
Funded Status |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Total Funded Status |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Discount Rate |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return |
2.80% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Reserve for Accrued Retirement Benefits |
-730.9 |
-690.3 |
-659.5 |
-544.0 |
-575.4 |
|
Prepaid Pension Benefits |
5.3 |
3.3 |
3.6 |
2.5 |
1.6 |
|
Unrecognized Actuarial Gains and Losses |
-689.1 |
-628.7 |
-896.2 |
1.8 |
122.8 |
|
Unrecognized Prior Service Cost |
223.6 |
209.3 |
210.8 |
189.2 |
78.0 |
|
Net Assets Recognized on Balance Sheet |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.5 |
-373.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
2,188.9 |
432.6 |
677.8 |
868.0 |
329.2 |
|
Depreciation |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Impairment Loss |
141.4 |
195.9 |
115.3 |
161.8 |
391.6 |
|
Amort. of Goodwill |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Reserves |
14.3 |
-160.1 |
-209.5 |
225.9 |
35.8 |
|
Int.&Div. Income |
-44.5 |
-48.5 |
-70.3 |
-63.4 |
-59.4 |
|
Interest Expense & commercial paper |
- |
- |
- |
157.0 |
159.8 |
|
Interest Expense |
71.3 |
107.2 |
135.4 |
- |
- |
|
Exchange Loss |
70.8 |
-66.9 |
230.9 |
6.7 |
-45.2 |
|
Equity in Earnings |
-24.9 |
4.8 |
6.1 |
-32.9 |
-28.6 |
|
Sale/valuation of investment securities |
-15.3 |
3.7 |
-3.8 |
- |
- |
|
Sale/retirement of fixed assets |
38.2 |
40.6 |
23.3 |
- |
- |
|
Sale of Secs.&Asset |
- |
- |
- |
-127.3 |
-99.1 |
|
Receivables |
-278.6 |
-151.0 |
440.9 |
-188.4 |
145.4 |
|
Inventories |
-140.3 |
568.5 |
-221.0 |
-20.1 |
25.7 |
|
Payables |
40.8 |
-418.6 |
53.5 |
157.3 |
-162.4 |
|
Others |
229.7 |
66.5 |
76.6 |
-78.5 |
251.9 |
|
Int.&Div. Received |
64.1 |
75.0 |
83.4 |
76.2 |
62.0 |
|
Interest Paid |
-73.3 |
-111.2 |
-141.9 |
-157.4 |
-157.9 |
|
Income Tax Paid |
-297.2 |
-84.2 |
-570.8 |
-211.6 |
-503.4 |
|
Income tax refund |
- |
- |
31.7 |
149.8 |
0.0 |
|
Cash Reconciliation |
- |
- |
-4.6 |
-4.0 |
-2.9 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
3,254.0 |
1,930.0 |
1,980.6 |
2,082.8 |
1,492.9 |
|
|
|
|
|
|
|
|
Time Depo.Made |
-363.7 |
-373.9 |
-508.5 |
-272.2 |
-81.4 |
|
Time Depo.Matured |
372.6 |
535.5 |
445.7 |
241.6 |
43.6 |
|
Capital Expenditures |
-1,301.1 |
-1,423.4 |
-2,458.6 |
-2,082.0 |
-2,081.4 |
|
Sale of Property |
41.7 |
73.6 |
84.4 |
245.6 |
124.3 |
|
Purch./Inv. Secs. |
-19.9 |
-2.9 |
-117.2 |
-45.6 |
-52.2 |
|
Purchase of investments in subsidiaries |
-163.1 |
0.0 |
- |
- |
- |
|
Proc./Inv. Secs. |
39.7 |
2.3 |
44.7 |
25.0 |
226.8 |
|
Pay-Purch. sub's sec.(consol. change) |
-28.6 |
0.0 |
- |
- |
- |
|
Pro.-Purch. sub's sec.(consol. change) |
1.3 |
0.0 |
- |
- |
- |
|
Sale subsidiaries' securities(con. chang |
0.0 |
7.8 |
0.0 |
171.5 |
0.0 |
|
Outflow due to sale subsidiaries' securi |
- |
- |
0.0 |
-35.3 |
0.0 |
|
Other |
1.2 |
-53.3 |
-10.3 |
-30.3 |
-6.3 |
|
Cash from Investing Activities |
-1,419.8 |
-1,234.4 |
-2,519.7 |
-1,781.6 |
-1,826.6 |
|
|
|
|
|
|
|
|
ST Loans/Com. Paper |
14.9 |
-2,140.7 |
1,408.1 |
13.4 |
391.8 |
|
Proc./Long Term Debt |
5.4 |
1,522.6 |
860.7 |
548.9 |
470.2 |
|
Pay./Long Term Debt |
-817.0 |
-807.3 |
-147.9 |
-458.9 |
-466.0 |
|
Bonds Issued |
0.0 |
1,811.9 |
0.0 |
202.1 |
183.9 |
|
Redemption of Bonds |
-31.1 |
-436.3 |
-1,064.5 |
-414.4 |
-98.2 |
|
Purchase Borrow Mkbl. Secs |
- |
- |
- |
- |
0.0 |
|
Purch.Treas.Stock |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Redemption Preferred Stock |
- |
- |
- |
- |
0.0 |
|
Cash Dividends |
-266.0 |
-249.4 |
-249.0 |
-198.6 |
-171.7 |
|
Other |
-47.4 |
-21.2 |
-23.5 |
6.3 |
2.5 |
|
Cash from Financing Activities |
-1,148.1 |
-321.4 |
711.4 |
-306.4 |
308.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-37.6 |
11.4 |
-99.9 |
2.3 |
13.4 |
|
Net Change in Cash |
648.4 |
385.6 |
72.5 |
-3.0 |
-11.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,092.0 |
638.5 |
505.6 |
446.9 |
464.3 |
|
Net Cash - Ending Balance |
1,740.4 |
1,024.0 |
578.1 |
443.9 |
452.4 |
|
Cash Interest Paid |
73.3 |
111.2 |
141.9 |
157.4 |
157.9 |
|
Cash Taxes Paid |
297.2 |
84.2 |
539.1 |
61.8 |
503.4 |
|
|
|
© 1983-2011 Reuters
Research Inc. All Rights Reserved. |
|
Published by
OneSource Information Services, Inc., November, 2011. |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
Revenue |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
Total Revenue |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,545.8 |
8,833.6 |
9,912.2 |
10,188.8 |
10,467.8 |
|
Cost of Revenue, Total |
9,545.8 |
8,833.6 |
9,912.2 |
10,188.8 |
10,467.8 |
|
Gross Profit |
5,136.4 |
3,430.9 |
4,056.7 |
4,087.1 |
3,463.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,353.0 |
1,151.0 |
1,384.2 |
1,298.2 |
1,206.4 |
|
Labor & Related Expense |
723.8 |
763.5 |
723.1 |
729.4 |
684.6 |
|
Total Selling/General/Administrative Expenses |
2,076.8 |
1,914.5 |
2,107.3 |
2,027.6 |
1,891.0 |
|
Research & Development |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Depreciation |
- |
94.6 |
76.1 |
75.0 |
65.3 |
|
Amortization of Acquisition Costs |
- |
15.6 |
19.1 |
19.5 |
68.1 |
|
Depreciation/Amortization |
- |
110.3 |
95.1 |
94.6 |
133.4 |
|
Restructuring Charge |
175.4 |
266.4 |
225.1 |
374.6 |
494.6 |
|
Impairment-Assets Held for Use |
197.8 |
267.3 |
187.0 |
236.9 |
433.4 |
|
Other Unusual Expense (Income) |
56.9 |
-0.9 |
24.1 |
316.9 |
67.8 |
|
Unusual Expense (Income) |
430.0 |
532.8 |
436.2 |
928.4 |
995.8 |
|
Total Operating Expense |
12,501.4 |
11,871.4 |
12,915.4 |
13,527.7 |
13,752.7 |
|
|
|
|
|
|
|
|
Operating Income |
2,180.9 |
393.1 |
1,053.4 |
748.3 |
178.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-71.5 |
-108.4 |
-139.9 |
-157.0 |
-159.8 |
|
Interest Expense, Net Non-Operating |
-71.5 |
-108.4 |
-139.9 |
-157.0 |
-159.8 |
|
Interest Income -
Non-Operating |
14.5 |
18.5 |
31.8 |
32.2 |
32.5 |
|
Investment Income -
Non-Operating |
39.7 |
131.7 |
-256.6 |
158.4 |
248.4 |
|
Interest/Investment Income - Non-Operating |
54.2 |
150.2 |
-224.7 |
190.6 |
280.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-17.3 |
41.8 |
-364.7 |
33.6 |
121.2 |
|
Gain (Loss) on Sale of Assets |
18.2 |
30.8 |
48.3 |
86.9 |
36.8 |
|
Other Non-Operating Income (Expense) |
7.1 |
-33.0 |
-59.3 |
-0.7 |
-7.3 |
|
Other, Net |
7.1 |
-33.0 |
-59.3 |
-0.7 |
-7.3 |
|
Income Before Tax |
2,188.8 |
432.6 |
677.8 |
868.1 |
329.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
719.6 |
211.8 |
241.0 |
255.9 |
52.7 |
|
Income After Tax |
1,469.3 |
220.8 |
436.9 |
612.2 |
276.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-66.1 |
-7.3 |
-57.9 |
-20.9 |
110.4 |
|
Net Income Before Extraord Items |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
Net Income |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,167.4 |
1,167.6 |
1,168.4 |
1,173.3 |
1,172.9 |
|
Basic EPS Excl Extraord Items |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Basic/Primary EPS Incl Extraord Items |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
9.7 |
9.8 |
|
Diluted Net Income |
1,403.2 |
213.5 |
378.9 |
601.0 |
396.7 |
|
Diluted Weighted Average Shares |
1,259.0 |
1,173.1 |
1,169.0 |
1,260.2 |
1,260.3 |
|
Diluted EPS Excl Extraord Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
Diluted EPS Incl Extraord Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
Dividends per Share - Common Stock Primary Issue |
0.30 |
0.17 |
0.23 |
0.14 |
0.14 |
|
Gross Dividends - Common Stock |
345.7 |
199.5 |
271.0 |
199.3 |
161.3 |
|
Interest Expense, Supplemental |
71.5 |
108.4 |
139.9 |
157.0 |
159.8 |
|
Depreciation, Supplemental |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Total Special Items |
427.9 |
517.7 |
406.9 |
861.0 |
1,027.2 |
|
Normalized Income Before Tax |
2,616.7 |
950.3 |
1,084.7 |
1,729.1 |
1,356.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
135.4 |
245.8 |
137.9 |
248.0 |
153.6 |
|
Inc Tax Ex Impact of Sp Items |
855.0 |
457.7 |
378.8 |
503.9 |
206.3 |
|
Normalized Income After Tax |
1,761.7 |
492.6 |
705.9 |
1,225.2 |
1,150.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,695.7 |
485.3 |
647.9 |
1,204.3 |
1,260.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.45 |
0.42 |
0.55 |
1.03 |
1.07 |
|
Diluted Normalized EPS |
1.35 |
0.41 |
0.55 |
0.96 |
1.01 |
|
Amort of Acquisition Costs, Supplemental |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Research & Development Exp, Supplemental |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Reported Operating Profit |
2,610.9 |
925.9 |
1,489.6 |
1,676.6 |
1,174.4 |
|
Reported Ordinary Profit |
2,583.5 |
931.5 |
1,061.5 |
1,595.3 |
1,156.2 |
|
Normalized EBIT |
2,610.9 |
925.9 |
1,489.6 |
1,676.7 |
1,174.4 |
|
Normalized EBITDA |
3,879.5 |
2,401.4 |
2,817.4 |
2,840.4 |
2,325.0 |
|
Interest Cost - Domestic |
98.3 |
96.8 |
91.2 |
86.0 |
82.4 |
|
Service Cost - Domestic |
95.1 |
80.9 |
107.2 |
89.3 |
95.0 |
|
Prior Service Cost - Domestic |
-16.4 |
-17.5 |
-16.4 |
-13.8 |
-5.2 |
|
Expected Return on Assets - Domestic |
-57.4 |
-54.9 |
-69.1 |
-60.6 |
-56.1 |
|
Actuarial Gains and Losses - Domestic |
65.2 |
84.0 |
12.2 |
3.7 |
9.4 |
|
Other Pension, Net - Domestic |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Total Pension Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Discount Rate - Domestic |
2.50% |
2.50% |
2.50% |
2.50% |
- |
|
Expected Rate of Return - Domestic |
2.80% |
3.50% |
3.50% |
3.50% |
- |
|
Total Plan Interest Cost |
98.3 |
96.8 |
91.2 |
86.0 |
82.4 |
|
Total Plan Service Cost |
95.1 |
80.9 |
107.2 |
89.3 |
95.0 |
|
Total Plan Expected Return |
-57.4 |
-54.9 |
-69.1 |
-60.6 |
-56.1 |
|
Total Plan Other Expense |
- |
- |
- |
- |
0.0 |
nterim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-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) |
77.752043 |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
|
|
|
|
|
|
|
|
Net Sales |
3,883.9 |
3,738.5 |
3,752.3 |
3,976.6 |
3,714.3 |
|
Revenue |
3,883.9 |
3,738.5 |
3,752.3 |
3,976.6 |
3,714.3 |
|
Total Revenue |
3,883.9 |
3,738.5 |
3,752.3 |
3,976.6 |
3,714.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
2,657.2 |
2,491.3 |
2,449.1 |
2,580.3 |
2,427.2 |
|
Cost of Revenue, Total |
2,657.2 |
2,491.3 |
2,449.1 |
2,580.3 |
2,427.2 |
|
Gross Profit |
1,226.7 |
1,247.2 |
1,303.2 |
1,396.3 |
1,287.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
750.2 |
353.3 |
343.5 |
412.8 |
343.8 |
|
Labor & Related Expense |
- |
195.2 |
181.2 |
139.1 |
182.5 |
|
Total Selling/General/Administrative Expenses |
750.2 |
548.5 |
524.8 |
551.9 |
526.3 |
|
Research & Development |
- |
145.7 |
120.2 |
124.8 |
121.3 |
|
Restructuring Charge |
2.8 |
98.3 |
1.7 |
154.6 |
25.7 |
|
Impairment-Assets Held for Use |
17.0 |
9.3 |
10.6 |
176.2 |
16.1 |
|
Other Unusual Expense (Income) |
7.3 |
75.6 |
59.4 |
54.2 |
-3.0 |
|
Unusual Expense (Income) |
27.1 |
183.2 |
71.7 |
384.9 |
38.8 |
|
Total Operating Expense |
3,434.5 |
3,368.7 |
3,165.7 |
3,642.0 |
3,113.6 |
|
|
|
|
|
|
|
|
Operating Income |
449.4 |
369.8 |
586.5 |
334.6 |
600.7 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-19.4 |
-18.6 |
-17.8 |
-18.0 |
-17.3 |
|
Interest Expense, Net Non-Operating |
-19.4 |
-18.6 |
-17.8 |
-18.0 |
-17.3 |
|
Interest Income -
Non-Operating |
4.3 |
4.3 |
4.1 |
3.9 |
3.6 |
|
Investment Income -
Non-Operating |
-16.7 |
15.9 |
55.2 |
-32.7 |
56.4 |
|
Interest/Investment Income - Non-Operating |
-12.4 |
20.2 |
59.3 |
-28.8 |
59.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-31.8 |
1.6 |
41.5 |
-46.8 |
42.7 |
|
Gain (Loss) on Sale of Assets |
13.1 |
6.8 |
1.5 |
4.1 |
8.1 |
|
Other Non-Operating Income (Expense) |
-15.5 |
-3.7 |
5.2 |
22.2 |
-15.3 |
|
Other, Net |
-15.5 |
-3.7 |
5.2 |
22.2 |
-15.3 |
|
Income Before Tax |
415.2 |
374.4 |
634.7 |
314.1 |
636.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
150.4 |
135.2 |
155.2 |
131.2 |
206.8 |
|
Income After Tax |
264.7 |
239.2 |
479.5 |
183.0 |
429.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-19.6 |
-12.1 |
-12.1 |
-16.6 |
-20.6 |
|
Net Income Before Extraord Items |
245.2 |
227.0 |
467.4 |
166.4 |
408.7 |
|
Net Income |
245.2 |
227.0 |
467.4 |
166.4 |
408.7 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
0.0 |
- |
0.1 |
0.0 |
|
Total Adjustments to Net Income |
-0.1 |
0.0 |
- |
0.1 |
0.0 |
|
Income Available to Common Excl Extraord Items |
245.1 |
227.0 |
467.4 |
166.4 |
408.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
245.1 |
227.0 |
467.4 |
166.4 |
408.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,163.4 |
1,166.9 |
1,167.0 |
1,167.2 |
1,167.5 |
|
Basic EPS Excl Extraord Items |
0.21 |
0.19 |
0.40 |
0.14 |
0.35 |
|
Basic/Primary EPS Incl Extraord Items |
0.21 |
0.19 |
0.40 |
0.14 |
0.35 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
245.1 |
227.0 |
467.4 |
166.4 |
408.6 |
|
Diluted Weighted Average Shares |
1,255.9 |
1,259.1 |
1,259.1 |
1,258.7 |
1,259.3 |
|
Diluted EPS Excl Extraord Items |
0.20 |
0.18 |
0.37 |
0.13 |
0.32 |
|
Diluted EPS Incl Extraord Items |
0.20 |
0.18 |
0.37 |
0.13 |
0.32 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.16 |
0.00 |
0.17 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
185.9 |
0.0 |
197.9 |
0.0 |
|
Interest Expense, Supplemental |
19.4 |
18.6 |
17.8 |
18.0 |
17.3 |
|
Depreciation, Supplemental |
352.2 |
341.9 |
333.9 |
338.7 |
314.7 |
|
Total Special Items |
19.0 |
181.4 |
75.0 |
385.4 |
34.7 |
|
Normalized Income Before Tax |
434.2 |
555.8 |
709.7 |
699.5 |
670.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
5.1 |
63.7 |
17.2 |
159.0 |
10.0 |
|
Inc Tax Ex Impact of Sp Items |
155.5 |
199.0 |
172.3 |
290.2 |
216.8 |
|
Normalized Income After Tax |
278.7 |
356.8 |
537.4 |
409.4 |
454.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
259.1 |
344.7 |
525.2 |
392.8 |
433.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.22 |
0.30 |
0.45 |
0.34 |
0.37 |
|
Diluted Normalized EPS |
0.21 |
0.27 |
0.42 |
0.31 |
0.34 |
|
Amort of Acquisition Costs, Supplemental |
5.0 |
5.0 |
4.8 |
4.5 |
4.0 |
|
Research & Development Exp, Supplemental |
- |
145.7 |
120.2 |
124.8 |
121.3 |
|
Reported Operating Profit |
476.5 |
552.9 |
658.2 |
719.6 |
639.5 |
|
Reported Ordinary Profit |
429.1 |
550.8 |
704.9 |
691.8 |
666.9 |
|
Normalized EBIT |
476.5 |
552.9 |
658.3 |
719.6 |
639.5 |
|
Normalized EBITDA |
833.8 |
899.8 |
996.9 |
1,062.8 |
958.1 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.105 |
93.095 |
90.65 |
111.715 |
119.155 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,128.1 |
901.8 |
924.1 |
737.6 |
676.5 |
|
Short Term Investments |
838.4 |
214.8 |
0.0 |
- |
- |
|
Cash and Short Term Investments |
1,966.5 |
1,116.6 |
924.1 |
737.6 |
676.5 |
|
Accounts Receivable -
Trade, Gross |
2,934.0 |
2,422.0 |
2,301.1 |
2,564.2 |
2,476.4 |
|
Provision for Doubtful
Accounts |
-62.4 |
-60.6 |
-57.1 |
-54.7 |
-59.5 |
|
Trade Accounts Receivable - Net |
2,871.6 |
2,361.5 |
2,244.1 |
2,509.5 |
2,416.9 |
|
Total Receivables, Net |
2,871.6 |
2,361.5 |
2,244.1 |
2,509.5 |
2,416.9 |
|
Inventories - Finished Goods |
913.9 |
834.1 |
1,178.2 |
- |
- |
|
Inventories - Work In Progress |
477.6 |
371.7 |
546.9 |
- |
- |
|
Inventories - Raw Materials |
782.8 |
690.6 |
780.3 |
- |
- |
|
Total Inventory |
2,174.4 |
1,896.4 |
2,505.3 |
2,127.6 |
2,083.3 |
|
Prepaid Expenses |
- |
56.9 |
101.1 |
63.1 |
68.4 |
|
Deferred Income Tax - Current Asset |
264.5 |
176.4 |
218.8 |
136.3 |
137.2 |
|
Other Current Assets |
452.6 |
391.6 |
544.9 |
487.0 |
684.0 |
|
Other Current Assets, Total |
717.1 |
567.9 |
763.8 |
623.3 |
821.2 |
|
Total Current Assets |
7,729.6 |
5,999.3 |
6,538.4 |
6,061.1 |
6,066.2 |
|
|
|
|
|
|
|
|
Buildings |
6,558.6 |
5,875.6 |
5,790.8 |
5,174.9 |
4,579.6 |
|
Land/Improvements |
994.6 |
898.0 |
1,045.4 |
1,003.4 |
1,040.7 |
|
Machinery/Equipment |
19,402.5 |
17,183.7 |
16,667.9 |
15,315.6 |
13,842.7 |
|
Construction in
Progress |
800.9 |
1,162.1 |
1,453.8 |
1,111.8 |
1,242.6 |
|
Leases |
55.1 |
60.3 |
0.0 |
- |
- |
|
Property/Plant/Equipment - Gross |
27,811.6 |
25,179.6 |
24,957.9 |
22,605.8 |
20,705.5 |
|
Accumulated Depreciation |
-17,190.9 |
-15,208.3 |
-14,383.3 |
-13,178.6 |
-12,245.0 |
|
Property/Plant/Equipment - Net |
10,620.7 |
9,971.4 |
10,574.6 |
9,427.2 |
8,460.5 |
|
Goodwill, Net |
214.2 |
169.2 |
214.8 |
201.0 |
232.2 |
|
Intangibles, Net |
272.6 |
219.8 |
239.4 |
203.8 |
251.0 |
|
LT Investment - Affiliate Companies |
445.2 |
429.8 |
- |
- |
- |
|
LT Investments - Other |
1,864.3 |
1,716.6 |
1,906.1 |
2,572.1 |
2,617.1 |
|
Long Term Investments |
2,309.5 |
2,146.4 |
1,906.1 |
2,572.1 |
2,617.1 |
|
Note Receivable - Long Term |
67.7 |
72.9 |
74.0 |
77.6 |
63.4 |
|
Deferred Charges |
- |
- |
0.0 |
1.9 |
1.9 |
|
Deferred Income Tax - Long Term Asset |
383.9 |
396.9 |
508.9 |
223.7 |
155.4 |
|
Other Long Term Assets |
151.7 |
164.4 |
162.5 |
101.7 |
192.1 |
|
Other Long Term Assets, Total |
535.6 |
561.4 |
671.5 |
327.3 |
349.4 |
|
Total Assets |
21,749.9 |
19,140.3 |
20,218.7 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,533.2 |
1,388.2 |
1,824.5 |
1,583.9 |
1,511.7 |
|
Accrued Expenses |
350.6 |
272.4 |
408.9 |
267.9 |
240.9 |
|
Notes Payable/Short Term Debt |
424.9 |
397.1 |
2,585.8 |
981.4 |
1,210.8 |
|
Current Portion - Long Term Debt/Capital Leases |
816.2 |
341.0 |
617.8 |
1,118.0 |
569.6 |
|
Security Deposits |
358.5 |
293.3 |
345.2 |
262.7 |
259.7 |
|
Income Taxes Payable |
596.9 |
191.1 |
116.6 |
360.9 |
84.4 |
|
Other Payables |
540.3 |
441.3 |
609.7 |
578.4 |
716.8 |
|
Deferred Income Tax - Current Liability |
- |
13.1 |
13.2 |
4.2 |
2.9 |
|
Other Current Liabilities |
338.7 |
267.2 |
444.7 |
612.9 |
589.9 |
|
Other Current liabilities, Total |
1,834.4 |
1,206.0 |
1,529.4 |
1,819.1 |
1,653.8 |
|
Total Current Liabilities |
4,959.4 |
3,604.7 |
6,966.5 |
5,770.3 |
5,186.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
4,988.7 |
5,678.4 |
3,388.8 |
2,655.9 |
3,044.2 |
|
Total Long Term Debt |
4,988.7 |
5,678.4 |
3,388.8 |
2,655.9 |
3,044.2 |
|
Total Debt |
6,229.9 |
6,416.5 |
6,592.5 |
4,755.2 |
4,824.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
186.1 |
143.0 |
148.4 |
282.0 |
508.7 |
|
Deferred Income Tax |
186.1 |
143.0 |
148.4 |
282.0 |
508.7 |
|
Minority Interest |
496.8 |
563.3 |
549.5 |
649.1 |
682.0 |
|
Reserves |
208.5 |
150.0 |
262.1 |
229.9 |
176.2 |
|
Pension Benefits - Underfunded |
734.6 |
694.6 |
664.2 |
547.9 |
586.3 |
|
Other Long Term Liabilities |
194.6 |
186.8 |
174.6 |
188.0 |
214.4 |
|
Other Liabilities, Total |
1,137.7 |
1,031.5 |
1,100.9 |
965.8 |
976.8 |
|
Total Liabilities |
11,768.8 |
11,020.9 |
12,154.3 |
10,323.1 |
10,398.6 |
|
|
|
|
|
|
|
|
Common Stock |
1,120.4 |
976.1 |
1,002.5 |
813.3 |
759.3 |
|
Common Stock |
1,120.4 |
976.1 |
1,002.5 |
813.3 |
759.3 |
|
Additional Paid-In Capital |
1,211.2 |
1,052.2 |
1,077.0 |
871.3 |
810.5 |
|
Retained Earnings (Accumulated Deficit) |
9,231.9 |
6,970.7 |
7,283.4 |
5,670.0 |
4,894.3 |
|
Treasury Stock - Common |
-267.1 |
-227.2 |
-233.2 |
-125.6 |
-115.8 |
|
Unrealized Gain (Loss) |
476.4 |
454.3 |
238.1 |
932.1 |
1,026.7 |
|
Translation Adjustment |
-1,791.7 |
-1,106.7 |
-1,303.3 |
385.9 |
266.2 |
|
Other Equity, Total |
-1,791.7 |
-1,106.7 |
-1,303.3 |
385.9 |
266.2 |
|
Total Equity |
9,981.1 |
8,119.4 |
8,064.5 |
8,547.0 |
7,641.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
21,749.9 |
19,140.3 |
20,218.8 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
Total Common Shares Outstanding |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
Treasury Shares - Common Stock Primary Issue |
19.7 |
19.1 |
19.0 |
13.1 |
13.1 |
|
Employees |
50,399 |
47,618 |
47,770 |
49,710 |
54,228 |
|
Number of Common Shareholders |
49,042 |
49,302 |
53,395 |
42,347 |
46,407 |
|
Total Long Term Debt, Supplemental |
5,899.2 |
6,035.5 |
4,006.7 |
3,773.8 |
3,613.8 |
|
Long Term Debt Maturing within 1 Year |
910.5 |
357.1 |
617.8 |
1,118.0 |
569.6 |
|
Long Term Debt Maturing in Year 2 |
1,730.9 |
962.1 |
517.7 |
482.9 |
1,081.9 |
|
Long Term Debt Maturing in Year 3 |
635.8 |
1,791.3 |
703.7 |
451.6 |
452.4 |
|
Long Term Debt Maturing in Year 4 |
1,225.2 |
627.2 |
667.0 |
384.6 |
389.8 |
|
Long Term Debt Maturing in Year 5 |
249.7 |
1,051.0 |
437.2 |
451.2 |
589.8 |
|
Long Term Debt Maturing in 2-3 Years |
2,366.7 |
2,753.4 |
1,221.4 |
934.4 |
1,534.4 |
|
Long Term Debt Maturing in 4-5 Years |
1,474.9 |
1,678.3 |
1,104.2 |
835.8 |
979.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
1,147.1 |
1,246.8 |
1,063.3 |
885.6 |
530.3 |
|
Total Capital Leases, Supplemental |
39.8 |
35.8 |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
3.0 |
2.6 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
4.7 |
3.5 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
2.9 |
2.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
2.3 |
2.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
2.1 |
2.0 |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
7.6 |
5.7 |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
4.4 |
4.1 |
- |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
24.7 |
23.4 |
- |
- |
- |
|
Pension Obligation - Domestic |
3,650.3 |
3,247.8 |
3,294.4 |
2,853.9 |
2,882.7 |
|
Plan Assets - Domestic |
2,459.2 |
2,141.4 |
1,953.1 |
2,503.4 |
2,509.7 |
|
Funded Status - Domestic |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Total Funded Status |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Discount Rate - Domestic |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
2.80% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Prepaid Benefits - Domestic |
5.3 |
3.3 |
3.6 |
2.5 |
1.6 |
|
Accrued Liabilities - Domestic |
-730.9 |
-690.3 |
-659.5 |
-544.0 |
-575.4 |
|
Other Assets, Net - Domestic |
-465.5 |
-419.4 |
-685.4 |
191.0 |
200.8 |
|
Net Assets Recognized on Balance Sheet |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.5 |
-373.0 |
|
Total Plan Obligations |
3,650.3 |
3,247.8 |
3,294.4 |
2,853.9 |
2,882.7 |
|
Total Plan Assets |
2,459.2 |
2,141.4 |
1,953.1 |
2,503.4 |
2,509.7 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
77.08 |
80.76 |
82.88 |
81.105 |
83.54 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,143.8 |
916.3 |
1,196.8 |
1,128.1 |
1,118.3 |
|
Short Term Investments |
518.9 |
1,077.3 |
651.5 |
838.4 |
538.7 |
|
Cash and Short Term Investments |
1,662.7 |
1,993.5 |
1,848.3 |
1,966.5 |
1,656.9 |
|
Accounts Receivable -
Trade, Gross |
2,909.7 |
2,785.5 |
2,731.9 |
2,934.0 |
2,754.6 |
|
Provision for Doubtful
Accounts |
-59.0 |
-61.7 |
-65.6 |
-62.4 |
-61.6 |
|
Trade Accounts Receivable - Net |
2,850.6 |
2,723.8 |
2,666.3 |
2,871.6 |
2,693.1 |
|
Total Receivables, Net |
2,850.6 |
2,723.8 |
2,666.3 |
2,871.6 |
2,693.1 |
|
Inventories - Finished Goods |
1,088.7 |
1,088.3 |
937.6 |
913.9 |
894.9 |
|
Inventories - Work In Progress |
610.5 |
530.3 |
524.7 |
477.6 |
470.5 |
|
Inventories - Raw Materials |
969.2 |
916.1 |
860.1 |
782.8 |
763.1 |
|
Total Inventory |
2,668.5 |
2,534.7 |
2,322.5 |
2,174.4 |
2,128.5 |
|
Other Current Assets |
863.7 |
768.3 |
684.0 |
717.1 |
717.9 |
|
Other Current Assets, Total |
863.7 |
768.3 |
684.0 |
717.1 |
717.9 |
|
Total Current Assets |
8,045.6 |
8,020.4 |
7,521.1 |
7,729.6 |
7,196.4 |
|
|
|
|
|
|
|
|
Buildings |
6,816.6 |
6,776.8 |
6,617.3 |
6,558.6 |
6,454.8 |
|
Land/Improvements |
982.3 |
1,006.1 |
981.9 |
994.6 |
974.2 |
|
Machinery/Equipment |
18,924.9 |
18,871.2 |
18,491.6 |
18,213.5 |
17,946.8 |
|
Construction in
Progress |
935.1 |
1,132.3 |
793.6 |
800.9 |
792.8 |
|
Other
Property/Plant/Equipment |
1,307.5 |
1,278.3 |
1,241.3 |
1,244.0 |
1,211.9 |
|
Property/Plant/Equipment - Gross |
28,966.4 |
29,064.7 |
28,125.7 |
27,811.6 |
27,380.6 |
|
Accumulated Depreciation |
-18,244.1 |
-18,018.2 |
-17,405.3 |
-17,190.9 |
-16,832.9 |
|
Property/Plant/Equipment - Net |
10,722.3 |
11,046.5 |
10,720.4 |
10,620.7 |
10,547.7 |
|
Goodwill, Net |
208.7 |
214.7 |
214.4 |
214.2 |
169.2 |
|
Intangibles, Net |
274.8 |
282.8 |
271.5 |
272.6 |
215.1 |
|
LT Investments - Other |
2,022.4 |
2,209.4 |
2,256.7 |
2,309.5 |
2,099.3 |
|
Long Term Investments |
2,022.4 |
2,209.4 |
2,256.7 |
2,309.5 |
2,099.3 |
|
Other Long Term Assets |
749.7 |
659.8 |
602.8 |
603.3 |
749.2 |
|
Other Long Term Assets, Total |
749.7 |
659.8 |
602.8 |
603.3 |
749.2 |
|
Total Assets |
22,023.5 |
22,433.5 |
21,586.9 |
21,749.9 |
20,976.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,589.1 |
1,517.2 |
1,457.9 |
1,533.2 |
1,446.5 |
|
Notes Payable/Short Term Debt |
1,182.0 |
1,051.3 |
808.7 |
424.9 |
570.2 |
|
Current Portion - Long Term Debt/Capital Leases |
635.5 |
403.1 |
392.8 |
816.2 |
102.7 |
|
Income Taxes Payable |
187.2 |
355.9 |
305.9 |
596.9 |
599.1 |
|
Other Current Liabilities |
1,719.0 |
1,806.4 |
1,636.2 |
1,588.1 |
1,470.2 |
|
Other Current liabilities, Total |
1,906.2 |
2,162.3 |
1,942.1 |
2,185.0 |
2,069.3 |
|
Total Current Liabilities |
5,312.8 |
5,134.0 |
4,601.5 |
4,959.4 |
4,188.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
4,612.3 |
4,774.8 |
4,919.1 |
4,988.7 |
5,496.8 |
|
Total Long Term Debt |
4,612.3 |
4,774.8 |
4,919.1 |
4,988.7 |
5,496.8 |
|
Total Debt |
6,429.9 |
6,229.2 |
6,120.7 |
6,229.9 |
6,169.7 |
|
|
|
|
|
|
|
|
Minority Interest |
528.2 |
510.7 |
500.1 |
496.8 |
611.3 |
|
Reserves |
219.1 |
216.1 |
212.5 |
212.2 |
115.2 |
|
Pension Benefits - Underfunded |
750.4 |
745.0 |
746.3 |
730.9 |
730.2 |
|
Other Long Term Liabilities |
340.3 |
340.9 |
322.0 |
380.7 |
348.9 |
|
Other Liabilities, Total |
1,309.8 |
1,302.0 |
1,280.9 |
1,323.8 |
1,194.3 |
|
Total Liabilities |
11,763.2 |
11,721.4 |
11,301.7 |
11,768.8 |
11,491.1 |
|
|
|
|
|
|
|
|
Common Stock |
1,178.9 |
1,125.2 |
1,096.4 |
1,120.4 |
1,087.8 |
|
Common Stock |
1,178.9 |
1,125.2 |
1,096.4 |
1,120.4 |
1,087.8 |
|
Additional Paid-In Capital |
1,278.4 |
1,216.9 |
1,185.7 |
1,211.2 |
1,175.9 |
|
Retained Earnings (Accumulated Deficit) |
10,291.5 |
9,774.4 |
9,300.8 |
9,231.9 |
8,798.5 |
|
Treasury Stock - Common |
-357.8 |
-269.0 |
-262.0 |
-267.1 |
-254.1 |
|
Unrealized Gain (Loss) |
290.4 |
429.1 |
455.1 |
476.4 |
361.7 |
|
Translation Adjustment |
-2,421.1 |
-1,564.6 |
-1,490.9 |
-1,791.7 |
-1,684.0 |
|
Other Equity, Total |
-2,421.1 |
-1,564.6 |
-1,490.9 |
-1,791.7 |
-1,684.0 |
|
Total Equity |
10,260.3 |
10,712.0 |
10,285.2 |
9,981.1 |
9,485.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
22,023.5 |
22,433.5 |
21,586.9 |
21,749.9 |
20,976.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,159.1 |
1,166.9 |
1,166.9 |
1,167.0 |
1,167.5 |
|
Total Common Shares Outstanding |
1,159.1 |
1,166.9 |
1,166.9 |
1,167.0 |
1,167.5 |
|
Treasury Shares - Common Stock Primary Issue |
27.6 |
19.8 |
19.8 |
19.7 |
19.2 |
|
Employees |
- |
50,523 |
49,852 |
50,399 |
50,286 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
2,188.9 |
432.6 |
677.8 |
868.0 |
329.2 |
|
Depreciation |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Depreciation/Depletion |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Amortization of Acquisition Costs |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Amortization |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Unusual Items |
164.3 |
240.2 |
134.8 |
34.5 |
292.5 |
|
Equity in Net Earnings (Loss) |
-24.9 |
4.8 |
6.1 |
-32.9 |
-28.6 |
|
Other Non-Cash Items |
111.9 |
-168.3 |
81.8 |
322.1 |
88.1 |
|
Non-Cash Items |
251.2 |
76.8 |
222.7 |
323.7 |
352.0 |
|
Accounts Receivable |
-278.6 |
-151.0 |
440.9 |
-188.4 |
145.4 |
|
Inventories |
-140.3 |
568.5 |
-221.0 |
-20.1 |
25.7 |
|
Accounts Payable |
40.8 |
-418.6 |
53.5 |
157.3 |
-162.4 |
|
Other Operating Cash Flow |
-76.6 |
-53.8 |
-521.0 |
-221.5 |
-347.5 |
|
Changes in Working Capital |
-454.7 |
-54.9 |
-247.6 |
-272.7 |
-338.8 |
|
Cash from Operating Activities |
3,254.0 |
1,930.0 |
1,980.6 |
2,082.8 |
1,492.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,301.1 |
-1,423.4 |
-2,458.6 |
-2,082.0 |
-2,081.4 |
|
Capital Expenditures |
-1,301.1 |
-1,423.4 |
-2,458.6 |
-2,082.0 |
-2,081.4 |
|
Acquisition of Business |
-27.3 |
0.0 |
- |
- |
- |
|
Sale of Business |
0.0 |
7.8 |
0.0 |
171.5 |
0.0 |
|
Sale of Fixed Assets |
41.7 |
73.6 |
84.4 |
245.6 |
124.3 |
|
Sale/Maturity of Investment |
412.3 |
537.8 |
490.4 |
266.6 |
270.4 |
|
Purchase of Investments |
-546.7 |
-376.8 |
-625.7 |
-317.8 |
-133.5 |
|
Other Investing Cash Flow |
1.2 |
-53.3 |
-10.3 |
-65.5 |
-6.3 |
|
Other Investing Cash Flow Items, Total |
-118.7 |
189.0 |
-61.1 |
300.4 |
254.8 |
|
Cash from Investing Activities |
-1,419.8 |
-1,234.4 |
-2,519.7 |
-1,781.6 |
-1,826.6 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-47.4 |
-21.2 |
-23.5 |
6.3 |
2.5 |
|
Financing Cash Flow Items |
-47.4 |
-21.2 |
-23.5 |
6.3 |
2.5 |
|
Cash Dividends Paid - Common |
-266.0 |
-249.4 |
-249.0 |
-198.6 |
-171.7 |
|
Total Cash Dividends Paid |
-266.0 |
-249.4 |
-249.0 |
-198.6 |
-171.7 |
|
Repurchase/Retirement
of Common |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Common Stock, Net |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Issuance (Retirement) of Stock, Net |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Short Term Debt, Net |
14.9 |
-2,140.7 |
1,408.1 |
13.4 |
391.8 |
|
Long Term Debt Issued |
5.4 |
3,334.5 |
860.7 |
751.0 |
654.1 |
|
Long Term Debt Reduction |
-848.1 |
-1,243.5 |
-1,212.4 |
-873.3 |
-564.2 |
|
Long Term Debt, Net |
-842.7 |
2,091.0 |
-351.7 |
-122.3 |
89.9 |
|
Issuance (Retirement) of Debt, Net |
-827.9 |
-49.8 |
1,056.4 |
-109.0 |
481.7 |
|
Cash from Financing Activities |
-1,148.1 |
-321.4 |
711.4 |
-306.4 |
308.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-37.6 |
11.4 |
-99.9 |
2.3 |
13.4 |
|
Net Change in Cash |
648.4 |
385.6 |
72.5 |
-3.0 |
-11.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,092.0 |
638.5 |
505.6 |
446.9 |
464.3 |
|
Net Cash - Ending Balance |
1,740.4 |
1,024.0 |
578.1 |
443.9 |
452.4 |
|
Cash Interest Paid |
73.3 |
111.2 |
141.9 |
157.4 |
157.9 |
|
Cash Taxes Paid |
297.2 |
84.2 |
539.1 |
61.8 |
503.4 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
|
Period Length |
9 Months |
6 Months |
3 Months |
12 Months |
9 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.506255 |
81.907322 |
82.241044 |
87.789317 |
89.557582 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1,428.9 |
1,010.3 |
634.7 |
2,188.9 |
1,856.0 |
|
Depreciation |
1,027.8 |
675.9 |
333.9 |
1,252.6 |
915.6 |
|
Depreciation/Depletion |
1,027.8 |
675.9 |
333.9 |
1,252.6 |
915.6 |
|
Amortization of Acquisition Costs |
14.8 |
9.8 |
4.8 |
16.0 |
11.6 |
|
Amortization |
14.8 |
9.8 |
4.8 |
16.0 |
11.6 |
|
Unusual Items |
17.3 |
12.0 |
9.2 |
164.3 |
5.2 |
|
Equity in Net Earnings (Loss) |
-16.4 |
-13.2 |
-7.7 |
-24.9 |
-22.5 |
|
Other Non-Cash Items |
162.3 |
0.5 |
70.5 |
111.9 |
68.6 |
|
Non-Cash Items |
163.2 |
-0.7 |
72.0 |
251.2 |
51.4 |
|
Accounts Receivable |
56.2 |
197.6 |
201.1 |
-278.6 |
-163.2 |
|
Inventories |
-458.1 |
-309.5 |
-143.3 |
-140.3 |
-113.4 |
|
Accounts Payable |
50.5 |
-62.2 |
-94.6 |
40.8 |
-15.6 |
|
Other Operating Cash Flow |
-999.7 |
-406.2 |
-522.5 |
-76.6 |
-180.1 |
|
Changes in Working Capital |
-1,351.1 |
-580.3 |
-559.3 |
-454.7 |
-472.3 |
|
Cash from Operating Activities |
1,283.6 |
1,115.0 |
486.2 |
3,254.0 |
2,362.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,270.3 |
-800.6 |
-328.5 |
-1,301.1 |
-932.5 |
|
Capital Expenditures |
-1,270.3 |
-800.6 |
-328.5 |
-1,301.1 |
-932.5 |
|
Acquisition of Business |
0.0 |
- |
- |
-27.3 |
1.3 |
|
Sale of Business |
- |
- |
- |
0.0 |
- |
|
Sale of Fixed Assets |
179.2 |
27.4 |
13.1 |
41.7 |
25.3 |
|
Sale/Maturity of Investment |
319.7 |
204.8 |
125.3 |
412.3 |
290.1 |
|
Purchase of Investments |
-315.3 |
-196.1 |
-95.8 |
-546.7 |
-282.2 |
|
Other Investing Cash Flow |
-15.4 |
-16.1 |
-1.0 |
1.2 |
-2.8 |
|
Other Investing Cash Flow Items, Total |
168.3 |
20.0 |
41.6 |
-118.7 |
31.7 |
|
Cash from Investing Activities |
-1,102.0 |
-780.6 |
-286.9 |
-1,419.8 |
-900.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-10.8 |
-12.5 |
-4.5 |
-47.4 |
-29.8 |
|
Financing Cash Flow Items |
-10.8 |
-12.5 |
-4.5 |
-47.4 |
-29.8 |
|
Cash Dividends Paid - Common |
-391.4 |
-199.5 |
-198.6 |
-266.0 |
-260.7 |
|
Total Cash Dividends Paid |
-391.4 |
-199.5 |
-198.6 |
-266.0 |
-260.7 |
|
Repurchase/Retirement
of Common |
-73.9 |
-0.8 |
-0.6 |
-6.9 |
-1.1 |
|
Common Stock, Net |
-73.9 |
-0.8 |
-0.6 |
-6.9 |
-1.1 |
|
Issuance (Retirement) of Stock, Net |
-73.9 |
-0.8 |
-0.6 |
-6.9 |
-1.1 |
|
Short Term Debt, Net |
90.3 |
-78.2 |
-66.7 |
14.9 |
13.8 |
|
Long Term Debt Issued |
117.1 |
115.1 |
25.4 |
5.4 |
4.1 |
|
Long Term Debt
Reduction |
-245.8 |
-143.6 |
-21.0 |
-848.1 |
-774.2 |
|
Long Term Debt, Net |
-128.7 |
-28.5 |
4.4 |
-842.7 |
-770.1 |
|
Issuance (Retirement) of Debt, Net |
-38.4 |
-106.6 |
-62.3 |
-827.9 |
-756.3 |
|
Cash from Financing Activities |
-514.4 |
-319.4 |
-266.0 |
-1,148.1 |
-1,047.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-40.1 |
22.4 |
32.2 |
-37.6 |
-24.4 |
|
Net Change in Cash |
-372.9 |
37.4 |
-34.6 |
648.4 |
389.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,897.9 |
1,865.4 |
1,857.9 |
1,092.0 |
1,070.5 |
|
Net Cash - Ending Balance |
1,525.0 |
1,902.8 |
1,823.2 |
1,740.4 |
1,459.6 |
|
Cash Interest Paid |
56.3 |
36.0 |
17.6 |
73.3 |
54.7 |
|
Cash Taxes Paid |
821.7 |
533.8 |
421.6 |
297.2 |
201.7 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net sales |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
Total Revenue |
14,682.3 |
12,264.5 |
13,968.9 |
14,275.9 |
13,931.3 |
|
|
|
|
|
|
|
|
Cost of Sales |
9,545.8 |
8,833.6 |
9,912.2 |
10,188.8 |
10,467.8 |
|
Shipping Cost |
642.1 |
534.5 |
613.5 |
584.6 |
502.2 |
|
Salary |
601.7 |
660.1 |
636.7 |
637.0 |
593.9 |
|
Accrued Bonuses |
56.8 |
39.5 |
40.8 |
48.7 |
35.9 |
|
Res/Accr.Retirement |
65.3 |
64.0 |
45.6 |
43.7 |
54.8 |
|
Travel Expenses |
- |
72.6 |
83.1 |
83.4 |
77.3 |
|
Depreciation |
- |
94.6 |
76.1 |
75.0 |
65.3 |
|
R&D Expenses |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Amort. of Goodwill |
- |
15.6 |
19.1 |
19.5 |
68.1 |
|
Other SGA |
710.9 |
543.9 |
687.7 |
630.3 |
626.8 |
|
SP G.Return Pension |
- |
- |
- |
- |
0.0 |
|
SP Rev.Res.Restruct. |
- |
- |
- |
0.0 |
-26.7 |
|
SP Gain on negative goodwill |
-11.9 |
0.0 |
- |
- |
- |
|
SP Rev.Allow. for repairment |
0.0 |
-9.0 |
0.0 |
- |
- |
|
SP Rev. EU Antitrust Allow. |
- |
0.0 |
-31.6 |
0.0 |
- |
|
SP Other Special Gain |
-9.5 |
-4.6 |
-3.9 |
-30.1 |
-57.2 |
|
SP L on retirment fixed assets |
56.4 |
71.4 |
71.7 |
75.1 |
41.8 |
|
SP Impairment Loss |
141.4 |
195.9 |
115.3 |
161.8 |
391.6 |
|
SP Restructuring |
175.4 |
266.4 |
225.1 |
374.6 |
494.6 |
|
SP Environ.Cost |
- |
- |
- |
0.0 |
25.3 |
|
SP Reserve for EU Antitrust Related |
- |
- |
0.0 |
275.1 |
0.0 |
|
SP Other Special Loss |
78.3 |
12.7 |
59.7 |
71.9 |
126.4 |
|
Total Operating Expense |
12,501.4 |
11,871.4 |
12,915.4 |
13,527.7 |
13,752.7 |
|
|
|
|
|
|
|
|
NOP Interest Income |
14.5 |
18.5 |
31.8 |
32.2 |
32.5 |
|
NOP Dividend Income |
29.9 |
29.9 |
38.5 |
31.2 |
26.9 |
|
NOP Equity G in Earnings |
24.9 |
0.0 |
0.0 |
32.9 |
28.6 |
|
NOP Exchange Gain |
0.0 |
103.4 |
0.0 |
0.0 |
60.9 |
|
NOP Other Non-Op. Income |
29.0 |
75.3 |
91.5 |
71.0 |
65.2 |
|
NOP Interest Expense |
-71.3 |
-107.2 |
-135.4 |
-147.0 |
-143.6 |
|
NOP Commercial Paper Interest Expense |
-0.2 |
-1.2 |
-4.5 |
-9.9 |
-16.2 |
|
NOP Bond Issue Cost |
0.0 |
-30.3 |
0.0 |
- |
- |
|
NOP Exchange Loss |
-32.3 |
0.0 |
-293.1 |
-19.9 |
0.0 |
|
NOP Equity Loss |
0.0 |
-4.8 |
-6.1 |
0.0 |
- |
|
NOP Other Non-Op. Exp. |
-21.9 |
-78.0 |
-150.7 |
-71.8 |
-72.5 |
|
SP Gain/Fix. Asset Sale |
18.2 |
30.8 |
48.3 |
86.9 |
36.8 |
|
SP Gain/Inv. Secs. Sale |
16.0 |
0.0 |
6.4 |
28.1 |
132.0 |
|
SP Gain Sale Sub.Stock |
1.2 |
3.1 |
0.0 |
86.0 |
0.0 |
|
SP Loss sale affiliate stock |
- |
- |
- |
- |
0.0 |
|
SP Loss Sale Sub.Stock |
- |
0.0 |
-2.3 |
0.0 |
- |
|
Net Income Before Taxes |
2,188.8 |
432.6 |
677.8 |
868.1 |
329.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
719.6 |
211.8 |
241.0 |
255.9 |
52.7 |
|
Net Income After Taxes |
1,469.3 |
220.8 |
436.9 |
612.2 |
276.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-66.1 |
-7.3 |
-57.9 |
-20.9 |
110.4 |
|
Net Income Before Extra. Items |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
Net Income |
1,403.2 |
213.5 |
379.0 |
591.3 |
386.9 |
|
|
|
|
|
|
|
|
Earning Adjustment |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Bonus to Director |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1,403.2 |
213.5 |
378.9 |
591.3 |
386.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,167.4 |
1,167.6 |
1,168.4 |
1,173.3 |
1,172.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Basic EPS Including ExtraOrdinary Item |
1.20 |
0.18 |
0.32 |
0.50 |
0.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
9.7 |
9.8 |
|
Diluted Net Income |
1,403.2 |
213.5 |
378.9 |
601.0 |
396.7 |
|
Diluted Weighted Average Shares |
1,259.0 |
1,173.1 |
1,169.0 |
1,260.2 |
1,260.3 |
|
Diluted EPS Excluding ExtraOrd Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
Diluted EPS Including ExtraOrd Items |
1.11 |
0.18 |
0.32 |
0.48 |
0.31 |
|
DPS-Common Stock |
0.30 |
0.17 |
0.23 |
0.14 |
0.14 |
|
Gross Dividends - Common Stock |
345.7 |
199.5 |
271.0 |
199.3 |
161.3 |
|
Normalized Income Before Taxes |
2,616.7 |
950.3 |
1,084.7 |
1,729.1 |
1,356.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
855.0 |
457.7 |
378.8 |
503.9 |
206.3 |
|
Normalized Income After Taxes |
1,761.7 |
492.6 |
705.9 |
1,225.2 |
1,150.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,695.7 |
485.3 |
647.9 |
1,204.3 |
1,260.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.45 |
0.42 |
0.55 |
1.03 |
1.07 |
|
Diluted Normalized EPS |
1.35 |
0.41 |
0.55 |
0.96 |
1.01 |
|
R&D Expense |
448.8 |
480.2 |
364.6 |
288.2 |
264.6 |
|
Interest Expense |
71.3 |
107.2 |
135.4 |
147.0 |
143.6 |
|
Commercial Paper Interest Expense |
0.2 |
1.2 |
4.5 |
9.9 |
16.2 |
|
Depreciation |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Amort of goodwill |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Reported Operating Profit |
2,610.9 |
925.9 |
1,489.6 |
1,676.6 |
1,174.4 |
|
Reported Ordinary Profit |
2,583.5 |
931.5 |
1,061.5 |
1,595.3 |
1,156.2 |
|
Service Cost |
95.1 |
80.9 |
107.2 |
89.3 |
95.0 |
|
Interest Cost |
98.3 |
96.8 |
91.2 |
86.0 |
82.4 |
|
Expected Return on Plan Assets |
-57.4 |
-54.9 |
-69.1 |
-60.6 |
-56.1 |
|
Actuarial Gains and Losses |
65.2 |
84.0 |
12.2 |
3.7 |
9.4 |
|
Prior Service Cost |
-16.4 |
-17.5 |
-16.4 |
-13.8 |
-5.2 |
|
G/L on Return of Pension Plan |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Total Pension Expense |
184.9 |
189.2 |
125.1 |
104.6 |
125.5 |
|
Discount Rate |
2.50% |
2.50% |
2.50% |
2.50% |
- |
|
Plan asset expected rate of return |
2.80% |
3.50% |
3.50% |
3.50% |
- |
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 |
6 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 |
91.441557 |
|
|
|
|
|
|
|
|
Net sales |
3,738.5 |
3,752.3 |
3,976.6 |
3,714.3 |
7,018.5 |
|
Total Revenue |
3,738.5 |
3,752.3 |
3,976.6 |
3,714.3 |
7,018.5 |
|
|
|
|
|
|
|
|
Cost of Sales |
2,491.3 |
2,449.1 |
2,580.3 |
2,427.2 |
4,556.2 |
|
Store & freight expenses |
170.2 |
168.1 |
164.3 |
155.9 |
321.7 |
|
Payrolls & bonuses |
177.9 |
162.9 |
122.4 |
165.5 |
311.8 |
|
Res/Accr.Retirement |
17.4 |
18.4 |
16.7 |
17.0 |
31.6 |
|
R&D Expenses |
145.7 |
120.2 |
124.8 |
121.3 |
204.3 |
|
Other SGA |
183.1 |
175.4 |
248.5 |
187.9 |
336.3 |
|
SP Reversal-Business restructuring |
-0.9 |
-1.3 |
- |
- |
-1.9 |
|
SP G on Negative Goodwill |
0.0 |
- |
-4.8 |
-7.5 |
- |
|
SP Other Special Gain |
-0.2 |
-0.6 |
- |
-1.3 |
-12.5 |
|
SP Writeoff/Fixed Asset |
9.3 |
10.6 |
28.2 |
16.1 |
13.6 |
|
SP Impairment Loss |
- |
0.0 |
148.0 |
- |
2.1 |
|
SP Business restructuring losses |
99.2 |
3.0 |
154.6 |
25.7 |
4.6 |
|
SP Loss on disaster |
23.2 |
50.8 |
- |
- |
- |
|
SP Other Special Loss |
52.6 |
9.2 |
59.0 |
5.8 |
21.8 |
|
Total Operating Expense |
3,368.7 |
3,165.7 |
3,642.0 |
3,113.6 |
5,789.6 |
|
|
|
|
|
|
|
|
NOP Interest Income |
4.3 |
4.1 |
3.9 |
3.6 |
7.1 |
|
NOP Dividend Income |
18.7 |
2.0 |
13.1 |
2.3 |
14.8 |
|
NOP Exchange Gain |
- |
45.5 |
- |
47.9 |
0.0 |
|
NOP Equity in Earnings |
5.6 |
7.7 |
2.2 |
6.2 |
16.1 |
|
NOP Other Non-Op. Income |
2.0 |
10.1 |
22.2 |
5.1 |
17.0 |
|
NOP Interest Expense |
-18.6 |
-17.8 |
-18.0 |
-17.3 |
-36.0 |
|
NOP Exchange Loss |
-8.4 |
- |
-51.1 |
- |
-29.8 |
|
NOP Equity loss |
- |
- |
0.0 |
- |
0.0 |
|
NOP Other Non-Op. Exp. |
-5.7 |
-4.9 |
- |
-20.4 |
-16.1 |
|
SP Gain/Fix. Asset Sale |
6.8 |
1.5 |
4.1 |
8.1 |
6.2 |
|
SP Gain/Inv. Secs. Sale |
- |
0.0 |
3.2 |
- |
12.5 |
|
Net Income Before Taxes |
374.4 |
634.7 |
314.1 |
636.1 |
1,220.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
135.2 |
155.2 |
131.2 |
206.8 |
378.3 |
|
Net Income After Taxes |
239.2 |
479.5 |
183.0 |
429.3 |
842.4 |
|
|
|
|
|
|
|
|
Minority Interest |
-12.1 |
-12.1 |
-16.6 |
-20.6 |
-29.1 |
|
Net Income Before Extra. Items |
227.0 |
467.4 |
166.4 |
408.7 |
813.3 |
|
Net Income |
227.0 |
467.4 |
166.4 |
408.7 |
813.3 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
- |
0.1 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
227.0 |
467.4 |
166.4 |
408.6 |
813.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
227.0 |
467.4 |
166.4 |
408.6 |
813.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,166.9 |
1,167.0 |
1,167.2 |
1,167.5 |
1,167.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.19 |
0.40 |
0.14 |
0.35 |
0.70 |
|
Basic EPS Including ExtraOrdinary Item |
0.19 |
0.40 |
0.14 |
0.35 |
0.70 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
227.0 |
467.4 |
166.4 |
408.6 |
813.3 |
|
Diluted Weighted Average Shares |
1,259.1 |
1,259.1 |
1,258.7 |
1,259.3 |
1,258.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.18 |
0.37 |
0.13 |
0.32 |
0.65 |
|
Diluted EPS Including ExtraOrd Items |
0.18 |
0.37 |
0.13 |
0.32 |
0.65 |
|
DPS-Common Stock |
0.16 |
0.00 |
0.17 |
0.00 |
0.13 |
|
Gross Dividends - Common Stock |
185.9 |
0.0 |
197.9 |
0.0 |
153.2 |
|
Normalized Income Before Taxes |
555.8 |
709.7 |
699.5 |
670.8 |
1,249.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
199.0 |
172.3 |
290.2 |
216.8 |
384.9 |
|
Normalized Income After Taxes |
356.8 |
537.4 |
409.4 |
454.0 |
864.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
344.7 |
525.2 |
392.8 |
433.3 |
835.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.30 |
0.45 |
0.34 |
0.37 |
0.72 |
|
Diluted Normalized EPS |
0.27 |
0.42 |
0.31 |
0.34 |
0.66 |
|
R&D Expense |
145.7 |
120.2 |
124.8 |
121.3 |
204.3 |
|
Interest Expenses |
18.6 |
17.8 |
18.0 |
17.3 |
36.0 |
|
Depreciation |
341.9 |
333.9 |
338.7 |
314.7 |
601.3 |
|
Amortization of goodwill |
5.0 |
4.8 |
4.5 |
4.0 |
7.6 |
|
Reported Operating Profit |
552.9 |
658.2 |
719.6 |
639.5 |
1,256.5 |
|
Reported Ordinary Profit |
550.8 |
704.9 |
691.8 |
666.9 |
1,229.6 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.105 |
93.095 |
90.65 |
111.715 |
119.155 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash& Deposit |
1,128.1 |
901.8 |
924.1 |
737.6 |
676.5 |
|
Note&Acct.Rcvbl. |
2,934.0 |
2,422.0 |
2,301.1 |
2,564.2 |
2,476.4 |
|
Marketable Secs. |
838.4 |
214.8 |
0.0 |
- |
- |
|
Inventories |
- |
- |
- |
2,127.6 |
2,083.3 |
|
Inventories-merchandise&finished goods |
913.9 |
834.1 |
1,178.2 |
- |
- |
|
Inventories-work in process |
477.6 |
371.7 |
546.9 |
- |
- |
|
Inventories-raw material&supplies |
782.8 |
690.6 |
780.3 |
- |
- |
|
Advance |
- |
8.8 |
12.8 |
10.5 |
15.4 |
|
Prepaid Expenses |
- |
48.1 |
88.3 |
52.6 |
53.0 |
|
Deferred Taxes |
264.5 |
176.4 |
218.8 |
136.3 |
137.2 |
|
Other Current |
452.6 |
391.6 |
544.9 |
487.0 |
684.0 |
|
Bad Debt Allow. |
-62.4 |
-60.6 |
-57.1 |
-54.7 |
-59.5 |
|
Total Current Assets |
7,729.6 |
5,999.3 |
6,538.4 |
6,061.1 |
6,066.2 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
6,558.6 |
5,875.6 |
5,790.8 |
5,174.9 |
4,579.6 |
|
Buildings & structures, dep. |
-3,571.6 |
-3,132.4 |
-3,049.5 |
-2,678.1 |
- |
|
Machineries, equip., & vehicle, gross |
18,213.5 |
16,134.9 |
15,600.6 |
14,368.1 |
12,912.3 |
|
Machineries, equip., & vehicle, dep. |
-12,583.8 |
-11,167.9 |
-10,443.4 |
-9,722.2 |
- |
|
Tools, furniture, & fixtures, gross |
1,188.9 |
1,048.7 |
1,067.4 |
947.5 |
930.3 |
|
Tools, furniture, & fixtures, dep. |
-1,022.5 |
-895.6 |
-890.4 |
-778.3 |
- |
|
Land |
994.6 |
898.0 |
1,045.4 |
1,003.4 |
1,040.7 |
|
Lease, gross |
55.1 |
60.3 |
0.0 |
- |
- |
|
Depre.- lease |
-13.0 |
-12.3 |
0.0 |
- |
- |
|
Constr.-in-Prog. |
800.9 |
1,162.1 |
1,453.8 |
1,111.8 |
1,242.6 |
|
Depreciation |
- |
- |
- |
- |
-12,245.0 |
|
Goodwill |
214.2 |
169.2 |
214.8 |
201.0 |
232.2 |
|
Other Intangible |
272.6 |
219.8 |
239.4 |
203.8 |
251.0 |
|
Investment Secs. |
1,864.3 |
1,716.6 |
1,906.1 |
2,572.1 |
2,617.1 |
|
Equity secs.-nonconsol affil.&sub. |
445.2 |
429.8 |
- |
- |
- |
|
LT Loans |
67.7 |
72.9 |
74.0 |
77.6 |
63.4 |
|
LT Prepaid Exp. |
24.1 |
24.6 |
46.7 |
37.3 |
52.5 |
|
Deferred Taxes |
383.9 |
396.9 |
508.9 |
223.7 |
155.4 |
|
Other Asset |
160.7 |
162.3 |
135.9 |
86.2 |
170.6 |
|
Bad Debt Allow. |
-33.0 |
-22.5 |
-19.9 |
-21.8 |
-30.9 |
|
Deferred share issue expenses |
- |
- |
0.0 |
0.1 |
0.2 |
|
Deferred bond issue expenses |
- |
- |
0.0 |
1.8 |
1.8 |
|
Deferred development expenses |
- |
- |
- |
0.0 |
0.0 |
|
Adjustment |
-0.1 |
- |
-0.1 |
-0.1 |
-0.1 |
|
Total Assets |
21,749.9 |
19,140.3 |
20,218.7 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
Note&Acct. Pay. |
1,533.2 |
1,388.2 |
1,824.5 |
1,583.9 |
1,511.7 |
|
Short-term loans payable |
330.7 |
381.0 |
2,193.5 |
869.0 |
724.8 |
|
Current LT Debt |
413.9 |
307.0 |
132.5 |
125.4 |
158.1 |
|
Commercial Paper |
94.2 |
16.1 |
392.3 |
112.4 |
486.0 |
|
Curr.Port. Bond |
402.4 |
34.0 |
485.3 |
116.0 |
411.5 |
|
Convertible bonds (current) |
- |
- |
0.0 |
876.6 |
0.0 |
|
Other Payable |
540.3 |
441.3 |
609.7 |
578.4 |
716.8 |
|
Accrued Expenses |
252.8 |
203.0 |
325.5 |
195.7 |
180.0 |
|
Income Tax Pybl. |
596.9 |
191.1 |
116.6 |
360.9 |
84.4 |
|
Sec.Deposit |
358.5 |
291.9 |
342.8 |
260.3 |
256.9 |
|
Employee Deposit |
- |
1.4 |
2.5 |
2.5 |
2.8 |
|
Deferred Taxes |
- |
13.1 |
13.2 |
4.2 |
2.9 |
|
Res. Accrued Bonus |
96.0 |
68.0 |
81.5 |
70.6 |
59.9 |
|
Reserve for director's bonuses |
1.8 |
1.4 |
1.9 |
1.6 |
1.0 |
|
Repair Allow. |
38.9 |
30.2 |
26.2 |
24.7 |
17.1 |
|
Res.Restruct. |
22.1 |
50.7 |
12.6 |
72.3 |
58.1 |
|
Reserve for restructuring expenses |
- |
- |
- |
- |
0.0 |
|
Reserve for EU Antitrust realted |
- |
0.0 |
160.2 |
298.4 |
- |
|
Other |
277.7 |
186.4 |
245.7 |
217.6 |
514.7 |
|
Total Current Liabilities |
4,959.4 |
3,604.7 |
6,966.5 |
5,770.3 |
5,186.8 |
|
|
|
|
|
|
|
|
Corporate Bond |
1,630.6 |
1,774.0 |
1,054.5 |
1,259.2 |
1,885.4 |
|
Bond with stock purchase warrants |
1,233.0 |
1,074.2 |
0.0 |
- |
- |
|
Long Term Debt |
2,125.2 |
2,830.3 |
2,334.3 |
1,396.6 |
1,158.9 |
|
Total Long Term Debt |
4,988.7 |
5,678.4 |
3,388.8 |
2,655.9 |
3,044.2 |
|
|
|
|
|
|
|
|
Deferred Taxes |
186.1 |
143.0 |
148.4 |
282.0 |
508.7 |
|
Res.Retire.Benef |
730.9 |
690.3 |
659.5 |
544.0 |
575.4 |
|
Res.Dir.'s Reitr |
3.7 |
4.3 |
4.7 |
3.9 |
10.9 |
|
Repair Reserve |
59.0 |
77.7 |
206.8 |
163.3 |
158.1 |
|
Restruct. Rsrv. |
149.5 |
72.4 |
55.3 |
66.5 |
18.1 |
|
Other Fix Liab. |
194.6 |
186.8 |
174.6 |
188.0 |
214.4 |
|
Minority Int. |
496.8 |
563.3 |
549.5 |
649.1 |
682.0 |
|
Total Liabilities |
11,768.8 |
11,020.9 |
12,154.3 |
10,323.1 |
10,398.6 |
|
|
|
|
|
|
|
|
Common Stock |
1,120.4 |
976.1 |
1,002.5 |
813.3 |
759.3 |
|
Paid-in-Capital |
1,195.5 |
1,041.5 |
1,069.6 |
867.8 |
810.4 |
|
Retained Earning |
9,231.9 |
6,970.7 |
7,283.4 |
5,670.0 |
4,894.3 |
|
Treasury Shares |
-267.1 |
-227.2 |
-233.2 |
-125.6 |
-115.8 |
|
Unrlzd. Gain/Sec |
475.4 |
457.5 |
279.4 |
913.3 |
1,034.9 |
|
Deferred hedge gain/loss |
1.0 |
-3.2 |
-42.0 |
18.2 |
-8.7 |
|
Val. Excess Land |
- |
0.0 |
0.7 |
0.6 |
0.5 |
|
Foreign Currency |
-1,791.7 |
-1,106.7 |
-1,303.3 |
385.9 |
266.2 |
|
New Stock Subscription Right |
15.7 |
10.7 |
7.4 |
3.5 |
0.0 |
|
Total Equity |
9,981.1 |
8,119.4 |
8,064.5 |
8,547.0 |
7,641.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
21,749.9 |
19,140.3 |
20,218.8 |
18,870.1 |
18,039.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
Total Common Shares Outstanding |
1,167.0 |
1,167.6 |
1,167.7 |
1,173.6 |
1,172.9 |
|
T/S-Common Stock |
19.7 |
19.1 |
19.0 |
13.1 |
13.1 |
|
Full-Time Employees |
50,399 |
47,618 |
47,770 |
49,710 |
54,228 |
|
Number of Common Shareholders |
49,042 |
49,302 |
53,395 |
42,347 |
46,407 |
|
LT debt maturing within 1yr |
910.5 |
357.1 |
617.8 |
1,118.0 |
569.6 |
|
LT debt maturing within 2yr |
1,730.9 |
962.1 |
517.7 |
482.9 |
1,081.9 |
|
LT debt maturing within 3yr |
635.8 |
1,791.3 |
703.7 |
451.6 |
452.4 |
|
LT debt maturing within 4yr |
1,225.2 |
627.2 |
667.0 |
384.6 |
389.8 |
|
LT debt maturing within 5yr |
249.7 |
1,051.0 |
437.2 |
451.2 |
589.8 |
|
LT debt maturing thereafter |
1,147.1 |
1,246.8 |
1,063.3 |
885.6 |
530.3 |
|
Total Long Term Debt, Supplemental |
5,899.2 |
6,035.5 |
4,006.7 |
3,773.8 |
3,613.8 |
|
Capital lease maturing within 1yr |
3.0 |
2.6 |
- |
- |
- |
|
Capital lease maturing within 2yr |
4.7 |
3.5 |
- |
- |
- |
|
Capital lease maturing within 3yr |
2.9 |
2.1 |
- |
- |
- |
|
Capital lease maturing within 4yr |
2.3 |
2.1 |
- |
- |
- |
|
Capital lease maturing within 5yr |
2.1 |
2.0 |
- |
- |
- |
|
Capital lease remaining |
24.7 |
23.4 |
- |
- |
- |
|
Total Capital Leases |
39.8 |
35.8 |
- |
- |
- |
|
Pension Obligation |
3,650.3 |
3,247.8 |
3,294.4 |
2,853.9 |
2,882.7 |
|
Fair Value of Plan Assets |
2,459.2 |
2,141.4 |
1,953.1 |
2,503.4 |
2,509.7 |
|
Funded Status |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Total Funded Status |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.4 |
-373.0 |
|
Discount Rate |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return |
2.80% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Reserve for Accrued Retirement Benefits |
-730.9 |
-690.3 |
-659.5 |
-544.0 |
-575.4 |
|
Prepaid Pension Benefits |
5.3 |
3.3 |
3.6 |
2.5 |
1.6 |
|
Unrecognized Actuarial Gains and Losses |
-689.1 |
-628.7 |
-896.2 |
1.8 |
122.8 |
|
Unrecognized Prior Service Cost |
223.6 |
209.3 |
210.8 |
189.2 |
78.0 |
|
Net Assets Recognized on Balance Sheet |
-1,191.1 |
-1,106.4 |
-1,341.3 |
-350.5 |
-373.0 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash & Deposit |
916.3 |
1,196.8 |
1,128.1 |
1,118.3 |
981.5 |
|
Note&Acct.Rcvbl. |
2,785.5 |
2,731.9 |
2,934.0 |
2,754.6 |
2,670.4 |
|
Marketable securities |
1,077.3 |
651.5 |
838.4 |
538.7 |
339.0 |
|
Inventories-merchandise&finished goods |
1,088.3 |
937.6 |
913.9 |
894.9 |
804.6 |
|
Inventories-work in process |
530.3 |
524.7 |
477.6 |
470.5 |
431.7 |
|
Inventories-raw material&supplies |
916.1 |
860.1 |
782.8 |
763.1 |
700.5 |
|
Other |
768.3 |
684.0 |
717.1 |
717.9 |
643.5 |
|
Allowance for doubtful accounts |
-61.7 |
-65.6 |
-62.4 |
-61.6 |
-55.6 |
|
Total Current Assets |
8,020.4 |
7,521.1 |
7,729.6 |
7,196.4 |
6,515.5 |
|
|
|
|
|
|
|
|
Buildings & Structures |
6,776.8 |
6,617.3 |
6,558.6 |
6,454.8 |
6,020.7 |
|
Buildings & structures Dep. |
-3,717.6 |
-3,604.5 |
-3,571.6 |
-3,476.9 |
-3,227.2 |
|
Machinery&Equip. |
18,871.2 |
18,491.6 |
18,213.5 |
17,946.8 |
16,525.3 |
|
Machinery&Equip. Dep. |
-13,235.1 |
-12,766.2 |
-12,583.8 |
-12,346.2 |
-11,355.0 |
|
Land |
1,006.1 |
981.9 |
994.6 |
974.2 |
915.7 |
|
Constr.-in-Prog. |
1,132.3 |
793.6 |
800.9 |
792.8 |
883.8 |
|
Other PPE. gross |
1,278.3 |
1,241.3 |
1,244.0 |
1,211.9 |
1,141.3 |
|
Other PPE. Dep. |
-1,065.5 |
-1,034.5 |
-1,035.5 |
-1,009.8 |
-949.7 |
|
Goodwill |
214.7 |
214.4 |
214.2 |
169.2 |
161.6 |
|
Other Intangible |
282.8 |
271.5 |
272.6 |
215.1 |
199.1 |
|
Investment Secs. |
2,209.4 |
2,256.7 |
2,309.5 |
2,099.3 |
1,913.8 |
|
Other investment&assets |
698.2 |
641.2 |
636.4 |
782.8 |
781.5 |
|
Allowance for doubtful accounts |
-38.4 |
-38.4 |
-33.0 |
-33.6 |
-28.2 |
|
Adjustment |
- |
-0.1 |
-0.1 |
- |
- |
|
Total Assets |
22,433.5 |
21,586.9 |
21,749.9 |
20,976.9 |
19,498.3 |
|
|
|
|
|
|
|
|
Note&Acct. Pay. |
1,517.2 |
1,457.9 |
1,533.2 |
1,446.5 |
1,333.5 |
|
ST Loans |
1,051.3 |
718.5 |
330.7 |
487.2 |
425.4 |
|
Current LT Debt |
- |
- |
413.9 |
- |
- |
|
Commercial Paper |
0.0 |
90.3 |
94.2 |
83.0 |
108.8 |
|
Curr.Port. Bond |
403.1 |
392.8 |
402.4 |
102.7 |
11.3 |
|
Income Tax Pybl. |
355.9 |
305.9 |
596.9 |
599.1 |
454.6 |
|
Reserves |
178.4 |
222.2 |
158.8 |
222.4 |
107.9 |
|
Other |
1,628.0 |
1,414.0 |
1,429.3 |
1,247.8 |
1,343.7 |
|
Total Current Liabilities |
5,134.0 |
4,601.5 |
4,959.4 |
4,188.8 |
3,785.2 |
|
|
|
|
|
|
|
|
Corporate Bond |
1,626.9 |
1,597.6 |
1,630.6 |
1,872.5 |
1,851.7 |
|
Long Term Debt |
1,909.7 |
2,115.0 |
2,125.2 |
2,427.2 |
2,335.5 |
|
Bonds with subscription rights |
1,238.2 |
1,206.6 |
1,233.0 |
1,197.0 |
1,130.1 |
|
Total Long Term Debt |
4,774.8 |
4,919.1 |
4,988.7 |
5,496.8 |
5,317.2 |
|
|
|
|
|
|
|
|
Res. Accr.Retire.Bnft |
745.0 |
746.3 |
730.9 |
730.2 |
687.9 |
|
Repair Reserve |
65.6 |
60.9 |
59.0 |
59.1 |
53.4 |
|
Other reserves |
150.5 |
151.6 |
153.2 |
56.1 |
56.0 |
|
Other |
340.9 |
322.0 |
380.7 |
348.9 |
332.8 |
|
Minority Int. |
510.7 |
500.1 |
496.8 |
611.3 |
577.1 |
|
Total Liabilities |
11,721.4 |
11,301.7 |
11,768.8 |
11,491.1 |
10,809.6 |
|
|
|
|
|
|
|
|
Common Stock |
1,125.2 |
1,096.4 |
1,120.4 |
1,087.8 |
1,026.9 |
|
Paid-in-Capital |
1,200.6 |
1,169.9 |
1,195.5 |
1,160.7 |
1,095.7 |
|
Retained Earning |
9,774.4 |
9,300.8 |
9,231.9 |
8,798.5 |
8,068.3 |
|
Treasury Shares |
-269.0 |
-262.0 |
-267.1 |
-254.1 |
-239.8 |
|
Unrlzd. Gain/Sec |
418.7 |
443.3 |
475.4 |
368.1 |
310.7 |
|
Deferred hedge gain/loss |
10.4 |
11.8 |
1.0 |
-6.4 |
-10.8 |
|
Foreign Currency |
-1,564.6 |
-1,490.9 |
-1,791.7 |
-1,684.0 |
-1,573.7 |
|
New Stock Subscription Right |
16.3 |
15.8 |
15.7 |
15.2 |
11.3 |
|
Total Equity |
10,712.0 |
10,285.2 |
9,981.1 |
9,485.8 |
8,688.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
22,433.5 |
21,586.9 |
21,749.9 |
20,976.9 |
19,498.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,166.9 |
1,166.9 |
1,167.0 |
1,167.5 |
1,167.5 |
|
Total Common Shares Outstanding |
1,166.9 |
1,166.9 |
1,167.0 |
1,167.5 |
1,167.5 |
|
T/S-Common Stock |
19.8 |
19.8 |
19.7 |
19.2 |
19.2 |
|
Full-Time Employees |
50,523 |
49,852 |
50,399 |
50,286 |
49,478 |
|
© 1983-2011
Reuters Research Inc. All Rights Reserved. |
|
|
Published by OneSource
Information Services, Inc., November, 2011. |
|
|
|
|
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
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) |
87.789317 |
93.619712 |
103.395546 |
117.767199 |
116.323825 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
Azsa Audit Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
2,188.9 |
432.6 |
677.8 |
868.0 |
329.2 |
|
Depreciation |
1,252.6 |
1,459.9 |
1,308.7 |
1,144.2 |
1,082.5 |
|
Impairment Loss |
141.4 |
195.9 |
115.3 |
161.8 |
391.6 |
|
Amort. of Goodwill |
16.0 |
15.6 |
19.1 |
19.5 |
68.1 |
|
Reserves |
14.3 |
-160.1 |
-209.5 |
225.9 |
35.8 |
|
Int.&Div. Income |
-44.5 |
-48.5 |
-70.3 |
-63.4 |
-59.4 |
|
Interest Expense & commercial paper |
- |
- |
- |
157.0 |
159.8 |
|
Interest Expense |
71.3 |
107.2 |
135.4 |
- |
- |
|
Exchange Loss |
70.8 |
-66.9 |
230.9 |
6.7 |
-45.2 |
|
Equity in Earnings |
-24.9 |
4.8 |
6.1 |
-32.9 |
-28.6 |
|
Sale/valuation of investment securities |
-15.3 |
3.7 |
-3.8 |
- |
- |
|
Sale/retirement of fixed assets |
38.2 |
40.6 |
23.3 |
- |
- |
|
Sale of Secs.&Asset |
- |
- |
- |
-127.3 |
-99.1 |
|
Receivables |
-278.6 |
-151.0 |
440.9 |
-188.4 |
145.4 |
|
Inventories |
-140.3 |
568.5 |
-221.0 |
-20.1 |
25.7 |
|
Payables |
40.8 |
-418.6 |
53.5 |
157.3 |
-162.4 |
|
Others |
229.7 |
66.5 |
76.6 |
-78.5 |
251.9 |
|
Int.&Div. Received |
64.1 |
75.0 |
83.4 |
76.2 |
62.0 |
|
Interest Paid |
-73.3 |
-111.2 |
-141.9 |
-157.4 |
-157.9 |
|
Income Tax Paid |
-297.2 |
-84.2 |
-570.8 |
-211.6 |
-503.4 |
|
Income tax refund |
- |
- |
31.7 |
149.8 |
0.0 |
|
Cash Reconciliation |
- |
- |
-4.6 |
-4.0 |
-2.9 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
3,254.0 |
1,930.0 |
1,980.6 |
2,082.8 |
1,492.9 |
|
|
|
|
|
|
|
|
Time Depo.Made |
-363.7 |
-373.9 |
-508.5 |
-272.2 |
-81.4 |
|
Time Depo.Matured |
372.6 |
535.5 |
445.7 |
241.6 |
43.6 |
|
Capital Expenditures |
-1,301.1 |
-1,423.4 |
-2,458.6 |
-2,082.0 |
-2,081.4 |
|
Sale of Property |
41.7 |
73.6 |
84.4 |
245.6 |
124.3 |
|
Purch./Inv. Secs. |
-19.9 |
-2.9 |
-117.2 |
-45.6 |
-52.2 |
|
Purchase of investments in subsidiaries |
-163.1 |
0.0 |
- |
- |
- |
|
Proc./Inv. Secs. |
39.7 |
2.3 |
44.7 |
25.0 |
226.8 |
|
Pay-Purch. sub's sec.(consol. change) |
-28.6 |
0.0 |
- |
- |
- |
|
Pro.-Purch. sub's sec.(consol. change) |
1.3 |
0.0 |
- |
- |
- |
|
Sale subsidiaries' securities(con. chang |
0.0 |
7.8 |
0.0 |
171.5 |
0.0 |
|
Outflow due to sale subsidiaries' securi |
- |
- |
0.0 |
-35.3 |
0.0 |
|
Other |
1.2 |
-53.3 |
-10.3 |
-30.3 |
-6.3 |
|
Cash from Investing Activities |
-1,419.8 |
-1,234.4 |
-2,519.7 |
-1,781.6 |
-1,826.6 |
|
|
|
|
|
|
|
|
ST Loans/Com. Paper |
14.9 |
-2,140.7 |
1,408.1 |
13.4 |
391.8 |
|
Proc./Long Term Debt |
5.4 |
1,522.6 |
860.7 |
548.9 |
470.2 |
|
Pay./Long Term Debt |
-817.0 |
-807.3 |
-147.9 |
-458.9 |
-466.0 |
|
Bonds Issued |
0.0 |
1,811.9 |
0.0 |
202.1 |
183.9 |
|
Redemption of Bonds |
-31.1 |
-436.3 |
-1,064.5 |
-414.4 |
-98.2 |
|
Purchase Borrow Mkbl. Secs |
- |
- |
- |
- |
0.0 |
|
Purch.Treas.Stock |
-6.9 |
-1.0 |
-72.4 |
-5.1 |
-4.0 |
|
Redemption Preferred Stock |
- |
- |
- |
- |
0.0 |
|
Cash Dividends |
-266.0 |
-249.4 |
-249.0 |
-198.6 |
-171.7 |
|
Other |
-47.4 |
-21.2 |
-23.5 |
6.3 |
2.5 |
|
Cash from Financing Activities |
-1,148.1 |
-321.4 |
711.4 |
-306.4 |
308.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-37.6 |
11.4 |
-99.9 |
2.3 |
13.4 |
|
Net Change in Cash |
648.4 |
385.6 |
72.5 |
-3.0 |
-11.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,092.0 |
638.5 |
505.6 |
446.9 |
464.3 |
|
Net Cash - Ending Balance |
1,740.4 |
1,024.0 |
578.1 |
443.9 |
452.4 |
|
Cash Interest Paid |
73.3 |
111.2 |
141.9 |
157.4 |
157.9 |
|
Cash Taxes Paid |
297.2 |
84.2 |
539.1 |
61.8 |
503.4 |
Interim Cash Flows
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 |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.907322 |
82.241044 |
87.789317 |
89.557582 |
91.441557 |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
1,010.3 |
634.7 |
2,188.9 |
1,856.0 |
1,220.6 |
|
Depreciation |
675.9 |
333.9 |
1,252.6 |
915.6 |
601.3 |
|
Impairment Loss |
0.0 |
0.0 |
141.4 |
2.1 |
2.1 |
|
Amort. of Goodwill |
9.8 |
4.8 |
16.0 |
11.6 |
7.6 |
|
Reserves |
23.6 |
94.1 |
14.3 |
-1.5 |
-105.1 |
|
Int./Div. Income |
-29.1 |
-6.1 |
-44.5 |
-27.9 |
-21.9 |
|
Interest expenses |
36.6 |
17.8 |
71.3 |
53.3 |
36.0 |
|
Exchange Gain/Loss |
-30.6 |
-35.3 |
70.8 |
44.7 |
37.2 |
|
Equity gain/loss |
-13.2 |
-7.7 |
-24.9 |
-22.5 |
-16.1 |
|
G/L Sale/Valuation of LT inv't secs. |
0.4 |
0.1 |
-15.3 |
-12.2 |
-12.0 |
|
G/L Sale/Retire. of fixed assets |
11.6 |
9.1 |
38.2 |
15.3 |
7.4 |
|
Receivables |
197.6 |
201.1 |
-278.6 |
-163.2 |
-217.7 |
|
Inventories |
-309.5 |
-143.3 |
-140.3 |
-113.4 |
-46.5 |
|
Payables |
-62.2 |
-94.6 |
40.8 |
-15.6 |
-34.0 |
|
Others |
116.5 |
-89.8 |
229.7 |
33.3 |
158.3 |
|
Int.&Div. Received |
47.2 |
6.5 |
64.1 |
42.9 |
36.3 |
|
Interest Paid |
-36.0 |
-17.6 |
-73.3 |
-54.7 |
-37.3 |
|
Income Tax Paid |
-533.8 |
-421.6 |
-297.2 |
-201.7 |
-99.9 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
1,115.0 |
486.2 |
3,254.0 |
2,362.2 |
1,516.4 |
|
|
|
|
|
|
|
|
Time Depo.Made |
-173.7 |
-75.6 |
-363.7 |
-268.4 |
-139.0 |
|
Time Depo.Matured |
200.4 |
124.5 |
372.6 |
261.4 |
131.7 |
|
Capital Expenditures |
-800.6 |
-328.5 |
-1,301.1 |
-932.5 |
-580.9 |
|
Sale of Property |
27.4 |
13.1 |
41.7 |
25.3 |
15.5 |
|
Purch./Inv. Secs. |
-6.6 |
-5.1 |
-19.9 |
-13.7 |
-10.5 |
|
Proc.-sale&redemption Inv. Secs. |
4.4 |
0.8 |
39.7 |
28.7 |
27.5 |
|
Purchase of investments in subsidiaries |
-15.8 |
-15.1 |
-163.1 |
- |
0.0 |
|
Outflow Purch. sub's sec.(cons. change) |
- |
- |
-28.6 |
- |
- |
|
Proc. Purch. sub's inv't sec. (consol) |
- |
- |
1.3 |
1.3 |
- |
|
Sale subsidiaries' securities(cons. chan |
- |
- |
0.0 |
- |
- |
|
Other |
-16.1 |
-1.0 |
1.2 |
-2.8 |
-7.7 |
|
Cash from Investing Activities |
-780.6 |
-286.9 |
-1,419.8 |
-900.8 |
-563.4 |
|
|
|
|
|
|
|
|
ST Loans/Com. Paper |
-78.2 |
-66.7 |
14.9 |
13.8 |
19.2 |
|
Proc./Long Term Debt |
115.1 |
25.4 |
5.4 |
4.1 |
2.3 |
|
Pay./Long Term Debt |
-134.3 |
-21.0 |
-817.0 |
-743.7 |
-651.7 |
|
Bonds Issued |
- |
- |
0.0 |
0.0 |
0.0 |
|
Bond Redemption |
-9.3 |
- |
-31.1 |
-30.5 |
-29.8 |
|
Proceeds stock issuance to minority |
6.3 |
6.2 |
- |
- |
0.0 |
|
Purch.Treas.Stock |
-0.8 |
-0.6 |
-6.9 |
-1.1 |
-0.9 |
|
Cash Dividends |
-199.5 |
-198.6 |
-266.0 |
-260.7 |
-102.1 |
|
Other |
-18.8 |
-10.8 |
-47.4 |
-29.8 |
-15.1 |
|
Cash from Financing Activities |
-319.4 |
-266.0 |
-1,148.1 |
-1,047.8 |
-778.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
22.4 |
32.2 |
-37.6 |
-24.4 |
-27.0 |
|
Net Change in Cash |
37.4 |
-34.6 |
648.4 |
389.1 |
147.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,865.4 |
1,857.9 |
1,092.0 |
1,070.5 |
1,048.4 |
|
Net Cash - Ending Balance |
1,902.8 |
1,823.2 |
1,740.4 |
1,459.6 |
1,196.2 |
|
Cash Interest Paid |
36.0 |
17.6 |
73.3 |
54.7 |
37.3 |
|
Cash Taxes Paid |
533.8 |
421.6 |
297.2 |
201.7 |
99.9 |
Geographic Segments
Financials in: As Reported (mil)
|
Annual |
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Geographic Segments
Financials in: As Reported (mil)
|
Interim |
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Business Segments
Financials in: As Reported (mil)
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Annual |
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Business Segments
Financials in: As Reported (mil)
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Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
UK Pound |
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.68.26 |
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.