MIRA INFORM REPORT
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Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
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Name : |
NIPPON SHEET GLASS COMPANY, LIMITED |
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Registered Office : |
3-5-27 Mita, Minato-ku, 108-0073 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
November 1918 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is operate in Construction-uses Glass segment, Automobile-uses Glass segment and Functional Glass segment |
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 : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
Nippon Sheet Glass Company, Limited
3-5-27 Mita
Minato-ku, 108-0073
Japan
Tel: 81-3-54439527
Fax: 81 (3) 5443-9566
Web: www.nsg.co.jp
synthesis
Employees: 29,340
Company Type: Public Parent
Corporate Family: 208
Companies
Traded: Tokyo
Stock Exchange: 5202
Incorporation Date:
Nov-1918
Auditor: Ernst & Young LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: Japanese
Yen
Annual Sales: 6,735.9 1
Net Income: 19.4
Total Assets: 10,480.1 2
Market Value: 1,756.7
(04-Nov-2011)
Business Description
Nippon Sheet Glass
Company, Limited operates in four business segments. The Construction-uses
Glass segment provides float plate glass, polished wire glass, heat absorbing
glass, heat reflecting glass, reinforced glass, laminated glass, double-layer
glass, vacuum glass, fireproof glass, template glass, as well as mirror and
ornamental glass. The Automobile-uses Glass segment offers float plate glass,
laminated glass, reinforced glass, infrared ray cutting glass, glass antenna,
water-shedding glass, light control glass, antifogging glass and security
glass. The Functional Glass segment offers optical products including SELFOC
lens arrays, SELFOC micro-lens and optical components; fine glass products,
such as ultra-thin sheets and transparent conductive glass, as well as
industrial glass, glass for liquid crystal displays, specialty glass fibers and
environmental conservation equipment. The Others segment is involved in the
equipment engineering and test analysis. For the six months ended 30 September
2011, Nippon Sheet Glass Company, Limited's revenues decreased 2% to Y288.54B.
The Company's net income increased 16% to Y5.73B. Revenues reflect lower sales
especially from the automobile-use glass business segment. Higher net income
benefited from lower percentage of SGA expense, as well as an increase in
equity gain, and decreased other interest expense.
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
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Name |
Title |
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Craig G. Naylor |
President, Chief Executive Officer,
Representative Executive Officer, Director |
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Mark Lyons |
Chief Financial Officer, Executive
Officer, Director |
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Phil Millichap |
Senior Executive Officer, Assistant
Manager of Direct Sales in Auto Business Division |
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Phil Wilkinson |
Senior Executive Officer, Senior Director
of Information System |
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Tom Rae |
Senior Executive Officer, Senior Director
of Purchase |
Significant Developments
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Topic |
#* |
Most Recent
Headline |
Date |
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Expansion / New Markets / New Units |
1 |
Nippon Sheet Glass Company, Limited to
Establish New Subsidiary |
20-Jun-2011 |
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Debt Ratings |
1 |
R&I Reaffirms Nippon Sheet Glass
Company, Limited's Rating at "BBB"; Rating Outlook Stable |
8-Jul-2011 |
* number of significant developments within the last 12 months
News
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Title |
Date |
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Tokyo Most
Actives |
18-Nov-2011 |
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Tokyo Stock
Exchange: closing price list -6- |
18-Nov-2011 |
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Tokyo Stock
Exchange: closing price list -6- |
18-Nov-2011 |
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Tokyo Most
Actives |
16-Nov-2011 |
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Tokyo Stock
Exchange: closing price list -6- |
16-Nov-2011 |
Financial Summary
As of 30-Sep-2011
Key Ratios Company Industry
Current Ratio (MRQ) 1.64 2.87
Quick Ratio (MRQ) 0.99 1.37
Debt to Equity (MRQ) 2.34 0.76
Sales 5 Year Growth 16.77 1.49
Net Profit Margin (TTM) % 1.44 3.92
Return on Assets (TTM) % 1.00 2.89
Return on Equity (TTM) % 3.52 4.01
Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88
Corporate Overview
Location
3-5-27 Mita
Minato-ku, 108-0073
Japan
Tel: 81-3-54439527
Fax: 81 (3) 5443-9566
Web: www.nsg.co.jp
Quote Symbol - Exchange
5202 - Tokyo Stock
Exchange
Sales JPY(mil): 577,212.0
Assets JPY(mil): 868,588.0
Employees: 29,340
Fiscal Year End: 31-Mar-2011
Industry: Construction
- Supplies and Fixtures
Incorporation Date: Nov-1918
Company Type: Public
Parent
Quoted Status: Quoted
President, Chief Executive Officer,
Representative Executive Officer, Director: Craig G. Naylor
Company Web Links
· Corporate History/Profile
· Executives
· Financial Information
· Home Page
· Investor Relations
· News Releases
· Products/Services
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Market Data
· Shareholders
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
2010 - Glass and Glass Product Manufacturing
6923 - Engineering Design and Engineering Consulting Services
2429 - Other Electronic Equipment Manufacturing
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
2613 - Manufacture of hollow glass
3340 - Manufacture of optical instruments and photographic
equipment
3210 - Manufacture of electronic valves and tubes and other
electronic components
7487 - Other business activities not elsewhere classified
7420 - Architectural and engineering activities and related
technical consultancy
2611 - Manufacture of flat glass
NAICS 2002 Codes:
327212 - Other Pressed and Blown Glass and Glassware Manufacturing
334419 - Other Electronic Component Manufacturing
561990 - All Other Support Services
541330 - Engineering Services
327211 - Flat Glass Manufacturing
333314 - Optical Instrument and Lens Manufacturing
US SIC 1987:
8711 - Engineering Services
3229 - Pressed and Blown Glass and Glassware, Not Elsewhere
Classified
3211 - Flat Glass
3827 - Optical Instruments and Lenses
3679 - Electronic Components, Not Elsewhere Classified
7389 - Business Services, Not Elsewhere Classified
UK SIC 2003:
33402 - Manufacture of optical precision instruments
7487 - Other business activities not elsewhere classified
2613 - Manufacture of hollow glass
2611 - Manufacture of flat glass
3210 - Manufacture of electronic valves and tubes and other
electronic components
74204 - Engineering consultative and design activities
Business
Description
Nippon Sheet Glass
Company, Limited operates in four business segments. The Construction-uses
Glass segment provides float plate glass, polished wire glass, heat absorbing
glass, heat reflecting glass, reinforced glass, laminated glass, double-layer
glass, vacuum glass, fireproof glass, template glass, as well as mirror and
ornamental glass. The Automobile-uses Glass segment offers float plate glass,
laminated glass, reinforced glass, infrared ray cutting glass, glass antenna,
water-shedding glass, light control glass, antifogging glass and security
glass. The Functional Glass segment offers optical products including SELFOC
lens arrays, SELFOC micro-lens and optical components; fine glass products,
such as ultra-thin sheets and transparent conductive glass, as well as
industrial glass, glass for liquid crystal displays, specialty glass fibers and
environmental conservation equipment. The Others segment is involved in the
equipment engineering and test analysis. For the six months ended 30 September
2011, Nippon Sheet Glass Company, Limited's revenues decreased 2% to Y288.54B.
The Company's net income increased 16% to Y5.73B. Revenues reflect lower sales
especially from the automobile-use glass business segment. Higher net income
benefited from lower percentage of SGA expense, as well as an increase in
equity gain, and decreased other interest expense.
More Business
Descriptions
· Manufacture of flat glass including float and figured glass, heat-absorbing and heat-reflecting glass, wired glass, double-glazing insulating units, tempered and laminated glass, mirrors, wireless fire and safety rated glass; fibre glass including continuous filament, alkali-resistant glass fibre (glass fibre-reinforced cement) and glass paper; fibre optics including micro lens, step-index large-core fibre and cable, rod lens, leached image bundle; fine glass including ultra-thin flat glass, liquid crystal glass, solar battery glass substrate, industrial glass; glass disk; other products include aluminium sashes and fittings, decorative interior goods, wall decorating materials, soundproofing and sound-shielding system engineering, resinous coating materials and techniques, LCD
· NSG Group (Japan) major business areas consists of glass fibre, building and automotive products and information technology.
· Glass and Glass Product Manufacturing
Brand/Trade Names
Selfoc(R)
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Strategic Initiatives
Key Organizational Changes
The Group’s
integrated organization offers expanded scope for the development of
manufacturing excellence, through benchmarking, best practice and standard
operating procedures. It is also helping to address issues such as increasingly
global competition, a rapidly changing business environment and growing social
responsibilities. Vision, Mission, and Values and Principles After the
acquisition of Pilkington plc in 2006, our Values and Principles essentially
combined those of the former entities, whose approaches were very similar. Our
revised Mission statement defines our aim to be a world leader in supplying
high quality value-added products that help address climate change issues. It
also reiterates our commitment to operating in a safe and ethical way.
Resource Management
We have
established clear sustainability targets to be achieved by FY2015, and will
report on progress in our next Sustainability Report and on our website.
Management principles The fundamental principles of the Company’s basic management
policy are ensuring open and fair business dealings, adhering to corporate
ethical standards, and contributing to the resolution of global environmental
issues; all aimed at establishing a company with a spirit of innovation and a
global presence, maximizing value for all stakeholders. In August 2010, we
announced our intention to issue new ordinary shares in order to support the
Group’s future growth strategy. Final net proceeds were ¥40,237 million. The
proceeds are being used partly for capital expenditure supporting the Strategic
Management Plan (SMP) and partly for the repayment of preference shares and
other indebtedness.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
Nippon Sheet Glass
Company, Limited (NSG), one of the largest manufacturers of glass and glazing
products. It has manufacturing facilities across 29 countries and sales across
130 countries. Wide geographic reach and robust manufacturing base helped it to
tap large market potentials. However, uncertain economic outlook and
competitive pressure might have an impact on the company's business in future.
Strengths
Wide Geographic Reach
NSG has wide
geographical reach across the world, with manufacturing operations in 29
countries on four continents and sales in 130 countries. The company’s wide
presence across the world helped it to tap huge market potentials, as well as
take advantage of diversified sources of raw materials available in across
regions. The company has its presence across Japan, China, Canada, Mexico, the
US in North America; Argentina, Brazil, Chile in South America; Finland,
Germany, Italy, Poland, Russia, Spain, Sweden, the UK in Europe; and India,
Malaysia, Phillipines and Vietnam in South & South East Asia. NSG
manufactures and sales glass and glazing systems for building, automotive,
information technology, and glass fiber markets. The European region
contributed 41% of the total net sales of the company for the fiscal year 2011,
followed by Japan with 29%, North America 14% and the rest 16% by the rest of
the world.
Extensive Product Portfolio
The company
leverages its extensive product portfolio to tap huge market potentials across
the world. The company has three business lines worldwide, namely, Building
Products, Automotive and Specialty Glass. Building Products supply glass for
buildings, technical and solar energy applications. The products offered by the
Building Products busines line includes solar control, thermal insulation, fire
protection, noise control, safety and security, solar energy, self-cleaning,
and decoration glasses; and specialist glasses, such as low-iron float, very
thin float, curved glass, and switchable glasses, as well as structural glazing
systems. Automotive produces glass and glazing systems for vehicles worldwide.
The products offered by Automotive busines line consists of solar control glass
for passenger comfort; glass heating systems to control condensation and icing;
security glazing; glazing systems; and laminated side glazings, integrated
antennas, acoustic glazing, and roof lights. Automotive conducts research and
development and manufactures various optoelectronic products comprising SELFOC
lens arrays; SELGUIDE, a light source for image scanning; Planar SELGUIDE, a
surface light source; and SELFOC micro lenses, which are used as elements in
optical coupling assemblies and in passive optical components. Specialty Glass
business line operates in the display, office equipment and glass fiber
sectors. This business line manufactures ultra fine flat glasses, film-coated
glasses for LCDS; PDP optional filters and chip-on-glass LCD modules. It also
provides MICROGLAS CORD reinforcement material; glass flakes; METASHINE, a
glass based glittering filler; AGM separator, a component of valve regulated
lead acid batteries; PE separator for Starting, Lighting, Ignition (SLI)
batteries; and Separator for electric double layer capacitors.
Robust
Manufacturing Plants
NSG manufactures
and sales glass and glazing systems for building, automotive, information
technology, and glass fiber markets. With robust manufacturing facilities, the
company has the ability to increase its market share. NSG has presence across
130 countries with manufacturing facilities in 29 countries on four continents.
The company maintains 47 float lines worldwide and 29 automotive manufacturing
facilities in 15 countries and 14 specialty glass production sites. The Chinese
operations include 16 float lines, three automotive plants, a specialty glass
operations and rolled glass for photovoltaic. In addition, the European
operations include 13 float lines, an automotive original equipment (OE) plants
in seven countries, building products downstream in 10 countries, extensive
automotive glass replacement (AGR) network and specialty glass operations in
the UK. The company has presence across Japan with four float lines, building
products downstream network, three automotive OE and AGR network and six specialty
glass operations. Further, the South and South East Asian operations includes
two float lines and automotive operations in Malaysia, two float lines in
Vietnam, an automotive plant in India and specialty glass operations in the
Philippines. North American operations include six float lines, automotive OE
in the US, Canada and Mexico, extensive AGR network in the US, and specialty
glass operations in Canada. NSG also has presence across South America with six
float lines, building product downstream operations, automotive OE in Brazil
and Argentina and AGR Network. Presence across geographies provides an
opportunity for the company to utilize wide sources of raw materials and
localize operations with the advantage of a better labor force.
Weaknesses
Declining Market Share in Sector
A company needs to
grow at a substantial rate to ward off competition and support its operations
in future. The company reported continuous decrease in its revenue for four
years from 2008 through 2011. Its compounded annual growth rate (CAGR) for
revenue was (4.07%) during 2007-2011. This was below the Building Products
sector average* of 10.95%. A lower than sector average* revenue CAGR may
indicate that the company has underperformed the average sector growth and lost
market share over the last four years. The company's underperformance could be
attributed to a weak competitive position or inferior products and services
offering or lack of innovative products and services.
Rising Debt Obligation
NSG has been more
leveraged towards the debt component to fuel its acquisitions. It borrows funds
from various sources with varying maturities to ensure continuity of finance.
Highly leveraged towards debt obligation can have a negative impact on the
profitability margins of the company. The significant debt of the company
affects its financial performance as a large part of the company’s resources.
In the fiscal year 2011, the company has a total debt of JPY370072m outstanding
consisting of long term debt component of JPY314521m. Further, the company
reported a substantial debt to equity ratio of 170.81% and debt to capital
ratio of 55.47% in 2011. The company incurred this debt to meet its working
capital and capital expenditure needs. If it fails to comply with any of the
debt service requirements, the debt could become due and payable prior to its
scheduled maturity. Such huge debt requires the company to dedicate a
significant portion of its cash flow from operations to service interest and
principal payments. Any reduction in revenues and operating cash flows could
hinder the company’s ability to repay interest and principal, resulting in
defaults. Hence, such huge debt increases the financial burden on the company,
limiting the availability of cash for its growth.
Opportunities
Demand For Solar Panels
The company could
explore opportunity for its glass products in solar energy sector. NSG solar
product range - Pilkington Optiwhite, Sunplus and TEC Glass - suits for three
types of technologies. Glass is the important element in conversion of solar
power to clean energy. Growing demand for energy and concern for environment is
the prime driving factor. The governments across the world are encouraging the
use of solar power. Germany, Greece, Italy and Spain have implemented feed-in
tariffs to promote the technology. Further, the US and Japan announced
subsidies or tax incentives for utilizing solar applications. This indicates
that the company’s solar products range could result in healthy contribution
to the total revenue in future. The company acquired 100% control of Taicang
Pilkington China Glass Special Glass Limited in April 2010 to strengthen its
Solar Energy Business.
Demand for Sustainable Products
NSG could focus on
sustainable product market. Rising environmental concerns worldwide has created
an increased demand for sustainable building products. Buildings alone account
for almost 50% of the total energy consumed in developed countries. This has
led to an increased focus on legislation and policies to improve energy efficiency.
Initiatives such as the environmental building rating system (LEED) run by the
US Green Building Council across North America have helped in transforming
market for added-value glazing. In Europe, an EU-wide Energy Labeling system
for windows has been initiated. China also has planned legislation building
regulations to improve the energy efficiency of new buildings. The company on
the other hand, has implemented various programs to improve overall energy
consumption and CO2 emissions across its operations. In addition, it has also
taken initiatives such as infrared-absorptive and reflective glass and embedded
electrical heating technology for de-fogging to reduce energy consumption and
to find solutions for climate change. The product development initiatives
undertaken by the company enable it to cater to greater demand for sustainable
products in the coming years to follow.
Strategic Expansion
The company’s
various alliances and their successful business integration will complement its
scope of operations, besides driving its inorganic growth. The company is
expanding its manufacturing base in South East Asia and China. NSG Group
expanded its Automotive operations in South America. In August 2011, the
company entered into an agreement with Shanghai Yaohua Pilkington Glass Co.,
Ltd (SYP) to start production of the Group's NSG TE solar energy products in
China. In May 2011, the company expanded its Solar Energy and Touch Screen
glass capacity in Vietnam. Its joint venture company, Vidrios Lirquen with
Saint-Gobain Glass and Inversiones Pathfinder intended to build a new float
line in Lima, Peru. In April 2011, the company expanded its Energy-Saving Glass
Off-Line coating capacity in UK. In March 2011, the company announced major
expansion of Automotive glazing capacity and capability in Poland. In February
2011, announced the re-commissioning of its VGI float line at My Xuan in
southern Vietnam. Similar float line as VGI is being constructed at the same
site. NSG's online coating float lines will produce solar energy products to
eight (one in Japan, two in North America, two in Europe, two in Vietnam and
one in China). In December 2010, the company announced plans to expand and
upgrade its Automotive glazing operations in Mexicali, Mexico to continue to
deliver world class products into both the aftermarket and original equipment
markets. In November 2010, the company and Saint-Gobain announced plans to
build a new float glass plant in Bahia State, in northeastern Brazil. In
October 2010, the company's wholly-owned subsidiary, Nippon Sheet Glass
Business Assist Co., Ltd., has been merged with the parent company. In May
2010, the company and Saint-Gobain announced plans for the construction of a
new float glass plant in Jacarei, Sao Paulo, in Brazil. NSG entered into an
agreement with Shanghai Yaohua Pilkington Glass Co. Ltd, to expand its float
and coating operations in Tianjin, China.
Growth Opportunities in Emerging Markets
The company has an
opportunity gain contracts in emerging markets such as Brazil, India, China,
Middle East and countries in the Eastern Europe, which holds high growth
potential. Construction spending growth in Asia Pacific, though was slow in
2009-10, was still higher than any other region in the world. According to IMF,
growth rate of developing economies is around 4.8% in the year 2009 as compared
to negative growth in developed nations. The non-residential category accounts for
about 40% of construction spending. The rest of the market is divided almost
equally between the residential and infrastructure sectors. These markets are
likely to remain stable as many projects are financed through the use of
development bank funds throughout the regions. Further, India’s construction
spending is expected to increase from approximately 7% of its GDP in 2009-10 to
more than 9% in 2010-11. The construction spending in the country is expected
to increase from $ 175 billion in 2007 to $ 370 billion by the end of 2013. In
China, the residential building construction expenditures are expected to rise
at an annual pace of 8.4% through 2014. Furthermore, the dramatic growth of
both economy and population in the Middle East in recent years has increased
demand for supporting infrastructure and utility facilities. Several projects
are in pipeline and are likely to be completed before 2030. The projects in
various sectors amount to $ 1.3 trillion in civil engineering projects, $ 200
billion in transportation projects, $ 217 billion in power and water utilities
projects and $ 1.9 trillion in energy projects. As the company has its presence
in the Middle East it can use its vast experience of over 90 years in
manufacturing business to capitalize on these opportunities. The company
through its presence in these countries could gain immensely from the growth
opportunities provided.
Threats
Highly Regulated Environment
NSG faces the
challenge of managing operations across geographies governed by independent
policies and legislation. The company is operative in an environment, which is
highly regularized and its operations and facilities are subject to extensive
laws and regulations related to pollution and the protection of environment.
Air emissions, coupled with the generation, handling, storage, treatment and
disposal of hazardous wastes and other materials, and the remediation of
contaminated sites, fall under the scrutiny of governing bodies. Failure by the
company to comply with the applicable requirements or the permits required for
its operations could result in civil or criminal proceedings, penalties,
enforcement actions, and third party claims. As a result, safety laws and
regulations could become more stringent in the future and the company could
incur capital or operating costs. This may hamper its existence in the long
run. Over the years the company has been fined JPY22.5billion for infringement
of competition rules for building products. Further, the company also faced a
liability of incurring JPY45billion relating to infringement of competition
rules in the automotive glass segment in 2008. For the year ended March 2009,
the company was fined JPY43,448m by the European Commission for matters related
to investigation of the European car glass market. These fines recognized as
extraordinary items could result in significant impact on the overall
profitability of the company and could also affect the brand reputation.
Uncertain Economic Outlook
The uncertainties
in the Japanese economic outlook continues due to the aftermath of the Great
East Japan Earthquake. It is expected that the restoration effort and the
promotion of recovery will determine the future market conditions. For
instance, the risk of economic stagnation exists due to the constraints in
supply chains, which is caused by the physical damage of the disaster, possible
rolling blackouts and other factors. Also, due to the accidents at the
Fukushima Daiichi Nuclear Power Station, the trust of the global community on
Japan, as a whole, is impacted along with the threatened safety of Japanese
people. Under these circumstances, NSG should endeavor to respond appropriately
to changes in its operating and market environments, otherwise the financial
position of the company can be affected.
Competitive Market
The major
geographical market in which the company operates is highly competitive. In
recent years, competition intensified considerably due to highly maturing and
saturating markets. It faces stiff competition from various domestic and
international players. The company competes with players such as Nitto Boseki
Co., Ltd., PPG Industries, Inc., Asahi Glass Co., Ltd., Fuyao Group Glass
Industries Co. Ltd., and Central Glass Co., Ltd. The basis of competition being
price, service quality, brand reputation, customer service and other features.
Since there are low barriers to entry and exit, this has added to the already
existing threat of price wars amongst major players thus impacting the bottom
line.
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Corporate Family |
Corporate Structure
News: |
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Nippon Sheet Glass Company, Limited |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Minato-ku |
Japan |
Construction - Supplies and Fixtures |
6,735.9 |
29,340 |
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Subsidiary |
Sungai Buloh, Selangor |
Malaysia |
Construction - Supplies and Fixtures |
98.9 |
1,000 |
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Subsidiary |
Tokyo |
Japan |
Construction - Supplies and Fixtures |
87.6 |
223 |
|
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Subsidiary |
Sandomierz |
Poland |
Construction - Supplies and Fixtures |
|
222 |
|
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Subsidiary |
Sheffield |
United Kingdom |
Construction - Supplies and Fixtures |
1.6 |
215 |
|
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Subsidiary |
Porto Marghera, VE |
Italy |
Construction - Supplies and Fixtures |
628.6 |
2,373 |
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Subsidiary |
San Salvo, Chieti |
Italy |
Construction - Supplies and Fixtures |
10.0 |
127 |
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Subsidiary |
Shanghai |
China |
Construction - Supplies and Fixtures |
396.8 |
2,363 |
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Subsidiary |
Gelsenkirchen |
Germany |
Construction - Supplies and Fixtures |
538.5 |
1,626 |
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Subsidiary |
Witten, Nordrhein-Westfalen |
Germany |
Construction - Supplies and Fixtures |
399.5 |
940 |
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Subsidiary |
Schmelz, Saarland |
Germany |
Personal and Household Products |
20.7 |
86 |
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Subsidiary |
Cacapava, SP |
Brazil |
Construction - Supplies and Fixtures |
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1,500 |
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Subsidiary |
Tampere |
Finland |
Construction - Supplies and Fixtures |
215.1 |
1,249 |
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Subsidiary |
Lahti |
Finland |
Construction - Supplies and Fixtures |
22.6 |
114 |
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Subsidiary |
Nivala |
Finland |
Construction Services |
16.4 |
47 |
|
|
Subsidiary |
Sagunto, Valencia |
Spain |
Construction - Supplies and Fixtures |
118.2 |
521 |
|
|
Subsidiary |
Sagunto, Valencia |
Spain |
Construction - Supplies and Fixtures |
22.0 |
15 |
|
|
Branch |
Collingwood, ON |
Canada |
Personal and Household Products |
3.6 |
450 |
|
|
Subsidiary |
Vitry Sur Seine |
France |
Construction - Supplies and Fixtures |
85.7 |
374 |
|
|
Subsidiary |
Santiago |
Chile |
Personal and Household Products |
75.0 |
350 |
|
|
Subsidiary |
Tampere |
Finland |
Personal and Household Products |
|
344 |
|
|
Subsidiary |
Halmstad |
Sweden |
Construction - Supplies and Fixtures |
158.5 |
272 |
|
|
Subsidiary |
Toledo, OH |
United States |
Personal and Household Products |
|
200 |
|
|
Branch |
Shelbyville, IN |
United States |
Construction - Supplies and Fixtures |
145.8 |
550 |
|
|
Branch |
Laurinburg, NC |
United States |
Construction - Supplies and Fixtures |
156.8 |
400 |
|
|
Branch |
Versailles, KY |
United States |
Construction - Supplies and Fixtures |
119.2 |
331 |
|
|
Branch |
Rossford, OH |
United States |
Retail (Home Improvement) |
60.3 |
300 |
|
|
Branch |
Lathrop, CA |
United States |
Construction - Supplies and Fixtures |
78.4 |
200 |
|
|
Branch |
Ottawa, IL |
United States |
Construction - Supplies and Fixtures |
54.9 |
140 |
|
|
Branch |
Overland, MO |
United States |
Retail (Home Improvement) |
4.0 |
20 |
|
|
Branch |
Livonia, MI |
United States |
Retail (Home Improvement) |
4.0 |
20 |
|
|
Branch |
Smyrna, GA |
United States |
Retail (Home Improvement) |
4.0 |
20 |
|
|
Subsidiary |
Halmstad, Halland |
Sweden |
Construction - Supplies and Fixtures |
55.6 |
162 |
|
|
Subsidiary |
Bergen |
Norway |
Construction - Supplies and Fixtures |
69.4 |
150 |
|
|
Subsidiary |
Seingbouse |
France |
Construction - Supplies and Fixtures |
96.3 |
140 |
|
|
Branch |
Moosbrunn |
Austria |
Personal and Household Products |
1.0 |
130 |
|
|
Subsidiary |
Landskrona, Skåne |
Sweden |
Construction - Supplies and Fixtures |
30.6 |
106 |
|
|
Subsidiary |
Sandomierz |
Poland |
Construction Services |
|
100 |
|
|
Subsidiary |
Buenos Aires, Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Gelsenkirchen, Nordrhein-Westfalen |
Germany |
Consumer Financial Services |
|
41 |
|
|
Subsidiary |
Gelsenkirchen |
Germany |
Real Estate Operations |
0.0 |
1 |
|
|
Subsidiary |
Limay |
France |
Retail (Specialty) |
145.6 |
34 |
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
2 |
|
|
Affiliates |
St Helens |
United Kingdom |
Recreational Activities |
0.0 |
|
|
|
Subsidiary |
Accrington |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Basingstoke |
United Kingdom |
Construction - Supplies and Fixtures |
346.5 |
1,793 |
|
|
Subsidiary |
Newport |
United Kingdom |
Construction Services |
|
|
|
|
Subsidiary |
St Helens |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
|
|
|
|
|
Subsidiary |
Birmingham |
United Kingdom |
Construction - Supplies and Fixtures |
934.7 |
730 |
|
|
Subsidiary |
Queenborough |
United Kingdom |
Nonclassifiable Industries |
|
14 |
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
600 |
|
|
Subsidiary |
Glasgow |
United Kingdom |
Personal and Household Products |
147.9 |
273 |
|
|
Subsidiary |
St Helens |
United Kingdom |
Nonclassifiable Industries |
|
34 |
|
|
Subsidiary |
St Helens |
United Kingdom |
Restaurants |
1.3 |
19 |
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Personal and Household Products |
1.2 |
5 |
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Construction Services |
0.2 |
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
St Helens |
United Kingdom |
Construction Services |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
26 |
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Insurance (Accident and Health) |
|
|
|
|
Subsidiary |
London |
United Kingdom |
|
|
|
|
|
Subsidiary |
Holywell |
United Kingdom |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Gateshead |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Sofia |
Bulgaria |
Construction Services |
|
|
|
|
Subsidiary |
Enschede |
Netherlands |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Retail (Specialty) |
|
35 |
|
|
Pilkington Benelux B.V. |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
Vitry Sur Seine |
France |
Commercial Banks |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
St Helens |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Affiliates |
St Helens |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
New Delhi |
India |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Bratislava |
Slovakia |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Merseyside |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Affiliates |
St Helens |
United Kingdom |
|
|
|
|
|
Subsidiary |
St Helens |
United Kingdom |
|
|
|
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
St Helens |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
St. Helens |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Temse |
Belgium |
Furniture and Fixtures |
26.3 |
48 |
|
|
Subsidiary |
Ormskirk |
United Kingdom |
Commercial Banks |
|
|
Executive report
|
Board of
Directors |
|
|
|
|
|||||
|
Chairman, Chairman of the Board of Directors |
Chairman |
|
|||||
|
||||||||
|
Co-Chairman |
Chairman |
|
|
||||
|
Vice Chairman of the Board |
Vice-Chairman |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Executive Officer, Manager of Auto Business, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Chief Financial Officer, Executive Officer, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Senior Executive Officer, Chief Director of BP Business, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
President, Chief Executive Officer, Representative Executive Officer,
Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Executive Officer, Manager of Functional Glass Business, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Executives |
|
|
|
|
|||||
|
President, Chief Executive Officer, Representative Executive Officer,
Director |
Chief Executive Officer |
|
|||||
|
||||||||
|
Senior Executive Officer, General Manager & Head of Finance |
Division Head Executive |
|
|
||||
|
Senior Executive Officer, Assistant Manager of Float Manufacturing
Technology in BP Business Division |
Division Head Executive |
|
|
||||
|
Senior Executive Officer, Regional Director of Auto Business Division,
Director of Southeast Asia & India Business in BP Business Division |
Division Head Executive |
|
|
||||
|
Senior Executive Officer, Assistant Manager of Direct Sales in Auto
Business Division |
Division Head Executive |
|
|
||||
|
Senior Executive Officer, CFO of Industrial Glass Material Business
Division |
Division Head Executive |
|
|
||||
|
Executive Officer-Quality, Administration & Glass |
Division Head Executive |
|
|
||||
|
Senior Executive Officer, Manager of Country in AUTO Business Division |
Division Head Executive |
|
|
||||
|
Senior Executive Officer, Assistant Manager of Manufacturing in AUTO
Business Division |
Division Head Executive |
|
|
||||
|
Executive Vice President, Coo & Head of Flat Glass Business |
Operations Executive |
|
|
||||
|
Chief Financial Officer, Executive Officer, Director |
Finance Executive |
|
|
||||
|
||||||||
|
Executive Officer-Internal Audit |
Finance Executive |
|
|
||||
|
Executive Officer-Finance |
Finance Executive |
|
|
||||
|
Senior Executive Officer-Human Resources |
Human Resources Executive |
|
|
||||
|
Senior Executive Officer, Senior Director of Human Resources |
Human Resources Executive |
|
|
||||
|
Executive Officer-Marketing & Sales |
Sales Executive |
|
|
||||
|
Executive Officer, Senior Director of Public Relations & IR |
Investor Relations Executive |
|
|
||||
|
Senior Executive Officer-Information Systems |
Information Executive |
|
|
||||
|
Senior Executive Officer, Senior Director of Information System |
Information Executive |
|
|
||||
|
Senior Executive Officer-Research & Development |
Engineering/Technical Executive |
|
|
||||
|
Co-Senior Executive Officer-Project |
Planning Executive |
|
|
||||
|
Co-Senior Executive Officer-Project |
Planning Executive |
|
|
||||
|
Senior Executive Officer, Senior Director of Purchase |
Purchasing Executive |
|
|
||||
|
Executive Officer, Director of Display Business in Functional Glass
Material Business Division |
Other |
|
|
||||
|
Executive Officer, Senior Director of General Affairs & Legal
Affairs |
Other |
|
|
||||
|
Executive Officer, Director of Japan Business in BP Business Division |
Other |
|
|
||||
|
Executive Officer, Senior Director of Research & Development |
Other |
|
|
||||
|
Executive Officer, Director of Functional Products Business in
Industrial Glass Material Business Division |
Other |
|
|
||||
|
Executive Vice President |
Other |
|
|
||||
|
Executive Officer, Senior Director of Business Administration,
Director of China Business in BP Business Division, Director of Russia
Business |
Other |
|
|
||||
|
Executive Officer, Assistant Manager of Technology Supervision in AUTO
Business Division |
Other |
|
|
||||
|
Executive Officer |
Other |
|
|
||||
|
Senior Executive Officer |
Other |
|
|
||||
Significant Developments
R&I Reaffirms Nippon Sheet Glass Company, Limited's Rating at "BBB"; Rating Outlook Stable Jul 08, 2011
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Nippon Sheet Glass Company, Limited at "BBB". The rating outlook is stable.
Nippon Sheet Glass Company, Limited to Establish New Subsidiary Jun 20, 2011
Nippon Sheet Glass Company, Limited announced that it has decided to establish a new subsidiary, NSG Vietnam Special Glass Ltd., in June 2011. The new subsidiary will be engaged in the manufacturing and sales of solar glass and laminate glass.
Press clipipngs
Nippon Sheet Glass
Company Limited Files Patent Application for Soil Conditioner
Indian Patent News
05 May 2011
[What follows is
the full text of the article.]
New Delhi, May 5
-- Japan based Nippon Sheet Glass Company Limited filed patent application for
soil conditioner. The inventor is Fujita Koji.
Nippon Sheet Glass
Company Limited filed the patent application on Sept. 2, 2005. The patent
application number is 2122/CHENP/2005 A. The international classification
number is B09C 1/08.
According to the
Controller General of Patents, Designs & Trade Marks, "A soil
conditioner is provided that can clean and improve soil by effectively
adsorbing harmful substances, even if it is soil with a lot of underground
water, through efficient use of as little adsorbent of harmful substances as
possible. The soil conditioner is made by mixing an adsorbent of harmful
substances and a water absorbing substance, and shaping the mixture into
granular shape."
About the Company
Nippon Sheet Glass
Company, Limited (Public, TYO:5202) is a Japan-based company that has four
business segments. The Construction-uses Glass segment provides float plate
glass, polished wire glass, heat absorbing glass, heat reflecting glass,
reinforced glass, laminated glass, double-layer glass, vacuum glass, fireproof
glass, template glass, as well as mirror and ornamental glass. The
Automobile-uses Glass segment offers float plate glass, laminated glass,
reinforced glass, infrared ray cutting glass, glass antenna, water-shedding
glass, light control glass, antifogging glass and security glass. The
Functional Glass segment offers optical products including SELFOC lens arrays,
SELFOC micro-lens and optical components; fine glass products, such as
ultra-thin sheets and transparent conductive glass, as well as industrial
glass, glass for liquid crystal displays, specialty glass fibers and
environmental conservation equipment. The Others segment is involved in the
equipment engineering and test assay.
Nippon Sheet Glass
Company Limited Files Patent Application for Reinforcing Sheet for Reinforcing
Toothed Belt and Toothed Belt and Method for Production Thereof
Indian Patent News
28 March 2011
[What follows is
the full text of the article.]
New Delhi, March
28 -- Japan based Nippon Sheet Glass Company Limited filed patent application
for reinforcing sheet for reinforcing toothed belt, and toothed belt, and
method for production thereof. The inventors are Mistsuharu Akiyama and Naiya
Mizukoshi.
Nippon Sheet Glass
Company Limited filed the patent application on May 24, 2007. The patent
application number is 3908/DELNP/2007 A. The international classification
number is F16G1/28.
According to the
Controller General of Patents, Designs & Trade Marks, "A method of
manufacturing of the present invention is a method of manufacturing a toothed
belt having a belt part and a tooth part sticking out of the belt part. This
method of manufacturing includes a first step of forming a reinforcing-sheet
including a fiber sheet and a coating film formed on the fiber sheet by drying
the fiber sheet on which an aqueous treatment agent containing a first rubber
latex and a first vulcanizing agent is applied, and a second step of
reinforcing a surface of the tooth part with the reinforcing-sheet by
vulcanizing the first rubber and a second rubber at the same time while
adhering a rubber composition, which is a material for the tooth part,
including the second rubber and a second vulcanizing agent to the
reinforcing-sheet. The aqueous treatment agent contains the vulcanizing agent
in the range of 10 parts by weight to 100 parts by weight for 100 parts by
weight of the first rubber."
About the company
Nippon Sheet Glass
Company, Limited (Public, TYO:5202) is a Japan-based company that has four
business segments. The Construction-uses Glass segment provides float plate
glass, polished wire glass, heat absorbing glass, heat reflecting glass,
reinforced glass, laminated glass, double-layer glass, vacuum glass, fireproof
glass, template glass, as well as mirror and ornamental glass. The
Automobile-uses Glass segment offers float plate glass, laminated glass,
reinforced glass, infrared ray cutting glass, glass antenna, water-shedding
glass, light control glass, antifogging glass and security glass. The
Functional Glass segment offers optical products including SELFOC lens arrays,
SELFOC micro-lens and optical components; fine glass products, such as
ultra-thin sheets and transparent conductive glass, as well as industrial
glass, glass for liquid crystal displays, specialty glass fibers and
environmental conservation equipment. The Others segment is involved in the
equipment engineering and test assay.
Nippon Sheet Glass
Company Limited Files Patent Application for Cord for Reinforcing Rubber,
Method of Manufacturing the Cord and Rubber Product Using the Cord
Indian Patent News
12 March 2011
[What follows is the full text of the article.]
New Delhi, March
12 -- Japan based Nippon Sheet Glass Company Limited filed patent application
for cord for reinforcing rubber, method of manufacturing the cord and rubber
product using the cord. The inventors are Akiyama Mitsuharu, Mizukoshi Naoya
and Kajihara Keisuke.
Nippon Sheet Glass
Company Limited filed the patent application on Dec. 18, 2006. The patent
application number is 7669/DELNP/2006 A. The international classification
number is D06M15/693.
According to the
Controller General of Patents, Designs & Trade Marks, "A reinforcing
cord for rubber reinforcement of the present invention that is used for
reinforcing a rubber product is provided with a plurality of strands. The
strand includes bundled fibers and a coating layer formed so as to cover the
bundled fibers. The plurality of strands are in tight contact with one another
via the coating layer. The coating layer contains a material that is
crosslinkable by thermal treatment. A method of manufacturing the reinforcing
cord for rubber reinforcement includes the steps of (i) forming strands that
include bundled fibers and a coating layer formed so as to cover the bundled
fibers, and (ii) bringing the strands into tight contact with one another via
the coating layer by twisting the strands together. The coating layer contains
a material that is crosslinkable by thermal treatment."
About the Company
Nippon Sheet Glass
Company, Limited (Public, TYO:5202) is a Japan-based company that has four
business segments. The Construction-uses Glass segment provides float plate
glass, polished wire glass, heat absorbing glass, heat reflecting glass,
reinforced glass, laminated glass, double-layer glass, vacuum glass, fireproof
glass, template glass, as well as mirror and ornamental glass. The
Automobile-uses Glass segment offers float plate glass, laminated glass,
reinforced glass, infrared ray cutting glass, glass antenna, water-shedding
glass, light control glass, antifogging glass and security glass. The
Functional Glass segment offers optical products including SELFOC lens arrays,
SELFOC micro-lens and optical components; fine glass products, such as
ultra-thin sheets and transparent conductive glass, as well as industrial
glass, glass for liquid crystal displays, specialty glass fibers and
environmental conservation equipment. The Others segment is involved in the
equipment engineering and test assay.
Nippon Sheet Glass Company Limited Files Patent
Application for Composition for Cord Coating, Cord for Rubber Reinforcement
Made with the Same and Rubber Product Made with the Same
Indian Patent News
25 December 2010
[What follows is the full text of the article.]
New Delhi, Dec. 25
-- Japan based Nippon Sheet Glass Company Limited filed patent application for
composition for cord coating, cord for rubber reinforcement made with the same,
and rubber product made with the same. The inventors are Keisuke Kajihara and
Naoya Mizukoshi.
Nippon Sheet Glass
Company Limited filed the patent application on Sept. 4, 2006. The patent
application number is 5083/DELNP/2006 A. The international classification
number is D06M15/41.
According to the
Controller General of Patents, Designs & Trade Marks, "A composition
for cord coating of the present invention comprises a latex of a first rubber,
a phenol resin, and a water-soluble condensation product of
resorcinol-formaldehyde so that a ratio of the first rubber to a solid content
of the composition, a ratio of the phenol resin thereto, and a ratio of the
water-soluble condensation product thereto are 30 to 95 wt.%, 0.01 to 30 wt.%,
and 2 to 15 wt.%, respectively, wherein the first rubber is a nitrile
group-containing highly saturated polymer rubber having an iodine value of 120
or less, and the above-described water-soluble condensation product is a
novolac-type condensation product."
Nippon Sheet Glass Company, Limited (Public, TYO:5202) is a Japan-based
company that has four business segments. The Construction-uses Glass segment
provides float plate glass, polished wire glass, heat absorbing glass, heat
reflecting glass, reinforced glass, laminated glass, double-layer glass, vacuum
glass, fireproof glass, template glass, as well as mirror and ornamental glass.
The Automobile-uses Glass segment offers float plate glass, laminated glass,
reinforced glass, infrared ray cutting glass, glass antenna, water-shedding
glass, light control glass, antifogging glass and security glass. The
Functional Glass segment offers optical products including SELFOC lens arrays,
SELFOC micro-lens and optical components; fine glass products, such as
ultra-thin sheets and transparent conductive glass, as well as industrial
glass, glass for liquid crystal displays, specialty glass fibers and
environmental conservation equipment. The Others segment is involved in the
equipment engineering and test assay.
Nippon Sheet Glass
Co. Ltd Receives Patent for Separator for Sealed Cell
Indian Patent News
15 December 2010
[What follows is the full text of the article.]
New Delhi, Dec. 15
-- Nippon Sheet Glass Co. Ltd received Patent for separator for sealed cell on
Sept. 9, 2010. The patent number issued by the Indian Patent Office is 200248.
Nippon Sheet Glass
Co. Ltd had filed patent application number IN/PCT/2000/774/CHE for separator
for sealed cell on Dec. 5, 2000. The inventors of the patent are Kenjiro
Kishimoto, Toshio Kitami, Masaaki Sasaki, Tsuyoshi Kameda and Makoto Kobayashi.
The International
classification number is H01M2/16.
The PCT International
application number of the patent is PCT/JP99/03042 and the application was
filed on June 8, 1999.
According to the
Controller General of Patents, Designs & Trade Marks, "A separator for
sealed cells is provided which attains a high degree of intimate contact with
electrode plates, enables the cell to have reduced internal resistance, is less
apt to suffer a fatigue phenomenon even upon repetitions of charge/discharge,
and improves the life of the cell. Namely, in this invention, fine rubber particles
are adhered to the surface of fibers of the non-woven fabric constituting a
separator so that the fine rubber particles are present among the fibers .
These fine rubber particles function as elastic bodies to absorb relative
positional changes of the fibers and improve the compressive repulsion of the
separator."
Nippon Sheet Glass
Company, Limited (Public, TYO:5202) is a Japan-based company that has four
business segments. The Construction-uses Glass segment provides float plate
glass, polished wire glass, heat absorbing glass, heat reflecting glass,
reinforced glass, laminated glass, double-layer glass, vacuum glass, fireproof
glass, template glass, as well as mirror and ornamental glass. The
Automobile-uses Glass segment offers float plate glass, laminated glass,
reinforced glass, infrared ray cutting glass, glass antenna, water-shedding
glass, light control glass, antifogging glass and security glass. The
Functional Glass segment offers optical products including SELFOC lens arrays,
SELFOC micro-lens and optical components; fine glass products, such as
ultra-thin sheets and transparent conductive glass, as well as industrial
glass, glass for liquid crystal displays, specialty glass fibers and
environmental conservation equipment. The Others segment is involved in the
equipment engineering and test assay.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
Revenue |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
Total Revenue |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
|
|
|
|
|
|
|
Cost of Revenue |
4,912.2 |
4,734.8 |
5,346.8 |
5,207.4 |
4,093.4 |
|
Cost of Revenue, Total |
4,912.2 |
4,734.8 |
5,346.8 |
5,207.4 |
4,093.4 |
|
Gross Profit |
1,823.8 |
1,596.1 |
2,011.2 |
2,365.3 |
1,734.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,004.4 |
1,101.0 |
1,374.8 |
1,369.7 |
1,050.5 |
|
Labor & Related Expense |
651.9 |
679.9 |
617.5 |
596.5 |
480.3 |
|
Total Selling/General/Administrative Expenses |
1,656.3 |
1,780.9 |
1,992.2 |
1,966.2 |
1,530.8 |
|
Restructuring Charge |
40.2 |
49.8 |
153.0 |
0.0 |
- |
|
Impairment-Assets Held for Use |
21.6 |
123.1 |
109.5 |
26.3 |
66.9 |
|
Impairment-Assets Held for Sale |
- |
0.1 |
13.8 |
14.7 |
3.7 |
|
Other Unusual Expense (Income) |
5.7 |
46.7 |
118.0 |
79.5 |
80.1 |
|
Unusual Expense (Income) |
67.5 |
219.7 |
394.3 |
120.6 |
150.7 |
|
Total Operating Expense |
6,635.9 |
6,735.4 |
7,733.3 |
7,294.2 |
5,774.9 |
|
|
|
|
|
|
|
|
Operating Income |
100.0 |
-404.5 |
-375.3 |
278.5 |
53.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-155.1 |
-153.3 |
-198.6 |
-223.1 |
-197.2 |
|
Interest Expense, Net Non-Operating |
-155.1 |
-153.3 |
-198.6 |
-223.1 |
-197.2 |
|
Interest Income -
Non-Operating |
22.0 |
20.8 |
67.5 |
71.0 |
42.1 |
|
Investment Income -
Non-Operating |
88.0 |
83.9 |
378.1 |
215.2 |
446.8 |
|
Interest/Investment Income - Non-Operating |
110.0 |
104.7 |
445.6 |
286.2 |
488.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-45.1 |
-48.7 |
247.0 |
63.1 |
291.7 |
|
Gain (Loss) on Sale of Assets |
7.9 |
17.7 |
6.2 |
280.7 |
17.3 |
|
Other Non-Operating Income (Expense) |
-23.6 |
-20.8 |
-12.4 |
-77.7 |
-36.6 |
|
Other, Net |
-23.6 |
-20.8 |
-12.4 |
-77.7 |
-36.6 |
|
Income Before Tax |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
|
|
|
|
|
|
|
Total Income Tax |
-19.6 |
-26.7 |
127.7 |
83.8 |
196.7 |
|
Income After Tax |
58.8 |
-429.7 |
-262.2 |
460.9 |
128.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-39.5 |
-14.8 |
-20.3 |
-19.7 |
-25.3 |
|
Net Income Before Extraord Items |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
Net Income |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-18.2 |
-27.2 |
0.0 |
- |
- |
|
Miscellaneous Earnings Adjustment |
- |
- |
- |
-0.1 |
0.0 |
|
Total Adjustments to Net Income |
-18.2 |
-27.2 |
0.0 |
-0.1 |
0.0 |
|
Income Available to Common Excl Extraord Items |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
794.1 |
668.1 |
688.2 |
668.3 |
553.6 |
|
Basic EPS Excl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
Diluted Weighted Average Shares |
794.1 |
668.1 |
688.2 |
711.1 |
596.4 |
|
Diluted EPS Excl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
Diluted EPS Incl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
Dividends per Share - Common Stock Primary Issue |
0.07 |
0.06 |
0.06 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
63.2 |
43.1 |
39.9 |
35.1 |
31.6 |
|
Interest Expense, Supplemental |
155.1 |
153.3 |
198.6 |
223.1 |
197.2 |
|
Depreciation, Supplemental |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Total Special Items |
135.3 |
282.7 |
472.6 |
-69.8 |
204.5 |
|
Normalized Income Before Tax |
174.5 |
-173.7 |
338.1 |
474.9 |
529.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
20.8 |
70.7 |
135.8 |
-24.7 |
46.7 |
|
Inc Tax Ex Impact of Sp Items |
1.2 |
44.0 |
263.6 |
59.2 |
243.4 |
|
Normalized Income After Tax |
173.3 |
-217.7 |
74.5 |
415.7 |
286.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
115.6 |
-259.7 |
54.2 |
395.9 |
261.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.59 |
0.47 |
|
Diluted Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.56 |
0.44 |
|
Amort of Acquisition Costs, Supplemental |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Research & Development Exp, Supplemental |
124.8 |
129.9 |
104.8 |
135.7 |
116.8 |
|
Reported Operating Profit |
167.5 |
-184.9 |
19.0 |
406.5 |
203.7 |
|
Reported Ordinary Profit |
90.2 |
-307.2 |
-122.0 |
266.3 |
68.4 |
|
Normalized EBIT |
167.5 |
-184.9 |
19.0 |
399.1 |
203.7 |
|
Normalized EBITDA |
728.9 |
429.1 |
678.4 |
1,046.0 |
713.9 |
|
Interest Cost - Domestic |
158.4 |
169.7 |
189.3 |
198.5 |
140.7 |
|
Service Cost - Domestic |
46.6 |
60.2 |
51.2 |
62.7 |
86.7 |
|
Prior Service Cost - Domestic |
0.0 |
2.4 |
- |
- |
- |
|
Expected Return on Assets - Domestic |
-136.1 |
-109.0 |
-169.5 |
-204.9 |
-142.1 |
|
Actuarial Gains and Losses - Domestic |
63.4 |
35.3 |
2.5 |
18.6 |
12.3 |
|
Domestic Pension Plan Expense |
132.2 |
158.6 |
73.6 |
74.9 |
97.6 |
|
Defined Contribution Expense - Domestic |
60.0 |
43.0 |
62.9 |
52.7 |
- |
|
Total Pension Expense |
192.2 |
201.7 |
136.5 |
127.6 |
97.6 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
|
Total Plan Interest Cost |
158.4 |
169.7 |
189.3 |
198.5 |
140.7 |
|
Total Plan Service Cost |
46.6 |
60.2 |
51.2 |
62.7 |
86.7 |
|
Total Plan Expected Return |
-136.1 |
-109.0 |
-169.5 |
-204.9 |
-142.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst & Young
LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
734.9 |
854.0 |
961.6 |
1,285.3 |
1,362.8 |
|
Cash and Short Term Investments |
734.9 |
854.0 |
961.6 |
1,285.3 |
1,362.8 |
|
Accounts Receivable -
Trade, Gross |
1,154.0 |
1,045.4 |
954.7 |
1,462.4 |
1,258.4 |
|
Provision for Doubtful
Accounts |
-53.6 |
-44.4 |
-38.6 |
-48.5 |
-37.2 |
|
Trade Accounts Receivable - Net |
1,100.3 |
1,001.0 |
916.0 |
1,413.9 |
1,221.2 |
|
Total Receivables, Net |
1,100.3 |
1,001.0 |
916.0 |
1,413.9 |
1,221.2 |
|
Inventories - Finished Goods |
665.8 |
600.5 |
702.0 |
690.9 |
- |
|
Inventories - Work In Progress |
169.1 |
111.0 |
104.8 |
147.2 |
- |
|
Inventories - Raw Materials |
381.0 |
345.8 |
345.6 |
362.3 |
- |
|
Total Inventory |
1,215.9 |
1,057.3 |
1,152.4 |
1,200.5 |
959.2 |
|
Deferred Income Tax - Current Asset |
12.3 |
6.0 |
9.9 |
74.1 |
26.2 |
|
Other Current Assets |
253.0 |
265.0 |
252.9 |
265.4 |
375.8 |
|
Other Current Assets, Total |
265.3 |
271.0 |
262.7 |
339.4 |
402.0 |
|
Total Current Assets |
3,316.4 |
3,183.3 |
3,292.8 |
4,239.0 |
3,945.2 |
|
|
|
|
|
|
|
|
Buildings |
1,702.6 |
1,510.3 |
1,488.4 |
1,579.9 |
1,321.1 |
|
Land/Improvements |
445.5 |
425.7 |
470.6 |
542.9 |
484.5 |
|
Machinery/Equipment |
4,993.2 |
4,313.1 |
4,128.8 |
4,337.3 |
3,548.6 |
|
Construction in
Progress |
14.5 |
15.9 |
47.5 |
34.3 |
62.5 |
|
Leases |
91.6 |
87.5 |
81.9 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
7,247.3 |
6,352.5 |
6,217.2 |
6,494.4 |
5,416.7 |
|
Accumulated Depreciation |
-3,974.1 |
-3,322.3 |
-3,002.9 |
-2,722.2 |
-2,058.0 |
|
Property/Plant/Equipment - Net |
3,273.3 |
3,030.2 |
3,214.3 |
3,772.3 |
3,358.7 |
|
Goodwill, Net |
1,299.3 |
1,312.6 |
1,345.4 |
1,820.1 |
1,735.2 |
|
Intangibles, Net |
1,149.7 |
1,213.4 |
1,288.7 |
1,723.1 |
1,648.2 |
|
LT Investment - Affiliate Companies |
669.3 |
550.1 |
- |
- |
- |
|
LT Investments - Other |
87.3 |
83.7 |
566.3 |
1,003.3 |
1,074.4 |
|
Long Term Investments |
756.7 |
633.8 |
566.3 |
1,003.3 |
1,074.4 |
|
Note Receivable - Long Term |
- |
- |
0.0 |
91.3 |
93.9 |
|
Deferred Income Tax - Long Term Asset |
520.3 |
511.9 |
489.7 |
516.7 |
9.7 |
|
Other Long Term Assets |
164.4 |
107.4 |
182.7 |
88.6 |
67.4 |
|
Other Long Term Assets, Total |
684.7 |
619.4 |
672.4 |
605.3 |
77.1 |
|
Total Assets |
10,480.1 |
9,992.7 |
10,379.9 |
13,254.5 |
11,932.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
892.0 |
737.4 |
626.7 |
994.2 |
832.4 |
|
Accrued Expenses |
62.3 |
58.0 |
25.0 |
404.2 |
372.0 |
|
Notes Payable/Short Term Debt |
180.1 |
274.2 |
238.2 |
933.9 |
908.9 |
|
Current Portion - Long Term Debt/Capital Leases |
490.2 |
572.7 |
650.9 |
100.5 |
0.0 |
|
Security Deposits |
- |
- |
0.0 |
38.1 |
35.0 |
|
Income Taxes Payable |
26.2 |
64.5 |
196.1 |
168.1 |
351.6 |
|
Other Payables |
- |
- |
0.0 |
228.9 |
148.9 |
|
Deferred Income Tax - Current Liability |
12.5 |
59.5 |
0.0 |
0.0 |
25.9 |
|
Other Current Liabilities |
767.4 |
750.2 |
989.7 |
1,048.0 |
1,031.3 |
|
Other Current liabilities, Total |
806.1 |
874.2 |
1,185.8 |
1,483.2 |
1,592.6 |
|
Total Current Liabilities |
2,430.6 |
2,516.4 |
2,726.7 |
3,915.9 |
3,706.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
3,780.7 |
3,342.5 |
3,377.1 |
3,551.0 |
3,843.3 |
|
Capital Lease Obligations |
14.2 |
31.9 |
50.0 |
0.0 |
- |
|
Total Long Term Debt |
3,794.9 |
3,374.4 |
3,427.2 |
3,551.0 |
3,843.3 |
|
Total Debt |
4,465.2 |
4,221.3 |
4,316.3 |
4,585.4 |
4,752.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
494.7 |
491.4 |
630.5 |
908.4 |
422.4 |
|
Deferred Income Tax |
494.7 |
491.4 |
630.5 |
908.4 |
422.4 |
|
Minority Interest |
123.3 |
95.7 |
102.1 |
133.7 |
113.1 |
|
Reserves |
205.5 |
192.2 |
169.0 |
170.9 |
144.1 |
|
Pension Benefits - Underfunded |
628.2 |
634.8 |
637.8 |
758.1 |
741.9 |
|
Other Long Term Liabilities |
188.8 |
215.7 |
184.6 |
212.7 |
105.7 |
|
Other Liabilities, Total |
1,022.5 |
1,042.7 |
991.3 |
1,141.8 |
991.7 |
|
Total Liabilities |
7,866.0 |
7,520.7 |
7,877.7 |
9,650.8 |
9,076.5 |
|
|
|
|
|
|
|
|
Redeemable Convertible Preferred Stock |
- |
321.1 |
- |
- |
- |
|
Redeemable Preferred Stock |
- |
321.1 |
- |
- |
- |
|
Common Stock |
1,405.0 |
868.4 |
973.4 |
966.0 |
814.3 |
|
Common Stock |
1,405.0 |
868.4 |
973.4 |
966.0 |
814.3 |
|
Additional Paid-In Capital |
1,523.5 |
1,294.7 |
1,071.0 |
1,060.4 |
891.9 |
|
Retained Earnings (Accumulated Deficit) |
797.9 |
767.3 |
1,196.3 |
1,528.1 |
897.0 |
|
Treasury Stock - Common |
-6.8 |
-6.3 |
-5.9 |
-5.4 |
-3.8 |
|
Unrealized Gain (Loss) |
-2.8 |
-44.8 |
-85.2 |
91.1 |
193.4 |
|
Translation Adjustment |
-1,102.7 |
-728.3 |
-647.4 |
-36.4 |
63.6 |
|
Other Equity, Total |
-1,102.7 |
-728.3 |
-647.4 |
-36.4 |
63.6 |
|
Total Equity |
2,614.1 |
2,472.1 |
2,502.2 |
3,603.6 |
2,856.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
10,480.1 |
9,992.8 |
10,379.9 |
13,254.4 |
11,932.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
Total Common Shares Outstanding |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
Treasury Shares - Common Stock Primary Issue |
1.4 |
1.4 |
1.4 |
1.3 |
1.1 |
|
Employees |
29,340 |
28,338 |
31,436 |
32,587 |
35,811 |
|
Number of Common Shareholders |
64,386 |
59,035 |
56,458 |
58,209 |
66,588 |
|
Total Long Term Debt, Supplemental |
4,250.4 |
3,894.0 |
3,997.3 |
3,745.6 |
3,968.7 |
|
Long Term Debt Maturing within 1 Year |
469.7 |
551.5 |
620.2 |
194.6 |
125.3 |
|
Long Term Debt Maturing in Year 2 |
1,053.1 |
419.4 |
1,562.4 |
716.1 |
464.3 |
|
Long Term Debt Maturing in Year 3 |
1,593.9 |
956.8 |
360.1 |
2,179.4 |
694.6 |
|
Long Term Debt Maturing in Year 4 |
450.2 |
1,317.6 |
650.7 |
270.6 |
2,212.2 |
|
Long Term Debt Maturing in Year 5 |
548.3 |
409.1 |
504.3 |
231.2 |
199.9 |
|
Long Term Debt Maturing in 2-3 Years |
2,647.0 |
1,376.2 |
1,922.5 |
2,895.5 |
1,158.9 |
|
Long Term Debt Maturing in 4-5 Years |
998.6 |
1,726.7 |
1,155.0 |
501.7 |
2,412.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
135.1 |
239.7 |
299.6 |
153.8 |
272.3 |
|
Total Capital Leases, Supplemental |
34.7 |
53.1 |
80.8 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
20.4 |
21.2 |
30.8 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
6.5 |
18.6 |
20.4 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
3.8 |
6.1 |
17.2 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
1.2 |
2.3 |
5.6 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
1.1 |
1.7 |
1.5 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
10.3 |
24.7 |
37.7 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
2.4 |
3.9 |
7.1 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
1.6 |
3.2 |
5.3 |
- |
- |
|
Pension Obligation - Domestic |
3,558.9 |
3,266.5 |
2,617.1 |
3,946.1 |
3,939.9 |
|
Plan Assets - Domestic |
2,652.3 |
2,358.6 |
1,815.9 |
3,156.6 |
3,183.5 |
|
Funded Status - Domestic |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Total Funded Status |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
|
Prepaid Benefits - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Accrued Liabilities - Domestic |
-628.2 |
-634.8 |
-635.9 |
-753.8 |
-728.6 |
|
Other Assets, Net - Domestic |
278.5 |
273.1 |
165.4 |
35.7 |
2.3 |
|
Net Assets Recognized on Balance Sheet |
-349.7 |
-361.7 |
-470.5 |
-718.1 |
-726.3 |
|
Total Plan Obligations |
3,558.9 |
3,266.5 |
2,617.1 |
3,946.1 |
3,939.9 |
|
Total Plan Assets |
2,652.3 |
2,358.6 |
1,815.9 |
3,156.6 |
3,183.5 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
Depreciation |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Depreciation/Depletion |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Amortization of Acquisition Costs |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Amortization |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Unusual Items |
15.7 |
72.6 |
-257.9 |
-367.4 |
-333.4 |
|
Equity in Net Earnings (Loss) |
-94.6 |
-25.8 |
-15.8 |
-89.7 |
-20.7 |
|
Other Non-Cash Items |
81.9 |
2.5 |
-254.5 |
-143.7 |
96.5 |
|
Non-Cash Items |
3.0 |
49.3 |
-528.2 |
-600.8 |
-257.5 |
|
Accounts Receivable |
-23.0 |
-136.6 |
370.9 |
-35.2 |
53.1 |
|
Inventories |
-71.2 |
138.2 |
-99.2 |
-81.0 |
24.1 |
|
Accounts Payable |
86.9 |
7.9 |
-301.4 |
86.4 |
41.2 |
|
Accrued Expenses |
- |
- |
0.0 |
1.1 |
- |
|
Other Operating Cash Flow |
-232.1 |
-246.2 |
-269.7 |
-467.7 |
-51.5 |
|
Changes in Working Capital |
-239.5 |
-236.7 |
-299.4 |
-496.5 |
66.9 |
|
Cash from Operating Activities |
364.1 |
-29.8 |
-302.7 |
94.3 |
645.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-348.6 |
-169.4 |
-424.3 |
-354.7 |
-374.0 |
|
Purchase/Acquisition of Intangibles |
-4.2 |
-10.9 |
-4.7 |
-53.3 |
-48.0 |
|
Capital Expenditures |
-352.8 |
-180.3 |
-429.0 |
-408.0 |
-422.0 |
|
Sale of Business |
- |
- |
0.0 |
578.3 |
0.0 |
|
Sale of Fixed Assets |
19.9 |
31.4 |
37.0 |
33.5 |
109.3 |
|
Sale/Maturity of Investment |
6.3 |
242.9 |
530.8 |
145.3 |
579.9 |
|
Purchase of Investments |
-18.3 |
-79.6 |
-34.1 |
-75.1 |
-2,795.4 |
|
Sale of Intangible Assets |
0.3 |
0.0 |
- |
- |
- |
|
Other Investing Cash Flow |
19.7 |
-77.8 |
-79.0 |
-16.3 |
-17.0 |
|
Other Investing Cash Flow Items, Total |
27.9 |
117.0 |
454.8 |
665.8 |
-2,123.1 |
|
Cash from Investing Activities |
-324.9 |
-63.4 |
25.8 |
257.8 |
-2,545.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-17.8 |
-23.1 |
-25.2 |
-18.2 |
-8.9 |
|
Financing Cash Flow Items |
-17.8 |
-23.1 |
-25.2 |
-18.2 |
-8.9 |
|
Cash Dividends Paid - Common |
-82.0 |
-55.4 |
-39.9 |
-35.2 |
-25.9 |
|
Total Cash Dividends Paid |
-82.0 |
-55.4 |
-39.9 |
-35.2 |
-25.9 |
|
Sale/Issuance of
Common |
469.6 |
322.8 |
0.0 |
- |
- |
|
Repurchase/Retirement
of Common |
-357.6 |
0.0 |
- |
- |
- |
|
Common Stock, Net |
112.0 |
322.8 |
0.0 |
- |
- |
|
Issuance (Retirement) of Stock, Net |
112.0 |
322.8 |
0.0 |
- |
- |
|
Short Term Debt, Net |
-28.1 |
4.7 |
-227.9 |
12.1 |
-21.2 |
|
Long Term Debt Issued |
747.7 |
1,558.5 |
1,243.9 |
220.3 |
2,511.2 |
|
Long Term Debt
Reduction |
-852.6 |
-1,927.2 |
-793.2 |
-910.5 |
-829.9 |
|
Long Term Debt, Net |
-104.9 |
-368.7 |
450.6 |
-690.2 |
1,681.3 |
|
Issuance (Retirement) of Debt, Net |
-133.0 |
-364.0 |
222.7 |
-678.1 |
1,660.2 |
|
Cash from Financing Activities |
-120.9 |
-119.7 |
157.6 |
-731.5 |
1,625.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-33.5 |
1.9 |
-156.3 |
-114.6 |
108.9 |
|
Net Change in Cash |
-115.1 |
-210.9 |
-275.6 |
-494.0 |
-165.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
657.6 |
813.4 |
1,028.0 |
1,397.7 |
1,532.0 |
|
Net Cash - Ending Balance |
542.5 |
602.5 |
752.3 |
903.7 |
1,366.1 |
|
Cash Interest Paid |
158.3 |
210.1 |
194.2 |
237.1 |
164.8 |
|
Cash Taxes Paid |
103.3 |
200.1 |
115.6 |
297.2 |
67.8 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
Total Revenue |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
|
|
|
|
|
|
|
Cost of Sales |
4,912.2 |
4,734.8 |
5,346.8 |
5,200.1 |
4,093.4 |
|
Packing & freight-out costs |
498.3 |
460.5 |
518.7 |
518.8 |
395.1 |
|
Labor Expenses |
493.2 |
497.4 |
553.9 |
543.3 |
441.2 |
|
Provision for doubtful accounts(SGA) |
20.9 |
33.2 |
12.9 |
3.1 |
3.9 |
|
Provision for bonus |
43.1 |
59.7 |
9.5 |
6.9 |
7.1 |
|
Accrued Retirement Expenses |
115.6 |
122.8 |
53.9 |
45.5 |
30.2 |
|
Provision for officers retirement benefi |
- |
- |
0.2 |
0.8 |
1.8 |
|
Other SGA |
485.2 |
607.4 |
843.2 |
847.9 |
651.5 |
|
SP Rev. G on impair. in fixed assets |
-7.9 |
0.0 |
- |
- |
- |
|
SP Rev. G on val loss of affil. sec. |
-11.9 |
0.0 |
- |
- |
- |
|
SP Return-Repair Reserve |
- |
- |
- |
0.0 |
-9.1 |
|
SP Gain from discontinued business |
- |
- |
0.0 |
-4.3 |
-12.9 |
|
SP G on insurance adjustment |
- |
- |
0.0 |
-15.4 |
0.0 |
|
SP G on prior period adjustments |
- |
- |
0.0 |
-18.1 |
0.0 |
|
SP Other Special Gain |
-4.8 |
-27.9 |
-8.1 |
0.0 |
0.0 |
|
SP Impairment Loss |
21.6 |
114.8 |
98.5 |
14.9 |
5.8 |
|
SP Retire-Fixed Assets |
- |
8.3 |
11.0 |
11.5 |
61.1 |
|
SP Val.Loss-Invest.Sec |
- |
0.1 |
13.8 |
4.1 |
2.5 |
|
SP Val.Loss-Affiliates.Sec |
- |
- |
0.0 |
10.6 |
1.2 |
|
SP Changing assistance expenses |
- |
- |
0.0 |
5.4 |
0.0 |
|
SP Prior Serv.Pension |
- |
- |
0.0 |
109.5 |
0.0 |
|
SP Business withdrawal loss |
- |
- |
0.0 |
2.5 |
11.7 |
|
SP Relocation expenses |
- |
- |
- |
0.0 |
0.8 |
|
SP Writeoff-Inventories |
- |
- |
0.0 |
7.4 |
0.0 |
|
SP Loss on disaster |
12.2 |
0.0 |
- |
- |
- |
|
SP Res. for EU antitrust law |
- |
0.0 |
77.4 |
0.0 |
- |
|
SP Business restructuring expense |
40.2 |
49.8 |
153.0 |
0.0 |
- |
|
SP Acquisition Expenses |
- |
- |
- |
0.0 |
89.6 |
|
SP Asbestos Expenses |
- |
- |
- |
- |
0.0 |
|
SP Other Special Loss |
18.1 |
74.6 |
48.7 |
0.0 |
- |
|
Total Operating Expense |
6,635.9 |
6,735.4 |
7,733.3 |
7,294.2 |
5,774.9 |
|
|
|
|
|
|
|
|
NOP Interest Income |
22.0 |
20.8 |
67.5 |
71.0 |
42.1 |
|
NOP Dividend Income |
7.8 |
8.4 |
14.6 |
13.4 |
13.0 |
|
NOP Exchange Gain |
- |
- |
- |
0.0 |
39.2 |
|
NOP Equity Gain |
94.6 |
25.8 |
15.8 |
89.7 |
20.7 |
|
NOP Other Non-Ops.Income |
7.7 |
14.4 |
15.2 |
15.6 |
17.4 |
|
NOP Interest Expense |
-155.1 |
-153.3 |
-198.6 |
-223.1 |
-197.2 |
|
NOP L.Dispo.Inventory |
- |
- |
0.0 |
-9.6 |
-16.4 |
|
NOP Loan Employee Wage |
- |
- |
0.0 |
-5.3 |
-8.9 |
|
NOP Exchange Loss |
-23.0 |
-3.1 |
-27.9 |
-3.9 |
0.0 |
|
NOP Other Non-Ops.Exp. |
-31.3 |
-35.2 |
-27.6 |
-88.0 |
-45.1 |
|
SP Sale Gain-Fixed Asst |
13.2 |
19.5 |
13.3 |
23.4 |
31.6 |
|
SP Sale Gain-Invest.Sec |
0.0 |
44.5 |
76.8 |
117.4 |
383.3 |
|
SP G.Sale Affil.Secs. |
8.6 |
8.3 |
298.8 |
0.1 |
0.4 |
|
SP G on transfer of discont. business |
- |
- |
0.0 |
269.7 |
0.0 |
|
SP Gain on transfer of business |
- |
- |
- |
0.0 |
3.5 |
|
SP L.Sale Fix Asset |
-5.2 |
-1.8 |
-7.1 |
-2.3 |
-1.3 |
|
SP L on sale of inv't secs |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP L.Sale Affil.Secs. |
- |
- |
- |
0.0 |
-9.8 |
|
SP L.Liquid-Affili.Co. |
- |
- |
0.0 |
-0.5 |
0.0 |
|
SP L on sale/val of membership |
- |
- |
0.0 |
-1.4 |
0.0 |
|
Net Income Before Taxes |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-19.6 |
-26.7 |
127.7 |
83.8 |
196.7 |
|
Net Income After Taxes |
58.8 |
-429.7 |
-262.2 |
460.9 |
128.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-39.5 |
-14.8 |
-20.3 |
-19.7 |
-25.3 |
|
Net Income Before Extra. Items |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
Net Income |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
|
|
|
|
|
|
|
Earning Adjustment |
- |
- |
- |
-0.1 |
0.0 |
|
Preferred Dividend |
-18.2 |
-27.2 |
0.0 |
- |
- |
|
Income Available to Com Excl ExtraOrd |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
794.1 |
668.1 |
688.2 |
668.3 |
553.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Basic EPS Including ExtraOrdinary Item |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
Diluted Weighted Average Shares |
794.1 |
668.1 |
688.2 |
711.1 |
596.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
DPS-Common Stock |
0.07 |
0.06 |
0.06 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
63.2 |
43.1 |
39.9 |
35.1 |
31.6 |
|
Normalized Income Before Taxes |
174.5 |
-173.7 |
338.1 |
474.9 |
529.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.2 |
44.0 |
263.6 |
59.2 |
243.4 |
|
Normalized Income After Taxes |
173.3 |
-217.7 |
74.5 |
415.7 |
286.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
115.6 |
-259.7 |
54.2 |
395.9 |
261.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.59 |
0.47 |
|
Diluted Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.56 |
0.44 |
|
Interest Expense |
155.1 |
153.3 |
198.6 |
223.1 |
197.2 |
|
Amort of goodwill |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
R & D Expenses (SGA+COGS) |
124.8 |
129.9 |
104.8 |
135.7 |
116.8 |
|
Depreciation |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Reported Operating Profit |
167.5 |
-184.9 |
19.0 |
406.5 |
203.7 |
|
Reported Ordinary Profit |
90.2 |
-307.2 |
-122.0 |
266.3 |
68.4 |
|
Service cost |
46.6 |
60.2 |
51.2 |
62.7 |
86.7 |
|
Interest cost |
158.4 |
169.7 |
189.3 |
198.5 |
140.7 |
|
Expected return on plan assets |
-136.1 |
-109.0 |
-169.5 |
-204.9 |
-142.1 |
|
Actuarial gains and losses |
63.4 |
35.3 |
2.5 |
18.6 |
12.3 |
|
Prior Service Cost |
0.0 |
2.4 |
- |
- |
- |
|
Domestic Pension Plan Expense |
132.2 |
158.6 |
73.6 |
74.9 |
97.6 |
|
Defined Contribution Expense |
60.0 |
43.0 |
62.9 |
52.7 |
- |
|
Total Pension Expense |
192.2 |
201.7 |
136.5 |
127.6 |
97.6 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Plan asset expected rate of return |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
734.9 |
854.0 |
961.6 |
1,285.3 |
1,362.8 |
|
Note&Acct.Rcvbl. |
1,154.0 |
1,045.4 |
954.7 |
1,462.4 |
1,258.4 |
|
Inventories |
- |
- |
- |
- |
959.2 |
|
Merchandise & finished goods |
665.8 |
600.5 |
702.0 |
690.9 |
- |
|
Inventories - work-in-process |
169.1 |
111.0 |
104.8 |
147.2 |
- |
|
Raw materials & supplies |
381.0 |
345.8 |
345.6 |
362.3 |
- |
|
Deferred Taxes |
12.3 |
6.0 |
9.9 |
74.1 |
26.2 |
|
Other Current |
253.0 |
265.0 |
252.9 |
265.4 |
375.8 |
|
Doubtful Account |
-53.6 |
-44.4 |
-38.6 |
-48.5 |
-37.2 |
|
Total Current Assets |
3,316.4 |
3,183.3 |
3,292.8 |
4,239.0 |
3,945.2 |
|
|
|
|
|
|
|
|
Buildings & Structures |
1,702.6 |
1,510.3 |
1,488.4 |
1,579.9 |
1,321.1 |
|
Accum. depr - bldg&struc |
-983.0 |
-836.7 |
-803.2 |
-769.2 |
- |
|
Machinery & Vehicles |
4,410.6 |
3,828.0 |
3,707.6 |
3,913.4 |
3,174.8 |
|
Accum. depr - machin&vehicles |
-2,562.4 |
-2,136.8 |
-1,912.8 |
-1,729.2 |
- |
|
Tools & Fixtures |
582.6 |
485.1 |
421.2 |
423.9 |
373.8 |
|
Accum. depr - tools, furn, fixtur |
-377.6 |
-307.9 |
-255.1 |
-223.8 |
- |
|
Land |
445.5 |
425.7 |
470.6 |
542.9 |
484.5 |
|
Lease asset, gross |
91.6 |
87.5 |
81.9 |
0.0 |
- |
|
Accum. depr - Lease asset |
-51.1 |
-40.9 |
-31.8 |
0.0 |
- |
|
Constr. in Prog. |
14.5 |
15.9 |
47.5 |
34.3 |
62.5 |
|
Depreciation |
- |
- |
- |
- |
-2,058.0 |
|
Goodwill |
1,299.3 |
1,312.6 |
1,345.4 |
1,820.1 |
1,735.2 |
|
Other Intan.Asst |
1,149.7 |
1,213.4 |
1,288.7 |
1,723.1 |
1,648.2 |
|
Invest. in Secs. |
87.3 |
83.7 |
566.3 |
1,003.3 |
1,074.4 |
|
Equity secs.-nonconsol affil.&sub. |
669.3 |
550.1 |
- |
- |
- |
|
LT Loans |
- |
- |
0.0 |
91.3 |
93.9 |
|
LT Prepaid Exp. |
- |
- |
0.0 |
22.0 |
11.0 |
|
Deferred Taxes |
520.3 |
511.9 |
489.7 |
516.7 |
9.7 |
|
Other Assets |
182.3 |
128.5 |
196.2 |
76.5 |
64.3 |
|
Doubtful Account |
-17.9 |
-21.1 |
-13.5 |
-9.9 |
-7.9 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
10,480.1 |
9,992.7 |
10,379.9 |
13,254.5 |
11,932.9 |
|
|
|
|
|
|
|
|
Note&Acct. Pybl. |
892.0 |
737.4 |
626.7 |
994.2 |
832.4 |
|
ST Borrowings |
180.1 |
274.2 |
238.2 |
933.9 |
908.9 |
|
LT Borrowings, current |
168.1 |
444.5 |
620.2 |
- |
- |
|
Cur.Port.Bond |
301.6 |
107.0 |
0.0 |
100.5 |
0.0 |
|
Lease liabilities, current |
20.4 |
21.2 |
30.8 |
0.0 |
- |
|
Other Pybl. |
- |
- |
0.0 |
228.9 |
148.9 |
|
Income Tax Pybl. |
26.2 |
64.5 |
196.1 |
168.1 |
351.6 |
|
Sales Tax Pybl. |
- |
- |
0.0 |
6.8 |
2.9 |
|
Accrued Exp. |
- |
- |
0.0 |
370.7 |
347.6 |
|
Sec. Depo. |
- |
- |
0.0 |
38.1 |
35.0 |
|
Allow.for Bonus |
62.1 |
57.8 |
24.9 |
25.4 |
21.0 |
|
Bonus to Directors |
0.2 |
0.1 |
0.1 |
1.4 |
0.5 |
|
Res prior.yr retire. pref. |
- |
0.0 |
2.5 |
125.8 |
0.0 |
|
Reserve for EU antitrust law related |
- |
- |
0.0 |
502.3 |
661.6 |
|
Reserve for Dutch antitrust law related |
11.0 |
6.7 |
26.2 |
0.0 |
- |
|
Reserve for products warranties |
61.5 |
77.3 |
50.3 |
73.6 |
0.0 |
|
Reserve for Business restructuring |
26.9 |
37.3 |
110.8 |
0.0 |
- |
|
Reserve for German minority |
4.1 |
3.8 |
32.3 |
0.0 |
- |
|
Provision for loss from disasters |
1.6 |
0.0 |
- |
- |
- |
|
Res.World Show Display |
- |
- |
- |
0.0 |
- |
|
Deferred Taxes |
12.5 |
59.5 |
0.0 |
0.0 |
25.9 |
|
Other Curr.Liab. |
662.3 |
625.1 |
767.6 |
346.4 |
369.7 |
|
Total Current Liabilities |
2,430.6 |
2,516.4 |
2,726.7 |
3,915.9 |
3,706.0 |
|
|
|
|
|
|
|
|
Corporate Bond |
591.2 |
535.1 |
607.5 |
331.5 |
364.2 |
|
LT Debt |
3,189.5 |
2,807.4 |
2,769.6 |
3,219.5 |
3,479.1 |
|
Lease liabilities, non-current |
14.2 |
31.9 |
50.0 |
0.0 |
- |
|
Total Long Term Debt |
3,794.9 |
3,374.4 |
3,427.2 |
3,551.0 |
3,843.3 |
|
|
|
|
|
|
|
|
Res-Acc.Retire |
628.2 |
634.8 |
635.9 |
753.8 |
728.6 |
|
Res-Direc.Retire |
- |
0.0 |
1.9 |
4.4 |
13.2 |
|
Reserve-Repairs |
132.3 |
113.0 |
102.9 |
98.1 |
78.2 |
|
Res. environment program |
73.3 |
79.2 |
66.1 |
72.8 |
65.9 |
|
Asset retirement obligations |
8.0 |
0.0 |
- |
- |
- |
|
Deferred Taxes |
494.7 |
491.4 |
630.5 |
908.4 |
422.4 |
|
Consol.Adjust. |
- |
- |
- |
- |
0.0 |
|
Other LT Liabs. |
180.8 |
215.7 |
184.6 |
212.7 |
105.7 |
|
Minority Int. |
123.3 |
95.7 |
102.1 |
133.7 |
113.1 |
|
Total Liabilities |
7,866.0 |
7,520.7 |
7,877.7 |
9,650.8 |
9,076.5 |
|
|
|
|
|
|
|
|
Common Stock |
1,405.0 |
868.4 |
973.4 |
966.0 |
814.3 |
|
Preferred Stock |
- |
321.1 |
- |
- |
- |
|
Paid-in Capital |
1,515.3 |
1,287.4 |
1,066.0 |
1,057.8 |
891.7 |
|
Retained Earning |
797.9 |
767.3 |
1,196.3 |
1,528.1 |
897.0 |
|
Treasury Stock |
-6.8 |
-6.3 |
-5.9 |
-5.4 |
-3.8 |
|
Unrealized Gains |
8.0 |
8.9 |
23.7 |
92.4 |
219.2 |
|
Deferred hedge gain/loss |
-10.8 |
-53.8 |
-108.9 |
-1.3 |
-25.8 |
|
Translation Adj. |
-1,102.7 |
-728.3 |
-647.4 |
-36.4 |
63.6 |
|
Stock subscription right |
8.2 |
7.3 |
5.0 |
2.5 |
0.2 |
|
Total Equity |
2,614.1 |
2,472.1 |
2,502.2 |
3,603.6 |
2,856.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
10,480.1 |
9,992.8 |
10,379.9 |
13,254.4 |
11,932.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
Total Common Shares Outstanding |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
T/S-Common Stock |
1.4 |
1.4 |
1.4 |
1.3 |
1.1 |
|
Full-Time Employees |
29,340 |
28,338 |
31,436 |
32,587 |
35,811 |
|
Number of Common Shareholders |
64,386 |
59,035 |
56,458 |
58,209 |
66,588 |
|
LT Debts Maturing within 1yr. |
469.7 |
551.5 |
620.2 |
194.6 |
125.3 |
|
LT Debts Maturing within 2yr. |
1,053.1 |
419.4 |
1,562.4 |
716.1 |
464.3 |
|
LT Debts Maturing within 3yr. |
1,593.9 |
956.8 |
360.1 |
2,179.4 |
694.6 |
|
LT Debts Maturing within 4yr. |
450.2 |
1,317.6 |
650.7 |
270.6 |
2,212.2 |
|
LT Debts Maturing within 5yr. |
548.3 |
409.1 |
504.3 |
231.2 |
199.9 |
|
Remaining |
135.1 |
239.7 |
299.6 |
153.8 |
272.3 |
|
Total Long Term Debt, Supplemental |
4,250.4 |
3,894.0 |
3,997.3 |
3,745.6 |
3,968.7 |
|
Capital Lease Payments due in 1 year |
20.4 |
21.2 |
30.8 |
- |
- |
|
Capital Lease Payments due in 2 years |
6.5 |
18.6 |
20.4 |
- |
- |
|
Capital Lease Payments due in 3 years |
3.8 |
6.1 |
17.2 |
- |
- |
|
Capital Lease Payments due in 4 years |
1.2 |
2.3 |
5.6 |
- |
- |
|
Capital Lease Payments due in 5 years |
1.1 |
1.7 |
1.5 |
- |
- |
|
Capital Lease Remaining Maturities |
1.6 |
3.2 |
5.3 |
- |
- |
|
Total Capital Leases |
34.7 |
53.1 |
80.8 |
- |
- |
|
Pension obligation |
3,558.9 |
3,266.5 |
2,617.1 |
3,946.1 |
3,939.9 |
|
Fair value of plan asset |
2,652.3 |
2,358.6 |
1,815.9 |
3,156.6 |
3,183.5 |
|
Funded status |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Total Funded Status |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
|
Unrecognized actuarial gains and losses |
278.5 |
273.1 |
165.4 |
35.7 |
2.3 |
|
Prepaid Pension Benefits |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Reserve for Accrued Retirement Benefits |
-628.2 |
-634.8 |
-635.9 |
-753.8 |
-728.6 |
|
Net Assets Recognized on Balance Sheet |
-349.7 |
-361.7 |
-470.5 |
-718.1 |
-726.3 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
Depreciation |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Amortization of goodwill |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Impairment Loss |
21.6 |
114.8 |
98.5 |
14.9 |
5.8 |
|
Allow.Doubt.Acct. |
0.4 |
9.4 |
-2.0 |
-2.1 |
8.4 |
|
Allowance for Bonuses |
- |
- |
0.0 |
1.1 |
- |
|
Res-Accr.Retire Bft. |
-36.9 |
-14.4 |
-166.0 |
52.9 |
-50.7 |
|
Reserve for repair |
4.7 |
4.3 |
3.9 |
4.6 |
-3.8 |
|
Reserve for EU antitrust law |
- |
0.0 |
-432.4 |
0.0 |
- |
|
Reserve for German minority |
-0.2 |
-30.5 |
39.5 |
0.0 |
- |
|
Reserve for Dutch antitrust law related |
3.3 |
-21.1 |
32.0 |
0.0 |
- |
|
Reserve for Business restructuring |
-14.6 |
-80.2 |
132.3 |
0.0 |
- |
|
Provision for loss on disaster |
1.6 |
0.0 |
- |
- |
- |
|
Fx Asset Sold&Retire |
-1.8 |
-9.4 |
4.8 |
-9.8 |
31.1 |
|
G/L.Sale Inv.Secs. |
0.3 |
-44.5 |
-76.3 |
-117.4 |
-383.3 |
|
G/L on val. LT inv't in secs. |
- |
0.1 |
13.8 |
0.0 |
- |
|
G on transfer of discont. business |
- |
- |
0.0 |
-269.7 |
0.0 |
|
Invest Sec. Revalu. |
- |
- |
- |
14.7 |
3.7 |
|
G/L on sale of affiliate's sec. |
-6.0 |
11.7 |
-298.8 |
-0.1 |
9.4 |
|
Equity Methods |
-94.6 |
-25.8 |
-15.8 |
-89.7 |
-20.7 |
|
Interest&Div. Income |
-29.9 |
-29.1 |
-82.2 |
-84.4 |
-55.1 |
|
Interest Expense |
155.1 |
164.2 |
198.6 |
223.1 |
197.2 |
|
Note&Acct. Rcvbl. |
-23.0 |
-136.6 |
370.9 |
-35.2 |
53.1 |
|
Inventories |
-71.2 |
138.2 |
-99.2 |
-81.0 |
24.1 |
|
Note&Acct. Payable |
86.9 |
7.9 |
-301.4 |
86.4 |
41.2 |
|
Other |
-46.6 |
101.5 |
-67.9 |
-46.5 |
96.3 |
|
Interest&Div. Rcvd. |
76.2 |
62.4 |
108.1 |
113.1 |
84.9 |
|
Interest Paid |
-158.3 |
-210.1 |
-194.2 |
-237.1 |
-164.8 |
|
Income Taxes Paid |
-103.3 |
-200.1 |
-115.6 |
-297.2 |
-67.8 |
|
Newly Consolidated subs |
- |
- |
- |
0.0 |
0.5 |
|
Unconsolidated |
- |
- |
- |
- |
0.0 |
|
Increase due to consol. |
- |
0.0 |
21.7 |
0.8 |
0.0 |
|
Dec. due to money |
- |
- |
0.0 |
-338.7 |
0.0 |
|
Cash from Operating Activities |
364.1 |
-29.8 |
-302.7 |
94.3 |
645.1 |
|
|
|
|
|
|
|
|
Time Deposit Made |
0.0 |
-3.9 |
-2.0 |
-11.4 |
-44.3 |
|
Time Deposit Matured |
4.2 |
4.9 |
9.9 |
9.7 |
44.8 |
|
Purchase Inv. Secs. |
-0.1 |
-0.2 |
-6.7 |
-0.4 |
-40.3 |
|
Sale Inv. Secs. |
0.4 |
82.5 |
96.6 |
135.3 |
467.1 |
|
Purch Affil.Secs. |
-18.1 |
-75.5 |
-25.5 |
-63.3 |
-20.9 |
|
Sale Affil.Secs. |
1.8 |
155.5 |
424.3 |
0.4 |
68.0 |
|
Purchase of consolidated subs. securitie |
- |
- |
- |
0.0 |
-2,689.9 |
|
G on transfer of discont. business |
- |
- |
0.0 |
578.3 |
0.0 |
|
Capital Expenditures |
-348.6 |
-169.4 |
-424.3 |
-354.7 |
-374.0 |
|
Sale Prop.&Eqp. |
19.9 |
31.4 |
37.0 |
33.5 |
109.3 |
|
Purch-Intang. Assets |
-4.2 |
-10.9 |
-4.7 |
-53.3 |
-48.0 |
|
Sale of intangible assets |
0.3 |
0.0 |
- |
- |
- |
|
ST Loan, Net |
0.5 |
-22.1 |
-66.9 |
-20.2 |
17.5 |
|
LT Loan Extended |
-6.6 |
-115.3 |
-1.1 |
-4.7 |
-13.4 |
|
LT Loans collected |
25.9 |
59.6 |
4.7 |
- |
- |
|
Other |
0.0 |
0.0 |
-15.6 |
8.6 |
-21.0 |
|
Cash from Investing Activities |
-324.9 |
-63.4 |
25.8 |
257.8 |
-2,545.2 |
|
|
|
|
|
|
|
|
ST Borrowings |
-28.1 |
4.7 |
-227.9 |
12.1 |
-21.2 |
|
LT Debt Proceeds |
469.3 |
1,558.5 |
976.9 |
220.3 |
2,511.2 |
|
LT Debt Payments |
-710.9 |
-1,894.0 |
-655.4 |
-910.5 |
-829.9 |
|
Repayment of finance lease |
-25.0 |
-33.2 |
-38.3 |
0.0 |
- |
|
Issue Bond |
278.4 |
0.0 |
267.0 |
0.0 |
0.0 |
|
Redemption of Bonds |
-116.7 |
0.0 |
-99.5 |
0.0 |
0.0 |
|
Stocks issued |
469.6 |
322.8 |
0.0 |
- |
- |
|
Treasury stock purchased |
-357.6 |
0.0 |
- |
- |
- |
|
Dividends Paid |
-82.0 |
-55.4 |
-39.9 |
-35.2 |
-25.9 |
|
Dividends paid to minority shareholders |
-17.8 |
-9.3 |
-24.5 |
-17.4 |
-8.0 |
|
Other |
0.0 |
-13.8 |
-0.7 |
-0.8 |
-1.0 |
|
Cash from Financing Activities |
-120.9 |
-119.7 |
157.6 |
-731.5 |
1,625.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-33.5 |
1.9 |
-156.3 |
-114.6 |
108.9 |
|
Net Change in Cash |
-115.1 |
-210.9 |
-275.6 |
-494.0 |
-165.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
657.6 |
813.4 |
1,028.0 |
1,397.7 |
1,532.0 |
|
Net Cash - Ending Balance |
542.5 |
602.5 |
752.3 |
903.7 |
1,366.1 |
|
Cash Interest Paid |
158.3 |
210.1 |
194.2 |
237.1 |
164.8 |
|
Cash Taxes Paid |
103.3 |
200.1 |
115.6 |
297.2 |
67.8 |
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-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
Revenue |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
Total Revenue |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
|
|
|
|
|
|
|
Cost of Revenue |
4,912.2 |
4,734.8 |
5,346.8 |
5,207.4 |
4,093.4 |
|
Cost of Revenue, Total |
4,912.2 |
4,734.8 |
5,346.8 |
5,207.4 |
4,093.4 |
|
Gross Profit |
1,823.8 |
1,596.1 |
2,011.2 |
2,365.3 |
1,734.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,004.4 |
1,101.0 |
1,374.8 |
1,369.7 |
1,050.5 |
|
Labor & Related Expense |
651.9 |
679.9 |
617.5 |
596.5 |
480.3 |
|
Total Selling/General/Administrative Expenses |
1,656.3 |
1,780.9 |
1,992.2 |
1,966.2 |
1,530.8 |
|
Restructuring Charge |
40.2 |
49.8 |
153.0 |
0.0 |
- |
|
Impairment-Assets Held for Use |
21.6 |
123.1 |
109.5 |
26.3 |
66.9 |
|
Impairment-Assets Held for Sale |
- |
0.1 |
13.8 |
14.7 |
3.7 |
|
Other Unusual Expense (Income) |
5.7 |
46.7 |
118.0 |
79.5 |
80.1 |
|
Unusual Expense (Income) |
67.5 |
219.7 |
394.3 |
120.6 |
150.7 |
|
Total Operating Expense |
6,635.9 |
6,735.4 |
7,733.3 |
7,294.2 |
5,774.9 |
|
|
|
|
|
|
|
|
Operating Income |
100.0 |
-404.5 |
-375.3 |
278.5 |
53.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-155.1 |
-153.3 |
-198.6 |
-223.1 |
-197.2 |
|
Interest Expense, Net Non-Operating |
-155.1 |
-153.3 |
-198.6 |
-223.1 |
-197.2 |
|
Interest Income -
Non-Operating |
22.0 |
20.8 |
67.5 |
71.0 |
42.1 |
|
Investment Income -
Non-Operating |
88.0 |
83.9 |
378.1 |
215.2 |
446.8 |
|
Interest/Investment Income - Non-Operating |
110.0 |
104.7 |
445.6 |
286.2 |
488.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-45.1 |
-48.7 |
247.0 |
63.1 |
291.7 |
|
Gain (Loss) on Sale of Assets |
7.9 |
17.7 |
6.2 |
280.7 |
17.3 |
|
Other Non-Operating Income (Expense) |
-23.6 |
-20.8 |
-12.4 |
-77.7 |
-36.6 |
|
Other, Net |
-23.6 |
-20.8 |
-12.4 |
-77.7 |
-36.6 |
|
Income Before Tax |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
|
|
|
|
|
|
|
Total Income Tax |
-19.6 |
-26.7 |
127.7 |
83.8 |
196.7 |
|
Income After Tax |
58.8 |
-429.7 |
-262.2 |
460.9 |
128.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-39.5 |
-14.8 |
-20.3 |
-19.7 |
-25.3 |
|
Net Income Before Extraord Items |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
Net Income |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-18.2 |
-27.2 |
0.0 |
- |
- |
|
Miscellaneous Earnings Adjustment |
- |
- |
- |
-0.1 |
0.0 |
|
Total Adjustments to Net Income |
-18.2 |
-27.2 |
0.0 |
-0.1 |
0.0 |
|
Income Available to Common Excl Extraord Items |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
794.1 |
668.1 |
688.2 |
668.3 |
553.6 |
|
Basic EPS Excl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
Diluted Weighted Average Shares |
794.1 |
668.1 |
688.2 |
711.1 |
596.4 |
|
Diluted EPS Excl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
Diluted EPS Incl Extraord Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
Dividends per Share - Common Stock Primary Issue |
0.07 |
0.06 |
0.06 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
63.2 |
43.1 |
39.9 |
35.1 |
31.6 |
|
Interest Expense, Supplemental |
155.1 |
153.3 |
198.6 |
223.1 |
197.2 |
|
Depreciation, Supplemental |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Total Special Items |
135.3 |
282.7 |
472.6 |
-69.8 |
204.5 |
|
Normalized Income Before Tax |
174.5 |
-173.7 |
338.1 |
474.9 |
529.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
20.8 |
70.7 |
135.8 |
-24.7 |
46.7 |
|
Inc Tax Ex Impact of Sp Items |
1.2 |
44.0 |
263.6 |
59.2 |
243.4 |
|
Normalized Income After Tax |
173.3 |
-217.7 |
74.5 |
415.7 |
286.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
115.6 |
-259.7 |
54.2 |
395.9 |
261.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.59 |
0.47 |
|
Diluted Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.56 |
0.44 |
|
Amort of Acquisition Costs, Supplemental |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Research & Development Exp, Supplemental |
124.8 |
129.9 |
104.8 |
135.7 |
116.8 |
|
Reported Operating Profit |
167.5 |
-184.9 |
19.0 |
406.5 |
203.7 |
|
Reported Ordinary Profit |
90.2 |
-307.2 |
-122.0 |
266.3 |
68.4 |
|
Normalized EBIT |
167.5 |
-184.9 |
19.0 |
399.1 |
203.7 |
|
Normalized EBITDA |
728.9 |
429.1 |
678.4 |
1,046.0 |
713.9 |
|
Interest Cost - Domestic |
158.4 |
169.7 |
189.3 |
198.5 |
140.7 |
|
Service Cost - Domestic |
46.6 |
60.2 |
51.2 |
62.7 |
86.7 |
|
Prior Service Cost - Domestic |
0.0 |
2.4 |
- |
- |
- |
|
Expected Return on Assets - Domestic |
-136.1 |
-109.0 |
-169.5 |
-204.9 |
-142.1 |
|
Actuarial Gains and Losses - Domestic |
63.4 |
35.3 |
2.5 |
18.6 |
12.3 |
|
Domestic Pension Plan Expense |
132.2 |
158.6 |
73.6 |
74.9 |
97.6 |
|
Defined Contribution Expense - Domestic |
60.0 |
43.0 |
62.9 |
52.7 |
- |
|
Total Pension Expense |
192.2 |
201.7 |
136.5 |
127.6 |
97.6 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
|
Total Plan Interest Cost |
158.4 |
169.7 |
189.3 |
198.5 |
140.7 |
|
Total Plan Service Cost |
46.6 |
60.2 |
51.2 |
62.7 |
86.7 |
|
Total Plan Expected Return |
-136.1 |
-109.0 |
-169.5 |
-204.9 |
-142.1 |
Interim 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 |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
77.752043 |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
|
|
|
|
|
|
|
|
Net Sales |
1,844.1 |
1,778.8 |
1,720.4 |
1,720.2 |
1,696.7 |
|
Revenue |
1,844.1 |
1,778.8 |
1,720.4 |
1,720.2 |
1,696.7 |
|
Total Revenue |
1,844.1 |
1,778.8 |
1,720.4 |
1,720.2 |
1,696.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,362.8 |
1,309.4 |
1,308.2 |
1,222.3 |
1,248.8 |
|
Cost of Revenue, Total |
1,362.8 |
1,309.4 |
1,308.2 |
1,222.3 |
1,248.8 |
|
Gross Profit |
481.3 |
469.4 |
412.2 |
497.9 |
447.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
426.6 |
441.8 |
221.9 |
312.5 |
437.1 |
|
Labor & Related Expense |
- |
- |
166.5 |
162.2 |
- |
|
Total Selling/General/Administrative Expenses |
426.6 |
441.8 |
388.3 |
474.7 |
437.1 |
|
Restructuring Charge |
- |
- |
22.3 |
3.1 |
- |
|
Impairment-Assets Held for Use |
- |
- |
22.7 |
1.1 |
- |
|
Other Unusual Expense (Income) |
- |
- |
6.7 |
1.4 |
- |
|
Unusual Expense (Income) |
- |
- |
51.7 |
5.5 |
- |
|
Other, Net |
-17.0 |
-16.7 |
- |
- |
-108.5 |
|
Other Operating Expenses, Total |
-17.0 |
-16.7 |
- |
- |
-108.5 |
|
Total Operating Expense |
1,772.4 |
1,734.5 |
1,748.2 |
1,702.6 |
1,577.3 |
|
|
|
|
|
|
|
|
Operating Income |
71.7 |
44.3 |
-27.8 |
17.6 |
119.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-43.0 |
-45.8 |
-41.0 |
-37.4 |
-48.3 |
|
Interest Expense, Net Non-Operating |
-43.0 |
-45.8 |
-41.0 |
-37.4 |
-48.3 |
|
Interest Income -
Non-Operating |
7.5 |
5.1 |
7.7 |
5.1 |
3.7 |
|
Investment Income -
Non-Operating |
27.8 |
25.3 |
30.4 |
29.3 |
18.8 |
|
Interest/Investment Income - Non-Operating |
35.4 |
30.4 |
38.1 |
34.4 |
22.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
-7.7 |
-15.4 |
-2.9 |
-3.1 |
-25.8 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.6 |
2.1 |
- |
|
Other Non-Operating Income (Expense) |
-5.8 |
-6.2 |
-6.9 |
-9.8 |
-6.0 |
|
Other, Net |
-5.8 |
-6.2 |
-6.9 |
-9.8 |
-6.0 |
|
Income Before Tax |
58.2 |
22.7 |
-37.0 |
6.8 |
87.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
1.3 |
-0.3 |
-36.9 |
-16.6 |
30.1 |
|
Income After Tax |
56.9 |
23.0 |
-0.1 |
23.4 |
57.4 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.7 |
-3.5 |
0.0 |
-3.4 |
-30.6 |
|
Net Income Before Extraord Items |
53.2 |
19.5 |
-0.1 |
20.0 |
26.8 |
|
Net Income |
53.2 |
19.5 |
-0.1 |
20.0 |
26.8 |
|
|
|
|
|
|
|
|
Preferred Dividends |
- |
- |
0.9 |
-5.7 |
- |
|
Miscellaneous Earnings Adjustment |
0.0 |
- |
0.0 |
- |
- |
|
Total Adjustments to Net Income |
0.0 |
- |
0.9 |
-5.7 |
- |
|
Income Available to Common Excl Extraord Items |
53.2 |
19.5 |
0.8 |
14.4 |
26.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
53.2 |
19.5 |
0.8 |
14.4 |
26.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
902.1 |
902.1 |
879.6 |
902.1 |
707.1 |
|
Basic EPS Excl Extraord Items |
0.06 |
0.02 |
0.00 |
0.02 |
0.04 |
|
Basic/Primary EPS Incl Extraord Items |
0.06 |
0.02 |
0.00 |
0.02 |
0.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Diluted Net Income |
53.2 |
19.5 |
0.8 |
14.4 |
27.7 |
|
Diluted Weighted Average Shares |
903.9 |
903.9 |
879.6 |
902.1 |
753.6 |
|
Diluted EPS Excl Extraord Items |
0.06 |
0.02 |
0.00 |
0.02 |
0.04 |
|
Diluted EPS Incl Extraord Items |
0.06 |
0.02 |
0.00 |
0.02 |
0.04 |
|
Dividends per Share - Common Stock Primary Issue |
0.04 |
0.00 |
0.04 |
0.00 |
0.03 |
|
Gross Dividends - Common Stock |
34.8 |
0.0 |
32.9 |
0.0 |
31.5 |
|
Interest Expense, Supplemental |
43.0 |
45.8 |
41.0 |
37.4 |
48.3 |
|
Depreciation, Supplemental |
93.0 |
93.2 |
128.4 |
123.1 |
88.2 |
|
Total Special Items |
- |
- |
70.1 |
23.0 |
- |
|
Normalized Income Before Tax |
58.2 |
22.7 |
33.1 |
29.9 |
87.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
- |
- |
17.9 |
1.2 |
- |
|
Inc Tax Ex Impact of Sp Items |
1.3 |
-0.3 |
-19.0 |
-15.4 |
30.1 |
|
Normalized Income After Tax |
56.9 |
23.0 |
52.1 |
45.3 |
57.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
53.2 |
19.5 |
53.0 |
36.2 |
26.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.06 |
0.02 |
0.06 |
0.04 |
0.04 |
|
Diluted Normalized EPS |
0.06 |
0.02 |
0.06 |
0.04 |
0.04 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
19.0 |
19.6 |
- |
|
Amort of Intangibles, Supplemental |
30.7 |
31.5 |
- |
- |
30.3 |
|
Reported Operating Profit |
71.7 |
44.3 |
23.9 |
23.2 |
119.3 |
|
Reported Ordinary Profit |
- |
- |
4.2 |
11.3 |
- |
|
Normalized EBIT |
71.7 |
44.3 |
23.9 |
23.2 |
119.3 |
|
Normalized EBITDA |
195.4 |
168.9 |
171.3 |
165.9 |
237.8 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
734.9 |
854.0 |
961.6 |
1,285.3 |
1,362.8 |
|
Cash and Short Term Investments |
734.9 |
854.0 |
961.6 |
1,285.3 |
1,362.8 |
|
Accounts Receivable -
Trade, Gross |
1,154.0 |
1,045.4 |
954.7 |
1,462.4 |
1,258.4 |
|
Provision for Doubtful
Accounts |
-53.6 |
-44.4 |
-38.6 |
-48.5 |
-37.2 |
|
Trade Accounts Receivable - Net |
1,100.3 |
1,001.0 |
916.0 |
1,413.9 |
1,221.2 |
|
Total Receivables, Net |
1,100.3 |
1,001.0 |
916.0 |
1,413.9 |
1,221.2 |
|
Inventories - Finished Goods |
665.8 |
600.5 |
702.0 |
690.9 |
- |
|
Inventories - Work In Progress |
169.1 |
111.0 |
104.8 |
147.2 |
- |
|
Inventories - Raw Materials |
381.0 |
345.8 |
345.6 |
362.3 |
- |
|
Total Inventory |
1,215.9 |
1,057.3 |
1,152.4 |
1,200.5 |
959.2 |
|
Deferred Income Tax - Current Asset |
12.3 |
6.0 |
9.9 |
74.1 |
26.2 |
|
Other Current Assets |
253.0 |
265.0 |
252.9 |
265.4 |
375.8 |
|
Other Current Assets, Total |
265.3 |
271.0 |
262.7 |
339.4 |
402.0 |
|
Total Current Assets |
3,316.4 |
3,183.3 |
3,292.8 |
4,239.0 |
3,945.2 |
|
|
|
|
|
|
|
|
Buildings |
1,702.6 |
1,510.3 |
1,488.4 |
1,579.9 |
1,321.1 |
|
Land/Improvements |
445.5 |
425.7 |
470.6 |
542.9 |
484.5 |
|
Machinery/Equipment |
4,993.2 |
4,313.1 |
4,128.8 |
4,337.3 |
3,548.6 |
|
Construction in
Progress |
14.5 |
15.9 |
47.5 |
34.3 |
62.5 |
|
Leases |
91.6 |
87.5 |
81.9 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
7,247.3 |
6,352.5 |
6,217.2 |
6,494.4 |
5,416.7 |
|
Accumulated Depreciation |
-3,974.1 |
-3,322.3 |
-3,002.9 |
-2,722.2 |
-2,058.0 |
|
Property/Plant/Equipment - Net |
3,273.3 |
3,030.2 |
3,214.3 |
3,772.3 |
3,358.7 |
|
Goodwill, Net |
1,299.3 |
1,312.6 |
1,345.4 |
1,820.1 |
1,735.2 |
|
Intangibles, Net |
1,149.7 |
1,213.4 |
1,288.7 |
1,723.1 |
1,648.2 |
|
LT Investment - Affiliate Companies |
669.3 |
550.1 |
- |
- |
- |
|
LT Investments - Other |
87.3 |
83.7 |
566.3 |
1,003.3 |
1,074.4 |
|
Long Term Investments |
756.7 |
633.8 |
566.3 |
1,003.3 |
1,074.4 |
|
Note Receivable - Long Term |
- |
- |
0.0 |
91.3 |
93.9 |
|
Deferred Income Tax - Long Term Asset |
520.3 |
511.9 |
489.7 |
516.7 |
9.7 |
|
Other Long Term Assets |
164.4 |
107.4 |
182.7 |
88.6 |
67.4 |
|
Other Long Term Assets, Total |
684.7 |
619.4 |
672.4 |
605.3 |
77.1 |
|
Total Assets |
10,480.1 |
9,992.7 |
10,379.9 |
13,254.5 |
11,932.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
892.0 |
737.4 |
626.7 |
994.2 |
832.4 |
|
Accrued Expenses |
62.3 |
58.0 |
25.0 |
404.2 |
372.0 |
|
Notes Payable/Short Term Debt |
180.1 |
274.2 |
238.2 |
933.9 |
908.9 |
|
Current Portion - Long Term Debt/Capital Leases |
490.2 |
572.7 |
650.9 |
100.5 |
0.0 |
|
Security Deposits |
- |
- |
0.0 |
38.1 |
35.0 |
|
Income Taxes Payable |
26.2 |
64.5 |
196.1 |
168.1 |
351.6 |
|
Other Payables |
- |
- |
0.0 |
228.9 |
148.9 |
|
Deferred Income Tax - Current Liability |
12.5 |
59.5 |
0.0 |
0.0 |
25.9 |
|
Other Current Liabilities |
767.4 |
750.2 |
989.7 |
1,048.0 |
1,031.3 |
|
Other Current liabilities, Total |
806.1 |
874.2 |
1,185.8 |
1,483.2 |
1,592.6 |
|
Total Current Liabilities |
2,430.6 |
2,516.4 |
2,726.7 |
3,915.9 |
3,706.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
3,780.7 |
3,342.5 |
3,377.1 |
3,551.0 |
3,843.3 |
|
Capital Lease Obligations |
14.2 |
31.9 |
50.0 |
0.0 |
- |
|
Total Long Term Debt |
3,794.9 |
3,374.4 |
3,427.2 |
3,551.0 |
3,843.3 |
|
Total Debt |
4,465.2 |
4,221.3 |
4,316.3 |
4,585.4 |
4,752.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
494.7 |
491.4 |
630.5 |
908.4 |
422.4 |
|
Deferred Income Tax |
494.7 |
491.4 |
630.5 |
908.4 |
422.4 |
|
Minority Interest |
123.3 |
95.7 |
102.1 |
133.7 |
113.1 |
|
Reserves |
205.5 |
192.2 |
169.0 |
170.9 |
144.1 |
|
Pension Benefits - Underfunded |
628.2 |
634.8 |
637.8 |
758.1 |
741.9 |
|
Other Long Term Liabilities |
188.8 |
215.7 |
184.6 |
212.7 |
105.7 |
|
Other Liabilities, Total |
1,022.5 |
1,042.7 |
991.3 |
1,141.8 |
991.7 |
|
Total Liabilities |
7,866.0 |
7,520.7 |
7,877.7 |
9,650.8 |
9,076.5 |
|
|
|
|
|
|
|
|
Redeemable Convertible Preferred Stock |
- |
321.1 |
- |
- |
- |
|
Redeemable Preferred Stock |
- |
321.1 |
- |
- |
- |
|
Common Stock |
1,405.0 |
868.4 |
973.4 |
966.0 |
814.3 |
|
Common Stock |
1,405.0 |
868.4 |
973.4 |
966.0 |
814.3 |
|
Additional Paid-In Capital |
1,523.5 |
1,294.7 |
1,071.0 |
1,060.4 |
891.9 |
|
Retained Earnings (Accumulated Deficit) |
797.9 |
767.3 |
1,196.3 |
1,528.1 |
897.0 |
|
Treasury Stock - Common |
-6.8 |
-6.3 |
-5.9 |
-5.4 |
-3.8 |
|
Unrealized Gain (Loss) |
-2.8 |
-44.8 |
-85.2 |
91.1 |
193.4 |
|
Translation Adjustment |
-1,102.7 |
-728.3 |
-647.4 |
-36.4 |
63.6 |
|
Other Equity, Total |
-1,102.7 |
-728.3 |
-647.4 |
-36.4 |
63.6 |
|
Total Equity |
2,614.1 |
2,472.1 |
2,502.2 |
3,603.6 |
2,856.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
10,480.1 |
9,992.8 |
10,379.9 |
13,254.4 |
11,932.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
Total Common Shares Outstanding |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
Treasury Shares - Common Stock Primary Issue |
1.4 |
1.4 |
1.4 |
1.3 |
1.1 |
|
Employees |
29,340 |
28,338 |
31,436 |
32,587 |
35,811 |
|
Number of Common Shareholders |
64,386 |
59,035 |
56,458 |
58,209 |
66,588 |
|
Total Long Term Debt, Supplemental |
4,250.4 |
3,894.0 |
3,997.3 |
3,745.6 |
3,968.7 |
|
Long Term Debt Maturing within 1 Year |
469.7 |
551.5 |
620.2 |
194.6 |
125.3 |
|
Long Term Debt Maturing in Year 2 |
1,053.1 |
419.4 |
1,562.4 |
716.1 |
464.3 |
|
Long Term Debt Maturing in Year 3 |
1,593.9 |
956.8 |
360.1 |
2,179.4 |
694.6 |
|
Long Term Debt Maturing in Year 4 |
450.2 |
1,317.6 |
650.7 |
270.6 |
2,212.2 |
|
Long Term Debt Maturing in Year 5 |
548.3 |
409.1 |
504.3 |
231.2 |
199.9 |
|
Long Term Debt Maturing in 2-3 Years |
2,647.0 |
1,376.2 |
1,922.5 |
2,895.5 |
1,158.9 |
|
Long Term Debt Maturing in 4-5 Years |
998.6 |
1,726.7 |
1,155.0 |
501.7 |
2,412.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
135.1 |
239.7 |
299.6 |
153.8 |
272.3 |
|
Total Capital Leases, Supplemental |
34.7 |
53.1 |
80.8 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
20.4 |
21.2 |
30.8 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
6.5 |
18.6 |
20.4 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
3.8 |
6.1 |
17.2 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
1.2 |
2.3 |
5.6 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
1.1 |
1.7 |
1.5 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
10.3 |
24.7 |
37.7 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
2.4 |
3.9 |
7.1 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
1.6 |
3.2 |
5.3 |
- |
- |
|
Pension Obligation - Domestic |
3,558.9 |
3,266.5 |
2,617.1 |
3,946.1 |
3,939.9 |
|
Plan Assets - Domestic |
2,652.3 |
2,358.6 |
1,815.9 |
3,156.6 |
3,183.5 |
|
Funded Status - Domestic |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Total Funded Status |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
|
Prepaid Benefits - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Accrued Liabilities - Domestic |
-628.2 |
-634.8 |
-635.9 |
-753.8 |
-728.6 |
|
Other Assets, Net - Domestic |
278.5 |
273.1 |
165.4 |
35.7 |
2.3 |
|
Net Assets Recognized on Balance Sheet |
-349.7 |
-361.7 |
-470.5 |
-718.1 |
-726.3 |
|
Total Plan Obligations |
3,558.9 |
3,266.5 |
2,617.1 |
3,946.1 |
3,939.9 |
|
Total Plan Assets |
2,652.3 |
2,358.6 |
1,815.9 |
3,156.6 |
3,183.5 |
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 |
Restated 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 |
527.7 |
543.9 |
734.9 |
784.0 |
731.7 |
|
Short Term Investments |
0.0 |
2.7 |
2.8 |
- |
- |
|
Cash and Short Term Investments |
527.7 |
546.7 |
737.7 |
784.0 |
731.7 |
|
Accounts Receivable -
Trade, Gross |
- |
- |
- |
1,126.9 |
1,160.7 |
|
Provision for Doubtful
Accounts |
- |
- |
- |
-45.2 |
-45.9 |
|
Trade Accounts Receivable - Net |
1,390.6 |
1,376.0 |
1,335.5 |
1,081.6 |
1,114.8 |
|
Total Receivables, Net |
1,390.6 |
1,376.0 |
1,335.5 |
1,081.6 |
1,114.8 |
|
Inventories - Finished Goods |
- |
- |
- |
703.4 |
632.4 |
|
Inventories - Work In Progress |
- |
- |
- |
122.2 |
122.1 |
|
Inventories - Raw Materials |
- |
- |
- |
373.1 |
379.8 |
|
Total Inventory |
1,296.2 |
1,301.0 |
1,210.7 |
1,198.7 |
1,134.3 |
|
Other Current Assets |
53.5 |
49.5 |
44.2 |
199.5 |
193.7 |
|
Other Current Assets, Total |
53.5 |
49.5 |
44.2 |
199.5 |
193.7 |
|
Total Current Assets |
3,267.9 |
3,273.1 |
3,328.1 |
3,263.8 |
3,174.4 |
|
|
|
|
|
|
|
|
Buildings |
- |
- |
- |
1,712.1 |
1,674.4 |
|
Land/Improvements |
- |
- |
- |
446.1 |
454.7 |
|
Machinery/Equipment |
- |
- |
- |
4,796.9 |
4,689.6 |
|
Construction in
Progress |
- |
- |
- |
17.7 |
13.7 |
|
Leases |
- |
- |
- |
109.6 |
94.8 |
|
Property/Plant/Equipment - Gross |
- |
- |
- |
7,082.4 |
6,927.3 |
|
Accumulated Depreciation |
- |
- |
- |
-3,923.0 |
-3,773.4 |
|
Property/Plant/Equipment - Net |
3,189.9 |
3,296.4 |
3,284.0 |
3,159.3 |
3,154.0 |
|
Goodwill, Net |
1,253.3 |
1,385.5 |
1,380.7 |
1,256.8 |
1,288.9 |
|
Intangibles, Net |
1,119.8 |
1,217.5 |
1,231.0 |
1,144.5 |
1,181.4 |
|
LT Investment - Affiliate Companies |
618.4 |
631.5 |
596.3 |
- |
- |
|
LT Investments - Other |
122.2 |
123.8 |
121.6 |
700.0 |
657.3 |
|
Long Term Investments |
740.6 |
755.3 |
717.9 |
700.0 |
657.3 |
|
Note Receivable - Long Term |
138.8 |
145.0 |
148.3 |
- |
- |
|
Deferred Income Tax - Long Term Asset |
677.0 |
602.4 |
605.2 |
- |
- |
|
Other Long Term Assets |
19.4 |
31.2 |
36.3 |
689.3 |
680.4 |
|
Other Long Term Assets, Total |
696.5 |
633.6 |
641.4 |
689.3 |
680.4 |
|
Total Assets |
10,406.8 |
10,706.4 |
10,731.4 |
10,213.7 |
10,136.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,316.9 |
1,449.9 |
1,482.5 |
709.3 |
728.6 |
|
Notes Payable/Short Term Debt |
0.0 |
0.0 |
0.0 |
118.4 |
131.6 |
|
Current Portion - Long Term Debt/Capital Leases |
474.8 |
534.7 |
680.2 |
425.8 |
416.6 |
|
Income Taxes Payable |
- |
- |
- |
54.1 |
85.3 |
|
Other Current Liabilities |
203.4 |
226.8 |
307.8 |
770.2 |
827.0 |
|
Other Current liabilities, Total |
203.4 |
226.8 |
307.8 |
824.3 |
912.3 |
|
Total Current Liabilities |
1,995.1 |
2,211.4 |
2,470.5 |
2,077.9 |
2,189.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
4,351.4 |
4,119.3 |
3,845.1 |
3,749.3 |
3,394.2 |
|
Capital Lease Obligations |
- |
- |
- |
18.7 |
22.1 |
|
Total Long Term Debt |
4,351.4 |
4,119.3 |
3,845.1 |
3,768.0 |
3,416.3 |
|
Total Debt |
4,826.2 |
4,654.1 |
4,525.3 |
4,312.2 |
3,964.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
500.6 |
537.2 |
542.0 |
- |
- |
|
Deferred Income Tax |
500.6 |
537.2 |
542.0 |
- |
- |
|
Minority Interest |
120.0 |
128.4 |
124.8 |
129.0 |
125.6 |
|
Reserves |
219.7 |
221.6 |
155.6 |
214.3 |
202.0 |
|
Pension Benefits - Underfunded |
1,058.1 |
810.8 |
855.4 |
612.7 |
627.9 |
|
Other Long Term Liabilities |
95.2 |
90.0 |
129.1 |
721.8 |
733.1 |
|
Other Liabilities, Total |
1,373.0 |
1,122.4 |
1,140.1 |
1,548.8 |
1,563.0 |
|
Total Liabilities |
8,340.2 |
8,118.8 |
8,122.4 |
7,523.6 |
7,294.0 |
|
|
|
|
|
|
|
|
Redeemable Convertible Preferred Stock |
- |
- |
- |
249.1 |
- |
|
Redeemable Preferred Stock |
- |
- |
- |
249.1 |
- |
|
Common Stock |
1,510.8 |
1,441.9 |
1,405.0 |
1,311.3 |
1,393.9 |
|
Common Stock |
1,510.8 |
1,441.9 |
1,405.0 |
1,311.3 |
1,393.9 |
|
Additional Paid-In Capital |
1,654.3 |
1,578.9 |
1,538.5 |
1,678.6 |
1,871.2 |
|
Retained Earnings (Accumulated Deficit) |
-239.7 |
-70.4 |
-55.2 |
823.0 |
822.9 |
|
Treasury Stock - Common |
- |
- |
- |
-7.3 |
-7.0 |
|
Unrealized Gain (Loss) |
- |
- |
- |
-31.5 |
-49.4 |
|
Translation Adjustment |
- |
- |
- |
-1,332.9 |
-1,189.3 |
|
Other Comprehensive Income |
-858.7 |
-362.7 |
-279.4 |
- |
- |
|
Other Equity, Total |
-858.7 |
-362.7 |
-279.4 |
-1,332.9 |
-1,189.3 |
|
Total Equity |
2,066.6 |
2,587.6 |
2,609.0 |
2,690.2 |
2,842.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
10,406.8 |
10,706.4 |
10,731.4 |
10,213.7 |
10,136.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
902.1 |
902.1 |
902.1 |
902.1 |
902.1 |
|
Total Common Shares Outstanding |
902.1 |
902.1 |
902.1 |
902.1 |
902.1 |
|
Treasury Shares - Common Stock Primary Issue |
1.4 |
1.4 |
1.4 |
1.5 |
1.4 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
- |
- |
- |
2.0 |
3.0 |
|
Total Preferred Stock Outstanding |
- |
- |
- |
2.0 |
3.0 |
|
Treasury Shares - Preferred Primary Issue |
- |
- |
- |
0.0 |
0.0 |
|
Employees |
- |
- |
- |
29,258 |
29,214 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
Depreciation |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Depreciation/Depletion |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Amortization of Acquisition Costs |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Amortization |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Unusual Items |
15.7 |
72.6 |
-257.9 |
-367.4 |
-333.4 |
|
Equity in Net Earnings (Loss) |
-94.6 |
-25.8 |
-15.8 |
-89.7 |
-20.7 |
|
Other Non-Cash Items |
81.9 |
2.5 |
-254.5 |
-143.7 |
96.5 |
|
Non-Cash Items |
3.0 |
49.3 |
-528.2 |
-600.8 |
-257.5 |
|
Accounts Receivable |
-23.0 |
-136.6 |
370.9 |
-35.2 |
53.1 |
|
Inventories |
-71.2 |
138.2 |
-99.2 |
-81.0 |
24.1 |
|
Accounts Payable |
86.9 |
7.9 |
-301.4 |
86.4 |
41.2 |
|
Accrued Expenses |
- |
- |
0.0 |
1.1 |
- |
|
Other Operating Cash Flow |
-232.1 |
-246.2 |
-269.7 |
-467.7 |
-51.5 |
|
Changes in Working Capital |
-239.5 |
-236.7 |
-299.4 |
-496.5 |
66.9 |
|
Cash from Operating Activities |
364.1 |
-29.8 |
-302.7 |
94.3 |
645.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-348.6 |
-169.4 |
-424.3 |
-354.7 |
-374.0 |
|
Purchase/Acquisition of Intangibles |
-4.2 |
-10.9 |
-4.7 |
-53.3 |
-48.0 |
|
Capital Expenditures |
-352.8 |
-180.3 |
-429.0 |
-408.0 |
-422.0 |
|
Sale of Business |
- |
- |
0.0 |
578.3 |
0.0 |
|
Sale of Fixed Assets |
19.9 |
31.4 |
37.0 |
33.5 |
109.3 |
|
Sale/Maturity of Investment |
6.3 |
242.9 |
530.8 |
145.3 |
579.9 |
|
Purchase of Investments |
-18.3 |
-79.6 |
-34.1 |
-75.1 |
-2,795.4 |
|
Sale of Intangible Assets |
0.3 |
0.0 |
- |
- |
- |
|
Other Investing Cash Flow |
19.7 |
-77.8 |
-79.0 |
-16.3 |
-17.0 |
|
Other Investing Cash Flow Items, Total |
27.9 |
117.0 |
454.8 |
665.8 |
-2,123.1 |
|
Cash from Investing Activities |
-324.9 |
-63.4 |
25.8 |
257.8 |
-2,545.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-17.8 |
-23.1 |
-25.2 |
-18.2 |
-8.9 |
|
Financing Cash Flow Items |
-17.8 |
-23.1 |
-25.2 |
-18.2 |
-8.9 |
|
Cash Dividends Paid - Common |
-82.0 |
-55.4 |
-39.9 |
-35.2 |
-25.9 |
|
Total Cash Dividends Paid |
-82.0 |
-55.4 |
-39.9 |
-35.2 |
-25.9 |
|
Sale/Issuance of
Common |
469.6 |
322.8 |
0.0 |
- |
- |
|
Repurchase/Retirement
of Common |
-357.6 |
0.0 |
- |
- |
- |
|
Common Stock, Net |
112.0 |
322.8 |
0.0 |
- |
- |
|
Issuance (Retirement) of Stock, Net |
112.0 |
322.8 |
0.0 |
- |
- |
|
Short Term Debt, Net |
-28.1 |
4.7 |
-227.9 |
12.1 |
-21.2 |
|
Long Term Debt Issued |
747.7 |
1,558.5 |
1,243.9 |
220.3 |
2,511.2 |
|
Long Term Debt
Reduction |
-852.6 |
-1,927.2 |
-793.2 |
-910.5 |
-829.9 |
|
Long Term Debt, Net |
-104.9 |
-368.7 |
450.6 |
-690.2 |
1,681.3 |
|
Issuance (Retirement) of Debt, Net |
-133.0 |
-364.0 |
222.7 |
-678.1 |
1,660.2 |
|
Cash from Financing Activities |
-120.9 |
-119.7 |
157.6 |
-731.5 |
1,625.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-33.5 |
1.9 |
-156.3 |
-114.6 |
108.9 |
|
Net Change in Cash |
-115.1 |
-210.9 |
-275.6 |
-494.0 |
-165.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
657.6 |
813.4 |
1,028.0 |
1,397.7 |
1,532.0 |
|
Net Cash - Ending Balance |
542.5 |
602.5 |
752.3 |
903.7 |
1,366.1 |
|
Cash Interest Paid |
158.3 |
210.1 |
194.2 |
237.1 |
164.8 |
|
Cash Taxes Paid |
103.3 |
200.1 |
115.6 |
297.2 |
67.8 |
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 |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
79.672811 |
81.605269 |
85.691434 |
86.812446 |
88.962162 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
79.1 |
23.0 |
39.2 |
73.7 |
90.6 |
|
Depreciation |
186.2 |
93.2 |
485.7 |
357.8 |
174.4 |
|
Depreciation/Depletion |
186.2 |
93.2 |
485.7 |
357.8 |
174.4 |
|
Amortization of Intangibles |
62.2 |
31.5 |
- |
- |
59.4 |
|
Amortization of Acquisition Costs |
- |
- |
75.7 |
56.7 |
- |
|
Amortization |
62.2 |
31.5 |
75.7 |
56.7 |
59.4 |
|
Unusual Items |
-11.5 |
-0.4 |
15.7 |
-2.9 |
-1.5 |
|
Equity in Net Earnings (Loss) |
-53.4 |
-24.0 |
-94.6 |
-73.1 |
-46.9 |
|
Other Non-Cash Items |
-36.9 |
-35.9 |
81.9 |
54.9 |
-9.3 |
|
Non-Cash Items |
-101.9 |
-60.3 |
3.0 |
-21.1 |
-57.8 |
|
Accounts Receivable |
-20.2 |
-6.6 |
-23.0 |
42.1 |
-9.0 |
|
Inventories |
-109.3 |
-78.1 |
-71.2 |
-66.4 |
-12.3 |
|
Other Assets |
-6.0 |
-3.0 |
- |
- |
-2.7 |
|
Accounts Payable |
-125.2 |
-39.5 |
86.9 |
-47.9 |
-20.7 |
|
Taxes Payable |
0.9 |
-0.3 |
- |
- |
42.0 |
|
Other Liabilities |
-3.0 |
1.0 |
- |
- |
-8.5 |
|
Other Operating Cash Flow |
-112.7 |
-59.4 |
-232.1 |
-198.9 |
-143.1 |
|
Changes in Working Capital |
-375.5 |
-185.9 |
-239.5 |
-271.1 |
-154.3 |
|
Cash from Operating Activities |
-149.8 |
-98.5 |
364.1 |
196.1 |
112.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-218.1 |
-105.5 |
-348.6 |
-216.8 |
-134.4 |
|
Purchase/Acquisition of Intangibles |
-7.7 |
-3.7 |
-4.2 |
-1.1 |
-6.9 |
|
Capital Expenditures |
-225.8 |
-109.3 |
-352.8 |
-217.9 |
-141.2 |
|
Sale of Fixed Assets |
23.4 |
2.2 |
19.9 |
11.1 |
5.8 |
|
Sale/Maturity of Investment |
3.5 |
0.5 |
6.3 |
0.6 |
0.2 |
|
Investment, Net |
5.7 |
1.2 |
- |
- |
39.5 |
|
Purchase of Investments |
-15.8 |
-4.5 |
-18.3 |
-13.7 |
-5.6 |
|
Sale of Intangible Assets |
- |
- |
0.3 |
- |
- |
|
Other Investing Cash Flow |
-34.4 |
-11.2 |
19.7 |
23.3 |
27.8 |
|
Other Investing Cash Flow Items, Total |
-17.5 |
-11.8 |
27.9 |
21.4 |
67.7 |
|
Cash from Investing Activities |
-243.3 |
-121.1 |
-324.9 |
-196.5 |
-73.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-5.7 |
-0.3 |
-17.8 |
-17.8 |
-10.1 |
|
Financing Cash Flow Items |
-5.7 |
-0.3 |
-17.8 |
-17.8 |
-10.1 |
|
Cash Dividends Paid - Common |
-34.0 |
-31.8 |
-82.0 |
-80.6 |
-22.5 |
|
Total Cash Dividends Paid |
-34.0 |
-31.8 |
-82.0 |
-80.6 |
-22.5 |
|
Sale/Issuance of
Common |
0.0 |
- |
469.6 |
463.5 |
452.3 |
|
Repurchase/Retirement
of Common |
- |
- |
-357.6 |
-116.2 |
- |
|
Common Stock, Net |
0.0 |
- |
112.0 |
347.3 |
452.3 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
- |
112.0 |
347.3 |
452.3 |
|
Short Term Debt, Net |
- |
- |
-28.1 |
-35.4 |
- |
|
Long Term Debt Issued |
747.1 |
429.8 |
747.7 |
657.8 |
370.9 |
|
Long Term Debt
Reduction |
-473.5 |
-333.2 |
-852.6 |
-851.2 |
-848.5 |
|
Long Term Debt, Net |
273.6 |
96.6 |
-104.9 |
-193.4 |
-477.6 |
|
Issuance (Retirement) of Debt, Net |
273.6 |
96.6 |
-133.0 |
-228.8 |
-477.6 |
|
Cash from Financing Activities |
233.9 |
64.5 |
-120.9 |
20.1 |
-57.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
- |
- |
-33.5 |
-40.7 |
- |
|
Net Change in Cash |
-159.2 |
-155.1 |
-115.1 |
-21.1 |
-19.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
545.0 |
559.9 |
657.6 |
649.2 |
598.1 |
|
Net Cash - Ending Balance |
385.9 |
404.8 |
542.5 |
628.1 |
579.1 |
|
Cash Interest Paid |
87.0 |
33.8 |
158.3 |
112.5 |
98.6 |
|
Cash Taxes Paid |
36.4 |
29.7 |
103.3 |
80.3 |
53.6 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
Total Revenue |
6,735.9 |
6,330.8 |
7,358.0 |
7,572.8 |
5,828.0 |
|
|
|
|
|
|
|
|
Cost of Sales |
4,912.2 |
4,734.8 |
5,346.8 |
5,200.1 |
4,093.4 |
|
Packing & freight-out costs |
498.3 |
460.5 |
518.7 |
518.8 |
395.1 |
|
Labor Expenses |
493.2 |
497.4 |
553.9 |
543.3 |
441.2 |
|
Provision for doubtful accounts(SGA) |
20.9 |
33.2 |
12.9 |
3.1 |
3.9 |
|
Provision for bonus |
43.1 |
59.7 |
9.5 |
6.9 |
7.1 |
|
Accrued Retirement Expenses |
115.6 |
122.8 |
53.9 |
45.5 |
30.2 |
|
Provision for officers retirement benefi |
- |
- |
0.2 |
0.8 |
1.8 |
|
Other SGA |
485.2 |
607.4 |
843.2 |
847.9 |
651.5 |
|
SP Rev. G on impair. in fixed assets |
-7.9 |
0.0 |
- |
- |
- |
|
SP Rev. G on val loss of affil. sec. |
-11.9 |
0.0 |
- |
- |
- |
|
SP Return-Repair Reserve |
- |
- |
- |
0.0 |
-9.1 |
|
SP Gain from discontinued business |
- |
- |
0.0 |
-4.3 |
-12.9 |
|
SP G on insurance adjustment |
- |
- |
0.0 |
-15.4 |
0.0 |
|
SP G on prior period adjustments |
- |
- |
0.0 |
-18.1 |
0.0 |
|
SP Other Special Gain |
-4.8 |
-27.9 |
-8.1 |
0.0 |
0.0 |
|
SP Impairment Loss |
21.6 |
114.8 |
98.5 |
14.9 |
5.8 |
|
SP Retire-Fixed Assets |
- |
8.3 |
11.0 |
11.5 |
61.1 |
|
SP Val.Loss-Invest.Sec |
- |
0.1 |
13.8 |
4.1 |
2.5 |
|
SP Val.Loss-Affiliates.Sec |
- |
- |
0.0 |
10.6 |
1.2 |
|
SP Changing assistance expenses |
- |
- |
0.0 |
5.4 |
0.0 |
|
SP Prior Serv.Pension |
- |
- |
0.0 |
109.5 |
0.0 |
|
SP Business withdrawal loss |
- |
- |
0.0 |
2.5 |
11.7 |
|
SP Relocation expenses |
- |
- |
- |
0.0 |
0.8 |
|
SP Writeoff-Inventories |
- |
- |
0.0 |
7.4 |
0.0 |
|
SP Loss on disaster |
12.2 |
0.0 |
- |
- |
- |
|
SP Res. for EU antitrust law |
- |
0.0 |
77.4 |
0.0 |
- |
|
SP Business restructuring expense |
40.2 |
49.8 |
153.0 |
0.0 |
- |
|
SP Acquisition Expenses |
- |
- |
- |
0.0 |
89.6 |
|
SP Asbestos Expenses |
- |
- |
- |
- |
0.0 |
|
SP Other Special Loss |
18.1 |
74.6 |
48.7 |
0.0 |
- |
|
Total Operating Expense |
6,635.9 |
6,735.4 |
7,733.3 |
7,294.2 |
5,774.9 |
|
|
|
|
|
|
|
|
NOP Interest Income |
22.0 |
20.8 |
67.5 |
71.0 |
42.1 |
|
NOP Dividend Income |
7.8 |
8.4 |
14.6 |
13.4 |
13.0 |
|
NOP Exchange Gain |
- |
- |
- |
0.0 |
39.2 |
|
NOP Equity Gain |
94.6 |
25.8 |
15.8 |
89.7 |
20.7 |
|
NOP Other Non-Ops.Income |
7.7 |
14.4 |
15.2 |
15.6 |
17.4 |
|
NOP Interest Expense |
-155.1 |
-153.3 |
-198.6 |
-223.1 |
-197.2 |
|
NOP L.Dispo.Inventory |
- |
- |
0.0 |
-9.6 |
-16.4 |
|
NOP Loan Employee Wage |
- |
- |
0.0 |
-5.3 |
-8.9 |
|
NOP Exchange Loss |
-23.0 |
-3.1 |
-27.9 |
-3.9 |
0.0 |
|
NOP Other Non-Ops.Exp. |
-31.3 |
-35.2 |
-27.6 |
-88.0 |
-45.1 |
|
SP Sale Gain-Fixed Asst |
13.2 |
19.5 |
13.3 |
23.4 |
31.6 |
|
SP Sale Gain-Invest.Sec |
0.0 |
44.5 |
76.8 |
117.4 |
383.3 |
|
SP G.Sale Affil.Secs. |
8.6 |
8.3 |
298.8 |
0.1 |
0.4 |
|
SP G on transfer of discont. business |
- |
- |
0.0 |
269.7 |
0.0 |
|
SP Gain on transfer of business |
- |
- |
- |
0.0 |
3.5 |
|
SP L.Sale Fix Asset |
-5.2 |
-1.8 |
-7.1 |
-2.3 |
-1.3 |
|
SP L on sale of inv't secs |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP L.Sale Affil.Secs. |
- |
- |
- |
0.0 |
-9.8 |
|
SP L.Liquid-Affili.Co. |
- |
- |
0.0 |
-0.5 |
0.0 |
|
SP L on sale/val of membership |
- |
- |
0.0 |
-1.4 |
0.0 |
|
Net Income Before Taxes |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-19.6 |
-26.7 |
127.7 |
83.8 |
196.7 |
|
Net Income After Taxes |
58.8 |
-429.7 |
-262.2 |
460.9 |
128.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-39.5 |
-14.8 |
-20.3 |
-19.7 |
-25.3 |
|
Net Income Before Extra. Items |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
Net Income |
19.4 |
-444.5 |
-282.6 |
441.1 |
103.5 |
|
|
|
|
|
|
|
|
Earning Adjustment |
- |
- |
- |
-0.1 |
0.0 |
|
Preferred Dividend |
-18.2 |
-27.2 |
0.0 |
- |
- |
|
Income Available to Com Excl ExtraOrd |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
794.1 |
668.1 |
688.2 |
668.3 |
553.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Basic EPS Including ExtraOrdinary Item |
0.00 |
-0.71 |
-0.41 |
0.66 |
0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.2 |
-471.7 |
-282.6 |
441.1 |
103.4 |
|
Diluted Weighted Average Shares |
794.1 |
668.1 |
688.2 |
711.1 |
596.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
-0.71 |
-0.41 |
0.62 |
0.17 |
|
DPS-Common Stock |
0.07 |
0.06 |
0.06 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
63.2 |
43.1 |
39.9 |
35.1 |
31.6 |
|
Normalized Income Before Taxes |
174.5 |
-173.7 |
338.1 |
474.9 |
529.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.2 |
44.0 |
263.6 |
59.2 |
243.4 |
|
Normalized Income After Taxes |
173.3 |
-217.7 |
74.5 |
415.7 |
286.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
115.6 |
-259.7 |
54.2 |
395.9 |
261.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.59 |
0.47 |
|
Diluted Normalized EPS |
0.15 |
-0.39 |
0.08 |
0.56 |
0.44 |
|
Interest Expense |
155.1 |
153.3 |
198.6 |
223.1 |
197.2 |
|
Amort of goodwill |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
R & D Expenses (SGA+COGS) |
124.8 |
129.9 |
104.8 |
135.7 |
116.8 |
|
Depreciation |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Reported Operating Profit |
167.5 |
-184.9 |
19.0 |
406.5 |
203.7 |
|
Reported Ordinary Profit |
90.2 |
-307.2 |
-122.0 |
266.3 |
68.4 |
|
Service cost |
46.6 |
60.2 |
51.2 |
62.7 |
86.7 |
|
Interest cost |
158.4 |
169.7 |
189.3 |
198.5 |
140.7 |
|
Expected return on plan assets |
-136.1 |
-109.0 |
-169.5 |
-204.9 |
-142.1 |
|
Actuarial gains and losses |
63.4 |
35.3 |
2.5 |
18.6 |
12.3 |
|
Prior Service Cost |
0.0 |
2.4 |
- |
- |
- |
|
Domestic Pension Plan Expense |
132.2 |
158.6 |
73.6 |
74.9 |
97.6 |
|
Defined Contribution Expense |
60.0 |
43.0 |
62.9 |
52.7 |
- |
|
Total Pension Expense |
192.2 |
201.7 |
136.5 |
127.6 |
97.6 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Plan asset expected rate of return |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net Sales |
1,778.8 |
1,720.4 |
1,720.2 |
1,697.3 |
1,608.1 |
|
Total Revenue |
1,778.8 |
1,720.4 |
1,720.2 |
1,697.3 |
1,608.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,309.4 |
1,308.2 |
1,222.3 |
1,236.6 |
1,159.8 |
|
Other Revenue |
-16.7 |
- |
- |
- |
-26.0 |
|
Selling Expense |
165.6 |
- |
- |
- |
144.3 |
|
Gen.&Admin. Expense |
228.4 |
- |
- |
- |
205.5 |
|
Other Expense |
47.8 |
- |
- |
- |
54.9 |
|
Freight-out & storge cost |
- |
115.9 |
140.8 |
126.3 |
- |
|
Labor cost |
- |
126.1 |
120.6 |
122.9 |
- |
|
Provision for bonuses |
- |
9.3 |
12.1 |
14.2 |
- |
|
Periodic retirement benefit costs |
- |
31.1 |
29.5 |
28.2 |
- |
|
Other SGA Expenses |
- |
106.0 |
171.7 |
78.6 |
- |
|
SP Revsal G of impairment loss |
- |
- |
-2.4 |
-5.7 |
- |
|
SP Other Special Gain |
- |
-16.1 |
-0.3 |
-0.8 |
- |
|
SP Retire-Fixed Assets |
- |
- |
1.1 |
1.5 |
- |
|
SP Impairment Loss |
- |
22.7 |
0.0 |
0.0 |
- |
|
SP Business restructuring losses |
- |
22.3 |
3.1 |
14.6 |
- |
|
SP Rev. for L on Holland antitrust law |
- |
- |
3.4 |
- |
- |
|
SP Other Special Loss |
- |
22.8 |
0.6 |
0.5 |
- |
|
Total Operating Expense |
1,734.5 |
1,748.2 |
1,702.6 |
1,616.8 |
1,538.4 |
|
|
|
|
|
|
|
|
NOP Dividend Income |
- |
3.2 |
0.5 |
3.2 |
- |
|
NOP Other Non-Ops.Income |
- |
3.7 |
-0.1 |
3.6 |
- |
|
NOP Interest Expense |
- |
-41.0 |
-37.4 |
-40.3 |
- |
|
NOP Other Non-Ops.Exp. |
- |
-10.6 |
-9.7 |
-10.4 |
- |
|
SP Sale Gain-Fixed Asst. |
- |
4.9 |
2.8 |
0.2 |
- |
|
SP Sale Gain-Invest.Sec |
- |
0.0 |
0.0 |
0.0 |
- |
|
SP G.Sale Affil.Secs. |
- |
9.9 |
0.0 |
0.0 |
- |
|
SP Loss Sale Fixed Assets |
- |
-4.3 |
-0.7 |
-0.3 |
- |
|
SP L.Sale Affil.Secs. |
- |
- |
-1.0 |
- |
- |
|
NOP Interest Income |
5.1 |
7.7 |
5.1 |
3.7 |
5.6 |
|
NOP Exchange Gain |
0.5 |
- |
0.0 |
- |
0.7 |
|
NOP Val. of Fin. Instrumt. at Fair Value |
0.8 |
- |
- |
- |
1.5 |
|
NOP Interest Expense - Bonds & Debt |
-45.1 |
- |
- |
- |
-37.5 |
|
NOP Dividend Paid - Preffered Stock |
-0.8 |
- |
- |
- |
-0.7 |
|
NOP Exchange Loss |
0.0 |
-4.1 |
- |
-9.2 |
-2.1 |
|
NOP Interest Expense - Other |
-0.7 |
- |
- |
- |
-8.4 |
|
NOP Discount Return |
-0.8 |
- |
- |
- |
-0.8 |
|
NOP Pension Plan Expense |
-4.6 |
- |
- |
- |
-4.9 |
|
NOP Equity Gain |
24.0 |
21.4 |
29.7 |
21.8 |
23.5 |
|
Net Income Before Taxes |
22.7 |
-37.0 |
6.8 |
52.9 |
46.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-0.3 |
-36.9 |
-16.6 |
24.4 |
12.5 |
|
Net Income After Taxes |
23.0 |
-0.1 |
23.4 |
28.5 |
34.0 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.5 |
0.0 |
-3.4 |
-30.6 |
-5.1 |
|
Net Income Before Extra. Items |
19.5 |
-0.1 |
20.0 |
-2.1 |
28.9 |
|
Net Income |
19.5 |
-0.1 |
20.0 |
-2.1 |
28.9 |
|
|
|
|
|
|
|
|
Preferred Dividend |
- |
0.9 |
-5.7 |
-5.5 |
- |
|
Earning Adjustment |
- |
0.0 |
- |
- |
- |
|
Income Available to Com Excl ExtraOrd |
19.5 |
0.8 |
14.4 |
-7.5 |
28.9 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
19.5 |
0.8 |
14.4 |
-7.5 |
28.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
902.1 |
879.6 |
902.1 |
726.6 |
668.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.02 |
0.00 |
0.02 |
-0.01 |
0.04 |
|
Basic EPS Including ExtraOrdinary Item |
0.02 |
0.00 |
0.02 |
-0.01 |
0.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Diluted Net Income |
19.5 |
0.8 |
14.4 |
-7.5 |
29.8 |
|
Diluted Weighted Average Shares |
903.9 |
879.6 |
902.1 |
726.6 |
712.1 |
|
Diluted EPS Excluding ExtraOrd Items |
0.02 |
0.00 |
0.02 |
-0.01 |
0.04 |
|
Diluted EPS Including ExtraOrd Items |
0.02 |
0.00 |
0.02 |
-0.01 |
0.04 |
|
DPS-Common Stock |
0.00 |
0.04 |
0.00 |
0.03 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
32.9 |
0.0 |
31.5 |
0.0 |
|
Normalized Income Before Taxes |
22.7 |
33.1 |
29.9 |
81.7 |
46.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-0.3 |
-19.0 |
-15.4 |
29.1 |
12.5 |
|
Normalized Income After Taxes |
23.0 |
52.1 |
45.3 |
52.6 |
34.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
19.5 |
53.0 |
36.2 |
16.5 |
28.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.02 |
0.06 |
0.04 |
0.02 |
0.04 |
|
Diluted Normalized EPS |
0.02 |
0.06 |
0.04 |
0.02 |
0.04 |
|
Interest Expense |
- |
41.0 |
37.4 |
40.3 |
- |
|
Interest Expense - Bonds & Debt |
45.1 |
- |
- |
- |
37.5 |
|
Interest Expense - Other |
0.7 |
- |
- |
- |
8.4 |
|
Depreciation |
93.2 |
128.4 |
123.1 |
118.7 |
86.3 |
|
Amort of intangibles |
31.5 |
- |
- |
- |
29.2 |
|
Amort of goodwill |
- |
19.0 |
19.6 |
18.5 |
- |
|
Reported Operating Profit |
44.3 |
23.9 |
23.2 |
90.6 |
69.6 |
|
Reported Ordinary Profit |
- |
4.2 |
11.3 |
63.2 |
- |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
734.9 |
854.0 |
961.6 |
1,285.3 |
1,362.8 |
|
Note&Acct.Rcvbl. |
1,154.0 |
1,045.4 |
954.7 |
1,462.4 |
1,258.4 |
|
Inventories |
- |
- |
- |
- |
959.2 |
|
Merchandise & finished goods |
665.8 |
600.5 |
702.0 |
690.9 |
- |
|
Inventories - work-in-process |
169.1 |
111.0 |
104.8 |
147.2 |
- |
|
Raw materials & supplies |
381.0 |
345.8 |
345.6 |
362.3 |
- |
|
Deferred Taxes |
12.3 |
6.0 |
9.9 |
74.1 |
26.2 |
|
Other Current |
253.0 |
265.0 |
252.9 |
265.4 |
375.8 |
|
Doubtful Account |
-53.6 |
-44.4 |
-38.6 |
-48.5 |
-37.2 |
|
Total Current Assets |
3,316.4 |
3,183.3 |
3,292.8 |
4,239.0 |
3,945.2 |
|
|
|
|
|
|
|
|
Buildings & Structures |
1,702.6 |
1,510.3 |
1,488.4 |
1,579.9 |
1,321.1 |
|
Accum. depr - bldg&struc |
-983.0 |
-836.7 |
-803.2 |
-769.2 |
- |
|
Machinery & Vehicles |
4,410.6 |
3,828.0 |
3,707.6 |
3,913.4 |
3,174.8 |
|
Accum. depr - machin&vehicles |
-2,562.4 |
-2,136.8 |
-1,912.8 |
-1,729.2 |
- |
|
Tools & Fixtures |
582.6 |
485.1 |
421.2 |
423.9 |
373.8 |
|
Accum. depr - tools, furn, fixtur |
-377.6 |
-307.9 |
-255.1 |
-223.8 |
- |
|
Land |
445.5 |
425.7 |
470.6 |
542.9 |
484.5 |
|
Lease asset, gross |
91.6 |
87.5 |
81.9 |
0.0 |
- |
|
Accum. depr - Lease asset |
-51.1 |
-40.9 |
-31.8 |
0.0 |
- |
|
Constr. in Prog. |
14.5 |
15.9 |
47.5 |
34.3 |
62.5 |
|
Depreciation |
- |
- |
- |
- |
-2,058.0 |
|
Goodwill |
1,299.3 |
1,312.6 |
1,345.4 |
1,820.1 |
1,735.2 |
|
Other Intan.Asst |
1,149.7 |
1,213.4 |
1,288.7 |
1,723.1 |
1,648.2 |
|
Invest. in Secs. |
87.3 |
83.7 |
566.3 |
1,003.3 |
1,074.4 |
|
Equity secs.-nonconsol affil.&sub. |
669.3 |
550.1 |
- |
- |
- |
|
LT Loans |
- |
- |
0.0 |
91.3 |
93.9 |
|
LT Prepaid Exp. |
- |
- |
0.0 |
22.0 |
11.0 |
|
Deferred Taxes |
520.3 |
511.9 |
489.7 |
516.7 |
9.7 |
|
Other Assets |
182.3 |
128.5 |
196.2 |
76.5 |
64.3 |
|
Doubtful Account |
-17.9 |
-21.1 |
-13.5 |
-9.9 |
-7.9 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
10,480.1 |
9,992.7 |
10,379.9 |
13,254.5 |
11,932.9 |
|
|
|
|
|
|
|
|
Note&Acct. Pybl. |
892.0 |
737.4 |
626.7 |
994.2 |
832.4 |
|
ST Borrowings |
180.1 |
274.2 |
238.2 |
933.9 |
908.9 |
|
LT Borrowings, current |
168.1 |
444.5 |
620.2 |
- |
- |
|
Cur.Port.Bond |
301.6 |
107.0 |
0.0 |
100.5 |
0.0 |
|
Lease liabilities, current |
20.4 |
21.2 |
30.8 |
0.0 |
- |
|
Other Pybl. |
- |
- |
0.0 |
228.9 |
148.9 |
|
Income Tax Pybl. |
26.2 |
64.5 |
196.1 |
168.1 |
351.6 |
|
Sales Tax Pybl. |
- |
- |
0.0 |
6.8 |
2.9 |
|
Accrued Exp. |
- |
- |
0.0 |
370.7 |
347.6 |
|
Sec. Depo. |
- |
- |
0.0 |
38.1 |
35.0 |
|
Allow.for Bonus |
62.1 |
57.8 |
24.9 |
25.4 |
21.0 |
|
Bonus to Directors |
0.2 |
0.1 |
0.1 |
1.4 |
0.5 |
|
Res prior.yr retire. pref. |
- |
0.0 |
2.5 |
125.8 |
0.0 |
|
Reserve for EU antitrust law related |
- |
- |
0.0 |
502.3 |
661.6 |
|
Reserve for Dutch antitrust law related |
11.0 |
6.7 |
26.2 |
0.0 |
- |
|
Reserve for products warranties |
61.5 |
77.3 |
50.3 |
73.6 |
0.0 |
|
Reserve for Business restructuring |
26.9 |
37.3 |
110.8 |
0.0 |
- |
|
Reserve for German minority |
4.1 |
3.8 |
32.3 |
0.0 |
- |
|
Provision for loss from disasters |
1.6 |
0.0 |
- |
- |
- |
|
Res.World Show Display |
- |
- |
- |
0.0 |
- |
|
Deferred Taxes |
12.5 |
59.5 |
0.0 |
0.0 |
25.9 |
|
Other Curr.Liab. |
662.3 |
625.1 |
767.6 |
346.4 |
369.7 |
|
Total Current Liabilities |
2,430.6 |
2,516.4 |
2,726.7 |
3,915.9 |
3,706.0 |
|
|
|
|
|
|
|
|
Corporate Bond |
591.2 |
535.1 |
607.5 |
331.5 |
364.2 |
|
LT Debt |
3,189.5 |
2,807.4 |
2,769.6 |
3,219.5 |
3,479.1 |
|
Lease liabilities, non-current |
14.2 |
31.9 |
50.0 |
0.0 |
- |
|
Total Long Term Debt |
3,794.9 |
3,374.4 |
3,427.2 |
3,551.0 |
3,843.3 |
|
|
|
|
|
|
|
|
Res-Acc.Retire |
628.2 |
634.8 |
635.9 |
753.8 |
728.6 |
|
Res-Direc.Retire |
- |
0.0 |
1.9 |
4.4 |
13.2 |
|
Reserve-Repairs |
132.3 |
113.0 |
102.9 |
98.1 |
78.2 |
|
Res. environment program |
73.3 |
79.2 |
66.1 |
72.8 |
65.9 |
|
Asset retirement obligations |
8.0 |
0.0 |
- |
- |
- |
|
Deferred Taxes |
494.7 |
491.4 |
630.5 |
908.4 |
422.4 |
|
Consol.Adjust. |
- |
- |
- |
- |
0.0 |
|
Other LT Liabs. |
180.8 |
215.7 |
184.6 |
212.7 |
105.7 |
|
Minority Int. |
123.3 |
95.7 |
102.1 |
133.7 |
113.1 |
|
Total Liabilities |
7,866.0 |
7,520.7 |
7,877.7 |
9,650.8 |
9,076.5 |
|
|
|
|
|
|
|
|
Common Stock |
1,405.0 |
868.4 |
973.4 |
966.0 |
814.3 |
|
Preferred Stock |
- |
321.1 |
- |
- |
- |
|
Paid-in Capital |
1,515.3 |
1,287.4 |
1,066.0 |
1,057.8 |
891.7 |
|
Retained Earning |
797.9 |
767.3 |
1,196.3 |
1,528.1 |
897.0 |
|
Treasury Stock |
-6.8 |
-6.3 |
-5.9 |
-5.4 |
-3.8 |
|
Unrealized Gains |
8.0 |
8.9 |
23.7 |
92.4 |
219.2 |
|
Deferred hedge gain/loss |
-10.8 |
-53.8 |
-108.9 |
-1.3 |
-25.8 |
|
Translation Adj. |
-1,102.7 |
-728.3 |
-647.4 |
-36.4 |
63.6 |
|
Stock subscription right |
8.2 |
7.3 |
5.0 |
2.5 |
0.2 |
|
Total Equity |
2,614.1 |
2,472.1 |
2,502.2 |
3,603.6 |
2,856.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
10,480.1 |
9,992.8 |
10,379.9 |
13,254.4 |
11,932.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
Total Common Shares Outstanding |
902.1 |
668.1 |
668.2 |
668.3 |
668.4 |
|
T/S-Common Stock |
1.4 |
1.4 |
1.4 |
1.3 |
1.1 |
|
Full-Time Employees |
29,340 |
28,338 |
31,436 |
32,587 |
35,811 |
|
Number of Common Shareholders |
64,386 |
59,035 |
56,458 |
58,209 |
66,588 |
|
LT Debts Maturing within 1yr. |
469.7 |
551.5 |
620.2 |
194.6 |
125.3 |
|
LT Debts Maturing within 2yr. |
1,053.1 |
419.4 |
1,562.4 |
716.1 |
464.3 |
|
LT Debts Maturing within 3yr. |
1,593.9 |
956.8 |
360.1 |
2,179.4 |
694.6 |
|
LT Debts Maturing within 4yr. |
450.2 |
1,317.6 |
650.7 |
270.6 |
2,212.2 |
|
LT Debts Maturing within 5yr. |
548.3 |
409.1 |
504.3 |
231.2 |
199.9 |
|
Remaining |
135.1 |
239.7 |
299.6 |
153.8 |
272.3 |
|
Total Long Term Debt, Supplemental |
4,250.4 |
3,894.0 |
3,997.3 |
3,745.6 |
3,968.7 |
|
Capital Lease Payments due in 1 year |
20.4 |
21.2 |
30.8 |
- |
- |
|
Capital Lease Payments due in 2 years |
6.5 |
18.6 |
20.4 |
- |
- |
|
Capital Lease Payments due in 3 years |
3.8 |
6.1 |
17.2 |
- |
- |
|
Capital Lease Payments due in 4 years |
1.2 |
2.3 |
5.6 |
- |
- |
|
Capital Lease Payments due in 5 years |
1.1 |
1.7 |
1.5 |
- |
- |
|
Capital Lease Remaining Maturities |
1.6 |
3.2 |
5.3 |
- |
- |
|
Total Capital Leases |
34.7 |
53.1 |
80.8 |
- |
- |
|
Pension obligation |
3,558.9 |
3,266.5 |
2,617.1 |
3,946.1 |
3,939.9 |
|
Fair value of plan asset |
2,652.3 |
2,358.6 |
1,815.9 |
3,156.6 |
3,183.5 |
|
Funded status |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Total Funded Status |
-906.7 |
-907.9 |
-801.3 |
-789.4 |
-756.4 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
2.00% |
2.00% |
2.00% |
3.00% |
3.00% |
|
Unrecognized actuarial gains and losses |
278.5 |
273.1 |
165.4 |
35.7 |
2.3 |
|
Prepaid Pension Benefits |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Reserve for Accrued Retirement Benefits |
-628.2 |
-634.8 |
-635.9 |
-753.8 |
-728.6 |
|
Net Assets Recognized on Balance Sheet |
-349.7 |
-361.7 |
-470.5 |
-718.1 |
-726.3 |
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 |
Restated 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 |
|
|
|
|
|
|
|
|
Note&Acct.Receivable |
- |
- |
1,126.9 |
1,160.7 |
1,053.7 |
|
Merchandise and finished goods |
- |
- |
703.4 |
632.4 |
592.8 |
|
Work in process |
- |
- |
122.2 |
122.1 |
118.2 |
|
Raw materials & supplies |
- |
- |
373.1 |
379.8 |
343.7 |
|
Other |
- |
- |
199.5 |
193.7 |
235.8 |
|
Allowance for doubtful accounts |
- |
- |
-45.2 |
-45.9 |
-42.3 |
|
Inventories |
1,301.0 |
1,210.7 |
- |
- |
- |
|
Construction-in-Process |
10.8 |
7.6 |
- |
- |
- |
|
Accounts & Other Receivable |
1,376.0 |
1,335.5 |
- |
- |
- |
|
Financial Assets-Available for Sale - C. |
2.7 |
2.8 |
- |
- |
- |
|
Derivative Financial Assets - Current |
38.7 |
36.6 |
- |
- |
- |
|
Cash and Deposits |
543.9 |
734.9 |
784.0 |
731.7 |
553.9 |
|
Total Current Assets |
3,273.1 |
3,328.1 |
3,263.8 |
3,174.4 |
2,855.8 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
- |
- |
1,712.1 |
1,674.4 |
1,570.9 |
|
Accum. depr - bldg&struc |
- |
- |
-988.4 |
-951.8 |
-891.6 |
|
Machineries, equip., & vehicle, gross |
- |
- |
4,239.0 |
4,146.7 |
3,856.0 |
|
Accum. depr - machin&vehicles |
- |
- |
-2,498.7 |
-2,419.2 |
-2,226.4 |
|
Tools, furniture, & fixtures, gross |
- |
- |
558.0 |
542.9 |
496.3 |
|
Accum. depr - tools, furn, fixtur |
- |
- |
-369.5 |
-352.7 |
-321.9 |
|
Land |
- |
- |
446.1 |
454.7 |
422.7 |
|
Lease assets, gross |
- |
- |
109.6 |
94.8 |
89.7 |
|
Accumulated depreciation |
- |
- |
-66.4 |
-49.6 |
-45.3 |
|
Construction in progress |
- |
- |
17.7 |
13.7 |
12.6 |
|
Other Intangible Assets |
- |
- |
1,144.5 |
1,181.4 |
1,122.5 |
|
Investment Security |
- |
- |
700.0 |
657.3 |
619.7 |
|
Other |
- |
- |
710.9 |
702.5 |
662.7 |
|
Allowance for doubtful accounts |
- |
- |
-21.6 |
-22.1 |
-20.5 |
|
Goodwill |
1,385.5 |
1,380.7 |
1,256.8 |
1,288.9 |
1,203.6 |
|
Intang.Assets |
1,217.5 |
1,231.0 |
- |
- |
- |
|
PPE, Net |
3,296.4 |
3,284.0 |
- |
- |
- |
|
Investment - Real Estate |
11.2 |
11.0 |
- |
- |
- |
|
Investment - Equity Method |
631.5 |
596.3 |
- |
- |
- |
|
Accounts & Other Receivable |
145.0 |
148.3 |
- |
- |
- |
|
Financial Assets-Available for Sale |
112.6 |
110.6 |
- |
- |
- |
|
Derivative Financial Assets - Non-curr. |
19.1 |
25.5 |
- |
- |
- |
|
Deferred Tax Assets |
602.4 |
605.2 |
- |
- |
- |
|
Assets Held for Sale |
12.1 |
10.8 |
- |
- |
- |
|
Total Assets |
10,706.4 |
10,731.4 |
10,213.7 |
10,136.4 |
9,406.8 |
|
|
|
|
|
|
|
|
Note&Acct. Payable |
- |
- |
709.3 |
728.6 |
644.3 |
|
ST Borrowings |
- |
- |
118.4 |
131.6 |
140.1 |
|
LT Borrowings, current |
- |
- |
119.6 |
116.2 |
130.3 |
|
Cur.Redempt..Bond |
- |
- |
283.6 |
275.3 |
372.9 |
|
Lease obligations |
- |
- |
22.7 |
25.1 |
26.0 |
|
Income Tax Payable |
- |
- |
54.1 |
85.3 |
57.8 |
|
Reserve |
- |
- |
133.0 |
166.3 |
146.4 |
|
Other |
- |
- |
637.2 |
660.7 |
690.5 |
|
Bonds & Debt - Current |
534.7 |
680.2 |
- |
- |
- |
|
Derivative Financial Liabilities |
30.7 |
26.6 |
- |
- |
- |
|
Accounts & Other Payable |
1,449.9 |
1,482.5 |
- |
- |
- |
|
Reserve |
159.1 |
249.7 |
- |
- |
- |
|
Deferred Income |
36.9 |
31.6 |
- |
- |
- |
|
Total Current Liabilities |
2,211.4 |
2,470.5 |
2,077.9 |
2,189.1 |
2,208.3 |
|
|
|
|
|
|
|
|
Bonds payable |
- |
- |
628.8 |
323.2 |
305.1 |
|
Long-term Debt |
- |
- |
3,120.4 |
3,071.0 |
3,116.5 |
|
Lease payable |
- |
- |
18.7 |
22.1 |
24.2 |
|
Bonds & Debt - LT |
4,119.3 |
3,845.1 |
- |
- |
- |
|
Total Long Term Debt |
4,119.3 |
3,845.1 |
3,768.0 |
3,416.3 |
3,445.8 |
|
|
|
|
|
|
|
|
Reserve-Repairs |
- |
- |
133.9 |
128.8 |
120.5 |
|
Other Reserves |
- |
- |
80.4 |
73.2 |
71.7 |
|
Other |
- |
- |
721.8 |
733.1 |
687.0 |
|
Derivative Financial Liabilities - LT |
18.3 |
23.2 |
- |
- |
- |
|
Accounts & Other Payable - LT |
13.1 |
43.3 |
- |
- |
- |
|
Deferred Tax Liab. |
537.2 |
542.0 |
- |
- |
- |
|
Res-Accr.Retire Bft. |
810.8 |
855.4 |
612.7 |
627.9 |
596.3 |
|
Reserves |
221.6 |
155.6 |
- |
- |
- |
|
Deferred Income - LT |
58.6 |
62.5 |
- |
- |
- |
|
Minority Interest |
128.4 |
124.8 |
129.0 |
125.6 |
94.6 |
|
Total Liabilities |
8,118.8 |
8,122.4 |
7,523.6 |
7,294.0 |
7,224.2 |
|
|
|
|
|
|
|
|
Common Stock |
1,441.9 |
1,405.0 |
1,311.3 |
1,393.9 |
917.0 |
|
Preferred Stock |
- |
- |
249.1 |
- |
339.0 |
|
Paid-in Capital |
1,578.9 |
1,538.5 |
1,669.6 |
1,862.5 |
1,359.4 |
|
Retained Earning |
772.2 |
765.9 |
823.0 |
822.9 |
778.9 |
|
Retained Earning-Trans. to IFRS Trans. A |
-842.6 |
-821.0 |
- |
- |
- |
|
Other |
-362.7 |
-279.4 |
- |
- |
- |
|
Treasury Stock |
- |
- |
-7.3 |
-7.0 |
-6.6 |
|
Unrealized Gains |
- |
- |
9.7 |
8.2 |
7.2 |
|
Deferred hedge gain/loss |
- |
- |
-41.2 |
-57.6 |
-55.1 |
|
Translation Adj. |
- |
- |
-1,332.9 |
-1,189.3 |
-1,164.9 |
|
New Stock Subscription Right |
- |
- |
9.0 |
8.7 |
7.6 |
|
Total Equity |
2,587.6 |
2,609.0 |
2,690.2 |
2,842.4 |
2,182.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
10,706.4 |
10,731.4 |
10,213.7 |
10,136.4 |
9,406.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
902.1 |
902.1 |
902.1 |
902.1 |
668.1 |
|
Total Common Shares Outstanding |
902.1 |
902.1 |
902.1 |
902.1 |
668.1 |
|
T/S-Common Stock |
1.4 |
1.4 |
1.5 |
1.4 |
1.4 |
|
S/O-Preferred Stock |
- |
- |
2.0 |
3.0 |
3.0 |
|
Total Preferred Shares Outstanding |
- |
- |
2.0 |
3.0 |
3.0 |
|
T/S-Preferred Stock |
- |
- |
0.0 |
0.0 |
0.0 |
|
Full-Time Employees |
- |
- |
29,258 |
29,214 |
29,169 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Shin Nihon &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
39.2 |
-456.4 |
-134.5 |
544.7 |
325.4 |
|
Depreciation |
485.7 |
533.2 |
574.9 |
556.6 |
439.1 |
|
Amortization of goodwill |
75.7 |
80.7 |
84.5 |
90.4 |
71.1 |
|
Impairment Loss |
21.6 |
114.8 |
98.5 |
14.9 |
5.8 |
|
Allow.Doubt.Acct. |
0.4 |
9.4 |
-2.0 |
-2.1 |
8.4 |
|
Allowance for Bonuses |
- |
- |
0.0 |
1.1 |
- |
|
Res-Accr.Retire Bft. |
-36.9 |
-14.4 |
-166.0 |
52.9 |
-50.7 |
|
Reserve for repair |
4.7 |
4.3 |
3.9 |
4.6 |
-3.8 |
|
Reserve for EU antitrust law |
- |
0.0 |
-432.4 |
0.0 |
- |
|
Reserve for German minority |
-0.2 |
-30.5 |
39.5 |
0.0 |
- |
|
Reserve for Dutch antitrust law related |
3.3 |
-21.1 |
32.0 |
0.0 |
- |
|
Reserve for Business restructuring |
-14.6 |
-80.2 |
132.3 |
0.0 |
- |
|
Provision for loss on disaster |
1.6 |
0.0 |
- |
- |
- |
|
Fx Asset Sold&Retire |
-1.8 |
-9.4 |
4.8 |
-9.8 |
31.1 |
|
G/L.Sale Inv.Secs. |
0.3 |
-44.5 |
-76.3 |
-117.4 |
-383.3 |
|
G/L on val. LT inv't in secs. |
- |
0.1 |
13.8 |
0.0 |
- |
|
G on transfer of discont. business |
- |
- |
0.0 |
-269.7 |
0.0 |
|
Invest Sec. Revalu. |
- |
- |
- |
14.7 |
3.7 |
|
G/L on sale of affiliate's sec. |
-6.0 |
11.7 |
-298.8 |
-0.1 |
9.4 |
|
Equity Methods |
-94.6 |
-25.8 |
-15.8 |
-89.7 |
-20.7 |
|
Interest&Div. Income |
-29.9 |
-29.1 |
-82.2 |
-84.4 |
-55.1 |
|
Interest Expense |
155.1 |
164.2 |
198.6 |
223.1 |
197.2 |
|
Note&Acct. Rcvbl. |
-23.0 |
-136.6 |
370.9 |
-35.2 |
53.1 |
|
Inventories |
-71.2 |
138.2 |
-99.2 |
-81.0 |
24.1 |
|
Note&Acct. Payable |
86.9 |
7.9 |
-301.4 |
86.4 |
41.2 |
|
Other |
-46.6 |
101.5 |
-67.9 |
-46.5 |
96.3 |
|
Interest&Div. Rcvd. |
76.2 |
62.4 |
108.1 |
113.1 |
84.9 |
|
Interest Paid |
-158.3 |
-210.1 |
-194.2 |
-237.1 |
-164.8 |
|
Income Taxes Paid |
-103.3 |
-200.1 |
-115.6 |
-297.2 |
-67.8 |
|
Newly Consolidated subs |
- |
- |
- |
0.0 |
0.5 |
|
Unconsolidated |
- |
- |
- |
- |
0.0 |
|
Increase due to consol. |
- |
0.0 |
21.7 |
0.8 |
0.0 |
|
Dec. due to money |
- |
- |
0.0 |
-338.7 |
0.0 |
|
Cash from Operating Activities |
364.1 |
-29.8 |
-302.7 |
94.3 |
645.1 |
|
|
|
|
|
|
|
|
Time Deposit Made |
0.0 |
-3.9 |
-2.0 |
-11.4 |
-44.3 |
|
Time Deposit Matured |
4.2 |
4.9 |
9.9 |
9.7 |
44.8 |
|
Purchase Inv. Secs. |
-0.1 |
-0.2 |
-6.7 |
-0.4 |
-40.3 |
|
Sale Inv. Secs. |
0.4 |
82.5 |
96.6 |
135.3 |
467.1 |
|
Purch Affil.Secs. |
-18.1 |
-75.5 |
-25.5 |
-63.3 |
-20.9 |
|
Sale Affil.Secs. |
1.8 |
155.5 |
424.3 |
0.4 |
68.0 |
|
Purchase of consolidated subs. securitie |
- |
- |
- |
0.0 |
-2,689.9 |
|
G on transfer of discont. business |
- |
- |
0.0 |
578.3 |
0.0 |
|
Capital Expenditures |
-348.6 |
-169.4 |
-424.3 |
-354.7 |
-374.0 |
|
Sale Prop.&Eqp. |
19.9 |
31.4 |
37.0 |
33.5 |
109.3 |
|
Purch-Intang. Assets |
-4.2 |
-10.9 |
-4.7 |
-53.3 |
-48.0 |
|
Sale of intangible assets |
0.3 |
0.0 |
- |
- |
- |
|
ST Loan, Net |
0.5 |
-22.1 |
-66.9 |
-20.2 |
17.5 |
|
LT Loan Extended |
-6.6 |
-115.3 |
-1.1 |
-4.7 |
-13.4 |
|
LT Loans collected |
25.9 |
59.6 |
4.7 |
- |
- |
|
Other |
0.0 |
0.0 |
-15.6 |
8.6 |
-21.0 |
|
Cash from Investing Activities |
-324.9 |
-63.4 |
25.8 |
257.8 |
-2,545.2 |
|
|
|
|
|
|
|
|
ST Borrowings |
-28.1 |
4.7 |
-227.9 |
12.1 |
-21.2 |
|
LT Debt Proceeds |
469.3 |
1,558.5 |
976.9 |
220.3 |
2,511.2 |
|
LT Debt Payments |
-710.9 |
-1,894.0 |
-655.4 |
-910.5 |
-829.9 |
|
Repayment of finance lease |
-25.0 |
-33.2 |
-38.3 |
0.0 |
- |
|
Issue Bond |
278.4 |
0.0 |
267.0 |
0.0 |
0.0 |
|
Redemption of Bonds |
-116.7 |
0.0 |
-99.5 |
0.0 |
0.0 |
|
Stocks issued |
469.6 |
322.8 |
0.0 |
- |
- |
|
Treasury stock purchased |
-357.6 |
0.0 |
- |
- |
- |
|
Dividends Paid |
-82.0 |
-55.4 |
-39.9 |
-35.2 |
-25.9 |
|
Dividends paid to minority shareholders |
-17.8 |
-9.3 |
-24.5 |
-17.4 |
-8.0 |
|
Other |
0.0 |
-13.8 |
-0.7 |
-0.8 |
-1.0 |
|
Cash from Financing Activities |
-120.9 |
-119.7 |
157.6 |
-731.5 |
1,625.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-33.5 |
1.9 |
-156.3 |
-114.6 |
108.9 |
|
Net Change in Cash |
-115.1 |
-210.9 |
-275.6 |
-494.0 |
-165.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
657.6 |
813.4 |
1,028.0 |
1,397.7 |
1,532.0 |
|
Net Cash - Ending Balance |
542.5 |
602.5 |
752.3 |
903.7 |
1,366.1 |
|
Cash Interest Paid |
158.3 |
210.1 |
194.2 |
237.1 |
164.8 |
|
Cash Taxes Paid |
103.3 |
200.1 |
115.6 |
297.2 |
67.8 |
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 |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
|
|
|
|
|
|
|
|
Net Income Before Tax |
23.0 |
39.2 |
73.7 |
65.6 |
34.0 |
|
Depreciation |
93.2 |
485.7 |
357.8 |
234.9 |
86.3 |
|
Amort of Intangible |
31.5 |
- |
- |
- |
29.2 |
|
Amortization of goodwill |
- |
75.7 |
56.7 |
37.2 |
- |
|
Impairment Loss |
0.0 |
21.6 |
0.0 |
0.0 |
0.0 |
|
Doubtful Accounts |
- |
0.4 |
-3.4 |
-1.4 |
- |
|
Res-Accr.Retire Bft. |
- |
-36.9 |
-40.2 |
-23.7 |
- |
|
Reserve for repair |
- |
4.7 |
3.5 |
2.3 |
- |
|
Reserve for German minority |
- |
-0.2 |
- |
- |
- |
|
Reserve for Dutch antitrust law related |
- |
3.3 |
- |
- |
- |
|
Reserve for Business restructuring |
- |
-14.6 |
- |
- |
- |
|
Provision for loss on disaster |
- |
1.6 |
- |
- |
- |
|
Interest Expense |
- |
155.1 |
114.3 |
76.8 |
- |
|
Sale G&L-Invest.Sec |
- |
0.3 |
- |
- |
- |
|
G/L Val./Sale Inv. Sec. |
- |
- |
0.3 |
0.0 |
- |
|
G/L on sale of affiliate's sec. |
- |
-6.0 |
0.9 |
0.0 |
- |
|
Interest&Div. Income |
- |
-29.9 |
-19.2 |
-13.5 |
- |
|
Note&Acct.Receivable |
- |
-23.0 |
42.1 |
-17.7 |
- |
|
Note&Acct. Payable |
- |
86.9 |
-47.9 |
-14.2 |
- |
|
Others operating activities |
- |
-46.6 |
-67.3 |
-39.3 |
- |
|
Interest&Div. Rcvd. |
- |
76.2 |
61.2 |
54.9 |
- |
|
Corporate Income Taxes |
-0.3 |
- |
- |
- |
12.5 |
|
Fixed Assets Sold&Retired |
-0.4 |
-1.8 |
-4.2 |
-3.1 |
-4.5 |
|
Deferred Income - G/L |
1.0 |
- |
- |
- |
-2.9 |
|
Financial Income |
-6.4 |
- |
- |
- |
-7.8 |
|
Financial Expense |
52.0 |
- |
- |
- |
54.4 |
|
Equity gains/losses |
-24.0 |
-94.6 |
-73.1 |
-43.7 |
-23.5 |
|
Other |
-4.0 |
- |
- |
- |
-9.0 |
|
Reserve & Reserve for Retire. Benefit |
-77.5 |
- |
- |
- |
-66.2 |
|
Inventories |
-78.1 |
-71.2 |
-66.4 |
-15.3 |
-0.8 |
|
(Inc) Dec Construc.-in-Progress |
-3.0 |
- |
- |
- |
-3.4 |
|
Accounts & Other Receivable |
-6.6 |
- |
- |
- |
-15.9 |
|
Accounts & Other Payable |
-39.5 |
- |
- |
- |
-23.0 |
|
Interest Paid |
-33.8 |
-158.3 |
-112.5 |
-80.4 |
-51.8 |
|
Interest Rcvd. |
4.2 |
- |
- |
- |
2.6 |
|
Income Taxes Paid |
-29.7 |
-103.3 |
-80.3 |
-53.6 |
-37.2 |
|
Cash from Operating Activities |
-98.5 |
364.1 |
196.1 |
165.7 |
-27.0 |
|
|
|
|
|
|
|
|
Time Deposit Made |
- |
0.0 |
- |
- |
- |
|
Time Deposit Matured |
- |
4.2 |
- |
- |
- |
|
Purch-Invest.Sec |
- |
-0.1 |
-0.1 |
0.0 |
- |
|
Sale-Invest.Sec |
- |
0.4 |
0.3 |
0.2 |
- |
|
Sale Affil.Secs. |
- |
1.8 |
0.4 |
0.0 |
- |
|
Sales of intangible assets |
- |
0.3 |
- |
- |
- |
|
ST Loan, Net |
- |
0.5 |
0.3 |
0.1 |
- |
|
LT Loan Extended |
- |
-6.6 |
-5.8 |
-4.2 |
- |
|
LT Loan Collected |
- |
25.9 |
24.7 |
23.7 |
- |
|
Other |
- |
0.0 |
4.1 |
4.1 |
- |
|
Dividend Rcvd - under Euity Mthod |
1.2 |
- |
- |
- |
24.5 |
|
Purch Affil.Secs. |
-4.5 |
-18.1 |
-13.6 |
-10.8 |
-3.0 |
|
Purchase of subs.' securities |
0.0 |
- |
- |
- |
-5.5 |
|
Capital Expenditures |
-105.5 |
-348.6 |
-216.8 |
-134.4 |
-69.6 |
|
Sale-PP&E |
2.2 |
19.9 |
11.1 |
5.8 |
5.3 |
|
Purch-Intang.Assets |
-3.7 |
-4.2 |
-1.1 |
-0.7 |
-3.6 |
|
Fin.Assets-Available for Sale - Puchase |
0.0 |
- |
- |
- |
0.0 |
|
Fin. Assets-Available for Sale - Sale |
0.5 |
- |
- |
- |
0.0 |
|
Loans, Net |
-12.7 |
- |
- |
- |
21.6 |
|
Other |
1.5 |
- |
- |
- |
7.9 |
|
Cash from Investing Activities |
-121.1 |
-324.9 |
-196.5 |
-116.1 |
-22.3 |
|
|
|
|
|
|
|
|
ST Borrowing, Net |
- |
-28.1 |
-35.4 |
-25.3 |
- |
|
LT Debt Proceeds |
- |
469.3 |
383.0 |
370.9 |
- |
|
LT Debt Payments |
- |
-710.9 |
-717.5 |
-695.7 |
- |
|
Repayment of finance lease |
- |
-25.0 |
-18.5 |
-11.5 |
- |
|
Corporate Bond Issuance |
- |
278.4 |
274.9 |
- |
- |
|
Redemption of Bonds |
- |
-116.7 |
-115.2 |
-112.4 |
- |
|
Stocks issued |
- |
469.6 |
463.5 |
452.2 |
- |
|
Purchase of treasury stock |
- |
-357.6 |
-116.2 |
- |
- |
|
Dividends Paid |
-31.8 |
-82.0 |
-80.6 |
-38.1 |
-20.7 |
|
Dividends paid to minority shareholders |
-0.3 |
-17.8 |
-17.8 |
-12.7 |
-5.2 |
|
Bonds Redemption & Repayment of Debt |
-333.2 |
- |
- |
- |
-368.6 |
|
Bonds Issuance & Debt Proceeds |
429.8 |
- |
- |
- |
281.3 |
|
Others |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Cash from Financing Activities |
64.5 |
-120.9 |
20.1 |
-72.7 |
-113.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
- |
-33.5 |
-40.7 |
-31.3 |
- |
|
Net Change in Cash |
-155.1 |
-115.1 |
-21.1 |
-54.5 |
-162.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
559.9 |
657.6 |
649.2 |
633.5 |
579.4 |
|
Net Cash - Ending Balance |
404.8 |
542.5 |
628.1 |
579.1 |
416.7 |
|
Cash Interest Paid |
33.8 |
158.3 |
112.5 |
80.4 |
51.8 |
|
Cash Taxes Paid |
29.7 |
103.3 |
80.3 |
53.6 |
37.2 |
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)
|
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.