MIRA INFORM REPORT
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Report Date : |
25.11.2011 |
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Tel. No.: |
0081 3 3567 1801 |
IDENTIFICATION DETAILS
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Name : |
MATSUYA CO., LTD. |
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Registered Office : |
3-6-1 Ginza, Chuo-Ku, 104-8130 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
01.03.1919 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Department Stores |
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No. of Employees
: |
945 Persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
MATSUYA CO., LTD.
3-6-1 Ginza
Chuo-Ku, 104-8130
Japan
Tel: 81-3-35671211
Fax: 81 (3) 5550-9639
Web: www.matsuya.com
synthesis
Employees: 945
Company Type: Public Parent
Corporate Family: 5
Companies
Traded: Tokyo Stock Exchange: 8237
Incorporation Date:
01-Mar-1919
Auditor: Ernst & Young LLP
Financials in: USD
(Millions)
Fiscal Year End:
28-Feb-2011
Reporting Currency: Japanese
Yen
Annual Sales: 903.2 1
Net Income: 15.3
Total Assets: 567.7 2
Market Value: 303.5
(11-Nov-2011)
Business Description
MATSUYA CO., LTD.
is a Japan-based company primarily engaged in the operation of departments. The
Company operates through five business segments. The Department segment is
engaged in the operation of departments. The Restaurant segment operates
restaurant and wedding halls. The Building Service and Advertisement segment is
engaged in the security, cleaning, maintenance, construction and interior
decoration, as well as the advertisement business. The Imported Product
Wholesale segment is involved in the wholesale of imported products. The Others
segment is engaged in the provision of marketing information; the supply of
office and stationery products; the leasing of office automation (OA)
machinery; the insurance agency business; the box-shifter business; the product
inspection business, as well as the real estate leasing business. For the six
months ended 31 August 2011, MATSUYA CO.,LTD.'s revenues decreased 14% to
Y33.23B. The Company's net income totaled Y3.56B, up from Y525M. Revenues
reflect lower sales from department store, restaurant, and building management
segments. Net income benefited from the presence of gain on sale of fixed
assets and the gain on transfer of business, as well as the significantly
decreased interest expenses.
Industry
Industry Retail (Department and Discount)
ANZSIC 2006: 4260 - Department
Stores
NACE 2002: 5212 - Other
retail sale in non-specialised stores
NAICS 2002: 45211 - Department
Stores
UK SIC 2003: 5212 - Other
retail sale in non-specialised stores
US SIC 1987: 5311 - Department
Stores
Key Executives
|
Name |
Title |
|
Masaki Akita |
Executive President, Representative Director |
|
Eiji Homma |
Managing Executive Officer, Chief Director of Sales, Director |
|
Kazunori Morita |
Executive Officer, Director of Human Resources |
|
Yasuhiro Kobayashi |
Executive Officer |
|
Toru Kanehisa |
Senior Managing Executive Officer-Finance & Accounting |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Divestitures / Spin-offs |
2 |
MATSUYA CO., LTD. to Sell Property |
11-Apr-2011 |
|
General Reorganization |
1 |
MATSUYA CO., LTD. to Dissolve Subsidiary |
21-Nov-2011 |
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Other Pre-Announcement |
1 |
MATSUYA CO., LTD. Expects Extraordinary Loss for Q1 of FY 2012; Issues
Consolidated Mid-year and Full-year Guidance for FY 2012 |
14-Jul-2011 |
|
Positive Earnings Pre-Announcement |
1 |
MATSUYA CO., LTD. Amends Consolidated Mid-year and Full-year Guidance
for FY 2012; to Sell Property; Expects Extraordinary Profit and Loss for Q2
of FY 2012; Announces Early-retirement Program Result |
22-Aug-2011 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Fresh
Competition Set To Revitalize Ginza District |
26-Oct-2011 |
|
Kyodo news
summary -9- |
19-Oct-2011 |
|
Mitsukoshi,
Matsuya department stores start 1st joint fashion campaign |
19-Oct-2011 |
|
Matsuya
Expects This FY Group Net Profit Y4.20B |
13-Oct-2011 |
|
Matsuya 1H
Grp Net Loss Y98.00M Vs Y143.00M Pft Yr Earlier |
7-Oct-2011 |
Financial Summary
As of 31-Aug-2011
Key Ratios Company Industry
Current Ratio (MRQ) 0.47 1.16
Quick Ratio (MRQ) 0.34 0.31
Debt to Equity (MRQ) 1.42 0.77
Sales 5 Year Growth -3.79 7.37
Net Profit Margin (TTM) % 5.90 3.87
Return on Assets (TTM) % 9.49 8.19
Return on Equity (TTM) % 44.79 21.01
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Stock Snapshot |
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 86.45721
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 81.93
Corporate Overview
Location
3-6-1 Ginza
Chuo-Ku, 104-8130
Japan
Tel: 81-3-35671211
Fax: 81 (3) 5550-9639
Web www.matsuya.com
Quote Symbol - Exchange
8237 - Tokyo Stock
Exchange
Sales JPY(mil): 78,091.0
Assets JPY(mil): 46,508.0
Employees: 945
Fiscal Year End: 28-Feb-2011
Industry: Retail (Department and Discount)
Incorporation Date: 01-Mar-1919
Company Type: Public Parent
Quoted Status: Quoted
Executive President,
Representative Director: Masaki
Akita
Company Web Links
Home Page
Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
451 - Cafes, Restaurants and Takeaway Food Services
7311 - Building and Other Industrial Cleaning Services
7712 - Investigation and Security Services
6639 - Other Goods and Equipment Rental and Hiring Not Elsewhere
Classified
4260 - Department Stores
6420 - Auxiliary Insurance Services
NACE 2002 Codes:
7134 - Renting of other machinery and equipment not elsewhere
classified
5212 - Other retail sale in non-specialised stores
7470 - Industrial cleaning
6720 - Activities auxiliary to insurance and pension funding
7460 - Investigation and security activities
5530 - Restaurants
NAICS 2002 Codes:
722211 - Limited-Service Restaurants
45211 - Department Stores
524210 - Insurance Agencies and Brokerages
532490 - Other Commercial and Industrial Machinery and Equipment
Rental and Leasing
561720 - Janitorial Services
561621 - Security Systems Services (except Locksmiths)
US SIC 1987:
5812 - Eating Places
7359 - Equipment Rental and Leasing, Not Elsewhere Classified
7382 - Security Systems Services
7349 - Building Cleaning and Maintenance Services, Not Elsewhere
Classified
5311 - Department Stores
6411 - Insurance Agents, Brokers, and Service
UK SIC 2003:
6720 - Activities auxiliary to insurance and pension funding
7134 - Renting of other machinery and equipment not elsewhere
classified
74602 - Security and related activities
5530 - Restaurants
5212 - Other retail sale in non-specialised stores
7470 - Industrial cleaning
Business
Description
MATSUYA CO., LTD.
is a Japan-based company primarily engaged in the operation of departments. The
Company operates through five business segments. The Department segment is
engaged in the operation of departments. The Restaurant segment operates
restaurant and wedding halls. The Building Service and Advertisement segment is
engaged in the security, cleaning, maintenance, construction and interior
decoration, as well as the advertisement business. The Imported Product
Wholesale segment is involved in the wholesale of imported products. The Others
segment is engaged in the provision of marketing information; the supply of
office and stationery products; the leasing of office automation (OA)
machinery; the insurance agency business; the box-shifter business; the product
inspection business, as well as the real estate leasing business. For the six
months ended 31 August 2011, MATSUYA CO.,LTD.'s revenues decreased 14% to
Y33.23B. The Company's net income totaled Y3.56B, up from Y525M. Revenues
reflect lower sales from department store, restaurant, and building management
segments. Net income benefited from the presence of gain on sale of fixed
assets and the gain on transfer of business, as well as the significantly
decreased interest expenses.
More Business
Descriptions
Department stores
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Corporate Family |
Corporate Structure News: |
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Total Corporate Family Members: 5 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Chuo-Ku |
Japan |
Retail (Department and Discount) |
903.2 |
945 |
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Branch |
Tokyo |
Japan |
Retail (Apparel) |
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300 |
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Subsidiary |
Tokyo |
Japan |
Retail (Apparel) |
5,519.4 |
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Subsidiary |
Tokyo |
Japan |
Business Services |
232.3 |
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Subsidiary |
Tokyo |
Japan |
Personal Services |
1.0 |
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Executive report
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Board of Directors |
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Chairman |
Chairman |
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Executive President, Representative Director |
Director/Board Member |
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Executive Officer, Director of 1st Women Business of Main Store,
Director of Structural Reform and Promotion Committee, Director |
Director/Board Member |
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Managing Executive Officer, Chief Director of Sales, Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Managing Executive Officer, Manager of Business Planning Office,
President of Subsidiary, Representative Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executive Officer, Manager of Main Store, Director |
Director/Board Member |
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Executives |
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Executive President, Representative Director |
President |
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Senior Managing Executive Officer-Finance & Accounting |
Managing Director |
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Managing Executive Officer-Sales |
Managing Director |
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Executive Officer |
Operations Executive |
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Auditor |
Finance Executive |
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Executive Officer, Director of Human Resources |
Human Resources Executive |
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Managing Executive Officer, Chief Director of Sales, Director |
Sales Executive |
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Executive Officer-Promotion |
Marketing Executive |
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Manager-Corporate Communications |
Corporate Communications Executive |
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Executive Officer |
Other |
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Managing Executive Officer |
Other |
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Managing Executive Officer, Manager of Business Strategy Office |
Other |
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Managing Executive Officer, Manager of MD Strategy Office |
Other |
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Executive Officer, Director of Business Planning |
Other |
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Executive Officer |
Other |
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Significant Developments
MATSUYA CO., LTD. to Dissolve Subsidiary Nov 21, 2011
MATSUYA CO., LTD. announced that it has decided to dissolve its Tokyo-based subsidiary, which engages in the wholesale of exported products, effective November 30, 2011. The liquidation of the subsidiary will be completed after March 2012.
MATSUYA CO., LTD. Amends Consolidated Mid-year and Full-year Guidance for FY 2012; to Sell Property; Expects Extraordinary Profit and Loss for Q2 of FY 2012; Announces Early-retirement Program Result Aug 22, 2011
MATSUYA CO., LTD. announced that it has reaffirmed the consolidated mid-year guidance for revenue of JPY 33,000 million, operating profit of JPY 0 million, ordinary profit of JPY 0 million and raised the guidance for net profit from JPY 1,100 million to JPY 3,500 million and earning per share from JPY 20.75 to JPY 66.03 for the fiscal year ending February 29, 2012. The Company has reaffirmed the consolidated full-year guidance for revenue of JPY 71,000 million, operating profit of JPY 800 million, ordinary profit of JPY 700 million and raised the guidance for net profit from JPY 1,800 million to JPY 4,200 million and earning per share from JPY 33.96 to JPY 79.24 for the fiscal year ending February 29, 2012. The Company has decided to sell a property to Japan Prime Realty Investment Corp for JPY 3,400 million on August 29, 2011. The Company expects JPY 2,622 million extraordinary profit on sale of property for the second quarter of the fiscal year ending February 29, 2011. The Company announced that 51 employees of its subsidiary have taken up the offer of an early-retirement program. The retirement date is September 30, 2011. The Company expects JPY 310 million extraordinary loss on the payment of special retirement for the second quarter of the fiscal year ending February 29, 2012.
MATSUYA CO., LTD. Expects Extraordinary Loss for Q1 of FY 2012; Issues Consolidated Mid-year and Full-year Guidance for FY 2012 Jul 14, 2011
MATSUYA CO., LTD. announced that it expects JPY 314 million extraordinary loss on adjustment for changes of accounting standard for asset retirement obligations for the first quarter of the fiscal year ending February 2012. The Company has issued the consolidated mid-year guidance for revenue of JPY 33,000 million, operating profit of JPY 0 million, ordinary profit of JPY 0 million, net profit of JPY 1,100 million and earning per share of JPY 20.75 for the fiscal year ending February 29, 2012. The Company has issued the consolidated full-year guidance for revenue of JPY 71,000 million, operating profit of JPY 800 million, ordinary profit of JPY 700 million, net profit of JPY 1,800 million and earning per share of JPY 33.96 for the fiscal year ending February 29, 2012.
MATSUYA CO., LTD. to Sell Property Apr 11, 2011
MATSUYA CO., LTD. announced that it has decided to sell a property located in Tokyo, Japan, to YURAKU REAL ESTATE CO.,LTD. for JPY 1,979 million in total, effective the end of August 2011.
MATSUYA CO., LTD. to Sell Subsidiary's Business; Announces Extraordinary Profit Dec 20, 2010
MATSUYA CO., LTD. announced that it has decided to sell all the business in its 86.8%-owned subsidiary, STOKKE JAPAN CO., LTD, which engages in the wholesale of imported products, to a Tokyo-based company, which also engages in the wholesale of imported products, for JPY 300 million in total, effective August 31, 2011. As a result, the Company expects to record a JPY 160 million extraordinary profit on the selling of the above business, for the fiscal year ending February 2012.
Annual income statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
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Net Sales |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
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Revenue |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
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Total Revenue |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
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Cost of Revenue |
660.8 |
641.0 |
652.8 |
612.9 |
605.1 |
|
Cost of Revenue, Total |
660.8 |
641.0 |
652.8 |
612.9 |
605.1 |
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Gross Profit |
242.4 |
230.4 |
242.0 |
231.0 |
227.9 |
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Selling/General/Administrative Expense |
189.1 |
198.0 |
200.2 |
175.9 |
171.8 |
|
Labor & Related Expense |
9.4 |
7.9 |
11.5 |
13.0 |
11.9 |
|
Advertising Expense |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Total Selling/General/Administrative Expenses |
208.0 |
216.5 |
222.8 |
200.2 |
194.8 |
|
Depreciation |
17.0 |
16.3 |
15.9 |
12.7 |
12.2 |
|
Depreciation/Amortization |
17.0 |
16.3 |
15.9 |
12.7 |
12.2 |
|
Impairment-Assets Held for Use |
1.7 |
1.4 |
5.6 |
2.7 |
12.6 |
|
Impairment-Assets Held for Sale |
0.2 |
0.2 |
17.1 |
0.0 |
- |
|
Other Unusual Expense (Income) |
-1.2 |
45.7 |
-0.9 |
5.5 |
18.4 |
|
Unusual Expense (Income) |
0.7 |
47.3 |
21.8 |
8.2 |
31.1 |
|
Total Operating Expense |
886.5 |
921.1 |
913.3 |
834.0 |
843.1 |
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Operating Income |
16.7 |
-49.7 |
-18.4 |
9.9 |
-10.1 |
|
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|
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Interest Expense -
Non-Operating |
-4.1 |
-3.9 |
-3.6 |
-3.4 |
-3.0 |
|
Interest Expense, Net Non-Operating |
-4.1 |
-3.9 |
-3.6 |
-3.4 |
-3.0 |
|
Interest Income -
Non-Operating |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Investment Income -
Non-Operating |
1.1 |
1.1 |
1.5 |
0.8 |
5.1 |
|
Interest/Investment Income - Non-Operating |
1.2 |
1.1 |
1.6 |
0.9 |
5.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-2.9 |
-2.8 |
-2.1 |
-2.5 |
2.2 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.0 |
1.2 |
-3.7 |
|
Other Non-Operating Income (Expense) |
2.3 |
1.3 |
2.9 |
1.5 |
2.6 |
|
Other, Net |
2.3 |
1.3 |
2.9 |
1.5 |
2.6 |
|
Income Before Tax |
16.2 |
-51.2 |
-17.6 |
10.1 |
-9.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.6 |
16.0 |
-0.2 |
6.7 |
-6.5 |
|
Income After Tax |
15.6 |
-67.2 |
-17.4 |
3.4 |
-2.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.4 |
0.3 |
0.5 |
-2.0 |
|
Net Income Before Extraord Items |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
Net Income |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.0 |
52.9 |
|
Basic EPS Excl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Basic/Primary EPS Incl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
Diluted Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.2 |
52.9 |
|
Diluted EPS Excl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Diluted EPS Incl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.02 |
0.04 |
0.02 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1.3 |
2.3 |
1.1 |
|
Interest Expense, Supplemental |
4.1 |
3.9 |
3.6 |
3.4 |
3.0 |
|
Depreciation, Supplemental |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Total Special Items |
0.8 |
47.4 |
21.9 |
7.1 |
34.8 |
|
Normalized Income Before Tax |
17.0 |
-3.8 |
4.3 |
17.2 |
25.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
16.5 |
7.6 |
2.4 |
12.2 |
|
Inc Tax Ex Impact of Sp Items |
0.7 |
32.6 |
7.5 |
9.1 |
5.7 |
|
Normalized Income After Tax |
16.4 |
-36.4 |
-3.2 |
8.0 |
20.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
16.0 |
-36.9 |
-2.9 |
8.5 |
18.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Diluted Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Amort of Acquisition Costs, Supplemental |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Rental Expenses |
22.7 |
25.1 |
25.3 |
22.4 |
23.4 |
|
Advertising Expense, Supplemental |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Reported Operating Profit |
17.4 |
-2.0 |
3.3 |
18.0 |
20.9 |
|
Reported Ordinary Profit |
16.9 |
-3.5 |
3.4 |
16.8 |
21.2 |
|
Normalized EBIT |
17.4 |
-2.4 |
3.4 |
18.0 |
20.9 |
|
Normalized EBITDA |
35.5 |
14.9 |
20.2 |
31.7 |
34.1 |
|
Interest Cost - Domestic |
0.3 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Service Cost - Domestic |
1.1 |
1.5 |
1.7 |
1.4 |
1.2 |
|
Prior Service Cost - Domestic |
0.2 |
0.3 |
0.3 |
0.2 |
0.2 |
|
Expected Return on Assets - Domestic |
-0.2 |
-0.3 |
-0.5 |
-0.5 |
-0.6 |
|
Actuarial Gains and Losses - Domestic |
0.4 |
0.6 |
0.3 |
0.1 |
0.2 |
|
Transition Costs - Domestic |
0.7 |
1.0 |
0.9 |
0.8 |
1.0 |
|
Domestic Pension Plan Expense |
2.6 |
3.4 |
3.1 |
2.2 |
2.5 |
|
Defined Contribution Expense - Domestic |
1.2 |
1.3 |
1.3 |
1.2 |
0.9 |
|
Total Pension Expense |
3.8 |
4.7 |
4.3 |
3.4 |
3.5 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Total Plan Interest Cost |
0.3 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Total Plan Service Cost |
1.1 |
1.5 |
1.7 |
1.4 |
1.2 |
|
Total Plan Expected Return |
-0.2 |
-0.3 |
-0.5 |
-0.5 |
-0.6 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.93 |
88.865 |
97.845 |
104.105 |
118.485 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
30.6 |
28.8 |
26.9 |
31.7 |
26.2 |
|
Short Term Investments |
- |
- |
- |
0.0 |
0.1 |
|
Cash and Short Term Investments |
30.6 |
28.8 |
26.9 |
31.7 |
26.3 |
|
Accounts Receivable -
Trade, Gross |
57.6 |
59.7 |
57.0 |
60.3 |
59.4 |
|
Provision for Doubtful
Accounts |
-0.4 |
-0.4 |
-0.3 |
-0.3 |
-0.4 |
|
Trade Accounts Receivable - Net |
57.1 |
59.3 |
56.6 |
60.0 |
58.9 |
|
Total Receivables, Net |
57.1 |
59.3 |
56.6 |
60.0 |
58.9 |
|
Inventories - Finished Goods |
30.6 |
31.7 |
42.5 |
- |
- |
|
Inventories - Work In Progress |
1.8 |
1.5 |
1.9 |
- |
- |
|
Inventories - Raw Materials |
3.9 |
5.1 |
5.1 |
- |
- |
|
Total Inventory |
36.2 |
38.3 |
49.5 |
44.9 |
38.1 |
|
Deferred Income Tax - Current Asset |
2.2 |
1.0 |
8.9 |
9.0 |
9.9 |
|
Other Current Assets |
10.5 |
11.4 |
9.4 |
10.1 |
10.1 |
|
Other Current Assets, Total |
12.7 |
12.3 |
18.3 |
19.1 |
20.0 |
|
Total Current Assets |
136.7 |
138.7 |
151.3 |
155.6 |
143.3 |
|
|
|
|
|
|
|
|
Buildings |
413.4 |
398.7 |
358.1 |
337.6 |
297.7 |
|
Land/Improvements |
185.9 |
171.3 |
155.6 |
129.3 |
122.9 |
|
Construction in
Progress |
- |
- |
- |
- |
0.0 |
|
Other
Property/Plant/Equipment |
30.8 |
30.5 |
30.1 |
29.9 |
27.9 |
|
Property/Plant/Equipment - Gross |
630.1 |
600.6 |
543.8 |
496.8 |
448.4 |
|
Accumulated Depreciation |
-296.3 |
-282.7 |
-248.9 |
-227.6 |
-195.2 |
|
Property/Plant/Equipment - Net |
333.8 |
317.9 |
294.9 |
269.2 |
253.2 |
|
Intangibles, Net |
7.7 |
7.8 |
7.0 |
6.9 |
4.5 |
|
LT Investment - Affiliate Companies |
6.0 |
5.3 |
- |
- |
- |
|
LT Investments - Other |
55.3 |
50.6 |
46.1 |
51.6 |
58.4 |
|
Long Term Investments |
61.3 |
55.9 |
46.1 |
51.6 |
58.4 |
|
Note Receivable - Long Term |
0.1 |
0.1 |
2.6 |
2.5 |
0.5 |
|
Deferred Charges |
- |
0.0 |
0.4 |
0.5 |
0.0 |
|
Deferred Income Tax - Long Term Asset |
1.5 |
1.6 |
5.0 |
2.0 |
1.9 |
|
Other Long Term Assets |
26.6 |
37.1 |
41.9 |
45.9 |
49.0 |
|
Other Long Term Assets, Total |
28.1 |
38.7 |
47.3 |
48.4 |
50.9 |
|
Total Assets |
567.7 |
559.0 |
549.3 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
74.7 |
77.1 |
74.1 |
80.9 |
70.2 |
|
Accrued Expenses |
1.6 |
1.1 |
2.4 |
2.7 |
2.4 |
|
Notes Payable/Short Term Debt |
180.5 |
152.8 |
148.0 |
139.0 |
126.7 |
|
Current Portion - Long Term Debt/Capital Leases |
22.9 |
36.3 |
0.0 |
- |
0.0 |
|
Customer Advances |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Income Taxes Payable |
1.8 |
0.6 |
1.0 |
2.1 |
2.7 |
|
Other Payables |
8.3 |
41.7 |
0.0 |
- |
- |
|
Deferred Income Tax - Current Liability |
- |
- |
0.0 |
0.3 |
0.1 |
|
Other Current Liabilities |
43.1 |
45.4 |
47.0 |
48.3 |
40.2 |
|
Other Current liabilities, Total |
71.9 |
107.6 |
67.6 |
71.3 |
59.4 |
|
Total Current Liabilities |
351.7 |
375.0 |
292.2 |
293.9 |
258.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
71.9 |
60.8 |
88.0 |
53.3 |
72.1 |
|
Capital Lease Obligations |
0.5 |
0.3 |
0.0 |
- |
- |
|
Total Long Term Debt |
72.4 |
61.1 |
88.0 |
53.3 |
72.1 |
|
Total Debt |
275.9 |
250.2 |
236.0 |
192.3 |
198.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
5.8 |
6.0 |
0.1 |
2.7 |
7.6 |
|
Deferred Income Tax |
5.8 |
6.0 |
0.1 |
2.7 |
7.6 |
|
Minority Interest |
3.5 |
3.0 |
2.5 |
3.2 |
3.3 |
|
Reserves |
0.7 |
1.6 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
2.6 |
2.4 |
2.9 |
8.3 |
8.3 |
|
Other Long Term Liabilities |
23.9 |
24.6 |
26.2 |
21.3 |
21.3 |
|
Other Liabilities, Total |
27.3 |
28.6 |
29.0 |
29.5 |
29.6 |
|
Total Liabilities |
460.7 |
473.7 |
411.9 |
382.6 |
371.3 |
|
|
|
|
|
|
|
|
Common Stock |
87.0 |
80.3 |
72.9 |
68.5 |
60.2 |
|
Common Stock |
87.0 |
80.3 |
72.9 |
68.5 |
60.2 |
|
Additional Paid-In Capital |
68.8 |
64.1 |
58.5 |
55.5 |
48.0 |
|
Retained Earnings (Accumulated Deficit) |
-47.4 |
-58.5 |
11.6 |
30.1 |
24.9 |
|
Treasury Stock - Common |
-5.1 |
-4.7 |
-4.3 |
-4.9 |
-5.8 |
|
Unrealized Gain (Loss) |
3.5 |
4.1 |
-1.3 |
2.3 |
12.2 |
|
Total Equity |
106.9 |
85.2 |
137.4 |
151.5 |
139.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
567.6 |
559.0 |
549.2 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
Total Common Shares Outstanding |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Employees |
957 |
1,217 |
1,244 |
1,292 |
1,312 |
|
Number of Common Shareholders |
5,935 |
5,047 |
3,871 |
3,941 |
4,261 |
|
Deferred Revenue - Current |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Total Long Term Debt, Supplemental |
94.6 |
96.9 |
102.0 |
89.7 |
85.5 |
|
Long Term Debt Maturing within 1 Year |
22.7 |
36.1 |
13.9 |
36.4 |
13.4 |
|
Long Term Debt Maturing in Year 2 |
24.6 |
17.6 |
32.8 |
7.6 |
32.0 |
|
Long Term Debt Maturing in Year 3 |
10.7 |
19.3 |
16.0 |
25.3 |
6.7 |
|
Long Term Debt Maturing in Year 4 |
10.7 |
6.5 |
9.3 |
9.5 |
22.3 |
|
Long Term Debt Maturing in Year 5 |
25.9 |
6.5 |
14.0 |
11.0 |
8.3 |
|
Long Term Debt Maturing in 2-3 Years |
35.2 |
36.9 |
48.8 |
32.9 |
38.6 |
|
Long Term Debt Maturing in 4-5 Years |
36.6 |
12.9 |
23.4 |
20.4 |
30.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
11.0 |
15.9 |
0.0 |
2.9 |
|
Total Capital Leases, Supplemental |
0.7 |
0.5 |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.4 |
0.2 |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.1 |
0.1 |
- |
- |
- |
|
Pension Obligation - Domestic |
16.8 |
16.0 |
21.6 |
21.5 |
18.7 |
|
Plan Assets - Domestic |
5.2 |
5.0 |
9.6 |
13.6 |
14.8 |
|
Funded Status - Domestic |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Total Funded Status |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Prepaid Benefits - Domestic |
0.9 |
1.8 |
6.3 |
7.5 |
7.6 |
|
Accrued Liabilities - Domestic |
-2.6 |
-2.4 |
-2.9 |
-2.8 |
-2.4 |
|
Other Assets, Net - Domestic |
9.9 |
10.4 |
15.5 |
12.6 |
9.0 |
|
Net Assets Recognized on Balance Sheet |
8.1 |
9.9 |
19.0 |
17.2 |
14.2 |
|
Total Plan Obligations |
16.8 |
16.0 |
21.6 |
21.5 |
18.7 |
|
Total Plan Assets |
5.2 |
5.0 |
9.6 |
13.6 |
14.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
16.2 |
-51.2 |
-17.6 |
10.0 |
-9.0 |
|
Depreciation |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Depreciation/Depletion |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Amortization of Acquisition Costs |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Amortization |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Unusual Items |
1.1 |
46.2 |
22.0 |
1.2 |
35.9 |
|
Equity in Net Earnings (Loss) |
-0.3 |
0.0 |
-0.2 |
-0.1 |
-0.2 |
|
Other Non-Cash Items |
-5.7 |
3.9 |
-5.8 |
6.3 |
1.1 |
|
Non-Cash Items |
-5.0 |
50.1 |
16.0 |
7.4 |
36.8 |
|
Accounts Receivable |
6.8 |
2.8 |
7.0 |
6.6 |
-1.3 |
|
Inventories |
5.0 |
13.4 |
-1.7 |
-1.3 |
2.8 |
|
Accounts Payable |
-8.5 |
-4.3 |
-11.6 |
0.9 |
0.1 |
|
Accrued Expenses |
0.3 |
-1.5 |
-0.4 |
0.0 |
0.0 |
|
Other Liabilities |
-2.7 |
-1.6 |
-2.3 |
1.9 |
-0.2 |
|
Other Operating Cash Flow |
-35.9 |
-5.3 |
-5.4 |
-7.7 |
-27.7 |
|
Changes in Working Capital |
-35.0 |
3.6 |
-14.3 |
0.3 |
-26.3 |
|
Cash from Operating Activities |
-5.7 |
19.8 |
0.9 |
31.3 |
14.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-7.0 |
-12.1 |
-27.1 |
-8.8 |
-24.7 |
|
Purchase/Acquisition of Intangibles |
-1.0 |
-1.4 |
-2.0 |
-2.6 |
-0.3 |
|
Capital Expenditures |
-8.0 |
-13.5 |
-29.2 |
-11.4 |
-25.0 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.0 |
11.4 |
3.5 |
|
Sale/Maturity of Investment |
0.0 |
0.5 |
2.2 |
1.6 |
9.3 |
|
Purchase of Investments |
-0.9 |
-0.2 |
-12.0 |
-5.5 |
-12.7 |
|
Other Investing Cash Flow |
10.2 |
2.2 |
3.8 |
5.5 |
5.5 |
|
Other Investing Cash Flow Items, Total |
9.4 |
2.5 |
-6.0 |
12.9 |
5.6 |
|
Cash from Investing Activities |
1.4 |
-10.9 |
-35.1 |
1.5 |
-19.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.2 |
-0.1 |
0.0 |
-0.1 |
1.0 |
|
Financing Cash Flow Items |
-0.2 |
-0.1 |
0.0 |
-0.1 |
1.0 |
|
Cash Dividends Paid - Common |
0.0 |
0.0 |
-2.6 |
-2.3 |
-1.1 |
|
Total Cash Dividends Paid |
0.0 |
0.0 |
-2.6 |
-2.3 |
-1.1 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
6.8 |
5.0 |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-6.9 |
-3.3 |
-2.4 |
|
Common Stock, Net |
0.0 |
0.0 |
-0.1 |
1.7 |
-2.4 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
-0.1 |
1.7 |
-2.4 |
|
Short Term Debt, Net |
14.0 |
4.9 |
24.2 |
-23.7 |
35.6 |
|
Long Term Debt Issued |
28.9 |
0.0 |
46.7 |
6.9 |
12.8 |
|
Long Term Debt
Reduction |
-38.9 |
-14.6 |
-40.4 |
-13.7 |
-34.1 |
|
Long Term Debt, Net |
-10.0 |
-14.6 |
6.3 |
-6.8 |
-21.3 |
|
Issuance (Retirement) of Debt, Net |
4.0 |
-9.6 |
30.5 |
-30.6 |
14.3 |
|
Cash from Financing Activities |
3.8 |
-9.8 |
27.8 |
-31.2 |
11.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-0.5 |
-0.9 |
-6.5 |
1.6 |
7.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
29.6 |
28.2 |
32.7 |
26.8 |
19.5 |
|
Net Cash - Ending Balance |
29.0 |
27.3 |
26.2 |
28.5 |
26.5 |
|
Cash Interest Paid |
4.0 |
4.1 |
3.8 |
3.4 |
3.0 |
|
Cash Taxes Paid |
0.9 |
1.1 |
3.2 |
3.7 |
5.6 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
|
Total Revenue |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
|
|
|
|
|
|
|
|
Cost of Revenues |
660.8 |
640.6 |
652.8 |
612.9 |
605.1 |
|
Direc. Salary&Bonus |
78.2 |
87.7 |
87.7 |
76.8 |
73.9 |
|
Advertisement |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Bonuses |
8.0 |
7.0 |
9.6 |
9.8 |
9.2 |
|
Res-Bonus Allowance |
1.4 |
0.9 |
1.9 |
2.4 |
2.4 |
|
Allow.Dir.Retir.Bons |
- |
0.0 |
0.0 |
0.8 |
0.3 |
|
Depreciation |
17.0 |
16.3 |
15.9 |
12.7 |
12.2 |
|
Rent |
22.7 |
25.1 |
25.3 |
22.4 |
23.4 |
|
Other SG&A |
88.2 |
85.2 |
87.2 |
76.8 |
74.5 |
|
SP, Reversal G on Allowance Doubtful Act |
- |
0.0 |
-0.1 |
-0.3 |
0.0 |
|
SP Shop Withdrawing Compensation |
- |
- |
- |
0.0 |
-6.4 |
|
SP Rev. store closure loss |
-1.0 |
0.0 |
-1.1 |
0.0 |
- |
|
SP Stk sale incoming profit |
0.0 |
-0.2 |
-0.2 |
0.0 |
- |
|
SP Rev. G New Stock Subscription Right |
-0.6 |
-0.4 |
0.0 |
- |
- |
|
SP Rev, reemployment support |
-0.2 |
- |
- |
- |
- |
|
SP Other Special Gains |
-0.3 |
0.0 |
-0.1 |
0.0 |
-0.6 |
|
SP Loss on Retire. of Fixed Asset |
1.7 |
1.1 |
3.6 |
1.4 |
6.0 |
|
SP Impairment Loss |
0.0 |
0.3 |
2.0 |
1.2 |
6.6 |
|
SP Loss on Change of Pension Policy |
- |
- |
- |
0.0 |
7.7 |
|
SP Loss on Reemployment Support Expenses |
- |
- |
- |
0.0 |
16.4 |
|
SP Valuation Loss-Invest.Sec |
0.2 |
0.2 |
17.1 |
0.0 |
- |
|
SP Res-Doubt.Acct.Allow |
- |
- |
0.0 |
0.5 |
0.2 |
|
SP L-Valuation Inventories |
0.0 |
0.4 |
0.0 |
- |
- |
|
SP L on store reduction |
0.0 |
10.6 |
0.0 |
- |
- |
|
SP Amort.of development stage expenses |
0.0 |
0.4 |
0.0 |
- |
- |
|
SP Res. L. on gift certificates recall |
- |
- |
0.0 |
3.4 |
0.0 |
|
SP Res. for L. on store closing |
0.0 |
1.5 |
0.0 |
1.6 |
0.0 |
|
SP L on reemployment |
0.0 |
33.7 |
0.0 |
- |
- |
|
SP Products compensation |
- |
- |
0.0 |
0.2 |
0.0 |
|
SP Provision for Environment |
0.8 |
- |
- |
- |
- |
|
SP Other Special Loss |
0.1 |
0.1 |
0.5 |
0.2 |
1.1 |
|
Total Operating Expense |
886.5 |
921.1 |
913.3 |
834.0 |
843.1 |
|
|
|
|
|
|
|
|
SP Gain Sale Fix. Asset |
- |
- |
0.0 |
1.2 |
0.1 |
|
SP Gain/Loss on equity changes(SP) |
- |
- |
- |
0.0 |
0.8 |
|
SP Gain of Sale of LT Inv't Secs. |
- |
0.0 |
0.8 |
0.3 |
3.8 |
|
SP Loss on Sale of Fixed Assets |
- |
- |
- |
0.0 |
-3.9 |
|
NOP Interest Income |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
NOP Dividend Income |
1.1 |
1.1 |
0.7 |
0.6 |
0.6 |
|
NOP Rent Income |
0.2 |
0.2 |
0.2 |
0.1 |
- |
|
NOP G on Settlements on Acct Payable |
2.6 |
2.5 |
2.1 |
1.7 |
1.7 |
|
NOP Sponsors Received |
1.1 |
0.9 |
1.4 |
0.4 |
1.7 |
|
NOP Other Non-op. Income |
1.2 |
0.7 |
0.8 |
0.7 |
0.8 |
|
NOP Interest Expense |
-4.1 |
-3.9 |
-3.6 |
-3.4 |
-3.0 |
|
NOP Rev.Loss-Debt.Liquid |
- |
- |
0.0 |
-1.2 |
-1.1 |
|
NOP Prov. for collection of coupon |
-1.9 |
-2.0 |
-1.1 |
0.0 |
- |
|
NOP Other Non-op.Expense |
-0.8 |
-0.9 |
-0.4 |
-0.4 |
-0.5 |
|
Net Income Before Taxes |
16.2 |
-51.2 |
-17.6 |
10.1 |
-9.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.6 |
16.0 |
-0.2 |
6.7 |
-6.5 |
|
Net Income After Taxes |
15.6 |
-67.2 |
-17.4 |
3.4 |
-2.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.4 |
0.3 |
0.5 |
-2.0 |
|
Net Income Before Extra. Items |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
Net Income |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Directors' Bonus |
- |
- |
- |
- |
0.0 |
|
Consoliate Adjust |
- |
- |
- |
- |
0.0 |
|
Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
- |
|
Income Available to Com Excl ExtraOrd |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.0 |
52.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Basic EPS Including ExtraOrdinary Item |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
Diluted Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.2 |
52.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Diluted EPS Including ExtraOrd Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.02 |
0.04 |
0.02 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1.3 |
2.3 |
1.1 |
|
Normalized Income Before Taxes |
17.0 |
-3.8 |
4.3 |
17.2 |
25.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.7 |
32.6 |
7.5 |
9.1 |
5.7 |
|
Normalized Income After Taxes |
16.4 |
-36.4 |
-3.2 |
8.0 |
20.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
16.0 |
-36.9 |
-2.9 |
8.5 |
18.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Diluted Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Advertising Expense |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Interest Expense |
4.1 |
3.9 |
3.6 |
3.4 |
3.0 |
|
Amort of Goodwill |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Rental Expense |
22.7 |
25.1 |
25.3 |
22.4 |
23.4 |
|
Depreciation |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Reported Operating Profit |
17.4 |
-2.0 |
3.3 |
18.0 |
20.9 |
|
Reported Ordinary Profit |
16.9 |
-3.5 |
3.4 |
16.8 |
21.2 |
|
Service Cost |
1.1 |
1.5 |
1.7 |
1.4 |
1.2 |
|
Interest cost |
0.3 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Expected Return on Plan Assets |
-0.2 |
-0.3 |
-0.5 |
-0.5 |
-0.6 |
|
Expense due to Accounting Change |
0.7 |
1.0 |
0.9 |
0.8 |
1.0 |
|
Actuarial Gains & Losses |
0.4 |
0.6 |
0.3 |
0.1 |
0.2 |
|
Prior Service Cost |
0.2 |
0.3 |
0.3 |
0.2 |
0.2 |
|
Domestic Pension Plan Expense |
2.6 |
3.4 |
3.1 |
2.2 |
2.5 |
|
Defined contribution expenses |
1.2 |
1.3 |
1.3 |
1.2 |
0.9 |
|
Total Pension Expense |
3.8 |
4.7 |
4.3 |
3.4 |
3.5 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.93 |
88.865 |
97.845 |
104.105 |
118.485 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash and Deposit |
30.6 |
28.8 |
26.9 |
31.7 |
26.2 |
|
Note&Acct.Rcvbl. |
57.6 |
59.7 |
57.0 |
60.3 |
59.4 |
|
Marketable Sec |
- |
- |
- |
0.0 |
0.1 |
|
Inventories |
- |
- |
- |
44.9 |
38.1 |
|
Merchandise |
30.6 |
31.7 |
42.5 |
- |
- |
|
Raw materials
& supplies |
3.9 |
5.1 |
5.1 |
- |
- |
|
Inventories -
construc.-in-process |
1.7 |
1.5 |
1.9 |
- |
- |
|
Inventories -
business.-in-process |
0.1 |
0.0 |
- |
- |
- |
|
Deferred Income
Taxes (Current) |
2.2 |
1.0 |
8.9 |
9.0 |
9.9 |
|
Other Curr.Asset |
10.5 |
11.4 |
9.4 |
10.1 |
10.1 |
|
Allow. Doubtful
Account (Current) |
-0.4 |
-0.4 |
-0.3 |
-0.3 |
-0.4 |
|
Total Current
Assets |
136.7 |
138.7 |
151.3 |
155.6 |
143.3 |
|
|
|
|
|
|
|
|
Bldg.&Structure |
413.4 |
398.7 |
358.1 |
337.6 |
297.7 |
|
Depreciation-Bldg.
& Structure |
-271.3 |
-258.0 |
-225.3 |
-205.6 |
- |
|
Land |
185.9 |
171.3 |
155.6 |
129.3 |
122.9 |
|
Construction-in-Process |
- |
- |
- |
- |
0.0 |
|
Other Fixed Assets |
30.8 |
30.5 |
30.1 |
29.9 |
27.9 |
|
Depreciation-Other
Fixed Assets |
-25.0 |
-24.7 |
-23.5 |
-22.0 |
- |
|
Accum.
Depreciation |
- |
- |
- |
- |
-195.2 |
|
Leasehold
Right |
3.4 |
3.1 |
2.9 |
2.7 |
1.7 |
|
Software
Rights |
3.2 |
3.6 |
3.2 |
2.1 |
1.7 |
|
Other
Intangible Assets |
1.1 |
1.1 |
1.0 |
2.1 |
1.1 |
|
Long-Term
Investment in Secs. |
55.3 |
50.6 |
46.1 |
51.6 |
58.4 |
|
Long-Term Inv. in
Secs.-affiliate |
6.0 |
5.3 |
- |
- |
- |
|
LT Loans,Gross |
0.1 |
0.1 |
2.6 |
2.5 |
0.5 |
|
Deferred Income
Taxes (Non-Current) |
1.5 |
1.6 |
5.0 |
2.0 |
1.9 |
|
Security Deposit |
20.7 |
29.4 |
29.4 |
31.3 |
30.7 |
|
Other Assets |
6.9 |
8.6 |
13.3 |
16.1 |
25.5 |
|
Allow. Doubtful
Accounts (Non-Current) |
-1.0 |
-0.9 |
-0.8 |
-1.5 |
-7.1 |
|
Development stage
expenses |
- |
0.0 |
0.4 |
0.5 |
0.0 |
|
Adjustment |
- |
- |
- |
-0.1 |
- |
|
Total Assets |
567.7 |
559.0 |
549.3 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
Trade Accounts
& Notes Payable |
74.7 |
77.1 |
74.1 |
80.9 |
70.2 |
|
ST Borrowings |
180.5 |
152.8 |
148.0 |
139.0 |
126.7 |
|
Lease |
0.2 |
0.1 |
0.0 |
- |
- |
|
LT borrowings,
Current |
22.7 |
36.1 |
- |
- |
- |
|
Straight Bond
(current) |
- |
- |
- |
- |
0.0 |
|
Other accounts
payable |
8.3 |
41.7 |
0.0 |
- |
- |
|
Income Tax Payable |
1.8 |
0.6 |
1.0 |
2.1 |
2.7 |
|
Deferred Income
Tax |
- |
- |
0.0 |
0.3 |
0.1 |
|
Uncol.Certificat |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Reserve for
Bonuses |
1.5 |
1.1 |
2.4 |
2.7 |
2.3 |
|
Reserve for
Director Bonus |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Res. for L. on
Gift Certificates Recall |
5.1 |
4.7 |
3.8 |
3.8 |
0.0 |
|
Allowance for
Point Card |
0.6 |
0.6 |
0.6 |
0.5 |
0.7 |
|
Res. for L. on
store reduction |
0.5 |
8.0 |
0.0 |
- |
- |
|
Res. for L. on
store closing |
- |
- |
0.0 |
1.8 |
0.0 |
|
Other Curr. Liab |
36.9 |
32.1 |
42.6 |
42.1 |
39.5 |
|
Total Current
Liabilities |
351.7 |
375.0 |
292.2 |
293.9 |
258.7 |
|
|
|
|
|
|
|
|
LT Borrowings |
71.9 |
60.8 |
88.0 |
53.3 |
72.1 |
|
Lease |
0.5 |
0.3 |
0.0 |
- |
- |
|
Total Long Term
Debt |
72.4 |
61.1 |
88.0 |
53.3 |
72.1 |
|
|
|
|
|
|
|
|
Deferred Tax
Liabilities (Non-Current) |
5.8 |
6.0 |
0.1 |
2.7 |
7.6 |
|
Reserve for
Retirement Benefits |
2.6 |
2.4 |
2.9 |
2.8 |
2.4 |
|
Res. for L. on
store closing |
0.0 |
1.6 |
0.0 |
- |
- |
|
Provision for
Environment |
0.7 |
0.0 |
- |
- |
- |
|
Reserve for
Officers' Retirement |
- |
- |
0.0 |
5.4 |
5.9 |
|
Deposit Received |
17.8 |
18.7 |
18.4 |
18.3 |
15.5 |
|
Other LT Liabilities |
6.2 |
5.9 |
7.7 |
3.0 |
5.7 |
|
Minor. Interest |
3.5 |
3.0 |
2.5 |
3.2 |
3.3 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total
Liabilities |
460.7 |
473.7 |
411.9 |
382.6 |
371.3 |
|
|
|
|
|
|
|
|
Common Stock |
87.0 |
80.3 |
72.9 |
68.5 |
60.2 |
|
Capital Surplus |
68.8 |
63.5 |
57.6 |
54.6 |
47.8 |
|
Retained Surplus |
-47.4 |
-58.5 |
11.6 |
30.1 |
24.9 |
|
Treasury Stock |
-5.1 |
-4.7 |
-4.3 |
-4.9 |
-5.8 |
|
Reserve by Val. of
Investment Secs. |
4.7 |
4.6 |
0.6 |
1.6 |
12.2 |
|
Unrealized
Gain/Loss on Hedge |
-1.3 |
-0.5 |
-2.0 |
0.7 |
0.0 |
|
Stock Subscription |
0.0 |
0.6 |
0.9 |
1.0 |
0.3 |
|
Total Equity |
106.9 |
85.2 |
137.4 |
151.5 |
139.5 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders' Equity |
567.6 |
559.0 |
549.2 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
Total Common
Shares Outstanding |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
T/S-Common Stock |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Deferred Revenue - Current |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Full-Time Employees |
957 |
1,217 |
1,244 |
1,292 |
1,312 |
|
Number of Common Shareholders |
5,935 |
5,047 |
3,871 |
3,941 |
4,261 |
|
LT Debt & bond due within 1 yr. |
22.7 |
36.1 |
13.9 |
36.4 |
13.4 |
|
LT Debt due within 2 yr. |
24.6 |
17.6 |
32.8 |
7.6 |
32.0 |
|
LT Debt due within 3 yr. |
10.7 |
19.3 |
16.0 |
25.3 |
6.7 |
|
LT Debt due within 4 yr. |
10.7 |
6.5 |
9.3 |
9.5 |
22.3 |
|
LT Debt due within 5 yr. |
25.9 |
6.5 |
14.0 |
11.0 |
8.3 |
|
Thereafter |
0.0 |
11.0 |
15.9 |
0.0 |
2.9 |
|
Total Long Term Debt, Supplemental |
94.6 |
96.9 |
102.0 |
89.7 |
85.5 |
|
Capital Lease Payments Due within 1 Year |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
- |
- |
- |
|
Total Capital Leases |
0.7 |
0.5 |
- |
- |
- |
|
Pension Obligation |
16.8 |
16.0 |
21.6 |
21.5 |
18.7 |
|
Fair Value of Plan Assets |
5.2 |
5.0 |
9.6 |
13.6 |
14.8 |
|
Funded Status |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Total Funded Status |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Return on Plan Assets |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Accounting change |
3.9 |
4.3 |
6.5 |
7.0 |
6.9 |
|
Unrecognized Prior Service Cost |
1.1 |
1.2 |
1.9 |
2.0 |
2.0 |
|
Unrecognized Actuarial Gains & Losses |
4.9 |
4.9 |
7.2 |
3.6 |
0.1 |
|
Prepaid Pension Benefit |
0.9 |
1.8 |
6.3 |
7.5 |
7.6 |
|
Accrued Pension Benefit |
-2.6 |
-2.4 |
-2.9 |
-2.8 |
-2.4 |
|
Net Assets Recognized on Balance Sheet |
8.1 |
9.9 |
19.0 |
17.2 |
14.2 |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
16.2 |
-51.2 |
-17.6 |
10.0 |
-9.0 |
|
Depreciation |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Amort. of Goodwill |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Doubtful Account |
0.1 |
0.0 |
-0.7 |
-0.2 |
0.0 |
|
Bonus Allowances |
0.3 |
-1.4 |
-0.5 |
0.0 |
-0.1 |
|
Allowance for
Director Bonus |
0.0 |
-0.1 |
0.0 |
0.0 |
0.1 |
|
Res-Accr.Retire
Bft. |
0.1 |
-0.8 |
-0.1 |
0.0 |
-0.7 |
|
Allow.Dir.Retir.Bons |
- |
0.0 |
-5.6 |
-1.1 |
-0.6 |
|
Res. for L. on
Gift Certificates Recall |
0.1 |
0.4 |
-0.3 |
3.4 |
0.0 |
|
Allowance for
Point Card |
0.0 |
0.0 |
0.0 |
-0.2 |
0.1 |
|
Res. for L. on
store closing |
-1.7 |
1.5 |
-1.8 |
1.6 |
0.0 |
|
Res. for L. on
store reduction |
-7.8 |
0.0 |
- |
- |
- |
|
SP Provision for
Environment |
0.7 |
0.0 |
- |
- |
- |
|
Int. and Div.
Income |
-1.2 |
-1.1 |
-0.8 |
-0.7 |
-0.7 |
|
Interest Expense |
4.1 |
3.9 |
3.6 |
3.4 |
3.0 |
|
G&L-Equity
Method |
-0.3 |
0.0 |
-0.2 |
-0.1 |
-0.2 |
|
Gains on equity
changes |
- |
- |
- |
0.0 |
-0.8 |
|
Val.Loss-Invest.Sec |
0.2 |
0.2 |
17.1 |
0.0 |
- |
|
Loss on Sale -
Invest.Sec |
0.0 |
0.0 |
-0.8 |
-0.3 |
-3.8 |
|
Loss related to
store reduction |
0.0 |
10.6 |
0.0 |
- |
- |
|
Retire-Fixed Asset |
1.7 |
1.1 |
3.6 |
1.4 |
6.0 |
|
Sale - Fixed
Assets |
- |
0.0 |
0.0 |
-1.2 |
3.7 |
|
Impairment Loss |
0.0 |
0.3 |
2.0 |
1.2 |
6.6 |
|
Amort.-development
stage expense |
0.0 |
0.4 |
0.0 |
- |
- |
|
Rev. New Stock
Subscription Right |
-0.6 |
-0.4 |
0.0 |
- |
- |
|
L on reemployment |
0.0 |
33.7 |
0.0 |
- |
- |
|
Rev. L on
reemployment |
-0.2 |
0.0 |
- |
- |
- |
|
G/L on valuation
of inventories |
0.0 |
0.4 |
0.0 |
- |
- |
|
Exchange
gains/losses |
0.0 |
0.0 |
0.0 |
- |
- |
|
Loss on Change of
Pension Policy |
- |
- |
- |
0.0 |
7.7 |
|
Loss on
Reemployment Support |
- |
- |
- |
0.0 |
16.4 |
|
Account Receivable |
6.8 |
2.8 |
7.0 |
6.6 |
-1.3 |
|
Inventories |
5.0 |
13.4 |
-1.7 |
-1.3 |
2.8 |
|
Account Payable |
-8.5 |
-4.3 |
-11.6 |
0.9 |
0.1 |
|
Uncolle.Certificates |
-2.7 |
-1.6 |
-2.3 |
1.9 |
-0.2 |
|
Other
Opera.Activity |
1.4 |
1.3 |
3.7 |
1.8 |
3.8 |
|
Int. and Div.
Rcvd. |
1.2 |
1.2 |
0.8 |
0.7 |
0.7 |
|
Interest Paid |
-4.0 |
-4.1 |
-3.8 |
-3.4 |
-3.0 |
|
Pension Fund
Policy Change Expense Paid |
0.0 |
-2.6 |
-2.9 |
-3.1 |
-12.8 |
|
Reemployment
Suport Expense Paid |
-33.6 |
0.0 |
- |
0.0 |
-10.8 |
|
Taxes Paid |
-0.9 |
-1.1 |
-3.2 |
-3.7 |
-5.6 |
|
Adjustment |
- |
- |
0.0 |
- |
0.0 |
|
Cash from
Operating Activities |
-5.7 |
19.8 |
0.9 |
31.3 |
14.6 |
|
|
|
|
|
|
|
|
Capital
Expenditure |
-7.0 |
-12.1 |
-27.1 |
-8.8 |
-24.7 |
|
Sale-Fixed Assets |
0.0 |
0.0 |
0.0 |
11.4 |
3.5 |
|
Purch-Intang.Assets |
-1.0 |
-1.4 |
-2.0 |
-2.6 |
-0.3 |
|
Purch-Invest.Sec |
-0.9 |
-0.2 |
-12.0 |
-5.5 |
-12.2 |
|
Sale-Invest.Sec |
0.0 |
0.5 |
2.2 |
1.6 |
9.3 |
|
Purchase of
Subsidiary Stock |
- |
- |
- |
0.0 |
-0.5 |
|
Loan Extended |
0.0 |
0.0 |
0.0 |
-3.3 |
-0.3 |
|
Loan Recovered |
0.4 |
0.2 |
0.1 |
5.5 |
0.6 |
|
Guaranteed
deposits, net |
10.5 |
0.0 |
- |
- |
- |
|
Other Inv.
Activity |
-0.6 |
2.1 |
3.8 |
3.2 |
5.2 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from
Investing Activities |
1.4 |
-10.9 |
-35.1 |
1.5 |
-19.4 |
|
|
|
|
|
|
|
|
ST Borrowing, Net |
14.0 |
4.9 |
24.2 |
-23.7 |
35.6 |
|
Proceed-LT Debt |
28.9 |
0.0 |
46.7 |
6.9 |
12.8 |
|
Repaid-LT Debt |
-38.9 |
-14.6 |
-40.4 |
-13.7 |
-8.4 |
|
Redemp-Conv.Bond |
- |
- |
- |
0.0 |
-25.7 |
|
Dividend Paid |
0.0 |
0.0 |
-2.6 |
-2.3 |
-1.1 |
|
Div.Paid to
Minority |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Stock Issued to
Minority Interest |
- |
- |
- |
0.0 |
1.0 |
|
Purchase of
Treasury Stock |
0.0 |
0.0 |
-6.9 |
-3.3 |
-2.4 |
|
Slae of Treasury
Stock |
0.0 |
0.0 |
6.8 |
5.0 |
0.0 |
|
Other
Finan.Activity |
-0.2 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Cash from
Financing Activities |
3.8 |
-9.8 |
27.8 |
-31.2 |
11.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Change in
Cash |
-0.5 |
-0.9 |
-6.5 |
1.6 |
7.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
29.6 |
28.2 |
32.7 |
26.8 |
19.5 |
|
Net Cash - Ending Balance |
29.0 |
27.3 |
26.2 |
28.5 |
26.5 |
|
Cash Interest Paid |
4.0 |
4.1 |
3.8 |
3.4 |
3.0 |
|
Cash Taxes Paid |
0.9 |
1.1 |
3.2 |
3.7 |
5.6 |
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)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
|
Financial Strength |
|||||
|
Current Ratio |
0.39 |
0.37 |
0.52 |
0.53 |
0.55 |
|
Quick/Acid Test Ratio |
0.25 |
0.23 |
0.29 |
0.31 |
0.33 |
|
Working Capital1 |
-215.0 |
-236.3 |
-140.9 |
-138.3 |
-115.3 |
|
Long Term Debt/Equity |
0.68 |
0.72 |
0.64 |
0.35 |
0.52 |
|
Total Debt/Equity |
2.58 |
2.94 |
1.72 |
1.27 |
1.43 |
|
Long Term Debt/Total Capital |
0.19 |
0.18 |
0.24 |
0.16 |
0.21 |
|
Total Debt/Total Capital |
0.72 |
0.75 |
0.63 |
0.56 |
0.59 |
|
Payout Ratio |
0.00% |
0.00% |
-7.68% |
59.98% |
-24.92% |
|
Effective Tax Rate |
3.85% |
- |
- |
66.47% |
- |
|
Total Capital1 |
382.8 |
335.5 |
373.4 |
343.8 |
338.3 |
|
|
|
|
|
|
|
|
Efficiency |
|||||
|
Asset Turnover |
1.62 |
1.58 |
1.65 |
1.68 |
1.62 |
|
Inventory Turnover |
17.95 |
14.55 |
13.83 |
15.43 |
14.99 |
|
Days In Inventory |
20.34 |
25.09 |
26.38 |
23.66 |
24.35 |
|
Receivables Turnover |
15.69 |
15.07 |
15.30 |
14.76 |
14.11 |
|
Days Receivables Outstanding |
23.27 |
24.22 |
23.85 |
24.74 |
25.86 |
|
Revenue/Employee2 |
995,970 |
753,583 |
740,976 |
725,616 |
626,572 |
|
Operating Income/Employee2 |
18,468 |
-42,969 |
-15,273 |
8,490 |
-7,629 |
|
EBITDA/Employee2 |
38,249 |
-28,091 |
-1,380 |
20,089 |
2,232 |
|
|
|
|
|
|
|
|
Profitability |
|||||
|
Gross Margin |
26.84% |
26.44% |
27.05% |
27.37% |
27.36% |
|
Operating Margin |
1.85% |
-5.70% |
-2.06% |
1.17% |
-1.22% |
|
EBITDA Margin |
3.84% |
-3.73% |
-0.19% |
2.77% |
0.36% |
|
EBIT Margin |
1.85% |
-5.70% |
-2.06% |
1.17% |
-1.22% |
|
Pretax Margin |
1.80% |
-5.87% |
-1.97% |
1.19% |
-1.09% |
|
Net Profit Margin |
1.69% |
-7.77% |
-1.92% |
0.45% |
-0.55% |
|
COGS/Revenue |
73.16% |
73.56% |
72.95% |
72.63% |
72.64% |
|
SG&A Expense/Revenue |
23.02% |
24.85% |
24.90% |
23.73% |
23.38% |
|
|
|
|
|
|
|
|
Management Effectiveness |
|||||
|
Return on Assets |
2.80% |
-12.16% |
-3.22% |
0.67% |
-0.50% |
|
Return on Equity |
16.14% |
-60.28% |
-11.84% |
2.74% |
-3.11% |
|
|
|
|
|
|
|
|
Valuation |
|||||
|
Free Cash Flow/Share2 |
-0.27 |
0.13 |
-0.55 |
0.42 |
-0.19 |
|
Operating Cash Flow/Share 2 |
-0.11 |
0.39 |
0.02 |
0.66 |
0.27 |
|
1-ExchangeRate: JPY to USD Period End Date |
81.93 |
88.865 |
97.845 |
104.105 |
118.485 |
|
2-ExchangeRate: JPY to USD Average for Period |
81.93 |
88.865 |
97.845 |
104.105 |
118.485 |
|
Current Market Multiples |
|
|
Market Cap/Earnings (TTM) |
5.38 |
|
Market Cap/Equity (MRQ) |
1.99 |
|
Market Cap/Revenue (TTM) |
0.32 |
|
Market Cap/EBIT (TTM) |
-233.94 |
|
Market Cap/EBITDA (TTM) |
17.06 |
|
Enterprise Value/Earnings (TTM) |
8.66 |
|
Enterprise Value/Equity (MRQ) |
3.21 |
|
Enterprise Value/Revenue (TTM) |
0.52 |
|
Enterprise Value/EBIT (TTM) |
-376.69 |
|
Enterprise Value/EBITDA (TTM) |
27.48 |
Annual income statements
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
|
Revenue |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
|
Total Revenue |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
660.8 |
641.0 |
652.8 |
612.9 |
605.1 |
|
Cost of Revenue, Total |
660.8 |
641.0 |
652.8 |
612.9 |
605.1 |
|
Gross Profit |
242.4 |
230.4 |
242.0 |
231.0 |
227.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
189.1 |
198.0 |
200.2 |
175.9 |
171.8 |
|
Labor & Related Expense |
9.4 |
7.9 |
11.5 |
13.0 |
11.9 |
|
Advertising Expense |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Total Selling/General/Administrative Expenses |
208.0 |
216.5 |
222.8 |
200.2 |
194.8 |
|
Depreciation |
17.0 |
16.3 |
15.9 |
12.7 |
12.2 |
|
Depreciation/Amortization |
17.0 |
16.3 |
15.9 |
12.7 |
12.2 |
|
Impairment-Assets Held for Use |
1.7 |
1.4 |
5.6 |
2.7 |
12.6 |
|
Impairment-Assets Held for Sale |
0.2 |
0.2 |
17.1 |
0.0 |
- |
|
Other Unusual Expense (Income) |
-1.2 |
45.7 |
-0.9 |
5.5 |
18.4 |
|
Unusual Expense (Income) |
0.7 |
47.3 |
21.8 |
8.2 |
31.1 |
|
Total Operating Expense |
886.5 |
921.1 |
913.3 |
834.0 |
843.1 |
|
|
|
|
|
|
|
|
Operating Income |
16.7 |
-49.7 |
-18.4 |
9.9 |
-10.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-4.1 |
-3.9 |
-3.6 |
-3.4 |
-3.0 |
|
Interest Expense, Net Non-Operating |
-4.1 |
-3.9 |
-3.6 |
-3.4 |
-3.0 |
|
Interest Income -
Non-Operating |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Investment Income -
Non-Operating |
1.1 |
1.1 |
1.5 |
0.8 |
5.1 |
|
Interest/Investment Income - Non-Operating |
1.2 |
1.1 |
1.6 |
0.9 |
5.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-2.9 |
-2.8 |
-2.1 |
-2.5 |
2.2 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.0 |
1.2 |
-3.7 |
|
Other Non-Operating Income (Expense) |
2.3 |
1.3 |
2.9 |
1.5 |
2.6 |
|
Other, Net |
2.3 |
1.3 |
2.9 |
1.5 |
2.6 |
|
Income Before Tax |
16.2 |
-51.2 |
-17.6 |
10.1 |
-9.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.6 |
16.0 |
-0.2 |
6.7 |
-6.5 |
|
Income After Tax |
15.6 |
-67.2 |
-17.4 |
3.4 |
-2.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.4 |
0.3 |
0.5 |
-2.0 |
|
Net Income Before Extraord Items |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
Net Income |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.0 |
52.9 |
|
Basic EPS Excl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Basic/Primary EPS Incl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
Diluted Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.2 |
52.9 |
|
Diluted EPS Excl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Diluted EPS Incl Extraord Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.02 |
0.04 |
0.02 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1.3 |
2.3 |
1.1 |
|
Interest Expense, Supplemental |
4.1 |
3.9 |
3.6 |
3.4 |
3.0 |
|
Depreciation, Supplemental |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Total Special Items |
0.8 |
47.4 |
21.9 |
7.1 |
34.8 |
|
Normalized Income Before Tax |
17.0 |
-3.8 |
4.3 |
17.2 |
25.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
16.5 |
7.6 |
2.4 |
12.2 |
|
Inc Tax Ex Impact of Sp Items |
0.7 |
32.6 |
7.5 |
9.1 |
5.7 |
|
Normalized Income After Tax |
16.4 |
-36.4 |
-3.2 |
8.0 |
20.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
16.0 |
-36.9 |
-2.9 |
8.5 |
18.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Diluted Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Amort of Acquisition Costs, Supplemental |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Rental Expenses |
22.7 |
25.1 |
25.3 |
22.4 |
23.4 |
|
Advertising Expense, Supplemental |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Reported Operating Profit |
17.4 |
-2.0 |
3.3 |
18.0 |
20.9 |
|
Reported Ordinary Profit |
16.9 |
-3.5 |
3.4 |
16.8 |
21.2 |
|
Normalized EBIT |
17.4 |
-2.4 |
3.4 |
18.0 |
20.9 |
|
Normalized EBITDA |
35.5 |
14.9 |
20.2 |
31.7 |
34.1 |
|
Interest Cost - Domestic |
0.3 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Service Cost - Domestic |
1.1 |
1.5 |
1.7 |
1.4 |
1.2 |
|
Prior Service Cost - Domestic |
0.2 |
0.3 |
0.3 |
0.2 |
0.2 |
|
Expected Return on Assets - Domestic |
-0.2 |
-0.3 |
-0.5 |
-0.5 |
-0.6 |
|
Actuarial Gains and Losses - Domestic |
0.4 |
0.6 |
0.3 |
0.1 |
0.2 |
|
Transition Costs - Domestic |
0.7 |
1.0 |
0.9 |
0.8 |
1.0 |
|
Domestic Pension Plan Expense |
2.6 |
3.4 |
3.1 |
2.2 |
2.5 |
|
Defined Contribution Expense - Domestic |
1.2 |
1.3 |
1.3 |
1.2 |
0.9 |
|
Total Pension Expense |
3.8 |
4.7 |
4.3 |
3.4 |
3.5 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Total Plan Interest Cost |
0.3 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Total Plan Service Cost |
1.1 |
1.5 |
1.7 |
1.4 |
1.2 |
|
Total Plan Expected Return |
-0.2 |
-0.3 |
-0.5 |
-0.5 |
-0.6 |
Interim Income statements
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||
|
|
|||||||
|
|
31-Aug-2011 |
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
||
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
||
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
||
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
||
|
Exchange Rate
(Period Average) |
78.923925 |
81.970699 |
82.862258 |
82.960806 |
87.922473 |
||
|
|
|
|
|
|
|
||
|
Net Sales |
220.5 |
193.1 |
253.1 |
225.0 |
216.9 |
||
|
Revenue |
220.5 |
193.1 |
253.1 |
225.0 |
216.9 |
||
|
Total Revenue |
220.5 |
193.1 |
253.1 |
225.0 |
216.9 |
||
|
|
|
|
|
|
|
||
|
Cost of Revenue |
160.0 |
142.3 |
185.5 |
164.7 |
157.1 |
||
|
Cost of Revenue, Total |
160.0 |
142.3 |
185.5 |
164.7 |
157.1 |
||
|
Gross Profit |
60.5 |
50.8 |
67.6 |
60.4 |
59.8 |
||
|
|
|
|
|
|
|
||
|
Selling/General/Administrative Expense |
35.4 |
33.4 |
39.9 |
37.8 |
32.8 |
||
|
Labor & Related Expense |
21.1 |
21.0 |
20.4 |
20.5 |
22.1 |
||
|
Total Selling/General/Administrative Expenses |
56.5 |
54.4 |
60.2 |
58.4 |
54.9 |
||
|
Impairment-Assets Held for Use |
0.8 |
0.0 |
0.5 |
0.1 |
1.0 |
||
|
Impairment-Assets Held for Sale |
0.0 |
1.5 |
- |
0.0 |
1.2 |
||
|
Other Unusual Expense (Income) |
5.2 |
4.7 |
-1.5 |
0.0 |
0.1 |
||
|
Unusual Expense (Income) |
6.0 |
6.2 |
-1.0 |
0.1 |
2.4 |
||
|
Total Operating Expense |
222.4 |
202.8 |
244.7 |
223.1 |
214.4 |
||
|
|
|
|
|
|
|
||
|
Operating Income |
-1.9 |
-9.8 |
8.4 |
1.9 |
2.5 |
||
|
|
|
|
|
|
|
||
|
Interest Expense -
Non-Operating |
-1.0 |
-0.9 |
-1.0 |
-1.0 |
-1.0 |
||
|
Interest Expense, Net Non-Operating |
-1.0 |
-0.9 |
-1.0 |
-1.0 |
-1.0 |
||
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
||
|
Investment Income -
Non-Operating |
0.7 |
0.3 |
0.1 |
0.0 |
0.6 |
||
|
Interest/Investment Income - Non-Operating |
0.7 |
0.3 |
0.2 |
0.0 |
0.6 |
||
|
Interest Income (Expense) - Net Non-Operating Total |
-0.3 |
-0.6 |
-0.9 |
-1.0 |
-0.4 |
||
|
Gain (Loss) on Sale of Assets |
56.6 |
- |
- |
- |
- |
||
|
Other Non-Operating Income (Expense) |
0.4 |
0.8 |
0.7 |
0.7 |
0.4 |
||
|
Other, Net |
0.4 |
0.8 |
0.7 |
0.7 |
0.4 |
||
|
Income Before Tax |
54.7 |
-9.6 |
8.2 |
1.6 |
2.5 |
||
|
|
|
|
|
|
|
||
|
Total Income Tax |
0.8 |
0.0 |
0.1 |
-0.2 |
0.6 |
||
|
Income After Tax |
53.9 |
-9.5 |
8.1 |
1.9 |
1.9 |
||
|
|
|
|
|
|
|
||
|
Minority Interest |
0.6 |
0.5 |
-0.7 |
0.4 |
-0.2 |
||
|
Net Income Before Extraord Items |
54.5 |
-9.1 |
7.4 |
2.2 |
1.6 |
||
|
Net Income |
54.5 |
-9.1 |
7.4 |
2.2 |
1.6 |
||
|
|
|
|
|
|
|
||
|
Miscellaneous Earnings Adjustment |
- |
- |
-0.1 |
0.0 |
0.0 |
||
|
Total Adjustments to Net Income |
- |
- |
-0.1 |
0.0 |
0.0 |
||
|
Income Available to Common Excl Extraord Items |
54.5 |
-9.1 |
7.3 |
2.3 |
1.6 |
||
|
|
|
|
|
|
|
||
|
Income Available to Common Incl Extraord Items |
54.5 |
-9.1 |
7.3 |
2.3 |
1.6 |
||
|
|
|
|
|
|
|
||
|
Basic/Primary Weighted Average Shares |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
||
|
Basic EPS Excl Extraord Items |
1.03 |
-0.17 |
0.14 |
0.04 |
0.03 |
||
|
Basic/Primary EPS Incl Extraord Items |
1.03 |
-0.17 |
0.14 |
0.04 |
0.03 |
||
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
||
|
Diluted Net Income |
54.5 |
-9.1 |
7.3 |
2.3 |
1.6 |
||
|
Diluted Weighted Average Shares |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
||
|
Diluted EPS Excl Extraord Items |
1.03 |
-0.17 |
0.14 |
0.04 |
0.03 |
||
|
Diluted EPS Incl Extraord Items |
1.03 |
-0.17 |
0.14 |
0.04 |
0.03 |
||
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
||
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
||
|
Interest Expense, Supplemental |
1.0 |
0.9 |
1.0 |
1.0 |
1.0 |
||
|
Depreciation, Supplemental |
4.4 |
4.1 |
4.7 |
4.7 |
4.4 |
||
|
Total Special Items |
-50.6 |
6.2 |
-1.0 |
0.1 |
2.4 |
||
|
Normalized Income Before Tax |
4.1 |
-3.4 |
7.2 |
1.7 |
4.8 |
||
|
|
|
|
|
|
|
||
|
Effect of Special Items on Income Taxes |
-0.7 |
2.2 |
0.0 |
0.0 |
0.6 |
||
|
Inc Tax Ex Impact of Sp Items |
0.1 |
2.1 |
0.1 |
-0.2 |
1.2 |
||
|
Normalized Income After Tax |
4.0 |
-5.5 |
7.1 |
1.9 |
3.7 |
||
|
|
|
|
|
|
|
||
|
Normalized Inc. Avail to Com. |
4.6 |
-5.0 |
6.3 |
2.3 |
3.4 |
||
|
|
|
|
|
|
|
||
|
Basic Normalized EPS |
0.09 |
-0.09 |
0.12 |
0.04 |
0.06 |
||
|
Diluted Normalized EPS |
0.09 |
-0.09 |
0.12 |
0.04 |
0.06 |
||
|
Reported Operating Profit |
4.0 |
-3.6 |
7.4 |
2.0 |
4.8 |
||
|
Reported Ordinary Profit |
4.1 |
-3.4 |
7.2 |
1.7 |
4.9 |
||
|
Normalized EBIT |
4.0 |
-3.6 |
7.4 |
2.0 |
4.8 |
||
|
Normalized EBITDA |
8.5 |
0.5 |
12.1 |
6.8 |
9.2 |
||
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.93 |
88.865 |
97.845 |
104.105 |
118.485 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
30.6 |
28.8 |
26.9 |
31.7 |
26.2 |
|
Short Term Investments |
- |
- |
- |
0.0 |
0.1 |
|
Cash and Short Term Investments |
30.6 |
28.8 |
26.9 |
31.7 |
26.3 |
|
Accounts Receivable -
Trade, Gross |
57.6 |
59.7 |
57.0 |
60.3 |
59.4 |
|
Provision for Doubtful
Accounts |
-0.4 |
-0.4 |
-0.3 |
-0.3 |
-0.4 |
|
Trade Accounts Receivable - Net |
57.1 |
59.3 |
56.6 |
60.0 |
58.9 |
|
Total Receivables, Net |
57.1 |
59.3 |
56.6 |
60.0 |
58.9 |
|
Inventories - Finished Goods |
30.6 |
31.7 |
42.5 |
- |
- |
|
Inventories - Work In Progress |
1.8 |
1.5 |
1.9 |
- |
- |
|
Inventories - Raw Materials |
3.9 |
5.1 |
5.1 |
- |
- |
|
Total Inventory |
36.2 |
38.3 |
49.5 |
44.9 |
38.1 |
|
Deferred Income Tax - Current Asset |
2.2 |
1.0 |
8.9 |
9.0 |
9.9 |
|
Other Current Assets |
10.5 |
11.4 |
9.4 |
10.1 |
10.1 |
|
Other Current Assets, Total |
12.7 |
12.3 |
18.3 |
19.1 |
20.0 |
|
Total Current Assets |
136.7 |
138.7 |
151.3 |
155.6 |
143.3 |
|
|
|
|
|
|
|
|
Buildings |
413.4 |
398.7 |
358.1 |
337.6 |
297.7 |
|
Land/Improvements |
185.9 |
171.3 |
155.6 |
129.3 |
122.9 |
|
Construction in
Progress |
- |
- |
- |
- |
0.0 |
|
Other
Property/Plant/Equipment |
30.8 |
30.5 |
30.1 |
29.9 |
27.9 |
|
Property/Plant/Equipment - Gross |
630.1 |
600.6 |
543.8 |
496.8 |
448.4 |
|
Accumulated Depreciation |
-296.3 |
-282.7 |
-248.9 |
-227.6 |
-195.2 |
|
Property/Plant/Equipment - Net |
333.8 |
317.9 |
294.9 |
269.2 |
253.2 |
|
Intangibles, Net |
7.7 |
7.8 |
7.0 |
6.9 |
4.5 |
|
LT Investment - Affiliate Companies |
6.0 |
5.3 |
- |
- |
- |
|
LT Investments - Other |
55.3 |
50.6 |
46.1 |
51.6 |
58.4 |
|
Long Term Investments |
61.3 |
55.9 |
46.1 |
51.6 |
58.4 |
|
Note Receivable - Long Term |
0.1 |
0.1 |
2.6 |
2.5 |
0.5 |
|
Deferred Charges |
- |
0.0 |
0.4 |
0.5 |
0.0 |
|
Deferred Income Tax - Long Term Asset |
1.5 |
1.6 |
5.0 |
2.0 |
1.9 |
|
Other Long Term Assets |
26.6 |
37.1 |
41.9 |
45.9 |
49.0 |
|
Other Long Term Assets, Total |
28.1 |
38.7 |
47.3 |
48.4 |
50.9 |
|
Total Assets |
567.7 |
559.0 |
549.3 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
74.7 |
77.1 |
74.1 |
80.9 |
70.2 |
|
Accrued Expenses |
1.6 |
1.1 |
2.4 |
2.7 |
2.4 |
|
Notes Payable/Short Term Debt |
180.5 |
152.8 |
148.0 |
139.0 |
126.7 |
|
Current Portion - Long Term Debt/Capital Leases |
22.9 |
36.3 |
0.0 |
- |
0.0 |
|
Customer Advances |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Income Taxes Payable |
1.8 |
0.6 |
1.0 |
2.1 |
2.7 |
|
Other Payables |
8.3 |
41.7 |
0.0 |
- |
- |
|
Deferred Income Tax - Current Liability |
- |
- |
0.0 |
0.3 |
0.1 |
|
Other Current Liabilities |
43.1 |
45.4 |
47.0 |
48.3 |
40.2 |
|
Other Current liabilities, Total |
71.9 |
107.6 |
67.6 |
71.3 |
59.4 |
|
Total Current Liabilities |
351.7 |
375.0 |
292.2 |
293.9 |
258.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
71.9 |
60.8 |
88.0 |
53.3 |
72.1 |
|
Capital Lease Obligations |
0.5 |
0.3 |
0.0 |
- |
- |
|
Total Long Term Debt |
72.4 |
61.1 |
88.0 |
53.3 |
72.1 |
|
Total Debt |
275.9 |
250.2 |
236.0 |
192.3 |
198.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
5.8 |
6.0 |
0.1 |
2.7 |
7.6 |
|
Deferred Income Tax |
5.8 |
6.0 |
0.1 |
2.7 |
7.6 |
|
Minority Interest |
3.5 |
3.0 |
2.5 |
3.2 |
3.3 |
|
Reserves |
0.7 |
1.6 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
2.6 |
2.4 |
2.9 |
8.3 |
8.3 |
|
Other Long Term Liabilities |
23.9 |
24.6 |
26.2 |
21.3 |
21.3 |
|
Other Liabilities, Total |
27.3 |
28.6 |
29.0 |
29.5 |
29.6 |
|
Total Liabilities |
460.7 |
473.7 |
411.9 |
382.6 |
371.3 |
|
|
|
|
|
|
|
|
Common Stock |
87.0 |
80.3 |
72.9 |
68.5 |
60.2 |
|
Common Stock |
87.0 |
80.3 |
72.9 |
68.5 |
60.2 |
|
Additional Paid-In Capital |
68.8 |
64.1 |
58.5 |
55.5 |
48.0 |
|
Retained Earnings (Accumulated Deficit) |
-47.4 |
-58.5 |
11.6 |
30.1 |
24.9 |
|
Treasury Stock - Common |
-5.1 |
-4.7 |
-4.3 |
-4.9 |
-5.8 |
|
Unrealized Gain (Loss) |
3.5 |
4.1 |
-1.3 |
2.3 |
12.2 |
|
Total Equity |
106.9 |
85.2 |
137.4 |
151.5 |
139.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
567.6 |
559.0 |
549.2 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
Total Common Shares Outstanding |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Employees |
957 |
1,217 |
1,244 |
1,292 |
1,312 |
|
Number of Common Shareholders |
5,935 |
5,047 |
3,871 |
3,941 |
4,261 |
|
Deferred Revenue - Current |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Total Long Term Debt, Supplemental |
94.6 |
96.9 |
102.0 |
89.7 |
85.5 |
|
Long Term Debt Maturing within 1 Year |
22.7 |
36.1 |
13.9 |
36.4 |
13.4 |
|
Long Term Debt Maturing in Year 2 |
24.6 |
17.6 |
32.8 |
7.6 |
32.0 |
|
Long Term Debt Maturing in Year 3 |
10.7 |
19.3 |
16.0 |
25.3 |
6.7 |
|
Long Term Debt Maturing in Year 4 |
10.7 |
6.5 |
9.3 |
9.5 |
22.3 |
|
Long Term Debt Maturing in Year 5 |
25.9 |
6.5 |
14.0 |
11.0 |
8.3 |
|
Long Term Debt Maturing in 2-3 Years |
35.2 |
36.9 |
48.8 |
32.9 |
38.6 |
|
Long Term Debt Maturing in 4-5 Years |
36.6 |
12.9 |
23.4 |
20.4 |
30.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
11.0 |
15.9 |
0.0 |
2.9 |
|
Total Capital Leases, Supplemental |
0.7 |
0.5 |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.4 |
0.2 |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.1 |
0.1 |
- |
- |
- |
|
Pension Obligation - Domestic |
16.8 |
16.0 |
21.6 |
21.5 |
18.7 |
|
Plan Assets - Domestic |
5.2 |
5.0 |
9.6 |
13.6 |
14.8 |
|
Funded Status - Domestic |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Total Funded Status |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Prepaid Benefits - Domestic |
0.9 |
1.8 |
6.3 |
7.5 |
7.6 |
|
Accrued Liabilities - Domestic |
-2.6 |
-2.4 |
-2.9 |
-2.8 |
-2.4 |
|
Other Assets, Net - Domestic |
9.9 |
10.4 |
15.5 |
12.6 |
9.0 |
|
Net Assets Recognized on Balance Sheet |
8.1 |
9.9 |
19.0 |
17.2 |
14.2 |
|
Total Plan Obligations |
16.8 |
16.0 |
21.6 |
21.5 |
18.7 |
|
Total Plan Assets |
5.2 |
5.0 |
9.6 |
13.6 |
14.8 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Aug-2011 |
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
76.47 |
81.24 |
81.93 |
83.77 |
83.97 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
33.1 |
27.4 |
30.6 |
30.1 |
28.4 |
|
Cash and Short Term Investments |
33.1 |
27.4 |
30.6 |
30.1 |
28.4 |
|
Accounts Receivable -
Trade, Gross |
50.6 |
56.5 |
57.6 |
65.0 |
55.6 |
|
Provision for Doubtful
Accounts |
-0.4 |
-0.3 |
-0.4 |
-0.5 |
-0.5 |
|
Trade Accounts Receivable - Net |
50.2 |
56.2 |
57.1 |
64.6 |
55.1 |
|
Total Receivables, Net |
50.2 |
56.2 |
57.1 |
64.6 |
55.1 |
|
Inventories - Finished Goods |
31.2 |
31.4 |
30.6 |
32.8 |
31.0 |
|
Inventories - Work In Progress |
1.8 |
0.9 |
1.8 |
2.2 |
1.7 |
|
Inventories - Raw Materials |
3.8 |
3.8 |
3.9 |
4.2 |
4.4 |
|
Total Inventory |
36.8 |
36.1 |
36.2 |
39.2 |
37.1 |
|
Other Current Assets |
13.7 |
13.8 |
12.7 |
13.5 |
13.4 |
|
Other Current Assets, Total |
13.7 |
13.8 |
12.7 |
13.5 |
13.4 |
|
Total Current Assets |
133.8 |
133.5 |
136.7 |
147.3 |
134.1 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
334.1 |
333.4 |
333.7 |
330.0 |
331.2 |
|
Intangibles, Net |
7.5 |
7.5 |
7.7 |
8.0 |
8.3 |
|
LT Investments - Other |
54.7 |
52.4 |
61.3 |
57.6 |
55.9 |
|
Long Term Investments |
54.7 |
52.4 |
61.3 |
57.6 |
55.9 |
|
Other Long Term Assets |
29.6 |
28.4 |
28.1 |
35.9 |
39.4 |
|
Other Long Term Assets, Total |
29.6 |
28.4 |
28.1 |
35.9 |
39.4 |
|
Total Assets |
559.8 |
555.2 |
567.6 |
578.8 |
569.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
78.3 |
74.7 |
74.7 |
82.9 |
75.9 |
|
Accrued Expenses |
1.3 |
3.5 |
1.5 |
2.9 |
3.3 |
|
Notes Payable/Short Term Debt |
128.8 |
186.7 |
180.5 |
208.7 |
206.6 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
22.9 |
- |
- |
|
Income Taxes Payable |
1.7 |
0.6 |
1.8 |
0.7 |
1.5 |
|
Other Current Liabilities |
73.8 |
71.9 |
70.1 |
75.6 |
74.2 |
|
Other Current liabilities, Total |
75.5 |
72.4 |
71.9 |
76.3 |
75.7 |
|
Total Current Liabilities |
283.9 |
337.2 |
351.7 |
370.8 |
361.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
88.4 |
88.3 |
71.9 |
75.3 |
78.2 |
|
Capital Lease Obligations |
- |
- |
0.5 |
- |
- |
|
Total Long Term Debt |
88.4 |
88.3 |
72.4 |
75.3 |
78.2 |
|
Total Debt |
217.1 |
275.0 |
275.9 |
284.0 |
284.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
- |
- |
5.8 |
- |
- |
|
Deferred Income Tax |
- |
- |
5.8 |
- |
- |
|
Minority Interest |
2.6 |
3.1 |
3.5 |
2.8 |
3.1 |
|
Reserves |
0.4 |
0.2 |
0.7 |
0.0 |
0.0 |
|
Pension Benefits - Underfunded |
2.7 |
2.7 |
2.6 |
2.7 |
2.6 |
|
Other Long Term Liabilities |
28.5 |
31.1 |
23.9 |
30.9 |
31.9 |
|
Other Liabilities, Total |
31.5 |
34.1 |
27.3 |
33.5 |
34.5 |
|
Total Liabilities |
406.4 |
462.7 |
460.7 |
482.3 |
477.3 |
|
|
|
|
|
|
|
|
Common Stock |
93.3 |
87.8 |
87.0 |
85.1 |
84.9 |
|
Common Stock |
93.3 |
87.8 |
87.0 |
85.1 |
84.9 |
|
Additional Paid-In Capital |
73.7 |
69.4 |
68.8 |
67.3 |
67.2 |
|
Retained Earnings (Accumulated Deficit) |
-4.2 |
-56.9 |
-47.4 |
-53.6 |
-55.7 |
|
Treasury Stock - Common |
-5.5 |
-5.1 |
-5.1 |
-5.0 |
-5.0 |
|
Unrealized Gain (Loss) |
-3.9 |
-2.7 |
3.5 |
2.5 |
0.3 |
|
Total Equity |
153.4 |
92.5 |
106.9 |
96.5 |
91.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
559.7 |
555.2 |
567.6 |
578.8 |
569.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
|
Total Common Shares Outstanding |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Employees |
945 |
950 |
957 |
966 |
974 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
16.2 |
-51.2 |
-17.6 |
10.0 |
-9.0 |
|
Depreciation |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Depreciation/Depletion |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Amortization of Acquisition Costs |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Amortization |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Unusual Items |
1.1 |
46.2 |
22.0 |
1.2 |
35.9 |
|
Equity in Net Earnings (Loss) |
-0.3 |
0.0 |
-0.2 |
-0.1 |
-0.2 |
|
Other Non-Cash Items |
-5.7 |
3.9 |
-5.8 |
6.3 |
1.1 |
|
Non-Cash Items |
-5.0 |
50.1 |
16.0 |
7.4 |
36.8 |
|
Accounts Receivable |
6.8 |
2.8 |
7.0 |
6.6 |
-1.3 |
|
Inventories |
5.0 |
13.4 |
-1.7 |
-1.3 |
2.8 |
|
Accounts Payable |
-8.5 |
-4.3 |
-11.6 |
0.9 |
0.1 |
|
Accrued Expenses |
0.3 |
-1.5 |
-0.4 |
0.0 |
0.0 |
|
Other Liabilities |
-2.7 |
-1.6 |
-2.3 |
1.9 |
-0.2 |
|
Other Operating Cash Flow |
-35.9 |
-5.3 |
-5.4 |
-7.7 |
-27.7 |
|
Changes in Working Capital |
-35.0 |
3.6 |
-14.3 |
0.3 |
-26.3 |
|
Cash from Operating Activities |
-5.7 |
19.8 |
0.9 |
31.3 |
14.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-7.0 |
-12.1 |
-27.1 |
-8.8 |
-24.7 |
|
Purchase/Acquisition of Intangibles |
-1.0 |
-1.4 |
-2.0 |
-2.6 |
-0.3 |
|
Capital Expenditures |
-8.0 |
-13.5 |
-29.2 |
-11.4 |
-25.0 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.0 |
11.4 |
3.5 |
|
Sale/Maturity of Investment |
0.0 |
0.5 |
2.2 |
1.6 |
9.3 |
|
Purchase of Investments |
-0.9 |
-0.2 |
-12.0 |
-5.5 |
-12.7 |
|
Other Investing Cash Flow |
10.2 |
2.2 |
3.8 |
5.5 |
5.5 |
|
Other Investing Cash Flow Items, Total |
9.4 |
2.5 |
-6.0 |
12.9 |
5.6 |
|
Cash from Investing Activities |
1.4 |
-10.9 |
-35.1 |
1.5 |
-19.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.2 |
-0.1 |
0.0 |
-0.1 |
1.0 |
|
Financing Cash Flow Items |
-0.2 |
-0.1 |
0.0 |
-0.1 |
1.0 |
|
Cash Dividends Paid - Common |
0.0 |
0.0 |
-2.6 |
-2.3 |
-1.1 |
|
Total Cash Dividends Paid |
0.0 |
0.0 |
-2.6 |
-2.3 |
-1.1 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
6.8 |
5.0 |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-6.9 |
-3.3 |
-2.4 |
|
Common Stock, Net |
0.0 |
0.0 |
-0.1 |
1.7 |
-2.4 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
-0.1 |
1.7 |
-2.4 |
|
Short Term Debt, Net |
14.0 |
4.9 |
24.2 |
-23.7 |
35.6 |
|
Long Term Debt Issued |
28.9 |
0.0 |
46.7 |
6.9 |
12.8 |
|
Long Term Debt
Reduction |
-38.9 |
-14.6 |
-40.4 |
-13.7 |
-34.1 |
|
Long Term Debt, Net |
-10.0 |
-14.6 |
6.3 |
-6.8 |
-21.3 |
|
Issuance (Retirement) of Debt, Net |
4.0 |
-9.6 |
30.5 |
-30.6 |
14.3 |
|
Cash from Financing Activities |
3.8 |
-9.8 |
27.8 |
-31.2 |
11.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-0.5 |
-0.9 |
-6.5 |
1.6 |
7.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
29.6 |
28.2 |
32.7 |
26.8 |
19.5 |
|
Net Cash - Ending Balance |
29.0 |
27.3 |
26.2 |
28.5 |
26.5 |
|
Cash Interest Paid |
4.0 |
4.1 |
3.8 |
3.4 |
3.0 |
|
Cash Taxes Paid |
0.9 |
1.1 |
3.2 |
3.7 |
5.6 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Aug-2011 |
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.443027 |
81.970699 |
86.457213 |
87.642536 |
89.960378 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
43.9 |
-9.6 |
16.2 |
8.3 |
6.5 |
|
Depreciation |
8.6 |
4.1 |
17.9 |
13.2 |
8.5 |
|
Depreciation/Depletion |
8.6 |
4.1 |
17.9 |
13.2 |
8.5 |
|
Amortization of Acquisition Costs |
- |
- |
0.1 |
- |
- |
|
Amortization |
- |
- |
0.1 |
- |
- |
|
Unusual Items |
-45.5 |
5.3 |
1.1 |
0.6 |
1.7 |
|
Equity in Net Earnings (Loss) |
- |
- |
-0.3 |
- |
- |
|
Other Non-Cash Items |
0.9 |
0.6 |
-5.7 |
-5.1 |
-4.5 |
|
Non-Cash Items |
-44.6 |
5.9 |
-5.0 |
-4.5 |
-2.8 |
|
Accounts Receivable |
10.5 |
1.5 |
6.8 |
-1.6 |
7.1 |
|
Inventories |
1.4 |
0.4 |
5.0 |
1.3 |
3.2 |
|
Accounts Payable |
-1.7 |
-0.7 |
-8.5 |
1.0 |
-5.3 |
|
Accrued Expenses |
-0.3 |
1.9 |
0.3 |
1.6 |
1.9 |
|
Other Liabilities |
- |
- |
-2.7 |
- |
- |
|
Other Operating Cash Flow |
-10.3 |
-8.9 |
-35.9 |
-32.3 |
-35.1 |
|
Changes in Working Capital |
-0.5 |
-5.8 |
-35.0 |
-30.0 |
-28.2 |
|
Cash from Operating Activities |
7.4 |
-5.3 |
-5.7 |
-13.0 |
-16.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-6.2 |
-0.2 |
-7.0 |
-5.2 |
-3.2 |
|
Purchase/Acquisition of Intangibles |
-0.1 |
0.0 |
-1.0 |
-0.9 |
-0.9 |
|
Capital Expenditures |
-6.3 |
-0.2 |
-8.0 |
-6.1 |
-4.1 |
|
Sale of Business |
1.7 |
- |
- |
- |
- |
|
Sale of Fixed Assets |
74.6 |
- |
0.0 |
0.0 |
0.0 |
|
Sale/Maturity of Investment |
0.3 |
- |
0.0 |
0.0 |
0.0 |
|
Purchase of Investments |
-0.2 |
-0.1 |
-0.9 |
-0.9 |
-0.8 |
|
Other Investing Cash Flow |
-3.3 |
4.8 |
10.2 |
1.6 |
0.0 |
|
Other Investing Cash Flow Items, Total |
73.2 |
4.7 |
9.4 |
0.7 |
-0.8 |
|
Cash from Investing Activities |
66.9 |
4.5 |
1.4 |
-5.4 |
-4.9 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.2 |
-0.1 |
-0.2 |
-0.2 |
-0.1 |
|
Financing Cash Flow Items |
-0.2 |
-0.1 |
-0.2 |
-0.2 |
-0.1 |
|
Cash Dividends Paid - Common |
- |
- |
0.0 |
- |
- |
|
Total Cash Dividends Paid |
- |
- |
0.0 |
- |
- |
|
Sale/Issuance of
Common |
- |
- |
0.0 |
- |
- |
|
Repurchase/Retirement
of Common |
- |
- |
0.0 |
- |
- |
|
Common Stock, Net |
- |
- |
0.0 |
- |
- |
|
Issuance (Retirement) of Stock, Net |
- |
- |
0.0 |
- |
- |
|
Short Term Debt, Net |
-77.8 |
-11.5 |
14.0 |
17.5 |
15.6 |
|
Long Term Debt Issued |
18.6 |
18.3 |
28.9 |
28.5 |
27.8 |
|
Long Term Debt
Reduction |
-14.7 |
-9.3 |
-38.9 |
-27.9 |
-24.2 |
|
Long Term Debt, Net |
4.0 |
9.0 |
-10.0 |
0.6 |
3.5 |
|
Issuance (Retirement) of Debt, Net |
-73.8 |
-2.5 |
4.0 |
18.2 |
19.1 |
|
Cash from Financing Activities |
-74.0 |
-2.6 |
3.8 |
18.0 |
19.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
0.2 |
-3.5 |
-0.5 |
-0.4 |
-1.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
31.2 |
30.6 |
29.6 |
29.2 |
28.4 |
|
Net Cash - Ending Balance |
31.4 |
27.1 |
29.0 |
28.7 |
26.5 |
|
Cash Interest Paid |
1.9 |
0.9 |
4.0 |
2.6 |
2.1 |
|
Cash Taxes Paid |
1.5 |
1.5 |
0.9 |
0.8 |
0.4 |
Annual Income Statement
As reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
|
Total Revenue |
903.2 |
871.4 |
894.9 |
843.9 |
832.9 |
|
|
|
|
|
|
|
|
Cost of Revenues |
660.8 |
640.6 |
652.8 |
612.9 |
605.1 |
|
Direc.
Salary&Bonus |
78.2 |
87.7 |
87.7 |
76.8 |
73.9 |
|
Advertisement |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Bonuses |
8.0 |
7.0 |
9.6 |
9.8 |
9.2 |
|
Res-Bonus
Allowance |
1.4 |
0.9 |
1.9 |
2.4 |
2.4 |
|
Allow.Dir.Retir.Bons |
- |
0.0 |
0.0 |
0.8 |
0.3 |
|
Depreciation |
17.0 |
16.3 |
15.9 |
12.7 |
12.2 |
|
Rent |
22.7 |
25.1 |
25.3 |
22.4 |
23.4 |
|
Other SG&A |
88.2 |
85.2 |
87.2 |
76.8 |
74.5 |
|
SP, Reversal G on
Allowance Doubtful Act |
- |
0.0 |
-0.1 |
-0.3 |
0.0 |
|
SP Shop
Withdrawing Compensation |
- |
- |
- |
0.0 |
-6.4 |
|
SP Rev. store
closure loss |
-1.0 |
0.0 |
-1.1 |
0.0 |
- |
|
SP Stk sale
incoming profit |
0.0 |
-0.2 |
-0.2 |
0.0 |
- |
|
SP Rev. G New
Stock Subscription Right |
-0.6 |
-0.4 |
0.0 |
- |
- |
|
SP Rev,
reemployment support |
-0.2 |
- |
- |
- |
- |
|
SP Other Special
Gains |
-0.3 |
0.0 |
-0.1 |
0.0 |
-0.6 |
|
SP Loss on Retire.
of Fixed Asset |
1.7 |
1.1 |
3.6 |
1.4 |
6.0 |
|
SP Impairment Loss |
0.0 |
0.3 |
2.0 |
1.2 |
6.6 |
|
SP Loss on Change
of Pension Policy |
- |
- |
- |
0.0 |
7.7 |
|
SP Loss on
Reemployment Support Expenses |
- |
- |
- |
0.0 |
16.4 |
|
SP Valuation
Loss-Invest.Sec |
0.2 |
0.2 |
17.1 |
0.0 |
- |
|
SP
Res-Doubt.Acct.Allow |
- |
- |
0.0 |
0.5 |
0.2 |
|
SP L-Valuation
Inventories |
0.0 |
0.4 |
0.0 |
- |
- |
|
SP L on store
reduction |
0.0 |
10.6 |
0.0 |
- |
- |
|
SP Amort.of
development stage expenses |
0.0 |
0.4 |
0.0 |
- |
- |
|
SP Res. L. on gift
certificates recall |
- |
- |
0.0 |
3.4 |
0.0 |
|
SP Res. for L. on
store closing |
0.0 |
1.5 |
0.0 |
1.6 |
0.0 |
|
SP L on
reemployment |
0.0 |
33.7 |
0.0 |
- |
- |
|
SP Products
compensation |
- |
- |
0.0 |
0.2 |
0.0 |
|
SP Provision for
Environment |
0.8 |
- |
- |
- |
- |
|
SP Other Special
Loss |
0.1 |
0.1 |
0.5 |
0.2 |
1.1 |
|
Total Operating
Expense |
886.5 |
921.1 |
913.3 |
834.0 |
843.1 |
|
|
|
|
|
|
|
|
SP Gain Sale Fix.
Asset |
- |
- |
0.0 |
1.2 |
0.1 |
|
SP Gain/Loss on
equity changes(SP) |
- |
- |
- |
0.0 |
0.8 |
|
SP Gain of Sale of
LT Inv't Secs. |
- |
0.0 |
0.8 |
0.3 |
3.8 |
|
SP Loss on Sale of
Fixed Assets |
- |
- |
- |
0.0 |
-3.9 |
|
NOP Interest
Income |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
NOP Dividend
Income |
1.1 |
1.1 |
0.7 |
0.6 |
0.6 |
|
NOP Rent Income |
0.2 |
0.2 |
0.2 |
0.1 |
- |
|
NOP G on
Settlements on Acct Payable |
2.6 |
2.5 |
2.1 |
1.7 |
1.7 |
|
NOP Sponsors
Received |
1.1 |
0.9 |
1.4 |
0.4 |
1.7 |
|
NOP Other Non-op.
Income |
1.2 |
0.7 |
0.8 |
0.7 |
0.8 |
|
NOP Interest
Expense |
-4.1 |
-3.9 |
-3.6 |
-3.4 |
-3.0 |
|
NOP Rev.Loss-Debt.Liquid |
- |
- |
0.0 |
-1.2 |
-1.1 |
|
NOP Prov. for
collection of coupon |
-1.9 |
-2.0 |
-1.1 |
0.0 |
- |
|
NOP Other
Non-op.Expense |
-0.8 |
-0.9 |
-0.4 |
-0.4 |
-0.5 |
|
Net Income
Before Taxes |
16.2 |
-51.2 |
-17.6 |
10.1 |
-9.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.6 |
16.0 |
-0.2 |
6.7 |
-6.5 |
|
Net Income After
Taxes |
15.6 |
-67.2 |
-17.4 |
3.4 |
-2.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.4 |
0.3 |
0.5 |
-2.0 |
|
Net Income
Before Extra. Items |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
Net Income |
15.3 |
-67.7 |
-17.1 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Directors' Bonus |
- |
- |
- |
- |
0.0 |
|
Consoliate Adjust |
- |
- |
- |
- |
0.0 |
|
Adjustment |
-0.1 |
-0.1 |
0.0 |
0.0 |
- |
|
Income Available
to Com Excl ExtraOrd |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl ExtraOrd |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.0 |
52.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Basic EPS Including ExtraOrdinary Item |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
15.2 |
-67.7 |
-17.2 |
3.8 |
-4.5 |
|
Diluted Weighted Average Shares |
53.0 |
53.0 |
53.1 |
53.2 |
52.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
Diluted EPS Including ExtraOrd Items |
0.29 |
-1.28 |
-0.32 |
0.07 |
-0.09 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.02 |
0.04 |
0.02 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1.3 |
2.3 |
1.1 |
|
Normalized
Income Before Taxes |
17.0 |
-3.8 |
4.3 |
17.2 |
25.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.7 |
32.6 |
7.5 |
9.1 |
5.7 |
|
Normalized
Income After Taxes |
16.4 |
-36.4 |
-3.2 |
8.0 |
20.1 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
16.0 |
-36.9 |
-2.9 |
8.5 |
18.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Diluted Normalized EPS |
0.30 |
-0.70 |
-0.05 |
0.16 |
0.34 |
|
Advertising Expense |
9.5 |
10.6 |
11.1 |
11.3 |
11.1 |
|
Interest Expense |
4.1 |
3.9 |
3.6 |
3.4 |
3.0 |
|
Amort of Goodwill |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Rental Expense |
22.7 |
25.1 |
25.3 |
22.4 |
23.4 |
|
Depreciation |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Reported Operating Profit |
17.4 |
-2.0 |
3.3 |
18.0 |
20.9 |
|
Reported Ordinary Profit |
16.9 |
-3.5 |
3.4 |
16.8 |
21.2 |
|
Service Cost |
1.1 |
1.5 |
1.7 |
1.4 |
1.2 |
|
Interest cost |
0.3 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Expected Return on Plan Assets |
-0.2 |
-0.3 |
-0.5 |
-0.5 |
-0.6 |
|
Expense due to Accounting Change |
0.7 |
1.0 |
0.9 |
0.8 |
1.0 |
|
Actuarial Gains & Losses |
0.4 |
0.6 |
0.3 |
0.1 |
0.2 |
|
Prior Service Cost |
0.2 |
0.3 |
0.3 |
0.2 |
0.2 |
|
Domestic Pension Plan Expense |
2.6 |
3.4 |
3.1 |
2.2 |
2.5 |
|
Defined contribution expenses |
1.2 |
1.3 |
1.3 |
1.2 |
0.9 |
|
Total Pension Expense |
3.8 |
4.7 |
4.3 |
3.4 |
3.5 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
Interim Income statement
As reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
31-May-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.970699 |
82.862258 |
82.960806 |
87.922473 |
92.009839 |
|
|
|
|
|
|
|
|
Net sales |
193.1 |
253.1 |
225.0 |
216.9 |
210.6 |
|
Total Revenue |
193.1 |
253.1 |
225.0 |
216.9 |
210.6 |
|
|
|
|
|
|
|
|
Cost of Revenues |
142.3 |
185.5 |
164.7 |
157.1 |
155.3 |
|
Director
Compensation, Payroll & Wages |
19.3 |
20.4 |
20.1 |
19.3 |
18.6 |
|
Provision for
Bonus |
1.7 |
- |
0.4 |
2.8 |
1.9 |
|
Other General
Expenses |
33.4 |
39.9 |
37.8 |
32.8 |
31.7 |
|
SP, Gain Sale of
Major Shareholders Stk. |
- |
0.0 |
- |
- |
0.0 |
|
SP Rev. G New
Stock Subscription Right |
0.0 |
0.0 |
- |
- |
-0.6 |
|
SP, Reversal G on
Allowance Doubtful Act |
- |
- |
0.0 |
- |
- |
|
SP Rev.
loss-reemployee support |
- |
-0.2 |
0.0 |
- |
- |
|
SP Rev. loss-val.
of inv't sec. |
- |
-1.1 |
0.0 |
- |
- |
|
SP, Other Special
Gain |
0.0 |
-1.0 |
- |
0.0 |
-0.3 |
|
SP, Loss on Retire
of Fixed Assets |
0.0 |
0.5 |
0.1 |
1.0 |
0.1 |
|
SP, Impairment
Loss |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP L on adjustment
for changes of accoun |
3.8 |
- |
- |
- |
0.0 |
|
SP,
Val.Loss-Invest.Sec |
1.5 |
- |
0.0 |
1.2 |
0.0 |
|
SP, L-Val.
Inventory |
- |
0.0 |
- |
- |
0.0 |
|
SP Loss related to
store reduction |
- |
0.0 |
0.0 |
- |
- |
|
SP
Amort.-development stage expense |
- |
0.0 |
- |
- |
0.0 |
|
SP, Other Special
Loss |
0.9 |
0.8 |
- |
0.1 |
0.0 |
|
Total Operating
Expense |
202.8 |
244.7 |
223.1 |
214.4 |
206.5 |
|
|
|
|
|
|
|
|
NOP, Interest
Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP, Dividend
Received |
0.3 |
0.1 |
0.0 |
0.6 |
0.3 |
|
NOP G on
Settlements on Accounts Payable |
0.6 |
0.8 |
0.7 |
0.6 |
0.6 |
|
NOP Cooperative
monetary aid received |
0.0 |
- |
- |
- |
0.1 |
|
NOP, Sponsors
Money Rcvd. |
- |
0.3 |
0.6 |
0.2 |
- |
|
NOP, Other
Non-op.Income |
0.4 |
0.1 |
0.3 |
0.3 |
0.4 |
|
NOP, Interest
Expense |
-0.9 |
-1.0 |
-1.0 |
-1.0 |
-1.0 |
|
NOP Prov. for
collection of coupon |
0.0 |
-0.3 |
-0.6 |
-0.6 |
-0.4 |
|
NOP, Other
Non-op.Expense |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.1 |
|
Net Income
Before Taxes |
-9.6 |
8.2 |
1.6 |
2.5 |
4.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.0 |
0.1 |
-0.2 |
0.6 |
0.1 |
|
Net Income After
Taxes |
-9.5 |
8.1 |
1.9 |
1.9 |
3.9 |
|
|
|
|
|
|
|
|
Minority Interests |
0.5 |
-0.7 |
0.4 |
-0.2 |
0.3 |
|
Net Income Before
Extra. Items |
-9.1 |
7.4 |
2.2 |
1.6 |
4.1 |
|
Net Income |
-9.1 |
7.4 |
2.2 |
1.6 |
4.1 |
|
|
|
|
|
|
|
|
Adjustment |
- |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Income Available
to Com Excl ExtraOrd |
-9.1 |
7.3 |
2.3 |
1.6 |
4.1 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl ExtraOrd |
-9.1 |
7.3 |
2.3 |
1.6 |
4.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.17 |
0.14 |
0.04 |
0.03 |
0.08 |
|
Basic EPS Including ExtraOrdinary Item |
-0.17 |
0.14 |
0.04 |
0.03 |
0.08 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-9.1 |
7.3 |
2.3 |
1.6 |
4.1 |
|
Diluted Weighted Average Shares |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.17 |
0.14 |
0.04 |
0.03 |
0.08 |
|
Diluted EPS Including ExtraOrd Items |
-0.17 |
0.14 |
0.04 |
0.03 |
0.08 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized
Income Before Taxes |
-3.4 |
7.2 |
1.7 |
4.8 |
3.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2.1 |
0.1 |
-0.2 |
1.2 |
0.1 |
|
Normalized
Income After Taxes |
-5.5 |
7.1 |
1.9 |
3.7 |
3.1 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
-5.0 |
6.3 |
2.3 |
3.4 |
3.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.09 |
0.12 |
0.04 |
0.06 |
0.06 |
|
Diluted Normalized EPS |
-0.09 |
0.12 |
0.04 |
0.06 |
0.06 |
|
Interest Expense |
0.9 |
1.0 |
1.0 |
1.0 |
1.0 |
|
Depreciation |
4.1 |
4.7 |
4.7 |
4.4 |
4.2 |
|
Reported Operating Profit |
-3.6 |
7.4 |
2.0 |
4.8 |
3.2 |
|
Reported Ordinary Profit |
-3.4 |
7.2 |
1.7 |
4.9 |
3.2 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.93 |
88.865 |
97.845 |
104.105 |
118.485 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash and Deposit |
30.6 |
28.8 |
26.9 |
31.7 |
26.2 |
|
Note&Acct.Rcvbl. |
57.6 |
59.7 |
57.0 |
60.3 |
59.4 |
|
Marketable Sec |
- |
- |
- |
0.0 |
0.1 |
|
Inventories |
- |
- |
- |
44.9 |
38.1 |
|
Merchandise |
30.6 |
31.7 |
42.5 |
- |
- |
|
Raw materials & supplies |
3.9 |
5.1 |
5.1 |
- |
- |
|
Inventories - construc.-in-process |
1.7 |
1.5 |
1.9 |
- |
- |
|
Inventories - business.-in-process |
0.1 |
0.0 |
- |
- |
- |
|
Deferred Income Taxes (Current) |
2.2 |
1.0 |
8.9 |
9.0 |
9.9 |
|
Other Curr.Asset |
10.5 |
11.4 |
9.4 |
10.1 |
10.1 |
|
Allow. Doubtful Account (Current) |
-0.4 |
-0.4 |
-0.3 |
-0.3 |
-0.4 |
|
Total Current Assets |
136.7 |
138.7 |
151.3 |
155.6 |
143.3 |
|
|
|
|
|
|
|
|
Bldg.&Structure |
413.4 |
398.7 |
358.1 |
337.6 |
297.7 |
|
Depreciation-Bldg. & Structure |
-271.3 |
-258.0 |
-225.3 |
-205.6 |
- |
|
Land |
185.9 |
171.3 |
155.6 |
129.3 |
122.9 |
|
Construction-in-Process |
- |
- |
- |
- |
0.0 |
|
Other Fixed Assets |
30.8 |
30.5 |
30.1 |
29.9 |
27.9 |
|
Depreciation-Other Fixed Assets |
-25.0 |
-24.7 |
-23.5 |
-22.0 |
- |
|
Accum. Depreciation |
- |
- |
- |
- |
-195.2 |
|
Leasehold Right |
3.4 |
3.1 |
2.9 |
2.7 |
1.7 |
|
Software Rights |
3.2 |
3.6 |
3.2 |
2.1 |
1.7 |
|
Other Intangible Assets |
1.1 |
1.1 |
1.0 |
2.1 |
1.1 |
|
Long-Term Investment in Secs. |
55.3 |
50.6 |
46.1 |
51.6 |
58.4 |
|
Long-Term Inv. in Secs.-affiliate |
6.0 |
5.3 |
- |
- |
- |
|
LT Loans,Gross |
0.1 |
0.1 |
2.6 |
2.5 |
0.5 |
|
Deferred Income Taxes (Non-Current) |
1.5 |
1.6 |
5.0 |
2.0 |
1.9 |
|
Security Deposit |
20.7 |
29.4 |
29.4 |
31.3 |
30.7 |
|
Other Assets |
6.9 |
8.6 |
13.3 |
16.1 |
25.5 |
|
Allow. Doubtful Accounts (Non-Current) |
-1.0 |
-0.9 |
-0.8 |
-1.5 |
-7.1 |
|
Development stage expenses |
- |
0.0 |
0.4 |
0.5 |
0.0 |
|
Adjustment |
- |
- |
- |
-0.1 |
- |
|
Total Assets |
567.7 |
559.0 |
549.3 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
Trade Accounts & Notes Payable |
74.7 |
77.1 |
74.1 |
80.9 |
70.2 |
|
ST Borrowings |
180.5 |
152.8 |
148.0 |
139.0 |
126.7 |
|
Lease |
0.2 |
0.1 |
0.0 |
- |
- |
|
LT borrowings, Current |
22.7 |
36.1 |
- |
- |
- |
|
Straight Bond (current) |
- |
- |
- |
- |
0.0 |
|
Other accounts payable |
8.3 |
41.7 |
0.0 |
- |
- |
|
Income Tax Payable |
1.8 |
0.6 |
1.0 |
2.1 |
2.7 |
|
Deferred Income Tax |
- |
- |
0.0 |
0.3 |
0.1 |
|
Uncol.Certificat |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Reserve for Bonuses |
1.5 |
1.1 |
2.4 |
2.7 |
2.3 |
|
Reserve for Director Bonus |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Res. for L. on Gift Certificates Recall |
5.1 |
4.7 |
3.8 |
3.8 |
0.0 |
|
Allowance for Point Card |
0.6 |
0.6 |
0.6 |
0.5 |
0.7 |
|
Res. for L. on store reduction |
0.5 |
8.0 |
0.0 |
- |
- |
|
Res. for L. on store closing |
- |
- |
0.0 |
1.8 |
0.0 |
|
Other Curr. Liab |
36.9 |
32.1 |
42.6 |
42.1 |
39.5 |
|
Total Current Liabilities |
351.7 |
375.0 |
292.2 |
293.9 |
258.7 |
|
|
|
|
|
|
|
|
LT Borrowings |
71.9 |
60.8 |
88.0 |
53.3 |
72.1 |
|
Lease |
0.5 |
0.3 |
0.0 |
- |
- |
|
Total Long Term Debt |
72.4 |
61.1 |
88.0 |
53.3 |
72.1 |
|
|
|
|
|
|
|
|
Deferred Tax Liabilities (Non-Current) |
5.8 |
6.0 |
0.1 |
2.7 |
7.6 |
|
Reserve for Retirement Benefits |
2.6 |
2.4 |
2.9 |
2.8 |
2.4 |
|
Res. for L. on store closing |
0.0 |
1.6 |
0.0 |
- |
- |
|
Provision for Environment |
0.7 |
0.0 |
- |
- |
- |
|
Reserve for Officers' Retirement |
- |
- |
0.0 |
5.4 |
5.9 |
|
Deposit Received |
17.8 |
18.7 |
18.4 |
18.3 |
15.5 |
|
Other LT Liabilities |
6.2 |
5.9 |
7.7 |
3.0 |
5.7 |
|
Minor. Interest |
3.5 |
3.0 |
2.5 |
3.2 |
3.3 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Liabilities |
460.7 |
473.7 |
411.9 |
382.6 |
371.3 |
|
|
|
|
|
|
|
|
Common Stock |
87.0 |
80.3 |
72.9 |
68.5 |
60.2 |
|
Capital Surplus |
68.8 |
63.5 |
57.6 |
54.6 |
47.8 |
|
Retained Surplus |
-47.4 |
-58.5 |
11.6 |
30.1 |
24.9 |
|
Treasury Stock |
-5.1 |
-4.7 |
-4.3 |
-4.9 |
-5.8 |
|
Reserve by Val. of Investment Secs. |
4.7 |
4.6 |
0.6 |
1.6 |
12.2 |
|
Unrealized Gain/Loss on Hedge |
-1.3 |
-0.5 |
-2.0 |
0.7 |
0.0 |
|
Stock Subscription |
0.0 |
0.6 |
0.9 |
1.0 |
0.3 |
|
Total Equity |
106.9 |
85.2 |
137.4 |
151.5 |
139.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
567.6 |
559.0 |
549.2 |
534.1 |
510.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
Total Common Shares Outstanding |
53.0 |
53.0 |
53.0 |
53.0 |
52.9 |
|
T/S-Common Stock |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Deferred Revenue - Current |
18.8 |
20.0 |
19.7 |
20.7 |
16.3 |
|
Full-Time Employees |
957 |
1,217 |
1,244 |
1,292 |
1,312 |
|
Number of Common Shareholders |
5,935 |
5,047 |
3,871 |
3,941 |
4,261 |
|
LT Debt & bond due within 1 yr. |
22.7 |
36.1 |
13.9 |
36.4 |
13.4 |
|
LT Debt due within 2 yr. |
24.6 |
17.6 |
32.8 |
7.6 |
32.0 |
|
LT Debt due within 3 yr. |
10.7 |
19.3 |
16.0 |
25.3 |
6.7 |
|
LT Debt due within 4 yr. |
10.7 |
6.5 |
9.3 |
9.5 |
22.3 |
|
LT Debt due within 5 yr. |
25.9 |
6.5 |
14.0 |
11.0 |
8.3 |
|
Thereafter |
0.0 |
11.0 |
15.9 |
0.0 |
2.9 |
|
Total Long Term Debt, Supplemental |
94.6 |
96.9 |
102.0 |
89.7 |
85.5 |
|
Capital Lease Payments Due within 1 Year |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.2 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
- |
- |
- |
|
Total Capital Leases |
0.7 |
0.5 |
- |
- |
- |
|
Pension Obligation |
16.8 |
16.0 |
21.6 |
21.5 |
18.7 |
|
Fair Value of Plan Assets |
5.2 |
5.0 |
9.6 |
13.6 |
14.8 |
|
Funded Status |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Total Funded Status |
-11.7 |
-11.0 |
-12.1 |
-7.9 |
-3.8 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Return on Plan Assets |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
|
Accounting change |
3.9 |
4.3 |
6.5 |
7.0 |
6.9 |
|
Unrecognized Prior Service Cost |
1.1 |
1.2 |
1.9 |
2.0 |
2.0 |
|
Unrecognized Actuarial Gains & Losses |
4.9 |
4.9 |
7.2 |
3.6 |
0.1 |
|
Prepaid Pension Benefit |
0.9 |
1.8 |
6.3 |
7.5 |
7.6 |
|
Accrued Pension Benefit |
-2.6 |
-2.4 |
-2.9 |
-2.8 |
-2.4 |
|
Net Assets Recognized on Balance Sheet |
8.1 |
9.9 |
19.0 |
17.2 |
14.2 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
31-May-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
81.24 |
81.93 |
83.77 |
83.97 |
91.035 |
|
|
|
|
|
|
|
|
Cash and Deposit |
27.4 |
30.6 |
30.1 |
28.4 |
25.1 |
|
Note&Acct.Receivable |
56.5 |
57.6 |
65.0 |
55.6 |
61.8 |
|
Inventories |
- |
- |
- |
- |
36.3 |
|
Merchandise |
31.4 |
30.6 |
32.8 |
31.0 |
- |
|
Raw materials
& supplies |
3.8 |
3.9 |
4.2 |
4.4 |
- |
|
Inventories -
construc.-in-process |
0.9 |
1.7 |
1.7 |
1.7 |
- |
|
Inventories -
business.-in-process |
0.0 |
0.1 |
0.5 |
0.0 |
- |
|
Other |
13.8 |
12.7 |
13.5 |
13.4 |
11.8 |
|
Allowance for
doubtful accounts |
-0.3 |
-0.4 |
-0.5 |
-0.5 |
-0.4 |
|
Total Current
Assets |
133.5 |
136.7 |
147.3 |
134.1 |
134.7 |
|
|
|
|
|
|
|
|
Building&Structure |
140.4 |
142.1 |
142.2 |
143.8 |
134.7 |
|
Land |
187.4 |
185.9 |
181.8 |
181.3 |
167.3 |
|
Other
PPE |
5.5 |
5.8 |
6.0 |
6.1 |
5.6 |
|
Intangible
Assets |
7.5 |
7.7 |
8.0 |
8.3 |
7.7 |
|
LT Investment in
Securities |
52.4 |
61.3 |
57.6 |
55.9 |
54.5 |
|
Other |
29.5 |
29.2 |
36.9 |
40.3 |
37.8 |
|
Allowance for
doubtful accounts |
-1.1 |
-1.0 |
-1.0 |
-0.9 |
-0.8 |
|
Adjustment |
- |
0.0 |
- |
0.0 |
- |
|
Total Assets |
555.2 |
567.6 |
578.8 |
569.0 |
541.4 |
|
|
|
|
|
|
|
|
Trade Accounts
& Notes Payable |
74.7 |
74.7 |
82.9 |
75.9 |
80.2 |
|
ST Borrowings |
186.7 |
180.5 |
208.7 |
206.6 |
204.1 |
|
Lease |
- |
0.2 |
- |
- |
- |
|
LT borrowings,
Current |
- |
22.7 |
- |
- |
- |
|
Income Tax
Payables |
0.6 |
1.8 |
0.7 |
1.5 |
0.3 |
|
Reserve for
Bonuses |
3.5 |
1.5 |
2.9 |
3.3 |
3.0 |
|
Reserve for
collection of coupon |
4.7 |
5.1 |
5.3 |
5.1 |
4.5 |
|
Allowance for
Point Card |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Provision for L
related to store reduce |
0.5 |
0.5 |
1.1 |
2.6 |
6.8 |
|
Allowance for
store closing loss |
- |
- |
1.7 |
1.7 |
1.6 |
|
Other Curr. Liab |
66.1 |
63.9 |
66.9 |
64.1 |
58.2 |
|
Total Current
Liabilities |
337.2 |
351.7 |
370.8 |
361.4 |
359.2 |
|
|
|
|
|
|
|
|
Long Term
Borrowings |
88.3 |
71.9 |
75.3 |
78.2 |
61.9 |
|
Lease |
- |
0.5 |
- |
- |
- |
|
Total Long Term
Debt |
88.3 |
72.4 |
75.3 |
78.2 |
61.9 |
|
|
|
|
|
|
|
|
Deferred Tax
Liabilities (Non-Current) |
- |
5.8 |
- |
- |
- |
|
Reserve for
Retirement Benefits |
2.7 |
2.6 |
2.7 |
2.6 |
2.4 |
|
Reserve for loss
on store closing |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for
environmental measures |
0.2 |
- |
- |
- |
- |
|
Other LT
Liabilities |
31.1 |
24.7 |
30.9 |
31.9 |
30.0 |
|
Minority Interest |
3.1 |
3.5 |
2.8 |
3.1 |
2.6 |
|
Total
Liabilities |
462.7 |
460.7 |
482.3 |
477.3 |
456.1 |
|
|
|
|
|
|
|
|
Common Stock |
87.8 |
87.0 |
85.1 |
84.9 |
78.3 |
|
Capital Surplus |
69.4 |
68.8 |
67.3 |
67.2 |
61.9 |
|
Retained Surplus |
-56.9 |
-47.4 |
-53.6 |
-55.7 |
-52.9 |
|
Treasury Stock |
-5.1 |
-5.1 |
-5.0 |
-5.0 |
-4.6 |
|
Reserve by Val. of
Investment Sec. |
-2.1 |
4.7 |
3.6 |
2.2 |
3.7 |
|
Unrealized
Gain/Loss on Hedge |
-0.6 |
-1.3 |
-1.1 |
-1.9 |
-1.2 |
|
Stock Subscription |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Equity |
92.5 |
106.9 |
96.5 |
91.8 |
85.3 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders' Equity |
555.2 |
567.6 |
578.8 |
569.1 |
541.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
|
Total Common
Shares Outstanding |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
|
T/S-Common Stock |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Full-Time Employees |
950 |
957 |
966 |
974 |
975 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-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) |
86.457213 |
93.524123 |
100.786079 |
115.64846 |
116.936721 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Yusei Audit
Corporation |
Yusei Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
16.2 |
-51.2 |
-17.6 |
10.0 |
-9.0 |
|
Depreciation |
17.9 |
17.2 |
16.8 |
13.5 |
13.1 |
|
Amort. of Goodwill |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Doubtful Account |
0.1 |
0.0 |
-0.7 |
-0.2 |
0.0 |
|
Bonus Allowances |
0.3 |
-1.4 |
-0.5 |
0.0 |
-0.1 |
|
Allowance for
Director Bonus |
0.0 |
-0.1 |
0.0 |
0.0 |
0.1 |
|
Res-Accr.Retire
Bft. |
0.1 |
-0.8 |
-0.1 |
0.0 |
-0.7 |
|
Allow.Dir.Retir.Bons |
- |
0.0 |
-5.6 |
-1.1 |
-0.6 |
|
Res. for L. on
Gift Certificates Recall |
0.1 |
0.4 |
-0.3 |
3.4 |
0.0 |
|
Allowance for
Point Card |
0.0 |
0.0 |
0.0 |
-0.2 |
0.1 |
|
Res. for L. on
store closing |
-1.7 |
1.5 |
-1.8 |
1.6 |
0.0 |
|
Res. for L. on
store reduction |
-7.8 |
0.0 |
- |
- |
- |
|
SP Provision for
Environment |
0.7 |
0.0 |
- |
- |
- |
|
Int. and Div.
Income |
-1.2 |
-1.1 |
-0.8 |
-0.7 |
-0.7 |
|
Interest Expense |
4.1 |
3.9 |
3.6 |
3.4 |
3.0 |
|
G&L-Equity
Method |
-0.3 |
0.0 |
-0.2 |
-0.1 |
-0.2 |
|
Gains on equity
changes |
- |
- |
- |
0.0 |
-0.8 |
|
Val.Loss-Invest.Sec |
0.2 |
0.2 |
17.1 |
0.0 |
- |
|
Loss on Sale -
Invest.Sec |
0.0 |
0.0 |
-0.8 |
-0.3 |
-3.8 |
|
Loss related to
store reduction |
0.0 |
10.6 |
0.0 |
- |
- |
|
Retire-Fixed Asset |
1.7 |
1.1 |
3.6 |
1.4 |
6.0 |
|
Sale - Fixed
Assets |
- |
0.0 |
0.0 |
-1.2 |
3.7 |
|
Impairment Loss |
0.0 |
0.3 |
2.0 |
1.2 |
6.6 |
|
Amort.-development
stage expense |
0.0 |
0.4 |
0.0 |
- |
- |
|
Rev. New Stock
Subscription Right |
-0.6 |
-0.4 |
0.0 |
- |
- |
|
L on reemployment |
0.0 |
33.7 |
0.0 |
- |
- |
|
Rev. L on
reemployment |
-0.2 |
0.0 |
- |
- |
- |
|
G/L on valuation
of inventories |
0.0 |
0.4 |
0.0 |
- |
- |
|
Exchange
gains/losses |
0.0 |
0.0 |
0.0 |
- |
- |
|
Loss on Change of
Pension Policy |
- |
- |
- |
0.0 |
7.7 |
|
Loss on Reemployment
Support |
- |
- |
- |
0.0 |
16.4 |
|
Account Receivable |
6.8 |
2.8 |
7.0 |
6.6 |
-1.3 |
|
Inventories |
5.0 |
13.4 |
-1.7 |
-1.3 |
2.8 |
|
Account Payable |
-8.5 |
-4.3 |
-11.6 |
0.9 |
0.1 |
|
Uncolle.Certificates |
-2.7 |
-1.6 |
-2.3 |
1.9 |
-0.2 |
|
Other
Opera.Activity |
1.4 |
1.3 |
3.7 |
1.8 |
3.8 |
|
Int. and Div.
Rcvd. |
1.2 |
1.2 |
0.8 |
0.7 |
0.7 |
|
Interest Paid |
-4.0 |
-4.1 |
-3.8 |
-3.4 |
-3.0 |
|
Pension Fund
Policy Change Expense Paid |
0.0 |
-2.6 |
-2.9 |
-3.1 |
-12.8 |
|
Reemployment
Suport Expense Paid |
-33.6 |
0.0 |
- |
0.0 |
-10.8 |
|
Taxes Paid |
-0.9 |
-1.1 |
-3.2 |
-3.7 |
-5.6 |
|
Adjustment |
- |
- |
0.0 |
- |
0.0 |
|
Cash from
Operating Activities |
-5.7 |
19.8 |
0.9 |
31.3 |
14.6 |
|
|
|
|
|
|
|
|
Capital
Expenditure |
-7.0 |
-12.1 |
-27.1 |
-8.8 |
-24.7 |
|
Sale-Fixed Assets |
0.0 |
0.0 |
0.0 |
11.4 |
3.5 |
|
Purch-Intang.Assets |
-1.0 |
-1.4 |
-2.0 |
-2.6 |
-0.3 |
|
Purch-Invest.Sec |
-0.9 |
-0.2 |
-12.0 |
-5.5 |
-12.2 |
|
Sale-Invest.Sec |
0.0 |
0.5 |
2.2 |
1.6 |
9.3 |
|
Purchase of
Subsidiary Stock |
- |
- |
- |
0.0 |
-0.5 |
|
Loan Extended |
0.0 |
0.0 |
0.0 |
-3.3 |
-0.3 |
|
Loan Recovered |
0.4 |
0.2 |
0.1 |
5.5 |
0.6 |
|
Guaranteed
deposits, net |
10.5 |
0.0 |
- |
- |
- |
|
Other Inv.
Activity |
-0.6 |
2.1 |
3.8 |
3.2 |
5.2 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from
Investing Activities |
1.4 |
-10.9 |
-35.1 |
1.5 |
-19.4 |
|
|
|
|
|
|
|
|
ST Borrowing, Net |
14.0 |
4.9 |
24.2 |
-23.7 |
35.6 |
|
Proceed-LT Debt |
28.9 |
0.0 |
46.7 |
6.9 |
12.8 |
|
Repaid-LT Debt |
-38.9 |
-14.6 |
-40.4 |
-13.7 |
-8.4 |
|
Redemp-Conv.Bond |
- |
- |
- |
0.0 |
-25.7 |
|
Dividend Paid |
0.0 |
0.0 |
-2.6 |
-2.3 |
-1.1 |
|
Div.Paid to
Minority |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Stock Issued to
Minority Interest |
- |
- |
- |
0.0 |
1.0 |
|
Purchase of
Treasury Stock |
0.0 |
0.0 |
-6.9 |
-3.3 |
-2.4 |
|
Slae of Treasury
Stock |
0.0 |
0.0 |
6.8 |
5.0 |
0.0 |
|
Other
Finan.Activity |
-0.2 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Cash from
Financing Activities |
3.8 |
-9.8 |
27.8 |
-31.2 |
11.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Change in
Cash |
-0.5 |
-0.9 |
-6.5 |
1.6 |
7.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
29.6 |
28.2 |
32.7 |
26.8 |
19.5 |
|
Net Cash - Ending Balance |
29.0 |
27.3 |
26.2 |
28.5 |
26.5 |
|
Cash Interest Paid |
4.0 |
4.1 |
3.8 |
3.4 |
3.0 |
|
Cash Taxes Paid |
0.9 |
1.1 |
3.2 |
3.7 |
5.6 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
31-May-2010 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.970699 |
86.457213 |
87.642536 |
89.960378 |
92.009839 |
|
|
|
|
|
|
|
|
Income Before Tax |
-9.6 |
16.2 |
8.3 |
6.5 |
4.0 |
|
Depreciation |
4.1 |
17.9 |
13.2 |
8.5 |
4.2 |
|
Amort. of Goodwill |
- |
0.1 |
- |
- |
- |
|
Allow. Doubtful
Account |
- |
0.1 |
- |
- |
- |
|
Reserve for
Bonuses |
1.9 |
0.3 |
1.6 |
1.9 |
1.8 |
|
Loss related to
store reduction |
0.0 |
0.0 |
0.0 |
- |
-1.0 |
|
Reserve for
Director Bonus |
- |
0.0 |
- |
- |
- |
|
Res-Retire Allow
Bft |
- |
0.1 |
- |
- |
- |
|
Res. for L. on
Gift Certificates Recall |
- |
0.1 |
- |
- |
- |
|
Allowance for
Point Card |
- |
0.0 |
- |
- |
- |
|
Res. for L. on
store closing |
- |
-1.7 |
-7.1 |
-5.5 |
- |
|
Res. for L. on
store reduction |
- |
-7.8 |
- |
- |
- |
|
SP Provision for
Environment |
- |
0.7 |
- |
- |
- |
|
Int. and Dividends
Rcvd. |
-0.3 |
-1.2 |
-1.0 |
-1.0 |
-0.3 |
|
Interest Expense |
0.9 |
4.1 |
3.0 |
2.0 |
1.0 |
|
G&L-Equity
Method |
- |
-0.3 |
- |
- |
- |
|
Gain on Sale of LT
Investment in Secs. |
- |
0.0 |
- |
- |
- |
|
G/L on Retire. of
Fixed Assets |
0.0 |
1.7 |
1.3 |
1.1 |
0.1 |
|
Val.G/L-Invest.Sec |
1.5 |
0.2 |
- |
1.2 |
0.0 |
|
Amort.-development
stage expense |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Impairment Loss |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rev. New Stock
Subscription Right |
0.0 |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
|
Loss on adjustment
for changes of accoun |
3.8 |
- |
- |
- |
0.0 |
|
G/L on valuation
of inventories |
- |
0.0 |
- |
- |
- |
|
Exchange
gains/losses |
- |
0.0 |
- |
- |
- |
|
Reemployment
Support Related Expense |
- |
0.0 |
- |
- |
- |
|
Rev. L on
reemployment |
- |
-0.2 |
- |
- |
- |
|
Account Receivable |
1.5 |
6.8 |
-1.6 |
7.1 |
-3.5 |
|
Inventories |
0.4 |
5.0 |
1.3 |
3.2 |
1.0 |
|
Account Payable |
-0.7 |
-8.5 |
1.0 |
-5.3 |
4.9 |
|
Uncolle.Certificates |
- |
-2.7 |
- |
- |
- |
|
Other, net |
-6.8 |
1.4 |
3.2 |
-1.5 |
-2.1 |
|
Int. and Div.
Rcvd. |
0.3 |
1.2 |
1.1 |
1.0 |
0.3 |
|
Interest Paid |
-0.9 |
-4.0 |
-2.6 |
-2.1 |
-0.5 |
|
Change of
Retirement Benefit Policy Paid |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Reemployment
Subsidy Paid |
0.0 |
-33.6 |
-33.2 |
-32.2 |
-31.3 |
|
Taxes Paid |
-1.5 |
-0.9 |
-0.8 |
-0.4 |
-0.5 |
|
Cash from
Operating Activities |
-5.3 |
-5.7 |
-13.0 |
-16.0 |
-22.6 |
|
|
|
|
|
|
|
|
Capital
Expenditure |
-0.2 |
-7.0 |
-5.2 |
-3.2 |
-1.1 |
|
Sale-Fixed Assets |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Purch-Intang.Assets |
0.0 |
-1.0 |
-0.9 |
-0.9 |
-0.4 |
|
Purch LT Invest.
in Sec |
-0.1 |
-0.9 |
-0.9 |
-0.8 |
-0.8 |
|
Sale of LT Invest.
in Sec |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loan
Made-Affiliates |
- |
0.0 |
- |
- |
- |
|
Loan
Collected-Affiliates |
- |
0.4 |
- |
- |
- |
|
Guaranteed
deposits, net |
- |
10.5 |
- |
- |
- |
|
Other, net |
1.2 |
-0.6 |
1.6 |
0.0 |
0.1 |
|
Proceeds from
earnest related sales of p |
3.6 |
- |
- |
- |
0.0 |
|
Cash from
Investing Activities |
4.5 |
1.4 |
-5.4 |
-4.9 |
-2.2 |
|
|
|
|
|
|
|
|
ST Borrowing, Net |
-11.5 |
14.0 |
17.5 |
15.6 |
14.0 |
|
LT Debts, Issued |
18.3 |
28.9 |
28.5 |
27.8 |
10.9 |
|
LT Debts, Repaid |
-9.3 |
-38.9 |
-27.9 |
-24.2 |
-2.9 |
|
Dividend Paid |
- |
0.0 |
- |
- |
- |
|
Div.Paid to
Minority Interest |
- |
0.0 |
- |
- |
- |
|
Treasury Stock
Purchased |
- |
0.0 |
- |
- |
- |
|
Treasury stock
sold |
- |
0.0 |
- |
- |
- |
|
Other, net |
-0.1 |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
|
Cash from
Financing Activities |
-2.6 |
3.8 |
18.0 |
19.0 |
21.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Change in
Cash |
-3.5 |
-0.5 |
-0.4 |
-1.9 |
-2.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
30.6 |
29.6 |
29.2 |
28.4 |
27.8 |
|
Net Cash - Ending Balance |
27.1 |
29.0 |
28.7 |
26.5 |
24.9 |
|
Cash Interest Paid |
0.9 |
4.0 |
2.6 |
2.1 |
0.5 |
|
Cash Taxes Paid |
1.5 |
0.9 |
0.8 |
0.4 |
0.5 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.25 |
|
UK Pound |
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.69.83 |
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.