MIRA INFORM REPORT

 

 

Report Date :           

06.09.2011

 

IDENTIFICATION DETAILS

 

Name :

ROLAND CORPORATION

 

 

Registered Office :

2036-1 Nakagawa, Hosoe-cho, Hamamatsu-shi, 431-1304

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

18.04.1972

 

 

Legal Form :

Public Parent Company

 

 

Line of Business :

Development, Manufacture and Sale of electronic musical instruments and computer peripheral products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

---

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

A1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

Company name & address 

 

Roland Corporation

2036-1 Nakagawa

Hosoe-cho

Hamamatsu-shi, 431-1304

Japan

Tel:       81-53-5230230

Fax:      81 53 523-0008

Web:    www.roland.co.jp

           

 

Synthesis

 

Employees:                  3,115

Company Type:            Public Parent

Corporate Family:          6 Companies

Traded:                         Osaka Stock Exchange: 7944

Incorporation Date:         18-Apr-1972

Auditor:                        Deloitte & Touche LLP   

Financials in:                 USD (Millions)

 

 

Synthesis

 

Fiscal Year End:            31-Mar-2011

Reporting Currency:       Japanese Yen

Annual Sales:                913.4  1

Net Income:                   (8.1)

Total Assets:                 954.6  2

Market Value:                200.3

(26-Aug-2011)

 

 

Business Description     

 

Roland Corporation is a company mainly engaged in the development, manufacture and sale of electronic musical instruments and computer peripheral products. The Company operates in two business segments. The Electronic Musical Instrument segment is engaged in the development, manufacture and sale of electronic musical instruments, guitar-related electronic instruments, household electronic musical instruments, visual and acoustic equipments and computer music- related equipments, as well as the development, manufacture and sale of electronic pianos, electronic accordions, pipe organs, electronic organs and software used for music production. The Computer Peripheral Equipment segment is involved in the provision of printers, blotters and other work machines. For the three months ended 30 June 2011, Roland Corporation's revenues decreased 6% to Y18.16B. The Company's net income totaled Y771.6M, vs. a loss of Y308.2M. Revenues reflect lower sales mainly from computer music-related equipment business segment. Net income was offset by decreased interest expenses and loss on exchange, the absence of loss on valuation on investment securities, as well as increased gains on sales of fixed asset.

 

Industry 

 

Industry            Recreational Products

ANZSIC 2006:    2599 - Other Manufacturing Not Elsewhere Classified

NACE 2002:      3630 - Manufacture of musical instruments

NAICS 2002:     339992 - Musical Instrument Manufacturing

UK SIC 2003:    3630 - Manufacture of musical instruments

US SIC 1987:    3931 - Musical Instruments

 

           

Key Executives   

 

Name

Title

Hidekazu Tanaka

President, President of Subsidiary, Representative Director

Kimitaka Kondo

Managing Director, Director of RSG Sales

Sumio Yugawa

Director of Technology Development, Director

Hiroshi Kinoshita

Director of Human Resources, Director

Keiji Akamatsu

Executive Officer, Manager of New Development Office

 

 

Significant Developments  

 

Topic

#*

Most Recent Headline

Date

Negative Earnings Pre-Announcement

4

Roland Corporation Announces Consolidated Mid-year and Full-year Outlook for FY 2012; Below Analysts' Estimates; Announces Mid-term and Year-end Dividend Forecasts for FY 2012

10-Jun-2011

Restructuring / Reorganization

1

Roland Corporation to Merge with Wholly Owned Subsidiary

4-Feb-2011

Other Pre-Announcement

1

Roland Corporation Amends Consolidated Mid-year Outlook for FY 2012

5-Aug-2011

Positive Earnings Pre-Announcement

1

Roland Corporation Amends Consolidated Full-year Outlook for FY 2011

28-Apr-2011

Debt Ratings

1

R&I Reaffirms Rating on Roland Corporation at "BBB+"; Rating Outlook Stable

24-Jan-2011

 

* number of significant developments within the last 12 months

 


News   

 

 

Title

Date

Roland Expects 1H Group Net Profit Y400.00M
Nikkei English News (65 Words)

5-Aug-2011

Roland 1Q Grp Net Pft Y771.00M Vs Y308.00M Loss Yr Earlier
Nikkei English News (62 Words)

5-Aug-2011

Roland Lifts 1H Group Net View To Profit Y400.00M
Nikkei English News (62 Words)

5-Aug-2011

Roland Expects 1H Group Net Loss Y400.00M
Nikkei English News (47 Words)

10-Jun-2011

Roland Expects FY Group Net Loss Y500.00M
Nikkei English News (47 Words)

10-Jun-2011

 

 

Financial Summary

             

 

As of 30-Jun-2011

Key Ratios

Company

Industry

Current Ratio (MRQ)

4.70

2.35

Quick Ratio (MRQ)

2.85

1.56

Debt to Equity (MRQ)

0.02

1.67

Sales 5 Year Growth

-2.60

1.23

Net Profit Margin (TTM) %

0.67

6.79

Return on Assets (TTM) %

0.64

6.00

Return on Equity (TTM) %

0.77

12.68


 

Stock Snapshot

             

 

Traded: Osaka Stock Exchange: 7944

 

As of 26-Aug-2011

   Financials in: JPY

Recent Price

602.00

 

EPS

-21.14

52 Week High

1,115.00

 

Price/Sales

0.20

52 Week Low

600.00

 

Dividend Rate

25.00

Avg. Volume (mil)

0.04

 

Price/Earnings

49.01

Market Value (mil)

15,394.59

 

Price/Book

0.30

 

 

 

Beta

1.40

 

Price % Change

Rel S&P 500%

4 Week

-15.33%

-5.78%

13 Week

-28.50%

-21.99%

52 Week

-29.43%

-24.23%

Year to Date

-40.51%

-29.28%

 

1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144

2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88

 

 

Corporate Overview

 

Location

2036-1 Nakagawa

Hosoe-cho

Hamamatsu-shi, 431-1304

Japan

Tel:       81-53-5230230

Fax:      81 53 523-0008

Web:    www.roland.co.jp

           

Quote Symbol - Exchange

7944 - Osaka Stock Exchange

Sales JPY(mil):              78,270.2

Assets JPY(mil):            79,121.1

Employees:                   3,115

Fiscal Year End:            31-Mar-2011

Industry:                        Recreational Products

Incorporation Date:         18-Apr-1972


Company Type:             Public Parent

Quoted Status:              Quoted

 

President, President of

Subsidiary, Representative

Director:                        Hidekazu Tanaka

 

Company Web Links

Financial Information

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Market Data

·         Shareholders

·         Subsidiaries

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2421     -          Computer and Electronic Office Equipment Manufacturing

2429     -          Other Electronic Equipment Manufacturing

2599     -          Other Manufacturing Not Elsewhere Classified

5420     -          Software Publishing

 

NACE 2002 Codes:

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

7221     -          Publishing of software

3002     -          Manufacture of computers and other information processing equipment

3630     -          Manufacture of musical instruments

 

NAICS 2002 Codes:

334119  -          Other Computer Peripheral Equipment Manufacturing

334310  -          Audio and Video Equipment Manufacturing

339992  -          Musical Instrument Manufacturing

511210  -          Software Publishers

 

US SIC 1987:

3577     -          Computer Peripheral Equipment, Not Elsewhere Classified

3651     -          Household Audio and Video Equipment

3931     -          Musical Instruments

7372     -          Prepackaged Software

 

UK SIC 2003:

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

7221     -          Publishing of software

3002     -          Manufacture of computers and other information processing equipment

3630     -          Manufacture of musical instruments

 

Business Description

Roland Corporation is a company mainly engaged in the development, manufacture and sale of electronic musical instruments and computer peripheral products. The Company operates in two business segments. The Electronic Musical Instrument segment is engaged in the development, manufacture and sale of electronic musical instruments, guitar-related electronic instruments, household electronic musical instruments, visual and acoustic equipments and computer music- related equipments, as well as the development, manufacture and sale of electronic pianos, electronic accordions, pipe organs, electronic organs and software used for music production. The Computer Peripheral Equipment segment is involved in the provision of printers, blotters and other work machines. For the three months ended 30 June 2011, Roland Corporation's revenues decreased 6% to Y18.16B. The Company's net income totaled Y771.6M, vs. a loss of Y308.2M. Revenues reflect lower sales mainly from computer music-related equipment business segment. Net income was offset by decreased interest expenses and loss on exchange, the absence of loss on valuation on investment securities, as well as increased gains on sales of fixed asset.

 

More Business Descriptions

·         Manufacture, marketing, import and export of electronic musical instruments, electronic equipment and software

·         Musical Instruments Manufacturing

 

 

Financial Data

Financials in:

JPY(mil)

 

Revenue:

78,270.2

Net Income:

-694.9

Assets:

79,121.1

Long Term Debt:

264.2

 

Total Liabilities:

31,500.0

 

Working Capital:

39.0

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

4.3%

NA

-3.1%

 

 

Market Data

Quote Symbol:

7944

Exchange:

Osaka Stock Exchange

Currency:

JPY

Stock Price:

602.0

Stock Price Date:

08-26-2011

52 Week Price Change %:

-29.4

Market Value (mil):

15,394,590.0

 

SEDOL:

6747516

ISIN:

JP3983400007

 

 

Equity and Dept Distribution:

FY'99-FY'02 WAS were etimated. All 1&3Q WAS were estimated and used as O/S. FY'08 1Q WAS was estimated and used as DWAS & O/S. FY'08 3Q WAS was estimated and used as O/S.

 

Subsidiaries

Company

Percentage Owned

Country

Roland East Europe Hangszer Nagykereskedelmi Egyszemélyes Kft

100%

HUNGARY

Roland Europe SpA

51%

ITALY

 

 

 

 

 

Shareholders

 

 

Major Shareholders

Roland Foundation (9.1%); Company's Trust Stock (6.9%); Ikutaro Kakehashi (5.8%); Taiyo Fund LP (5%)

 

 

 

 

Key Corporate Relationships

Auditor:

Deloitte & Touche LLP

 

Auditor:

Deloitte & Touche LLP

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Roland Corporation

Total Corporate Family Members: 6 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Roland Corporation

Parent

Hamamatsu-shi

Japan

Recreational Products

913.4

3,115

Roland DG Corporation

Subsidiary

Hamamatsu-shi

Japan

Computer Peripherals

365.1

866

Roland Corporation U.S. Division/ Roland MI Division

Subsidiary

Los Angeles, CA

United States

Audio and Video Equipment

 

200

Roland Europe SpA

Subsidiary

Acquaviva Picena, AP

Italy

Recreational Products

1.0

197

Roland DGA Corp

Subsidiary

Irvine, CA

United States

Computer Peripherals

32.5

80

Roland East Europe Hangszer Nagykereskedelmi Egyszemélyes Kft

Subsidiary

Törökbálint

Hungary

Miscellaneous Capital Goods

 

18

 


 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

 

Katsuyoshi Dan

 

Chairman

Chairman

 

John Booth

 

Chairman of Subsidiary, Director

Director/Board Member

 

Reuters Biography (Roland Corporation)

Mr. John Booth has been serving as Director in Roland Corporation, as well as Chairman of the Board in a subsidiary, Roland (U.K.) Ltd., since January 2010. He also used to serve as Director in Kaman Distribution (U.K.) Ltd.

Dennis Hlulihan

 

Director

Director/Board Member

 

 

Yoshihiro Ikegami

 

Executive Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Yoshihiro Ikegami has been serving as Executive Director of Roland Corporation since June 2007. He is also in charge of Production Division. He joined the Company in March 1978. His previous titles include Director of Materials, Director of Production and Executive Officer. He used to serve as President and Director in a subsidiary.

Hiroshi Kinoshita

 

Director of Human Resources, Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Hiroshi Kinoshita has been serving as Director of Human Resources and Director in Roland Corporation since June 2009. He joined the Company in March 1981. His previous title was Executive Officer in the Company.

Kimitaka Kondo                 

 

Managing Director, Director of RSG Sales

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Kimitaka Kondo has been serving as Managing Director and Director of RSG Sales in Roland Corporation, since April 2011. He joined the Company in March 1980. His previous titles include Director of DTMP Sales, Director of DTMP Development, Director of AMP Development and Director of Specialized Machinery Business. He used to serve as President and Representative Director in another company.

Junichi Miki

 

Director of Classic Development, Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Junichi Miki has been serving as Director of Classic Development and Director in Roland Corporation since June 2010. He joined the Company March 1977, and served as Managing Director, Manager of Marketing Planning Office and Executive Officer.

Ichiro Nishizawa

 

Senior Managing Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Ichiro Nishizawa has been serving as Senior Managing Director in Roland Corporation, since June 2005. He joined the Company in July 1987. His previous titles include Director of Sales Operations, Director of Human Resources, Director of General Affairs and Human Resources, Managing Director and Manager of President Office. He used to work for Daiwa Bank.

Katsuaki Sato

 

Independent Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Katsuaki Sato has been serving as Independent Director of Roland Corporation since June 2008. He is also working in Hamamatsu Gakuin University and a economic research institute. He used to work for The Shizuoka Bank, Ltd. and Shizuoka Economic Research Institute Ltd.

Hidekazu Tanaka

 

President, President of Subsidiary, Representative Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Hidekazu Tanaka has been serving as President and Representative Director in Roland Corporation, as well as President and Representative Director in a subsidiary since April 2011. He joined the Company in March 1977. His previous titles include Manager of Rotterdam Office, Director of Overseas Sales and Director of Rogers Sales of the Company. He also used to serve as President and Representative Director in a subsidiary and Roland Engineering Co., Ltd.

Masahiro Tomioka

 

Director

Director/Board Member

 

 

Kazuya Yanase

 

Executive Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Kazuya Yanase has been serving as Executive Director in Roland Corporation since June 2005. He is also in charge of MI Development Division, Technology Division and Quality Assurance Division in the Company. He joined the Company in October 1989. His previous titles include Director of Piano Development, Director of CK Projects and Executive Officer of the Company.

Sumio Yugawa

 

Director of Technology Development, Director

Director/Board Member

 

 

Reuters Biography (Roland Corporation)

Mr. Sumio Yugawa has been serving as Director of Technology Development and Director in Roland Corporation since June 2011. He joined the Company in April 1986. He used to serve as Executive Officer, Director of Group Development, Director of Group & Special Equipment Development, Director of MI Development and Director of Synthesizer Development.

 

Executives

 

Name

Title

Function

 

Hidekazu Tanaka

 

President, President of Subsidiary, Representative Director

President

 

Reuters Biography (Roland Corporation)

Mr. Hidekazu Tanaka has been serving as President and Representative Director in Roland Corporation, as well as President and Representative Director in a subsidiary since April 2011. He joined the Company in March 1977. His previous titles include Manager of Rotterdam Office, Director of Overseas Sales and Director of Rogers Sales of the Company. He also used to serve as President and Representative Director in a subsidiary and Roland Engineering Co., Ltd.

John Booth

 

Chairman of Subsidiary, Director

Division Head Executive

 

 

Reuters Biography (Roland Corporation)

Mr. John Booth has been serving as Director in Roland Corporation, as well as Chairman of the Board in a subsidiary, Roland (U.K.) Ltd., since January 2010. He also used to serve as Director in Kaman Distribution (U.K.) Ltd.

Kimitaka Kondo

 

Managing Director, Director of RSG Sales

Managing Director

 

 

Reuters Biography (Roland Corporation)

Mr. Kimitaka Kondo has been serving as Managing Director and Director of RSG Sales in Roland Corporation, since April 2011. He joined the Company in March 1980. His previous titles include Director of DTMP Sales, Director of DTMP Development, Director of AMP Development and Director of Specialized Machinery Business. He used to serve as President and Representative Director in another company.

Ichiro Nishizawa

 

Senior Managing Director

Managing Director

 

 

Reuters Biography (Roland Corporation)

Mr. Ichiro Nishizawa has been serving as Senior Managing Director in Roland Corporation, since June 2005. He joined the Company in July 1987. His previous titles include Director of Sales Operations, Director of Human Resources, Director of General Affairs and Human Resources, Managing Director and Manager of President Office. He used to work for Daiwa Bank.

Takao Miyamoto

 

Co-Executive Officer

Operations Executive

 

 

Kenya Nakamura

 

Co-Executive Officer

Operations Executive

 

 

Tamotsu Kawai

 

Co-Auditor

Finance Executive

 

 

Hiroshi Ueno

 

Co-Auditor

Finance Executive

 

 

Hiroshi Kinoshita

 

Director of Human Resources, Director

Human Resources Executive

 

 

Reuters Biography (Roland Corporation)

Mr. Hiroshi Kinoshita has been serving as Director of Human Resources and Director in Roland Corporation since June 2009. He joined the Company in March 1981. His previous title was Executive Officer in the Company.

Takahiro Tomita

 

Executive Officer, Director of International Sales

Sales Executive

 

 

Sumio Yugawa

 

Director of Technology Development, Director

Engineering/Technical Executive

 

 

Reuters Biography (Roland Corporation)

Mr. Sumio Yugawa has been serving as Director of Technology Development and Director in Roland Corporation since June 2011. He joined the Company in April 1986. He used to serve as Executive Officer, Director of Group Development, Director of Group & Special Equipment Development, Director of MI Development and Director of Synthesizer Development.

Keiji Akamatsu

 

Executive Officer, Manager of New Development Office

Other

 

 

Toru Itahashi

 

Executive Officer, Director of Sales Operation

Other

 

 

Tetsuji Iyoda

 

Executive Officer, Director of Oversea Prodution

Other

 

 

Akira Matsui

 

Executive Officer, Director of Audio Development

Other

 

 

Makoto Muroi

 

Executive Officer, Director of Video Development

Other

 

 

Masahiro Tone

 

Executive Officer, Director of Organ Development, Manager of Organ Marketing Office

Other

 

 

Reuters Biography (Roland Corporation)

Mr. Masahiro Tone has been serving as Executive Officer, Director of Organ Development and Manager of Organ Marketing Office in Roland Corporation. He joined the Company in March 1985. His previous titles include Director of Organ Development and Director in the Company.

Toshiro Yamabata

 

Executive Officer, Director of Intellectual Asset

Other

 

 

Toru Yamamoto

 

Executive Officer, Director of Materials

Other

 

 




Significant Developments

 

Roland Corporation Amends Consolidated Mid-year Outlook for FY 2012 Aug 05, 2011

 

Roland Corporation announced that it has lowered its consolidated mid-year outlook for revenue from JPY 38,000 million to JPY 37,400 million, but raised the outlook for operating profit from a loss of JPY 1,400 million to a loss of JPY 400 million, ordinary profit from a loss of JPY 1,500 million to a loss of JPY 500 million, net profit from a loss of JPY 400 million to JPY 400 million and earning per share from a loss of JPY 16.82 to JPY 16.82, for the fiscal year ending March 2012. The Company lowered the revenue outlook due to the decreased sales, and raised the profit outlook due to the cost reduction, among others.

 

Roland Corporation Announces Consolidated Mid-year and Full-year Outlook for FY 2012; Below Analysts' Estimates; Announces Mid-term and Year-end Dividend Forecasts for FY 2012 Jun 10, 2011

 

Roland Corporation announced its consolidated mid-year outlook for revenue of JPY 38,000 million, operating profit of a loss of JPY 1,400 million, ordinary profit of a loss of JPY 1,500 million, net profit of a loss of JPY 400 million and earning per share of a loss of JPY 16.82, for the fiscal year ending March 2012. The Company has also announced its consolidated full-year outlook for revenue of JPY 80,000 million, operating profit of JPY 400 million, ordinary profit of a loss of JPY 100 million, net profit of a loss of JPY 500 million and earning per share of a loss of JPY 21.02, for the fiscal year ending March 2012. According to Reuters Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 81,179.50 million and net profit of a loss of JPY 500 million. In addition, the Company has also announced its mid-term dividend forecast of JPY 10 per share and its year-end dividend forecast of JPY 10 per share, below its last fiscal year's dividend payment, for the fiscal year ending March 2012.

 

Roland Corporation Amends Consolidated Full-year Outlook for FY 2011 Apr 28, 2011

 

Roland Corporation announced that it has lowered the consolidated full-year outlook for revenue from JPY 78,400 million to JPY 78,200 million, but has raised the consolidated full-year outlook for revenue from JPY 1,900 million to JPY 2,200 million, ordinary profit from JPY 500 million to JPY 900 million, earning per share (loss) from JPY (800 million) to JPY (700 million) and earning per share (loss) from JPY (33.63) to JPY (29.43) for the fiscal year ended March 31, 2011. The positive outlook for operating profit and ordinary profit is mainly due to better-than-expected sales and decrease of cost.

 

Roland Corporation to Merge with Wholly Owned Subsidiary Feb 04, 2011

 

Roland Corporation announced that it has decided to merge with its wholly owned subsidiary, which engages in the manufacturing of office-oriented echo equipment and image machinery, effective April 1, 2011. After the merger, the subsidiary will be dissolved.

 

Roland Corporation Lowers Consolidated Full-year Outlook for FY Ending March 2011 Feb 04, 2011

 

Roland Corporation announced that it has lowered its consolidated full-year outlook for revenue from JPY 79,400 million to JPY 78,400 million, operating profit from JPY 3,100 million to JPY 1,900 million, ordinary profit from JPY 1,600 million to JPY 500 million, net profit from a loss of JPY 400 million to a loss of JPY 800 million and earning per share from a loss of JPY 16.81 to a loss of JPY 33.63 for the fiscal year ending March 2011.The Company lowered the outlook due to the decreased demands and the increased cost ratio, among others.

 


R&I Reaffirms Rating on Roland Corporation at "BBB+"; Rating Outlook Stable Jan 24, 2011

 

Rating and Investment Information, Inc. announced that it has reaffirmed the rating on Roland Corporation at "BBB+". The rating outlook is stable.

 

Roland Corporation Amends Full-year Consolidated Outlook for FY Ending March 31, 2011 Nov 05, 2010

 

Roland Corporation announced that it has lowered its full-year consolidated outlook for revenue from JPY 81,000 million to JPY 79,400 million, ordinary profit from JPY 2,800 million to JPY 1,600 million, net profit (loss) from JPY 700 million to JPY (400 million) and earning (loss) per share from JPY 29.43 to JPY (16.81), but raised its full-year consolidated outlook for operating profit from JPY 3,000 million to JPY 3,100 million, for the fiscal year ending March 31, 2011. The Company lowered its full-year outlook for revenue, ordinary profit and net profit mainly due to the depreciation of the yen and increased loss on currency exchange, but raised its full-year outlook for operating profit mainly due to the recovered demand.

 

Roland Corporation Amends Consolidated Mid-year Forecast for FY Ending March 31, 2011Oct 29, 2010

 

Roland Corporation announced that it has lowered the consolidated mid-year forecast for revenue from JPY 39,700 million to JPY 39,270 million, ordinary profit from JPY 500 million to JPY 400 million, net profit (loss) from JPY (300 million) to JPY (510 million) and earning (loss) per share from JPY (12.61) to JPY (21.47) but raised the forecast for operating profit from JPY 1,200 million to JPY 1,490 million, for the fiscal year ending March 31, 2011.

 

Roland Expects 1H Group Net Profit Y400.00M

 

Nikkei English News: 05 August 2011

[What follows is the full text of the news story.]

 

Roland Corp. also released the following forecasts:

 

GROUP 1st Half To Year Ending

 

Sep 2011Mar 2012

 

Revenue Y37.40 blnY80.00 bln

 

Operating Profit (400.00) mln 400.00 mln

 

Pretax Profit (500.00) mln (100.00) mln

 

Net Profit 400.00 mln (500.00) mln

 

Per share

 

Earnings 16.82 (21.02)

 

Figures in parentheses are losses.

 

Results are based on Japanese accounting standards.

 


Roland 1Q Grp Net Pft Y771.00M Vs Y308.00M Loss Yr Earlier

 

Nikkei English News: 05 August 2011

[What follows is the full text of the news story.]

 

Roland Corp. (7944.TO)

 

Japan

 

1st Quarter Ended June 30

 

GROUP 2011 2010

 

Revenue Y18.16 blnY19.26 bln

 

Operating Profit (247.00) mln 428.00 mln

 

Pretax Profit (313.00) mln 44.00 mln

 

Net Profit 771.00 mln (308.00) mln

 

Per share

 

Earnings 32.44 (12.96)

 

Figures in parentheses are losses.

 

Results are based on Japanese accounting standards.

 

Roland Lifts 1H Group Net View To Profit Y400.00M

 

Nikkei English News: 05 August 2011

[What follows is the full text of the news story.]

Roland Corp. (7944.TO)

 

GROUP Forecast Prior

 

For 1H To Sep 2011 Forecast

 

Revenue Y37.40 blnY38.00 bln

 

Operating Profit (400.00) mln (1.40) bln

 

Pretax Profit (500.00) mln (1.50) bln

 

Net Profit 400.00 mln (400.00) mln

 

Per share

 

Earnings 16.82 (16.82)

 

Figures in parentheses are losses.

 

Results are based on Japanese accounting standards.

 

Roland Expects 1H Group Net Loss Y400.00M

 

Nikkei English News: 10 June 2011

[What follows is the full text of the news story.]

 

Roland Corp. (7944.TO)

 

GROUP Forecast

 

For 1H To Sep 2011

 

Revenue Y38.00 bln

 

Operating Profit (1.40) bln

 

Pretax Profit (1.50) bln

 

Net Profit (400.00) mln

 

Per share

 

Earnings (16.82)

 

Figures in parentheses are losses.

 

Results are based on Japanese accounting standards.

 

Roland Expects FY Group Net Loss Y500.00M

 

Nikkei English News: 10 June 2011

[What follows is the full text of the news story.]

 

Roland Corp. (7944.TO)

 

GROUP Forecast

 

For Year To Mar 2012

 

Revenue Y80.00 bln

 

Operating Profit 400.00 mln

 

Pretax Profit (100.00) mln

 

Net Profit (500.00) mln

 

Per share

Earnings (21.02)

 

Figures in parentheses are losses.

 

Results are based on Japanese accounting standards.

 

Daisy Rock Girl Guitars Supports Girl Scouts Rock!

 

PR Web: 18 May 2011

[What follows is the full text of the news story.]

 

Los Angeles, CA (PRWEB) May 17, 2011

 

Daisy Rock Girl Guitars, the original girl guitar company, has recently joined forces with Roland Corporation U.S. and Girl Scouts of the USA (GSUSA) to support the Girl Scouts Rock! Powered by Roland initiative. The next interactive event designed to inspire and empower girls through music takes place on May 21st in New York City.

 

Daisy Rock Girl Guitars, who offers a complete line of quality guitars and basses that are specifically designed for girls, is supporting the event through guitar donations for the interactive area, where over 200 Girl Scouts will have the opportunity to hold and play a Daisy Rock guitar. Daisy Rock�s trademark �Slim & Narrow� neck profile is easier for girls with smaller hands to play, and the lightweight bodies are easier and more comfortable for girls to hold. Plus, the guitars look inspiring, and they sound incredible.

 

The partnership gives girls from 8-14 years of age a hands-on experience playing popular music with modern musical instruments; an important opportunity that fewer girls are receiving due to music budget cuts in schools all over the nation. The fun, interactive curriculum co-developed by Roland and GSUSA aims to get girls pumped up about making music and music education.

 

Girl Scouts Rock! Powered by Roland is part of the latest Girl Scout leadership journey, It�s Your Story�Tell It!, which uses creative expression to help girls gain a better understanding of themselves and their potential. During the events, parents and troop leaders have the opportunity to participate in Better Life with Music sessions, where they can learn about the latest research and information regarding the benefits of music education in the lives of their children.

 

�Daisy Rock Girl Guitars is doing whatever it takes to help girls play guitar and enjoy music,� says Tish Ciravolo, Founder and President of Daisy Rock Girl Guitars. �We�re very excited to be working with Roland and the Girl Scouts of the USA to help inspire and empower girls to ROCK and follow their dreams!�

 

For more information on Girl Scouts Rock, visit http://www.RolandUS.com/GirlScoutsRock.

 

For more information about Daisy Rock Girl Guitars, visit daisyrock.com.

 

ABOUT DAISY ROCK GIRL GUITARS

Daisy Rock Girl Guitars is the original girl guitar company dedicated to successfully supplying and marketing professional quality guitars for females of all ages. All Daisy Rock guitars are designed specifically for the female form and feature lightweight bodies, �Slim & Narrow� neck profiles to better fit smaller hands, and are available in inspiring finishes. Daisy Rock Girl Guitars� ongoing mission is to do whatever it takes to help girls play guitar and enjoy music.

 

Daisy Rock Girl Guitars is led by its Founder and President, Tish Ciravolo. Ciravolo is a highly acclaimed expert on female empowerment and females in music. Tish�s expertise has been immortalized by her induction into the Museum of Making Music, the world�s premier museum showcasing the history of the music products industry, and she is widely regarded as a visionary in the industry. Ciravolo�s deep insight into the subject of girl guitars and female empowerment has made her a sought after and frequent contributor on national and international television, newspapers, magazines, websites, and radio programs including People, Time, Newsweek, CNN, ABC, NBC, FOX, VH1, the Premier Radio Network, BBC Radio, and the Associated Press. Daisy Rock Girl Guitars is in over 25 countries worldwide, and is co-owned and distributed by Alfred Music Publishing.

 

ABOUT ROLAND CORPORATION

Roland Corporation is a leading manufacturer and distributor of electronic musical instruments, including keyboards and synthesizers, guitar products, electronic percussion, digital recording equipment, amplifiers, audio processors, and multimedia products. With nearly 40 years of musical instrument development, Roland sets the standard in music technology for the world to follow. For more information, visit http://www.RolandUS.com.

 

ABOUT GIRL SCOUTS OF THE USA

Founded in 1912, Girl Scouts of the USA is the preeminent leadership development organization for girls, with 3.4 million girl and adult members worldwide. Girl Scouts is the leading authority on girls� healthy development, building courage, confidence, and character to make the world a better place. The organization serves girls from every corner of the United States and its territories, as well as American girls and their classmates attending American or international schools overseas in 90 countries. For information on how to join, volunteer, reconnect, or donate to Girl Scouts, call (800) GSUSA 4 U (800-478-7248) or visit http://www.girlscouts.org. To learn more about It�s Your Story � Tell It!, visit http://girlscouts.org/itsyourstory.

 

###

 

Read the full story at http://www.prweb.com/releases/2011/5/prweb8448908.htm

 

SPIRIT DSP Powers Roland Corp's Newly Launched Mobile Audio Recorder with High Quality Audio

 

Business Wire: 16 May 2011

[What follows is the full text of the news story.]

 

SPIRIT's MP3 Audio Encoding Technology Delivers Crystal Clear Audio and Significant Battery-life Savings to Roland's New Portable Consumer Mobile Audio Recording Device

 

MOSCOW--(BUSINESS WIRE)-- SPIRIT DSP, the world's top audio and video over IP engines provider, has announced today that it's MP3 audio codec is enabling high-definition (HD), crystal clear audio and significant battery-life savings to Roland Corporation's newly released portable consumer mobile audio recording devices, the multi-track recorder MICRO BR BR-80. Headquartered in Shizuoka, Japan, Roland Corporation is a leading manufacturer of electronic musical instruments, equipment and software for music-oriented professionals.

 

Launched in early April 2011, Roland's newest MICRO BR BR-80 is small enough to fit in a pocket, but packs a host of features for pro-level music production. It offers two tracks of simultaneous WAV-format recording, eight tracks of playback, and 64 virtual tracks for advanced editing and mixdown. High-quality stereo condenser mics are built in for up to 500 hours of recording time (with optional 32 GB SDHC card) for quickly capturing song ideas and rehearsals. The BR-80 also includes dedicated inputs for connecting a guitar, a microphone, or any stereo line-level device. And powered by SPIRIT's MP3 audio codec, provides music professionals with the highest quality audio coupled with significant battery savings.

 

"Audio quality and battery life are truly the key factors for a success of every music-oriented professional and consumer mobile audio recording device. For us, SPIRIT DSP was the evident #1 choice in terms of highest scores of encoding quality together with ultimate codec's MIPS optimization, both unavailable in any other implementation, said Roland's Recorder Product Design Officer Koichi Mizumoto. "We are extremely pleased to launch our new Multi Track Recorder MICRO BR BR-80 with SPIRIT Audio Engine embedded, which helps Roland to stay several steps ahead of competition."

 

"MP3 audio compression technology is the most important functionality required for a portable audio recording device," said SPIRIT's VP Sales & Marketing Alexander Kravchenko. "SPIRIT's MP3 codec embedded within Roland's new portable audio recording devices offers music professionals a highly optimized, highly functional audio recording device with the superior audio quality and battery savings and we're pleased that Roland turned to us to power their new and innovative MICRO BR BR-80 portable multi-track recorder."

 

Kravchenko continued, �Additionally, this agreement with Roland re-confirms SPIRIT's leadership in HD audio- and video-conferencing. SPIRIT's professional audio equipment OEM customers, such as Roland, Denon & Marantz and Kawai, along with SPIRIT's videoconferencing system vendor customers, like Polycom and Radvision, all recognize the high quality and performance of our audio software."

 

About SPIRIT

SPIRIT DSP is the world's top voice and video over IP engines provider. SPIRIT's innovative carrier-grade voice and video software platform allows carriers, OEMs and software developers to deliver superior quality and integrated voice and video over IP services for telcos, cable and mobile service providers, enterprises, internet portals and social networks. More than 200+ million channels in 80+ countries are based on SPIRIT's platforms. SPIRIT software platforms power popular products from Apple, Adobe, ARM, AT&T, Blizzard, BT, China Mobile, Cisco, Ericsson, HP, HTC, Huawei, Korea Telecom, Kyocera, LG, Microsoft, NEC, Oracle, Polycom, Radvision, Samsung, Skype, Texas Instruments, Toshiba, Veraz, Viber, ZTE, among 250+ others. SPIRIT's direct OEM customers jointly exceed 60 percent of the global smartphone market share. VideoMost.com is the SPIRIT spin-off for multi-point video-web-conferencing service. SeeStorm.com is the SPIRIT spin-off for 3D video software platform. For more information, visit www.spiritdsp.com.

 

HighTech PR, Inc. for SPIRIT DSP

Terry May

321-632-1690

terrymay@Hightechpr.net

 

Girl Scouts Rock! Powered by Roland Rolls into Chicago & NYC

Special Disney Star Performance and Workshop Empowers Girls Through Music

 

PR Newswire US: 13 May 2011

[What follows is the full text of the news story.]

 

LOS ANGELES, May 13, 2011 /PRNewswire/ --Roland Corporation U.S. and Girl Scouts of the USA have announced a Chicago stop on Saturday, May 14 and a New York City stop on May 21st, in conjunction with the national tour of the new Girl Scouts Rock! Initiative, which includes workshops designed to inspire and empower girls through music.

 

To view the multimedia assets associated with this release, go to: http://multivu.prnewswire.com/mnr/girlscoutsrock/46002/

 

(Photo: http://photos.prnewswire.com/prnh/20110513/MM00757 )

Girl Scouts Rock! Powered by Roland will reach thousands of Girl Scouts and their parents across the country, delivering the message that you can have a "Better Life with Music." The fun, interactive curriculum co-developed by Roland and Girl Scouts of the USA gets girls pumped up about making music and music education. Girl Scouts Rock! is designed to provide girls ages 8-14 with a hands-on experience playing popular music, an opportunity fewer girls are receiving due to school music budget cuts.

 

At each workshop, Roland is bringing the Rockin' Roland Girls Band for an electric performance of popular songs to introduce girls to their inner musician and to the instruments they play. Former Girl Scout and Disney star Shelby Spalione, previous lead singer of the all-girl teen rock band KSM, will also be on hand to sing with the Rockin� Roland Girl�s Band. Spalione, 17, who opened for the Jonas Brothers and Demi Lovato last year as lead singer of KSM, is currently working on a solo project.

 

Girls will then be led into break-out sessions featuring activities utilizing Roland's Lucina AX-09 Shoulder Synthesizer,HD-1 V-Drums� Lite, Rock Band 3, an interactive instrument display, and karaoke station. The curriculum is based on the latest Girl Scout leadership journey It's Your Story �Tell It!, which uses a storytelling theme in fun and relevant ways to help girls understand themselves and their potential. �Building a strong sense of self is an underlying goal of the series, which was made possible by a generous grant from Dove. Roland will also conduct "Better Life with Music" sessions for interested parents and troop leaders, presenting the latest research and information regarding the benefits of music education in the lives of their children.

 

Post-workshop tools will be available at www.rolandus.com/girlscoutsrock so that councils across the country can access and re-create Girl Scouts Rock! in their own communities. Roland will serve as a liaison between local Girl Scout councils connecting music retailers and teachers to help provide access to instruments and instruction. Best Buy is showing their support of the program by offering four complimentary music lessons and product discounts to every Girl Scout in attendance at the Chicago and New York workshops.

 

Roland FY Group Net Loss Y694.00M Vs Y2.09B Loss Yr Earlier

 

Nikkei English News: 11 May 2011

[What follows is the full text of the news story.]

Roland Corp. (7944.TO)

 

Japan

 

Year Ended March 31

 

Group 2011 2010

 

Revenue Y78.27 blnY75.03 bln

 

Operating Profit 2.27 bln (813.00) mln

 

Pretax Profit 909.00 mln (541.00) mln

 

Net Profit (694.00) mln (2.09) bln

 

Per share

 

Earnings (29.21) (83.99)

 

Figures in parentheses are losses.

 

Results are based on Japanese accounting standards.

 

Roland Sees Smaller FY Group Net Loss Y700.00M

 

Nikkei English News: 28 April 2011

[What follows is the full text of the news story.]

Roland Corp. (7944.TO)

 

GROUP Forecast Prior

 

For Year To Mar 2011 Forecast

 

Revenue Y78.20 blnY78.40 bln

 

Operating Profit 2.20 bln 1.90 bln

 

Pretax Profit 900.00 mln 500.00 mln

 

Net Profit (700.00) mln (800.00) mln

 

Per share

 

Earnings (29.43) (33.63)

 

Figures in parentheses are losses.

 

Results are based on Japanese accounting standards.

 

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary:

http://www.djnewsplus.com/access/al?rnd=a11FHb%2BsXU%2BcrtQ1qlZCww%3D%3D. You can use this link on the day this article is published and the following day.

 

Singing in the Dark Times

The Indian Express (New Delhi, India)

27 August 2011

By Amulya Gopalakrishnan

 

[What follows is the full text of the article.]

 

"Lokpal, lokpal, pass karo Jan Lokpal", "Bharat hai humko jaan se pyaara, I love my country-ee". The Lokpal anthem is jaunty and self-assured, and it is also cliched and cringe-making.

 

To those belting it out in Ramlila Maidan, though, it must seem entirely different. To feel in solidarity with strangers and sing beside them is a pretty intoxicating sensation. Even the most jaded, disabused person has known the sense of being lifted by an anthem.

 

It doesn't matter whether you are genuinely persuaded by the cause. These songs are meant to hypnotise you, at least for a bit. Everything makes simple, blazing sense. Music can worm its way through your sophisticated defences, which is why it is such a powerful weapon of defiance and propaganda.

And it tends to produce belief without knowledge.

 

I used to be moved, in a shallow and indiscriminate way, by any kind of message music - from national anthems to Communist rallying songs, from military marching music to anti-war protest songs, even sports anthems.

 

As a child, I loved the rhythm and words of Rule Britannia just as I liked Balikudeerangale, a Kerala People's Arts Club song.

 

Songs that spur and exhort are meant to make situations bearable, and inure people to immediate pain for the larger glory. Chivalric ballads, like the famous Song of Roland, told soldiers of heroism and duty, and reminded them of great warriors before them. (They still serve the same purpose in movies like Lakshya or Border.)

 

Same way, Soviet "tractor musicals" mixed song and dance with revolutionary pieties. They were about happily subordinating yourself to the collective goal, about the joys of hard labour. In Grigori Aleksandrov's film The Bright Path (1940), workers sing, "Whether you work a machine or break through rocks/ A wonderful dream reveals itself and calls you forward". In Britain, music hall songs egged boys to battle for the Boer wars and the First World War. (These songs also traded in crude racial stereotypes to attack the Axis forces, with songs like The Jap and the Wop and the Hun.)

 

All successful movements need a memorable song, all flag-flappers need a soundtrack. The French Revolution had its Marseillaise, the revolutionary socialists had the Internationale and the Red Flag, the Fascists had their Giovinezza. Yankee Doodle was first used by the British army to mock the ragtag American redcoats. But the colonials coopted it and sang it back to them as an upbeat victory jingle, a "nyah nyah-nyah, nyah nyah" taunt. As the British officer, Thomas Anburey, wrote in his diary, "Yankee Doodle is now their paean, a favourite of favourites, played in their army, esteemed as warlike as the Grenadier's March.... it was not a little mortifying to hear them play this tune, when their army marched down to our surrender."

 

Through IPTA-influenced Bombay cinema and Doordarshan's social programming, some of these "ek duje ke saath chalein" songs have seeped into our cultural cortex. And after years of the same thing, the vocabulary seems to crust over, the images are so familiar that you cease responding to them. Unlike poetry that makes the world rich and strange, propaganda is meant to reiterate, drum in the same idea over and over again - the reddening dawn, the flaming torches, the fortresses of power.

 

But that's not to say that they lose their power to surprise and galvanise. In one of Nadine Gordimer's novels, Burger's Daughter, there is a moment when Communist slogans are recast by angry young blacks, and the faded battle-cries are given a new and painful spontaneity - "old phrases crack, meaning shakes out wet and new".

 

Think of We Shall Overcome, a civil rights song that has broken free of its origins, and become a vessel for all kinds of aspirations - it has been sung by Irish agitators, during the Velvet Revolution in Prague, in Spain, in Sweden, all over India in many languages. It's even part of the Lokpal anthem.

 

Of course, this stuff is entirely subjective - you may feel uplifted by songs that leave me cold. As George Orwell pointed out, what thrilled many Continentals might often seem embarrassing to someone from the English working class. Personally, I draw the line at those consciousness-raising music videos with movie stars and pop stars holding candles and wearing pious, kind expressions. There's a great 30 Rock episode where those We Are the World-type celebrity concerts for a cause were skewered with the silly medley, Give him a kidney, just one kidney. In fact, songs are best fought with other songs. In the Soviet Union, artists often cut, copied and circulated "unacceptable" tapes. The band Negativland mocked the jingles of cola companies with their album Dispepsi.

 

But for all the energising power of song, the one musical moment that gave me the goosebumps was the Beating Retreat ceremony in Delhi - when right at the end, after the national anthem, Raisina Hill suddenly lit up, to a moment of resonant silence.

 

amulya.gopalakrishnan@expressindia.com

 

Related Companies

Roland Corp [profile]

US Army

 

Related Geographies

Asia

India

 

Cakewalk Releases Music Creator 6

 

Wireless News

09 August 2011

 

[What follows is the full text of the article.]

 

Cakewalk, a developer of products for music creation and recording, announced Music Creator 6, the newest version of its music-making software.

 

According to a release, Music Creator turns a computer into a personal recording studio. It includes instrument sounds and effects to create professional recordings.

 

Music Creator 6 Highlights:

 

-Based on Cakewalk's Sonar X1 professional studio software

 

-Record up to 160 tracks of audio and MIDI (32 audio and 128 MIDI)

 

-Professional 24-bit audio quality

 

-Drag and drop instrument sounds, loops and more (over 4 GBs of content)

 

-Song Construction Kits for backing tracks creation

 

-Hundreds of instruments and over 1,000 professionally recorded music loops (beats, bass, guitars, keyboards, horns, and strings)

 

-Three virtual instruments: Cakewalk Sound Center for access of hundreds of instrument sounds, TTS-1 General MIDI sound module featuring genuine Roland sounds, and Studio Instruments Drums that looks like a real drum kit.

 

-Pro effects include EQ, Reverb, Delay and epic guitar amp tones from IK Multimedia AmpliTube 3 CS guitar amp simulator

 

-Remix tracks and jam with the Matrix View

 

-Create playlists and burn songs or an entire album to audio CD

 

-Upload songs directly to SoundCloud and share using Twitter, Facebook, and other social media sites

 

-Print musical notation scores and lead sheets

 

-Integrated video help created by Groove3, the video tutorial (over 1 hour of video), to get started and provide guidance

 

Create -- Song Construction Kits make it a snap to create great sounding backing tracks and contain over 1,000 professionally recorded instrument parts specifically designed to go together. Mix and match bass, drums, guitar, keyboards, and more for endless possibilities.

 

Record and Edit -- Plug in and experience epic guitar amp tone with IK Multimedia's AmpliTube 3 CS and with a click of a mouse quickly access hundreds of instruments in the Cakewalk Sound Center. And experience the classic genuine Roland sounds built into the TTS-1 synthesizer.

 

Mix -- Control your mix with a studio-quality mixing console, add pro effects like EQ, Reverb, and Delay then adjust the level and balance of each instrument, then master your tracks for a polished, professional sound.

 

Matrix -- Remix and make music in new and innovative ways with the Matrix View. Simply drag a musical loop or phrase to a cell in the Matrix and trigger it with a mouse-click or from your MIDI keyboard. Remix tracks and even jam live with this unique and addictive musical tool.

 

Share with Soundcloud -- Share your music with the world. Upload your finished songs from Music Creator directly to SoundCloud, a free online service for sharing music. Notify family, friends, and fans automatically via Twitter, Facebook, and other popular social media sites.

 

Cakewalk Music Creator 6 is available at select consumer electronics and computer retailers including Best Buy, Target, Office Depot, Office Max, Fry's Electronics, J&R Music and Computer World, Micro Center, Staples, and Amazon.com.

 

Cakewalk is a developer of products for the modern musician.

 

((Comments on this story may be sent to newsdesk@closeupmedia.com))

 

Related Companies

Computer World Services Corp [profile]

Roland Corp [profile]

 

PRO AUDIO EQUIPMENT: Listening Reaches New Dimensions

 

Broadcast & CableSat

15 July 2011

 

[What follows is the full text of the article.]

 

In the current scenario, the professional audio equipment market has achieved a greater sense of stability since the recession period.

 

The professional audio (pro audio) equipment market has been on an upswing since 2009. There has been a visible shift in the market from analog to digital transition. The consumers are demanding the concept of sound quality along with the basic product features in terms of quality, reliability, and ease of operation. The demand for high-quality sound also comes from the introduction of HD technology in all spheres - audio and video.

 

In the current scenario, the pro audio equipment market has achieved a greater sense of stability since the recession period. In 2010-11, a minimal growth was seen in this segment. The total Indian market for pro audio equipment is estimated at Rs. 180 crore in 2010-11, a growth of about 20 percent over last fiscal. The pace at which the pro audio technology is growing is quite rapid and the Indian market has accepted the technology well.

 

Some of the major players in the pro audio industry are Aditya Infotech, Ansata, Audio Plus, Beyerdynamics, Bi-Amp, Bose, Bosch, Cinecita, Cineom, Comcon, Daxco Digital, Electro Dynamics, E&D Systems, Harman Professional India, Hi-Tech Audio Systems, MRH Digital Systems, Real Image Media Technologies, Rivera International, Sennheiser, Sun Infonet, Setron, Trimac, and Yamaha. Harman dominates the Indian market with a 45 percent market share, followed by Yamaha at 25 percent. Sun Infonet and Sennheiser each constitute about 4-5 percent share. Other brands have a combined share of about 22 percent.

 

India is definitely the key focus for several international brands and with continuous development, paradigm shifts are happening across all other industries. Consumers in various segments of the industry are looking at complete solutions and also toward a comprehensive solution provider.

 

The gray market, however, continues to pose a challenge. Products are being copied and sold by the same name as original products at extremely competitive prices. The consumers get confused at the price variations and often opt for the products that cost them less, resulting in a thriving parallel industry. Also, the duty structure is skewed such that these products are often hand carried from overseas. Resellers buy them at a cheaper rate in China, Singapore, Dubai, and Korea and bring them into India and sell them at a price which is lower than the current prevailing price.

 

In 2010-11, a variety of technologically advanced products in the professional audio equipment segment were introduced. Several smartphones and Apple iPad applications were launched to offer a comprehensive and interactive guide for musicians, producers, and recording studios. The present-day consumers are looking for versatile microphones which exactly meet their requirement for quality output and compact size. Besides this, the consumers expect easy and intuitive setup and operation of the equipment. In the field of wireless systems also, a majority of the consumers demand larger bandwidth so as to make the systems more flexible in an even more congested frequency spectrum.

 

The growth seen in the professional audio equipment is a result of not just one but a variety of factors. It is not just one product which is driving demand; it is the entire solution pushing the growth of the market to new heights. One of the factors leading to development in the market is the excellent technical expertise and facilities available for designing the products as per requirement of the consumers. Also, India is an emerging market which has been adaptive to latest technological transitions. The need of the user is easy interface and compact design of the equipment to make it user friendly and to design the equipment in such a way that it suffices for the customers for the next three years. Buyers look for technology which can be upgraded to better versions for future needs.

 

Companies and individuals are ready to pay a premium for the best product suited to their requirements, which in turn reduces their operational expenditure alongwith the time spent in getting the equipment repaired. Mobile phones, tablets, and iPods are the popular tools in hand, which when used correctly can transfer content to mobile or any other format. With HD transmission, one can actually transmit 5.1 audio which gives a boost to professional audio industry. Pro audio and live sound industry can be the next big thing, and with the equations set right at the government level, large infrastructure in terms of exhibition halls, concert theaters, sporting venues, and theme parks need to be built. India as a destination for entertainment and tourism will soon be a reality.

 

Aditya Infotech Ltd.

 

Aditya represents M-Audio, Yamaha, and Audix. Since April 2011, it has moved away from Adam Audio, Apogee Digital, Audix, Rode, Mackie, and EAW.

 

M-Audio offers audio interfaces, microphones, guitar processors, MIDI interfaces, preamps, and sound reinforcement speakers.

 

Although Audix does not have a strong presence in India, globally it is recognized for its dynamic and condenser microphones in the industry. It offers various models including OM-Series, D Series, Micros, i-5, and SCX25A, and recently launched M40 and M70. Audix has also launched a sister product to the Micro-D called the Micro-HP. The Micro-HP has the ability to handle very high sound pressure levels without distortion, to isolate the sound of each instrument in a percussion ensemble, and to minimize gain before feedback for live stage applications.

 

Audio Plus

 

Audio Plus offers a range of world class professional audio equipment. Backed by Ahuja Group of companies, it has a vast dealer network across the country. The company represents various brands including RCF, Wharfedale Pro, and Marshall.

 

RCF offers two-speakers, active subwoofers and two-way passive speakers. The models offered are Art Series, SUB Series, 4PRO Series, and NX Series in speakers and subwoofers and DPS, HPS, and ED Series in amplifiers. Wharfedale Pro offers loudspeakers, studio monitors, amplifiers, mixers, and microphones. Marshall caters for professional amplifiers.

 

Cineom Broadcast

 

Cineom, a broadcast equipment dealer, specializes in system integration. It represents Crown, AMS Neve, Protool, Schoeps, DK Audio, BEL Audio, JBL, and ATC.

 

AMS-Neve

 

AMS-Neve offers analog and digital music consoles (Genesys, 88 RS, 88D, and Custom Series 75), preamps, summing mixers, surround compressors, stereo compressors, and equalizers.

 

Comcon

 

Comcon manufactures audio distribution amplifiers, mixers, converters, headphones, speakers, processors, and recorders. Its products are designed in the IT environment making best of embedded expertise. Comcon represents various brands including Sonifex, Audio Technica, Renegade Labs, Utah Scientific, and Stirlitz.

 

Sonifex has been at the forefront of audio design and manufacture since 1969. As well as designing in-house award-winning products, such as the Courier portable recorder, Sonifex has undertaken a number of projects for other clients globally.

 

Sonifex has excellent technical expertise and facilities for designing and manufacturing bespoke product design services products. State-of-the-art machinery is used and visual and electronic testing is carried out.

 

In India, the products have been widely used and appreciated by the broadcast industry, with the Redbox range and phone in hybrids being the particular favorites. The products are supported with local warranty and support from Comcon. The Sonifex product lineup includes audio distribution amplifiers, audio monitors, converters, microphone amplifiers, headphone distribution amplifiers, and speakers.

 

Audio Technica offers wireless mics, wireless monitors, headphones, mixers, and accessories.

 

Utah Scientific offers routing switchers, distribution amplifiers, and master control switchers.

 

The Renegade product line is designed for professionals - with new products and new features for existing products introduced on a regular basis while maintaining the compatibility needed.

 

The Renegade product lineup includes the standalone Blue

 

328 and Gray

 

328 audio mixers, alongwith the rack-mountable 328

 

MXE and the new M16 audio mixer. All mixers include the features necessary for working with audio in today's video environment, including AES and NTSC/PAL/HD sync, eight bus program, and monitoring outputs for surround or multi-channel production, and analog, digital, and SDI audio I/O capability.

 

The people behind Warsaw-based empeg.pl developed their first software audio logger as early as 1998. By 2005, virtually all major Polish commercial stations and public networks had switched to Stirlitz Logger. An extremely user-friendly logging system. SML users can forget about files, directories, and calendars. The unique Timeline based user interface makes accessing logs from different hours, days, months, or years as easy as tuning an old FM radio! Just drag the timeline to where you want to be and hit Play.

 

ISMI uses the in-house developed Advanced Media Fingerprinting technology to analyze radio stations' audio output by monitoring and identifying songs, advertisements, and jingles.

 

In early 2007, empeg.pl introduced a new add-on to SML, the Stirlitz Media Podcaster, automatically creating, coding, and uploading multiple podcasts based on SML logs and other local audio.

 

Daxco Digital

 

Daxco provides consultation, equipment supply, design, and system integration. The company represents various brands including Kinatone and Christie.

 

Harman International (India) Pvt. Ltd.

 

Harman is a leading global provider of premium audio and infotainment solutions. The company operates worldwide through a network of talented employees and best-in-class channel partners, positioned to serve both the emerging and established markets. It represents various brands including JBL Professional, AKG Acoustics, Studer, Soundcraft, Crown International, Lexicon Pro, dbx Professional, Selenium, and BSS Audio.

 

JBL Professional produces the finest studio monitors with industry leadingAperformance for demanding recording, post-production and broadcast applications. The JBL LSR6300, LSR4300, and LSR2300 series go beyond accurate all the way to stunning by incorporating features which reduce the effect of problems in the room. All LSR models are engineered for use in the most demanding production environments.

 

AKG Acoustics is one of the leading manufacturers of high-quality microphones, headphones, and wireless equipment. AKG microphones and headphones have a long history on tour and in studio with international musicians such as Frank Sinatra, Eric Clapton, Peter Gabriel, Stevie Wonder, Aerosmith, the Rolling Stones, Rod Stewart, Anastasia, Eros Ramazotti, Kayne West, and Simply Red.

 

Studer provides mixing consoles in various models including GB2, GB4, Vi2, Vi4, and Vi6 among others.

 

Soundcraft offers audio-mixing consoles in various models like GB Series, Si Compact Series, Vi Series, MH Series, EFX Series, SPM Series, RM Series, M Series, GicRac Series among others.

 

Crown International offers amplifiers and microphones.

 

Euphonix offers audio/MIDI interphases, digital audio consoles, microphones, controllers, and studio monitors.

 

dbx Professional offers mic preamplifiers, zone controllers, dynamic processors, equalizers, and accessories.

 

Lexicon Pro offers amplifiers (ZX-7, RX-7, and GX-7) and Blu-rayAplayers.

 

Hi-Tech Audio Systems Pvt. Ltd.

 

Hi-Tech Audio Systems is a system integrator, dealer, and distributor of professional audio video systems in India. They are distributors for Harman Pro Group, Klotz Digital, and Neutrik in India. Neutrik offers professional audio and video connectors.

 

Kramer Electronics

 

Kramer Electronics offers an array of professional audio products including speakers, distribution amplifiers (6601 and SD-7816), digital audio matrix switchers (VS-42HC, VS-44HC, and VS-88HC among others), converters (466N, 6410N, among 6420N and others), preamplifiers, and mixers.

 

MRH Digital

 

MRH represents Electro-Voice, Dynacord, Mipro, and Crest Audio.

 

Electro-Voice from Bosch offers microphones, amplifiers and processors, and loudspeakers.

 

Dynacord from Bosch offers loudspeaker systems, power amplifiers, mixers, and controllers.

 

Mipro offers wireless microphone systems and portable PA systems.

 

Real Image Media Technologies

 

Real Image represents various brands including Avid, Waves, Sonnox, Antares, SE Electronics, and Metric Halo.

 

Avid offers MIDI interfaces, plug-ins, digital audio consoles, handheld recorders, studio monitors, microphones, controllers, headphones, and earphones.

 

Waves is the leading developer of audio plug-ins for mixing, mastering, post production, and live sound.

 

Sonnox offers a range of plug-ins including Oxford Limiter, Oxford Reverb, and Oxford Inflator among others.

 

Antares Audio Technologies develops innovative DSP-based audio hardware and software products including plug-ins, and multipliers among others.

 

SE Electronics offers condenser microphones in various models including sE Gemini II, sE Reflexion filter, sEX1, sE T2, and sE4, among others.

 

Metric Halo offers audio interfaces and software.

 

Rivera Digitec

 

Rivera represents Roland, which offers mixers (M-48, S-4000D, RH-PM5, and APC 33) and digital consoles (V-Mixer), guitar synths, and amplifiers.

 

Sennheiser

 

Sennheiser offers a range of professional audio products which includes microphone systems, conference systems, tour guide systems, aviation headsets, and audiology solutions.

 

Sennheiser recently launched five loudspeakers from its distributed brand K-array, KU 36 ultra-slim subwoofer, KTL22 and KTL22C compact speakers with integrated spotlights, KZ10-4 PACK bundle, and KA7-7 amplifier. All five products are imported from Italy and deliver a remarkable combination of outstanding audio quality and efficiency for a wide range of installation applications.

 

Sennheiser's latest offerings also include new evolution wireless combo kits that are suitable for a wide range of user applications and budgets, modular white microphones for ceiling installation, and a new entry-level series of gooseneck microphones.

 

Setron India Pvt. Ltd.

 

Setron represents CAD, Lynx, Tascam, Community, Powersoft, and Ashley.

 

CAD Audio offers condenser mics (GXL Series, CAD Series, and others), noise-cancelling headset (NB2), stereo headphones, recording microphone, studio recording mic, and tabletop recording equipment.

 

Tascam offers professional recording solutions like AV-452 Power Mixe, CC-222 SL MK2, CD200 CD player, DR-07, DR-100, and DR-680.

 

Sun Infonet Pvt. Ltd.

 

Sun represents various professional audio equipment brands including Shure and Allen & Heath.

 

Shure is a renowned manufacturer of professional audio equipment including microphones, wireless systems, mixers, audio processors, phonograph cartridges, earphones, and microphones. Shure Asia Limited recently launched new models in its acclaimed headphone and earphone series, SRH940 reference studio headphones, SRH550DJ professional quality DJ headphones, and also SE215 sound isolating earphones.

 

Allen and Heath offers a range of mixers and consoles GL, GR, ML, PA, and PL Series among others.

 

Yamaha Music India Pvt. Ltd.

 

Established in March 2008, Yamaha Music India Pvt. Ltd. is part of the Yamaha Corporation worldwide group of companies and offers full line of Yamaha musical instruments, pro audio, and audio-visual equipment to the Indian market. Yamaha offers a range of pro audio products including mixers, power amplifiers, processors, speakers, interfaces, and PA systems.

 

Technologies Transform Traditional Systems

 

On current scenario in the professional audio market

 

The market is growing rapidly and there is a visible shift from analog to digital. Consumers are now demanding sound quality alongwith the basic product features so that the products are able to satisfy the consumer needs in terms of quality, reliability, and ease of operation.

 

On market and technology trends

 

The new technologies in the audio formats like EtherSound, Dante, and CobraNet among others are transforming the way traditional systems used to be integrated. Now, technology has enabled transfer of audio over single CAT5 cable which is reinventing systems integration.

 

On key challenges facing the industry

 

The industry is trying to make the standard after-sales services facility available in all parts of the country for professional audio products.

 

On major policies or regulatory issues

 

The taxation and octroi issues pertaining to different parts of India which differentiate the sales costs are the major issues faced by the industry.

 

On factors driving the market

 

The growth in the real estate segment and shift in consumption patterns of the consumers are the factors driving the market.

 

On future outlook for the industry

 

The industry shall continue to grow exponentially and the company may witness many more analog systems going digital.

 

Case Study

 

AV Installation for GMCH

 

Client:Guwahati Medical College (GMCH)

 

Project:Guwahati Medical College Auditorium

 

Vendor:Harman


 

Background

 

The GMCH is one of the oldest institutions in India, and in terms of the infrastructure and medical services offered to the entire North Eastern region, the facilities are par excellence. With a seating capacity of 1500, the GMCH's auditorium is the most prestigious installation in the region, both in terms of its design and versatility. The auditorium hosts multiple activities from presentations and seminars to college annual events, from live music shows to 5.1 Cinema modes for playing movies.

 

Challenge

 

Keeping in mind the reputation, the auditorium had to be the best in terms of design, AV experience, and audience comfort. For the same reason, the AV installation had to be such that high quality performance throughout the venue is ensured. The audience could sit anywhere, for any event, but they should experience a uniform effect in sound everywhere.

 

Solution

 

The entire system installation project at the GMCH was expertly handled by Ace Acoustics, Guwahati, Harman India's authorized dealer for North East. The successful configuration of the audio components using Harman products for this project was done successfully by Ace Acoustics.

 

The entire range of audio products, from input to output, with brands like AKG, BSS, Crown, JBL, Lexicon, and Soundcraft has been installed by Harman, at the college auditorium. With a choice of various legendary brands under the Harman Professional fold, Ace Acoustics created a single-system solution with various products that are designed to work seamlessly with others.

 

Conclusion

 

Ace Acoustics has expertly handled this project to deliver a world-class audio design within two months of the stipulated time for the project. With its plethora of high-quality professional audio equipment, Harman India has executed several prestigious projects across the professional audio segments in India, over the last one year. Some of these include installed sound in 10 stadiums for Commonwealth Games, Kingdom of Dreams, Guwahati Medical College auditorium; cinema sound at PVR Juhu, live sound at the opening and closing ceremony of Commonwealth Games and Bryan Adams Concert, Hyderabad; and recording and broadcasting at the Coke Studio at MTV where Soundcraft by Harman Vi6 console has been deployed.

 

Case Study

 

Professional Audio Solutions for Malayalam Manorama TV

 

Client:Malayalam Manorama TV

 

Project:To provide professional audio solutions for the channel

 

Vendor:Sennheiser Electronics

 

Malayalam Manorama TV, Kerala, chose the Sennheiser and Neumann range of professional audio products to deliver the best-quality news and entertainment experience to their customers.

 

Apart from other reasons, the major factor for Malayalam Manorama TV's decision to choose Sennheiser was the local presence of the company with service centers at three major locations in the country so as to provide immediate support to the client in case of any emergent situation.

 

They chose about 42 channels of the new 550 Series G3 of wireless microphone, 30 pairs of studio monitors, and some of the world's most high-end Neumann microphones to provide the best quality audio.

 

Related Companies

·         Dow Jones & Co [profile]

·         Euphonix Inc [profile]

·         Harman International Industries Inc /de/ [profile]

·         Roland Corp [profile]

·         Timeline Ltd [profile]

 

Related Topics

Marketing

 

Related Geographies

Asia

India

 

Related Industries

·         3652 Prerecorded records and tapes Audio & Video Equipment [profile]

·         32300 Manufacture of TV & radio receivers, recording & reproducing apparatus

·         2849 Electronic Equipment Manufacturing n.e.c.

 

Roland Corp. U.S Partners with Girl Scouts of the USA to Launch Girl Scouts Rock!

 

Wireless News

19 May 2011

 

[What follows is the full text of the article.]

Roland Corp. U.S . and Girl Scouts of the USA have announced a Chicago stop on Saturday, May 14 and a New York City stop on May 21st, in conjunction with the national tour of the new Girl Scouts Rock! Initiative, which includes workshops designed to inspire girls through music.

 

The Company said Girl Scouts Rock! Powered by Roland will reach thousands of Girl Scouts and their parents across the country, delivering the message that you can have a "Better Life with Music." The fun, interactive curriculum co-developed by Roland and Girl Scouts of the USA gets girls pumped up about making music and music education. Girl Scouts Rock! is designed to provide girls ages 8-14 with a hands-on experience playing music, an opportunity fewer girls are receiving due to school music budget cuts.

 

According to a release, at each workshop, Roland is bringing the Rockin' Roland Girls Band for an electric performance of songs to introduce girls to their inner musician and to the instruments they play. Former Girl Scout and Disney star Shelby Spalione, previous lead singer of the all-girl teen rock band KSM, will also be on hand to sing with the Rockin' Roland Girl's Band. Spalione, 17, who opened for the Jonas Brothers and Demi Lovato last year as lead singer of KSM, is currently working on a solo project.

 

Roland noted that girls will then be led into break-out sessions featuring activities utilizing Roland's Lucina AX-09 Shoulder Synthesizer, HD-1 V-Drums Lite, Rock Band 3, an interactive instrument display, and karaoke station. The curriculum is based on the latest Girl Scout leadership journey It's Your Story Tell It!, which uses a storytelling theme in fun and relevant ways to help girls understand themselves and their potential. Building a sense of self is an underlying goal of the series, which was made possible by a generous grant from Dove. Roland will also conduct "Better Life with Music" sessions for interested parents and troop leaders, presenting the latest research and information regarding the benefits of music education in the lives of their children.

 

Roland will serve as a liaison between local Girl Scout councils connecting music retailers and teachers to help provide access to instruments and instruction. Best Buy is showing their support of the program by offering four complimentary music lessons and product discounts to every Girl Scout in attendance at the Chicago and New York workshops.

 

More information:

www.rolandus.com/girlscoutsrock

 

((Comments on this story may be sent to newsdesk@closeupmedia.com))

 

Related Companies

Roland Corp

[profile]

 

Related Geographies

North America

United States

Illinois

 

Related Industries

8641 Civic and social associations

 

Business Services [profile]

91330 Activities of other membership organisations not elsewhere classified

9621 Business and Professional Associations

 

Major Brand: Rivera Digitec (I) Pvt. Ltd

 

Broadcast & CableSat

23 April 2011

 

[What follows is the full text of the article.]

Address: 410,411 Nirman Kendra, off Dr. E.Moses Road, Mahalaxmi (W), Mumbai-400011

 

Tel: +91-22-25939051/65744451

 

Fax: +91-22-6664461

 

Email: rivera@riveradigitec.in

 

Web: www.riveradigitec.in

 

Area of operation

 

Rivera Digitec (I) Pvt. Ltd. was established in Mumbai, in 1987 to serve Indian music industry, especially the musicians of the world leading musical instrument brands Roland, BOSS, and Edirol, which are most popular in India, at an affordable price, backed up by an excellent after sales service. It has a team of highly professional and qualified staff. It gives one year warranty for the products. In India it has a wide network of sales offices, i.e., in Mumbai, Delhi, Kolkatta, Chennai, and Indore.

 

Roland is one of the leaders in the field of broadcast and professional video equipment starting from video mixers, visual performance, field recorders, and video editing software/hardware. Catering to the market demand of high-end content creation, Roland offers range of both HD and SD products.

 

India. The first Indian training event for Roland's V-Mixing system took place on March, 7, 8, and 9 March 2011, in Ahmedabad, Mumbai, and Delhi, respectively. More than 200 attendees comprising sound operators, consultants, system designers, technical engineers, and development managers attended the seminars. Topics covered were the principles behind the REAC (Roland Ethernet Audio Communication) protocol, which is intended to enable users to design and implement a wide variety of audio mixing systems. Demonstration on live mixing techniques while advanced hands-on training was offered on the M-400 and M-300 V-Mixer, and the M-48 personal mixer. Visitors to the events reportedly described "it is a great opportunity for, seeing various options for the development and expansion of our current business."

 

Key achievements (2010-11)

 

First video mixing workshop in India in three cities - Mumbai, Delhi, and Ahmedabad.

 

Annual Turnover (2010-11): Rs. 20 crore

 

No. of Employees: 35

 

Principal/Channel Partner: Roland System Group/Roland

 

 

Related Companies

Roland Corp [profile]

 

Related Geographies

Asia

India

 

Major Brands: R-W

 

Broadcast & CableSat

22 April 2011

 

[What follows is the full text of the article.]

 

 

Radio Computing Services India Pvt. Ltd.

 

RCS is a technology company that has been inventing solutions for the broadcasting industry for over 30 years. As innovations, RCS's products and services are used at more than 9,000 radio stations, TV music channels, cable companies, satellite radio networks, and Internet stations worldwide. From GSelector, music scheduling reinvented to NexGen Digital, trusted proven automation to Linker, promo scheduling, RCS software is used in more stations than any other. RCS wide product range includes digital automation system, radio automation software, radio in a box, music scheduler, promo scheduler, and many more.

 

RADIO FREQUENCY SYSTEMS

 

Radio Frequency Systems (RFS) is a global designer and manufacturer of cable and antenna systems plus active and passive RF conditioning modules, providing total-package solutions for wireless infrastructure. RFS serves OEMs, distributors, system integrators, operators, and installers in the broadcast, wireless communications, land-mobile, and microwave market sectors. The company provides RF systems solutions for cell-based mobile communications, in-building, in-tunnels, television and radio, radio-link networks, LMR/PMR, HF, and defense. The company is represented on six continents, with 10 manufacturing center-of-excellence (Germany, France, US, Brazil, Russia, China, Denmark, Mexico, and Australia) and 36 technical support and sales offices. As an ISO compliant organization with manufacturing and customer service facilities that span the globe, RFS offers cutting-edge engineering capabilities, superior field support, and innovative product design.Radio Systems

 

Radio Systems, founded in 1976 by Dan Braverman, provides a world of broadcast opportunities from unlicensed AM radio to international studio facilities. Dan added a manufacturing division which produced a variety of studio audio products. The contract engineering department evolved into a turn-key installation department, providing complete engineering solutions for existing and new broadcast facilities. Today, the company manufactures audio distribution amps, studio mixing consoles, telephone interfaces, and a line of analog and digital master clock.

 

Rahul Commerce

 

Rahul Commerce, founded in 1998 is a US$ 5 million company with its offices in Mumbai and Pune. Rahul Commerce is a leading distributor of software and systems covering applications in: film and video and post production, web and mobile streaming animation - 2D, 3D, plugin's, e learning, interactive 3D - gaming, virtual reality, special effects and crowd simulation, solidworks - CAD solutions. In addition, it also offer services in Graphics & Multimedia software, pre-press workflow, vicon motion capture systems, Apple Imagine Store, 3D scanners, and digitizers, wacom, renderfarm systems and management software, switch, file transfer, web conferencing, datawall, digital signage. Backed by a strong team of 50 professionals and a nationwide network of dealers and consultants, the company aims to provide the latest technologies to the customers.

 

Rivera Digitec (I) Pvt. Ltd.

 

Address: 410,411 Nirman Kendra, off Dr. E.Moses Road, Mahalaxmi (W), Mumbai-400011

 

Tel: +91-22-25939051/65744451

 

Fax: +91-22-6664461

 

Email: rivera@riveradigitec.in

Web: www.riveradigitec.in

 

Area of operation

Rivera Digitec (I) Pvt. Ltd. was established in Mumbai, in 1987 to serve Indian music industry, especially the musicians of the world leading musical instrument brands Roland, BOSS, and Edirol, which are most popular in India, at an affordable price, backed up by an excellent after sales service. It has a team of highly professional and qualified staff. It gives one year warranty for the products. In India it has a wide network of sales offices, i.e., in Mumbai, Delhi, Kolkatta, Chennai, and Indore.

 

Roland is one of the leaders in the field of broadcast and professional video equipment starting from video mixers, visual performance, field recorders, and video editing software/hardware. Catering to the market demand of high-end content creation, Roland offers range of both HD and SD products.

 

India. The first Indian training event for Roland's V-Mixing system took place on March, 7, 8, and 9 March 2011, in Ahmedabad, Mumbai, and Delhi, respectively. More than 200 attendees comprising sound operators, consultants, system designers, technical engineers, and development managers attended the seminars. Topics covered were the principles behind the REAC (Roland Ethernet Audio Communication) protocol, which is intended to enable users to design and implement a wide variety of audio mixing systems. Demonstration on live mixing techniques while advanced hands-on training was offered on the M-400 and M-300 V-Mixer, and the M-48 personal mixer. Visitors to the events reportedly described "it is a great opportunity for, seeing various options for the development and expansion of our current business."

 

Key achievements (2010-11)

First video mixing workshop in India in three cities - Mumbai, Delhi, and Ahmedabad.

 

Annual Turnover (2010-11): Rs. 20 crore

 

No. of Employees: 35

 

Principal/Channel Partner: Roland System Group/Roland

 

Royal Broadcasting

 

Address: E-142, 2nd Floor, Amar Colony, Lajpat Nagar-4, New Delhi-110024

 

Tel: +91-11-26232632-34/46584250

 

Fax: +91-11-26232631

 

Email: sales@royalbroadcasting.com

 

Web: www.royalbroadcasting.com

 

Area of operation

 

Royal Broadcasting is one of the leading companies in the country with high quality professional camera support/tripods for all professional video cameras/ENG units, PRO-X V-Mount/Gold Mount battery and chargers, LED lights for camera mounted, soft camera cases, HPRC resin cases that give total protection to the equipment inside them against dust, water, and impact for all types of broadcasting equipment.

 

With a well spread network throughout India, Royal Broadcasting offers products and services to the various TV and news channels, institutes and various production houses. Its product pricing is considered to be the most competitive, without compromising the quality of work.

 

The company is an exclusive distributor for Manfrotto video tripods, PRO-X batteries and chargers, HPRC resin cases, and Wise Advanced memory cards throughout India.

 

Manfrotto. Manfrotto is an Italian manufacturer which makes tripod, heads, monopods, and accessories for video/photo and broadcasting. The avenger sub-brand produces industry- leading heavy duty lighting supports.

 

Pro-X. Pro-X is a manufacturer of different type of batteries for video cameras. It has recently introduced a unique range of batteries and chargers for professional video cameras. Whether it is a battery system, V-Mount and Gold Mount, or the new intellicom batteries and digital chargers, they encompass similar features so that upgrading is a matter of choice and necessity.

 

Wise Advanced. Wise Advanced in 2002 began to engage in the field of broadcasting image with a patented portable DV/HDV/HD image storage hard drive device, which is capable to be linked by 1394 to capture and store images directly to the hard disk. The company has also developed Wise CFR, the equipment for professional broadcasting to store images with CF card.

 

High performance resin cases. HPRC supports the project timeless moments for saving the nature, unspoiled wilderness, and photographic and broadcasting equipments.

 

Principal/Channel Partners:

 

Lino Manfrotto

 

Pro-X

 

Wise advanced

 

HPRC

 

RSG Broadcast India Pvt. Ltd.

 

Address: Plot No. 2, Site No. 37 & 38, IInd Floor, Behind Kalkaji Post Office, Kalakaji, New Delhi-110019

 

Tel: +91-11-49508100

 

Web: rsgbroadcast.com

 

Area of operation

 

RSG Broadcast (India) Pvt. Ltd. is one of the established market leaders in the media and broadcast industry. Having brought the cutting-edge technology of Apple to the sub-continent a few years back, it now stands as one of the major transformers, ready to change the face of broadcast industry of India.

 

Since its inception, RSG Broadcast has pioneered many next generation technologies suited to the media industry at large and the broadcast industry in particular. True to its commitment of designing and delivering world-class cost-effective technology, RSG Broadcast leverages its domain and business expertise along with many strategic alliances with leading technology providers.

 

The services include: broadcast consultancy services, IT infrastructure services, and maintenance services for broadcast industry. Besides Apple, RSG Broadcast also acts as a key distributor for a distinguished range of principals in India including Qlogic, Gallery (Sienna), Autodesk Max & Maya, Octopus, Atempo, Spectra Logic, Building 4 Media, and Avid (Digidesign), among others.

 

RSG Broadcast (I) Pvt. Ltd. is considered to be pioneer in system integration and turnkey projects solution for broadcast industry.

 

Key achievements (2010-11)

 

Apart from production houses and regular TV projects the company has integrated three major regional TV channels in India (in turnkey aspects):

 

Mahua Bangla-Kolkata

 

Frontier TV-Guwahati

 

Day And Night News-Chandigarh

 

REAL IMAGE MEDIA TECHNOLOGIES

 

Real Image Media Technologies (RIMT), India's leading developer and provider of digital media technology in the film, video, and audio domains, has pioneered several technological revolutions in the Industry over the last 25 years. The company has been instrumental in bringing several key technology revolutions to the country, starting with Avid computer-based digital non-linear editing in 1992 that truly transformed the industry and changed the way Indian films and television programs are edited. The second revolution in 1995 was 6-track digital cinema sound with DTS. With its Qube range of Digital Cinema products, Real Image entered the world stage and has systems installed across six continents. Today it is considered to be the undisputed leader in the broadcast domain in India, offering a wide range of products to almost every channel and post house in the country. Principals: Avid, Digital Vision, Orad, Houdini, MOG, Front Porch Digital, Animakit, sE, Marwin, among others.

 

ROHDE & SCHWARZ

 

Rohde & Schwarz is a leading supplier of solutions in the fields of test and measurement, broadcasting, radio monitoring and radio location, as well as mission-critical radio communications. Headquarters in Munich with subsidiaries and representatives active in over 70 countries around the world, Rohde & Schwarz has achieved its global presence greatly. In India, the company is present with its 100 percent owned subsidiary, Rohde & Schwarz India Pvt. Ltd., whose head office is located in New Delhi and branch offices in Bangalore, Hyderabad, Mumbai, and Chennai. Within the wireless market, Rohde & Schwarz strengthened its leading position in technologies such as HSPA, WiMAX, and UMTS/LTE. The company's market position also in broadcasting and radio monitoring/radiolocation was strengthened on a sustained basis owing to significantly higher sales and the signing of contracts for several large projects. The radio communications field continued its success in ground to air communications, avionics, and army communications.

 

RTPL

 

Rudraksha Technology Private Limited is a broadcast and cable technology company providing consulting, management and engineering services on DVB compression systems (MPEG2/MPEG4), PSI/SI systems, and content management. Solutions include Mosaic Monitoring and Generation, IPTV deployment, subscriber management systems, digital video storage systems, VOD, NVOD/graphics overlay solutions, and digital compression equipment (encoders/decoders). The company has clients spread over 18 locations across the country. From turnkey projects to specific integration and delivery of products, RTPL provides operational excellence within the project and handover to network operation. Principals: Telairity, BigBand Networks, GoBackTV, Conax, Deck Tec, Gospel, PBI, Viaccess, amongst others. Esteemed clients include MSOs, broadcast channels, cable operators, media companies, and DTH companies like IMCL, ICC, Manthan Broadband, NDTV, Times Now, Sun Direct, Digicable, among others.


 

SEACHANGE INTERNATIONAL

 

For over 10 years now, SeaChange has proven to be an agent of transformation for broadcast television. It started when SeaChange created the patented Emmy-winning MediaCluster technology that became the standard of excellence for broadcast play-to-air operations. Now, leveraging years of experience in real-time broadcast and open storage technology, SeaChange brings to the market the next-generation storage technology, Universal MediaLibrary Grid, providing an unprecedented level of performance, scalability, and economics for a wide range of broadcast operations, from content creation, production, to real-time content delivery. Having achieved several industry awards and served thousands of customers worldwide, SeaChange's dedication to innovate and develop exceptional technology continues as the company introduces its next-generation of products for broadcasters and content providers around the globe.

 

Seagate Technology

 

Seagate is the worldwide leader in design, manufacture, and marketing of hard disk drives, providing products for a wide-range of applications, including enterprise, desktop, mobile computing, consumer electronics, and retail markets. Globally, Seagate is a leading company in desktop, enterprise, and consumer electronics with 29 percent overall market share. The company achieved an impressive landmark of shipping its 1.5 billionth drive in September 2010. Seagate employs about 53,000 people worldwide and has a broad product offering suite in the industry, and ownership and vertical integration of critical technologies - heads and media. Seagate is known for technology innovation, product reliability, strong customer partnerships ,and efficiency of manufacturing.Seagate's India office at New Delhi provides extensive and comprehensive service and support to its country wide network of distributors, channel partners, and resellers.

 

SeTRON INDIA PVT. LTD.

 

Setron India Pvt. Ltd. was incorporated in 1994 and provides total solutions to pro-audio, video, and broadcast industry. The company is one of the leading importers/distributors of broadcast and pro-audio equipments. It represents several leading international manufacturers in India. The company provides turn-key solution in the field of FM broadcast stations, community FM stations, audio/video recording studios, conference systems with language interpretation facilities, public address systems, background music systems, acoustics design, and consultancy. It offers consultation, planning, designing, implementation, training, and maintenance of pro-audio/video and broadcast projects. Projects are accomplished by access to the latest technologies, training programs to the clients, in-services monitoring, dynamic, and challenging work environment. With such a cohesive work culture, the company endeavors to offer the best state-of-the-art technology to the growing industry.Sennheiser Electronics India Pvt. Ltd.

 

Address: 102 A, First Floor, Time Tower, MG Road, Sector 28, Gurgaon-122002

 

Tel: +91-124-4187800

 

Fax: +91-124-4187830

 

Email: info@sennheiserindia.com

 

Web: www.sennheiserindia.com

 


Area of operation

 

Founded in 1945 by Prof. Dr. Fritz Sennheiser, the name Sennheiser has been synonymous with high-end products and tailor-made solutions for every aspect of the recording, transmission, and reproduction of sound. Above all, Sennheiser has established a reputation for itself in the development and manufacture of high-quality microphones.

 

The Sennheiser Group, with its headquarters in Wedemark near Hanover, Germany, is one of the world's leading manufacturers of microphones, headphones, and wireless transmission systems. The family owned company, which was established in 1945, recorded sales of around 390 million in 2009. Sennheiser employs more than 2,100 people worldwide, and has manufacturing plants in Germany, Ireland, and USA. The company is represented worldwide by subsidiaries in France, Great Britain, Belgium, the Netherlands, Germany, Denmark (Nordic), Russia, Hong Kong, India, Singapore, Japan, China, Canada, Mexico, and USA, as well as by long-term trading partners in many other countries. Also part of the Sennheiser Group are Georg Neumann GmbH, Berlin (studio microphones and monitor loudspeakers), and the joint venture Sennheiser Communications A/S (headsets for PCs, offices, and call centers).

 

Sennheiser Electronic India Pvt. Ltd., established in February 2007, is a wholly owned subsidiary of Sennheiser electronic GmbH/Germany. Sennheiser India with its head office in Gurgaon and a branch office in Mumbai has two full fledged service centers in both the locations to provide the best service support for Sennheiser and its Group brands product range in the country.

 

Sennheiser users in India include renowned names from the music industry like AR Rahman, Lucky Ali, KK, Neha Bhasin, Sandeep Chowta, Shankar Ehsaan Loy; bands like Indian Ocean and Karma 6; as well as the most sophisticated broadcasters, rental companies, corporate and educational institutes, such as Adlabs, DDK, Star TV, Zee TV, INX, Sun TV, BAG TV, Times TV, Infosys, Sound.com, Electrocraft, Whistling Woods Institute, and many more.

 

No. of Employees: 33

 

Channel Partners: Professional Systems

 

Advanced Telemedia, New Delhi

 

Premier Radio & Electronics Corp., Mumbai

 

Telerad (Chennai, Trivandrum, Bangalore, and Kolkata, Hyderabad, Mumbai)

 

Hansa Pictures, Neuman - South India

 

Thomsun, MI, South India

 

RSG, Neuman, North and West India

 

India Offices

 

Gurgaon

 

Address: Sennheiser Electronics India Private Ltd., 102 A, First Floor, Time Tower, MG Road, Sector 28, Gurgaon-122002

 

Tel: +91-124-4187800

 

Fax: +91-124-4187830

 

Mumbai

 

Address: Office No. 503, Midas Building, Sahar Plaza Complex, Andheri - Kurla Road, J. B. Nagar, Andheri (East), Mumbai-400059

 

Tel: +91-22-42488400

 

Fax: +91-22-42488430

 

Bengaluru

 

Address: 11 A-22, 1st Floor, Cunningham Road, Municipal No. 60, S.R.T. Road, Bengaluru-560052

 

Tel: +91-80-490-37800

 

Fax: +91-80-490-37830

 

Overseas Office

 

Germany

 

Address: Sennheiser Electronic GmbH & Co.KG, Am Labor 1, 30900 Wedemark, Germany

 

Tel: +49 (5130) 6000

 

Fax: +49 (5130) 600386

 

Sun Infonet Pvt. Ltd.

 

Address: B-222, Naraina Ind. Area, Phase-I, New Delhi-110028

 

Tel: +91-11-25895917/25895469

 

Fax: +91-11-45612901

 

Email: neeraj@sungroup.net

 

Web: www.sungroup.net

 

Rising Sun

 

Sun Infonet Pvt. Ltd. was established in July 1999 in New Delhi, India and is part of the Sun Group. Sun Medical Systems was the first company formed under the Sun Group and was engaged in the import and marketing of Sony medical products throughout India.


 

Sun Infonet's foundations and finding Shure

 

With a foundation steeped in the medical sector, Sun Infonet was founded to distribute and service state-of-the-art radio and data communications equipment. As a natural progression, Sun Infonet signed a distribution agreement to represent Shure in India in June 2003. As per Neeraj Chandra, Director of Sun Infonet "The company is always looking to increase its product portfolio. Over the years, it has developed business relationships with various corporate customers - the objective to meet the complete requirement of its customers by providing all the solutions under one roof, thus strengthening company's relationship further. Since the company had RF background, it was not difficult to understand and develop the microphone business, and working with Shure it was an obvious step in the right direction."

 

Sun Infonet created an extensive dealer network of over 35 large-scale channel partners who had strong experience in the audio segment. It also offered Shure channel partners larger territories to enjoy better profit margin, and in turn better support and service for the end user. To continue to not only motivate their channel partners but also ensure that they are kept up to date, Sun Infonet supports them with continued technical inputs, new product information, personal visits, promotion and publicity materials, cash incentives on a quarterly basis, and above all flexible terms.

 

Leap of faith

 

As per Anita Man, Regional Sales Director, Shure Asia, "When Shure began to look for a new distribution center in India, Sun Infonet presented itself as a capable counterpart with dexterity in brand and dealer management. It may have taken a leap of faith in naming Sun as exclusive distributor for Shure, but after three years of solid business-building, Shure has complete trust in Sun Infonet's capabilities and representation of the Shure brand."

 

As per Neeraj, "all Shure products are accepted well in the Indian market due to its quality and sound performance but since Sun Infonet has large corporate companies in India, the DSP products like mixers, feedback reducers, Microflex microphones have a larger market share. The wireless business is also strong in India primarily due to the range factor." As a testament to Neeraj and his team's hardwork, Sun Infonet was awarded Shure's Distributor of the Year for FY05/06 for excellence in sales and marketing.

 

Support system enabled

 

Understanding the need to support its channel partners and clients, Sun Infonet established a complete Shure authorised service center in New Delhi, which has up to date Shure equipment with an inventory of spare parts and trained engineers to handle any technical enquiry. All these endeavors have proved invaluable in extending Shure's market share in India.

 

Growing its business

 

Sun Infonet continues to expand its product range and has been appointed as distributor for NEXO France's distributor for its complete range of speakers. In addition to the above relationship, SunInfonet has been appointed direct master distributor for CAMCO range of amplifiers and Allen & Heath mixers. With a philosophy established in the early years, to be a company that offers total solution for its clients, through its dealer network and committed channel partners, and a range of quality products to support that initiative, Sun Group has ensured that every product brand in its portfolio complements another and covers a variety of vertical markets.

 

Sun Infonet over the years has been able to design, supply, and install Nexo solutions to various prestigious organizations like Vikasa Soudha Bangalore, RavindraKala Shetra Banglaore, and Bruhath Bangalore Mahanagar Palike Banglaore.

 

In addition to the above, Sun Infonet as principal project designer, was also associated with various Nexo installations in India like Gaiety Auditorium Shimla, Vigyan Bhavan Delhi, and Yamuna Velodrome Delhi.

 

Sun Infonet has the complete expertise and resources to execute any major project and complete the installation in specified time with a team of its qualified and reliable contractors.

 

Annual Turnover (2010-11): Rs. 15 crore

 

No. of Employees: 25

 

Principal/Channel Partners: Distributors

 

Shaf Broadcast Pvt. Ltd.

 

Shaf Broadcast Pvt. Ltd. has been delivering pioneering solutions to the digital content creation industry since 1993. Shaf currently has a nationwide network of sales and support offices that provides consultancy, analysis, system design, project management and planning, virtualization and building design, equipment sourcing and performance testing, integration and software configuration, on-site installation, acceptance testing, technical documentation, commissioning and training to customers in various industry vertical encompassing broadcast television channels, film and video post production studios, special effects and animation houses, and educational institutes representing a broad spectrum of media production facilities across India and SAARC region. Principals include Omnibus, Loughborough, Leicestershire; EVS, Belgium; AP, ENPS, London, UK; Miranda, Canada; and Quantel, Berkshire.

 

SNELL AND WILCOX LTD.

 

Snell is a leading innovator in the digital media market, providing customers with a comprehensive range of solutions for the creation, management and distribution of content, as well as providing the tools necessary to transition seamlessly and cost-effectively to digital, HDTV, and 3Gbps operations.

 

Headquartered in the UK, with offices in France, Germany, Spain, Russia, Lebanon, India, Hong Kong, China, and USA, the company serves customers in more than 100 countries. Snell's product range encompasses many of the core building blocks of the modern broadcast facility, and offers a seamless migration path to future technologies, such as routing, modular infrastructure, and video format and standards conversion.

 

SONODYNE ELECTRONICS COMPANY PVT. LTD.

 

Sonodyne's core strength is research. With over 40 engineers and technicians in its two labs (in Kolkata and Mumbai), and having received 2 Government of India research grants, Sonodyne's labs are a cradle for innovation. These labs not only design for Sonodyne branded, but also for OEM products for the following market segments: home audio; studio monitors, installed sound, and live sound. In India Sonodyne is a strong brand name with sales and projects offices in Mumbai, Bangalore, Delhi, and Kolkata, with dedicated showrooms. Internationally, the studio monitors are distributed globally with strategic distribution points for ASEAN, Japan, EU, Australasia, and North America. To cater to the growing international needs of the Sonodyne brand and that of OEMs, a second 100 percent EOU has been established in 2008 in SEZ Falta, West Bengal which specializes in loudspeaker design and production.

 

SONY

 

Sony is a world leader in the field of broadcast and professional products starting from acquisition to post-production till archival catering to vast diversity from broadcasters to digital cinema production and display. Catering to the market demand of high end content creations, Sony offers its vast range of both HD and SD products. Sony's range comprises broadcasting products from cameras, camcorders, VTR's, switchers, and broadcast and professional LCD monitor to suit various level of application from semi-professional, professional, and broadcast levels. With Sony's expertise in the field of system integration, the company understands the need to deliver high quality and undertake full responsibility for the design, procurement, system integration and installation, commissioning, operational training, and system support thus delivering of a functional system of high level quality within time and budget.

 

SPINNER Group

 

Since 1946, as an independent, family-owned enterprise, SPINNER has been developing and manufacturing high performance components for RF technology worldwide. The SPINNER Group sets standards with its RF technology product, thus leading the information age to even greater vitality. The wide product range offered by SPINNER includes: connectors, cable assemblies, directional couplers and dividers, switches, filters, analog fiber optic links, among others. SPINNER also offers a wide range of broadcasting technology that includes: combiners in 19-inch rack insert technology, CCS combiner concept, parallel switching units, and 9-inch matrix systems.

 

STEREOVISION

 

Drawing on three decades of expertise, the company focuses on conceptualizing and executing specialized needs of technicians in the field of cinema. Teaming with top notch companies from all over the world such as Vision Research (Phantom High-Speed Digital Cinema Cameras), Arri Lighting, Kino Flo, Angenieux Lenses,Rosco, Kish Optics, O Connor, Anton Bauer, Gekko, Century Optics, Ewa-Marine, Grip Factory Munich, Photoflex, Spectracine, Schneider, Hydroflex (Underwater Housing For Arri Iii), Scubacam (underwater housing for 435 and 16 Sr Iii Cameras), Marlin (underwater housing for Hd and Slr cameras) Airstar (Helium Balloon), Rollvision, Crashcam, Licht Technik Dark Vader Shutter, Century Optics Swing Shift Lens, Movie-Intercom Lighting Sensor, among others. With a diverse range of services, products, and offers, Stereovision as a company engages both in sales, rentals (specialized equipment), and consistent customer service via its state-of-the-art service centers. Globally acclaimed production houses seek out top-of-the-line film equipment that helps them with the tools that have been validated by premier institutions, such as OSCAR, EMMY, NAB, and CINEC.

 

Su-Kam Power Systems Ltd.

 

Su-Kam one of the leading power backup companies with its consistent focus on technological innovations, has attained heights unheard of, in the largely organized industry. Su-Kam is an ISO 9001 and 14001 certified company. Su-Kam is one of the only power backup industry with in house R&D facility recognized by the Government of India. Their products are home UPS, inverters, online UPS system, line interactive ups, batteries, high capacity inverters and solar solution.

 

Tata ELXSI

 

Seamlessly integrating precision and ingenuity, Tata Elxsi's abilities stem from the creative leadership in hard-core technology and strength in design. Tata Elxsi Broadcast Solutions Group has delivered fail-safe solutions, leveraging leading technologies from global leaders: Grass Valley, Masstech, SeaChange, SGT, Weather Central, Alpermann+Velte, Phoenix Technologies, Cambridge Animation Systems. The company'sr offerings include: consultancy and system design, broadcast workflow management, project management, newsroom automation, playout automation, media asset management, satellite and lease line services, multicasting solutions, video-on-demand, post production, compliance logging, weather graphics solutions, motion capture, animation, and support services. The company's core strength is system integration, and it offers turnkey solutions which are cost effective with quick turnaround times.

 

TECHNOMEDIA SOLUTIONS PVT. LTD.

 

Technomedia Solutions Pvt. Ltd. offers total consultancy, turnkey solutions, professional services, and new and innovative customized solutions and products for the electronic media industry. Technomedia has been instrumental in setting up host of radio and television services from studio setup to transmitters for diverse customers such as Radio Mirchi, Suryan FM and Kal Radio of Sun TV, Red FM, Radio Mid-Day, Hello FM, Malayala Manorama, Shripuran Multimedia, Radio Today (Dhaka), Zee TV, IGNOU, HFCL, Essel Shyam, Infosys, and Network18/CNBC. Technomedia has achieved appreciable business growth in the specialized fields of media industry. It has pioneered introduction of various technologies of its own, accepted in India and abroad.

 

Tektronix

 

Tektronix is a leading supplier of test, measurement and monitoring products, solution and services for the broadcasters, cable TV operators Telco operators, video design and test, content creation/post production and a broad range of other industries worldwide. With 65 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks, computing and advanced technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in 19 countries worldwide. Tektronix tools provide support for multiple standards and formats as well as the broadest and deepest test capabilities for digitally compressed video while maintaining the consistency of quality and user interface.

 

TELEMETRICS

 

Telemetrics offers a comprehensive line of camera robotics and control systems for broadcast, industrial, educational and military applications. Its specialized line includes: camera robotics systems including programmable computer controlled pan/tilt mechanisms, weatherproof camera robotic systems, motorized camera trolley systems, advanced control software, and a wide variety of programmable controllers. The company's products provide the highest degrees of performance, quality, and cost-efficiency. In addition, Telemetrics has applied its camera control and robotics technologies to offer comprehensive systems solutions for distance learning and interactive television applications.

 

TELERAD

 

Telerad provides various services such as system information, consultancy, design, supply, installation, training, maintenance and repairs, and supply of spares. The company has been one of the largest and oldest representatives of Sony in India representing them for over three decades. Telerad also represents Fujinon, Vinten, Axon, For-A, Listec, Network, Drake-Clearcom and Geevs. In addition, they also supply products from Apple, Sennheiser, and 360 Systems as part of their system supply. Telerad has expanded its operations across the country and is now operating from eight locations in India, namely, Ahmedabad (head office), Mumbai, New Delhi, Bangalore, Hyderabad, Chennai, Trivandrum, and Kolkata. Telerad has expanded its gamut of operations to institutions, R&D, defense, production houses, broadcasting, corporate, business and industry, replication, and medical while continuing to cater consistently to the audio and video industry.

 

Telescreen Communications Pvt. Ltd.

 

Telescreen.net has partnered with SmartName to bring the targeted search terms designed specifically to enhance the users' overall online search experience. It has made searching online easy by ensuring that the users find what they want in a timely manner. Taking into consideration that everyone searches with different criteria in mind, the company has designed telescreen.net to be navigated on the terms of the user. telescreen.net brings you the most comprehensive group of advertisers in an easily navigated format, giving users a vast range of choices in as few clicks as possible.

 

TELOS-OMNIA-AXIA

 

Broadcasters in over 175 countries are using the gear of Telos and its sister companies, Omnia, Axia, and Linear Acoustic. Cutting Edge merged with Telos Systems. Frank's processing chops and Telos' digital audio skills resulted in the powerful Omnia family of audio processors for FM, AM, DAB, HD, and streaming applications. In 2008, Linear Acoustic merged with Telos, bringing Tim Caroll's extensive television audio background to the mix. Telos' telephone hybrids and on-air talk show systems continue to set the performance benchmarks. Zephyr codecs are the industry standard. There are more Omnias helping major market stations compete than all other processors combined. Axia is fast growing to be a leading provider of studio systems. Linear's reputation is swiftly rising as the foremost vendor of audio processing and encoding for TV, with an emphasis on digital transmission and surround sound. Telos Systems is headquartered in Cleveland, Ohio, USA.

 

Toon Boom Animation Inc.

 

Toon Boom Animation Inc. offers a wide range of user-friendly animation applications catering to the needs of children, home users, creative professionals, students, educators, and schools. Toon Boom's product range varies from powerful pre-production tools to leading-edge animation production solutions. Expert consulting services in the fields of optimization, pipeline integration, production assistance, and custom development are also offered. The client base ranges from major studios creating Hollywood blockbuster animated films to individual animators creating their first masterpieces including Nelvana, Warner Bros., Mercury Filmworks, Bento Box, China Central Television, Toonz Animation India, eMation, Rough Draft Korea, Alphanim, Cromosoma, and Enarmonia. Some of the prestigious productions done with Toon Boom's technology include Les Triplettes de Belleville, Looney Tunes: Back in Action, The Rugrats, SpongeBob The Movie, Hanuman, Curious George, Go West: A New Lucky Luke Adventure, Simpsons The Movie, Chico & Rita, and The Princess and the Frog.

 

Transelectric

 

Transelectric was established in 1969, under the name of Rudov Switch Panels Ltd. that focused on the manufacturing of switch board panels and the distribution of electronic components. Today, Transelectric has grown to become one of the leading players in the market catering a wide variety of customers including OEMs, CEMs, startups and multinational corporations. More than 480 active customers in various industries are served by more than 300 employees at Transelectric. Transelectric has two locations in Israel, headquarters in the center of Israel and production plant in the south. Products offered by the company include antennas, connectors, relays, cable assemblies, microwave and RF, ATCA, and active components.TRANS-IMAGE

 

Trans-Image has been providing video solutions for over 15 years. Established in 1989, the company now serves primarily corporate customers and also provides a range of products and services to support residential clients. The company is committed to offering a range of high-quality video products and services at affordable prices, providing friendly service and ensuring customers receive the end product as quickly and efficiently as possible. The most important factors in business today are service, cost, and communication. Being involved in the training industry since 1989, the company has the knowledge and expertise to provide a presentation to suit its customers' needs using non-linear video editing to create a DVD or CD.

 

TRAXVISION INDIA

 

Traxvision India is one of the market leaders in IP streaming with over 850 installations in India. Nearly all news channels are using solutions supplied by Traxvision. The company is among the first in India to launch IPTV and mobile TV solution. Traxvision's new product launches for the Indian market include: end-to-end mobile TV solution, end-to-end digital cable head-end, high-definition encoders and decoders, and MPEG4/H.264 encoder for content creation for video-on-demand. Some of the key achievements of the company include major contracts for M&A deals, JVs, MoUs in 2010. The principals and channel partners for the company include Minerva Networks Inc., USA, Adtec Digital Inc., USA, ATEME, France, Alcatel-Lucent, Vela Research Inc., USA, and Crypton Ltd, Ukraine. Principal/channel partners: Minerva Networks, Adtec, Ateme, Crypton, Vela, and Alcatel Lucent.TRINITY TECHNOLOGIES

 

Trinity Technologies is a Mumbai based broadcast automation provider with over 3,000 installations at cable TV networks for its movie max movie playout software. Its latest product StreamMax streams video content over IP networks and VideoMax is a playout solution for Blackmagic Decklink Cards. StreamMax and VideoMax comes with calendar based and sequenced playouts, channel logos, coming up bars, breaking news, scroll tickers, weather box, cricket scores, short code SMS polling, SMS messaging, video scaling, live input, and chroma keying. The best feature is that you can play most of the video formats like DVD, Divx, and Mpeg-2 without having to convert your files.

 

UNIFLEX CABLES LTD.

 

Uniflex Cables (now a subsidiary of Apar industries) is one of the leading electrical and telecom cable manufacturers in India, serving its customers since 1981 with a wide range of cables; well known by its brand name Unicab. It is the only company in India with the largest range and type of cables, both for electrical and telecommunications sector. The company has ISO: 9001 certification and its products are approved by leading consultants, customers, and contractors in India. The company exports about 25 percent of its production to international customers in Middle East and Africa. Product segment: copper telephone cables, fiber optic cables, elastomeric cables, medium voltage XLPE cables, LV XLPE/PVC cables, and composite and hybrid cables. The company has been awarded a commendation certificate by DRDO for developing specialized fiber optic cables for defense sector. It has developed specialty fire survival cables that can continue to transmit electrical and fiber optic signals even under fire conditions.

 

UTStarcom

 

UTStarcom is a world leader in IP based networking. With its focus on core markets, such as multimedia communications and broadband, including IP and entertainment, the company has developed industry's first and only end-to-end IPTV solution. One of the leading IPTV providers in Asia, UTStarcom continues to attract customer base in entire India with its Indian base at Mumbai and Bangalore. Its product includes IPTV, Set Top Box, Optical Network Unit, Broadband, FTTx, Multiservice Access Node, MPLS-TP Based Packet Transport Network (PTN), SDH Based Multi-Service Optical Transport (MSTP), RPR Based Ethernet Transport (RPR). With its belief in values like Innovation, Accountability, Execution, Integrity, and Unity, the company is sure to reach new heights in term of delivering next generation solutions.

 

VIACCESS

 

Viaccess S.A., a France telecom company, delivers solutions for digital pay television and secured content distribution. Backed by the considerable R&D resources of France telecom, its mission is development, production, and marketing of conditional access and DRM-based systems for all types of contents and services, for every kind of broadcast (satellite, cable, terrestrial, MMDS), and broadband networks, fixed (DSL), and mobile. Viaccess offers a huge product set to protect content in any distribution network, with solutions for operators, content providers and rights holders. Viaccess secures billions operator revenues with state of the art conditional access and DRM-based systems for more than 80 multi-channel pay television providers and digital content distributors in 30 countries.

 

VIDEOLABS

 

Videolabs offer electronics solutions; maintenance spares for TV post production studios, radio AM/FM, and television transmitters. The company is brand independent and with professional networking it virtually offer all electronics equipments and components. The company has 40+ years of professional experience and offer support to Doordarshan Kendras, all India radio and Indian defence at most competitive prices. Videolabs offers Canon, Fujinon, Sony, Raydyne, and Comstream products.

 

VIDEOLOGY

 

Videology is the leading supplier of multiple brands for equipment, cables, connectors, spares and accessories for broadcasting industry. The company supplies all kind of camcorders, VTRs, triax cable, and connectors along with all the regular use spares and accessories. Videology's mission, as a leading video camera developer and manufacturer serving industrial and security OEMs, is to provide the highest quality, most cost-effective products and solutions available. Videology designs, develops, manufactures, and distributes video, image acquisition, and display technologies and products to OEMs worldwide. The company maintains a can do spirit and approach against all odds. It also supplies low-cost cables and connectors for small studios. The company can also manufacture customized cables in any lengths with excellent quality and strength. The motto is to provide the best quality on time to its valued customers.

 

VIDEOCON d2h

 

Address: Bharat Business Channel Limited, First Floor, Techweb Centre, New Link Road, Oshiwara, Jogeshwari (W), Mumbai-400098

 

Tel: +91-22-61534567

 

Fax: +91-22-61534545

 

Email: ceooffice@d2h.com

 

Web: www.videocond2h.com

 

Area of operation

 

Videocon d2h is a direct-to-home (DTH) company with its head office located in Mumbai, India.

 

Videocon d2h launched its DTH services in July 2009. It has invested in state-of-the-art digital infrastructure and has partnered with global leaders in digital technology for the pay television market.

 

The DTH services provided by Videocon d2h are enabled with the latest MPEG4 and DVBS2 technologies. These audio and video compression technologies help in giving excellent sound and picture quality. There are 288 channels and services available on the Videocon d2h platform. Active HD music and entertainment, 22 audio video active channels, 12 PIP Mosaic, tickers, multilingual EPG, watch TV while you play, and d2h movies are some of the unique features of Videocon d2h.

 

The product range provided by Videocon d2h includes normal set-top box, HD set-top box with 3D, and high definition digital video recorder with 3D. This high definition digital video recorder with 3D acts as a bridge between a 3D television and a 3D feed from the broadcasters. Videocon d2h has six 24?o7 call centers located across the country with toll free contact numbers, manned by multi-lingual customer service associates equipped to resolve all the customer queries in 10 languages.

 

Videocon d2h is endorsed by a well known personality in the bollywood industry - Abhishek Bachchan. Videocon d2h as a company is constantly involved in innovating and introducing services that appeal to its customers and make TV viewing experience extremely delightful. And now, its new offering, HD DVR with 3D is going to transform the TV viewing experience.

 

No. of Employees: 700+

 

Principal/Channel Partners: Irdeto, IBM, Tech Mahindra

 

VISUAL TECHNOLOGIES India pvt. ltd.

 

Address: D-350, Sector-63, Noida

 

Tel: +91-20-2471000

 

Fax: +91-11-24378591

 

Email: vtidel@vtipl.com

 

Web: www.vtipl.com

 

Area of operation

 

VTI and BEI are the two leading companies in the country engaged in marketing and distribution of world renowned professional audio-video broadcast equipment all over India. The range of products includes video cameras, camcorders, studio and field recorders, video production switchers, logo generators, lenses, non-linear editing systems, monitors, plasma displays, microphones, routing switchers, virtual sets, character generators, tripods, batteries, TV transmitters, OB vans and DSNG vans, cables and connectors, and digital peripherals. VTI is an exclusive distributor for Panasonic Broadcast & Professional audio/video equipment in India. For the optimal utilization and performance of different products and for the benefit of our customers, the group has diversified its operation to provide important services, such as:

 

Consultancy

 

System design and integration

 

Turnkey and cost-effective solutions for hi-tech studios

 

DSNG/ENG OB vans

 

Servicing and after sales support

 

Teleport and studio facilities for rental purposes (operational at Sector 63, Noida)

 

Broadcast Equipment India Private Limited acquired a license for commercial teleport operations in India last year and the project is now under implementation. The company is able to provide complete broadcast solutions under one roof to its customers by providing productions facilities, ENG and EFP facilities, and teleport up-link and down-link facilities. VTI and BEI are among the first companies of its kind in broadcast Industry to have received ISO 9001:2000 certification from International Organization for Standardization. The group has its corporate office at New Delhi and regional offices at Mumbai, Chennai, Hyderabad, Kolkata, and Thiruvananthapuram to look after the interest of customer base all over India.

 

Principals

 

Panasonic, Hitachi Kokusai Electric Inc., Ross Video, SAV, FujiFilm, DataVideo Technologies Pte. Ltd., AVT Audio Video Technologies GmbH, Tamura, Larcan and Harmonic, Riedel Communications GmbH, VSN, Avitech International Corporation, Fujinon, Libec (Heiwa Seiki Kogyo Co. Ltd.), IDX, Canare Electric Co. Ltd., DPA, AVL Technologies, Vocas, D2Net, Thermodyne, Tote Vision, Digital Quest, TV One, VF Gadgets, Century Optics, Camrade, Azden Corporation, and Ruige.

 

No. of Employees: About 120

 

Principals/Channel Partners: Almost all the channels in India

 

Offices

 

Address: 370-371 First, Floor, Hospital Road, Jangpura, New Delhi-110014

 

Tel: +91-11-2437 9961-64

 

Fax: +91-11-24378591, 24375843, Toll free No.: 24376951

 

Address: Unit No. 34-35, Ground Floor, Oshiwara Link Plaza, New Link Road Extension, Jogeshwari (west), Mumbai -400102

 

Tel: +91-22-2635 9005-07

 

Fax: +91-22-2635-9008

 

Address: 35/23, Modern Towers, 2nd Floor No. 13 & 14, West Cott Road, Roayapettah, Chennai-600014

 

Tel: +91-44-2848 3981

 

Fax: +91-44-2848 3980

 

Address: F-42, First Floor, Agarwal Chambers, 5-9-1121 King Kothi, AHyderabad-500001

 

Tel: +91-40-2321 0325, 6662 6426

 

Fax: +91-40-2321 0299

 

Address: 1st Floor Southern Flat, 606, Lake Garden, Kolkata -700045

 

Tel: +91-33-2422 5438

 

Fax: +91-33-2422 5452

 

Address: TC5/99-2, Mamparambil Building, Fist Floor, Ambalamukh, Peroorkada, Thiruvananthapuram-695005

 

Tel: +91-471-2432 562

 

Fax: +91-471-2432 563

 

Address: D-230, Sector 63, Noida-201301

 

Tel: +91-20-2471000

 

Fax: +91-11- 24378591

 

VIDEOTRONIX

 

Videotronix is one of the leading players in the field of manufacturing audio and video products. The company has gained substantial recognition by designing, manufacturing and supply of the audio-video products. With more than 20 years of experience in the television and broadcasting equipment manufacturing industry, it has registered its name in the list of legendary manufacturers of the field of broadcasting stations, multimedia and computer related products, fiber optic audio / video and data interfaces, custom built items for defense sector, supply of 19" DIN racks, control consoles, installation and commissioning, and technical consultancy services. Some esteemed customers of the company include Doordarshan; All India Radio; public sector units like: BEL, ECIL, HAL, ITI; defense sectors like: ADE, ADA, ASIEO, LRDE; and many more.

 

Vislink plc

 

Vislink plc is strategically focused on providing secure communication technologies to customers in chosen markets. It specializes in wireless, video, and IP technologies together with the supporting management systems. Vislink's products include the design and manufacture of microwave radio, satellite transmission, and wireless cameras. It has manufacturing operations in the UK and the USA. Vislink has three international business units organized to serve our customers in news and entertainment, law enforcement and public safety,and the related services markets. With offices in the UK, USA,Dubai, South Africa, and Singapore it employs over 200 people.

 

VISUAL COMPUTING LABS

 

Visual Computing Labs (VCL), a division of Tata Elxsi Limited, part of the multibillion-dollar Tata Group, is focused on providing quality 3D animation, visual effects, and gaming services to customers worldwide. VCL leverages its unique mix of engineering and creative skills to offer services in pre-production, production, and post-production of content for advertising, film and TV, and gaming industry. VCL operates out of two facilities - Mumbai and Los Angeles. The key strength of VCL is versatility in handling diverse styles of animations plus offering VFX services under the same roof. The product and services include: stereoscopy, 2D to 3D conversion; animation, character design and story boards, pre-visualization, asset building, animation and effects; visual effects, opening titles and logo animation, 3D dynamics and particle effects, wire removal and color corrections, rotoscopy and matte cutting; games, graphics and game development, game art for consoles and mobile platforms, animation using Mo-Cap data.

 

Vizrt India

 

Vizrt creates leading-edge content production tools for the digital media industry, from award-winning 3D graphics and maps through integrated video workflow solutions and online publishing tools. Vizrt counts around 550 employees worldwide spread across 36 local offices. Installations are found in more than 80 countries, powering over 3,500 TV channels and around 600 Internet media sites. Having started as a company providing smarter solutions for on-air graphics, Vizrt today provides the digital media industry with a complete set of products. Graphics, video management, online publishing online, and streaming solutions are all covered. Vizrt's product suite is used by the world's leading broadcasters, publishing houses and telecom operators, including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, SVT, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, The Telegraph, Welt Online, Etisalat, and Telia Sonera.

 

VSN (Video Stream Networks)

 

VSN is an IT company which develops, sells, and installs software solutions for the broadcast and audiovisual markets. Created in 1990 in Barcelona (Spain), with branch-offices in Dubai (UAE), Miami (USA), Montevideo (Uruguav), and Brazil, VSN has been adding value to more than 1,000 clients from 80 countries for over 20 years. With its products like VSNIPTRANSFER (an optimal and innovative way to ingest and deliver audiovisual contents over IP networks and Internet in broadcast quality) and VSNFREEMOVE (a revolutionary tool for audiovisual production. It allows for real time camera movements on a virtual set, all of which provide complete freedom in production), it is sure to revolutionize the broadcasting industry.

 

WESTCOUNTRY BROADCAST

 

Westcountry Broadcast provides design, consultation, construction, installation, technical support, and maintenance services to the professional audio/visual Internet and broadcast radio and television user. The company's clients include state and commercial radio and TV stations, community and hospital broadcasters, schools, colleges, universities, and prisons as well as commercial organizations requiring broadcast facilities such as PR agencies, charities, newspapers, and publishers. The team of Westcountry Broadcast includes Nick Beer, Managing Director; Rita Badheka, Fellow director; Tim Ley, chief developer and architect of all Autoplus products, along with many other valued team members. Westcountry Broadcast has a network of dealers and distributors across the world, which primarily representing the company's Autoplus and ROSI brands. The company's focus is on doing a good job, for a reasonable price and maintaining a happy customer.

 

Wohler Asia Limited

 

Address: 1704 Lucky Commercial Center, 103 Des Voeux Road West, Sheung Wan, Hong Kong

 

Tel: +852 2851 8325

 

Fax: +852 2850 8182

 

Email: salesasia@wohler.com

 

Web: www.wohlerasia.com

 

Wohler Technologies was founded in 1987 and the company has rapidly grown to become the dominant provider of signal management solutions for the broadcast and pro A/V markets.

 

Major solutions include video confidence monitoring, audio confidence monitoring, closed caption/subtitling and ancillary data encode/decode/transcode/monitoring, and loudness processing/monitoring/alarms/logging.

 

APAC operations are based in Hong Kong which provides a full sales, support, and factory service center. Corporate headquarters are in the San Francisco Bay Area. Wohler Technologies offers a comprehensive range of products that simplify analog and digital source monitoring in facilities of all sizes and complexity.

 

Wohler products represent state-of-the-art monitoring and processing in convenient and compact designs. These solutions include intuitive visual routing systems that simplify video monitoring and routing while providing key functional enhancements, such as integrated multichannel communications, as well as 16-channel DSP products.

 

In keeping with Wohler's tradition of success and innovation the company has won major projects in India and throughout Asia while launching several strategic products in 2010 and 2011.

 

In addition to providing in-rack audio and video monitoring systems, the company has recently expanded captioning/ancillary data products and a broader range of video monitoring and switching solutions

 

Key solutions provided in India

 

16-channel and 8-channel Dolby Digital Plus monitoring solutions as well as Dolby Digital and Dolby E. The solutions are deployed in direct to home, digital cinema, satellite, OBs, studios, MCRs as well as other broadcast environments.

 

3G/HD/SD video confidence monitoring solutions with integrated in vision audio metering and markers such as center cross/safe title/safe area.

 

Loudness monitoring integrated solutions which are used 24/7 to enable service and content providers to obtain real time fast accurate loudness reading. The products are easy to deploy configure and operate.

 

Wohler's captioning/subtitling products are also an area of great interest in the Asian and Indian broadcast industry. Even though captioning and metadata oftentimes serve two uniquely defined applications, the HDCC series supports dual-channel HD/SD serves as an extremely powerful one-card-does-all solution to all these unique needs.

 

The versatile Wohler card supports all worldwide standards (OP47, WST, EIA-608/708) and can encode/decode/transcode in the VANC/HANC/VBI space. There are two unique channels per card, and each channel includes one clean program output and one monitoring output with a burnt-in display. With bypass relays, dual redundant PSUs, and incredible stacking densities of more than 20 channels in a 2RU frame, the card is designed specifically for mission-critical on-air environments; however, it is equally well suited for edit suites, head ends, or other monitoring-only situations in which the program outputs can also be configured for burnt-in displays.

 

The transcoding feature on Wohler's HDCC Series is extremely cost-effective, as it allows data to be extracted from one stream in HD/SD format and inserted onto the other channel in HD/SD format.

 

The Pandora loudness monitor is commanding a high level of interest in India. This unique compact touch screen product supports two to eight channels of audio metering and histogram supporting SDI embedded and AES audio formats. An excellent loudness tool complete with ITU1770/1771 and EBU-R128 capabilities which can be deployed throughout the entire broadcast chain.

 

No. of Employees: 80

 

Project Portfolio

 

Dolby Digital Plus audio monitoring solutions

 

Close captioning/Subtitling & ancillary data solutions

 

16-channel audio/video combination monitor

 

3G/SDI signal audio/video monitoring

 

16-channel visual video router with live video on OLED press buttons

 

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Not easy to say 'Na, Na, Goodbye' to Faust

 

Daily Herald (Arlington Heights, IL)

07 April 2011

 

[What follows is the full text of the article.]

 

Organist Nancy Faust walked away from the White Sox with a World Series ring, a personalized bobblehead of her in action at the keyboard, a fan letter from President Barack Obama and 41 years of great memories. Today, for the first time since 1969, Faust will take in the White Sox home opener from somewhere other than her organ perch at the ballpark.

 

"There is a great likelihood I'll be in front of the television set," Faust says from her home in rural Mundelein where she lives with her longtime husband, Joe, and a menagerie that includes their dog, Patches; Harold the rooster and his hen, Black Raspberry Jam Jenkins; perennial visiting Canada geese Ringo and Starr; and Faust's beloved trained donkey, Mandy. An avid animal lover, Faust took home her first donkey after no one claimed the living prize in a contest hatched by colorful Sox owner Bill Veeck.

 

Like most legends who retire from baseball on their own terms, Faust, 64, admits to being torn.

 

"Sometimes your heart and your head conflict with each other," she says. "Sure, I'll miss it."

 

She and her husband still operate Faust Organ Rental (www.faustorganrental.com) and Faust plays for private events ("I'm learning 'Heartbreaker' for a 40th birthday party"). She hasn't played her trademark version of the song she calls "Na, Na, Goodbye" since she wowed a Lions Club convention in Itasca a couple of weeks ago. But she can't shut off her baseball talent. When she hears the name of new Sox outfielder Lastings Milledge, her head and heart command her to play "This Will Be the Last Time."

 

As a cute, 22-year-old blonde hired by Veeck at the start of the 1970 season, Faust reinvented the role of a ballpark organist by incorporating rock and pop songs into her repertoire.

 

"I remember sitting there, thinking, 'This is the greatest job in the world,'" says Faust, a psychology major and music minor with a great memory, quick wit and able fingers. "I had the right outlet for the one thing I could do."

 

She credits her husband and fans with helping her think of clever songs. Sometimes her song fit the player, such as when she serenaded Sox all-star Dick Allen in the early 1970s by playing "Superstar." Other times, Faust's tunes were riddles requiring the fans to play along. Fans laughed and felt in on the joke when they figured out the song "In-A-Gadda-Da-Vida" was a play on the name of player Pete Incaviglia, or that Faust's rendition of "I Could Have Danced All Night" for Chone Figgins was a "My Fair Lady" reference to the character Professor Higgins, which rhymes with Figgins. Faust drew bilingual chuckles when she greeted visiting Cub Henry Blanco with "A Whiter Shade of Pale."

 

Always available to fans, Faust took requests. Acquiescing to tastes beyond the literary library of most baseball fans, Faust once followed a fan's suggestion to welcome Detroit Tiger Brandon Inge with The Hollies' song "Bus Stop" in reference to the classic work "Bus Stop" by playwright William Inge. The next day, two fans excitedly rushed up to Faust to tell her that connection was brilliant.

 

"I guess I made three people happy," Faust says. "The fan who suggested it and those two."

 

The personal connections follow her into retirement. Fans turned into friends. Faust became part of their extended family.

 

"I saw generations of people come and go," says Faust, whose "office" at the ballpark was packed with photos of her fan family. "These families would come in with their kids, and their kids would come in with their kids. There are a number I'll probably always stay in touch with."

 

Faust and her husband recently spent time in Arizona with musician Roland Hudson, who has the distinction of filling in for Faust when she missed five games due to the birth of her son, Eric, now a 27-year-old engineer in Chicago. Eric, who also plays percussion in an orchestra, took his first baby steps on the outfield grass of the old Comiskey Park.

 

"They've always treated me beautifully," Faust says of the White Sox owners and management. She'll go to some games this year, but she doesn't want to cause added pressure for her replacement, Lori Moreland, the 52-year-old organist from Our Lady of Knock Roman Catholic Church in South suburban Calumet City. Faust remembers how, when she started her Sox career, some fans circulated a petition demanding the Sox bar a woman from being the ballpark organist. Now, she's a legend.

 

Or, as No. 1 Sox fan Barack Obama wrote in a letter sent in November to Faust's home: "Over the course of your career, you have demonstrated the ability of music to harness the energy of a crowd, capture the excitement of a moment and leave a lasting mark on our memories. Baseball remains our national pastime and I hope you take pride in the role you have played in enriching this American experience for players and spectators alike."

 

Faust says she hopes fans embrace the new organist. But it's clear that we fans aren't quite ready to sing "Na, na, na, na. Na, na, na, na. Hey, hey, hey. Goodbye" to baseball's greatest organist.

 

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Frederick Rousseau he''s seen things you people wouldn't believe

 

Pro Sound News Europe

01 March 2011

 

[What follows is the full text of the article.]

 

* Not many people can claim to have played in front 0/2.5 million people at one time. Frederick Rousseau can. He was up on stage with Jean Michel Jarre at the. Paris La Defense concert in 1990 - back then the biggest gig in the world.

 

He helped build the first polyphonic sequencer for Jarre, and joined him on tour at his famous Concerts in China in 1981. But this Frenchman has a unique track record, working with not just one synth legend but two: in 1982 he was invited to assist Vangelis with the Blade Runner soundtrack. He stayed with the Greek maestro and oversaw the technical side of Jon and Vangelis' seminal Friends of Mr Cairo album at Studio Davout. "We went into Musicland in Paris and bought every synth in the shop," he recalls.

 

A successful musician and composer in his own right, Rousseau, 52, has spent the past three years working with IRCAM, the renowned contemporary music and audio research institute located beneath the Pompidou Centre in Paris. Recently, Rousseau brought third-party developer FL UX into the, frame: now FLUX is converting IRCAM's creations into tools suitable for the modern workflow, as well as marketing and selling the products. The first three IRCAM Tools plug-ins are called Verb, Spat and Trax: Verb was reviewed in PSNE January 2011.

 

What is your role at IRCAM?

 

"When I arrived here my first job was to identify technologies in all the boxes from 30 years of research. Research at IRCAM had been carried out, put in a box - done. I said to them, you have amazing equipment that we can [exploit], because people want this kind of original technology.

 

"My main position is 'research valorisation' - I'm taking the technology to different companies. I have to push IRCAM, which has researchers in five departments including spectral analysis, modelling synthesis and acoustic treatments, to finalise things. IRCAM works in its own [programming] code (MATHLAB or Max/Msp), whereas the industry wants C++; I have been pushing them for three years to do that, rather than just putting things back in the box."

 

Has IRCAM undertaken 'valorisation' before?

 

"Yes, but working with people like Rolex, making the sound of the 'tick-tock' of a watch two years before Rolex goes on to make the watch. I explained that they need to get this technology to the music and cinema business, the sound engineers need it. So I did this deal with FLUX -because as a research institute IRCAM is not able to design, market and sell [its product] - we give FLUX the code, they do the rest."

 

What's it like inside the IRCAM 'bunker'?

 

"It's funny, if you look at pictures of IRCAM from late '69-'70, you feel that it was 10 years ahead of its time - everything was digital, computers, things like that. If you look at keyboard magazines from this period, you see modular Moogs, analogue synthesizers, but nothing digital.

 

"Now, that advance is shorter; it's more difficult for IRCAM to stay ahead. The only thing we have proven is that IRCAM's code is better quality than all the rest. If you compare the time-stretching algorithms we have at IRCAM with those of [a leading commercial developer], IRCAM is amazing.

 

"When I first turned up there, the only thing I knew was Zappa Boulez [a 1984 album The Perfect Stranger - Frank Zappa's music recorded at IRCAM with Boulez conducting]. I discovered the contemporary music there, and an amazing quality of sound designing. The code reflects this: making high-quality sound for contemporary music requires better code than you need for rock music, you see!"

 

What of the FLUX deal?

 

"My main difficulty [at first] was to find a company that respects IRCAM's methods. When I met FLUX, I knew it was right. We have signed a deal for seven years and we will make two new products per year - so we will finish with between to and 15 products issued from IRCAM research."

 

You've worked with Vangelis and Jean Michel Jarre - that's rare, isn't it?

 

"You normally have to choose your camp! I started with Jarre, the Concerts in China, which were attended by 60,000 people in 1981. We developed the first polyphonic sequencer, the MDB with eight CVs and gates. I made Zoolook with him -and I played keyboards and programmed the Fairlight sequences. It was an amazing experience for me and certainly the last great album he made.

 

"Then I had a phone call from the guy at Dreyfus, he said, 'You kill my artist! This album is a piece of shit. No hits ...' And I said, 'Sorry, I think we've made a really interesting album'.

 

"Finally Zoolook had some success, then Jean Michel called me for the next album, and he came up with Rendez-vous and I said sorry, I am not a fan, you can do that without me! And I decided with friends to create Studio MEGA in Paris. The next time I saw Jarre was for the 1990 show for La Defense, and I re-did all the intros, all the sequences. Two and a half million people in Paris, what an experience!"

 

And what of AKA Evangelos Papathanassiou?

 

"I programmed the synths for the Blade Runner soundtrack. The Yamaha CS80 work is pure Vangelis, but he wanted to have something modern and electronic for Blade Runner. The DX7, the PPG, different synths were coming out, but he didn't want to touch anything apart from the CS80. So he called me.

 

"When I arrived in the studio in London he had the CP80 classical piano and the DX7 on the top. This was the beginning of MIDI, of course. Vangelis said, 'This DX7 doesn't work, I put the MIDI in but nothing happens'. I checked the MIDI cable, which was in the DX7 and I followed the cord, and I came to a jack -he'd put a jack on the Audio output! [Laughs] I said, 'It cannot work like that! It is a digital signal!' He said, 'Well that's a piece of shit ...' [Laughs] And after that we had fun for more than 20 years. He is a real amazing guy."

 

Of the IRCAM material you are looking to commercialise, are tools going to come out that we haven't seen anywhere else?

 

"We are going to make a stretching [plug-in] because we have an amazing engine for that. There will be a physical modelling engine to create sound libraries, that will run in Kontakt or similar; and a reverb that works directly with the impulse response, not through convolutions.

 

"We have something we have called Identity Converter. You talk for a few hours into the machine. The machine will record you and analyse you. Then I take the microphone and I talk ... but it's your voice coming out on the speakers. In real-time.

 

"To make the demo, we've been analysing Charles de Gaulle speeches and using Nicolas Sarkozy's speeches to trigger it ... and it's de Gaulle speaking. This is real-time spectral analysis and replacement. It's an interesting technology for video games and film. When I talked to [director] Oliver Stone, he said he could use this with his actors: he's always adding lines afterwards. With this technology, he wouldn't have to call them back - he could generate the extra lines from the recordings he already has."

 

You said you were disappointed that there wasn't enough new stuff at NAMM 2011.

 

"What I love is being surprised. It was my 30th NAMM - for the first 15 years I was surprised. The main surprise I saw this time is the Fairlight coming back!"

 

Roland have a virtual accordion. I thought, being French, that might appeal?

 

"That's cool but it's not a revolution."

 

Tell me about your own studio - after all, you're a successful musician in your own right.

 

"I had a studio but I've closed it for the moment. I keep the idea that I had with Vangelis, to make a studio in glass - completely transparent. So when you are playing in the middle of the night you are directly linked to the cosmos. Nothing can destroy your improvisation."

 

Your house is on fire and you could run in and save one piece of technology. What will it be?

 

"I don't care. I leave everything burning because this event will give me new ideas. I never look at the past - I want to keep going forward. What is that point of making 1RCAM Tools aged 52 years? Because I need things that I've never had before. Never look back."

 

www.fluxhome.com

 

UBM Information Ltd.

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SEX IN THE CITY; London is a hotbed of illicit hideaways, from the cushioned lift at Claridge's to the steamy depths of Clerkenwell's Bathhouse. With a little help from our most libidinous friends, ES has uncovered the capital's 75 sexiest places. Enjoy..

 

The Evening Standard (London, England)

04 February 2011

By Portraits by Amelia Troubridge

 

[What follows is the full text of the article.]

 

IF YOU LIKE IT OUTDOORS

 

1 PARLIAMENT HILL Since I was 13 and the school chaplain took me to the top of Parliament Hill it has been a very special place for me. There's a bench and if you go past at midnight you can have the whole top of the hill to yourself. I find that there's something about being in a park and having the whole of the city falling down in front of you, and the stars and the moon, that is incredibly arousing. There's also an old tree on Hampstead Heath that has a secret cave in it; unfortunately, the last time I went the secret had obviously got out and it was all rather sordid.

 

Viktor Wynd, chancellor of The Last Tuesday Society

 

2 CHELSEA PHYSIC GARDEN When I was very young, romantically ambitious and predatory, I used to find poetry a useful assist in the sport of seduction. Chelsea Physic Garden is as fine a venue for a flirtatious recitation as you could wish. Find a bench near an aphrodisiac plant, bella donna perhaps, and read Andrew Marvell's melancholy The Garden or better still his mischievous To His Coy Mistress. Very reliable. chelseaphysicgarden.co.uk Stephen Bayley, design guru

 

3 SYDENHAM HILL WOOD If the bosky scent of dells and the idea of spongy moss against naked flesh gets you going, Mellors and Lady

 

Chatterley-style, there remain a few pockets of urban woodland in London that provide fertile ground for al fresco fun. Sydenham Hill Wood, a verdant triangle of ancient oaks, the last remnant of South London's Great North Wood, is where the Victorians came for illicit outings and where, today, the young bucks of Dulwich College come to do their frotting.

 

SIR STUART ROSE ON THE SERPENTINE BRIDGE 4 If you want a bit of a hot charge, London is the sexiest city in the world. In the 1960s there was a sexy buzz around Carnaby Street and the King's Road, but now you can go anywhere in London to express your romantic side. When wooing I like to walk through Hyde Park and over the Serpentine Bridge, which never fails to uplift and inspire. The symbolism of the bridge as the male sex organ bridging the gap between man and woman is a bit too Freudian for me, but there is a sense of joining one side to the other, the sensation of a journey.

 

The view from the bridge can be brooding on an autumnal day, and fantastic on a spring day when you can see all the way down to the Houses of Parliament and Westminster Abbey. It's always alive with people. Mostly you see couples hand in hand, from more seasoned lovers to young couples with babies. It's a people place and a couples' place. I've had many a significant conversation in this park, walking through with people I'm romantically attached to.

 

As a Piscean, I'm a romantic at heart; I still believe in Valentine's Day. In the past I've made my own cards and sent them anonymously with tulips. They're my flower of choice because of their unadulterated simplicity. I'm not that fussed about music, but I will charm with food. Aphrodisiacs are seasonal; in spring there's nothing nicer than gulls' eggs with a glass of Chablis, and in the winter I'd chose to comfort with steak and kidney pie. I like a bit of formality so I enjoy dressing up for an evening out. I'm a leg man and I love it when girls dress up, too. Women often ask me what scent I wear: I'm a one-scent man and I've worn Acqua di Parma for the past 15 years.

 

From a retailer's perspective, sex sells. The two strongest marketing words in the English language are 'free' and 'sex'. Put them together and it's a definite bestseller. Hannah Nathanson Sir Stuart Rose's career in retail was crowned by six years as chief executive and then executive chairman of Marks & Spencer; he stood down last month. He is divorced and lives alone in Kensington

 

5 THE WATERLILY HOUSE AT KEW GARDENS Air heavy with moisture, glass fogged with tropical heat, pink-tipped lilies thrusting up through the glassy black water... Just make sure you don't visit during half-term. kew.org

 

6 THE ALBERT MEMORIAL IN KENSINGTON GARDENS Climb the white steps, stop beneath the golden throne and statue, stand beneath the soaring, surging tower and spire, survey the world, whether in bleak Kensington winter, or balmy summer, and you're a king of London .

 

Simon Sebag Montefiore (Jerusalem: The Biography is out now)

 

7 LONDON FIELDS LIDO Something about swimming in the open air in the depths of winter brings out the Scandinavian in us. There's no better place to indulge the strapping Nordic sexbot that lurks within than at London Fields Lido, with its modernist lines, atmosphere of good health, and hipster clientele drawn from the capital's best-looking borough. After an afternoon's breaststroke, drawing bracing rasps of oxygen into the lungs, the steam rising from the skin, we're ready to lose our inhibitions. Risky place for a first date, perhaps, but worth a try for the second. hackney.gov.uk

 

8 THE CRICKET PAVILION IN BATTERSEA PARK The wonderful thing about cricket is that it is such a boring game that no one will notice if you sneak offthe outfield for a quick one with someone else's wife behind the pavilion. I have always liked Battersea Park best because the class of lady there is superior. Rufus Albanese, restaurateur

 

9 THE PRIVATE GARDENS OF NOTTING HILL It was Alan Hollinghurst who gave the genteel walking grounds of moneyed West Londoners their homoerotic charge. In his wonderful 2004 novel The Line of Beauty, the gay hero, Nick Guest, loses his virginity to a boy named Leo in the garden of the Conservative MP with whom he is staying. '...[J]ust before he came he had a brief vision of himself, as if the trees and bushes had rolled away and all the lights of London shone in on him: little Nick Guest from Barwick, Don and Dot Guest's boy, fucking a stranger in a Notting Hill garden at night. Leo was right, it was so bad, and it was so much the best thing he'd ever done.'

 

10 THE DOGGY WASH AT THE SPANIARDS INN ON HAMPSTEAD HEATH Last autumn I became privy to a scene going on at weekends beyond the northern fringe of Hampstead Heath, in the rear of the car park of The Spaniards Inn, just before dusk. Some think it sexy - it certainly starts out filthy. There may be a footballer, an incognito pop star, a couple from St Albans... all kinds. Initiates call it 'dog-washin'. It was after an afternoon yomping on the Heath with my shark-toothed Staffie that I first discovered it, for there we came upon a boisterous convention of border terriers, shar-peis and boxers waiting with their owners to enter the coin-operated dog shower. Afterwards, with pooch sparkling, we repaired to a cosy nook in the ancient inn for a few pints. Legend has it that the upstairs is haunted, though downstairs was filled with warm souls and, since water bowls abound and dogs drink free, happy mutts.

 

James Scott Linville, screenwriter of The Garden of Eden 11PUTNEY EMBANKMENT A rosy-cheeked walk with your beloved along the embankment at Putney, trailing the river all the way down to Barnes, past the Harrods storage depot, stopping offfor a pub lunch at The Sun Inn in SW13. This is a walk the protagonists do in One Day by David Nicholls. Elizabeth Day, journalist and novelist

 

12 THE LIFT AT CLARIDGE'S All the best celluloid sex scenes are in lifts; these require a breathless, spontaneous approach and the atmosphere is heightened by the confined space. London's lift lovers need look no further than Claridge's sumptuous, cushioned cubicle. There's a mirror for added fun, and fetishists will enjoy the old-fashioned grille clanking back and forth. Brook Street, W1 (claridges.co.uk)

 

13 CHANGING THE GUARD AT BUCKINGHAM PALACE Changing the Guard is terribly sexy. All those fit men in their tailored uniforms, tight thighs astride their horses, standing rigid to attention, waiting on one woman, their monarch and Queen. What woman doesn't fantasise about that? Daisy Prince, writer

 

14 KENSAL GREEN CEMETERY When I had a teen crush, my favourite place to resolve it was on a ghost train. Fear is a love elixir, when you're in the dark, holding hands, shivering with delight. For a more refined taste of the erotic in the eerie, visit Kensal Green Cemetery (below right), host to London's most desirable dead bodies since 1833. On the first and third Sunday each month a tour meanders among monuments to the likes of Brunel and Thackeray, before descending to the catacombs, where coffins have lain undisturbed for years. You may not meet Robert Pattinson in the icy oculi (brick chambers) but lose yourself in the shadows, hug a little closer, and who knows...

 

Catherine Blyth, author

 

15 THE ARCH BRONZE FOUNDRY Behind two large doors in a Putney street, beneath crumbling arches smothered with ivy, is the Arch Foundry. Here, strong men in dirty overalls lift enormous pieces of art as the massive crucible bubbles with boiling bronze; when the kiln is blasting, the temperature rises so high that their overalls are unravelled to reveal rippling muscles. There's lots of sweat and dust, casts by everyone from Paolozzi to the Chapman brothers are scattered about, and beautiful imperfect sculptures line the walls, a silent, benevolent audience to all this heightened sexuality. Winthrope Road, SW15 (archbronze.com) Tanya Brett, sculptress

 

16 COCO DE MER A boudoir with framed silk knickers on the walls and all manner of erotic ephemera on the shelves, including a soft leather pillow and gag with 'prayer' cuffs, violet glass dildos, white lace blindfolds and horsehair whips. Most intriguing is the [pounds sterling]5,220 Tally Ho Chair by flamboyant homeware designer Mark Brazier-Jones, complete with stirrups... The boutique's position next to the genteel Daphne's restaurant, filled with Identikit squeaky-clean Sloane ladies who lunch, adds a frisson of the forbidden to proceedings. 108 Draycott Avenue, SW3 (cocodemer.com)

 

17 RIDERS & SQUIRES Jilly Cooper knows the allure of a tight pair of jodhpurs and shiny leather boots. If the scent of leather and the clink of a bridle gets you frisky, head to Riders & Squires in Kensington, where all your needs will be met. 8 Thackeray Street, W8 (ridersandsquires.co.uk)

 

18 THE LONDON AQUARIUM SHARK TANK Not for nothing did Clive Owen meet Julia Roberts for a sexy rendezvous by the shark tank. Stand pressed against the cool glass in the blueish semi-darkness and watch the deadly predators slip smoothly past in search of a tasty, defenceless morsel - the truly bloodlusty arrange to meet at feeding time. visitsealife.com

 

19 CHELSEA FIRE STATION It's no use pretending that we don't all love a fireman (or woman, naturally) - rippling muscles, flameproof uniforms, heroic behaviour - but the position of Chelsea's fire station slap in the middle of the King's Road, so that you can't help but be distracted from a busy Saturday afternoon's shopping by the sight of them polishing their big red engines, makes the Chelsea boys and girls particularly hard to ignore. If you're really lucky, you'll spot them doing drills up and down the towering inferno practice tower out the back. Ding dong!

 

FOR ILLICIT L IA ISONS

 

20 GORDON'S WINE BAR The oldest wine bar in London is scandalously dark, cavernous and candlelit, with an epic list of wines by the glass. You sit amidst the barrels under the arches of the Embankment with the ghosts of Samuel Pepys and Rudyard Kipling to keep you and your increasingly inebriated date company. In summer you can spill outside on to Watergate Walk to get fresh. 47 Villiers Street, WC2 (gordonswinebar.com) Olivia Cole, journalist

 

21 THE BATHHOUSE Built in the 1890s, this Turkish bathhouse near Liverpool Street has only a small kiosk in the old churchyard hinting, Tardis-like, at the labyrinthine complex beneath the pavement. This was a steamy netherworld of marble, mosaics and plenty of twiddly bits creating 'an arena in which health, pleasure, culture and curiosity could collide; a mystical world far from restrictive Victorian society'. Descend the spiral staircase to the restored bathhouse today and find yourself in a wonderland of decadence, complete with cabaret acts and burlesque performers. 7-8 Bishopsgate Churchyard, EC2 (thebathhousevenue.com)

 

22 SMOKING TERRACE AT THE CLUB AT THE IVY With its heated stone bench and modernist sculpture of an embracing couple (concealing the ashtray) this terrace is the place where London's beautiful people seduce each other beneath plumes of nicotine. The art world's prom king and queen, Polly Morgan and Mat Collishaw, practically live up there.

 

9 West Street, WC2 (the-ivyclub.co.uk)

 

23 CHELSEA ARTS CLUB From its lush garden, ideal for furtive fumbles behind the palms, to the intimacy of the candlelit dining room, to the shadowy minstrels' gallery, this members' club offers libidinous arty types the perfect setting to indulge in nights - and days - of dissolute behaviour. Upstairs, the bedrooms are all the sexier for their spare decor (and cheap rates), and boast romantic views over Chelsea gardens. Old Church Street, SW3 (chelseaartsclub.com)

 

24 The Cardinal Suite BLAKES HOTEL The boudoir vibe and dark velvets are reminiscent of Le Marais, in Paris. 33 Roland Gardens, SW7 (blakeshotels.com) Jamie Reuben

 

25 THE RASUL AT ELEMIS DAY-SPA Forty-five minutes of intimate, steamy mud-rubbing and rain-showering in a private rasul for two makes this Arabian cleansing ritual the sexiest treatment in town. 2-3 Lancashire Court, W1 (elemis.com/dayspa)

 

26 DUKES HOTEL BAR Down a cobbled alleyway in St James's sits Dukes hotel, an intimate establishment with a reputation to match. The bar - rather, its discreet barman, Alessandro - is famous for miraculous Martinis, the perfect way to start a secret liaison. And even if you are spotted, no one will tell... nobody there is with who they're meant to be with.

 

St James's Place, SW1 (dukeshotel.com)

 

27 BLACK'S MEMBERS' CLUB This Georgian Soho townhouse is all wood panelling, dim lighting and opulent decor, with creaky floorboards, Hogarth prints and open fires lending an air of timehonoured, genteel debauchery. After a meaty dinner, retire to what is fondly known as the 'bugger room' where the hot-spot is the kilimstrewn bed in a shadowy nook. 67 Dean Street, W1 (020 7287 3381)

 

28 THE GRENADIER Bag a window stool on a winter's night for the perfect assignation venue. Presuming, that is, you can locate it. Tucked behind The Lanesborough hotel, this pub is as tricky to find as any Soho sex den, but the sentry box standing to attention outside will point you in the right direction. The intimate interior is decorated with shiny sabres and bushy bearskins and there's a tiny restaurant at the back - we recommend the jumbo sausage. Wilton Row, SW1 (020 7235 3074)

 

29 THE JACUZZI AT 33 PORTLAND PLACE At this artfully decayed 18thcentury mansion, London's louche master of revels, 'Lord' Edward Davenport, hosts celebrity parties that frequently get out of hand. Killing Kittens also hold their famous swinging soirees here for 'the world's sexual elite', making good use of the large Jacuzzi. But according to Eddie, the sexiest moment of all was when Kate Moss filmed the raunchy short The Four Dreams of Miss X here for Agent Provocateur. The less said about The King's Speech (also filmed here) in this context, the better. 33portlandplace.com at Blakes

 

30 THE David TABLE TOPS AT THE BROMPTON CLUB I love dancing on the tables at the Brompton Club. The music is fantastic and they do a lovely champagnefuelled NYC brunch if you stay long enough. It is incredibly decadent. 92B Old Brompton Road, SW7 Alison Jackson, photographer

 

31 CENTRE STAGE AT THE BOX Simon Hammerstein opened The Box in New York around the time I was setting up our office there in 2007. The risque cabaret club raised eyebrows with the mind-blowing performances of The Raven, the dramatic half-angel half-devil host, and the sequin-clad dancer Kaitana Magno got the crowd hot under the collar. I later helped him bring it to London for one night only at Wilton's Music Hall during the Frieze Art Fair. It was a roaring success. Now it's about to open here permanently, in the legendary den of vice that was once Raymond's Revue Bar, the naughtiest venue in post-war London. It will be a reservation-only affair well worth the waiting list.

 

Ben Elliot, Quintessentially

 

32 THE STABLES AT PROUD CAMDEN This former horse hospital has hung on to its stables, ensuring various options for cosying up while the likes of Mark Ronson and Daisy Lowe DJ in the gallery space next door. You can even hire a whole stable for you and your strapping ostler. proudcamden.com

 

33 THE BLITZ PARTY Were Londoners ever more highly sexed than during the Blitz? All that painting on of stockings, sexy GIs and nights spent in cosy bomb shelters. But you don't have to be a time traveller to wave your victory flag. Every month, beneath the railway arches at Shoreditch Studios, The Blitz Party puts on a night of 1940s revelry with swing bands, a sandbags bar and nurses tending to wounded heroes. The Arches, 54 Holywell Lane, EC2 (theblitzparty.com)

 

34 LA SOIREE With a raunchy roster of performers on rotation, La Soiree is an unbeatable way to woo. Don't miss Ursula Martinez playing her Spanish guitar while setting her nether region alight, the sultry songstress Camille O'Sullivan, an aphrodisiac personified, and David O'Mer's bathtub ballet, which will leave you wet (literally). At the South Bank Big Top until 27 February (la-soiree.com)

 

35 THE LAST TUESDAY SOCIETY Flirts and extroverts gather at this itinerant party where dressing up is de rigueur. Whether it's a Victorian bodice or a lame body stocking that gets you in the mood, everything requires a hint of kink. Plus there are hot tubs, chocolate fountains and up to 2,000 revellers at each riotous assembly where after midnight things all get a bit Eyes Wide Shut. Don't forget your fig leaf. thelasttuesdaysociety.org

 

36 THE BACK OF A BLACK CAB If dates are slow-moving then there's nothing like stepping into a black cab (revealing some leg as you go), toppling on to the worn leather seats and racing through London, the red numbers on the meter clocking your progress as you're tossed around in the back, inching closer to each other. And all with the added frisson of trying to get up to no good without getting caught out by the unsuspecting cabbie, your modern-day coachman.

 

ASHLEY WALTERS IN THE LIBRARY AT SKETCH

 

37 I was in a relationship for 12 years, but now I'm single and ready to mingle. I'm not picky when it comes to a lady, it's the attitude I find sexy. I don't have a type, but I do love a nice arse. Good underwear is important and it has to be matching, down to the socks. But I'd hate a relationship to be purely physical; I spend a lot of time talking so I need a woman who's smart. Not too smart, but I need her to seduce me. I've never made the first move, I'm shy.

 

I'm obsessed with food so the way to my heart is through my stomach. Sketch is my ideal date venue; it has everything - the food, drink, music, atmosphere - but mainly it's sexy because I can relax there with my lady over an amaretto on a nice sofa in the corner. Just being interested in a woman gets you in. And women love to laugh; I've seen some ugly guys pull really nice-looking girls just by making them laugh.

 

If it's a bit of a cheeky night I'd book a room at Sanderson, otherwise it's straight home, on with Trey Songz's album, Passion, Pain & Pleasure, and it's a wrap. Any song by that guy is sexy-time music. If my belly's full then my lady is guaranteed some good lovin'. I have to keep my socks on, though. I keep them on at all times and never get any complaints. I'm into steady, standard sex - apart from when I was about 16 and did it in Burgess Park in Southwark. Now I'm 28 and about to start my second childhood and have some fun, so watch out ladies.

 

9 Conduit Street, W1 (sketch.uk.com) Lucy Hunter Johnston Actor/musician Ashley Walters, 28, caused a stir when he stripped for OffDa Endz at The Royal Court last year - fans made a Facebook appreciation page for his rather large talent. He lives in South London with his four children THE NAUGHTY BOY N E XT DOOR

 

T HE SPICE GIR L RAVINDER BHOGAL AT HIX

 

38 The downstairs bar at Hix in Soho has to be one of the sexiest experiences in London. There's something incredibly old-fashioned and decadent about it. For me it has the allure of the 1950s and 1960s, when things were more discreet and there was a veneer of gentility but in private everything was more wanton. When I go on a date I don't like to be too brazen at first. I put on high heels and a black lace vintage dress from a boutique called Vintage Modes and very little else. I like that hide-and-seek element; people wonder what you're wearing underneath. That's so sexy.

 

I find the idea of people feeding each other incredibly hot. For the ultimate sexy meal I'd invite George Clooney and Ed Westwick and serve something decadent like lobster poached in an entire block of butter with triple-fried chips. No cutlery, just eat with your fingers. And lots of champagne: pink Laurent-Perrier and Louis Roederer. I learned to cook from my mother, who said that a way to a man's heart is through his stomach. I'd tell her, 'Yes, but if you try and fail, then there's always the zip on his trousers.' 66-70 Brewer Street, W1 (hixsoho.co.uk) Hannah Bort Ravinder Bhogal, 31, is an award-winning food writer, chef and TV presenter. She has a new TV show in the pipeline and her second book comes out later this year

 

39 THE NAPOLEON CELLAR AT BERRY BROS Down a slippery stone staircase, past cases of dusty old bottles of wine, is the vaulted Napoleon Cellar (above), so called because Napoleon III plotted his return to France here. A little damp and very dark, dinners are fuelled by vintage champagne and Langhe Nebbiolo wine. After which it is all too easy to have a secret assignation behind a stone pillar. 3 St James Street, SW1 (bbr.com)

 

40 THE BASEMENT AT TERROIRS Thick hunks of salami, sweet little clams dunked in a quivering aioli, Terroirs Wine Bar & Restaurant is the place for those who like their meat rare and their biodynamic wine full-bodied. Have a late dinner in the basement restaurant, with lots of sharing platters, and you can be sure the evening will end merrily. 5 William IV Street, WC2 (terroirswinebar.com)

 

41 A WINDOW SEAT AT WRIGHT BROTHERS All that prising open to reveal the tasty, moist bivalve within: is there anything so sexy as a plate of oysters? And the best place to indulge is most certainly Wright Brothers in Borough Market, where fellow crustacea lovers squeeze themselves into the cabin-sized space to let salty lemon juice dribble down their chins.

 

11 Stoney Street, SE1 (thewrightbrothers.co.uk) Summer Litchfield, journalist

 

42 THE PRIVATE TABLE AT QUO VADIS A secluded haven overlooking the debauchery of Dean Street, the private Leoni Room upstairs at Quo Vadis was intended to be a brothel, but the original owner, Pepino Leoni, refused the illicit deal suggested by the police of the time and insisted his building remain a restaurant. There is something about the place, though, from the low candlelight, to the sumptuous decor, that causes the juices to flow, and many an amorous couple has been surprised on the stairway that leads to this private hideaway. 26-29 Dean Street, W1 (quovadissoho.co.uk)

 

43 A CANDLELIT TABLE AT ANDREW EDMUNDS Sometimes romantic is sexy and the most romantic spot in London is the candlelit table for two in the window of Andrew Edmunds restaurant. If Edmunds himself wanders through, ask him to recommend a wine, or impress your date with a vintage Burgundy. 46 Lexington Street, W1 James Linville, screenwriter

 

44 DOWNSTAIRS AT DIVERTIMENTI Maybe it's the bright rows of Sabatier knives. Maybe it's just that when I fall for a man I want to cook for him. Whatever the reason, I find Divertimenti in Marylebone mouthwatering in the most primal sense, and I pop in to window-shop (or lick, as the French say) at least once a month. It's a very private pleasure this, and anyway most men prefer to bypass the process and move straight to the results. There's something very virile about piles of enormous wooden chopping boards (and not just because they're too heavy for me to lift alone), while the profuse spatulas speak to me of blending - and isn't that what coupling is all about? 33-34 Marylebone High Street, W1 (divertimenti.co.uk) Nina Caplan, journalist

 

45 On our first date my boyfriend James picked me up in a black, leather-seated Lamborghini. I was sold immediately. I love fast cars and find big engines very sexy. I think it's hotter when you're driven by men and it's nice for them to be in control.

 

To feel sexy, I wear a short dress, usually black leather or silk, accessorised with colourful Brian Atwood or Louboutin heels. I don't remember how to flirt because I've been in a relationship for so long, but when I want my way I can turn on the works. I've got a lot of eyelashes to flutter.

 

Nobu is a great place to come on a date because there's always a buzz when the bar and the restaurant upstairs are full. I don't like intimate dates when you're tucked away from everyone else. When I was single I always liked to go to loud places on first dates because it's less awkward. Footsie under the table is allowed but most other PDAs are too much. Holding hands and stealing quick kisses works for me.

 

Food is the best aphrodisiac; I'm never in a good mood if I'm hungry. I like sweet things. To feel sexy you also need music with a bit of bounce like hip-hop or rock. Soppy love songs are no good because they're all the same. I hate men who dance, I find it lame when I go to a club and men are taking over the dancefloor. The sexiest thing in a man is a sense of humour, then being generous and then down to earth.

 

For Valentine's this year we're going to the Maldives, but my best Valentine's ever was a couple of years ago when James sent me 100 red roses, plus a rose from each of our dogs. I'm a sucker for romance. 15 Berkeley Street, W1 (020 7290 9222) Hannah Nathanson Petra Ecclestone, 22, is the daughter of Formula 1 mogul Bernie Ecclestone. She is currently designing a bracelet in collaboration with Carolina Bucci to raise funds for The Meningitis Trust. Petra lives in Chelsea with her partner of four years, businessman James Stunt

 

46 THE BLUE BAR AT THE BERKELEY With its clean lines, white onyx bar, black crocodile-print leather floor and red lamps, the Wedgwood-blue bar at The Berkeley hotel in Knightsbridge (left) is a paean to all that is seductive about good design. Your paramour can't fail to succumb to its discreet charm - one classic Berkeley champagne cocktail and they'll be begging you for more. Wilton Place, SW1 (the-berkeley.co.uk)

 

47 LEIGHTON HOUSE The most ornate, opulent and exotic address in London is Leighton House, on the edge of Holland Park. Built by the Victorian artist Frederic Leighton (some of whose lusty paintings, such as The Fisherman and the Siren, we might be moved to label soft porn), the building houses his enormous studio, where generously curvaceous models would sit on the raised dais beneath the window, having entered secretly via the 'models' entrance'. But visit today in the sticky heat of summer and it's the cool Islamic-tiled, golden domed Arab Hall that could spark your imagination - the tinkling fountain that sits invitingly centre stage is enough to have anyone unbuttoning. 12 Holland Park Road, W14 (rbkc.gov.uk) PETRA ECCLESTONE AT THE NOBU BERKELEY BAR

 

48 KOKO This multilevel theatre turned club and concert venue has plenty of nooks and crannies for stealing a lingering kiss. A trip to Mornington Crescent to experience one of its many balcony scenes is a guilty pleasure worth savouring. koko.uk.com

 

49 THE BAR AT THE BRITISH LUXURY CLUB It only opens at midnight and is accessed via a nondescript door, but inside you will find a bar embedded with Swarovski crystals, dark blue walls and white leather banquettes. At 4am, the ladies here are the most beautiful to be found anywhere in the city. 70 New Bond Street, W1 Rusty Egan, DJ/founder of The Blitz Club

 

50 FRIDAY NIGHTS AT NEGRACHA Argentine tango is sex in dance form. London's most nimble tangoistas congregate at Negracha every Friday evening to show offin barely there dresses and tight black trousers. Downstairs is the trendy 'nuevo tango' floor; darker, younger, with sofas at the side for couples to retire to when it all gets too much. Ay, caramba! 4 Wild Court, WC2 (negrachatangoclub.com)

 

51 THE WILDLIFE PHOTOGRAPHER OF THE YEAR EXHIBITION All those animal noises and low lighting... this exhibition brings out the beast in us. Woof woof! Natural History Museum until 11 March (nhm.ac.uk)

 

52 THE ACTORS' BAR BACKSTAGE AT THE NATIONAL THEATRE To inveigle your way into this exclusive luvvie love-in you need to be very good friends with an actor currently performing on one of the three stages - or charm the porter. Once inside there's a good chance you'll bag yourself a future A-list idol. Jude Law recently dropped in after a performance of Danton's Death to congratulate his drinking buddy Gwilym Lee, who played Laertes to his Hamlet on Broadway. nationaltheatre.org.uk

 

53 24-FOR HOUR TESCO, WEST CROMWELL ROAD It's 3am and you're hungry. The solution? Cruising the aisles of Earls Court's 24-hour Tesco. The lights may be bright, but people's intentions are dark. Head to the fresh cream cake section, where like-minded souls will be gathered, squeezing eclairs.

 

54 RAF NORTHOLT There is nothing sexier than being invited to fly on a friend's plane. The experience is enhanced by Northolt's sexy modern private terminal building (above). The smell of jet fuel is my aphrodisiac. Patrick Cox, shoe designer

 

55 VERTIGO 42 At the top of Tower 42 in the City is a skinny, low-lit champagne bar with incredible views of London. With more security than boarding an aeroplane, it feels secret and forbidden - and all the sexier for it. vertigo42.co.uk Agnieska Glowacka, architect

 

56 CONNAUGHT BAR The Connaught Bar at The Connaught hotel has perfectly judged lighting, snakeskin sofas, hot French waiters and a well-heeled clientele, all wrapped up in a blanket of absolute discretion. These are some of the reasons The Connaught is a favourite Mayfair stop-offamong the highly sexed financial power set for a naughty after-dinner digestif. Chic banquettes and low tables allow for semi-recumbent whispers and unnoticed caresses. And upstairs are some of the loveliest bedrooms in London. the-connaught.co.uk

 

57 The view from Speaker's House is incredibly sexy, particularly at night with the moon and the glow from the old gas lamps. When John and I were first courting we used to walk along the South Bank and look at the Houses of Parliament. I never realised then how sexy I would find living under Big Ben with the bells chiming.

 

Politicians as a breed aren't particularly sexy but I think politics can be sexy because power is an aphrodisiac. Since John became Speaker, the number of women who hit on him has gone up dramatically. I don't get jealous because more men have hit on me, too. I think it's hilarious and extremely flattering that I've been referred to as the Carla Bruni of British politics.

 

ER'S I don't mind people knowing about my history of one-night stands and alcoholism. I was a bit souped-up when I was a career girl in my twenties. I'm not proud of it but I'm not ashamed either. I do feel sexier now I'm older and I've stopped drinking. I think I grew up in my thirties and gained control of myself.

 

NI For dates I like to go somewhere down to earth, like our local Chinese in Pimlico. I've got a sweet tooth so I find puddings, particularly chocolate, very sexy. This Valentine's Day, John is housing the chamber in the evening, so I will probably be eating a Chinese takeaway and a bar of chocolate on my own upstairs. The most romantic thing I've ever done for John is marry him. He's a very lucky man. Hannah Nathanson Sally, 41, is the wife of John Bercow, the Speaker of the House of Commons

 

FOR GR E AT ROMANTICS

 

58 my I've very Sally, ALAMY. CORBIS. GETTY IMAGES. WITH THANKS TO THE LONDON MARRIOTT HOTEL COUNTY HALL (020 7928 5200) LOVE LANE This City street that runs beside the Guildhall is usually quiet, except for newlyweds seeking photo ops beside the romantic street sign - a far cry from the bad old days when it seethed with ladies of the night: like Silver Street, Milk Street, Bread Street and Gropecunt Lane, Love Lane was named for what it had to offer. Today, the whinnies and snorts of horses quartered in the police stables on the corner, along with a whiffof straw, remind passers-by that they are fleshly creatures.

 

59 COLUMBIA ROAD FLOWER MARKET On a Sunday morning this is like something from a musical, bursting with blooms and flower hawkers crying 'Daffs! Daffs!' Perfect for a euphoric early-morning date - firstcomers get the best flowers. Also divine if you haven't been to bed on Saturday night.

 

60 THE CHAMPAGNE BAR AT ST PANCRAS INTERNATIONAL Ever since Celia Johnson fell for Trevor Howard on the platform in Brief Encounter, stations have held a certain allure. Gaze wistfully at each other as you sip champagne at Europe's longest champagne bar at St Pancras International (above) before you say your farewells.

 

61 BOB BOB RICARD As bars go, this one feels enchanted. You step through the red velvet drapes into a David Lynch film. It gleams with period detail (all new, which accounts perhaps for the slightly surreal atmosphere) and feels hushed and discreet. My husband-to-be took me here for a milkshake at midnight on our second date.bobbobricard.com Pip Clements, writer

 

62 THE WHISPERING GALLERY AT ST PAUL'S CATHEDRAL Nothing creates such a frisson of excitement as whispering sweet nothings and naughty somethings to your lover across the vast dome of London's mightiest erection, safe in the knowledge that none of the tourists milling around you can hear a word.

 

63 THE BACK ROW AT THE ELECTRIC CINEMA Unquestionably the sexiest cinema in London, with its deep, red leather armchairs, bottles of wine and decadent chocolate brownies. Book one of the double beds at the back and it's lights, camera, action... 191 Portobello Road, W11 (electriccinema.co.uk)

 

64 TINSELTOWN 24-HOUR DINER Anyone still out at 5am is usually up to something, and at this basement 1950s diner you will find night owls and lonely souls looking for love. 44-46 St John Street, EC1 (tinseltown.co.uk) SALLY BERCOW ON THE HOUSES OF PARLIAMENT

 

65 MARS AND VENUS by Sandro Botticelli c.1485 (National Gallery) It is over. Mars, sated, is now asleep, his lips parted in a gentle snore. Venus, on the other hand, is far from satisfied and gazes at the perfect shaven beauty of her lover with an expression of pure petulance. To the question 'How was that for you?' we have very different answers. In this Florentine Renaissance bedroom picture (above) - as indubitably it was, and intended to excite - the painter, homosexual, identifies equally with both.

 

66 NYMPHS BY A FOUNTAIN by Peter Lely c.1650 (Dulwich Picture Gallery) In this torrid Vale of Lethe, the rays of a setting sun fall on a tumbled heap of sleeping nymphs. We, the spectators, play the satyrs, the half-human beings with the rampant sexuality of goats who in paintings are the traditional discoverers, the rippers away of drapery, their pleasurers. With a hand below the buttocks acting as a signpost and the blue cloth fallen into imitation of the groin, Lely emphasises the temptation. This is a painting to inspire lechery as much as any lyric by the Earl of Rochester.

 

67 MARY, COUNTESS HOWE by Thomas Gainsborough c.1764 (Kenwood House) The painter and his Countess - rumoured to be his mistress, though he was stricken with venereal disease - are in their thirties. He, we divine from the low viewpoint, is on his knees, but she keeps to her lofty station as though putting him down for some impertinence. Lurking beneath the fine glazes of paint that are her dress, we discern a pose that, though suitably derived from ancient Roman sculpture, is her living flesh, the long legs and bifurcation at the crotch the painter's mischievous titillation to himself and to all others who are prurient.

 

68 THE LAMENT FOR ICARUS by Herbert Draper 1898 (Tate Britain) Pale water nymphs gather about the fallen Icarus, perfect in death. 'Is he not beautiful?' they ask.

 

'Must he be dead?' Desire and yearning reshape their reactions to the dark-skinned Italian boy who modelled naked for a painter who, Victorian, dared not translate his nakedness into a painting for The Royal Academy. A delicate hand caresses the boy's rib cage, small breasts and nipples nuzzle his neck and shoulder, but neither these nor the nymphs' adoring gazes can restore life to Icarus.

 

69 BATHERS AT MORITZBURG by Ernst Ludwig Kirchner 1909 (Tate Gallery) At the time, early in the 20th century, when the communal movements of camping, hiking and nudism were developing in Germany as mystical relationships with nature, Kirchner hinted at elements less arcane. That these bathers, graceless and uninhibited, are not the heirs of some ideal Elysium, but wholly of their day, is suggested not only by their crude poses, but by the heat and vibrance of their colour. These are not the pretty nymphs and shepherds of Arcadia, but the plain and ugly people of industrial Germany who, given opportunity, engage as recklessly in sex as the doggers and swingers of today

 

FOR INTELLECTUALS

 

70 THE WALLACE COLLECTION The perfect place for wooing, with its red silk walls, chandeliers and Fragonard's saucy painting The Swing in which a wrinkled pastor pushes a bosomy maiden as her lover watches her skirts billowing up. Admirers of the male form will enjoy the codpieces in the armour collection. Manchester Square, W1 (wallacecollection.org)

 

71 THE LONDON LIBRARY Hot poets, imposed silence, simmering boredom and lots of crannies in the stacks for who knows what... 14 St James's Square, SW1 (londonlibrary.co.uk)

 

72 JACOB EPSTEIN'S ADAM AT THE RA'S MODERN BRITISH SCULPTURE SHOW This two-tonne, 7ft hunk of primal man is only in London until the end of April, so get an eyeful while you can. Note to male readers: only take a date if you're very confident about what you have to offer. Piccadilly, W1 (royalacademy.org)

 

73 A BOX AT THE OPERA Womb-like, velvet-clad, dark and discreet; a box at the Royal Opera House is the perfect place for an assignation. It was at the opera house that the pivotal scene in my new novel, The History of a Pleasure Seeker, came to me. I decided to take the room, shrink it drastically, and make it the first-class nightclub of a glamorous ocean liner sailing to Cape Town in 1908. roh.org.uk Richard Mason, author

 

74 DENNIS SEVERS' HOUSE David Hockney likened Dennis Severs' perfectly reconstructed 18thcentury home to great opera, an apt comparison since one of Severs' rules was that the ten candlelit rooms be visited in silence. Silence, it soon became apparent when I was taken to 18 Folgate Street, is an aphrodisiac, but our other senses awoke as we wandered this time capsule. The half-finished wine on the table had the scent of warm spice, the clocks chimed like a musical score. The spooky beauty and smoky light will make you hear, smell, see and also - I guarantee - fall in love with the person you are with. dennissevershouse.co.uk Frances Wilson, writer

 

75 THE OLD VIC TUNNELS Sneak around the back of Waterloo Station and descend into the damp gloom of the Old Vic Tunnels, once a railway tunnel, now an experimental theatre space. An infernal vault with an earthen floor, here there is always the fear that one will be dragged into a dark corner by a Brad Pitt-style vampire; not least when attending productions such as last year's Cart Macabre, where audience members were ferried around on wooden stretchers. One for submissive types. oldvictunnels.com

 


THE SEXIEST PAINTINGS IN LONDON BY BRIAN SEWELL

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Date Lines; News from the Bay Area arts scene

 

San Francisco Chronicle

14 January 2011

By Robert Hurwitt, Joshua Kosman

 

[What follows is the full text of the article.]

 

Sonoma Rep closing its doors after 17 years

 

Sonoma County Repertory Theater, one of the North Bay's few year-round repertory theaters, will cease its main operations at the end of February, the company announced Wednesday. The 17-year-old Sebastopol company, which also produces the annual Sebastopol Shakespeare Festival, will close its theater after the run of its 2011 season-opening show, "Cyrano," Jan. 19 through Feb. 20.

 

"The economic downturn has taken a huge toll on the Rep's finances," says board of directors Chair Denis Quinlan. Though ticket sales, which account for almost half the budget, have remained strong, foundations, businesses and individual donors "have dramatically reduced their giving," he added. "After a thorough review of our finances, the board and staff came to the very difficult conclusion that the Rep, in its current form, is simply not sustainable."

 

The company's demise will affect theater artists throughout the Bay Area, many of whom have worked there on a regular basis as actors, directors and designers. Sonoma Rep, which operated in both Sebastopol and Santa Rosa in the 1990s, mounted a seven-play season each year, including its annual outdoor Shakespeare offering and "A Christmas Carol" each December.

 

The outdoor Shakespeare festival will continue to operate under the leadership of former Rep artistic director Jennifer King, who is directing "Cyrano" and will stage "Much Ado About Nothing" in August. Sonoma Rep will continue to exist as a nonprofit, shifting its mission to supporting theater arts education in the region. Santa Rosa's 6th Street Playhouse has agreed to honor Sonoma Rep subscribers' tickets to 2011 shows at some of its productions, Quinlan said.

 

- Robert Hurwitt

 

Lang Lang to perform with young pianists in S.F.

 

Pianist Lang Lang will join 100 Bay Area pianists ages 5 to 16 in a mass performance of Schubert's "Marche Militaire" at 4 p.m. Monday. The free event, at the McKenna Theatre of San Francisco State University, 1600 Holloway Ave., is part of Lang's 101 Pianists Program and is co-sponsored by piano dealer Sherman Clay and the Roland Corp.

 

- Joshua Kosman

 

New Century orchestra to tour California, Midwest

 

The New Century Chamber Orchestra and music director Nadja Salerno-Sonnenberg will begin an eight-city U.S. tour with a special concert in Herbst Theatre, at 8 p.m. Jan. 29. The tour takes the ensemble to cities in Ohio, Michigan and Illinois as well as four cities in California.

 

The tour program features Salerno-Sonnenberg as the violin soloist in Astor Piazzolla's "Four Seasons of Buenos Aires," alongside string music by Wolf, Bartk and Tchaikovsky. Tickets: $29-$49, (415) 392-4400, www.ncco.org.

 

- Joshua Kosman

 

Opera San Jose sets 2011-12 season

 

The repertoire for Opera San Jose's 2011-12 season will include a double bill of one-act operas by Poulenc and Leoncavallo, as well as full-length works by Mozart, Verdi and Gounod.

 

The four-part season begins Sept. 10-25, with Mozart's "Idomeneo" in a production conducted by Midsummer Mozart founder George Cleve and directed by Brad Dalton. Leoncavallo's "Pagliacci" and Poulenc's monodrama "La Voix Humaine" follow Nov. 12-27, conducted by Bryan Nies and directed by Layna Chianakas.

 

Feb. 11-26, 2012, brings Verdi's "La Traviata," conducted by David Rohrbaugh and directed by Jose Maria Condemi, and the season concludes April 21-May 6, 2012, with Gounod's "Faust." All performances are at the California Theatre, 345 S. First St., San Jose. (408) 437-4450, www.operasj.org.

 

- Joshua Kosman

 

 


San Francisco Chronicle

 

Related Companies

Roland Corp

[profile]

 

Related Geographies

North America

United States

California

 

 

Annual Income Statement

 

Financials in: USD (mil) 

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

913.4

807.3

1,000.2

949.8

814.6

Revenue

913.4

807.3

1,000.2

949.8

814.6

Total Revenue

913.4

807.3

1,000.2

949.8

814.6

 

 

 

 

 

 

    Cost of Revenue

546.9

500.0

574.3

530.3

465.2

Cost of Revenue, Total

546.9

500.0

574.3

530.3

465.2

Gross Profit

366.5

307.4

425.9

419.5

349.4

 

 

 

 

 

 

    Selling/General/Administrative Expense

132.0

119.8

139.5

116.6

100.0

    Labor & Related Expense

169.0

158.3

160.8

140.2

123.7

    Advertising Expense

39.0

38.1

51.7

46.0

41.6

Total Selling/General/Administrative Expenses

340.0

316.1

352.0

302.8

265.3

    Amortization of Acquisition Costs

0.0

3.3

0.0

-

-

Depreciation/Amortization

0.0

3.3

0.0

-

-

    Impairment-Assets Held for Use

-

-

-

-

0.0

    Impairment-Assets Held for Sale

1.3

0.5

9.1

0.2

0.4

    Other Unusual Expense (Income)

-0.5

-0.9

-1.0

-0.3

-1.3

Unusual Expense (Income)

0.8

-0.4

8.2

-0.2

-0.9

Total Operating Expense

887.7

819.0

934.5

832.9

729.5

 

 

 

 

 

 

Operating Income

25.7

-11.6

65.8

116.8

85.0

 

 

 

 

 

 

        Interest Expense - Non-Operating

-0.7

-2.5

-2.0

-1.9

-1.5

    Interest Expense, Net Non-Operating

-0.7

-2.5

-2.0

-1.9

-1.5

        Interest Income - Non-Operating

1.3

1.7

3.8

3.9

2.3

        Investment Income - Non-Operating

-9.4

5.3

-10.5

-2.9

2.4

    Interest/Investment Income - Non-Operating

-8.1

7.0

-6.6

1.0

4.7

Interest Income (Expense) - Net Non-Operating Total

-8.8

4.4

-8.6

-1.0

3.2

Gain (Loss) on Sale of Assets

-1.6

-0.2

-0.6

-0.7

-0.2

    Other Non-Operating Income (Expense)

-5.7

-1.5

-5.1

-0.8

0.1

Other, Net

-5.7

-1.5

-5.1

-0.8

0.1

Income Before Tax

9.6

-8.9

51.4

114.4

88.2

 

 

 

 

 

 

Total Income Tax

13.8

15.5

20.8

51.6

32.8

Income After Tax

-4.3

-24.4

30.6

62.8

55.5

 

 

 

 

 

 

    Minority Interest

-3.9

1.9

-20.2

-31.2

-23.8

Net Income Before Extraord Items

-8.1

-22.5

10.4

31.7

31.7

Net Income

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

    Miscellaneous Earnings Adjustment

0.0

-

0.0

0.0

0.0

Total Adjustments to Net Income

0.0

-

0.0

0.0

0.0

Income Available to Common Excl Extraord Items

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Basic EPS Excl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Basic/Primary EPS Incl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

-8.1

-22.5

10.4

31.7

31.7

Diluted Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Diluted EPS Excl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Diluted EPS Incl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Dividends per Share - Common Stock Primary Issue

0.29

0.22

0.30

0.31

0.30

Gross Dividends - Common Stock

6.9

5.3

7.5

7.7

7.5

Interest Expense, Supplemental

0.7

2.5

2.0

1.9

1.5

Depreciation, Supplemental

28.0

30.1

31.9

26.5

21.8

Total Special Items

3.1

5.1

9.9

1.5

0.2

Normalized Income Before Tax

12.7

-3.8

61.4

115.9

88.4

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.8

-0.1

3.6

0.2

-0.2

Inc Tax Ex Impact of Sp Items

14.7

15.4

24.4

51.8

32.5

Normalized Income After Tax

-2.0

-19.2

37.0

64.1

55.9

 

 

 

 

 

 

Normalized Inc. Avail to Com.

-5.9

-17.3

16.8

32.9

32.1

 

 

 

 

 

 

Basic Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Diluted Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Amort of Acquisition Costs, Supplemental

0.7

5.3

1.1

1.0

0.9

Advertising Expense, Supplemental

39.0

38.1

51.7

46.0

41.6

Research & Development Exp, Supplemental

79.5

66.6

67.4

59.0

58.5

Reported Operating Profit

26.5

-8.7

73.9

116.7

84.2

Reported Ordinary Profit

10.6

-5.8

60.2

114.5

89.4

Normalized EBIT

26.5

-12.0

73.9

116.7

84.2

Normalized EBITDA

55.2

23.3

107.0

144.1

106.8

Interest Cost - Domestic

2.7

2.4

2.1

1.7

1.6

Service Cost - Domestic

6.2

5.5

4.8

4.0

3.7

Prior Service Cost - Domestic

-1.0

-0.9

-0.9

-0.8

-0.7

Expected Return on Assets - Domestic

-2.5

-2.0

-2.1

-2.0

-1.8

Actuarial Gains and Losses - Domestic

3.0

5.2

2.1

-0.6

-0.4

Domestic Pension Plan Expense

8.4

10.1

6.1

2.3

2.3

Defined Contribution Expense - Domestic

4.9

4.4

4.8

4.2

1.1

Total Pension Expense

13.2

14.5

10.9

6.5

3.4

Discount Rate - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Total Plan Interest Cost

2.7

2.4

2.1

1.7

1.6

Total Plan Service Cost

6.2

5.5

4.8

4.0

3.7

Total Plan Expected Return

-2.5

-2.0

-2.1

-2.0

-1.8

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

82.88

93.44

98.77

99.535

118.075

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

236.3

219.0

232.4

200.8

189.8

    Short Term Investments

-

0.0

1.4

6.2

3.1

Cash and Short Term Investments

236.3

219.0

233.7

207.1

192.9

        Accounts Receivable - Trade, Gross

114.6

107.2

103.8

139.7

109.9

        Provision for Doubtful Accounts

-4.9

-4.2

-4.7

-4.0

-3.8

    Trade Accounts Receivable - Net

109.7

103.0

99.1

135.7

106.1

Total Receivables, Net

109.7

103.0

99.1

135.7

106.1

    Inventories - Finished Goods

183.9

156.7

186.6

188.1

-

    Inventories - Work In Progress

6.7

3.4

4.1

11.9

-

    Inventories - Raw Materials

50.2

40.1

40.8

37.9

-

Total Inventory

240.8

200.2

231.5

237.8

178.7

    Deferred Income Tax - Current Asset

17.5

13.9

23.7

29.0

20.6

    Other Current Assets

45.5

45.4

53.9

43.2

31.2

Other Current Assets, Total

63.0

59.3

77.7

72.1

51.8

Total Current Assets

649.8

581.6

642.0

652.8

529.5

 

 

 

 

 

 

        Buildings

262.6

224.0

209.8

200.7

163.1

        Land/Improvements

101.0

83.7

76.8

77.6

55.3

        Machinery/Equipment

170.5

153.6

142.0

154.6

129.2

        Construction in Progress

1.2

0.3

2.4

5.2

1.2

    Property/Plant/Equipment - Gross

535.4

461.6

431.1

438.1

348.8

    Accumulated Depreciation

-306.0

-269.0

-239.1

-244.1

-197.7

Property/Plant/Equipment - Net

229.4

192.6

192.0

194.0

151.0

Goodwill, Net

1.1

1.4

2.1

3.9

3.5

Intangibles, Net

14.0

16.2

19.3

21.7

11.8

    LT Investments - Other

21.8

30.4

36.4

48.4

39.5

Long Term Investments

21.8

30.4

36.4

48.4

39.5

Note Receivable - Long Term

0.4

6.5

11.5

8.7

8.8

    Deferred Income Tax - Long Term Asset

5.4

7.5

10.4

9.9

6.5

    Other Long Term Assets

32.7

37.9

36.8

52.1

38.0

Other Long Term Assets, Total

38.1

45.4

47.2

62.1

44.5

Total Assets

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

Accounts Payable

47.9

37.5

34.6

62.9

47.2

Accrued Expenses

15.0

12.3

12.0

16.2

13.3

Notes Payable/Short Term Debt

9.3

4.5

96.3

3.8

13.4

Current Portion - Long Term Debt/Capital Leases

0.0

0.5

0.7

1.4

1.2

    Income Taxes Payable

10.3

2.0

3.0

21.4

20.1

    Deferred Income Tax - Current Liability

0.0

0.0

0.0

0.1

0.1

    Other Current Liabilities

65.0

55.7

51.0

64.1

45.7

Other Current liabilities, Total

75.4

57.8

54.0

85.5

65.8

Total Current Liabilities

147.7

112.5

197.6

169.9

140.9

 

 

 

 

 

 

    Long Term Debt

3.2

2.8

0.0

0.3

1.9

Total Long Term Debt

3.2

2.8

0.0

0.3

1.9

Total Debt

12.5

7.7

97.1

5.6

16.4

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

2.5

3.6

7.3

11.9

9.6

Deferred Income Tax

2.5

3.6

7.3

11.9

9.6

Minority Interest

199.2

181.4

175.2

188.4

135.0

    Pension Benefits - Underfunded

4.0

1.7

0.0

-

0.0

    Other Long Term Liabilities

23.5

22.8

21.7

18.8

15.2

Other Liabilities, Total

27.5

24.5

21.7

18.8

15.2

Total Liabilities

380.1

324.8

401.9

389.4

302.6

 

 

 

 

 

 

    Common Stock

111.9

99.3

93.9

93.2

78.5

Common Stock

111.9

99.3

93.9

93.2

78.5

Additional Paid-In Capital

130.3

115.6

109.4

108.5

91.5

Retained Earnings (Accumulated Deficit)

436.9

399.8

407.6

402.2

316.4

Treasury Stock - Common

-21.3

-18.9

-7.0

-6.9

-5.8

Unrealized Gain (Loss)

-18.6

-14.3

-14.7

-14.5

-8.4

    Translation Adjustment

-64.6

-32.1

-40.5

19.6

13.8

Other Equity, Total

-64.6

-32.1

-40.5

19.6

13.8

Total Equity

574.6

549.3

548.7

602.1

486.0

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

23.8

23.8

25.1

25.1

25.1

Total Common Shares Outstanding

23.8

23.8

25.1

25.1

25.1

Treasury Shares - Common Stock Primary Issue

1.8

1.8

0.5

0.5

0.5

Employees

3,115

2,699

2,708

2,528

2,395

Number of Common Shareholders

4,854

5,169

5,039

4,402

4,381

Total Long Term Debt, Supplemental

3.2

3.2

0.7

1.7

3.1

Long Term Debt Maturing within 1 Year

0.0

0.5

0.7

1.4

1.2

Long Term Debt Maturing in Year 2

3.1

0.0

0.0

0.1

1.6

Long Term Debt Maturing in Year 3

0.1

2.7

0.0

0.0

0.2

Long Term Debt Maturing in Year 4

0.0

0.0

0.0

0.0

0.0

Long Term Debt Maturing in Year 5

0.0

0.0

0.0

0.0

0.0

Long Term Debt Maturing in 2-3 Years

3.1

2.7

0.0

0.2

1.8

Long Term Debt Maturing in 4-5 Years

0.0

0.0

0.0

0.0

0.0

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

0.2

0.0

Total Capital Leases, Supplemental

1.2

1.5

1.3

-

-

Capital Lease Payments Due in Year 1

0.3

0.3

0.2

-

-

Capital Lease Payments Due in Year 2

0.2

0.3

0.2

-

-

Capital Lease Payments Due in Year 3

0.1

0.1

0.1

-

-

Capital Lease Payments Due in Year 4

0.1

0.1

0.1

-

-

Capital Lease Payments Due in Year 5

0.1

0.1

0.1

-

-

Capital Lease Payments Due in 2-3 Years

0.3

0.4

0.3

-

-

Capital Lease Payments Due in 4-5 Years

0.2

0.2

0.2

-

-

Cap. Lease Pymts. Due in Year 6 & Beyond

0.5

0.6

0.7

-

-

Total Operating Leases, Supplemental

27.9

30.8

24.1

-

-

Operating Lease Payments Due in Year 1

6.1

5.8

4.1

-

-

Oper. Lse. Pymts. Due in Year 6 & Beyond

21.8

24.9

20.0

-

-

Pension Obligation - Domestic

118.3

99.6

89.8

83.8

65.5

Plan Assets - Domestic

105.0

90.5

75.1

84.0

76.0

Funded Status - Domestic

-13.3

-9.1

-14.7

0.1

10.5

Total Funded Status

-13.3

-9.1

-14.7

0.1

10.5

Discount Rate - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Prepaid Benefits - Domestic

-

-

2.5

3.4

0.9

Accrued Liabilities - Domestic

-4.0

-1.7

-

-

-

Other Assets, Net - Domestic

9.3

7.4

17.2

3.3

-9.6

Net Assets Recognized on Balance Sheet

5.3

5.7

19.7

6.7

-8.6

Total Plan Obligations

118.3

99.6

89.8

83.8

65.5

Total Plan Assets

105.0

90.5

75.1

84.0

76.0

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

9.6

-8.9

51.4

114.4

88.2

    Depreciation

28.0

30.1

31.9

26.5

21.8

Depreciation/Depletion

28.0

30.1

31.9

26.5

21.8

    Amortization of Acquisition Costs

0.7

5.3

1.1

1.0

0.9

Amortization

0.7

5.3

1.1

1.0

0.9

    Unusual Items

0.4

0.7

9.7

0.3

2.5

    Equity in Net Earnings (Loss)

0.0

0.1

-0.2

-1.6

-1.5

    Other Non-Cash Items

4.3

-3.7

1.7

1.9

-4.9

Non-Cash Items

4.8

-2.9

11.3

0.5

-3.9

    Accounts Receivable

-7.5

2.0

1.6

-6.8

-11.4

    Inventories

-26.2

57.7

-35.1

-20.9

-29.6

    Accounts Payable

16.1

0.5

8.8

5.3

6.9

    Other Operating Cash Flow

5.7

8.3

-54.1

-49.8

-17.2

Changes in Working Capital

-12.0

68.5

-78.8

-72.2

-51.2

Cash from Operating Activities

31.1

92.1

17.0

70.2

55.8

 

 

 

 

 

 

    Purchase of Fixed Assets

-13.6

-10.6

-30.3

-34.9

-20.7

    Purchase/Acquisition of Intangibles

-3.4

-3.4

-6.0

-11.4

-7.0

Capital Expenditures

-17.0

-14.0

-36.3

-46.3

-27.7

    Sale of Fixed Assets

0.4

0.5

0.9

1.0

1.0

    Sale/Maturity of Investment

4.6

11.3

13.3

4.4

8.7

    Purchase of Investments

-9.9

-13.1

-12.3

-22.8

-20.9

    Other Investing Cash Flow

1.5

12.0

5.4

0.1

3.1

Other Investing Cash Flow Items, Total

-3.4

10.7

7.2

-17.3

-8.0

Cash from Investing Activities

-20.4

-3.3

-29.0

-63.6

-35.7

 

 

 

 

 

 

    Other Financing Cash Flow

-4.3

-7.0

-10.3

-7.1

-6.5

Financing Cash Flow Items

-4.3

-7.0

-10.3

-7.1

-6.5

    Cash Dividends Paid - Common

-6.2

-6.8

-8.1

-8.2

-6.4

Total Cash Dividends Paid

-6.2

-6.8

-8.1

-8.2

-6.4

        Repurchase/Retirement of Common

0.0

-11.6

0.0

-0.1

0.0

    Common Stock, Net

0.0

-11.6

0.0

-0.1

0.0

Issuance (Retirement) of Stock, Net

0.0

-11.6

0.0

-0.1

0.0

    Short Term Debt, Net

3.0

-96.3

88.5

-10.8

6.5

        Long Term Debt Issued

0.1

2.7

0.0

-

-

        Long Term Debt Reduction

-0.5

-0.5

-0.6

-1.8

-1.6

    Long Term Debt, Net

-0.3

2.3

-0.6

-1.8

-1.6

Issuance (Retirement) of Debt, Net

2.7

-94.0

87.9

-12.6

4.9

Cash from Financing Activities

-7.9

-119.3

69.5

-28.0

-8.0

 

 

 

 

 

 

Foreign Exchange Effects

-20.6

0.4

-22.3

-3.6

5.1

Net Change in Cash

-17.8

-30.2

35.1

-25.0

17.1

 

 

 

 

 

 

Net Cash - Beginning Balance

240.1

249.8

194.6

196.1

174.6

Net Cash - Ending Balance

222.3

219.5

229.7

171.1

191.7

Cash Interest Paid

0.9

2.4

2.5

1.7

1.5

Cash Taxes Paid

3.3

-2.3

48.9

56.8

28.1

 

 

Annual Income Statement

 

Financials in: USD (mil)          

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

913.4

807.3

1,000.2

949.8

814.6

Total Revenue

913.4

807.3

1,000.2

949.8

814.6

 

 

 

 

 

 

    Cost of Sales

546.9

500.0

574.3

530.3

465.2

    Advertising&Sales Promotion Expenses

39.0

38.1

51.7

46.0

41.6

    Provision for Doubtful Accounts(SGA)

2.0

0.5

2.6

0.5

1.1

    Payrolls & Bonuses

162.5

152.7

155.1

133.2

117.0

    Reserve for Officers Retirement

-

-

-

-

0.0

    Provision for Bonuses

6.5

5.6

5.0

5.8

5.5

    Provision for directors' bonuses

-

0.0

0.7

1.2

1.1

    Reserve for product warranty

2.7

1.4

1.9

1.6

0.0

    Other Selling & General Expenses

127.3

117.9

135.0

114.5

98.9

    SP Gain on Prior Period Adjustments

-

-

-

-

0.0

    SP Reversal G on allow.doubt.accounts

-0.4

-0.5

-0.2

-0.3

-0.2

    SP G on reserve for product warranty

-0.1

-0.4

-0.9

0.0

-

    National Subsidy

-

-

-

0.0

-1.2

    SP Prov. for Doubt. Account- Affiliates

-

-

-

0.0

0.2

    SP Loss on Val. of LT Inv't in Secs.

1.3

0.5

8.9

0.2

0.3

    SP L on Val. of Contribut. Inv. Affil.

0.0

0.0

0.3

0.0

0.0

    SP L on Extinguishment of Tie-in stock

-

0.0

0.2

0.0

-

    SP Impairment Loss

-

-

-

-

0.0

    Amort. Goodwill - nonrecuring

0.0

3.3

0.0

-

-

Total Operating Expense

887.7

819.0

934.5

832.9

729.5

 

 

 

 

 

 

    SP Gain Sale Fixed Assets

0.2

0.2

0.2

0.2

0.2

    SP Special Dividends Received

-

-

-

-

0.0

    SP Gain on Liquid. of Affiliates

0.1

0.0

-

0.0

0.0

    SP Gain on Sale of LT Inv't Secs.

1.4

0.0

0.0

0.1

0.4

    SP G on sale of inv't in closely-held

0.0

0.0

0.0

0.1

0.0

    SP Gain Equity in Affiliate

-

-

0.0

0.2

0.0

    SP Gain on Transfer of Business

-

-

-

0.0

0.1

    SP Loss on Sale / Retire. of Fix. Asset

-0.8

-0.4

-0.8

-0.7

-0.5

    SP Loss Affiliate Liquidated

-

0.0

0.0

-0.2

0.0

    SP Loss on Affiliates Equity Change

-

-

-

0.0

-2.2

    SP Loss Sale Inv. Secs.

-0.1

0.0

0.0

0.0

-

    NOP Interest Income

1.3

1.7

3.8

3.9

2.3

    NOP Dividends Income

1.0

0.8

1.6

1.7

1.6

    NOP Foreign Exchange Gains

0.0

4.5

0.0

0.0

1.3

    NOP Equity Earnings

-

0.0

0.2

1.6

1.5

    NOP Other Non-Operating Income

4.1

3.8

3.7

3.6

3.6

    NOP Interest Expenses

-0.7

-2.5

-2.0

-1.9

-1.5

    NOP Sales Discounts

-7.7

-4.2

-6.6

-3.9

-2.7

    NOP Amort. New Stock Issue

-

-

-

-

0.0

    NOP Foreign Exchange Losses

-11.8

0.0

-12.2

-6.6

0.0

    NOP Equity in losses of affiliates

0.0

-0.1

0.0

-

-

    NOP Other Non-Operating Expenses

-2.1

-1.1

-2.1

-0.5

-0.7

    SP Loss on transfer of business

-1.1

0.0

-

-

-

Net Income Before Taxes

9.6

-8.9

51.4

114.4

88.2

 

 

 

 

 

 

Provision for Income Taxes

13.8

15.5

20.8

51.6

32.8

Net Income After Taxes

-4.3

-24.4

30.6

62.8

55.5

 

 

 

 

 

 

    Minority Interest

-3.9

1.9

-20.2

-31.2

-23.8

Net Income Before Extra. Items

-8.1

-22.5

10.4

31.7

31.7

Net Income

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

    Rounding Adjustment

0.0

-

0.0

0.0

0.0

    Directors Bonus

-

-

-

0.0

0.0

Income Available to Com Excl ExtraOrd

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Basic Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Basic EPS Excluding ExtraOrdinary Items

-0.34

-0.90

0.42

1.26

1.26

Basic EPS Including ExtraOrdinary Item

-0.34

-0.90

0.42

1.26

1.26

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

-8.1

-22.5

10.4

31.7

31.7

Diluted Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Diluted EPS Excluding ExtraOrd Items

-0.34

-0.90

0.42

1.26

1.26

Diluted EPS Including ExtraOrd Items

-0.34

-0.90

0.42

1.26

1.26

DPS-Common Stock

0.29

0.22

0.30

0.31

0.30

Gross Dividends - Common Stock

6.9

5.3

7.5

7.7

7.5

Normalized Income Before Taxes

12.7

-3.8

61.4

115.9

88.4

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

14.7

15.4

24.4

51.8

32.5

Normalized Income After Taxes

-2.0

-19.2

37.0

64.1

55.9

 

 

 

 

 

 

Normalized Inc. Avail to Com.

-5.9

-17.3

16.8

32.9

32.1

 

 

 

 

 

 

Basic Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Diluted Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Interest Expense

0.7

2.5

2.0

1.9

1.5

Amort.Goodwill

0.7

5.3

1.1

1.0

0.9

Amort.-Consolidation

-

-

-

-

0.0

Depreciation

28.0

30.1

31.9

26.5

21.8

Advertising Expense, Supplemental

39.0

38.1

51.7

46.0

41.6

R & D Expenses ( COGS & SGA )

79.5

66.6

67.4

59.0

58.5

Reported Operating Profit

26.5

-8.7

73.9

116.7

84.2

Reported Ordinary Profit

10.6

-5.8

60.2

114.5

89.4

Service Cost

6.2

5.5

4.8

4.0

3.7

Interest Cost

2.7

2.4

2.1

1.7

1.6

Expected Return on Plan Assets

-2.5

-2.0

-2.1

-2.0

-1.8

Actuarial Gains and Losses

3.0

5.2

2.1

-0.6

-0.4

Prior Service Cost

-1.0

-0.9

-0.9

-0.8

-0.7

Domestic Pension Plan Expense

8.4

10.1

6.1

2.3

2.3

Other Pension Cost

4.9

4.4

4.8

4.2

1.1

Total Pension Expense

13.2

14.5

10.9

6.5

3.4

Discount Rate

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return

2.50%

2.50%

2.50%

2.50%

2.50%

 

 

 


Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

82.88

93.44

98.77

99.535

118.075

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Deposit

236.3

219.0

232.4

200.8

189.8

    Accounts & Notes Receivable, Gross

114.6

107.2

103.8

139.7

109.9

    Marketable Sec.

-

0.0

1.4

6.2

3.1

    Inventories

-

-

-

-

178.7

    Inventories - merchandise&finished goods

183.9

156.7

186.6

188.1

-

    Inventories - work-in-process

6.7

3.4

4.1

11.9

-

    Inventories - raw materials & supplies

50.2

40.1

40.8

37.9

-

    Deferred Income Taxes (Current)

17.5

13.9

23.7

29.0

20.6

    Other Current Assets

45.5

45.4

53.9

43.2

31.2

    Doubtful Account

-4.9

-4.2

-4.7

-4.0

-3.8

Total Current Assets

649.8

581.6

642.0

652.8

529.5

 

 

 

 

 

 

    Buildings & Structures, Gross

262.6

224.0

209.8

200.7

163.1

    Accum. depr - bldg&struc

-161.4

-139.0

-123.9

-121.4

-

    Machineries, Equip., & Vehicle, Gross

40.9

36.8

34.0

51.1

39.3

    Accum. depr - machin&vehicles

-31.3

-28.5

-24.4

-38.6

-

    Tools, Furniture, & Fixtures, Gross

129.6

116.8

108.0

103.5

89.9

    Accum. depr - tools, furn, fixtur

-113.3

-101.5

-90.8

-84.1

-

    Land

101.0

83.7

76.8

77.6

55.3

    Construction-In-Progress

1.2

0.3

2.4

5.2

1.2

    Total Accumulated Depreciation

-

-

-

-

-197.7

    Software

12.1

14.7

17.6

13.3

11.3

    Software accounts rights

0.9

0.6

0.9

7.9

0.0

    Telephone Access

-

-

-

0.5

0.4

    Goodwill

1.1

1.4

2.1

3.9

3.5

    Other Intangibles

1.0

0.9

0.8

-

-

    LT Investment

21.8

30.4

36.4

48.4

39.5

    LT Loans

0.4

6.5

11.5

8.7

8.8

    Dfd. Tax Asset

5.4

7.5

10.4

9.9

6.5

    Other Assets

33.6

39.0

38.1

53.0

38.7

    Allow.Doubt.Accounts (Non-Current)

-1.0

-1.1

-1.3

-0.9

-0.7

    Adjustment

-

-

-

-

0.0

Total Assets

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

    Trade Accounts & Notes Payable

47.9

37.5

34.6

62.9

47.2

    ST Borrowings

9.3

4.5

96.3

3.8

13.4

    Long-Term Borrowings (Current)

0.0

0.5

0.7

1.4

1.2

    Income Tax Payable

10.3

2.0

3.0

21.4

20.1

    Dfd. Tax Liabs.

0.0

0.0

0.0

0.1

0.1

    Allowance Bonus

15.0

12.3

11.3

14.9

12.2

    Allowance Dir's Bonus

-

0.0

0.7

1.4

1.1

    Reserve for product warranties

5.6

4.6

5.1

7.3

0.0

    Other Current Liabilities

59.5

51.1

45.9

56.8

45.7

Total Current Liabilities

147.7

112.5

197.6

169.9

140.9

 

 

 

 

 

 

    LT Borrowings

3.2

2.8

0.0

0.3

1.9

Total Long Term Debt

3.2

2.8

0.0

0.3

1.9

 

 

 

 

 

 

    Dfd. Tax Liabs.

0.3

1.6

5.4

10.0

8.0

    Deferred Tax-Reval

2.3

2.0

1.9

1.9

1.6

    Reserve for Retirement Benefit(accrued)

4.0

1.7

0.0

-

0.0

    Other Long-Term Liabilities

23.5

22.8

21.7

18.8

15.2

    Minority Interests

199.2

181.4

175.2

188.4

135.0

Total Liabilities

380.1

324.8

401.9

389.4

302.6

 

 

 

 

 

 

    Common Stock

111.9

99.3

93.9

93.2

78.5

    Capital Surplus

130.3

115.6

109.4

108.5

91.5

    Retained Surplus

436.9

399.8

407.6

402.2

316.4

    Treasury Stock

-21.3

-18.9

-7.0

-6.9

-5.8

    Reserve by val. of investment sec.

-0.5

1.7

0.4

0.6

4.3

    Reserve by Valuation of Land

-18.1

-16.0

-15.2

-15.1

-12.7

    Translation Adj.

-64.6

-32.1

-40.5

19.6

13.8

Total Equity

574.6

549.3

548.7

602.1

486.0

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

    S/O-Common Stock

23.8

23.8

25.1

25.1

25.1

Total Common Shares Outstanding

23.8

23.8

25.1

25.1

25.1

T/S-Common Stock

1.8

1.8

0.5

0.5

0.5

Full-Time Employees

3,115

2,699

2,708

2,528

2,395

Number of Common Shareholders

4,854

5,169

5,039

4,402

4,381

Long Term Debt Matured within 1 Year

0.0

0.5

0.7

1.4

1.2

Long Term Debt Matured within 2 Years

3.1

0.0

0.0

0.1

1.6

Long Term Debt Matured within 3 Years

0.1

2.7

0.0

0.0

0.2

Long Term Debt Matured within 4 Years

0.0

0.0

0.0

0.0

0.0

Long Term Debt Matured within 5 Years

0.0

0.0

0.0

0.0

0.0

Long Term Debt Matured after 5 Years

0.0

0.0

0.0

0.2

0.0

Total Long Term Debt, Supplemental

3.2

3.2

0.7

1.7

3.1

Capital Lease payments due in 1 year

0.3

0.3

0.2

-

-

Capital Lease payments due in 2 years

0.2

0.3

0.2

-

-

Capital Lease payments due in 3 years

0.1

0.1

0.1

-

-

Capital Lease payments due in 4 years

0.1

0.1

0.1

-

-

Capital Lease payments due in 5 years

0.1

0.1

0.1

-

-

Capital Lease Remaining Maturities

0.5

0.6

0.7

-

-

Total Capital Leases

1.2

1.5

1.3

-

-

Operating Lease Pymts. Due within 1Year

6.1

5.8

4.1

-

-

Operating Leases - Remaining Payments

21.8

24.9

20.0

-

-

Total Operating Leases

27.9

30.8

24.1

-

-

Pension Obligation

118.3

99.6

89.8

83.8

65.5

Fair Value of Plan Assets

105.0

90.5

75.1

84.0

76.0

Funded Status

-13.3

-9.1

-14.7

0.1

10.5

Total Funded Status

-13.3

-9.1

-14.7

0.1

10.5

Discount Rate

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return

2.50%

2.50%

2.50%

2.50%

2.50%

Unrecognized Actuarial Gains and Losses

14.8

13.2

23.5

10.5

-2.8

Unrecognized Prior Service Cost

-5.5

-5.8

-6.4

-7.2

-6.8

Prepaid Pension Benefits

-

-

2.5

3.4

0.9

Reserve for Accrued Retirement Benefits

-4.0

-1.7

-

-

-

Net Assets Recognized on Balance Sheet

5.3

5.7

19.7

6.7

-8.6

 

 

 


Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income Bf. Tax

9.6

-8.9

51.4

114.4

88.2

    Depreciation

28.0

30.1

31.9

26.5

21.8

    Amort.Goodwill

0.7

5.3

1.1

1.0

0.9

    Interest&Div. Income

-2.3

-2.5

-5.4

-5.6

-3.9

    Interest Expense

0.7

2.5

2.0

1.9

1.5

    Exchange Gain / Loss

6.0

-3.7

3.5

5.5

-0.2

    Equity Earnings

0.0

0.1

-0.2

-1.6

-1.5

    Gain-Fix. Asset Sold

-

0.0

-0.2

-0.2

-0.2

    G/L on Sale/Retire. of Fixed Assets

0.6

0.2

0.8

0.7

0.5

    Gain/Loss on equity changes

-

-

0.0

-0.2

2.2

    Gain on Transfer of Business

-

-

-

0.0

-0.1

    L/G Affiliate Liquidated

-0.1

0.0

-

-

-

    Gain on Sale of LT Inv't Secs.

-1.4

0.0

0.0

-0.1

-0.4

    Loss on Val. of LT Inv't in Secs.

1.3

0.1

8.9

0.2

0.3

    Impairment Loss

-

-

-

-

0.0

    Loss Val. Affil.Stk.

0.0

0.4

0.0

-

-

    L-Val.Contrib.C.Affi

-

0.0

0.3

0.0

0.0

    Accounts Receivable

-7.5

2.0

1.6

-6.8

-11.4

    Inventory

-26.2

57.7

-35.1

-20.9

-29.6

    Accounts Payable

16.1

0.5

8.8

5.3

6.9

    Director Bnft. Paid

-

-

-

0.0

-1.1

    Other Operating Activities

7.7

5.7

-8.3

3.3

9.9

    Int.&Divid Received

2.2

2.7

5.6

5.5

3.7

    Interest Paid

-0.9

-2.4

-2.5

-1.7

-1.5

    Income tax (paid) refund

-3.3

2.3

-48.9

-56.8

-28.1

    Newly Consolidate

-

-

1.2

0.0

0.0

    Increase due to mergers

-

-

0.4

0.0

-

    Contribut. Inv. MadeO

-

-

-

0.0

-2.3

    Adjustment

-

0.0

-

0.0

-

    Loss on valuation of investments in capi

0.0

0.0

-

-

-

Cash from Operating Activities

31.1

92.1

17.0

70.2

55.8

 

 

 

 

 

 

    Time Deposit Made

-6.5

-10.9

0.0

-5.0

-0.4

    Time Deposit Matured

0.7

11.2

4.1

1.3

2.1

    Sale of Marketable Securities

1.3

0.1

6.0

1.7

0.1

    Purchase of Marketable Securities

-1.4

0.0

-0.1

-2.4

-2.5

    Capital Expenditures

-13.6

-10.6

-30.3

-34.9

-20.7

    Sale Fixed Assets

0.4

0.5

0.9

1.0

1.0

    Purch. Intangible

-3.4

-3.4

-6.0

-11.4

-7.0

    Purchase of Long-Term Inv't in Sec.

-0.1

-0.1

-2.1

-11.1

-6.4

    Sale of Long-Term Investment in Sec.

2.6

0.0

3.1

1.0

4.0

    Purchase additional Affiliate Stocks

-1.8

-0.5

-5.1

-3.8

-1.5

    Sale Affiliate Stocks

-

-

-

0.0

0.0

    Contribut. Inv. Made

0.0

-1.5

0.0

0.0

-5.2

    Contribut. Inv. Collect

0.0

0.0

0.0

0.4

2.5

    LT Special Deposit Made

0.0

-0.1

-5.0

-0.5

-4.8

    LT loans collected

0.2

5.3

0.7

1.5

0.0

    Other Investment Activities

1.3

6.7

4.8

-1.5

3.1

Cash from Investing Activities

-20.4

-3.3

-29.0

-63.6

-35.7

 

 

 

 

 

 

    ST Debt, Net

3.0

-96.3

88.5

-10.8

6.5

    LT Debt Proceed

0.1

2.7

0.0

-

-

    LT Debt Repaid

-0.5

-0.5

-0.6

-1.8

-1.6

    Proceed From Minorities' Payment

-

0.0

0.5

1.1

0.3

    Cash Dividends Paid

-6.2

-6.8

-8.1

-8.2

-6.4

    Minority Dividends

-4.0

-6.6

-10.5

-7.9

-6.6

    Treasury Stock Purchased

0.0

-11.6

0.0

-0.1

0.0

    Other Financing Activities

-0.3

-0.4

-0.4

-0.3

-0.2

Cash from Financing Activities

-7.9

-119.3

69.5

-28.0

-8.0

 

 

 

 

 

 

Foreign Exchange Effects

-20.6

0.4

-22.3

-3.6

5.1

Net Change in Cash

-17.8

-30.2

35.1

-25.0

17.1

 

 

 

 

 

 

Net Cash - Beginning Balance

240.1

249.8

194.6

196.1

174.6

Net Cash - Ending Balance

222.3

219.5

229.7

171.1

191.7

    Cash Interest Paid

0.9

2.4

2.5

1.7

1.5

    Cash Taxes Paid

3.3

-2.3

48.9

56.8

28.1

 

 

Financial Health

 

Financials in: USD (mil)

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

Key Indicators USD (mil)

 

Quarter
Ending
30-Jun-2011

Quarter
Ending
Yr Ago

Annual
Year End
31-Mar-2011

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1

222.6

-5.67%

913.4

4.31%

-10.33%

-2.60%

Operating Income1

-3.0

-

25.7

-

-45.16%

-23.07%

Income Available to Common Excl Extraord Items1

9.5

-

-8.1

-

-

-

Basic EPS Excl Extraord Items1

0.40

-

-0.34

-

-

-

Capital Expenditures2

17.0

11.78%

17.0

11.78%

-34.93%

-16.25%

Cash from Operating Activities2

31.1

-68.88%

31.1

-68.88%

-30.77%

-15.83%

Free Cash Flow

14.5

-83.38%

14.5

-83.38%

-23.92%

-15.30%

Total Assets3

995.3

-

954.6

-3.13%

-7.10%

-0.65%

Total Liabilities3

387.7

-

380.1

3.80%

-6.68%

2.23%

Total Long Term Debt3

3.3

-

3.2

2.44%

98.69%

-6.86%

Employees3

-

-

3115

15.41%

7.21%

6.34%

Total Common Shares Outstanding3

23.8

-

23.8

0.00%

-1.78%

-1.08%

1-ExchangeRate: JPY to USD Average for Period

81.605269

 

85.691434

 

 

 

2-ExchangeRate: JPY to USD Average for Period

85.691434

 

85.691434

 

 

 

3-ExchangeRate: JPY to USD Period End Date

80.760000

 

82.880000

 

 

 

Key Ratios

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Profitability

Gross Margin

40.12%

38.07%

42.58%

44.16%

42.90%

Operating Margin

2.81%

-1.44%

6.58%

12.30%

10.44%

Pretax Margin

1.05%

-1.11%

5.14%

12.05%

10.83%

Net Profit Margin

-0.89%

-2.79%

1.04%

3.34%

3.89%

Financial Strength

Current Ratio

4.40

5.17

3.25

3.84

3.76

Long Term Debt/Equity

0.01

0.01

0.00

0.00

0.00

Total Debt/Equity

0.02

0.01

0.18

0.01

0.03

Management Effectiveness

Return on Assets

-0.45%

-2.59%

3.20%

7.49%

7.42%

Return on Equity

-1.40%

-3.96%

1.84%

6.17%

6.67%

Efficiency

Receivables Turnover

8.36

7.73

8.63

8.34

8.20

Inventory Turnover

2.42

2.24

2.48

2.71

2.86

Asset Turnover

0.97

0.85

1.04

1.13

1.09

Market Valuation USD (mil)

P/E (TTM)

37.20

.

Enterprise Value2

185.7

Price/Sales (TTM)

0.20

.

Enterprise Value/Revenue (TTM)

0.19

Price/Book (MRQ)

0.29

.

Enterprise Value/EBITDA (TTM)

3.81

Market Cap as of 26-Aug-20111

200.3

.

 

 

1-ExchangeRate: JPY to USD on 26-Aug-2011

76.855000

 

 

 

2-ExchangeRate: JPY to USD on 30-Jun-2011

80.760000

 

 

 

 

 

Annual Ratios

 

Financials in: USD (mil)          

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

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Financial Strength

Current Ratio

4.40

5.17

3.25

3.84

3.76

Quick/Acid Test Ratio

2.34

2.86

1.68

2.02

2.12

Working Capital1

502.2

469.0

444.4

482.9

388.6

Long Term Debt/Equity

0.01

0.01

0.00

0.00

0.00

Total Debt/Equity

0.02

0.01

0.18

0.01

0.03

Long Term Debt/Total Capital

0.01

0.01

0.00

0.00

0.00

Total Debt/Total Capital

0.02

0.01

0.15

0.01

0.03

Payout Ratio

-85.58%

-23.81%

71.91%

24.27%

23.74%

Effective Tax Rate

144.33%

-

40.43%

45.08%

37.13%

Total Capital1

587.1

557.1

645.7

607.7

502.5

 

 

 

 

 

 

Efficiency

Asset Turnover

0.97

0.85

1.04

1.13

1.09

Inventory Turnover

2.42

2.24

2.48

2.71

2.86

Days In Inventory

150.56

163.29

147.17

134.81

127.47

Receivables Turnover

8.36

7.73

8.63

8.34

8.20

Days Receivables Outstanding

43.64

47.20

42.30

43.77

44.54

Revenue/Employee2

303,172

297,524

375,770

431,438

336,856

Operating Income/Employee2

8,532

-4,283

24,709

53,067

35,162

EBITDA/Employee2

17,822

6,794

36,703

65,103

44,174

 

 

 

 

 

 

Profitability

Gross Margin

40.12%

38.07%

42.58%

44.16%

42.90%

Operating Margin

2.81%

-1.44%

6.58%

12.30%

10.44%

EBITDA Margin

5.88%

2.28%

9.77%

15.09%

13.11%

EBIT Margin

2.81%

-1.44%

6.58%

12.30%

10.44%

Pretax Margin

1.05%

-1.11%

5.14%

12.05%

10.83%

Net Profit Margin

-0.89%

-2.79%

1.04%

3.34%

3.89%

COGS/Revenue

59.88%

61.93%

57.42%

55.84%

57.10%

SG&A Expense/Revenue

37.22%

39.16%

35.19%

31.88%

32.56%

 

 

 

 

 

 

Management Effectiveness

Return on Assets

-0.45%

-2.59%

3.20%

7.49%

7.42%

Return on Equity

-1.40%

-3.96%

1.84%

6.17%

6.67%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share2

0.61

3.26

-0.78

1.10

1.11

Operating Cash Flow/Share 2

1.35

3.85

0.69

3.21

2.20

1-ExchangeRate: JPY to USD Period End Date

82.88

93.44

98.77

99.535

118.075

2-ExchangeRate: JPY to USD Average for Period

82.88

93.44

98.77

99.535

118.075

 

Current Market Multiples

Market Cap/Earnings (TTM)

40.00

Market Cap/Equity (MRQ)

0.31

Market Cap/Revenue (TTM)

0.20

Market Cap/EBIT (TTM)

10.03

Market Cap/EBITDA (TTM)

3.91

Enterprise Value/Earnings (TTM)

38.97

Enterprise Value/Equity (MRQ)

0.31

Enterprise Value/Revenue (TTM)

0.19

Enterprise Value/EBIT (TTM)

9.78

Enterprise Value/EBITDA (TTM)

3.81

 

Annual Income Statement

Standardized

 

Financials in: USD (mil)          

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

913.4

807.3

1,000.2

949.8

814.6

Revenue

913.4

807.3

1,000.2

949.8

814.6

Total Revenue

913.4

807.3

1,000.2

949.8

814.6

 

 

 

 

 

 

    Cost of Revenue

546.9

500.0

574.3

530.3

465.2

Cost of Revenue, Total

546.9

500.0

574.3

530.3

465.2

Gross Profit

366.5

307.4

425.9

419.5

349.4

 

 

 

 

 

 

    Selling/General/Administrative Expense

132.0

119.8

139.5

116.6

100.0

    Labor & Related Expense

169.0

158.3

160.8

140.2

123.7

    Advertising Expense

39.0

38.1

51.7

46.0

41.6

Total Selling/General/Administrative Expenses

340.0

316.1

352.0

302.8

265.3

    Amortization of Acquisition Costs

0.0

3.3

0.0

-

-

Depreciation/Amortization

0.0

3.3

0.0

-

-

    Impairment-Assets Held for Use

-

-

-

-

0.0

    Impairment-Assets Held for Sale

1.3

0.5

9.1

0.2

0.4

    Other Unusual Expense (Income)

-0.5

-0.9

-1.0

-0.3

-1.3

Unusual Expense (Income)

0.8

-0.4

8.2

-0.2

-0.9

Total Operating Expense

887.7

819.0

934.5

832.9

729.5

 

 

 

 

 

 

Operating Income

25.7

-11.6

65.8

116.8

85.0

 

 

 

 

 

 

        Interest Expense - Non-Operating

-0.7

-2.5

-2.0

-1.9

-1.5

    Interest Expense, Net Non-Operating

-0.7

-2.5

-2.0

-1.9

-1.5

        Interest Income - Non-Operating

1.3

1.7

3.8

3.9

2.3

        Investment Income - Non-Operating

-9.4

5.3

-10.5

-2.9

2.4

    Interest/Investment Income - Non-Operating

-8.1

7.0

-6.6

1.0

4.7

Interest Income (Expense) - Net Non-Operating Total

-8.8

4.4

-8.6

-1.0

3.2

Gain (Loss) on Sale of Assets

-1.6

-0.2

-0.6

-0.7

-0.2

    Other Non-Operating Income (Expense)

-5.7

-1.5

-5.1

-0.8

0.1

Other, Net

-5.7

-1.5

-5.1

-0.8

0.1

Income Before Tax

9.6

-8.9

51.4

114.4

88.2

 

 

 

 

 

 

Total Income Tax

13.8

15.5

20.8

51.6

32.8

Income After Tax

-4.3

-24.4

30.6

62.8

55.5

 

 

 

 

 

 

    Minority Interest

-3.9

1.9

-20.2

-31.2

-23.8

Net Income Before Extraord Items

-8.1

-22.5

10.4

31.7

31.7

Net Income

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

    Miscellaneous Earnings Adjustment

0.0

-

0.0

0.0

0.0

Total Adjustments to Net Income

0.0

-

0.0

0.0

0.0

Income Available to Common Excl Extraord Items

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Basic EPS Excl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Basic/Primary EPS Incl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

-8.1

-22.5

10.4

31.7

31.7

Diluted Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Diluted EPS Excl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Diluted EPS Incl Extraord Items

-0.34

-0.90

0.42

1.26

1.26

Dividends per Share - Common Stock Primary Issue

0.29

0.22

0.30

0.31

0.30

Gross Dividends - Common Stock

6.9

5.3

7.5

7.7

7.5

Interest Expense, Supplemental

0.7

2.5

2.0

1.9

1.5

Depreciation, Supplemental

28.0

30.1

31.9

26.5

21.8

Total Special Items

3.1

5.1

9.9

1.5

0.2

Normalized Income Before Tax

12.7

-3.8

61.4

115.9

88.4

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.8

-0.1

3.6

0.2

-0.2

Inc Tax Ex Impact of Sp Items

14.7

15.4

24.4

51.8

32.5

Normalized Income After Tax

-2.0

-19.2

37.0

64.1

55.9

 

 

 

 

 

 

Normalized Inc. Avail to Com.

-5.9

-17.3

16.8

32.9

32.1

 

 

 

 

 

 

Basic Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Diluted Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Amort of Acquisition Costs, Supplemental

0.7

5.3

1.1

1.0

0.9

Advertising Expense, Supplemental

39.0

38.1

51.7

46.0

41.6

Research & Development Exp, Supplemental

79.5

66.6

67.4

59.0

58.5

Reported Operating Profit

26.5

-8.7

73.9

116.7

84.2

Reported Ordinary Profit

10.6

-5.8

60.2

114.5

89.4

Normalized EBIT

26.5

-12.0

73.9

116.7

84.2

Normalized EBITDA

55.2

23.3

107.0

144.1

106.8

Interest Cost - Domestic

2.7

2.4

2.1

1.7

1.6

Service Cost - Domestic

6.2

5.5

4.8

4.0

3.7

Prior Service Cost - Domestic

-1.0

-0.9

-0.9

-0.8

-0.7

Expected Return on Assets - Domestic

-2.5

-2.0

-2.1

-2.0

-1.8

Actuarial Gains and Losses - Domestic

3.0

5.2

2.1

-0.6

-0.4

Domestic Pension Plan Expense

8.4

10.1

6.1

2.3

2.3

Defined Contribution Expense - Domestic

4.9

4.4

4.8

4.2

1.1

Total Pension Expense

13.2

14.5

10.9

6.5

3.4

Discount Rate - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Total Plan Interest Cost

2.7

2.4

2.1

1.7

1.6

Total Plan Service Cost

6.2

5.5

4.8

4.0

3.7

Total Plan Expected Return

-2.5

-2.0

-2.1

-2.0

-1.8

 

 

Interim Income Statement

Standardized

 

Financials in: USD (mil)          

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

 

 

 

30-Jun-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

30-Jun-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal
31-Mar-2011

Updated Normal
31-Dec-2010

Updated Normal
30-Sep-2010

Updated Normal
30-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

81.605269

82.241044

82.567473

85.838925

92.080323

 

 

 

 

 

 

    Net Sales

222.6

246.2

227.1

233.2

209.1

Revenue

222.6

246.2

227.1

233.2

209.1

Total Revenue

222.6

246.2

227.1

233.2

209.1

 

 

 

 

 

 

    Cost of Revenue

138.2

150.6

140.1

134.1

123.7

Cost of Revenue, Total

138.2

150.6

140.1

134.1

123.7

Gross Profit

84.4

95.6

86.9

99.0

85.4

 

 

 

 

 

 

    Selling/General/Administrative Expense

32.7

30.0

31.3

35.0

31.6

    Labor & Related Expense

44.5

49.0

42.5

41.9

40.1

    Advertising Expense

10.2

10.9

9.4

9.7

9.0

Total Selling/General/Administrative Expenses

87.4

89.9

83.2

86.6

80.7

    Impairment-Assets Held for Sale

0.0

1.3

0.1

0.0

0.0

    Other Unusual Expense (Income)

-

-0.6

0.0

0.0

-

Unusual Expense (Income)

0.0

0.7

0.1

0.0

0.0

Total Operating Expense

225.6

241.2

223.5

220.7

204.5

 

 

 

 

 

 

Operating Income

-3.0

5.0

3.6

12.5

4.6

 

 

 

 

 

 

        Interest Expense - Non-Operating

-0.2

-0.3

-0.1

-0.1

-0.2

    Interest Expense, Net Non-Operating

-0.2

-0.3

-0.1

-0.1

-0.2

        Interest Income - Non-Operating

0.3

0.4

0.4

0.3

0.3

        Investment Income - Non-Operating

0.4

2.1

-0.6

-7.1

-3.5

    Interest/Investment Income - Non-Operating

0.7

2.5

-0.2

-6.8

-3.2

Interest Income (Expense) - Net Non-Operating Total

0.6

2.2

-0.3

-6.9

-3.4

Gain (Loss) on Sale of Assets

0.0

-0.2

-1.3

-0.3

0.0

    Other Non-Operating Income (Expense)

-1.4

-2.4

-1.4

-1.3

-0.8

Other, Net

-1.4

-2.4

-1.4

-1.3

-0.8

Income Before Tax

-3.8

4.7

0.6

4.0

0.4

 

 

 

 

 

 

Total Income Tax

-12.7

3.0

5.3

3.5

2.2

Income After Tax

8.8

1.7

-4.6

0.5

-1.8

 

 

 

 

 

 

    Minority Interest

0.6

-0.1

0.8

-2.8

-1.6

Net Income Before Extraord Items

9.5

1.6

-3.9

-2.4

-3.3

Net Income

9.5

1.6

-3.9

-2.4

-3.3

 

 

 

 

 

 

    Miscellaneous Earnings Adjustment

0.0

0.0

0.0

0.0

0.0

Total Adjustments to Net Income

0.0

0.0

0.0

0.0

0.0

Income Available to Common Excl Extraord Items

9.5

1.6

-3.9

-2.4

-3.3

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

9.5

1.6

-3.9

-2.4

-3.3

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

23.8

23.8

23.8

23.8

23.8

Basic EPS Excl Extraord Items

0.40

0.07

-0.16

-0.10

-0.14

Basic/Primary EPS Incl Extraord Items

0.40

0.07

-0.16

-0.10

-0.14

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

9.5

1.6

-3.9

-2.4

-3.3

Diluted Weighted Average Shares

23.8

23.8

23.8

23.8

23.8

Diluted EPS Excl Extraord Items

0.40

0.07

-0.16

-0.10

-0.14

Diluted EPS Incl Extraord Items

0.40

0.07

-0.16

-0.10

-0.14

Dividends per Share - Common Stock Primary Issue

0.00

0.15

0.00

0.15

0.00

Gross Dividends - Common Stock

0.0

3.6

0.0

3.5

0.0

Interest Expense, Supplemental

0.2

0.3

0.1

0.1

0.2

Depreciation, Supplemental

6.8

7.2

7.1

7.1

6.6

Total Special Items

0.2

1.0

1.5

0.5

0.2

Normalized Income Before Tax

-3.7

5.7

2.1

4.4

0.7

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.3

0.5

0.1

0.0

Inc Tax Ex Impact of Sp Items

-12.7

3.3

5.7

3.6

2.2

Normalized Income After Tax

9.0

2.4

-3.6

0.8

-1.5

 

 

 

 

 

 

Normalized Inc. Avail to Com.

9.6

2.3

-2.8

-2.0

-3.1

 

 

 

 

 

 

Basic Normalized EPS

0.41

0.10

-0.12

-0.08

-0.13

Diluted Normalized EPS

0.41

0.10

-0.12

-0.08

-0.13

Amort of Acquisition Costs, Supplemental

0.2

0.2

0.2

0.2

0.2

Advertising Expense, Supplemental

10.2

10.9

9.4

9.7

9.0

Reported Operating Profit

-3.0

5.7

3.7

12.5

4.6

Reported Ordinary Profit

-3.8

4.1

2.0

4.3

0.5

Normalized EBIT

-3.0

5.7

3.7

12.5

4.7

Normalized EBITDA

3.9

13.1

11.0

19.7

11.4

 

 

Annual Balance Sheet

Standardized

 

Financials in: USD (mil)          

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

82.88

93.44

98.77

99.535

118.075

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

236.3

219.0

232.4

200.8

189.8

    Short Term Investments

-

0.0

1.4

6.2

3.1

Cash and Short Term Investments

236.3

219.0

233.7

207.1

192.9

        Accounts Receivable - Trade, Gross

114.6

107.2

103.8

139.7

109.9

        Provision for Doubtful Accounts

-4.9

-4.2

-4.7

-4.0

-3.8

    Trade Accounts Receivable - Net

109.7

103.0

99.1

135.7

106.1

Total Receivables, Net

109.7

103.0

99.1

135.7

106.1

    Inventories - Finished Goods

183.9

156.7

186.6

188.1

-

    Inventories - Work In Progress

6.7

3.4

4.1

11.9

-

    Inventories - Raw Materials

50.2

40.1

40.8

37.9

-

Total Inventory

240.8

200.2

231.5

237.8

178.7

    Deferred Income Tax - Current Asset

17.5

13.9

23.7

29.0

20.6

    Other Current Assets

45.5

45.4

53.9

43.2

31.2

Other Current Assets, Total

63.0

59.3

77.7

72.1

51.8

Total Current Assets

649.8

581.6

642.0

652.8

529.5

 

 

 

 

 

 

        Buildings

262.6

224.0

209.8

200.7

163.1

        Land/Improvements

101.0

83.7

76.8

77.6

55.3

        Machinery/Equipment

170.5

153.6

142.0

154.6

129.2

        Construction in Progress

1.2

0.3

2.4

5.2

1.2

    Property/Plant/Equipment - Gross

535.4

461.6

431.1

438.1

348.8

    Accumulated Depreciation

-306.0

-269.0

-239.1

-244.1

-197.7

Property/Plant/Equipment - Net

229.4

192.6

192.0

194.0

151.0

Goodwill, Net

1.1

1.4

2.1

3.9

3.5

Intangibles, Net

14.0

16.2

19.3

21.7

11.8

    LT Investments - Other

21.8

30.4

36.4

48.4

39.5

Long Term Investments

21.8

30.4

36.4

48.4

39.5

Note Receivable - Long Term

0.4

6.5

11.5

8.7

8.8

    Deferred Income Tax - Long Term Asset

5.4

7.5

10.4

9.9

6.5

    Other Long Term Assets

32.7

37.9

36.8

52.1

38.0

Other Long Term Assets, Total

38.1

45.4

47.2

62.1

44.5

Total Assets

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

Accounts Payable

47.9

37.5

34.6

62.9

47.2

Accrued Expenses

15.0

12.3

12.0

16.2

13.3

Notes Payable/Short Term Debt

9.3

4.5

96.3

3.8

13.4

Current Portion - Long Term Debt/Capital Leases

0.0

0.5

0.7

1.4

1.2

    Income Taxes Payable

10.3

2.0

3.0

21.4

20.1

    Deferred Income Tax - Current Liability

0.0

0.0

0.0

0.1

0.1

    Other Current Liabilities

65.0

55.7

51.0

64.1

45.7

Other Current liabilities, Total

75.4

57.8

54.0

85.5

65.8

Total Current Liabilities

147.7

112.5

197.6

169.9

140.9

 

 

 

 

 

 

    Long Term Debt

3.2

2.8

0.0

0.3

1.9

Total Long Term Debt

3.2

2.8

0.0

0.3

1.9

Total Debt

12.5

7.7

97.1

5.6

16.4

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

2.5

3.6

7.3

11.9

9.6

Deferred Income Tax

2.5

3.6

7.3

11.9

9.6

Minority Interest

199.2

181.4

175.2

188.4

135.0

    Pension Benefits - Underfunded

4.0

1.7

0.0

-

0.0

    Other Long Term Liabilities

23.5

22.8

21.7

18.8

15.2

Other Liabilities, Total

27.5

24.5

21.7

18.8

15.2

Total Liabilities

380.1

324.8

401.9

389.4

302.6

 

 

 

 

 

 

    Common Stock

111.9

99.3

93.9

93.2

78.5

Common Stock

111.9

99.3

93.9

93.2

78.5

Additional Paid-In Capital

130.3

115.6

109.4

108.5

91.5

Retained Earnings (Accumulated Deficit)

436.9

399.8

407.6

402.2

316.4

Treasury Stock - Common

-21.3

-18.9

-7.0

-6.9

-5.8

Unrealized Gain (Loss)

-18.6

-14.3

-14.7

-14.5

-8.4

    Translation Adjustment

-64.6

-32.1

-40.5

19.6

13.8

Other Equity, Total

-64.6

-32.1

-40.5

19.6

13.8

Total Equity

574.6

549.3

548.7

602.1

486.0

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

23.8

23.8

25.1

25.1

25.1

Total Common Shares Outstanding

23.8

23.8

25.1

25.1

25.1

Treasury Shares - Common Stock Primary Issue

1.8

1.8

0.5

0.5

0.5

Employees

3,115

2,699

2,708

2,528

2,395

Number of Common Shareholders

4,854

5,169

5,039

4,402

4,381

Total Long Term Debt, Supplemental

3.2

3.2

0.7

1.7

3.1

Long Term Debt Maturing within 1 Year

0.0

0.5

0.7

1.4

1.2

Long Term Debt Maturing in Year 2

3.1

0.0

0.0

0.1

1.6

Long Term Debt Maturing in Year 3

0.1

2.7

0.0

0.0

0.2

Long Term Debt Maturing in Year 4

0.0

0.0

0.0

0.0

0.0

Long Term Debt Maturing in Year 5

0.0

0.0

0.0

0.0

0.0

Long Term Debt Maturing in 2-3 Years

3.1

2.7

0.0

0.2

1.8

Long Term Debt Maturing in 4-5 Years

0.0

0.0

0.0

0.0

0.0

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

0.2

0.0

Total Capital Leases, Supplemental

1.2

1.5

1.3

-

-

Capital Lease Payments Due in Year 1

0.3

0.3

0.2

-

-

Capital Lease Payments Due in Year 2

0.2

0.3

0.2

-

-

Capital Lease Payments Due in Year 3

0.1

0.1

0.1

-

-

Capital Lease Payments Due in Year 4

0.1

0.1

0.1

-

-

Capital Lease Payments Due in Year 5

0.1

0.1

0.1

-

-

Capital Lease Payments Due in 2-3 Years

0.3

0.4

0.3

-

-

Capital Lease Payments Due in 4-5 Years

0.2

0.2

0.2

-

-

Cap. Lease Pymts. Due in Year 6 & Beyond

0.5

0.6

0.7

-

-

Total Operating Leases, Supplemental

27.9

30.8

24.1

-

-

Operating Lease Payments Due in Year 1

6.1

5.8

4.1

-

-

Oper. Lse. Pymts. Due in Year 6 & Beyond

21.8

24.9

20.0

-

-

Pension Obligation - Domestic

118.3

99.6

89.8

83.8

65.5

Plan Assets - Domestic

105.0

90.5

75.1

84.0

76.0

Funded Status - Domestic

-13.3

-9.1

-14.7

0.1

10.5

Total Funded Status

-13.3

-9.1

-14.7

0.1

10.5

Discount Rate - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Prepaid Benefits - Domestic

-

-

2.5

3.4

0.9

Accrued Liabilities - Domestic

-4.0

-1.7

-

-

-

Other Assets, Net - Domestic

9.3

7.4

17.2

3.3

-9.6

Net Assets Recognized on Balance Sheet

5.3

5.7

19.7

6.7

-8.6

Total Plan Obligations

118.3

99.6

89.8

83.8

65.5

Total Plan Assets

105.0

90.5

75.1

84.0

76.0

 

 

Interim Balance Sheet

 

Standardized

 

Financials in: USD (mil)          

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

 

 

 

30-Jun-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

30-Jun-2010

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Sep-2010

Updated Normal 
30-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

80.76

82.88

81.105

83.54

88.49

 

 

 

 

 

 

    Cash & Equivalents

227.0

236.3

230.7

222.8

227.4

    Short Term Investments

-

-

-

1.2

1.4

Cash and Short Term Investments

227.0

236.3

230.7

224.0

228.8

        Accounts Receivable - Trade, Gross

119.1

114.6

127.1

121.6

113.2

        Provision for Doubtful Accounts

-4.9

-4.9

-5.9

-5.9

-5.2

    Trade Accounts Receivable - Net

114.1

109.7

121.2

115.7

108.0

Total Receivables, Net

114.1

109.7

121.2

115.7

108.0

    Inventories - Finished Goods

201.4

183.9

195.8

164.9

168.8

    Inventories - Work In Progress

7.3

6.7

8.6

8.1

7.8

    Inventories - Raw Materials

52.8

50.2

56.3

55.9

53.5

Total Inventory

261.6

240.8

260.6

228.9

230.1

    Other Current Assets

61.5

63.0

63.9

60.4

56.1

Other Current Assets, Total

61.5

63.0

63.9

60.4

56.1

Total Current Assets

664.2

649.8

676.4

629.0

623.0

 

 

 

 

 

 

        Buildings

273.0

262.6

269.3

261.6

251.3

        Land/Improvements

104.0

101.0

103.0

100.1

95.5

        Machinery/Equipment

182.3

170.5

177.8

171.6

169.1

        Construction in Progress

1.9

1.2

0.6

0.5

0.6

    Property/Plant/Equipment - Gross

561.3

535.4

550.7

533.8

516.5

    Accumulated Depreciation

-323.0

-306.0

-316.2

-303.4

-291.9

Property/Plant/Equipment - Net

238.3

229.4

234.5

230.4

224.6

Goodwill, Net

1.5

1.1

0.9

1.0

1.2

Intangibles, Net

13.6

14.0

14.5

15.3

16.3

    LT Investments - Other

19.9

21.8

26.0

23.0

23.6

Long Term Investments

19.9

21.8

26.0

23.0

23.6

    Other Long Term Assets

57.9

38.5

42.6

43.2

42.0

Other Long Term Assets, Total

57.9

38.5

42.6

43.2

42.0

Total Assets

995.3

954.6

994.9

941.8

930.6

 

 

 

 

 

 

Accounts Payable

58.5

47.9

71.0

38.2

57.1

Accrued Expenses

7.0

15.0

8.0

16.2

7.3

Notes Payable/Short Term Debt

8.9

9.3

9.1

9.3

8.9

Current Portion - Long Term Debt/Capital Leases

0.1

0.0

0.1

0.2

0.3

    Income Taxes Payable

1.5

10.3

8.1

8.3

1.7

    Other Current Liabilities

65.3

65.0

67.2

53.9

57.1

Other Current liabilities, Total

66.9

75.4

75.3

62.2

58.7

Total Current Liabilities

141.2

147.7

163.5

126.2

132.3

 

 

 

 

 

 

    Long Term Debt

3.3

3.2

3.3

3.2

2.9

Total Long Term Debt

3.3

3.2

3.3

3.2

2.9

Total Debt

12.2

12.5

12.4

12.8

12.1

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

2.6

2.5

2.7

2.7

2.5

Deferred Income Tax

2.6

2.5

2.7

2.7

2.5

Minority Interest

210.0

199.2

207.2

202.2

196.7

    Pension Benefits - Underfunded

4.5

4.0

3.5

2.9

2.3

    Other Long Term Liabilities

26.1

23.5

21.5

23.9

24.0

Other Liabilities, Total

30.6

27.5

25.1

26.8

26.3

Total Liabilities

387.7

380.1

401.8

361.0

360.8

 

 

 

 

 

 

    Common Stock

114.8

111.9

114.3

111.0

104.8

Common Stock

114.8

111.9

114.3

111.0

104.8

Additional Paid-In Capital

133.7

130.3

133.2

129.3

122.1

Retained Earnings (Accumulated Deficit)

454.8

436.9

444.8

439.2

416.9

Treasury Stock - Common

-21.9

-21.3

-21.8

-21.2

-20.0

Unrealized Gain (Loss)

-19.1

-18.6

-19.0

-19.5

-16.7

    Translation Adjustment

-54.8

-64.6

-58.4

-58.0

-37.2

Other Equity, Total

-54.8

-64.6

-58.4

-58.0

-37.2

Total Equity

607.6

574.6

593.1

580.8

569.9

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

995.3

954.6

994.9

941.8

930.6

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

23.8

23.8

23.8

23.8

23.8

Total Common Shares Outstanding

23.8

23.8

23.8

23.8

23.8

Treasury Shares - Common Stock Primary Issue

1.8

1.8

1.8

1.8

1.8

Employees

-

3,115

3,109

3,095

3,111

 

 

Annual Cash Flows

Standardized

 

Financials in: USD (mil)          

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

9.6

-8.9

51.4

114.4

88.2

    Depreciation

28.0

30.1

31.9

26.5

21.8

Depreciation/Depletion

28.0

30.1

31.9

26.5

21.8

    Amortization of Acquisition Costs

0.7

5.3

1.1

1.0

0.9

Amortization

0.7

5.3

1.1

1.0

0.9

    Unusual Items

0.4

0.7

9.7

0.3

2.5

    Equity in Net Earnings (Loss)

0.0

0.1

-0.2

-1.6

-1.5

    Other Non-Cash Items

4.3

-3.7

1.7

1.9

-4.9

Non-Cash Items

4.8

-2.9

11.3

0.5

-3.9

    Accounts Receivable

-7.5

2.0

1.6

-6.8

-11.4

    Inventories

-26.2

57.7

-35.1

-20.9

-29.6

    Accounts Payable

16.1

0.5

8.8

5.3

6.9

    Other Operating Cash Flow

5.7

8.3

-54.1

-49.8

-17.2

Changes in Working Capital

-12.0

68.5

-78.8

-72.2

-51.2

Cash from Operating Activities

31.1

92.1

17.0

70.2

55.8

 

 

 

 

 

 

    Purchase of Fixed Assets

-13.6

-10.6

-30.3

-34.9

-20.7

    Purchase/Acquisition of Intangibles

-3.4

-3.4

-6.0

-11.4

-7.0

Capital Expenditures

-17.0

-14.0

-36.3

-46.3

-27.7

    Sale of Fixed Assets

0.4

0.5

0.9

1.0

1.0

    Sale/Maturity of Investment

4.6

11.3

13.3

4.4

8.7

    Purchase of Investments

-9.9

-13.1

-12.3

-22.8

-20.9

    Other Investing Cash Flow

1.5

12.0

5.4

0.1

3.1

Other Investing Cash Flow Items, Total

-3.4

10.7

7.2

-17.3

-8.0

Cash from Investing Activities

-20.4

-3.3

-29.0

-63.6

-35.7

 

 

 

 

 

 

    Other Financing Cash Flow

-4.3

-7.0

-10.3

-7.1

-6.5

Financing Cash Flow Items

-4.3

-7.0

-10.3

-7.1

-6.5

    Cash Dividends Paid - Common

-6.2

-6.8

-8.1

-8.2

-6.4

Total Cash Dividends Paid

-6.2

-6.8

-8.1

-8.2

-6.4

        Repurchase/Retirement of Common

0.0

-11.6

0.0

-0.1

0.0

    Common Stock, Net

0.0

-11.6

0.0

-0.1

0.0

Issuance (Retirement) of Stock, Net

0.0

-11.6

0.0

-0.1

0.0

    Short Term Debt, Net

3.0

-96.3

88.5

-10.8

6.5

        Long Term Debt Issued

0.1

2.7

0.0

-

-

        Long Term Debt Reduction

-0.5

-0.5

-0.6

-1.8

-1.6

    Long Term Debt, Net

-0.3

2.3

-0.6

-1.8

-1.6

Issuance (Retirement) of Debt, Net

2.7

-94.0

87.9

-12.6

4.9

Cash from Financing Activities

-7.9

-119.3

69.5

-28.0

-8.0

 

 

 

 

 

 

Foreign Exchange Effects

-20.6

0.4

-22.3

-3.6

5.1

Net Change in Cash

-17.8

-30.2

35.1

-25.0

17.1

 

 

 

 

 

 

Net Cash - Beginning Balance

240.1

249.8

194.6

196.1

174.6

Net Cash - Ending Balance

222.3

219.5

229.7

171.1

191.7

Cash Interest Paid

0.9

2.4

2.5

1.7

1.5

Cash Taxes Paid

3.3

-2.3

48.9

56.8

28.1

 

 

 

Interim Cash Flows

Standardized

 

Financials in: USD (mil)          

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

 

 

 

31-Mar-2011

31-Dec-2010

30-Sep-2010

30-Jun-2010

31-Mar-2010

Period Length

12 Months

9 Months

6 Months

3 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Sep-2010

Updated Normal 
30-Jun-2010

Updated Normal 
31-Mar-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

86.812446

88.962162

92.080323

92.941082

 

 

 

 

 

 

Net Income/Starting Line

9.6

5.0

4.3

0.4

-8.9

    Depreciation

28.0

20.8

13.6

6.6

30.1

Depreciation/Depletion

28.0

20.8

13.6

6.6

30.1

    Amortization of Acquisition Costs

0.7

0.5

0.4

0.2

5.3

Amortization

0.7

0.5

0.4

0.2

5.3

    Unusual Items

0.4

0.5

0.3

0.1

0.7

    Equity in Net Earnings (Loss)

0.0

0.0

0.0

0.0

0.1

    Other Non-Cash Items

4.3

6.0

4.3

1.3

-3.7

Non-Cash Items

4.8

6.5

4.7

1.4

-2.9

    Accounts Receivable

-7.5

-11.5

-7.4

2.2

2.0

    Inventories

-26.2

-33.8

-11.1

-10.5

57.7

    Accounts Payable

16.1

30.4

-0.9

11.0

0.5

    Other Operating Cash Flow

5.7

-3.9

0.1

-6.1

8.3

Changes in Working Capital

-12.0

-18.8

-19.2

-3.5

68.5

Cash from Operating Activities

31.1

14.0

3.7

5.1

92.1

 

 

 

 

 

 

    Purchase of Fixed Assets

-13.6

-8.5

-5.4

-2.3

-10.6

    Purchase/Acquisition of Intangibles

-3.4

-2.5

-1.9

-1.0

-3.4

Capital Expenditures

-17.0

-10.9

-7.2

-3.3

-14.0

    Sale of Fixed Assets

0.4

0.4

0.1

0.0

0.5

    Sale/Maturity of Investment

4.6

2.2

0.7

0.7

11.3

    Purchase of Investments

-9.9

-8.8

-1.4

-1.3

-13.1

    Other Investing Cash Flow

1.5

0.6

1.2

0.9

12.0

Other Investing Cash Flow Items, Total

-3.4

-5.6

0.7

0.3

10.7

Cash from Investing Activities

-20.4

-16.6

-6.5

-3.0

-3.3

 

 

 

 

 

 

    Other Financing Cash Flow

-4.3

-4.1

-2.1

-1.5

-7.0

Financing Cash Flow Items

-4.3

-4.1

-2.1

-1.5

-7.0

    Cash Dividends Paid - Common

-6.2

-6.2

-2.7

-2.6

-6.8

Total Cash Dividends Paid

-6.2

-6.2

-2.7

-2.6

-6.8

        Repurchase/Retirement of Common

0.0

-

-

-

-11.6

    Common Stock, Net

0.0

-

-

-

-11.6

Issuance (Retirement) of Stock, Net

0.0

-

-

-

-11.6

    Short Term Debt, Net

3.0

2.7

3.0

2.4

-96.3

        Long Term Debt Issued

0.1

0.1

0.1

-

2.7

        Long Term Debt Reduction

-0.5

-0.5

-0.2

-0.2

-0.5

    Long Term Debt, Net

-0.3

-0.3

-0.1

-0.2

2.3

Issuance (Retirement) of Debt, Net

2.7

2.3

2.9

2.1

-94.0

Cash from Financing Activities

-7.9

-7.9

-1.9

-2.0

-119.3

 

 

 

 

 

 

Foreign Exchange Effects

-20.6

-17.6

-17.4

-5.0

0.4

Net Change in Cash

-17.8

-28.1

-22.1

-4.9

-30.2

 

 

 

 

 

 

Net Cash - Beginning Balance

240.1

237.0

231.3

223.5

249.8

Net Cash - Ending Balance

222.3

208.9

209.2

218.5

219.5

Cash Interest Paid

0.9

0.6

0.4

0.3

2.4

Cash Taxes Paid

3.3

1.1

-2.0

0.9

-2.3

 

 

Annual Income Statement

As Reported

 

Financials in: USD (mil)

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

913.4

807.3

1,000.2

949.8

814.6

Total Revenue

913.4

807.3

1,000.2

949.8

814.6

 

 

 

 

 

 

    Cost of Sales

546.9

500.0

574.3

530.3

465.2

    Advertising&Sales Promotion Expenses

39.0

38.1

51.7

46.0

41.6

    Provision for Doubtful Accounts(SGA)

2.0

0.5

2.6

0.5

1.1

    Payrolls & Bonuses

162.5

152.7

155.1

133.2

117.0

    Reserve for Officers Retirement

-

-

-

-

0.0

    Provision for Bonuses

6.5

5.6

5.0

5.8

5.5

    Provision for directors' bonuses

-

0.0

0.7

1.2

1.1

    Reserve for product warranty

2.7

1.4

1.9

1.6

0.0

    Other Selling & General Expenses

127.3

117.9

135.0

114.5

98.9

    SP Gain on Prior Period Adjustments

-

-

-

-

0.0

    SP Reversal G on allow.doubt.accounts

-0.4

-0.5

-0.2

-0.3

-0.2

    SP G on reserve for product warranty

-0.1

-0.4

-0.9

0.0

-

    National Subsidy

-

-

-

0.0

-1.2

    SP Prov. for Doubt. Account- Affiliates

-

-

-

0.0

0.2

    SP Loss on Val. of LT Inv't in Secs.

1.3

0.5

8.9

0.2

0.3

    SP L on Val. of Contribut. Inv. Affil.

0.0

0.0

0.3

0.0

0.0

    SP L on Extinguishment of Tie-in stock

-

0.0

0.2

0.0

-

    SP Impairment Loss

-

-

-

-

0.0

    Amort. Goodwill - nonrecuring

0.0

3.3

0.0

-

-

Total Operating Expense

887.7

819.0

934.5

832.9

729.5

 

 

 

 

 

 

    SP Gain Sale Fixed Assets

0.2

0.2

0.2

0.2

0.2

    SP Special Dividends Received

-

-

-

-

0.0

    SP Gain on Liquid. of Affiliates

0.1

0.0

-

0.0

0.0

    SP Gain on Sale of LT Inv't Secs.

1.4

0.0

0.0

0.1

0.4

    SP G on sale of inv't in closely-held

0.0

0.0

0.0

0.1

0.0

    SP Gain Equity in Affiliate

-

-

0.0

0.2

0.0

    SP Gain on Transfer of Business

-

-

-

0.0

0.1

    SP Loss on Sale / Retire. of Fix. Asset

-0.8

-0.4

-0.8

-0.7

-0.5

    SP Loss Affiliate Liquidated

-

0.0

0.0

-0.2

0.0

    SP Loss on Affiliates Equity Change

-

-

-

0.0

-2.2

    SP Loss Sale Inv. Secs.

-0.1

0.0

0.0

0.0

-

    NOP Interest Income

1.3

1.7

3.8

3.9

2.3

    NOP Dividends Income

1.0

0.8

1.6

1.7

1.6

    NOP Foreign Exchange Gains

0.0

4.5

0.0

0.0

1.3

    NOP Equity Earnings

-

0.0

0.2

1.6

1.5

    NOP Other Non-Operating Income

4.1

3.8

3.7

3.6

3.6

    NOP Interest Expenses

-0.7

-2.5

-2.0

-1.9

-1.5

    NOP Sales Discounts

-7.7

-4.2

-6.6

-3.9

-2.7

    NOP Amort. New Stock Issue

-

-

-

-

0.0

    NOP Foreign Exchange Losses

-11.8

0.0

-12.2

-6.6

0.0

    NOP Equity in losses of affiliates

0.0

-0.1

0.0

-

-

    NOP Other Non-Operating Expenses

-2.1

-1.1

-2.1

-0.5

-0.7

    SP Loss on transfer of business

-1.1

0.0

-

-

-

Net Income Before Taxes

9.6

-8.9

51.4

114.4

88.2

 

 

 

 

 

 

Provision for Income Taxes

13.8

15.5

20.8

51.6

32.8

Net Income After Taxes

-4.3

-24.4

30.6

62.8

55.5

 

 

 

 

 

 

    Minority Interest

-3.9

1.9

-20.2

-31.2

-23.8

Net Income Before Extra. Items

-8.1

-22.5

10.4

31.7

31.7

Net Income

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

    Rounding Adjustment

0.0

-

0.0

0.0

0.0

    Directors Bonus

-

-

-

0.0

0.0

Income Available to Com Excl ExtraOrd

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

-8.1

-22.5

10.4

31.7

31.7

 

 

 

 

 

 

Basic Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Basic EPS Excluding ExtraOrdinary Items

-0.34

-0.90

0.42

1.26

1.26

Basic EPS Including ExtraOrdinary Item

-0.34

-0.90

0.42

1.26

1.26

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

-8.1

-22.5

10.4

31.7

31.7

Diluted Weighted Average Shares

23.8

24.9

25.1

25.1

25.1

Diluted EPS Excluding ExtraOrd Items

-0.34

-0.90

0.42

1.26

1.26

Diluted EPS Including ExtraOrd Items

-0.34

-0.90

0.42

1.26

1.26

DPS-Common Stock

0.29

0.22

0.30

0.31

0.30

Gross Dividends - Common Stock

6.9

5.3

7.5

7.7

7.5

Normalized Income Before Taxes

12.7

-3.8

61.4

115.9

88.4

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

14.7

15.4

24.4

51.8

32.5

Normalized Income After Taxes

-2.0

-19.2

37.0

64.1

55.9

 

 

 

 

 

 

Normalized Inc. Avail to Com.

-5.9

-17.3

16.8

32.9

32.1

 

 

 

 

 

 

Basic Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Diluted Normalized EPS

-0.25

-0.69

0.67

1.31

1.28

Interest Expense

0.7

2.5

2.0

1.9

1.5

Amort.Goodwill

0.7

5.3

1.1

1.0

0.9

Amort.-Consolidation

-

-

-

-

0.0

Depreciation

28.0

30.1

31.9

26.5

21.8

Advertising Expense, Supplemental

39.0

38.1

51.7

46.0

41.6

R & D Expenses ( COGS & SGA )

79.5

66.6

67.4

59.0

58.5

Reported Operating Profit

26.5

-8.7

73.9

116.7

84.2

Reported Ordinary Profit

10.6

-5.8

60.2

114.5

89.4

Service Cost

6.2

5.5

4.8

4.0

3.7

Interest Cost

2.7

2.4

2.1

1.7

1.6

Expected Return on Plan Assets

-2.5

-2.0

-2.1

-2.0

-1.8

Actuarial Gains and Losses

3.0

5.2

2.1

-0.6

-0.4

Prior Service Cost

-1.0

-0.9

-0.9

-0.8

-0.7

Domestic Pension Plan Expense

8.4

10.1

6.1

2.3

2.3

Other Pension Cost

4.9

4.4

4.8

4.2

1.1

Total Pension Expense

13.2

14.5

10.9

6.5

3.4

Discount Rate

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return

2.50%

2.50%

2.50%

2.50%

2.50%

 

 

 

Interim Income Statement

As Reported

 

Financials in: USD (mil)

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

 

 

 

30-Jun-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

30-Jun-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Sep-2010

Updated Normal 
30-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

81.605269

82.241044

82.567473

85.838925

92.080323

 

 

 

 

 

 

    Net Sales

222.6

246.2

227.1

233.2

209.1

Total Revenue

222.6

246.2

227.1

233.2

209.1

 

 

 

 

 

 

    Cost of Sales

138.2

150.6

140.1

134.1

123.7

    Sales promotion & advert. exp.

10.2

10.9

9.4

9.7

9.0

    Provision for Doubtful Accounts(Sga)

0.0

-

0.0

1.0

0.9

    Payrolls & Bonus

41.5

49.0

39.0

38.1

37.0

    Provision for Bonuses

3.0

-

3.4

3.6

3.1

    Provision for Directors' Bonuses

0.0

-

0.1

0.1

0.1

    Reserve for product warranty

0.4

1.4

0.4

0.5

0.4

    Other Selling & General Expenses

32.3

28.6

30.9

33.5

30.3

    SP Reversal G on allow.doubt.accounts

-

-0.4

0.0

0.0

-

    SP Other Special Gains

-

-0.2

-

-

-

    SP Loss-Value of Contribut. Inv. Affil.

-

0.0

0.0

-

-

    SP Loss Val. LT Inv. Secs

0.0

1.2

0.1

0.0

0.0

Total Operating Expense

225.6

241.2

223.5

220.7

204.5

 

 

 

 

 

 

    SP Gain Sale Fixed

0.0

0.0

0.2

0.0

0.0

    SP G on sale of LT inv't. secs.

0.0

1.5

0.0

0.0

0.0

    SP Loss on Sale / Retire. of Fix. Asset

0.0

-0.2

-0.3

-0.3

0.0

    SP Loss Sale Inv. Secs.

-

0.0

0.0

-

-

    SP Loss on Sale of Business

-

-

-1.1

-

-

    NOP Interest Income

0.3

0.4

0.4

0.3

0.3

    NOP Dividends Income

0.5

0.1

0.2

0.0

0.7

    NOP Foreign Exchange Gains

-

0.6

0.0

-

0.0

    NOP Equity Earnings

-

0.0

-

-

0.0

    NOP Other Non-Operating Income

0.8

1.2

1.0

0.8

1.0

    NOP Interest Expense

-0.2

-0.3

-0.1

-0.1

-0.2

    NOP Sales discount expense

-2.0

-2.3

-2.2

-1.8

-1.5

    NOP Foreign Exchange Losses

0.0

-

-0.8

-7.1

-4.2

    NOP Equity Loss

-

0.0

0.0

0.0

-

    NOP Other Non-Operating Expenses

-0.1

-1.2

-0.3

-0.3

-0.3

Net Income Before Taxes

-3.8

4.7

0.6

4.0

0.4

 

 

 

 

 

 

Provision for Income Taxes

-12.7

3.0

5.3

3.5

2.2

Net Income After Taxes

8.8

1.7

-4.6

0.5

-1.8

 

 

 

 

 

 

    Minority Interest

0.6

-0.1

0.8

-2.8

-1.6

Net Income Before Extra. Items

9.5

1.6

-3.9

-2.4

-3.3

Net Income

9.5

1.6

-3.9

-2.4

-3.3

 

 

 

 

 

 

    Rounding Adjustment

0.0

0.0

0.0

0.0

0.0

Income Available to Com Excl ExtraOrd

9.5

1.6

-3.9

-2.4

-3.3

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

9.5

1.6

-3.9

-2.4

-3.3

 

 

 

 

 

 

Basic Weighted Average Shares

23.8

23.8

23.8

23.8

23.8

Basic EPS Excluding ExtraOrdinary Items

0.40

0.07

-0.16

-0.10

-0.14

Basic EPS Including ExtraOrdinary Item

0.40

0.07

-0.16

-0.10

-0.14

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

9.5

1.6

-3.9

-2.4

-3.3

Diluted Weighted Average Shares

23.8

23.8

23.8

23.8

23.8

Diluted EPS Excluding ExtraOrd Items

0.40

0.07

-0.16

-0.10

-0.14

Diluted EPS Including ExtraOrd Items

0.40

0.07

-0.16

-0.10

-0.14

DPS-Common Stock

0.00

0.15

0.00

0.15

0.00

Gross Dividends - Common Stock

0.0

3.6

0.0

3.5

0.0

Normalized Income Before Taxes

-3.7

5.7

2.1

4.4

0.7

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

-12.7

3.3

5.7

3.6

2.2

Normalized Income After Taxes

9.0

2.4

-3.6

0.8

-1.5

 

 

 

 

 

 

Normalized Inc. Avail to Com.

9.6

2.3

-2.8

-2.0

-3.1

 

 

 

 

 

 

Basic Normalized EPS

0.41

0.10

-0.12

-0.08

-0.13

Diluted Normalized EPS

0.41

0.10

-0.12

-0.08

-0.13

Interest Expense

0.2

0.3

0.1

0.1

0.2

Amort. Goodwill

0.2

0.2

0.2

0.2

0.2

Depreciation

6.8

7.2

7.1

7.1

6.6

Advertising Expense, Supplemental

10.2

10.9

9.4

9.7

9.0

Reported Operating Profit

-3.0

5.7

3.7

12.5

4.6

Reported Ordinary Profit

-3.8

4.1

2.0

4.3

0.5

 

 

Annual Balance Sheet

As Reported

 

Financials in: USD (mil)

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

82.88

93.44

98.77

99.535

118.075

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Deposit

236.3

219.0

232.4

200.8

189.8

    Accounts & Notes Receivable, Gross

114.6

107.2

103.8

139.7

109.9

    Marketable Sec.

-

0.0

1.4

6.2

3.1

    Inventories

-

-

-

-

178.7

    Inventories - merchandise&finished goods

183.9

156.7

186.6

188.1

-

    Inventories - work-in-process

6.7

3.4

4.1

11.9

-

    Inventories - raw materials & supplies

50.2

40.1

40.8

37.9

-

    Deferred Income Taxes (Current)

17.5

13.9

23.7

29.0

20.6

    Other Current Assets

45.5

45.4

53.9

43.2

31.2

    Doubtful Account

-4.9

-4.2

-4.7

-4.0

-3.8

Total Current Assets

649.8

581.6

642.0

652.8

529.5

 

 

 

 

 

 

    Buildings & Structures, Gross

262.6

224.0

209.8

200.7

163.1

    Accum. depr - bldg&struc

-161.4

-139.0

-123.9

-121.4

-

    Machineries, Equip., & Vehicle, Gross

40.9

36.8

34.0

51.1

39.3

    Accum. depr - machin&vehicles

-31.3

-28.5

-24.4

-38.6

-

    Tools, Furniture, & Fixtures, Gross

129.6

116.8

108.0

103.5

89.9

    Accum. depr - tools, furn, fixtur

-113.3

-101.5

-90.8

-84.1

-

    Land

101.0

83.7

76.8

77.6

55.3

    Construction-In-Progress

1.2

0.3

2.4

5.2

1.2

    Total Accumulated Depreciation

-

-

-

-

-197.7

    Software

12.1

14.7

17.6

13.3

11.3

    Software accounts rights

0.9

0.6

0.9

7.9

0.0

    Telephone Access

-

-

-

0.5

0.4

    Goodwill

1.1

1.4

2.1

3.9

3.5

    Other Intangibles

1.0

0.9

0.8

-

-

    LT Investment

21.8

30.4

36.4

48.4

39.5

    LT Loans

0.4

6.5

11.5

8.7

8.8

    Dfd. Tax Asset

5.4

7.5

10.4

9.9

6.5

    Other Assets

33.6

39.0

38.1

53.0

38.7

    Allow.Doubt.Accounts (Non-Current)

-1.0

-1.1

-1.3

-0.9

-0.7

    Adjustment

-

-

-

-

0.0

Total Assets

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

    Trade Accounts & Notes Payable

47.9

37.5

34.6

62.9

47.2

    ST Borrowings

9.3

4.5

96.3

3.8

13.4

    Long-Term Borrowings (Current)

0.0

0.5

0.7

1.4

1.2

    Income Tax Payable

10.3

2.0

3.0

21.4

20.1

    Dfd. Tax Liabs.

0.0

0.0

0.0

0.1

0.1

    Allowance Bonus

15.0

12.3

11.3

14.9

12.2

    Allowance Dir's Bonus

-

0.0

0.7

1.4

1.1

    Reserve for product warranties

5.6

4.6

5.1

7.3

0.0

    Other Current Liabilities

59.5

51.1

45.9

56.8

45.7

Total Current Liabilities

147.7

112.5

197.6

169.9

140.9

 

 

 

 

 

 

    LT Borrowings

3.2

2.8

0.0

0.3

1.9

Total Long Term Debt

3.2

2.8

0.0

0.3

1.9

 

 

 

 

 

 

    Dfd. Tax Liabs.

0.3

1.6

5.4

10.0

8.0

    Deferred Tax-Reval

2.3

2.0

1.9

1.9

1.6

    Reserve for Retirement Benefit(accrued)

4.0

1.7

0.0

-

0.0

    Other Long-Term Liabilities

23.5

22.8

21.7

18.8

15.2

    Minority Interests

199.2

181.4

175.2

188.4

135.0

Total Liabilities

380.1

324.8

401.9

389.4

302.6

 

 

 

 

 

 

    Common Stock

111.9

99.3

93.9

93.2

78.5

    Capital Surplus

130.3

115.6

109.4

108.5

91.5

    Retained Surplus

436.9

399.8

407.6

402.2

316.4

    Treasury Stock

-21.3

-18.9

-7.0

-6.9

-5.8

    Reserve by val. of investment sec.

-0.5

1.7

0.4

0.6

4.3

    Reserve by Valuation of Land

-18.1

-16.0

-15.2

-15.1

-12.7

    Translation Adj.

-64.6

-32.1

-40.5

19.6

13.8

Total Equity

574.6

549.3

548.7

602.1

486.0

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

954.6

874.1

950.6

991.5

788.6

 

 

 

 

 

 

    S/O-Common Stock

23.8

23.8

25.1

25.1

25.1

Total Common Shares Outstanding

23.8

23.8

25.1

25.1

25.1

T/S-Common Stock

1.8

1.8

0.5

0.5

0.5

Full-Time Employees

3,115

2,699

2,708

2,528

2,395

Number of Common Shareholders

4,854

5,169

5,039

4,402

4,381

Long Term Debt Matured within 1 Year

0.0

0.5

0.7

1.4

1.2

Long Term Debt Matured within 2 Years

3.1

0.0

0.0

0.1

1.6

Long Term Debt Matured within 3 Years

0.1

2.7

0.0

0.0

0.2

Long Term Debt Matured within 4 Years

0.0

0.0

0.0

0.0

0.0

Long Term Debt Matured within 5 Years

0.0

0.0

0.0

0.0

0.0

Long Term Debt Matured after 5 Years

0.0

0.0

0.0

0.2

0.0

Total Long Term Debt, Supplemental

3.2

3.2

0.7

1.7

3.1

Capital Lease payments due in 1 year

0.3

0.3

0.2

-

-

Capital Lease payments due in 2 years

0.2

0.3

0.2

-

-

Capital Lease payments due in 3 years

0.1

0.1

0.1

-

-

Capital Lease payments due in 4 years

0.1

0.1

0.1

-

-

Capital Lease payments due in 5 years

0.1

0.1

0.1

-

-

Capital Lease Remaining Maturities

0.5

0.6

0.7

-

-

Total Capital Leases

1.2

1.5

1.3

-

-

Operating Lease Pymts. Due within 1Year

6.1

5.8

4.1

-

-

Operating Leases - Remaining Payments

21.8

24.9

20.0

-

-

Total Operating Leases

27.9

30.8

24.1

-

-

Pension Obligation

118.3

99.6

89.8

83.8

65.5

Fair Value of Plan Assets

105.0

90.5

75.1

84.0

76.0

Funded Status

-13.3

-9.1

-14.7

0.1

10.5

Total Funded Status

-13.3

-9.1

-14.7

0.1

10.5

Discount Rate

2.50%

2.50%

2.50%

2.50%

2.50%

Expected Rate of Return

2.50%

2.50%

2.50%

2.50%

2.50%

Unrecognized Actuarial Gains and Losses

14.8

13.2

23.5

10.5

-2.8

Unrecognized Prior Service Cost

-5.5

-5.8

-6.4

-7.2

-6.8

Prepaid Pension Benefits

-

-

2.5

3.4

0.9

Reserve for Accrued Retirement Benefits

-4.0

-1.7

-

-

-

Net Assets Recognized on Balance Sheet

5.3

5.7

19.7

6.7

-8.6

 

 

Interim Balance Sheet

As Reported

 

Financials in: USD (mil)

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

 

 

 

30-Jun-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

30-Jun-2010

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Sep-2010

Updated Normal 
30-Jun-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

80.76

82.88

81.105

83.54

88.49

 

 

 

 

 

 

    Cash & Deposit

227.0

236.3

230.7

222.8

227.4

    Note&Acct. Rcvbl

119.1

114.6

127.1

121.6

113.2

    Marketable Sec.

-

-

-

1.2

1.4

    Inventories - merchandise&finished goods

201.4

183.9

195.8

164.9

168.8

    Inventories - work-in-process

7.3

6.7

8.6

8.1

7.8

    Inventories - raw materials & supplies

52.8

50.2

56.3

55.9

53.5

    Other Cur. Asset

61.5

63.0

63.9

60.4

56.1

    Doubtful Account

-4.9

-4.9

-5.9

-5.9

-5.2

Total Current Assets

664.2

649.8

676.4

629.0

623.0

 

 

 

 

 

 

    Buildings & Structures, Gross

273.0

262.6

269.3

261.6

251.3

    Machineries, Equip., & Vehicle, Gross

43.7

40.9

42.7

41.4

40.7

    Tool & Fixtures

138.6

129.6

135.2

130.2

128.4

    Land

104.0

101.0

103.0

100.1

95.5

    Construction in Progress

1.9

1.2

0.6

0.5

0.6

    Accumulated Depreciation

-323.0

-306.0

-316.2

-303.4

-291.9

    Goodwill

1.5

1.1

0.9

1.0

1.2

    Software rights

11.6

12.1

13.2

14.0

14.4

    Software accounts rights

1.0

0.9

0.2

0.3

0.9

    Other intangible assets

1.0

1.0

1.1

1.0

1.0

    Long-Term Investment in Securities

19.9

21.8

26.0

23.0

23.6

    Other Assets

59.0

39.5

43.8

44.2

43.1

    Allow.Doubt.Accounts (Non-Current)

-1.1

-1.0

-1.1

-1.0

-1.1

Total Assets

995.3

954.6

994.9

941.8

930.6

 

 

 

 

 

 

    Trade Accounts & Notes Payable

58.5

47.9

71.0

38.2

57.1

    ST Borrowings

8.9

9.3

9.1

9.3

8.9

    Long-Term Borrowings (Current)

0.1

0.0

0.1

0.2

0.3

    Income Taxes Payable

1.5

10.3

8.1

8.3

1.7

    Allowance Bonus

7.0

15.0

7.7

15.9

7.2

    Allowance for Directors' Bonuses

-

-

0.4

0.2

0.1

    Reserve for product warranties

5.6

5.6

4.9

4.8

4.8

    Other Cur. Liabs

59.8

59.5

62.3

49.1

52.3

Total Current Liabilities

141.2

147.7

163.5

126.2

132.3

 

 

 

 

 

 

    LT Borrowings

3.3

3.2

3.3

3.2

2.9

Total Long Term Debt

3.3

3.2

3.3

3.2

2.9

 

 

 

 

 

 

    Deferred tax liabilities (non-current)

0.3

0.3

0.4

0.4

0.4

    Deferred tax liabilities revaluation

2.3

2.3

2.3

2.2

2.1

    Reserve for Retirement Benefit(accrued)

4.5

4.0

3.5

2.9

2.3

    Other Long-Term Liabilities

26.1

23.5

21.5

23.9

24.0

    Minority Interests

210.0

199.2

207.2

202.2

196.7

Total Liabilities

387.7

380.1

401.8

361.0

360.8

 

 

 

 

 

 

    Common Stock

114.8

111.9

114.3

111.0

104.8

    Paid In Capital

133.7

130.3

133.2

129.3

122.1

    Retained Earning

454.8

436.9

444.8

439.2

416.9

    Treasury Stock

-21.9

-21.3

-21.8

-21.2

-20.0

    Unrealized Gain

-0.5

-0.5

-0.6

-1.6

0.3

    Reserve by Valuation of Land

-18.6

-18.1

-18.5

-17.9

-16.9

    Translation Adj.

-54.8

-64.6

-58.4

-58.0

-37.2

Total Equity

607.6

574.6

593.1

580.8

569.9

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

995.3

954.6

994.9

941.8

930.6

 

 

 

 

 

 

    S/O-Common Stock

23.8

23.8

23.8

23.8

23.8

Total Common Shares Outstanding

23.8

23.8

23.8

23.8

23.8

T/S-Common Stock

1.8

1.8

1.8

1.8

1.8

Full-Time Employees

-

3,115

3,109

3,095

3,111

 

 

 

Annual Cash Flows

As Reported

 

Financials in: USD (mil)

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

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Mar-2010

Updated Normal 
31-Mar-2009

Updated Normal 
31-Mar-2008

Updated Normal 
31-Mar-2007

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

92.941082

100.484331

114.302336

116.944303

Auditor

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Tohmatsu & Co.

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income Bf. Tax

9.6

-8.9

51.4

114.4

88.2

    Depreciation

28.0

30.1

31.9

26.5

21.8

    Amort.Goodwill

0.7

5.3

1.1

1.0

0.9

    Interest&Div. Income

-2.3

-2.5

-5.4

-5.6

-3.9

    Interest Expense

0.7

2.5

2.0

1.9

1.5

    Exchange Gain / Loss

6.0

-3.7

3.5

5.5

-0.2

    Equity Earnings

0.0

0.1

-0.2

-1.6

-1.5

    Gain-Fix. Asset Sold

-

0.0

-0.2

-0.2

-0.2

    G/L on Sale/Retire. of Fixed Assets

0.6

0.2

0.8

0.7

0.5

    Gain/Loss on equity changes

-

-

0.0

-0.2

2.2

    Gain on Transfer of Business

-

-

-

0.0

-0.1

    L/G Affiliate Liquidated

-0.1

0.0

-

-

-

    Gain on Sale of LT Inv't Secs.

-1.4

0.0

0.0

-0.1

-0.4

    Loss on Val. of LT Inv't in Secs.

1.3

0.1

8.9

0.2

0.3

    Impairment Loss

-

-

-

-

0.0

    Loss Val. Affil.Stk.

0.0

0.4

0.0

-

-

    L-Val.Contrib.C.Affi

-

0.0

0.3

0.0

0.0

    Accounts Receivable

-7.5

2.0

1.6

-6.8

-11.4

    Inventory

-26.2

57.7

-35.1

-20.9

-29.6

    Accounts Payable

16.1

0.5

8.8

5.3

6.9

    Director Bnft. Paid

-

-

-

0.0

-1.1

    Other Operating Activities

7.7

5.7

-8.3

3.3

9.9

    Int.&Divid Received

2.2

2.7

5.6

5.5

3.7

    Interest Paid

-0.9

-2.4

-2.5

-1.7

-1.5

    Income tax (paid) refund

-3.3

2.3

-48.9

-56.8

-28.1

    Newly Consolidate

-

-

1.2

0.0

0.0

    Increase due to mergers

-

-

0.4

0.0

-

    Contribut. Inv. MadeO

-

-

-

0.0

-2.3

    Adjustment

-

0.0

-

0.0

-

    Loss on valuation of investments in capi

0.0

0.0

-

-

-

Cash from Operating Activities

31.1

92.1

17.0

70.2

55.8

 

 

 

 

 

 

    Time Deposit Made

-6.5

-10.9

0.0

-5.0

-0.4

    Time Deposit Matured

0.7

11.2

4.1

1.3

2.1

    Sale of Marketable Securities

1.3

0.1

6.0

1.7

0.1

    Purchase of Marketable Securities

-1.4

0.0

-0.1

-2.4

-2.5

    Capital Expenditures

-13.6

-10.6

-30.3

-34.9

-20.7

    Sale Fixed Assets

0.4

0.5

0.9

1.0

1.0

    Purch. Intangible

-3.4

-3.4

-6.0

-11.4

-7.0

    Purchase of Long-Term Inv't in Sec.

-0.1

-0.1

-2.1

-11.1

-6.4

    Sale of Long-Term Investment in Sec.

2.6

0.0

3.1

1.0

4.0

    Purchase additional Affiliate Stocks

-1.8

-0.5

-5.1

-3.8

-1.5

    Sale Affiliate Stocks

-

-

-

0.0

0.0

    Contribut. Inv. Made

0.0

-1.5

0.0

0.0

-5.2

    Contribut. Inv. Collect

0.0

0.0

0.0

0.4

2.5

    LT Special Deposit Made

0.0

-0.1

-5.0

-0.5

-4.8

    LT loans collected

0.2

5.3

0.7

1.5

0.0

    Other Investment Activities

1.3

6.7

4.8

-1.5

3.1

Cash from Investing Activities

-20.4

-3.3

-29.0

-63.6

-35.7

 

 

 

 

 

 

    ST Debt, Net

3.0

-96.3

88.5

-10.8

6.5

    LT Debt Proceed

0.1

2.7

0.0

-

-

    LT Debt Repaid

-0.5

-0.5

-0.6

-1.8

-1.6

    Proceed From Minorities' Payment

-

0.0

0.5

1.1

0.3

    Cash Dividends Paid

-6.2

-6.8

-8.1

-8.2

-6.4

    Minority Dividends

-4.0

-6.6

-10.5

-7.9

-6.6

    Treasury Stock Purchased

0.0

-11.6

0.0

-0.1

0.0

    Other Financing Activities

-0.3

-0.4

-0.4

-0.3

-0.2

Cash from Financing Activities

-7.9

-119.3

69.5

-28.0

-8.0

 

 

 

 

 

 

Foreign Exchange Effects

-20.6

0.4

-22.3

-3.6

5.1

Net Change in Cash

-17.8

-30.2

35.1

-25.0

17.1

 

 

 

 

 

 

Net Cash - Beginning Balance

240.1

249.8

194.6

196.1

174.6

Net Cash - Ending Balance

222.3

219.5

229.7

171.1

191.7

    Cash Interest Paid

0.9

2.4

2.5

1.7

1.5

    Cash Taxes Paid

3.3

-2.3

48.9

56.8

28.1

 

 

Interim Cash Flows

As Reported

 

Financials in: USD (mil)          

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

 

 

 

31-Mar-2011

31-Dec-2010

30-Sep-2010

30-Jun-2010

31-Mar-2010

Period Length

12 Months

9 Months

6 Months

3 Months

12 Months

UpdateType/Date

Updated Normal 
31-Mar-2011

Updated Normal 
31-Dec-2010

Updated Normal 
30-Sep-2010

Updated Normal 
30-Jun-2010

Updated Normal 
31-Mar-2010

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

85.691434

86.812446

88.962162

92.080323

92.941082

 

 

 

 

 

 

Net Income Bf. Tax

9.6

5.0

4.3

0.4

-8.9

    Depreciation

28.0

20.8

13.6

6.6

30.1

    Amort. Goodwill

0.7

0.5

0.4

0.2

5.3

    Interest&Div. Income

-2.3

-1.9

-1.3

-1.0

-2.5

    Interest Expense

0.7

0.4

0.4

0.2

2.5

    Exchange Gain / Loss

6.0

7.5

5.3

2.1

-3.7

    Equity Earning / Loss

0.0

0.0

0.0

0.0

0.1

    Gain-Fix. Asset Sold

-

0.0

0.0

0.0

0.0

    Loss on Sale/Retire. of Fixed Assets

0.6

0.4

0.3

0.0

0.2

    Gain/Loss on equity changes

-

0.1

-

-

-

    L/G Affiliate Liquidated

-0.1

-

-

-

0.0

    G on sale of LT inv't in secs.

-1.4

-

-

-

0.0

    Loss on Val. of LT Inv. Secs.

1.3

-

0.0

0.0

0.1

    Loss Val. Affi.Stk.

0.0

0.0

-

-

0.4

    LossVal.Contrib.Affi

-

-

-

-

0.0

    Accounts Receivable

-7.5

-11.5

-7.4

2.2

2.0

    Inventory

-26.2

-33.8

-11.1

-10.5

57.7

    Accounts Payable

16.1

30.4

-0.9

11.0

0.5

    Other Operating Activities

7.7

-3.9

-2.7

-5.7

5.7

    Int & Div.Received(Cash Basis)

2.2

1.7

1.2

0.8

2.7

    Interest Paid

-0.9

-0.6

-0.4

-0.3

-2.4

    Taxes Paid/Refund

-3.3

-1.1

2.0

-0.9

2.3

    Adjustment

-

-

-

-

0.0

    Loss on valuation of investments in capi

0.0

-

-

-

0.0

Cash from Operating Activities

31.1

14.0

3.7

5.1

92.1

 

 

 

 

 

 

    Time Deposit Made

-6.5

-6.4

0.0

0.0

-10.9

    Time Deposit Matured

0.7

0.7

0.7

0.7

11.2

    Purchase of Marketable Securities

-1.4

-1.4

-1.4

-1.3

0.0

    Sale Mktbl. Secs.

1.3

1.2

0.0

0.0

0.1

    Capital Expenditures

-13.6

-8.5

-5.4

-2.3

-10.6

    Sale PP&E

0.4

0.4

0.1

0.0

0.5

    Purch. Intangible

-3.4

-2.5

-1.9

-1.0

-3.4

    Purchase of Long-Term Inv't in Sec.

-0.1

-0.1

-

-

-0.1

    Sale of Long-Term Investment in Sec.

2.6

0.2

0.0

-

0.0

    Purch. Affiliate Stocks

-1.8

-0.9

0.0

-

-0.5

    Closely-held inv'ts made

0.0

0.0

0.0

0.0

-1.5

    Closely-held inv'ts redeemed

0.0

-

-

-

0.0

    LT loans made

-

0.0

0.0

0.0

-

    LT loans collected

0.2

0.2

0.1

0.1

5.3

    Long Term Speial Deposit Made

0.0

-

-

-

-0.1

    Other Investment Activities

1.3

0.5

1.1

0.8

6.7

Cash from Investing Activities

-20.4

-16.6

-6.5

-3.0

-3.3

 

 

 

 

 

 

    ST Debt, Net

3.0

2.7

3.0

2.4

-96.3

    LT Debt Proceed

0.1

0.1

0.1

-

2.7

    LT Debt Repaid

-0.5

-0.5

-0.2

-0.2

-0.5

    Proceeds from Minorities' Payment

-

-

-

-

0.0

    Cash Dividends Paid

-6.2

-6.2

-2.7

-2.6

-6.8

    Dividends Paid to Minority Shareholders

-4.0

-3.9

-2.0

-1.4

-6.6

    Purch. Treasury Stock

0.0

-

-

-

-11.6

    Other Financing Activities

-0.3

-0.2

-0.2

-0.1

-0.4

Cash from Financing Activities

-7.9

-7.9

-1.9

-2.0

-119.3

 

 

 

 

 

 

Foreign Exchange Effects

-20.6

-17.6

-17.4

-5.0

0.4

Net Change in Cash

-17.8

-28.1

-22.1

-4.9

-30.2

 

 

 

 

 

 

Net Cash - Beginning Balance

240.1

237.0

231.3

223.5

249.8

Net Cash - Ending Balance

222.3

208.9

209.2

218.5

219.5

    Cash Interest Paid

0.9

0.6

0.4

0.3

2.4

    Cash Taxes Paid

3.3

1.1

-2.0

0.9

-2.3

 

 

 

Geographic Segments

 

Financials in: As Reported (mil)

Annual

 

 

 

External Revenue   USD (mil)

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

241.0

29.9 %

258.1

25.8 %

267.6

28.2 %

242.7

29.8 %

227.2

28.8 %

North America

235.1

29.1 %

304.7

30.5 %

310.8

32.7 %

283.0

34.7 %

272.6

34.6 %

Europe

279.5

34.6 %

368.0

36.8 %

354.2

37.3 %

275.7

33.8 %

240.3

30.5 %

Australia

-

-

-

-

17.1

1.8 %

13.2

1.6 %

48.7

6.2 %

Other Foreign

51.6

6.4 %

69.4

6.9 %

-

-

-

-

-

-

Segment Total

807.3

100 %

1,000.2

100 %

949.8

100 %

814.6

100 %

788.9

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

807.3

100 %

1,000.2

100 %

949.8

100 %

814.6

100 %

788.9

100 %

Exchange Rate: JPY to USD

92.941082

 

100.484331

 

114.302336

 

116.944303

 

113.166257

 

Intersegment Revenue   USD (mil)

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

304.7

97.4 %

418.5

98.5 %

398.3

98.7 %

337.4

97.3 %

294.1

96.3 %

North America

2.0

0.7 %

2.2

0.5 %

0.8

0.2 %

0.4

0.1 %

2.4

0.8 %

Europe

6.0

1.9 %

4.3

1 %

4.3

1.1 %

9.0

2.6 %

9.0

3 %

Australia

-

-

-

-

0.0

0 %

0.0

0 %

0.0

0 %

Other Foreign

0.2

0.1 %

0.0

0 %

-

-

-

-

-

-

Segment Total

312.9

100 %

425.1

100 %

403.5

100 %

346.8

100 %

305.4

100 %

Eliminations/Corporate

-312.9

-100 %

-425.1

-100 %

-403.5

-100 %

-346.8

-100 %

-305.4

-100 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Exchange Rate: JPY to USD

92.941082

 

100.484331

 

114.302336

 

116.944303

 

113.166257

 

 

Total Revenue   USD (mil)

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

545.7

48.7 %

676.6

47.5 %

666.0

49.2 %

580.0

49.9 %

521.2

47.6 %

North America

237.2

21.2 %

306.9

21.5 %

311.6

23 %

283.4

24.4 %

275.0

25.1 %

Europe

285.5

25.5 %

372.4

26.1 %

358.6

26.5 %

284.7

24.5 %

249.3

22.8 %

Australia

-

-

-

-

17.1

1.3 %

13.2

1.1 %

48.7

4.5 %

Other Foreign

51.9

4.6 %

69.4

4.9 %

-

-

-

-

-

-

Segment Total

1,120.3

100 %

1,425.3

100 %

1,353.3

100 %

1,161.3

100 %

1,094.3

100 %

Eliminations/Corporate

-312.9

-27.9 %

-425.1

-29.8 %

-403.5

-29.8 %

-346.8

-29.9 %

-305.4

-27.9 %

Consolidated Total

807.3

72.1 %

1,000.2

70.2 %

949.8

70.2 %

814.6

70.1 %

788.9

72.1 %

Exchange Rate: JPY to USD

92.941082

 

100.484331

 

114.302336

 

116.944303

 

113.166257

 

Total Operating Expense   USD (mil)

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

557.8

48.9 %

640.9

47.3 %

594.7

48.4 %

526.3

49.1 %

477.4

46.7 %

North America

247.1

21.7 %

306.2

22.6 %

296.9

24.1 %

269.6

25.1 %

263.6

25.8 %

Europe

286.2

25.1 %

345.5

25.5 %

322.3

26.2 %

265.1

24.7 %

232.0

22.7 %

Australia

-

-

-

-

15.7

1.3 %

11.9

1.1 %

48.5

4.8 %

Other Foreign

48.4

4.2 %

61.4

4.5 %

-

-

-

-

-

-

Segment Total

1,139.5

100 %

1,353.9

100 %

1,229.6

100 %

1,072.9

100 %

1,021.6

100 %

Eliminations/Corporate

-323.4

-28.4 %

-427.7

-31.6 %

-396.5

-32.2 %

-342.5

-31.9 %

-306.7

-30 %

Consolidated Total

816.1

71.6 %

926.3

68.4 %

833.1

67.8 %

730.4

68.1 %

714.9

70 %

Exchange Rate: JPY to USD

92.941082

 

100.484331

 

114.302336

 

116.944303

 

113.166257

 

 

Operating Income/Loss   USD (mil)

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

-12.1

62.8 %

35.7

50.1 %

71.3

57.6 %

53.7

60.7 %

43.9

60.3 %

North America

-9.9

51.7 %

0.8

1.1 %

14.7

11.9 %

13.7

15.5 %

11.4

15.6 %

Europe

-0.7

3.5 %

26.9

37.7 %

36.3

29.3 %

19.6

22.2 %

17.3

23.8 %

Australia

-

-

-

-

1.4

1.2 %

1.4

1.5 %

0.2

0.3 %

Other Foreign

3.5

-18 %

8.0

11.2 %

-

-

-

-

-

-

Segment Total

-19.2

100 %

71.4

100 %

123.7

100 %

88.4

100 %

72.7

100 %

Eliminations/Corporate

10.5

-54.5 %

2.6

3.6 %

-7.0

-5.7 %

-4.2

-4.8 %

1.3

1.7 %

Consolidated Total

-8.7

45.5 %

73.9

103.6 %

116.7

94.3 %

84.2

95.2 %

74.0

101.7 %

Exchange Rate: JPY to USD

92.941082

 

100.484331

 

114.302336

 

116.944303

 

113.166257

 

Operating Margin (%)  

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

-2.2

-

5.3

-

10.7

-

9.3

-

8.4

-

North America

-4.2

-

0.3

-

4.7

-

4.8

-

4.1

-

Europe

-0.2

-

7.2

-

10.1

-

6.9

-

6.9

-

Australia

-

-

-

-

8.4

-

10.3

-

0.4

-

Other Foreign

6.7

-

11.5

-

-

-

-

-

-

-

Segment Total

-1.7

-

5.0

-

9.1

-

7.6

-

6.6

-

Eliminations/Corporate

-3.3

-

-0.6

-

1.7

-

1.2

-

-0.4

-

Consolidated Total

-1.1

-

7.4

-

12.3

-

10.3

-

9.4

-

 

Total Assets   USD (mil)

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

575.1

59 %

648.2

61 %

623.4

56.8 %

500.5

58.9 %

477.7

62.9 %

North America

153.0

15.7 %

163.3

15.4 %

190.5

17.3 %

150.0

17.6 %

130.4

17.2 %

Europe

213.7

21.9 %

214.7

20.2 %

269.4

24.5 %

187.9

22.1 %

135.5

17.8 %

Australia

-

-

-

-

15.1

1.4 %

11.5

1.4 %

15.9

2.1 %

Other Foreign

33.2

3.4 %

36.0

3.4 %

-

-

-

-

-

-

Segment Total

975.0

100 %

1,062.2

100 %

1,098.4

100 %

849.9

100 %

759.5

100 %

Eliminations/Corporate

-100.9

-10.3 %

-111.7

-10.5 %

-106.9

-9.7 %

-61.3

-7.2 %

-66.8

-8.8 %

Consolidated Total

874.1

89.7 %

950.6

89.5 %

991.5

90.3 %

788.6

92.8 %

692.8

91.2 %

Exchange Rate: JPY to USD

93.440000

 

98.770000

 

99.535000

 

118.075000

 

117.990000

 

Operating Return on Assets (%)  

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

31-Mar-06

Japan

-2.1

-

5.6

-

13.1

-

10.6

-

8.8

-

North America

-6.5

-

0.5

-

8.9

-

9.1

-

8.4

-

Europe

-0.3

-

12.7

-

15.5

-

10.3

-

12.3

-

Australia

-

-

-

-

11.0

-

11.7

-

1.3

-

Other Foreign

10.4

-

22.5

-

-

-

-

-

-

-

Segment Total

-2.0

-

6.8

-

12.9

-

10.3

-

9.2

-

Eliminations/Corporate

-10.3

-

-2.4

-

7.6

-

6.9

-

-1.8

-

Consolidated Total

-1.0

-

7.9

-

13.5

-

10.6

-

10.2

-

 

 

Geographic Segments

 

Financials in: As Reported (mil)

 

Interim

 

 

External Revenue   USD (mil)

 

31-Mar-10

31-Dec-09

30-Sep-09

30-Jun-09

31-Mar-09

Japan

129.7

29.6 %

176.5

30.4 %

111.8

30.1 %

51.9

29.5 %

124.9

25 %

North America

122.5

28 %

172.9

29.8 %

112.9

30.4 %

54.6

31 %

152.5

30.5 %

Europe

153.8

35.1 %

194.7

33.5 %

126.5

34.1 %

60.3

34.2 %

180.9

36.2 %

Others

31.7

7.2 %

36.4

6.3 %

20.2

5.4 %

9.4

5.3 %

41.1

8.2 %

Segment Total

437.8

100 %

580.6

100 %

371.4

100 %

176.3

100 %

499.4

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

437.8

100 %

580.6

100 %

371.4

100 %

176.3

100 %

499.4

100 %

Exchange Rate: JPY to USD

90.324863

 

93.645436

 

95.546168

 

97.475000

 

94.889044

 

Intersegment Revenue   USD (mil)

 

31-Mar-10

31-Dec-09

30-Sep-09

30-Jun-09

31-Mar-09

Japan

173.9

97.9 %

213.2

97 %

132.0

96.7 %

56.4

95.8 %

197.6

98.2 %

North America

0.9

0.5 %

1.6

0.7 %

1.2

0.9 %

0.6

1.1 %

1.2

0.6 %

Europe

2.7

1.5 %

4.8

2.2 %

3.3

2.4 %

1.9

3.2 %

2.3

1.1 %

Others

0.3

0.1 %

0.2

0.1 %

0.0

0 %

0.0

0 %

0.0

0 %

Segment Total

177.7

100 %

219.8

100 %

136.4

100 %

58.9

100 %

201.2

100 %

Eliminations/Corporate

-177.7

-100 %

-219.8

-100 %

-136.4

-100 %

-58.9

-100 %

-201.2

-100 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Exchange Rate: JPY to USD

90.324863

 

93.645436

 

95.546168

 

97.475000

 

94.889044

 

 

Total Revenue   USD (mil)

 

31-Mar-10

31-Dec-09

30-Sep-09

30-Jun-09

31-Mar-09

Japan

303.6

49.3 %

389.8

48.7 %

243.8

48 %

108.4

46.1 %

322.5

46 %

North America

123.4

20 %

174.5

21.8 %

114.0

22.5 %

55.2

23.5 %

153.8

22 %

Europe

156.5

25.4 %

199.5

24.9 %

129.8

25.6 %

62.2

26.5 %

183.2

26.2 %

Others

32.0

5.2 %

36.6

4.6 %

20.2

4 %

9.4

4 %

41.1

5.9 %

Segment Total

615.5

100 %

800.4

100 %

507.8

100 %

235.2

100 %

700.5

100 %

Eliminations/Corporate

-177.7

-28.9 %

-219.8

-27.5 %

-136.4

-26.9 %

-58.9

-25.1 %

-201.2

-28.7 %

Consolidated Total

437.8

71.1 %

580.6

72.5 %

371.4

73.1 %

176.3

74.9 %

499.4

71.3 %

Exchange Rate: JPY to USD

90.324863

 

93.645436

 

95.546168

 

97.475000

 

94.889044

 

Operating Income/Loss   USD (mil)

 

31-Mar-10

31-Dec-09

30-Sep-09

30-Jun-09

31-Mar-09

Japan

3.9

52.9 %

-13.3

54.6 %

-15.4

60.1 %

-10.7

61.7 %

5.7

29.3 %

North America

-2.8

-38.2 %

-9.7

39.8 %

-7.0

27.4 %

-5.0

28.6 %

-0.3

-1.7 %

Europe

3.0

40.3 %

-3.1

12.9 %

-3.5

13.5 %

-1.6

9.2 %

9.3

47.5 %

Others

3.3

45 %

1.8

-7.3 %

0.2

-1 %

-0.1

0.5 %

4.9

25 %

Segment Total

7.3

100 %

-24.3

100 %

-25.6

100 %

-17.3

100 %

19.5

100 %

Eliminations/Corporate

1.2

15.9 %

12.5

-51.4 %

9.1

-35.5 %

2.6

-15 %

7.2

36.8 %

Consolidated Total

8.5

115.9 %

-11.8

48.6 %

-16.5

64.5 %

-14.7

85 %

26.7

136.8 %

Exchange Rate: JPY to USD

90.324863

 

93.645436

 

95.546168

 

97.475000

 

94.889044

 

 

Operating Margin (%)  

 

31-Mar-10

31-Dec-09

30-Sep-09

30-Jun-09

31-Mar-09

Japan

1.3

-

-3.4

-

-6.3

-

-9.9

-

1.8

-

North America

-2.3

-

-5.6

-

-6.1

-

-9.0

-

-0.2

-

Europe

1.9

-

-1.6

-

-2.7

-

-2.6

-

5.1

-

Others

10.3

-

4.9

-

1.2

-

-0.9

-

11.9

-

Segment Total

1.2

-

-3.0

-

-5.0

-

-7.4

-

2.8

-

Eliminations/Corporate

-0.7

-

-5.7

-

-6.7

-

-4.4

-

-3.6

-

Consolidated Total

1.9

-

-2.0

-

-4.5

-

-8.4

-

5.3

-

 

 

Business Segments

 

Financials in: As Reported (mil)

Annual

 

 

 

External Revenue   USD (mil)

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

534.7

58.5 %

489.4

60.6 %

585.9

58.6 %

550.7

58 %

486.8

59.8 %

Computer Peripheral Equipment

378.7

41.5 %

317.9

39.4 %

414.3

41.4 %

399.1

42 %

327.8

40.2 %

Segment Total

913.4

100 %

807.3

100 %

1,000.2

100 %

949.8

100 %

814.6

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

913.4

100 %

807.3

100 %

1,000.2

100 %

949.8

100 %

814.6

100 %

Exchange Rate: JPY to USD

85.691434

 

92.941082

 

100.484331

 

114.302336

 

116.944303

 

Intersegment Revenue   USD (mil)

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Computer Peripheral Equipment

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Segment Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Exchange Rate: JPY to USD

85.691434

 

92.941082

 

100.484331

 

114.302336

 

116.944303

 

 

Total Revenue   USD (mil)

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

534.7

58.5 %

489.4

60.6 %

585.9

58.6 %

550.7

58 %

486.8

59.8 %

Computer Peripheral Equipment

378.7

41.5 %

317.9

39.4 %

414.3

41.4 %

399.1

42 %

327.8

40.2 %

Segment Total

913.4

100 %

807.3

100 %

1,000.2

100 %

949.8

100 %

814.6

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

913.4

100 %

807.3

100 %

1,000.2

100 %

949.8

100 %

814.6

100 %

Exchange Rate: JPY to USD

85.691434

 

92.941082

 

100.484331

 

114.302336

 

116.944303

 

Depreciation   USD (mil)

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

18.6

64.9 %

18.9

63 %

21.1

66.1 %

18.1

68.4 %

14.7

67.3 %

Computer Peripheral Equipment

10.1

35.1 %

11.1

37 %

10.8

33.9 %

8.4

31.6 %

7.1

32.7 %

Segment Total

28.7

100 %

30.1

100 %

31.9

100 %

26.5

100 %

21.8

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

28.7

100 %

30.1

100 %

31.9

100 %

26.5

100 %

21.8

100 %

Exchange Rate: JPY to USD

85.691434

 

92.941082

 

100.484331

 

114.302336

 

116.944303

 

 

Total Operating Expense   USD (mil)

 

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

509.5

62.4 %

571.1

61.7 %

521.9

62.6 %

464.0

63.5 %

Computer Peripheral Equipment

306.5

37.6 %

355.2

38.3 %

311.2

37.4 %

266.4

36.5 %

Segment Total

816.1

100 %

926.3

100 %

833.1

100 %

730.4

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

816.1

100 %

926.3

100 %

833.1

100 %

730.4

100 %

Exchange Rate: JPY to USD

92.941082

 

100.484331

 

114.302336

 

116.944303

 

Operating Income/Loss   USD (mil)

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

-1.5

-5.7 %

-20.1

230.1 %

14.8

20 %

28.7

24.6 %

22.7

27 %

Computer Peripheral Equipment

28.0

105.7 %

11.4

-130.1 %

59.1

80 %

87.9

75.4 %

61.4

73 %

Segment Total

26.5

100 %

-8.7

100 %

73.9

100 %

116.7

100 %

84.2

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

26.5

100 %

-8.7

100 %

73.9

100 %

116.7

100 %

84.2

100 %

Exchange Rate: JPY to USD

85.691434

 

92.941082

 

100.484331

 

114.302336

 

116.944303

 

 

Operating Margin (%)  

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

-0.3

-

-4.1

-

2.5

-

5.2

-

4.7

-

Computer Peripheral Equipment

7.4

-

3.6

-

14.3

-

22.0

-

18.7

-

Segment Total

2.9

-

-1.1

-

7.4

-

12.3

-

10.3

-

Consolidated Total

2.9

-

-1.1

-

7.4

-

12.3

-

10.3

-

Total Assets   USD (mil)

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

578.9

60.6 %

555.9

63.6 %

611.9

64.3 %

628.0

63.3 %

543.0

68.7 %

Computer Peripheral Equipment

376.0

39.4 %

318.4

36.4 %

339.1

35.7 %

364.2

36.7 %

247.1

31.3 %

Segment Total

954.9

100 %

874.4

100 %

950.9

100 %

992.2

100 %

790.1

100 %

Eliminations/Corporate

-0.3

0 %

-0.3

0 %

-0.4

0 %

-0.6

-0.1 %

-1.5

-0.2 %

Consolidated Total

954.6

100 %

874.1

100 %

950.6

100 %

991.5

99.9 %

788.6

99.8 %

Exchange Rate: JPY to USD

82.880000

 

93.440000

 

98.770000

 

99.535000

 

118.075000

 

 

Operating Return on Assets (%)  

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

-0.3

-

-3.6

-

2.5

-

5.3

-

4.1

-

Computer Peripheral Equipment

7.7

-

3.6

-

17.7

-

27.7

-

24.6

-

Segment Total

2.9

-

-1.0

-

7.9

-

13.5

-

10.5

-

Eliminations/Corporate

0.0

-

0.0

-

0.0

-

0.0

-

0.0

-

Consolidated Total

2.9

-

-1.0

-

7.9

-

13.5

-

10.6

-

Purchase of Fixed Assets   USD (mil)

 

31-Mar-11

31-Mar-10

31-Mar-09

31-Mar-08

31-Mar-07

Electric Musical Instruments

11.4

59.4 %

8.9

64 %

15.4

45 %

20.4

43.6 %

20.7

72.4 %

Computer Peripheral Equipment

7.8

40.6 %

5.0

36 %

18.9

55 %

26.4

56.4 %

7.9

27.6 %

Segment Total

19.2

100 %

13.8

100 %

34.3

100 %

46.8

100 %

28.6

100 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

19.2

100 %

13.8

100 %

34.3

100 %

46.8

100 %

28.6

100 %

Exchange Rate: JPY to USD

85.691434

 

92.941082

 

100.484331

 

114.302336

 

116.944303

 

 

 

Business Segments

Financials in: As Reported (mil)

 

Interim

 

 

External Revenue   USD (mil)

 

30-Jun-11

31-Mar-11

31-Dec-10

30-Sep-10

30-Jun-10

Electric Musical Instruments

131.0

58.8 %

145.3

59 %

131.8

58 %

133.9

57.4 %

124.8

59.7 %

Computer Peripheral Equipment

91.6

41.2 %

101.0

41 %

95.3

42 %

99.2

42.6 %

84.3

40.3 %

Segment Total

222.6

100 %

246.2

100 %

227.1

100 %

233.2

100 %

209.1

100 %

Consolidated Total

222.6

100 %

246.2

100 %

227.1

100 %

233.2

100 %

209.1

100 %

Exchange Rate: JPY to USD

81.605269

 

82.241044

 

82.567473

 

85.838925

 

92.080323

 

Intersegment Revenue   USD (mil)

 

30-Jun-11

31-Mar-11

31-Dec-10

30-Sep-10

30-Jun-10

Electric Musical Instruments

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Computer Peripheral Equipment

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Segment Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Eliminations/Corporate

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

Exchange Rate: JPY to USD

81.605269

 

82.241044

 

82.567473

 

85.838925

 

92.080323

 

 

Total Revenue   USD (mil)

 

30-Jun-11

31-Mar-11

31-Dec-10

30-Sep-10

30-Jun-10

Electric Musical Instruments

131.0

58.8 %

 

 

 

 

 

 

 

 


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.94

UK Pound

1

Rs.74.28

Euro

1

Rs.64.97

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

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

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

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

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