MIRA INFORM REPORT
|
Report Date : |
12.09.2011 |
IDENTIFICATION DETAILS
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Name : |
NISSHIN STEEL CO., LTD. |
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Registered Office : |
3-4-1 Marunouchi, Chiyoda-ku, 100-8366 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
15.02.1928 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Steel Manufacturer |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Nisshin Steel Co., Ltd.
3-4-1 Marunouchi
Chiyoda-ku, 100-8366
Japan
Tel: 81-3-32165511
Fax: 81-3-32141895
Employees: 6,074
Company Type: Public Parent
Corporate Family: 7
Companies
Traded: Tokyo
Stock Exchange: 5407
Incorporation Date:
15-Feb-1928
Auditor: Ernst & Young LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: Japanese
Yen
Annual Sales: 6,364.1 1
Net Income: 140.6
Total Assets: 8,009.9 2
Market Value: 1,850.4
(26-Aug-2011)
Nisshin Steel Co.,
Ltd. is a Japan-based steel manufacturer. The Company is primarily engaged in
the manufacture, processing and sale of steel products and related businesses.
The Company also provides materials to its subsidiaries, which are engaged in
the manufacture of steel products. Through its subsidiaries and associated
companies, the Company is also involved in the manufacture, processing and sale
of stainless steel products, metal finishing products and steel pipes, as well
as the collection of information and the provision of other services. Its main
products include plated steel sheets, coated steel sheets, stainless steel,
special steel and common steel, among others. For the three months ended 30
June 2011, Nisshin Steel Co., Ltd.'s revenues increased 3% to Y136.97B. The
Company's net income totaled Y2.14B, up from Y325M. Revenues reflect higher
sales volume from the Company's business due to improved business
competitiveness. Net income also benefited from lower percentage of SGA
expenses, the increased dividend income, as well as the presence of equity
gain.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2149 - Other Basic
Non-Ferrous Metal Product Manufacturing
NACE 2002: 27 - Manufacture
of Basic Metals
NAICS 2002: 331111 - Iron and
Steel Mills
UK SIC 2003: 27 - Manufacture
of Basic Metals
US SIC 1987: 3399 - Primary
Metal Products, Not Elsewhere Classified
|
Name |
Title |
|
Toshinori Miki |
President, Chief Executive Officer,
Representative Director |
|
Yoshikazu Tsuda |
Chief Financial Officer, Managing Executive
Officer, Director |
|
Junichi Higure |
Executive Officer, Director of Stainless
Marketing |
|
Umeo Irie |
Exe VP, Leader of ZAM Mktg &
Production Expansion Project, Leader of Building Materials Product Dev &
Mktg Enhancement Project, Leader of Stainless Competitiveness Enhancement
Project, Rep Dir |
|
Tetsuo Kawara |
Executive Officer, Director of Human
Resources |
|
Topic |
#* |
Most Recent
Headline |
Date |
|
Mergers / Acquisitions |
1 |
Nisshin Steel Co., Ltd., Nippon Metal
Industry Co., Ltd. Deny Merger Reports-DJ |
14-Jul-2011 |
|
Negative Earnings Pre-Announcement |
1 |
Nisshin Steel Co., Ltd. Announces
Full-year Outlook for FY Ending March 2011 Below Analysts' Estimates-Reuters |
29-Oct-2010 |
|
Officer Changes |
1 |
Nisshin Steel Co., Ltd. Appoints New
Chairman and President |
24-Feb-2011 |
|
Positive Earnings Pre-Announcement |
1 |
Nisshin Steel Co., Ltd. Announces
Consolidated Mid-year and Full-year Outlook for FY 2012; Above Analysts'
Estimate |
29-Jul-2011 |
|
Dividends |
2 |
Nisshin Steel Co., Ltd. Changes Mid-term
Dividend Forecast for FY 2012 |
29-Jul-2011 |
* number of significant developments within the last 12 months
|
Title |
Date |
|
Tokyo Stock Exchange: closing price
list -6- |
9-Sep-2011 |
|
Tokyo Stock Exchange: closing price
list -6- |
9-Sep-2011 |
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Tokyo Stock Exchange: morning price
list -6- |
8-Sep-2011 |
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Tokyo Stock Exchange: morning price
list -6- |
8-Sep-2011 |
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Tokyo Stock Exchange: closing price
list -6- |
6-Sep-2011 |
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88
Location
3-4-1 Marunouchi
Chiyoda-ku, 100-8366
Japan
Tel: 81-3-32165511
Fax: 81-3-32141895
Quote Symbol - Exchange
5407 - Tokyo Stock
Exchange
Sales JPY(mil): 545,353.0
Assets JPY(mil): 663,860.0
Employees: 6,074
Fiscal Year End: 31-Mar-2011
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 15-Feb-1928
Company Type: Public
Parent
Quoted Status: Quoted
President, Chief
Executive Officer,
Representative Director: Toshinori
Miki
Company Web Links
· Corporate History/Profile
· Executives
· Financial Information
· Home Page
· Products/Services
Contents
1. Industry Codes
2. Business Description
3. Financial Data
4. Market Data
5. Shareholders
6. Subsidiaries
7. Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
NACE 2002 Codes:
27 - Manufacture of Basic Metals
NAICS 2002 Codes:
331111 - Iron and Steel Mills
US SIC 1987:
3399 - Primary Metal Products, Not Elsewhere Classified
UK SIC 2003:
27 - Manufacture of Basic Metals
Business
Description
Nisshin Steel Co.,
Ltd. is a Japan-based steel manufacturer. The Company is primarily engaged in
the manufacture, processing and sale of steel products and related businesses.
The Company also provides materials to its subsidiaries, which are engaged in
the manufacture of steel products. Through its subsidiaries and associated
companies, the Company is also involved in the manufacture, processing and sale
of stainless steel products, metal finishing products and steel pipes, as well
as the collection of information and the provision of other services. Its main
products include plated steel sheets, coated steel sheets, stainless steel,
special steel and common steel, among others. For the three months ended 30
June 2011, Nisshin Steel Co., Ltd.'s revenues increased 3% to Y136.97B. The
Company's net income totaled Y2.14B, up from Y325M. Revenues reflect higher
sales volume from the Company's business due to improved business
competitiveness. Net income also benefited from lower percentage of SGA
expenses, the increased dividend income, as well as the presence of equity
gain.
More Business
Descriptions
Manufacture of coated steel, stainless steel and special steel
Establishments
primarily engaged in manufacturing miscellaneous fabricated products, including
beauty shop and barber shop equipment; hair work; tobacco pipes and cigarette
holders; coin-operated amusement machines; matches; candles; lamp shades;
feathers; artificial trees and flowers made from all materials, except glass;
dressed and dyed furs; umbrellas, parasols, and canes; and other articles, not
elsewhere classified.
Iron and Steel Mills and Ferroalloy Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 7 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Chiyoda-ku |
Japan |
Miscellaneous Fabricated Products |
6,364.1 |
6,074 |
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Subsidiary |
Osaka |
Japan |
Miscellaneous Capital Goods |
243.2 |
450 |
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|
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Subsidiary |
Minato-ku |
Japan |
Construction Services |
350.0 |
418 |
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Subsidiary |
Osaka-shi |
Japan |
Construction - Supplies and Fixtures |
276.6 |
285 |
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Subsidiary |
Shanghai |
China |
Iron and Steel |
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6 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
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5 |
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Subsidiary |
Tokyo |
Japan |
Iron and Steel |
1,200.0 |
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Nisshin Steel Co.,
Ltd. Changes Mid-term Dividend Forecast for FY 2012 Jul 29, 2011
Nisshin Steel Co.,
Ltd. announced that it has changed its mid-term dividend forecast from an
undetermined value to JPY 0.00 per share, but maintained the year-end dividend
forecast of an undetermined value, for the fiscal year ending March 2012.
Nisshin Steel Co.,
Ltd. Announces Consolidated Mid-year and Full-year Outlook for FY 2012; Above
Analysts' Estimate Jul 29, 2011
Nisshin Steel Co.,
Ltd. announced its consolidated mid-year outlook for revenue of JPY 280,000
million, operating profit of JPY 9,000 million, ordinary profit of JPY 9,000
million, net profit of JPY 7,000 million and earning per share of JPY 7.75, for
the fiscal year ending March 2012. The Company has also announced its
consolidated full-year outlook for revenue of JPY 590,000 million, operating
profit of JPY 25,000 million, ordinary profit of JPY 24,000 million, net profit
of JPY 21,000 million and earning per share of JPY 23.24, for the fiscal year
ending March 2012. According to I/B/E/S Estimates, analysts were expecting the
Company to report full-year revenue of JPY 550.56 billion and earning per share
of JPY 10.26.
Nisshin Steel Co.,
Ltd., Nippon Metal Industry Co., Ltd. Deny Merger Reports-DJ Jul 14, 2011
Dow Jones reported
that Nisshin Steel Co., Ltd. and Nippon Metal Industry Co., Ltd. separately
denied that they have agreed to merge their operations. The two companies made
the remarks after industry publication Japan Metal Bulletin reported that the
two companies are in talks to merge and are close to an agreement.
Nisshin Steel Co.,
Ltd. Appoints New Chairman and President
Feb 24, 2011
Nisshin Steel Co.,
Ltd. announced that it has appointed Hideo Suzuki as new Chairman of the Board,
and Toshinori Miki as new President of the Company, effective April 1, 2011.
Nisshin Steel Co.,
Ltd. Changes Year-end Dividend Forecast for FY Ending March 2011 Feb 03, 2011
Nisshin Steel Co.,
Ltd. announced that it has changed its year-end dividend forecast from an
undermined value to JPY 2.00 per share, for the fiscal year ending March 2011.
Nisshin Steel Co.,
Ltd. Announces Full-year Outlook for FY Ending March 2011 Below Analysts'
Estimates-Reuters Oct 29, 2010
Reuters reported
that Nisshin Steel Co., Ltd. has announced its full-year outlook for revenue of
JPY 530.00 billion, operating profit of JPY 22.00 billion, recurring profit of
JPY 18.00 billion, net profit of JPY 13.00 billion and earning per share of JPY
14.38, for the fiscal year ending March 2011. According to Reuters Estimates,
analysts on average are expecting the Company to report full-year revenue of
JPY 546.5 billion and net profit of JPY 16.5 billion.
JAPAN : Nisshin Steel grounds local subsidiary in
Singapore to capture Asian markets
TendersInfo News
17 January 2011
[What follows is the full text of the article.]
Nisshin Steel
stated "As a specific measure under our 22nd Medium term Consolidated
Management plan, we have made our Singapore Representative office a 100% owned
local subsidiary with the aim of capturing markets in ASEAN and neighboring
countries where growth is expected.
The company went n
to add further, The organizational change is intended to strengthen our market
development capabilities, and sales functions in these countries. In the
future, we will use this local subsidiary as a regional base to further unearth
demand and promote sales, as well as to actively expand our operations."
It also added that
"Accordingly, market research and other functions carried out by the
former Singapore office have been moved to the new local subsidiary."
Nisshin Steel Co.,
Ltd. is a Japan-based steel manufacturer. The Company is primarily engaged in
the manufacture and sale of steel products. The Company also provides materials
to its subsidiaries, which are engaged in the manufacture of steel products.
The Company is also involved in the manufacture, processing and sale of steel
products, stainless steel products, metal finishing products, as well as the
collection of information and the provision of other services.
TendersInfo News
Related Companies
· Nisshin Fudosan Co Ltd [profile]
· Nisshin Steel Co Ltd [profile]
Related Topics
·
Market
Research
·
Marketing
Related Geographies
·
Asia
·
Japan
·
Singapore
Related Industries
· 3312 Blast furnaces and steel mills Iron & Steel [profile]
· 27100 Manufacture of basic iron and steel and of ferro-alloys
· 2711 Basic Iron and Steel Manufacturing
Nisshin Steel Co Ltd Files Patent Application for
Lock Bolt Made of Steel Pipe
Indian Patent News
07 January 2011
[What follows is the full text of the article.]
New Delhi, Jan. 7
-- Japan based Nisshin Steel Co Ltd filed patent application for lock bolt made
of steel pipe. The inventors are Iwasaki Tatsurou, Nakata Masahiro, Shiroma
Hiromichi, Itou Tetsuo, Ooshima Kenji, Tanase Hiroyuki, Nakako Takefumi,
Yoshida Takeyuki and Kittaka Toshiharu.
Nisshin Steel Co
Ltd filed the patent application on May 16, 2006. The patent application number
is 1705/CHENP/2006 A. The international classification numbers are E21D20/00
and C23C2/06.
According to the
Controller General of Patents, Designs & Trade Marks, "A pressurized
fluid injecting sleeve to be mounted on a lock bolt main bodyis composed of a
cylindrical large-diameter projection and a small-diameter washer holder the
outer diameter of the washer holder being smaller than the hole diameter of a
washer. It is desirable that the large-diameter projection and washer holder be
equal in inner diameter. With the lock bolt main body embedded in bedrock or
ground, the washer is seated on the edge of a lock bolt insertion hole, while
the washer holder extends into the lock bolt insertion hole. Therefore, the
members projecting from a sprayed concrete layer disposed on the bedrock or
ground are only the washer and large-diameter projection. The height of
projection is restrained, and thereby, the placing of lining concrete can be
easily done to make reinforcing work of high reliability possible."
Nisshin Steel Co.,
Ltd. (Public, TYO:5407) is a Japan-based steel manufacturer. The Company is
primarily engaged in the manufacture and sale of steel products. The Company
also provides materials to its subsidiaries, which are engaged in the
manufacture of steel products. The Company is also involved in the manufacture,
processing and sale of steel products, stainless steel products, metal
finishing products, as well as the collection of information and the provision
of other services.
Indian Patent News
Related Companies
Nisshin Fudosan Co Ltd [profile]
Nisshin Steel Co Ltd [profile]
Related Topics
Legal
Related Geographies
Asia
Japan
Related Industries
· 3312 Blast furnaces and steel mills Iron & Steel [profile]
· 27100 Manufacture of basic iron and steel and of ferro-alloys
· 2711 Basic Iron and Steel Manufacturing
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst & Young
LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
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|
|
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Net Sales |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
Revenue |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
Total Revenue |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
5,571.4 |
4,753.6 |
5,748.3 |
4,732.9 |
4,519.8 |
|
Cost of Revenue, Total |
5,571.4 |
4,753.6 |
5,748.3 |
4,732.9 |
4,519.8 |
|
Gross Profit |
792.7 |
-3.4 |
395.9 |
949.3 |
963.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
359.9 |
317.2 |
322.7 |
299.4 |
287.6 |
|
Labor & Related Expense |
100.9 |
90.3 |
94.0 |
90.6 |
92.0 |
|
Total Selling/General/Administrative Expenses |
460.8 |
407.5 |
416.7 |
390.1 |
379.6 |
|
Research & Development |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Restructuring Charge |
5.6 |
0.0 |
- |
- |
- |
|
Impairment-Assets Held for Sale |
12.3 |
0.0 |
43.4 |
0.0 |
- |
|
Other Unusual Expense (Income) |
14.3 |
60.0 |
19.2 |
0.0 |
0.0 |
|
Unusual Expense (Income) |
32.2 |
60.0 |
62.6 |
0.0 |
0.0 |
|
Total Operating Expense |
6,116.9 |
5,275.3 |
6,279.6 |
5,170.8 |
4,942.3 |
|
|
|
|
|
|
|
|
Operating Income |
247.2 |
-525.1 |
-135.4 |
511.4 |
541.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-75.1 |
-55.1 |
-33.8 |
-23.4 |
-20.2 |
|
Interest Expense, Net Non-Operating |
-75.1 |
-55.1 |
-33.8 |
-23.4 |
-20.2 |
|
Interest Income -
Non-Operating |
2.3 |
3.4 |
3.7 |
5.6 |
4.8 |
|
Investment Income -
Non-Operating |
65.4 |
-25.1 |
35.1 |
23.8 |
58.3 |
|
Interest/Investment Income - Non-Operating |
67.7 |
-21.7 |
38.7 |
29.4 |
63.1 |
|
Interest Income (Expense) - Net Non-Operating Total |
-7.4 |
-76.8 |
4.9 |
6.0 |
42.8 |
|
Gain (Loss) on Sale of Assets |
-10.6 |
-12.9 |
7.2 |
-10.9 |
-9.0 |
|
Other Non-Operating Income (Expense) |
-55.7 |
-55.8 |
-55.3 |
-40.2 |
-52.6 |
|
Other, Net |
-55.7 |
-55.8 |
-55.3 |
-40.2 |
-52.6 |
|
Income Before Tax |
173.5 |
-670.7 |
-178.6 |
466.4 |
522.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
27.6 |
-11.1 |
73.4 |
179.3 |
192.1 |
|
Income After Tax |
145.9 |
-659.6 |
-252.0 |
287.0 |
330.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-5.2 |
-4.4 |
-1.6 |
-5.3 |
-11.9 |
|
Net Income Before Extraord Items |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
Net Income |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Basic EPS Excl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Basic/Primary EPS Incl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
Diluted Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Diluted EPS Excl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Diluted EPS Incl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Dividends per Share - Common Stock Primary Issue |
0.02 |
0.01 |
0.05 |
0.07 |
0.06 |
|
Gross Dividends - Common Stock |
21.1 |
9.7 |
63.1 |
79.2 |
55.6 |
|
Interest Expense, Supplemental |
75.1 |
55.1 |
33.8 |
23.4 |
20.2 |
|
Depreciation, Supplemental |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Total Special Items |
42.8 |
73.0 |
55.4 |
10.9 |
9.0 |
|
Normalized Income Before Tax |
216.3 |
-597.7 |
-123.2 |
477.2 |
531.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
6.8 |
25.5 |
19.4 |
4.2 |
3.3 |
|
Inc Tax Ex Impact of Sp Items |
34.4 |
14.4 |
92.8 |
183.5 |
195.5 |
|
Normalized Income After Tax |
181.9 |
-612.2 |
-216.0 |
293.7 |
335.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
176.6 |
-616.6 |
-217.6 |
288.3 |
323.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Diluted Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Research & Development Exp, Supplemental |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Reported Operating Profit |
279.4 |
-465.1 |
-72.8 |
511.4 |
541.0 |
|
Reported Ordinary Profit |
216.3 |
-578.6 |
-123.2 |
477.2 |
531.3 |
|
Normalized EBIT |
279.4 |
-465.1 |
-72.8 |
511.4 |
541.0 |
|
Normalized EBITDA |
728.5 |
-45.4 |
330.1 |
838.4 |
808.5 |
|
Interest Cost - Domestic |
25.6 |
24.5 |
23.3 |
20.9 |
21.1 |
|
Service Cost - Domestic |
26.8 |
25.6 |
24.5 |
21.9 |
21.9 |
|
Prior Service Cost - Domestic |
-10.4 |
-13.5 |
-12.5 |
-11.0 |
-10.8 |
|
Expected Return on Assets - Domestic |
-18.3 |
-15.3 |
-18.6 |
-19.0 |
-15.4 |
|
Actuarial Gains and Losses - Domestic |
29.1 |
33.1 |
16.0 |
-0.4 |
7.2 |
|
Transition Costs - Domestic |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Total Pension Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
25.6 |
24.5 |
23.3 |
20.9 |
21.1 |
|
Total Plan Service Cost |
26.8 |
25.6 |
24.5 |
21.9 |
21.9 |
|
Total Plan Expected Return |
-18.3 |
-15.3 |
-18.6 |
-19.0 |
-15.4 |
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
221.9 |
447.0 |
401.2 |
182.6 |
134.6 |
|
Short Term Investments |
1.5 |
0.0 |
0.0 |
17.7 |
41.5 |
|
Cash and Short Term Investments |
223.4 |
447.0 |
401.2 |
200.2 |
176.1 |
|
Accounts Receivable -
Trade, Gross |
1,093.1 |
766.4 |
577.5 |
937.6 |
955.0 |
|
Provision for Doubtful
Accounts |
-7.8 |
-6.7 |
-4.9 |
-4.1 |
-8.0 |
|
Trade Accounts Receivable - Net |
1,085.3 |
759.6 |
572.6 |
933.6 |
946.9 |
|
Total Receivables, Net |
1,085.3 |
759.6 |
572.6 |
933.6 |
946.9 |
|
Inventories - Finished Goods |
742.8 |
557.7 |
803.6 |
- |
- |
|
Inventories - Work In Progress |
359.4 |
320.8 |
272.7 |
- |
- |
|
Inventories - Raw Materials |
510.1 |
401.2 |
721.4 |
- |
- |
|
Total Inventory |
1,612.3 |
1,279.7 |
1,797.7 |
1,673.1 |
1,084.6 |
|
Deferred Income Tax - Current Asset |
50.6 |
40.7 |
12.6 |
65.2 |
52.9 |
|
Other Current Assets |
229.8 |
113.9 |
212.7 |
296.4 |
227.1 |
|
Other Current Assets, Total |
280.4 |
154.7 |
225.3 |
361.6 |
279.9 |
|
Total Current Assets |
3,201.3 |
2,640.9 |
2,996.8 |
3,168.5 |
2,487.6 |
|
|
|
|
|
|
|
|
Buildings |
2,954.4 |
2,608.3 |
2,434.6 |
2,347.0 |
1,954.5 |
|
Land/Improvements |
687.0 |
609.5 |
572.2 |
566.1 |
479.3 |
|
Machinery/Equipment |
10,335.0 |
9,076.5 |
8,394.5 |
8,157.8 |
6,723.5 |
|
Construction in
Progress |
31.9 |
27.3 |
47.5 |
44.2 |
31.8 |
|
Property/Plant/Equipment - Gross |
14,008.3 |
12,321.7 |
11,448.7 |
11,115.1 |
9,189.0 |
|
Accumulated Depreciation |
-11,104.5 |
-9,575.7 |
-8,766.0 |
-8,444.8 |
-6,919.9 |
|
Property/Plant/Equipment - Net |
2,903.8 |
2,746.0 |
2,682.8 |
2,670.3 |
2,269.1 |
|
Intangibles, Net |
105.5 |
102.3 |
103.4 |
114.3 |
72.1 |
|
LT Investments - Other |
1,263.3 |
1,226.5 |
1,063.7 |
1,941.6 |
2,017.0 |
|
Long Term Investments |
1,263.3 |
1,226.5 |
1,063.7 |
1,941.6 |
2,017.0 |
|
Deferred Charges |
11.2 |
12.7 |
0.0 |
- |
- |
|
Deferred Income Tax - Long Term Asset |
79.6 |
48.0 |
103.9 |
32.3 |
25.4 |
|
Other Long Term Assets |
445.1 |
397.5 |
362.0 |
294.3 |
128.9 |
|
Other Long Term Assets, Total |
535.9 |
458.3 |
466.0 |
326.7 |
154.3 |
|
Total Assets |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.3 |
7,000.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,031.8 |
813.1 |
866.8 |
1,071.3 |
939.4 |
|
Notes Payable/Short Term Debt |
321.0 |
292.5 |
979.9 |
1,189.3 |
659.4 |
|
Current Portion - Long Term Debt/Capital Leases |
598.5 |
179.2 |
139.1 |
100.5 |
25.4 |
|
Income Taxes Payable |
- |
- |
- |
53.1 |
106.4 |
|
Other Current Liabilities |
494.1 |
457.2 |
416.0 |
444.9 |
392.2 |
|
Other Current liabilities, Total |
494.1 |
457.2 |
416.0 |
498.0 |
498.7 |
|
Total Current Liabilities |
2,445.3 |
1,742.0 |
2,401.7 |
2,859.1 |
2,122.9 |
|
|
|
|
|
|
|
|
Long Term Debt |
2,493.9 |
2,716.3 |
1,779.7 |
906.9 |
787.5 |
|
Total Long Term Debt |
2,493.9 |
2,716.3 |
1,779.7 |
906.9 |
787.5 |
|
Total Debt |
3,413.4 |
3,188.0 |
2,898.6 |
2,196.6 |
1,472.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
12.8 |
11.4 |
12.3 |
351.8 |
420.2 |
|
Deferred Income Tax |
12.8 |
11.4 |
12.3 |
351.8 |
420.2 |
|
Minority Interest |
76.3 |
63.7 |
56.0 |
54.7 |
85.2 |
|
Reserves |
156.6 |
133.6 |
116.3 |
107.2 |
88.4 |
|
Pension Benefits - Underfunded |
385.6 |
343.0 |
347.4 |
349.4 |
299.5 |
|
Other Long Term Liabilities |
41.1 |
30.6 |
16.4 |
15.4 |
15.1 |
|
Other Liabilities, Total |
583.2 |
507.2 |
480.1 |
471.9 |
403.0 |
|
Total Liabilities |
5,611.6 |
5,040.7 |
4,729.7 |
4,644.5 |
3,818.7 |
|
|
|
|
|
|
|
|
Common Stock |
964.2 |
855.2 |
809.1 |
802.9 |
676.8 |
|
Common Stock |
964.2 |
855.2 |
809.1 |
802.9 |
676.8 |
|
Additional Paid-In Capital |
602.0 |
534.0 |
505.1 |
501.3 |
422.6 |
|
Retained Earnings (Accumulated Deficit) |
1,154.8 |
905.8 |
1,530.0 |
1,865.5 |
1,361.6 |
|
Treasury Stock - Common |
-319.0 |
-282.9 |
-267.5 |
-259.7 |
-128.9 |
|
Unrealized Gain (Loss) |
102.3 |
146.3 |
51.4 |
675.3 |
837.1 |
|
Translation Adjustment |
-106.0 |
-25.0 |
-45.2 |
-8.3 |
12.2 |
|
Other Equity, Total |
-106.0 |
-25.0 |
-45.2 |
-8.3 |
12.2 |
|
Total Equity |
2,398.3 |
2,133.4 |
2,582.8 |
3,576.8 |
3,181.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.2 |
7,000.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
Total Common Shares Outstanding |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
Treasury Shares - Common Stock Primary Issue |
90.7 |
90.7 |
90.6 |
88.6 |
68.2 |
|
Employees |
6,074 |
6,143 |
6,216 |
6,210 |
6,234 |
|
Number of Common Shareholders |
45,969 |
50,110 |
46,976 |
46,656 |
49,566 |
|
Total Long Term Debt, Supplemental |
3,099.6 |
2,895.5 |
1,918.7 |
1,155.4 |
925.7 |
|
Long Term Debt Maturing within 1 Year |
598.5 |
179.2 |
139.1 |
248.5 |
138.2 |
|
Long Term Debt Maturing in Year 2 |
422.0 |
531.0 |
168.0 |
137.7 |
209.6 |
|
Long Term Debt Maturing in Year 3 |
583.1 |
372.6 |
500.8 |
166.4 |
116.2 |
|
Long Term Debt Maturing in Year 4 |
418.2 |
510.1 |
345.9 |
325.8 |
140.4 |
|
Long Term Debt Maturing in Year 5 |
69.9 |
370.2 |
481.5 |
182.1 |
274.8 |
|
Long Term Debt Maturing in 2-3 Years |
1,005.1 |
903.6 |
668.7 |
304.1 |
325.9 |
|
Long Term Debt Maturing in 4-5 Years |
488.1 |
880.2 |
827.4 |
508.0 |
415.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
1,007.9 |
932.5 |
283.5 |
94.8 |
46.4 |
|
Total Capital Leases, Supplemental |
11.3 |
4.5 |
1.8 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
1.9 |
1.1 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
1.9 |
1.2 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
1.7 |
1.2 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
1.1 |
0.7 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
3.5 |
2.4 |
0.7 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
1.6 |
1.0 |
0.5 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
4.3 |
0.0 |
0.2 |
- |
- |
|
Pension Obligation - Domestic |
1,285.9 |
1,184.0 |
1,172.4 |
1,194.6 |
1,025.4 |
|
Plan Assets - Domestic |
862.9 |
838.4 |
721.4 |
940.4 |
922.3 |
|
Funded Status - Domestic |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Total Funded Status |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Prepaid Benefits - Domestic |
215.1 |
178.7 |
164.4 |
146.8 |
8.6 |
|
Accrued Liabilities - Domestic |
-380.7 |
-338.5 |
-341.3 |
-343.6 |
-299.5 |
|
Other Assets, Net - Domestic |
257.4 |
185.8 |
274.0 |
57.4 |
-187.8 |
|
Net Assets Recognized on Balance Sheet |
91.8 |
26.0 |
97.1 |
-139.4 |
-478.7 |
|
Total Plan Obligations |
1,285.9 |
1,184.0 |
1,172.4 |
1,194.6 |
1,025.4 |
|
Total Plan Assets |
862.9 |
838.4 |
721.4 |
940.4 |
922.3 |
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
173.5 |
-670.7 |
-178.6 |
466.3 |
522.2 |
|
Depreciation |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Depreciation/Depletion |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Unusual Items |
10.6 |
73.0 |
-7.2 |
10.9 |
9.0 |
|
Equity in Net Earnings (Loss) |
-69.2 |
7.1 |
-10.9 |
-12.3 |
-33.9 |
|
Other Non-Cash Items |
64.4 |
30.8 |
-3.9 |
-20.8 |
-114.7 |
|
Non-Cash Items |
5.9 |
111.0 |
-22.0 |
-22.2 |
-139.6 |
|
Accounts Receivable |
-223.5 |
-156.6 |
359.2 |
166.8 |
-200.8 |
|
Inventories |
-167.2 |
624.0 |
-113.2 |
-341.2 |
-34.8 |
|
Prepaid Expenses |
-13.2 |
-4.9 |
-16.2 |
-119.0 |
0.0 |
|
Accounts Payable |
113.0 |
-96.9 |
-200.8 |
-42.4 |
195.9 |
|
Other Operating Cash Flow |
-52.5 |
51.6 |
25.5 |
-203.0 |
-163.6 |
|
Changes in Working Capital |
-343.4 |
417.2 |
54.5 |
-538.8 |
-203.3 |
|
Cash from Operating Activities |
285.0 |
277.1 |
256.8 |
232.2 |
446.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-293.4 |
-300.8 |
-330.6 |
-287.4 |
-252.2 |
|
Capital Expenditures |
-293.4 |
-300.8 |
-330.6 |
-287.4 |
-252.2 |
|
Acquisition of Business |
- |
- |
0.0 |
-64.4 |
0.0 |
|
Sale of Fixed Assets |
1.7 |
1.1 |
18.2 |
3.6 |
9.4 |
|
Sale/Maturity of Investment |
2.3 |
21.4 |
4.6 |
7.5 |
4.7 |
|
Purchase of Investments |
-28.3 |
-17.4 |
-233.1 |
-37.3 |
-126.7 |
|
Other Investing Cash Flow |
-33.7 |
-27.1 |
-78.7 |
-52.3 |
-46.0 |
|
Other Investing Cash Flow Items, Total |
-58.0 |
-21.9 |
-288.9 |
-142.9 |
-158.6 |
|
Cash from Investing Activities |
-351.5 |
-322.6 |
-619.5 |
-430.3 |
-410.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-2.1 |
-1.4 |
-0.5 |
-0.4 |
-8.0 |
|
Financing Cash Flow Items |
-2.1 |
-1.4 |
-0.5 |
-0.4 |
-8.0 |
|
Cash Dividends Paid - Common |
-10.9 |
-29.4 |
-89.9 |
-64.0 |
-48.1 |
|
Total Cash Dividends Paid |
-10.9 |
-29.4 |
-89.9 |
-64.0 |
-48.1 |
|
Repurchase/Retirement
of Common |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Common Stock, Net |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Issuance (Retirement) of Stock, Net |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Short Term Debt, Net |
-8.3 |
-747.2 |
-68.2 |
342.6 |
66.2 |
|
Long Term Debt Issued |
29.2 |
1,005.5 |
988.2 |
193.3 |
314.3 |
|
Long Term Debt
Reduction |
-195.3 |
-147.8 |
-246.2 |
-142.6 |
-340.3 |
|
Long Term Debt, Net |
-166.1 |
857.7 |
742.0 |
50.8 |
-26.0 |
|
Issuance (Retirement) of Debt, Net |
-174.4 |
110.4 |
673.8 |
393.4 |
40.2 |
|
Cash from Financing Activities |
-187.6 |
79.6 |
582.5 |
236.0 |
-62.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-18.8 |
-11.1 |
-6.3 |
-17.9 |
0.3 |
|
Net Change in Cash |
-272.8 |
23.0 |
213.6 |
19.9 |
-26.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
487.3 |
426.4 |
180.8 |
139.0 |
162.3 |
|
Net Cash - Ending Balance |
214.5 |
449.3 |
394.4 |
158.9 |
135.8 |
|
Cash Interest Paid |
74.7 |
41.2 |
32.5 |
22.7 |
19.9 |
|
Cash Taxes Paid |
10.3 |
-39.5 |
123.7 |
194.8 |
123.8 |
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
Total Revenue |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
|
|
|
|
|
|
|
Cost of sales |
5,571.4 |
4,753.6 |
5,748.3 |
4,732.9 |
4,519.8 |
|
Sales Delivery Cost |
179.9 |
145.7 |
150.2 |
144.8 |
141.1 |
|
Payroll |
100.9 |
90.3 |
94.0 |
90.6 |
92.0 |
|
Research & Development |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Other General Expenses |
180.0 |
171.5 |
172.6 |
154.7 |
146.5 |
|
SP Furnace Damange Loss |
- |
- |
- |
- |
0.0 |
|
SP Loss Val.Inv.Secs. |
12.3 |
0.0 |
43.4 |
0.0 |
- |
|
SP Loss on disaster |
14.3 |
0.0 |
- |
- |
- |
|
SP Business structure improvement costs |
5.6 |
0.0 |
- |
- |
- |
|
SP Accru.Retire.Benefit |
- |
- |
- |
- |
0.0 |
|
SP stainless steel claim compensatio |
- |
0.0 |
19.2 |
0.0 |
- |
|
SP Levy expenses |
0.0 |
60.0 |
0.0 |
- |
- |
|
Total Operating Expense |
6,116.9 |
5,275.3 |
6,279.6 |
5,170.8 |
4,942.3 |
|
|
|
|
|
|
|
|
NOP Interest Income |
2.3 |
3.4 |
3.7 |
5.6 |
4.8 |
|
NOP Dividend Income |
13.3 |
9.3 |
39.2 |
34.5 |
24.3 |
|
NOP Exchange Gain |
- |
- |
- |
0.4 |
- |
|
NOP Equity Gain |
69.2 |
0.0 |
10.9 |
12.3 |
33.9 |
|
NOP Other Non-Osp.Income |
13.4 |
17.4 |
8.4 |
16.1 |
11.6 |
|
NOP Interest Expesne |
-75.1 |
-55.1 |
-33.8 |
-23.4 |
-20.2 |
|
NOP Loan Employee Wage |
-19.9 |
-22.1 |
-36.8 |
-38.0 |
-43.6 |
|
NOP Accrued Retire.Benef |
-18.1 |
-24.1 |
-8.4 |
- |
- |
|
NOP Exchange Loss |
-17.0 |
-8.1 |
-15.1 |
-23.3 |
0.0 |
|
NOP Equity Loss |
0.0 |
-7.1 |
0.0 |
- |
0.0 |
|
NOP Other Non-Ops.Exp. |
-31.1 |
-27.0 |
-18.6 |
-18.2 |
-20.7 |
|
SP Gain Sale Fix Asset |
- |
0.0 |
19.4 |
0.8 |
1.6 |
|
SP Loss Sale/Retire Fixed Assets |
-10.6 |
-12.9 |
-12.2 |
-11.7 |
-10.6 |
|
SP L on sale of affiliated securities |
0.0 |
-19.2 |
0.0 |
- |
- |
|
Net Income Before Taxes |
173.5 |
-670.7 |
-178.6 |
466.4 |
522.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
27.6 |
-11.1 |
73.4 |
179.3 |
192.1 |
|
Net Income After Taxes |
145.9 |
-659.6 |
-252.0 |
287.0 |
330.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-5.2 |
-4.4 |
-1.6 |
-5.3 |
-11.9 |
|
Net Income Before Extra. Items |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
Net Income |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Basic EPS Including ExtraOrdinary Item |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
Diluted Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Diluted EPS Including ExtraOrd Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
DPS-Common Stock |
0.02 |
0.01 |
0.05 |
0.07 |
0.06 |
|
Gross Dividends - Common Stock |
21.1 |
9.7 |
63.1 |
79.2 |
55.6 |
|
Normalized Income Before Taxes |
216.3 |
-597.7 |
-123.2 |
477.2 |
531.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
34.4 |
14.4 |
92.8 |
183.5 |
195.5 |
|
Normalized Income After Taxes |
181.9 |
-612.2 |
-216.0 |
293.7 |
335.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
176.6 |
-616.6 |
-217.6 |
288.3 |
323.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Diluted Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Interest Expense |
75.1 |
55.1 |
33.8 |
23.4 |
20.2 |
|
Research & Development |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Depreciation |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Reported Operating Profit |
279.4 |
-465.1 |
-72.8 |
511.4 |
541.0 |
|
Reported Ordinary Profit |
216.3 |
-578.6 |
-123.2 |
477.2 |
531.3 |
|
Service Cost |
26.8 |
25.6 |
24.5 |
21.9 |
21.9 |
|
Interest Cost |
25.6 |
24.5 |
23.3 |
20.9 |
21.1 |
|
Expenced Return onf Plan Assets |
-18.3 |
-15.3 |
-18.6 |
-19.0 |
-15.4 |
|
Pension Expense due to Acct. Change |
- |
- |
- |
- |
0.0 |
|
Actuarial Gains & Losses |
29.1 |
33.1 |
16.0 |
-0.4 |
7.2 |
|
Perior Service Cost |
-10.4 |
-13.5 |
-12.5 |
-11.0 |
-10.8 |
|
Domestic Pension Plan Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Total Pension Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
221.9 |
447.0 |
401.2 |
182.6 |
134.6 |
|
Note&Acct.Rcvbl. |
1,093.1 |
766.4 |
577.5 |
937.6 |
955.0 |
|
Marketable Secs. |
1.5 |
0.0 |
0.0 |
17.7 |
41.5 |
|
Inventories |
- |
- |
- |
1,673.1 |
1,084.6 |
|
Inventories - merchandise&finished goods |
742.8 |
557.7 |
803.6 |
- |
- |
|
Inventories - work-in-process |
359.4 |
320.8 |
272.7 |
- |
- |
|
Inventories - raw materials & supplies |
510.1 |
401.2 |
721.4 |
- |
- |
|
Dfrd.Income Tax |
50.6 |
40.7 |
12.6 |
65.2 |
52.9 |
|
Other Current |
229.8 |
113.9 |
212.7 |
296.4 |
227.1 |
|
Allow.Doubt.Acct |
-7.8 |
-6.7 |
-4.9 |
-4.1 |
-8.0 |
|
Total Current Assets |
3,201.3 |
2,640.9 |
2,996.8 |
3,168.5 |
2,487.6 |
|
|
|
|
|
|
|
|
Building&Struct. |
2,954.4 |
2,608.3 |
2,434.6 |
2,347.0 |
1,954.5 |
|
Accum. depr - bldg&struc |
-2,077.7 |
-1,789.3 |
-1,637.6 |
-1,579.9 |
- |
|
Machinery&Vehicle |
9,891.8 |
8,686.2 |
8,031.8 |
7,806.3 |
6,436.0 |
|
Accum. depr - machin&vehicles |
-8,629.4 |
-7,444.7 |
-6,818.1 |
-6,566.6 |
- |
|
Tools & Fixtures |
443.2 |
390.3 |
362.8 |
351.5 |
287.4 |
|
Accum. depr - tools, furn, fixtur |
-397.3 |
-341.7 |
-310.3 |
-298.2 |
- |
|
Land |
687.0 |
609.5 |
572.2 |
566.1 |
479.3 |
|
Constr.in Progr. |
31.9 |
27.3 |
47.5 |
44.2 |
31.8 |
|
Accum.Deprec. |
- |
- |
- |
- |
-6,919.9 |
|
Intangible Asset |
105.5 |
102.3 |
103.4 |
114.3 |
72.1 |
|
Investment Secs. |
1,263.3 |
1,226.5 |
1,063.7 |
1,941.6 |
2,017.0 |
|
Dfrd.Income Tax |
79.6 |
48.0 |
103.9 |
32.3 |
25.4 |
|
Other Asset |
452.0 |
404.4 |
368.2 |
301.5 |
131.4 |
|
Allow.Doubt.Acct |
-6.9 |
-6.8 |
-6.2 |
-7.1 |
-2.5 |
|
Bond issue expenses |
11.2 |
12.7 |
0.0 |
- |
- |
|
Total Assets |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.3 |
7,000.1 |
|
|
|
|
|
|
|
|
Note & Acct.Pybl |
1,031.8 |
813.1 |
866.8 |
1,071.3 |
939.4 |
|
ST Borrowing |
321.0 |
292.5 |
645.7 |
797.5 |
473.1 |
|
Commercial Paper |
- |
0.0 |
334.1 |
391.8 |
186.3 |
|
Cur.Port.Bond |
120.7 |
107.0 |
101.2 |
100.5 |
25.4 |
|
Allowance for Environmental Remedy |
0.1 |
2.0 |
1.7 |
8.0 |
6.3 |
|
Allowance for disatar |
14.1 |
0.0 |
- |
- |
- |
|
Allowance for business restructing |
3.8 |
0.0 |
- |
- |
- |
|
Cur.Port.LT Debt |
477.8 |
72.2 |
37.8 |
- |
- |
|
Income Tax Pybl. |
- |
- |
- |
53.1 |
106.4 |
|
Other Current liablity |
476.0 |
455.1 |
414.2 |
436.9 |
385.9 |
|
Total Current Liabilities |
2,445.3 |
1,742.0 |
2,401.7 |
2,859.1 |
2,122.9 |
|
|
|
|
|
|
|
|
Corporate Bond |
1,206.6 |
1,177.2 |
506.2 |
401.9 |
338.8 |
|
LT Debt |
1,287.3 |
1,539.1 |
1,273.4 |
505.0 |
448.7 |
|
Total Long Term Debt |
2,493.9 |
2,716.3 |
1,779.7 |
906.9 |
787.5 |
|
|
|
|
|
|
|
|
Dfrd.Tax Liab. |
12.8 |
11.4 |
12.3 |
351.8 |
420.2 |
|
Res.Accru.Retire |
380.7 |
338.5 |
341.3 |
343.6 |
299.5 |
|
Res. directors' retire. benefits |
4.9 |
4.5 |
6.2 |
5.8 |
0.0 |
|
Res.Repairment |
146.6 |
124.7 |
113.2 |
102.0 |
80.2 |
|
Reserve for Environmental Remedy |
10.0 |
9.0 |
3.2 |
5.2 |
8.2 |
|
Other Fix Liab. |
41.1 |
30.6 |
16.4 |
15.4 |
15.1 |
|
Minority Int. |
76.3 |
63.7 |
56.0 |
54.7 |
85.2 |
|
Total Liabilities |
5,611.6 |
5,040.7 |
4,729.7 |
4,644.5 |
3,818.7 |
|
|
|
|
|
|
|
|
Common Stock |
964.2 |
855.2 |
809.1 |
802.9 |
676.8 |
|
Paid in Captial |
602.0 |
534.0 |
505.1 |
501.3 |
422.6 |
|
Retained Earning |
1,154.8 |
905.8 |
1,530.0 |
1,865.5 |
1,361.6 |
|
Treasury Stock |
-319.0 |
-282.9 |
-267.5 |
-259.7 |
-128.9 |
|
Unreal.Gain-Secs |
97.9 |
141.3 |
42.0 |
684.0 |
834.4 |
|
Unrealized Gain/Loss on Hedge |
0.6 |
1.9 |
7.0 |
-11.3 |
0.3 |
|
Val.Excess-Land |
3.8 |
3.1 |
2.3 |
2.5 |
2.4 |
|
Transl.Adjust. |
-106.0 |
-25.0 |
-45.2 |
-8.3 |
12.2 |
|
Total Equity |
2,398.3 |
2,133.4 |
2,582.8 |
3,576.8 |
3,181.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.2 |
7,000.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
Total Common Shares Outstanding |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
T/S-Common Stock |
90.7 |
90.7 |
90.6 |
88.6 |
68.2 |
|
Full-Time Employees |
6,074 |
6,143 |
6,216 |
6,210 |
6,234 |
|
Number of Common Shareholders |
45,969 |
50,110 |
46,976 |
46,656 |
49,566 |
|
LT Debts <1Yr. |
598.5 |
179.2 |
139.1 |
248.5 |
138.2 |
|
LT Debts <2Yr. |
422.0 |
531.0 |
168.0 |
137.7 |
209.6 |
|
LT Debts <3Yr. |
583.1 |
372.6 |
500.8 |
166.4 |
116.2 |
|
LT Debts <4Yr. |
418.2 |
510.1 |
345.9 |
325.8 |
140.4 |
|
LT Debts <5Yr. |
69.9 |
370.2 |
481.5 |
182.1 |
274.8 |
|
LT Debts Remaining |
1,007.9 |
932.5 |
283.5 |
94.8 |
46.4 |
|
Total Long Term Debt, Supplemental |
3,099.6 |
2,895.5 |
1,918.7 |
1,155.4 |
925.7 |
|
Capital lease maturing within 1 yr. |
1.9 |
1.1 |
0.4 |
- |
- |
|
Capital lease maturing within 2 yr. |
1.9 |
1.2 |
0.4 |
- |
- |
|
Capital lease maturing within 3 yr. |
1.7 |
1.2 |
0.4 |
- |
- |
|
Capital lease maturing within 4 yr. |
1.1 |
0.7 |
0.3 |
- |
- |
|
Capital lease maturing within 5 yr. |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital lease maturing in remaining yr. |
4.3 |
0.0 |
0.2 |
- |
- |
|
Total Capital Leases |
11.3 |
4.5 |
1.8 |
- |
- |
|
Pension Obligation |
1,285.9 |
1,184.0 |
1,172.4 |
1,194.6 |
1,025.4 |
|
Fair Value of Pension Assets |
862.9 |
838.4 |
721.4 |
940.4 |
922.3 |
|
Funded Status |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Total Funded Status |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Unrecognized Actuarial Gain & Losses |
340.3 |
276.8 |
373.7 |
168.9 |
-81.8 |
|
Unrecognized Prior Service Cost |
-82.9 |
-91.0 |
-99.7 |
-111.5 |
-106.0 |
|
Prepaid Pension Benefit |
215.1 |
178.7 |
164.4 |
146.8 |
8.6 |
|
Accrued Pension Benefit |
-380.7 |
-338.5 |
-341.3 |
-343.6 |
-299.5 |
|
Net Assets Recognized on Balance Sheet |
91.8 |
26.0 |
97.1 |
-139.4 |
-478.7 |
Financials
in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
173.5 |
-670.7 |
-178.6 |
466.3 |
522.2 |
|
Depreciation |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Res.Accru.Retire. |
-0.9 |
-16.6 |
-4.9 |
-10.2 |
-111.0 |
|
Prepaid pension exp. |
-13.2 |
-4.9 |
-16.2 |
-119.0 |
0.0 |
|
Res.Repairment |
5.9 |
5.1 |
10.2 |
6.0 |
5.2 |
|
Equity Loss |
-69.2 |
7.1 |
-10.9 |
-12.3 |
-33.9 |
|
Int.&Div.Income |
-15.6 |
-12.7 |
-42.9 |
-40.0 |
-29.2 |
|
Interest Expense |
75.1 |
55.1 |
33.8 |
23.4 |
20.2 |
|
Levy expenses |
0.0 |
60.0 |
0.0 |
- |
- |
|
G/L.Sale/Retire.PPE |
10.6 |
12.9 |
-7.2 |
10.9 |
9.0 |
|
Note&Acct.Rcvbl. |
-223.5 |
-156.6 |
359.2 |
166.8 |
-200.8 |
|
Inventories |
-167.2 |
624.0 |
-113.2 |
-341.2 |
-34.8 |
|
Note & Acct. Pybl. |
113.0 |
-96.9 |
-200.8 |
-42.4 |
195.9 |
|
Other oper. activities |
-19.5 |
83.8 |
126.5 |
-39.7 |
-67.0 |
|
Int. & Div.Rcvd. |
52.0 |
29.6 |
55.2 |
54.3 |
47.2 |
|
Interest Paid |
-74.7 |
-41.2 |
-32.5 |
-22.7 |
-19.9 |
|
Levy paid |
0.0 |
-60.0 |
0.0 |
- |
- |
|
Income Tax Paid/Refund |
-10.3 |
39.5 |
-123.7 |
-194.8 |
-123.8 |
|
Adjustment |
0.0 |
- |
-0.1 |
0.0 |
- |
|
Cash from Operating Activities |
285.0 |
277.1 |
256.8 |
232.2 |
446.8 |
|
|
|
|
|
|
|
|
Purch.Inv.Secs. |
-12.7 |
-2.3 |
-68.3 |
- |
- |
|
Sale Inv. Secs. |
2.3 |
9.9 |
- |
- |
- |
|
Purch.Mkbl./Inv.Secs |
- |
- |
- |
-37.3 |
-126.7 |
|
Sale Mkbl./Inv.Secs. |
- |
- |
4.6 |
7.5 |
4.7 |
|
Purchase of subs.' securities |
- |
- |
0.0 |
-64.4 |
0.0 |
|
Purchase of affiliated securities |
-15.6 |
-15.1 |
-164.8 |
0.0 |
- |
|
Sale of affiliated securities |
0.0 |
11.5 |
0.0 |
- |
- |
|
Captial Expenditure |
-293.4 |
-300.8 |
-330.6 |
-287.4 |
-252.2 |
|
Proc.Sale PPE |
1.7 |
1.1 |
18.2 |
3.6 |
9.4 |
|
Other |
-33.7 |
-27.1 |
-78.7 |
-52.3 |
-46.0 |
|
Cash from Investing Activities |
-351.5 |
-322.6 |
-619.5 |
-430.3 |
-410.8 |
|
|
|
|
|
|
|
|
ST Debt, Net |
-8.3 |
-392.2 |
-8.5 |
193.9 |
14.9 |
|
Commercial Paper Net |
0.0 |
-355.1 |
-59.7 |
148.7 |
51.3 |
|
Proc.LT Debt |
29.2 |
266.6 |
789.2 |
105.9 |
228.7 |
|
Repayment LT Debt |
-78.6 |
-40.2 |
-146.7 |
-116.3 |
-169.3 |
|
Proc.Issue Bond |
0.0 |
738.9 |
199.0 |
87.5 |
85.5 |
|
Redempt.Bond |
-116.7 |
-107.6 |
-99.5 |
-26.2 |
-171.0 |
|
Purch.Treas.Stock |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Dividend Paid |
-10.9 |
-29.4 |
-89.9 |
-64.0 |
-48.1 |
|
Other |
-2.1 |
-1.4 |
-0.5 |
-0.4 |
-8.0 |
|
Cash from Financing Activities |
-187.6 |
79.6 |
582.5 |
236.0 |
-62.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-18.8 |
-11.1 |
-6.3 |
-17.9 |
0.3 |
|
Net Change in Cash |
-272.8 |
23.0 |
213.6 |
19.9 |
-26.5 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
487.3 |
426.4 |
180.8 |
139.0 |
162.3 |
|
Net Cash Ending Balance |
214.5 |
449.3 |
394.4 |
158.9 |
135.8 |
|
Cash Interest Paid |
74.7 |
41.2 |
32.5 |
22.7 |
19.9 |
|
Cash Taxes Paid |
10.3 |
-39.5 |
123.7 |
194.8 |
123.8 |
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
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Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
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© 1983-2011
Reuters Research Inc. All Rights Reserved. |
|
Published by
OneSource Information Services, Inc., September, 2011. |
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
Revenue |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
Total Revenue |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
5,571.4 |
4,753.6 |
5,748.3 |
4,732.9 |
4,519.8 |
|
Cost of Revenue, Total |
5,571.4 |
4,753.6 |
5,748.3 |
4,732.9 |
4,519.8 |
|
Gross Profit |
792.7 |
-3.4 |
395.9 |
949.3 |
963.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
359.9 |
317.2 |
322.7 |
299.4 |
287.6 |
|
Labor & Related Expense |
100.9 |
90.3 |
94.0 |
90.6 |
92.0 |
|
Total Selling/General/Administrative Expenses |
460.8 |
407.5 |
416.7 |
390.1 |
379.6 |
|
Research & Development |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Restructuring Charge |
5.6 |
0.0 |
- |
- |
- |
|
Impairment-Assets Held for Sale |
12.3 |
0.0 |
43.4 |
0.0 |
- |
|
Other Unusual Expense (Income) |
14.3 |
60.0 |
19.2 |
0.0 |
0.0 |
|
Unusual Expense (Income) |
32.2 |
60.0 |
62.6 |
0.0 |
0.0 |
|
Total Operating Expense |
6,116.9 |
5,275.3 |
6,279.6 |
5,170.8 |
4,942.3 |
|
|
|
|
|
|
|
|
Operating Income |
247.2 |
-525.1 |
-135.4 |
511.4 |
541.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-75.1 |
-55.1 |
-33.8 |
-23.4 |
-20.2 |
|
Interest Expense, Net Non-Operating |
-75.1 |
-55.1 |
-33.8 |
-23.4 |
-20.2 |
|
Interest Income -
Non-Operating |
2.3 |
3.4 |
3.7 |
5.6 |
4.8 |
|
Investment Income -
Non-Operating |
65.4 |
-25.1 |
35.1 |
23.8 |
58.3 |
|
Interest/Investment Income - Non-Operating |
67.7 |
-21.7 |
38.7 |
29.4 |
63.1 |
|
Interest Income (Expense) - Net Non-Operating Total |
-7.4 |
-76.8 |
4.9 |
6.0 |
42.8 |
|
Gain (Loss) on Sale of Assets |
-10.6 |
-12.9 |
7.2 |
-10.9 |
-9.0 |
|
Other Non-Operating Income (Expense) |
-55.7 |
-55.8 |
-55.3 |
-40.2 |
-52.6 |
|
Other, Net |
-55.7 |
-55.8 |
-55.3 |
-40.2 |
-52.6 |
|
Income Before Tax |
173.5 |
-670.7 |
-178.6 |
466.4 |
522.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
27.6 |
-11.1 |
73.4 |
179.3 |
192.1 |
|
Income After Tax |
145.9 |
-659.6 |
-252.0 |
287.0 |
330.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-5.2 |
-4.4 |
-1.6 |
-5.3 |
-11.9 |
|
Net Income Before Extraord Items |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
Net Income |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Basic EPS Excl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Basic/Primary EPS Incl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
Diluted Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Diluted EPS Excl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Diluted EPS Incl Extraord Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Dividends per Share - Common Stock Primary Issue |
0.02 |
0.01 |
0.05 |
0.07 |
0.06 |
|
Gross Dividends - Common Stock |
21.1 |
9.7 |
63.1 |
79.2 |
55.6 |
|
Interest Expense, Supplemental |
75.1 |
55.1 |
33.8 |
23.4 |
20.2 |
|
Depreciation, Supplemental |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Total Special Items |
42.8 |
73.0 |
55.4 |
10.9 |
9.0 |
|
Normalized Income Before Tax |
216.3 |
-597.7 |
-123.2 |
477.2 |
531.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
6.8 |
25.5 |
19.4 |
4.2 |
3.3 |
|
Inc Tax Ex Impact of Sp Items |
34.4 |
14.4 |
92.8 |
183.5 |
195.5 |
|
Normalized Income After Tax |
181.9 |
-612.2 |
-216.0 |
293.7 |
335.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
176.6 |
-616.6 |
-217.6 |
288.3 |
323.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Diluted Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Research & Development Exp, Supplemental |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Reported Operating Profit |
279.4 |
-465.1 |
-72.8 |
511.4 |
541.0 |
|
Reported Ordinary Profit |
216.3 |
-578.6 |
-123.2 |
477.2 |
531.3 |
|
Normalized EBIT |
279.4 |
-465.1 |
-72.8 |
511.4 |
541.0 |
|
Normalized EBITDA |
728.5 |
-45.4 |
330.1 |
838.4 |
808.5 |
|
Interest Cost - Domestic |
25.6 |
24.5 |
23.3 |
20.9 |
21.1 |
|
Service Cost - Domestic |
26.8 |
25.6 |
24.5 |
21.9 |
21.9 |
|
Prior Service Cost - Domestic |
-10.4 |
-13.5 |
-12.5 |
-11.0 |
-10.8 |
|
Expected Return on Assets - Domestic |
-18.3 |
-15.3 |
-18.6 |
-19.0 |
-15.4 |
|
Actuarial Gains and Losses - Domestic |
29.1 |
33.1 |
16.0 |
-0.4 |
7.2 |
|
Transition Costs - Domestic |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Total Pension Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
25.6 |
24.5 |
23.3 |
20.9 |
21.1 |
|
Total Plan Service Cost |
26.8 |
25.6 |
24.5 |
21.9 |
21.9 |
|
Total Plan Expected Return |
-18.3 |
-15.3 |
-18.6 |
-19.0 |
-15.4 |
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net Sales |
1,678.5 |
1,681.5 |
1,587.0 |
1,668.1 |
1,442.7 |
|
Revenue |
1,678.5 |
1,681.5 |
1,587.0 |
1,668.1 |
1,442.7 |
|
Total Revenue |
1,678.5 |
1,681.5 |
1,587.0 |
1,668.1 |
1,442.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,506.6 |
1,502.9 |
1,392.4 |
1,416.0 |
1,273.9 |
|
Cost of Revenue, Total |
1,506.6 |
1,502.9 |
1,392.4 |
1,416.0 |
1,273.9 |
|
Gross Profit |
171.9 |
178.5 |
194.6 |
252.1 |
168.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
135.7 |
130.7 |
129.5 |
127.7 |
119.3 |
|
Labor & Related Expense |
- |
- |
2.3 |
2.2 |
2.5 |
|
Total Selling/General/Administrative Expenses |
135.7 |
130.7 |
131.8 |
129.9 |
121.8 |
|
Impairment-Assets Held for Sale |
0.0 |
6.4 |
- |
- |
5.7 |
|
Other Unusual Expense (Income) |
7.1 |
20.8 |
- |
0.0 |
0.0 |
|
Unusual Expense (Income) |
7.1 |
27.1 |
- |
0.0 |
5.7 |
|
Total Operating Expense |
1,649.4 |
1,660.7 |
1,524.1 |
1,545.9 |
1,401.4 |
|
|
|
|
|
|
|
|
Operating Income |
29.1 |
20.7 |
62.9 |
122.2 |
41.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-16.0 |
-20.4 |
-19.1 |
-18.6 |
-17.2 |
|
Interest Expense, Net Non-Operating |
-16.0 |
-20.4 |
-19.1 |
-18.6 |
-17.2 |
|
Interest Income -
Non-Operating |
0.7 |
0.3 |
0.6 |
0.7 |
0.7 |
|
Investment Income -
Non-Operating |
38.8 |
23.1 |
23.5 |
23.7 |
-2.9 |
|
Interest/Investment Income - Non-Operating |
39.5 |
23.4 |
24.1 |
24.3 |
-2.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
23.6 |
3.0 |
5.0 |
5.8 |
-19.5 |
|
Gain (Loss) on Sale of Assets |
-0.8 |
-3.3 |
-1.9 |
-4.5 |
-1.1 |
|
Other Non-Operating Income (Expense) |
-17.3 |
-24.1 |
-12.3 |
-9.9 |
-10.0 |
|
Other, Net |
-17.3 |
-24.1 |
-12.3 |
-9.9 |
-10.0 |
|
Income Before Tax |
34.6 |
-3.6 |
53.7 |
113.5 |
10.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
7.5 |
5.8 |
11.5 |
5.0 |
5.6 |
|
Income After Tax |
27.1 |
-9.4 |
42.2 |
108.5 |
5.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.8 |
-0.8 |
-1.3 |
-1.6 |
-1.6 |
|
Net Income Before Extraord Items |
26.3 |
-10.2 |
41.0 |
106.9 |
3.6 |
|
Net Income |
26.3 |
-10.2 |
41.0 |
106.9 |
3.6 |
|
|
|
|
|
|
|
|
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 |
26.2 |
-10.1 |
41.0 |
106.9 |
3.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
26.2 |
-10.1 |
41.0 |
106.9 |
3.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
Basic EPS Excl Extraord Items |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
Basic/Primary EPS Incl Extraord Items |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
26.2 |
-10.1 |
41.0 |
106.9 |
3.5 |
|
Diluted Weighted Average Shares |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
Diluted EPS Excl Extraord Items |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
Diluted EPS Incl Extraord Items |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.02 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
22.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
16.0 |
20.4 |
19.1 |
18.6 |
17.2 |
|
Depreciation, Supplemental |
115.0 |
111.0 |
118.4 |
114.2 |
106.1 |
|
Total Special Items |
9.7 |
30.4 |
1.9 |
4.5 |
6.8 |
|
Normalized Income Before Tax |
44.3 |
26.8 |
55.6 |
118.0 |
17.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
1.7 |
10.7 |
0.4 |
0.2 |
3.6 |
|
Inc Tax Ex Impact of Sp Items |
9.2 |
16.4 |
11.9 |
5.2 |
9.2 |
|
Normalized Income After Tax |
35.1 |
10.4 |
43.7 |
112.8 |
8.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.3 |
9.7 |
42.4 |
111.2 |
6.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.01 |
0.05 |
0.12 |
0.01 |
|
Diluted Normalized EPS |
0.04 |
0.01 |
0.05 |
0.12 |
0.01 |
|
Amort of Acquisition Costs, Supplemental |
1.9 |
- |
- |
- |
- |
|
Reported Operating Profit |
36.2 |
47.9 |
62.9 |
122.1 |
47.0 |
|
Reported Ordinary Profit |
42.4 |
26.8 |
55.6 |
118.0 |
17.5 |
|
Normalized EBIT |
36.2 |
47.9 |
62.9 |
122.2 |
47.0 |
|
Normalized EBITDA |
153.0 |
158.9 |
181.3 |
236.3 |
153.1 |
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
221.9 |
447.0 |
401.2 |
182.6 |
134.6 |
|
Short Term Investments |
1.5 |
0.0 |
0.0 |
17.7 |
41.5 |
|
Cash and Short Term Investments |
223.4 |
447.0 |
401.2 |
200.2 |
176.1 |
|
Accounts Receivable -
Trade, Gross |
1,093.1 |
766.4 |
577.5 |
937.6 |
955.0 |
|
Provision for Doubtful
Accounts |
-7.8 |
-6.7 |
-4.9 |
-4.1 |
-8.0 |
|
Trade Accounts Receivable - Net |
1,085.3 |
759.6 |
572.6 |
933.6 |
946.9 |
|
Total Receivables, Net |
1,085.3 |
759.6 |
572.6 |
933.6 |
946.9 |
|
Inventories - Finished Goods |
742.8 |
557.7 |
803.6 |
- |
- |
|
Inventories - Work In Progress |
359.4 |
320.8 |
272.7 |
- |
- |
|
Inventories - Raw Materials |
510.1 |
401.2 |
721.4 |
- |
- |
|
Total Inventory |
1,612.3 |
1,279.7 |
1,797.7 |
1,673.1 |
1,084.6 |
|
Deferred Income Tax - Current Asset |
50.6 |
40.7 |
12.6 |
65.2 |
52.9 |
|
Other Current Assets |
229.8 |
113.9 |
212.7 |
296.4 |
227.1 |
|
Other Current Assets, Total |
280.4 |
154.7 |
225.3 |
361.6 |
279.9 |
|
Total Current Assets |
3,201.3 |
2,640.9 |
2,996.8 |
3,168.5 |
2,487.6 |
|
|
|
|
|
|
|
|
Buildings |
2,954.4 |
2,608.3 |
2,434.6 |
2,347.0 |
1,954.5 |
|
Land/Improvements |
687.0 |
609.5 |
572.2 |
566.1 |
479.3 |
|
Machinery/Equipment |
10,335.0 |
9,076.5 |
8,394.5 |
8,157.8 |
6,723.5 |
|
Construction in
Progress |
31.9 |
27.3 |
47.5 |
44.2 |
31.8 |
|
Property/Plant/Equipment - Gross |
14,008.3 |
12,321.7 |
11,448.7 |
11,115.1 |
9,189.0 |
|
Accumulated Depreciation |
-11,104.5 |
-9,575.7 |
-8,766.0 |
-8,444.8 |
-6,919.9 |
|
Property/Plant/Equipment - Net |
2,903.8 |
2,746.0 |
2,682.8 |
2,670.3 |
2,269.1 |
|
Intangibles, Net |
105.5 |
102.3 |
103.4 |
114.3 |
72.1 |
|
LT Investments - Other |
1,263.3 |
1,226.5 |
1,063.7 |
1,941.6 |
2,017.0 |
|
Long Term Investments |
1,263.3 |
1,226.5 |
1,063.7 |
1,941.6 |
2,017.0 |
|
Deferred Charges |
11.2 |
12.7 |
0.0 |
- |
- |
|
Deferred Income Tax - Long Term Asset |
79.6 |
48.0 |
103.9 |
32.3 |
25.4 |
|
Other Long Term Assets |
445.1 |
397.5 |
362.0 |
294.3 |
128.9 |
|
Other Long Term Assets, Total |
535.9 |
458.3 |
466.0 |
326.7 |
154.3 |
|
Total Assets |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.3 |
7,000.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,031.8 |
813.1 |
866.8 |
1,071.3 |
939.4 |
|
Notes Payable/Short Term Debt |
321.0 |
292.5 |
979.9 |
1,189.3 |
659.4 |
|
Current Portion - Long Term Debt/Capital Leases |
598.5 |
179.2 |
139.1 |
100.5 |
25.4 |
|
Income Taxes Payable |
- |
- |
- |
53.1 |
106.4 |
|
Other Current Liabilities |
494.1 |
457.2 |
416.0 |
444.9 |
392.2 |
|
Other Current liabilities, Total |
494.1 |
457.2 |
416.0 |
498.0 |
498.7 |
|
Total Current Liabilities |
2,445.3 |
1,742.0 |
2,401.7 |
2,859.1 |
2,122.9 |
|
|
|
|
|
|
|
|
Long Term Debt |
2,493.9 |
2,716.3 |
1,779.7 |
906.9 |
787.5 |
|
Total Long Term Debt |
2,493.9 |
2,716.3 |
1,779.7 |
906.9 |
787.5 |
|
Total Debt |
3,413.4 |
3,188.0 |
2,898.6 |
2,196.6 |
1,472.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
12.8 |
11.4 |
12.3 |
351.8 |
420.2 |
|
Deferred Income Tax |
12.8 |
11.4 |
12.3 |
351.8 |
420.2 |
|
Minority Interest |
76.3 |
63.7 |
56.0 |
54.7 |
85.2 |
|
Reserves |
156.6 |
133.6 |
116.3 |
107.2 |
88.4 |
|
Pension Benefits - Underfunded |
385.6 |
343.0 |
347.4 |
349.4 |
299.5 |
|
Other Long Term Liabilities |
41.1 |
30.6 |
16.4 |
15.4 |
15.1 |
|
Other Liabilities, Total |
583.2 |
507.2 |
480.1 |
471.9 |
403.0 |
|
Total Liabilities |
5,611.6 |
5,040.7 |
4,729.7 |
4,644.5 |
3,818.7 |
|
|
|
|
|
|
|
|
Common Stock |
964.2 |
855.2 |
809.1 |
802.9 |
676.8 |
|
Common Stock |
964.2 |
855.2 |
809.1 |
802.9 |
676.8 |
|
Additional Paid-In Capital |
602.0 |
534.0 |
505.1 |
501.3 |
422.6 |
|
Retained Earnings (Accumulated Deficit) |
1,154.8 |
905.8 |
1,530.0 |
1,865.5 |
1,361.6 |
|
Treasury Stock - Common |
-319.0 |
-282.9 |
-267.5 |
-259.7 |
-128.9 |
|
Unrealized Gain (Loss) |
102.3 |
146.3 |
51.4 |
675.3 |
837.1 |
|
Translation Adjustment |
-106.0 |
-25.0 |
-45.2 |
-8.3 |
12.2 |
|
Other Equity, Total |
-106.0 |
-25.0 |
-45.2 |
-8.3 |
12.2 |
|
Total Equity |
2,398.3 |
2,133.4 |
2,582.8 |
3,576.8 |
3,181.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.2 |
7,000.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
Total Common Shares Outstanding |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
Treasury Shares - Common Stock Primary Issue |
90.7 |
90.7 |
90.6 |
88.6 |
68.2 |
|
Employees |
6,074 |
6,143 |
6,216 |
6,210 |
6,234 |
|
Number of Common Shareholders |
45,969 |
50,110 |
46,976 |
46,656 |
49,566 |
|
Total Long Term Debt, Supplemental |
3,099.6 |
2,895.5 |
1,918.7 |
1,155.4 |
925.7 |
|
Long Term Debt Maturing within 1 Year |
598.5 |
179.2 |
139.1 |
248.5 |
138.2 |
|
Long Term Debt Maturing in Year 2 |
422.0 |
531.0 |
168.0 |
137.7 |
209.6 |
|
Long Term Debt Maturing in Year 3 |
583.1 |
372.6 |
500.8 |
166.4 |
116.2 |
|
Long Term Debt Maturing in Year 4 |
418.2 |
510.1 |
345.9 |
325.8 |
140.4 |
|
Long Term Debt Maturing in Year 5 |
69.9 |
370.2 |
481.5 |
182.1 |
274.8 |
|
Long Term Debt Maturing in 2-3 Years |
1,005.1 |
903.6 |
668.7 |
304.1 |
325.9 |
|
Long Term Debt Maturing in 4-5 Years |
488.1 |
880.2 |
827.4 |
508.0 |
415.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
1,007.9 |
932.5 |
283.5 |
94.8 |
46.4 |
|
Total Capital Leases, Supplemental |
11.3 |
4.5 |
1.8 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
1.9 |
1.1 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
1.9 |
1.2 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
1.7 |
1.2 |
0.4 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
1.1 |
0.7 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
3.5 |
2.4 |
0.7 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
1.6 |
1.0 |
0.5 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
4.3 |
0.0 |
0.2 |
- |
- |
|
Pension Obligation - Domestic |
1,285.9 |
1,184.0 |
1,172.4 |
1,194.6 |
1,025.4 |
|
Plan Assets - Domestic |
862.9 |
838.4 |
721.4 |
940.4 |
922.3 |
|
Funded Status - Domestic |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Total Funded Status |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Prepaid Benefits - Domestic |
215.1 |
178.7 |
164.4 |
146.8 |
8.6 |
|
Accrued Liabilities - Domestic |
-380.7 |
-338.5 |
-341.3 |
-343.6 |
-299.5 |
|
Other Assets, Net - Domestic |
257.4 |
185.8 |
274.0 |
57.4 |
-187.8 |
|
Net Assets Recognized on Balance Sheet |
91.8 |
26.0 |
97.1 |
-139.4 |
-478.7 |
|
Total Plan Obligations |
1,285.9 |
1,184.0 |
1,172.4 |
1,194.6 |
1,025.4 |
|
Total Plan Assets |
862.9 |
838.4 |
721.4 |
940.4 |
922.3 |
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
217.7 |
221.9 |
208.2 |
326.8 |
406.5 |
|
Short Term Investments |
0.0 |
- |
- |
- |
- |
|
Cash and Short Term Investments |
217.7 |
221.9 |
208.2 |
326.8 |
406.5 |
|
Accounts Receivable -
Trade, Gross |
1,064.6 |
1,093.1 |
1,056.7 |
1,056.0 |
817.5 |
|
Provision for Doubtful
Accounts |
-8.0 |
-7.8 |
-7.9 |
-7.7 |
-7.0 |
|
Trade Accounts Receivable - Net |
1,056.6 |
1,085.3 |
1,048.8 |
1,048.4 |
810.4 |
|
Total Receivables, Net |
1,056.6 |
1,085.3 |
1,048.8 |
1,048.4 |
810.4 |
|
Inventories - Finished Goods |
- |
742.8 |
808.0 |
707.1 |
632.9 |
|
Inventories - Work In Progress |
- |
359.4 |
352.0 |
347.7 |
325.0 |
|
Inventories - Raw Materials |
- |
510.1 |
564.5 |
492.8 |
481.0 |
|
Total Inventory |
1,760.2 |
1,612.3 |
1,724.5 |
1,547.6 |
1,438.8 |
|
Other Current Assets |
293.3 |
281.9 |
258.4 |
249.0 |
206.6 |
|
Other Current Assets, Total |
293.3 |
281.9 |
258.4 |
249.0 |
206.6 |
|
Total Current Assets |
3,327.8 |
3,201.3 |
3,239.9 |
3,171.8 |
2,862.3 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
2,906.7 |
2,903.8 |
2,990.1 |
2,977.8 |
2,847.4 |
|
Intangibles, Net |
103.4 |
105.5 |
108.6 |
109.9 |
102.2 |
|
LT Investments - Other |
1,351.7 |
1,263.3 |
1,329.2 |
1,203.3 |
1,175.1 |
|
Long Term Investments |
1,351.7 |
1,263.3 |
1,329.2 |
1,203.3 |
1,175.1 |
|
Deferred Charges |
10.6 |
11.2 |
12.2 |
12.7 |
12.7 |
|
Other Long Term Assets |
537.1 |
524.8 |
524.3 |
538.7 |
513.1 |
|
Other Long Term Assets, Total |
547.8 |
535.9 |
536.5 |
551.4 |
525.8 |
|
Total Assets |
8,237.4 |
8,009.9 |
8,204.3 |
8,014.1 |
7,512.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,066.7 |
1,031.8 |
1,045.9 |
1,011.4 |
933.5 |
|
Notes Payable/Short Term Debt |
909.3 |
321.0 |
592.2 |
509.6 |
525.9 |
|
Current Portion - Long Term Debt/Capital Leases |
123.8 |
598.5 |
123.3 |
239.4 |
113.0 |
|
Other Current Liabilities |
400.7 |
494.1 |
401.2 |
471.7 |
421.0 |
|
Other Current liabilities, Total |
400.7 |
494.1 |
401.2 |
471.7 |
421.0 |
|
Total Current Liabilities |
2,500.6 |
2,445.3 |
2,162.6 |
2,232.1 |
1,993.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
2,554.3 |
2,493.9 |
2,850.2 |
2,768.6 |
2,722.1 |
|
Total Long Term Debt |
2,554.3 |
2,493.9 |
2,850.2 |
2,768.6 |
2,722.1 |
|
Total Debt |
3,587.4 |
3,413.4 |
3,565.6 |
3,517.6 |
3,361.0 |
|
|
|
|
|
|
|
|
Minority Interest |
78.4 |
76.3 |
77.2 |
73.8 |
68.1 |
|
Reserves |
165.7 |
161.5 |
163.5 |
157.2 |
147.0 |
|
Pension Benefits - Underfunded |
397.3 |
380.7 |
394.7 |
376.3 |
363.2 |
|
Other Long Term Liabilities |
54.8 |
53.9 |
52.7 |
53.4 |
51.4 |
|
Other Liabilities, Total |
617.9 |
596.1 |
611.0 |
587.0 |
561.6 |
|
Total Liabilities |
5,751.2 |
5,611.6 |
5,701.0 |
5,661.5 |
5,345.3 |
|
|
|
|
|
|
|
|
Common Stock |
989.5 |
964.2 |
985.3 |
956.6 |
903.1 |
|
Common Stock |
989.5 |
964.2 |
985.3 |
956.6 |
903.1 |
|
Additional Paid-In Capital |
617.8 |
602.0 |
615.2 |
597.2 |
563.8 |
|
Retained Earnings (Accumulated Deficit) |
1,189.2 |
1,154.8 |
1,190.9 |
1,115.7 |
949.9 |
|
Treasury Stock - Common |
-327.4 |
-319.0 |
-326.0 |
-316.4 |
-298.7 |
|
Unrealized Gain (Loss) |
99.2 |
102.3 |
109.9 |
73.0 |
77.8 |
|
Translation Adjustment |
-82.1 |
-106.0 |
-72.1 |
-73.5 |
-28.4 |
|
Other Equity, Total |
-82.1 |
-106.0 |
-72.1 |
-73.5 |
-28.4 |
|
Total Equity |
2,486.2 |
2,398.3 |
2,503.3 |
2,352.6 |
2,167.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
8,237.4 |
8,009.9 |
8,204.3 |
8,014.1 |
7,512.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
Total Common Shares Outstanding |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
Treasury Shares - Common Stock Primary Issue |
90.7 |
90.7 |
90.7 |
90.7 |
90.7 |
|
Employees |
- |
6,074 |
6,169 |
6,156 |
6,238 |
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
173.5 |
-670.7 |
-178.6 |
466.3 |
522.2 |
|
Depreciation |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Depreciation/Depletion |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Unusual Items |
10.6 |
73.0 |
-7.2 |
10.9 |
9.0 |
|
Equity in Net Earnings (Loss) |
-69.2 |
7.1 |
-10.9 |
-12.3 |
-33.9 |
|
Other Non-Cash Items |
64.4 |
30.8 |
-3.9 |
-20.8 |
-114.7 |
|
Non-Cash Items |
5.9 |
111.0 |
-22.0 |
-22.2 |
-139.6 |
|
Accounts Receivable |
-223.5 |
-156.6 |
359.2 |
166.8 |
-200.8 |
|
Inventories |
-167.2 |
624.0 |
-113.2 |
-341.2 |
-34.8 |
|
Prepaid Expenses |
-13.2 |
-4.9 |
-16.2 |
-119.0 |
0.0 |
|
Accounts Payable |
113.0 |
-96.9 |
-200.8 |
-42.4 |
195.9 |
|
Other Operating Cash Flow |
-52.5 |
51.6 |
25.5 |
-203.0 |
-163.6 |
|
Changes in Working Capital |
-343.4 |
417.2 |
54.5 |
-538.8 |
-203.3 |
|
Cash from Operating Activities |
285.0 |
277.1 |
256.8 |
232.2 |
446.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-293.4 |
-300.8 |
-330.6 |
-287.4 |
-252.2 |
|
Capital Expenditures |
-293.4 |
-300.8 |
-330.6 |
-287.4 |
-252.2 |
|
Acquisition of Business |
- |
- |
0.0 |
-64.4 |
0.0 |
|
Sale of Fixed Assets |
1.7 |
1.1 |
18.2 |
3.6 |
9.4 |
|
Sale/Maturity of Investment |
2.3 |
21.4 |
4.6 |
7.5 |
4.7 |
|
Purchase of Investments |
-28.3 |
-17.4 |
-233.1 |
-37.3 |
-126.7 |
|
Other Investing Cash Flow |
-33.7 |
-27.1 |
-78.7 |
-52.3 |
-46.0 |
|
Other Investing Cash Flow Items, Total |
-58.0 |
-21.9 |
-288.9 |
-142.9 |
-158.6 |
|
Cash from Investing Activities |
-351.5 |
-322.6 |
-619.5 |
-430.3 |
-410.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-2.1 |
-1.4 |
-0.5 |
-0.4 |
-8.0 |
|
Financing Cash Flow Items |
-2.1 |
-1.4 |
-0.5 |
-0.4 |
-8.0 |
|
Cash Dividends Paid - Common |
-10.9 |
-29.4 |
-89.9 |
-64.0 |
-48.1 |
|
Total Cash Dividends Paid |
-10.9 |
-29.4 |
-89.9 |
-64.0 |
-48.1 |
|
Repurchase/Retirement
of Common |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Common Stock, Net |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Issuance (Retirement) of Stock, Net |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Short Term Debt, Net |
-8.3 |
-747.2 |
-68.2 |
342.6 |
66.2 |
|
Long Term Debt Issued |
29.2 |
1,005.5 |
988.2 |
193.3 |
314.3 |
|
Long Term Debt
Reduction |
-195.3 |
-147.8 |
-246.2 |
-142.6 |
-340.3 |
|
Long Term Debt, Net |
-166.1 |
857.7 |
742.0 |
50.8 |
-26.0 |
|
Issuance (Retirement) of Debt, Net |
-174.4 |
110.4 |
673.8 |
393.4 |
40.2 |
|
Cash from Financing Activities |
-187.6 |
79.6 |
582.5 |
236.0 |
-62.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-18.8 |
-11.1 |
-6.3 |
-17.9 |
0.3 |
|
Net Change in Cash |
-272.8 |
23.0 |
213.6 |
19.9 |
-26.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
487.3 |
426.4 |
180.8 |
139.0 |
162.3 |
|
Net Cash - Ending Balance |
214.5 |
449.3 |
394.4 |
158.9 |
135.8 |
|
Cash Interest Paid |
74.7 |
41.2 |
32.5 |
22.7 |
19.9 |
|
Cash Taxes Paid |
10.3 |
-39.5 |
123.7 |
194.8 |
123.8 |
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
92.941082 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
173.5 |
174.7 |
120.6 |
10.7 |
-670.7 |
|
Depreciation |
449.1 |
338.1 |
220.0 |
106.1 |
419.7 |
|
Depreciation/Depletion |
449.1 |
338.1 |
220.0 |
106.1 |
419.7 |
|
Unusual Items |
10.6 |
7.4 |
5.5 |
1.1 |
73.0 |
|
Equity in Net Earnings (Loss) |
-69.2 |
-48.4 |
-28.7 |
2.8 |
7.1 |
|
Other Non-Cash Items |
64.4 |
48.9 |
27.4 |
16.7 |
30.8 |
|
Non-Cash Items |
5.9 |
7.9 |
4.2 |
20.6 |
111.0 |
|
Accounts Receivable |
-223.5 |
-163.9 |
-187.4 |
-7.8 |
-156.6 |
|
Inventories |
-167.2 |
-236.2 |
-110.2 |
-83.9 |
624.0 |
|
Prepaid Expenses |
-13.2 |
-10.9 |
-6.4 |
-4.0 |
-4.9 |
|
Accounts Payable |
113.0 |
99.7 |
95.5 |
70.2 |
-96.9 |
|
Other Operating Cash Flow |
-52.5 |
-96.8 |
-53.7 |
-90.4 |
51.6 |
|
Changes in Working Capital |
-343.4 |
-408.0 |
-262.2 |
-115.8 |
417.2 |
|
Cash from Operating Activities |
285.0 |
112.6 |
82.6 |
21.6 |
277.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-293.4 |
-250.5 |
-162.4 |
-62.1 |
-300.8 |
|
Capital Expenditures |
-293.4 |
-250.5 |
-162.4 |
-62.1 |
-300.8 |
|
Sale of Fixed Assets |
1.7 |
1.2 |
0.9 |
0.4 |
1.1 |
|
Sale/Maturity of Investment |
2.3 |
1.8 |
1.2 |
1.0 |
21.4 |
|
Purchase of Investments |
-28.3 |
-14.5 |
-0.9 |
-0.8 |
-17.4 |
|
Other Investing Cash Flow |
-33.7 |
-13.2 |
-16.5 |
-4.5 |
-27.1 |
|
Other Investing Cash Flow Items, Total |
-58.0 |
-24.9 |
-15.3 |
-4.0 |
-21.9 |
|
Cash from Investing Activities |
-351.5 |
-275.3 |
-177.7 |
-66.1 |
-322.6 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-2.1 |
-1.7 |
-1.2 |
-0.8 |
-1.4 |
|
Financing Cash Flow Items |
-2.1 |
-1.7 |
-1.2 |
-0.8 |
-1.4 |
|
Cash Dividends Paid - Common |
-10.9 |
-10.6 |
-10.3 |
-9.0 |
-29.4 |
|
Total Cash Dividends Paid |
-10.9 |
-10.6 |
-10.3 |
-9.0 |
-29.4 |
|
Repurchase/Retirement
of Common |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Common Stock, Net |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Issuance (Retirement) of Stock, Net |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Short Term Debt, Net |
-8.3 |
77.9 |
-8.3 |
-3.4 |
-747.2 |
|
Long Term Debt Issued |
29.2 |
5.8 |
5.6 |
0.0 |
1,005.5 |
|
Long Term Debt
Reduction |
-195.3 |
-183.5 |
-42.4 |
-1.7 |
-147.8 |
|
Long Term Debt, Net |
-166.1 |
-177.7 |
-36.8 |
-1.7 |
857.7 |
|
Issuance (Retirement) of Debt, Net |
-174.4 |
-99.8 |
-45.1 |
-5.1 |
110.4 |
|
Cash from Financing Activities |
-187.6 |
-112.2 |
-56.6 |
-14.9 |
79.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-18.8 |
-11.6 |
-10.8 |
-3.5 |
-11.1 |
|
Net Change in Cash |
-272.8 |
-286.5 |
-162.5 |
-62.9 |
23.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
- |
481.0 |
469.4 |
453.5 |
426.4 |
|
Net Cash - Ending Balance |
214.5 |
194.5 |
306.9 |
390.6 |
449.3 |
|
Cash Interest Paid |
74.7 |
64.1 |
37.3 |
26.0 |
41.2 |
|
Cash Taxes Paid |
10.3 |
10.0 |
2.1 |
10.9 |
-39.5 |
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
Total Revenue |
6,364.1 |
4,750.2 |
6,144.2 |
5,682.2 |
5,483.3 |
|
|
|
|
|
|
|
|
Cost of sales |
5,571.4 |
4,753.6 |
5,748.3 |
4,732.9 |
4,519.8 |
|
Sales Delivery Cost |
179.9 |
145.7 |
150.2 |
144.8 |
141.1 |
|
Payroll |
100.9 |
90.3 |
94.0 |
90.6 |
92.0 |
|
Research & Development |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Other General Expenses |
180.0 |
171.5 |
172.6 |
154.7 |
146.5 |
|
SP Furnace Damange Loss |
- |
- |
- |
- |
0.0 |
|
SP Loss Val.Inv.Secs. |
12.3 |
0.0 |
43.4 |
0.0 |
- |
|
SP Loss on disaster |
14.3 |
0.0 |
- |
- |
- |
|
SP Business structure improvement costs |
5.6 |
0.0 |
- |
- |
- |
|
SP Accru.Retire.Benefit |
- |
- |
- |
- |
0.0 |
|
SP stainless steel claim compensatio |
- |
0.0 |
19.2 |
0.0 |
- |
|
SP Levy expenses |
0.0 |
60.0 |
0.0 |
- |
- |
|
Total Operating Expense |
6,116.9 |
5,275.3 |
6,279.6 |
5,170.8 |
4,942.3 |
|
|
|
|
|
|
|
|
NOP Interest Income |
2.3 |
3.4 |
3.7 |
5.6 |
4.8 |
|
NOP Dividend Income |
13.3 |
9.3 |
39.2 |
34.5 |
24.3 |
|
NOP Exchange Gain |
- |
- |
- |
0.4 |
- |
|
NOP Equity Gain |
69.2 |
0.0 |
10.9 |
12.3 |
33.9 |
|
NOP Other Non-Osp.Income |
13.4 |
17.4 |
8.4 |
16.1 |
11.6 |
|
NOP Interest Expesne |
-75.1 |
-55.1 |
-33.8 |
-23.4 |
-20.2 |
|
NOP Loan Employee Wage |
-19.9 |
-22.1 |
-36.8 |
-38.0 |
-43.6 |
|
NOP Accrued Retire.Benef |
-18.1 |
-24.1 |
-8.4 |
- |
- |
|
NOP Exchange Loss |
-17.0 |
-8.1 |
-15.1 |
-23.3 |
0.0 |
|
NOP Equity Loss |
0.0 |
-7.1 |
0.0 |
- |
0.0 |
|
NOP Other Non-Ops.Exp. |
-31.1 |
-27.0 |
-18.6 |
-18.2 |
-20.7 |
|
SP Gain Sale Fix Asset |
- |
0.0 |
19.4 |
0.8 |
1.6 |
|
SP Loss Sale/Retire Fixed Assets |
-10.6 |
-12.9 |
-12.2 |
-11.7 |
-10.6 |
|
SP L on sale of affiliated securities |
0.0 |
-19.2 |
0.0 |
- |
- |
|
Net Income Before Taxes |
173.5 |
-670.7 |
-178.6 |
466.4 |
522.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
27.6 |
-11.1 |
73.4 |
179.3 |
192.1 |
|
Net Income After Taxes |
145.9 |
-659.6 |
-252.0 |
287.0 |
330.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-5.2 |
-4.4 |
-1.6 |
-5.3 |
-11.9 |
|
Net Income Before Extra. Items |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
Net Income |
140.6 |
-664.0 |
-253.6 |
281.7 |
318.2 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Basic EPS Including ExtraOrdinary Item |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
140.6 |
-664.0 |
-253.6 |
281.6 |
318.2 |
|
Diluted Weighted Average Shares |
903.8 |
903.9 |
905.3 |
910.2 |
933.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
Diluted EPS Including ExtraOrd Items |
0.16 |
-0.73 |
-0.28 |
0.31 |
0.34 |
|
DPS-Common Stock |
0.02 |
0.01 |
0.05 |
0.07 |
0.06 |
|
Gross Dividends - Common Stock |
21.1 |
9.7 |
63.1 |
79.2 |
55.6 |
|
Normalized Income Before Taxes |
216.3 |
-597.7 |
-123.2 |
477.2 |
531.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
34.4 |
14.4 |
92.8 |
183.5 |
195.5 |
|
Normalized Income After Taxes |
181.9 |
-612.2 |
-216.0 |
293.7 |
335.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
176.6 |
-616.6 |
-217.6 |
288.3 |
323.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Diluted Normalized EPS |
0.20 |
-0.68 |
-0.24 |
0.32 |
0.35 |
|
Interest Expense |
75.1 |
55.1 |
33.8 |
23.4 |
20.2 |
|
Research & Development |
52.5 |
54.2 |
52.0 |
47.8 |
42.9 |
|
Depreciation |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Reported Operating Profit |
279.4 |
-465.1 |
-72.8 |
511.4 |
541.0 |
|
Reported Ordinary Profit |
216.3 |
-578.6 |
-123.2 |
477.2 |
531.3 |
|
Service Cost |
26.8 |
25.6 |
24.5 |
21.9 |
21.9 |
|
Interest Cost |
25.6 |
24.5 |
23.3 |
20.9 |
21.1 |
|
Expenced Return onf Plan Assets |
-18.3 |
-15.3 |
-18.6 |
-19.0 |
-15.4 |
|
Pension Expense due to Acct. Change |
- |
- |
- |
- |
0.0 |
|
Actuarial Gains & Losses |
29.1 |
33.1 |
16.0 |
-0.4 |
7.2 |
|
Perior Service Cost |
-10.4 |
-13.5 |
-12.5 |
-11.0 |
-10.8 |
|
Domestic Pension Plan Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Total Pension Expense |
52.9 |
54.5 |
32.9 |
12.3 |
23.9 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
82.241044 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net sales |
1,678.5 |
1,681.5 |
1,587.0 |
1,668.1 |
1,442.7 |
|
Total Revenue |
1,678.5 |
1,681.5 |
1,587.0 |
1,668.1 |
1,442.7 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,506.6 |
1,502.9 |
1,392.4 |
1,416.0 |
1,273.9 |
|
Selling, general and administrative expe |
135.7 |
- |
- |
- |
- |
|
Freight Cost |
- |
46.5 |
45.0 |
45.3 |
43.3 |
|
Periodic retirement benefit costs |
- |
- |
2.0 |
1.7 |
2.3 |
|
Reserve for officers retirement |
- |
- |
0.3 |
0.4 |
0.2 |
|
Other General Expenses |
- |
84.2 |
84.4 |
82.5 |
75.9 |
|
SP Loss Val.Inv.Secs. |
0.0 |
6.4 |
- |
- |
5.7 |
|
SP Prov. for levy |
- |
0.0 |
- |
0.0 |
0.0 |
|
SP Loss on disaster |
7.1 |
- |
- |
- |
0.0 |
|
SP Other Special loss |
- |
20.8 |
- |
- |
- |
|
Total Operating Expense |
1,649.4 |
1,660.7 |
1,524.1 |
1,545.9 |
1,401.4 |
|
|
|
|
|
|
|
|
NOP Interest Income |
0.7 |
0.3 |
0.6 |
0.7 |
0.7 |
|
NOP Dividend Income |
13.6 |
0.4 |
5.4 |
0.5 |
6.8 |
|
NOP Equity Gain |
28.7 |
21.0 |
19.9 |
32.7 |
0.0 |
|
NOP Exchange Gain |
- |
1.7 |
0.0 |
- |
- |
|
NOP Other Non-Ops.Income |
1.5 |
5.3 |
1.9 |
3.9 |
2.5 |
|
NOP Interest Expesne |
-16.0 |
-20.4 |
-19.1 |
-18.6 |
-17.2 |
|
NOP Equity Loss |
0.0 |
- |
- |
0.0 |
-2.8 |
|
NOP Loan Employee Wage |
-5.8 |
-4.8 |
-5.1 |
-4.9 |
-5.1 |
|
NOP Accrued Retire.Benef |
- |
-18.9 |
0.0 |
- |
- |
|
NOP Exchange Loss |
-3.5 |
- |
-1.8 |
-9.5 |
-6.9 |
|
NOP Other Non-Ops.Exp. |
-13.0 |
-5.7 |
-9.1 |
-8.9 |
-7.4 |
|
SP Loss Sale & Retirement Fix Asset |
-0.8 |
-3.3 |
-1.9 |
-4.5 |
-1.1 |
|
SP L on sale of affiliated securities |
- |
0.0 |
- |
- |
0.0 |
|
Net Income Before Taxes |
34.6 |
-3.6 |
53.7 |
113.5 |
10.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
7.5 |
5.8 |
11.5 |
5.0 |
5.6 |
|
Net Income After Taxes |
27.1 |
-9.4 |
42.2 |
108.5 |
5.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.8 |
-0.8 |
-1.3 |
-1.6 |
-1.6 |
|
Net Income Before Extra. Items |
26.3 |
-10.2 |
41.0 |
106.9 |
3.6 |
|
Net Income |
26.3 |
-10.2 |
41.0 |
106.9 |
3.6 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
26.2 |
-10.1 |
41.0 |
106.9 |
3.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
26.2 |
-10.1 |
41.0 |
106.9 |
3.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
Basic EPS Including ExtraOrdinary Item |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
26.2 |
-10.1 |
41.0 |
106.9 |
3.5 |
|
Diluted Weighted Average Shares |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
Diluted EPS Excluding ExtraOrd Items |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
Diluted EPS Including ExtraOrd Items |
0.03 |
-0.01 |
0.05 |
0.12 |
0.00 |
|
DPS-Common Stock |
0.00 |
0.02 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
22.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
44.3 |
26.8 |
55.6 |
118.0 |
17.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
9.2 |
16.4 |
11.9 |
5.2 |
9.2 |
|
Normalized Income After Taxes |
35.1 |
10.4 |
43.7 |
112.8 |
8.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.3 |
9.7 |
42.4 |
111.2 |
6.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.01 |
0.05 |
0.12 |
0.01 |
|
Diluted Normalized EPS |
0.04 |
0.01 |
0.05 |
0.12 |
0.01 |
|
Interest Expense |
16.0 |
20.4 |
19.1 |
18.6 |
17.2 |
|
Depreciation |
115.0 |
111.0 |
118.4 |
114.2 |
106.1 |
|
Amort of Goodwill |
1.9 |
- |
- |
- |
- |
|
Reported Operating Profit |
36.2 |
47.9 |
62.9 |
122.1 |
47.0 |
|
Reported Ordinary Profits |
42.4 |
26.8 |
55.6 |
118.0 |
17.5 |
As Reported
Financials in: USD
(mil)
Except for share items
(millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
221.9 |
447.0 |
401.2 |
182.6 |
134.6 |
|
Note&Acct.Rcvbl. |
1,093.1 |
766.4 |
577.5 |
937.6 |
955.0 |
|
Marketable Secs. |
1.5 |
0.0 |
0.0 |
17.7 |
41.5 |
|
Inventories |
- |
- |
- |
1,673.1 |
1,084.6 |
|
Inventories - merchandise&finished goods |
742.8 |
557.7 |
803.6 |
- |
- |
|
Inventories - work-in-process |
359.4 |
320.8 |
272.7 |
- |
- |
|
Inventories - raw materials & supplies |
510.1 |
401.2 |
721.4 |
- |
- |
|
Dfrd.Income Tax |
50.6 |
40.7 |
12.6 |
65.2 |
52.9 |
|
Other Current |
229.8 |
113.9 |
212.7 |
296.4 |
227.1 |
|
Allow.Doubt.Acct |
-7.8 |
-6.7 |
-4.9 |
-4.1 |
-8.0 |
|
Total Current Assets |
3,201.3 |
2,640.9 |
2,996.8 |
3,168.5 |
2,487.6 |
|
|
|
|
|
|
|
|
Building&Struct. |
2,954.4 |
2,608.3 |
2,434.6 |
2,347.0 |
1,954.5 |
|
Accum. depr - bldg&struc |
-2,077.7 |
-1,789.3 |
-1,637.6 |
-1,579.9 |
- |
|
Machinery&Vehicle |
9,891.8 |
8,686.2 |
8,031.8 |
7,806.3 |
6,436.0 |
|
Accum. depr - machin&vehicles |
-8,629.4 |
-7,444.7 |
-6,818.1 |
-6,566.6 |
- |
|
Tools & Fixtures |
443.2 |
390.3 |
362.8 |
351.5 |
287.4 |
|
Accum. depr - tools, furn, fixtur |
-397.3 |
-341.7 |
-310.3 |
-298.2 |
- |
|
Land |
687.0 |
609.5 |
572.2 |
566.1 |
479.3 |
|
Constr.in Progr. |
31.9 |
27.3 |
47.5 |
44.2 |
31.8 |
|
Accum.Deprec. |
- |
- |
- |
- |
-6,919.9 |
|
Intangible Asset |
105.5 |
102.3 |
103.4 |
114.3 |
72.1 |
|
Investment Secs. |
1,263.3 |
1,226.5 |
1,063.7 |
1,941.6 |
2,017.0 |
|
Dfrd.Income Tax |
79.6 |
48.0 |
103.9 |
32.3 |
25.4 |
|
Other Asset |
452.0 |
404.4 |
368.2 |
301.5 |
131.4 |
|
Allow.Doubt.Acct |
-6.9 |
-6.8 |
-6.2 |
-7.1 |
-2.5 |
|
Bond issue expenses |
11.2 |
12.7 |
0.0 |
- |
- |
|
Total Assets |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.3 |
7,000.1 |
|
|
|
|
|
|
|
|
Note & Acct.Pybl |
1,031.8 |
813.1 |
866.8 |
1,071.3 |
939.4 |
|
ST Borrowing |
321.0 |
292.5 |
645.7 |
797.5 |
473.1 |
|
Commercial Paper |
- |
0.0 |
334.1 |
391.8 |
186.3 |
|
Cur.Port.Bond |
120.7 |
107.0 |
101.2 |
100.5 |
25.4 |
|
Allowance for Environmental Remedy |
0.1 |
2.0 |
1.7 |
8.0 |
6.3 |
|
Allowance for disatar |
14.1 |
0.0 |
- |
- |
- |
|
Allowance for business restructing |
3.8 |
0.0 |
- |
- |
- |
|
Cur.Port.LT Debt |
477.8 |
72.2 |
37.8 |
- |
- |
|
Income Tax Pybl. |
- |
- |
- |
53.1 |
106.4 |
|
Other Current liablity |
476.0 |
455.1 |
414.2 |
436.9 |
385.9 |
|
Total Current Liabilities |
2,445.3 |
1,742.0 |
2,401.7 |
2,859.1 |
2,122.9 |
|
|
|
|
|
|
|
|
Corporate Bond |
1,206.6 |
1,177.2 |
506.2 |
401.9 |
338.8 |
|
LT Debt |
1,287.3 |
1,539.1 |
1,273.4 |
505.0 |
448.7 |
|
Total Long Term Debt |
2,493.9 |
2,716.3 |
1,779.7 |
906.9 |
787.5 |
|
|
|
|
|
|
|
|
Dfrd.Tax Liab. |
12.8 |
11.4 |
12.3 |
351.8 |
420.2 |
|
Res.Accru.Retire |
380.7 |
338.5 |
341.3 |
343.6 |
299.5 |
|
Res. directors' retire. benefits |
4.9 |
4.5 |
6.2 |
5.8 |
0.0 |
|
Res.Repairment |
146.6 |
124.7 |
113.2 |
102.0 |
80.2 |
|
Reserve for Environmental Remedy |
10.0 |
9.0 |
3.2 |
5.2 |
8.2 |
|
Other Fix Liab. |
41.1 |
30.6 |
16.4 |
15.4 |
15.1 |
|
Minority Int. |
76.3 |
63.7 |
56.0 |
54.7 |
85.2 |
|
Total Liabilities |
5,611.6 |
5,040.7 |
4,729.7 |
4,644.5 |
3,818.7 |
|
|
|
|
|
|
|
|
Common Stock |
964.2 |
855.2 |
809.1 |
802.9 |
676.8 |
|
Paid in Captial |
602.0 |
534.0 |
505.1 |
501.3 |
422.6 |
|
Retained Earning |
1,154.8 |
905.8 |
1,530.0 |
1,865.5 |
1,361.6 |
|
Treasury Stock |
-319.0 |
-282.9 |
-267.5 |
-259.7 |
-128.9 |
|
Unreal.Gain-Secs |
97.9 |
141.3 |
42.0 |
684.0 |
834.4 |
|
Unrealized Gain/Loss on Hedge |
0.6 |
1.9 |
7.0 |
-11.3 |
0.3 |
|
Val.Excess-Land |
3.8 |
3.1 |
2.3 |
2.5 |
2.4 |
|
Transl.Adjust. |
-106.0 |
-25.0 |
-45.2 |
-8.3 |
12.2 |
|
Total Equity |
2,398.3 |
2,133.4 |
2,582.8 |
3,576.8 |
3,181.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
8,009.9 |
7,174.1 |
7,312.6 |
8,221.2 |
7,000.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
Total Common Shares Outstanding |
903.8 |
903.8 |
903.9 |
905.9 |
926.3 |
|
T/S-Common Stock |
90.7 |
90.7 |
90.6 |
88.6 |
68.2 |
|
Full-Time Employees |
6,074 |
6,143 |
6,216 |
6,210 |
6,234 |
|
Number of Common Shareholders |
45,969 |
50,110 |
46,976 |
46,656 |
49,566 |
|
LT Debts <1Yr. |
598.5 |
179.2 |
139.1 |
248.5 |
138.2 |
|
LT Debts <2Yr. |
422.0 |
531.0 |
168.0 |
137.7 |
209.6 |
|
LT Debts <3Yr. |
583.1 |
372.6 |
500.8 |
166.4 |
116.2 |
|
LT Debts <4Yr. |
418.2 |
510.1 |
345.9 |
325.8 |
140.4 |
|
LT Debts <5Yr. |
69.9 |
370.2 |
481.5 |
182.1 |
274.8 |
|
LT Debts Remaining |
1,007.9 |
932.5 |
283.5 |
94.8 |
46.4 |
|
Total Long Term Debt, Supplemental |
3,099.6 |
2,895.5 |
1,918.7 |
1,155.4 |
925.7 |
|
Capital lease maturing within 1 yr. |
1.9 |
1.1 |
0.4 |
- |
- |
|
Capital lease maturing within 2 yr. |
1.9 |
1.2 |
0.4 |
- |
- |
|
Capital lease maturing within 3 yr. |
1.7 |
1.2 |
0.4 |
- |
- |
|
Capital lease maturing within 4 yr. |
1.1 |
0.7 |
0.3 |
- |
- |
|
Capital lease maturing within 5 yr. |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital lease maturing in remaining yr. |
4.3 |
0.0 |
0.2 |
- |
- |
|
Total Capital Leases |
11.3 |
4.5 |
1.8 |
- |
- |
|
Pension Obligation |
1,285.9 |
1,184.0 |
1,172.4 |
1,194.6 |
1,025.4 |
|
Fair Value of Pension Assets |
862.9 |
838.4 |
721.4 |
940.4 |
922.3 |
|
Funded Status |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Total Funded Status |
-422.9 |
-345.7 |
-450.9 |
-254.2 |
-103.1 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Unrecognized Actuarial Gain & Losses |
340.3 |
276.8 |
373.7 |
168.9 |
-81.8 |
|
Unrecognized Prior Service Cost |
-82.9 |
-91.0 |
-99.7 |
-111.5 |
-106.0 |
|
Prepaid Pension Benefit |
215.1 |
178.7 |
164.4 |
146.8 |
8.6 |
|
Accrued Pension Benefit |
-380.7 |
-338.5 |
-341.3 |
-343.6 |
-299.5 |
|
Net Assets Recognized on Balance Sheet |
91.8 |
26.0 |
97.1 |
-139.4 |
-478.7 |
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash & Deposit |
217.7 |
221.9 |
208.2 |
326.8 |
406.5 |
|
Note&Acct.Rcvbl. |
1,064.6 |
1,093.1 |
1,056.7 |
1,056.0 |
817.5 |
|
Marketable Secs. |
0.0 |
- |
- |
- |
- |
|
Inventories |
1,760.2 |
- |
- |
- |
- |
|
Inventories - merchandise&finished goods |
- |
742.8 |
808.0 |
707.1 |
632.9 |
|
Inventories - work-in-process |
- |
359.4 |
352.0 |
347.7 |
325.0 |
|
Inventories - raw materials & supplies |
- |
510.1 |
564.5 |
492.8 |
481.0 |
|
Other Current |
293.3 |
281.9 |
258.4 |
249.0 |
206.6 |
|
Allowance for doubtful accounts |
-8.0 |
-7.8 |
-7.9 |
-7.7 |
-7.0 |
|
Total Current Assets |
3,327.8 |
3,201.3 |
3,239.9 |
3,171.8 |
2,862.3 |
|
|
|
|
|
|
|
|
Buildings and structures, net |
886.1 |
876.7 |
907.8 |
895.6 |
857.1 |
|
Machinery&Vehicle |
1,224.8 |
1,262.4 |
1,280.9 |
1,325.5 |
1,252.2 |
|
Other PPE, net |
795.9 |
764.7 |
801.4 |
756.6 |
738.1 |
|
Intangible assets |
103.4 |
105.5 |
108.6 |
109.9 |
102.2 |
|
Investment Secs. |
1,351.7 |
1,263.3 |
1,329.2 |
1,203.3 |
1,175.1 |
|
Other Asset |
541.5 |
531.6 |
532.1 |
546.5 |
520.3 |
|
Allowance for doubtful accounts |
-4.4 |
-6.9 |
-7.9 |
-7.8 |
-7.2 |
|
Deferred Assets |
10.6 |
11.2 |
12.2 |
12.7 |
12.7 |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Total Assets |
8,237.4 |
8,009.9 |
8,204.3 |
8,014.1 |
7,512.8 |
|
|
|
|
|
|
|
|
Note & Acct.Pybl |
1,066.7 |
1,031.8 |
1,045.9 |
1,011.4 |
933.5 |
|
ST Debt |
661.7 |
321.0 |
505.9 |
509.6 |
525.9 |
|
Commercial Paper |
247.6 |
0.0 |
86.3 |
- |
- |
|
Cur.Port.Bond |
123.8 |
120.7 |
123.3 |
239.4 |
113.0 |
|
Cur.Port.LT Debt |
- |
477.8 |
- |
- |
- |
|
Provision |
15.6 |
18.1 |
0.1 |
0.4 |
0.4 |
|
Other Current |
385.1 |
476.0 |
401.1 |
471.3 |
420.7 |
|
Total Current Liabilities |
2,500.6 |
2,445.3 |
2,162.6 |
2,232.1 |
1,993.5 |
|
|
|
|
|
|
|
|
Corporate Bond |
1,238.2 |
1,206.6 |
1,233.0 |
1,197.0 |
1,243.1 |
|
LT Debt |
1,316.1 |
1,287.3 |
1,617.2 |
1,571.6 |
1,479.0 |
|
Total Long Term Debt |
2,554.3 |
2,493.9 |
2,850.2 |
2,768.6 |
2,722.1 |
|
|
|
|
|
|
|
|
Res.Accru.Retire |
397.3 |
380.7 |
394.7 |
376.3 |
363.2 |
|
Res.Repairment |
152.5 |
146.6 |
148.3 |
142.6 |
133.1 |
|
Other Reserve |
13.3 |
14.9 |
15.2 |
14.7 |
13.9 |
|
Other Fix Liab. |
54.8 |
53.9 |
52.7 |
53.4 |
51.4 |
|
Minority Int. |
78.4 |
76.3 |
77.2 |
73.8 |
68.1 |
|
Total Liabilities |
5,751.2 |
5,611.6 |
5,701.0 |
5,661.5 |
5,345.3 |
|
|
|
|
|
|
|
|
Common Stock |
989.5 |
964.2 |
985.3 |
956.6 |
903.1 |
|
Paid in Captial |
617.8 |
602.0 |
615.2 |
597.2 |
563.8 |
|
Retained earnings |
1,189.2 |
1,154.8 |
1,190.9 |
1,115.7 |
949.9 |
|
Treasury Stock |
-327.4 |
-319.0 |
-326.0 |
-316.4 |
-298.7 |
|
Unreal.Gain-Secs |
98.8 |
97.9 |
114.0 |
80.1 |
79.0 |
|
Unrealized Gain/Loss on Hedge |
-3.5 |
0.6 |
-8.0 |
-10.8 |
-4.5 |
|
Val.Excess-Land |
3.9 |
3.8 |
3.9 |
3.8 |
3.3 |
|
Transl.Adjust. |
-82.1 |
-106.0 |
-72.1 |
-73.5 |
-28.4 |
|
Total Equity |
2,486.2 |
2,398.3 |
2,503.3 |
2,352.6 |
2,167.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
8,237.4 |
8,009.9 |
8,204.3 |
8,014.1 |
7,512.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
Total Common Shares Outstanding |
903.8 |
903.8 |
903.8 |
903.8 |
903.8 |
|
T/S-Common Stock |
90.7 |
90.7 |
90.7 |
90.7 |
90.7 |
|
Full-Time Employees |
- |
6,074 |
6,169 |
6,156 |
6,238 |
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Misuzu Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
173.5 |
-670.7 |
-178.6 |
466.3 |
522.2 |
|
Depreciation |
449.1 |
419.7 |
402.9 |
326.9 |
267.5 |
|
Res.Accru.Retire. |
-0.9 |
-16.6 |
-4.9 |
-10.2 |
-111.0 |
|
Prepaid pension exp. |
-13.2 |
-4.9 |
-16.2 |
-119.0 |
0.0 |
|
Res.Repairment |
5.9 |
5.1 |
10.2 |
6.0 |
5.2 |
|
Equity Loss |
-69.2 |
7.1 |
-10.9 |
-12.3 |
-33.9 |
|
Int.&Div.Income |
-15.6 |
-12.7 |
-42.9 |
-40.0 |
-29.2 |
|
Interest Expense |
75.1 |
55.1 |
33.8 |
23.4 |
20.2 |
|
Levy expenses |
0.0 |
60.0 |
0.0 |
- |
- |
|
G/L.Sale/Retire.PPE |
10.6 |
12.9 |
-7.2 |
10.9 |
9.0 |
|
Note&Acct.Rcvbl. |
-223.5 |
-156.6 |
359.2 |
166.8 |
-200.8 |
|
Inventories |
-167.2 |
624.0 |
-113.2 |
-341.2 |
-34.8 |
|
Note & Acct. Pybl. |
113.0 |
-96.9 |
-200.8 |
-42.4 |
195.9 |
|
Other oper. activities |
-19.5 |
83.8 |
126.5 |
-39.7 |
-67.0 |
|
Int. & Div.Rcvd. |
52.0 |
29.6 |
55.2 |
54.3 |
47.2 |
|
Interest Paid |
-74.7 |
-41.2 |
-32.5 |
-22.7 |
-19.9 |
|
Levy paid |
0.0 |
-60.0 |
0.0 |
- |
- |
|
Income Tax Paid/Refund |
-10.3 |
39.5 |
-123.7 |
-194.8 |
-123.8 |
|
Adjustment |
0.0 |
- |
-0.1 |
0.0 |
- |
|
Cash from Operating Activities |
285.0 |
277.1 |
256.8 |
232.2 |
446.8 |
|
|
|
|
|
|
|
|
Purch.Inv.Secs. |
-12.7 |
-2.3 |
-68.3 |
- |
- |
|
Sale Inv. Secs. |
2.3 |
9.9 |
- |
- |
- |
|
Purch.Mkbl./Inv.Secs |
- |
- |
- |
-37.3 |
-126.7 |
|
Sale Mkbl./Inv.Secs. |
- |
- |
4.6 |
7.5 |
4.7 |
|
Purchase of subs.' securities |
- |
- |
0.0 |
-64.4 |
0.0 |
|
Purchase of affiliated securities |
-15.6 |
-15.1 |
-164.8 |
0.0 |
- |
|
Sale of affiliated securities |
0.0 |
11.5 |
0.0 |
- |
- |
|
Captial Expenditure |
-293.4 |
-300.8 |
-330.6 |
-287.4 |
-252.2 |
|
Proc.Sale PPE |
1.7 |
1.1 |
18.2 |
3.6 |
9.4 |
|
Other |
-33.7 |
-27.1 |
-78.7 |
-52.3 |
-46.0 |
|
Cash from Investing Activities |
-351.5 |
-322.6 |
-619.5 |
-430.3 |
-410.8 |
|
|
|
|
|
|
|
|
ST Debt, Net |
-8.3 |
-392.2 |
-8.5 |
193.9 |
14.9 |
|
Commercial Paper Net |
0.0 |
-355.1 |
-59.7 |
148.7 |
51.3 |
|
Proc.LT Debt |
29.2 |
266.6 |
789.2 |
105.9 |
228.7 |
|
Repayment LT Debt |
-78.6 |
-40.2 |
-146.7 |
-116.3 |
-169.3 |
|
Proc.Issue Bond |
0.0 |
738.9 |
199.0 |
87.5 |
85.5 |
|
Redempt.Bond |
-116.7 |
-107.6 |
-99.5 |
-26.2 |
-171.0 |
|
Purch.Treas.Stock |
-0.1 |
-0.1 |
-0.8 |
-93.0 |
-46.9 |
|
Dividend Paid |
-10.9 |
-29.4 |
-89.9 |
-64.0 |
-48.1 |
|
Other |
-2.1 |
-1.4 |
-0.5 |
-0.4 |
-8.0 |
|
Cash from Financing Activities |
-187.6 |
79.6 |
582.5 |
236.0 |
-62.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-18.8 |
-11.1 |
-6.3 |
-17.9 |
0.3 |
|
Net Change in Cash |
-272.8 |
23.0 |
213.6 |
19.9 |
-26.5 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
487.3 |
426.4 |
180.8 |
139.0 |
162.3 |
|
Net Cash Ending Balance |
214.5 |
449.3 |
394.4 |
158.9 |
135.8 |
|
Cash Interest Paid |
74.7 |
41.2 |
32.5 |
22.7 |
19.9 |
|
Cash Taxes Paid |
10.3 |
-39.5 |
123.7 |
194.8 |
123.8 |
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
92.941082 |
|
|
|
|
|
|
|
|
Income Before Tax |
173.5 |
174.7 |
120.6 |
10.7 |
-670.7 |
|
Depreciation |
449.1 |
338.1 |
220.0 |
106.1 |
419.7 |
|
Res.Accru.Retire. |
-0.9 |
4.4 |
-2.4 |
5.5 |
-16.6 |
|
(Inc) Dec prepaid expenses |
-13.2 |
-10.9 |
-6.4 |
-4.0 |
-4.9 |
|
Res.Repairment |
5.9 |
4.4 |
3.0 |
1.4 |
5.1 |
|
Equity Loss/Gain |
-69.2 |
-48.4 |
-28.7 |
2.8 |
7.1 |
|
Int.&Div.Income |
-15.6 |
-14.8 |
-8.8 |
-7.5 |
-12.7 |
|
Interest Expense |
75.1 |
54.9 |
35.8 |
17.2 |
55.1 |
|
Levy expenses |
0.0 |
0.0 |
- |
- |
60.0 |
|
G/L.Sale/Retire.PPE |
10.6 |
7.4 |
5.5 |
1.1 |
12.9 |
|
Note&Acct.Rcvbl. |
-223.5 |
-163.9 |
-187.4 |
-7.8 |
-156.6 |
|
Inventories |
-167.2 |
-236.2 |
-110.2 |
-83.9 |
624.0 |
|
Note & Acct. Pybl. |
113.0 |
99.7 |
95.5 |
70.2 |
-96.9 |
|
Other oper. activities |
-19.5 |
-63.6 |
-49.2 |
-61.9 |
83.8 |
|
Int. & Div.Rcvd. |
52.0 |
41.0 |
34.9 |
8.4 |
29.6 |
|
Interest Paid |
-74.7 |
-64.1 |
-37.3 |
-26.0 |
-41.2 |
|
Income Tax Paid/Refund |
-10.3 |
-10.0 |
-2.1 |
-10.9 |
39.5 |
|
Levy paid |
0.0 |
0.0 |
- |
- |
-60.0 |
|
Adjustment |
0.0 |
- |
-0.1 |
- |
- |
|
Cash from Operating Activities |
285.0 |
112.6 |
82.6 |
21.6 |
277.1 |
|
|
|
|
|
|
|
|
Purch.Mkbl./Inv.Secs |
-12.7 |
-0.7 |
-0.7 |
-0.7 |
-2.3 |
|
Sale Mkbl./Inv.Secs. |
2.3 |
1.8 |
1.2 |
1.0 |
9.9 |
|
Purchase of affiliated securities |
-15.6 |
-13.8 |
-0.2 |
-0.2 |
-15.1 |
|
Sale of affiliated securities |
0.0 |
0.0 |
0.0 |
0.0 |
11.5 |
|
Captial Expenditure |
-293.4 |
-250.5 |
-162.4 |
-62.1 |
-300.8 |
|
Proc.Sale PPE |
1.7 |
1.2 |
0.9 |
0.4 |
1.1 |
|
Other |
-33.7 |
-13.2 |
-16.5 |
-4.5 |
-27.1 |
|
Cash from Investing Activities |
-351.5 |
-275.3 |
-177.7 |
-66.1 |
-322.6 |
|
|
|
|
|
|
|
|
ST Debt, Net |
-8.3 |
-2.8 |
-8.3 |
-3.4 |
-392.2 |
|
Commercial Paper Net |
0.0 |
80.6 |
0.0 |
- |
-355.1 |
|
Proc.LT Debt |
29.2 |
5.8 |
5.6 |
0.0 |
266.6 |
|
Repayment LT Debt |
-78.6 |
-68.3 |
-42.4 |
-1.7 |
-40.2 |
|
Proc.Issue Bond |
0.0 |
0.0 |
0.0 |
0.0 |
738.9 |
|
Redempt.Bond |
-116.7 |
-115.2 |
- |
- |
-107.6 |
|
Pruch.Treas. |
-0.1 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Dividend Paid |
-10.9 |
-10.6 |
-10.3 |
-9.0 |
-29.4 |
|
Other |
-2.1 |
-1.7 |
-1.2 |
-0.8 |
-1.4 |
|
Cash from Financing Activities |
-187.6 |
-112.2 |
-56.6 |
-14.9 |
79.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-18.8 |
-11.6 |
-10.8 |
-3.5 |
-11.1 |
|
Net Change in Cash |
-272.8 |
-286.5 |
-162.5 |
-62.9 |
23.0 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
- |
481.0 |
469.4 |
453.5 |
426.4 |
|
Net Cash Ending Balance |
214.5 |
194.5 |
306.9 |
390.6 |
449.3 |
|
Cash Interest Paid |
74.7 |
64.1 |
37.3 |
26.0 |
41.2 |
|
Cash Taxes Paid |
10.3 |
10.0 |
2.1 |
10.9 |
-39.5 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.38 |
|
UK Pound |
1 |
Rs.74.01 |
|
Euro |
1 |
Rs.64.48 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.