MIRA INFORM REPORT
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Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
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Name : |
NIHON YAMAMURA GLASS CO., LTD. |
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Registered Office : |
2-21 Hamamatsubara-cho, Nishinomiya-shi, 662-8586 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
December 1941 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
manufacture and sale
of glass bottles and plastic containers |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Nihon Yamamura Glass Co., Ltd.
2-21 Hamamatsubara-cho
Nishinomiya-shi, 662-8586
Japan
Tel: 81-798-322300
Fax: 81-798-360725
Web: www.yamamura.co.jp
synthesis
Employees: 1,897
Company Type: Public Parent
Corporate Family: 2
Companies
Traded: Tokyo
Stock Exchange: 5210
Incorporation Date:
Dec-1941
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: Japanese
Yen
Annual Sales: 847.2
1
Net Income: 22.1
Total Assets: 1,142.8 2
Market Value: 287.1
(16-Sep-2011)
Business Description
Nihon Yamamura
Glass Co., Ltd. is a Japan-based company mainly engaged in the manufacture and
sale of glass bottles and plastic containers. It has five business segments.
The Glass Bottle segment manufactures and sells various glass bottles under the
names V-series and u-COAT, as well as ecology bottles, ceramic texture bottles
and pre-label bottles. The Plastic Container segment manufactures and sells
plastic bottles and caps. The Logistics-related segment is involved in the storage,
delivery and premise operation of its products. The New Glass-related segment
manufactures and sells glass for plasma display panels (PDPs), glass for
electric devices, glaze for alumina substrates and glass for sealing, among
others. The Others segment is engaged in the manufacture and sale of bottle
manufacturing equipment and carrier devices, the insurance agency business, the
manufacture and sale of metal molds for glass bottles, as well as the proposal
for advertising and sales promotion plans. For the three months ended 30 June
2011, Nihon Yamamura Glass Co., Ltd.'s revenues increased 1% to Y19.02B. The
Company's net income also increased 26% to Y792M. Revenues reflect higher sales
mainly from the new glass business and distribution segments. Higher net income
also benefited from lower percentage of selling, general and administrative
expenses, as well as increased dividend income and decreased interest expense.
Industry
Industry Containers and Packaging
ANZSIC 2006: 2010 - Glass and
Glass Product Manufacturing
NACE 2002: 2613 - Manufacture
of hollow glass
NAICS 2002: 327213 - Glass
Container Manufacturing
UK SIC 2003: 2613 - Manufacture
of hollow glass
US SIC 1987: 3221 - Glass
Containers
Key Executives
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Name |
Title |
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Koji Yamamura |
President, Chief Executive Officer, Chief Operating Officer,
Representative Director |
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Tatsuya Metori |
President of Glass Bottle Company, Director |
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Mitsuyoshi Kawamoto |
Executive Officer, Chief Director of Sales in Plastic Company,
Director of Tokyo Sales |
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Motokazu Hiraiwa |
Managing Executive Officer |
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Masao Igi |
Co-Auditor |
News
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Title |
Date |
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Yamamura
Glass 1Q Grp Net Pft Y792.00M Vs Y629.00M Pft Yr Earlier |
8-Aug-2011 |
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Yamamura
Glass FY Grp Net Pft Y1.89B Vs Y2.60B Pft Yr Earlier |
11-May-2011 |
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Yamamura
Glass Expects This FY Group Net Profit Y1.60B |
11-May-2011 |
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WIPO
ASSIGNS PATENT TO NIHON YAMAMURA GLASS FOR "GLASS COMPOSITION AND
CONDUCTOR-FORMING COMPOSITION USING SAME" (JAPANESE INVENTORS) |
9-May-2011 |
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Yamamura
Glass 1H Grp Net Pft Y1.69B Vs Y2.07B Pft Yr Earlier |
5-Nov-2010 |
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Financial Summary
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Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88
Corporate Overview
Location
2-21 Hamamatsubara-cho
Nishinomiya-shi, 662-8586
Japan
Tel: 81-798-322300
Fax: 81-798-360725
Web: www.yamamura.co.jp
Quote Symbol - Exchange
5210 - Tokyo Stock
Exchange
Sales JPY(mil): 72,600.0
Assets JPY(mil): 94,715.0
Employees: 1,897
Fiscal Year End: 31-Mar-2011
Industry: Containers
and Packaging
Incorporation Date: Dec-1941
Company Type: Public
Parent
Quoted Status: Quoted
President, Chief Executive
Officer, Chief Operating Officer,
Representative Director: Koji
Yamamura
Company Web Links
· Corporate History/Profile
· Executives
· Financial Information
· Home Page
· Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
5309 - Other Warehousing and Storage Services
6420 - Auxiliary Insurance Services
2010 - Glass and Glass Product Manufacturing
1912 - Rigid and Semi-Rigid Polymer Product Manufacturing
NACE 2002 Codes:
6720 - Activities auxiliary to insurance and pension funding
2613 - Manufacture of hollow glass
2522 - Manufacture of plastic packing goods
6312 - Storage and warehousing
2611 - Manufacture of flat glass
NAICS 2002 Codes:
327211 - Flat Glass Manufacturing
327213 - Glass Container Manufacturing
326160 - Plastics Bottle Manufacturing
524210 - Insurance Agencies and Brokerages
531130 - Lessors of Miniwarehouses and Self-Storage Units
US SIC 1987:
3085 - Plastics Bottles
4225 - General Warehousing and Storage
3211 - Flat Glass
6411 - Insurance Agents, Brokers, and Service
3221 - Glass Containers
UK SIC 2003:
6720 - Activities auxiliary to insurance and pension funding
2613 - Manufacture of hollow glass
2522 - Manufacture of plastic packing goods
63129 - Other storage and warehousing not elsewhere classified
2611 - Manufacture of flat glass
Business
Description
Nihon Yamamura
Glass Co., Ltd. is a Japan-based company mainly engaged in the manufacture and
sale of glass bottles and plastic containers. It has five business segments.
The Glass Bottle segment manufactures and sells various glass bottles under the
names V-series and u-COAT, as well as ecology bottles, ceramic texture bottles
and pre-label bottles. The Plastic Container segment manufactures and sells
plastic bottles and caps. The Logistics-related segment is involved in the
storage, delivery and premise operation of its products. The New Glass-related
segment manufactures and sells glass for plasma display panels (PDPs), glass
for electric devices, glaze for alumina substrates and glass for sealing, among
others. The Others segment is engaged in the manufacture and sale of bottle
manufacturing equipment and carrier devices, the insurance agency business, the
manufacture and sale of metal molds for glass bottles, as well as the proposal
for advertising and sales promotion plans. For the three months ended 30 June
2011, Nihon Yamamura Glass Co., Ltd.'s revenues increased 1% to Y19.02B. The
Company's net income also increased 26% to Y792M. Revenues reflect higher sales
mainly from the new glass business and distribution segments. Higher net income
also benefited from lower percentage of selling, general and administrative
expenses, as well as increased dividend income and decreased interest expense.
More Business
Descriptions
· Manufacture and sale of glass bottles, plastic containers and plastic closures
· Glass and Glass Product Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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Nihon Yamamura
Glass Co., Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Nishinomiya-shi |
Japan |
Containers and Packaging |
847.2 |
1,897 |
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Branch |
Nishinomiya |
Japan |
Personal and Household Products |
1.0 |
70 |
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Executive report
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Board of
Directors |
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Independent Director |
Director/Board Member |
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President of Glass Bottle Company, Director |
Director/Board Member |
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Senior Managing Director |
Director/Board Member |
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President of Plastic Company, Director |
Director/Board Member |
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President, Chief Executive Officer, Chief Operating Officer,
Representative Director |
Director/Board Member |
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Executives |
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President, Chief Executive Officer, Chief Operating Officer,
Representative Director |
Chief Executive Officer |
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President of Glass Bottle Company, Director |
President |
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President of Plastic Company, Director |
President |
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Co-Executive Officer |
Division Head Executive |
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Co-Executive Officer |
Division Head Executive |
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Senior Managing Director |
Managing Director |
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Co-Senior Managing Director |
Managing Director |
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Co-Executive Officer-Production & Environment |
Environment/Safety Executive |
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Executive Officer-Management |
Administration Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Chief Accounting Officer |
Accounting Executive |
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Executive Officer, Chief Director of Sales in Plastic Company,
Director of Tokyo Sales |
Sales Executive |
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Executive Officer, Chief Director of Sales in Glass Bottle Company,
Director of Western Sales |
Sales Executive |
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Executive Officer, Chief Director of Sales in Glass Bottle Company,
Director of Eastern Sales |
Sales Executive |
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Manager-General Affairs |
Corporate Communications Executive |
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Executive Officer-Public Relations |
Public Relations Executive |
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Executive Officer-Products |
Product Management Executive |
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Managing Executive Officer |
Other |
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Executive Officer, Manager of Environment Office |
Other |
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Executive Officer, Chief Director of Corporate, Director of General
Affairs and Accounting |
Other |
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Executive Officer, Manager of Research and Development Center |
Other |
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Executive Officer, Chief Director of Production in Plastic Company |
Other |
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Executive Officer, Chief Director of Production in Glass Bottle
Company |
Other |
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Significant Developments
There were no significant developments matching your query for KeyID
91725
Press clippings
Yamamura Glass
Expects This FY Group Net Profit Y1.60B
Nikkei English
News: 08 August 2011
[What follows is
the full text of the news story.]
Nihon Yamamura Glass Co. also released the following forecasts:
GROUP 1st Half To Year Ending
Sep 2011Mar 2012
Revenue Y38.00 blnY75.00 bln
Operating Profit 1.25 bln 2.55 bln
Pretax Profit 1.35 bln 2.80 bln
Net Profit 700.00 mln 1.60 bln
Per share
Earnings 6.66 15.23
Results are based on Japanese accounting standards.
Yamamura Glass 1Q
Grp Net Pft Y792.00M Vs Y629.00M Pft Yr Earlier
Nikkei English
News: 08 August 2011
[What follows is
the full text of the news story.]
Nihon Yamamura Glass Co. (5210.TO)
Japan
1st Quarter Ended June 30
GROUP 2011 2010
Revenue Y19.02 blnY18.83 bln
Operating Profit 1.16 bln 927.00 mln
Pretax Profit 1.30 bln 1.05 bln
Net Profit 792.00 mln 629.00 mln
Per share
Earnings 7.54 6.00
Results are based on Japanese accounting standards.
Yamamura Glass FY
Grp Net Pft Y1.89B Vs Y2.60B Pft Yr Earlier
Nikkei English
News: 11 May 2011
[What follows is
the full text of the news story.]
Nihon Yamamura Glass Co. (5210.TO)
Japan
Year Ended March 31
Group 2011 2010
Revenue Y72.60 blnY72.78 bln
Operating Profit 2.67 bln 3.32 bln
Pretax Profit 3.06 bln 3.77 bln
Net Profit 1.89 bln 2.60 bln
Per share
Earnings 17.97 24.79
Results are based on Japanese accounting standards.
Yamamura Glass
Expects This FY Group Net Profit Y1.60B
Nikkei English
News: 11 May 2011
[What follows is
the full text of the news story.]
Nihon Yamamura Glass Co. also released the following forecasts:
GROUP 1st Half To Year Ending
Sep 2011Mar 2012
Revenue Y38.00 blnY75.00 bln
Operating Profit 1.25 bln 2.55 bln
Pretax Profit 1.35 bln 2.80 bln
Net Profit 700.00 mln 1.60 bln
Per share
Earnings 6.66 15.23
Results are based on Japanese accounting standards.
Yamamura Glass
Expects This FY Group Net Profit Y2.00B
Nikkei English
News: 07 February 2011
[What follows is
the full text of the news story.]
Nihon Yamamura Glass Co. also released the following forecasts:
GROUP Year Ending
Mar 2011
Revenue Y73.00 bln
Operating Profit 2.90 bln
Pretax Profit 3.20 bln
Net Profit 2.00 bln
Per share
Earnings 19.04
Yamamura Glass 1H
Grp Net Pft Y1.69B Vs Y2.07B Pft Yr Earlier
Nikkei English
News: 05 November 2010
[What follows is
the full text of the news story.]
Nihon Yamamura Glass Co. (5210.TO)
Japan
1st Half Ended September 30
GROUP 2010 2009
Revenue Y38.39 blnY38.65 bln
Operating Profit 1.95 bln 2.37 bln
Pretax Profit 2.18 bln 3.05 bln
Net Profit 1.69 bln 2.07 bln
Per share
Earnings 16.04 19.73
Results are based on Japanese accounting standards.
Yamamura Glass
Expects This FY Group Net Profit Y2.00B
Nikkei English
News: 05 November 2010
[What follows is
the full text of the news story.]
Nihon Yamamura Glass Co. also released the following forecasts:
GROUP Year Ending
Mar 2011
Revenue Y73.00 bln
Operating Profit 2.90 bln
Pretax Profit 3.20 bln
Net Profit 2.00 bln
Per share
Earnings 19.04
Nihon Yamamura
Glass Co Ltd(C) (5210C) Weekly Earnings Information
Nelson Information
- Weekly Non-Domestic: 29 October 2010
[What follows is
the full text of the news story.]
Company: Nihon Yamamura Glass Co Ltd(C) (5210C)
Country: Japan
Actual EPS for FY End (3/2010): NA
Current FY High EPS Estimate: 20.30
Current FY Low EPS Estimate: 20.30
Current FY Consensus Estimate: 20.30
Change From Previous Consensus Estimate: 0.00
Current P/E Ratio: 10.49
P/E Ratio for Next FY: 7.01
Estimates/Ratios reported in Yen.
http://www.thomsonfinancial.com
Nihon Yamamura
Glass Co Ltd(C) (5210C) Weekly Earnings Information
Nelson Information
- Weekly Non-Domestic: 22 October 2010
[What follows is
the full text of the news story.]
Company: Nihon Yamamura Glass Co Ltd(C) (5210C)
Country: Japan
Actual EPS for FY End (3/2010): NA
Current FY High EPS Estimate: 20.30
Current FY Low EPS Estimate: 20.30
Current FY Consensus Estimate: 20.30
Change From Previous Consensus Estimate: 0.00
Current P/E Ratio: 10.20
P/E Ratio for Next FY: 6.81
Nihon Yamamura
Glass Co. Ltd. Files Patent Application for Method for Preparation of Forming
Mold Having Baked Layer of Lubricating Mold Releasing Agent
Indian Patent News
31 January 2011
[What follows is
the full text of the article.]
New Delhi, Jan. 31
-- Japan based Nihon Yamamura Glass Co. Ltd. filed patent application for
method for preparation of forming mold having baked layer of lubricating mold
releasing agent. The inventors are Ueda Mitsuo, Ohno Taro, Yasuda Mitsuhiro and
Miyazaki Manabu.
Nihon Yamamura
Glass Co. Ltd. filed the patent application on Jan. 31, 2007. The patent
application number is 344/KOLNP/2007 A. The international classification number
is C03B40/02.
According to the
Controller General of Patents, Designs & Trade Marks, "Disclosed is a
method for preparation of a glass forming mold having a layer of a lubricating
mold-releasing agent with reduced fluctuation in lubricating property, by baking
the layer of the lubricating mold-releasing agent in a manner that prevents
defects like blistering or peeling of the layer, or surface roughening. The
method is a method for preparation of a glass forming mold having a baked layer
of a lubricating mold-releasing agent on the mold surface thereof, wherein the
method comprises heating the mold surface with an applied lubricating
mold-releasing agent thereon by exposing the mold surface to a high frequency
magnetic flux until the temperature of the mold surface reaches a predetermined
baking temperature."
Nihon Yamamura
Glass Co., Ltd. manufactures and sells glass bottles, plastic containers, and
related equipment in Japan and internationally. The company primarily offers
various types of bottles, and self-adhesive and shrink labels; bottle caps and
PET bottles; glass for plasma display panels, low temperature co-firing ceramic
substrates, and alumina substrate; powdered glass, glass paste, glass rings,
and glass rods for sealing and adhesion of metals, alumina, glass, and silicon;
binder glass; glass paste and powder for HIC and over-coating for chip
resistance; and glass paste and powder for alumina, metal, and ceramic
insulation layers. It also engages in the design, production, and sale of glass
bottle production machinery, inspection machinery, and peripheral equipment.
Nihon Yamamura Glass Co., Ltd. was founded in 1914 and is headquartered in
Hyogo, Japan.
Indian Patent News
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Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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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 |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
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|
Net Sales |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
Revenue |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
Total Revenue |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
|
|
|
|
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|
|
Cost of Revenue |
677.3 |
622.8 |
603.3 |
533.1 |
505.5 |
|
Cost of Revenue, Total |
677.3 |
622.8 |
603.3 |
533.1 |
505.5 |
|
Gross Profit |
169.9 |
160.3 |
127.5 |
125.8 |
125.6 |
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Selling/General/Administrative Expense |
108.7 |
98.2 |
91.7 |
81.3 |
79.6 |
|
Labor & Related Expense |
27.2 |
23.2 |
19.5 |
17.4 |
17.0 |
|
Total Selling/General/Administrative Expenses |
135.9 |
121.4 |
111.2 |
98.7 |
96.6 |
|
Depreciation |
3.3 |
3.5 |
2.6 |
3.9 |
3.1 |
|
Depreciation/Amortization |
3.3 |
3.5 |
2.6 |
3.9 |
3.1 |
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Impairment-Assets Held for Use |
0.5 |
3.7 |
2.2 |
6.3 |
3.9 |
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Impairment-Assets Held for Sale |
0.0 |
0.3 |
0.1 |
0.0 |
0.0 |
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Other Unusual Expense (Income) |
2.0 |
0.6 |
3.1 |
-1.3 |
-0.8 |
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Unusual Expense (Income) |
2.5 |
4.6 |
5.4 |
5.0 |
3.0 |
|
Total Operating Expense |
819.0 |
752.4 |
722.5 |
640.8 |
608.2 |
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Operating Income |
28.2 |
30.7 |
8.3 |
18.2 |
22.9 |
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|
|
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Interest Expense -
Non-Operating |
-4.4 |
-4.4 |
-4.3 |
-2.3 |
-1.9 |
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Interest Expense, Net Non-Operating |
-4.4 |
-4.4 |
-4.3 |
-2.3 |
-1.9 |
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Interest Income -
Non-Operating |
0.1 |
0.0 |
0.1 |
0.1 |
0.0 |
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Investment Income -
Non-Operating |
9.8 |
9.0 |
4.0 |
1.5 |
2.5 |
|
Interest/Investment Income - Non-Operating |
9.8 |
9.0 |
4.1 |
1.6 |
2.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
5.5 |
4.6 |
-0.1 |
-0.7 |
0.6 |
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Gain (Loss) on Sale of Assets |
0.2 |
11.1 |
0.0 |
0.4 |
0.0 |
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Other Non-Operating Income (Expense) |
0.1 |
0.6 |
2.0 |
2.1 |
3.5 |
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Other, Net |
0.1 |
0.6 |
2.0 |
2.1 |
3.5 |
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Income Before Tax |
33.9 |
47.0 |
10.2 |
20.0 |
27.0 |
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Total Income Tax |
11.8 |
18.9 |
4.9 |
6.0 |
11.2 |
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Income After Tax |
22.1 |
28.1 |
5.3 |
14.0 |
15.8 |
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Minority Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Net Income Before Extraord Items |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
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Net Income |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
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Miscellaneous Earnings Adjustment |
-0.1 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
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Total Adjustments to Net Income |
-0.1 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Basic EPS Excl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Basic/Primary EPS Incl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
Diluted Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Diluted EPS Excl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Diluted EPS Incl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Dividends per Share - Common Stock Primary Issue |
0.08 |
0.08 |
0.06 |
0.05 |
0.06 |
|
Gross Dividends - Common Stock |
8.0 |
8.5 |
6.4 |
5.8 |
6.2 |
|
Interest Expense, Supplemental |
4.4 |
4.4 |
4.3 |
2.3 |
1.9 |
|
Depreciation, Supplemental |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Total Special Items |
2.4 |
-6.4 |
5.4 |
4.6 |
3.0 |
|
Normalized Income Before Tax |
36.3 |
40.6 |
15.6 |
24.6 |
30.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.8 |
-2.6 |
2.6 |
1.4 |
1.2 |
|
Inc Tax Ex Impact of Sp Items |
12.6 |
16.3 |
7.5 |
7.4 |
12.5 |
|
Normalized Income After Tax |
23.7 |
24.3 |
8.1 |
17.2 |
17.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
23.6 |
24.2 |
8.0 |
17.1 |
17.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Diluted Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Rental Expenses |
2.0 |
2.8 |
3.2 |
3.1 |
2.8 |
|
Research & Development Exp, Supplemental |
5.7 |
5.1 |
4.8 |
4.1 |
3.7 |
|
Reported Operating Profit |
31.1 |
35.7 |
14.9 |
26.0 |
27.9 |
|
Reported Ordinary Profit |
35.7 |
40.6 |
15.7 |
24.1 |
29.2 |
|
Normalized EBIT |
30.8 |
35.3 |
13.7 |
23.2 |
26.0 |
|
Normalized EBITDA |
86.8 |
89.3 |
69.6 |
70.6 |
65.2 |
|
Interest Cost - Domestic |
1.8 |
1.5 |
1.6 |
1.5 |
1.6 |
|
Service Cost - Domestic |
3.9 |
3.4 |
3.3 |
2.9 |
3.2 |
|
Prior Service Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Expected Return on Assets - Domestic |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
|
Actuarial Gains and Losses - Domestic |
2.2 |
2.0 |
1.8 |
1.5 |
1.5 |
|
Other Pension, Net - Domestic |
1.2 |
1.3 |
1.5 |
1.1 |
1.2 |
|
Domestic Pension Plan Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
Total Pension Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
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 |
1.8 |
1.5 |
1.6 |
1.5 |
1.6 |
|
Total Plan Service Cost |
3.9 |
3.4 |
3.3 |
2.9 |
3.2 |
|
Total Plan Expected Return |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
|
Total Plan Other Expense |
1.2 |
1.3 |
1.5 |
1.1 |
1.2 |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
146.1 |
135.4 |
83.0 |
93.1 |
67.1 |
|
Cash and Short Term Investments |
146.1 |
135.4 |
83.0 |
93.1 |
67.1 |
|
Accounts Receivable -
Trade, Gross |
231.5 |
205.3 |
189.2 |
202.7 |
168.1 |
|
Provision for Doubtful
Accounts |
-0.4 |
-0.4 |
-0.4 |
-0.2 |
-0.1 |
|
Trade Accounts Receivable - Net |
231.1 |
204.9 |
188.8 |
202.5 |
168.0 |
|
Total Receivables, Net |
231.1 |
204.9 |
188.8 |
202.5 |
168.0 |
|
Inventories - Finished Goods |
69.5 |
61.5 |
72.8 |
65.0 |
- |
|
Inventories - Work In Progress |
4.6 |
3.2 |
5.4 |
2.5 |
- |
|
Inventories - Raw Materials |
24.4 |
18.2 |
15.6 |
17.2 |
- |
|
Total Inventory |
98.6 |
83.0 |
93.8 |
84.8 |
73.2 |
|
Prepaid Expenses |
1.5 |
1.1 |
1.3 |
1.2 |
0.7 |
|
Deferred Income Tax - Current Asset |
6.4 |
6.9 |
4.2 |
4.8 |
4.4 |
|
Other Current Assets |
12.4 |
4.1 |
4.6 |
9.7 |
5.9 |
|
Other Current Assets, Total |
18.7 |
11.1 |
8.7 |
14.4 |
10.3 |
|
Total Current Assets |
496.0 |
435.4 |
375.7 |
395.9 |
319.2 |
|
|
|
|
|
|
|
|
Buildings |
409.7 |
331.6 |
304.3 |
303.7 |
261.7 |
|
Land/Improvements |
136.6 |
119.3 |
114.3 |
112.9 |
101.9 |
|
Machinery/Equipment |
1,045.2 |
893.4 |
845.2 |
821.3 |
701.7 |
|
Construction in
Progress |
2.9 |
3.3 |
5.3 |
3.7 |
4.5 |
|
Property/Plant/Equipment - Gross |
1,594.4 |
1,347.5 |
1,269.1 |
1,241.6 |
1,069.8 |
|
Accumulated Depreciation |
-1,205.5 |
-999.1 |
-916.4 |
-873.8 |
-731.1 |
|
Property/Plant/Equipment - Net |
389.0 |
348.4 |
352.7 |
367.8 |
338.8 |
|
Intangibles, Net |
5.2 |
4.0 |
4.3 |
3.4 |
3.3 |
|
LT Investment - Affiliate Companies |
184.8 |
175.3 |
137.0 |
181.7 |
40.6 |
|
LT Investments - Other |
30.8 |
33.6 |
29.6 |
40.2 |
40.5 |
|
Long Term Investments |
215.6 |
208.8 |
166.6 |
222.0 |
81.1 |
|
Note Receivable - Long Term |
4.4 |
0.3 |
0.4 |
0.2 |
0.1 |
|
Deferred Income Tax - Long Term Asset |
26.6 |
26.0 |
31.4 |
27.8 |
21.2 |
|
Other Long Term Assets |
6.0 |
9.7 |
9.8 |
9.7 |
7.5 |
|
Other Long Term Assets, Total |
32.6 |
35.7 |
41.2 |
37.5 |
28.7 |
|
Total Assets |
1,142.8 |
1,032.8 |
940.8 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
87.0 |
80.9 |
70.6 |
84.4 |
69.9 |
|
Accrued Expenses |
22.1 |
22.2 |
17.2 |
20.4 |
15.6 |
|
Notes Payable/Short Term Debt |
35.6 |
29.7 |
27.9 |
23.9 |
50.8 |
|
Current Portion - Long Term Debt/Capital Leases |
26.0 |
43.6 |
35.3 |
20.1 |
- |
|
Income Taxes Payable |
2.2 |
13.7 |
1.4 |
2.3 |
5.7 |
|
Other Payables |
34.4 |
15.6 |
16.3 |
31.1 |
12.1 |
|
Other Current Liabilities |
4.0 |
0.7 |
2.8 |
3.0 |
20.4 |
|
Other Current liabilities, Total |
40.6 |
30.1 |
20.5 |
36.4 |
38.2 |
|
Total Current Liabilities |
211.2 |
206.5 |
171.5 |
185.2 |
174.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
221.8 |
189.2 |
195.4 |
212.3 |
66.7 |
|
Capital Lease Obligations |
1.6 |
1.0 |
1.4 |
- |
- |
|
Total Long Term Debt |
223.4 |
190.3 |
196.8 |
212.3 |
66.7 |
|
Total Debt |
285.0 |
263.6 |
260.0 |
256.3 |
117.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.5 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Reserves |
47.2 |
44.6 |
37.6 |
30.4 |
25.9 |
|
Pension Benefits - Underfunded |
42.8 |
34.9 |
35.7 |
39.0 |
36.2 |
|
Other Long Term Liabilities |
4.1 |
4.4 |
4.8 |
3.3 |
4.8 |
|
Other Liabilities, Total |
94.1 |
83.9 |
78.1 |
72.7 |
66.9 |
|
Total Liabilities |
529.3 |
481.1 |
446.8 |
470.6 |
308.5 |
|
|
|
|
|
|
|
|
Common Stock |
169.8 |
150.6 |
142.5 |
141.4 |
119.2 |
|
Common Stock |
169.8 |
150.6 |
142.5 |
141.4 |
119.2 |
|
Additional Paid-In Capital |
208.7 |
185.1 |
175.2 |
173.8 |
146.5 |
|
Retained Earnings (Accumulated Deficit) |
309.7 |
269.9 |
235.8 |
235.4 |
191.1 |
|
Treasury Stock - Common |
-14.7 |
-13.0 |
-12.2 |
-0.9 |
-0.6 |
|
Unrealized Gain (Loss) |
-0.1 |
2.3 |
0.6 |
7.7 |
10.7 |
|
Translation Adjustment |
-59.9 |
-43.3 |
-47.8 |
-1.3 |
-4.3 |
|
Other Equity, Total |
-59.9 |
-43.3 |
-47.8 |
-1.3 |
-4.3 |
|
Total Equity |
613.5 |
551.6 |
494.1 |
556.2 |
462.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,142.8 |
1,032.7 |
940.9 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
105.0 |
105.1 |
105.1 |
111.1 |
111.2 |
|
Total Common Shares Outstanding |
105.0 |
105.1 |
105.1 |
111.1 |
111.2 |
|
Treasury Shares - Common Stock Primary Issue |
6.4 |
6.4 |
6.4 |
0.3 |
0.3 |
|
Employees |
1,897 |
1,809 |
1,828 |
1,850 |
1,879 |
|
Number of Common Shareholders |
8,729 |
8,794 |
9,329 |
9,937 |
10,363 |
|
Total Long Term Debt, Supplemental |
247.6 |
231.5 |
229.1 |
232.4 |
97.4 |
|
Long Term Debt Maturing within 1 Year |
25.5 |
42.3 |
33.7 |
20.1 |
30.7 |
|
Long Term Debt Maturing in Year 2 |
39.3 |
22.5 |
40.0 |
33.5 |
16.9 |
|
Long Term Debt Maturing in Year 3 |
24.3 |
34.8 |
21.3 |
39.7 |
19.7 |
|
Long Term Debt Maturing in Year 4 |
124.8 |
21.4 |
32.9 |
16.1 |
25.0 |
|
Long Term Debt Maturing in Year 5 |
33.8 |
110.6 |
20.2 |
32.7 |
5.1 |
|
Long Term Debt Maturing in 2-3 Years |
63.6 |
57.3 |
61.3 |
73.1 |
36.7 |
|
Long Term Debt Maturing in 4-5 Years |
158.6 |
132.0 |
53.2 |
48.7 |
30.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
81.0 |
90.4 |
0.0 |
|
Total Capital Leases, Supplemental |
2.2 |
2.4 |
3.0 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.6 |
1.3 |
1.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.5 |
0.4 |
1.1 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.3 |
0.2 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.1 |
0.1 |
0.0 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.9 |
0.7 |
1.3 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.4 |
0.4 |
0.1 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.3 |
0.0 |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
92.8 |
74.8 |
73.5 |
79.4 |
73.3 |
|
Plan Assets - Domestic |
46.5 |
35.2 |
30.9 |
32.2 |
29.4 |
|
Funded Status - Domestic |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
Total Funded Status |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
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% |
|
Accrued Liabilities - Domestic |
-42.8 |
-34.9 |
-35.7 |
-39.0 |
-36.2 |
|
Other Assets, Net - Domestic |
3.5 |
4.7 |
6.9 |
8.2 |
7.6 |
|
Net Assets Recognized on Balance Sheet |
-39.3 |
-30.3 |
-28.7 |
-30.8 |
-28.6 |
|
Total Plan Obligations |
92.8 |
74.8 |
73.5 |
79.4 |
73.3 |
|
Total Plan Assets |
46.5 |
35.2 |
30.9 |
32.2 |
29.4 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
33.9 |
47.0 |
10.1 |
19.9 |
27.0 |
|
Depreciation |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Depreciation/Depletion |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Unusual Items |
-3.4 |
-6.6 |
2.3 |
6.2 |
3.2 |
|
Equity in Net Earnings (Loss) |
-8.4 |
-8.4 |
-3.2 |
-1.0 |
-1.6 |
|
Other Non-Cash Items |
-2.3 |
5.2 |
6.8 |
-2.4 |
-5.9 |
|
Non-Cash Items |
-14.1 |
-9.7 |
6.0 |
2.7 |
-4.3 |
|
Accounts Receivable |
9.1 |
-7.8 |
15.6 |
-2.4 |
-12.9 |
|
Inventories |
0.2 |
16.3 |
-8.3 |
1.8 |
3.9 |
|
Accounts Payable |
0.4 |
5.6 |
-14.8 |
0.8 |
-4.1 |
|
Accrued Expenses |
0.3 |
1.9 |
-1.8 |
-0.5 |
0.4 |
|
Other Operating Cash Flow |
-30.8 |
0.7 |
-6.5 |
-6.0 |
-5.1 |
|
Changes in Working Capital |
-21.0 |
16.6 |
-15.8 |
-6.2 |
-17.9 |
|
Cash from Operating Activities |
54.8 |
107.8 |
56.2 |
63.8 |
44.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-31.6 |
-34.4 |
-48.7 |
-29.7 |
-43.6 |
|
Purchase/Acquisition of Intangibles |
-1.5 |
-0.9 |
-1.0 |
-0.8 |
-1.1 |
|
Capital Expenditures |
-33.2 |
-35.4 |
-49.7 |
-30.4 |
-44.7 |
|
Acquisition of Business |
-7.0 |
0.0 |
- |
- |
- |
|
Sale of Fixed Assets |
0.5 |
14.2 |
0.0 |
3.5 |
4.9 |
|
Sale/Maturity of Investment |
9.5 |
1.5 |
7.5 |
0.9 |
2.3 |
|
Purchase of Investments |
-4.1 |
-20.6 |
-4.0 |
-120.5 |
-7.7 |
|
Other Investing Cash Flow |
-5.1 |
0.0 |
- |
- |
- |
|
Other Investing Cash Flow Items, Total |
-6.2 |
-4.9 |
3.6 |
-116.2 |
-0.5 |
|
Cash from Investing Activities |
-39.3 |
-40.3 |
-46.1 |
-146.6 |
-45.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Financing Cash Flow Items |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-8.6 |
-7.3 |
-6.6 |
-6.3 |
-6.2 |
|
Total Cash Dividends Paid |
-8.6 |
-7.3 |
-6.6 |
-6.3 |
-6.2 |
|
Common Stock, Net |
0.0 |
-0.1 |
-11.1 |
-0.1 |
-0.1 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
-0.1 |
-11.1 |
-0.1 |
-0.1 |
|
Short Term Debt, Net |
2.1 |
0.2 |
3.8 |
0.0 |
12.1 |
|
Long Term Debt Issued |
32.5 |
21.5 |
14.9 |
132.6 |
5.1 |
|
Long Term Debt
Reduction |
-47.6 |
-34.0 |
-21.6 |
-31.7 |
-18.8 |
|
Long Term Debt, Net |
-15.1 |
-12.5 |
-6.6 |
100.9 |
-13.7 |
|
Issuance (Retirement) of Debt, Net |
-13.0 |
-12.3 |
-2.8 |
100.9 |
-1.6 |
|
Cash from Financing Activities |
-21.7 |
-19.7 |
-20.6 |
94.5 |
-7.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-6.4 |
47.9 |
-10.6 |
11.7 |
-9.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
147.6 |
88.2 |
92.2 |
69.3 |
76.7 |
|
Net Cash - Ending Balance |
141.3 |
136.1 |
81.6 |
81.1 |
67.7 |
|
Cash Interest Paid |
4.4 |
4.3 |
4.4 |
2.1 |
1.9 |
|
Cash Taxes Paid |
22.1 |
2.0 |
4.4 |
10.3 |
1.9 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net sales |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
Total Revenue |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
677.3 |
622.8 |
602.7 |
533.1 |
505.5 |
|
Packing & freight-out costs |
52.1 |
47.6 |
45.7 |
40.4 |
39.5 |
|
Traveling Expense |
4.7 |
3.8 |
3.0 |
2.7 |
2.4 |
|
Provision for doubtful accts |
0.0 |
0.1 |
0.0 |
0.0 |
0.2 |
|
Payrolls |
18.1 |
15.1 |
13.4 |
11.4 |
11.0 |
|
Provision for bonuses |
2.3 |
1.8 |
1.2 |
1.3 |
1.2 |
|
Prov. for dir's bonuses |
0.6 |
0.8 |
0.1 |
0.5 |
0.6 |
|
Periodic retire. benefits |
1.9 |
2.0 |
1.8 |
1.5 |
1.6 |
|
Prov. for dir's retire. benefits |
- |
- |
- |
0.0 |
0.0 |
|
Welfare exp |
4.3 |
3.6 |
3.0 |
2.8 |
2.5 |
|
Rent Expense |
2.0 |
2.8 |
3.2 |
3.1 |
2.8 |
|
Storage revenue |
13.6 |
13.0 |
12.7 |
11.5 |
11.6 |
|
Taxes, other than income taxes |
1.6 |
2.0 |
1.3 |
1.1 |
1.2 |
|
Supplies |
7.5 |
7.1 |
6.1 |
5.8 |
5.7 |
|
Depreciation |
2.9 |
3.1 |
2.0 |
1.1 |
1.0 |
|
Other SGA |
27.1 |
21.8 |
19.6 |
16.6 |
16.3 |
|
SP Reversal-Allow/Repair |
- |
- |
0.0 |
-0.1 |
0.0 |
|
SP G on Negatice Goodwill |
-3.9 |
0.0 |
- |
- |
- |
|
SP Reversal Gain on Allow.Doubt.Account |
-0.1 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
SP Subsidies income |
- |
- |
0.0 |
-1.1 |
0.0 |
|
SP G on insurance adjustment |
- |
- |
- |
0.0 |
-0.8 |
|
SP G on reversal of dir. bonuses |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP G on Termination of Pension Plan |
- |
- |
- |
- |
0.0 |
|
SP Loss on disaster |
3.9 |
0.0 |
- |
- |
- |
|
SP Reserve for disaster loss |
2.0 |
0.0 |
- |
- |
- |
|
SP Loss on Retire. of Fixed Assets |
0.5 |
3.7 |
1.7 |
2.0 |
3.5 |
|
SP Impairment Loss |
- |
- |
0.0 |
3.6 |
0.0 |
|
SP Loss on Val. of LT Inv't. Secs. |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
SP L on Compensation |
0.0 |
0.6 |
0.4 |
0.0 |
- |
|
SP L on val. of inventories |
- |
0.0 |
0.6 |
0.0 |
- |
|
SP L on valuation of affiliated sec. |
- |
0.0 |
0.1 |
0.0 |
- |
|
SP Pro. for affiliated Doubtful Accounts |
- |
0.0 |
0.3 |
0.0 |
- |
|
SP Additional Retirement Plan |
- |
- |
- |
- |
0.0 |
|
SP Loss on Product Warranties |
- |
0.0 |
2.5 |
0.0 |
0.0 |
|
NOP Loss Retirement of Mold |
- |
- |
0.5 |
0.6 |
0.4 |
|
NOP Amortization of Unused Assets |
- |
- |
0.0 |
2.1 |
2.1 |
|
NOP Depreciation |
0.4 |
0.5 |
0.6 |
0.7 |
- |
|
Total Operating Expense |
819.0 |
752.4 |
722.5 |
640.8 |
608.2 |
|
|
|
|
|
|
|
|
NOP Interest Income |
0.1 |
0.0 |
0.1 |
0.1 |
0.0 |
|
NOP Dividends Received |
0.8 |
0.6 |
0.8 |
0.8 |
0.5 |
|
NOP Rental Income |
0.9 |
0.9 |
0.8 |
0.8 |
0.8 |
|
NOP Equity Earnings |
8.4 |
8.4 |
3.2 |
1.0 |
1.6 |
|
NOP Metal Mold |
- |
- |
0.5 |
0.8 |
0.5 |
|
NOP Product.Warranty compensation |
- |
- |
0.7 |
0.6 |
0.6 |
|
NOP Insurance Income |
- |
- |
- |
- |
0.0 |
|
NOP Compensation received |
0.4 |
0.8 |
1.2 |
0.0 |
- |
|
NOP Other Non-Operating Income |
2.1 |
1.8 |
0.7 |
1.0 |
1.9 |
|
NOP Interest Expenses |
-4.4 |
-4.4 |
-4.3 |
-2.3 |
-1.9 |
|
NOP Commission cost |
- |
- |
0.0 |
-0.8 |
0.0 |
|
NOP Taxes, other than income taxes |
-1.6 |
-1.4 |
-1.4 |
0.0 |
- |
|
NOP Other Non-Operating Expenses |
-1.8 |
-1.5 |
-0.4 |
-0.4 |
-0.4 |
|
SP Gain on Sale of Fixed Assets |
0.2 |
11.1 |
0.0 |
0.4 |
0.0 |
|
SP Gain on Sale of LT Inv't. Secs. |
0.5 |
0.0 |
0.0 |
0.1 |
0.4 |
|
SP L on extinguish of tying stock |
- |
- |
0.0 |
-0.3 |
0.0 |
|
SP L on sale of affiliated securities |
- |
- |
0.0 |
-0.1 |
0.0 |
|
SP Loss-sale of LT investment secs. |
0.0 |
-0.1 |
0.0 |
- |
- |
|
SP Loss on Sale of Fixed Assets |
- |
- |
- |
- |
0.0 |
|
Net Income Before Taxes |
33.9 |
47.0 |
10.2 |
20.0 |
27.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
11.8 |
18.9 |
4.9 |
6.0 |
11.2 |
|
Net Income After Taxes |
22.1 |
28.1 |
5.3 |
14.0 |
15.8 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
|
Net Income |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Earning Adjustment |
-0.1 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Basic EPS Including ExtraOrdinary Item |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
Diluted Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Diluted EPS Excluding ExtraOrd Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Diluted EPS Including ExtraOrd Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
DPS-Common Stock |
0.08 |
0.08 |
0.06 |
0.05 |
0.06 |
|
Gross Dividends - Common Stock |
8.0 |
8.5 |
6.4 |
5.8 |
6.2 |
|
Normalized Income Before Taxes |
36.3 |
40.6 |
15.6 |
24.6 |
30.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
12.6 |
16.3 |
7.5 |
7.4 |
12.5 |
|
Normalized Income After Taxes |
23.7 |
24.3 |
8.1 |
17.2 |
17.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
23.6 |
24.2 |
8.0 |
17.1 |
17.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Diluted Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Interest Expense |
4.4 |
4.4 |
4.3 |
2.3 |
1.9 |
|
R & D (SGA & COGS) |
5.7 |
5.1 |
4.8 |
4.1 |
3.7 |
|
Rental Expense |
2.0 |
2.8 |
3.2 |
3.1 |
2.8 |
|
Depreciation |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Reported Operating Profit |
31.1 |
35.7 |
14.9 |
26.0 |
27.9 |
|
Reported Ordinary Profit |
35.7 |
40.6 |
15.7 |
24.1 |
29.2 |
|
Service cost |
3.9 |
3.4 |
3.3 |
2.9 |
3.2 |
|
Interest cost |
1.8 |
1.5 |
1.6 |
1.5 |
1.6 |
|
Expected return on plan assets |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
|
Actuarial gains and losses |
2.2 |
2.0 |
1.8 |
1.5 |
1.5 |
|
Prior service cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Additional Retire. Benefits, Nonrecurr. |
1.2 |
1.3 |
1.5 |
1.1 |
1.2 |
|
Domestic Pension Plan Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
Total Pension Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Plan asset expected rate of return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
146.1 |
135.4 |
83.0 |
93.1 |
67.1 |
|
Accounts & Notes Receivable, Gross |
231.5 |
205.3 |
189.2 |
202.7 |
168.1 |
|
Inventory |
- |
- |
- |
- |
73.2 |
|
Inventories - merchandise&finished goods |
69.5 |
61.5 |
72.8 |
65.0 |
- |
|
Inventories - work-in-process |
4.6 |
3.2 |
5.4 |
2.5 |
- |
|
Inventories - raw materials & supplies |
24.4 |
18.2 |
15.6 |
17.2 |
- |
|
Prepaid Expenses |
1.5 |
1.1 |
1.3 |
1.2 |
0.7 |
|
Deferred Income Taxes (Current) |
6.4 |
6.9 |
4.2 |
4.8 |
4.4 |
|
Other Current Assets |
12.4 |
4.1 |
4.6 |
9.7 |
5.9 |
|
Allow.Doubt.Accounts (Current) |
-0.4 |
-0.4 |
-0.4 |
-0.2 |
-0.1 |
|
Total Current Assets |
496.0 |
435.4 |
375.7 |
395.9 |
319.2 |
|
|
|
|
|
|
|
|
Buildings & Structures, Gross |
409.7 |
331.6 |
304.3 |
303.7 |
261.7 |
|
Buildings & Structures, depr. |
-274.5 |
-212.8 |
-195.8 |
-189.2 |
- |
|
Machineries, Equip., & Vehicle, Gross |
923.8 |
795.9 |
751.8 |
731.3 |
627.2 |
|
Machineries, Equip., & Vehicle, depr |
-819.9 |
-697.6 |
-636.4 |
-606.2 |
- |
|
Tools, Furniture, & Fixtures, Gross |
121.4 |
97.5 |
93.4 |
90.0 |
74.5 |
|
Tools, Furniture, & Fixtures, depr |
-111.1 |
-88.7 |
-84.2 |
-78.4 |
- |
|
Total Accumulated Depreciation |
- |
- |
- |
- |
-731.1 |
|
Land |
136.6 |
119.3 |
114.3 |
112.9 |
101.9 |
|
Construction-In-Progress |
2.9 |
3.3 |
5.3 |
3.7 |
4.5 |
|
Total Intangible Assets, Net |
5.2 |
4.0 |
4.3 |
3.4 |
3.3 |
|
Long-Term Investment in Securities |
30.8 |
33.6 |
29.6 |
40.2 |
40.5 |
|
Equity Secs.-Nonconsolidated Affil. |
174.5 |
166.1 |
134.3 |
179.1 |
38.4 |
|
Investment Partnership-Nonconsol.Affil. |
10.3 |
9.2 |
2.7 |
2.6 |
2.2 |
|
LT Loans |
4.4 |
0.3 |
0.4 |
0.2 |
0.1 |
|
Long-Term Prepaid Expenses |
1.5 |
0.4 |
0.8 |
1.4 |
1.1 |
|
Deferred Income Taxes (Non-Current) |
26.6 |
26.0 |
31.4 |
27.8 |
21.2 |
|
Other Asset |
5.4 |
10.0 |
10.2 |
9.5 |
7.7 |
|
Allow.Doubt.Accounts (Non-Current) |
-0.8 |
-0.8 |
-1.2 |
-1.3 |
-1.2 |
|
Total Assets |
1,142.8 |
1,032.8 |
940.8 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
Trade Accounts & Notes Payable |
87.0 |
80.9 |
70.6 |
84.4 |
69.9 |
|
Short-Term Borrowings |
35.6 |
29.7 |
27.9 |
23.9 |
50.8 |
|
Long-Term Borrowings (Current) |
25.3 |
31.6 |
33.7 |
20.1 |
- |
|
Current lease obligations |
0.6 |
1.3 |
1.6 |
- |
- |
|
Straight Bonds (Current) |
0.0 |
10.7 |
0.0 |
- |
- |
|
Other Accounts Payable |
34.4 |
15.6 |
16.3 |
31.1 |
12.1 |
|
Income Taxes Payable |
2.2 |
13.7 |
1.4 |
2.3 |
5.7 |
|
Sales Taxes Payable |
0.6 |
3.8 |
1.3 |
3.1 |
0.9 |
|
Accrued Expense |
11.9 |
10.5 |
10.1 |
9.8 |
7.8 |
|
Reserve for Bonuses |
9.0 |
7.2 |
5.7 |
7.0 |
6.3 |
|
Reserve for Directors' Bonuses |
0.7 |
0.8 |
0.1 |
0.6 |
0.6 |
|
Reserve for disaster loss |
2.1 |
0.0 |
- |
- |
- |
|
Other Current Liabilities |
1.9 |
0.7 |
2.8 |
3.0 |
20.4 |
|
Total Current Liabilities |
211.2 |
206.5 |
171.5 |
185.2 |
174.5 |
|
|
|
|
|
|
|
|
Straight Bonds |
12.1 |
0.0 |
10.1 |
10.0 |
8.5 |
|
Long-Term Borrowings |
209.7 |
189.2 |
185.3 |
202.2 |
58.3 |
|
Lease obligations |
1.6 |
1.0 |
1.4 |
- |
- |
|
Total Long Term Debt |
223.4 |
190.3 |
196.8 |
212.3 |
66.7 |
|
|
|
|
|
|
|
|
Reserve for Retirement Benefit(accrued) |
42.8 |
34.9 |
35.7 |
39.0 |
36.2 |
|
Reserve for Officers' Retirement |
- |
- |
- |
- |
0.0 |
|
Reserve for Special Repair |
47.2 |
44.6 |
37.6 |
30.4 |
25.9 |
|
Other Long-Term Liabilities |
4.1 |
4.4 |
4.8 |
3.3 |
4.8 |
|
Minority Interests |
0.5 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Total Liabilities |
529.3 |
481.1 |
446.8 |
470.6 |
308.5 |
|
|
|
|
|
|
|
|
Common Stock |
169.8 |
150.6 |
142.5 |
141.4 |
119.2 |
|
Paid-In Capital |
208.7 |
185.1 |
175.2 |
173.8 |
146.5 |
|
Retained Earning |
309.7 |
269.9 |
235.8 |
235.4 |
191.1 |
|
Unrlzd.Gain/Loss |
-0.3 |
2.3 |
0.6 |
7.7 |
10.7 |
|
Deferred hedge gain/loss |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Translation Adj. |
-59.9 |
-43.3 |
-47.8 |
-1.3 |
-4.3 |
|
Treasury Stock |
-14.7 |
-13.0 |
-12.2 |
-0.9 |
-0.6 |
|
Total Equity |
613.5 |
551.6 |
494.1 |
556.2 |
462.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,142.8 |
1,032.7 |
940.9 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
105.0 |
105.1 |
105.1 |
111.1 |
111.1 |
|
Total Common Shares Outstanding |
105.0 |
105.1 |
105.1 |
111.1 |
111.1 |
|
T/S-Common Stock |
6.4 |
6.4 |
6.4 |
0.3 |
0.3 |
|
Full-Time Employees |
1,897 |
1,809 |
1,828 |
1,850 |
1,879 |
|
Number of Common Shareholders |
8,729 |
8,794 |
9,329 |
9,937 |
10,363 |
|
LT Debts <1Yr. |
25.5 |
42.3 |
33.7 |
20.1 |
30.7 |
|
LT Debts <2Yr. |
39.3 |
22.5 |
40.0 |
33.5 |
16.9 |
|
LT Debts <3Yr. |
24.3 |
34.8 |
21.3 |
39.7 |
19.7 |
|
LT Debts <4Yr. |
124.8 |
21.4 |
32.9 |
16.1 |
25.0 |
|
LT Debts <5Yr. |
33.8 |
110.6 |
20.2 |
32.7 |
5.1 |
|
LT Debts in remaining Yr. |
0.0 |
- |
81.0 |
90.4 |
- |
|
Total Long Term Debt, Supplemental |
247.6 |
231.5 |
229.1 |
232.4 |
97.4 |
|
Capital lease maturing within 1 yr. |
0.6 |
1.3 |
1.6 |
- |
- |
|
Capital lease maturing within 2 yr. |
0.5 |
0.4 |
1.1 |
- |
- |
|
Capital lease maturing within 3 yr. |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital lease maturing within 4 yr. |
0.3 |
0.2 |
0.1 |
- |
- |
|
Capital lease maturing within 5 yr. |
0.1 |
0.1 |
0.0 |
- |
- |
|
Capital lease maturing in remaining yr. |
0.3 |
0.0 |
0.0 |
- |
- |
|
Total Capital Leases |
2.2 |
2.4 |
3.0 |
- |
- |
|
Pension obligation |
92.8 |
74.8 |
73.5 |
79.4 |
73.3 |
|
Fair value of plan asset |
46.5 |
35.2 |
30.9 |
32.2 |
29.4 |
|
Funded status |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
Total Funded Status |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
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% |
|
Unrecognized actuarial gains and losses |
3.5 |
4.7 |
6.9 |
8.2 |
7.6 |
|
Reserve for accrued retirement benefits |
-42.8 |
-34.9 |
-35.7 |
-39.0 |
-36.2 |
|
Net Assets Recognized on Balance Sheet |
-39.3 |
-30.3 |
-28.7 |
-30.8 |
-28.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
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 |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income before Taxes |
33.9 |
47.0 |
10.1 |
19.9 |
27.0 |
|
Depreciation |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Impairment Loss |
- |
- |
0.0 |
3.6 |
0.0 |
|
Equity in Affilliate |
-8.4 |
-8.4 |
-3.2 |
-1.0 |
-1.6 |
|
G on Negative Goodwill |
-3.9 |
0.0 |
- |
- |
- |
|
Reserve for Doubtful Accounts |
-0.1 |
-0.6 |
0.2 |
-0.1 |
0.1 |
|
Allow-Special Repair |
-2.9 |
4.9 |
6.9 |
-0.3 |
-1.8 |
|
Reserve for Retirement Benefits(accrued) |
-4.8 |
-2.8 |
-3.6 |
-3.5 |
-3.9 |
|
Reserve for Directors' Retire. Benefits |
- |
- |
- |
0.0 |
-1.6 |
|
Reserve for Bonuses |
0.5 |
1.2 |
-1.4 |
-0.4 |
-0.2 |
|
Reserve for Dir.'s Bonuses |
-0.2 |
0.6 |
-0.4 |
-0.1 |
0.6 |
|
Reserve for disaster loss |
2.0 |
0.0 |
- |
- |
- |
|
Val.Loss-Invest.Sec |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Write off-fixed assets |
1.1 |
4.1 |
2.2 |
2.7 |
3.6 |
|
Sale-fixed assets |
-0.2 |
-11.1 |
0.0 |
-0.4 |
0.0 |
|
L.Retire/sale of .Intang.Asset |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain on Sale of Long-Term Inv't in Secs. |
-0.5 |
- |
0.0 |
-0.1 |
-0.4 |
|
L on Sale of Long-Term Inv't in Secs. |
- |
0.1 |
- |
- |
- |
|
L on sale of affiliated securities |
- |
- |
0.0 |
0.1 |
0.0 |
|
L on extinguish of tying stock |
- |
- |
0.0 |
0.3 |
0.0 |
|
L on valuation of affiliated sec. |
- |
0.0 |
0.1 |
0.0 |
- |
|
Reversal of Int.& Dividends Received |
-0.9 |
-0.7 |
-1.0 |
-0.9 |
-0.6 |
|
Reversal of Interest Expenses |
4.4 |
4.4 |
4.3 |
2.3 |
1.9 |
|
Account Receivable |
9.1 |
-7.8 |
15.6 |
-2.4 |
-12.9 |
|
Inventories |
0.2 |
16.3 |
-8.3 |
1.8 |
3.9 |
|
Account Payable |
0.4 |
5.6 |
-14.8 |
0.8 |
-4.1 |
|
Director Bonus Paid |
- |
- |
- |
0.0 |
-0.5 |
|
Other Operating Activities |
-8.0 |
1.9 |
-1.7 |
4.9 |
-1.9 |
|
Int. and Div. Income |
3.7 |
5.0 |
3.9 |
1.4 |
1.2 |
|
Interest Paid |
-4.4 |
-4.3 |
-4.4 |
-2.1 |
-1.9 |
|
Income Tax Paid |
-22.1 |
-2.0 |
-4.4 |
-10.3 |
-1.9 |
|
Increase due to mergers |
- |
- |
0.0 |
0.0 |
0.0 |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Cash from Operating Activities |
54.8 |
107.8 |
56.2 |
63.8 |
44.1 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-31.6 |
-34.4 |
-48.7 |
-29.7 |
-43.6 |
|
Sale-Prop.& Equip. |
0.5 |
14.2 |
0.0 |
3.5 |
4.9 |
|
Purch-Intang. Assets |
-1.5 |
-0.9 |
-1.0 |
-0.8 |
-1.1 |
|
Purchase of Long-Term Inv't in Sec. |
-0.1 |
-0.2 |
-1.2 |
-0.8 |
-5.7 |
|
Sale of Long-Term Investment in Sec. |
2.3 |
0.4 |
0.0 |
0.1 |
0.6 |
|
Redemption .LT Inv't in Sec. |
- |
- |
- |
0.0 |
0.1 |
|
Purchase of Affiliates Securities |
-0.9 |
-13.0 |
-0.2 |
-118.6 |
0.0 |
|
Sale Affil.Co. |
- |
0.0 |
6.4 |
0.0 |
- |
|
Payments for investments in capital of s |
0.0 |
-6.3 |
0.0 |
- |
- |
|
Purch. Subs' stock/Consol. scope change |
-7.0 |
0.0 |
- |
- |
- |
|
Payments of loans receivable |
-5.1 |
0.0 |
- |
- |
- |
|
Other Investments Made |
-3.1 |
-1.1 |
-2.6 |
-1.2 |
-2.0 |
|
Other Investments Collected |
7.3 |
1.1 |
1.2 |
0.7 |
1.6 |
|
Cash from Investing Activities |
-39.3 |
-40.3 |
-46.1 |
-146.6 |
-45.2 |
|
|
|
|
|
|
|
|
Change in Short-Term Debt, Net |
2.1 |
0.2 |
3.8 |
0.0 |
12.1 |
|
Long-Term Debts, Issued |
21.0 |
21.5 |
14.9 |
132.6 |
5.1 |
|
Long-Term Debts, Repaid |
-34.4 |
-32.3 |
-19.9 |
-31.7 |
-18.8 |
|
Bond Issued |
11.5 |
0.0 |
- |
- |
0.0 |
|
Bond Redemption |
-11.7 |
0.0 |
- |
- |
- |
|
Treasury stock transactions, net |
0.0 |
-0.1 |
-11.1 |
-0.1 |
-0.1 |
|
Repayment of finance lease |
-1.5 |
-1.7 |
-1.7 |
0.0 |
- |
|
Dividends Paid |
-8.6 |
-7.3 |
-6.6 |
-6.3 |
-6.2 |
|
Dividends Paid to Minority Shareholders |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other payments, financing |
0.0 |
0.0 |
- |
- |
- |
|
Cash from Financing Activities |
-21.7 |
-19.7 |
-20.6 |
94.5 |
-7.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-6.4 |
47.9 |
-10.6 |
11.7 |
-9.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
147.6 |
88.2 |
92.2 |
69.3 |
76.7 |
|
Net Cash - Ending Balance |
141.3 |
136.1 |
81.6 |
81.1 |
67.7 |
|
Cash Interest Paid |
4.4 |
4.3 |
4.4 |
2.1 |
1.9 |
|
Cash Taxes Paid |
22.1 |
2.0 |
4.4 |
10.3 |
1.9 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
Revenue |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
Total Revenue |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
677.3 |
622.8 |
603.3 |
533.1 |
505.5 |
|
Cost of Revenue, Total |
677.3 |
622.8 |
603.3 |
533.1 |
505.5 |
|
Gross Profit |
169.9 |
160.3 |
127.5 |
125.8 |
125.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
108.7 |
98.2 |
91.7 |
81.3 |
79.6 |
|
Labor & Related Expense |
27.2 |
23.2 |
19.5 |
17.4 |
17.0 |
|
Total Selling/General/Administrative Expenses |
135.9 |
121.4 |
111.2 |
98.7 |
96.6 |
|
Depreciation |
3.3 |
3.5 |
2.6 |
3.9 |
3.1 |
|
Depreciation/Amortization |
3.3 |
3.5 |
2.6 |
3.9 |
3.1 |
|
Impairment-Assets Held for Use |
0.5 |
3.7 |
2.2 |
6.3 |
3.9 |
|
Impairment-Assets Held for Sale |
0.0 |
0.3 |
0.1 |
0.0 |
0.0 |
|
Other Unusual Expense (Income) |
2.0 |
0.6 |
3.1 |
-1.3 |
-0.8 |
|
Unusual Expense (Income) |
2.5 |
4.6 |
5.4 |
5.0 |
3.0 |
|
Total Operating Expense |
819.0 |
752.4 |
722.5 |
640.8 |
608.2 |
|
|
|
|
|
|
|
|
Operating Income |
28.2 |
30.7 |
8.3 |
18.2 |
22.9 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-4.4 |
-4.4 |
-4.3 |
-2.3 |
-1.9 |
|
Interest Expense, Net Non-Operating |
-4.4 |
-4.4 |
-4.3 |
-2.3 |
-1.9 |
|
Interest Income -
Non-Operating |
0.1 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Investment Income -
Non-Operating |
9.8 |
9.0 |
4.0 |
1.5 |
2.5 |
|
Interest/Investment Income - Non-Operating |
9.8 |
9.0 |
4.1 |
1.6 |
2.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
5.5 |
4.6 |
-0.1 |
-0.7 |
0.6 |
|
Gain (Loss) on Sale of Assets |
0.2 |
11.1 |
0.0 |
0.4 |
0.0 |
|
Other Non-Operating Income (Expense) |
0.1 |
0.6 |
2.0 |
2.1 |
3.5 |
|
Other, Net |
0.1 |
0.6 |
2.0 |
2.1 |
3.5 |
|
Income Before Tax |
33.9 |
47.0 |
10.2 |
20.0 |
27.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
11.8 |
18.9 |
4.9 |
6.0 |
11.2 |
|
Income After Tax |
22.1 |
28.1 |
5.3 |
14.0 |
15.8 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
|
Net Income |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Total Adjustments to Net Income |
-0.1 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Basic EPS Excl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Basic/Primary EPS Incl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
Diluted Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Diluted EPS Excl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Diluted EPS Incl Extraord Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Dividends per Share - Common Stock Primary Issue |
0.08 |
0.08 |
0.06 |
0.05 |
0.06 |
|
Gross Dividends - Common Stock |
8.0 |
8.5 |
6.4 |
5.8 |
6.2 |
|
Interest Expense, Supplemental |
4.4 |
4.4 |
4.3 |
2.3 |
1.9 |
|
Depreciation, Supplemental |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Total Special Items |
2.4 |
-6.4 |
5.4 |
4.6 |
3.0 |
|
Normalized Income Before Tax |
36.3 |
40.6 |
15.6 |
24.6 |
30.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.8 |
-2.6 |
2.6 |
1.4 |
1.2 |
|
Inc Tax Ex Impact of Sp Items |
12.6 |
16.3 |
7.5 |
7.4 |
12.5 |
|
Normalized Income After Tax |
23.7 |
24.3 |
8.1 |
17.2 |
17.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
23.6 |
24.2 |
8.0 |
17.1 |
17.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Diluted Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Rental Expenses |
2.0 |
2.8 |
3.2 |
3.1 |
2.8 |
|
Research & Development Exp, Supplemental |
5.7 |
5.1 |
4.8 |
4.1 |
3.7 |
|
Reported Operating Profit |
31.1 |
35.7 |
14.9 |
26.0 |
27.9 |
|
Reported Ordinary Profit |
35.7 |
40.6 |
15.7 |
24.1 |
29.2 |
|
Normalized EBIT |
30.8 |
35.3 |
13.7 |
23.2 |
26.0 |
|
Normalized EBITDA |
86.8 |
89.3 |
69.6 |
70.6 |
65.2 |
|
Interest Cost - Domestic |
1.8 |
1.5 |
1.6 |
1.5 |
1.6 |
|
Service Cost - Domestic |
3.9 |
3.4 |
3.3 |
2.9 |
3.2 |
|
Prior Service Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Expected Return on Assets - Domestic |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
|
Actuarial Gains and Losses - Domestic |
2.2 |
2.0 |
1.8 |
1.5 |
1.5 |
|
Other Pension, Net - Domestic |
1.2 |
1.3 |
1.5 |
1.1 |
1.2 |
|
Domestic Pension Plan Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
Total Pension Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
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 |
1.8 |
1.5 |
1.6 |
1.5 |
1.6 |
|
Total Plan Service Cost |
3.9 |
3.4 |
3.3 |
2.9 |
3.2 |
|
Total Plan Expected Return |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
|
Total Plan Other Expense |
1.2 |
1.3 |
1.5 |
1.1 |
1.2 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
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 |
233.1 |
191.1 |
224.0 |
227.9 |
204.5 |
|
Revenue |
233.1 |
191.1 |
224.0 |
227.9 |
204.5 |
|
Total Revenue |
233.1 |
191.1 |
224.0 |
227.9 |
204.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
182.9 |
162.4 |
174.1 |
181.5 |
160.0 |
|
Cost of Revenue, Total |
182.9 |
162.4 |
174.1 |
181.5 |
160.0 |
|
Gross Profit |
50.2 |
28.7 |
50.0 |
46.4 |
44.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
36.0 |
32.6 |
35.8 |
32.5 |
33.1 |
|
Labor & Related Expense |
- |
2.1 |
-0.5 |
2.0 |
1.2 |
|
Total Selling/General/Administrative Expenses |
36.0 |
34.7 |
35.3 |
34.4 |
34.3 |
|
Impairment-Assets Held for Use |
0.3 |
0.3 |
0.0 |
0.2 |
0.0 |
|
Other Unusual Expense (Income) |
1.6 |
6.1 |
0.0 |
-3.9 |
0.0 |
|
Unusual Expense (Income) |
1.9 |
6.4 |
0.0 |
-3.7 |
0.0 |
|
Total Operating Expense |
220.8 |
203.5 |
209.4 |
212.3 |
194.4 |
|
|
|
|
|
|
|
|
Operating Income |
12.3 |
-12.5 |
14.7 |
15.6 |
10.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.1 |
-1.1 |
-1.1 |
-1.1 |
-1.0 |
|
Interest Expense, Net Non-Operating |
-1.1 |
-1.1 |
-1.1 |
-1.1 |
-1.0 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investment Income -
Non-Operating |
2.2 |
2.9 |
1.2 |
2.9 |
2.8 |
|
Interest/Investment Income - Non-Operating |
2.3 |
2.9 |
1.2 |
2.9 |
2.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
1.2 |
1.8 |
0.1 |
1.8 |
1.8 |
|
Gain (Loss) on Sale of Assets |
- |
0.2 |
0.0 |
- |
- |
|
Other Non-Operating Income (Expense) |
0.5 |
-0.1 |
0.3 |
-0.1 |
-0.4 |
|
Other, Net |
0.5 |
-0.1 |
0.3 |
-0.1 |
-0.4 |
|
Income Before Tax |
14.0 |
-10.6 |
15.0 |
17.3 |
11.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
4.3 |
-4.3 |
6.2 |
5.0 |
4.6 |
|
Income After Tax |
9.8 |
-6.4 |
8.9 |
12.3 |
6.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
9.7 |
-6.4 |
8.9 |
12.3 |
6.9 |
|
Net Income |
9.7 |
-6.4 |
8.9 |
12.3 |
6.9 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
9.7 |
-6.4 |
8.8 |
12.3 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
9.7 |
-6.4 |
8.8 |
12.3 |
6.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
105.0 |
105.1 |
105.0 |
105.1 |
105.1 |
|
Basic EPS Excl Extraord Items |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
Basic/Primary EPS Incl Extraord Items |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
9.7 |
-6.4 |
8.8 |
12.3 |
6.8 |
|
Diluted Weighted Average Shares |
105.0 |
105.1 |
105.0 |
105.1 |
105.1 |
|
Diluted EPS Excl Extraord Items |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
Diluted EPS Incl Extraord Items |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.04 |
0.00 |
0.03 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
4.5 |
0.0 |
3.7 |
0.0 |
|
Interest Expense, Supplemental |
1.1 |
1.1 |
1.1 |
1.1 |
1.0 |
|
Depreciation, Supplemental |
13.9 |
15.7 |
14.7 |
13.8 |
12.0 |
|
Total Special Items |
1.9 |
6.2 |
0.0 |
-3.7 |
0.0 |
|
Normalized Income Before Tax |
15.9 |
-4.4 |
15.1 |
13.6 |
11.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.6 |
2.2 |
0.0 |
-1.1 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
4.9 |
-2.1 |
6.2 |
3.9 |
4.6 |
|
Normalized Income After Tax |
11.1 |
-2.3 |
8.9 |
9.7 |
6.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
11.0 |
-2.3 |
8.9 |
9.7 |
6.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.10 |
-0.02 |
0.08 |
0.09 |
0.07 |
|
Diluted Normalized EPS |
0.10 |
-0.02 |
0.08 |
0.09 |
0.07 |
|
Reported Operating Profit |
14.2 |
-6.0 |
14.7 |
11.9 |
10.1 |
|
Reported Ordinary Profit |
15.9 |
-4.4 |
15.0 |
13.2 |
11.4 |
|
Normalized EBIT |
14.2 |
-6.0 |
14.7 |
12.0 |
10.1 |
|
Normalized EBITDA |
28.1 |
9.7 |
29.4 |
25.7 |
22.1 |
Annual Balance
Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
146.1 |
135.4 |
83.0 |
93.1 |
67.1 |
|
Cash and Short Term Investments |
146.1 |
135.4 |
83.0 |
93.1 |
67.1 |
|
Accounts Receivable -
Trade, Gross |
231.5 |
205.3 |
189.2 |
202.7 |
168.1 |
|
Provision for Doubtful
Accounts |
-0.4 |
-0.4 |
-0.4 |
-0.2 |
-0.1 |
|
Trade Accounts Receivable - Net |
231.1 |
204.9 |
188.8 |
202.5 |
168.0 |
|
Total Receivables, Net |
231.1 |
204.9 |
188.8 |
202.5 |
168.0 |
|
Inventories - Finished Goods |
69.5 |
61.5 |
72.8 |
65.0 |
- |
|
Inventories - Work In Progress |
4.6 |
3.2 |
5.4 |
2.5 |
- |
|
Inventories - Raw Materials |
24.4 |
18.2 |
15.6 |
17.2 |
- |
|
Total Inventory |
98.6 |
83.0 |
93.8 |
84.8 |
73.2 |
|
Prepaid Expenses |
1.5 |
1.1 |
1.3 |
1.2 |
0.7 |
|
Deferred Income Tax - Current Asset |
6.4 |
6.9 |
4.2 |
4.8 |
4.4 |
|
Other Current Assets |
12.4 |
4.1 |
4.6 |
9.7 |
5.9 |
|
Other Current Assets, Total |
18.7 |
11.1 |
8.7 |
14.4 |
10.3 |
|
Total Current Assets |
496.0 |
435.4 |
375.7 |
395.9 |
319.2 |
|
|
|
|
|
|
|
|
Buildings |
409.7 |
331.6 |
304.3 |
303.7 |
261.7 |
|
Land/Improvements |
136.6 |
119.3 |
114.3 |
112.9 |
101.9 |
|
Machinery/Equipment |
1,045.2 |
893.4 |
845.2 |
821.3 |
701.7 |
|
Construction in
Progress |
2.9 |
3.3 |
5.3 |
3.7 |
4.5 |
|
Property/Plant/Equipment - Gross |
1,594.4 |
1,347.5 |
1,269.1 |
1,241.6 |
1,069.8 |
|
Accumulated Depreciation |
-1,205.5 |
-999.1 |
-916.4 |
-873.8 |
-731.1 |
|
Property/Plant/Equipment - Net |
389.0 |
348.4 |
352.7 |
367.8 |
338.8 |
|
Intangibles, Net |
5.2 |
4.0 |
4.3 |
3.4 |
3.3 |
|
LT Investment - Affiliate Companies |
184.8 |
175.3 |
137.0 |
181.7 |
40.6 |
|
LT Investments - Other |
30.8 |
33.6 |
29.6 |
40.2 |
40.5 |
|
Long Term Investments |
215.6 |
208.8 |
166.6 |
222.0 |
81.1 |
|
Note Receivable - Long Term |
4.4 |
0.3 |
0.4 |
0.2 |
0.1 |
|
Deferred Income Tax - Long Term Asset |
26.6 |
26.0 |
31.4 |
27.8 |
21.2 |
|
Other Long Term Assets |
6.0 |
9.7 |
9.8 |
9.7 |
7.5 |
|
Other Long Term Assets, Total |
32.6 |
35.7 |
41.2 |
37.5 |
28.7 |
|
Total Assets |
1,142.8 |
1,032.8 |
940.8 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
87.0 |
80.9 |
70.6 |
84.4 |
69.9 |
|
Accrued Expenses |
22.1 |
22.2 |
17.2 |
20.4 |
15.6 |
|
Notes Payable/Short Term Debt |
35.6 |
29.7 |
27.9 |
23.9 |
50.8 |
|
Current Portion - Long Term Debt/Capital Leases |
26.0 |
43.6 |
35.3 |
20.1 |
- |
|
Income Taxes Payable |
2.2 |
13.7 |
1.4 |
2.3 |
5.7 |
|
Other Payables |
34.4 |
15.6 |
16.3 |
31.1 |
12.1 |
|
Other Current Liabilities |
4.0 |
0.7 |
2.8 |
3.0 |
20.4 |
|
Other Current liabilities, Total |
40.6 |
30.1 |
20.5 |
36.4 |
38.2 |
|
Total Current Liabilities |
211.2 |
206.5 |
171.5 |
185.2 |
174.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
221.8 |
189.2 |
195.4 |
212.3 |
66.7 |
|
Capital Lease Obligations |
1.6 |
1.0 |
1.4 |
- |
- |
|
Total Long Term Debt |
223.4 |
190.3 |
196.8 |
212.3 |
66.7 |
|
Total Debt |
285.0 |
263.6 |
260.0 |
256.3 |
117.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.5 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Reserves |
47.2 |
44.6 |
37.6 |
30.4 |
25.9 |
|
Pension Benefits - Underfunded |
42.8 |
34.9 |
35.7 |
39.0 |
36.2 |
|
Other Long Term Liabilities |
4.1 |
4.4 |
4.8 |
3.3 |
4.8 |
|
Other Liabilities, Total |
94.1 |
83.9 |
78.1 |
72.7 |
66.9 |
|
Total Liabilities |
529.3 |
481.1 |
446.8 |
470.6 |
308.5 |
|
|
|
|
|
|
|
|
Common Stock |
169.8 |
150.6 |
142.5 |
141.4 |
119.2 |
|
Common Stock |
169.8 |
150.6 |
142.5 |
141.4 |
119.2 |
|
Additional Paid-In Capital |
208.7 |
185.1 |
175.2 |
173.8 |
146.5 |
|
Retained Earnings (Accumulated Deficit) |
309.7 |
269.9 |
235.8 |
235.4 |
191.1 |
|
Treasury Stock - Common |
-14.7 |
-13.0 |
-12.2 |
-0.9 |
-0.6 |
|
Unrealized Gain (Loss) |
-0.1 |
2.3 |
0.6 |
7.7 |
10.7 |
|
Translation Adjustment |
-59.9 |
-43.3 |
-47.8 |
-1.3 |
-4.3 |
|
Other Equity, Total |
-59.9 |
-43.3 |
-47.8 |
-1.3 |
-4.3 |
|
Total Equity |
613.5 |
551.6 |
494.1 |
556.2 |
462.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,142.8 |
1,032.7 |
940.9 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
105.0 |
105.1 |
105.1 |
111.1 |
111.2 |
|
Total Common Shares Outstanding |
105.0 |
105.1 |
105.1 |
111.1 |
111.2 |
|
Treasury Shares - Common Stock Primary Issue |
6.4 |
6.4 |
6.4 |
0.3 |
0.3 |
|
Employees |
1,897 |
1,809 |
1,828 |
1,850 |
1,879 |
|
Number of Common Shareholders |
8,729 |
8,794 |
9,329 |
9,937 |
10,363 |
|
Total Long Term Debt, Supplemental |
247.6 |
231.5 |
229.1 |
232.4 |
97.4 |
|
Long Term Debt Maturing within 1 Year |
25.5 |
42.3 |
33.7 |
20.1 |
30.7 |
|
Long Term Debt Maturing in Year 2 |
39.3 |
22.5 |
40.0 |
33.5 |
16.9 |
|
Long Term Debt Maturing in Year 3 |
24.3 |
34.8 |
21.3 |
39.7 |
19.7 |
|
Long Term Debt Maturing in Year 4 |
124.8 |
21.4 |
32.9 |
16.1 |
25.0 |
|
Long Term Debt Maturing in Year 5 |
33.8 |
110.6 |
20.2 |
32.7 |
5.1 |
|
Long Term Debt Maturing in 2-3 Years |
63.6 |
57.3 |
61.3 |
73.1 |
36.7 |
|
Long Term Debt Maturing in 4-5 Years |
158.6 |
132.0 |
53.2 |
48.7 |
30.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
81.0 |
90.4 |
0.0 |
|
Total Capital Leases, Supplemental |
2.2 |
2.4 |
3.0 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.6 |
1.3 |
1.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.5 |
0.4 |
1.1 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.3 |
0.2 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.1 |
0.1 |
0.0 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.9 |
0.7 |
1.3 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.4 |
0.4 |
0.1 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.3 |
0.0 |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
92.8 |
74.8 |
73.5 |
79.4 |
73.3 |
|
Plan Assets - Domestic |
46.5 |
35.2 |
30.9 |
32.2 |
29.4 |
|
Funded Status - Domestic |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
Total Funded Status |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
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% |
|
Accrued Liabilities - Domestic |
-42.8 |
-34.9 |
-35.7 |
-39.0 |
-36.2 |
|
Other Assets, Net - Domestic |
3.5 |
4.7 |
6.9 |
8.2 |
7.6 |
|
Net Assets Recognized on Balance Sheet |
-39.3 |
-30.3 |
-28.7 |
-30.8 |
-28.6 |
|
Total Plan Obligations |
92.8 |
74.8 |
73.5 |
79.4 |
73.3 |
|
Total Plan Assets |
46.5 |
35.2 |
30.9 |
32.2 |
29.4 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
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 |
137.2 |
146.1 |
128.1 |
116.9 |
125.2 |
|
Cash and Short Term Investments |
137.2 |
146.1 |
128.1 |
116.9 |
125.2 |
|
Accounts Receivable -
Trade, Gross |
269.7 |
231.5 |
278.2 |
275.6 |
243.7 |
|
Provision for Doubtful
Accounts |
-0.4 |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
|
Trade Accounts Receivable - Net |
269.3 |
231.1 |
277.8 |
275.1 |
243.3 |
|
Total Receivables, Net |
269.3 |
231.1 |
277.8 |
275.1 |
243.3 |
|
Inventories - Finished Goods |
72.4 |
69.5 |
65.0 |
59.8 |
59.5 |
|
Inventories - Work In Progress |
5.2 |
4.6 |
4.5 |
4.3 |
2.2 |
|
Inventories - Raw Materials |
25.1 |
24.4 |
24.3 |
23.3 |
19.6 |
|
Total Inventory |
102.7 |
98.6 |
93.8 |
87.4 |
81.3 |
|
Other Current Assets |
18.4 |
20.2 |
13.6 |
13.6 |
10.8 |
|
Other Current Assets, Total |
18.4 |
20.2 |
13.6 |
13.6 |
10.8 |
|
Total Current Assets |
527.6 |
496.0 |
513.2 |
493.1 |
460.6 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
390.3 |
389.0 |
403.8 |
395.2 |
363.2 |
|
Intangibles, Net |
5.4 |
5.2 |
4.9 |
4.7 |
4.1 |
|
LT Investment - Affiliate Companies |
185.2 |
174.5 |
182.4 |
176.3 |
177.2 |
|
LT Investments - Other |
32.0 |
30.8 |
33.3 |
31.7 |
32.0 |
|
Long Term Investments |
217.2 |
205.3 |
215.7 |
208.0 |
209.2 |
|
Other Long Term Assets |
48.8 |
47.4 |
52.6 |
56.2 |
52.4 |
|
Other Long Term Assets, Total |
48.8 |
47.4 |
52.6 |
56.2 |
52.4 |
|
Total Assets |
1,189.4 |
1,142.8 |
1,190.2 |
1,157.2 |
1,089.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
97.3 |
87.0 |
97.0 |
97.8 |
91.3 |
|
Notes Payable/Short Term Debt |
55.2 |
35.6 |
79.4 |
79.5 |
71.5 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
26.0 |
12.3 |
12.0 |
11.3 |
|
Income Taxes Payable |
2.9 |
2.2 |
3.8 |
8.6 |
2.0 |
|
Other Current Liabilities |
62.5 |
60.5 |
48.1 |
45.2 |
48.4 |
|
Other Current liabilities, Total |
65.3 |
62.7 |
51.9 |
53.8 |
50.4 |
|
Total Current Liabilities |
217.9 |
211.2 |
240.7 |
243.1 |
224.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
232.5 |
221.8 |
203.2 |
194.9 |
193.0 |
|
Capital Lease Obligations |
- |
1.6 |
- |
- |
- |
|
Total Long Term Debt |
232.5 |
223.4 |
203.2 |
194.9 |
193.0 |
|
Total Debt |
287.7 |
285.0 |
295.0 |
286.4 |
275.8 |
|
|
|
|
|
|
|
|
Minority Interest |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Reserves |
50.2 |
47.2 |
56.9 |
53.7 |
48.9 |
|
Pension Benefits - Underfunded |
42.8 |
42.8 |
45.1 |
45.2 |
35.8 |
|
Other Long Term Liabilities |
6.0 |
4.1 |
5.0 |
5.4 |
5.3 |
|
Other Liabilities, Total |
99.0 |
94.1 |
107.1 |
104.3 |
89.9 |
|
Total Liabilities |
549.9 |
529.3 |
551.5 |
542.7 |
507.9 |
|
|
|
|
|
|
|
|
Common Stock |
174.3 |
169.8 |
173.5 |
168.5 |
159.0 |
|
Common Stock |
174.3 |
169.8 |
173.5 |
168.5 |
159.0 |
|
Additional Paid-In Capital |
214.2 |
208.7 |
213.3 |
207.1 |
195.5 |
|
Retained Earnings (Accumulated Deficit) |
323.1 |
309.7 |
323.0 |
308.6 |
279.4 |
|
Treasury Stock - Common |
-15.1 |
-14.7 |
-15.0 |
-14.5 |
-13.7 |
|
Unrealized Gain (Loss) |
-0.1 |
-0.1 |
0.8 |
0.2 |
0.5 |
|
Translation Adjustment |
-56.9 |
-59.9 |
-56.9 |
-55.3 |
-39.2 |
|
Other Equity, Total |
-56.9 |
-59.9 |
-56.9 |
-55.3 |
-39.2 |
|
Total Equity |
639.4 |
613.5 |
638.7 |
614.4 |
581.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,189.4 |
1,142.8 |
1,190.2 |
1,157.2 |
1,089.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
105.0 |
105.0 |
105.0 |
105.1 |
105.1 |
|
Total Common Shares Outstanding |
105.0 |
105.0 |
105.0 |
105.1 |
105.1 |
|
Treasury Shares - Common Stock Primary Issue |
6.4 |
6.4 |
6.4 |
6.4 |
6.4 |
|
Employees |
- |
1,897 |
1,911 |
1,911 |
1,795 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
33.9 |
47.0 |
10.1 |
19.9 |
27.0 |
|
Depreciation |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Depreciation/Depletion |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Unusual Items |
-3.4 |
-6.6 |
2.3 |
6.2 |
3.2 |
|
Equity in Net Earnings (Loss) |
-8.4 |
-8.4 |
-3.2 |
-1.0 |
-1.6 |
|
Other Non-Cash Items |
-2.3 |
5.2 |
6.8 |
-2.4 |
-5.9 |
|
Non-Cash Items |
-14.1 |
-9.7 |
6.0 |
2.7 |
-4.3 |
|
Accounts Receivable |
9.1 |
-7.8 |
15.6 |
-2.4 |
-12.9 |
|
Inventories |
0.2 |
16.3 |
-8.3 |
1.8 |
3.9 |
|
Accounts Payable |
0.4 |
5.6 |
-14.8 |
0.8 |
-4.1 |
|
Accrued Expenses |
0.3 |
1.9 |
-1.8 |
-0.5 |
0.4 |
|
Other Operating Cash Flow |
-30.8 |
0.7 |
-6.5 |
-6.0 |
-5.1 |
|
Changes in Working Capital |
-21.0 |
16.6 |
-15.8 |
-6.2 |
-17.9 |
|
Cash from Operating Activities |
54.8 |
107.8 |
56.2 |
63.8 |
44.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-31.6 |
-34.4 |
-48.7 |
-29.7 |
-43.6 |
|
Purchase/Acquisition of Intangibles |
-1.5 |
-0.9 |
-1.0 |
-0.8 |
-1.1 |
|
Capital Expenditures |
-33.2 |
-35.4 |
-49.7 |
-30.4 |
-44.7 |
|
Acquisition of Business |
-7.0 |
0.0 |
- |
- |
- |
|
Sale of Fixed Assets |
0.5 |
14.2 |
0.0 |
3.5 |
4.9 |
|
Sale/Maturity of Investment |
9.5 |
1.5 |
7.5 |
0.9 |
2.3 |
|
Purchase of Investments |
-4.1 |
-20.6 |
-4.0 |
-120.5 |
-7.7 |
|
Other Investing Cash Flow |
-5.1 |
0.0 |
- |
- |
- |
|
Other Investing Cash Flow Items, Total |
-6.2 |
-4.9 |
3.6 |
-116.2 |
-0.5 |
|
Cash from Investing Activities |
-39.3 |
-40.3 |
-46.1 |
-146.6 |
-45.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Financing Cash Flow Items |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-8.6 |
-7.3 |
-6.6 |
-6.3 |
-6.2 |
|
Total Cash Dividends Paid |
-8.6 |
-7.3 |
-6.6 |
-6.3 |
-6.2 |
|
Common Stock, Net |
0.0 |
-0.1 |
-11.1 |
-0.1 |
-0.1 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
-0.1 |
-11.1 |
-0.1 |
-0.1 |
|
Short Term Debt, Net |
2.1 |
0.2 |
3.8 |
0.0 |
12.1 |
|
Long Term Debt Issued |
32.5 |
21.5 |
14.9 |
132.6 |
5.1 |
|
Long Term Debt
Reduction |
-47.6 |
-34.0 |
-21.6 |
-31.7 |
-18.8 |
|
Long Term Debt, Net |
-15.1 |
-12.5 |
-6.6 |
100.9 |
-13.7 |
|
Issuance (Retirement) of Debt, Net |
-13.0 |
-12.3 |
-2.8 |
100.9 |
-1.6 |
|
Cash from Financing Activities |
-21.7 |
-19.7 |
-20.6 |
94.5 |
-7.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-6.4 |
47.9 |
-10.6 |
11.7 |
-9.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
147.6 |
88.2 |
92.2 |
69.3 |
76.7 |
|
Net Cash - Ending Balance |
141.3 |
136.1 |
81.6 |
81.1 |
67.7 |
|
Cash Interest Paid |
4.4 |
4.3 |
4.4 |
2.1 |
1.9 |
|
Cash Taxes Paid |
22.1 |
2.0 |
4.4 |
10.3 |
1.9 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
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 |
33.9 |
43.6 |
28.6 |
11.5 |
47.0 |
|
Depreciation |
56.0 |
40.4 |
25.8 |
12.0 |
54.0 |
|
Depreciation/Depletion |
56.0 |
40.4 |
25.8 |
12.0 |
54.0 |
|
Unusual Items |
-3.4 |
0.0 |
- |
- |
-6.6 |
|
Equity in Net Earnings (Loss) |
-8.4 |
- |
- |
- |
-8.4 |
|
Other Non-Cash Items |
-2.3 |
- |
- |
- |
5.2 |
|
Non-Cash Items |
-14.1 |
0.0 |
- |
- |
-9.7 |
|
Accounts Receivable |
9.1 |
-30.5 |
-35.0 |
-26.0 |
-7.8 |
|
Inventories |
0.2 |
6.7 |
9.6 |
6.1 |
16.3 |
|
Accounts Payable |
0.4 |
-1.7 |
2.1 |
7.2 |
5.6 |
|
Accrued Expenses |
0.3 |
- |
- |
- |
1.9 |
|
Other Operating Cash Flow |
-30.8 |
-38.1 |
-24.7 |
-8.6 |
0.7 |
|
Changes in Working Capital |
-21.0 |
-63.7 |
-48.0 |
-21.4 |
16.6 |
|
Cash from Operating Activities |
54.8 |
20.3 |
6.3 |
2.1 |
107.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-31.6 |
-23.9 |
-15.7 |
-8.2 |
-34.4 |
|
Purchase/Acquisition of Intangibles |
-1.5 |
- |
- |
- |
-0.9 |
|
Capital Expenditures |
-33.2 |
-23.9 |
-15.7 |
-8.2 |
-35.4 |
|
Acquisition of Business |
-7.0 |
-6.9 |
-6.8 |
- |
0.0 |
|
Sale of Fixed Assets |
0.5 |
0.0 |
- |
- |
14.2 |
|
Sale/Maturity of Investment |
9.5 |
2.2 |
2.2 |
- |
1.5 |
|
Purchase of Investments |
-4.1 |
-0.8 |
-0.8 |
-0.8 |
-20.6 |
|
Other Investing Cash Flow |
-5.1 |
-1.2 |
-6.4 |
-5.1 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-6.2 |
-6.8 |
-11.8 |
-5.9 |
-4.9 |
|
Cash from Investing Activities |
-39.3 |
-30.7 |
-27.5 |
-14.1 |
-40.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
-1.4 |
-1.0 |
-0.5 |
0.0 |
|
Financing Cash Flow Items |
-0.1 |
-1.4 |
-1.0 |
-0.5 |
0.0 |
|
Cash Dividends Paid - Common |
-8.6 |
-8.5 |
-4.7 |
-4.6 |
-7.3 |
|
Total Cash Dividends Paid |
-8.6 |
-8.5 |
-4.7 |
-4.6 |
-7.3 |
|
Common Stock, Net |
0.0 |
- |
- |
- |
-0.1 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
- |
- |
- |
-0.1 |
|
Short Term Debt, Net |
2.1 |
0.2 |
0.2 |
0.0 |
0.2 |
|
Long Term Debt Issued |
32.5 |
4.6 |
2.2 |
0.0 |
21.5 |
|
Long Term Debt
Reduction |
-47.6 |
-10.4 |
-7.9 |
0.0 |
-34.0 |
|
Long Term Debt, Net |
-15.1 |
-5.8 |
-5.6 |
0.0 |
-12.5 |
|
Issuance (Retirement) of Debt, Net |
-13.0 |
-5.6 |
-5.4 |
0.0 |
-12.3 |
|
Cash from Financing Activities |
-21.7 |
-15.5 |
-11.1 |
-5.1 |
-19.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
-0.1 |
-0.1 |
0.1 |
|
Net Change in Cash |
-6.4 |
-26.1 |
-32.4 |
-17.1 |
47.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
147.6 |
145.7 |
142.2 |
137.4 |
88.2 |
|
Net Cash - Ending Balance |
141.3 |
119.7 |
109.8 |
120.3 |
136.1 |
|
Cash Interest Paid |
4.4 |
2.6 |
2.1 |
0.4 |
4.3 |
|
Cash Taxes Paid |
22.1 |
21.5 |
13.4 |
13.8 |
2.0 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net sales |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
Total Revenue |
847.2 |
783.1 |
730.8 |
659.0 |
631.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
677.3 |
622.8 |
602.7 |
533.1 |
505.5 |
|
Packing & freight-out costs |
52.1 |
47.6 |
45.7 |
40.4 |
39.5 |
|
Traveling Expense |
4.7 |
3.8 |
3.0 |
2.7 |
2.4 |
|
Provision for doubtful accts |
0.0 |
0.1 |
0.0 |
0.0 |
0.2 |
|
Payrolls |
18.1 |
15.1 |
13.4 |
11.4 |
11.0 |
|
Provision for bonuses |
2.3 |
1.8 |
1.2 |
1.3 |
1.2 |
|
Prov. for dir's bonuses |
0.6 |
0.8 |
0.1 |
0.5 |
0.6 |
|
Periodic retire. benefits |
1.9 |
2.0 |
1.8 |
1.5 |
1.6 |
|
Prov. for dir's retire. benefits |
- |
- |
- |
0.0 |
0.0 |
|
Welfare exp |
4.3 |
3.6 |
3.0 |
2.8 |
2.5 |
|
Rent Expense |
2.0 |
2.8 |
3.2 |
3.1 |
2.8 |
|
Storage revenue |
13.6 |
13.0 |
12.7 |
11.5 |
11.6 |
|
Taxes, other than income taxes |
1.6 |
2.0 |
1.3 |
1.1 |
1.2 |
|
Supplies |
7.5 |
7.1 |
6.1 |
5.8 |
5.7 |
|
Depreciation |
2.9 |
3.1 |
2.0 |
1.1 |
1.0 |
|
Other SGA |
27.1 |
21.8 |
19.6 |
16.6 |
16.3 |
|
SP Reversal-Allow/Repair |
- |
- |
0.0 |
-0.1 |
0.0 |
|
SP G on Negatice Goodwill |
-3.9 |
0.0 |
- |
- |
- |
|
SP Reversal Gain on Allow.Doubt.Account |
-0.1 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
SP Subsidies income |
- |
- |
0.0 |
-1.1 |
0.0 |
|
SP G on insurance adjustment |
- |
- |
- |
0.0 |
-0.8 |
|
SP G on reversal of dir. bonuses |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP G on Termination of Pension Plan |
- |
- |
- |
- |
0.0 |
|
SP Loss on disaster |
3.9 |
0.0 |
- |
- |
- |
|
SP Reserve for disaster loss |
2.0 |
0.0 |
- |
- |
- |
|
SP Loss on Retire. of Fixed Assets |
0.5 |
3.7 |
1.7 |
2.0 |
3.5 |
|
SP Impairment Loss |
- |
- |
0.0 |
3.6 |
0.0 |
|
SP Loss on Val. of LT Inv't. Secs. |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
SP L on Compensation |
0.0 |
0.6 |
0.4 |
0.0 |
- |
|
SP L on val. of inventories |
- |
0.0 |
0.6 |
0.0 |
- |
|
SP L on valuation of affiliated sec. |
- |
0.0 |
0.1 |
0.0 |
- |
|
SP Pro. for affiliated Doubtful Accounts |
- |
0.0 |
0.3 |
0.0 |
- |
|
SP Additional Retirement Plan |
- |
- |
- |
- |
0.0 |
|
SP Loss on Product Warranties |
- |
0.0 |
2.5 |
0.0 |
0.0 |
|
NOP Loss Retirement of Mold |
- |
- |
0.5 |
0.6 |
0.4 |
|
NOP Amortization of Unused Assets |
- |
- |
0.0 |
2.1 |
2.1 |
|
NOP Depreciation |
0.4 |
0.5 |
0.6 |
0.7 |
- |
|
Total Operating Expense |
819.0 |
752.4 |
722.5 |
640.8 |
608.2 |
|
|
|
|
|
|
|
|
NOP Interest Income |
0.1 |
0.0 |
0.1 |
0.1 |
0.0 |
|
NOP Dividends Received |
0.8 |
0.6 |
0.8 |
0.8 |
0.5 |
|
NOP Rental Income |
0.9 |
0.9 |
0.8 |
0.8 |
0.8 |
|
NOP Equity Earnings |
8.4 |
8.4 |
3.2 |
1.0 |
1.6 |
|
NOP Metal Mold |
- |
- |
0.5 |
0.8 |
0.5 |
|
NOP Product.Warranty compensation |
- |
- |
0.7 |
0.6 |
0.6 |
|
NOP Insurance Income |
- |
- |
- |
- |
0.0 |
|
NOP Compensation received |
0.4 |
0.8 |
1.2 |
0.0 |
- |
|
NOP Other Non-Operating Income |
2.1 |
1.8 |
0.7 |
1.0 |
1.9 |
|
NOP Interest Expenses |
-4.4 |
-4.4 |
-4.3 |
-2.3 |
-1.9 |
|
NOP Commission cost |
- |
- |
0.0 |
-0.8 |
0.0 |
|
NOP Taxes, other than income taxes |
-1.6 |
-1.4 |
-1.4 |
0.0 |
- |
|
NOP Other Non-Operating Expenses |
-1.8 |
-1.5 |
-0.4 |
-0.4 |
-0.4 |
|
SP Gain on Sale of Fixed Assets |
0.2 |
11.1 |
0.0 |
0.4 |
0.0 |
|
SP Gain on Sale of LT Inv't. Secs. |
0.5 |
0.0 |
0.0 |
0.1 |
0.4 |
|
SP L on extinguish of tying stock |
- |
- |
0.0 |
-0.3 |
0.0 |
|
SP L on sale of affiliated securities |
- |
- |
0.0 |
-0.1 |
0.0 |
|
SP Loss-sale of LT investment secs. |
0.0 |
-0.1 |
0.0 |
- |
- |
|
SP Loss on Sale of Fixed Assets |
- |
- |
- |
- |
0.0 |
|
Net Income Before Taxes |
33.9 |
47.0 |
10.2 |
20.0 |
27.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
11.8 |
18.9 |
4.9 |
6.0 |
11.2 |
|
Net Income After Taxes |
22.1 |
28.1 |
5.3 |
14.0 |
15.8 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
|
Net Income |
22.1 |
28.1 |
5.3 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Earning Adjustment |
-0.1 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Basic EPS Including ExtraOrdinary Item |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
22.0 |
28.0 |
5.2 |
13.9 |
15.8 |
|
Diluted Weighted Average Shares |
105.1 |
105.1 |
109.7 |
111.1 |
111.2 |
|
Diluted EPS Excluding ExtraOrd Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
Diluted EPS Including ExtraOrd Items |
0.21 |
0.27 |
0.05 |
0.13 |
0.14 |
|
DPS-Common Stock |
0.08 |
0.08 |
0.06 |
0.05 |
0.06 |
|
Gross Dividends - Common Stock |
8.0 |
8.5 |
6.4 |
5.8 |
6.2 |
|
Normalized Income Before Taxes |
36.3 |
40.6 |
15.6 |
24.6 |
30.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
12.6 |
16.3 |
7.5 |
7.4 |
12.5 |
|
Normalized Income After Taxes |
23.7 |
24.3 |
8.1 |
17.2 |
17.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
23.6 |
24.2 |
8.0 |
17.1 |
17.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Diluted Normalized EPS |
0.22 |
0.23 |
0.07 |
0.15 |
0.16 |
|
Interest Expense |
4.4 |
4.4 |
4.3 |
2.3 |
1.9 |
|
R & D (SGA & COGS) |
5.7 |
5.1 |
4.8 |
4.1 |
3.7 |
|
Rental Expense |
2.0 |
2.8 |
3.2 |
3.1 |
2.8 |
|
Depreciation |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Reported Operating Profit |
31.1 |
35.7 |
14.9 |
26.0 |
27.9 |
|
Reported Ordinary Profit |
35.7 |
40.6 |
15.7 |
24.1 |
29.2 |
|
Service cost |
3.9 |
3.4 |
3.3 |
2.9 |
3.2 |
|
Interest cost |
1.8 |
1.5 |
1.6 |
1.5 |
1.6 |
|
Expected return on plan assets |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
|
Actuarial gains and losses |
2.2 |
2.0 |
1.8 |
1.5 |
1.5 |
|
Prior service cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Additional Retire. Benefits, Nonrecurr. |
1.2 |
1.3 |
1.5 |
1.1 |
1.2 |
|
Domestic Pension Plan Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
Total Pension Expense |
8.6 |
8.0 |
7.9 |
6.7 |
7.2 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Plan asset expected rate of return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
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 |
233.1 |
191.1 |
224.0 |
227.9 |
204.5 |
|
Total Revenue |
233.1 |
191.1 |
224.0 |
227.9 |
204.5 |
|
|
|
|
|
|
|
|
Cost of Sales |
182.9 |
162.4 |
174.1 |
181.5 |
160.0 |
|
Total SGA |
36.0 |
- |
- |
- |
- |
|
Freight-out cost |
- |
12.0 |
14.0 |
13.6 |
12.5 |
|
Provision for doubtful accounts(SGA) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for bonuses |
- |
1.5 |
-1.2 |
1.2 |
0.7 |
|
Provision for directors' bonuses |
- |
0.0 |
0.1 |
0.3 |
0.2 |
|
Periodic retirement benefit costs |
- |
0.5 |
0.5 |
0.5 |
0.4 |
|
Other general expenses |
- |
20.6 |
21.8 |
18.8 |
20.5 |
|
SP Rev. G on Allow.Doubt.Accts. |
- |
-0.1 |
0.0 |
- |
- |
|
SP G on Negative Goodwill |
- |
0.0 |
- |
-3.9 |
- |
|
SP L. on Retire. of Fixed Assets |
0.3 |
0.3 |
0.0 |
0.2 |
0.0 |
|
SP Loss on disaster |
1.6 |
- |
- |
- |
0.0 |
|
SP Other Special Loss |
- |
6.2 |
0.0 |
- |
- |
|
Total Operating Expense |
220.8 |
203.5 |
209.4 |
212.3 |
194.4 |
|
|
|
|
|
|
|
|
NOP Interest Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Dividends Received |
0.6 |
0.1 |
0.1 |
0.1 |
0.5 |
|
NOP Equity Earnings |
1.6 |
2.7 |
1.1 |
2.4 |
2.2 |
|
NOP Other Non-Operating Income |
1.3 |
1.0 |
1.1 |
0.8 |
0.5 |
|
NOP Interest Expenses |
-1.1 |
-1.1 |
-1.1 |
-1.1 |
-1.0 |
|
NOP Equity Losses |
- |
- |
0.0 |
- |
- |
|
NOP Tax,other than income tax |
-0.4 |
-1.2 |
-0.4 |
- |
-0.4 |
|
NOP Other Non-Operating Expenses |
-0.4 |
0.1 |
-0.4 |
-0.9 |
-0.6 |
|
SP Gain on Sale of Fix Assets |
- |
0.2 |
0.0 |
- |
- |
|
SP G on sales of investment securities |
0.0 |
0.0 |
- |
0.4 |
0.1 |
|
Net Income Before Taxes |
14.0 |
-10.6 |
15.0 |
17.3 |
11.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
4.3 |
-4.3 |
6.2 |
5.0 |
4.6 |
|
Net Income After Taxes |
9.8 |
-6.4 |
8.9 |
12.3 |
6.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
9.7 |
-6.4 |
8.9 |
12.3 |
6.9 |
|
Net Income |
9.7 |
-6.4 |
8.9 |
12.3 |
6.9 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
9.7 |
-6.4 |
8.8 |
12.3 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
9.7 |
-6.4 |
8.8 |
12.3 |
6.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
105.0 |
105.1 |
105.0 |
105.1 |
105.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
Basic EPS Including ExtraOrdinary Item |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
9.7 |
-6.4 |
8.8 |
12.3 |
6.8 |
|
Diluted Weighted Average Shares |
105.0 |
105.1 |
105.0 |
105.1 |
105.1 |
|
Diluted EPS Excluding ExtraOrd Items |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
Diluted EPS Including ExtraOrd Items |
0.09 |
-0.06 |
0.08 |
0.12 |
0.07 |
|
DPS-Common Stock |
0.00 |
0.04 |
0.00 |
0.03 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
4.5 |
0.0 |
3.7 |
0.0 |
|
Normalized Income Before Taxes |
15.9 |
-4.4 |
15.1 |
13.6 |
11.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.9 |
-2.1 |
6.2 |
3.9 |
4.6 |
|
Normalized Income After Taxes |
11.1 |
-2.3 |
8.9 |
9.7 |
6.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
11.0 |
-2.3 |
8.9 |
9.7 |
6.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.10 |
-0.02 |
0.08 |
0.09 |
0.07 |
|
Diluted Normalized EPS |
0.10 |
-0.02 |
0.08 |
0.09 |
0.07 |
|
Interest Expense |
1.1 |
1.1 |
1.1 |
1.1 |
1.0 |
|
Depreciation |
13.9 |
15.7 |
14.7 |
13.8 |
12.0 |
|
Reported Operating Profit |
14.2 |
-6.0 |
14.7 |
11.9 |
10.1 |
|
Reported Ordinary Profit |
15.9 |
-4.4 |
15.0 |
13.2 |
11.4 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
146.1 |
135.4 |
83.0 |
93.1 |
67.1 |
|
Accounts & Notes Receivable, Gross |
231.5 |
205.3 |
189.2 |
202.7 |
168.1 |
|
Inventory |
- |
- |
- |
- |
73.2 |
|
Inventories - merchandise&finished goods |
69.5 |
61.5 |
72.8 |
65.0 |
- |
|
Inventories - work-in-process |
4.6 |
3.2 |
5.4 |
2.5 |
- |
|
Inventories - raw materials & supplies |
24.4 |
18.2 |
15.6 |
17.2 |
- |
|
Prepaid Expenses |
1.5 |
1.1 |
1.3 |
1.2 |
0.7 |
|
Deferred Income Taxes (Current) |
6.4 |
6.9 |
4.2 |
4.8 |
4.4 |
|
Other Current Assets |
12.4 |
4.1 |
4.6 |
9.7 |
5.9 |
|
Allow.Doubt.Accounts (Current) |
-0.4 |
-0.4 |
-0.4 |
-0.2 |
-0.1 |
|
Total Current Assets |
496.0 |
435.4 |
375.7 |
395.9 |
319.2 |
|
|
|
|
|
|
|
|
Buildings & Structures, Gross |
409.7 |
331.6 |
304.3 |
303.7 |
261.7 |
|
Buildings & Structures, depr. |
-274.5 |
-212.8 |
-195.8 |
-189.2 |
- |
|
Machineries, Equip., & Vehicle, Gross |
923.8 |
795.9 |
751.8 |
731.3 |
627.2 |
|
Machineries, Equip., & Vehicle, depr |
-819.9 |
-697.6 |
-636.4 |
-606.2 |
- |
|
Tools, Furniture, & Fixtures, Gross |
121.4 |
97.5 |
93.4 |
90.0 |
74.5 |
|
Tools, Furniture, & Fixtures, depr |
-111.1 |
-88.7 |
-84.2 |
-78.4 |
- |
|
Total Accumulated Depreciation |
- |
- |
- |
- |
-731.1 |
|
Land |
136.6 |
119.3 |
114.3 |
112.9 |
101.9 |
|
Construction-In-Progress |
2.9 |
3.3 |
5.3 |
3.7 |
4.5 |
|
Total Intangible Assets, Net |
5.2 |
4.0 |
4.3 |
3.4 |
3.3 |
|
Long-Term Investment in Securities |
30.8 |
33.6 |
29.6 |
40.2 |
40.5 |
|
Equity Secs.-Nonconsolidated Affil. |
174.5 |
166.1 |
134.3 |
179.1 |
38.4 |
|
Investment Partnership-Nonconsol.Affil. |
10.3 |
9.2 |
2.7 |
2.6 |
2.2 |
|
LT Loans |
4.4 |
0.3 |
0.4 |
0.2 |
0.1 |
|
Long-Term Prepaid Expenses |
1.5 |
0.4 |
0.8 |
1.4 |
1.1 |
|
Deferred Income Taxes (Non-Current) |
26.6 |
26.0 |
31.4 |
27.8 |
21.2 |
|
Other Asset |
5.4 |
10.0 |
10.2 |
9.5 |
7.7 |
|
Allow.Doubt.Accounts (Non-Current) |
-0.8 |
-0.8 |
-1.2 |
-1.3 |
-1.2 |
|
Total Assets |
1,142.8 |
1,032.8 |
940.8 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
Trade Accounts & Notes Payable |
87.0 |
80.9 |
70.6 |
84.4 |
69.9 |
|
Short-Term Borrowings |
35.6 |
29.7 |
27.9 |
23.9 |
50.8 |
|
Long-Term Borrowings (Current) |
25.3 |
31.6 |
33.7 |
20.1 |
- |
|
Current lease obligations |
0.6 |
1.3 |
1.6 |
- |
- |
|
Straight Bonds (Current) |
0.0 |
10.7 |
0.0 |
- |
- |
|
Other Accounts Payable |
34.4 |
15.6 |
16.3 |
31.1 |
12.1 |
|
Income Taxes Payable |
2.2 |
13.7 |
1.4 |
2.3 |
5.7 |
|
Sales Taxes Payable |
0.6 |
3.8 |
1.3 |
3.1 |
0.9 |
|
Accrued Expense |
11.9 |
10.5 |
10.1 |
9.8 |
7.8 |
|
Reserve for Bonuses |
9.0 |
7.2 |
5.7 |
7.0 |
6.3 |
|
Reserve for Directors' Bonuses |
0.7 |
0.8 |
0.1 |
0.6 |
0.6 |
|
Reserve for disaster loss |
2.1 |
0.0 |
- |
- |
- |
|
Other Current Liabilities |
1.9 |
0.7 |
2.8 |
3.0 |
20.4 |
|
Total Current Liabilities |
211.2 |
206.5 |
171.5 |
185.2 |
174.5 |
|
|
|
|
|
|
|
|
Straight Bonds |
12.1 |
0.0 |
10.1 |
10.0 |
8.5 |
|
Long-Term Borrowings |
209.7 |
189.2 |
185.3 |
202.2 |
58.3 |
|
Lease obligations |
1.6 |
1.0 |
1.4 |
- |
- |
|
Total Long Term Debt |
223.4 |
190.3 |
196.8 |
212.3 |
66.7 |
|
|
|
|
|
|
|
|
Reserve for Retirement Benefit(accrued) |
42.8 |
34.9 |
35.7 |
39.0 |
36.2 |
|
Reserve for Officers' Retirement |
- |
- |
- |
- |
0.0 |
|
Reserve for Special Repair |
47.2 |
44.6 |
37.6 |
30.4 |
25.9 |
|
Other Long-Term Liabilities |
4.1 |
4.4 |
4.8 |
3.3 |
4.8 |
|
Minority Interests |
0.5 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Total Liabilities |
529.3 |
481.1 |
446.8 |
470.6 |
308.5 |
|
|
|
|
|
|
|
|
Common Stock |
169.8 |
150.6 |
142.5 |
141.4 |
119.2 |
|
Paid-In Capital |
208.7 |
185.1 |
175.2 |
173.8 |
146.5 |
|
Retained Earning |
309.7 |
269.9 |
235.8 |
235.4 |
191.1 |
|
Unrlzd.Gain/Loss |
-0.3 |
2.3 |
0.6 |
7.7 |
10.7 |
|
Deferred hedge gain/loss |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Translation Adj. |
-59.9 |
-43.3 |
-47.8 |
-1.3 |
-4.3 |
|
Treasury Stock |
-14.7 |
-13.0 |
-12.2 |
-0.9 |
-0.6 |
|
Total Equity |
613.5 |
551.6 |
494.1 |
556.2 |
462.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,142.8 |
1,032.7 |
940.9 |
1,026.8 |
771.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
105.0 |
105.1 |
105.1 |
111.1 |
111.1 |
|
Total Common Shares Outstanding |
105.0 |
105.1 |
105.1 |
111.1 |
111.1 |
|
T/S-Common Stock |
6.4 |
6.4 |
6.4 |
0.3 |
0.3 |
|
Full-Time Employees |
1,897 |
1,809 |
1,828 |
1,850 |
1,879 |
|
Number of Common Shareholders |
8,729 |
8,794 |
9,329 |
9,937 |
10,363 |
|
LT Debts <1Yr. |
25.5 |
42.3 |
33.7 |
20.1 |
30.7 |
|
LT Debts <2Yr. |
39.3 |
22.5 |
40.0 |
33.5 |
16.9 |
|
LT Debts <3Yr. |
24.3 |
34.8 |
21.3 |
39.7 |
19.7 |
|
LT Debts <4Yr. |
124.8 |
21.4 |
32.9 |
16.1 |
25.0 |
|
LT Debts <5Yr. |
33.8 |
110.6 |
20.2 |
32.7 |
5.1 |
|
LT Debts in remaining Yr. |
0.0 |
- |
81.0 |
90.4 |
- |
|
Total Long Term Debt, Supplemental |
247.6 |
231.5 |
229.1 |
232.4 |
97.4 |
|
Capital lease maturing within 1 yr. |
0.6 |
1.3 |
1.6 |
- |
- |
|
Capital lease maturing within 2 yr. |
0.5 |
0.4 |
1.1 |
- |
- |
|
Capital lease maturing within 3 yr. |
0.5 |
0.3 |
0.2 |
- |
- |
|
Capital lease maturing within 4 yr. |
0.3 |
0.2 |
0.1 |
- |
- |
|
Capital lease maturing within 5 yr. |
0.1 |
0.1 |
0.0 |
- |
- |
|
Capital lease maturing in remaining yr. |
0.3 |
0.0 |
0.0 |
- |
- |
|
Total Capital Leases |
2.2 |
2.4 |
3.0 |
- |
- |
|
Pension obligation |
92.8 |
74.8 |
73.5 |
79.4 |
73.3 |
|
Fair value of plan asset |
46.5 |
35.2 |
30.9 |
32.2 |
29.4 |
|
Funded status |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
Total Funded Status |
-46.3 |
-39.6 |
-42.6 |
-47.2 |
-43.9 |
|
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% |
|
Unrecognized actuarial gains and losses |
3.5 |
4.7 |
6.9 |
8.2 |
7.6 |
|
Reserve for accrued retirement benefits |
-42.8 |
-34.9 |
-35.7 |
-39.0 |
-36.2 |
|
Net Assets Recognized on Balance Sheet |
-39.3 |
-30.3 |
-28.7 |
-30.8 |
-28.6 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
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 |
137.2 |
146.1 |
128.1 |
116.9 |
125.2 |
|
Accounts & Notes Receivable, Gross |
269.7 |
231.5 |
278.2 |
275.6 |
243.7 |
|
Inventories - merchandise&finished goods |
72.4 |
69.5 |
65.0 |
59.8 |
59.5 |
|
Inventories - work-in-process |
5.2 |
4.6 |
4.5 |
4.3 |
2.2 |
|
Inventories - raw materials & supplies |
25.1 |
24.4 |
24.3 |
23.3 |
19.6 |
|
Other |
18.4 |
20.2 |
13.6 |
13.6 |
10.8 |
|
Allowance for doubtful accounts |
-0.4 |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
|
Total Current Assets |
527.6 |
496.0 |
513.2 |
493.1 |
460.6 |
|
|
|
|
|
|
|
|
Buildings & Structures, Net |
136.4 |
135.2 |
139.3 |
137.9 |
123.3 |
|
Machineries, Equipment, &Vehicles, Net |
100.0 |
103.9 |
101.4 |
104.5 |
97.8 |
|
Tools, Furniture, & Fixtures, Net |
9.8 |
10.4 |
10.6 |
10.8 |
9.2 |
|
Land |
140.2 |
136.6 |
139.6 |
135.5 |
125.9 |
|
Construction-In-Progress |
4.0 |
2.9 |
13.0 |
6.5 |
7.0 |
|
Intangible assets |
5.4 |
5.2 |
4.9 |
4.7 |
4.1 |
|
LT Investment in Sec. |
32.0 |
30.8 |
33.3 |
31.7 |
32.0 |
|
Investment in Associated Company |
185.2 |
174.5 |
182.4 |
176.3 |
177.2 |
|
Other |
49.5 |
48.2 |
53.4 |
57.1 |
53.2 |
|
Allowance for doubtful accounts |
-0.7 |
-0.8 |
-0.8 |
-0.8 |
-0.8 |
|
Total Assets |
1,189.4 |
1,142.8 |
1,190.2 |
1,157.2 |
1,089.4 |
|
|
|
|
|
|
|
|
Trade Accounts & Notes Payable |
97.3 |
87.0 |
97.0 |
97.8 |
91.3 |
|
Short-Term Borrowings |
55.2 |
35.6 |
79.4 |
79.5 |
71.5 |
|
Long-Term Borrowings (Current) |
- |
25.3 |
- |
- |
- |
|
Current lease obligations |
- |
0.6 |
- |
- |
- |
|
Straight Bonds (Current) |
- |
0.0 |
12.3 |
12.0 |
11.3 |
|
Income Taxes Payable |
2.9 |
2.2 |
3.8 |
8.6 |
2.0 |
|
Allowance |
4.6 |
11.7 |
4.2 |
10.0 |
3.9 |
|
Other |
57.8 |
48.8 |
43.8 |
35.1 |
44.5 |
|
Total Current Liabilities |
217.9 |
211.2 |
240.7 |
243.1 |
224.5 |
|
|
|
|
|
|
|
|
Straight Bonds |
12.4 |
12.1 |
- |
- |
- |
|
Long-Term Borrowings |
220.2 |
209.7 |
203.2 |
194.9 |
193.0 |
|
Lease obligations |
- |
1.6 |
- |
- |
- |
|
Total Long Term Debt |
232.5 |
223.4 |
203.2 |
194.9 |
193.0 |
|
|
|
|
|
|
|
|
Reserve for Accrued Retirement Benefits |
42.8 |
42.8 |
45.1 |
45.2 |
35.8 |
|
Reserve for Special Repairs |
50.2 |
47.2 |
56.9 |
53.7 |
48.9 |
|
Other |
6.0 |
4.1 |
5.0 |
5.4 |
5.3 |
|
Minority Interests |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Total Liabilities |
549.9 |
529.3 |
551.5 |
542.7 |
507.9 |
|
|
|
|
|
|
|
|
Common Stock |
174.3 |
169.8 |
173.5 |
168.5 |
159.0 |
|
Capital Surplus |
214.2 |
208.7 |
213.3 |
207.1 |
195.5 |
|
Retained earnings |
323.1 |
309.7 |
323.0 |
308.6 |
279.4 |
|
Treasury Stock |
-15.1 |
-14.7 |
-15.0 |
-14.5 |
-13.7 |
|
Reserve by Val. of Investment Sec. |
-0.1 |
-0.3 |
0.8 |
0.2 |
0.5 |
|
Deferred gains or losses on hedges |
0.1 |
0.3 |
0.0 |
-0.1 |
0.0 |
|
Cumulative Translation Adjustments |
-56.9 |
-59.9 |
-56.9 |
-55.3 |
-39.2 |
|
Total Equity |
639.4 |
613.5 |
638.7 |
614.4 |
581.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,189.4 |
1,142.8 |
1,190.2 |
1,157.2 |
1,089.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
105.0 |
105.0 |
105.0 |
105.1 |
105.1 |
|
Total Common Shares Outstanding |
105.0 |
105.0 |
105.0 |
105.1 |
105.1 |
|
T/S-Common Stock |
6.4 |
6.4 |
6.4 |
6.4 |
6.4 |
|
Full-Time Employees |
- |
1,897 |
1,911 |
1,911 |
1,795 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
AZSA & Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income before Taxes |
33.9 |
47.0 |
10.1 |
19.9 |
27.0 |
|
Depreciation |
56.0 |
54.0 |
55.9 |
47.4 |
39.2 |
|
Impairment Loss |
- |
- |
0.0 |
3.6 |
0.0 |
|
Equity in Affilliate |
-8.4 |
-8.4 |
-3.2 |
-1.0 |
-1.6 |
|
G on Negative Goodwill |
-3.9 |
0.0 |
- |
- |
- |
|
Reserve for Doubtful Accounts |
-0.1 |
-0.6 |
0.2 |
-0.1 |
0.1 |
|
Allow-Special Repair |
-2.9 |
4.9 |
6.9 |
-0.3 |
-1.8 |
|
Reserve for Retirement Benefits(accrued) |
-4.8 |
-2.8 |
-3.6 |
-3.5 |
-3.9 |
|
Reserve for Directors' Retire. Benefits |
- |
- |
- |
0.0 |
-1.6 |
|
Reserve for Bonuses |
0.5 |
1.2 |
-1.4 |
-0.4 |
-0.2 |
|
Reserve for Dir.'s Bonuses |
-0.2 |
0.6 |
-0.4 |
-0.1 |
0.6 |
|
Reserve for disaster loss |
2.0 |
0.0 |
- |
- |
- |
|
Val.Loss-Invest.Sec |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Write off-fixed assets |
1.1 |
4.1 |
2.2 |
2.7 |
3.6 |
|
Sale-fixed assets |
-0.2 |
-11.1 |
0.0 |
-0.4 |
0.0 |
|
L.Retire/sale of .Intang.Asset |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain on Sale of Long-Term Inv't in Secs. |
-0.5 |
- |
0.0 |
-0.1 |
-0.4 |
|
L on Sale of Long-Term Inv't in Secs. |
- |
0.1 |
- |
- |
- |
|
L on sale of affiliated securities |
- |
- |
0.0 |
0.1 |
0.0 |
|
L on extinguish of tying stock |
- |
- |
0.0 |
0.3 |
0.0 |
|
L on valuation of affiliated sec. |
- |
0.0 |
0.1 |
0.0 |
- |
|
Reversal of Int.& Dividends Received |
-0.9 |
-0.7 |
-1.0 |
-0.9 |
-0.6 |
|
Reversal of Interest Expenses |
4.4 |
4.4 |
4.3 |
2.3 |
1.9 |
|
Account Receivable |
9.1 |
-7.8 |
15.6 |
-2.4 |
-12.9 |
|
Inventories |
0.2 |
16.3 |
-8.3 |
1.8 |
3.9 |
|
Account Payable |
0.4 |
5.6 |
-14.8 |
0.8 |
-4.1 |
|
Director Bonus Paid |
- |
- |
- |
0.0 |
-0.5 |
|
Other Operating Activities |
-8.0 |
1.9 |
-1.7 |
4.9 |
-1.9 |
|
Int. and Div. Income |
3.7 |
5.0 |
3.9 |
1.4 |
1.2 |
|
Interest Paid |
-4.4 |
-4.3 |
-4.4 |
-2.1 |
-1.9 |
|
Income Tax Paid |
-22.1 |
-2.0 |
-4.4 |
-10.3 |
-1.9 |
|
Increase due to mergers |
- |
- |
0.0 |
0.0 |
0.0 |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Cash from Operating Activities |
54.8 |
107.8 |
56.2 |
63.8 |
44.1 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-31.6 |
-34.4 |
-48.7 |
-29.7 |
-43.6 |
|
Sale-Prop.& Equip. |
0.5 |
14.2 |
0.0 |
3.5 |
4.9 |
|
Purch-Intang. Assets |
-1.5 |
-0.9 |
-1.0 |
-0.8 |
-1.1 |
|
Purchase of Long-Term Inv't in Sec. |
-0.1 |
-0.2 |
-1.2 |
-0.8 |
-5.7 |
|
Sale of Long-Term Investment in Sec. |
2.3 |
0.4 |
0.0 |
0.1 |
0.6 |
|
Redemption .LT Inv't in Sec. |
- |
- |
- |
0.0 |
0.1 |
|
Purchase of Affiliates Securities |
-0.9 |
-13.0 |
-0.2 |
-118.6 |
0.0 |
|
Sale Affil.Co. |
- |
0.0 |
6.4 |
0.0 |
- |
|
Payments for investments in capital of s |
0.0 |
-6.3 |
0.0 |
- |
- |
|
Purch. Subs' stock/Consol. scope change |
-7.0 |
0.0 |
- |
- |
- |
|
Payments of loans receivable |
-5.1 |
0.0 |
- |
- |
- |
|
Other Investments Made |
-3.1 |
-1.1 |
-2.6 |
-1.2 |
-2.0 |
|
Other Investments Collected |
7.3 |
1.1 |
1.2 |
0.7 |
1.6 |
|
Cash from Investing Activities |
-39.3 |
-40.3 |
-46.1 |
-146.6 |
-45.2 |
|
|
|
|
|
|
|
|
Change in Short-Term Debt, Net |
2.1 |
0.2 |
3.8 |
0.0 |
12.1 |
|
Long-Term Debts, Issued |
21.0 |
21.5 |
14.9 |
132.6 |
5.1 |
|
Long-Term Debts, Repaid |
-34.4 |
-32.3 |
-19.9 |
-31.7 |
-18.8 |
|
Bond Issued |
11.5 |
0.0 |
- |
- |
0.0 |
|
Bond Redemption |
-11.7 |
0.0 |
- |
- |
- |
|
Treasury stock transactions, net |
0.0 |
-0.1 |
-11.1 |
-0.1 |
-0.1 |
|
Repayment of finance lease |
-1.5 |
-1.7 |
-1.7 |
0.0 |
- |
|
Dividends Paid |
-8.6 |
-7.3 |
-6.6 |
-6.3 |
-6.2 |
|
Dividends Paid to Minority Shareholders |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other payments, financing |
0.0 |
0.0 |
- |
- |
- |
|
Cash from Financing Activities |
-21.7 |
-19.7 |
-20.6 |
94.5 |
-7.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-6.4 |
47.9 |
-10.6 |
11.7 |
-9.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
147.6 |
88.2 |
92.2 |
69.3 |
76.7 |
|
Net Cash - Ending Balance |
141.3 |
136.1 |
81.6 |
81.1 |
67.7 |
|
Cash Interest Paid |
4.4 |
4.3 |
4.4 |
2.1 |
1.9 |
|
Cash Taxes Paid |
22.1 |
2.0 |
4.4 |
10.3 |
1.9 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
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 Before Tax |
33.9 |
43.6 |
28.6 |
11.5 |
47.0 |
|
Depreciation |
56.0 |
40.4 |
25.8 |
12.0 |
54.0 |
|
Equity in Affilliate |
-8.4 |
- |
- |
- |
-8.4 |
|
G on Negative Goodwill |
-3.9 |
- |
- |
- |
0.0 |
|
Reserve for Doubtful Accounts |
-0.1 |
- |
- |
- |
-0.6 |
|
Reserve for Speical Repairs |
-2.9 |
- |
- |
- |
4.9 |
|
Reserve for Retirement Benefits |
-4.8 |
- |
- |
- |
-2.8 |
|
Reserve for Bonuses |
0.5 |
- |
- |
- |
1.2 |
|
Reserve for Dir.'s Bonuses |
-0.2 |
- |
- |
- |
0.6 |
|
Reserve for disaster loss |
2.0 |
- |
- |
- |
0.0 |
|
Loss on Val. LT Inv't in Secs. |
0.0 |
- |
- |
- |
0.3 |
|
L on retirement of fixed assets |
1.1 |
- |
- |
- |
4.1 |
|
G on the sale of PPE |
-0.2 |
0.0 |
- |
- |
-11.1 |
|
L.Retire/sale of .Intang.Asset |
0.0 |
- |
- |
- |
0.0 |
|
G on Sale of LT Inv't in Secs. |
-0.5 |
- |
- |
- |
- |
|
L on Sale of LT Inv't in Secs. |
- |
- |
- |
- |
0.1 |
|
L on valuation of affiliated sec. |
- |
- |
- |
- |
0.0 |
|
Reversal of Int.& Dividends Rcvd. |
-0.9 |
- |
- |
- |
-0.7 |
|
Reversal of Interest Expenses |
4.4 |
- |
- |
- |
4.4 |
|
(Inc) Dec Accounts Receivable |
9.1 |
-30.5 |
-35.0 |
-26.0 |
-7.8 |
|
(Inc) Dec Inventories |
0.2 |
6.7 |
9.6 |
6.1 |
16.3 |
|
Inc(Dec) in Acts & Notes Payable |
0.4 |
-1.7 |
2.1 |
7.2 |
5.6 |
|
Other Operating Activities |
-8.0 |
-15.2 |
-9.8 |
5.1 |
1.9 |
|
Int & Div.Received(Cash Basis) |
3.7 |
1.1 |
0.6 |
0.5 |
5.0 |
|
Interest Paid (Cash Basis) |
-4.4 |
-2.6 |
-2.1 |
-0.4 |
-4.3 |
|
Income Taxes Paid&refunded |
-22.1 |
-21.5 |
-13.4 |
-13.8 |
-2.0 |
|
Cash from Operating Activities |
54.8 |
20.3 |
6.3 |
2.1 |
107.8 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-31.6 |
-23.9 |
-15.7 |
-8.2 |
-34.4 |
|
Sale of PPE |
0.5 |
0.0 |
- |
- |
14.2 |
|
Purchase of Intangible Assets |
-1.5 |
- |
- |
- |
-0.9 |
|
Purchase of LT Inv't in Sec. |
-0.1 |
- |
- |
- |
-0.2 |
|
Sale of Long-Term Investment in Sec. |
2.3 |
2.2 |
2.2 |
- |
0.4 |
|
Sale of Affiliates Securities |
- |
- |
- |
- |
0.0 |
|
Purchase of Affiliates Securities |
-0.9 |
-0.8 |
-0.8 |
-0.8 |
-13.0 |
|
Closely-held inv'ts made |
0.0 |
0.0 |
- |
0.0 |
-6.3 |
|
Purch. Subs' stock/Consol. scope change |
-7.0 |
-6.9 |
-6.8 |
- |
0.0 |
|
Payments of loans receivable |
-5.1 |
-4.1 |
-4.0 |
-3.4 |
0.0 |
|
Other Investments Made |
-3.1 |
- |
- |
- |
-1.1 |
|
Other Investments Collected |
7.3 |
- |
- |
- |
1.1 |
|
Other investment activities |
- |
2.9 |
-2.4 |
-1.6 |
- |
|
Cash from Investing Activities |
-39.3 |
-30.7 |
-27.5 |
-14.1 |
-40.3 |
|
|
|
|
|
|
|
|
Change in Short-Term Debt, Net |
2.1 |
0.2 |
0.2 |
0.0 |
0.2 |
|
Long-Term Debts, Issued |
21.0 |
4.6 |
2.2 |
0.0 |
21.5 |
|
Long-Term Debts, Repaid |
-34.4 |
-10.4 |
-7.9 |
0.0 |
-32.3 |
|
Bond Issued |
11.5 |
- |
- |
- |
0.0 |
|
Bond Redemption |
-11.7 |
- |
- |
- |
0.0 |
|
Treasury stock transactions, net |
0.0 |
- |
- |
- |
-0.1 |
|
Repayment of finance lease |
-1.5 |
- |
- |
- |
-1.7 |
|
Cash Dividends Paid |
-8.6 |
-8.5 |
-4.7 |
-4.6 |
-7.3 |
|
Dividends Paid to Minority Shareholders |
0.0 |
- |
- |
- |
0.0 |
|
Other financing activities |
0.0 |
-1.4 |
-1.0 |
-0.5 |
0.0 |
|
Cash from Financing Activities |
-21.7 |
-15.5 |
-11.1 |
-5.1 |
-19.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
-0.1 |
-0.1 |
0.1 |
|
Net Change in Cash |
-6.4 |
-26.1 |
-32.4 |
-17.1 |
47.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
147.6 |
145.7 |
142.2 |
137.4 |
88.2 |
|
Net Cash - Ending Balance |
141.3 |
119.7 |
109.8 |
120.3 |
136.1 |
|
Cash Interest Paid |
4.4 |
2.6 |
2.1 |
0.4 |
4.3 |
|
Cash Taxes Paid |
22.1 |
21.5 |
13.4 |
13.8 |
2.0 |
Business Segments
Financials in: As Reported (mil)
|
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Business Segments
Financials in: As Reported (mil)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.91 |
|
UK Pound |
1 |
Rs.76.53 |
|
Euro |
1 |
Rs.66.43 |
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.