MIRA INFORM REPORT
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Report Date : |
14.12.2012 |
IDENTIFICATION DETAILS
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Name : |
MITSUBISHI HEAVY INDUSTRIES, LTD. |
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Registered Office : |
Mitsubishi Juko Bldg. 2-16-5, Konan, Minato-ku Tokyo, 108-8215 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
11.01.1950 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines |
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No. of Employees : |
68,816 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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Maximum Credit Limit : |
USD 760000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com while quoting report
number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
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Source : CIA |
Company
name and address
Mitsubishi Heavy
Industries, Ltd.
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Business
Description
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Mitsubishi Heavy Industries, Ltd. has six segments. The Marine Vessel
and Ocean segment offers oil tankers, container ships, passenger ships, car
ferries and others. The Power Engine segment offers boilers, turbines,
windmills, diesel engines, nuclear equipment, seawater desalination equipment
and pumps. The Machinery and Steel Structure segment offers exhaust fume
treatment equipment, waste treatment systems, traffic systems, cranes,
bridges, chimney pipes and printing machinery. The Aviation and Space segment
offers space equipment, aircrafts and torpedoes. The General Machinery and
Special Vehicle segment offers forklifts, construction machinery, engines,
tractors and agricultural machinery. The Others segment offers
air-conditioning equipment, real estate sales services and printing services,
among others. On April 1, 2012, it transferred transportation system business
and rubber & tire business to MEC Engineering Service Co.,Ltd., and
mechatronics business to another subsidiary. For the six months ended 30
September 2011, Mitsubishi Heavy Industries, Ltd.'s revenues decreased 5% to
Y1.294T. The Company's net income totaled Y39.89B, up from Y17.37B. Revenues
reflect lower sales due to decreased market demands. Higher net income
benefited from lower percentage of cost of sales, the presence of gain on
sale of fixed assets, as well as the absence of loss on adjustment for
changes of accounting assets. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2911 - Manufacture of engines and
turbines, except aircraft, vehicle and cycle engines |
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NAICS 2002: |
333611 - Turbine and Turbine Generator Set
Units Manufacturing |
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UK SIC 2003: |
2911 - Manufacture of engines and
turbines, except aircraft, vehicle and cycle engines |
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US SIC 1987: |
3511 - Steam, Gas, and Hydraulic Turbines,
and Turbine Generator Set Units |
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Key Executives
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Significant
Developments
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* number of significant developments within the last 12 months |
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News
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Financial Summary
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Credit Limit
USD 760000
Stock Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = JPY 78.96121
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.38536
Corporate
Overview
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Mitsubishi Heavy
Industries, Ltd. The Strategic Initiatives report is created using technology to extract
meaningful insights from analyst reports about a company's strategic projects
and investments. More about Strategic
Initiatives
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Partnerships |
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The total orders and due to increase in order for forklift trucks in
Asia and North America, generator sets for Japan and Asia, and turbochargers
for auto manufacturers in Europe and North America.FinancialsFor the fiscal
year ended March 2012, the General Machinery & Special Vehicles segment
generated revenue of JPY381.7m, representing an increase of 11.3% compared to
2011. This segment accounted to 13.3% of the total revenue.Key StrategiesThe
company’s key strategy for its General Machinery & Special Vehicles
segment is to accelerate the expansion of market share and investment
recovery. Further, the company is expanding its forklift trucks product
lineup by strengthening its alliance with Nippon Yusoki Co., Ltd.Machinery
& Steel Infrastructure SystemsThis segment manufactures, installs, sells
and repairs transportation systems, toll and fare collection machinery and
other ITS equipment, petrochemical plants, flue gas desulfurization systems,
flue gas CO2 recovery plants and various other chemical plants, oil and gas
production plants, compressors and turbines, iron and steel manufacturing
machinery, automotive products, medical systems, bridges, hydraulic gates,
stacks, parking systems, tanks, and various |
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Overview
Mitsubishi Heavy Industries, Ltd. (MHI) is a Japan-based manufacturer of
heavy machinery. The company caters to energy, aircraft, space, ship and ocean,
transportation, material handling, environment, automotive, industrial
machinery, infrastructure, living and leisure, and defense industry. Its broad
product portfolio allows it to fulfill the needs of various industries and
helps in tapping huge opportunities. However, volatile economic environment
could have an adverse impact on the company's business performance.
Strengths
Diversified Business Operations
MHI manages a diverse portfolio of products and services for a number of
industrial verticals. The company offers products and services under several
industry verticals. For energy sector, MHI 's product and service offering
range from construction through to after-sales service to power generation plants.
The company provides several components used in aircraft such as wings and
fuselages. It also develops develops passenger jet that uses advanced aircraft
technologies and is environment friendly. The company offers launch services
and participates in development of space technologies. MHI offered its services
to H-IIA that is Japan's first primary launch vehicle and participated in the
development and production of Japanese Experiment Module (JEM). For marine
industry, the company manufactures ships and related offshore structures. To
transport sector it offers high-speed trains, subways, steercars, traffic
management systems that help in public transport. MHI provides large cranes for
material handling at sea ports and forklift trucks for use in distribution of
several goods. For the environment sector the company designs and develops
facilities and systems to prevent air and marine pollution and reduce
environment impact. The company manufactures a number of automotive components
such as air conditioners, turbochargers, simulators and machine tools for the
automotive sector. It caters to industrial facilities by offering several
equipment for chemical plants, print pressing, and medical equipment. The
company offers construction machinery and systems that are used in the
development of general infrastructure such as roads, tunnels, subways, water
supply and sewage systems, among others. It offers air conditioners, leisure
facilities and cruise ships. The company also supports defense sector by offering
technologies used in several equipment used in air, naval and land defense.
Such broad product and service portfolio support the company to serve a broader
market and customer base that helps in revenue diversification.
MHI’s Power Systems division manufactures a wide range of power
generating products. The company's capacities in the segment range from
offering construction services to after-sales services for several types of
power plants, including thermal, nuclear, and wind power plants. MHI
manufactures boilers, Gas Turbine Combined Cycle (GTCC) power plants,
Integrated Coal Gasification Combined Cycle (IGCC) power plants, steam
turbines, gas turbines, diesel engines, water turbines, wind turbines, SCR
(DeNOx) systems, marine machinery, and desalination plants, and provides
services for the same. It also manufactures, installs, sells and repairs
nuclear power plants and equipment, advanced reactor plants, and nuclear fuel
cycle plants. MHI, under its Energy product category, provides fossil fuel
power plants, renewable energy power plants, nuclear power generation, engine
power plants, solid oxide fuel cells, oil and gas production plants, and fuel
production. Under renewable energy power plants, its products are thin film PV
modules, wind turbine generators, geothermal power plants and water turbine
plants.
MHI carries out a number of research and development (R&D)
activities to accelerate its growth. The company’s R&D arm focuses on
activities that could help in cost reduction and process improvement, quality
assurance, process control, and system development. It also focuses on
developing new manufacturing methods and improving the existing manufacturing
processes, besides new product development and improvement of the existing
products. The company conducts R&D activities at its six R&D
facilities, namely, Advanced Technology Research Center, Yokohama Research
& Development Center, Nagasaki Research & Development Center and
Takasago Research & Development Center that develops technologies for
energy and environment-related products. Its Hiroshima Research &
Development Center focuses on development of technologies for transportation
and conveyance system. During the fiscal year ended March 2012 and 2011, the company
invested JPY48,954m and JPY58,912m toward R&D activities. A strong focus on
R&D activities will provide the company an edge over its competitors in
improving its operational performances. New product and technology adoption
strengthen the company’s innovative capabilities and provide a source of
future revenues for the company.
Weaknesses
Steady Decline in Revenue Generation
MHI reported steady fall in revenue since 2009. During the fiscal year
2009, the company generated revenue of JPY3,375,674m, which declined to
JPY2,940,887m in 2010 and JPY2,903,770m in 2011. Besides, during fiscal 2012,
the company's revenue declined by to JPY2,820,932m. Such fall in revenue during
fiscal 2011 could be attributed to 4.2% fall in revenue from Power Systems segment
and 23.1% fall in Machinery and Steel Infrastructure Systems. During fiscal
2012, the company's operating income increased 20.9%, to JPY61,546m, compared
to JPY50,885m in 2010. However, higher operating costs (as a % of sales) were
high during fiscal at 97.82% and 98.3% during fiscal 2012 and 2011 that has
been impacting its profit margins.
MHI maintains a global presence. The company conducts its business operations
in North America, Central and South America, Asia, Middle East, Europe, Asia
and Oceania. MHI's global presence is supported by its operational network of
subsidiaries, manufacturing facilities and offices. However, during the fiscal
year ended March 2012 (fiscal 2012), the company generated 92.9% of total
revenue from Japan. Of the total operating income the company generated, 94%
was from Japan. Besides, in fiscal 2011, the company procured approximately 79%
of its total supplies from domestic suppliers. Thus, the company's
over-dependence on its domestic market for substantial portion of its revenue
and supply limits its ability to tap potential opportunities offered by
international markets, particularly emerging markets.
Opportunities
Potential Opportunities in Growth Markets
The growing Indian and Chinese markets creates huge opportunity for MHI.
The pace of industrialization in China and India and other Asian countries are
expected to keep global demand for these commodities high in coming years.
Increasing investments in emerging markets, particularly in China and India
provides growth opportunities for Scope. According to industry estimates,
infrastructure investments are expected to increase sharply in emerging
markets. With a population of more than 1 billion, China and India's
infrastructure needs are massive. China and India are expected to spend close
to $803.5 billion for infrastructure projects by 2012. According to Asian
Development Bank, in the next 10 years China will spend approximately $4.37
trillion on infrastructure. The nation will invest on building and upgrading
energy infrastructure, telecommunications, transport, and water and sanitation
infrastructure. In March 2011, China's 12th Five-Year Plan (2011-2015) was
released. Some of the key infrastructure investments under the plan include
development of emerging strategic industries, construction of large-scale
hydropower plants; increase the length of highspeed railway to 45,000 km;
upgrade the length of highway network to 83,000 km; construction of a new
airport in Beijing; increase the total number of airport from 175 to 220; and
construction of 36 million affordable apartments for low income people. The
Indian Prime Minister also declared to invest $1 trillion towards infrastructure
during the India's 12th Plan (2012-17), which would double the current plan
figure. The amount spent on transportation (roads, railways, ports and
airports), which stood 33% of total infrastructure spend in the 11th Plan, is
expected to double in the 12th plan, and could be approximately $1,000 billion,
against $500 billion. Brazil is expected to spend approximately $900 billion in
the coming years to construct port facilities, power plants, hydroelectric
dams, and a high-speed railway, among others. Thus, strong economic growth
prospects and requirement provides immense scope to the company to attain new
projects and contracts in the region.
Growing orders supports the company's future revenue generation
capacities. During the fiscal year ended March 2012, total order intake of MHI
increased 6.5% to JPY3,188.8 billion, compared to JPY2,995.4 billion recorded
at the end of previous fiscal year. Such growth is attributed to increase in
orders received by its by its business segments, leaving the Aerospace System.
In March 2012, the company's subsidiary Mitsubishi Heavy Industries Compressor
Corporation (MCO) was awarded a contract from Braskem Idesa, S.A.P.I. of Mexico
to supply five compressors and three steam turbines. In March 2012, through its
subsidiary, MHI received a contract from Ichthys LNG Project to supply nine
compressors and seven motors to drive compressors. The same month, the company
received a series of orders to supply ten units of M501J gas turbines for installation
at four power projects in Korea. Earlier in March 2012, MHI and Mitsubishi
Power Systems Americas, Inc. (MPSA), its wholly owned subsidiary in the US
received an order from Virginia Electric and Power Company (VEPCO) to supply
three M501GAC gas turbines and one steam turbine. MHI also won several other
contacts since the beginning of 2012. Thus, attainment of contracts provides
opportunity for future revenue generation.
Acquisitions and Joint Venture Partnerships
MHI aims at expanding its business through strategically aligned
acquisitions and joint venture (JV) partnerships. In May 2012, the company
along with eight other Japanese companies jointly launched a demonstration
study for the Albuquerque Business District Smart Grid Demonstration Project.
The project will be carried as a part of the Japan-U.S. Collaborative Smart
Grid Demonstration Project and will be conducted under a two year planned
study. In April 2012, the company declared to acquire Federal Broach Holdings,
LLC (Federal Broach), which is a leading manufacturer of broaches1 and broach
machines. The acquisition will provide a substantial customer base in North
America and Europe for tooling and equipment to both motor vehicle and aircraft
industries. In April 2012, MHI increased its shareholding in MHI-VST Diesel
Engines Pvt. Ltd. (MVDE), a diesel engine manufacturer and marketer established
along with V.S.T. Tillers Tractors Ltd. (VTTL), a manufacturer of power tillers
and tractors in India. The acquisition is aimed to tap the increasing
popularity of the company's brand in the Indian market. Increasing its stake in
MVDE will provide the JV sufficient financial strength to handle large-scale
business transactions and further enhance its product lineup. The same month,
MHI signed an agreement with Shanghai Diesel Engine Co., Ltd. (SDEC), to
establish a JV, Shanghai MHI Engine Co., Ltd. The new JV will manufacture and
market diesel engines in China. Through the JV both the companies will enter
into the growing Chinese market for industrial-use diesel engines. In April
2012, MHI established a new company Mitsubishi Heavy Industries Machinery
Technology Corporation that will operate in the industrial machinery business.
The new company will provide MHI greater flexibility, strength and will help to
enhance is revenue generation capacity. In March 2012, MHI and Sinopacific
Shipbuilding Group Co., Ltd. of China signed a joint-development agreement.
Under the terms of the agreement, MHI will provide technological support to
Sinopacific in commercial vessel construction. In February 2012, the company
declared to establish new companies for its engineering and control system
businesses by integrating its companies in Nagasaki, Takasago and Yokohama.
Such acquisitions and partnerships will provides immense growth opportunities
for the company to expand its business potential.
Threats
Economic Slowdown and Market Dynamics
MHI could face several challenges due to global economic slowdown. IMF
in its April 2012 outlook revised world economic growth to 3.25% for 2012,
compared to its September 2011 estimated of 4%. IMF in its report also mentions
that during 2013, the world economy is expected to improve to 4.1%. However,
weak economic situation in Europe, and high unemployment levels in a number of
advanced economies will continue to affect the global economy. The US is also
expected to record moderate growth of 2.1% and 2.5% in 2012 and 2013, due to
ongoing fiscal consolidation and weakness in housing prices. In Europe, GDP
growth is expected to contract in the first half of 2012 and will recover
thereafter. But Spain, Italy, Greece, and Portugal will start to recover only
in 2013. Besides, emerging Europe's growth is expected to decline to 1.9% in
2012. As a result, during 2012 and 2013, Europe is expected to record a growth
of 0.2% and 1.4%, respectively. The sluggish economic growth could cause some
of the company’s customers to be unable to fully comply with the terms of
their purchase agreements.
Evolving Technological Environment
MHI needs to have a strong focus on developing new technologies. Growing
competition and focus on cost efficiency have resulted in various innovative
technological advancements in the industry. These changes have been occurring
at a rapid pace and at unpredictable intervals. This ongoing, rapid
technological change also shortens the useful life of some of the company’s
technology assets, thereby forcing the customers to replace these assets quite
often. As a result, customers may begin preferring short-term contracts for
these assets, thereby making the company’s future revenues less predictable.
If the company fails to successfully update its products or integrate with the
latest technology needed by the customers, its business and financial results
may suffer.
Business Contracts Related Risks
The company participates in a number of projects in international
markets. This makes the company susceptible to a number of risks related to
individual business contracts. The company's contract projects are exposed to
risks such as quality and delivery of locally procured materials, labor
practices of the local staff and related contractual obligations. The company
conducts several internal assessments to mitigates these risks prior to
conclusion. Besides, the projects handled by the company in international
markets also need to attain certain local approvals. However, due to the local
political and regulatory conditions the company's business could be affected.
Corporate
Structure News
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Mitsubishi Heavy
Industries, Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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|
Parent |
Tokyo |
Japan |
Miscellaneous Capital Goods |
35,725.5 |
68,816 |
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Joint venture with Mitsubishi Caterpillar Forklift Europe B.V.. |
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Mitsubishi Heavy Industries-Mahajak
Air Conditioners Co., Ltd |
Subsidiary |
Bangkok |
Thailand |
Water Transportation |
2,000 |
||
|
Subsidiary |
Tokyo |
Japan |
Engineering Consultants |
1,291.9 |
1,901 |
||
|
Subsidiary |
Nagoya, Aichi |
Japan |
Aerospace and Defense |
231.3 |
1,060 |
||
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Mitsubishi Heavy Industries
Printing & Packaging Machinery, Ltd. |
Subsidiary |
Mihara, Hiroshima |
Japan |
Miscellaneous Capital Goods |
950 |
||
|
Subsidiary |
JundiaÃ, SP |
Brazil |
Miscellaneous Capital Goods |
290.6 |
920 |
||
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Mitsubishi Heavy Industries-Jinling
Air-Conditioners Co., Ltd. |
Subsidiary |
Jiangmen, Guangdong |
China |
Miscellaneous Capital Goods |
93.9 |
800 |
|
|
Subsidiary |
Almere |
Netherlands |
Miscellaneous Capital Goods |
573.7 |
750 |
||
|
Subsidiary |
Higashiizumo, Shimane |
Japan |
Construction and Agriculture Machinery |
613.1 |
706 |
||
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Entreposto Máquinas - Comércio de
Equipamento AgrÃcola e Industrial, S.A. |
Subsidiary |
Castanheira do Ribatejo, Lisboa |
Portugal |
Construction and Agriculture Machinery |
34.8 |
150 |
|
|
Subsidiary |
Bures |
United Kingdom |
Personal Services |
10 |
|||
|
Subsidiary |
Jundiai, Sao Paulo |
Brazil |
Construction - Supplies and Fixtures |
138.9 |
700 |
||
|
Subsidiary |
Almere |
Netherlands |
Water Transportation |
700 |
|||
|
Mitsubishi Heavy Industries
Environmental & Chemical Engineering Co., Ltd. |
Subsidiary |
Yokohama, Kanagawa |
Japan |
Construction Services |
43.4 |
693 |
|
|
Division |
Yokohama, Kanagawa |
Japan |
Construction Services |
||||
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Mitsubishi Heavy Industries
Environmental & Chemical Engineering Co., Ltd. - O&M Division |
Division |
Yokohama, Kanagawa |
Japan |
Construction and Agriculture Machinery |
|||
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Mitsubishi Heavy Industries
Environmental & Chemical Engineering Co., Ltd. - Engineering Division |
Division |
Yokohama |
Japan |
Engineering Consultants |
|||
|
Subsidiary |
Kitakyushu |
Japan |
Iron and Steel |
650 |
|||
|
Branch |
Tokyo |
Japan |
Miscellaneous Fabricated Products |
650 |
|||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Fabricated Products |
351.9 |
612 |
||
|
Subsidiary |
London |
United Kingdom |
Business Services |
186.3 |
503 |
||
|
Subsidiary |
Edinburgh |
United Kingdom |
Biotechnology and Drugs |
2.2 |
35 |
||
|
Subsidiary |
Changzhou, Jiangsu |
China |
Miscellaneous Capital Goods |
278.2 |
500 |
||
|
Subsidiary |
Bang Nam Prieo, Chachoengsao |
Thailand |
Miscellaneous Capital Goods |
480 |
|||
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
1.0 |
419 |
||
|
Subsidiary |
Samut Prakan |
Thailand |
Water Transportation |
41.0 |
300 |
||
|
Subsidiary |
Ranipet |
India |
Miscellaneous Capital Goods |
7.3 |
300 |
||
|
Subsidiary |
Utsunomiya, Tochigi |
Japan |
Miscellaneous Fabricated Products |
300 |
|||
|
Subsidiary |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
270 |
|||
|
Subsidiary |
Nagasaki |
Japan |
Scientific and Technical Instruments |
262 |
|||
|
Subsidiary |
Komaki, Aichi |
Japan |
Aerospace and Defense |
260 |
|||
|
Subsidiary |
Quezon City |
Philippines |
Business Services |
250 |
|||
|
Subsidiary |
Sagamihara, Kanagawa |
Japan |
Containers and Packaging |
38.8 |
208 |
||
|
Subsidiary |
Osaka |
Japan |
Miscellaneous Fabricated Products |
200 |
|||
|
Unit |
Kawachinagano, Osaka |
Japan |
Miscellaneous Capital Goods |
||||
|
Unit |
Kaizuka, Osaka |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Nagoya, Aichi |
Japan |
Miscellaneous Capital Goods |
181 |
|||
|
Subsidiary |
Lake Mary, FL |
United States |
Electric Utilities |
94.5 |
170 |
||
|
Branch |
Houston, TX |
United States |
Miscellaneous Capital Goods |
23.1 |
20 |
||
|
Branch |
Grover, CO |
United States |
Miscellaneous Capital Goods |
13.8 |
12 |
||
|
Branch |
Montvale, NJ |
United States |
Miscellaneous Capital Goods |
12.7 |
11 |
||
|
Branch |
Orlando, FL |
United States |
Miscellaneous Capital Goods |
12.7 |
11 |
||
|
Branch |
Savannah, GA |
United States |
Miscellaneous Capital Goods |
12.7 |
11 |
||
|
Branch |
Desert Hot Spgs, CA |
United States |
Miscellaneous Capital Goods |
12.7 |
11 |
||
|
Branch |
Pooler, GA |
United States |
Miscellaneous Capital Goods |
12.7 |
11 |
||
|
Branch |
White Deer, TX |
United States |
Miscellaneous Capital Goods |
11.5 |
10 |
||
|
Branch |
Mojave, CA |
United States |
Miscellaneous Capital Goods |
2.3 |
2 |
||
|
Branch |
Rock River, WY |
United States |
Miscellaneous Capital Goods |
1.2 |
1 |
||
|
Branch |
Condon, OR |
United States |
Miscellaneous Capital Goods |
1.2 |
1 |
||
|
Subsidiary |
Nagasaki, Nagasaki |
Japan |
Miscellaneous Capital Goods |
38.9 |
160 |
||
|
Subsidiary |
Aichi |
Japan |
Miscellaneous Transportation |
150 |
|||
|
Subsidiary |
Jeddah |
Saudi Arabia |
Miscellaneous Capital Goods |
33.7 |
147 |
||
|
Subsidiary |
Makati, Metro Manila |
Philippines |
Water Transportation |
41.0 |
100 |
||
|
Subsidiary |
Prague Liaison Office |
Czech Republic |
Construction Services |
30.0 |
100 |
||
|
Subsidiary |
Zhangjiagang, Jiangsu |
China |
Water Transportation |
100 |
|||
|
Branch |
Jakarta |
Indonesia |
Miscellaneous Capital Goods |
100 |
|||
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Capital Goods |
23,437.6 |
90 |
||
|
Division |
Franklin, IN |
United States |
Water Transportation |
48.5 |
300 |
||
|
Branch |
Sterling Heights, MI |
United States |
Miscellaneous Capital Goods |
13.4 |
36 |
||
|
Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
1.0 |
|||
|
Division |
Lake Mary, FL |
United States |
Water Transportation |
45.8 |
200 |
||
|
Division |
Leetonia, OH |
United States |
Fabricated Plastic and Rubber |
2.2 |
200 |
||
|
Branch |
Leetonia, OH |
United States |
Miscellaneous Capital Goods |
68.0 |
125 |
||
|
Subsidiary |
Hunt Valley, MD |
United States |
Miscellaneous Capital Goods |
100 |
|||
|
Branch |
Montclair, NJ |
United States |
Miscellaneous Capital Goods |
0.8 |
3 |
||
|
Subsidiary |
Addison, IL |
United States |
Miscellaneous Capital Goods |
27.2 |
50 |
||
|
Branch |
Wixom, MI |
United States |
Miscellaneous Capital Goods |
3.5 |
15 |
||
|
Division |
Addison, IL |
United States |
Miscellaneous Capital Goods |
19.0 |
35 |
||
|
Division |
Bensenville, IL |
United States |
Miscellaneous Capital Goods |
5.7 |
35 |
||
|
Subsidiary |
Addison, IL |
United States |
Miscellaneous Capital Goods |
35 |
|||
|
Branch |
Sterling Heights, MI |
United States |
Auto and Truck Parts |
1.3 |
3 |
||
|
Division |
Bensenville, IL |
United States |
Water Transportation |
30 |
|||
|
Branch |
Hunt Valley, MD |
United States |
Construction and Agriculture Machinery |
11.1 |
22 |
||
|
Division |
Hunt Valley, MD |
United States |
Miscellaneous Capital Goods |
20 |
|||
|
Division |
Lincolnshire, IL |
United States |
Miscellaneous Capital Goods |
100 |
|||
|
Mitsubishi Heavy Industries
America, Inc. - Aircraft Product Support Division |
Division |
Addison, TX |
United States |
Aerospace and Defense |
7.7 |
15 |
|
|
Branch |
East Hartford, CT |
United States |
Construction and Agriculture Machinery |
6.0 |
12 |
||
|
Branch |
Monroeville, PA |
United States |
Construction and Agriculture Machinery |
5.0 |
10 |
||
|
Division |
Coraopolis, PA |
United States |
Water Transportation |
4.4 |
9 |
||
|
Subsidiary |
Sussex, WI |
United States |
Miscellaneous Capital Goods |
7.9 |
30 |
||
|
Mitsubishi Heavy Industries America,
Inc. - Environmental Systems Division |
Division |
Austin, TX |
United States |
Miscellaneous Capital Goods |
4.0 |
8 |
|
|
Branch |
Washington, DC |
United States |
Business Services |
1.1 |
5 |
||
|
Branch |
Houston, TX |
United States |
Miscellaneous Capital Goods |
1.9 |
2 |
||
|
Branch |
East Hartford, CT |
United States |
Construction and Agriculture Machinery |
1.0 |
2 |
||
|
Division |
Rockton, IL |
United States |
Water Transportation |
||||
|
Mitsubishi Heavy Industries
America, Inc. - Injection Molding Machinery Division |
Division |
Bensenville, IL |
United States |
Miscellaneous Capital Goods |
|||
|
Subsidiary |
Ibaraki, Ibaraki |
Japan |
Business Services |
90 |
|||
|
Subsidiary |
Singapore |
Singapore |
Aerospace and Defense |
247.5 |
78 |
||
|
Subsidiary |
Singapore |
Singapore |
Water Transportation |
54.1 |
75 |
||
|
Subsidiary |
Harrison, MI |
United States |
Miscellaneous Capital Goods |
75 |
|||
|
Recently acquired (previously owned by BlackEagle Partners LLC).See corporate structure news on Mitsubishi
Heavy Industries, Ltd. for details |
|||||||
|
Branch |
Greer, SC |
United States |
Miscellaneous Capital Goods |
6.5 |
25 |
||
|
Branch |
Auburn Hills, MI |
United States |
Miscellaneous Capital Goods |
2.1 |
8 |
||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Electric Utilities |
41.6 |
70 |
||
|
Subsidiary |
Kowloon, Kowloon |
Hong Kong |
Miscellaneous Capital Goods |
2.0 |
50 |
||
|
Subsidiary |
Samut Prakan |
Thailand |
Water Transportation |
1.0 |
50 |
||
|
Subsidiary |
New Delhi |
India |
Miscellaneous Capital Goods |
1.0 |
50 |
||
|
Mitsubishi Heavy Industries-Haier
(Qingdao) Air-Conditioners Co., Ltd. |
Subsidiary |
Qingdao |
China |
Water Transportation |
0.0 |
50 |
|
|
Subsidiary |
Tsuruga, Fukui |
Japan |
Schools |
50 |
|||
|
Subsidiary |
Kingsgrove, NSW |
Australia |
Miscellaneous Capital Goods |
6.7 |
40 |
||
|
Subsidiary |
North Point |
Hong Kong |
Water Transportation |
1.0 |
40 |
||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
19.6 |
32 |
||
|
Subsidiary |
Tulsa, OK |
United States |
Business Services |
5.7 |
32 |
||
|
Mitsubishi Heavy Industries
Air-Conditioners Australia, Pty. Ltd. |
Subsidiary |
Kingsgrove, NSW |
Australia |
Miscellaneous Capital Goods |
30 |
||
|
Subsidiary |
Dandenong, VIC |
Australia |
Miscellaneous Capital Goods |
15 |
|||
|
Subsidiary |
Braeside, VIC |
Australia |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Logstor |
Denmark |
Construction and Agriculture Machinery |
0.0 |
25 |
||
|
Subsidiary |
Chateaubriant |
France |
Construction and Agriculture Machinery |
20 |
|||
|
Subsidiary |
Kowloon |
Hong Kong |
Water Transportation |
20 |
|||
|
Division |
Kwai Chung, Hong Kong |
Hong Kong |
Water Transportation |
||||
|
Subsidiary |
Antwerpen |
Belgium |
Engineering Consultants |
4.3 |
16 |
||
|
Subsidiary |
Zwijndrecht |
Belgium |
Business Services |
39.4 |
187 |
||
|
Subsidiary |
Zwijndrecht |
Belgium |
Miscellaneous Capital Goods |
18.1 |
41 |
||
|
Subsidiary |
Ougree |
Belgium |
Construction Services |
10.6 |
39 |
||
|
Subsidiary |
Naninne |
Belgium |
Construction Services |
5.6 |
35 |
||
|
Subsidiary |
Kuurne |
Belgium |
Electronic Instruments and Controls |
2.4 |
18 |
||
|
Subsidiary |
Jumet |
Belgium |
Retail (Specialty) |
0.0 |
4 |
||
|
Subsidiary |
Ichtegem |
Belgium |
Fish and Livestock |
0.0 |
3 |
||
|
Subsidiary |
Gent |
Belgium |
Miscellaneous Capital Goods |
1.5 |
1 |
||
|
Subsidiary |
Arlington, VA |
United States |
Electric Utilities |
14 |
|||
|
Branch |
Irving, TX |
United States |
Electronic Instruments and Controls |
6.5 |
20 |
||
|
Branch |
Monroeville, PA |
United States |
Electronic Instruments and Controls |
3.3 |
10 |
||
|
Subsidiary |
Warszawa |
Poland |
Business Services |
145.8 |
10 |
||
|
Subsidiary |
Mexico |
Mexico |
Miscellaneous Capital Goods |
5.0 |
10 |
||
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
1.0 |
10 |
||
|
Subsidiary |
Makati |
Philippines |
Water Transportation |
1.0 |
8 |
||
|
Subsidiary |
Miami, FL |
United States |
Business Services |
8 |
|||
|
Subsidiary |
Addison, TX |
United States |
Business Services |
8 |
|||
|
Subsidiary |
Richmond Hill, ON |
Canada |
Miscellaneous Capital Goods |
7 |
|||
|
Subsidiary |
Mississauga, ON |
Canada |
Aerospace and Defense |
2.6 |
6 |
||
|
Subsidiary |
Sao Paulo |
Brazil |
Auto and Truck Parts |
5 |
|||
|
Subsidiary |
Melbourne, VIC |
Australia |
Business Services |
1.0 |
3 |
||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
698.6 |
|||
|
Mitsubishi Heavy Industries
Printing & Packaging Machinery, Ltd. |
Subsidiary |
Mihara, Hiroshima |
Japan |
Miscellaneous Capital Goods |
430.4 |
||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Engineering Consultants |
410.4 |
|||
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
356.7 |
|||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Printing Services |
309.5 |
|||
|
Subsidiary |
Hiroshima, Hiroshima |
Japan |
Construction Services |
245.2 |
|||
|
Subsidiary |
Nagoya, Aichi |
Japan |
Real Estate Operations |
217.5 |
|||
|
Subsidiary |
Kobe |
Japan |
Construction Services |
190.0 |
|||
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
160.4 |
|||
|
Mitsubishi Heavy Industries
Air-Conditioning & Refrigeration Systems Corporation |
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
124.2 |
||
|
Branch |
Sisli, Istanbul |
Turkey |
Miscellaneous Capital Goods |
50 |
|||
|
Subsidiary |
Nagasaki |
Japan |
Construction Services |
120.0 |
|||
|
Subsidiary |
Nagasaki, Nagasaki |
Japan |
Engineering Consultants |
65.5 |
|||
|
Subsidiary |
Nagasaki, Nagasaki |
Japan |
Engineering Consultants |
41.7 |
|||
|
Subsidiary |
Nagoya, Aichi |
Japan |
Aerospace and Defense |
62.3 |
|||
|
Subsidiary |
Mulhouse |
France |
Auto and Truck Parts |
32.5 |
|||
|
Subsidiary |
Komaki, Aichi |
Japan |
Business Services |
29.8 |
|||
|
Subsidiary |
Nagasaki, Nagasaki |
Japan |
Miscellaneous Capital Goods |
22.5 |
|||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Business Services |
13.3 |
|||
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Construction and Agriculture Machinery |
10.6 |
|||
|
Subsidiary |
Ranipet, Tamil Nadu |
India |
Miscellaneous Capital Goods |
7.4 |
|||
|
Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
1.0 |
|||
|
Subsidiary |
Hiroshima |
Japan |
Software and Programming |
||||
|
Subsidiary |
Kobe, Hyogo |
Japan |
Business Services |
||||
|
Facility |
Aichi |
Japan |
Aerospace and Defense |
||||
|
Unit |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Nogata, Fukuoka |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Tokyo |
Japan |
Rental and Leasing |
||||
|
Subsidiary |
Kobe |
Japan |
Engineering Consultants |
||||
|
Subsidiary |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Business Services |
||||
|
Subsidiary |
Hiroshima |
Japan |
Scientific and Technical Instruments |
||||
|
Subsidiary |
Nagasaki |
Japan |
Recreational Products |
||||
|
Subsidiary |
Houston, TX |
United States |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Wadern |
Germany |
Construction and Agriculture Machinery |
||||
|
Subsidiary |
Yokohama |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
||||
|
Subsidiary |
Amsterdam |
Netherlands |
Investment Services |
||||
|
Subsidiary |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Nagasaki |
Japan |
Business Services |
||||
|
Subsidiary |
Beijing |
China |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Sagamihara, Kanagawa |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Tokyo |
Japan |
Waste Management Services |
||||
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
||||
|
Facility |
Yokohama, Kanagawa |
Japan |
Miscellaneous Capital Goods |
||||
|
Facility |
Takasago, Hyogo |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Hokkaido |
Japan |
Electric Utilities |
||||
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Financial Services |
||||
|
Subsidiary |
Yokohama |
Japan |
Construction - Supplies and Fixtures |
||||
|
Subsidiary |
Isehara, Kanagawa |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Ritto, Shiga |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Nagoya |
Japan |
Business Services |
||||
|
Subsidiary |
Shenyang |
China |
Engineering Consultants |
||||
|
Subsidiary |
Hyogo |
Japan |
Aerospace and Defense |
||||
|
Subsidiary |
Shimonoseki |
Japan |
Construction Services |
||||
|
Subsidiary |
Kobe |
Japan |
Construction Services |
||||
|
Subsidiary |
Hiroshima |
Japan |
Containers and Packaging |
||||
|
Subsidiary |
Sao Paulo |
Brazil |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Shanghai |
China |
Auto and Truck Parts |
||||
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
||||
|
Subsidiary |
Bangkok |
Thailand |
Water Transportation |
||||
|
Subsidiary |
Nagoya |
Japan |
Construction Services |
||||
|
Subsidiary |
Fukuoka |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Kobe |
Japan |
Business Services |
||||
|
Subsidiary |
Saipan, MP |
United States |
Water Transportation |
||||
|
Subsidiary |
Chiba |
Japan |
Business Services |
||||
|
Subsidiary |
Nagoya |
Japan |
Business Services |
||||
|
Subsidiary |
Hiroshima |
Japan |
Business Services |
||||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Business Services |
||||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
||||
|
Subsidiary |
Masuda, Shimane |
Japan |
Waste Management Services |
||||
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
||||
|
Subsidiary |
Kobe |
Japan |
Waste Management Services |
||||
|
Subsidiary |
Nagasaki |
Japan |
Software and Programming |
||||
|
Subsidiary |
Tokyo |
Japan |
Printing and Publishing |
||||
|
Subsidiary |
Hiroshima |
Japan |
Schools |
||||
|
Subsidiary |
Tokyo |
Japan |
Business Services |
||||
|
Subsidiary |
Ritto, Shiga |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Kobe |
Japan |
Engineering Consultants |
||||
|
Facility |
Nagasaki |
Japan |
Miscellaneous Capital Goods |
||||
|
Facility |
Nagasaki |
Japan |
Miscellaneous Capital Goods |
||||
|
Facility |
Akashi, Hyogo |
Japan |
Miscellaneous Capital Goods |
||||
|
Facility |
Shimonoseki, Yamaguchi |
Japan |
Miscellaneous Capital Goods |
||||
|
Facility |
Hokkaido |
Japan |
Miscellaneous Capital Goods |
||||
|
Mitsubishi Heavy Industries, Ltd. -
Nagoya Guidance & Propulsion Systems Works |
Unit |
Komaki, Aichi |
Japan |
Miscellaneous Capital Goods |
|||
|
Facility |
Matsusaka, Mie |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Yokohama |
Japan |
Electric Utilities |
||||
|
Subsidiary |
Tokyo |
Japan |
Business Services |
||||
|
Mitsubishi Heavy Industries, Ltd. -
Sagamihara Machinery Works |
Unit |
Sagamihara, Kanagawa |
Japan |
Miscellaneous Capital Goods |
|||
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
||||
|
Subsidiary |
Muntinlupa, Metro Manila |
Philippines |
Miscellaneous Capital Goods |
||||
|
Mitsubishi Heavy Industries India
Private Ltd. - Power Systems Engineering Division |
Division |
Bengaluru |
India |
Miscellaneous Capital Goods |
|||
|
Subsidiary |
Chon Buri |
Thailand |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Chon Buri |
Thailand |
Auto and Truck Parts |
||||
|
Subsidiary |
Hanoi |
Viet Nam |
Miscellaneous Transportation |
||||
|
Subsidiary |
Kobe |
Japan |
Miscellaneous Capital Goods |
||||
|
Mitsubishi Heavy Industries, Ltd. -
Hiroshima Machinery Works |
Unit |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
|||
|
Subsidiary |
Aomori |
Japan |
Business Services |
||||
|
Subsidiary |
Kobe, Hyogo |
Japan |
Medical Equipment and Supplies |
||||
|
Mitsubishi Heavy Industries Food
& Packaging Machinery Co., Ltd. |
Subsidiary |
Nagoya |
Japan |
Containers and Packaging |
|||
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
||||
|
Subsidiary |
Nagoya |
Japan |
Aerospace and Defense |
||||
|
Mitsubishi Heavy Industries BFG Gas
Turbine Service (Nanjing) Co., Ltd. |
Subsidiary |
Nanjing |
China |
Business Services |
|||
|
Subsidiary |
Tsim Tsa Tsui, Kowloon |
Hong Kong |
Auto and Truck Parts |
||||
|
Subsidiary |
Nagasaki |
Japan |
Miscellaneous Fabricated Products |
||||
|
Subsidiary |
Nagasaki |
Japan |
Software and Programming |
||||
|
Subsidiary |
Kobe |
Japan |
Engineering Consultants |
||||
|
Subsidiary |
Mihara, Hiroshima |
Japan |
Construction Services |
||||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Engineering Consultants |
||||
|
Subsidiary |
Hiroshima |
Japan |
Construction Services |
||||
|
Mitsubishi Heavy Industries Transportation
Equipment Engineering & Service Co., Ltd. |
Subsidiary |
Mihara, Hiroshima |
Japan |
Business Services |
|||
|
Subsidiary |
Yonezawa, Yamagata |
Japan |
Furniture and Fixtures |
||||
|
Subsidiary |
Sennan, Osaka |
Japan |
Business Services |
||||
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Construction Services |
||||
|
Facility |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Nagasaki |
Japan |
Personal Services |
||||
|
Subsidiary |
Nagaoka, Kyoto |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Kobe, Hyogo |
Japan |
Business Services |
||||
|
Subsidiary |
Fukuoka |
Japan |
Business Services |
||||
|
Subsidiary |
Hiroshima |
Japan |
Personal Services |
||||
|
Subsidiary |
Nishinomiya, Hyogo |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Sagamihara, Kanagawa |
Japan |
Business Services |
||||
|
Subsidiary |
Kobe, Hyogo |
Japan |
Software and Programming |
||||
|
Unit |
Hyogo |
Japan |
Miscellaneous Fabricated Products |
||||
|
Facility |
Isahaya, Nagasaki |
Japan |
Miscellaneous Capital Goods |
||||
|
Facility |
Aichi |
Japan |
Aerospace and Defense |
||||
|
Unit |
Ritto, Shiga |
Japan |
Miscellaneous Capital Goods |
||||
|
Facility |
Nagoya, Aichi |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Kobe |
Japan |
Electronic Instruments and Controls |
||||
|
Subsidiary |
Takasago, Hyogo |
Japan |
Medical Equipment and Supplies |
||||
|
Subsidiary |
Yokohama |
Japan |
Construction Services |
||||
|
Subsidiary |
Yokohama |
Japan |
Business Services |
||||
|
Subsidiary |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
||||
|
Mitsubishi Heavy Industries, Ltd. -
Nagoya Air-Conditioning & Refrigeration Machinery Works |
Unit |
Kiyosu, Aichi |
Japan |
Miscellaneous Capital Goods |
|||
|
Subsidiary |
Kobe |
Japan |
Engineering Consultants |
||||
|
Subsidiary |
Shenzhen, Guangdong |
China |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Nagoya |
Japan |
Software and Programming |
||||
|
Subsidiary |
Kagoshima |
Japan |
Miscellaneous Capital Goods |
||||
|
Mitsubishi Heavy Industries Bridge
& Steel Structures Engineering Co., Ltd. |
Subsidiary |
Hiroshima |
Japan |
Iron and Steel |
|||
|
Subsidiary |
Nagasaki |
Japan |
Water Transportation |
||||
|
Subsidiary |
Kobe |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Kamakura, Kanagawa |
Japan |
Recreational Activities |
||||
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
||||
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
||||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Retail (Grocery) |
38.8 |
|||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Business Services |
28.3 |
|||
|
Subsidiary |
Nagasaki |
Japan |
Construction Services |
||||
|
Subsidiary |
Kumagaya, Saitama |
Japan |
Miscellaneous Transportation |
||||
|
Subsidiary |
Aomori |
Japan |
Aerospace and Defense |
||||
|
Mitsubishi Heavy Industries
Air-Conditioning & Thermal Systems Corporation |
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|||
|
Executives
Report
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Developments
|
Annual
Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Net Sales |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
Revenue |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
Total Revenue |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
30,080.1 |
28,729.3 |
27,299.6 |
29,311.4 |
24,093.6 |
|
Cost of Revenue, Total |
30,080.1 |
28,729.3 |
27,299.6 |
29,311.4 |
24,093.6 |
|
Gross Profit |
5,645.5 |
5,157.0 |
4,342.9 |
4,282.6 |
3,929.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2,034.5 |
1,877.1 |
1,653.2 |
1,474.0 |
1,315.6 |
|
Labor & Related Expense |
1,573.0 |
1,411.2 |
1,325.4 |
1,209.1 |
1,014.2 |
|
Total Selling/General/Administrative Expenses |
3,607.5 |
3,288.3 |
2,978.7 |
2,683.1 |
2,329.8 |
|
Research & Development |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Restructuring Charge |
482.7 |
264.7 |
171.9 |
103.8 |
264.7 |
|
Impairment-Assets Held for Use |
72.5 |
68.6 |
67.6 |
70.5 |
64.3 |
|
Impairment-Assets Held for Sale |
31.4 |
111.1 |
0.0 |
- |
0.0 |
|
Other Unusual Expense (Income) |
51.9 |
143.0 |
-53.3 |
180.8 |
0.0 |
|
Unusual Expense (Income) |
638.5 |
587.4 |
186.2 |
355.1 |
329.0 |
|
Total Operating Expense |
34,946.1 |
33,292.5 |
31,122.1 |
32,895.6 |
27,161.8 |
|
|
|
|
|
|
|
|
Operating Income |
779.4 |
593.8 |
520.4 |
698.4 |
861.1 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-259.9 |
-262.2 |
-243.5 |
-201.3 |
-177.5 |
|
Interest Expense, Net Non-Operating |
-259.9 |
-262.2 |
-243.5 |
-201.3 |
-177.5 |
|
Interest Income -
Non-Operating |
46.1 |
47.0 |
39.3 |
55.5 |
61.9 |
|
Investment Income - Non-Operating |
52.1 |
8.4 |
63.2 |
150.5 |
43.1 |
|
Interest/Investment Income - Non-Operating |
98.2 |
55.4 |
102.5 |
206.0 |
105.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-161.7 |
-206.8 |
-141.0 |
4.8 |
-72.5 |
|
Gain (Loss) on Sale of Assets |
359.0 |
126.9 |
108.5 |
39.1 |
193.6 |
|
Other Non-Operating Income (Expense) |
-92.2 |
-52.9 |
-185.1 |
-96.2 |
-95.3 |
|
Other, Net |
-92.2 |
-52.9 |
-185.1 |
-96.2 |
-95.3 |
|
Income Before Tax |
884.4 |
461.0 |
302.8 |
646.1 |
886.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
572.1 |
122.3 |
196.1 |
408.6 |
334.9 |
|
Income After Tax |
312.3 |
338.7 |
106.7 |
237.5 |
552.0 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.4 |
12.8 |
45.7 |
3.5 |
-15.4 |
|
Net Income Before Extraord Items |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Net Income |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
3,355.1 |
3,356.0 |
3,356.2 |
3,356.1 |
3,355.9 |
|
Basic EPS Excl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Basic/Primary EPS Incl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Diluted Weighted Average Shares |
3,361.6 |
3,359.6 |
3,356.2 |
3,356.7 |
3,357.0 |
|
Diluted EPS Excl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Diluted EPS Incl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Dividends per Share - Common Stock Primary Issue |
0.08 |
0.05 |
0.04 |
0.06 |
0.05 |
|
Gross Dividends - Common Stock |
254.9 |
156.6 |
144.4 |
200.4 |
176.2 |
|
Interest Expense, Supplemental |
259.9 |
262.2 |
243.5 |
201.3 |
177.5 |
|
Depreciation, Supplemental |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Total Special Items |
279.6 |
460.6 |
77.6 |
316.0 |
135.4 |
|
Normalized Income Before Tax |
1,164.0 |
921.6 |
380.4 |
962.1 |
1,022.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
97.8 |
122.2 |
27.2 |
110.6 |
51.1 |
|
Inc Tax Ex Impact of Sp Items |
670.0 |
244.5 |
223.3 |
519.2 |
386.0 |
|
Normalized Income After Tax |
494.0 |
677.1 |
157.1 |
442.9 |
636.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
492.5 |
689.8 |
202.8 |
446.4 |
620.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Diluted Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Research & Development Exp, Supplemental |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Reported Operating Profit |
1,417.9 |
1,181.2 |
706.5 |
1,053.5 |
1,190.1 |
|
Reported Ordinary Profit |
1,091.4 |
794.9 |
258.3 |
749.4 |
958.0 |
|
Normalized EBIT |
1,418.0 |
1,181.2 |
706.5 |
1,053.5 |
1,190.1 |
|
Normalized EBITDA |
2,987.9 |
2,723.5 |
2,191.8 |
2,576.0 |
2,312.2 |
|
Interest Cost - Domestic |
- |
152.0 |
145.7 |
139.5 |
129.8 |
|
Service Cost - Domestic |
- |
335.9 |
305.0 |
295.5 |
252.8 |
|
Prior Service Cost - Domestic |
- |
-2.3 |
-54.4 |
-1.0 |
-2.3 |
|
Expected Return on Assets - Domestic |
- |
-162.0 |
-114.5 |
-128.5 |
-131.8 |
|
Actuarial Gains and Losses - Domestic |
- |
221.2 |
281.4 |
164.0 |
86.2 |
|
Domestic Pension Plan Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Total Pension Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Discount Rate - Domestic |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
Total Plan Interest Cost |
- |
152.0 |
145.7 |
139.5 |
129.8 |
|
Total Plan Service Cost |
- |
335.9 |
305.0 |
295.5 |
252.8 |
|
Total Plan Expected Return |
- |
-162.0 |
-114.5 |
-128.5 |
-131.8 |
|
Annual Balance
Sheet |
|
Financials in: USD
(mil) |
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Cash & Equivalents |
3,183.7 |
3,632.3 |
2,933.0 |
4,404.6 |
2,761.7 |
|
Short Term Investments |
0.0 |
0.1 |
0.1 |
30.5 |
35.9 |
|
Cash and Short Term Investments |
3,183.7 |
3,632.4 |
2,933.1 |
4,435.0 |
2,797.5 |
|
Accounts Receivable -
Trade, Gross |
11,750.4 |
10,287.7 |
10,147.7 |
10,960.5 |
10,916.6 |
|
Provision for Doubtful
Accounts |
-77.3 |
-90.5 |
-95.0 |
-56.9 |
-57.0 |
|
Trade Accounts Receivable - Net |
11,673.1 |
10,197.2 |
10,052.6 |
10,903.6 |
10,859.5 |
|
Total Receivables, Net |
11,673.1 |
10,197.2 |
10,052.6 |
10,903.6 |
10,859.5 |
|
Inventories - Finished Goods |
1,893.4 |
2,119.1 |
1,837.5 |
1,728.8 |
1,477.6 |
|
Inventories - Work In Progress |
9,392.2 |
9,699.3 |
10,035.7 |
9,710.8 |
8,936.3 |
|
Inventories - Raw Materials |
1,501.1 |
1,649.4 |
1,397.9 |
1,404.5 |
1,289.1 |
|
Total Inventory |
12,786.8 |
13,467.7 |
13,271.2 |
12,844.1 |
11,702.9 |
|
Deferred Income Tax - Current Asset |
2,193.9 |
1,952.5 |
1,527.4 |
1,380.4 |
1,150.8 |
|
Other Current Assets |
2,194.9 |
1,826.5 |
2,466.7 |
2,481.5 |
2,995.2 |
|
Other Current Assets, Total |
4,388.8 |
3,779.0 |
3,994.1 |
3,861.9 |
4,146.0 |
|
Total Current Assets |
32,032.4 |
31,076.4 |
30,251.1 |
32,044.7 |
29,506.0 |
|
|
|
|
|
|
|
|
Accumulated Depreciation |
-113.3 |
-115.0 |
-103.4 |
-106.6 |
-185.8 |
|
Property/Plant/Equipment - Net |
9,567.8 |
10,279.8 |
9,489.3 |
8,927.9 |
8,611.7 |
|
Intangibles, Net |
307.3 |
303.6 |
312.0 |
313.8 |
291.7 |
|
LT Investment - Affiliate Companies |
- |
1,692.1 |
1,442.6 |
- |
- |
|
LT Investments - Other |
3,751.3 |
2,185.6 |
2,223.7 |
2,776.1 |
6,120.9 |
|
Long Term Investments |
3,751.3 |
3,877.7 |
3,666.3 |
2,776.1 |
6,120.9 |
|
Note Receivable - Long Term |
66.5 |
62.5 |
38.5 |
25.4 |
31.3 |
|
Deferred Income Tax - Long Term Asset |
135.7 |
130.6 |
100.2 |
94.9 |
74.5 |
|
Other Long Term Assets |
2,254.1 |
2,399.1 |
1,763.9 |
1,642.9 |
746.3 |
|
Other Long Term Assets, Total |
2,389.8 |
2,529.7 |
1,864.1 |
1,737.8 |
820.7 |
|
Total Assets |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
7,903.1 |
7,469.9 |
6,919.3 |
7,083.6 |
7,369.3 |
|
Notes Payable/Short Term Debt |
1,849.2 |
1,031.5 |
1,323.6 |
3,682.6 |
2,348.9 |
|
Current Portion - Long Term Debt/Capital Leases |
2,447.2 |
2,717.0 |
1,386.3 |
1,301.7 |
1,263.0 |
|
Customer Advances |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Other Current Liabilities |
3,767.0 |
3,306.1 |
2,857.4 |
3,279.7 |
2,648.2 |
|
Other Current liabilities, Total |
8,613.6 |
7,291.1 |
7,020.9 |
8,129.4 |
7,363.0 |
|
Total Current Liabilities |
20,813.1 |
18,509.5 |
16,650.2 |
20,197.3 |
18,344.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
9,749.2 |
12,246.5 |
13,293.1 |
11,345.1 |
10,105.7 |
|
Total Long Term Debt |
9,749.2 |
12,246.5 |
13,293.1 |
11,345.1 |
10,105.7 |
|
Total Debt |
14,045.5 |
15,995.0 |
16,003.0 |
16,329.4 |
13,717.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
216.4 |
43.5 |
191.4 |
76.1 |
945.7 |
|
Deferred Income Tax |
216.4 |
43.5 |
191.4 |
76.1 |
945.7 |
|
Minority Interest |
599.7 |
592.4 |
530.2 |
412.8 |
197.7 |
|
Reserves |
140.9 |
84.5 |
78.7 |
43.5 |
43.2 |
|
Pension Benefits - Underfunded |
1,338.8 |
1,407.4 |
1,187.3 |
1,171.4 |
1,472.0 |
|
Other Liabilities, Total |
1,479.7 |
1,492.0 |
1,266.0 |
1,214.8 |
1,515.2 |
|
Total Liabilities |
32,858.1 |
32,883.9 |
31,930.9 |
33,246.2 |
31,108.6 |
|
|
|
|
|
|
|
|
Common Stock |
3,224.0 |
3,204.7 |
2,842.6 |
2,689.2 |
2,668.5 |
|
Common Stock |
3,224.0 |
3,204.7 |
2,842.6 |
2,689.2 |
2,668.5 |
|
Additional Paid-In Capital |
2,498.1 |
2,478.9 |
2,195.2 |
2,073.6 |
2,054.0 |
|
Retained Earnings (Accumulated Deficit) |
9,983.2 |
9,835.2 |
8,563.8 |
7,987.7 |
7,906.8 |
|
Treasury Stock - Common |
-65.8 |
-65.5 |
-53.8 |
-51.0 |
-50.7 |
|
Unrealized Gain (Loss) |
268.2 |
303.0 |
376.9 |
178.6 |
1,656.6 |
|
Translation Adjustment |
-650.7 |
-510.5 |
-234.3 |
-298.5 |
38.6 |
|
Other Equity, Total |
-650.7 |
-510.5 |
-234.3 |
-298.5 |
38.6 |
|
Total Equity |
15,257.0 |
15,245.9 |
13,690.4 |
12,579.5 |
14,273.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
Total Common Shares Outstanding |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
Treasury Shares - Common Stock Primary Issue |
18.5 |
18.6 |
17.4 |
17.5 |
17.6 |
|
Employees |
- |
68,816 |
67,669 |
67,416 |
64,103 |
|
Number of Common Shareholders |
- |
349,540 |
368,762 |
375,538 |
360,820 |
|
Deferred Revenue - Current |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Total Long Term Debt, Supplemental |
- |
14,963.5 |
14,679.4 |
12,646.8 |
11,368.8 |
|
Long Term Debt Maturing within 1 Year |
- |
2,717.0 |
1,386.3 |
1,301.7 |
1,263.0 |
|
Long Term Debt Maturing in Year 2 |
- |
2,528.8 |
2,429.1 |
1,212.0 |
1,239.3 |
|
Long Term Debt Maturing in Year 3 |
- |
2,413.7 |
2,238.3 |
2,267.3 |
1,097.3 |
|
Long Term Debt Maturing in Year 4 |
- |
3,029.5 |
2,132.3 |
1,966.2 |
1,261.2 |
|
Long Term Debt Maturing in Year 5 |
- |
599.7 |
2,696.3 |
1,811.0 |
1,548.9 |
|
Long Term Debt Maturing in 2-3 Years |
- |
4,942.5 |
4,667.4 |
3,479.3 |
2,336.7 |
|
Long Term Debt Maturing in 4-5 Years |
- |
3,629.2 |
4,828.5 |
3,777.2 |
2,810.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
3,674.9 |
3,797.1 |
4,088.7 |
4,959.0 |
|
Total Capital Leases, Supplemental |
- |
146.8 |
106.8 |
68.3 |
- |
|
Capital Lease Payments Due in Year 1 |
- |
26.9 |
24.5 |
14.1 |
- |
|
Capital Lease Payments Due in Year 2 |
- |
25.6 |
21.5 |
13.3 |
- |
|
Capital Lease Payments Due in Year 3 |
- |
20.5 |
20.1 |
9.9 |
- |
|
Capital Lease Payments Due in Year 4 |
- |
11.1 |
15.2 |
8.5 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
6.9 |
7.0 |
6.4 |
- |
|
Capital Lease Payments Due in 2-3 Years |
- |
46.1 |
41.6 |
23.2 |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
18.0 |
22.1 |
14.8 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
55.7 |
18.6 |
16.1 |
- |
|
Pension Obligation - Domestic |
- |
7,597.4 |
7,088.2 |
7,014.4 |
7,154.5 |
|
Plan Assets - Domestic |
- |
6,369.8 |
6,281.3 |
4,855.5 |
5,331.0 |
|
Funded Status - Domestic |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Total Funded Status |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Discount Rate - Domestic |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
Prepaid Benefits - Domestic |
- |
1,150.8 |
993.9 |
979.4 |
278.8 |
|
Accrued Liabilities - Domestic |
- |
-601.4 |
-519.5 |
-514.1 |
-903.6 |
|
Other Assets, Net - Domestic |
- |
1,777.1 |
1,281.4 |
2,624.2 |
1,198.8 |
|
Net Assets Recognized on Balance Sheet |
- |
2,326.6 |
1,755.8 |
3,089.5 |
574.0 |
|
Total Plan Obligations |
- |
7,597.4 |
7,088.2 |
7,014.4 |
7,154.5 |
|
Total Plan Assets |
- |
6,369.8 |
6,281.3 |
4,855.5 |
5,331.0 |
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Net Income/Starting Line |
884.4 |
460.9 |
302.7 |
646.1 |
886.9 |
|
Depreciation |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Depreciation/Depletion |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Accounting Change |
- |
- |
- |
- |
0.0 |
|
Unusual Items |
278.0 |
402.5 |
76.4 |
914.2 |
135.4 |
|
Equity in Net Earnings (Loss) |
-62.8 |
-79.4 |
22.3 |
89.6 |
-71.9 |
|
Other Non-Cash Items |
122.6 |
183.9 |
161.5 |
-311.4 |
-19.4 |
|
Non-Cash Items |
337.8 |
507.1 |
260.2 |
692.5 |
44.1 |
|
Accounts Receivable |
-1,568.0 |
961.3 |
1,471.2 |
-410.9 |
700.6 |
|
Inventories |
429.9 |
1,949.9 |
440.2 |
-1,492.7 |
-1,231.7 |
|
Other Assets |
-21.9 |
-257.0 |
-27.1 |
-398.2 |
-31.1 |
|
Accounts Payable |
481.3 |
-319.6 |
-600.6 |
3.0 |
-128.5 |
|
Other Liabilities |
1,075.3 |
-538.8 |
-1,512.4 |
1,031.5 |
519.9 |
|
Other Operating Cash Flow |
-651.2 |
-364.0 |
-550.2 |
-787.4 |
-461.1 |
|
Changes in Working Capital |
-254.7 |
1,431.8 |
-778.9 |
-2,054.6 |
-632.0 |
|
Cash from Operating Activities |
2,537.4 |
3,942.1 |
1,269.4 |
806.5 |
1,421.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,487.2 |
-1,611.6 |
-1,972.3 |
-1,813.9 |
-1,703.0 |
|
Capital Expenditures |
-1,487.2 |
-1,611.6 |
-1,972.3 |
-1,813.9 |
-1,703.0 |
|
Sale of Fixed Assets |
848.0 |
150.5 |
329.9 |
63.3 |
132.1 |
|
Sale/Maturity of Investment |
551.6 |
72.9 |
87.0 |
538.4 |
85.6 |
|
Investment, Net |
55.9 |
-1.8 |
-6.5 |
30.1 |
25.4 |
|
Purchase of Investments |
-541.6 |
-196.5 |
-417.9 |
-411.1 |
-248.2 |
|
Other Investing Cash Flow |
-22.7 |
-15.2 |
35.6 |
34.9 |
19.1 |
|
Other Investing Cash Flow Items, Total |
891.4 |
9.9 |
28.0 |
255.5 |
14.0 |
|
Cash from Investing Activities |
-595.8 |
-1,601.6 |
-1,944.3 |
-1,558.4 |
-1,689.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-24.1 |
-14.4 |
109.7 |
226.4 |
-9.1 |
|
Financing Cash Flow Items |
-24.1 |
-14.4 |
109.7 |
226.4 |
-9.1 |
|
Cash Dividends Paid - Common |
-211.9 |
-155.8 |
-179.7 |
-199.9 |
-175.7 |
|
Total Cash Dividends Paid |
-211.9 |
-155.8 |
-179.7 |
-199.9 |
-175.7 |
|
Short Term Debt, Net |
877.4 |
-379.5 |
-2,594.1 |
1,342.9 |
-497.1 |
|
Long Term Debt Issued |
35.9 |
158.0 |
3,041.8 |
2,484.2 |
2,294.1 |
|
Long Term Debt
Reduction |
-3,002.6 |
-1,589.7 |
-1,510.5 |
-1,246.2 |
-989.1 |
|
Long Term Debt, Net |
-2,966.7 |
-1,431.7 |
1,531.3 |
1,238.0 |
1,305.0 |
|
Issuance (Retirement) of Debt, Net |
-2,089.3 |
-1,811.2 |
-1,062.9 |
2,580.8 |
807.9 |
|
Cash from Financing Activities |
-2,325.4 |
-1,981.4 |
-1,132.9 |
2,607.4 |
623.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-51.2 |
-29.3 |
37.4 |
-232.8 |
-46.7 |
|
Net Change in Cash |
-435.0 |
329.7 |
-1,770.4 |
1,622.7 |
308.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,659.4 |
3,041.3 |
4,582.6 |
2,615.9 |
1,991.1 |
|
Net Cash - Ending Balance |
3,224.4 |
3,371.0 |
2,812.2 |
4,238.6 |
2,299.6 |
|
Cash Interest Paid |
265.1 |
266.9 |
237.8 |
197.7 |
175.6 |
|
Cash Taxes Paid |
554.4 |
204.1 |
414.2 |
761.3 |
423.2 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Net Sales |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
Total Revenue |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
|
|
|
|
|
|
|
Cost of sales |
30,080.1 |
28,729.3 |
27,299.6 |
29,311.4 |
24,093.6 |
|
Allowance doubtful account |
4.0 |
32.6 |
77.7 |
22.7 |
38.8 |
|
Director & Employee Salaries |
1,573.0 |
1,411.2 |
1,325.4 |
1,209.1 |
1,014.2 |
|
Research & Development |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Bidding Expenses |
357.5 |
364.4 |
303.0 |
232.9 |
204.6 |
|
Other SGA |
1,673.0 |
1,480.1 |
1,272.5 |
1,218.3 |
1,072.2 |
|
SP Reversal-pension plan |
- |
0.0 |
-53.3 |
0.0 |
- |
|
Accrued Retire Trust Gain |
- |
- |
0.0 |
-359.3 |
0.0 |
|
SP Accounting change on inventory |
- |
- |
0.0 |
332.7 |
0.0 |
|
SP Dispute related expense |
- |
- |
0.0 |
207.3 |
0.0 |
|
SP Preparation Expense for Restruct |
482.7 |
264.7 |
171.9 |
103.8 |
264.7 |
|
SP Disaster Losses |
0.0 |
119.5 |
0.0 |
- |
- |
|
SP Loss on PCP Wast Material |
51.9 |
0.0 |
- |
- |
- |
|
SP Account change in pension |
- |
- |
- |
- |
0.0 |
|
SP L on valuation of investment securiti |
31.4 |
111.1 |
0.0 |
- |
0.0 |
|
SP L on adjustment for changes of accoun |
0.0 |
23.5 |
0.0 |
- |
- |
|
NOP Loss Fixed Assets Retirement |
72.5 |
68.6 |
67.6 |
70.5 |
64.3 |
|
Total Operating Expense |
34,946.1 |
33,292.5 |
31,122.1 |
32,895.6 |
27,161.8 |
|
|
|
|
|
|
|
|
SP Gain-Inv Sec Sold |
0.0 |
58.0 |
54.5 |
142.2 |
0.0 |
|
SP Gain-Fix Asset Sold |
359.0 |
126.9 |
108.5 |
39.1 |
161.6 |
|
SP Gain on transfer of business |
- |
- |
- |
0.0 |
32.1 |
|
NOP Interest Income |
46.1 |
47.0 |
39.3 |
55.5 |
61.9 |
|
NOP Dividend Income |
53.8 |
40.8 |
35.6 |
85.8 |
65.5 |
|
NOP Equity in earnings of affiliates |
62.8 |
79.4 |
0.0 |
0.0 |
71.9 |
|
NOP Exchange Gains |
- |
- |
0.0 |
12.2 |
0.0 |
|
NOP Other Income |
64.7 |
68.5 |
61.1 |
25.7 |
47.5 |
|
NOP Interest Expenses |
-259.9 |
-262.2 |
-243.5 |
-201.3 |
-177.5 |
|
NOP Equity Loss in Affiliate |
- |
0.0 |
-22.3 |
-89.6 |
0.0 |
|
NOP Foreign exchange losses |
-64.5 |
-169.9 |
-4.5 |
0.0 |
-94.3 |
|
NOP Other Expenses |
-156.9 |
-121.3 |
-246.2 |
-121.9 |
-142.8 |
|
Net Income Before Taxes |
884.4 |
461.0 |
302.8 |
646.1 |
886.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
572.1 |
122.3 |
196.1 |
408.6 |
334.9 |
|
Net Income After Taxes |
312.3 |
338.7 |
106.7 |
237.5 |
552.0 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.4 |
12.8 |
45.7 |
3.5 |
-15.4 |
|
Net Income Before Extra. Items |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Net Income |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Rounding Adjustment |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
3,355.1 |
3,356.0 |
3,356.2 |
3,356.1 |
3,355.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Basic EPS Including ExtraOrdinary Item |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Diluted Weighted Average Shares |
3,361.6 |
3,359.6 |
3,356.2 |
3,356.7 |
3,357.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Diluted EPS Including ExtraOrd Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
DPS-Common Stock |
0.08 |
0.05 |
0.04 |
0.06 |
0.05 |
|
Gross Dividends - Common Stock |
254.9 |
156.6 |
144.4 |
200.4 |
176.2 |
|
Normalized Income Before Taxes |
1,164.0 |
921.6 |
380.4 |
962.1 |
1,022.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
670.0 |
244.5 |
223.3 |
519.2 |
386.0 |
|
Normalized Income After Taxes |
494.0 |
677.1 |
157.1 |
442.9 |
636.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
492.5 |
689.8 |
202.8 |
446.4 |
620.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Diluted Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Research & Development Exp |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Interest Expense |
259.9 |
262.2 |
243.5 |
201.3 |
177.5 |
|
Depreciation |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Reported operating profit |
1,417.9 |
1,181.2 |
706.5 |
1,053.5 |
1,190.1 |
|
Reported ordinary profit |
1,091.4 |
794.9 |
258.3 |
749.4 |
958.0 |
|
Service cost |
- |
335.9 |
305.0 |
295.5 |
252.8 |
|
Interest cost |
- |
152.0 |
145.7 |
139.5 |
129.8 |
|
Expected return on plan asset |
- |
-162.0 |
-114.5 |
-128.5 |
-131.8 |
|
Actuarial G/L |
- |
221.2 |
281.4 |
164.0 |
86.2 |
|
Prior service cost |
- |
-2.3 |
-54.4 |
-1.0 |
-2.3 |
|
Domestic Pension Plan Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Total Pension Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Discount rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Plan asset expected rate of return |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Ernst & Young
LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Cash & Deposit |
3,183.7 |
3,632.3 |
2,933.0 |
4,404.6 |
2,761.7 |
|
Note & Account Rcvbl |
11,750.4 |
10,287.7 |
10,147.7 |
10,960.5 |
10,916.6 |
|
Securities |
0.0 |
0.1 |
0.1 |
30.5 |
35.9 |
|
Finished goods & merchandise |
1,893.4 |
2,119.1 |
1,837.5 |
1,728.8 |
1,477.6 |
|
inventories-work-in-process |
9,392.2 |
9,699.3 |
10,035.7 |
9,710.8 |
8,936.3 |
|
Inventories - raw materials&supplies |
1,501.1 |
1,649.4 |
1,397.9 |
1,404.5 |
1,289.1 |
|
Deferred Tax Asset |
2,193.9 |
1,952.5 |
1,527.4 |
1,380.4 |
1,150.8 |
|
Other Current |
2,194.9 |
1,826.5 |
2,466.7 |
2,481.5 |
2,995.2 |
|
Allowance doubtful account |
-77.3 |
-90.5 |
-95.0 |
-56.9 |
-57.0 |
|
Total Current Assets |
32,032.4 |
31,076.4 |
30,251.1 |
32,044.7 |
29,506.0 |
|
|
|
|
|
|
|
|
Bldg & Structure,net |
4,154.2 |
4,288.7 |
3,687.9 |
3,351.9 |
3,180.4 |
|
Machineries & Vehicle,net |
2,840.8 |
3,034.6 |
2,968.6 |
2,858.9 |
2,737.1 |
|
Tool & Supplies,net |
461.9 |
479.2 |
530.0 |
667.4 |
831.7 |
|
Land |
1,667.0 |
2,008.9 |
1,752.8 |
1,599.5 |
1,543.3 |
|
Lease assets |
65.0 |
72.4 |
62.8 |
30.8 |
0.0 |
|
Construction in Progress |
492.3 |
511.1 |
590.5 |
526.1 |
504.9 |
|
Total intangible assets |
307.3 |
303.6 |
312.0 |
313.8 |
- |
|
Software |
- |
- |
- |
- |
291.7 |
|
Investment Securities |
3,751.3 |
2,185.6 |
2,223.7 |
2,776.1 |
6,120.9 |
|
Equity secs.-nonconsol affil.&sub. |
- |
1,690.9 |
1,441.5 |
- |
- |
|
Long Term Loans |
66.5 |
62.5 |
38.5 |
25.4 |
31.3 |
|
Deferred tax |
135.7 |
130.6 |
100.2 |
94.9 |
74.5 |
|
Other Assets |
2,254.1 |
2,399.1 |
1,763.9 |
1,642.9 |
746.3 |
|
Inv't partnership-nonconsol.affil.&subs |
- |
1.2 |
1.1 |
- |
- |
|
Allowance doubtful account |
-113.3 |
-115.0 |
-103.4 |
-106.6 |
-185.8 |
|
Total Assets |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
Note & Account payable |
7,903.1 |
7,469.9 |
6,919.3 |
7,083.6 |
7,369.3 |
|
ST Debt |
1,849.2 |
1,031.5 |
1,259.4 |
2,518.3 |
2,348.9 |
|
Current LT Debt |
1,598.7 |
2,547.2 |
1,172.3 |
1,096.2 |
858.2 |
|
Commercial Paper |
- |
0.0 |
64.2 |
1,164.3 |
0.0 |
|
Current portion of debt |
- |
- |
- |
- |
0.0 |
|
Current portion Corp Debt |
848.5 |
169.8 |
214.0 |
205.5 |
404.9 |
|
Product Warranty |
252.6 |
279.0 |
306.5 |
241.7 |
237.7 |
|
Construction Loss Reserve |
941.5 |
612.4 |
262.1 |
383.8 |
69.3 |
|
Dispute related reserve |
47.8 |
26.1 |
149.2 |
235.9 |
0.0 |
|
Customer Advance |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Other Current |
2,525.1 |
2,388.6 |
2,139.6 |
2,418.3 |
2,341.3 |
|
Total Current Liabilities |
20,813.1 |
18,509.5 |
16,650.2 |
20,197.3 |
18,344.2 |
|
|
|
|
|
|
|
|
Corporate Bond |
3,034.5 |
3,981.7 |
3,688.0 |
2,679.0 |
2,873.9 |
|
Long Term Debt |
6,714.7 |
8,264.8 |
9,605.1 |
8,666.2 |
7,231.8 |
|
Total Long Term Debt |
9,749.2 |
12,246.5 |
13,293.1 |
11,345.1 |
10,105.7 |
|
|
|
|
|
|
|
|
Deferred Tax Liability |
216.4 |
43.5 |
191.4 |
76.1 |
945.7 |
|
Accrued Retirement |
570.5 |
601.4 |
519.5 |
514.1 |
903.6 |
|
Reserve for PCB Waste Material |
140.9 |
84.5 |
78.7 |
43.5 |
43.2 |
|
Other LT Debt |
768.3 |
806.0 |
667.8 |
657.3 |
568.4 |
|
Minority Interest |
599.7 |
592.4 |
530.2 |
412.8 |
197.7 |
|
Total Liabilities |
32,858.1 |
32,883.9 |
31,930.9 |
33,246.2 |
31,108.6 |
|
|
|
|
|
|
|
|
Common Stock |
3,224.0 |
3,204.7 |
2,842.6 |
2,689.2 |
2,668.5 |
|
Paid in Capital |
2,475.5 |
2,460.7 |
2,182.6 |
2,064.7 |
2,048.5 |
|
Retained Earning |
9,983.2 |
9,835.2 |
8,563.8 |
7,987.7 |
7,906.8 |
|
Treasury Stock |
-65.8 |
-65.5 |
-53.8 |
-51.0 |
-50.7 |
|
Unreal Gain-Sec |
268.0 |
308.6 |
384.7 |
175.3 |
1,582.8 |
|
Deferred hedge |
0.1 |
-5.6 |
-7.7 |
3.3 |
73.8 |
|
Currency Adjustm |
-650.7 |
-510.5 |
-234.3 |
-298.5 |
38.6 |
|
Stock subscription right |
22.7 |
18.2 |
12.7 |
8.9 |
5.5 |
|
Total Equity |
15,257.0 |
15,245.9 |
13,690.4 |
12,579.5 |
14,273.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
Total Common Shares Outstanding |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
T/S-Common Stock |
18.5 |
18.6 |
17.4 |
17.5 |
17.6 |
|
Deferred Revenue - Current |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Full-Time Employees |
- |
68,816 |
67,669 |
67,416 |
64,103 |
|
Number of Common Shareholders |
- |
349,540 |
368,762 |
375,538 |
360,820 |
|
Long Term Debt Maturing within 1 Yr. |
- |
2,717.0 |
1,386.3 |
1,301.7 |
1,263.0 |
|
Long Term Debt Maturing within 2 Yr. |
- |
2,528.8 |
2,429.1 |
1,212.0 |
1,239.3 |
|
Long Term Debt Maturing within 3 Yr. |
- |
2,413.7 |
2,238.3 |
2,267.3 |
1,097.3 |
|
Long Term Debt Maturing within 4 Yr. |
- |
3,029.5 |
2,132.3 |
1,966.2 |
1,261.2 |
|
Long Term Debt Maturing within 5 Yr. |
- |
599.7 |
2,696.3 |
1,811.0 |
1,548.9 |
|
Long Term Debt Remaining Maturities |
- |
3,674.9 |
3,797.1 |
4,088.7 |
4,959.0 |
|
Total Long Term Debt, Supplemental |
- |
14,963.5 |
14,679.4 |
12,646.8 |
11,368.8 |
|
Capital lease due within 1 yr |
- |
26.9 |
24.5 |
14.1 |
- |
|
Capital lease due within 2 yr |
- |
25.6 |
21.5 |
13.3 |
- |
|
Capital lease due within 3 yr |
- |
20.5 |
20.1 |
9.9 |
- |
|
Capital lease due within 4 yr |
- |
11.1 |
15.2 |
8.5 |
- |
|
Capital lease due within 5 yr |
- |
6.9 |
7.0 |
6.4 |
- |
|
Remaining |
- |
55.7 |
18.6 |
16.1 |
- |
|
Total Capital Leases |
- |
146.8 |
106.8 |
68.3 |
- |
|
Pension obligation |
- |
7,597.4 |
7,088.2 |
7,014.4 |
7,154.5 |
|
Fair value of plan asset |
- |
6,369.8 |
6,281.3 |
4,855.5 |
5,331.0 |
|
Funded status |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Total Funded Status |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Discount rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
Unrecog. actuarial G/L |
- |
1,778.8 |
1,285.3 |
2,628.7 |
1,204.1 |
|
Unrecog. prior service cost |
- |
-1.6 |
-3.9 |
-4.5 |
-5.3 |
|
Prepaid pension |
- |
1,150.8 |
993.9 |
979.4 |
278.8 |
|
Accrued pension |
- |
-601.4 |
-519.5 |
-514.1 |
-903.6 |
|
Net Assets Recognized on Balance Sheet |
- |
2,326.6 |
1,755.8 |
3,089.5 |
574.0 |
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Income Before Tax |
884.4 |
460.9 |
302.7 |
646.1 |
886.9 |
|
Depreciation |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Accrued Retirement |
-37.4 |
9.6 |
-7.2 |
-386.4 |
-74.8 |
|
Interest & Dividend |
-99.9 |
-87.9 |
-74.9 |
-141.2 |
-127.4 |
|
Interest Expenses |
259.9 |
262.2 |
243.5 |
201.3 |
177.5 |
|
Equity in Affiliate |
-62.8 |
-79.4 |
22.3 |
89.6 |
-71.9 |
|
Gain Sale Investment Secs |
-1.6 |
-58.0 |
-54.5 |
-142.2 |
0.0 |
|
Loss (gain) on valuation of investment s |
31.4 |
111.1 |
0.0 |
- |
0.0 |
|
Gain Sale Fixed Asset |
-359.0 |
-126.9 |
-108.5 |
-39.1 |
-161.6 |
|
Loss on adjustment for changes of accoun |
0.0 |
23.5 |
0.0 |
- |
- |
|
Loss retire fixed asset |
72.5 |
68.6 |
67.6 |
70.5 |
64.3 |
|
Dispute related loss |
- |
- |
0.0 |
207.3 |
0.0 |
|
Loss on disaster |
0.0 |
119.5 |
0.0 |
- |
- |
|
Special Preparation Expense for Restruct |
482.7 |
264.7 |
171.9 |
103.8 |
264.7 |
|
Gains on transfer of business |
- |
- |
- |
0.0 |
-32.1 |
|
Decrease in inv't secs. |
- |
- |
0.0 |
713.9 |
0.0 |
|
Change in account for pension |
- |
- |
- |
- |
0.0 |
|
Expense for treatment of PCB waste |
51.9 |
0.0 |
- |
- |
- |
|
Accounts Receivable |
-1,568.0 |
961.3 |
1,471.2 |
-410.9 |
700.6 |
|
Inventories |
429.9 |
1,949.9 |
440.2 |
-1,492.7 |
-1,231.7 |
|
Other Assets |
-21.9 |
-257.0 |
-27.1 |
-398.2 |
-31.1 |
|
Accounts Payable |
481.3 |
-319.6 |
-600.6 |
3.0 |
-128.5 |
|
Customer Advance |
890.1 |
-635.6 |
-983.3 |
263.6 |
673.4 |
|
Other Liabilities |
185.2 |
96.8 |
-529.1 |
767.9 |
-153.5 |
|
Other Operating CF |
61.3 |
-3.5 |
12.3 |
-13.9 |
-4.4 |
|
Interest & Dividend |
107.0 |
110.5 |
89.6 |
185.5 |
142.1 |
|
Interest Paid |
-265.1 |
-266.9 |
-237.8 |
-197.7 |
-175.6 |
|
Taxes Paid |
-554.4 |
-204.1 |
-414.2 |
-761.3 |
-423.2 |
|
Newly Consolidated |
- |
- |
- |
15.0 |
5.3 |
|
Adjustment |
- |
- |
- |
0.0 |
0.0 |
|
Cash from Operating Activities |
2,537.4 |
3,942.1 |
1,269.4 |
806.5 |
1,421.1 |
|
|
|
|
|
|
|
|
Time Deposit,net |
55.9 |
-1.8 |
-6.5 |
30.1 |
25.4 |
|
Securities Bought |
-506.6 |
0.0 |
0.0 |
-2.4 |
0.0 |
|
Securities Sold |
506.6 |
0.0 |
0.0 |
5.5 |
6.9 |
|
Capital Expenditure |
-1,487.2 |
-1,611.6 |
-1,972.3 |
-1,813.9 |
-1,703.0 |
|
Fixed Asset Sold |
848.0 |
150.5 |
329.9 |
63.3 |
132.1 |
|
Investment Security Bought |
-35.0 |
-196.5 |
-417.9 |
-408.7 |
-248.2 |
|
Sale/Maturity Securities |
45.0 |
72.9 |
87.0 |
532.8 |
78.6 |
|
Loans Made |
-24.4 |
-31.8 |
-170.2 |
-16.1 |
-17.1 |
|
Loans Returned |
23.9 |
36.5 |
208.1 |
50.1 |
10.0 |
|
Other Investing CF |
-22.1 |
-19.8 |
-2.2 |
0.8 |
26.2 |
|
Cash from Investing Activities |
-595.8 |
-1,601.6 |
-1,944.3 |
-1,558.4 |
-1,689.0 |
|
|
|
|
|
|
|
|
ST Debt &Commercial Paper,net |
877.4 |
-379.5 |
-2,594.1 |
1,342.9 |
-497.1 |
|
LT Debt Proceed |
35.9 |
158.0 |
1,965.8 |
2,484.2 |
1,156.7 |
|
LT Debt Repaid |
-2,695.7 |
-1,356.3 |
-1,291.5 |
-845.2 |
-528.4 |
|
Proceeds from issuance of bonds |
- |
0.0 |
1,076.0 |
0.0 |
1,137.3 |
|
Corp Debt Repaid |
-306.8 |
-233.4 |
-219.0 |
-401.1 |
-460.7 |
|
Proceeds from minority shareholders |
22.5 |
22.2 |
149.3 |
234.2 |
0.0 |
|
Dividend Paid |
-211.9 |
-155.8 |
-179.7 |
-199.9 |
-175.7 |
|
Minority Dividend |
-17.4 |
-7.0 |
-8.8 |
-5.0 |
-6.2 |
|
Other Operating CF |
-29.2 |
-29.6 |
-30.8 |
-2.8 |
-2.8 |
|
Cash from Financing Activities |
-2,325.4 |
-1,981.4 |
-1,132.9 |
2,607.4 |
623.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-51.2 |
-29.3 |
37.4 |
-232.8 |
-46.7 |
|
Net Change in Cash |
-435.0 |
329.7 |
-1,770.4 |
1,622.7 |
308.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,659.4 |
3,041.3 |
4,582.6 |
2,615.9 |
1,991.1 |
|
Net Cash - Ending Balance |
3,224.4 |
3,371.0 |
2,812.2 |
4,238.6 |
2,299.6 |
|
Cash Interest Paid |
265.1 |
266.9 |
237.8 |
197.7 |
175.6 |
|
Cash Taxes Paid |
554.4 |
204.1 |
414.2 |
761.3 |
423.2 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
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|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
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|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Net Sales |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
Revenue |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
Total Revenue |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
30,080.1 |
28,729.3 |
27,299.6 |
29,311.4 |
24,093.6 |
|
Cost of Revenue, Total |
30,080.1 |
28,729.3 |
27,299.6 |
29,311.4 |
24,093.6 |
|
Gross Profit |
5,645.5 |
5,157.0 |
4,342.9 |
4,282.6 |
3,929.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2,034.5 |
1,877.1 |
1,653.2 |
1,474.0 |
1,315.6 |
|
Labor & Related Expense |
1,573.0 |
1,411.2 |
1,325.4 |
1,209.1 |
1,014.2 |
|
Total Selling/General/Administrative Expenses |
3,607.5 |
3,288.3 |
2,978.7 |
2,683.1 |
2,329.8 |
|
Research & Development |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Restructuring Charge |
482.7 |
264.7 |
171.9 |
103.8 |
264.7 |
|
Impairment-Assets Held for Use |
72.5 |
68.6 |
67.6 |
70.5 |
64.3 |
|
Impairment-Assets Held for Sale |
31.4 |
111.1 |
0.0 |
- |
0.0 |
|
Other Unusual Expense (Income) |
51.9 |
143.0 |
-53.3 |
180.8 |
0.0 |
|
Unusual Expense (Income) |
638.5 |
587.4 |
186.2 |
355.1 |
329.0 |
|
Total Operating Expense |
34,946.1 |
33,292.5 |
31,122.1 |
32,895.6 |
27,161.8 |
|
|
|
|
|
|
|
|
Operating Income |
779.4 |
593.8 |
520.4 |
698.4 |
861.1 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-259.9 |
-262.2 |
-243.5 |
-201.3 |
-177.5 |
|
Interest Expense, Net Non-Operating |
-259.9 |
-262.2 |
-243.5 |
-201.3 |
-177.5 |
|
Interest Income -
Non-Operating |
46.1 |
47.0 |
39.3 |
55.5 |
61.9 |
|
Investment Income - Non-Operating |
52.1 |
8.4 |
63.2 |
150.5 |
43.1 |
|
Interest/Investment Income - Non-Operating |
98.2 |
55.4 |
102.5 |
206.0 |
105.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-161.7 |
-206.8 |
-141.0 |
4.8 |
-72.5 |
|
Gain (Loss) on Sale of Assets |
359.0 |
126.9 |
108.5 |
39.1 |
193.6 |
|
Other Non-Operating Income (Expense) |
-92.2 |
-52.9 |
-185.1 |
-96.2 |
-95.3 |
|
Other, Net |
-92.2 |
-52.9 |
-185.1 |
-96.2 |
-95.3 |
|
Income Before Tax |
884.4 |
461.0 |
302.8 |
646.1 |
886.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
572.1 |
122.3 |
196.1 |
408.6 |
334.9 |
|
Income After Tax |
312.3 |
338.7 |
106.7 |
237.5 |
552.0 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.4 |
12.8 |
45.7 |
3.5 |
-15.4 |
|
Net Income Before Extraord Items |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Net Income |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
3,355.1 |
3,356.0 |
3,356.2 |
3,356.1 |
3,355.9 |
|
Basic EPS Excl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Basic/Primary EPS Incl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Diluted Weighted Average Shares |
3,361.6 |
3,359.6 |
3,356.2 |
3,356.7 |
3,357.0 |
|
Diluted EPS Excl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Diluted EPS Incl Extraord Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Dividends per Share - Common Stock Primary Issue |
0.08 |
0.05 |
0.04 |
0.06 |
0.05 |
|
Gross Dividends - Common Stock |
254.9 |
156.6 |
144.4 |
200.4 |
176.2 |
|
Interest Expense, Supplemental |
259.9 |
262.2 |
243.5 |
201.3 |
177.5 |
|
Depreciation, Supplemental |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Total Special Items |
279.6 |
460.6 |
77.6 |
316.0 |
135.4 |
|
Normalized Income Before Tax |
1,164.0 |
921.6 |
380.4 |
962.1 |
1,022.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
97.8 |
122.2 |
27.2 |
110.6 |
51.1 |
|
Inc Tax Ex Impact of Sp Items |
670.0 |
244.5 |
223.3 |
519.2 |
386.0 |
|
Normalized Income After Tax |
494.0 |
677.1 |
157.1 |
442.9 |
636.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
492.5 |
689.8 |
202.8 |
446.4 |
620.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Diluted Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Research & Development Exp, Supplemental |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Reported Operating Profit |
1,417.9 |
1,181.2 |
706.5 |
1,053.5 |
1,190.1 |
|
Reported Ordinary Profit |
1,091.4 |
794.9 |
258.3 |
749.4 |
958.0 |
|
Normalized EBIT |
1,418.0 |
1,181.2 |
706.5 |
1,053.5 |
1,190.1 |
|
Normalized EBITDA |
2,987.9 |
2,723.5 |
2,191.8 |
2,576.0 |
2,312.2 |
|
Interest Cost - Domestic |
- |
152.0 |
145.7 |
139.5 |
129.8 |
|
Service Cost - Domestic |
- |
335.9 |
305.0 |
295.5 |
252.8 |
|
Prior Service Cost - Domestic |
- |
-2.3 |
-54.4 |
-1.0 |
-2.3 |
|
Expected Return on Assets - Domestic |
- |
-162.0 |
-114.5 |
-128.5 |
-131.8 |
|
Actuarial Gains and Losses - Domestic |
- |
221.2 |
281.4 |
164.0 |
86.2 |
|
Domestic Pension Plan Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Total Pension Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Discount Rate - Domestic |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
Total Plan Interest Cost |
- |
152.0 |
145.7 |
139.5 |
129.8 |
|
Total Plan Service Cost |
- |
335.9 |
305.0 |
295.5 |
252.8 |
|
Total Plan Expected Return |
- |
-162.0 |
-114.5 |
-128.5 |
-131.8 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
|
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) |
79.208816 |
77.302742 |
77.752043 |
81.605269 |
82.241044 |
|
|
|
|
|
|
|
|
Net Sales |
10,882.0 |
8,607.2 |
8,745.7 |
7,519.5 |
9,922.2 |
|
Revenue |
10,882.0 |
8,607.2 |
8,745.7 |
7,519.5 |
9,922.2 |
|
Total Revenue |
10,882.0 |
8,607.2 |
8,745.7 |
7,519.5 |
9,922.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,543.9 |
7,233.7 |
7,247.8 |
6,084.0 |
8,576.2 |
|
Cost of Revenue, Total |
9,543.9 |
7,233.7 |
7,247.8 |
6,084.0 |
8,576.2 |
|
Gross Profit |
1,338.1 |
1,373.5 |
1,498.0 |
1,435.4 |
1,345.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
569.4 |
497.7 |
494.9 |
472.9 |
514.3 |
|
Labor & Related Expense |
391.0 |
400.2 |
404.5 |
378.1 |
381.9 |
|
Total Selling/General/Administrative Expenses |
960.4 |
897.9 |
899.4 |
850.9 |
896.2 |
|
Research & Development |
202.2 |
153.7 |
155.1 |
110.2 |
199.2 |
|
Restructuring Charge |
- |
- |
- |
- |
275.8 |
|
Impairment-Assets Held for Use |
31.5 |
18.5 |
14.8 |
8.0 |
26.4 |
|
Impairment-Assets Held for Sale |
- |
6.2 |
0.4 |
26.8 |
64.8 |
|
Other Unusual Expense (Income) |
410.7 |
118.4 |
-360.5 |
0.0 |
-4.1 |
|
Unusual Expense (Income) |
442.1 |
143.1 |
-345.2 |
34.7 |
362.9 |
|
Total Operating Expense |
11,148.6 |
8,428.4 |
7,957.1 |
7,079.9 |
10,034.5 |
|
|
|
|
|
|
|
|
Operating Income |
-266.6 |
178.8 |
788.7 |
439.6 |
-112.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-60.0 |
-66.1 |
-68.8 |
-65.1 |
-65.2 |
|
Interest Expense, Net Non-Operating |
-60.0 |
-66.1 |
-68.8 |
-65.1 |
-65.2 |
|
Interest Income -
Non-Operating |
11.0 |
12.6 |
12.3 |
10.2 |
13.4 |
|
Investment Income -
Non-Operating |
168.5 |
56.0 |
-138.7 |
-34.1 |
121.3 |
|
Interest/Investment Income - Non-Operating |
179.6 |
68.5 |
-126.3 |
-23.9 |
134.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
119.6 |
2.5 |
-195.1 |
-89.0 |
69.6 |
|
Other Non-Operating Income (Expense) |
-53.8 |
3.8 |
-28.3 |
-13.7 |
-58.1 |
|
Other, Net |
-53.8 |
3.8 |
-28.3 |
-13.7 |
-58.1 |
|
Income Before Tax |
-200.8 |
185.1 |
565.2 |
336.9 |
-100.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
-100.9 |
277.0 |
174.4 |
223.0 |
-255.1 |
|
Income After Tax |
-99.9 |
-92.0 |
390.9 |
113.9 |
154.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.4 |
-0.6 |
-2.0 |
4.4 |
-6.5 |
|
Net Income Before Extraord Items |
-103.3 |
-92.6 |
388.8 |
118.3 |
147.7 |
|
Net Income |
-103.3 |
-92.6 |
388.8 |
118.3 |
147.7 |
|
|
|
|
|
|
|
|
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 |
-103.3 |
-92.6 |
388.9 |
118.3 |
147.7 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-103.3 |
-92.6 |
388.9 |
118.3 |
147.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.4 |
|
Basic EPS Excl Extraord Items |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
Basic/Primary EPS Incl Extraord Items |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-103.3 |
-92.6 |
388.9 |
118.3 |
147.7 |
|
Diluted Weighted Average Shares |
3,355.1 |
3,355.1 |
3,362.8 |
3,357.5 |
3,369.8 |
|
Diluted EPS Excl Extraord Items |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
Diluted EPS Incl Extraord Items |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
Dividends per Share - Common Stock Primary Issue |
0.04 |
0.00 |
0.04 |
0.00 |
0.02 |
|
Gross Dividends - Common Stock |
127.1 |
0.0 |
129.4 |
0.0 |
81.6 |
|
Interest Expense, Supplemental |
60.0 |
66.1 |
68.8 |
65.1 |
65.2 |
|
Depreciation, Supplemental |
424.4 |
409.8 |
379.9 |
356.9 |
429.4 |
|
Total Special Items |
442.1 |
143.1 |
-345.2 |
34.7 |
362.9 |
|
Normalized Income Before Tax |
241.3 |
328.1 |
220.0 |
371.6 |
262.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
154.7 |
50.1 |
-106.5 |
12.2 |
127.0 |
|
Inc Tax Ex Impact of Sp Items |
53.8 |
327.1 |
67.9 |
235.1 |
-128.1 |
|
Normalized Income After Tax |
187.5 |
1.0 |
152.1 |
136.5 |
390.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
184.1 |
0.4 |
150.1 |
140.8 |
383.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.05 |
0.00 |
0.04 |
0.04 |
0.11 |
|
Diluted Normalized EPS |
0.05 |
0.00 |
0.04 |
0.04 |
0.11 |
|
Research & Development Exp, Supplemental |
202.2 |
153.7 |
155.1 |
110.2 |
199.2 |
|
Reported Operating Profit |
175.5 |
321.8 |
443.4 |
474.2 |
250.6 |
|
Reported Ordinary Profit |
209.8 |
309.6 |
205.2 |
363.6 |
210.1 |
|
Normalized EBIT |
175.5 |
321.8 |
443.4 |
474.3 |
250.6 |
|
Normalized EBITDA |
600.0 |
731.6 |
823.3 |
831.2 |
680.0 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Cash & Equivalents |
3,183.7 |
3,632.3 |
2,933.0 |
4,404.6 |
2,761.7 |
|
Short Term Investments |
0.0 |
0.1 |
0.1 |
30.5 |
35.9 |
|
Cash and Short Term Investments |
3,183.7 |
3,632.4 |
2,933.1 |
4,435.0 |
2,797.5 |
|
Accounts Receivable -
Trade, Gross |
11,750.4 |
10,287.7 |
10,147.7 |
10,960.5 |
10,916.6 |
|
Provision for Doubtful
Accounts |
-77.3 |
-90.5 |
-95.0 |
-56.9 |
-57.0 |
|
Trade Accounts Receivable - Net |
11,673.1 |
10,197.2 |
10,052.6 |
10,903.6 |
10,859.5 |
|
Total Receivables, Net |
11,673.1 |
10,197.2 |
10,052.6 |
10,903.6 |
10,859.5 |
|
Inventories - Finished Goods |
1,893.4 |
2,119.1 |
1,837.5 |
1,728.8 |
1,477.6 |
|
Inventories - Work In Progress |
9,392.2 |
9,699.3 |
10,035.7 |
9,710.8 |
8,936.3 |
|
Inventories - Raw Materials |
1,501.1 |
1,649.4 |
1,397.9 |
1,404.5 |
1,289.1 |
|
Total Inventory |
12,786.8 |
13,467.7 |
13,271.2 |
12,844.1 |
11,702.9 |
|
Deferred Income Tax - Current Asset |
2,193.9 |
1,952.5 |
1,527.4 |
1,380.4 |
1,150.8 |
|
Other Current Assets |
2,194.9 |
1,826.5 |
2,466.7 |
2,481.5 |
2,995.2 |
|
Other Current Assets, Total |
4,388.8 |
3,779.0 |
3,994.1 |
3,861.9 |
4,146.0 |
|
Total Current Assets |
32,032.4 |
31,076.4 |
30,251.1 |
32,044.7 |
29,506.0 |
|
|
|
|
|
|
|
|
Accumulated Depreciation |
-113.3 |
-115.0 |
-103.4 |
-106.6 |
-185.8 |
|
Property/Plant/Equipment - Net |
9,567.8 |
10,279.8 |
9,489.3 |
8,927.9 |
8,611.7 |
|
Intangibles, Net |
307.3 |
303.6 |
312.0 |
313.8 |
291.7 |
|
LT Investment - Affiliate Companies |
- |
1,692.1 |
1,442.6 |
- |
- |
|
LT Investments - Other |
3,751.3 |
2,185.6 |
2,223.7 |
2,776.1 |
6,120.9 |
|
Long Term Investments |
3,751.3 |
3,877.7 |
3,666.3 |
2,776.1 |
6,120.9 |
|
Note Receivable - Long Term |
66.5 |
62.5 |
38.5 |
25.4 |
31.3 |
|
Deferred Income Tax - Long Term Asset |
135.7 |
130.6 |
100.2 |
94.9 |
74.5 |
|
Other Long Term Assets |
2,254.1 |
2,399.1 |
1,763.9 |
1,642.9 |
746.3 |
|
Other Long Term Assets, Total |
2,389.8 |
2,529.7 |
1,864.1 |
1,737.8 |
820.7 |
|
Total Assets |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
7,903.1 |
7,469.9 |
6,919.3 |
7,083.6 |
7,369.3 |
|
Notes Payable/Short Term Debt |
1,849.2 |
1,031.5 |
1,323.6 |
3,682.6 |
2,348.9 |
|
Current Portion - Long Term Debt/Capital Leases |
2,447.2 |
2,717.0 |
1,386.3 |
1,301.7 |
1,263.0 |
|
Customer Advances |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Other Current Liabilities |
3,767.0 |
3,306.1 |
2,857.4 |
3,279.7 |
2,648.2 |
|
Other Current liabilities, Total |
8,613.6 |
7,291.1 |
7,020.9 |
8,129.4 |
7,363.0 |
|
Total Current Liabilities |
20,813.1 |
18,509.5 |
16,650.2 |
20,197.3 |
18,344.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
9,749.2 |
12,246.5 |
13,293.1 |
11,345.1 |
10,105.7 |
|
Total Long Term Debt |
9,749.2 |
12,246.5 |
13,293.1 |
11,345.1 |
10,105.7 |
|
Total Debt |
14,045.5 |
15,995.0 |
16,003.0 |
16,329.4 |
13,717.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
216.4 |
43.5 |
191.4 |
76.1 |
945.7 |
|
Deferred Income Tax |
216.4 |
43.5 |
191.4 |
76.1 |
945.7 |
|
Minority Interest |
599.7 |
592.4 |
530.2 |
412.8 |
197.7 |
|
Reserves |
140.9 |
84.5 |
78.7 |
43.5 |
43.2 |
|
Pension Benefits - Underfunded |
1,338.8 |
1,407.4 |
1,187.3 |
1,171.4 |
1,472.0 |
|
Other Liabilities, Total |
1,479.7 |
1,492.0 |
1,266.0 |
1,214.8 |
1,515.2 |
|
Total Liabilities |
32,858.1 |
32,883.9 |
31,930.9 |
33,246.2 |
31,108.6 |
|
|
|
|
|
|
|
|
Common Stock |
3,224.0 |
3,204.7 |
2,842.6 |
2,689.2 |
2,668.5 |
|
Common Stock |
3,224.0 |
3,204.7 |
2,842.6 |
2,689.2 |
2,668.5 |
|
Additional Paid-In Capital |
2,498.1 |
2,478.9 |
2,195.2 |
2,073.6 |
2,054.0 |
|
Retained Earnings (Accumulated Deficit) |
9,983.2 |
9,835.2 |
8,563.8 |
7,987.7 |
7,906.8 |
|
Treasury Stock - Common |
-65.8 |
-65.5 |
-53.8 |
-51.0 |
-50.7 |
|
Unrealized Gain (Loss) |
268.2 |
303.0 |
376.9 |
178.6 |
1,656.6 |
|
Translation Adjustment |
-650.7 |
-510.5 |
-234.3 |
-298.5 |
38.6 |
|
Other Equity, Total |
-650.7 |
-510.5 |
-234.3 |
-298.5 |
38.6 |
|
Total Equity |
15,257.0 |
15,245.9 |
13,690.4 |
12,579.5 |
14,273.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
Total Common Shares Outstanding |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
Treasury Shares - Common Stock Primary Issue |
18.5 |
18.6 |
17.4 |
17.5 |
17.6 |
|
Employees |
- |
68,816 |
67,669 |
67,416 |
64,103 |
|
Number of Common Shareholders |
- |
349,540 |
368,762 |
375,538 |
360,820 |
|
Deferred Revenue - Current |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Total Long Term Debt, Supplemental |
- |
14,963.5 |
14,679.4 |
12,646.8 |
11,368.8 |
|
Long Term Debt Maturing within 1 Year |
- |
2,717.0 |
1,386.3 |
1,301.7 |
1,263.0 |
|
Long Term Debt Maturing in Year 2 |
- |
2,528.8 |
2,429.1 |
1,212.0 |
1,239.3 |
|
Long Term Debt Maturing in Year 3 |
- |
2,413.7 |
2,238.3 |
2,267.3 |
1,097.3 |
|
Long Term Debt Maturing in Year 4 |
- |
3,029.5 |
2,132.3 |
1,966.2 |
1,261.2 |
|
Long Term Debt Maturing in Year 5 |
- |
599.7 |
2,696.3 |
1,811.0 |
1,548.9 |
|
Long Term Debt Maturing in 2-3 Years |
- |
4,942.5 |
4,667.4 |
3,479.3 |
2,336.7 |
|
Long Term Debt Maturing in 4-5 Years |
- |
3,629.2 |
4,828.5 |
3,777.2 |
2,810.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
3,674.9 |
3,797.1 |
4,088.7 |
4,959.0 |
|
Total Capital Leases, Supplemental |
- |
146.8 |
106.8 |
68.3 |
- |
|
Capital Lease Payments Due in Year 1 |
- |
26.9 |
24.5 |
14.1 |
- |
|
Capital Lease Payments Due in Year 2 |
- |
25.6 |
21.5 |
13.3 |
- |
|
Capital Lease Payments Due in Year 3 |
- |
20.5 |
20.1 |
9.9 |
- |
|
Capital Lease Payments Due in Year 4 |
- |
11.1 |
15.2 |
8.5 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
6.9 |
7.0 |
6.4 |
- |
|
Capital Lease Payments Due in 2-3 Years |
- |
46.1 |
41.6 |
23.2 |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
18.0 |
22.1 |
14.8 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
55.7 |
18.6 |
16.1 |
- |
|
Pension Obligation - Domestic |
- |
7,597.4 |
7,088.2 |
7,014.4 |
7,154.5 |
|
Plan Assets - Domestic |
- |
6,369.8 |
6,281.3 |
4,855.5 |
5,331.0 |
|
Funded Status - Domestic |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Total Funded Status |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Discount Rate - Domestic |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
Prepaid Benefits - Domestic |
- |
1,150.8 |
993.9 |
979.4 |
278.8 |
|
Accrued Liabilities - Domestic |
- |
-601.4 |
-519.5 |
-514.1 |
-903.6 |
|
Other Assets, Net - Domestic |
- |
1,777.1 |
1,281.4 |
2,624.2 |
1,198.8 |
|
Net Assets Recognized on Balance Sheet |
- |
2,326.6 |
1,755.8 |
3,089.5 |
574.0 |
|
Total Plan Obligations |
- |
7,597.4 |
7,088.2 |
7,014.4 |
7,154.5 |
|
Total Plan Assets |
- |
6,369.8 |
6,281.3 |
4,855.5 |
5,331.0 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
76.94 |
77.08 |
80.76 |
82.88 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
3,183.7 |
3,023.5 |
2,132.6 |
2,093.6 |
3,632.3 |
|
Short Term Investments |
0.0 |
0.0 |
2,140.5 |
2,476.5 |
0.1 |
|
Cash and Short Term Investments |
3,183.7 |
3,023.5 |
4,273.1 |
4,570.1 |
3,632.4 |
|
Accounts Receivable -
Trade, Gross |
11,750.4 |
11,573.2 |
10,194.3 |
9,149.5 |
10,287.7 |
|
Provision for Doubtful
Accounts |
-77.3 |
-89.3 |
-91.5 |
-99.2 |
-90.5 |
|
Trade Accounts Receivable - Net |
11,673.1 |
11,483.9 |
10,102.7 |
9,050.2 |
10,197.2 |
|
Total Receivables, Net |
11,673.1 |
11,483.9 |
10,102.7 |
9,050.2 |
10,197.2 |
|
Inventories - Finished Goods |
1,893.4 |
2,261.1 |
2,381.6 |
2,299.9 |
2,119.1 |
|
Inventories - Work In Progress |
9,392.2 |
11,223.6 |
10,551.1 |
10,225.3 |
9,699.3 |
|
Inventories - Raw Materials |
1,501.1 |
1,778.0 |
1,804.7 |
1,699.8 |
1,649.4 |
|
Total Inventory |
12,786.8 |
15,262.7 |
14,737.4 |
14,225.0 |
13,467.7 |
|
Deferred Income Tax - Current Asset |
2,193.9 |
2,019.5 |
2,197.3 |
2,084.2 |
1,952.5 |
|
Other Current Assets |
2,194.9 |
2,938.3 |
2,291.3 |
2,329.1 |
1,826.5 |
|
Other Current Assets, Total |
4,388.8 |
4,957.8 |
4,488.6 |
4,413.3 |
3,779.0 |
|
Total Current Assets |
32,032.4 |
34,727.9 |
33,601.8 |
32,258.6 |
31,076.4 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
9,681.1 |
10,376.0 |
10,554.5 |
10,607.1 |
10,394.9 |
|
Intangibles, Net |
307.3 |
325.1 |
349.2 |
304.5 |
303.6 |
|
LT Investments - Other |
3,751.3 |
3,706.8 |
3,866.8 |
3,899.2 |
3,876.5 |
|
Long Term Investments |
3,751.3 |
3,706.8 |
3,866.8 |
3,899.2 |
3,876.5 |
|
Note Receivable - Long Term |
66.5 |
68.4 |
59.2 |
64.9 |
62.5 |
|
Deferred Income Tax - Long Term Asset |
135.7 |
193.8 |
162.7 |
131.6 |
130.6 |
|
Other Long Term Assets |
2,140.8 |
2,109.1 |
2,254.9 |
2,203.6 |
2,285.3 |
|
Other Long Term Assets, Total |
2,276.5 |
2,303.0 |
2,417.6 |
2,335.3 |
2,415.9 |
|
Total Assets |
48,115.1 |
51,507.2 |
50,849.1 |
49,469.7 |
48,129.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
7,903.1 |
7,743.7 |
7,343.6 |
7,319.7 |
7,469.9 |
|
Notes Payable/Short Term Debt |
1,849.2 |
1,791.5 |
770.6 |
905.5 |
1,031.5 |
|
Current Portion - Long Term Debt/Capital Leases |
2,699.8 |
3,400.7 |
4,022.8 |
3,178.1 |
2,996.0 |
|
Customer Advances |
4,846.6 |
4,951.7 |
4,879.9 |
4,624.6 |
3,985.0 |
|
Other Current Liabilities |
3,514.4 |
3,632.1 |
3,267.9 |
3,093.0 |
3,027.1 |
|
Other Current liabilities, Total |
8,361.0 |
8,583.7 |
8,147.9 |
7,717.6 |
7,012.1 |
|
Total Current Liabilities |
20,813.1 |
21,519.7 |
20,284.9 |
19,120.9 |
18,509.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
9,749.2 |
11,498.1 |
11,678.2 |
12,387.3 |
12,246.5 |
|
Total Long Term Debt |
9,749.2 |
11,498.1 |
11,678.2 |
12,387.3 |
12,246.5 |
|
Total Debt |
14,298.1 |
16,690.3 |
16,471.6 |
16,470.9 |
16,274.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
216.4 |
49.6 |
69.0 |
120.0 |
43.5 |
|
Deferred Income Tax |
216.4 |
49.6 |
69.0 |
120.0 |
43.5 |
|
Minority Interest |
599.7 |
634.5 |
622.5 |
597.5 |
592.4 |
|
Reserves |
140.9 |
87.3 |
88.7 |
86.6 |
84.5 |
|
Pension Benefits - Underfunded |
570.5 |
655.9 |
640.5 |
627.6 |
601.4 |
|
Other Long Term Liabilities |
768.3 |
839.6 |
847.1 |
823.0 |
806.0 |
|
Other Liabilities, Total |
1,479.7 |
1,582.8 |
1,576.3 |
1,537.2 |
1,492.0 |
|
Total Liabilities |
32,858.1 |
35,284.8 |
34,230.9 |
33,762.9 |
32,883.9 |
|
|
|
|
|
|
|
|
Common Stock |
3,224.0 |
3,452.1 |
3,445.9 |
3,288.9 |
3,204.7 |
|
Common Stock |
3,224.0 |
3,452.1 |
3,445.9 |
3,288.9 |
3,204.7 |
|
Additional Paid-In Capital |
2,498.1 |
2,674.9 |
2,665.4 |
2,543.9 |
2,478.9 |
|
Retained Earnings (Accumulated Deficit) |
9,983.2 |
10,801.3 |
11,005.2 |
10,129.3 |
9,835.2 |
|
Treasury Stock - Common |
-65.8 |
-70.4 |
-70.2 |
-67.0 |
-65.5 |
|
Unrealized Gain (Loss) |
268.2 |
93.1 |
124.6 |
259.9 |
303.0 |
|
Translation Adjustment |
-650.7 |
-728.7 |
-552.7 |
-448.3 |
-510.5 |
|
Other Equity, Total |
-650.7 |
-728.7 |
-552.7 |
-448.3 |
-510.5 |
|
Total Equity |
15,257.0 |
16,222.4 |
16,618.1 |
15,706.8 |
15,245.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
48,115.1 |
51,507.2 |
50,849.1 |
49,469.7 |
48,129.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
|
Total Common Shares Outstanding |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
|
Treasury Shares - Common Stock Primary Issue |
18.5 |
18.5 |
18.5 |
18.5 |
18.6 |
|
Employees |
- |
- |
- |
- |
68,816 |
|
Deferred Revenue - Current |
4,846.6 |
4,951.7 |
4,879.9 |
4,624.6 |
3,985.0 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Net Income/Starting Line |
884.4 |
460.9 |
302.7 |
646.1 |
886.9 |
|
Depreciation |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Depreciation/Depletion |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Accounting Change |
- |
- |
- |
- |
0.0 |
|
Unusual Items |
278.0 |
402.5 |
76.4 |
914.2 |
135.4 |
|
Equity in Net Earnings (Loss) |
-62.8 |
-79.4 |
22.3 |
89.6 |
-71.9 |
|
Other Non-Cash Items |
122.6 |
183.9 |
161.5 |
-311.4 |
-19.4 |
|
Non-Cash Items |
337.8 |
507.1 |
260.2 |
692.5 |
44.1 |
|
Accounts Receivable |
-1,568.0 |
961.3 |
1,471.2 |
-410.9 |
700.6 |
|
Inventories |
429.9 |
1,949.9 |
440.2 |
-1,492.7 |
-1,231.7 |
|
Other Assets |
-21.9 |
-257.0 |
-27.1 |
-398.2 |
-31.1 |
|
Accounts Payable |
481.3 |
-319.6 |
-600.6 |
3.0 |
-128.5 |
|
Other Liabilities |
1,075.3 |
-538.8 |
-1,512.4 |
1,031.5 |
519.9 |
|
Other Operating Cash Flow |
-651.2 |
-364.0 |
-550.2 |
-787.4 |
-461.1 |
|
Changes in Working Capital |
-254.7 |
1,431.8 |
-778.9 |
-2,054.6 |
-632.0 |
|
Cash from Operating Activities |
2,537.4 |
3,942.1 |
1,269.4 |
806.5 |
1,421.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,487.2 |
-1,611.6 |
-1,972.3 |
-1,813.9 |
-1,703.0 |
|
Capital Expenditures |
-1,487.2 |
-1,611.6 |
-1,972.3 |
-1,813.9 |
-1,703.0 |
|
Sale of Fixed Assets |
848.0 |
150.5 |
329.9 |
63.3 |
132.1 |
|
Sale/Maturity of Investment |
551.6 |
72.9 |
87.0 |
538.4 |
85.6 |
|
Investment, Net |
55.9 |
-1.8 |
-6.5 |
30.1 |
25.4 |
|
Purchase of Investments |
-541.6 |
-196.5 |
-417.9 |
-411.1 |
-248.2 |
|
Other Investing Cash Flow |
-22.7 |
-15.2 |
35.6 |
34.9 |
19.1 |
|
Other Investing Cash Flow Items, Total |
891.4 |
9.9 |
28.0 |
255.5 |
14.0 |
|
Cash from Investing Activities |
-595.8 |
-1,601.6 |
-1,944.3 |
-1,558.4 |
-1,689.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-24.1 |
-14.4 |
109.7 |
226.4 |
-9.1 |
|
Financing Cash Flow Items |
-24.1 |
-14.4 |
109.7 |
226.4 |
-9.1 |
|
Cash Dividends Paid - Common |
-211.9 |
-155.8 |
-179.7 |
-199.9 |
-175.7 |
|
Total Cash Dividends Paid |
-211.9 |
-155.8 |
-179.7 |
-199.9 |
-175.7 |
|
Short Term Debt, Net |
877.4 |
-379.5 |
-2,594.1 |
1,342.9 |
-497.1 |
|
Long Term Debt Issued |
35.9 |
158.0 |
3,041.8 |
2,484.2 |
2,294.1 |
|
Long Term Debt
Reduction |
-3,002.6 |
-1,589.7 |
-1,510.5 |
-1,246.2 |
-989.1 |
|
Long Term Debt, Net |
-2,966.7 |
-1,431.7 |
1,531.3 |
1,238.0 |
1,305.0 |
|
Issuance (Retirement) of Debt, Net |
-2,089.3 |
-1,811.2 |
-1,062.9 |
2,580.8 |
807.9 |
|
Cash from Financing Activities |
-2,325.4 |
-1,981.4 |
-1,132.9 |
2,607.4 |
623.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-51.2 |
-29.3 |
37.4 |
-232.8 |
-46.7 |
|
Net Change in Cash |
-435.0 |
329.7 |
-1,770.4 |
1,622.7 |
308.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,659.4 |
3,041.3 |
4,582.6 |
2,615.9 |
1,991.1 |
|
Net Cash - Ending Balance |
3,224.4 |
3,371.0 |
2,812.2 |
4,238.6 |
2,299.6 |
|
Cash Interest Paid |
265.1 |
266.9 |
237.8 |
197.7 |
175.6 |
|
Cash Taxes Paid |
554.4 |
204.1 |
414.2 |
761.3 |
423.2 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
31-Mar-2012 |
30-Sep-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
|
|
Period Length |
12 Months |
6 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
79.672811 |
85.691434 |
86.812446 |
88.962162 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
884.4 |
896.6 |
460.9 |
550.5 |
449.8 |
|
Depreciation |
1,569.9 |
736.3 |
1,542.3 |
1,115.5 |
703.2 |
|
Depreciation/Depletion |
1,569.9 |
736.3 |
1,542.3 |
1,115.5 |
703.2 |
|
Unusual Items |
278.0 |
-303.2 |
283.1 |
77.8 |
63.4 |
|
Equity in Net Earnings (Loss) |
-62.8 |
-30.0 |
-79.4 |
-42.3 |
-38.1 |
|
Other Non-Cash Items |
122.6 |
80.4 |
303.4 |
140.6 |
84.7 |
|
Non-Cash Items |
337.8 |
-252.8 |
507.1 |
176.1 |
110.0 |
|
Accounts Receivable |
-1,568.0 |
852.0 |
961.3 |
765.9 |
1,110.9 |
|
Inventories |
429.9 |
-431.1 |
1,949.9 |
541.7 |
118.3 |
|
Other Assets |
-21.9 |
86.5 |
-257.0 |
-700.4 |
-503.3 |
|
Accounts Payable |
481.3 |
-703.1 |
-319.6 |
-518.8 |
-749.8 |
|
Other Liabilities |
1,075.3 |
525.0 |
-538.8 |
-70.6 |
1,234.1 |
|
Other Operating Cash Flow |
-651.2 |
-370.9 |
-364.0 |
-256.2 |
-124.3 |
|
Changes in Working Capital |
-254.7 |
-41.7 |
1,431.8 |
-238.5 |
1,085.8 |
|
Cash from Operating Activities |
2,537.4 |
1,338.4 |
3,942.1 |
1,603.6 |
2,348.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,487.2 |
-673.9 |
-1,611.6 |
-1,137.9 |
-787.2 |
|
Capital Expenditures |
-1,487.2 |
-673.9 |
-1,611.6 |
-1,137.9 |
-787.2 |
|
Sale of Fixed Assets |
848.0 |
815.7 |
150.5 |
20.7 |
8.3 |
|
Sale/Maturity of Investment |
551.6 |
21.5 |
72.9 |
49.0 |
47.8 |
|
Investment, Net |
55.9 |
24.0 |
-1.8 |
-6.5 |
-10.4 |
|
Purchase of Investments |
-541.6 |
-517.0 |
-196.5 |
-155.1 |
-140.3 |
|
Other Investing Cash Flow |
-22.7 |
1.2 |
-15.2 |
-39.0 |
2.8 |
|
Other Investing Cash Flow Items, Total |
891.4 |
345.4 |
9.9 |
-131.0 |
-91.9 |
|
Cash from Investing Activities |
-595.8 |
-328.5 |
-1,601.6 |
-1,268.9 |
-879.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-24.1 |
-23.6 |
-14.4 |
-6.8 |
-10.5 |
|
Financing Cash Flow Items |
-24.1 |
-23.6 |
-14.4 |
-6.8 |
-10.5 |
|
Cash Dividends Paid - Common |
-211.9 |
-84.0 |
-155.8 |
-150.8 |
-75.1 |
|
Total Cash Dividends Paid |
-211.9 |
-84.0 |
-155.8 |
-150.8 |
-75.1 |
|
Short Term Debt, Net |
877.4 |
-342.6 |
-379.5 |
549.5 |
-195.8 |
|
Long Term Debt Issued |
35.9 |
88.0 |
158.0 |
135.2 |
64.8 |
|
Long Term Debt
Reduction |
-3,002.6 |
-749.2 |
-1,589.7 |
-1,562.2 |
-800.8 |
|
Long Term Debt, Net |
-2,966.7 |
-661.3 |
-1,431.7 |
-1,427.0 |
-736.0 |
|
Issuance (Retirement) of Debt, Net |
-2,089.3 |
-1,003.9 |
-1,811.2 |
-877.6 |
-931.8 |
|
Cash from Financing Activities |
-2,325.4 |
-1,111.4 |
-1,981.4 |
-1,035.1 |
-1,017.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-51.2 |
-21.6 |
-29.3 |
-77.7 |
-60.5 |
|
Net Change in Cash |
-435.0 |
-123.1 |
329.7 |
-778.0 |
392.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,659.4 |
3,625.7 |
3,041.3 |
3,002.1 |
2,929.5 |
|
Net Cash - Ending Balance |
3,224.4 |
3,502.5 |
3,371.0 |
2,224.0 |
3,321.5 |
|
Cash Interest Paid |
- |
134.1 |
266.9 |
193.8 |
131.9 |
|
Cash Taxes Paid |
- |
361.2 |
204.1 |
169.2 |
59.3 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Net Sales |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
Total Revenue |
35,725.5 |
33,886.4 |
31,642.5 |
33,594.0 |
28,022.9 |
|
|
|
|
|
|
|
|
Cost of sales |
30,080.1 |
28,729.3 |
27,299.6 |
29,311.4 |
24,093.6 |
|
Allowance doubtful account |
4.0 |
32.6 |
77.7 |
22.7 |
38.8 |
|
Director & Employee Salaries |
1,573.0 |
1,411.2 |
1,325.4 |
1,209.1 |
1,014.2 |
|
Research & Development |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Bidding Expenses |
357.5 |
364.4 |
303.0 |
232.9 |
204.6 |
|
Other SGA |
1,673.0 |
1,480.1 |
1,272.5 |
1,218.3 |
1,072.2 |
|
SP Reversal-pension plan |
- |
0.0 |
-53.3 |
0.0 |
- |
|
Accrued Retire Trust Gain |
- |
- |
0.0 |
-359.3 |
0.0 |
|
SP Accounting change on inventory |
- |
- |
0.0 |
332.7 |
0.0 |
|
SP Dispute related expense |
- |
- |
0.0 |
207.3 |
0.0 |
|
SP Preparation Expense for Restruct |
482.7 |
264.7 |
171.9 |
103.8 |
264.7 |
|
SP Disaster Losses |
0.0 |
119.5 |
0.0 |
- |
- |
|
SP Loss on PCP Wast Material |
51.9 |
0.0 |
- |
- |
- |
|
SP Account change in pension |
- |
- |
- |
- |
0.0 |
|
SP L on valuation of investment securiti |
31.4 |
111.1 |
0.0 |
- |
0.0 |
|
SP L on adjustment for changes of accoun |
0.0 |
23.5 |
0.0 |
- |
- |
|
NOP Loss Fixed Assets Retirement |
72.5 |
68.6 |
67.6 |
70.5 |
64.3 |
|
Total Operating Expense |
34,946.1 |
33,292.5 |
31,122.1 |
32,895.6 |
27,161.8 |
|
|
|
|
|
|
|
|
SP Gain-Inv Sec Sold |
0.0 |
58.0 |
54.5 |
142.2 |
0.0 |
|
SP Gain-Fix Asset Sold |
359.0 |
126.9 |
108.5 |
39.1 |
161.6 |
|
SP Gain on transfer of business |
- |
- |
- |
0.0 |
32.1 |
|
NOP Interest Income |
46.1 |
47.0 |
39.3 |
55.5 |
61.9 |
|
NOP Dividend Income |
53.8 |
40.8 |
35.6 |
85.8 |
65.5 |
|
NOP Equity in earnings of affiliates |
62.8 |
79.4 |
0.0 |
0.0 |
71.9 |
|
NOP Exchange Gains |
- |
- |
0.0 |
12.2 |
0.0 |
|
NOP Other Income |
64.7 |
68.5 |
61.1 |
25.7 |
47.5 |
|
NOP Interest Expenses |
-259.9 |
-262.2 |
-243.5 |
-201.3 |
-177.5 |
|
NOP Equity Loss in Affiliate |
- |
0.0 |
-22.3 |
-89.6 |
0.0 |
|
NOP Foreign exchange losses |
-64.5 |
-169.9 |
-4.5 |
0.0 |
-94.3 |
|
NOP Other Expenses |
-156.9 |
-121.3 |
-246.2 |
-121.9 |
-142.8 |
|
Net Income Before Taxes |
884.4 |
461.0 |
302.8 |
646.1 |
886.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
572.1 |
122.3 |
196.1 |
408.6 |
334.9 |
|
Net Income After Taxes |
312.3 |
338.7 |
106.7 |
237.5 |
552.0 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.4 |
12.8 |
45.7 |
3.5 |
-15.4 |
|
Net Income Before Extra. Items |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Net Income |
310.9 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Rounding Adjustment |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
3,355.1 |
3,356.0 |
3,356.2 |
3,356.1 |
3,355.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Basic EPS Including ExtraOrdinary Item |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
310.8 |
351.5 |
152.4 |
241.0 |
536.6 |
|
Diluted Weighted Average Shares |
3,361.6 |
3,359.6 |
3,356.2 |
3,356.7 |
3,357.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
Diluted EPS Including ExtraOrd Items |
0.09 |
0.10 |
0.05 |
0.07 |
0.16 |
|
DPS-Common Stock |
0.08 |
0.05 |
0.04 |
0.06 |
0.05 |
|
Gross Dividends - Common Stock |
254.9 |
156.6 |
144.4 |
200.4 |
176.2 |
|
Normalized Income Before Taxes |
1,164.0 |
921.6 |
380.4 |
962.1 |
1,022.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
670.0 |
244.5 |
223.3 |
519.2 |
386.0 |
|
Normalized Income After Taxes |
494.0 |
677.1 |
157.1 |
442.9 |
636.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
492.5 |
689.8 |
202.8 |
446.4 |
620.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Diluted Normalized EPS |
0.15 |
0.21 |
0.06 |
0.13 |
0.18 |
|
Research & Development Exp |
620.0 |
687.5 |
657.7 |
546.0 |
409.4 |
|
Interest Expense |
259.9 |
262.2 |
243.5 |
201.3 |
177.5 |
|
Depreciation |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Reported operating profit |
1,417.9 |
1,181.2 |
706.5 |
1,053.5 |
1,190.1 |
|
Reported ordinary profit |
1,091.4 |
794.9 |
258.3 |
749.4 |
958.0 |
|
Service cost |
- |
335.9 |
305.0 |
295.5 |
252.8 |
|
Interest cost |
- |
152.0 |
145.7 |
139.5 |
129.8 |
|
Expected return on plan asset |
- |
-162.0 |
-114.5 |
-128.5 |
-131.8 |
|
Actuarial G/L |
- |
221.2 |
281.4 |
164.0 |
86.2 |
|
Prior service cost |
- |
-2.3 |
-54.4 |
-1.0 |
-2.3 |
|
Domestic Pension Plan Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Total Pension Expense |
- |
544.9 |
563.2 |
469.5 |
334.7 |
|
Discount rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Plan asset expected rate of return |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
|
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) |
79.208816 |
77.302742 |
77.752043 |
81.605269 |
82.241044 |
|
|
|
|
|
|
|
|
Net sales |
10,882.0 |
8,607.2 |
8,745.7 |
7,519.5 |
9,922.2 |
|
Total Revenue |
10,882.0 |
8,607.2 |
8,745.7 |
7,519.5 |
9,922.2 |
|
|
|
|
|
|
|
|
Cost of Sales |
9,543.9 |
7,233.7 |
7,247.8 |
6,084.0 |
8,576.2 |
|
Prov. of allow. for doubtful acct. |
4.0 |
0.0 |
0.0 |
0.0 |
16.7 |
|
Director & Employee Salaries |
391.0 |
400.2 |
404.5 |
378.1 |
381.9 |
|
Research & Developm. |
202.2 |
153.7 |
155.1 |
110.2 |
199.2 |
|
Bidding Expenses |
84.9 |
90.2 |
94.4 |
88.1 |
84.9 |
|
Other SGA |
480.5 |
407.6 |
400.5 |
384.8 |
412.8 |
|
SP Other special gains |
-3.5 |
-0.5 |
-360.5 |
- |
-128.6 |
|
SP Business restructuring loss |
- |
- |
- |
- |
275.8 |
|
SP L. Val. of investment sec. |
- |
6.2 |
0.4 |
26.8 |
64.8 |
|
SP L. adj. for changes of acct. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP Other special loss |
414.2 |
118.9 |
- |
- |
124.5 |
|
NOP Fixed Assets Retirement |
31.5 |
18.5 |
14.8 |
8.0 |
26.4 |
|
Total Operating Expense |
11,148.6 |
8,428.4 |
7,957.1 |
7,079.9 |
10,034.5 |
|
|
|
|
|
|
|
|
SP Gain-sale of LT investment sec. |
0.0 |
0.0 |
0.0 |
0.0 |
25.6 |
|
NOP Interest Income |
11.0 |
12.6 |
12.3 |
10.2 |
13.4 |
|
NOP Dividend Income |
10.4 |
18.4 |
4.8 |
20.0 |
6.2 |
|
NOP Equity in earnings of affiliates |
51.6 |
- |
29.0 |
1.6 |
38.1 |
|
NOP Foreign exchange gains |
106.6 |
- |
- |
- |
51.4 |
|
NOP Other non-operating income |
20.6 |
18.1 |
0.2 |
25.4 |
3.9 |
|
NOP Interest Expenses |
-60.0 |
-66.1 |
-68.8 |
-65.1 |
-65.2 |
|
NOP Equity Loss in Affiliate |
- |
-19.6 |
- |
- |
0.0 |
|
NOP Foreign exchange loss |
- |
57.2 |
-172.5 |
-55.7 |
- |
|
NOP Other non-operating expense |
-74.4 |
-14.3 |
-28.5 |
-39.0 |
-62.0 |
|
Net Income Before Taxes |
-200.8 |
185.1 |
565.2 |
336.9 |
-100.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-100.9 |
277.0 |
174.4 |
223.0 |
-255.1 |
|
Net Income After Taxes |
-99.9 |
-92.0 |
390.9 |
113.9 |
154.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.4 |
-0.6 |
-2.0 |
4.4 |
-6.5 |
|
Net Income Before Extra. Items |
-103.3 |
-92.6 |
388.8 |
118.3 |
147.7 |
|
Net Income |
-103.3 |
-92.6 |
388.8 |
118.3 |
147.7 |
|
|
|
|
|
|
|
|
Rounding Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-103.3 |
-92.6 |
388.9 |
118.3 |
147.7 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-103.3 |
-92.6 |
388.9 |
118.3 |
147.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
Basic EPS Including ExtraOrdinary Item |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-103.3 |
-92.6 |
388.9 |
118.3 |
147.7 |
|
Diluted Weighted Average Shares |
3,355.1 |
3,355.1 |
3,362.8 |
3,357.5 |
3,369.8 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
Diluted EPS Including ExtraOrd Items |
-0.03 |
-0.03 |
0.12 |
0.04 |
0.04 |
|
DPS-Common Stock |
0.04 |
0.00 |
0.04 |
0.00 |
0.02 |
|
Gross Dividends - Common Stock |
127.1 |
0.0 |
129.4 |
0.0 |
81.6 |
|
Normalized Income Before Taxes |
241.3 |
328.1 |
220.0 |
371.6 |
262.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
53.8 |
327.1 |
67.9 |
235.1 |
-128.1 |
|
Normalized Income After Taxes |
187.5 |
1.0 |
152.1 |
136.5 |
390.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
184.1 |
0.4 |
150.1 |
140.8 |
383.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.05 |
0.00 |
0.04 |
0.04 |
0.11 |
|
Diluted Normalized EPS |
0.05 |
0.00 |
0.04 |
0.04 |
0.11 |
|
Research & Development Exp |
202.2 |
153.7 |
155.1 |
110.2 |
199.2 |
|
Interest Expense |
60.0 |
66.1 |
68.8 |
65.1 |
65.2 |
|
Depreciation |
424.4 |
409.8 |
379.9 |
356.9 |
429.4 |
|
Reported Operating profit |
175.5 |
321.8 |
443.4 |
474.2 |
250.6 |
|
Reported Ordinary profit |
209.8 |
309.6 |
205.2 |
363.6 |
210.1 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Cash & Deposit |
3,183.7 |
3,632.3 |
2,933.0 |
4,404.6 |
2,761.7 |
|
Note & Account Rcvbl |
11,750.4 |
10,287.7 |
10,147.7 |
10,960.5 |
10,916.6 |
|
Securities |
0.0 |
0.1 |
0.1 |
30.5 |
35.9 |
|
Finished goods & merchandise |
1,893.4 |
2,119.1 |
1,837.5 |
1,728.8 |
1,477.6 |
|
inventories-work-in-process |
9,392.2 |
9,699.3 |
10,035.7 |
9,710.8 |
8,936.3 |
|
Inventories - raw materials&supplies |
1,501.1 |
1,649.4 |
1,397.9 |
1,404.5 |
1,289.1 |
|
Deferred Tax Asset |
2,193.9 |
1,952.5 |
1,527.4 |
1,380.4 |
1,150.8 |
|
Other Current |
2,194.9 |
1,826.5 |
2,466.7 |
2,481.5 |
2,995.2 |
|
Allowance doubtful account |
-77.3 |
-90.5 |
-95.0 |
-56.9 |
-57.0 |
|
Total Current Assets |
32,032.4 |
31,076.4 |
30,251.1 |
32,044.7 |
29,506.0 |
|
|
|
|
|
|
|
|
Bldg & Structure,net |
4,154.2 |
4,288.7 |
3,687.9 |
3,351.9 |
3,180.4 |
|
Machineries & Vehicle,net |
2,840.8 |
3,034.6 |
2,968.6 |
2,858.9 |
2,737.1 |
|
Tool & Supplies,net |
461.9 |
479.2 |
530.0 |
667.4 |
831.7 |
|
Land |
1,667.0 |
2,008.9 |
1,752.8 |
1,599.5 |
1,543.3 |
|
Lease assets |
65.0 |
72.4 |
62.8 |
30.8 |
0.0 |
|
Construction in Progress |
492.3 |
511.1 |
590.5 |
526.1 |
504.9 |
|
Total intangible assets |
307.3 |
303.6 |
312.0 |
313.8 |
- |
|
Software |
- |
- |
- |
- |
291.7 |
|
Investment Securities |
3,751.3 |
2,185.6 |
2,223.7 |
2,776.1 |
6,120.9 |
|
Equity secs.-nonconsol affil.&sub. |
- |
1,690.9 |
1,441.5 |
- |
- |
|
Long Term Loans |
66.5 |
62.5 |
38.5 |
25.4 |
31.3 |
|
Deferred tax |
135.7 |
130.6 |
100.2 |
94.9 |
74.5 |
|
Other Assets |
2,254.1 |
2,399.1 |
1,763.9 |
1,642.9 |
746.3 |
|
Inv't partnership-nonconsol.affil.&subs |
- |
1.2 |
1.1 |
- |
- |
|
Allowance doubtful account |
-113.3 |
-115.0 |
-103.4 |
-106.6 |
-185.8 |
|
Total Assets |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
Note & Account payable |
7,903.1 |
7,469.9 |
6,919.3 |
7,083.6 |
7,369.3 |
|
ST Debt |
1,849.2 |
1,031.5 |
1,259.4 |
2,518.3 |
2,348.9 |
|
Current LT Debt |
1,598.7 |
2,547.2 |
1,172.3 |
1,096.2 |
858.2 |
|
Commercial Paper |
- |
0.0 |
64.2 |
1,164.3 |
0.0 |
|
Current portion of debt |
- |
- |
- |
- |
0.0 |
|
Current portion Corp Debt |
848.5 |
169.8 |
214.0 |
205.5 |
404.9 |
|
Product Warranty |
252.6 |
279.0 |
306.5 |
241.7 |
237.7 |
|
Construction Loss Reserve |
941.5 |
612.4 |
262.1 |
383.8 |
69.3 |
|
Dispute related reserve |
47.8 |
26.1 |
149.2 |
235.9 |
0.0 |
|
Customer Advance |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Other Current |
2,525.1 |
2,388.6 |
2,139.6 |
2,418.3 |
2,341.3 |
|
Total Current Liabilities |
20,813.1 |
18,509.5 |
16,650.2 |
20,197.3 |
18,344.2 |
|
|
|
|
|
|
|
|
Corporate Bond |
3,034.5 |
3,981.7 |
3,688.0 |
2,679.0 |
2,873.9 |
|
Long Term Debt |
6,714.7 |
8,264.8 |
9,605.1 |
8,666.2 |
7,231.8 |
|
Total Long Term Debt |
9,749.2 |
12,246.5 |
13,293.1 |
11,345.1 |
10,105.7 |
|
|
|
|
|
|
|
|
Deferred Tax Liability |
216.4 |
43.5 |
191.4 |
76.1 |
945.7 |
|
Accrued Retirement |
570.5 |
601.4 |
519.5 |
514.1 |
903.6 |
|
Reserve for PCB Waste Material |
140.9 |
84.5 |
78.7 |
43.5 |
43.2 |
|
Other LT Debt |
768.3 |
806.0 |
667.8 |
657.3 |
568.4 |
|
Minority Interest |
599.7 |
592.4 |
530.2 |
412.8 |
197.7 |
|
Total Liabilities |
32,858.1 |
32,883.9 |
31,930.9 |
33,246.2 |
31,108.6 |
|
|
|
|
|
|
|
|
Common Stock |
3,224.0 |
3,204.7 |
2,842.6 |
2,689.2 |
2,668.5 |
|
Paid in Capital |
2,475.5 |
2,460.7 |
2,182.6 |
2,064.7 |
2,048.5 |
|
Retained Earning |
9,983.2 |
9,835.2 |
8,563.8 |
7,987.7 |
7,906.8 |
|
Treasury Stock |
-65.8 |
-65.5 |
-53.8 |
-51.0 |
-50.7 |
|
Unreal Gain-Sec |
268.0 |
308.6 |
384.7 |
175.3 |
1,582.8 |
|
Deferred hedge |
0.1 |
-5.6 |
-7.7 |
3.3 |
73.8 |
|
Currency Adjustm |
-650.7 |
-510.5 |
-234.3 |
-298.5 |
38.6 |
|
Stock subscription right |
22.7 |
18.2 |
12.7 |
8.9 |
5.5 |
|
Total Equity |
15,257.0 |
15,245.9 |
13,690.4 |
12,579.5 |
14,273.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
48,115.1 |
48,129.8 |
45,621.3 |
45,825.7 |
45,382.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
Total Common Shares Outstanding |
3,355.1 |
3,355.1 |
3,356.2 |
3,356.2 |
3,356.1 |
|
T/S-Common Stock |
18.5 |
18.6 |
17.4 |
17.5 |
17.6 |
|
Deferred Revenue - Current |
4,846.6 |
3,985.0 |
4,163.5 |
4,849.7 |
4,714.8 |
|
Full-Time Employees |
- |
68,816 |
67,669 |
67,416 |
64,103 |
|
Number of Common Shareholders |
- |
349,540 |
368,762 |
375,538 |
360,820 |
|
Long Term Debt Maturing within 1 Yr. |
- |
2,717.0 |
1,386.3 |
1,301.7 |
1,263.0 |
|
Long Term Debt Maturing within 2 Yr. |
- |
2,528.8 |
2,429.1 |
1,212.0 |
1,239.3 |
|
Long Term Debt Maturing within 3 Yr. |
- |
2,413.7 |
2,238.3 |
2,267.3 |
1,097.3 |
|
Long Term Debt Maturing within 4 Yr. |
- |
3,029.5 |
2,132.3 |
1,966.2 |
1,261.2 |
|
Long Term Debt Maturing within 5 Yr. |
- |
599.7 |
2,696.3 |
1,811.0 |
1,548.9 |
|
Long Term Debt Remaining Maturities |
- |
3,674.9 |
3,797.1 |
4,088.7 |
4,959.0 |
|
Total Long Term Debt, Supplemental |
- |
14,963.5 |
14,679.4 |
12,646.8 |
11,368.8 |
|
Capital lease due within 1 yr |
- |
26.9 |
24.5 |
14.1 |
- |
|
Capital lease due within 2 yr |
- |
25.6 |
21.5 |
13.3 |
- |
|
Capital lease due within 3 yr |
- |
20.5 |
20.1 |
9.9 |
- |
|
Capital lease due within 4 yr |
- |
11.1 |
15.2 |
8.5 |
- |
|
Capital lease due within 5 yr |
- |
6.9 |
7.0 |
6.4 |
- |
|
Remaining |
- |
55.7 |
18.6 |
16.1 |
- |
|
Total Capital Leases |
- |
146.8 |
106.8 |
68.3 |
- |
|
Pension obligation |
- |
7,597.4 |
7,088.2 |
7,014.4 |
7,154.5 |
|
Fair value of plan asset |
- |
6,369.8 |
6,281.3 |
4,855.5 |
5,331.0 |
|
Funded status |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Total Funded Status |
- |
-1,227.7 |
-807.0 |
-2,158.9 |
-1,823.5 |
|
Discount rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
- |
3.50% |
3.50% |
3.50% |
3.50% |
|
Unrecog. actuarial G/L |
- |
1,778.8 |
1,285.3 |
2,628.7 |
1,204.1 |
|
Unrecog. prior service cost |
- |
-1.6 |
-3.9 |
-4.5 |
-5.3 |
|
Prepaid pension |
- |
1,150.8 |
993.9 |
979.4 |
278.8 |
|
Accrued pension |
- |
-601.4 |
-519.5 |
-514.1 |
-903.6 |
|
Net Assets Recognized on Balance Sheet |
- |
2,326.6 |
1,755.8 |
3,089.5 |
574.0 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
76.94 |
77.08 |
80.76 |
82.88 |
|
|
|
|
|
|
|
|
Cash & Deposit |
3,183.7 |
3,023.5 |
2,132.6 |
2,093.6 |
3,632.3 |
|
Note & Account Rcvbl |
11,750.4 |
11,573.2 |
10,194.3 |
9,149.5 |
10,287.7 |
|
Securities |
0.0 |
0.0 |
2,140.5 |
2,476.5 |
0.1 |
|
Finished goods & merchandise |
1,893.4 |
2,261.1 |
2,381.6 |
2,299.9 |
2,119.1 |
|
inventories-work-in-process |
9,392.2 |
11,223.6 |
10,551.1 |
10,225.3 |
9,699.3 |
|
Inventories - raw materials&supplies |
1,501.1 |
1,778.0 |
1,804.7 |
1,699.8 |
1,649.4 |
|
Deferred tax assets |
2,193.9 |
2,019.5 |
2,197.3 |
2,084.2 |
1,952.5 |
|
Other |
2,194.9 |
2,938.3 |
2,291.3 |
2,329.1 |
1,826.5 |
|
Allowance for doubtful accounts |
-77.3 |
-89.3 |
-91.5 |
-99.2 |
-90.5 |
|
Total Current Assets |
32,032.4 |
34,727.9 |
33,601.8 |
32,258.6 |
31,076.4 |
|
|
|
|
|
|
|
|
Bldg & Structure,net |
4,154.2 |
4,472.2 |
4,475.8 |
4,396.2 |
4,288.7 |
|
Machineries,net |
2,840.8 |
3,100.4 |
3,190.3 |
3,114.9 |
3,034.6 |
|
Tool & Supplies,net |
461.9 |
484.7 |
506.3 |
491.8 |
479.2 |
|
Land |
1,667.0 |
1,789.6 |
1,815.3 |
2,063.8 |
2,008.9 |
|
Lease assets, net |
65.0 |
69.9 |
73.1 |
72.2 |
72.4 |
|
Construction in Progress |
492.3 |
459.2 |
493.7 |
468.2 |
511.1 |
|
Intangible assets |
307.3 |
325.1 |
349.2 |
304.5 |
303.6 |
|
Investment Securities |
3,751.3 |
3,706.8 |
3,866.8 |
3,899.2 |
3,876.5 |
|
LT Loans |
66.5 |
68.4 |
59.2 |
64.9 |
62.5 |
|
Deferred tax assets |
135.7 |
193.8 |
162.7 |
131.6 |
130.6 |
|
Other |
2,254.1 |
2,226.3 |
2,377.4 |
2,321.4 |
2,400.3 |
|
Allowance for doubtful accounts |
-113.3 |
-117.2 |
-122.5 |
-117.8 |
-115.0 |
|
Total Assets |
48,115.1 |
51,507.2 |
50,849.1 |
49,469.7 |
48,129.8 |
|
|
|
|
|
|
|
|
Note & Account Pybl. |
7,903.1 |
7,743.7 |
7,343.6 |
7,319.7 |
7,469.9 |
|
Short Term Debt |
1,849.2 |
751.7 |
770.6 |
905.5 |
1,031.5 |
|
Current LT Debt |
1,598.7 |
2,604.0 |
3,221.3 |
2,728.6 |
2,547.2 |
|
Commercial Paper |
- |
1,039.8 |
- |
- |
0.0 |
|
Current Corp Bond |
848.5 |
518.6 |
517.6 |
175.3 |
169.8 |
|
Res. Guarantee Product |
252.6 |
278.1 |
283.9 |
274.2 |
279.0 |
|
Provision for loss on construction contr |
941.5 |
924.8 |
750.4 |
605.0 |
612.4 |
|
Dispute related loss reserve |
47.8 |
28.3 |
27.4 |
29.1 |
26.1 |
|
Customer Advance |
4,846.6 |
4,951.7 |
4,879.9 |
4,624.6 |
3,985.0 |
|
Other |
2,525.1 |
2,679.0 |
2,490.1 |
2,459.0 |
2,388.6 |
|
Total Current Liabilities |
20,813.1 |
21,519.7 |
20,284.9 |
19,120.9 |
18,509.5 |
|
|
|
|
|
|
|
|
Corporate Bond |
3,034.5 |
3,639.2 |
3,632.6 |
4,086.2 |
3,981.7 |
|
Long Term Debt |
6,714.7 |
7,858.9 |
8,045.6 |
8,301.1 |
8,264.8 |
|
Total Long Term Debt |
9,749.2 |
11,498.1 |
11,678.2 |
12,387.3 |
12,246.5 |
|
|
|
|
|
|
|
|
Deferred Tax Liability |
216.4 |
49.6 |
69.0 |
120.0 |
43.5 |
|
Accrued Retirem. |
570.5 |
655.9 |
640.5 |
627.6 |
601.4 |
|
Reserve for PCB Waste Material |
140.9 |
87.3 |
88.7 |
86.6 |
84.5 |
|
Other |
768.3 |
839.6 |
847.1 |
823.0 |
806.0 |
|
Minority Interest |
599.7 |
634.5 |
622.5 |
597.5 |
592.4 |
|
Total Liabilities |
32,858.1 |
35,284.8 |
34,230.9 |
33,762.9 |
32,883.9 |
|
|
|
|
|
|
|
|
Common Stock |
3,224.0 |
3,452.1 |
3,445.9 |
3,288.9 |
3,204.7 |
|
Paid in Capital |
2,475.5 |
2,650.7 |
2,645.8 |
2,525.2 |
2,460.7 |
|
Retained earnings |
9,983.2 |
10,801.3 |
11,005.2 |
10,129.3 |
9,835.2 |
|
Treasury Stock |
-65.8 |
-70.4 |
-70.2 |
-67.0 |
-65.5 |
|
Unrealized Gain-Sec |
268.0 |
118.1 |
163.3 |
270.4 |
308.6 |
|
Deferred Hedge |
0.1 |
-25.0 |
-38.7 |
-10.5 |
-5.6 |
|
Currency Adjustm |
-650.7 |
-728.7 |
-552.7 |
-448.3 |
-510.5 |
|
Stock subscription right |
22.7 |
24.3 |
19.5 |
18.7 |
18.2 |
|
Total Equity |
15,257.0 |
16,222.4 |
16,618.1 |
15,706.8 |
15,245.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
48,115.1 |
51,507.2 |
50,849.1 |
49,469.7 |
48,129.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
|
Total Common Shares Outstanding |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
3,355.1 |
|
T/S-Common Stock |
18.5 |
18.5 |
18.5 |
18.5 |
18.6 |
|
Customer advance |
4,846.6 |
4,951.7 |
4,879.9 |
4,624.6 |
3,985.0 |
|
Full-Time Employees |
- |
- |
- |
- |
68,816 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
|
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) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
|
Income Before Tax |
884.4 |
460.9 |
302.7 |
646.1 |
886.9 |
|
Depreciation |
1,569.9 |
1,542.3 |
1,485.3 |
1,522.5 |
1,122.1 |
|
Accrued Retirement |
-37.4 |
9.6 |
-7.2 |
-386.4 |
-74.8 |
|
Interest & Dividend |
-99.9 |
-87.9 |
-74.9 |
-141.2 |
-127.4 |
|
Interest Expenses |
259.9 |
262.2 |
243.5 |
201.3 |
177.5 |
|
Equity in Affiliate |
-62.8 |
-79.4 |
22.3 |
89.6 |
-71.9 |
|
Gain Sale Investment Secs |
-1.6 |
-58.0 |
-54.5 |
-142.2 |
0.0 |
|
Loss (gain) on valuation of investment s |
31.4 |
111.1 |
0.0 |
- |
0.0 |
|
Gain Sale Fixed Asset |
-359.0 |
-126.9 |
-108.5 |
-39.1 |
-161.6 |
|
Loss on adjustment for changes of accoun |
0.0 |
23.5 |
0.0 |
- |
- |
|
Loss retire fixed asset |
72.5 |
68.6 |
67.6 |
70.5 |
64.3 |
|
Dispute related loss |
- |
- |
0.0 |
207.3 |
0.0 |
|
Loss on disaster |
0.0 |
119.5 |
0.0 |
- |
- |
|
Special Preparation Expense for Restruct |
482.7 |
264.7 |
171.9 |
103.8 |
264.7 |
|
Gains on transfer of business |
- |
- |
- |
0.0 |
-32.1 |
|
Decrease in inv't secs. |
- |
- |
0.0 |
713.9 |
0.0 |
|
Change in account for pension |
- |
- |
- |
- |
0.0 |
|
Expense for treatment of PCB waste |
51.9 |
0.0 |
- |
- |
- |
|
Accounts Receivable |
-1,568.0 |
961.3 |
1,471.2 |
-410.9 |
700.6 |
|
Inventories |
429.9 |
1,949.9 |
440.2 |
-1,492.7 |
-1,231.7 |
|
Other Assets |
-21.9 |
-257.0 |
-27.1 |
-398.2 |
-31.1 |
|
Accounts Payable |
481.3 |
-319.6 |
-600.6 |
3.0 |
-128.5 |
|
Customer Advance |
890.1 |
-635.6 |
-983.3 |
263.6 |
673.4 |
|
Other Liabilities |
185.2 |
96.8 |
-529.1 |
767.9 |
-153.5 |
|
Other Operating CF |
61.3 |
-3.5 |
12.3 |
-13.9 |
-4.4 |
|
Interest & Dividend |
107.0 |
110.5 |
89.6 |
185.5 |
142.1 |
|
Interest Paid |
-265.1 |
-266.9 |
-237.8 |
-197.7 |
-175.6 |
|
Taxes Paid |
-554.4 |
-204.1 |
-414.2 |
-761.3 |
-423.2 |
|
Newly Consolidated |
- |
- |
- |
15.0 |
5.3 |
|
Adjustment |
- |
- |
- |
0.0 |
0.0 |
|
Cash from Operating Activities |
2,537.4 |
3,942.1 |
1,269.4 |
806.5 |
1,421.1 |
|
|
|
|
|
|
|
|
Time Deposit,net |
55.9 |
-1.8 |
-6.5 |
30.1 |
25.4 |
|
Securities Bought |
-506.6 |
0.0 |
0.0 |
-2.4 |
0.0 |
|
Securities Sold |
506.6 |
0.0 |
0.0 |
5.5 |
6.9 |
|
Capital Expenditure |
-1,487.2 |
-1,611.6 |
-1,972.3 |
-1,813.9 |
-1,703.0 |
|
Fixed Asset Sold |
848.0 |
150.5 |
329.9 |
63.3 |
132.1 |
|
Investment Security Bought |
-35.0 |
-196.5 |
-417.9 |
-408.7 |
-248.2 |
|
Sale/Maturity Securities |
45.0 |
72.9 |
87.0 |
532.8 |
78.6 |
|
Loans Made |
-24.4 |
-31.8 |
-170.2 |
-16.1 |
-17.1 |
|
Loans Returned |
23.9 |
36.5 |
208.1 |
50.1 |
10.0 |
|
Other Investing CF |
-22.1 |
-19.8 |
-2.2 |
0.8 |
26.2 |
|
Cash from Investing Activities |
-595.8 |
-1,601.6 |
-1,944.3 |
-1,558.4 |
-1,689.0 |
|
|
|
|
|
|
|
|
ST Debt &Commercial Paper,net |
877.4 |
-379.5 |
-2,594.1 |
1,342.9 |
-497.1 |
|
LT Debt Proceed |
35.9 |
158.0 |
1,965.8 |
2,484.2 |
1,156.7 |
|
LT Debt Repaid |
-2,695.7 |
-1,356.3 |
-1,291.5 |
-845.2 |
-528.4 |
|
Proceeds from issuance of bonds |
- |
0.0 |
1,076.0 |
0.0 |
1,137.3 |
|
Corp Debt Repaid |
-306.8 |
-233.4 |
-219.0 |
-401.1 |
-460.7 |
|
Proceeds from minority shareholders |
22.5 |
22.2 |
149.3 |
234.2 |
0.0 |
|
Dividend Paid |
-211.9 |
-155.8 |
-179.7 |
-199.9 |
-175.7 |
|
Minority Dividend |
-17.4 |
-7.0 |
-8.8 |
-5.0 |
-6.2 |
|
Other Operating CF |
-29.2 |
-29.6 |
-30.8 |
-2.8 |
-2.8 |
|
Cash from Financing Activities |
-2,325.4 |
-1,981.4 |
-1,132.9 |
2,607.4 |
623.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-51.2 |
-29.3 |
37.4 |
-232.8 |
-46.7 |
|
Net Change in Cash |
-435.0 |
329.7 |
-1,770.4 |
1,622.7 |
308.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,659.4 |
3,041.3 |
4,582.6 |
2,615.9 |
1,991.1 |
|
Net Cash - Ending Balance |
3,224.4 |
3,371.0 |
2,812.2 |
4,238.6 |
2,299.6 |
|
Cash Interest Paid |
265.1 |
266.9 |
237.8 |
197.7 |
175.6 |
|
Cash Taxes Paid |
554.4 |
204.1 |
414.2 |
761.3 |
423.2 |
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
|
|
31-Mar-2012 |
30-Sep-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
|
|
Period Length |
12 Months |
6 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
79.672811 |
85.691434 |
86.812446 |
88.962162 |
|
|
|
|
|
|
|
|
Income Before Tax |
884.4 |
896.6 |
460.9 |
550.5 |
449.8 |
|
Depreciation |
1,569.9 |
736.3 |
1,542.3 |
1,115.5 |
703.2 |
|
Accrued Retirement |
-37.4 |
-5.7 |
9.6 |
11.6 |
-0.2 |
|
Interest & Dividend |
-99.9 |
-47.7 |
-87.9 |
-68.1 |
-45.4 |
|
Interest Expenses |
259.9 |
133.8 |
262.2 |
197.1 |
130.2 |
|
Equity in Affiliate |
-62.8 |
-30.0 |
-79.4 |
-42.3 |
-38.1 |
|
Loss/Gain Sale Investment Secs |
-1.6 |
-1.9 |
-58.0 |
-33.1 |
-31.6 |
|
Loss (gain) on valuation of investment s |
31.4 |
27.8 |
111.1 |
44.9 |
47.1 |
|
Gain Sale Fixed Asset |
-359.0 |
-351.8 |
-126.9 |
- |
0.0 |
|
Loss on disaster |
0.0 |
- |
119.5 |
- |
- |
|
Retire fixed asset |
72.5 |
22.6 |
68.6 |
42.7 |
25.2 |
|
L. adjustment for changes of acct. |
0.0 |
0.0 |
23.5 |
23.2 |
22.6 |
|
Business structure improvement exp. |
482.7 |
- |
264.7 |
0.0 |
0.0 |
|
Expense for treatment of PCB waste |
51.9 |
- |
- |
- |
- |
|
Accounts Receivable |
-1,568.0 |
852.0 |
961.3 |
765.9 |
1,110.9 |
|
Inventories & advance payments |
429.9 |
-431.1 |
1,949.9 |
541.7 |
118.3 |
|
Other Assets |
-21.9 |
86.5 |
-257.0 |
-700.4 |
-503.3 |
|
Accounts Payable |
481.3 |
-703.1 |
-319.6 |
-518.8 |
-749.8 |
|
Customer Advance |
890.1 |
576.1 |
-635.6 |
-225.1 |
819.9 |
|
Other Liabilities |
185.2 |
-51.1 |
96.8 |
154.4 |
414.2 |
|
Other Operating CF |
61.3 |
77.6 |
-3.5 |
20.3 |
10.4 |
|
Interest & Dividend |
107.0 |
46.8 |
110.5 |
86.4 |
56.5 |
|
Interest Paid |
-265.1 |
-134.1 |
-266.9 |
-193.8 |
-131.9 |
|
Income taxes paid, cash basis |
-554.4 |
-361.2 |
-204.1 |
-169.2 |
-59.3 |
|
Adjustment |
- |
-0.1 |
- |
- |
- |
|
Cash from Operating Activities |
2,537.4 |
1,338.4 |
3,942.1 |
1,603.6 |
2,348.9 |
|
|
|
|
|
|
|
|
Time Deposit,net |
55.9 |
24.0 |
-1.8 |
-6.5 |
-10.4 |
|
Purchase of marketable sec. |
-506.6 |
-502.1 |
- |
- |
0.0 |
|
Sale/Redemption of marketable sec. |
506.6 |
- |
- |
- |
- |
|
Capital Expenditure |
-1,487.2 |
-673.9 |
-1,611.6 |
-1,137.9 |
-787.2 |
|
Fixed Asset Sold |
848.0 |
815.7 |
150.5 |
20.7 |
8.3 |
|
Invest Sec Bought/purch. |
-35.0 |
-15.0 |
-196.5 |
-155.1 |
-140.3 |
|
Invest Security Sold |
45.0 |
21.5 |
72.9 |
49.0 |
47.8 |
|
Loans Made |
-24.4 |
-7.2 |
-31.8 |
-29.9 |
-8.4 |
|
Loans Returned |
23.9 |
17.1 |
36.5 |
27.0 |
21.4 |
|
Other Investing CF |
-22.1 |
-8.7 |
-19.8 |
-36.1 |
-10.3 |
|
Cash from Investing Activities |
-595.8 |
-328.5 |
-1,601.6 |
-1,268.9 |
-879.1 |
|
|
|
|
|
|
|
|
ST Debt &C Paper,net |
877.4 |
-342.6 |
-379.5 |
549.5 |
-195.8 |
|
LT Debt Proceed |
35.9 |
88.0 |
158.0 |
135.2 |
64.8 |
|
LT Debt Repaid |
-2,695.7 |
-444.6 |
-1,356.3 |
-1,331.8 |
-576.0 |
|
Proceeds from issuance of bonds |
- |
- |
0.0 |
0.0 |
- |
|
Corporate Bond Repaid |
-306.8 |
-304.6 |
-233.4 |
-230.4 |
-224.8 |
|
Proceeds from minority shareholders |
22.5 |
0.1 |
22.2 |
18.9 |
5.0 |
|
Dividend Paid |
-211.9 |
-84.0 |
-155.8 |
-150.8 |
-75.1 |
|
Minority Dividend |
-17.4 |
-9.5 |
-7.0 |
-6.9 |
-6.7 |
|
Other Operating CF |
-29.2 |
-14.1 |
-29.6 |
-18.8 |
-8.7 |
|
Cash from Financing Activities |
-2,325.4 |
-1,111.4 |
-1,981.4 |
-1,035.1 |
-1,017.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-51.2 |
-21.6 |
-29.3 |
-77.7 |
-60.5 |
|
Net Change in Cash |
-435.0 |
-123.1 |
329.7 |
-778.0 |
392.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,659.4 |
3,625.7 |
3,041.3 |
3,002.1 |
2,929.5 |
|
Net Cash - Ending Balance |
3,224.4 |
3,502.5 |
3,371.0 |
2,224.0 |
3,321.5 |
|
Cash Interest Paid |
- |
134.1 |
266.9 |
193.8 |
131.9 |
|
Cash Taxes Paid |
- |
361.2 |
204.1 |
169.2 |
59.3 |
Geographic
Segments
Financials in: As Reported (mil)
|
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Financials in: As Reported (mil)
|
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Financials in: As Reported (mil)
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.23 |
|
UK Pound |
1 |
Rs.87.53 |
|
Euro |
1 |
Rs.70.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.