MIRA
INFORM REPORT
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Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
SHOEI FOODS CORPORATION |
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Registered Office : |
Shoei Bldg., 5-7, Akihabara, Taito-ku, |
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Country : |
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Financials (as on) : |
31.01.2012 |
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Date of Incorporation : |
04.11.1947 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
manufacturer
of food products |
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No. of Employees : |
1,045 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
SHOEI FOODS
CORPORATION
Shoei Bldg., 5-7, Akihabara, Taito-ku
Tel: 81-3-32531211
Fax: 81-3-32530063
Web: www.shoeifoods.co.jp
synthesis
Employees: 1,045
Company Type: Public Parent
Corporate Family: 3
Companies
Traded:
Incorporation Date:
04-Nov-1947
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Oct-2011
Reporting Currency: Japanese
Yen
Annual Sales: 932.7
1
Net Income: 13.9
Total Assets:
565.7 2
Market Value: 151.2 (01-Jun-2012)
Business Description
SHOEI FOODS CORPORATION is a Japan-based company mainly engaged in the manufacture of food products. The Company is engaged in the purchase, manufacture and sale of food products, including dairy products, materials for confectionery, dried fruits, nuts, canned products and confectionery, among others. In addition, the Company is involved in the operation of agricultural farms. Through its subsidiaries and associated companies, the Company is also involved in the import and export of agricultural products and dairy products, as well as the nonlife insurance agency business. As of October 31, 2011, the Company had 15 subsidiaries and two associated companies. For the nine months ended 31 July 2011, SHOEI FOODS CORPORATION's revenues increased 6% to Y56.98B. The Company's net income decreased 24% to Y1.07B. Revenues reflect higher sales due to the favorable business environment. Lower net income was offset by higher percentage of cost of sales, the absence of subsidy income, as well as the presence of losses on disaster of earthquake.
Industry
Industry Food Processing
ANZSIC 2006: 1133 - Cheese and
Other Dairy Product Manufacturing
NACE 2002: 1551 - Operation
of dairies and cheese making
NAICS 2002: 311512 - Creamery
Butter Manufacturing
UK SIC 2003: 15512 - Butter and
cheese production
US SIC 1987: 2021 - Creamery
Butter
Key Executives
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Name |
Title |
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Ichiro Honda |
President, Representative Director |
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Toyomi Nakajima |
Managing Director, Chief Director of Sales, President of Subsidiary |
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Masami Takei |
Executive Officer, Director of Quality Assurance |
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Honda Itirou |
Chief Executive Officer |
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Teiji Fujii |
Co-Auditor |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Dividends |
1 |
Shoei Foods Corporation Raises Year-end Dividend Forecast for FY 2011 |
8-Aug-2011 |
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* number of significant developments within the last 12 months
News
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Title |
Date |
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Shoei Foods Expects This FY Group Net
Profit Y1.40B |
11-Jun-2012 |
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Shoei Foods 1H Grp Net Pft Y1.22B Vs
Y1.02B Pft Yr Earlier |
11-Jun-2012 |
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Japan News Schedule (Monday, June 11) |
10-Jun-2012 |
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Weekly News Schedule (Monday, June 11) |
8-Jun-2012 |
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Shoei Foods Expects This FY Group Net
Profit Y1.20B |
12-Sep-2011 |
Financial Summary
As of 31-Jan-2012
Key Ratios Company Industry
Current Ratio (MRQ) 1.44 1.53
Quick Ratio (MRQ) 0.94 0.78
Debt to Equity (MRQ) 0.53 1.14
Sales 5 Year Growth 1.06 6.97
Net Profit Margin (TTM) % 1.48 7.06
Return on Assets (TTM) % 2.38 7.05
Return on Equity (TTM) % 5.27 21.45
Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 80.58505
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 77.975
Corporate Overview
Location
Shoei Bldg., 5-7, Akihabara, Taito-ku
Tokyo, 110-8723
Japan
Tel: 81-3-32531211
Fax: 81-3-32530063
Web: www.shoeifoods.co.jp
Quote Symbol - Exchange
8079 - Tokyo Stock
Exchange
Sales JPY(mil): 75,161.9
Assets JPY(mil): 44,114.2
Employees: 1,045
Fiscal Year End: 31-Oct-2011
Industry: Food
Processing
Incorporation Date: 04-Nov-1947
Company Type: Public
Parent
Quoted Status: Quoted
President, Representative
Director: Ichiro
Honda
Contents
Industry Codes
Business Description
Financial Data
Market Data
Shareholders
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3609 - Other Grocery Wholesaling
1133 - Cheese and Other Dairy Product Manufacturing
1112 - Poultry Processing
6420 - Auxiliary Insurance Services
1140 - Fruit and Vegetable Processing
NACE 2002 Codes:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
6720 - Activities auxiliary to insurance and pension funding
5136 - Wholesale of sugar and chocolate and sugar confectionery
1551 - Operation of dairies and cheese making
1512 - Production and preserving of poultry meat
5138 - Wholesale of other food including fish, crustaceans and
molluscs
NAICS 2002 Codes:
424450 - Confectionery Merchant Wholesalers
524210 - Insurance Agencies and Brokerages
424490 - Other Grocery and Related Products Merchant Wholesalers
311615 - Poultry Processing
311512 - Creamery Butter Manufacturing
311423 - Dried and Dehydrated Food Manufacturing
US SIC 1987:
5145 - Confectionery
2021 - Creamery Butter
2015 - Poultry Slaughtering and Processing
6411 - Insurance Agents, Brokers, and Service
2034 - Dried and Dehydrated Fruits, Vegetables, and Soup Mixes
5149 - Groceries and Related Products, Not Elsewhere Classified
UK SIC 2003:
6720 - Activities auxiliary to insurance and pension funding
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
5138 - Wholesale of other food including fish, crustaceans and
molluscs
5136 - Wholesale of sugar and chocolate and sugar confectionery
1512 - Production and preserving of poultry meat
15512 - Butter and cheese production
Business Description
SHOEI FOODS
CORPORATION is a Japan-based company mainly engaged in the manufacture of food
products. The Company is engaged in the purchase, manufacture and sale of food
products, including dairy products, materials for confectionery, dried fruits,
nuts, canned products and confectionery, among others. In addition, the Company
is involved in the operation of agricultural farms. Through its subsidiaries
and associated companies, the Company is also involved in the import and export
of agricultural products and dairy products, as well as the nonlife insurance
agency business. As of October 31, 2011, the Company had 15 subsidiaries and
two associated companies. For the nine months ended 31 July 2011, SHOEI FOODS
CORPORATION's revenues increased 6% to Y56.98B. The Company's net income
decreased 24% to Y1.07B. Revenues reflect higher sales due to the favorable
business environment. Lower net income was offset by higher percentage of cost
of sales, the absence of subsidy income, as well as the presence of losses on
disaster of earthquake.
More Business
Descriptions
Wholesale trade in foodstuffs, particularly dairy products
Shoei Delicy
Corporation is the new name for the re-organized Confectionery Division of
Shoei Foods Corporation. This became effective in May 2007. The company (Shoei
Foods) is a food processing company principally engaged in the processing,
manufacture, distribution, marketing and import & export of food stuff to
bakeries, restaurants and consumers. The company categorizes its product line
into five segments namely, Dairy Products, Oils and Fats; Dried Fruits &
Canned Foods; Confectionery Materials; Confectionery Retail Products. The Dairy
Products, Oils& Fats category includes cheese and processed cheese,
condensed milk, fermented milk drinks, butter cream, milk concentrate, and milk
powder. The company markets its products under the brand names Leprino, ShoEi,
Raskas, Lactos, Tsukuba and Snowbell. Shoei Foods also imports edible lactose
from the US and markets it under the brand names Hilmar and Leprino. The
company also produces fruit flavored milk and mixed powder for custard
pudding.In the Dried Fruits & Canned Foods category, the company is engaged
in the sale & processing of almonds, walnuts, hazelnuts, macadamia nuts,
pecan nuts, pistachio nuts, cashew nuts, snack nuts, coconuts, nata de coco
& tapioca and other dried fruits. Shoei Foods also processes and sells
chestnuts in syrup, marron paste and sugar coated broken marrons, seeds of
pine, pumpkin & sunflower.In the Confectionery Materials category, the
company offers processed chocolate products, processed fruits, processed nuts,
processed chestnuts and other materials. The Chocolate products include cocoa
and caramel powder covered with pecan nuts and chocolate covered almonds and
other macadamia nuts, chocolate topping, maple syrups, powdered sugar, egg
powder and cocoa powderThe Confectionery Retail Products category offers
chocolate, biscuits and cookies, dessert products and marron glazes. The
company, in addition to industrial use, produces and markets pastas, olive oil,
processed tomatoes, canned corn, frozen corn, mushrooms and bamboo shoots. The
company also processes and produces prunes, dessert pack fruit sauce, canned
fruits and frozen chestnuts puree among others. The company owns and operates
six production facilities in Japan, which manufactures all of the products of
the company. Additionally, the company also owns processing plants in the US
and China, through its subsidiary companies. The company distributes its
products through two distribution facilities namely Shoei Delicy and Iwasa in
Japan. The overseas subsidiary companies of Shoei Foods include Shoei Foods
(U.S.A), Inc. in the US and Shoei Foods Qingdao Co., Ltd., Yanji Shoei Foods
Co., Ltd., Shoei International Trading Shanghai Co., Ltd. and Ningxia Zheng
Kang Food Co., Ltd. in China.
Shoei Foods
Corporation (Shoei Foods) is a food products manufacturing company. It is
principally engaged in the processing, manufacturing, distribution and import
and export of food stuff to bakeries, restaurants and consumers. The company
owns and operates six production facilities in Japan which manufacture all the
products of the company. It also owns processing plants in the US and China. It
distributes its products through two distribution facilities namely Shoei
Delicy and Iwasa in Japan. The company also operates overseas through its
subsidiary companies which include Shoei Foods Qingdao Co., Ltd., Yanji Shoei
Foods Co., Ltd., Shoei International Trading Shanghai Co., Ltd. and Ningxia
Zheng Kang Food Co., Ltd. in China. It is headquartered at Tokyo in Japan. The
company employs over 1,000 employees.The company reported revenues of (Yen) JPY
71,414.94 million during the fiscal year ended October 2010, a decrease of
0.09% from 2009. The operating profit of the company was JPY 2,290.30 million
during the fiscal year 2010, an increase of 10.62% over 2009. The net profit of
the company was JPY 1,412.91 million during the fiscal year 2010, an increase
of 37.97% over 2009.
Other Specialty Food Stores
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Corporate
Family |
Corporate
Structure News: |
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SHOEI FOODS CORPORATION |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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SHOEI FOODS CORPORATION |
Parent |
Tokyo |
Japan |
Food Processing |
932.7 |
1,045 |
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Tsukuba Dairy Products Co.,Ltd. |
Subsidiary |
Ishioka, Ibaraki |
Japan |
Food Processing |
156.5 |
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Kyomaron, K.K. |
Subsidiary |
Joso, Ibaraki |
Japan |
Food Processing |
53.9 |
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Competitors Report
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Company Name |
Location |
Employees |
Ownership |
|
BOURBON CORPORATION |
Kashiwazaki-Shi, Japan |
3,829 |
Public |
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China Foods Limited |
, Hong Kong |
16,817 |
Public |
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IWATSUKA CONFECTIONERY CO., LTD. |
Nagaoka-Shi, Japan |
937 |
Public |
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Tokan Co., Ltd. |
Nagoya-Shi, Japan |
497 |
Public |
Executvie report
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Board of
Directors |
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Chairman |
Chairman |
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Director of 2nd Raw Material, Director |
Director/Board Member |
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Managing Director, Chief Director of Administration, Director of
General Affairs |
Director/Board Member |
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Director of Material, Director |
Director/Board Member |
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Director |
Director/Board Member |
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President, Representative Director |
Director/Board Member |
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Senior Managing Director, Chairman of Subsidiaries |
Director/Board Member |
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Managing Director, Chief Director of Sales, President of Subsidiary |
Director/Board Member |
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Director of Business Food, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Chief Executive Officer |
Chief Executive Officer |
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President, Representative Director |
President |
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Managing Director, Chief Director of Administration, Director of
General Affairs |
Managing Director |
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Senior Managing Director, Chairman of Subsidiaries |
Managing Director |
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Managing Director, Chief Director of Sales, President of Subsidiary |
Managing Director |
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Co-Managing Director |
Managing Director |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Director |
Other |
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Director |
Other |
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Director |
Other |
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Executive Officer, Director of Quality Assurance |
Other |
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Senior Manging Director |
Other |
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Significant Developments
Shoei Foods Corporation Raises Year-end Dividend Forecast for FY 2011 Aug 08, 2011
Shoei Foods Corporation announced that it has raised the year-end dividend forecast from JPY 6.00 per share, which was disclosed on June 12, 2011, to JPY 9 per share, including a common dividend of JPY 6.00 per share and a bonus dividend in the commemoration of its 25th anniversary of foundation of JPY 3.00 per share, for the fiscal year ending October 2011.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
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Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
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Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
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Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
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Net Sales |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
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Revenue |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
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Total Revenue |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
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Cost of Revenue |
803.0 |
683.6 |
650.3 |
602.6 |
533.3 |
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Cost of Revenue, Total |
803.0 |
683.6 |
650.3 |
602.6 |
533.3 |
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Gross Profit |
129.7 |
119.8 |
107.2 |
91.0 |
75.1 |
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Selling/General/Administrative Expense |
67.5 |
60.3 |
55.5 |
50.1 |
44.1 |
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Labor & Related Expense |
33.2 |
30.7 |
27.6 |
24.3 |
21.7 |
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Total Selling/General/Administrative Expenses |
100.7 |
91.0 |
83.1 |
74.4 |
65.7 |
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Impairment-Assets Held for Use |
0.3 |
2.6 |
1.9 |
0.3 |
0.8 |
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Impairment-Assets Held for Sale |
0.4 |
1.3 |
0.2 |
0.6 |
0.0 |
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Other Unusual Expense (Income) |
4.7 |
-0.9 |
0.1 |
3.0 |
0.3 |
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Unusual Expense (Income) |
5.4 |
3.0 |
2.2 |
3.9 |
1.2 |
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Total Operating Expense |
909.1 |
777.6 |
735.6 |
680.8 |
600.2 |
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Operating Income |
23.6 |
25.8 |
21.9 |
12.7 |
8.1 |
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Interest Expense -
Non-Operating |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
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Interest Expense, Net Non-Operating |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
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Interest Income -
Non-Operating |
0.1 |
0.1 |
0.2 |
0.0 |
0.0 |
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Investment Income -
Non-Operating |
0.2 |
-0.5 |
-1.0 |
0.0 |
0.0 |
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Interest/Investment Income - Non-Operating |
0.4 |
-0.4 |
-0.8 |
0.0 |
0.0 |
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Interest Income (Expense) - Net Non-Operating Total |
-0.7 |
-1.4 |
-2.4 |
-1.7 |
-1.7 |
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Gain (Loss) on Sale of Assets |
0.0 |
0.5 |
0.2 |
0.0 |
2.0 |
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Other Non-Operating Income (Expense) |
0.9 |
1.2 |
0.8 |
0.7 |
0.1 |
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Other, Net |
0.9 |
1.2 |
0.8 |
0.7 |
0.1 |
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Income Before Tax |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
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Total Income Tax |
10.1 |
9.9 |
8.9 |
6.7 |
6.4 |
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Income After Tax |
13.7 |
16.2 |
11.7 |
5.0 |
2.1 |
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Minority Interest |
0.2 |
-0.3 |
-0.9 |
0.1 |
-0.2 |
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Net Income Before Extraord Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
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Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
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Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Income Available to Common Excl Extraord Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
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Income Available to Common Incl Extraord Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
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Basic/Primary Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.4 |
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Basic EPS Excl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
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Basic/Primary EPS Incl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
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Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Diluted Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
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Diluted Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Diluted EPS Excl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
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Diluted EPS Incl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
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Dividends per Share - Common Stock Primary Issue |
0.15 |
0.13 |
0.13 |
0.11 |
0.13 |
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Gross Dividends - Common Stock |
2.9 |
2.6 |
2.5 |
2.2 |
2.5 |
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Interest Expense, Supplemental |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
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Depreciation, Supplemental |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
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Total Special Items |
5.4 |
2.5 |
2.0 |
3.9 |
-0.8 |
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Normalized Income Before Tax |
29.2 |
28.6 |
22.6 |
15.6 |
7.7 |
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Effect of Special Items on Income Taxes |
2.3 |
0.9 |
0.8 |
2.3 |
-0.3 |
|
Inc Tax Ex Impact of Sp Items |
12.5 |
10.8 |
9.7 |
9.0 |
6.2 |
|
Normalized Income After Tax |
16.8 |
17.8 |
12.8 |
6.6 |
1.5 |
|
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|
|
|
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|
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Normalized Inc. Avail to Com. |
17.0 |
17.4 |
12.0 |
6.7 |
1.4 |
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Basic Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Diluted Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Rental Expenses |
3.8 |
2.7 |
2.5 |
2.2 |
1.9 |
|
Reported Operating Profit |
29.0 |
28.8 |
24.1 |
16.6 |
9.3 |
|
Reported Ordinary Profit |
29.2 |
28.6 |
22.6 |
15.2 |
7.5 |
|
Normalized EBIT |
29.0 |
28.8 |
24.1 |
16.6 |
9.3 |
|
Normalized EBITDA |
47.1 |
44.7 |
38.7 |
31.4 |
22.2 |
|
Service Cost - Domestic |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Domestic Pension Plan Expense |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Defined Contribution Expense - Domestic |
0.7 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Total Pension Expense |
-0.3 |
2.5 |
2.3 |
2.5 |
1.4 |
|
Total Plan Service Cost |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
77.975 |
80.55 |
90.52 |
98.35 |
115.285 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
65.0 |
59.7 |
58.7 |
34.9 |
16.2 |
|
Cash and Short Term Investments |
65.0 |
59.7 |
58.7 |
34.9 |
16.2 |
|
Accounts Receivable -
Trade, Gross |
186.3 |
185.3 |
167.1 |
154.3 |
136.9 |
|
Provision for Doubtful
Accounts |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.2 |
|
Trade Accounts Receivable - Net |
186.1 |
185.1 |
166.7 |
154.1 |
136.8 |
|
Total Receivables, Net |
186.1 |
185.1 |
166.7 |
154.1 |
136.8 |
|
Inventories - Finished Goods |
108.3 |
94.1 |
81.1 |
91.1 |
- |
|
Inventories - Work In Progress |
5.6 |
5.5 |
4.0 |
4.6 |
- |
|
Inventories - Raw Materials |
15.1 |
13.3 |
12.7 |
16.7 |
- |
|
Total Inventory |
129.1 |
112.9 |
97.9 |
112.4 |
95.8 |
|
Deferred Income Tax - Current Asset |
6.1 |
6.2 |
3.8 |
4.6 |
2.5 |
|
Other Current Assets |
9.1 |
12.8 |
5.9 |
6.3 |
9.6 |
|
Other Current Assets, Total |
15.2 |
18.9 |
9.7 |
11.0 |
12.1 |
|
Total Current Assets |
395.5 |
376.6 |
332.9 |
312.4 |
261.0 |
|
|
|
|
|
|
|
|
Buildings |
146.6 |
150.7 |
133.1 |
124.0 |
104.1 |
|
Land/Improvements |
28.9 |
21.8 |
19.9 |
18.6 |
15.4 |
|
Machinery/Equipment |
227.7 |
215.6 |
188.1 |
178.3 |
149.7 |
|
Construction in
Progress |
4.4 |
3.3 |
5.6 |
2.2 |
2.3 |
|
Leases |
3.3 |
3.2 |
1.7 |
0.0 |
- |
|
Other
Property/Plant/Equipment |
0.8 |
0.8 |
0.8 |
2.1 |
2.0 |
|
Property/Plant/Equipment - Gross |
411.7 |
395.4 |
349.2 |
325.2 |
273.5 |
|
Accumulated Depreciation |
-276.4 |
-265.3 |
-232.2 |
-213.1 |
-171.7 |
|
Property/Plant/Equipment - Net |
135.3 |
130.1 |
117.0 |
112.2 |
101.8 |
|
Intangibles, Net |
2.1 |
2.2 |
2.3 |
1.7 |
1.5 |
|
LT Investment - Affiliate Companies |
4.1 |
4.1 |
3.7 |
2.0 |
1.7 |
|
LT Investments - Other |
19.2 |
18.2 |
17.6 |
16.8 |
20.7 |
|
Long Term Investments |
23.4 |
22.3 |
21.3 |
18.9 |
22.4 |
|
Deferred Income Tax - Long Term Asset |
1.4 |
1.9 |
0.8 |
0.7 |
0.0 |
|
Other Long Term Assets |
8.2 |
7.4 |
7.7 |
7.1 |
6.7 |
|
Other Long Term Assets, Total |
9.5 |
9.3 |
8.5 |
7.7 |
6.8 |
|
Total Assets |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
102.8 |
102.6 |
95.5 |
82.2 |
75.5 |
|
Accrued Expenses |
8.7 |
9.2 |
6.4 |
6.1 |
5.1 |
|
Notes Payable/Short Term Debt |
115.0 |
105.4 |
105.1 |
114.4 |
106.8 |
|
Current Portion - Long Term Debt/Capital Leases |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
Income Taxes Payable |
4.2 |
10.5 |
4.1 |
7.4 |
0.3 |
|
Other Payables |
16.8 |
13.3 |
12.8 |
9.1 |
8.0 |
|
Other Current Liabilities |
12.7 |
12.3 |
13.1 |
12.7 |
6.1 |
|
Other Current liabilities, Total |
33.7 |
36.1 |
30.1 |
29.2 |
14.4 |
|
Total Current Liabilities |
261.5 |
253.5 |
237.4 |
232.3 |
202.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Total Long Term Debt |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Total Debt |
120.7 |
105.5 |
105.5 |
115.3 |
107.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.2 |
0.0 |
0.6 |
0.6 |
2.9 |
|
Deferred Income Tax |
0.2 |
0.0 |
0.6 |
0.6 |
2.9 |
|
Minority Interest |
8.9 |
9.2 |
8.0 |
7.9 |
7.0 |
|
Pension Benefits - Underfunded |
5.6 |
10.2 |
8.8 |
7.5 |
2.8 |
|
Other Long Term Liabilities |
2.6 |
3.2 |
2.6 |
0.3 |
0.3 |
|
Other Liabilities, Total |
8.2 |
13.4 |
11.3 |
7.9 |
3.1 |
|
Total Liabilities |
283.2 |
276.1 |
257.4 |
249.2 |
215.5 |
|
|
|
|
|
|
|
|
Common Stock |
43.3 |
42.0 |
37.3 |
34.4 |
29.3 |
|
Common Stock |
43.3 |
42.0 |
37.3 |
34.4 |
29.3 |
|
Additional Paid-In Capital |
39.0 |
37.8 |
33.6 |
30.9 |
26.4 |
|
Retained Earnings (Accumulated Deficit) |
229.2 |
210.9 |
174.6 |
152.7 |
127.9 |
|
Treasury Stock - Common |
-16.7 |
-16.1 |
-14.4 |
-13.2 |
-11.2 |
|
Unrealized Gain (Loss) |
0.3 |
-0.3 |
0.2 |
-0.6 |
5.0 |
|
Translation Adjustment |
-12.7 |
-9.9 |
-6.9 |
-0.5 |
0.7 |
|
Other Equity, Total |
-12.7 |
-9.9 |
-6.9 |
-0.5 |
0.7 |
|
Total Equity |
282.5 |
264.4 |
224.5 |
203.7 |
178.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Total Common Shares Outstanding |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Treasury Shares - Common Stock Primary Issue |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Employees |
1,045 |
1,042 |
1,028 |
1,034 |
1,039 |
|
Number of Common Shareholders |
- |
4,930 |
3,385 |
3,404 |
3,382 |
|
Total Long Term Debt, Supplemental |
5.8 |
0.1 |
0.5 |
0.9 |
0.7 |
|
Long Term Debt Maturing within 1 Year |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
Long Term Debt Maturing in Year 2 |
1.3 |
0.0 |
0.1 |
0.3 |
0.1 |
|
Long Term Debt Maturing in Year 3 |
1.3 |
0.0 |
0.0 |
0.1 |
- |
|
Long Term Debt Maturing in Year 4 |
1.3 |
- |
- |
- |
- |
|
Long Term Debt Maturing in Year 5 |
0.6 |
- |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
2.6 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Long Term Debt Maturing in 4-5 Years |
1.9 |
- |
- |
- |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
2.2 |
2.7 |
1.6 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.6 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.6 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.6 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.3 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.3 |
0.3 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.2 |
1.2 |
0.6 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.3 |
0.9 |
0.6 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
0.0 |
0.1 |
- |
- |
|
Pension Obligation - Domestic |
19.8 |
27.8 |
23.8 |
22.4 |
18.9 |
|
Plan Assets - Domestic |
16.7 |
21.6 |
19.0 |
18.3 |
16.3 |
|
Funded Status - Domestic |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Total Funded Status |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Prepaid Benefits - Domestic |
0.1 |
- |
0.1 |
0.2 |
0.2 |
|
Accrued Liabilities - Domestic |
-3.2 |
-6.2 |
-4.9 |
-4.3 |
-2.8 |
|
Net Assets Recognized on Balance Sheet |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Total Plan Obligations |
19.8 |
27.8 |
23.8 |
22.4 |
18.9 |
|
Total Plan Assets |
16.7 |
21.6 |
19.0 |
18.3 |
16.3 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
|
Depreciation |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Depreciation/Depletion |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Unusual Items |
2.5 |
0.5 |
0.8 |
0.0 |
-1.6 |
|
Other Non-Cash Items |
-4.1 |
1.4 |
2.9 |
6.4 |
0.2 |
|
Non-Cash Items |
-1.5 |
1.9 |
3.7 |
6.4 |
-1.4 |
|
Accounts Receivable |
4.3 |
1.6 |
-1.4 |
4.7 |
-7.4 |
|
Inventories |
-12.7 |
-3.2 |
21.7 |
-0.8 |
-11.5 |
|
Accounts Payable |
-2.9 |
-3.7 |
6.7 |
-5.2 |
1.1 |
|
Other Operating Cash Flow |
-11.9 |
-10.0 |
-8.5 |
3.8 |
-4.0 |
|
Changes in Working Capital |
-23.3 |
-15.4 |
18.6 |
2.6 |
-21.8 |
|
Cash from Operating Activities |
17.0 |
28.6 |
57.4 |
35.5 |
-1.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-20.5 |
-19.2 |
-13.3 |
-8.9 |
-12.6 |
|
Capital Expenditures |
-20.5 |
-19.2 |
-13.3 |
-8.9 |
-12.6 |
|
Sale of Fixed Assets |
0.0 |
0.9 |
0.5 |
0.0 |
5.1 |
|
Sale/Maturity of Investment |
- |
0.0 |
0.4 |
0.6 |
4.7 |
|
Purchase of Investments |
-1.0 |
-0.1 |
-1.8 |
-0.3 |
-0.7 |
|
Other Investing Cash Flow |
-0.4 |
-0.5 |
-0.7 |
0.0 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-1.4 |
0.2 |
-1.7 |
0.4 |
9.1 |
|
Cash from Investing Activities |
-21.9 |
-19.0 |
-14.9 |
-8.5 |
-3.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Financing Cash Flow Items |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Cash Dividends Paid - Common |
-2.9 |
-2.6 |
-2.5 |
-2.5 |
-2.0 |
|
Total Cash Dividends Paid |
-2.9 |
-2.6 |
-2.5 |
-2.5 |
-2.0 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
-0.1 |
0.2 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
-0.1 |
0.2 |
|
Short Term Debt, Net |
7.1 |
-11.1 |
-18.2 |
-9.0 |
8.6 |
|
Long Term Debt Issued |
6.2 |
- |
0.0 |
0.9 |
0.0 |
|
Long Term Debt
Reduction |
-1.4 |
-0.7 |
-0.6 |
-0.9 |
-1.5 |
|
Long Term Debt, Net |
4.9 |
-0.7 |
-0.6 |
0.0 |
-1.5 |
|
Issuance (Retirement) of Debt, Net |
11.9 |
-11.8 |
-18.8 |
-9.0 |
7.1 |
|
Cash from Financing Activities |
8.9 |
-14.6 |
-21.4 |
-11.6 |
5.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-0.8 |
-1.2 |
-0.5 |
-0.1 |
|
Net Change in Cash |
3.2 |
-5.7 |
19.9 |
14.9 |
-0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
59.7 |
59.8 |
36.4 |
17.4 |
15.9 |
|
Net Cash - Ending Balance |
62.9 |
54.1 |
56.3 |
32.3 |
15.6 |
|
Cash Interest Paid |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
Cash Taxes Paid |
15.8 |
7.5 |
12.1 |
-1.3 |
2.6 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
|
Total Revenue |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
|
|
|
|
|
|
|
|
Cost of Sales |
803.0 |
683.6 |
650.3 |
602.6 |
533.3 |
|
Packing & freight-out costs |
26.0 |
23.1 |
21.5 |
19.7 |
17.1 |
|
Storage Charges |
8.9 |
7.6 |
7.4 |
6.4 |
5.8 |
|
Payrolls |
27.0 |
24.3 |
22.3 |
19.8 |
17.7 |
|
Provision for bonuses |
4.5 |
4.2 |
3.4 |
3.3 |
2.8 |
|
Provision for director's bonuses |
0.5 |
0.5 |
0.4 |
0.3 |
0.3 |
|
Periodic retirement benefit costs |
0.8 |
1.4 |
1.1 |
0.9 |
0.8 |
|
Reserve for officers retirement |
0.4 |
0.4 |
0.4 |
- |
- |
|
Traveling expenses |
3.8 |
3.4 |
3.1 |
2.9 |
2.7 |
|
Rent expenses |
3.8 |
2.7 |
2.5 |
2.2 |
1.9 |
|
Taxes, other than income taxes |
0.7 |
0.5 |
0.4 |
0.4 |
0.4 |
|
Provision for doubtful accounts(SGA) |
- |
- |
- |
- |
0.0 |
|
Other general expenses |
24.2 |
23.0 |
20.5 |
18.5 |
16.1 |
|
SP Subsidy |
0.0 |
-0.8 |
0.0 |
- |
- |
|
SP G on reversal of directors' retire. |
- |
- |
0.0 |
-0.1 |
0.0 |
|
SP Rev-Allow Doubt Acc. |
-0.1 |
-0.2 |
0.0 |
0.0 |
0.0 |
|
SP Loss Val Inv.Secs. |
0.4 |
1.3 |
0.2 |
0.5 |
0.0 |
|
SP Loss Retire Fix Asset |
0.3 |
1.6 |
0.9 |
0.2 |
0.4 |
|
SP Director Retire Bnft |
- |
- |
- |
0.0 |
0.1 |
|
SP Reserve directors' retir.bene. |
- |
- |
0.0 |
3.0 |
0.0 |
|
SP Retirement Benefit |
- |
- |
- |
0.0 |
0.3 |
|
SP Allow Doubt Acc. |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Impairment loss |
0.0 |
1.0 |
1.0 |
0.0 |
0.4 |
|
SP L on val. of inv't in related company |
- |
- |
0.0 |
0.1 |
- |
|
Loss on disaster |
2.0 |
- |
- |
- |
- |
|
SP Scrapping bldgs of company |
2.5 |
- |
- |
- |
- |
|
SP Other Special Loss |
0.3 |
0.0 |
0.1 |
0.0 |
- |
|
Total Operating Expense |
909.1 |
777.6 |
735.6 |
680.8 |
600.2 |
|
|
|
|
|
|
|
|
SP Gain Sale Inv.Secs. |
- |
0.0 |
0.0 |
0.1 |
0.2 |
|
SP Gain Sale Fix.Assets |
0.0 |
0.5 |
0.3 |
0.0 |
2.0 |
|
SP G on sale of affiliated securities |
- |
- |
0.0 |
0.3 |
0.0 |
|
SP Loss Sale Inv.Secs. |
- |
0.0 |
-0.1 |
0.0 |
- |
|
SP Loss Sale Fix.Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Interest Income |
0.1 |
0.1 |
0.2 |
0.0 |
0.0 |
|
NOP Dividend Income |
0.4 |
0.3 |
0.3 |
0.4 |
0.4 |
|
NOP Exchange Gain |
- |
- |
- |
- |
0.0 |
|
NOP G on allotment of stocks |
0.0 |
0.3 |
0.0 |
- |
- |
|
NOP Insurance Dividend |
0.2 |
0.1 |
0.1 |
0.0 |
0.1 |
|
NOP Insurance Matured |
0.2 |
0.4 |
0.7 |
0.3 |
0.8 |
|
NOP Sales Commission Inc |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Equity Gain |
0.4 |
0.3 |
0.3 |
0.3 |
0.0 |
|
NOP Compensation Income |
0.0 |
0.1 |
0.3 |
0.0 |
- |
|
NOP Subsidy income |
- |
- |
- |
- |
0.0 |
|
NOP Other Income |
0.8 |
0.6 |
0.4 |
0.7 |
0.4 |
|
NOP Interest Expense |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
|
NOP Exchange Loss |
-0.8 |
-1.2 |
-1.7 |
-1.1 |
0.0 |
|
NOP Damage Compensation |
- |
-0.1 |
-0.6 |
0.0 |
- |
|
NOP Equity loss |
- |
- |
- |
0.0 |
-0.7 |
|
NOP L on product recall |
- |
- |
- |
0.0 |
-0.9 |
|
NOP Other Expense |
-0.2 |
0.0 |
0.0 |
-0.2 |
-0.2 |
|
Net Income Before Taxes |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
10.1 |
9.9 |
8.9 |
6.7 |
6.4 |
|
Net Income After Taxes |
13.7 |
16.2 |
11.7 |
5.0 |
2.1 |
|
|
|
|
|
|
|
|
Minority interests in income |
0.2 |
-0.3 |
-0.9 |
0.1 |
-0.2 |
|
Net Income Before Extra. Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Basic EPS Including ExtraOrdinary Item |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
Diluted Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Diluted EPS Including ExtraOrd Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
DPS-Common Stock |
0.15 |
0.13 |
0.13 |
0.11 |
0.13 |
|
Gross Dividends - Common Stock |
2.9 |
2.6 |
2.5 |
2.2 |
2.5 |
|
Normalized Income Before Taxes |
29.2 |
28.6 |
22.6 |
15.6 |
7.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
12.5 |
10.8 |
9.7 |
9.0 |
6.2 |
|
Normalized Income After Taxes |
16.8 |
17.8 |
12.8 |
6.6 |
1.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
17.0 |
17.4 |
12.0 |
6.7 |
1.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Diluted Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Interest Expense |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
Rental Expense |
3.8 |
2.7 |
2.5 |
2.2 |
1.9 |
|
Depreciation |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Reported Operating Profit |
29.0 |
28.8 |
24.1 |
16.6 |
9.3 |
|
Reported Ordinary Profit |
29.2 |
28.6 |
22.6 |
15.2 |
7.5 |
|
Service Cost |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Domestic Pension Plan Expense |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Defined Contribution Expense |
0.7 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Total Pension Expense |
-0.3 |
2.5 |
2.3 |
2.5 |
1.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
77.975 |
80.55 |
90.52 |
98.35 |
115.285 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & deposits |
65.0 |
59.7 |
58.7 |
34.9 |
16.2 |
|
Accounts & notes receivable, gross |
186.3 |
185.3 |
167.1 |
154.3 |
136.9 |
|
Inventories - total |
- |
- |
- |
- |
95.8 |
|
Inventories - merchandise&finished goods |
108.3 |
94.1 |
81.1 |
91.1 |
- |
|
Work in process |
5.6 |
5.5 |
4.0 |
4.6 |
- |
|
Inventories - raw materials&supplies |
15.1 |
13.3 |
12.7 |
16.7 |
- |
|
Deferred income taxes (current) |
6.1 |
6.2 |
3.8 |
4.6 |
2.5 |
|
Current assets other |
9.1 |
12.8 |
5.9 |
6.3 |
9.6 |
|
Allow.doubt.accounts (current) |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.2 |
|
Total Current Assets |
395.5 |
376.6 |
332.9 |
312.4 |
261.0 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
146.6 |
150.7 |
133.1 |
124.0 |
104.1 |
|
Accum. depr - bldg&struc |
-92.9 |
-95.7 |
-82.9 |
-73.9 |
-59.8 |
|
Machineries, equip., & vehicle, gross |
217.5 |
205.5 |
178.4 |
168.8 |
141.7 |
|
Accum. depr - machin&vehicles |
-173.4 |
-159.8 |
-140.6 |
-129.8 |
-104.3 |
|
Tools, furniture, & fixtures, gross |
10.2 |
10.1 |
9.7 |
9.5 |
8.0 |
|
Accum. depr - tools, furn, fixtur |
-8.4 |
-8.7 |
-8.0 |
-7.7 |
-6.1 |
|
Land |
28.9 |
21.8 |
19.9 |
18.6 |
15.4 |
|
Lease |
3.3 |
3.2 |
1.7 |
0.0 |
- |
|
Accum. depr - Lease |
-1.2 |
-0.6 |
-0.2 |
0.0 |
- |
|
Construction-in-progress |
4.4 |
3.3 |
5.6 |
2.2 |
2.3 |
|
Other, prop., plants, & equip., gross |
0.8 |
0.8 |
0.8 |
2.1 |
2.0 |
|
Accum. depr - other PPE |
-0.5 |
-0.5 |
-0.4 |
-1.6 |
-1.5 |
|
Software rights |
0.6 |
0.7 |
0.8 |
0.2 |
0.2 |
|
Other intangible assets |
1.5 |
1.5 |
1.4 |
1.5 |
1.3 |
|
Long-term investment in securities |
19.2 |
18.2 |
17.6 |
16.8 |
20.7 |
|
Inv't partnership-nonconsol.affil. |
4.1 |
4.1 |
3.7 |
2.0 |
1.7 |
|
Prepaid life insurance |
4.8 |
4.6 |
4.7 |
4.4 |
3.8 |
|
Deferred inc. taxes (non-current) |
1.4 |
1.9 |
0.8 |
0.7 |
0.0 |
|
Other assets |
4.3 |
3.9 |
3.9 |
3.5 |
3.6 |
|
Allow.doubt.accounts (non-current) |
-0.9 |
-1.0 |
-0.9 |
-0.8 |
-0.6 |
|
Total Assets |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
Trade accounts & notes payable |
102.8 |
102.6 |
95.5 |
82.2 |
75.5 |
|
Short-term borrowings |
115.0 |
105.4 |
105.1 |
114.4 |
106.8 |
|
LT borrowings (current) |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
Other accounts payable |
16.8 |
13.3 |
12.8 |
9.1 |
8.0 |
|
Income taxes payable |
4.2 |
10.5 |
4.1 |
7.4 |
0.3 |
|
Reserve for bonuses |
8.2 |
8.7 |
6.0 |
5.7 |
4.8 |
|
Provision for directors'' bonuses |
0.6 |
0.5 |
0.4 |
0.3 |
0.3 |
|
Other current liabilities |
12.7 |
12.3 |
13.1 |
12.7 |
6.1 |
|
Total Current Liabilities |
261.5 |
253.5 |
237.4 |
232.3 |
202.4 |
|
|
|
|
|
|
|
|
LT borrowings |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Total Long Term Debt |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
|
|
|
|
|
|
|
Provision for retirement benefits |
3.2 |
6.2 |
4.9 |
4.3 |
2.8 |
|
Reserve for officers' retirement |
2.5 |
4.0 |
3.8 |
3.2 |
0.0 |
|
Deferred tax liabilities (non-current) |
0.2 |
0.0 |
0.6 |
0.6 |
2.9 |
|
Other LT liabilities |
2.6 |
3.2 |
2.6 |
0.3 |
0.3 |
|
Minority interests |
8.9 |
9.2 |
8.0 |
7.9 |
7.0 |
|
Total Liabilities |
283.2 |
276.1 |
257.4 |
249.2 |
215.5 |
|
|
|
|
|
|
|
|
Common Stock |
43.3 |
42.0 |
37.3 |
34.4 |
29.3 |
|
Paid-in Capital |
39.0 |
37.8 |
33.6 |
30.9 |
26.4 |
|
Retained Earning |
229.2 |
210.9 |
174.6 |
152.7 |
127.9 |
|
Reserve by val. of investment sec. |
1.2 |
1.4 |
1.5 |
1.5 |
4.7 |
|
Cumulative translation adjustments |
-12.7 |
-9.9 |
-6.9 |
-0.5 |
0.7 |
|
Deferred hedge gain/loss |
-0.9 |
-1.6 |
-1.4 |
-2.1 |
0.3 |
|
Treasury Stock |
-16.7 |
-16.1 |
-14.4 |
-13.2 |
-11.2 |
|
Total Equity |
282.5 |
264.4 |
224.5 |
203.7 |
178.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Total Common Shares Outstanding |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
T/S-Common Stock |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Full-Time Employees |
1,045 |
1,042 |
1,028 |
1,034 |
1,039 |
|
Number of Common Shareholders |
- |
4,930 |
3,385 |
3,404 |
3,382 |
|
LT Debt due within 1 Yr. |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
LT Debt due within 2 Yr. |
1.3 |
0.0 |
0.1 |
0.3 |
0.1 |
|
LT Debt due within 3 Yr. |
1.3 |
0.0 |
0.0 |
0.1 |
- |
|
Long Term Debt Maturing in Year 4 |
1.3 |
- |
- |
- |
- |
|
Long Term Debt Maturing in Year 5 |
0.6 |
- |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
5.8 |
0.1 |
0.5 |
0.9 |
0.7 |
|
Lease due within 1 Yr. |
0.6 |
0.6 |
0.3 |
- |
- |
|
Lease due within 2 Yr. |
0.6 |
0.6 |
0.3 |
- |
- |
|
Lease due within 3 Yr. |
0.6 |
0.6 |
0.3 |
- |
- |
|
Lease due within 4 Yr. |
0.3 |
0.6 |
0.3 |
- |
- |
|
Lease due within 5 Yr. |
0.0 |
0.3 |
0.3 |
- |
- |
|
Lease due remaining maturities |
- |
0.0 |
0.1 |
- |
- |
|
Total Capital Leases |
2.2 |
2.7 |
1.6 |
- |
- |
|
Pension Obligation |
19.8 |
27.8 |
23.8 |
22.4 |
18.9 |
|
Fair Value of Plan Asset |
16.7 |
21.6 |
19.0 |
18.3 |
16.3 |
|
Funded Status |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Total Funded Status |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Reserve for Accrued Retirement Benefits |
-3.2 |
-6.2 |
-4.9 |
-4.3 |
-2.8 |
|
Prepaid Benefits |
0.1 |
- |
0.1 |
0.2 |
0.2 |
|
Net Assets Recognized on Balance Sheet |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net income before taxes |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
|
Depreciation |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Head office disjoint cost |
2.5 |
- |
- |
- |
- |
|
Impairment loss |
0.0 |
1.0 |
1.0 |
0.0 |
0.4 |
|
Reserve for doubtful accounts |
-0.1 |
-0.1 |
0.2 |
0.1 |
0.0 |
|
Reserve for retirement benefits(accrued) |
-3.1 |
0.7 |
0.4 |
0.9 |
-1.3 |
|
Reserve for dir.'s retire. bonuse |
-1.6 |
-0.3 |
0.3 |
3.0 |
0.0 |
|
Reversal of int.& dividends rcvd. |
-0.5 |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
|
Reversal of interest expenses |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
G/L on sales of noncurrent asset |
0.0 |
-0.5 |
-0.3 |
0.0 |
-2.0 |
|
Exchange gains/losses |
0.2 |
0.6 |
0.8 |
1.1 |
0.2 |
|
Account receivable |
4.3 |
1.6 |
-1.4 |
4.7 |
-7.4 |
|
Inventory |
-12.7 |
-3.2 |
21.7 |
-0.8 |
-11.5 |
|
Acts & notes payable |
-2.9 |
-3.7 |
6.7 |
-5.2 |
1.1 |
|
Other operating activities |
4.2 |
-2.0 |
4.6 |
3.7 |
-0.2 |
|
Int & div.received (cash basis) |
0.7 |
0.6 |
0.6 |
0.7 |
0.5 |
|
Interest paid (cash basis) |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
|
Income taxes paid |
-15.8 |
-7.5 |
-12.1 |
-0.7 |
-2.6 |
|
Income tax refund |
- |
- |
0.0 |
2.0 |
0.0 |
|
Newly Consolidated |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
17.0 |
28.6 |
57.4 |
35.5 |
-1.8 |
|
|
|
|
|
|
|
|
Time deposit matured |
- |
- |
0.0 |
0.1 |
0.2 |
|
Capital Expenditure |
-20.5 |
-19.2 |
-13.3 |
-8.9 |
-12.6 |
|
Sale of PPE |
0.0 |
0.9 |
0.5 |
0.0 |
5.1 |
|
Purchase of LT inv't in sec. |
-1.0 |
-0.1 |
-0.2 |
-0.1 |
-0.2 |
|
Sale/redempt.LT inv't in sec. |
- |
0.0 |
0.4 |
0.5 |
4.5 |
|
Affiliate inv'ts made |
- |
0.0 |
-1.6 |
-0.1 |
-0.5 |
|
Other investment activities |
-0.4 |
-0.5 |
-0.7 |
0.0 |
0.0 |
|
Cash from Investing Activities |
-21.9 |
-19.0 |
-14.9 |
-8.5 |
-3.5 |
|
|
|
|
|
|
|
|
Change in short-term debt, net |
7.1 |
-11.1 |
-18.2 |
-9.0 |
8.6 |
|
Long-term debts repaid |
-0.8 |
-0.4 |
-0.4 |
-0.9 |
-1.5 |
|
Long-term debts issued |
6.2 |
- |
0.0 |
0.9 |
0.0 |
|
Treasury stock purchased |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Treasury stock sold |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Repayment of finance lease |
-0.6 |
-0.4 |
-0.2 |
0.0 |
- |
|
Cash dividends paid |
-2.9 |
-2.6 |
-2.5 |
-2.5 |
-2.0 |
|
Cash dividends paid to minority sharehol |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Cash from Financing Activities |
8.9 |
-14.6 |
-21.4 |
-11.6 |
5.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-0.8 |
-1.2 |
-0.5 |
-0.1 |
|
Net Change in Cash |
3.2 |
-5.7 |
19.9 |
14.9 |
-0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
59.7 |
59.8 |
36.4 |
17.4 |
15.9 |
|
Net Cash - Ending Balance |
62.9 |
54.1 |
56.3 |
32.3 |
15.6 |
|
Cash Interest Paid |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
Cash Taxes Paid |
15.8 |
7.5 |
12.1 |
-1.3 |
2.6 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
|
Revenue |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
|
Total Revenue |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
|
|
|
|
|
|
|
|
Cost of Revenue |
803.0 |
683.6 |
650.3 |
602.6 |
533.3 |
|
Cost of Revenue, Total |
803.0 |
683.6 |
650.3 |
602.6 |
533.3 |
|
Gross Profit |
129.7 |
119.8 |
107.2 |
91.0 |
75.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
67.5 |
60.3 |
55.5 |
50.1 |
44.1 |
|
Labor & Related Expense |
33.2 |
30.7 |
27.6 |
24.3 |
21.7 |
|
Total Selling/General/Administrative Expenses |
100.7 |
91.0 |
83.1 |
74.4 |
65.7 |
|
Impairment-Assets Held for Use |
0.3 |
2.6 |
1.9 |
0.3 |
0.8 |
|
Impairment-Assets Held for Sale |
0.4 |
1.3 |
0.2 |
0.6 |
0.0 |
|
Other Unusual Expense (Income) |
4.7 |
-0.9 |
0.1 |
3.0 |
0.3 |
|
Unusual Expense (Income) |
5.4 |
3.0 |
2.2 |
3.9 |
1.2 |
|
Total Operating Expense |
909.1 |
777.6 |
735.6 |
680.8 |
600.2 |
|
|
|
|
|
|
|
|
Operating Income |
23.6 |
25.8 |
21.9 |
12.7 |
8.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
|
Interest Expense, Net Non-Operating |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
|
Interest Income -
Non-Operating |
0.1 |
0.1 |
0.2 |
0.0 |
0.0 |
|
Investment Income -
Non-Operating |
0.2 |
-0.5 |
-1.0 |
0.0 |
0.0 |
|
Interest/Investment Income - Non-Operating |
0.4 |
-0.4 |
-0.8 |
0.0 |
0.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.7 |
-1.4 |
-2.4 |
-1.7 |
-1.7 |
|
Gain (Loss) on Sale of Assets |
0.0 |
0.5 |
0.2 |
0.0 |
2.0 |
|
Other Non-Operating Income (Expense) |
0.9 |
1.2 |
0.8 |
0.7 |
0.1 |
|
Other, Net |
0.9 |
1.2 |
0.8 |
0.7 |
0.1 |
|
Income Before Tax |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
10.1 |
9.9 |
8.9 |
6.7 |
6.4 |
|
Income After Tax |
13.7 |
16.2 |
11.7 |
5.0 |
2.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
-0.3 |
-0.9 |
0.1 |
-0.2 |
|
Net Income Before Extraord Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.4 |
|
Basic EPS Excl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Basic/Primary EPS Incl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
Diluted Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Diluted EPS Excl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Diluted EPS Incl Extraord Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Dividends per Share - Common Stock Primary Issue |
0.15 |
0.13 |
0.13 |
0.11 |
0.13 |
|
Gross Dividends - Common Stock |
2.9 |
2.6 |
2.5 |
2.2 |
2.5 |
|
Interest Expense, Supplemental |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
Depreciation, Supplemental |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Total Special Items |
5.4 |
2.5 |
2.0 |
3.9 |
-0.8 |
|
Normalized Income Before Tax |
29.2 |
28.6 |
22.6 |
15.6 |
7.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
2.3 |
0.9 |
0.8 |
2.3 |
-0.3 |
|
Inc Tax Ex Impact of Sp Items |
12.5 |
10.8 |
9.7 |
9.0 |
6.2 |
|
Normalized Income After Tax |
16.8 |
17.8 |
12.8 |
6.6 |
1.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
17.0 |
17.4 |
12.0 |
6.7 |
1.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Diluted Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Rental Expenses |
3.8 |
2.7 |
2.5 |
2.2 |
1.9 |
|
Reported Operating Profit |
29.0 |
28.8 |
24.1 |
16.6 |
9.3 |
|
Reported Ordinary Profit |
29.2 |
28.6 |
22.6 |
15.2 |
7.5 |
|
Normalized EBIT |
29.0 |
28.8 |
24.1 |
16.6 |
9.3 |
|
Normalized EBITDA |
47.1 |
44.7 |
38.7 |
31.4 |
22.2 |
|
Service Cost - Domestic |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Domestic Pension Plan Expense |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Defined Contribution Expense - Domestic |
0.7 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Total Pension Expense |
-0.3 |
2.5 |
2.3 |
2.5 |
1.4 |
|
Total Plan Service Cost |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Jan-2012 |
31-Oct-2011 |
31-Jul-2011 |
30-Apr-2011 |
31-Jan-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) |
77.449119 |
76.825323 |
80.284355 |
82.461648 |
82.811505 |
|
|
|
|
|
|
|
|
Net Sales |
273.2 |
236.6 |
224.6 |
238.0 |
233.3 |
|
Revenue |
273.2 |
236.6 |
224.6 |
238.0 |
233.3 |
|
Total Revenue |
273.2 |
236.6 |
224.6 |
238.0 |
233.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
234.8 |
206.2 |
195.9 |
201.9 |
199.2 |
|
Cost of Revenue, Total |
234.8 |
206.2 |
195.9 |
201.9 |
199.2 |
|
Gross Profit |
38.4 |
30.4 |
28.7 |
36.1 |
34.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
28.0 |
16.8 |
16.8 |
16.6 |
16.1 |
|
Labor & Related Expense |
- |
10.0 |
8.7 |
7.9 |
8.0 |
|
Total Selling/General/Administrative Expenses |
28.0 |
26.8 |
25.4 |
24.5 |
24.1 |
|
Impairment-Assets Held for Use |
0.2 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Impairment-Assets Held for Sale |
- |
0.5 |
- |
0.0 |
- |
|
Other Unusual Expense (Income) |
0.0 |
1.1 |
1.5 |
1.9 |
0.2 |
|
Unusual Expense (Income) |
0.2 |
1.6 |
1.5 |
2.0 |
0.3 |
|
Total Operating Expense |
263.0 |
234.6 |
222.9 |
228.3 |
223.6 |
|
|
|
|
|
|
|
|
Operating Income |
10.2 |
2.0 |
1.8 |
9.7 |
9.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.3 |
-0.3 |
-0.3 |
-0.2 |
-0.3 |
|
Interest Expense, Net Non-Operating |
-0.3 |
-0.3 |
-0.3 |
-0.2 |
-0.3 |
|
Interest Income -
Non-Operating |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Investment Income -
Non-Operating |
0.8 |
0.2 |
-0.5 |
0.5 |
0.3 |
|
Interest/Investment Income - Non-Operating |
0.8 |
0.2 |
-0.4 |
0.5 |
0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
0.5 |
-0.1 |
-0.7 |
0.3 |
0.0 |
|
Gain (Loss) on Sale of Assets |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Non-Operating Income (Expense) |
0.6 |
-0.2 |
0.2 |
0.2 |
0.4 |
|
Other, Net |
0.6 |
-0.2 |
0.2 |
0.2 |
0.4 |
|
Income Before Tax |
11.4 |
1.8 |
1.2 |
10.1 |
10.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
4.6 |
1.3 |
0.6 |
3.8 |
4.3 |
|
Income After Tax |
6.8 |
0.5 |
0.6 |
6.4 |
5.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
0.2 |
-0.1 |
0.0 |
0.1 |
|
Net Income Before Extraord Items |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
Net Income |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
|
|
|
|
|
|
|
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 |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Basic EPS Excl Extraord Items |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
Basic/Primary EPS Incl Extraord Items |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
Diluted Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Diluted EPS Excl Extraord Items |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
Diluted EPS Incl Extraord Items |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.08 |
0.00 |
0.07 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1.5 |
0.0 |
1.4 |
0.0 |
|
Interest Expense, Supplemental |
0.3 |
0.3 |
0.3 |
0.2 |
0.3 |
|
Depreciation, Supplemental |
4.6 |
4.8 |
4.5 |
4.5 |
4.3 |
|
Total Special Items |
0.1 |
1.6 |
1.5 |
2.0 |
0.3 |
|
Normalized Income Before Tax |
11.5 |
3.4 |
2.8 |
12.1 |
10.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.6 |
0.7 |
0.7 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
4.6 |
1.9 |
1.4 |
4.5 |
4.4 |
|
Normalized Income After Tax |
6.8 |
1.5 |
1.4 |
7.6 |
6.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
7.0 |
1.7 |
1.4 |
7.6 |
6.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.36 |
0.09 |
0.07 |
0.39 |
0.31 |
|
Diluted Normalized EPS |
0.36 |
0.09 |
0.07 |
0.39 |
0.31 |
|
Amort of Acquisition Costs, Supplemental |
0.0 |
- |
- |
- |
0.0 |
|
Reported Operating Profit |
10.4 |
3.6 |
3.3 |
11.7 |
10.0 |
|
Reported Ordinary Profit |
11.5 |
3.4 |
2.8 |
12.1 |
10.5 |
|
Normalized EBIT |
10.4 |
3.6 |
3.3 |
11.7 |
10.1 |
|
Normalized EBITDA |
15.0 |
8.4 |
7.8 |
16.2 |
14.3 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
77.975 |
80.55 |
90.52 |
98.35 |
115.285 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
65.0 |
59.7 |
58.7 |
34.9 |
16.2 |
|
Cash and Short Term Investments |
65.0 |
59.7 |
58.7 |
34.9 |
16.2 |
|
Accounts Receivable -
Trade, Gross |
186.3 |
185.3 |
167.1 |
154.3 |
136.9 |
|
Provision for Doubtful
Accounts |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.2 |
|
Trade Accounts Receivable - Net |
186.1 |
185.1 |
166.7 |
154.1 |
136.8 |
|
Total Receivables, Net |
186.1 |
185.1 |
166.7 |
154.1 |
136.8 |
|
Inventories - Finished Goods |
108.3 |
94.1 |
81.1 |
91.1 |
- |
|
Inventories - Work In Progress |
5.6 |
5.5 |
4.0 |
4.6 |
- |
|
Inventories - Raw Materials |
15.1 |
13.3 |
12.7 |
16.7 |
- |
|
Total Inventory |
129.1 |
112.9 |
97.9 |
112.4 |
95.8 |
|
Deferred Income Tax - Current Asset |
6.1 |
6.2 |
3.8 |
4.6 |
2.5 |
|
Other Current Assets |
9.1 |
12.8 |
5.9 |
6.3 |
9.6 |
|
Other Current Assets, Total |
15.2 |
18.9 |
9.7 |
11.0 |
12.1 |
|
Total Current Assets |
395.5 |
376.6 |
332.9 |
312.4 |
261.0 |
|
|
|
|
|
|
|
|
Buildings |
146.6 |
150.7 |
133.1 |
124.0 |
104.1 |
|
Land/Improvements |
28.9 |
21.8 |
19.9 |
18.6 |
15.4 |
|
Machinery/Equipment |
227.7 |
215.6 |
188.1 |
178.3 |
149.7 |
|
Construction in
Progress |
4.4 |
3.3 |
5.6 |
2.2 |
2.3 |
|
Leases |
3.3 |
3.2 |
1.7 |
0.0 |
- |
|
Other
Property/Plant/Equipment |
0.8 |
0.8 |
0.8 |
2.1 |
2.0 |
|
Property/Plant/Equipment - Gross |
411.7 |
395.4 |
349.2 |
325.2 |
273.5 |
|
Accumulated Depreciation |
-276.4 |
-265.3 |
-232.2 |
-213.1 |
-171.7 |
|
Property/Plant/Equipment - Net |
135.3 |
130.1 |
117.0 |
112.2 |
101.8 |
|
Intangibles, Net |
2.1 |
2.2 |
2.3 |
1.7 |
1.5 |
|
LT Investment - Affiliate Companies |
4.1 |
4.1 |
3.7 |
2.0 |
1.7 |
|
LT Investments - Other |
19.2 |
18.2 |
17.6 |
16.8 |
20.7 |
|
Long Term Investments |
23.4 |
22.3 |
21.3 |
18.9 |
22.4 |
|
Deferred Income Tax - Long Term Asset |
1.4 |
1.9 |
0.8 |
0.7 |
0.0 |
|
Other Long Term Assets |
8.2 |
7.4 |
7.7 |
7.1 |
6.7 |
|
Other Long Term Assets, Total |
9.5 |
9.3 |
8.5 |
7.7 |
6.8 |
|
Total Assets |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
102.8 |
102.6 |
95.5 |
82.2 |
75.5 |
|
Accrued Expenses |
8.7 |
9.2 |
6.4 |
6.1 |
5.1 |
|
Notes Payable/Short Term Debt |
115.0 |
105.4 |
105.1 |
114.4 |
106.8 |
|
Current Portion - Long Term Debt/Capital Leases |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
Income Taxes Payable |
4.2 |
10.5 |
4.1 |
7.4 |
0.3 |
|
Other Payables |
16.8 |
13.3 |
12.8 |
9.1 |
8.0 |
|
Other Current Liabilities |
12.7 |
12.3 |
13.1 |
12.7 |
6.1 |
|
Other Current liabilities, Total |
33.7 |
36.1 |
30.1 |
29.2 |
14.4 |
|
Total Current Liabilities |
261.5 |
253.5 |
237.4 |
232.3 |
202.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Total Long Term Debt |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Total Debt |
120.7 |
105.5 |
105.5 |
115.3 |
107.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.2 |
0.0 |
0.6 |
0.6 |
2.9 |
|
Deferred Income Tax |
0.2 |
0.0 |
0.6 |
0.6 |
2.9 |
|
Minority Interest |
8.9 |
9.2 |
8.0 |
7.9 |
7.0 |
|
Pension Benefits - Underfunded |
5.6 |
10.2 |
8.8 |
7.5 |
2.8 |
|
Other Long Term Liabilities |
2.6 |
3.2 |
2.6 |
0.3 |
0.3 |
|
Other Liabilities, Total |
8.2 |
13.4 |
11.3 |
7.9 |
3.1 |
|
Total Liabilities |
283.2 |
276.1 |
257.4 |
249.2 |
215.5 |
|
|
|
|
|
|
|
|
Common Stock |
43.3 |
42.0 |
37.3 |
34.4 |
29.3 |
|
Common Stock |
43.3 |
42.0 |
37.3 |
34.4 |
29.3 |
|
Additional Paid-In Capital |
39.0 |
37.8 |
33.6 |
30.9 |
26.4 |
|
Retained Earnings (Accumulated Deficit) |
229.2 |
210.9 |
174.6 |
152.7 |
127.9 |
|
Treasury Stock - Common |
-16.7 |
-16.1 |
-14.4 |
-13.2 |
-11.2 |
|
Unrealized Gain (Loss) |
0.3 |
-0.3 |
0.2 |
-0.6 |
5.0 |
|
Translation Adjustment |
-12.7 |
-9.9 |
-6.9 |
-0.5 |
0.7 |
|
Other Equity, Total |
-12.7 |
-9.9 |
-6.9 |
-0.5 |
0.7 |
|
Total Equity |
282.5 |
264.4 |
224.5 |
203.7 |
178.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Total Common Shares Outstanding |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Treasury Shares - Common Stock Primary Issue |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Employees |
1,045 |
1,042 |
1,028 |
1,034 |
1,039 |
|
Number of Common Shareholders |
- |
4,930 |
3,385 |
3,404 |
3,382 |
|
Total Long Term Debt, Supplemental |
5.8 |
0.1 |
0.5 |
0.9 |
0.7 |
|
Long Term Debt Maturing within 1 Year |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
Long Term Debt Maturing in Year 2 |
1.3 |
0.0 |
0.1 |
0.3 |
0.1 |
|
Long Term Debt Maturing in Year 3 |
1.3 |
0.0 |
0.0 |
0.1 |
- |
|
Long Term Debt Maturing in Year 4 |
1.3 |
- |
- |
- |
- |
|
Long Term Debt Maturing in Year 5 |
0.6 |
- |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
2.6 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Long Term Debt Maturing in 4-5 Years |
1.9 |
- |
- |
- |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
2.2 |
2.7 |
1.6 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.6 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.6 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.6 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.3 |
0.6 |
0.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.3 |
0.3 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.2 |
1.2 |
0.6 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.3 |
0.9 |
0.6 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
0.0 |
0.1 |
- |
- |
|
Pension Obligation - Domestic |
19.8 |
27.8 |
23.8 |
22.4 |
18.9 |
|
Plan Assets - Domestic |
16.7 |
21.6 |
19.0 |
18.3 |
16.3 |
|
Funded Status - Domestic |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Total Funded Status |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Prepaid Benefits - Domestic |
0.1 |
- |
0.1 |
0.2 |
0.2 |
|
Accrued Liabilities - Domestic |
-3.2 |
-6.2 |
-4.9 |
-4.3 |
-2.8 |
|
Net Assets Recognized on Balance Sheet |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Total Plan Obligations |
19.8 |
27.8 |
23.8 |
22.4 |
18.9 |
|
Total Plan Assets |
16.7 |
21.6 |
19.0 |
18.3 |
16.3 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Jan-2012 |
31-Oct-2011 |
31-Jul-2011 |
30-Apr-2011 |
31-Jan-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
76.317126 |
77.975 |
77.19 |
81.14 |
81.93 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
80.3 |
65.0 |
51.5 |
52.0 |
56.7 |
|
Cash and Short Term Investments |
80.3 |
65.0 |
51.5 |
52.0 |
56.7 |
|
Accounts Receivable -
Trade, Gross |
206.7 |
186.3 |
190.9 |
199.4 |
182.1 |
|
Provision for Doubtful
Accounts |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Trade Accounts Receivable - Net |
206.3 |
186.1 |
190.7 |
199.2 |
181.9 |
|
Total Receivables, Net |
206.3 |
186.1 |
190.7 |
199.2 |
181.9 |
|
Inventories - Finished Goods |
122.1 |
108.3 |
114.1 |
98.0 |
93.1 |
|
Inventories - Work In Progress |
4.8 |
5.6 |
5.1 |
10.6 |
4.7 |
|
Inventories - Raw Materials |
36.9 |
15.1 |
18.0 |
24.8 |
40.6 |
|
Total Inventory |
163.8 |
129.1 |
137.2 |
133.4 |
138.4 |
|
Deferred Income Tax - Current Asset |
3.8 |
6.1 |
3.7 |
4.0 |
2.6 |
|
Other Current Assets |
23.9 |
9.1 |
7.7 |
10.3 |
17.1 |
|
Other Current Assets, Total |
27.7 |
15.2 |
11.4 |
14.3 |
19.7 |
|
Total Current Assets |
478.1 |
395.5 |
390.8 |
398.8 |
396.7 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
138.7 |
135.3 |
138.9 |
132.1 |
131.5 |
|
Intangibles, Net |
2.2 |
2.1 |
2.2 |
2.2 |
2.1 |
|
LT Investments - Other |
19.1 |
19.2 |
18.4 |
17.7 |
18.5 |
|
Long Term Investments |
19.1 |
19.2 |
18.4 |
17.7 |
18.5 |
|
Deferred Income Tax - Long Term Asset |
1.8 |
1.4 |
2.2 |
1.9 |
1.9 |
|
Other Long Term Assets |
8.9 |
12.3 |
12.7 |
11.9 |
11.8 |
|
Other Long Term Assets, Total |
10.7 |
13.6 |
14.9 |
13.8 |
13.7 |
|
Total Assets |
648.9 |
565.7 |
565.2 |
564.6 |
562.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
141.9 |
102.8 |
113.6 |
114.3 |
120.0 |
|
Accrued Expenses |
3.7 |
8.7 |
4.1 |
6.2 |
3.6 |
|
Notes Payable/Short Term Debt |
151.3 |
115.0 |
106.9 |
112.0 |
123.1 |
|
Current Portion - Long Term Debt/Capital Leases |
1.3 |
1.3 |
1.3 |
1.2 |
0.0 |
|
Income Taxes Payable |
2.5 |
4.2 |
0.6 |
7.3 |
2.2 |
|
Other Current Liabilities |
32.0 |
29.5 |
29.5 |
26.2 |
28.5 |
|
Other Current liabilities, Total |
34.5 |
33.7 |
30.2 |
33.5 |
30.8 |
|
Total Current Liabilities |
332.8 |
261.5 |
256.0 |
267.3 |
277.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
4.2 |
4.5 |
4.8 |
4.9 |
- |
|
Total Long Term Debt |
4.2 |
4.5 |
4.8 |
4.9 |
0.0 |
|
Total Debt |
156.9 |
120.7 |
113.0 |
118.2 |
123.1 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Deferred Income Tax |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Minority Interest |
8.9 |
8.9 |
9.5 |
9.1 |
9.0 |
|
Pension Benefits - Underfunded |
5.5 |
5.6 |
6.2 |
5.6 |
8.5 |
|
Other Long Term Liabilities |
2.4 |
2.6 |
2.9 |
3.0 |
3.2 |
|
Other Liabilities, Total |
7.9 |
8.2 |
9.0 |
8.6 |
11.7 |
|
Total Liabilities |
354.2 |
283.2 |
279.5 |
290.0 |
298.2 |
|
|
|
|
|
|
|
|
Common Stock |
44.3 |
43.3 |
43.8 |
41.7 |
41.3 |
|
Common Stock |
44.3 |
43.3 |
43.8 |
41.7 |
41.3 |
|
Additional Paid-In Capital |
39.9 |
39.0 |
39.4 |
37.5 |
37.1 |
|
Retained Earnings (Accumulated Deficit) |
238.9 |
229.2 |
230.8 |
220.5 |
211.9 |
|
Treasury Stock - Common |
-17.0 |
-16.7 |
-16.8 |
-16.0 |
-15.9 |
|
Unrealized Gain (Loss) |
0.4 |
0.3 |
-0.5 |
0.6 |
0.8 |
|
Translation Adjustment |
-11.8 |
-12.7 |
-11.0 |
-9.6 |
-10.9 |
|
Other Equity, Total |
-11.8 |
-12.7 |
-11.0 |
-9.6 |
-10.9 |
|
Total Equity |
294.7 |
282.5 |
285.7 |
274.6 |
264.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
648.9 |
565.7 |
565.2 |
564.6 |
562.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Total Common Shares Outstanding |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Treasury Shares - Common Stock Primary Issue |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Employees |
- |
1,045 |
1,060 |
1,060 |
1,029 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
|
Depreciation |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Depreciation/Depletion |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Unusual Items |
2.5 |
0.5 |
0.8 |
0.0 |
-1.6 |
|
Other Non-Cash Items |
-4.1 |
1.4 |
2.9 |
6.4 |
0.2 |
|
Non-Cash Items |
-1.5 |
1.9 |
3.7 |
6.4 |
-1.4 |
|
Accounts Receivable |
4.3 |
1.6 |
-1.4 |
4.7 |
-7.4 |
|
Inventories |
-12.7 |
-3.2 |
21.7 |
-0.8 |
-11.5 |
|
Accounts Payable |
-2.9 |
-3.7 |
6.7 |
-5.2 |
1.1 |
|
Other Operating Cash Flow |
-11.9 |
-10.0 |
-8.5 |
3.8 |
-4.0 |
|
Changes in Working Capital |
-23.3 |
-15.4 |
18.6 |
2.6 |
-21.8 |
|
Cash from Operating Activities |
17.0 |
28.6 |
57.4 |
35.5 |
-1.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-20.5 |
-19.2 |
-13.3 |
-8.9 |
-12.6 |
|
Capital Expenditures |
-20.5 |
-19.2 |
-13.3 |
-8.9 |
-12.6 |
|
Sale of Fixed Assets |
0.0 |
0.9 |
0.5 |
0.0 |
5.1 |
|
Sale/Maturity of Investment |
- |
0.0 |
0.4 |
0.6 |
4.7 |
|
Purchase of Investments |
-1.0 |
-0.1 |
-1.8 |
-0.3 |
-0.7 |
|
Other Investing Cash Flow |
-0.4 |
-0.5 |
-0.7 |
0.0 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-1.4 |
0.2 |
-1.7 |
0.4 |
9.1 |
|
Cash from Investing Activities |
-21.9 |
-19.0 |
-14.9 |
-8.5 |
-3.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Financing Cash Flow Items |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Cash Dividends Paid - Common |
-2.9 |
-2.6 |
-2.5 |
-2.5 |
-2.0 |
|
Total Cash Dividends Paid |
-2.9 |
-2.6 |
-2.5 |
-2.5 |
-2.0 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
-0.1 |
0.2 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
-0.1 |
0.2 |
|
Short Term Debt, Net |
7.1 |
-11.1 |
-18.2 |
-9.0 |
8.6 |
|
Long Term Debt Issued |
6.2 |
- |
0.0 |
0.9 |
0.0 |
|
Long Term Debt
Reduction |
-1.4 |
-0.7 |
-0.6 |
-0.9 |
-1.5 |
|
Long Term Debt, Net |
4.9 |
-0.7 |
-0.6 |
0.0 |
-1.5 |
|
Issuance (Retirement) of Debt, Net |
11.9 |
-11.8 |
-18.8 |
-9.0 |
7.1 |
|
Cash from Financing Activities |
8.9 |
-14.6 |
-21.4 |
-11.6 |
5.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-0.8 |
-1.2 |
-0.5 |
-0.1 |
|
Net Change in Cash |
3.2 |
-5.7 |
19.9 |
14.9 |
-0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
59.7 |
59.8 |
36.4 |
17.4 |
15.9 |
|
Net Cash - Ending Balance |
62.9 |
54.1 |
56.3 |
32.3 |
15.6 |
|
Cash Interest Paid |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
Cash Taxes Paid |
15.8 |
7.5 |
12.1 |
-1.3 |
2.6 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Jul-2011 |
30-Apr-2011 |
31-Jan-2011 |
31-Oct-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
81.848777 |
82.632842 |
82.811505 |
88.894536 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
23.8 |
21.7 |
20.3 |
10.2 |
26.1 |
|
Depreciation |
18.1 |
13.3 |
8.8 |
4.3 |
16.0 |
|
Depreciation/Depletion |
18.1 |
13.3 |
8.8 |
4.3 |
16.0 |
|
Unusual Items |
2.5 |
1.5 |
- |
- |
0.5 |
|
Other Non-Cash Items |
-4.1 |
-8.5 |
-6.7 |
-6.8 |
1.4 |
|
Non-Cash Items |
-1.5 |
-7.0 |
-6.7 |
-6.8 |
1.9 |
|
Accounts Receivable |
4.3 |
2.0 |
-15.2 |
-0.1 |
1.6 |
|
Inventories |
-12.7 |
-18.5 |
-20.9 |
-27.3 |
-3.2 |
|
Other Assets |
- |
5.3 |
2.5 |
- |
- |
|
Accounts Payable |
-2.9 |
6.2 |
12.2 |
20.9 |
-3.7 |
|
Other Operating Cash Flow |
-11.9 |
-15.7 |
-9.1 |
-13.4 |
-10.0 |
|
Changes in Working Capital |
-23.3 |
-20.6 |
-30.4 |
-19.9 |
-15.4 |
|
Cash from Operating Activities |
17.0 |
7.4 |
-8.0 |
-12.3 |
28.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-20.5 |
-16.8 |
-10.3 |
-7.0 |
-19.2 |
|
Capital Expenditures |
-20.5 |
-16.8 |
-10.3 |
-7.0 |
-19.2 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Sale/Maturity of Investment |
- |
- |
- |
- |
0.0 |
|
Purchase of Investments |
-1.0 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Other Investing Cash Flow |
-0.4 |
-0.3 |
0.0 |
0.0 |
-0.5 |
|
Other Investing Cash Flow Items, Total |
-1.4 |
-0.4 |
0.0 |
0.0 |
0.2 |
|
Cash from Investing Activities |
-21.9 |
-17.2 |
-10.3 |
-7.0 |
-19.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
-0.1 |
- |
- |
-0.1 |
|
Financing Cash Flow Items |
-0.1 |
-0.1 |
- |
- |
-0.1 |
|
Cash Dividends Paid - Common |
-2.9 |
-2.9 |
-1.4 |
-1.4 |
-2.6 |
|
Total Cash Dividends Paid |
-2.9 |
-2.9 |
-1.4 |
-1.4 |
-2.6 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Short Term Debt, Net |
7.1 |
-2.4 |
6.9 |
19.2 |
-11.1 |
|
Long Term Debt Issued |
6.2 |
6.1 |
6.1 |
- |
- |
|
Long Term Debt
Reduction |
-1.4 |
-0.9 |
-0.4 |
-0.2 |
-0.7 |
|
Long Term Debt, Net |
4.9 |
5.2 |
5.6 |
-0.2 |
-0.7 |
|
Issuance (Retirement) of Debt, Net |
11.9 |
2.8 |
12.5 |
19.0 |
-11.8 |
|
Cash from Financing Activities |
8.9 |
-0.1 |
11.1 |
17.5 |
-14.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-0.3 |
0.1 |
-0.2 |
-0.8 |
|
Net Change in Cash |
3.2 |
-10.2 |
-7.2 |
-1.9 |
-5.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
59.7 |
58.8 |
58.2 |
58.1 |
59.8 |
|
Net Cash - Ending Balance |
62.9 |
48.6 |
51.0 |
56.1 |
54.1 |
|
Cash Interest Paid |
1.1 |
0.8 |
0.5 |
0.3 |
1.1 |
|
Cash Taxes Paid |
15.8 |
15.7 |
9.4 |
9.4 |
7.5 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
|
Total Revenue |
932.7 |
803.4 |
757.5 |
693.6 |
608.4 |
|
|
|
|
|
|
|
|
Cost of Sales |
803.0 |
683.6 |
650.3 |
602.6 |
533.3 |
|
Packing & freight-out costs |
26.0 |
23.1 |
21.5 |
19.7 |
17.1 |
|
Storage Charges |
8.9 |
7.6 |
7.4 |
6.4 |
5.8 |
|
Payrolls |
27.0 |
24.3 |
22.3 |
19.8 |
17.7 |
|
Provision for bonuses |
4.5 |
4.2 |
3.4 |
3.3 |
2.8 |
|
Provision for director's bonuses |
0.5 |
0.5 |
0.4 |
0.3 |
0.3 |
|
Periodic retirement benefit costs |
0.8 |
1.4 |
1.1 |
0.9 |
0.8 |
|
Reserve for officers retirement |
0.4 |
0.4 |
0.4 |
- |
- |
|
Traveling expenses |
3.8 |
3.4 |
3.1 |
2.9 |
2.7 |
|
Rent expenses |
3.8 |
2.7 |
2.5 |
2.2 |
1.9 |
|
Taxes, other than income taxes |
0.7 |
0.5 |
0.4 |
0.4 |
0.4 |
|
Provision for doubtful accounts(SGA) |
- |
- |
- |
- |
0.0 |
|
Other general expenses |
24.2 |
23.0 |
20.5 |
18.5 |
16.1 |
|
SP Subsidy |
0.0 |
-0.8 |
0.0 |
- |
- |
|
SP G on reversal of directors' retire. |
- |
- |
0.0 |
-0.1 |
0.0 |
|
SP Rev-Allow Doubt Acc. |
-0.1 |
-0.2 |
0.0 |
0.0 |
0.0 |
|
SP Loss Val Inv.Secs. |
0.4 |
1.3 |
0.2 |
0.5 |
0.0 |
|
SP Loss Retire Fix Asset |
0.3 |
1.6 |
0.9 |
0.2 |
0.4 |
|
SP Director Retire Bnft |
- |
- |
- |
0.0 |
0.1 |
|
SP Reserve directors' retir.bene. |
- |
- |
0.0 |
3.0 |
0.0 |
|
SP Retirement Benefit |
- |
- |
- |
0.0 |
0.3 |
|
SP Allow Doubt Acc. |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Impairment loss |
0.0 |
1.0 |
1.0 |
0.0 |
0.4 |
|
SP L on val. of inv't in related company |
- |
- |
0.0 |
0.1 |
- |
|
Loss on disaster |
2.0 |
- |
- |
- |
- |
|
SP Scrapping bldgs of company |
2.5 |
- |
- |
- |
- |
|
SP Other Special Loss |
0.3 |
0.0 |
0.1 |
0.0 |
- |
|
Total Operating Expense |
909.1 |
777.6 |
735.6 |
680.8 |
600.2 |
|
|
|
|
|
|
|
|
SP Gain Sale Inv.Secs. |
- |
0.0 |
0.0 |
0.1 |
0.2 |
|
SP Gain Sale Fix.Assets |
0.0 |
0.5 |
0.3 |
0.0 |
2.0 |
|
SP G on sale of affiliated securities |
- |
- |
0.0 |
0.3 |
0.0 |
|
SP Loss Sale Inv.Secs. |
- |
0.0 |
-0.1 |
0.0 |
- |
|
SP Loss Sale Fix.Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Interest Income |
0.1 |
0.1 |
0.2 |
0.0 |
0.0 |
|
NOP Dividend Income |
0.4 |
0.3 |
0.3 |
0.4 |
0.4 |
|
NOP Exchange Gain |
- |
- |
- |
- |
0.0 |
|
NOP G on allotment of stocks |
0.0 |
0.3 |
0.0 |
- |
- |
|
NOP Insurance Dividend |
0.2 |
0.1 |
0.1 |
0.0 |
0.1 |
|
NOP Insurance Matured |
0.2 |
0.4 |
0.7 |
0.3 |
0.8 |
|
NOP Sales Commission Inc |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Equity Gain |
0.4 |
0.3 |
0.3 |
0.3 |
0.0 |
|
NOP Compensation Income |
0.0 |
0.1 |
0.3 |
0.0 |
- |
|
NOP Subsidy income |
- |
- |
- |
- |
0.0 |
|
NOP Other Income |
0.8 |
0.6 |
0.4 |
0.7 |
0.4 |
|
NOP Interest Expense |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
|
NOP Exchange Loss |
-0.8 |
-1.2 |
-1.7 |
-1.1 |
0.0 |
|
NOP Damage Compensation |
- |
-0.1 |
-0.6 |
0.0 |
- |
|
NOP Equity loss |
- |
- |
- |
0.0 |
-0.7 |
|
NOP L on product recall |
- |
- |
- |
0.0 |
-0.9 |
|
NOP Other Expense |
-0.2 |
0.0 |
0.0 |
-0.2 |
-0.2 |
|
Net Income Before Taxes |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
10.1 |
9.9 |
8.9 |
6.7 |
6.4 |
|
Net Income After Taxes |
13.7 |
16.2 |
11.7 |
5.0 |
2.1 |
|
|
|
|
|
|
|
|
Minority interests in income |
0.2 |
-0.3 |
-0.9 |
0.1 |
-0.2 |
|
Net Income Before Extra. Items |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Basic EPS Including ExtraOrdinary Item |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
13.9 |
15.9 |
10.9 |
5.1 |
1.9 |
|
Diluted Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
Diluted EPS Including ExtraOrd Items |
0.71 |
0.82 |
0.56 |
0.26 |
0.10 |
|
DPS-Common Stock |
0.15 |
0.13 |
0.13 |
0.11 |
0.13 |
|
Gross Dividends - Common Stock |
2.9 |
2.6 |
2.5 |
2.2 |
2.5 |
|
Normalized Income Before Taxes |
29.2 |
28.6 |
22.6 |
15.6 |
7.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
12.5 |
10.8 |
9.7 |
9.0 |
6.2 |
|
Normalized Income After Taxes |
16.8 |
17.8 |
12.8 |
6.6 |
1.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
17.0 |
17.4 |
12.0 |
6.7 |
1.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Diluted Normalized EPS |
0.87 |
0.90 |
0.62 |
0.34 |
0.07 |
|
Interest Expense |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
Rental Expense |
3.8 |
2.7 |
2.5 |
2.2 |
1.9 |
|
Depreciation |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Reported Operating Profit |
29.0 |
28.8 |
24.1 |
16.6 |
9.3 |
|
Reported Ordinary Profit |
29.2 |
28.6 |
22.6 |
15.2 |
7.5 |
|
Service Cost |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Domestic Pension Plan Expense |
-1.0 |
2.2 |
1.9 |
2.2 |
1.2 |
|
Defined Contribution Expense |
0.7 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Total Pension Expense |
-0.3 |
2.5 |
2.3 |
2.5 |
1.4 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Jan-2012 |
31-Oct-2011 |
31-Jul-2011 |
30-Apr-2011 |
31-Jan-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) |
77.449119 |
76.825323 |
80.284355 |
82.461648 |
82.811505 |
|
|
|
|
|
|
|
|
Net Sales |
273.2 |
236.6 |
224.6 |
238.0 |
233.3 |
|
Total Revenue |
273.2 |
236.6 |
224.6 |
238.0 |
233.3 |
|
|
|
|
|
|
|
|
Cost of Sales |
234.8 |
206.2 |
195.9 |
201.9 |
199.2 |
|
Total SGA expenses |
28.0 |
- |
- |
- |
- |
|
Packing & freight-out costs |
- |
6.8 |
6.1 |
6.6 |
6.6 |
|
Storage Charges |
- |
2.5 |
2.2 |
2.0 |
2.1 |
|
Salaries |
- |
9.7 |
5.9 |
6.0 |
5.5 |
|
Allowance for Bonus |
- |
- |
2.1 |
1.5 |
1.7 |
|
Allowance for Director Bonus |
- |
0.2 |
0.2 |
- |
0.2 |
|
Accrued Retire Exp. |
- |
- |
0.4 |
0.3 |
0.4 |
|
Accrued Director's Retire Exp. |
- |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other general expenses |
- |
7.6 |
8.4 |
8.0 |
7.4 |
|
SP Subsidy income |
- |
0.0 |
- |
0.0 |
- |
|
SP Reversal of reserve for doubt. accts |
- |
0.0 |
0.0 |
-0.1 |
0.0 |
|
SP Other Gains |
- |
- |
- |
0.0 |
- |
|
SP L on val. of LT inv't. secs. |
- |
0.5 |
- |
0.0 |
- |
|
SP Assets impairment losses |
- |
0.0 |
- |
0.0 |
- |
|
SP L. on retire. of fixed assets |
0.2 |
0.0 |
0.1 |
0.1 |
0.1 |
|
SP L-adjust for change of accts assets. |
0.0 |
- |
- |
- |
0.2 |
|
SP L on disaser |
- |
0.0 |
- |
2.0 |
- |
|
SP Head office disjoint cost |
- |
1.1 |
1.5 |
- |
- |
|
SP Other Losses |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Total Operating Expense |
263.0 |
234.6 |
222.9 |
228.3 |
223.6 |
|
|
|
|
|
|
|
|
SP Gain Sale Fix.Assets |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Interest Income |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
NOP Dividend Income |
0.2 |
0.0 |
0.2 |
0.0 |
0.1 |
|
NOP Equity Gain |
0.0 |
0.1 |
0.0 |
0.0 |
0.2 |
|
NOP Exchange Gain |
0.6 |
0.0 |
- |
0.4 |
- |
|
NOP Insurance income |
0.1 |
0.0 |
- |
0.0 |
0.2 |
|
NOP Compensation Income |
- |
0.0 |
- |
- |
- |
|
NOP Other income |
0.5 |
- |
0.2 |
0.3 |
0.2 |
|
NOP Interest Expense |
-0.3 |
-0.3 |
-0.3 |
-0.2 |
-0.3 |
|
NOP Exchange Loss |
0.0 |
- |
-0.7 |
- |
0.0 |
|
NOP Equity Loss |
-0.1 |
- |
- |
- |
- |
|
NOP Other expense |
0.0 |
-0.2 |
0.0 |
-0.1 |
0.0 |
|
Net Income Before Taxes |
11.4 |
1.8 |
1.2 |
10.1 |
10.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
4.6 |
1.3 |
0.6 |
3.8 |
4.3 |
|
Net Income After Taxes |
6.8 |
0.5 |
0.6 |
6.4 |
5.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
0.2 |
-0.1 |
0.0 |
0.1 |
|
Net Income Before Extra. Items |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
Net Income |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
|
|
|
|
|
|
|
Earning Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
Basic EPS Including ExtraOrdinary Item |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
7.0 |
0.7 |
0.6 |
6.4 |
6.0 |
|
Diluted Weighted Average Shares |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
Diluted EPS Including ExtraOrd Items |
0.36 |
0.04 |
0.03 |
0.33 |
0.31 |
|
DPS-Common Stock |
0.00 |
0.08 |
0.00 |
0.07 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1.5 |
0.0 |
1.4 |
0.0 |
|
Normalized Income Before Taxes |
11.5 |
3.4 |
2.8 |
12.1 |
10.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.6 |
1.9 |
1.4 |
4.5 |
4.4 |
|
Normalized Income After Taxes |
6.8 |
1.5 |
1.4 |
7.6 |
6.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
7.0 |
1.7 |
1.4 |
7.6 |
6.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.36 |
0.09 |
0.07 |
0.39 |
0.31 |
|
Diluted Normalized EPS |
0.36 |
0.09 |
0.07 |
0.39 |
0.31 |
|
Interest Expense |
0.3 |
0.3 |
0.3 |
0.2 |
0.3 |
|
Amortization of negative goodwill |
0.0 |
- |
- |
- |
0.0 |
|
Depreciation |
4.6 |
4.8 |
4.5 |
4.5 |
4.3 |
|
Reported Operating Profit |
10.4 |
3.6 |
3.3 |
11.7 |
10.0 |
|
Reported Ordinary Profit |
11.5 |
3.4 |
2.8 |
12.1 |
10.5 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
77.975 |
80.55 |
90.52 |
98.35 |
115.285 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & deposits |
65.0 |
59.7 |
58.7 |
34.9 |
16.2 |
|
Accounts & notes receivable, gross |
186.3 |
185.3 |
167.1 |
154.3 |
136.9 |
|
Inventories - total |
- |
- |
- |
- |
95.8 |
|
Inventories - merchandise&finished goods |
108.3 |
94.1 |
81.1 |
91.1 |
- |
|
Work in process |
5.6 |
5.5 |
4.0 |
4.6 |
- |
|
Inventories - raw materials&supplies |
15.1 |
13.3 |
12.7 |
16.7 |
- |
|
Deferred income taxes (current) |
6.1 |
6.2 |
3.8 |
4.6 |
2.5 |
|
Current assets other |
9.1 |
12.8 |
5.9 |
6.3 |
9.6 |
|
Allow.doubt.accounts (current) |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.2 |
|
Total Current Assets |
395.5 |
376.6 |
332.9 |
312.4 |
261.0 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
146.6 |
150.7 |
133.1 |
124.0 |
104.1 |
|
Accum. depr - bldg&struc |
-92.9 |
-95.7 |
-82.9 |
-73.9 |
-59.8 |
|
Machineries, equip., & vehicle, gross |
217.5 |
205.5 |
178.4 |
168.8 |
141.7 |
|
Accum. depr - machin&vehicles |
-173.4 |
-159.8 |
-140.6 |
-129.8 |
-104.3 |
|
Tools, furniture, & fixtures, gross |
10.2 |
10.1 |
9.7 |
9.5 |
8.0 |
|
Accum. depr - tools, furn, fixtur |
-8.4 |
-8.7 |
-8.0 |
-7.7 |
-6.1 |
|
Land |
28.9 |
21.8 |
19.9 |
18.6 |
15.4 |
|
Lease |
3.3 |
3.2 |
1.7 |
0.0 |
- |
|
Accum. depr - Lease |
-1.2 |
-0.6 |
-0.2 |
0.0 |
- |
|
Construction-in-progress |
4.4 |
3.3 |
5.6 |
2.2 |
2.3 |
|
Other, prop., plants, & equip., gross |
0.8 |
0.8 |
0.8 |
2.1 |
2.0 |
|
Accum. depr - other PPE |
-0.5 |
-0.5 |
-0.4 |
-1.6 |
-1.5 |
|
Software rights |
0.6 |
0.7 |
0.8 |
0.2 |
0.2 |
|
Other intangible assets |
1.5 |
1.5 |
1.4 |
1.5 |
1.3 |
|
Long-term investment in securities |
19.2 |
18.2 |
17.6 |
16.8 |
20.7 |
|
Inv't partnership-nonconsol.affil. |
4.1 |
4.1 |
3.7 |
2.0 |
1.7 |
|
Prepaid life insurance |
4.8 |
4.6 |
4.7 |
4.4 |
3.8 |
|
Deferred inc. taxes (non-current) |
1.4 |
1.9 |
0.8 |
0.7 |
0.0 |
|
Other assets |
4.3 |
3.9 |
3.9 |
3.5 |
3.6 |
|
Allow.doubt.accounts (non-current) |
-0.9 |
-1.0 |
-0.9 |
-0.8 |
-0.6 |
|
Total Assets |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
Trade accounts & notes payable |
102.8 |
102.6 |
95.5 |
82.2 |
75.5 |
|
Short-term borrowings |
115.0 |
105.4 |
105.1 |
114.4 |
106.8 |
|
LT borrowings (current) |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
Other accounts payable |
16.8 |
13.3 |
12.8 |
9.1 |
8.0 |
|
Income taxes payable |
4.2 |
10.5 |
4.1 |
7.4 |
0.3 |
|
Reserve for bonuses |
8.2 |
8.7 |
6.0 |
5.7 |
4.8 |
|
Provision for directors'' bonuses |
0.6 |
0.5 |
0.4 |
0.3 |
0.3 |
|
Other current liabilities |
12.7 |
12.3 |
13.1 |
12.7 |
6.1 |
|
Total Current Liabilities |
261.5 |
253.5 |
237.4 |
232.3 |
202.4 |
|
|
|
|
|
|
|
|
LT borrowings |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
Total Long Term Debt |
4.5 |
0.0 |
0.1 |
0.4 |
0.1 |
|
|
|
|
|
|
|
|
Provision for retirement benefits |
3.2 |
6.2 |
4.9 |
4.3 |
2.8 |
|
Reserve for officers' retirement |
2.5 |
4.0 |
3.8 |
3.2 |
0.0 |
|
Deferred tax liabilities (non-current) |
0.2 |
0.0 |
0.6 |
0.6 |
2.9 |
|
Other LT liabilities |
2.6 |
3.2 |
2.6 |
0.3 |
0.3 |
|
Minority interests |
8.9 |
9.2 |
8.0 |
7.9 |
7.0 |
|
Total Liabilities |
283.2 |
276.1 |
257.4 |
249.2 |
215.5 |
|
|
|
|
|
|
|
|
Common Stock |
43.3 |
42.0 |
37.3 |
34.4 |
29.3 |
|
Paid-in Capital |
39.0 |
37.8 |
33.6 |
30.9 |
26.4 |
|
Retained Earning |
229.2 |
210.9 |
174.6 |
152.7 |
127.9 |
|
Reserve by val. of investment sec. |
1.2 |
1.4 |
1.5 |
1.5 |
4.7 |
|
Cumulative translation adjustments |
-12.7 |
-9.9 |
-6.9 |
-0.5 |
0.7 |
|
Deferred hedge gain/loss |
-0.9 |
-1.6 |
-1.4 |
-2.1 |
0.3 |
|
Treasury Stock |
-16.7 |
-16.1 |
-14.4 |
-13.2 |
-11.2 |
|
Total Equity |
282.5 |
264.4 |
224.5 |
203.7 |
178.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
565.7 |
540.5 |
482.0 |
452.9 |
393.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Total Common Shares Outstanding |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
T/S-Common Stock |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Full-Time Employees |
1,045 |
1,042 |
1,028 |
1,034 |
1,039 |
|
Number of Common Shareholders |
- |
4,930 |
3,385 |
3,404 |
3,382 |
|
LT Debt due within 1 Yr. |
1.3 |
0.1 |
0.4 |
0.4 |
0.6 |
|
LT Debt due within 2 Yr. |
1.3 |
0.0 |
0.1 |
0.3 |
0.1 |
|
LT Debt due within 3 Yr. |
1.3 |
0.0 |
0.0 |
0.1 |
- |
|
Long Term Debt Maturing in Year 4 |
1.3 |
- |
- |
- |
- |
|
Long Term Debt Maturing in Year 5 |
0.6 |
- |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
5.8 |
0.1 |
0.5 |
0.9 |
0.7 |
|
Lease due within 1 Yr. |
0.6 |
0.6 |
0.3 |
- |
- |
|
Lease due within 2 Yr. |
0.6 |
0.6 |
0.3 |
- |
- |
|
Lease due within 3 Yr. |
0.6 |
0.6 |
0.3 |
- |
- |
|
Lease due within 4 Yr. |
0.3 |
0.6 |
0.3 |
- |
- |
|
Lease due within 5 Yr. |
0.0 |
0.3 |
0.3 |
- |
- |
|
Lease due remaining maturities |
- |
0.0 |
0.1 |
- |
- |
|
Total Capital Leases |
2.2 |
2.7 |
1.6 |
- |
- |
|
Pension Obligation |
19.8 |
27.8 |
23.8 |
22.4 |
18.9 |
|
Fair Value of Plan Asset |
16.7 |
21.6 |
19.0 |
18.3 |
16.3 |
|
Funded Status |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Total Funded Status |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
|
Reserve for Accrued Retirement Benefits |
-3.2 |
-6.2 |
-4.9 |
-4.3 |
-2.8 |
|
Prepaid Benefits |
0.1 |
- |
0.1 |
0.2 |
0.2 |
|
Net Assets Recognized on Balance Sheet |
-3.1 |
-6.2 |
-4.9 |
-4.1 |
-2.7 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Jan-2012 |
31-Oct-2011 |
31-Jul-2011 |
30-Apr-2011 |
31-Jan-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
76.317126 |
77.975 |
77.19 |
81.14 |
81.93 |
|
|
|
|
|
|
|
|
Cash & deposits |
80.3 |
65.0 |
51.5 |
52.0 |
56.7 |
|
Accounts & notes receivable, gross |
206.7 |
186.3 |
190.9 |
199.4 |
182.1 |
|
Inventories - merchandise&finished goods |
122.1 |
108.3 |
114.1 |
98.0 |
93.1 |
|
Inventories - work-in-process |
4.8 |
5.6 |
5.1 |
10.6 |
4.7 |
|
Inventories - raw materials&supplies |
36.9 |
15.1 |
18.0 |
24.8 |
40.6 |
|
Deferred income taxes (current) |
3.8 |
6.1 |
3.7 |
4.0 |
2.6 |
|
Other |
23.9 |
9.1 |
7.7 |
10.3 |
17.1 |
|
Allowance for doubtful accounts |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Total Current Assets |
478.1 |
395.5 |
390.8 |
398.8 |
396.7 |
|
|
|
|
|
|
|
|
Buildings & structures, net |
54.3 |
53.7 |
55.8 |
53.4 |
53.2 |
|
Machineries, equipment, &vehicles, net |
45.1 |
44.1 |
47.4 |
45.0 |
43.7 |
|
Tools, furniture, & fixtures, net |
1.8 |
1.8 |
1.6 |
1.5 |
1.3 |
|
Land |
29.6 |
28.9 |
29.1 |
26.8 |
26.5 |
|
Lease assets, net |
2.0 |
2.1 |
2.2 |
2.3 |
2.4 |
|
Construction-in-progress |
5.7 |
4.4 |
2.4 |
2.7 |
4.0 |
|
Other, prop., plants, & equip., net |
0.3 |
0.3 |
0.4 |
0.4 |
0.4 |
|
Software rights |
0.6 |
0.6 |
0.7 |
0.6 |
0.7 |
|
Other intangible assets |
1.6 |
1.5 |
1.6 |
1.5 |
1.5 |
|
Long-term investment in securities |
19.1 |
19.2 |
18.4 |
17.7 |
18.5 |
|
Deferred income taxes |
1.8 |
1.4 |
2.2 |
1.9 |
1.9 |
|
Other |
9.6 |
13.2 |
13.6 |
12.9 |
12.8 |
|
Allowance for doubtful accounts |
-0.8 |
-0.9 |
-1.0 |
-1.0 |
-1.0 |
|
Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Assets |
648.9 |
565.7 |
565.2 |
564.6 |
562.5 |
|
|
|
|
|
|
|
|
Trade accounts & notes payable |
141.9 |
102.8 |
113.6 |
114.3 |
120.0 |
|
Short-term borrowings |
151.3 |
115.0 |
106.9 |
112.0 |
123.1 |
|
LT borrowings (current) |
1.3 |
1.3 |
1.3 |
1.2 |
0.0 |
|
Income taxes payable |
2.5 |
4.2 |
0.6 |
7.3 |
2.2 |
|
Reserve for bonuses |
3.5 |
8.2 |
3.7 |
6.0 |
3.4 |
|
Reserve for director's bonuses |
0.2 |
0.6 |
0.4 |
0.2 |
0.2 |
|
Other |
32.0 |
29.5 |
29.5 |
26.2 |
28.5 |
|
Total Current Liabilities |
332.8 |
261.5 |
256.0 |
267.3 |
277.5 |
|
|
|
|
|
|
|
|
Long-term borrowings |
4.2 |
4.5 |
4.8 |
4.9 |
- |
|
Total Long Term Debt |
4.2 |
4.5 |
4.8 |
4.9 |
- |
|
|
|
|
|
|
|
|
Reserve for accrued retirement benefit |
3.3 |
3.2 |
4.2 |
3.5 |
6.4 |
|
Res. for director's retirement benefit |
2.2 |
2.5 |
2.0 |
2.2 |
2.1 |
|
Deferred tax liabilities (non-current) |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Other |
2.4 |
2.6 |
2.9 |
3.0 |
3.2 |
|
Minority interests |
8.9 |
8.9 |
9.5 |
9.1 |
9.0 |
|
Total Liabilities |
354.2 |
283.2 |
279.5 |
290.0 |
298.2 |
|
|
|
|
|
|
|
|
Common Stock |
44.3 |
43.3 |
43.8 |
41.7 |
41.3 |
|
Paid-in Capital |
39.9 |
39.0 |
39.4 |
37.5 |
37.1 |
|
Retained surplus |
238.9 |
229.2 |
230.8 |
220.5 |
211.9 |
|
Treasury Stock |
-17.0 |
-16.7 |
-16.8 |
-16.0 |
-15.9 |
|
Reserve by val. of investment sec. |
1.3 |
1.2 |
1.0 |
1.1 |
1.7 |
|
Deferred hedge gain/loss |
-0.9 |
-0.9 |
-1.5 |
-0.5 |
-0.9 |
|
Cumulative translation adjustments |
-11.8 |
-12.7 |
-11.0 |
-9.6 |
-10.9 |
|
Total Equity |
294.7 |
282.5 |
285.7 |
274.6 |
264.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
648.9 |
565.7 |
565.2 |
564.6 |
562.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
Total Common Shares Outstanding |
19.5 |
19.5 |
19.5 |
19.5 |
19.5 |
|
T/S-Common Stock |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Full-Time Employees |
- |
1,045 |
1,060 |
1,060 |
1,029 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
88.894536 |
94.356055 |
106.378402 |
118.689399 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net income before taxes |
23.8 |
26.1 |
20.6 |
11.7 |
8.5 |
|
Depreciation |
18.1 |
16.0 |
14.6 |
14.8 |
12.9 |
|
Head office disjoint cost |
2.5 |
- |
- |
- |
- |
|
Impairment loss |
0.0 |
1.0 |
1.0 |
0.0 |
0.4 |
|
Reserve for doubtful accounts |
-0.1 |
-0.1 |
0.2 |
0.1 |
0.0 |
|
Reserve for retirement benefits(accrued) |
-3.1 |
0.7 |
0.4 |
0.9 |
-1.3 |
|
Reserve for dir.'s retire. bonuse |
-1.6 |
-0.3 |
0.3 |
3.0 |
0.0 |
|
Reversal of int.& dividends rcvd. |
-0.5 |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
|
Reversal of interest expenses |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
G/L on sales of noncurrent asset |
0.0 |
-0.5 |
-0.3 |
0.0 |
-2.0 |
|
Exchange gains/losses |
0.2 |
0.6 |
0.8 |
1.1 |
0.2 |
|
Account receivable |
4.3 |
1.6 |
-1.4 |
4.7 |
-7.4 |
|
Inventory |
-12.7 |
-3.2 |
21.7 |
-0.8 |
-11.5 |
|
Acts & notes payable |
-2.9 |
-3.7 |
6.7 |
-5.2 |
1.1 |
|
Other operating activities |
4.2 |
-2.0 |
4.6 |
3.7 |
-0.2 |
|
Int & div.received (cash basis) |
0.7 |
0.6 |
0.6 |
0.7 |
0.5 |
|
Interest paid (cash basis) |
-1.1 |
-1.1 |
-1.6 |
-1.8 |
-1.7 |
|
Income taxes paid |
-15.8 |
-7.5 |
-12.1 |
-0.7 |
-2.6 |
|
Income tax refund |
- |
- |
0.0 |
2.0 |
0.0 |
|
Newly Consolidated |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
17.0 |
28.6 |
57.4 |
35.5 |
-1.8 |
|
|
|
|
|
|
|
|
Time deposit matured |
- |
- |
0.0 |
0.1 |
0.2 |
|
Capital Expenditure |
-20.5 |
-19.2 |
-13.3 |
-8.9 |
-12.6 |
|
Sale of PPE |
0.0 |
0.9 |
0.5 |
0.0 |
5.1 |
|
Purchase of LT inv't in sec. |
-1.0 |
-0.1 |
-0.2 |
-0.1 |
-0.2 |
|
Sale/redempt.LT inv't in sec. |
- |
0.0 |
0.4 |
0.5 |
4.5 |
|
Affiliate inv'ts made |
- |
0.0 |
-1.6 |
-0.1 |
-0.5 |
|
Other investment activities |
-0.4 |
-0.5 |
-0.7 |
0.0 |
0.0 |
|
Cash from Investing Activities |
-21.9 |
-19.0 |
-14.9 |
-8.5 |
-3.5 |
|
|
|
|
|
|
|
|
Change in short-term debt, net |
7.1 |
-11.1 |
-18.2 |
-9.0 |
8.6 |
|
Long-term debts repaid |
-0.8 |
-0.4 |
-0.4 |
-0.9 |
-1.5 |
|
Long-term debts issued |
6.2 |
- |
0.0 |
0.9 |
0.0 |
|
Treasury stock purchased |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Treasury stock sold |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Repayment of finance lease |
-0.6 |
-0.4 |
-0.2 |
0.0 |
- |
|
Cash dividends paid |
-2.9 |
-2.6 |
-2.5 |
-2.5 |
-2.0 |
|
Cash dividends paid to minority sharehol |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Cash from Financing Activities |
8.9 |
-14.6 |
-21.4 |
-11.6 |
5.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-0.8 |
-1.2 |
-0.5 |
-0.1 |
|
Net Change in Cash |
3.2 |
-5.7 |
19.9 |
14.9 |
-0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
59.7 |
59.8 |
36.4 |
17.4 |
15.9 |
|
Net Cash - Ending Balance |
62.9 |
54.1 |
56.3 |
32.3 |
15.6 |
|
Cash Interest Paid |
1.1 |
1.1 |
1.6 |
1.8 |
1.7 |
|
Cash Taxes Paid |
15.8 |
7.5 |
12.1 |
-1.3 |
2.6 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Jul-2011 |
30-Apr-2011 |
31-Jan-2011 |
31-Oct-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
80.585055 |
81.848777 |
82.632842 |
82.811505 |
88.894536 |
|
|
|
|
|
|
|
|
Net income before taxes |
23.8 |
21.7 |
20.3 |
10.2 |
26.1 |
|
Depreciation |
18.1 |
13.3 |
8.8 |
4.3 |
16.0 |
|
Head office disjoint cost |
2.5 |
1.5 |
- |
- |
- |
|
Assets impairment losses |
0.0 |
- |
- |
- |
1.0 |
|
Reversal of interest expenses |
1.1 |
0.8 |
0.5 |
- |
1.1 |
|
Exchange gains/losses |
0.2 |
0.2 |
0.1 |
- |
0.6 |
|
Reserves |
- |
-9.5 |
-7.3 |
-6.8 |
- |
|
Reserve for doubtful accounts |
-0.1 |
- |
- |
- |
-0.1 |
|
Reserve for retirement benefits(accrued) |
-3.1 |
- |
- |
- |
0.7 |
|
Res. for director's retirement benefits |
-1.6 |
- |
- |
- |
-0.3 |
|
Reversal of int.& dividends rcvd. |
-0.5 |
- |
- |
- |
-0.4 |
|
G on the sale of fixed assets |
0.0 |
- |
- |
- |
-0.5 |
|
Account receivable |
4.3 |
2.0 |
-15.2 |
-0.1 |
1.6 |
|
Inventories |
-12.7 |
-18.5 |
-20.9 |
-27.3 |
-3.2 |
|
Acts & notes payable |
-2.9 |
6.2 |
12.2 |
18.9 |
-3.7 |
|
(Inc) Dec in other current assets |
- |
5.3 |
2.5 |
- |
- |
|
Inc (Dec) other payables |
- |
- |
- |
2.0 |
- |
|
Other, net |
4.2 |
0.2 |
0.5 |
-4.1 |
-2.0 |
|
Int & div.received (cash basis) |
0.7 |
0.6 |
0.4 |
0.3 |
0.6 |
|
Interest paid (cash basis) |
-1.1 |
-0.8 |
-0.5 |
-0.3 |
-1.1 |
|
Income taxes paid |
-15.8 |
-15.7 |
-9.4 |
-9.4 |
-7.5 |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Cash from Operating Activities |
17.0 |
7.4 |
-8.0 |
-12.3 |
28.6 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-20.5 |
-16.8 |
-10.3 |
-7.0 |
-19.2 |
|
Sale of PPE |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Purchase of LT inv't in sec. |
-1.0 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Sale LT inv't in sec. |
- |
- |
- |
- |
0.0 |
|
Affiliate inv'ts made |
- |
- |
- |
- |
0.0 |
|
Other, net |
-0.4 |
-0.3 |
0.0 |
0.0 |
-0.5 |
|
Cash from Investing Activities |
-21.9 |
-17.2 |
-10.3 |
-7.0 |
-19.0 |
|
|
|
|
|
|
|
|
Change in short-term debt, net |
7.1 |
-2.4 |
6.9 |
19.2 |
-11.1 |
|
Long-term debts repaid |
-0.8 |
-0.4 |
-0.1 |
-0.1 |
-0.4 |
|
Long-term debts issued |
6.2 |
6.1 |
6.1 |
- |
- |
|
Treasury stock purchased |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Treasury stock sold |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Repayment of lease |
-0.6 |
-0.4 |
-0.3 |
-0.1 |
-0.4 |
|
Cash dividends paid |
-2.9 |
-2.9 |
-1.4 |
-1.4 |
-2.6 |
|
Cash dividends paid to minority sharehol |
-0.1 |
- |
- |
- |
-0.1 |
|
Other, net |
- |
-0.1 |
- |
- |
- |
|
Cash from Financing Activities |
8.9 |
-0.1 |
11.1 |
17.5 |
-14.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-0.3 |
0.1 |
-0.2 |
-0.8 |
|
Net Change in Cash |
3.2 |
-10.2 |
-7.2 |
-1.9 |
-5.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
59.7 |
58.8 |
58.2 |
58.1 |
59.8 |
|
Net Cash - Ending Balance |
62.9 |
48.6 |
51.0 |
56.1 |
54.1 |
|
Cash Interest Paid |
1.1 |
0.8 |
0.5 |
0.3 |
1.1 |
|
Cash Taxes Paid |
15.8 |
15.7 |
9.4 |
9.4 |
7.5 |
Geographic Segments
Financials in: As Reported (mil)
|
Annual |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Geographic Segments
Financials in: As Reported (mil)
|
Interim |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.79 |
|
UK Pound |
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.70.07 |
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.