MIRA INFORM REPORT
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Report Date : |
16.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MITSUBISHI CORPORATION |
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Registered Office : |
3-1 Marunouchi 2-chome, Chiyoda-ku, 100-8086 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
01.04.1950 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in New Industrial Finance segment, Energy segment , Metal segment, Machinery segment, Living Essentials segment |
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No. of Employees : |
58,470 persons |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Mitsubishi Corporation
3-1 Marunouchi 2-chome
Chiyoda-ku, 100-8086
Japan
Tel: 81-3-32102121
Fax: 81-3-32108583
synthesis
Employees: 58,470
Company Type: Public Parent
Corporate Family: 235
Companies
Traded: Tokyo Stock Exchange: 8058
Over The Counter: MSBHY
Incorporation Date:
01-Apr-1950
Auditor: Deloitte & Touche LLP
Financials in: usd (millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: Japanese
Yen
Annual Sales: 60,763.1 1
Net Income: 5,405.3
Total Assets: 136,914.1 2
Market Value: 34,151.3
(30-Sep-2011)
Business Description
Mitsubishi
Corporation operates in six Business segments. The New Industrial Finance
segment is engaged in the asset management business, buyout investment,
leasing, the development and financing of real estate, logistics and insurance
business. The Energy segment provides petroleum products, carbon, crude oil,
liquefied petroleum gas (LPG) and liquefied natural gas (LNG). The Metal
segment offers steel products, coal, iron ore and non-ferrous metal products.
The Machinery segment provides petrochemicals, synthetic fiber raw materials,
fertilizers, functional chemicals and synthetic resin materials. The Living
Essentials segment provides distribution services, and conducts retail-related
business. The Others segment is involved in the finance, accounting, human
resources, general affairs-related, information technology (IT), new energy
business, among others. As of March 31, 2011, the Company has 350 consolidated
subsidiaries and 198 associated companies. For the three months ended 30 June
2011, Mitsubishi Corporation's revenues increased 8% to Y1.403T. The company's
net income decreased 18% to Y115.01B. Revenues reflect higher sales mainly due
to favorable business environment. Net income was offset by unfavorable gross
profit margin, and significantly decreased gains on marketable securities, as
well as the presence of loss on provision for doubtful accounts.
Industry
Industry Iron and Steel
ANZSIC 2006: 2110 - Iron
Smelting and Steel Manufacturing
NACE 2002: 2710 - Manufacture
of basic iron and steel and of ferro-alloys
NAICS 2002: 331111 - Iron and
Steel Mills
UK SIC 2003: 2710 - Manufacture
of basic iron and steel and of ferro-alloys
US SIC 1987: 3312 - Steel
Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills
Key Executives
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Name |
Title |
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Jun Kinukawa |
Managing Executive Officer, CEO of Metal Group |
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Ryoichi Ueda |
Chief Financial Officer, Executive Vice President, Representative
Director |
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Jun Yanai |
Managing Executive Officer, Chief Operating Officer of Energy Business
Group |
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Hideyuki Nabeshima |
Executive Vice President, Chief Compliance Officer, Representative
Director |
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Hironobu Abe |
Executive Officer, President of Kyushu Office |
Significant Developments
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Topic |
#* |
Most Recent Headline |
Date |
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Regulatory |
1 |
Mitsubishi Corporation Receives Order of Paying Fine from Indonesia
Fair Trade Commission-Jiji Press |
5-Jan-2011 |
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Mergers & Acquisitions |
6 |
Rio Tinto Limited And Mitsubishi Corporation's Mitsubishi Development
Pty Ltd Updates On Coal & Allied Industries Limited's Proposal |
26-Aug-2011 |
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Divestitures / Spin-offs |
2 |
China ITS (Holdings) Company Limited Announces Acquisition Of 40%
Equity Interest In Shanghai Sinorail From Mitsubishi Corporation |
25-Mar-2011 |
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Restructuring / Reorganization |
8 |
Unions To Begin Rolling Strikes On Friday At BHP Billiton Limited And
Mitsubishi Corporation's Australian Coal Mine-DJ |
24-Jun-2011 |
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Strategic Combinations |
23 |
Himaraya Co., Ltd. Cancels Business and Capital Alliance with Mori
Trust Holdings; Forms Business and Capital Alliance with Mitsubishi;
Announces Changes in Shareholding Structure |
13-Oct-2011 |
* number of significant developments within the last 12 months
News
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Title |
Date |
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Tokyo Most
Actives |
18-Oct-2011 |
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Tokyo
Closing Stock Prices(1) |
18-Oct-2011 |
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Cooler in
summer |
18-Oct-2011 |
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COOL
CUSTOMERS GET EXPERT ADVICE ON AIRCONDITIONING |
18-Oct-2011 |
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AutoTrader.com
Continues to Invest in VinSolutions - The Leading Software Solutions Package
for Dealers |
17-Oct-2011 |
Financial Summary
Financial Summary
As of 30-Jun-2011
Key Ratios Company Industry
Current Ratio (MRQ) 1.52 2.95
Quick Ratio (MRQ) 1.28 1.63
Debt to Equity (MRQ) 1.41 0.67
Sales 5 Year Growth 1.53 8.01
Net Profit Margin (TTM) % 5.61 0.49
Return on Assets (TTM) % 2.71 0.76
Return on Equity (TTM) % 14.16 -0.76
Stock snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88
Corporate Overview
Location
3-1 Marunouchi 2-chome
Chiyoda-ku, 100-8086
Japan
Tel: 81-3-32102121
Fax: 81-3-32108583
Quote Symbol - Exchange
8058 - Tokyo Stock
Exchange
Sales JPY(mil): 5,206,873.0
Assets JPY(mil): 11,347,442.0
Employees: 58,470
Fiscal Year End: 31-Mar-2011
Industry: Iron and Steel
Incorporation Date: 01-Apr-1950
Company Type: Public Parent
Quoted Status: Quoted
Chairman, President and
Chief Executive Officer : Yorihiko
Kojima
Company Web Links
· Corporate History/Profile
· Executives
· Financial Information
· Home Page
· Investor Relations
· News Releases
· Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1701 - Petroleum Refining and Petroleum Fuel Manufacturing
6419 - Other Auxiliary Finance and Investment Services
3323 - Industrial and Agricultural Chemical Product Wholesaling
3321 - Petroleum Product Wholesaling
2110 - Iron Smelting and Steel Manufacturing
213 - Basic Non-Ferrous Metal Manufacturing
3739 - Other Goods Wholesaling Not Elsewhere Classified
6240 - Financial Asset Investing
3419 - Other Specialised Industrial Machinery and Equipment
Wholesaling
NACE 2002 Codes:
6523 - Other financial intermediation not elsewhere classified
5147 - Wholesale of other household goods
2745 - Other non-ferrous metal production
2320 - Manufacture of refined petroleum products
6713 - Activities auxiliary to financial intermediation not
elsewhere classified
2710 - Manufacture of basic iron and steel and of ferro-alloys
5155 - Wholesale of chemical products
5187 - Wholesale of other machinery for use in industry, trade and
navigation
5151 - Wholesale of solid, liquid and gaseous fuels and related
products
NAICS 2002 Codes:
424720 - Petroleum and Petroleum Products Merchant Wholesalers
(except Bulk Stations and Terminals)
331492 - Secondary Smelting, Refining, and Alloying of Nonferrous
Metal (except Copper and Aluminum)
331111 - Iron and Steel Mills
523910 - Miscellaneous Intermediation
324199 - All Other Petroleum and Coal Products Manufacturing
523930 - Investment Advice
423990 - Other Miscellaneous Durable Goods Merchant Wholesalers
424690 - Other Chemical and Allied Products Merchant Wholesalers
423830 - Industrial Machinery and Equipment Merchant Wholesalers
US SIC 1987:
5099 - Durable Goods, Not Elsewhere Classified
2999 - Products of Petroleum and Coal, Not Elsewhere Classified
6799 - Investors, Not Elsewhere Classified
6282 - Investment Advice
5169 - Chemicals and Allied Products, Not Elsewhere Classified
5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk
Stations and Terminals
3341 - Secondary Smelting and Refining of Nonferrous Metals
5084 - Industrial Machinery and Equipment
3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and
Rolling Mills
UK SIC 2003:
5155 - Wholesale of chemical products
2710 - Manufacture of basic iron and steel and of ferro-alloys
2320 - Manufacture of refined petroleum products
6713 - Activities auxiliary to financial intermediation not
elsewhere classified
5187 - Wholesale of other machinery for use in industry, trade and
navigation
6523 - Other financial intermediation not elsewhere classified
5147 - Wholesale of other household goods
51511 - Wholesale of petroleum and petroleum products
2745 - Other non-ferrous metal production
Business
Description
Mitsubishi
Corporation operates in six Business segments. The New Industrial Finance
segment is engaged in the asset management business, buyout investment,
leasing, the development and financing of real estate, logistics and insurance
business. The Energy segment provides petroleum products, carbon, crude oil,
liquefied petroleum gas (LPG) and liquefied natural gas (LNG). The Metal
segment offers steel products, coal, iron ore and non-ferrous metal products.
The Machinery segment provides petrochemicals, synthetic fiber raw materials,
fertilizers, functional chemicals and synthetic resin materials. The Living
Essentials segment provides distribution services, and conducts retail-related
business. The Others segment is involved in the finance, accounting, human
resources, general affairs-related, information technology (IT), new energy
business, among others. As of March 31, 2011, the Company has 350 consolidated
subsidiaries and 198 associated companies. For the three months ended 30 June
2011, Mitsubishi Corporation's revenues increased 8% to Y1.403T. The company's
net income decreased 18% to Y115.01B. Revenues reflect higher sales mainly due
to favorable business environment. Net income was offset by unfavorable gross
profit margin, and significantly decreased gains on marketable securities, as
well as the presence of loss on provision for doubtful accounts.
More Business Descriptions
· General trading company; import, export and offshore trading transactions; organisation of business ventures; technology transfers and resource development; provision of finance and information services
· Mitsubishi (Japan) is a network of 40 member firms affiliates with three principal divisions: Mitsubishi Heavy Industries, Mitsubishi Corporation and The Bank of Tokyo-Mitsubishi. The trading company operates through six main business groups: living essentials (agricultural products, food and beverages, textiles, and construction materials), metals (ferrous and nonferrous), machinery (power generation equipment, electrical systems and automobile parts), energy (liquefied natural gas, crude oil), chemicals (petrochemicals, fertilisers and plastics) and a new business initiatives unit, which provides software, logistics, telecommunications and other services.
· Industrial - Diversified
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Mitsubishi
Corporation
The Strategic
Initiatives report is created using technology to extract meaningful insights
from analyst reports about a company's strategic projects and investments. More
about Strategic Initiatives
Strategic Initiatives
Key Organizational Changes
, Ltd. It has production and exploration activities in West Africa and Gulf of Mexico regions. Furthermore, it plans to acquire interests and explore in North Africa, North Sea, and Indonesia. Mitsubishi holds investments in P.T. Medco Energi Internasional, an Indonesian energy company. The Energy Business Development Unit engages in the supply of electricity and heat energy.
Partnerships
The Energy Business Development Unit engages in the supply of electricity and heat energy. It also involves in the process of opening of markets for new fuels and the planning and development of energy-related projects overseas. Through this segment, the company serves various projects, which include, interest holding in Frontier Energy Niigata, an on-site power generation business in Japan jointly with the Machinery Group, commercializing fuel cells, bio diesel and bio-pellets along with the Business Innovation Group, commercializing ethanol in collaboration with the Chemicals Group. During the fiscal year ended March 2011, the segment reported an operating transactions of JPY3,860.1 billion, represents 20% of company's total operating transactions. The Industrial Finance, Logistics & Development Group engages in developing shosha-type industrial finance businesses The group includes divisions such as Merchant Banking, M&A Division, Asset Finance & Business Development Division, Airline business, Project Development & Construction Division and Logistics Services Division.
The i-MiEV will be introduced to China Motors through MC, and will be utilized in the taxi project the Hsinchu county government will implement. Osamu Masuko, president of Mitsubishi, said, "It is such a pleasure to be able to cooperate in EV popularization efforts with the Hsinchu government, who are dedicated in implementing advanced technologies and are proactive about making a low-carbon society possible. We will give our best effort in order to make this collaboration to be a model case of eco-car implementation in Taiwan."Jun 09, 2011Buru Energy Provides Valhalla-2 Drilling UpdateBuru Energy Limited (Buru Energy) has provided an update on drilling operations a the Valhalla-2 well in Canning basin, Australia. Valhalla-2 is the first well in the Buru Energy - Mitsubishi Corporation (MC) 2011 joint exploration program.
In order to firmly capture this global demand, it has been essential for MHI to establish service structures that are closely linked to local customers, including collaboration with major users, in each region. The new EDS plant will respond to these requirements effectively, satisfying a variety of market needs including shorter delivery time. In this way the plant is destined to play an important role in MHI's strategy for the Asian market, according to MHI. Going forward MHI, while providing support to the new factory together with EGAT and Mitsubishi, will establish an integrated follow-up structure from delivery to after-sale services.May 25, 2011MODEC, Mitsui And Mitsubishi To Build And Charter FPSO To GUARAMODEC, Inc. (MODEC), Mitsui & Co., Ltd.
Sales and
Distribution
In addition, the Ministry of Economy, Trade and Industry will offer a subsidy of JPY5m under Regional Development Subsidy Program for the construction of the plant. Lithium Energy Japan was the first company in the world which began the mass production of large capacity lithium-ion battery packs. This expansion would provide ample growth opportunity.Strategic AgreementsThe company's growth strategy focuses on agreements, there by enabling the company to capitalize on operating experience and market knowledge. In June 2011, the company entered into a partnership agreement with Fujifilm Corporation, for the contract manufacturing for bio-pharmaceuticals. According to the partnership agreement both the companies have signed an agreement to transfer the ownership of 20% equity interests in Fujifilm's wholly-owned bio-pharmaceutical contract manufacturing subsidiaries, FUJIFILM Diosynth Bio-technologies U.S.A. Inc. (FDBUS) and FUJIFILM Diosynth Bio-technologies UK Limited (FDBUK), to Mitsubishi Corporation.
MHI said that once each year, gas turbines need to undergo regular
inspection, maintenance and replacement of parts that operate under very high
temperatures, which are vulnerable to severe damage. In tandem with expanded
sales of gas turbines, demand for repair of these parts is increasing globally.
In order to firmly capture this global demand, it has been essential for MHI to
establish service structures that are closely linked to local customers,
including collaboration with major users, in each region. The new EDS plant
will respond to these requirements effectively, satisfying a variety of market
needs including shorter delivery time. In this way the plant is destined to
play an important role in MHI's strategy for the Asian market, according to
MHI.
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Helpful |
Harmful |
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Internal Origin |
Strengths ·
Diversified Business
Operations |
Weaknesses |
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External Origin |
Opportunities ·
Production of
Lithium-ion Batteries |
Threats |
Overview
Mitsubishi is a
Japan based general trading company. The company provides a wide range of
energy and other related services to its customers across 80 countries.
Mitsubishi's strong foothold in the market and diversified sources of revenues
gives it a competitive advantage over the other players. In the fiscal 2010-11,
the company recorded an increase in the credit sales over the previous year.
Opportunities in unconventional energy sources would enable the company to
improve its business. However, stringent regulations and fluctuating oil market
may pose a threat to the company.
Strengths
Diversified Business Operations
Mitsubishi
operates its business through seven business groups. The company’s carries
out its operations through six segments, namely, Living Essentials Group,
Energy Business Group, Metals Group, Chemicals Group, Machinery Group,
Industrial Finance, Logistics & Development Group. Such diversified sources
of income allow the company to be less dependent on a single segment.
Furthermore, the company’s geographical operations are classified into four
segments, namely, Japan, U.S.A , Thailand and Others. As of year ended March
31, 2011, these segments accounted for revenues of 81.5%, 4.6%, 3.3% and 10.6%,
respectively, of the total revenues. Widespread operations reduce the impact of
market volatility and provide economic stability to the company.
Strong Foothold in the Market
The company serves
as Japan's largest general trading company with over 200 operating bases in
approximately 80 countries worldwide. Mitsubishi carries a wide spectrum of
business operations through its 500 subsidiaries and affiliates and serves a
broad range of customer base across industries such as energy, metals,
machinery, chemicals, food and general merchandise. In addition, Mitsubishi is
a part of the Mitsubishi Group of Companies, which is one of the world's
largest and most diversified businesses. The company has additional financial
backing from the conglomerates as well as R&D support, financial and
technological backing from the multinational conglomerate.
Integrated Energy business
The company’s
Energy Business Group is present in the entire value chain of energy.
Mitsubishi’s business activities include upstream, midstream and downstream
activities. It is engaged in exploration and production; transportation of
crude oil, LNG and petroleum products; and refining and retailing business.
Such integrated business makes the company less dependable on the third parties
and increases operational efficiency. The integrated nature of the company’s
business operations gives the company a critical competitive advantage with
better control over time, cost and quality and long term service support to
customers.
Weaknesses
Trade Receivables
The company
reported increase in revenues from JPY4,540,793m in 2010 to JPY5,206,873m in
2010. Further, inventories have gone up from JPY848,448m in 2010 to JPY970,675m
in 2011. Inventory turnover has increased from 4.154 in 2010 to 4.180 in 2011,
indicating adequate supplies for improvement in sales. However, trade
receivables have increased from JPY2,913,085m to JPY 3,119,625m, indicating
possible credit sales. The company reported decline in working capital by 12%,
its changes in working capital reported a negative JPY279,419m in the fiscal
year ended March 2011 and therefore, it could look forward to cash sales for
improvements in cash from operations.
Opportunities
Production of Lithium-ion Batteries
Lithium Energy
Japan is a joint venture with GS Yuasa International Ltd and Mitsubishi Motors
Corporation. In 2010, Lithium Energy Japan came up with its intention to build
a new plant in Ritto City, Japan. The Ritto plant is expected to produce 4.4
million cells per year and will commence operations in early 2012. The cells
produced will be adequate to power 50,000 of Mitsubishi Motors Corp’s new generation
i-MiEV electric vehicles. A total amount of JPY37.5 billion will be invested
for the plant and equipment. In addition, the Ministry of Economy, Trade and
Industry will offer a subsidy of JPY5m under Regional Development Subsidy
Program for the construction of the plant. Lithium Energy Japan was the first
company in the world which began the mass production of large capacity
lithium-ion battery packs. This expansion would provide ample growth
opportunity.
Strategic Agreements
The company's
growth strategy focuses on agreements, there by enabling the company to
capitalize on operating experience and market knowledge. In June 2011, the
company entered into a partnership agreement with Fujifilm Corporation, for the
contract manufacturing for bio-pharmaceuticals. According to the partnership
agreement both the companies have signed an agreement to transfer the ownership
of 20% equity interests in Fujifilm's wholly-owned bio-pharmaceutical contract
manufacturing subsidiaries, FUJIFILM Diosynth Bio-technologies U.S.A. Inc.
(FDBUS) and FUJIFILM Diosynth Bio-technologies UK Limited (FDBUK), to
Mitsubishi Corporation. Through this agreement the company would be involved in
the business management of FDBUS and FDBUK alongside Fujifilm. Both the
companies jointly put efforts to strongly promote the expansion of the
bio-pharmaceutical contract manufacturing business. This strategic agreement
with Fujifilm Corporation would support the company in diversifying business to
other markets.
New Business Fields
Mitsubishi is
examining new business areas and as a result it is actively investing in the
R&D activities. The company is principally focusing on five major growing
business fields like nanotechnology and the electronics industry, the
information and communication technology business, human care business, and
media consumer business. The company is expecting to exploit these avenues by
adopting a Vertical (Value Chain) Development Type business model, which
includes investing in the upstream and downstream businesses, shifting to the
BPO model and venturing into new areas of R&D. Furthermore, in June 2009,
the company succeeded in developing a new, highly-integrated Organic
Photovoltaics (OPV) module with the National Institute of Advanced Industrial
Science and Technology (AIST) and Tokki Corporation (TOKKI). It is considered
as the first organic photovoltaics module of the world. OPVs are a well–known
type of third-generation Photovoltaics that use organic materials to make
light, thin and colorful film PV modules. With the development in technology,
the company can expect significant growth opportunities.
Expansion in the Global Market
In June 2011, the
company along with Itoham Foods Inc. (Itoham) and Yonekyu Cprporation (Yonekyu)
decided to make an investment in the business of livestock and poultry
breeding, slaughtering, processing, selling and importing the meat products
engaged by COFCO Limited (COFCO) in China. Jointly, Cofco, Itoham, Yonekyu and
the comapny would expand meat products and processed foods business in China by
spending a total of JPY125 billion by 2017. This would support the company in
diversifying its business to China. In February 2010, JGC Corporation (JGC) and
the company entered into an agreement to acquire a 33.3% share of Ebara Engineering
Services Co., Ltd. (EES), a wholly-owned subsidiary of EBARA. The three
companies with 33.3% share each aims to enhance the business platform for EES
in Japan and to further expand in the global water market. This joint venture
aims to promote developments in the water infrastructure sector to offer safe
and suitable water supplies across the world.
Opportunities in Unconventional Energy Sources
In May 2010, the
company entered into joint venture agreement on development of Orinoco
extra-heavy crude oil produced in the Carabobo blocks located along the Orinoco
River in Bolivarian Republic of Venezuela. This project is an extra heavy oil
development project in Venezuela. The joint venture company will develop the
Carabobo Project 3 and will aim to attain a peak production level of 400,000
barrels of oil per day of syncrude and heavy oil. Unconventional oil and gas
projects are attracting increased attention in the wake of the inevitable
production decline in the conventional oil and gas resources. There has been
renewed interest in recent times due to the advancement in extraction and
processing technologies and a significant rise in the price of oil and gas.
Following this there has been considerable investments in the production of oil
and gas from unconventional sources. In addition, due to the depletion of
onshore reserves, exploration and production activity is moving towards deep
and ultra deep offshore areas.
Threats
Fluctuating Oil Markets
The company faces
the threat of operating in volatile market environment. Volatile market
environment coupled with concerns from geopolitical environment and demand for
oil in emerging economies including China, India and other non-OECD countries
have resulted in tighter oil supplies. Further, events in Nigeria, Venezuela,
Iran and Iraq have resulted in uncertainty of crude oil supply in recent times.
Lack of balance between OPEC and non-OPEC production discipline has resulted in
the volatility. Also of concern are transportation fuel prices relative to
crude price as a result of refinery outages in the US, and a cold southern
hemisphere winter.
Rising Capital Costs in the Refining Sector
The rising capital
costs for refineries’ expansion and/or modernization may call for heavy
investments by companies such as this one. Refineries worldwide are becoming
more complex and flexible to allow refiners to process different qualities of
crude. Even in developing countries, petroleum product quality norms are
getting more stringent and this is resulting in an increase in costs for
building secondary conversion units like fluid catalytic crackers, hydro
crackers and cokers. Additionally, shifting yield patterns in favor of light
and middle distillates instead of fuel oil also requires huge investments to
upgrade simple refineries to complex ones for some companies.
Stringent Regulations
The company's
operations are subject to rules and regulations imposed by various governmental
authorities. The company and its subsidiaries are expected to follow the rules
and regulations adopted for the protection of the environment and the health
and safety of employees and users of the company’s products. Kyoto Protocol
calls for a global reduction in greenhouse gases. According to which, all the
industrialized countries are supposed to reduce their greenhouse gas emissions
by 5.2% each year during the period 2008-2012, in comparison with their
emissions in 1990. Mitsubishi's business is subject to environmental
regulations owing to its various activities like metal production, oil and
natural gas exploration etc. Non compliance to rules and regulations would
adversely affect the company's profitability.
Intense Competition
The company operates
in highly competitive market, which is influenced by price, capital,
product/service quality and the capacity for innovation. Some of the
competitors of the company include AOC Holdings, Inc., COSMO OIL Co., Ltd.,
Japan Petroleum Exploration Co., Ltd., Uehara Sei Shoji Co., Ltd. and several
others. The company’s competitors have better financial resources, staff and
other facilities than those of the company. Inability to compete successfully
may decline the company's revenues and hence its profits.
Corporate
Family |
Corporate
Structure News: |
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|
|
|
Total Corporate Family Members: 235 |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chiyoda-ku |
Japan |
Iron and Steel |
60,763.1 |
58,470 |
|
|
Subsidiary |
Ota-ku |
Japan |
Retail (Grocery) |
21,453.1 |
4,369 |
|
|
Subsidiary |
Niigata |
Japan |
Food Processing |
310.2 |
190 |
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Grocery) |
2,502.6 |
|
|
|
Subsidiary |
Silom, Bangkrak, Bangkok |
Thailand |
Chemical Manufacturing |
150.0 |
3,293 |
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
1,741.4 |
3,201 |
|
|
Subsidiary |
Riche Terre |
Mauritius |
Food Processing |
119.1 |
2,000 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
250 |
|
|
Subsidiary |
Carlisle |
United Kingdom |
Beverages (Non-Alcoholic) |
37.4 |
135 |
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
144.8 |
12 |
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
0.5 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
160 |
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Auto and Truck Manufacturers |
1,965.2 |
2,075 |
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
552.1 |
1,572 |
|
|
Subsidiary |
Shibuya-ku |
Japan |
Restaurants |
429.1 |
1,343 |
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
|
1,174 |
|
|
Subsidiary |
Nagoya-shi |
Japan |
Miscellaneous Capital Goods |
1,311.3 |
231 |
|
|
Subsidiary |
Bandung, West Java |
Indonesia |
Miscellaneous Fabricated Products |
|
30 |
|
|
Subsidiary |
Osaka |
Japan |
Iron and Steel |
659.8 |
|
|
|
Subsidiary |
Ichikawa |
Japan |
Miscellaneous Fabricated Products |
1.0 |
|
|
|
Subsidiary |
Osaka |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Bangkok, Bangkok |
Thailand |
Iron and Steel |
|
|
|
|
Subsidiary |
Kurashiki |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Hiroshima |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Fukuoka |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Iron and Steel |
|
|
|
|
Subsidiary |
Shibuya-ku |
Japan |
Restaurants |
1,036.5 |
1,127 |
|
|
Subsidiary |
Chuo-ku |
Japan |
Food Processing |
572.4 |
723 |
|
|
Branch |
Shizuoka |
Japan |
Food Processing |
125.0 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Auto and Truck Parts |
1.0 |
700 |
|
|
Subsidiary |
Bangkok |
Thailand |
Auto and Truck Manufacturers |
|
700 |
|
|
Subsidiary |
Koto-ku, Tokyo |
Japan |
Food Processing |
|
676 |
|
|
Subsidiary |
Minato-ku |
Japan |
Medical Equipment and Supplies |
100.7 |
577 |
|
|
Subsidiary |
Brits |
South Africa |
Metal Mining |
|
500 |
|
|
Subsidiary |
Adachi-ku, Tokyo |
Japan |
Food Processing |
|
473 |
|
|
Subsidiary |
Shibuya-ku |
Japan |
Food Processing |
613.9 |
431 |
|
|
Subsidiary |
Yokohama |
Japan |
Food Processing |
1,540.5 |
429 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
|
300 |
|
|
Subsidiary |
Delphi, IN |
United States |
Food Processing |
400.0 |
1,350 |
|
|
Subsidiary |
Florence, KY |
United States |
Retail (Home Improvement) |
79.1 |
250 |
|
|
Subsidiary |
Loves Park, IL |
United States |
Food Processing |
5.0 |
185 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
1,095.7 |
163 |
|
|
Subsidiary |
Burlington, NJ |
United States |
Fabricated Plastic and Rubber |
56.7 |
100 |
|
|
Subsidiary |
Columbus, IN |
United States |
Miscellaneous Fabricated Products |
|
75 |
|
|
Subsidiary |
Rye, NY |
United States |
Miscellaneous Fabricated Products |
100.0 |
70 |
|
|
Subsidiary |
Richmond, CA |
United States |
Food Processing |
|
40 |
|
|
Subsidiary |
Secaucus, NJ |
United States |
Food Processing |
40.0 |
30 |
|
|
Subsidiary |
Irvine, CA |
United States |
Oil and Gas Operations |
|
30 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
|
25 |
|
|
Subsidiary |
Houston, TX |
United States |
Oil and Gas Operations |
|
20 |
|
|
Subsidiary |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
20 |
|
|
Subsidiary |
Wood Dale, IL |
United States |
Consumer Financial Services |
|
20 |
|
|
Subsidiary |
Cypress, CA |
United States |
Miscellaneous Capital Goods |
|
15 |
|
|
Subsidiary |
Fort Lee, NJ |
United States |
Food Processing |
|
15 |
|
|
Branch |
Dublin, OH |
United States |
Retail (Specialty) |
34.4 |
40 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
|
12 |
|
|
Subsidiary |
Henderson, NV |
United States |
Construction - Raw Materials |
125.0 |
10 |
|
|
Branch |
Lucerne Valley, CA |
United States |
Construction - Raw Materials |
127.0 |
200 |
|
|
Subsidiary |
Upper Saddle Rvr, NJ |
United States |
Chemical Manufacturing |
|
10 |
|
|
Subsidiary |
New York, NY |
United States |
Business Services |
|
10 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
|
10 |
|
|
Subsidiary |
Miami, FL |
United States |
Miscellaneous Capital Goods |
|
3 |
|
|
Subsidiary |
Rosemont, IL |
United States |
Iron and Steel |
|
6 |
|
|
Subsidiary |
New York, NY |
United States |
Real Estate Operations |
|
2 |
|
|
Subsidiary |
Houston, TX |
United States |
Oil and Gas Operations |
|
1 |
|
|
Subsidiary |
New York, NY |
United States |
Communications Services |
1.5 |
|
|
|
Subsidiary |
New York, NY |
United States |
Iron and Steel |
|
|
|
|
Subsidiary |
Philadelphia, PA |
United States |
Miscellaneous Capital Goods |
55.0 |
70 |
|
|
Branch |
Columbus, OH |
United States |
Iron and Steel |
66.4 |
50 |
|
|
Branch |
Piqua, OH |
United States |
Miscellaneous Capital Goods |
22.8 |
20 |
|
|
Branch |
Plainfield, IL |
United States |
Iron and Steel |
45.0 |
55 |
|
|
Subsidiary |
Houston, TX |
United States |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Home Improvement) |
776.6 |
272 |
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Chemical Manufacturing |
|
252 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
20,948.8 |
237 |
|
|
Subsidiary |
Muang, Samut Sakhon |
Thailand |
Food Processing |
|
1,200 |
|
|
Subsidiary |
Düsseldorf |
Germany |
Miscellaneous Capital Goods |
1.0 |
|
|
|
Subsidiary |
West End, QLD |
Australia |
Food Processing |
414.7 |
230 |
|
|
Branch |
Murgon, QLD |
Australia |
Food Processing |
|
|
|
|
Branch |
Warwick, QLD |
Australia |
Food Processing |
|
|
|
|
Branch |
Casino, NSW |
Australia |
Food Processing |
|
|
|
|
Branch |
Kingaroy, QLD |
Australia |
Food Processing |
|
|
|
|
Branch |
Meadowbrook, QLD |
Australia |
Food Processing |
|
|
|
|
Branch |
Oakey, QLD |
Australia |
Food Processing |
|
|
|
|
Branch |
Paget, QLD |
Australia |
Food Processing |
|
|
|
|
Branch |
Leeton, NSW |
Australia |
Food Processing |
|
|
|
|
Joint Venture |
Gresik, East Java |
Indonesia |
Crops |
|
200 |
|
|
Subsidiary |
Bangkok, Bangkok |
Thailand |
Miscellaneous Transportation |
|
200 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Coal |
|
200 |
|
|
Joint Venture |
Amphur Panthong, Chon Buri |
Thailand |
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
Düsseldorf |
Germany |
Miscellaneous Capital Goods |
1,441.4 |
180 |
|
|
Subsidiary |
Wood Dale, IL |
United States |
Miscellaneous Capital Goods |
169.9 |
180 |
|
|
Subsidiary |
Mexico City, Distrito Federal |
Mexico |
Coal |
0.0 |
175 |
|
|
Branch |
Singapore |
Singapore |
Miscellaneous Financial Services |
350.0 |
110 |
|
|
Subsidiary |
Abu Dhabi |
United Arab Emirates |
Metal Mining |
90.0 |
100 |
|
|
Joint Venture |
Office 701, Cundinamarca |
Colombia |
Miscellaneous Capital Goods |
18.0 |
100 |
|
|
Subsidiary |
Tokyo |
Japan |
Medical Equipment and Supplies |
1.0 |
100 |
|
|
Subsidiary |
Caracas |
Venezuela |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Makati City, NCR |
Philippines |
Coal |
|
100 |
|
|
Subsidiary |
Carmona, Cavite |
Philippines |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Bogota, Cundinamarca |
Colombia |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Lima |
Peru |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Warsaw |
Poland |
Coal |
|
100 |
|
|
Subsidiary |
Sandton |
South Africa |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Metal Mining |
|
100 |
|
|
Subsidiary |
Gelora Bung Karno Senayan, Jakarta Selatan |
Indonesia |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Coal |
|
100 |
|
|
Joint Venture |
Samut Prakan |
Thailand |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Auto and Truck Manufacturers |
1,545.7 |
95 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
|
90 |
|
|
Subsidiary |
Bangkok, Bangkok |
Thailand |
Fabricated Plastic and Rubber |
|
80 |
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Oil and Gas Operations |
13.8 |
75 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
71 |
|
|
Subsidiary |
Ota-ku, Tokyo |
Japan |
Food Processing |
|
67 |
|
|
Subsidiary |
Yokohama |
Japan |
Miscellaneous Transportation |
75.0 |
65 |
|
|
Subsidiary |
Vancouver, BC |
Canada |
Consumer Financial Services |
|
65 |
|
|
Subsidiary |
Boyle, AB |
Canada |
Paper and Paper Products |
|
425 |
|
|
Branch |
Toronto, ON |
Canada |
Miscellaneous Fabricated Products |
37.5 |
30 |
|
|
Subsidiary |
New Delhi |
India |
Miscellaneous Financial Services |
1.0 |
55 |
|
|
Subsidiary |
Tehran |
Iran |
Coal |
|
50 |
|
|
Mitsubishi Electric Europe |
Subsidiary |
Uxbridge |
United Kingdom |
Metal Mining |
|
50 |
|
Subsidiary |
Osaka |
Japan |
Chemical Manufacturing |
|
45 |
|
|
Subsidiary |
Kaohsiung City, Kaohsiung City |
Taiwan |
Chemical Manufacturing |
|
40 |
|
|
Subsidiary |
Overland Park, KS |
United States |
Crops |
278.0 |
35 |
|
|
Subsidiary |
Singapore |
Singapore |
Oil and Gas Operations |
2,554.3 |
30 |
|
|
Subsidiary |
Ciudad De Buenos Aires, Ciudad De Buenos Aires |
Argentina |
Coal |
|
30 |
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Specialty) |
|
25 |
|
|
Subsidiary |
Auckland, Auckland |
New Zealand |
Auto and Truck Parts |
|
25 |
|
|
Branch |
Giza |
Egypt |
Construction Services |
|
24 |
|
|
Subsidiary |
Las Condes, Santiago |
Chile |
Miscellaneous Fabricated Products |
|
24 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
|
14 |
|
|
Subsidiary |
Hong Kong, Hong Kong |
Hong Kong |
Construction and Agriculture Machinery |
|
10 |
|
|
Subsidiary |
Ichikawa |
Japan |
Food Processing |
790.0 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Rental and Leasing |
774.2 |
|
|
|
Joint Venture |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
647.3 |
|
|
|
Subsidiary |
Yatsuka |
Japan |
Construction and Agriculture Machinery |
613.1 |
|
|
|
Subsidiary |
Chonburi |
Thailand |
Miscellaneous Capital Goods |
367.5 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Paper and Paper Products |
285.3 |
|
|
|
Subsidiary |
Taipei |
Taiwan |
Consumer Financial Services |
1.0 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Medical Equipment and Supplies |
1.0 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Footwear |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Pu Dong, Shanghai |
China |
Coal |
|
|
|
|
Joint Venture |
Ho Chi Minh City |
Viet Nam |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Sofia |
Bulgaria |
Coal |
|
|
|
|
Branch |
Tunis |
Tunisia |
Metal Mining |
|
|
|
|
Subsidiary |
Tashkent |
Uzbekistan |
Coal |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Grocery) |
|
|
|
|
Branch |
Hydra, Algiers |
Algeria |
Metal Mining |
|
|
|
|
Subsidiary |
Amman |
Jordan |
Coal |
|
|
|
|
Subsidiary |
Almaty |
Kazakhstan |
Coal |
|
|
|
|
Subsidiary |
Salhia, Safat |
Kuwait |
Metal Mining |
|
|
|
|
Subsidiary |
Casablanca |
Morocco |
Coal |
|
|
|
|
Subsidiary |
West Bay, Doha |
Qatar |
Coal |
|
|
|
|
Subsidiary |
Jeddah, Makkah |
Saudi Arabia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Riyadh |
Saudi Arabia |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
HongKong |
China |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Crops |
|
|
|
|
Subsidiary |
Surabaya, East Java |
Indonesia |
Footwear |
|
|
|
|
Subsidiary |
New Delhi, New Delhi |
India |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Athens |
Greece |
Coal |
|
|
|
|
Subsidiary |
Shanghai |
China |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Shinjuku |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Electric Utilities |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Healthcare Facilities |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Crops |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Sendai |
Japan |
Construction - Supplies and Fixtures |
|
|
Competitors
Report
|
CompanyName |
Location |
Employees |
Ownership |
|
ITOCHU Corporation |
Tokyo, Japan |
62,635 |
Public |
|
Marubeni Corporation |
Chiyoda-ku, Japan |
30,626 |
Public |
|
Mitsui & Co. Ltd. |
Chiyoda-ku, Japan |
40,026 |
Public |
|
Samsung C&T |
Seoul, Korea, Republic of |
6,796 |
Public |
|
SUMITOMO CORPORATION |
Chuo-ku, Japan |
74,251 |
Public |
Executive report
|
Board of
Directors |
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Chairman, President and Chief Executive Officer |
Chairman |
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Director |
Director/Board Member |
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Managing Executive Officer, Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executive Vice President |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executive Vice President, Chief Compliance Officer, Representative
Director |
Director/Board Member |
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Managing Executive Officer, President of Kansai Office, Representative
Director |
Director/Board Member |
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Executive Vice President, Representative
Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Chief Financial Officer, Executive Vice President, Representative
Director |
Director/Board Member |
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Executive Vice President, President of Subsidiary, Director |
Director/Board Member |
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Executives |
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Managing Executive Officer, CEO of Metal Group |
Chief Executive Officer |
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Chairman, President and Chief Executive Officer |
Chief Executive Officer |
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Managing Executive Officer, Chief Executive Officer of Global
Environment Business Development Division |
Chief Executive Officer |
|
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Managing Executive Officer, Chief Executive Officer of Machinery Group |
Chief Executive Officer |
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Managing Executive Officer, CEO of Chemicasl Group |
Chief Executive Officer |
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Managing Executive Officer, CEO of Living Essentials Group |
Chief Executive Officer |
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Managing Executive Officer, Chief Executive Officer of New Industry
Finance Business Group |
Chief Executive Officer |
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Senior Vice President and Chief Operating Officer of Foods (Products |
Operations Executive |
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Managing Executive Officer, Chief Operating Officer of Energy Business
Group |
Operations Executive |
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Senior Executive Vice President-Administration & Legal Affairs |
Environment/Safety Executive |
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Senior Vice President |
Administration Executive |
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Senior Vice President |
Administration Executive |
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Senior Executive Vice President, CEO of New Industry Finance Business
Group |
Finance Executive |
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Senior Executive Vice President & Chief Financial Officer |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Chief Financial Officer, Executive Vice President, Representative Director |
Finance Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Executive Vice President-Human Resources |
Human Resources Executive |
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Executive Vice President-Strategy & Research |
Research & Development Executive |
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Senior Executive Vice President-Strategies-Food |
Planning Executive |
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Senior Executive Vice President-Strategies-Resources & Energy |
Planning Executive |
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Executive Vice President, Chief Compliance Officer, Representative
Director |
Legal Executive |
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Executive Officer, President of Kyushu Office |
Other |
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Managing Executive Officer, Chief Executive Officer of Business
Service Division |
Other |
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Executive Officer, Chief Director of Environment & Water Business |
Other |
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Executive Officer, Chief Director of Isuzu Business |
Other |
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Executive Officer |
Other |
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Executive Officer, Chief Director of Oil Business |
Other |
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Executive Officer, Chief Director of Industrial Finance Business |
Other |
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Executive Officer, Director of General Affairs |
Other |
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Executive Officer, Chief Director of 2nd Natural Gas Business |
Other |
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Executive Officer, Mgr of Living Essentials Group CEO Office, Chief
Director of Agricultural & Fishery Industry |
Other |
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Co-Executive Vice President-Energy |
Other |
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Co-Executive Vice President-Machinery |
Other |
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Executive Officer, Chief Director of IT Service |
Other |
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Executive Officer, Director of Operation |
Other |
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Executive Officer, Chief Director of First Commodity Chemicals |
Other |
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Executive Vice President-Business Innovation |
Other |
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Co-Executive Vice President-Metals |
Other |
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Executive Officer, Assistant to CEO of Energy Business Group |
Other |
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Executive Officer, President of Subsidiary |
Other |
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||||
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Executive Officer |
Other |
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||||
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Executive Officer |
Other |
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||||
|
Executive Officer, Chief Director of Development and Construction
Project |
Other |
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|
||||
|
Executive Officer, President of Subsidiary |
Other |
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|
||||
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Managing Executive Officer, Manager of Jakarta Liason Office |
Other |
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|
||||
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Executive Officer, President of Subsidiary |
Other |
|
|
||||
|
Executive Director, President of Subsidiary |
Other |
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||||
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Executive Officer, President of Subsidiary |
Other |
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|
||||
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Executive Officer, Chief Director of Non-Ferrous Metals |
Other |
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|
||||
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Executive Officer, Chief Director of Textiles |
Other |
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|
||||
|
Executive Officer, Chief Director of Infrastructure Project |
Other |
|
|
||||
|
Managing Executive Officer, President of Subsidiary |
Other |
|
|
||||
|
Executive Officer, President of Subsidiary |
Other |
|
|
||||
|
Executive Officer, Deputy Chief Director of New Energy and Power
Generation Business |
Other |
|
|
||||
|
Executive Officer, Chief Director of Motor Vehicle Business |
Other |
|
|
||||
|
Managing Executive Officer |
Other |
|
|
||||
|
Executive Officer |
Other |
|
|
||||
|
Executive Officer, Mgr of New Industrial Finance Business Group CEO Office |
Other |
|
|
||||
|
Executive Officer, President of Subsidiary |
Other |
|
|
||||
|
Managing Executive Officer, President of Subsidiary |
Other |
|
|
||||
|
Executive Vice President-ASEAN |
Other |
|
|
||||
|
Executive Officer, Chief Director of Ferrous Raw Materials |
Other |
|
|
||||
|
Executive Officer |
Other |
|
|
||||
|
Executive Officer |
Other |
|
|
||||
|
Executive Officer, President of Subsidiary |
Other |
|
|
||||
|
Managing Executive Officer, President of Central Area Office |
Other |
|
|
||||
|
Executive Officer, Manager of Singapore Office |
Other |
|
|
||||
|
Executive Officer, Chief Regional Officer of Middle East |
Other |
|
|
||||
Significant Developments
Mitsubishi Corporation
To Build Two Gas Turbine Plants In US-DJ Oct 13, 2011
Dow Jones reported
that Mitsubishi Corporation will construct two large gas turbine power plants
in the U.S. state of California to augment the electric supply from solar, wind
and other renewable energy sources, The Nikkei reported. The total construction
cost is estimated at Y90 billion ($1.17 billion). The combined output capacity
of two plants will be one million kilowatts, which is roughly equivalent to a
single nuclear reactor.
Himaraya Co., Ltd.
Cancels Business and Capital Alliance with Mori Trust Holdings; Forms Business
and Capital Alliance with Mitsubishi; Announces Changes in Shareholding
Structure Oct 13, 2011
Himaraya Co., Ltd.
announced that it has canceled the business and capital alliance with Mori
Trust Holdings Inc., effective November 16, 2011. Mori Trust Holdings Inc. will
transfer 800,000 shares (6.49% stake) of Himaraya to Mitsubishi Corporation, on
November 16, 2011. Himaraya Co., Ltd. has also decided to form a business alliance
with Mitsubishi Corporation, effective November 16, 2011. Himaraya Co., Ltd.
and Mitsubishi Corporation will collaborate in product development, as well as
development and operation of stores. Himaraya Co., Ltd. will also sell 335,800
shares of its treasury stock to Mitsubishi Corporation, at the price of JPY 578
per share, or JPY 194,092,400 in total, on November 16, 2011. As a result,
Mitsubishi Corporation will become the top shareholder, holding 2,466,300
shares (20.02% voting rights), up from 300,000 shares (2.50% voting rights).
Mitsubishi
Corporation, Mitsui & Co., Ltd. And Marubeni Corporation Tie Up With SKorea
Public Lender-DJ Sep 28, 2011
Dow Jones reported
that Mitsubishi Corporation, Mitsui & Co., Ltd. and Marubeni Corporation
separately have formed partnerships with the Export-Import Bank of Korea, The
Nikkei reported. The three trading houses signed memorandums of understanding
with the bank regarding the exchange of information in such fields as power,
water, renewable energy, infrastructure and oil and gas. They will refer
overseas deals and companies to each other as well as form Japanese-South
Korean corporate alliances in response to intensifying competition from major
global players in acquiring natural resource rights and winning infrastructure
construction orders abroad.
Rio Tinto Limited
And Mitsubishi Corporation's Mitsubishi Development Pty Ltd Updates On Coal
& Allied Industries Limited's Proposal Aug 26, 2011
Rio Tinto Limited
and Mitsubishi Development Pty Ltd note the announcement by Coal & Allied
Industries Limited that it has executed a Scheme Implementation Agreement with
a bid vehicle jointly owned by Rio Tinto and Mitsubishi Development, a wholly
owned subsidiary of Mitsubishi Corporation. It is proposed that Rio Tinto and
Mitsubishi Development, via the jointly owned bid vehicle, will acquire all of
the shares in Coal & Allied that they do not currently own under a Scheme
of Arrangement. The committee of Coal & Allied directors formed to consider
the initial proposal from Rio Tinto unanimously recommends that Coal &
Allied shareholders vote in favor of the proposed Scheme. Under the proposed
Scheme, Coal & Allied shareholders will receive cash consideration of
AUD125 per share, a AUD3 when compared to consideration of AUD122 per share
announced on August 8, 2011. The cash consideration of AUD125 per share
represents 39% to Coal & Allied's closing share price on August 5, 2011 and
25% to the one month volume weighted average price of Coal & Allied shares
as at August 5, 2011. If the Scheme is successful, the aggregate direct and
indirect interests in Coal & Allied held by Rio Tinto and Mitsubishi
Development will increase to 80% and 20%respectively. Rio Tinto owns 75.7% of
Coal & Allied and Mitsubishi Development owns 10.2%of Coal & Allied.
The Scheme will be effective in early December 2011.
Mitsubishi
Corporation Launches Takeover Bid for Shares of Chuo Kagaku Co., Ltd.'s Stock Aug
19, 2011
Mitsubishi
Corporation announced that it has launched takeover bid for shares for more
than 8,778,000 shares of Chuo Kagaku Co., Ltd.'s stock, at above JPY 386 per
share, from Chuo Kagaku Co., Ltd.'s current share holders, for JPY
3,388,308,000 in total, effective October 26, 2011. After this, Mitsubishi
Corporation's stake in Chuo Kagaku Co., Ltd. will become 52.94%, up from 9.37%.
Mitsubishi
Corporation Launches Takeover Bid for Shares of Chuo Kagaku Co., Ltd.'s Stock Aug
19, 2011
Mitsubishi
Corporation announced that it has launched takeover bid for shares for more
than 8,778,000 shares of Chuo Kagaku Co., Ltd.'s stock, at above JPY 386 per
share, from Chuo Kagaku Co., Ltd.'s current share holders, for JPY
3,388,308,000 in total, effective October 26, 2011. After this, Mitsubishi
Corporation's stake in Chuo Kagaku Co., Ltd. will become 52.94%, up from 9.37%.
Rio Tinto plc And
Mitsubishi Corporation's Mitsubishi Development Pty Ltd Announces Coal &
Allied Industries Limited's Proposal Aug 08, 2011
Rio Tinto plc
announced that it notes the announcement made by Coal & Allied Industries
Limited relating to an indicative, conditional, incomplete and non-binding
proposal from Rio Tinto, under which Rio Tinto and Mitsubishi Development Pty
Ltd, a wholly owned subsidiary of Mitsubishi Corporation, would acquire all of
the shares in Coal & Allied they do not already hold under a joint takeover
(Proposal). Rio Tinto confirms that it approached the Coal & Allied Board
on August 6, 2011 in relation to the Proposal. The Proposal is for a cash offer
price of AUD122.00 per Coal & Allied share. In addition shareholders will
be entitled to retain the dividend of AUD1.20 per share scheduled to be paid on
August 26, 2011. Rio Tinto confirms that on August 7, 2011, Rio Tinto and
Mitsubishi Development entered into a standstill deed under which each has
undertaken to the other not to acquire further shares in Coal & Allied,
except as otherwise agreed, for a period of two months. To date, other than the
standstill deed, no agreement, arrangement or understanding has been reached
between Mitsubishi Development and Rio Tinto in relation to any joint bid
proposal or otherwise in relation to Coal & Allied or Coal & Allied
shares. Rio Tinto, through a wholly owned subsidiary, is Coal & Allied's
shareholder, currently holding 75.71% of Coal & Allied shares. Mitsubishi
Development currently holds 10.20% of Coal & Allied shares.
Strike At
Mitsubishi Corporation And Others Chile Escondida Copper Mine Rolls Into Fifth
Day-DJ
Jul 25, 2011
Dow Jones reported
that members of the union at Chile's Escondida copper mine, which is controlled
by BHP Billiton Limited, continued their strike for a fifth consecutive day.
Escondida stands to lose some 3,000 tons of copper output for every day workers
are on strike. According to Chilean labor laws, mine strikes are illegal if no
contract negotiations are underway. There are currently no contract
negotiations at Escondida. BHP Billiton holds a controlling 57.5% stake in
Escondida, while Rio Tinto p.l.c holds 30%. The remaining 12.5% is held by a
Japanese consortium led by Mitsubishi Corporation.
Unions Plan To
Escalate Strikes At BHP Billiton Limited And Mitsubishi Corporation's Australia
Coal Mines-DJ Jul 15, 2011
Dow Jones reported
that close to 3,000 workers at BHP Billiton Limited's coking coal operations in
eastern Australia plan to increase the length and frequency of rolling strikes
at seven mines the mining giant jointly owns with Mitsubishi Corporation. The
three unions jointly bargaining with the BHP Mitsubishi Alliance also plan a
ban on 30-day unrostered overtime, said Rohan Webb, assistant state secretary
of the Australian Manufacturing Workers' Union. More than 2,800 workers at the
mines held a series of hours-long strikes in late June at each of the mines.
Portage Resources
Inc To Acquire Mining Concession Near Antamina Mining Complex From Mitsubishi
Corporation's Compania Minera Antamina SA Jul 11, 2011
Portage Resources
Inc announced that it has entered into negotiations to acquire a mining
concession near the Antamina Mine located in the Ancash Region. The concession
is comprised of 1200 hectares of rich polymetalic formations. Elias Garate,
Geologist and Portage Resources VP of Exploration, will be doing a site visit
on July 12, 2011 to commence the due diligence process. The Company anticipates
a quick closing. Compania Minera Antamina SA is a company incorporated under
Peruvian law, which is a product of a joint venture between four major mining
companies. BHP Billiton 33.75%, Xstrata 33.75%, Teck 22.5% and Mitsubishi
Corporation 10%.
Strikes Set To Intensify
At BHP Billiton Limited And Mitsubishi Corporation's Australia Coal Mines-DJ Jun
27, 2011
Dow Jones reported
that Labor unions are putting further pressure on BHP Billiton Limited and
Mitsubishi Corporation, with rolling strikes set to continue at coking coal
mines in northeastern Australia this week and notice given to the companies
that a ban on overtime may be implemented. The BHP Mitsubishi Alliance, which
jointly own seven mines in Queensland state that produce the key steelmaking
commodity, has been locked in negotiations with three unions for weeks over
terms of a new employment agreement for more than 3,000 workers. A series of up
to 12 hour strikes took place over the weekend, and are set to continue early
this week.
Unions To Begin
Rolling Strikes On Friday At BHP Billiton Limited And Mitsubishi Corporation's
Australian Coal Mine-DJ Jun 24, 2011
Dow Jones reported
that rolling strikes will start hitting BHP Billiton Limited and Mitsubishi
Corporation's Blackwater coking coal mine in northeastern Australia late Friday
and then move on to six other mines, as the planned protest by unionized
workers runs through next week. Strikes are also planned for the night shifts
on Saturday and Sunday and select shifts next week, ending with a strike at the
Goonyella Riverside operations on Thursday. CFMEU is one of three unions
representing more than 3,000 workers locked in employment contract talks with
the BHP-Mitsubishi Alliance. The companies and unions are deadlocked over
demands for equal pay for contract workers and employees and a say by union
representatives in recruitment, among other things. Unions To Begin Rolling Strikes On Friday At
BHP Billiton Limited And Mitsubishi Corporation's Australian Coal
Mine-DJ Jun 24, 2011
Dow Jones reported
that rolling strikes will start hitting BHP Billiton Limited and Mitsubishi
Corporation's Blackwater coking coal mine in northeastern Australia late Friday
and then move on to six other mines, as the planned protest by unionized
workers runs through next week. Strikes are also planned for the night shifts
on Saturday and Sunday and select shifts next week, ending with a strike at the
Goonyella Riverside operations on Thursday. CFMEU is one of three unions
representing more than 3,000 workers locked in employment contract talks with
the BHP-Mitsubishi Alliance. The companies and unions are deadlocked over
demands for equal pay for contract workers and employees and a say by union
representatives in recruitment, among other things.
Australian Union
Says To Escalate Action At BHP Billiton plc And Mitsubishi Corporation's
Jointly Owned Coal Mines-Reuters Jun 22, 2011
Reuters reported
that Union workers at BHP Billiton plc And Mitsubishi Corporation's coal mines
in Australia will escalate industrial action later this week to cause
production disruptions. Twelve-hour work stoppages will start late on Friday
and continue over the weekend at each of the six metallurgical coal mines
operated jointly by BHP Billiton and Mitsubishi in the Bowen Basin coal fields,
according to Steve Smyth, Queensland president of the Construction Forestry
Mining and Energy Union (CFMEU).
Australian Union
Says To Escalate Action At BHP Billiton plc And Mitsubishi Corporation's
Jointly Owned Coal Mines-Reuters Jun 22,
2011
Reuters reported
that Union workers at BHP Billiton plc And Mitsubishi Corporation's coal mines
in Australia will escalate industrial action later this week to cause
production disruptions. Twelve-hour work stoppages will start late on Friday
and continue over the weekend at each of the six metallurgical coal mines
operated jointly by BHP Billiton and Mitsubishi in the Bowen Basin coal fields,
according to Steve Smyth, Queensland president of the Construction Forestry
Mining and Energy Union (CFMEU).
Mitsubishi Corporation
To Form Joint Venture With Chinese state Run Food Company-Reuters Jun 21, 2011
Reuters reported
that Mitsubishi Corporation will form a joint venture with China's state-run
food conglomerate Cofco Corp to raise livestock and process it into meat, according
to The Nikkei. Next month, Mitsubishi Corporation and its affiliates Itoham
Foods Inc and Yonekyu Corp will together own a third of a holding company for
Cofco's meat business. The joint venture will spend CNY10 billion, or around
JPY124 billion ($1.54 billion), on farms, processing plants and distribution
centers by 2017, and aim for sales of 220 billion yen that year.
Mitsubishi
Corporation To Form Joint Venture With Chinese state Run Food Company-Reuters Jun
21, 2011
Reuters reported
that Mitsubishi Corporation will form a joint venture with China's state-run
food conglomerate Cofco Corp to raise livestock and process it into meat,
according to The Nikkei. Next month, Mitsubishi Corporation and its affiliates
Itoham Foods Inc and Yonekyu Corp will together own a third of a holding
company for Cofco's meat business. The joint venture will spend CNY10 billion,
or around JPY124 billion ($1.54 billion), on farms, processing plants and
distribution centers by 2017, and aim for sales of 220 billion yen that year.
Unions Set To
Confer After Strikes At BHP Billiton plc And Mitsubishi Corporation's Jointly
Owned Coking Coal Mines-DJ Jun 16, 2011
Dow Jones reported
that Leaders from three labor unions will meet on Sunday following a series of
rolling strikes at BHP Billiton plc and Mitsubishi Corporation's jointly owned
coking coal mines in Australia's eastern Bowen Basin region before returning to
negotiations with the mining companies early next week. Officials and local
representatives from the CFMEU, Australian Manufacturing Workers' Union and
Communications, Electrical and Plumbing Union, will meet on Sunday, Smyth said.
Further negotiations with the BHP-Mitsubishi Alliance on a new employment
agreement are set for Monday and Tuesday. About 400 workers took part in the
first of the strikes Tuesday at two of six coal mines owned by the alliance. A
second similar six-hour strike took place on Wednesday, and the final strike is
set for the remaining mines on the weekend. The three unions altogether represent
roughly 3,000 workers at six mines in the Bowen Basin, less than half of the
workforce.
Unions Set To Confer After Strikes At BHP Billiton plc And Mitsubishi
Corporation's Jointly Owned Coking Coal Mines-DJ Jun 16, 2011
Dow Jones reported
that Leaders from three labor unions will meet on Sunday following a series of
rolling strikes at BHP Billiton plc and Mitsubishi Corporation's jointly owned
coking coal mines in Australia's eastern Bowen Basin region before returning to
negotiations with the mining companies early next week. Officials and local
representatives from the CFMEU, Australian Manufacturing Workers' Union and
Communications, Electrical and Plumbing Union, will meet on Sunday, Smyth said.
Further negotiations with the BHP-Mitsubishi Alliance on a new employment
agreement are set for Monday and Tuesday. About 400 workers took part in the
first of the strikes Tuesday at two of six coal mines owned by the alliance. A
second similar six-hour strike took place on Wednesday, and the final strike is
set for the remaining mines on the weekend. The three unions altogether
represent roughly 3,000 workers at six mines in the Bowen Basin, less than half
of the workforce.
Australian Union
Says Wider Strike Unlikely At BHP Billiton plc And Mitsubishi Corporation's BHP
Mitsubishi Alliance Coal Mines-DJ Jun 09, 2011
Dow Jones reported
that around 3,500 union workers in Australia plan a series of six-hour work
stoppages at six coal mines operated by BHP Billiton plc And Mitsubishi
Corporation next week, but are not planning wider strike action at this stage,
according to a union official. The workers still planned to hold negotiations
with the mines' owners later this month, Steve Smyth, Queensland president of
the Construction Forestry Mining and Energy Union said.
BHP Billiton plc
And Mitsubishi Corporation's BHP Mitsubishi Alliance Coal Miners To Strike Next
Week-Reuters Jun 08, 2011
Reuters reported
that miners at Australia's BHP Billiton Mitsubishi Alliance (BMA) voted to
strike, likely early next week, according to a union official. The official
said he could not confirm the length of the strike, which would be the first
industrial action at BMA mines in more than a decade. The four thousand workers
make up about two-thirds of BMA's total workforce at the mines. Coal miners
have complained about different pay levels for union workers and non-union
contractors and are worried over job security, according to the union. Union
workers voted in favour of the right to strike late last week, but gave no indication
that an industrial action was imminent and union officials had held out the
possibility of a strike only as a last resort if talks with the alliance broke
down. BHP Mitsubishi Alliance is a joint venture between BHP Billiton plc And
Mitsubishi Corporation.
BHP Billiton plc
And Mitsubishi Corporation's BHP Mitsubishi Alliance Coal Miners To Strike Next
Week-Reuters Jun 08, 2011
Reuters reported
that miners at Australia's BHP Billiton Mitsubishi Alliance (BMA) voted to
strike, likely early next week, according to a union official. The official
said he could not confirm the length of the strike, which would be the first
industrial action at BMA mines in more than a decade. The four thousand workers
make up about two-thirds of BMA's total workforce at the mines. Coal miners
have complained about different pay levels for union workers and non-union
contractors and are worried over job security, according to the union. Union
workers voted in favour of the right to strike late last week, but gave no indication
that an industrial action was imminent and union officials had held out the
possibility of a strike only as a last resort if talks with the alliance broke
down. BHP Mitsubishi Alliance is a joint venture between BHP Billiton plc And
Mitsubishi Corporation.
Mitsubishi
Corporation Increases Voting Rights in Furuya Metal Co., Ltd. Jun 06, 2011
Furuya Metal Co.,
Ltd. announced that there were some changes in its shareholding structure,
effective June 6, 2011. Mitsubishi Corporation ha increased the voting rights
in Furuya Metal from 10.04% to 19.99%, and has become the top shareholder of
Furuya Metal, effective June 6, 2011.
Mitsubishi
Corporation Increases Voting Rights in Furuya Metal Co., Ltd. Jun 06, 2011
Furuya Metal Co.,
Ltd. announced that there were some changes in its shareholding structure,
effective June 6, 2011. Mitsubishi Corporation ha increased the voting rights
in Furuya Metal from 10.04% to 19.99%, and has become the top shareholder of
Furuya Metal, effective June 6, 2011.
BHP Billiton plc
And Mitsubishi Corporation's BHP Mitsubishi Alliance Coal Miners Approve Right
To Strike-Reuters Jun 03, 2011
Reuters reported
that Miners at Australia's BHP Billiton Mitsubishi Alliance (BMA) voted in
favour of the right to take industrial action but gave no indication that they
were preparing to strike. A stoppage would hit BHP Billiton just as Australia's
coal mining sector was getting back on its feet after heavy summer rains
hobbled operations at dozens of collieries. It was unlikely that the mine
workers representing around two-thirds of BMA's workforce would lay down their
tools immediately, with BHP Billiton saying meetings with unions are scheduled
until the end of July. Union officials have repeatedly held out the possibility
of a strike only as a last resort if talks with the alliance broke down. It's
been more than a decade since there was industrial action at BMA mines. The
vote does give 4,000 employees at BMA's coal mines in Australia's Queensland
state the right to consider industrial action against the BHP-Mistubishi joint
venture. Coal miners have complained about different pay levels for union
workers and non-union contractors and are worried over job security, according
to Construction Forestry Mining and Energy Union Queensland district
vice-president Steve Pierce. BHP Mitsubishi Alliance is a joint venture between
BHP Billiton plc And Mitsubishi Corporation.
BHP Billiton plc
And Mitsubishi Corporation's BHP Mitsubishi Alliance Coal Miners Approve Right
To Strike-Reuters Jun 03, 2011
Reuters reported
that Miners at Australia's BHP Billiton Mitsubishi Alliance (BMA) voted in
favour of the right to take industrial action but gave no indication that they
were preparing to strike. A stoppage would hit BHP Billiton just as Australia's
coal mining sector was getting back on its feet after heavy summer rains
hobbled operations at dozens of collieries. It was unlikely that the mine
workers representing around two-thirds of BMA's workforce would lay down their
tools immediately, with BHP Billiton saying meetings with unions are scheduled
until the end of July. Union officials have repeatedly held out the possibility
of a strike only as a last resort if talks with the alliance broke down. It's
been more than a decade since there was industrial action at BMA mines. The
vote does give 4,000 employees at BMA's coal mines in Australia's Queensland
state the right to consider industrial action against the BHP-Mistubishi joint
venture. Coal miners have complained about different pay levels for union
workers and non-union contractors and are worried over job security, according
to Construction Forestry Mining and Energy Union Queensland district
vice-president Steve Pierce. BHP Mitsubishi Alliance is a joint venture between
BHP Billiton plc And Mitsubishi Corporation.
SAXA Holdings,
Inc. to Establish Joint Venture with Mitsubishi Corporation and Hop Cheong
Paper Company Limited May 18, 2011
SAXA Holdings,
Inc. announced that it has decided to establish a Hong Kong-based joint
venture, which will be also a subsidiary of SAXA Holdings, with Mitsubishi
Corporation and Hop Cheong Paper Company Limited in May 2011. The joint
venture, which will be called Xing Hui Investment Holdings Co. Limited, will be
engaged in the management of manufacturing and sale companies. SAXA Holdings,
Mitsubishi Corporation and Hop Cheong Paper Company Limited will each hold a
60%, 10% and 30% stake in Xing Hui Investment Holdings.
Mitsubishi
Corporation Announces Retirement of Treasury Stock; to Issue Year-end Dividend
for FY 2011 May 10, 2011
Mitsubishi
Corporation announced that it has decided to retire 45,000,000 shares
(approximately 2.65% of total sharesoustanding) of its treasury stock,
effective May 31, 2011. The Company has also decided to issue a year-end dividend
of JPY 39 per share, above the latest forecast of JPY 30 per share, which was
disclosed on October 29, 2010, to all the shareholders of record as of March
31, 2011, effective June 27, 2011.
Mitsubishi
Corporation Announces Retirement of Treasury Stock; to Issue Year-end Dividend
for FY 2011 May 10, 2011
Mitsubishi
Corporation announced that it has decided to retire 45,000,000 shares
(approximately 2.65% of total sharesoustanding) of its treasury stock,
effective May 31, 2011. The Company has also decided to issue a year-end
dividend of JPY 39 per share, above the latest forecast of JPY 30 per share,
which was disclosed on October 29, 2010, to all the shareholders of record as
of March 31, 2011, effective June 27, 2011.
Anadarko Petroleum
Corp. Sells 10% Of Liberia, Sierra Leone Blocks To Mitsubishi Corporation-DJ May
03, 2011
Dow Jones reported
that Anadarko Petroleum Corp. sold a 10% share in Block SL-07B-10 offshore
Liberia and Sierra Leone to Japan's Mitsubishi Corporation. Anadarko Petroleum
Corp. had a 65% interest in the block and after the sell of the interest it
will remains as the operator. Co-owners in the block include Repsol YPF SA with
a 25% interest and Tullow Oil PLC with 10% interest.
R&I Affirms
Mitsubishi Corporation.'s Rating at "AA-"; Rating Outlook Stable Apr
21, 2011
Rating and
Investment Information, Inc. (R&I) announced that it has affirmed the
rating on Mitsubishi Corporation at "AA-". The rating outlook is
stable.
Mahindra &
Mahindra Limited And Mitsubishi Corporation In Talks For Pact On Farm
Equipment-DJ Apr 19, 2011
Dow Jones reported
that Mahindra & Mahindra Limited is in talks with Mitsubishi Corporation to
form a global strategic pact to source farm equipment including tractors,
according to The Economic Times. Under the planned pact, Mahindra &
Mahindra Limited would sell farm equipment sourced from Mitsubishi Corporation
under its brand name in growing international markets.
Mahindra &
Mahindra Limited And Mitsubishi Corporation In Talks For Pact On Farm Equipment-DJ
Apr 19, 2011
Dow Jones reported
that Mahindra & Mahindra Limited is in talks with Mitsubishi Corporation to
form a global strategic pact to source farm equipment including tractors,
according to The Economic Times. Under the planned pact, Mahindra & Mahindra
Limited would sell farm equipment sourced from Mitsubishi Corporation under its
brand name in growing international markets.
Mitsubishi
Corporation to Transfer Business to Subsidiary Apr 15, 2011
Mitsubishi
Corporation announced that it has decided to transfer its painting raw
materials and painting products business to its wholly owned subsidiary,
Mitsubishi Shoji Chemical Corporation, effective July 1, 2011.
Fast Retailing
Co., Ltd. to Establish Joint Venture with Mitsubishi Corporation Apr 07, 2011
Fast Retailing
Co., Ltd. announced that it has decided to establish a joint venture, which is
called UNIQLO (THAILAND) COMPANY LIMITED, with Mitsubishi Corporation, in June
2011. Fast Retailing and Mitsubishi Corporation will hold 75.0% and 25.0%
stakes in the joint venture, respectively. The joint venture will be engaged in
sales of UNIQLO's clothes.
Fast Retailing
Co., Ltd. to Establish Joint Venture with Mitsubishi Corporation Apr 07, 2011
Fast Retailing
Co., Ltd. announced that it has decided to establish a joint venture, which is
called UNIQLO (THAILAND) COMPANY LIMITED, with Mitsubishi Corporation, in June
2011. Fast Retailing and Mitsubishi Corporation will hold 75.0% and 25.0%
stakes in the joint venture, respectively. The joint venture will be engaged in
sales of UNIQLO's clothes.
China ITS
(Holdings) Company Limited Announces Acquisition Of 40% Equity Interest In
Shanghai Sinorail From Mitsubishi Corporation Mar 25, 2011
China ITS
(Holdings) Company Limited announced that on March 25, 2011, China ITS
(Holdings) Co., Ltd. (the Company) has entered into an equity transfer
agreement (the Agreement) on March 25, 2011 with Mitsubishi Corporation,
whereby the Company agrees to conditionally acquire 40% equity interest in
Shanghai Sinorail Diamond International Trading Co., Ltd. (Shanghai Sinorail),
a sino-foreign equity joint venture (EJV) incorporated under the laws of the
People' Republic of China (the PRC), from Mitsubishi for a consideration of
USD5,515,114.80 (the Acquisition). The consideration was based on the reference
to the net asset value of Shanghai Sinorail. Completion of the Acquisition
shall occur on the date on which the Acquisition has been approved by the
relevant authorities, the altered approval certificate of Shanghai Sinorail has
been obtained and the altered business licence has been obtained (the
Registrations), which shall be on or before July 15, 2011, or such later date
(Final Completion Date) as the Company and Mitsubishi agree should the process
of Registrations is delayed (Registration Delay). If the Acquisition cannot be
completed by the Final Completion Date, the Agreement shall no longer be
effective. After the completion of the Acquisition, Shanghai Sinorail shall be
held as to 40% by the Company, 50% by Beijing Railway Bureau, and 10% by
CRCEBG.
China ITS
(Holdings) Company Limited Announces Acquisition Of 40% Equity Interest In
Shanghai Sinorail From Mitsubishi Corporation Mar 25, 2011
China ITS
(Holdings) Company Limited announced that on March 25, 2011, China ITS
(Holdings) Co., Ltd. (the Company) has entered into an equity transfer
agreement (the Agreement) on March 25, 2011 with Mitsubishi Corporation,
whereby the Company agrees to conditionally acquire 40% equity interest in
Shanghai Sinorail Diamond International Trading Co., Ltd. (Shanghai Sinorail),
a sino-foreign equity joint venture (EJV) incorporated under the laws of the
People' Republic of China (the PRC), from Mitsubishi for a consideration of
USD5,515,114.80 (the Acquisition). The consideration was based on the reference
to the net asset value of Shanghai Sinorail. Completion of the Acquisition
shall occur on the date on which the Acquisition has been approved by the
relevant authorities, the altered approval certificate of Shanghai Sinorail has
been obtained and the altered business licence has been obtained (the
Registrations), which shall be on or before July 15, 2011, or such later date
(Final Completion Date) as the Company and Mitsubishi agree should the process
of Registrations is delayed (Registration Delay). If the Acquisition cannot be
completed by the Final Completion Date, the Agreement shall no longer be
effective. After the completion of the Acquisition, Shanghai Sinorail shall be
held as to 40% by the Company, 50% by Beijing Railway Bureau, and 10% by
CRCEBG.
Mitsubishi
Corporation And Korea Gas Corporation Signs MOU On LNG Partnership-Reuters Feb
25, 2011
Reuters reported
that Mitsubishi Corporation has signed a memorandum of understanding (MOU) with
Korea Gas Corporation (KOGAS) on a strategic partnership in the natural gas
business. The cooperation is mainly for the liquefied natural gas (LNG)
business. KOGAS has been considering selling a 10% stake in Australia's
Gladstone LNG project, with Mitsubishi mentioned in the market as a possible
buyer. The MOU will allow for joint studies on development of LNG and
unconventional natural gas projects.
Mitsubishi
Corporation And Korea Gas Corporation Signs MOU On LNG Partnership-Reuters Feb
25, 2011
Reuters reported
that Mitsubishi Corporation has signed a memorandum of understanding (MOU) with
Korea Gas Corporation (KOGAS) on a strategic partnership in the natural gas
business. The cooperation is mainly for the liquefied natural gas (LNG)
business. KOGAS has been considering selling a 10% stake in Australia's
Gladstone LNG project, with Mitsubishi mentioned in the market as a possible
buyer. The MOU will allow for joint studies on development of LNG and
unconventional natural gas projects.
Acciona SA Sells
Stake 15% Stake In ACCIONA Termosolar SL To Mitsubishi Corporation's Diamond
Solar Europe Ltd Feb 24, 2011
Acciona SA
announced that it has reached an agreement with Mitsubishi Corporation'
subsidiary Diamond Solar Europe Ltd for the acquisition of a 15% stake in
ACCIONA Termosolar SL, a subsidiary of ACCIONA's Energy Division, with the
possibility of increasing its shareholding in an additional 2%. The price of
the transaction is EUR 45,791,945, which corresponds to EUR 38,103,608 as price
for the acquisition of the shareholding and EUR 7,688,337 for the assumption of
underlying debt. The terms of the transaction are subject to conditions
precedent, to be fulfilled imminently.
Acciona SA Sells
Stake 15% Stake In ACCIONA Termosolar SL To Mitsubishi Corporation's Diamond
Solar Europe Ltd Feb 24, 2011
Acciona SA
announced that it has reached an agreement with Mitsubishi Corporation'
subsidiary Diamond Solar Europe Ltd for the acquisition of a 15% stake in
ACCIONA Termosolar SL, a subsidiary of ACCIONA's Energy Division, with the possibility
of increasing its shareholding in an additional 2%. The price of the
transaction is EUR 45,791,945, which corresponds to EUR 38,103,608 as price for
the acquisition of the shareholding and EUR 7,688,337 for the assumption of
underlying debt. The terms of the transaction are subject to conditions
precedent, to be fulfilled imminently.
Mitsubishi
Corporation and The Tokyo Electric Power Company, Inc. to Jointly Invest in
Thailand-based Company
Feb 23, 2011
Mitsubishi
Corporation announced that its subsidiary A will acquire a 13.36% stake in a
Thailand-based company, from a Hong Kong-based electric power company.
Subsidiary A will also acquire a 11.21% stake in the Thailand-based company,
from a joint venture, established by Mitsubishi and the Hong Kong-based
electric power company. The Tokyo Electric Power Company, Inc. will acquire a
50% stake in subsidiary A. As a result, Mitsubishi Corporation and The Tokyo
Electric Power Company, Inc. will hold a 12.286% stake in the Thailand-based
company, through subsidiary A.
Mitsubishi Corporation and The Tokyo Electric Power Company, Inc. to
Jointly Invest in Thailand-based Company
Feb 23, 2011
Mitsubishi
Corporation announced that its subsidiary A will acquire a 13.36% stake in a
Thailand-based company, from a Hong Kong-based electric power company.
Subsidiary A will also acquire a 11.21% stake in the Thailand-based company,
from a joint venture, established by Mitsubishi and the Hong Kong-based
electric power company. The Tokyo Electric Power Company, Inc. will acquire a
50% stake in subsidiary A. As a result, Mitsubishi Corporation and The Tokyo
Electric Power Company, Inc. will hold a 12.286% stake in the Thailand-based
company, through subsidiary A.
Mitsubishi
Corporation Announces Integration among Ryoshoku Limited and Three Other
Subsidiaries
Feb 18, 2011
Mitsubishi
Corporation announced that it has agreed on discussion of integration among
four subsidiaries, Ryoshoku Limited, Meidi-ya Corporation, SAN-ESU INC., and
Food Service Network Co.,Ltd. Through the integration, Ryoshoku Limited will
conduct stock swap with three other companies. Ryoshoku Limited will exchange
one share of Meidi-ya Corporation's stock with 8.058 shares of Ryoshoku
Limited's stock; exchange one share of SAN-ESU INC.'s stock with 0.165 share of
Ryoshoku Limited's stock and exchange one share of Food Service Network stock
with 107,439 share of Ryoshoku Limited's stock. After these transactions,
Meidi-ya Corporation, SAN-ESU INC., and Food Service Network Co.,Ltd. will
become wholly owned subsidiaries of Ryoshoku Limited.
Mitsubishi
Corporation Announces Integration among Ryoshoku Limited and Three Other
Subsidiaries Feb 18, 2011
Mitsubishi
Corporation announced that it has agreed on discussion of integration among
four subsidiaries, Ryoshoku Limited, Meidi-ya Corporation, SAN-ESU INC., and
Food Service Network Co.,Ltd. Through the integration, Ryoshoku Limited will
conduct stock swap with three other companies. Ryoshoku Limited will exchange
one share of Meidi-ya Corporation's stock with 8.058 shares of Ryoshoku
Limited's stock; exchange one share of SAN-ESU INC.'s stock with 0.165 share of
Ryoshoku Limited's stock and exchange one share of Food Service Network stock
with 107,439 share of Ryoshoku Limited's stock. After these transactions,
Meidi-ya Corporation, SAN-ESU INC., and Food Service Network Co.,Ltd. will
become wholly owned subsidiaries of Ryoshoku Limited.
SBM Offshore N.V.
And Mitsubishi Corporation Sign Long-Term Cooperation Agreement Feb 16, 2011
SBM Offshore N.V. announced
that it has signed a long-term cooperation agreement with Mitsubishi
Corporation to jointly pursue FPSO lease and operate projects worldwide,
subject to pre-existing agreements of each of the companies. Mitsubishi will be
an equity partner with SBM Offshore for the ownership and operation of FPSOs.
SBM Offshore will be responsible for the EPCI supply of these units and act as
the operator on behalf of the partnership. The new cooperation with Mitsubishi
will provide SBM Offshore with substantial equity capability for new lease
projects, enable the partnership to attract competitive financing from a wide
range of sources and also provide access to Mitsubishi Corporation's global
business network with more than 200 bases of operations in 80 countries around
the world.
SBM Offshore N.V.
And Mitsubishi Corporation Sign Long-Term Cooperation Agreement Feb 16, 2011
SBM Offshore N.V.
announced that it has signed a long-term cooperation agreement with Mitsubishi
Corporation to jointly pursue FPSO lease and operate projects worldwide,
subject to pre-existing agreements of each of the companies. Mitsubishi will be
an equity partner with SBM Offshore for the ownership and operation of FPSOs.
SBM Offshore will be responsible for the EPCI supply of these units and act as
the operator on behalf of the partnership. The new cooperation with Mitsubishi
will provide SBM Offshore with substantial equity capability for new lease
projects, enable the partnership to attract competitive financing from a wide
range of sources and also provide access to Mitsubishi Corporation's global
business network with more than 200 bases of operations in 80 countries around
the world.
Mitsubishi
Corporation To Buy Premier Foods Unit For $293 Million-Reuters Feb 08, 2011
Reuters reported
that Mitsubishi Corporation's wholly owned British unit has agreed to buy
British food company Premier Foods' canned grocery operations, including its
two plants, for GBP182 million ($293.2 million).
Mitsubishi
Corporation To Buy Premier Foods Unit For $293 Million-Reuters Feb 08, 2011
Reuters reported
that Mitsubishi Corporation's wholly owned British unit has agreed to buy
British food company Premier Foods' canned grocery operations, including its
two plants, for GBP182 million ($293.2 million).
Mitsubishi
Corporation Completes Acquiring Resin and Emulsifier Business from Momentive
Specialty Chemicals Inc. Feb 01, 2011
Harima Chemicals,
Inc. announced that it has completed acquiring the resin and emulsifier related
business from Momentive Specialty Chemicals Inc., with Mitsubishi Corporation
in February 2011. Harima Chemicals and Mitsubishi have established a joint
venture, Lawter B.V., on January 18, 2011 to acquire the business. Harima
Chemicals holds a 90.0% stake in the joint venture and Mitsubishi Corporation
holds a 10.0% stake in the joint venture.
Mitsubishi
Corporation Completes Acquiring Resin and Emulsifier Business from Momentive
Specialty Chemicals Inc. Feb 01, 2011
Harima Chemicals,
Inc. announced that it has completed acquiring the resin and emulsifier related
business from Momentive Specialty Chemicals Inc., with Mitsubishi Corporation
in February 2011. Harima Chemicals and Mitsubishi have established a joint
venture, Lawter B.V., on January 18, 2011 to acquire the business. Harima
Chemicals holds a 90.0% stake in the joint venture and Mitsubishi Corporation
holds a 10.0% stake in the joint venture.
Mitsubishi
Corporation Acquires Interests in Indonesia Natural Gas Mining Area Jan 31,
2011
Mitsubishi
Corporation announced that it has acquired 100% stake in Tomori E&P Limited
from PT. Medco Energi Internasional Tbk for USD 260 million. As a result,
Mitsubishi Corporation now holds 20% interests in an Indonesia-based natural
gas mining area.
LAWSON, INC. to
Acquire Shares of Venture Republic Inc. from Mitsubishi Corporation Jan 28,
2011
Venture Republic
Inc. announced that Mitsubishi Corporation will sell its holding shares of
Venture Republic to LAWSON, INC. effective February 2, 2011. As a result,
Mitsubishi Corporation will hold no voting rights in Venture Republic, down
from 41.23%.
Mitsubishi
Corporation And Royal Dutch Shell PLC In Talks With Iraq On Natural Gas
Processing Plant Project In Middle Eastern Country-DJ Jan 26, 2011
Dow Jones reported
that According to Deputy Minister for Refining and Gas Processing at Iraq's
Ministry of Oil Mitsubishi Corporation And Royal Dutch Shell plc are in talks
with Iraq on a natural gas processing plant project in the Middle Eastern
country, with Mitsubishi planning a floating liquefied natural gas plant to
export part of the feedstock gas, Ahmed Al-Shamma. The comment follows Iraq's
oil ministry's remarks in December, in which the ministry said it was hoping to
sign a $12 billion deal with Royal Dutch Shell and Mitsubishi to capture gas
being flared from southern oil fields in order to help boost the country's
power generation. Al-Shamma didn't say whether the planned floating LNG plant
was part of the $12 billion deal. The remaining natural gas will be used in the
domestic market, he added. A spokesman for Mitsubishi Corp. said the company
was considering producing and exporting LNG from the project, but didn't give
details.
Mitsubishi
Corporation And Royal Dutch Shell PLC In Talks With Iraq On Natural Gas
Processing Plant Project In Middle Eastern Country-DJ Jan 26, 2011
Dow Jones reported
that According to Deputy Minister for Refining and Gas Processing at Iraq's
Ministry of Oil Mitsubishi Corporation And Royal Dutch Shell plc are in talks
with Iraq on a natural gas processing plant project in the Middle Eastern
country, with Mitsubishi planning a floating liquefied natural gas plant to
export part of the feedstock gas, Ahmed Al-Shamma. The comment follows Iraq's
oil ministry's remarks in December, in which the ministry said it was hoping to
sign a $12 billion deal with Royal Dutch Shell and Mitsubishi to capture gas
being flared from southern oil fields in order to help boost the country's
power generation. Al-Shamma didn't say whether the planned floating LNG plant
was part of the $12 billion deal. The remaining natural gas will be used in the
domestic market, he added. A spokesman for Mitsubishi Corp. said the company
was considering producing and exporting LNG from the project, but didn't give
details.
Mitsubishi
Corporation To Produce LNG In Indonesia In Joint Venture-DJ Jan 21, 2011
Dow Jones reported
that Mitsubishi Corporation will pursue production of liquefied natural gas in
Indonesia through a joint venture with state-run PT Pertamina (Persero) and
Korea Gas Corp., according to the Nikkei. Mitsubishi Corporation and its
partners will oversee the construction of an LNG base in Sulawesi that will
supply an annual 2 million tons starting in the second half of 2014. Overall
project costs are to reach JPY230 billion.
Mitsubishi
Corporation To Produce LNG In Indonesia In Joint Venture-DJ Jan 21, 2011
Dow Jones reported
that Mitsubishi Corporation will pursue production of liquefied natural gas in
Indonesia through a joint venture with state-run PT Pertamina (Persero) and
Korea Gas Corp., according to the Nikkei. Mitsubishi Corporation and its
partners will oversee the construction of an LNG base in Sulawesi that will
supply an annual 2 million tons starting in the second half of 2014. Overall
project costs are to reach JPY230 billion.
Japan Partners
With Gazprom OAO, Mitsui & Co., Ltd. And Mitsubishi Corporation To Build
LNG Plant Near Vladivostok-DJ Jan 17, 2011
Dow Jones reported
that Gazprom OAO has signed a deal with Japan on a possible joint construction
of a liquified natural gas plant near Vladivostok in Russia's Far East. Under
the deal, the two sides will this year undertake a joint front end engineering
design on constructing an LNG plant near Vladivostok. Japanese companies Mitsui
& Co., Ltd. and Mitsubishi Corporation already partner with Gazprom on
Russia's only LNG plant at the Sakhalin-2 natural gas development project on
Sakhalin Island. The deal was signed by Alexei Miller, Gazprom's Chief
Executive, and Tetsuhiro Hosono, Director of Japan's agency for natural
resources and energy under the Ministry of Economy, Trade and Industry.
Japan Partners
With Gazprom OAO, Mitsui & Co., Ltd. And Mitsubishi Corporation To Build
LNG Plant Near Vladivostok-DJ
Jan 17, 2011
Dow Jones reported
that Gazprom OAO has signed a deal with Japan on a possible joint construction
of a liquified natural gas plant near Vladivostok in Russia's Far East. Under
the deal, the two sides will this year undertake a joint front end engineering
design on constructing an LNG plant near Vladivostok. Japanese companies Mitsui
& Co., Ltd. and Mitsubishi Corporation already partner with Gazprom on
Russia's only LNG plant at the Sakhalin-2 natural gas development project on
Sakhalin Island. The deal was signed by Alexei Miller, Gazprom's Chief Executive,
and Tetsuhiro Hosono, Director of Japan's agency for natural resources and
energy under the Ministry of Economy, Trade and Industry.
Mitsubishi
Corporation Receives Order of Paying Fine from Indonesia Fair Trade
Commission-Jiji Press Jan 05, 2011
Jiji Press
reported that Mitsubishi Corporation has received an order of paying a fine of
IDR 1.5 billion (approximately JPY 137 million) from Indonesia Fair Trade
Commission, for the Company's violation of antitrust laws on liquefied natural
gas(LNG) business.
Mitsubishi
Corporation Receives Order of Paying Fine from Indonesia Fair Trade
Commission-Jiji Press Jan 05, 2011
Jiji Press
reported that Mitsubishi Corporation has received an order of paying a fine of
IDR 1.5 billion (approximately JPY 137 million) from Indonesia Fair Trade
Commission, for the Company's violation of antitrust laws on liquefied natural
gas(LNG) business.
Harima Chemicals,
Inc. to Acquire Resin and Emulsifier Business from Momentive Specialty
Chemicals Inc.
Nov 30, 2010
Harima Chemicals,
Inc. announced that it will acquire the resin and emulsifier related business
from Momentive Specialty Chemicals Inc. for USD 120 million, with Mitsubishi
Corporation in February 2011. Harima Chemicals and Mitsubishi will establish a
joint venture to acquire the business. Harima Chemicals will hold over 90%
stake in the joint venture.
Harima Chemicals,
Inc. to Acquire Resin and Emulsifier Business from Momentive Specialty
Chemicals Inc. Nov 30, 2010
Harima Chemicals,
Inc. announced that it will acquire the resin and emulsifier related business
from Momentive Specialty Chemicals Inc. for USD 120 million, with Mitsubishi
Corporation in February 2011. Harima Chemicals and Mitsubishi will establish a
joint venture to acquire the business. Harima Chemicals will hold over 90%
stake in the joint venture.
Mitsubishi
Corporation and Zhejiang Cheeyo to Set up Car Leasing Joint Venture-SinoCast
Transportation Beat
Nov 23, 2010
SinoCast
Transportation Beat reported that Mitsubishi Corporation with USD 20 million,
will join forces with China's Zhejiang Cheeyo to set up a car leasing venture,
according to sources from the Chinese firm.
Mitsubishi
Corporation and Zhejiang Cheeyo to Set up Car Leasing Joint Venture-SinoCast
Transportation Beat
Nov 23, 2010
SinoCast
Transportation Beat reported that Mitsubishi Corporation with USD 20 million,
will join forces with China's Zhejiang Cheeyo to set up a car leasing venture,
according to sources from the Chinese firm.
Rokko Butter Co.,
Ltd. to Sell Treasury Shares to Mitsubishi Corporation Nov 22, 2010
Rokko Butter Co.,
Ltd. announced that it has decided to sell 1,072,000 shares of its common stock
at the price of JPY 423 per share, or JPY 453,456,000 in total, to Mitsubishi
Corporation through private placement, on December 27, 2010. As a result,
Mitsubishi Corporation's stake in Rokko Butter Co., Ltd. will increase from
15.00% to 20.00%.
Rokko Butter Co.,
Ltd. to Sell Treasury Shares to Mitsubishi Corporation Nov 22, 2010
Rokko Butter Co.,
Ltd. announced that it has decided to sell 1,072,000 shares of its common stock
at the price of JPY 423 per share, or JPY 453,456,000 in total, to Mitsubishi
Corporation through private placement, on December 27, 2010. As a result,
Mitsubishi Corporation's stake in Rokko Butter Co., Ltd. will increase from
15.00% to 20.00%.
Mitsubishi Corporation Invests in Q.P. Corporation's Subsidiary-The
Sankei Shimbun Nov 13, 2010
The Sankei Shimbun
reported that Q.P. Corporation has established a subsidiary in Vietnam. The
subsidiary is mainly engaged in manufacturing and sale of mayonnaise and
dressing. Q.P. Corporation invests a 90% stake in the subsidiary, and
Mitsubishi Corporation invests a 10% stake in the subsidiary.
Mitsubishi
Corporation Invests in Q.P. Corporation's Subsidiary-The Sankei Shimbun Nov 13,
2010
The Sankei Shimbun
reported that Q.P. Corporation has established a subsidiary in Vietnam. The
subsidiary is mainly engaged in manufacturing and sale of mayonnaise and
dressing. Q.P. Corporation invests a 90% stake in the subsidiary, and
Mitsubishi Corporation invests a 10% stake in the subsidiary.
Japan Consortium
Including Mitsubishi Corporation Beats Rivals To Bolivian Lithium Project-DJ Nov
09, 2010
Dow Jones reported
that a Japanese public-private consortium has secured participation rights to a
lithium extraction test project in Bolivia, getting ahead of South Korea, China
and others in a fierce competition, according to The Nikkei. Japan now relies
on Chile for 86% of its lithium imports. Consortium members hope that taking
part in the experiment will lead to future lithium supplies from Bolivia. The
consortium consists of the Ministry of Economy, Trade and Industry; Kyoto
University; SUMITOMO CORPORATION; the Japan Oil, Gas and Metals National Corp.;
the National Institute of Advanced Industrial Science and Technology;
Mitsubishi Corporation; and the University of Kitakyushu. The project is
expected to run for roughly 18 months starting in early 2011 at a research
facility near Salar de Uyuni, a salt lake in the western part of Bolivia. It
will involve searching for the location for extracting lithium and developing
technologies for enhancing purity. The consortium will also provide support for
training local engineers, setting up a power generation facility and creating
an environment for natural resource development. Bolivia is believed to have
roughly half of the world's lithium reserves. With lithium ion batteries
expected to see much greater use in electric vehicles, demand for the metal
might exceed supplies by 2020. Competition among industrialized countries to
secure supplies from Bolivia is thus intensifying.
Japan Consortium
Including Mitsubishi Corporation Beats Rivals To Bolivian Lithium Project-DJ
Nov 09, 2010
Dow Jones reported
that a Japanese public-private consortium has secured participation rights to a
lithium extraction test project in Bolivia, getting ahead of South Korea, China
and others in a fierce competition, according to The Nikkei. Japan now relies
on Chile for 86% of its lithium imports. Consortium members hope that taking
part in the experiment will lead to future lithium supplies from Bolivia. The
consortium consists of the Ministry of Economy, Trade and Industry; Kyoto
University; SUMITOMO CORPORATION; the Japan Oil, Gas and Metals National Corp.;
the National Institute of Advanced Industrial Science and Technology;
Mitsubishi Corporation; and the University of Kitakyushu. The project is
expected to run for roughly 18 months starting in early 2011 at a research
facility near Salar de Uyuni, a salt lake in the western part of Bolivia. It
will involve searching for the location for extracting lithium and developing
technologies for enhancing purity. The consortium will also provide support for
training local engineers, setting up a power generation facility and creating
an environment for natural resource development. Bolivia is believed to have
roughly half of the world's lithium reserves. With lithium ion batteries
expected to see much greater use in electric vehicles, demand for the metal
might exceed supplies by 2020. Competition among industrialized countries to
secure supplies from Bolivia is thus intensifying.
Mitsubishi
Corporation Raises Year-end Dividend Forecast for FY Ending March 2011 Oct 29,
2010
Mitsubishi
Corporation announced that it has raised its year-end dividend forecast from
JPY 26 per share to JPY 30 per share, for the fiscal year ending March 2011.
Japan Trade
Ministry May Sell PNG LNG Project Stake-Reuters Oct 28, 2010
Reuters reported
that Japan's trade ministry may sell the government's majority-owned stake in a
Papua New Guinea oil and gas joint venture with JX Holdings, Inc. and
Mitsubishi Corporation. The ministry issued tenders seeking guidance on the
monetary value and legal research for its 62% stake in the venture, Japan Papua
New Guinea Petroleum Co. The tenders close in late November, 2010. Japan's JX
Nippon Oil & Gas Exploration Corp, a wholly owned unit of JX Holdings,
Inc., holds a 36.4% percent of the venture, while Mitsubishi Corporation has the
remaining 1.6%.
Japan Trade
Ministry May Sell PNG LNG Project Stake-Reuters Oct 28, 2010
Reuters reported
that Japan's trade ministry may sell the government's majority-owned stake in a
Papua New Guinea oil and gas joint venture with JX Holdings, Inc. and Mitsubishi
Corporation. The ministry issued tenders seeking guidance on the monetary value
and legal research for its 62% stake in the venture, Japan Papua New Guinea
Petroleum Co. The tenders close in late November, 2010. Japan's JX Nippon Oil
& Gas Exploration Corp, a wholly owned unit of JX Holdings, Inc., holds a
36.4% percent of the venture, while Mitsubishi Corporation has the remaining
1.6%.
Buru Energy
Limited Announces Commencement Of Drilling Operations At Paradise-1 Oct 19,
2010
Buru Energy Limited
announced that drilling operations at the Paradise-1 well commenced at 18:00
hrs, on October 18, 2010, (AWST). Paradise-1 is the third exploration well to
be drilled in the 2010 drilling program and the first in the joint exploration
program with Mitsubishi Corporation. The well is located in exploration permit
EP 428, on the boundary with EP 371. The primary objective of the Paradise-1
well is the sands of the Anderson and Laurel Formation with secondary targets
in the Grant Formation. The well will be drilled to a total depth of 2,500
metres with the well expected to take some 38 days to drill. Buru Energy
Limited holds a 60% interest in EP 428 and EP 371. Under the terms of the
farmin agreement between Buru Energy and Mitsubishi Corporation, Mitsubishi
Corporation holds a 40% interest in EP 428 and EP 371.
Buru Energy
Limited Announces Commencement Of Drilling Operations At Paradise-1 Oct 19,
2010
Buru Energy
Limited announced that drilling operations at the Paradise-1 well commenced at
18:00 hrs, on October 18, 2010, (AWST). Paradise-1 is the third exploration
well to be drilled in the 2010 drilling program and the first in the joint
exploration program with Mitsubishi Corporation. The well is located in
exploration permit EP 428, on the boundary with EP 371. The primary objective
of the Paradise-1 well is the sands of the Anderson and Laurel Formation with
secondary targets in the Grant Formation. The well will be drilled to a total
depth of 2,500 metres with the well expected to take some 38 days to drill.
Buru Energy Limited holds a 60% interest in EP 428 and EP 371. Under the terms
of the farmin agreement between Buru Energy and Mitsubishi Corporation,
Mitsubishi Corporation holds a 40% interest in EP 428 and EP 371.
Press clippings
INDONESIA,JAPAN : Mitsubishi to develop large-scale
substitute natural gas synthesis project in Indonesia
TendersInfo News
01 October 2011
[What follows is the full text of the article.]
Mitsubishi Heavy
Industries and Mitsubishi Corporation are all set to team up with the
Government of Indonesia, on a large-scale substitute natural gas synthesis
project based on low rank coal reserves in Sumatra.
According to
Mitsubishi, the deal comes after Indonesia-Japan Energy Round Table which took
place in November 2010. The companies are presently carrying out feasibility
study with the help of Indonesian and Japanese governments and is likely to be
finished by March 2012.
The partners are
focusing on the beginning of commercial operations in 2017 at a new substitute
natural gas synthesis plant, which will be Indonesia's first to be constructed
by MHI. The partners will confiscate the huge amount of carbon dioxide created
as a by-product from plant's operation, in underground. They will also evaluate
partial use of CO2 for better oil recovery. The project will also cover the
opening of a bilateral offset mechanism as per the deal between two
governments, under which the decrease in greenhouse gas will be accomplished
through the project.
Mitsubishi Heavy
Industries said, "Moves to bring the planned project to fruition are now
expected to advance rapidly.
According to
Mitsubishi Heavy Industries, through several Indonesian companies, both
state-owned and private, have already revealed their interest in the project,
clients for the gas aren t decided yet.
Mitsubishi Corp.
Files Patent Application for High-Pressure Hydrogen Producing Apparatus and
Producing Method
Indian Patent News
14 September 2011
[What follows is
the full text of the article.]
New Delhi, Sept.
14 -- Japan based Mitsubishi Corp. filed patent application for high-pressure
hydrogen producing apparatus and producing method. The inventor is Harada
Kiroyuki.
Mitsubishi Corp.
filed the patent application on Nov. 10, 2003. The patent application number is
01378/KOLNP/2004 A. The international classification number is C25B 1/12.
According to the
Controller General of Patents, Designs & Trade Marks, "An apparatus
and method for producing high-pressure hydrogen only by water electrolysis
stably, efficiently, and safely even with power generated by natural energy
such as sunshine without using a gas compressor. In the apparatus, a
water-electrolysis cell using a solid polymer electrolytic membrane,
particularly a bipolar stacked water-electrolysis cell having a specific
structure, is placed in a high pressure vessel in a hydrogen atmosphere
containing generated hydrogen, preferably cooled hydrogen. Pure water is
electrolyzed to produce hydrogen by this water-electrolysis cell while
suppressing the pressure exerted on the water-electrolysis cell below the
withstand pressure by using a differential pressure sensor and a pressure
regulator, thereby producing high-pressure hydrogen."
About the Company
Mitsubishi Corp.
(MC) is a global integrated business enterprise that develops and operates
businesses across virtually every industry including industrial finance,
energy, metals, machinery, chemicals, foods, and environmental business.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
Revenue |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
Total Revenue |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
47,344.0 |
37,918.6 |
46,606.8 |
42,506.4 |
33,547.7 |
|
Cost of Revenue, Total |
47,344.0 |
37,918.6 |
46,606.8 |
42,506.4 |
33,547.7 |
|
Gross Profit |
13,419.1 |
10,938.1 |
14,561.0 |
10,255.5 |
9,795.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
9,729.8 |
8,977.1 |
8,700.4 |
7,148.7 |
6,287.0 |
|
Total Selling/General/Administrative Expenses |
9,729.8 |
8,977.1 |
8,700.4 |
7,148.7 |
6,287.0 |
|
Total Operating Expense |
57,073.8 |
46,895.7 |
55,307.2 |
49,655.2 |
39,834.7 |
|
|
|
|
|
|
|
|
Operating Income |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-464.2 |
-541.9 |
-820.6 |
-757.5 |
-635.3 |
|
Interest Expense, Net Non-Operating |
-464.2 |
-541.9 |
-820.6 |
-757.5 |
-635.3 |
|
Interest Income -
Non-Operating |
386.0 |
405.8 |
588.6 |
650.0 |
512.1 |
|
Investment Income -
Non-Operating |
2,079.9 |
987.0 |
-310.4 |
1,680.3 |
1,908.5 |
|
Interest/Investment Income - Non-Operating |
2,465.9 |
1,392.9 |
278.2 |
2,330.3 |
2,420.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
2,001.8 |
850.9 |
-542.4 |
1,572.8 |
1,785.3 |
|
Gain (Loss) on Sale of Assets |
-29.8 |
-170.3 |
-450.2 |
-51.5 |
-26.4 |
|
Other Non-Operating Income (Expense) |
573.9 |
563.4 |
-1,004.4 |
206.1 |
-118.8 |
|
Other, Net |
573.9 |
563.4 |
-1,004.4 |
206.1 |
-118.8 |
|
Income Before Tax |
6,235.1 |
3,205.0 |
3,863.6 |
4,834.1 |
5,148.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
2,318.6 |
1,272.5 |
1,481.9 |
1,589.3 |
2,419.8 |
|
Income After Tax |
3,916.6 |
1,932.4 |
2,381.7 |
3,244.8 |
2,728.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-395.4 |
-194.9 |
-305.7 |
-449.9 |
-386.8 |
|
Equity In Affiliates |
1,884.1 |
1,219.7 |
1,560.1 |
1,356.1 |
1,255.8 |
|
Net Income Before Extraord Items |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
Discontinued Operations |
- |
- |
45.5 |
-31.5 |
-44.7 |
|
Total Extraord Items |
- |
- |
45.5 |
-31.5 |
-44.7 |
|
Net Income |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,643.7 |
1,643.1 |
1,642.4 |
1,659.0 |
1,687.1 |
|
Basic EPS Excl Extraord Items |
3.29 |
1.80 |
2.21 |
2.50 |
2.13 |
|
Basic/Primary EPS Incl Extraord Items |
3.29 |
1.80 |
2.24 |
2.48 |
2.11 |
|
Dilution Adjustment |
0.0 |
0.0 |
-0.1 |
-0.3 |
-0.2 |
|
Diluted Net Income |
5,405.3 |
2,957.2 |
3,681.4 |
4,119.1 |
3,552.9 |
|
Diluted Weighted Average Shares |
1,648.1 |
1,646.8 |
1,646.0 |
1,666.3 |
1,696.2 |
|
Diluted EPS Excl Extraord Items |
3.28 |
1.80 |
2.21 |
2.49 |
2.12 |
|
Diluted EPS Incl Extraord Items |
3.28 |
1.80 |
2.24 |
2.47 |
2.09 |
|
Dividends per Share - Common Stock Primary Issue |
0.76 |
0.41 |
0.52 |
0.49 |
0.39 |
|
Gross Dividends - Common Stock |
1,247.2 |
672.0 |
850.2 |
804.0 |
664.1 |
|
Interest Expense, Supplemental |
464.2 |
541.4 |
820.6 |
757.5 |
635.3 |
|
Depreciation, Supplemental |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Total Special Items |
29.8 |
170.3 |
450.2 |
51.5 |
26.4 |
|
Normalized Income Before Tax |
6,265.0 |
3,375.3 |
4,313.7 |
4,885.6 |
5,175.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
11.1 |
67.6 |
172.7 |
16.9 |
12.4 |
|
Inc Tax Ex Impact of Sp Items |
2,329.6 |
1,340.2 |
1,654.5 |
1,606.3 |
2,432.2 |
|
Normalized Income After Tax |
3,935.3 |
2,035.1 |
2,659.2 |
3,279.3 |
2,742.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5,424.0 |
3,059.9 |
3,913.6 |
4,185.5 |
3,611.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.30 |
1.86 |
2.38 |
2.52 |
2.14 |
|
Diluted Normalized EPS |
3.29 |
1.86 |
2.38 |
2.51 |
2.13 |
|
Amort of Intangibles, Supplemental |
196.7 |
174.9 |
170.0 |
- |
- |
|
Advertising Expense, Supplemental |
169.4 |
152.1 |
162.6 |
149.3 |
81.3 |
|
Research & Development Exp, Supplemental |
53.0 |
39.4 |
25.9 |
28.1 |
23.4 |
|
Reported Operating Profit |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
Normalized EBIT |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
Normalized EBITDA |
5,564.3 |
3,629.0 |
7,519.2 |
4,456.4 |
4,668.3 |
|
Interest Cost - Domestic |
128.8 |
126.6 |
122.7 |
108.3 |
92.9 |
|
Service Cost - Domestic |
142.7 |
123.4 |
121.5 |
108.1 |
106.2 |
|
Prior Service Cost - Domestic |
4.3 |
4.0 |
3.8 |
5.7 |
2.9 |
|
Expected Return on Assets - Domestic |
-84.3 |
-51.6 |
-91.6 |
-95.4 |
-95.1 |
|
Actuarial Gains and Losses - Domestic |
88.3 |
113.6 |
30.1 |
4.9 |
23.6 |
|
Other Pension, Net - Domestic |
11.7 |
8.8 |
17.9 |
3.2 |
-3.0 |
|
Domestic Pension Plan Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Total Pension Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Discount Rate - Domestic |
2.70% |
3.10% |
3.10% |
3.00% |
2.60% |
|
Expected Rate of Return - Domestic |
2.60% |
2.10% |
3.40% |
3.70% |
4.20% |
|
Compensation Rate - Domestic |
2.60% |
2.60% |
2.60% |
2.60% |
2.40% |
|
Total Plan Interest Cost |
128.8 |
126.6 |
122.7 |
108.3 |
92.9 |
|
Total Plan Service Cost |
142.7 |
123.4 |
121.5 |
108.1 |
106.2 |
|
Total Plan Expected Return |
-84.3 |
-51.6 |
-91.6 |
-95.4 |
-95.1 |
|
Total Plan Other Expense |
11.7 |
8.8 |
17.9 |
3.2 |
-3.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
14,584.2 |
11,564.0 |
12,302.3 |
7,536.3 |
6,383.1 |
|
Cash and Short Term Investments |
14,584.2 |
11,564.0 |
12,302.3 |
7,536.3 |
6,383.1 |
|
Accounts Receivable -
Trade, Gross |
25,740.8 |
21,605.6 |
22,132.7 |
29,691.3 |
23,882.5 |
|
Provision for Doubtful
Accounts |
-287.6 |
-323.4 |
-293.9 |
-300.9 |
-303.0 |
|
Trade Accounts Receivable - Net |
25,453.2 |
21,282.1 |
21,838.8 |
29,390.4 |
23,579.5 |
|
Notes Receivable - Short Term |
9,402.7 |
7,822.1 |
4,977.0 |
5,898.9 |
5,131.5 |
|
Other Receivables |
2,784.4 |
2,071.8 |
1,643.2 |
2,125.4 |
1,965.3 |
|
Total Receivables, Net |
37,640.3 |
31,176.0 |
28,458.9 |
37,414.8 |
30,676.4 |
|
Total Inventory |
11,711.8 |
9,080.1 |
10,184.6 |
10,805.9 |
7,780.1 |
|
Prepaid Expenses |
1,990.1 |
1,569.8 |
1,379.7 |
1,300.7 |
1,393.6 |
|
Deferred Income Tax - Current Asset |
709.0 |
478.0 |
640.9 |
628.7 |
325.3 |
|
Other Current Assets |
5,678.8 |
4,901.2 |
5,775.3 |
3,512.1 |
3,169.0 |
|
Other Current Assets, Total |
6,387.7 |
5,379.2 |
6,416.2 |
4,140.8 |
3,494.3 |
|
Total Current Assets |
72,314.1 |
58,769.2 |
58,741.7 |
61,198.5 |
49,727.5 |
|
|
|
|
|
|
|
|
Buildings |
10,252.2 |
9,121.5 |
7,949.4 |
7,966.0 |
5,719.4 |
|
Land/Improvements |
3,884.3 |
3,053.6 |
2,971.1 |
2,953.3 |
2,234.9 |
|
Machinery/Equipment |
20,461.7 |
18,058.0 |
15,374.8 |
15,973.3 |
10,917.2 |
|
Construction in
Progress |
1,340.8 |
725.1 |
606.0 |
599.1 |
469.6 |
|
Property/Plant/Equipment - Gross |
35,938.9 |
30,958.2 |
26,901.4 |
27,491.6 |
19,341.0 |
|
Accumulated Depreciation |
-14,995.3 |
-12,801.1 |
-10,935.2 |
-11,310.2 |
-7,645.0 |
|
Property/Plant/Equipment - Net |
20,943.6 |
18,157.1 |
15,966.2 |
16,181.5 |
11,696.0 |
|
Goodwill, Net |
593.7 |
517.6 |
496.3 |
543.4 |
294.3 |
|
Intangibles, Net |
929.9 |
777.3 |
743.0 |
738.8 |
553.3 |
|
LT Investment - Affiliate Companies |
15,927.9 |
13,255.2 |
10,988.7 |
11,336.6 |
11,051.9 |
|
LT Investments - Other |
18,366.5 |
17,459.1 |
15,423.3 |
21,125.5 |
18,524.9 |
|
Long Term Investments |
34,294.4 |
30,714.4 |
26,412.0 |
32,462.1 |
29,576.8 |
|
Note Receivable - Long Term |
6,166.8 |
5,692.0 |
5,518.8 |
5,176.1 |
4,044.9 |
|
Other Long Term Assets |
1,671.6 |
1,563.0 |
2,661.6 |
1,753.0 |
1,465.0 |
|
Other Long Term Assets, Total |
1,671.6 |
1,563.0 |
2,661.6 |
1,753.0 |
1,465.0 |
|
Total Assets |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
22,682.9 |
19,957.3 |
18,353.7 |
25,212.6 |
20,828.1 |
|
Accrued Expenses |
1,334.4 |
1,111.3 |
1,098.0 |
1,593.7 |
1,182.1 |
|
Notes Payable/Short Term Debt |
11,601.0 |
8,944.8 |
12,974.3 |
10,694.9 |
8,628.3 |
|
Current Portion - Long Term Debt/Capital Leases |
5,654.9 |
4,369.5 |
4,325.5 |
3,866.1 |
2,933.8 |
|
Customer Advances |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Income Taxes Payable |
775.7 |
438.7 |
429.2 |
626.0 |
1,170.1 |
|
Other Current Liabilities |
4,024.6 |
3,294.1 |
3,713.0 |
3,476.0 |
2,398.4 |
|
Other Current liabilities, Total |
6,763.7 |
5,336.5 |
5,659.6 |
5,457.1 |
4,807.8 |
|
Total Current Liabilities |
48,036.9 |
39,719.5 |
42,411.1 |
46,824.3 |
38,380.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
Total Long Term Debt |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
Total Debt |
55,730.2 |
48,053.5 |
52,409.3 |
45,673.9 |
35,804.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,600.3 |
2,166.2 |
1,086.1 |
4,028.2 |
4,799.5 |
|
Deferred Income Tax |
2,600.3 |
2,166.2 |
1,086.1 |
4,028.2 |
4,799.5 |
|
Minority Interest |
3,820.0 |
3,276.7 |
3,089.6 |
3,360.7 |
2,603.9 |
|
Pension Benefits - Underfunded |
587.1 |
583.6 |
862.4 |
519.7 |
394.7 |
|
Other Long Term Liabilities |
3,767.3 |
4,000.3 |
3,850.3 |
3,338.3 |
1,887.8 |
|
Other Liabilities, Total |
4,354.4 |
4,584.0 |
4,712.8 |
3,857.9 |
2,282.4 |
|
Total Liabilities |
97,285.9 |
84,485.5 |
86,409.0 |
89,184.0 |
72,308.3 |
|
|
|
|
|
|
|
|
Common Stock |
2,456.5 |
2,175.0 |
2,053.4 |
2,027.7 |
1,687.3 |
|
Common Stock |
2,456.5 |
2,175.0 |
2,053.4 |
2,027.7 |
1,687.3 |
|
Additional Paid-In Capital |
3,094.8 |
2,719.8 |
2,650.9 |
2,607.8 |
2,154.4 |
|
Retained Earnings (Accumulated Deficit) |
37,828.2 |
29,422.9 |
25,610.4 |
22,785.9 |
15,900.0 |
|
Treasury Stock - Common |
-1,829.8 |
-1,622.1 |
-1,534.4 |
-1,522.1 |
-11.7 |
|
Unrealized Gain (Loss) |
3,815.9 |
3,341.6 |
1,247.1 |
4,443.7 |
5,341.4 |
|
Translation Adjustment |
-4,777.6 |
-3,471.7 |
-4,869.0 |
-1,082.5 |
-40.5 |
|
Minimum Pension Liability Adjustment |
-959.9 |
-860.3 |
-1,027.8 |
-391.1 |
18.8 |
|
Other Equity, Total |
-5,737.5 |
-4,332.0 |
-5,896.8 |
-1,473.6 |
-21.7 |
|
Total Equity |
39,628.2 |
31,705.1 |
24,130.7 |
28,869.3 |
25,049.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
Total Common Shares Outstanding |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
Treasury Shares - Common Stock Primary Issue |
53.2 |
53.2 |
53.1 |
56.1 |
1.6 |
|
Employees |
58,470 |
58,583 |
60,095 |
60,664 |
55,867 |
|
Number of Common Shareholders |
253,316 |
233,034 |
281,707 |
154,977 |
182,787 |
|
Accumulated Intangible Amort, Suppl. |
1,268.5 |
1,033.4 |
893.9 |
- |
- |
|
Deferred Revenue - Current |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Pension Obligation - Domestic |
5,286.6 |
4,701.4 |
4,170.8 |
4,337.5 |
3,485.7 |
|
Plan Assets - Domestic |
5,018.2 |
4,370.7 |
3,432.8 |
4,552.7 |
4,238.0 |
|
Funded Status - Domestic |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Total Funded Status |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Discount Rate - Domestic |
2.70% |
2.70% |
3.10% |
3.10% |
3.00% |
|
Compensation Rate - Domestic |
2.50% |
2.60% |
2.60% |
2.60% |
2.60% |
|
Prepaid Benefits - Domestic |
298.4 |
223.8 |
90.5 |
678.6 |
1,077.5 |
|
Accrued Liabilities - Domestic |
-566.8 |
-554.5 |
-828.5 |
-463.4 |
-325.2 |
|
Net Assets Recognized on Balance Sheet |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Total Plan Obligations |
5,286.6 |
4,701.4 |
4,170.8 |
4,337.5 |
3,485.7 |
|
Total Plan Assets |
5,018.2 |
4,370.7 |
3,432.8 |
4,552.7 |
4,238.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
5,800.7 |
3,152.1 |
3,987.3 |
4,119.4 |
3,553.1 |
|
Depreciation |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Depreciation/Depletion |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Deferred Taxes |
351.2 |
62.4 |
-376.6 |
-208.8 |
307.7 |
|
Unusual Items |
-593.8 |
168.0 |
2,001.2 |
-1.1 |
-706.0 |
|
Equity in Net Earnings (Loss) |
-217.3 |
-189.8 |
-365.1 |
-427.8 |
-526.5 |
|
Other Non-Cash Items |
62.9 |
23.0 |
299.2 |
111.3 |
577.5 |
|
Non-Cash Items |
-748.2 |
1.2 |
1,935.2 |
-317.6 |
-655.0 |
|
Accounts Receivable |
-1,791.3 |
-726.3 |
7,080.3 |
-877.5 |
-1,499.1 |
|
Inventories |
-1,907.9 |
1,675.4 |
-545.8 |
-1,365.4 |
-635.5 |
|
Prepaid Expenses |
315.2 |
5.4 |
-608.8 |
-210.7 |
-12.6 |
|
Other Assets |
285.9 |
1,372.4 |
-956.9 |
-509.3 |
71.1 |
|
Accounts Payable |
684.6 |
1,248.1 |
-5,697.7 |
337.7 |
1,441.1 |
|
Accrued Expenses |
128.9 |
29.4 |
19.1 |
35.6 |
2.3 |
|
Other Liabilities |
-196.9 |
-108.3 |
-674.2 |
573.1 |
311.3 |
|
Other Operating Cash Flow |
-735.7 |
-10.9 |
-172.6 |
-134.9 |
148.2 |
|
Changes in Working Capital |
-3,217.0 |
3,485.2 |
-1,556.6 |
-2,151.3 |
-173.1 |
|
Cash from Operating Activities |
3,865.1 |
8,194.1 |
5,477.9 |
2,791.4 |
4,192.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2,668.3 |
-1,963.1 |
-3,793.3 |
-3,133.8 |
-1,420.4 |
|
Capital Expenditures |
-2,668.3 |
-1,963.1 |
-3,793.3 |
-3,133.8 |
-1,420.4 |
|
Sale of Fixed Assets |
517.7 |
218.6 |
237.5 |
280.2 |
399.9 |
|
Sale/Maturity of Investment |
4,426.2 |
3,965.3 |
821.2 |
1,275.3 |
1,679.8 |
|
Investment, Net |
40.6 |
74.6 |
-1,063.8 |
-66.4 |
-23.6 |
|
Purchase of Investments |
-3,392.5 |
-2,621.4 |
-1,456.0 |
-1,757.4 |
-2,376.6 |
|
Other Investing Cash Flow |
-1,988.1 |
-1,164.2 |
-1,624.4 |
281.8 |
-778.4 |
|
Other Investing Cash Flow Items, Total |
-396.2 |
472.8 |
-3,085.5 |
13.5 |
-1,098.9 |
|
Cash from Investing Activities |
-3,064.5 |
-1,490.2 |
-6,878.8 |
-3,120.3 |
-2,519.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-250.9 |
-357.9 |
-250.4 |
-186.6 |
-203.8 |
|
Financing Cash Flow Items |
-250.9 |
-357.9 |
-250.4 |
-186.6 |
-203.8 |
|
Cash Dividends Paid - Common |
-901.6 |
-583.4 |
-1,078.6 |
-786.8 |
-577.0 |
|
Total Cash Dividends Paid |
-901.6 |
-583.4 |
-1,078.6 |
-786.8 |
-577.0 |
|
Sale/Issuance of
Common |
5.7 |
6.7 |
5.3 |
- |
- |
|
Repurchase/Retirement
of Common |
-0.2 |
-0.2 |
-0.4 |
- |
-0.5 |
|
Common Stock, Net |
5.5 |
6.4 |
4.9 |
-1,300.8 |
-0.9 |
|
Issuance (Retirement) of Stock, Net |
5.5 |
6.4 |
4.9 |
-1,300.8 |
-0.9 |
|
Short Term Debt, Net |
1,484.6 |
-7,840.8 |
3,982.2 |
1,174.0 |
-70.9 |
|
Long Term Debt Issued |
6,701.4 |
5,569.6 |
8,981.4 |
5,774.0 |
4,164.4 |
|
Long Term Debt
Reduction |
-6,143.4 |
-4,921.1 |
-5,165.5 |
-4,065.9 |
-4,250.7 |
|
Long Term Debt, Net |
558.0 |
648.5 |
3,815.9 |
1,708.0 |
-86.3 |
|
Issuance (Retirement) of Debt, Net |
2,042.6 |
-7,192.3 |
7,798.2 |
2,882.0 |
-157.2 |
|
Cash from Financing Activities |
895.6 |
-8,127.2 |
6,474.1 |
607.8 |
-938.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-200.2 |
151.5 |
-445.8 |
-310.1 |
160.0 |
|
Net Change in Cash |
1,496.0 |
-1,271.7 |
4,627.3 |
-31.2 |
894.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12,609.7 |
12,897.8 |
7,465.1 |
6,593.8 |
5,550.5 |
|
Net Cash - Ending Balance |
14,105.8 |
11,626.1 |
12,092.4 |
6,562.7 |
6,444.9 |
|
Cash Interest Paid |
479.7 |
592.1 |
845.1 |
726.2 |
628.8 |
|
Cash Taxes Paid |
1,628.0 |
1,172.3 |
2,005.5 |
2,478.0 |
1,673.1 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Product Sales/Manufacturing |
53,574.6 |
42,690.6 |
54,180.8 |
46,194.6 |
37,154.5 |
|
Commissions |
7,188.4 |
6,166.0 |
6,987.0 |
6,567.2 |
6,188.8 |
|
Total Revenue |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
|
|
|
|
|
|
|
Cost of Sales |
47,344.0 |
37,918.6 |
46,606.8 |
42,506.4 |
33,547.7 |
|
Selling Gen.&Admin. |
9,623.2 |
8,924.5 |
8,613.0 |
7,182.9 |
6,275.9 |
|
Allow.Doubt.Act. |
106.7 |
52.6 |
87.4 |
-34.2 |
11.1 |
|
Total Operating Expense |
57,073.8 |
46,895.7 |
55,307.2 |
49,655.2 |
39,834.7 |
|
|
|
|
|
|
|
|
Interest Income |
386.0 |
405.8 |
588.6 |
650.0 |
512.1 |
|
Interest Expense |
-464.2 |
-541.9 |
-820.6 |
-757.5 |
-635.3 |
|
Dividend Income |
1,456.3 |
984.7 |
1,240.6 |
1,177.8 |
1,176.1 |
|
Mark.Sec. G/L |
623.6 |
2.3 |
-1,551.0 |
502.5 |
732.4 |
|
Fixed Asset G/L |
-29.8 |
-170.3 |
-450.2 |
-51.5 |
-26.4 |
|
Other Income/Loss |
573.9 |
563.4 |
-1,004.4 |
206.1 |
-118.8 |
|
Net Income Before Taxes |
6,235.1 |
3,205.0 |
3,863.6 |
4,834.1 |
5,148.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2,318.6 |
1,272.5 |
1,481.9 |
1,589.3 |
2,419.8 |
|
Net Income After Taxes |
3,916.6 |
1,932.4 |
2,381.7 |
3,244.8 |
2,728.9 |
|
|
|
|
|
|
|
|
Minority Int. |
-395.4 |
-194.9 |
-305.7 |
-449.9 |
-386.8 |
|
Equity Gain |
1,884.1 |
1,219.7 |
1,560.1 |
1,356.1 |
1,255.8 |
|
Net Income Before Extra. Items |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
Discontinued Operation |
- |
- |
45.5 |
-31.5 |
-44.7 |
|
Net Income |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,643.7 |
1,643.1 |
1,642.4 |
1,659.0 |
1,687.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
3.29 |
1.80 |
2.21 |
2.50 |
2.13 |
|
Basic EPS Including ExtraOrdinary Item |
3.29 |
1.80 |
2.24 |
2.48 |
2.11 |
|
Dilution Adjustment |
0.0 |
0.0 |
-0.1 |
-0.3 |
-0.2 |
|
Diluted Net Income |
5,405.3 |
2,957.2 |
3,681.4 |
4,119.1 |
3,552.9 |
|
Diluted Weighted Average Shares |
1,648.1 |
1,646.8 |
1,646.0 |
1,666.3 |
1,696.2 |
|
Diluted EPS Excluding ExtraOrd Items |
3.28 |
1.80 |
2.21 |
2.49 |
2.12 |
|
Diluted EPS Including ExtraOrd Items |
3.28 |
1.80 |
2.24 |
2.47 |
2.09 |
|
DPS-Common Stock |
0.76 |
0.41 |
0.52 |
0.49 |
0.39 |
|
Gross Dividends - Common Stock |
1,247.2 |
672.0 |
850.2 |
804.0 |
664.1 |
|
Normalized Income Before Taxes |
6,265.0 |
3,375.3 |
4,313.7 |
4,885.6 |
5,175.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2,329.6 |
1,340.2 |
1,654.5 |
1,606.3 |
2,432.2 |
|
Normalized Income After Taxes |
3,935.3 |
2,035.1 |
2,659.2 |
3,279.3 |
2,742.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5,424.0 |
3,059.9 |
3,913.6 |
4,185.5 |
3,611.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.30 |
1.86 |
2.38 |
2.52 |
2.14 |
|
Diluted Normalized EPS |
3.29 |
1.86 |
2.38 |
2.51 |
2.13 |
|
Interest Expense |
464.2 |
541.4 |
820.6 |
757.5 |
635.3 |
|
Amort of Intangibles, Supplemental |
196.7 |
174.9 |
170.0 |
- |
- |
|
Depreciation |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Advertising Expense, Supplemental |
169.4 |
152.1 |
162.6 |
149.3 |
81.3 |
|
Research & Development Exp, Supplemental |
53.0 |
39.4 |
25.9 |
28.1 |
23.4 |
|
Reported operating profit |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
Service cost |
142.7 |
123.4 |
121.5 |
108.1 |
106.2 |
|
Interest cost |
128.8 |
126.6 |
122.7 |
108.3 |
92.9 |
|
Expected return on plan asset |
-84.3 |
-51.6 |
-91.6 |
-95.4 |
-95.1 |
|
Actuarial G/L |
88.3 |
113.6 |
30.1 |
4.9 |
23.6 |
|
Prior service cost |
4.3 |
4.0 |
3.8 |
5.7 |
2.9 |
|
Liquidation loss |
11.7 |
8.8 |
17.9 |
3.2 |
-3.0 |
|
Domestic Pension Plan Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Total Pension Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Discount rate |
2.70% |
3.10% |
3.10% |
3.00% |
2.60% |
|
Compensation rate |
2.60% |
2.60% |
2.60% |
2.60% |
2.40% |
|
Plan asset expected rate of return |
2.60% |
2.10% |
3.40% |
3.70% |
4.20% |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Deposits |
14,584.2 |
11,564.0 |
12,302.3 |
7,536.3 |
6,383.1 |
|
Time Deposit |
1,224.8 |
1,134.4 |
1,144.4 |
115.9 |
111.3 |
|
ST Operating Assets |
514.5 |
596.7 |
608.1 |
882.7 |
1,095.4 |
|
Note & Loan Receivable |
9,402.7 |
7,822.1 |
4,977.0 |
5,898.9 |
5,131.5 |
|
Account & Other Receivable |
25,740.8 |
21,605.6 |
22,132.7 |
29,691.3 |
23,882.5 |
|
Claim to Affili. |
2,784.4 |
2,071.8 |
1,643.2 |
2,125.4 |
1,965.3 |
|
Doubtful Acct. |
-287.6 |
-323.4 |
-293.9 |
-300.9 |
-303.0 |
|
Inventories |
11,711.8 |
9,080.1 |
10,184.6 |
10,805.9 |
7,780.1 |
|
Prepaid Acct. |
1,990.1 |
1,569.8 |
1,379.7 |
1,300.7 |
1,393.6 |
|
Dfrd. Tax Asset |
709.0 |
478.0 |
640.9 |
628.7 |
325.3 |
|
Disp. of Fixed Assets |
- |
- |
0.0 |
65.6 |
0.0 |
|
Other Cur. Asset |
3,939.5 |
3,170.1 |
4,022.9 |
2,447.9 |
1,962.3 |
|
Total Current Assets |
72,314.1 |
58,769.2 |
58,741.7 |
61,198.5 |
49,727.5 |
|
|
|
|
|
|
|
|
Inv't & other claim-affiliated |
15,927.9 |
13,255.2 |
10,988.7 |
11,336.6 |
11,051.9 |
|
Other Investment |
18,366.5 |
17,459.1 |
15,423.3 |
21,125.5 |
18,524.9 |
|
Note&Loan Rcvbl. |
6,166.8 |
5,692.0 |
5,518.8 |
5,176.1 |
4,044.9 |
|
Doubtful Acct. |
-367.7 |
-352.5 |
-340.7 |
-407.7 |
-391.0 |
|
Real Estate for Sale |
837.3 |
1,142.4 |
1,067.6 |
968.8 |
682.6 |
|
Land |
3,884.3 |
3,053.6 |
2,971.1 |
2,953.3 |
2,234.9 |
|
Buildings |
9,414.9 |
7,979.1 |
6,881.8 |
6,997.2 |
5,036.8 |
|
Machinery&Equip. |
11,084.6 |
9,462.4 |
8,119.8 |
9,037.3 |
6,209.6 |
|
Airplane/Ship |
5,229.8 |
4,766.2 |
4,423.0 |
4,310.2 |
3,115.5 |
|
Mineral Properties |
4,147.2 |
3,829.5 |
2,832.0 |
2,625.9 |
1,592.1 |
|
Const.Progress |
1,340.8 |
725.1 |
606.0 |
599.1 |
469.6 |
|
Depriciation |
-14,995.3 |
-12,801.1 |
-10,935.2 |
-11,310.2 |
-7,645.0 |
|
Goodwill |
593.7 |
517.6 |
496.3 |
543.4 |
294.3 |
|
Intangible Asset |
929.9 |
777.3 |
743.0 |
738.8 |
553.3 |
|
Other Asset |
2,039.3 |
1,915.6 |
3,002.3 |
2,160.7 |
1,856.1 |
|
Total Assets |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
ST Borrowings |
7,925.6 |
5,939.7 |
10,518.6 |
7,458.9 |
5,338.4 |
|
Curr.LT Debt |
5,654.9 |
4,369.5 |
4,325.5 |
3,866.1 |
2,933.8 |
|
Note Payable |
1,996.6 |
1,625.7 |
1,583.4 |
1,982.2 |
2,039.6 |
|
Acct. Payable |
22,682.9 |
19,957.3 |
18,353.7 |
25,212.6 |
20,828.1 |
|
Affiliate Debt |
1,678.8 |
1,379.4 |
872.2 |
1,253.8 |
1,250.3 |
|
Cust. Advance |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Tax Payable |
775.7 |
438.7 |
429.2 |
626.0 |
1,170.1 |
|
Accrd. Expense |
1,334.4 |
1,111.3 |
1,098.0 |
1,593.7 |
1,182.1 |
|
Disp. Liabilities |
- |
- |
0.0 |
20.9 |
0.0 |
|
Other |
4,024.6 |
3,294.1 |
3,713.0 |
3,455.0 |
2,398.4 |
|
Total Current Liabilities |
48,036.9 |
39,719.5 |
42,411.1 |
46,824.3 |
38,380.1 |
|
|
|
|
|
|
|
|
LT Borrowings |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
Total Long Term Debt |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
|
|
|
|
|
|
|
Pension & Accured Retire |
587.1 |
583.6 |
862.4 |
519.7 |
394.7 |
|
Dfrd. Tax Liab. |
2,600.3 |
2,166.2 |
1,086.1 |
4,028.2 |
4,799.5 |
|
Other Liabs. |
3,767.3 |
4,000.3 |
3,850.3 |
3,338.3 |
1,887.8 |
|
Minority Int. |
3,820.0 |
3,276.7 |
3,089.6 |
3,360.7 |
2,603.9 |
|
Total Liabilities |
97,285.9 |
84,485.5 |
86,409.0 |
89,184.0 |
72,308.3 |
|
|
|
|
|
|
|
|
Common Stock |
2,456.5 |
2,175.0 |
2,053.4 |
2,027.7 |
1,687.3 |
|
Paid in Capital |
3,094.8 |
2,719.8 |
2,650.9 |
2,607.8 |
2,154.4 |
|
Legal Reserve |
526.9 |
462.2 |
426.6 |
414.9 |
327.3 |
|
Other Legal Res |
37,301.3 |
28,960.7 |
25,183.8 |
22,371.0 |
15,572.7 |
|
Unrlzd. Gain/Sec |
3,522.1 |
3,214.0 |
1,484.6 |
4,318.0 |
5,318.0 |
|
Loss Reval.Deriv |
293.8 |
127.6 |
-237.6 |
125.6 |
23.4 |
|
Pension Adj. |
-959.9 |
-860.3 |
-1,027.8 |
-391.1 |
18.8 |
|
Trans. Adjust. |
-4,777.6 |
-3,471.7 |
-4,869.0 |
-1,082.5 |
-40.5 |
|
Treas. Stock |
-1,829.8 |
-1,622.1 |
-1,534.4 |
-1,522.1 |
-11.7 |
|
Total Equity |
39,628.2 |
31,705.1 |
24,130.7 |
28,869.3 |
25,049.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
Total Common Shares Outstanding |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
T/S-Common Stock |
53.2 |
53.2 |
53.1 |
56.1 |
1.6 |
|
Deferred Revenue - Current |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Accumulated Intangible Amort, Suppl. |
1,268.5 |
1,033.4 |
893.9 |
- |
- |
|
Full-Time Employees |
58,470 |
58,583 |
60,095 |
60,664 |
55,867 |
|
Number of Common Shareholders |
253,316 |
233,034 |
281,707 |
154,977 |
182,787 |
|
Pension obligation |
5,286.6 |
4,701.4 |
4,170.8 |
4,337.5 |
3,485.7 |
|
Fair value of plan asset |
5,018.2 |
4,370.7 |
3,432.8 |
4,552.7 |
4,238.0 |
|
Funded status |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Total Funded Status |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Discount rate |
2.70% |
2.70% |
3.10% |
3.10% |
3.00% |
|
Compensation rate |
2.50% |
2.60% |
2.60% |
2.60% |
2.60% |
|
Prepaid pension |
298.4 |
223.8 |
90.5 |
678.6 |
1,077.5 |
|
Accrued payable |
-12.3 |
-7.3 |
-11.9 |
-9.5 |
-3.2 |
|
Pension liability |
-554.4 |
-547.2 |
-816.6 |
-453.9 |
-322.1 |
|
Net Assets Recognized on Balance Sheet |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
Annual Cash Flows
Financials in: USD
(mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net income |
5,800.7 |
3,152.1 |
3,987.3 |
4,119.4 |
3,553.1 |
|
Depreciation |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Doubtful Acct. |
106.7 |
52.6 |
87.4 |
-34.2 |
11.1 |
|
Retirement Expense |
-43.7 |
-29.6 |
211.8 |
145.5 |
140.2 |
|
G/L Mark.Sec. |
-623.6 |
-2.3 |
1,551.0 |
-502.5 |
-732.4 |
|
G/L Fixed Asset Sold |
29.8 |
170.3 |
450.2 |
51.5 |
26.4 |
|
Equity G/L |
-217.3 |
-189.8 |
-365.1 |
-427.8 |
-526.5 |
|
Deferred Tax |
351.2 |
62.4 |
-376.6 |
-208.8 |
307.7 |
|
Minority interest |
- |
- |
- |
449.9 |
- |
|
ST Investment |
-1.5 |
161.7 |
200.7 |
52.5 |
211.1 |
|
Acct. Rcvbl. |
-1,918.1 |
-169.9 |
6,846.6 |
-567.6 |
-1,737.4 |
|
Inventories |
-1,907.9 |
1,675.4 |
-545.8 |
-1,365.4 |
-635.5 |
|
Acct. Payable |
868.6 |
1,476.9 |
-5,680.0 |
38.8 |
1,589.2 |
|
Prepayment |
315.2 |
5.4 |
-608.8 |
-210.7 |
-12.6 |
|
Cust. Advance |
-470.0 |
-164.1 |
641.7 |
352.2 |
-55.8 |
|
Other Receivable |
126.8 |
-556.3 |
233.7 |
-309.9 |
238.3 |
|
Other Payable |
-184.0 |
-228.9 |
-17.6 |
298.9 |
-148.0 |
|
Accrd. Expense |
128.9 |
29.4 |
19.1 |
35.6 |
2.3 |
|
Other Curr.Asset |
287.4 |
1,210.7 |
-1,157.6 |
-561.8 |
-140.0 |
|
Other Curr.Liabl. |
266.1 |
-164.6 |
-1,166.6 |
-59.8 |
402.8 |
|
Other LT Liabl. |
7.0 |
220.3 |
-149.3 |
280.7 |
-35.7 |
|
Other |
-735.7 |
-10.9 |
-172.6 |
-134.9 |
148.2 |
|
Cash from Change in Sub. Fiscal Term |
- |
- |
- |
- |
426.2 |
|
Cash from Operating Activities |
3,865.1 |
8,194.1 |
5,477.9 |
2,791.4 |
4,192.4 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-2,668.3 |
-1,963.1 |
-3,793.3 |
-3,133.8 |
-1,420.4 |
|
Fixed Asset Sold |
517.7 |
218.6 |
237.5 |
280.2 |
399.9 |
|
Loans Made Affilia. |
-1,654.3 |
-1,210.1 |
-2,143.2 |
-2,093.3 |
-1,845.0 |
|
Loans Collect.Affil. |
496.3 |
534.4 |
498.5 |
2,540.8 |
1,026.7 |
|
Mark.Sec.Bought.-pur. |
-2,826.4 |
-1,977.7 |
-837.5 |
-856.2 |
-2,149.5 |
|
Mark.Sec.Sold/redemption |
3,662.0 |
2,860.9 |
406.3 |
1,014.4 |
1,386.1 |
|
Purch.ST & Other Inv. |
-566.1 |
-643.7 |
-618.5 |
-901.2 |
-227.1 |
|
Sale ST & Other Inv. |
764.1 |
1,104.3 |
414.8 |
260.9 |
293.7 |
|
Loans Made |
-3,238.7 |
-2,618.4 |
-2,132.2 |
-2,104.6 |
-1,622.6 |
|
Loans Collected |
2,408.6 |
2,129.9 |
2,152.5 |
1,938.8 |
1,662.5 |
|
Time Deposit, Net |
40.6 |
74.6 |
-1,063.8 |
-66.4 |
-23.6 |
|
Cash from Investing Activities |
-3,064.5 |
-1,490.2 |
-6,878.8 |
-3,120.3 |
-2,519.3 |
|
|
|
|
|
|
|
|
ST Debt, Net |
1,484.6 |
-7,840.8 |
3,982.2 |
1,174.0 |
-70.9 |
|
LT Debt Proceed |
6,701.4 |
5,569.6 |
8,981.4 |
5,774.0 |
4,164.4 |
|
LT Debt Repaid |
-6,143.4 |
-4,921.1 |
-5,165.5 |
-4,065.9 |
-4,250.7 |
|
New stock Issued /Stock Option |
5.7 |
6.7 |
5.3 |
- |
- |
|
Dividend Paid |
-901.6 |
-583.4 |
-1,078.6 |
-786.8 |
-577.0 |
|
Div. paid to min. shareholders from sub. |
-245.6 |
-148.6 |
-250.4 |
-195.5 |
-211.0 |
|
Purch subsid. equity(minority interest) |
-77.3 |
-209.2 |
0.0 |
- |
- |
|
Sale subsid. equity minority interest |
72.0 |
0.0 |
- |
- |
- |
|
Purch. of Trea. stock |
-0.2 |
-0.2 |
-0.4 |
- |
-0.5 |
|
Other |
- |
- |
- |
8.9 |
7.2 |
|
Treasury Stock |
- |
- |
- |
-1,300.8 |
-0.4 |
|
Cash from Financing Activities |
895.6 |
-8,127.2 |
6,474.1 |
607.8 |
-938.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-200.2 |
151.5 |
-445.8 |
-310.1 |
160.0 |
|
Net Change in Cash |
1,496.0 |
-1,271.7 |
4,627.3 |
-31.2 |
894.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12,609.7 |
12,897.8 |
7,465.1 |
6,593.8 |
5,550.5 |
|
Net Cash - Ending Balance |
14,105.8 |
11,626.1 |
12,092.4 |
6,562.7 |
6,444.9 |
|
Cash Interest Paid |
479.7 |
592.1 |
845.1 |
726.2 |
628.8 |
|
Cash Taxes Paid |
1,628.0 |
1,172.3 |
2,005.5 |
2,478.0 |
1,673.1 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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|
Ratio Comparisons
|
Traded: |
Financials in:
USD (actual units) |
|
Industry: Iron & Steel |
As of
30-Sep-2011 |
|
Sector: Basic Materials |
|
|
|
Company |
Industry |
Sector |
S&P 500 |
|
Valuation Ratios |
||||
|
P/E Excluding Extraordinary (TTM) |
6.00 |
35.92 |
24.91 |
19.68 |
|
P/E High Excluding Extraordinary - Last 5 Yrs |
14.68 |
65.79 |
40.00 |
32.79 |
|
P/E Low Excluding Extraordinary - Last 5 Yrs |
5.79 |
4.09 |
8.69 |
10.71 |
|
Beta |
1.30 |
1.72 |
1.47 |
1.00 |
|
Price/Revenue (TTM) |
0.50 |
0.71 |
2.38 |
2.57 |
|
Price/Book (MRQ) |
0.79 |
2.01 |
3.90 |
3.67 |
|
Price to Tangible Book (MRQ) |
0.80 |
3.37 |
5.81 |
5.21 |
|
Price to Cash Flow Per Share (TTM) |
5.94 |
25.61 |
13.98 |
14.22 |
|
Price to Free Cash Flow Per Share (TTM) |
39.26 |
21.58 |
37.21 |
26.26 |
|
|
|
|
|
|
|
Dividends |
||||
|
Dividend Yield |
4.08% |
1.98% |
1.75% |
2.26% |
|
Dividend Per Share - 5 Yr Avg |
51.40 |
2.32 |
2.50 |
1.99 |
|
Dividend 5 Yr Growth |
13.18% |
3.28% |
1.06% |
0.08% |
|
Payout Ratio (TTM) |
24.44% |
41.89% |
29.68% |
25.98% |
|
|
|
|
|
|
|
Growth Rates (%) |
||||
|
Revenue (MRQ) vs Qtr 1 Yr Ago |
8.29% |
31.48% |
20.15% |
15.58% |
|
Revenue (TTM) vs TTM 1 Yr Ago |
11.70% |
44.50% |
23.47% |
17.69% |
|
Revenue 5 Yr Growth |
1.53% |
8.01% |
7.38% |
8.97% |
|
EPS (MRQ) vs Qtr 1 Yr Ago |
-18.39% |
32.15% |
13.63% |
19.49% |
|
EPS (TTM) vs TTM 1 Yr Ago |
26.25% |
16.26% |
42.74% |
32.55% |
|
EPS 5 Yr Growth |
6.45% |
-29.33% |
8.05% |
9.86% |
|
Capital Spending 5 Yr Growth |
0.73% |
4.02% |
9.93% |
-2.04% |
|
|
|
|
|
|
|
Financial Strength |
||||
|
Quick Ratio (MRQ) |
1.28 |
1.63 |
1.78 |
1.24 |
|
Current Ratio (MRQ) |
1.52 |
2.95 |
2.73 |
1.79 |
|
LT Debt/Equity (MRQ) |
0.98 |
0.64 |
0.81 |
0.64 |
|
Total Debt/Equity (MRQ) |
1.41 |
0.67 |
0.88 |
0.73 |
|
Interest Coverage (TTM) |
- |
2.70 |
11.21 |
13.80 |
|
|
|
|
|
|
|
Profitability Ratios (%) |
||||
|
Gross Margin (TTM) |
21.35% |
9.63% |
32.32% |
45.21% |
|
Gross Margin - 5 Yr Avg |
22.03% |
20.70% |
31.54% |
44.91% |
|
EBITD Margin (TTM) |
8.28% |
5.21% |
22.23% |
24.43% |
|
EBITD Margin - 5 Yr Avg |
9.72% |
9.66% |
18.43% |
22.84% |
|
Operating Margin (TTM) |
5.55% |
1.70% |
16.99% |
20.63% |
|
Operating Margin - 5 Yr Avg |
6.86% |
6.55% |
13.64% |
18.28% |
|
Pretax Margin (TTM) |
9.31% |
1.15% |
15.86% |
17.95% |
|
Pretax Margin - 5 Yr Avg |
8.80% |
6.27% |
12.57% |
17.10% |
|
Net Profit Margin (TTM) |
5.61% |
0.49% |
11.55% |
13.65% |
|
Net Profit Margin - 5 Yr Avg |
5.35% |
4.19% |
8.64% |
12.10% |
|
Effective Tax Rate (TTM) |
39.75% |
29.59% |
28.04% |
28.45% |
|
Effective Tax rate - 5 Yr Avg |
39.18% |
30.40% |
29.65% |
29.92% |
|
|
|
|
|
|
|
Management Effectiveness (%) |
||||
|
Return on Assets (TTM) |
2.71% |
0.76% |
8.05% |
8.54% |
|
Return on Assets - 5 Yr Avg |
2.58% |
8.10% |
7.49% |
8.40% |
|
Return on Investment (TTM) |
4.31% |
0.62% |
5.86% |
7.90% |
|
Return on Investment - 5 Yr Avg |
4.35% |
6.31% |
5.78% |
8.27% |
|
Return on Equity (TTM) |
14.16% |
-0.76% |
18.78% |
19.72% |
|
Return on Equity - 5 Yr Avg |
14.27% |
14.92% |
17.45% |
20.06% |
|
|
|
|
|
|
|
Efficiency |
||||
|
Revenue/Employee (TTM) |
90,889,570.00 |
744,021.37 |
613,510.56 |
927,613.77 |
|
Net Income/Employee (TTM) |
5,099,419.00 |
14,768.98 |
82,492.56 |
116,121.92 |
|
Receivables Turnover (TTM) |
2.47 |
10.93 |
8.71 |
13.25 |
|
Inventory Turnover (TTM) |
4.74 |
8.10 |
8.16 |
14.53 |
|
Asset Turnover (TTM) |
0.48 |
1.31 |
0.82 |
0.93 |
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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Stock Report
Stock Snapshot
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Traded: |
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As of 30-Sep-2011 US Dollars |
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Traded: |
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As of 30-Sep-2011 US Dollars |
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Stock history
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
Revenue |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
Total Revenue |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
47,344.0 |
37,918.6 |
46,606.8 |
42,506.4 |
33,547.7 |
|
Cost of Revenue, Total |
47,344.0 |
37,918.6 |
46,606.8 |
42,506.4 |
33,547.7 |
|
Gross Profit |
13,419.1 |
10,938.1 |
14,561.0 |
10,255.5 |
9,795.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
9,729.8 |
8,977.1 |
8,700.4 |
7,148.7 |
6,287.0 |
|
Total Selling/General/Administrative Expenses |
9,729.8 |
8,977.1 |
8,700.4 |
7,148.7 |
6,287.0 |
|
Total Operating Expense |
57,073.8 |
46,895.7 |
55,307.2 |
49,655.2 |
39,834.7 |
|
|
|
|
|
|
|
|
Operating Income |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-464.2 |
-541.9 |
-820.6 |
-757.5 |
-635.3 |
|
Interest Expense, Net Non-Operating |
-464.2 |
-541.9 |
-820.6 |
-757.5 |
-635.3 |
|
Interest Income -
Non-Operating |
386.0 |
405.8 |
588.6 |
650.0 |
512.1 |
|
Investment Income -
Non-Operating |
2,079.9 |
987.0 |
-310.4 |
1,680.3 |
1,908.5 |
|
Interest/Investment Income - Non-Operating |
2,465.9 |
1,392.9 |
278.2 |
2,330.3 |
2,420.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
2,001.8 |
850.9 |
-542.4 |
1,572.8 |
1,785.3 |
|
Gain (Loss) on Sale of Assets |
-29.8 |
-170.3 |
-450.2 |
-51.5 |
-26.4 |
|
Other Non-Operating Income (Expense) |
573.9 |
563.4 |
-1,004.4 |
206.1 |
-118.8 |
|
Other, Net |
573.9 |
563.4 |
-1,004.4 |
206.1 |
-118.8 |
|
Income Before Tax |
6,235.1 |
3,205.0 |
3,863.6 |
4,834.1 |
5,148.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
2,318.6 |
1,272.5 |
1,481.9 |
1,589.3 |
2,419.8 |
|
Income After Tax |
3,916.6 |
1,932.4 |
2,381.7 |
3,244.8 |
2,728.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-395.4 |
-194.9 |
-305.7 |
-449.9 |
-386.8 |
|
Equity In Affiliates |
1,884.1 |
1,219.7 |
1,560.1 |
1,356.1 |
1,255.8 |
|
Net Income Before Extraord Items |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
Discontinued Operations |
- |
- |
45.5 |
-31.5 |
-44.7 |
|
Total Extraord Items |
- |
- |
45.5 |
-31.5 |
-44.7 |
|
Net Income |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,643.7 |
1,643.1 |
1,642.4 |
1,659.0 |
1,687.1 |
|
Basic EPS Excl Extraord Items |
3.29 |
1.80 |
2.21 |
2.50 |
2.13 |
|
Basic/Primary EPS Incl Extraord Items |
3.29 |
1.80 |
2.24 |
2.48 |
2.11 |
|
Dilution Adjustment |
0.0 |
0.0 |
-0.1 |
-0.3 |
-0.2 |
|
Diluted Net Income |
5,405.3 |
2,957.2 |
3,681.4 |
4,119.1 |
3,552.9 |
|
Diluted Weighted Average Shares |
1,648.1 |
1,646.8 |
1,646.0 |
1,666.3 |
1,696.2 |
|
Diluted EPS Excl Extraord Items |
3.28 |
1.80 |
2.21 |
2.49 |
2.12 |
|
Diluted EPS Incl Extraord Items |
3.28 |
1.80 |
2.24 |
2.47 |
2.09 |
|
Dividends per Share - Common Stock Primary Issue |
0.76 |
0.41 |
0.52 |
0.49 |
0.39 |
|
Gross Dividends - Common Stock |
1,247.2 |
672.0 |
850.2 |
804.0 |
664.1 |
|
Interest Expense, Supplemental |
464.2 |
541.4 |
820.6 |
757.5 |
635.3 |
|
Depreciation, Supplemental |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Total Special Items |
29.8 |
170.3 |
450.2 |
51.5 |
26.4 |
|
Normalized Income Before Tax |
6,265.0 |
3,375.3 |
4,313.7 |
4,885.6 |
5,175.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
11.1 |
67.6 |
172.7 |
16.9 |
12.4 |
|
Inc Tax Ex Impact of Sp Items |
2,329.6 |
1,340.2 |
1,654.5 |
1,606.3 |
2,432.2 |
|
Normalized Income After Tax |
3,935.3 |
2,035.1 |
2,659.2 |
3,279.3 |
2,742.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5,424.0 |
3,059.9 |
3,913.6 |
4,185.5 |
3,611.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.30 |
1.86 |
2.38 |
2.52 |
2.14 |
|
Diluted Normalized EPS |
3.29 |
1.86 |
2.38 |
2.51 |
2.13 |
|
Amort of Intangibles, Supplemental |
196.7 |
174.9 |
170.0 |
- |
- |
|
Advertising Expense, Supplemental |
169.4 |
152.1 |
162.6 |
149.3 |
81.3 |
|
Research & Development Exp, Supplemental |
53.0 |
39.4 |
25.9 |
28.1 |
23.4 |
|
Reported Operating Profit |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
Normalized EBIT |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
Normalized EBITDA |
5,564.3 |
3,629.0 |
7,519.2 |
4,456.4 |
4,668.3 |
|
Interest Cost - Domestic |
128.8 |
126.6 |
122.7 |
108.3 |
92.9 |
|
Service Cost - Domestic |
142.7 |
123.4 |
121.5 |
108.1 |
106.2 |
|
Prior Service Cost - Domestic |
4.3 |
4.0 |
3.8 |
5.7 |
2.9 |
|
Expected Return on Assets - Domestic |
-84.3 |
-51.6 |
-91.6 |
-95.4 |
-95.1 |
|
Actuarial Gains and Losses - Domestic |
88.3 |
113.6 |
30.1 |
4.9 |
23.6 |
|
Other Pension, Net - Domestic |
11.7 |
8.8 |
17.9 |
3.2 |
-3.0 |
|
Domestic Pension Plan Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Total Pension Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Discount Rate - Domestic |
2.70% |
3.10% |
3.10% |
3.00% |
2.60% |
|
Expected Rate of Return - Domestic |
2.60% |
2.10% |
3.40% |
3.70% |
4.20% |
|
Compensation Rate - Domestic |
2.60% |
2.60% |
2.60% |
2.60% |
2.40% |
|
Total Plan Interest Cost |
128.8 |
126.6 |
122.7 |
108.3 |
92.9 |
|
Total Plan Service Cost |
142.7 |
123.4 |
121.5 |
108.1 |
106.2 |
|
Total Plan Expected Return |
-84.3 |
-51.6 |
-91.6 |
-95.4 |
-95.1 |
|
Total Plan Other Expense |
11.7 |
8.8 |
17.9 |
3.2 |
-3.0 |
Interim Income Statement
Standardized
Financials in: USD (mil),
Except for share items (millions) and per share items (actual units),
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
9 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Restated Special |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
83.567582 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Net Sales |
17,196.7 |
46,800.1 |
15,687.5 |
14,592.7 |
14,073.6 |
|
Revenue |
17,196.7 |
46,800.1 |
15,687.5 |
14,592.7 |
14,073.6 |
|
Total Revenue |
17,196.7 |
46,800.1 |
15,687.5 |
14,592.7 |
14,073.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
13,601.9 |
36,735.6 |
12,270.1 |
11,096.0 |
10,719.6 |
|
Cost of Revenue, Total |
13,601.9 |
36,735.6 |
12,270.1 |
11,096.0 |
10,719.6 |
|
Gross Profit |
3,594.8 |
10,064.6 |
3,417.4 |
3,496.7 |
3,353.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2,563.0 |
7,540.0 |
2,584.6 |
2,389.1 |
2,211.8 |
|
Total Selling/General/Administrative Expenses |
2,563.0 |
7,540.0 |
2,584.6 |
2,389.1 |
2,211.8 |
|
Total Operating Expense |
16,164.9 |
44,275.6 |
14,854.7 |
13,485.1 |
12,931.4 |
|
|
|
|
|
|
|
|
Operating Income |
1,031.8 |
2,524.5 |
832.8 |
1,107.6 |
1,142.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-119.3 |
-352.8 |
-115.9 |
-119.2 |
-111.8 |
|
Interest Expense, Net Non-Operating |
-119.3 |
-352.8 |
-115.9 |
-119.2 |
-111.8 |
|
Interest Income -
Non-Operating |
107.1 |
300.9 |
95.3 |
100.3 |
86.1 |
|
Investment Income -
Non-Operating |
442.7 |
1,283.3 |
255.8 |
405.6 |
770.9 |
|
Interest/Investment Income - Non-Operating |
549.8 |
1,584.2 |
351.2 |
505.9 |
857.1 |
|
Interest Income (Expense) - Net Non-Operating Total |
430.6 |
1,231.4 |
235.3 |
386.7 |
745.3 |
|
Gain (Loss) on Sale of Assets |
-0.3 |
-22.8 |
16.4 |
-8.3 |
-7.1 |
|
Other Non-Operating Income (Expense) |
302.3 |
466.4 |
183.0 |
82.2 |
110.8 |
|
Other, Net |
302.3 |
466.4 |
183.0 |
82.2 |
110.8 |
|
Income Before Tax |
1,764.3 |
4,199.5 |
1,267.5 |
1,568.2 |
1,991.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
765.2 |
1,607.2 |
642.2 |
509.7 |
699.1 |
|
Income After Tax |
999.1 |
2,592.3 |
625.4 |
1,058.5 |
1,292.2 |
|
|
|
|
|
|
|
|
Minority Interest |
-106.3 |
-294.4 |
-97.6 |
-107.9 |
-100.8 |
|
Equity In Affiliates |
516.5 |
1,559.5 |
585.2 |
533.1 |
338.1 |
|
Net Income Before Extraord Items |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
Net Income |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,644.4 |
1,643.8 |
1,643.7 |
1,643.6 |
1,643.6 |
|
Basic EPS Excl Extraord Items |
0.86 |
2.35 |
0.68 |
0.90 |
0.93 |
|
Basic/Primary EPS Incl Extraord Items |
0.86 |
2.35 |
0.68 |
0.90 |
0.93 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
Diluted Weighted Average Shares |
1,648.5 |
1,648.5 |
1,648.3 |
1,647.9 |
1,647.6 |
|
Diluted EPS Excl Extraord Items |
0.85 |
2.34 |
0.68 |
0.90 |
0.93 |
|
Diluted EPS Incl Extraord Items |
0.85 |
2.34 |
0.68 |
0.90 |
0.93 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.78 |
0.00 |
0.30 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1,278.9 |
0.0 |
497.9 |
0.0 |
|
Interest Expense, Supplemental |
119.3 |
352.8 |
115.9 |
119.2 |
111.8 |
|
Depreciation, Supplemental |
438.0 |
1,307.2 |
419.2 |
411.8 |
375.5 |
|
Total Special Items |
0.3 |
22.8 |
-16.4 |
8.3 |
7.1 |
|
Normalized Income Before Tax |
1,764.6 |
4,222.3 |
1,251.1 |
1,576.5 |
1,998.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.1 |
8.7 |
-8.3 |
2.7 |
2.5 |
|
Inc Tax Ex Impact of Sp Items |
765.4 |
1,615.9 |
633.8 |
512.4 |
701.6 |
|
Normalized Income After Tax |
999.3 |
2,606.4 |
617.3 |
1,064.1 |
1,296.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,409.5 |
3,871.4 |
1,104.9 |
1,489.4 |
1,534.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.86 |
2.36 |
0.67 |
0.91 |
0.93 |
|
Diluted Normalized EPS |
0.85 |
2.35 |
0.67 |
0.90 |
0.93 |
|
Reported Operating Profit |
1,031.8 |
2,524.5 |
832.8 |
1,107.6 |
1,142.2 |
|
Normalized EBIT |
1,031.8 |
2,524.5 |
832.8 |
1,107.6 |
1,142.2 |
|
Normalized EBITDA |
1,469.7 |
3,831.7 |
1,252.0 |
1,519.4 |
1,517.7 |
|
Interest Cost - Domestic |
32.4 |
132.1 |
32.0 |
31.4 |
29.5 |
|
Service Cost - Domestic |
34.9 |
123.8 |
36.8 |
31.9 |
30.1 |
|
Prior Service Cost - Domestic |
1.1 |
4.4 |
1.2 |
1.1 |
1.1 |
|
Expected Return on Assets - Domestic |
-21.8 |
-86.5 |
-21.0 |
-20.2 |
-19.0 |
|
Actuarial Gains and Losses - Domestic |
22.9 |
90.4 |
21.8 |
21.2 |
20.0 |
|
Other Pension, Net - Domestic |
2.6 |
12.0 |
2.7 |
4.2 |
2.7 |
|
Domestic Pension Plan Expense |
72.2 |
276.3 |
73.6 |
69.6 |
64.6 |
|
Total Pension Expense |
72.2 |
276.3 |
73.6 |
69.6 |
64.6 |
|
Total Plan Interest Cost |
32.4 |
132.1 |
32.0 |
31.4 |
29.5 |
|
Total Plan Service Cost |
34.9 |
123.8 |
36.8 |
31.9 |
30.1 |
|
Total Plan Expected Return |
-21.8 |
-86.5 |
-21.0 |
-20.2 |
-19.0 |
|
Total Plan Other Expense |
2.6 |
12.0 |
2.7 |
4.2 |
2.7 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
14,584.2 |
11,564.0 |
12,302.3 |
7,536.3 |
6,383.1 |
|
Cash and Short Term Investments |
14,584.2 |
11,564.0 |
12,302.3 |
7,536.3 |
6,383.1 |
|
Accounts Receivable -
Trade, Gross |
25,740.8 |
21,605.6 |
22,132.7 |
29,691.3 |
23,882.5 |
|
Provision for Doubtful
Accounts |
-287.6 |
-323.4 |
-293.9 |
-300.9 |
-303.0 |
|
Trade Accounts Receivable - Net |
25,453.2 |
21,282.1 |
21,838.8 |
29,390.4 |
23,579.5 |
|
Notes Receivable - Short Term |
9,402.7 |
7,822.1 |
4,977.0 |
5,898.9 |
5,131.5 |
|
Other Receivables |
2,784.4 |
2,071.8 |
1,643.2 |
2,125.4 |
1,965.3 |
|
Total Receivables, Net |
37,640.3 |
31,176.0 |
28,458.9 |
37,414.8 |
30,676.4 |
|
Total Inventory |
11,711.8 |
9,080.1 |
10,184.6 |
10,805.9 |
7,780.1 |
|
Prepaid Expenses |
1,990.1 |
1,569.8 |
1,379.7 |
1,300.7 |
1,393.6 |
|
Deferred Income Tax - Current Asset |
709.0 |
478.0 |
640.9 |
628.7 |
325.3 |
|
Other Current Assets |
5,678.8 |
4,901.2 |
5,775.3 |
3,512.1 |
3,169.0 |
|
Other Current Assets, Total |
6,387.7 |
5,379.2 |
6,416.2 |
4,140.8 |
3,494.3 |
|
Total Current Assets |
72,314.1 |
58,769.2 |
58,741.7 |
61,198.5 |
49,727.5 |
|
|
|
|
|
|
|
|
Buildings |
10,252.2 |
9,121.5 |
7,949.4 |
7,966.0 |
5,719.4 |
|
Land/Improvements |
3,884.3 |
3,053.6 |
2,971.1 |
2,953.3 |
2,234.9 |
|
Machinery/Equipment |
20,461.7 |
18,058.0 |
15,374.8 |
15,973.3 |
10,917.2 |
|
Construction in
Progress |
1,340.8 |
725.1 |
606.0 |
599.1 |
469.6 |
|
Property/Plant/Equipment - Gross |
35,938.9 |
30,958.2 |
26,901.4 |
27,491.6 |
19,341.0 |
|
Accumulated Depreciation |
-14,995.3 |
-12,801.1 |
-10,935.2 |
-11,310.2 |
-7,645.0 |
|
Property/Plant/Equipment - Net |
20,943.6 |
18,157.1 |
15,966.2 |
16,181.5 |
11,696.0 |
|
Goodwill, Net |
593.7 |
517.6 |
496.3 |
543.4 |
294.3 |
|
Intangibles, Net |
929.9 |
777.3 |
743.0 |
738.8 |
553.3 |
|
LT Investment - Affiliate Companies |
15,927.9 |
13,255.2 |
10,988.7 |
11,336.6 |
11,051.9 |
|
LT Investments - Other |
18,366.5 |
17,459.1 |
15,423.3 |
21,125.5 |
18,524.9 |
|
Long Term Investments |
34,294.4 |
30,714.4 |
26,412.0 |
32,462.1 |
29,576.8 |
|
Note Receivable - Long Term |
6,166.8 |
5,692.0 |
5,518.8 |
5,176.1 |
4,044.9 |
|
Other Long Term Assets |
1,671.6 |
1,563.0 |
2,661.6 |
1,753.0 |
1,465.0 |
|
Other Long Term Assets, Total |
1,671.6 |
1,563.0 |
2,661.6 |
1,753.0 |
1,465.0 |
|
Total Assets |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
22,682.9 |
19,957.3 |
18,353.7 |
25,212.6 |
20,828.1 |
|
Accrued Expenses |
1,334.4 |
1,111.3 |
1,098.0 |
1,593.7 |
1,182.1 |
|
Notes Payable/Short Term Debt |
11,601.0 |
8,944.8 |
12,974.3 |
10,694.9 |
8,628.3 |
|
Current Portion - Long Term Debt/Capital Leases |
5,654.9 |
4,369.5 |
4,325.5 |
3,866.1 |
2,933.8 |
|
Customer Advances |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Income Taxes Payable |
775.7 |
438.7 |
429.2 |
626.0 |
1,170.1 |
|
Other Current Liabilities |
4,024.6 |
3,294.1 |
3,713.0 |
3,476.0 |
2,398.4 |
|
Other Current liabilities, Total |
6,763.7 |
5,336.5 |
5,659.6 |
5,457.1 |
4,807.8 |
|
Total Current Liabilities |
48,036.9 |
39,719.5 |
42,411.1 |
46,824.3 |
38,380.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
Total Long Term Debt |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
Total Debt |
55,730.2 |
48,053.5 |
52,409.3 |
45,673.9 |
35,804.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,600.3 |
2,166.2 |
1,086.1 |
4,028.2 |
4,799.5 |
|
Deferred Income Tax |
2,600.3 |
2,166.2 |
1,086.1 |
4,028.2 |
4,799.5 |
|
Minority Interest |
3,820.0 |
3,276.7 |
3,089.6 |
3,360.7 |
2,603.9 |
|
Pension Benefits - Underfunded |
587.1 |
583.6 |
862.4 |
519.7 |
394.7 |
|
Other Long Term Liabilities |
3,767.3 |
4,000.3 |
3,850.3 |
3,338.3 |
1,887.8 |
|
Other Liabilities, Total |
4,354.4 |
4,584.0 |
4,712.8 |
3,857.9 |
2,282.4 |
|
Total Liabilities |
97,285.9 |
84,485.5 |
86,409.0 |
89,184.0 |
72,308.3 |
|
|
|
|
|
|
|
|
Common Stock |
2,456.5 |
2,175.0 |
2,053.4 |
2,027.7 |
1,687.3 |
|
Common Stock |
2,456.5 |
2,175.0 |
2,053.4 |
2,027.7 |
1,687.3 |
|
Additional Paid-In Capital |
3,094.8 |
2,719.8 |
2,650.9 |
2,607.8 |
2,154.4 |
|
Retained Earnings (Accumulated Deficit) |
37,828.2 |
29,422.9 |
25,610.4 |
22,785.9 |
15,900.0 |
|
Treasury Stock - Common |
-1,829.8 |
-1,622.1 |
-1,534.4 |
-1,522.1 |
-11.7 |
|
Unrealized Gain (Loss) |
3,815.9 |
3,341.6 |
1,247.1 |
4,443.7 |
5,341.4 |
|
Translation Adjustment |
-4,777.6 |
-3,471.7 |
-4,869.0 |
-1,082.5 |
-40.5 |
|
Minimum Pension Liability Adjustment |
-959.9 |
-860.3 |
-1,027.8 |
-391.1 |
18.8 |
|
Other Equity, Total |
-5,737.5 |
-4,332.0 |
-5,896.8 |
-1,473.6 |
-21.7 |
|
Total Equity |
39,628.2 |
31,705.1 |
24,130.7 |
28,869.3 |
25,049.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
Total Common Shares Outstanding |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
Treasury Shares - Common Stock Primary Issue |
53.2 |
53.2 |
53.1 |
56.1 |
1.6 |
|
Employees |
58,470 |
58,583 |
60,095 |
60,664 |
55,867 |
|
Number of Common Shareholders |
253,316 |
233,034 |
281,707 |
154,977 |
182,787 |
|
Accumulated Intangible Amort, Suppl. |
1,268.5 |
1,033.4 |
893.9 |
- |
- |
|
Deferred Revenue - Current |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Pension Obligation - Domestic |
5,286.6 |
4,701.4 |
4,170.8 |
4,337.5 |
3,485.7 |
|
Plan Assets - Domestic |
5,018.2 |
4,370.7 |
3,432.8 |
4,552.7 |
4,238.0 |
|
Funded Status - Domestic |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Total Funded Status |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Discount Rate - Domestic |
2.70% |
2.70% |
3.10% |
3.10% |
3.00% |
|
Compensation Rate - Domestic |
2.50% |
2.60% |
2.60% |
2.60% |
2.60% |
|
Prepaid Benefits - Domestic |
298.4 |
223.8 |
90.5 |
678.6 |
1,077.5 |
|
Accrued Liabilities - Domestic |
-566.8 |
-554.5 |
-828.5 |
-463.4 |
-325.2 |
|
Net Assets Recognized on Balance Sheet |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Total Plan Obligations |
5,286.6 |
4,701.4 |
4,170.8 |
4,337.5 |
3,485.7 |
|
Total Plan Assets |
5,018.2 |
4,370.7 |
3,432.8 |
4,552.7 |
4,238.0 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
15,227.9 |
14,584.2 |
13,269.8 |
12,842.1 |
11,394.4 |
|
Cash and Short Term Investments |
15,227.9 |
14,584.2 |
13,269.8 |
12,842.1 |
11,394.4 |
|
Accounts Receivable -
Trade, Gross |
25,844.8 |
25,740.8 |
29,588.5 |
26,391.8 |
25,610.8 |
|
Provision for Doubtful
Accounts |
-296.6 |
-287.6 |
-358.2 |
-333.3 |
-320.5 |
|
Trade Accounts Receivable - Net |
25,548.2 |
25,453.2 |
29,230.2 |
26,058.4 |
25,290.4 |
|
Notes Receivable - Short Term |
9,504.3 |
9,402.7 |
6,738.7 |
5,992.5 |
5,426.6 |
|
Other Receivables |
2,815.6 |
2,784.4 |
2,622.1 |
2,543.9 |
2,265.6 |
|
Total Receivables, Net |
37,868.0 |
37,640.3 |
38,591.1 |
34,594.8 |
32,982.6 |
|
Total Inventory |
11,388.2 |
11,711.8 |
11,838.8 |
10,786.8 |
9,522.0 |
|
Prepaid Expenses |
2,133.5 |
1,990.1 |
2,462.2 |
1,896.3 |
1,619.4 |
|
Deferred Income Tax - Current Asset |
661.5 |
709.0 |
636.7 |
640.6 |
484.0 |
|
Other Current Assets |
5,850.0 |
5,678.8 |
5,797.3 |
5,549.0 |
5,279.6 |
|
Other Current Assets, Total |
6,511.5 |
6,387.7 |
6,434.1 |
6,189.6 |
5,763.6 |
|
Total Current Assets |
73,129.0 |
72,314.1 |
72,595.9 |
66,309.5 |
61,282.0 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Gross |
37,603.6 |
35,938.9 |
36,138.7 |
34,958.7 |
32,130.2 |
|
Accumulated Depreciation |
-15,543.3 |
-14,995.3 |
-15,112.8 |
-14,505.3 |
-13,401.9 |
|
Property/Plant/Equipment - Net |
22,060.3 |
20,943.6 |
21,026.0 |
20,453.4 |
18,728.3 |
|
LT Investment - Affiliate Companies |
17,214.7 |
15,927.9 |
16,269.7 |
15,636.4 |
15,247.6 |
|
LT Investments - Other |
18,087.1 |
18,366.5 |
19,085.1 |
17,891.3 |
16,387.8 |
|
Long Term Investments |
35,301.8 |
34,294.4 |
35,354.8 |
33,527.7 |
31,635.4 |
|
Note Receivable - Long Term |
6,351.2 |
6,166.8 |
5,964.5 |
6,097.4 |
5,656.5 |
|
Other Long Term Assets |
3,438.4 |
3,195.2 |
3,354.3 |
3,622.9 |
3,301.9 |
|
Other Long Term Assets, Total |
3,438.4 |
3,195.2 |
3,354.3 |
3,622.9 |
3,301.9 |
|
Total Assets |
140,280.8 |
136,914.1 |
138,295.4 |
130,010.8 |
120,604.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
22,804.4 |
22,682.9 |
24,972.3 |
21,421.2 |
20,732.7 |
|
Accrued Expenses |
942.8 |
1,334.4 |
1,066.5 |
1,014.9 |
856.5 |
|
Notes Payable/Short Term Debt |
11,610.4 |
11,601.0 |
11,779.8 |
10,983.8 |
10,200.6 |
|
Current Portion - Long Term Debt/Capital Leases |
6,061.9 |
5,654.9 |
4,961.7 |
3,267.3 |
3,580.2 |
|
Customer Advances |
1,987.7 |
1,963.5 |
2,510.1 |
2,065.4 |
1,821.3 |
|
Income Taxes Payable |
634.5 |
775.7 |
596.5 |
682.7 |
515.3 |
|
Other Current Liabilities |
4,195.0 |
4,024.6 |
4,177.9 |
4,057.6 |
3,749.4 |
|
Other Current liabilities, Total |
6,817.2 |
6,763.7 |
7,284.5 |
6,805.7 |
6,086.1 |
|
Total Current Liabilities |
48,236.7 |
48,036.9 |
50,064.7 |
43,492.9 |
41,456.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
40,066.5 |
38,474.3 |
38,484.4 |
39,282.8 |
36,941.4 |
|
Total Long Term Debt |
40,066.5 |
38,474.3 |
38,484.4 |
39,282.8 |
36,941.4 |
|
Total Debt |
57,738.7 |
55,730.2 |
55,225.8 |
53,534.0 |
50,722.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,608.0 |
2,600.3 |
2,675.9 |
2,243.2 |
1,777.9 |
|
Deferred Income Tax |
2,608.0 |
2,600.3 |
2,675.9 |
2,243.2 |
1,777.9 |
|
Minority Interest |
3,859.2 |
3,820.0 |
3,763.8 |
3,610.9 |
3,418.8 |
|
Pension Benefits - Underfunded |
606.1 |
587.1 |
603.7 |
595.2 |
570.0 |
|
Other Long Term Liabilities |
3,914.5 |
3,767.3 |
3,872.8 |
4,070.8 |
4,030.3 |
|
Other Liabilities, Total |
4,520.6 |
4,354.4 |
4,476.5 |
4,665.9 |
4,600.3 |
|
Total Liabilities |
99,291.0 |
97,285.9 |
99,465.4 |
93,295.9 |
88,194.5 |
|
|
|
|
|
|
|
|
Common Stock |
2,531.5 |
2,456.5 |
2,507.4 |
2,434.0 |
2,297.0 |
|
Common Stock |
2,531.5 |
2,456.5 |
2,507.4 |
2,434.0 |
2,297.0 |
|
Additional Paid-In Capital |
3,192.3 |
3,094.8 |
3,159.1 |
3,079.4 |
2,878.0 |
|
Retained Earnings (Accumulated Deficit) |
37,858.8 |
37,828.2 |
37,370.0 |
35,692.4 |
32,256.5 |
|
Treasury Stock - Common |
-285.4 |
-1,829.8 |
-1,869.8 |
-1,814.4 |
-1,712.9 |
|
Unrealized Gain (Loss) |
3,562.2 |
3,815.9 |
3,981.5 |
3,306.1 |
2,357.0 |
|
Translation Adjustment |
-4,903.4 |
-4,777.6 |
-5,384.9 |
-5,058.6 |
-4,775.5 |
|
Minimum Pension Liability Adjustment |
-966.3 |
-959.9 |
-933.3 |
-923.9 |
-890.5 |
|
Other Equity, Total |
-5,869.7 |
-5,737.5 |
-6,318.2 |
-5,982.5 |
-5,665.9 |
|
Total Equity |
40,989.8 |
39,628.2 |
38,830.0 |
36,715.0 |
32,409.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
140,280.8 |
136,914.1 |
138,295.4 |
130,010.8 |
120,604.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,645.3 |
1,644.1 |
1,643.7 |
1,643.7 |
1,643.6 |
|
Total Common Shares Outstanding |
1,645.3 |
1,644.1 |
1,643.7 |
1,643.7 |
1,643.6 |
|
Treasury Shares - Common Stock Primary Issue |
8.2 |
53.2 |
53.2 |
53.2 |
53.2 |
|
Employees |
- |
58,470 |
58,629 |
58,723 |
58,770 |
|
Deferred Revenue - Current |
1,987.7 |
1,963.5 |
2,510.1 |
2,065.4 |
1,821.3 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Tohmatsu &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
5,800.7 |
3,152.1 |
3,987.3 |
4,119.4 |
3,553.1 |
|
Depreciation |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Depreciation/Depletion |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Deferred Taxes |
351.2 |
62.4 |
-376.6 |
-208.8 |
307.7 |
|
Unusual Items |
-593.8 |
168.0 |
2,001.2 |
-1.1 |
-706.0 |
|
Equity in Net Earnings (Loss) |
-217.3 |
-189.8 |
-365.1 |
-427.8 |
-526.5 |
|
Other Non-Cash Items |
62.9 |
23.0 |
299.2 |
111.3 |
577.5 |
|
Non-Cash Items |
-748.2 |
1.2 |
1,935.2 |
-317.6 |
-655.0 |
|
Accounts Receivable |
-1,791.3 |
-726.3 |
7,080.3 |
-877.5 |
-1,499.1 |
|
Inventories |
-1,907.9 |
1,675.4 |
-545.8 |
-1,365.4 |
-635.5 |
|
Prepaid Expenses |
315.2 |
5.4 |
-608.8 |
-210.7 |
-12.6 |
|
Other Assets |
285.9 |
1,372.4 |
-956.9 |
-509.3 |
71.1 |
|
Accounts Payable |
684.6 |
1,248.1 |
-5,697.7 |
337.7 |
1,441.1 |
|
Accrued Expenses |
128.9 |
29.4 |
19.1 |
35.6 |
2.3 |
|
Other Liabilities |
-196.9 |
-108.3 |
-674.2 |
573.1 |
311.3 |
|
Other Operating Cash Flow |
-735.7 |
-10.9 |
-172.6 |
-134.9 |
148.2 |
|
Changes in Working Capital |
-3,217.0 |
3,485.2 |
-1,556.6 |
-2,151.3 |
-173.1 |
|
Cash from Operating Activities |
3,865.1 |
8,194.1 |
5,477.9 |
2,791.4 |
4,192.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2,668.3 |
-1,963.1 |
-3,793.3 |
-3,133.8 |
-1,420.4 |
|
Capital Expenditures |
-2,668.3 |
-1,963.1 |
-3,793.3 |
-3,133.8 |
-1,420.4 |
|
Sale of Fixed Assets |
517.7 |
218.6 |
237.5 |
280.2 |
399.9 |
|
Sale/Maturity of Investment |
4,426.2 |
3,965.3 |
821.2 |
1,275.3 |
1,679.8 |
|
Investment, Net |
40.6 |
74.6 |
-1,063.8 |
-66.4 |
-23.6 |
|
Purchase of Investments |
-3,392.5 |
-2,621.4 |
-1,456.0 |
-1,757.4 |
-2,376.6 |
|
Other Investing Cash Flow |
-1,988.1 |
-1,164.2 |
-1,624.4 |
281.8 |
-778.4 |
|
Other Investing Cash Flow Items, Total |
-396.2 |
472.8 |
-3,085.5 |
13.5 |
-1,098.9 |
|
Cash from Investing Activities |
-3,064.5 |
-1,490.2 |
-6,878.8 |
-3,120.3 |
-2,519.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-250.9 |
-357.9 |
-250.4 |
-186.6 |
-203.8 |
|
Financing Cash Flow Items |
-250.9 |
-357.9 |
-250.4 |
-186.6 |
-203.8 |
|
Cash Dividends Paid - Common |
-901.6 |
-583.4 |
-1,078.6 |
-786.8 |
-577.0 |
|
Total Cash Dividends Paid |
-901.6 |
-583.4 |
-1,078.6 |
-786.8 |
-577.0 |
|
Sale/Issuance of
Common |
5.7 |
6.7 |
5.3 |
- |
- |
|
Repurchase/Retirement
of Common |
-0.2 |
-0.2 |
-0.4 |
- |
-0.5 |
|
Common Stock, Net |
5.5 |
6.4 |
4.9 |
-1,300.8 |
-0.9 |
|
Issuance (Retirement) of Stock, Net |
5.5 |
6.4 |
4.9 |
-1,300.8 |
-0.9 |
|
Short Term Debt, Net |
1,484.6 |
-7,840.8 |
3,982.2 |
1,174.0 |
-70.9 |
|
Long Term Debt Issued |
6,701.4 |
5,569.6 |
8,981.4 |
5,774.0 |
4,164.4 |
|
Long Term Debt
Reduction |
-6,143.4 |
-4,921.1 |
-5,165.5 |
-4,065.9 |
-4,250.7 |
|
Long Term Debt, Net |
558.0 |
648.5 |
3,815.9 |
1,708.0 |
-86.3 |
|
Issuance (Retirement) of Debt, Net |
2,042.6 |
-7,192.3 |
7,798.2 |
2,882.0 |
-157.2 |
|
Cash from Financing Activities |
895.6 |
-8,127.2 |
6,474.1 |
607.8 |
-938.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-200.2 |
151.5 |
-445.8 |
-310.1 |
160.0 |
|
Net Change in Cash |
1,496.0 |
-1,271.7 |
4,627.3 |
-31.2 |
894.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12,609.7 |
12,897.8 |
7,465.1 |
6,593.8 |
5,550.5 |
|
Net Cash - Ending Balance |
14,105.8 |
11,626.1 |
12,092.4 |
6,562.7 |
6,444.9 |
|
Cash Interest Paid |
479.7 |
592.1 |
845.1 |
726.2 |
628.8 |
|
Cash Taxes Paid |
1,628.0 |
1,172.3 |
2,005.5 |
2,478.0 |
1,673.1 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1,515.6 |
5,800.7 |
4,445.2 |
3,214.2 |
1,630.3 |
|
Depreciation |
438.0 |
1,678.3 |
1,202.1 |
783.9 |
375.5 |
|
Depreciation/Depletion |
438.0 |
1,678.3 |
1,202.1 |
783.9 |
375.5 |
|
Deferred Taxes |
- |
351.2 |
- |
- |
- |
|
Unusual Items |
-29.8 |
-593.8 |
-473.0 |
-448.7 |
-474.1 |
|
Equity in Net Earnings (Loss) |
-310.7 |
-217.3 |
-567.7 |
-213.7 |
-139.2 |
|
Other Non-Cash Items |
11.3 |
62.9 |
87.2 |
30.4 |
-9.1 |
|
Non-Cash Items |
-329.2 |
-748.2 |
-953.4 |
-632.0 |
-622.4 |
|
Accounts Receivable |
565.0 |
-1,918.1 |
-2,902.3 |
-60.4 |
-1,063.5 |
|
Inventories |
-440.1 |
-1,907.9 |
-1,642.5 |
-552.1 |
-11.4 |
|
Prepaid Expenses |
- |
315.2 |
- |
- |
- |
|
Other Assets |
-10.3 |
285.9 |
4.9 |
5.0 |
9.2 |
|
Accounts Payable |
-215.0 |
811.4 |
2,319.0 |
-1,126.5 |
-210.4 |
|
Accrued Expenses |
- |
128.9 |
- |
- |
- |
|
Other Liabilities |
- |
-196.9 |
- |
- |
- |
|
Other Operating Cash Flow |
302.4 |
-735.7 |
373.8 |
467.6 |
549.5 |
|
Changes in Working Capital |
202.0 |
-3,217.0 |
-1,847.1 |
-1,266.4 |
-726.6 |
|
Cash from Operating Activities |
1,826.4 |
3,865.1 |
2,846.7 |
2,099.7 |
656.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-899.9 |
-2,668.3 |
-2,028.5 |
-1,398.2 |
-610.8 |
|
Capital Expenditures |
-899.9 |
-2,668.3 |
-2,028.5 |
-1,398.2 |
-610.8 |
|
Sale of Fixed Assets |
32.0 |
517.7 |
416.0 |
63.6 |
22.2 |
|
Sale/Maturity of Investment |
1,040.6 |
4,922.5 |
3,774.0 |
2,342.9 |
1,168.0 |
|
Investment, Net |
15.8 |
40.6 |
16.0 |
14.6 |
-128.5 |
|
Purchase of Investments |
-215.8 |
-3,392.5 |
-2,670.6 |
-1,650.0 |
-700.5 |
|
Other Investing Cash Flow |
-986.3 |
-2,484.4 |
-1,175.9 |
-820.2 |
-337.1 |
|
Other Investing Cash Flow Items, Total |
-113.7 |
-396.2 |
359.6 |
-49.0 |
24.1 |
|
Cash from Investing Activities |
-1,013.6 |
-3,064.5 |
-1,668.9 |
-1,447.2 |
-586.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-143.7 |
-250.9 |
-209.0 |
-152.9 |
-77.1 |
|
Financing Cash Flow Items |
-143.7 |
-250.9 |
-209.0 |
-152.9 |
-77.1 |
|
Cash Dividends Paid - Common |
-785.8 |
-901.6 |
-890.0 |
-388.0 |
-374.9 |
|
Total Cash Dividends Paid |
-785.8 |
-901.6 |
-890.0 |
-388.0 |
-374.9 |
|
Sale/Issuance of
Common |
- |
5.7 |
- |
1.3 |
- |
|
Repurchase/Retirement
of Common |
- |
-0.2 |
- |
-0.1 |
- |
|
Common Stock, Net |
- |
5.5 |
- |
1.3 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
5.5 |
- |
1.3 |
- |
|
Short Term Debt, Net |
-706.3 |
1,484.6 |
1,200.1 |
741.5 |
1,243.9 |
|
Long Term Debt Issued |
2,040.8 |
6,701.4 |
3,757.4 |
2,904.7 |
361.9 |
|
Long Term Debt
Reduction |
-885.9 |
-6,143.4 |
-4,943.5 |
-3,768.2 |
-1,749.4 |
|
Long Term Debt, Net |
1,154.9 |
558.0 |
-1,186.1 |
-863.5 |
-1,387.5 |
|
Issuance (Retirement) of Debt, Net |
448.6 |
2,042.6 |
14.0 |
-122.0 |
-143.6 |
|
Cash from Financing Activities |
-480.9 |
895.6 |
-1,085.0 |
-661.7 |
-595.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-73.8 |
-200.2 |
-291.3 |
-222.9 |
-215.9 |
|
Net Change in Cash |
258.1 |
1,496.0 |
-198.5 |
-232.1 |
-741.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
14,812.1 |
12,609.7 |
12,595.9 |
12,291.5 |
11,734.8 |
|
Net Cash - Ending Balance |
15,070.1 |
14,105.8 |
12,397.4 |
12,059.4 |
10,993.5 |
|
Cash Interest Paid |
- |
479.7 |
- |
- |
- |
|
Cash Taxes Paid |
- |
1,628.0 |
- |
- |
- |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Product Sales/Manufacturing |
53,574.6 |
42,690.6 |
54,180.8 |
46,194.6 |
37,154.5 |
|
Commissions |
7,188.4 |
6,166.0 |
6,987.0 |
6,567.2 |
6,188.8 |
|
Total Revenue |
60,763.1 |
48,856.7 |
61,167.8 |
52,761.9 |
43,343.3 |
|
|
|
|
|
|
|
|
Cost of Sales |
47,344.0 |
37,918.6 |
46,606.8 |
42,506.4 |
33,547.7 |
|
Selling Gen.&Admin. |
9,623.2 |
8,924.5 |
8,613.0 |
7,182.9 |
6,275.9 |
|
Allow.Doubt.Act. |
106.7 |
52.6 |
87.4 |
-34.2 |
11.1 |
|
Total Operating Expense |
57,073.8 |
46,895.7 |
55,307.2 |
49,655.2 |
39,834.7 |
|
|
|
|
|
|
|
|
Interest Income |
386.0 |
405.8 |
588.6 |
650.0 |
512.1 |
|
Interest Expense |
-464.2 |
-541.9 |
-820.6 |
-757.5 |
-635.3 |
|
Dividend Income |
1,456.3 |
984.7 |
1,240.6 |
1,177.8 |
1,176.1 |
|
Mark.Sec. G/L |
623.6 |
2.3 |
-1,551.0 |
502.5 |
732.4 |
|
Fixed Asset G/L |
-29.8 |
-170.3 |
-450.2 |
-51.5 |
-26.4 |
|
Other Income/Loss |
573.9 |
563.4 |
-1,004.4 |
206.1 |
-118.8 |
|
Net Income Before Taxes |
6,235.1 |
3,205.0 |
3,863.6 |
4,834.1 |
5,148.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2,318.6 |
1,272.5 |
1,481.9 |
1,589.3 |
2,419.8 |
|
Net Income After Taxes |
3,916.6 |
1,932.4 |
2,381.7 |
3,244.8 |
2,728.9 |
|
|
|
|
|
|
|
|
Minority Int. |
-395.4 |
-194.9 |
-305.7 |
-449.9 |
-386.8 |
|
Equity Gain |
1,884.1 |
1,219.7 |
1,560.1 |
1,356.1 |
1,255.8 |
|
Net Income Before Extra. Items |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
Discontinued Operation |
- |
- |
45.5 |
-31.5 |
-44.7 |
|
Net Income |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
5,405.3 |
2,957.2 |
3,636.0 |
4,150.9 |
3,597.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
5,405.3 |
2,957.2 |
3,681.5 |
4,119.4 |
3,553.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,643.7 |
1,643.1 |
1,642.4 |
1,659.0 |
1,687.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
3.29 |
1.80 |
2.21 |
2.50 |
2.13 |
|
Basic EPS Including ExtraOrdinary Item |
3.29 |
1.80 |
2.24 |
2.48 |
2.11 |
|
Dilution Adjustment |
0.0 |
0.0 |
-0.1 |
-0.3 |
-0.2 |
|
Diluted Net Income |
5,405.3 |
2,957.2 |
3,681.4 |
4,119.1 |
3,552.9 |
|
Diluted Weighted Average Shares |
1,648.1 |
1,646.8 |
1,646.0 |
1,666.3 |
1,696.2 |
|
Diluted EPS Excluding ExtraOrd Items |
3.28 |
1.80 |
2.21 |
2.49 |
2.12 |
|
Diluted EPS Including ExtraOrd Items |
3.28 |
1.80 |
2.24 |
2.47 |
2.09 |
|
DPS-Common Stock |
0.76 |
0.41 |
0.52 |
0.49 |
0.39 |
|
Gross Dividends - Common Stock |
1,247.2 |
672.0 |
850.2 |
804.0 |
664.1 |
|
Normalized Income Before Taxes |
6,265.0 |
3,375.3 |
4,313.7 |
4,885.6 |
5,175.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2,329.6 |
1,340.2 |
1,654.5 |
1,606.3 |
2,432.2 |
|
Normalized Income After Taxes |
3,935.3 |
2,035.1 |
2,659.2 |
3,279.3 |
2,742.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5,424.0 |
3,059.9 |
3,913.6 |
4,185.5 |
3,611.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.30 |
1.86 |
2.38 |
2.52 |
2.14 |
|
Diluted Normalized EPS |
3.29 |
1.86 |
2.38 |
2.51 |
2.13 |
|
Interest Expense |
464.2 |
541.4 |
820.6 |
757.5 |
635.3 |
|
Amort of Intangibles, Supplemental |
196.7 |
174.9 |
170.0 |
- |
- |
|
Depreciation |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Advertising Expense, Supplemental |
169.4 |
152.1 |
162.6 |
149.3 |
81.3 |
|
Research & Development Exp, Supplemental |
53.0 |
39.4 |
25.9 |
28.1 |
23.4 |
|
Reported operating profit |
3,689.3 |
1,961.0 |
5,860.6 |
3,106.7 |
3,508.5 |
|
Service cost |
142.7 |
123.4 |
121.5 |
108.1 |
106.2 |
|
Interest cost |
128.8 |
126.6 |
122.7 |
108.3 |
92.9 |
|
Expected return on plan asset |
-84.3 |
-51.6 |
-91.6 |
-95.4 |
-95.1 |
|
Actuarial G/L |
88.3 |
113.6 |
30.1 |
4.9 |
23.6 |
|
Prior service cost |
4.3 |
4.0 |
3.8 |
5.7 |
2.9 |
|
Liquidation loss |
11.7 |
8.8 |
17.9 |
3.2 |
-3.0 |
|
Domestic Pension Plan Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Total Pension Expense |
291.5 |
324.8 |
204.4 |
134.8 |
127.5 |
|
Discount rate |
2.70% |
3.10% |
3.10% |
3.00% |
2.60% |
|
Compensation rate |
2.60% |
2.60% |
2.60% |
2.60% |
2.40% |
|
Plan asset expected rate of return |
2.60% |
2.10% |
3.40% |
3.70% |
4.20% |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
9 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Restated Special |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
83.567582 |
82.567473 |
85.838925 |
92.080323 |
|
|
|
|
|
|
|
|
Product Sales/Manufacturing |
15,387.6 |
41,240.9 |
13,790.5 |
12,806.2 |
12,429.2 |
|
Commissions |
1,809.1 |
5,559.2 |
1,897.1 |
1,786.5 |
1,644.4 |
|
Total Revenue |
17,196.7 |
46,800.1 |
15,687.5 |
14,592.7 |
14,073.6 |
|
|
|
|
|
|
|
|
Cost of Sales |
13,601.9 |
36,735.6 |
12,270.1 |
11,096.0 |
10,719.6 |
|
Selling,Gen.&Admin. |
2,551.7 |
7,420.6 |
2,525.7 |
2,350.9 |
2,220.9 |
|
Allow.Doubt.Act. |
11.3 |
119.4 |
58.9 |
38.2 |
-9.1 |
|
Total Operating Expense |
16,164.9 |
44,275.6 |
14,854.7 |
13,485.1 |
12,931.4 |
|
|
|
|
|
|
|
|
Interest Income |
107.1 |
300.9 |
95.3 |
100.3 |
86.1 |
|
Interest Expense |
-119.3 |
-352.8 |
-115.9 |
-119.2 |
-111.8 |
|
Dividend Income |
412.6 |
1,174.0 |
258.5 |
440.7 |
289.8 |
|
Mark.Sec.G/L |
30.1 |
109.3 |
-2.6 |
-35.1 |
481.1 |
|
Fixed Asset G/L |
-0.3 |
-22.8 |
16.4 |
-8.3 |
-7.1 |
|
Other, Net |
302.3 |
466.4 |
183.0 |
82.2 |
110.8 |
|
Net Income Before Taxes |
1,764.3 |
4,199.5 |
1,267.5 |
1,568.2 |
1,991.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
765.2 |
1,607.2 |
642.2 |
509.7 |
699.1 |
|
Net Income After Taxes |
999.1 |
2,592.3 |
625.4 |
1,058.5 |
1,292.2 |
|
|
|
|
|
|
|
|
Minority Interest |
-106.3 |
-294.4 |
-97.6 |
-107.9 |
-100.8 |
|
Equity Gain Aft.Tax |
516.5 |
1,559.5 |
585.2 |
533.1 |
338.1 |
|
Net Income Before Extra. Items |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
Net Income |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,644.4 |
1,643.8 |
1,643.7 |
1,643.6 |
1,643.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.86 |
2.35 |
0.68 |
0.90 |
0.93 |
|
Basic EPS Including ExtraOrdinary Item |
0.86 |
2.35 |
0.68 |
0.90 |
0.93 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1,409.3 |
3,857.3 |
1,113.0 |
1,483.7 |
1,529.5 |
|
Diluted Weighted Average Shares |
1,648.5 |
1,648.5 |
1,648.3 |
1,647.9 |
1,647.6 |
|
Diluted EPS Excluding ExtraOrd Items |
0.85 |
2.34 |
0.68 |
0.90 |
0.93 |
|
Diluted EPS Including ExtraOrd Items |
0.85 |
2.34 |
0.68 |
0.90 |
0.93 |
|
DPS-Common Stock |
0.00 |
0.78 |
0.00 |
0.30 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1,278.9 |
0.0 |
497.9 |
0.0 |
|
Normalized Income Before Taxes |
1,764.6 |
4,222.3 |
1,251.1 |
1,576.5 |
1,998.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
765.4 |
1,615.9 |
633.8 |
512.4 |
701.6 |
|
Normalized Income After Taxes |
999.3 |
2,606.4 |
617.3 |
1,064.1 |
1,296.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,409.5 |
3,871.4 |
1,104.9 |
1,489.4 |
1,534.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.86 |
2.36 |
0.67 |
0.91 |
0.93 |
|
Diluted Normalized EPS |
0.85 |
2.35 |
0.67 |
0.90 |
0.93 |
|
Interest Expense |
119.3 |
352.8 |
115.9 |
119.2 |
111.8 |
|
Depreciation |
438.0 |
1,307.2 |
419.2 |
411.8 |
375.5 |
|
Reported Operating Profit |
1,031.8 |
2,524.5 |
832.8 |
1,107.6 |
1,142.2 |
|
Service cost |
34.9 |
123.8 |
36.8 |
31.9 |
30.1 |
|
Interest cost |
32.4 |
132.1 |
32.0 |
31.4 |
29.5 |
|
Expected return on plan asset |
-21.8 |
-86.5 |
-21.0 |
-20.2 |
-19.0 |
|
Actuarial G/L |
22.9 |
90.4 |
21.8 |
21.2 |
20.0 |
|
Prior service cost |
1.1 |
4.4 |
1.2 |
1.1 |
1.1 |
|
Liquidation loss |
2.6 |
12.0 |
2.7 |
4.2 |
2.7 |
|
Domestic Pension Plan Expense |
72.2 |
276.3 |
73.6 |
69.6 |
64.6 |
|
Total Pension Expense |
72.2 |
276.3 |
73.6 |
69.6 |
64.6 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.88 |
93.44 |
98.77 |
99.535 |
118.075 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Deposits |
14,584.2 |
11,564.0 |
12,302.3 |
7,536.3 |
6,383.1 |
|
Time Deposit |
1,224.8 |
1,134.4 |
1,144.4 |
115.9 |
111.3 |
|
ST Operating Assets |
514.5 |
596.7 |
608.1 |
882.7 |
1,095.4 |
|
Note & Loan Receivable |
9,402.7 |
7,822.1 |
4,977.0 |
5,898.9 |
5,131.5 |
|
Account & Other Receivable |
25,740.8 |
21,605.6 |
22,132.7 |
29,691.3 |
23,882.5 |
|
Claim to Affili. |
2,784.4 |
2,071.8 |
1,643.2 |
2,125.4 |
1,965.3 |
|
Doubtful Acct. |
-287.6 |
-323.4 |
-293.9 |
-300.9 |
-303.0 |
|
Inventories |
11,711.8 |
9,080.1 |
10,184.6 |
10,805.9 |
7,780.1 |
|
Prepaid Acct. |
1,990.1 |
1,569.8 |
1,379.7 |
1,300.7 |
1,393.6 |
|
Dfrd. Tax Asset |
709.0 |
478.0 |
640.9 |
628.7 |
325.3 |
|
Disp. of Fixed Assets |
- |
- |
0.0 |
65.6 |
0.0 |
|
Other Cur. Asset |
3,939.5 |
3,170.1 |
4,022.9 |
2,447.9 |
1,962.3 |
|
Total Current Assets |
72,314.1 |
58,769.2 |
58,741.7 |
61,198.5 |
49,727.5 |
|
|
|
|
|
|
|
|
Inv't & other claim-affiliated |
15,927.9 |
13,255.2 |
10,988.7 |
11,336.6 |
11,051.9 |
|
Other Investment |
18,366.5 |
17,459.1 |
15,423.3 |
21,125.5 |
18,524.9 |
|
Note&Loan Rcvbl. |
6,166.8 |
5,692.0 |
5,518.8 |
5,176.1 |
4,044.9 |
|
Doubtful Acct. |
-367.7 |
-352.5 |
-340.7 |
-407.7 |
-391.0 |
|
Real Estate for Sale |
837.3 |
1,142.4 |
1,067.6 |
968.8 |
682.6 |
|
Land |
3,884.3 |
3,053.6 |
2,971.1 |
2,953.3 |
2,234.9 |
|
Buildings |
9,414.9 |
7,979.1 |
6,881.8 |
6,997.2 |
5,036.8 |
|
Machinery&Equip. |
11,084.6 |
9,462.4 |
8,119.8 |
9,037.3 |
6,209.6 |
|
Airplane/Ship |
5,229.8 |
4,766.2 |
4,423.0 |
4,310.2 |
3,115.5 |
|
Mineral Properties |
4,147.2 |
3,829.5 |
2,832.0 |
2,625.9 |
1,592.1 |
|
Const.Progress |
1,340.8 |
725.1 |
606.0 |
599.1 |
469.6 |
|
Depriciation |
-14,995.3 |
-12,801.1 |
-10,935.2 |
-11,310.2 |
-7,645.0 |
|
Goodwill |
593.7 |
517.6 |
496.3 |
543.4 |
294.3 |
|
Intangible Asset |
929.9 |
777.3 |
743.0 |
738.8 |
553.3 |
|
Other Asset |
2,039.3 |
1,915.6 |
3,002.3 |
2,160.7 |
1,856.1 |
|
Total Assets |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
ST Borrowings |
7,925.6 |
5,939.7 |
10,518.6 |
7,458.9 |
5,338.4 |
|
Curr.LT Debt |
5,654.9 |
4,369.5 |
4,325.5 |
3,866.1 |
2,933.8 |
|
Note Payable |
1,996.6 |
1,625.7 |
1,583.4 |
1,982.2 |
2,039.6 |
|
Acct. Payable |
22,682.9 |
19,957.3 |
18,353.7 |
25,212.6 |
20,828.1 |
|
Affiliate Debt |
1,678.8 |
1,379.4 |
872.2 |
1,253.8 |
1,250.3 |
|
Cust. Advance |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Tax Payable |
775.7 |
438.7 |
429.2 |
626.0 |
1,170.1 |
|
Accrd. Expense |
1,334.4 |
1,111.3 |
1,098.0 |
1,593.7 |
1,182.1 |
|
Disp. Liabilities |
- |
- |
0.0 |
20.9 |
0.0 |
|
Other |
4,024.6 |
3,294.1 |
3,713.0 |
3,455.0 |
2,398.4 |
|
Total Current Liabilities |
48,036.9 |
39,719.5 |
42,411.1 |
46,824.3 |
38,380.1 |
|
|
|
|
|
|
|
|
LT Borrowings |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
Total Long Term Debt |
38,474.3 |
34,739.2 |
35,109.5 |
31,112.9 |
24,242.3 |
|
|
|
|
|
|
|
|
Pension & Accured Retire |
587.1 |
583.6 |
862.4 |
519.7 |
394.7 |
|
Dfrd. Tax Liab. |
2,600.3 |
2,166.2 |
1,086.1 |
4,028.2 |
4,799.5 |
|
Other Liabs. |
3,767.3 |
4,000.3 |
3,850.3 |
3,338.3 |
1,887.8 |
|
Minority Int. |
3,820.0 |
3,276.7 |
3,089.6 |
3,360.7 |
2,603.9 |
|
Total Liabilities |
97,285.9 |
84,485.5 |
86,409.0 |
89,184.0 |
72,308.3 |
|
|
|
|
|
|
|
|
Common Stock |
2,456.5 |
2,175.0 |
2,053.4 |
2,027.7 |
1,687.3 |
|
Paid in Capital |
3,094.8 |
2,719.8 |
2,650.9 |
2,607.8 |
2,154.4 |
|
Legal Reserve |
526.9 |
462.2 |
426.6 |
414.9 |
327.3 |
|
Other Legal Res |
37,301.3 |
28,960.7 |
25,183.8 |
22,371.0 |
15,572.7 |
|
Unrlzd. Gain/Sec |
3,522.1 |
3,214.0 |
1,484.6 |
4,318.0 |
5,318.0 |
|
Loss Reval.Deriv |
293.8 |
127.6 |
-237.6 |
125.6 |
23.4 |
|
Pension Adj. |
-959.9 |
-860.3 |
-1,027.8 |
-391.1 |
18.8 |
|
Trans. Adjust. |
-4,777.6 |
-3,471.7 |
-4,869.0 |
-1,082.5 |
-40.5 |
|
Treas. Stock |
-1,829.8 |
-1,622.1 |
-1,534.4 |
-1,522.1 |
-11.7 |
|
Total Equity |
39,628.2 |
31,705.1 |
24,130.7 |
28,869.3 |
25,049.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
136,914.1 |
116,190.6 |
110,539.7 |
118,053.4 |
97,357.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
Total Common Shares Outstanding |
1,644.1 |
1,643.5 |
1,642.9 |
1,641.2 |
1,688.3 |
|
T/S-Common Stock |
53.2 |
53.2 |
53.1 |
56.1 |
1.6 |
|
Deferred Revenue - Current |
1,963.5 |
1,603.7 |
1,517.3 |
1,355.1 |
1,239.3 |
|
Accumulated Intangible Amort, Suppl. |
1,268.5 |
1,033.4 |
893.9 |
- |
- |
|
Full-Time Employees |
58,470 |
58,583 |
60,095 |
60,664 |
55,867 |
|
Number of Common Shareholders |
253,316 |
233,034 |
281,707 |
154,977 |
182,787 |
|
Pension obligation |
5,286.6 |
4,701.4 |
4,170.8 |
4,337.5 |
3,485.7 |
|
Fair value of plan asset |
5,018.2 |
4,370.7 |
3,432.8 |
4,552.7 |
4,238.0 |
|
Funded status |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Total Funded Status |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
|
Discount rate |
2.70% |
2.70% |
3.10% |
3.10% |
3.00% |
|
Compensation rate |
2.50% |
2.60% |
2.60% |
2.60% |
2.60% |
|
Prepaid pension |
298.4 |
223.8 |
90.5 |
678.6 |
1,077.5 |
|
Accrued payable |
-12.3 |
-7.3 |
-11.9 |
-9.5 |
-3.2 |
|
Pension liability |
-554.4 |
-547.2 |
-816.6 |
-453.9 |
-322.1 |
|
Net Assets Recognized on Balance Sheet |
-268.4 |
-330.7 |
-738.0 |
215.2 |
752.3 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
80.76 |
82.88 |
81.105 |
83.54 |
88.49 |
|
|
|
|
|
|
|
|
Cash/Deposits |
15,227.9 |
14,584.2 |
13,269.8 |
12,842.1 |
11,394.4 |
|
Time Deposit |
1,239.4 |
1,224.8 |
1,271.5 |
1,240.4 |
1,303.1 |
|
ST Operating Assets |
370.5 |
514.5 |
585.7 |
654.9 |
599.8 |
|
Note Rcvbl. & ST Loan Rcvbl. |
- |
9,402.7 |
6,738.7 |
5,992.5 |
5,426.6 |
|
Note Receivable |
3,922.9 |
- |
- |
- |
- |
|
Account & Other Receivable |
- |
25,740.8 |
29,588.5 |
26,391.8 |
25,610.8 |
|
Act.Receivable |
25,844.8 |
- |
- |
- |
- |
|
Claim to Affilia. |
2,815.6 |
2,784.4 |
2,622.1 |
2,543.9 |
2,265.6 |
|
Doubtful Acct. |
-296.6 |
-287.6 |
-358.2 |
-333.3 |
-320.5 |
|
Inventories |
11,388.2 |
11,711.8 |
11,838.8 |
10,786.8 |
9,522.0 |
|
Prepaid Acct. |
2,133.5 |
1,990.1 |
2,462.2 |
1,896.3 |
1,619.4 |
|
Defer. Tax Asset |
661.5 |
709.0 |
636.7 |
640.6 |
484.0 |
|
ST Loans |
5,581.4 |
- |
- |
- |
- |
|
Other Cur. Asset |
4,240.2 |
3,939.5 |
3,940.1 |
3,653.7 |
3,376.6 |
|
Total Current Assets |
73,129.0 |
72,314.1 |
72,595.9 |
66,309.5 |
61,282.0 |
|
|
|
|
|
|
|
|
Invest. Affiliate Other Invest. |
17,214.7 |
15,927.9 |
16,269.7 |
15,636.4 |
15,247.6 |
|
Other Investment |
18,087.1 |
18,366.5 |
19,085.1 |
17,891.3 |
16,387.8 |
|
LT Loan Rcvbl. |
6,351.2 |
6,166.8 |
5,964.5 |
6,097.4 |
5,656.5 |
|
Doubtful Acct. |
-374.4 |
-367.7 |
-337.3 |
-340.7 |
-356.8 |
|
Total tangibles |
37,603.6 |
35,938.9 |
36,138.7 |
34,958.7 |
32,130.2 |
|
Depreciation |
-15,543.3 |
-14,995.3 |
-15,112.8 |
-14,505.3 |
-13,401.9 |
|
Other Asset |
3,812.8 |
3,562.8 |
3,691.6 |
3,963.5 |
3,658.7 |
|
Total Assets |
140,280.8 |
136,914.1 |
138,295.4 |
130,010.8 |
120,604.1 |
|
|
|
|
|
|
|
|
Short Term Debt |
7,631.6 |
7,925.6 |
7,750.8 |
7,590.3 |
6,746.8 |
|
Current Portion of LT Debt |
6,061.9 |
5,654.9 |
4,961.7 |
3,267.3 |
3,580.2 |
|
Note Payable |
2,187.9 |
1,996.6 |
2,170.6 |
1,742.9 |
1,759.2 |
|
Acct.Payable |
22,804.4 |
22,682.9 |
24,972.3 |
21,421.2 |
20,732.7 |
|
Affiliate Debt |
1,790.9 |
1,678.8 |
1,858.4 |
1,650.6 |
1,694.6 |
|
Cust. Advance |
1,987.7 |
1,963.5 |
2,510.1 |
2,065.4 |
1,821.3 |
|
Income Tax Pay. |
634.5 |
775.7 |
596.5 |
682.7 |
515.3 |
|
Acd.Expense |
942.8 |
1,334.4 |
1,066.5 |
1,014.9 |
856.5 |
|
Other Cur. |
4,195.0 |
4,024.6 |
4,177.9 |
4,057.6 |
3,749.4 |
|
Total Current Liabilities |
48,236.7 |
48,036.9 |
50,064.7 |
43,492.9 |
41,456.2 |
|
|
|
|
|
|
|
|
LT Borrowings |
40,066.5 |
38,474.3 |
38,484.4 |
39,282.8 |
36,941.4 |
|
Total Long Term Debt |
40,066.5 |
38,474.3 |
38,484.4 |
39,282.8 |
36,941.4 |
|
|
|
|
|
|
|
|
Pension & Accured Retire |
606.1 |
587.1 |
603.7 |
595.2 |
570.0 |
|
LT Defer. Tax Liab. |
2,608.0 |
2,600.3 |
2,675.9 |
2,243.2 |
1,777.9 |
|
Other Liabs. |
3,914.5 |
3,767.3 |
3,872.8 |
4,070.8 |
4,030.3 |
|
Minority Int. |
3,859.2 |
3,820.0 |
3,763.8 |
3,610.9 |
3,418.8 |
|
Total Liabilities |
99,291.0 |
97,285.9 |
99,465.4 |
93,295.9 |
88,194.5 |
|
|
|
|
|
|
|
|
Common Stock |
2,531.5 |
2,456.5 |
2,507.4 |
2,434.0 |
2,297.0 |
|
Paid in Capital |
3,192.3 |
3,094.8 |
3,159.1 |
3,079.4 |
2,878.0 |
|
Legal Reserve |
546.8 |
526.9 |
537.5 |
522.1 |
491.7 |
|
Other Legal Res. |
37,312.0 |
37,301.3 |
36,832.6 |
35,170.2 |
31,764.7 |
|
Unrlzd. Gain/Sec |
3,320.3 |
3,522.1 |
3,698.8 |
3,110.4 |
2,491.1 |
|
Unrlz.Deriv.Reval. |
241.9 |
293.8 |
282.7 |
195.6 |
-134.1 |
|
Pension Adj. |
-966.3 |
-959.9 |
-933.3 |
-923.9 |
-890.5 |
|
Trans. Adjust. |
-4,903.4 |
-4,777.6 |
-5,384.9 |
-5,058.6 |
-4,775.5 |
|
Treas. Stock |
-285.4 |
-1,829.8 |
-1,869.8 |
-1,814.4 |
-1,712.9 |
|
Total Equity |
40,989.8 |
39,628.2 |
38,830.0 |
36,715.0 |
32,409.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
140,280.8 |
136,914.1 |
138,295.4 |
130,010.8 |
120,604.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,645.3 |
1,644.1 |
1,643.7 |
1,643.7 |
1,643.6 |
|
Total Common Shares Outstanding |
1,645.3 |
1,644.1 |
1,643.7 |
1,643.7 |
1,643.6 |
|
T/S-Common Stock |
8.2 |
53.2 |
53.2 |
53.2 |
53.2 |
|
Deferred Revenue - Current |
1,987.7 |
1,963.5 |
2,510.1 |
2,065.4 |
1,821.3 |
|
Full-Time Employees |
- |
58,470 |
58,629 |
58,723 |
58,770 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
116.944303 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net income |
5,800.7 |
3,152.1 |
3,987.3 |
4,119.4 |
3,553.1 |
|
Depreciation |
1,678.3 |
1,493.2 |
1,488.6 |
1,349.7 |
1,159.8 |
|
Doubtful Acct. |
106.7 |
52.6 |
87.4 |
-34.2 |
11.1 |
|
Retirement Expense |
-43.7 |
-29.6 |
211.8 |
145.5 |
140.2 |
|
G/L Mark.Sec. |
-623.6 |
-2.3 |
1,551.0 |
-502.5 |
-732.4 |
|
G/L Fixed Asset Sold |
29.8 |
170.3 |
450.2 |
51.5 |
26.4 |
|
Equity G/L |
-217.3 |
-189.8 |
-365.1 |
-427.8 |
-526.5 |
|
Deferred Tax |
351.2 |
62.4 |
-376.6 |
-208.8 |
307.7 |
|
Minority interest |
- |
- |
- |
449.9 |
- |
|
ST Investment |
-1.5 |
161.7 |
200.7 |
52.5 |
211.1 |
|
Acct. Rcvbl. |
-1,918.1 |
-169.9 |
6,846.6 |
-567.6 |
-1,737.4 |
|
Inventories |
-1,907.9 |
1,675.4 |
-545.8 |
-1,365.4 |
-635.5 |
|
Acct. Payable |
868.6 |
1,476.9 |
-5,680.0 |
38.8 |
1,589.2 |
|
Prepayment |
315.2 |
5.4 |
-608.8 |
-210.7 |
-12.6 |
|
Cust. Advance |
-470.0 |
-164.1 |
641.7 |
352.2 |
-55.8 |
|
Other Receivable |
126.8 |
-556.3 |
233.7 |
-309.9 |
238.3 |
|
Other Payable |
-184.0 |
-228.9 |
-17.6 |
298.9 |
-148.0 |
|
Accrd. Expense |
128.9 |
29.4 |
19.1 |
35.6 |
2.3 |
|
Other Curr.Asset |
287.4 |
1,210.7 |
-1,157.6 |
-561.8 |
-140.0 |
|
Other Curr.Liabl. |
266.1 |
-164.6 |
-1,166.6 |
-59.8 |
402.8 |
|
Other LT Liabl. |
7.0 |
220.3 |
-149.3 |
280.7 |
-35.7 |
|
Other |
-735.7 |
-10.9 |
-172.6 |
-134.9 |
148.2 |
|
Cash from Change in Sub. Fiscal Term |
- |
- |
- |
- |
426.2 |
|
Cash from Operating Activities |
3,865.1 |
8,194.1 |
5,477.9 |
2,791.4 |
4,192.4 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-2,668.3 |
-1,963.1 |
-3,793.3 |
-3,133.8 |
-1,420.4 |
|
Fixed Asset Sold |
517.7 |
218.6 |
237.5 |
280.2 |
399.9 |
|
Loans Made Affilia. |
-1,654.3 |
-1,210.1 |
-2,143.2 |
-2,093.3 |
-1,845.0 |
|
Loans Collect.Affil. |
496.3 |
534.4 |
498.5 |
2,540.8 |
1,026.7 |
|
Mark.Sec.Bought.-pur. |
-2,826.4 |
-1,977.7 |
-837.5 |
-856.2 |
-2,149.5 |
|
Mark.Sec.Sold/redemption |
3,662.0 |
2,860.9 |
406.3 |
1,014.4 |
1,386.1 |
|
Purch.ST & Other Inv. |
-566.1 |
-643.7 |
-618.5 |
-901.2 |
-227.1 |
|
Sale ST & Other Inv. |
764.1 |
1,104.3 |
414.8 |
260.9 |
293.7 |
|
Loans Made |
-3,238.7 |
-2,618.4 |
-2,132.2 |
-2,104.6 |
-1,622.6 |
|
Loans Collected |
2,408.6 |
2,129.9 |
2,152.5 |
1,938.8 |
1,662.5 |
|
Time Deposit, Net |
40.6 |
74.6 |
-1,063.8 |
-66.4 |
-23.6 |
|
Cash from Investing Activities |
-3,064.5 |
-1,490.2 |
-6,878.8 |
-3,120.3 |
-2,519.3 |
|
|
|
|
|
|
|
|
ST Debt, Net |
1,484.6 |
-7,840.8 |
3,982.2 |
1,174.0 |
-70.9 |
|
LT Debt Proceed |
6,701.4 |
5,569.6 |
8,981.4 |
5,774.0 |
4,164.4 |
|
LT Debt Repaid |
-6,143.4 |
-4,921.1 |
-5,165.5 |
-4,065.9 |
-4,250.7 |
|
New stock Issued /Stock Option |
5.7 |
6.7 |
5.3 |
- |
- |
|
Dividend Paid |
-901.6 |
-583.4 |
-1,078.6 |
-786.8 |
-577.0 |
|
Div. paid to min. shareholders from sub. |
-245.6 |
-148.6 |
-250.4 |
-195.5 |
-211.0 |
|
Purch subsid. equity(minority interest) |
-77.3 |
-209.2 |
0.0 |
- |
- |
|
Sale subsid. equity minority interest |
72.0 |
0.0 |
- |
- |
- |
|
Purch. of Trea. stock |
-0.2 |
-0.2 |
-0.4 |
- |
-0.5 |
|
Other |
- |
- |
- |
8.9 |
7.2 |
|
Treasury Stock |
- |
- |
- |
-1,300.8 |
-0.4 |
|
Cash from Financing Activities |
895.6 |
-8,127.2 |
6,474.1 |
607.8 |
-938.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-200.2 |
151.5 |
-445.8 |
-310.1 |
160.0 |
|
Net Change in Cash |
1,496.0 |
-1,271.7 |
4,627.3 |
-31.2 |
894.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12,609.7 |
12,897.8 |
7,465.1 |
6,593.8 |
5,550.5 |
|
Net Cash - Ending Balance |
14,105.8 |
11,626.1 |
12,092.4 |
6,562.7 |
6,444.9 |
|
Cash Interest Paid |
479.7 |
592.1 |
845.1 |
726.2 |
628.8 |
|
Cash Taxes Paid |
1,628.0 |
1,172.3 |
2,005.5 |
2,478.0 |
1,673.1 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.605269 |
85.691434 |
86.812446 |
88.962162 |
92.080323 |
|
|
|
|
|
|
|
|
Net income |
1,515.6 |
5,800.7 |
4,445.2 |
3,214.2 |
1,630.3 |
|
Depreciation |
438.0 |
1,678.3 |
1,202.1 |
783.9 |
375.5 |
|
Doubtful Acct. |
11.3 |
106.7 |
87.2 |
30.4 |
-9.1 |
|
Retirement Expense |
- |
-43.7 |
- |
- |
- |
|
G/L Mark.Sec. |
-30.1 |
-623.6 |
-472.8 |
-463.8 |
-481.1 |
|
G/L Fixed Asset Sold |
0.3 |
29.8 |
-0.2 |
15.1 |
7.1 |
|
Equity G/L |
-310.7 |
-217.3 |
-567.7 |
-213.7 |
-139.2 |
|
Deferred Tax |
- |
351.2 |
- |
- |
- |
|
ST Investment |
-10.3 |
-1.5 |
4.9 |
5.0 |
9.2 |
|
Acct. Rcvbl. |
565.0 |
-1,918.1 |
-2,902.3 |
-60.4 |
-1,063.5 |
|
Inventories |
-440.1 |
-1,907.9 |
-1,642.5 |
-552.1 |
-11.4 |
|
Acct. Payable |
-215.0 |
868.6 |
2,319.0 |
-1,126.5 |
-210.4 |
|
Prepayment |
- |
315.2 |
- |
- |
- |
|
Customer Advances |
- |
-470.0 |
- |
- |
- |
|
Other Receivable |
- |
126.8 |
- |
- |
- |
|
Other Payable |
- |
-184.0 |
- |
- |
- |
|
Accrued Expenses |
- |
128.9 |
- |
- |
- |
|
Other Curr.Asset |
- |
287.4 |
- |
- |
- |
|
Other Curr.Liabl. |
- |
266.1 |
- |
- |
- |
|
Other LT Liabl. |
- |
7.0 |
- |
- |
- |
|
Other |
302.4 |
-735.7 |
373.8 |
467.6 |
549.5 |
|
Cash from Operating Activities |
1,826.4 |
3,865.1 |
2,846.7 |
2,099.7 |
656.9 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-899.9 |
-2,668.3 |
-2,028.5 |
-1,398.2 |
-610.8 |
|
Fixed Asset Sold |
32.0 |
517.7 |
416.0 |
63.6 |
22.2 |
|
Loans Made Affiliate |
-750.0 |
-1,654.3 |
-1,170.5 |
-808.9 |
-676.1 |
|
Affiliate Loan/Invest Collected |
323.4 |
496.3 |
387.0 |
119.2 |
28.9 |
|
Mark.Sec.Bought |
- |
-2,826.4 |
- |
- |
- |
|
Mark.Sec.Sold/redemp |
- |
3,662.0 |
- |
- |
- |
|
Purch.ST & Other Inv. |
-215.8 |
-566.1 |
-2,670.6 |
-1,650.0 |
-700.5 |
|
Sale ST & Other Inv. |
717.2 |
764.1 |
3,387.0 |
2,223.7 |
1,139.1 |
|
Loans Made |
-1,327.4 |
-3,238.7 |
-2,008.8 |
-1,566.5 |
-521.0 |
|
Loans Collected |
1,091.0 |
2,408.6 |
2,003.5 |
1,555.1 |
860.0 |
|
Time Deposit, Net |
15.8 |
40.6 |
16.0 |
14.6 |
-128.5 |
|
Cash from Investing Activities |
-1,013.6 |
-3,064.5 |
-1,668.9 |
-1,447.2 |
-586.7 |
|
|
|
|
|
|
|
|
ST Debt, Net |
-706.3 |
1,484.6 |
1,200.1 |
741.5 |
1,243.9 |
|
LT Debt Proceed |
2,040.8 |
6,701.4 |
3,757.4 |
2,904.7 |
361.9 |
|
LT Debt Repaid |
-885.9 |
-6,143.4 |
-4,943.5 |
-3,768.2 |
-1,749.4 |
|
Dividend Paid |
-785.8 |
-901.6 |
-890.0 |
-388.0 |
-374.9 |
|
Div. paid to min. shareholders from sub. |
-159.8 |
-245.6 |
-214.2 |
-155.8 |
-80.6 |
|
Purch subsid. equity(minority interest) |
- |
-77.3 |
-66.9 |
-0.2 |
- |
|
Sale of subsd. equity(minority interest) |
14.1 |
72.0 |
70.5 |
3.1 |
3.0 |
|
Other |
2.0 |
- |
1.6 |
- |
0.4 |
|
New stockIssue/ Stock Option |
- |
5.7 |
- |
1.3 |
- |
|
Purch. of treasury stock |
- |
-0.2 |
- |
-0.1 |
- |
|
Cash from Financing Activities |
-480.9 |
895.6 |
-1,085.0 |
-661.7 |
-595.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-73.8 |
-200.2 |
-291.3 |
-222.9 |
-215.9 |
|
Net Change in Cash |
258.1 |
1,496.0 |
-198.5 |
-232.1 |
-741.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
14,812.1 |
12,609.7 |
12,595.9 |
12,291.5 |
11,734.8 |
|
Net Cash - Ending Balance |
15,070.1 |
14,105.8 |
12,397.4 |
12,059.4 |
10,993.5 |
|
Cash Interest Paid |
- |
479.7 |
- |
- |
- |
|
Cash Taxes Paid |
- |
1,628.0 |
- |
- |
- |
Geographic Segments
Financials in: As Reported (mil)
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Geographic Segments
Financials in: As Reported (mil)
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Interim |
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Business Segments
Financials in: As Reported (mil)
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Annual |
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Business Segments
Financials in: As Reported (mil)
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Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.22 |
|
UK Pound |
1 |
Rs.78.64 |
|
Euro |
1 |
Rs.65.54 |
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.