MIRA
INFORM REPORT
|
Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
Nihon Seimei Hanamatsu Ekimae Bldg., 325-6, Sunayama-cho, Naka-ku, Hamamatsu-Shi, 430-8587 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
29.09.1953 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
manufacture and
sale of photomultiplier tubes, imaging equipment, illuminants, optical
semiconductor elements, image processing and measuring equipment, among
others |
|
|
|
|
No. of Employees : |
4188 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
Company
name & address
HAMAMATSU
PHOTONICS K.K.
Nihon Seimei Hanamatsu Ekimae Bldg.
325-6, Sunayama-cho, Naka-ku
Hamamatsu-Shi, 430-8587
Japan
Tel: 81-53-4522141
Fax: 81-53-4567889
Web: www.hamamatsu.com
Synthesis
Employees: 4,188
Company Type: Public Parent
Corporate Family: 18 Companies
Traded: Tokyo
Stock Exchange: 6965
Incorporation Date:
29-Sep-1953
Auditor: Ernst & Young LLP
Financials in: USD
(Millions)
Fiscal Year End: 30-Sep-2011
Reporting Currency: Japanese
Yen
Annual Sales: 1,257.1 1
Net Income: 169.2
Total Assets: 2,440.1 2
Market Value: 2,821.0 (09-Nov-2012)
Business Description
HAMAMATSU PHOTONICS K.K. is a Japan-based company mainly engaged in the manufacture and sale of photomultiplier tubes, imaging equipment, illuminants, optical semiconductor elements, image processing and measuring equipment, among others. The Company operates in four business segments. The Electronic Tube segment is engaged in the manufacture and sale of photomultiplier tubes, imaging equipment and illuminants. The Optical Semiconductor segment is engaged in the manufacture and sale of optical semiconductor elements. The Image Measuring Equipment segment is engaged in the manufacture and sale of image processing and measuring equipment. The Others segment is engaged in the hotel business. As of September 30, 2011, the Company had 17 subsidiaries and five associated companies. For the nine months ended 30 June 2012, HAMAMATSU PHOTONICS K.K. revenues decreased 3% to Y74.17B. Net income decreased 18% to Y8.76B. Revenues reflect Image Measurement Equipment segment decrease of 12% to Y8.27B, Optical semiconductor business segment decrease of 2% to Y31.64B, Electron Tube Business segment decrease of 1% to Y32.06B. Net income also reflects Optical semiconductor business segment income decrease of 8% to Y10.97B.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3210 - Manufacture
of electronic valves and tubes and other electronic components
NAICS 2002: 334411 - Electron
Tube Manufacturing
UK SIC 2003: 3210 - Manufacture
of electronic valves and tubes and other electronic components
UK SIC 2007: 2611 - Manufacture
of electronic components
US SIC 1987: 3671 - Electron
Tubes
Key Executives
|
Name |
Title |
|
Akira Hiruma |
President, President & Chairman of Subsidiaries, Representative
Director |
|
Tadahiko Shimazu |
Director of Administration, Director |
|
Tsutomu Hara |
Director of Central Research Institute, Director |
|
Kenji Suzuki |
Director of 5th Manufacturing in Electrical Tube Business, Acting
Director of Electrical Tube Business, Director |
|
Takeshi Suzuki |
Co-Auditor |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Debt Ratings |
1 |
R&I Affirms Hamamatsu Photonics K.K.'s Rating at "A";
Rating Outlook Stable |
16-Mar-2012 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
US Patent Issued to Trinc.org on Nov. 13
for "Parts Feeder" (Japanese Inventor) |
19-Nov-2012 |
|
Industry Leaders to Come Together for the
11th Annual Smithers Apex Phosphor Global Summit |
15-Nov-2012 |
|
"Selector and Amplifier Device
Therefor" in Patent Application Approval Process |
15-Nov-2012 |
|
Patent Issued for Heat-Resistant Roll,
Production Method Thereof, and Method of Producing Sheet Glass Using
Heat-Resistant Roll |
14-Nov-2012 |
|
Patent Issued for Clock Generation Circuit |
14-Nov-2012 |
Financial Summary
As
of 30-Jun-2012
|
Key Ratios |
Company |
Industry |
|
Current Ratio (MRQ) |
4.39 |
2.32 |
|
Quick Ratio (MRQ) |
3.55 |
1.43 |
|
Debt to Equity (MRQ) |
0.06 |
0.56 |
|
Sales 5 Year Growth |
3.21 |
8.07 |
|
Net Profit Margin (TTM) % |
11.68 |
6.72 |
|
Return on Assets (TTM) % |
6.26 |
5.54 |
|
Return on Equity (TTM) % |
8.80 |
13.32 |
Stock Snapshot
|
Traded: Tokyo
Stock Exchange: 6965 |
||||||||||||||||||||||||||||||
|
As of 9-Nov-2012 Financials in: JPY |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 81.02499
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 77.08
Corporate Overview
Location
Nihon Seimei Hanamatsu Ekimae Bldg.
325-6, Sunayama-cho, Naka-ku
Hamamatsu-Shi, 430-8587
Japan
Tel: 81-53-4522141
Fax: 81-53-4567889
Web: www.hamamatsu.com
Quote Symbol - Exchange
6965 - Tokyo Stock
Exchange
Sales JPY(mil): 101,858.0
Assets JPY(mil): 188,084.0
Employees: 4,188
Fiscal Year End: 30-Sep-2011
Industry: Electronic
Instruments and Controls
Incorporation Date: 29-Sep-1953
Company Type: Public
Parent
Quoted Status: Quoted
Manager of President's Office, Director: Kenji
Yoshida
Company Web Links
Corporate History/Profile
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Market Data
Shareholders
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2429 - Other Electronic Equipment Manufacturing
4400 - Accommodation
2411 - Photographic, Optical and Ophthalmic Equipment
Manufacturing
2439 - Other Electrical Equipment Manufacturing
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
3210 - Manufacture of electronic valves and tubes and other
electronic components
3340 - Manufacture of optical instruments and photographic
equipment
3162 - Manufacture of other electrical equipment not elsewhere
classified
5510 - Hotels
NAICS 2002 Codes:
334411 - Electron Tube Manufacturing
721110 - Hotels (except Casino Hotels) and Motels
334413 - Semiconductor and Related Device Manufacturing
333314 - Optical Instrument and Lens Manufacturing
335999 - All Other Miscellaneous Electrical Equipment and Component
Manufacturing
333315 - Photographic and Photocopying Equipment Manufacturing
US SIC 1987:
3671 - Electron Tubes
7011 - Hotels and Motels
3674 - Semiconductors and Related Devices
3827 - Optical Instruments and Lenses
3861 - Photographic Equipment and Supplies
3699 - Electrical Machinery, Equipment, and Supplies, Not
Elsewhere Classified
UK SIC 2003:
3210 - Manufacture of electronic valves and tubes and other
electronic components
33403 - Manufacture of photographic and cinematographic equipment
5510 - Hotels
33402 - Manufacture of optical precision instruments
3162 - Manufacture of other electrical equipment not elsewhere
classified
UK SIC 2007:
2611 - Manufacture of electronic components
2790 - Manufacture of other electrical equipment
26701 - Manufacture of optical precision instruments
5510 - Hotels and similar accommodation
26702 - Manufacture of photographic and cinematographic equipment
Business
Description
HAMAMATSU
PHOTONICS K.K. is a Japan-based company mainly engaged in the manufacture and
sale of photomultiplier tubes, imaging equipment, illuminants, optical
semiconductor elements, image processing and measuring equipment, among others.
The Company operates in four business segments. The Electronic Tube segment is
engaged in the manufacture and sale of photomultiplier tubes, imaging equipment
and illuminants. The Optical Semiconductor segment is engaged in the manufacture
and sale of optical semiconductor elements. The Image Measuring Equipment
segment is engaged in the manufacture and sale of image processing and
measuring equipment. The Others segment is engaged in the hotel business. As of
September 30, 2011, the Company had 17 subsidiaries and five associated
companies. For the nine months ended 30 June 2012, HAMAMATSU PHOTONICS K.K.
revenues decreased 3% to Y74.17B. Net income decreased 18% to Y8.76B. Revenues
reflect Image Measurement Equipment segment decrease of 12% to Y8.27B, Optical
semiconductor business segment decrease of 2% to Y31.64B, Electron Tube
Business segment decrease of 1% to Y32.06B. Net income also reflects Optical
semiconductor business segment income decrease of 8% to Y10.97B.
More Business
Descriptions
Manufacture of
photo-electric devices
Mfr. of
Photodiodes, Phototransistors & Other Optical Semiconductor Products
Hamamatsu
Photonics K.K.(Hamamatsu) undertakes the design, manufacture and sales of the
optical electronic devices. The company produces and markets its products in
different categories such as medical, industrial, analytical, measurement,
analytical research, transportation and communication. Hamamatsu divided its
operations into three segments, namely, Electron tube, Opto-semiconductor, and
Imaging and measurement instruments.The company's Electron Tube segment
develops and manufactures a variety of products for use in medical
applications, chemical analysis, measurement, industrial testing, and academic
research. The key products include photomultiplier tubes, electron multipliers,
microchannel plates, image intensifiers, x-ray products, and a wide variety of
light sources. Its products are used in high precision photo equipments. These
products are applied in the areas of energy physics, positron emission
tomography (PET), semi conductor inspection, blood analysis and oil well
logging. Image intensifiers convert X-ray in to visible image and are used in
night vision devices and in medicine for non destructive testing. Its Light sources
include deuterium and xenon lamps. Deuterium lamps are used in analytical
instruments for fluorescence spectroscopy and ultra violet (UV) radiation
absorption. Xenon lamps are applied in areas semi conductor water surface
inspection and medical instrumentation. Electron Tube segment contributed 43.1%
of the total revenue of the company for fiscal year ended September 2011.In
Opto-semiconductor segment, the company manufactures and sells
opto-semiconductor devices for applications in medical imaging, highenergy
physics, and scientific measurement. The key products of this segment include
silicon photodiodes, photo IC (Integrated Circuits) components, position
sensitive detectors, infrared detectors, image sensors for low-light-level
imaging and X-ray imaging, mini-spectrometers, and light emitting devices.
Photo diode is a major product in this division. These photo diodes convert
light in to electrical signal and are used in analytical instruments, consumer
electronics, spectrophotometers and communications. The semiconductor products
of the company are applicable in the areas of dental imaging, chemical
analysis, environmental monitoring and also for controlling engines, brakes and
suspension, doors, windows and air conditioners in vehicles. Opto-semiconductor
segment contributed 42.5% of the total revenue of the company for fiscal year
ended September 2011.In the Imaging and Measuring Instruments segment,
Hamamatsu Photonics offers photo sensitive components and modules and
technologies for imaging and measurement. These devices are used in life
sciences, medicine and manufacture semi conductors. The key products in this
segment include video cameras, streak cameras, image processing systems,
optical measurement systems and imaging and analysis systems. Hamamatsu
Photonics also manufactures photo emitter products used in digital cameras with
auto focus and optical wireless communication systems. Imaging and Measuring
Instruments segment contributed 12.1% of the total revenue of the company for
fiscal year ended September 2011.The research and development (R&D)
activities of the company are conducted through its research laboratories
include Central Research Laboratory, Sports Photonics Laboratory and Tsukuba
Research Laboratory. It also conducts research activities in its manufacturing
facilities. The company spent JPY 10081m on its R&D activities, which
accounted for 9.9% of the total revenue of the company for the fiscal year
ended 2011. Geographically, the company divided its revenue into five segments,
namely, Japan, North America, Europe Asia and Other. The Japan region accounted
for 34.2% of the total revenue of the fiscal year ended 2011, followed by North
America (26.8%), Europe (24.5%), Asia (14.1%) and Other (0.4%).In November
2011, the company launched a new scientific CMOS camera, the ORCA-Flash 4.0,
which provides exceptional performance for a wide variety of fluorescence
microscopy and other applications. In September 2011, the company introduced
three new types of thermopiles for power-saving and security applications,
including gas analysis, temperature measurement, and human body detection. The
three types of thermopiles consist of area sensors (T11264 series), linear
sensors (T11263 series), and dual sensors (T11722 series). Further in September,
it also developed an instrument for terahertz ATR (attenuated total reflection)
spectroscopy.
Hamamatsu
Photonics K.K. (Hamamatsu) is an optical electronic devices manufacturing
company. It carries out the design, manufacture and sales of the photonic technologies
to educational universities and research centers along with hospitals and
dental clinics. Its key products include photomultiplier tubes, light sources,
imaging tubes, opto-semiconductors, imaging and analyzing systems. The company
operates along with its subsidiaries across Japan, China, the US, Germany,
France, the UK, Sweden and Italy. Hamamatsu is headquartered in Hamamatsu City,
Tokyo, Japan.The company seeks to leverage the proprietary photonics
technologies through its application in both basic research and the creation of
new value-added products. Hamamatsu's business strategy is to capitalize on
growth opportunities across Asia and other emerging markets.The company
reported revenues of (Yen) JPY 101,858.00 million during the fiscal year ended
September 2011, an increase of 11.98% over 2010. The operating profit of the
company was JPY 21,339.00 million during the fiscal year 2011, an increase of
34.70% over 2010. The net profit of the company was JPY 13,708.00 million
during the fiscal year 2011, an increase of 19.24% over 2010.
Navigational, Measuring, Medical, and Control Instruments Manufacturing
Brand/Trade Names
HAMAMATSU
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Family |
Corporate
Structure News: |
|
|
HAMAMATSU
PHOTONICS K.K. |
|
HAMAMATSU PHOTONICS K.K. |
|
|
|
|
|
Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Hamamatsu-Shi |
Japan |
Electronic Instruments and Controls |
1,257.1 |
4,188 |
|
|
Subsidiary |
Bridgewater, NJ |
United States |
Electronic Instruments and Controls |
|
200 |
|
|
Subsidiary |
Bridgewater, NJ |
United States |
Electronic Instruments and Controls |
48.8 |
180 |
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Semiconductors |
13.1 |
130 |
|
|
Subsidiary |
Herrsching A. Ammersee, Bayern |
Germany |
Electronic Instruments and Controls |
147.7 |
65 |
|
|
Subsidiary |
Iwata |
Japan |
Hotels and Motels |
|
60 |
|
|
Subsidiary |
Beijing |
China |
Semiconductors |
|
40 |
|
|
Subsidiary |
Massy |
France |
Electronic Instruments and Controls |
75.4 |
34 |
|
|
Subsidiary |
Welwyn Garden City |
United Kingdom |
Retail (Department and Discount) |
41.3 |
34 |
|
|
Subsidiary |
Kista |
Sweden |
Electronic Instruments and Controls |
41.7 |
20 |
|
|
Subsidiary |
Milan |
Italy |
Electronic Instruments and Controls |
11.3 |
17 |
|
|
Subsidiary |
Sewickley, PA |
United States |
Software and Programming |
2.7 |
8 |
|
|
Subsidiary |
Middlesex, NJ |
United States |
Electronic Instruments and Controls |
0.8 |
4 |
|
|
Facility |
Middlesex, NJ |
United States |
Semiconductors |
|
|
|
|
Subsidiary |
Okayama |
Japan |
Semiconductors |
|
|
|
|
Division |
Iwata, Shizuoka |
Japan |
Semiconductors |
|
|
|
|
Division |
Hamamatsu, Shizuoka |
Japan |
Semiconductors |
|
|
|
|
Division |
Hamamatsu, Shizuoka |
Japan |
Semiconductors |
|
|
|
Competitors
Report |
|
CompanyName |
Location |
Employees |
Ownership |
|
KYOCERA CORPORATION |
Kyoto-Shi, Japan |
71,489 |
Public |
|
MICRONICS JAPAN CO., LTD. |
Musashino-Shi, Japan |
1,464 |
Public |
Executive report
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Developments
R&I Affirms Hamamatsu Photonics K.K.'s Rating at "A";
Rating Outlook Stable Mar 16, 2012
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Hamamatsu Photonics K.K. at "A". The rating outlook is stable.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.024986 |
89.620246 |
95.204123 |
107.716107 |
118.930779 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,257.1 |
1,014.9 |
756.0 |
917.3 |
809.8 |
|
Revenue |
1,257.1 |
1,014.9 |
756.0 |
917.3 |
809.8 |
|
Total Revenue |
1,257.1 |
1,014.9 |
756.0 |
917.3 |
809.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
605.6 |
508.7 |
412.7 |
430.4 |
373.0 |
|
Cost of Revenue, Total |
605.6 |
508.7 |
412.7 |
430.4 |
373.0 |
|
Gross Profit |
651.5 |
506.2 |
343.3 |
486.9 |
436.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
124.5 |
105.6 |
93.8 |
101.6 |
91.6 |
|
Labor & Related Expense |
111.8 |
98.6 |
89.2 |
85.2 |
79.0 |
|
Advertising Expense |
6.1 |
5.7 |
7.2 |
7.6 |
6.8 |
|
Total Selling/General/Administrative Expenses |
242.5 |
209.9 |
190.2 |
194.4 |
177.4 |
|
Research & Development |
124.4 |
106.6 |
100.0 |
94.3 |
81.6 |
|
Depreciation |
15.1 |
13.9 |
13.7 |
12.0 |
10.8 |
|
Depreciation/Amortization |
15.1 |
13.9 |
13.7 |
12.0 |
10.8 |
|
Impairment-Assets Held for Use |
7.8 |
5.0 |
15.3 |
5.3 |
1.9 |
|
Impairment-Assets Held for Sale |
3.4 |
0.2 |
0.0 |
0.1 |
1.3 |
|
Other Unusual Expense (Income) |
-5.0 |
-6.1 |
-2.6 |
-3.9 |
-2.7 |
|
Unusual Expense (Income) |
6.1 |
-1.0 |
12.8 |
1.5 |
0.5 |
|
Total Operating Expense |
993.8 |
838.2 |
729.4 |
732.6 |
643.2 |
|
|
|
|
|
|
|
|
Operating Income |
263.4 |
176.8 |
26.6 |
184.7 |
166.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.4 |
-1.6 |
-1.7 |
-1.7 |
-1.2 |
|
Interest Expense, Net Non-Operating |
-1.4 |
-1.6 |
-1.7 |
-1.7 |
-1.2 |
|
Interest Income -
Non-Operating |
1.8 |
2.7 |
4.3 |
4.2 |
2.9 |
|
Investment Income -
Non-Operating |
-0.6 |
-2.3 |
4.8 |
1.8 |
-2.0 |
|
Interest/Investment Income - Non-Operating |
1.2 |
0.4 |
9.1 |
6.1 |
0.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.2 |
-1.2 |
7.5 |
4.4 |
-0.4 |
|
Gain (Loss) on Sale of Assets |
0.0 |
0.0 |
-2.6 |
-0.9 |
-2.4 |
|
Other Non-Operating Income (Expense) |
5.0 |
4.6 |
3.6 |
3.5 |
3.0 |
|
Other, Net |
5.0 |
4.6 |
3.6 |
3.5 |
3.0 |
|
Income Before Tax |
268.1 |
180.2 |
35.1 |
191.8 |
166.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
98.2 |
51.3 |
15.6 |
68.8 |
64.6 |
|
Income After Tax |
169.9 |
128.9 |
19.5 |
123.0 |
102.2 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.7 |
-0.6 |
-0.6 |
-1.2 |
-0.9 |
|
Net Income Before Extraord Items |
169.2 |
128.3 |
18.9 |
121.8 |
101.3 |
|
Net Income |
169.2 |
128.3 |
18.9 |
121.8 |
101.3 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Total Adjustments to Net Income |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
169.1 |
128.2 |
18.8 |
121.8 |
101.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
169.1 |
128.2 |
18.8 |
121.8 |
101.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
80.4 |
80.4 |
80.4 |
80.3 |
75.3 |
|
Basic EPS Excl Extraord Items |
2.10 |
1.59 |
0.23 |
1.52 |
1.34 |
|
Basic/Primary EPS Incl Extraord Items |
2.10 |
1.59 |
0.23 |
1.52 |
1.34 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Diluted Net Income |
169.1 |
128.2 |
18.8 |
121.8 |
101.3 |
|
Diluted Weighted Average Shares |
80.4 |
80.4 |
81.0 |
81.0 |
81.0 |
|
Diluted EPS Excl Extraord Items |
2.10 |
1.59 |
0.23 |
1.50 |
1.25 |
|
Diluted EPS Incl Extraord Items |
2.10 |
1.59 |
0.23 |
1.50 |
1.25 |
|
Dividends per Share - Common Stock Primary Issue |
0.54 |
0.45 |
0.32 |
0.43 |
0.36 |
|
Gross Dividends - Common Stock |
43.7 |
35.9 |
25.4 |
34.4 |
28.2 |
|
Interest Expense, Supplemental |
1.4 |
1.6 |
1.7 |
1.7 |
1.2 |
|
Depreciation, Supplemental |
99.8 |
96.8 |
102.4 |
85.5 |
67.5 |
|
Total Special Items |
6.1 |
-1.0 |
15.3 |
2.4 |
2.9 |
|
Normalized Income Before Tax |
274.2 |
179.2 |
50.4 |
194.1 |
169.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
2.2 |
-0.3 |
6.8 |
0.8 |
1.1 |
|
Inc Tax Ex Impact of Sp Items |
100.5 |
51.0 |
22.4 |
69.6 |
65.8 |
|
Normalized Income After Tax |
173.8 |
128.2 |
28.0 |
124.5 |
104.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
173.0 |
127.5 |
27.3 |
123.3 |
103.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.15 |
1.59 |
0.34 |
1.53 |
1.37 |
|
Diluted Normalized EPS |
2.15 |
1.59 |
0.34 |
1.52 |
1.27 |
|
Advertising Expense, Supplemental |
6.1 |
5.7 |
7.2 |
7.6 |
6.8 |
|
Research & Development Exp, Supplemental |
124.4 |
106.6 |
100.0 |
94.3 |
81.6 |
|
Reported Operating Profit |
269.4 |
175.8 |
39.3 |
186.2 |
167.1 |
|
Reported Ordinary Profit |
274.2 |
179.2 |
50.4 |
193.9 |
169.6 |
|
Normalized EBIT |
269.5 |
175.8 |
39.4 |
186.2 |
167.2 |
|
Normalized EBITDA |
369.3 |
272.6 |
141.7 |
271.8 |
234.7 |
|
Current Tax - Total |
- |
- |
17.1 |
- |
- |
|
Current Tax - Total |
- |
- |
17.1 |
- |
- |
|
Deferred Tax - Total |
- |
- |
-1.5 |
- |
- |
|
Deferred Tax - Total |
- |
- |
-1.5 |
- |
- |
|
Income Tax - Total |
- |
- |
15.6 |
- |
- |
|
Interest Cost - Domestic |
4.9 |
4.4 |
4.0 |
3.4 |
2.9 |
|
Service Cost - Domestic |
12.9 |
12.2 |
10.7 |
9.3 |
8.2 |
|
Prior Service Cost - Domestic |
-1.1 |
- |
- |
- |
- |
|
Expected Return on Assets - Domestic |
-1.4 |
-1.2 |
-1.8 |
-1.8 |
-1.0 |
|
Actuarial Gains and Losses - Domestic |
3.9 |
3.2 |
2.3 |
0.8 |
1.0 |
|
Domestic Pension Plan Expense |
19.2 |
18.5 |
15.2 |
11.7 |
11.1 |
|
Total Pension Expense |
19.2 |
18.5 |
15.2 |
11.7 |
11.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
3.00% |
3.00% |
2.00% |
|
Total Plan Interest Cost |
4.9 |
4.4 |
4.0 |
3.4 |
2.9 |
|
Total Plan Service Cost |
12.9 |
12.2 |
10.7 |
9.3 |
8.2 |
|
Total Plan Expected Return |
-1.4 |
-1.2 |
-1.8 |
-1.8 |
-1.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
77.08 |
83.54 |
89.535 |
106.165 |
115.015 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
922.1 |
515.0 |
463.6 |
555.8 |
385.4 |
|
Short Term Investments |
19.5 |
239.4 |
89.4 |
5.9 |
- |
|
Cash and Short Term Investments |
941.5 |
754.4 |
552.9 |
561.7 |
385.4 |
|
Accounts Receivable -
Trade, Gross |
308.5 |
275.6 |
187.5 |
221.2 |
209.6 |
|
Provision for Doubtful
Accounts |
-1.9 |
-1.6 |
-1.4 |
-1.7 |
-1.5 |
|
Trade Accounts Receivable - Net |
306.6 |
274.0 |
186.1 |
219.6 |
208.1 |
|
Other Receivables |
- |
- |
- |
0.0 |
93.7 |
|
Total Receivables, Net |
306.6 |
274.0 |
186.1 |
219.6 |
301.8 |
|
Inventories - Finished Goods |
78.0 |
62.2 |
54.2 |
42.4 |
- |
|
Inventories - Work In Progress |
145.1 |
130.8 |
120.7 |
102.1 |
- |
|
Inventories - Raw Materials |
66.8 |
55.1 |
48.3 |
46.1 |
- |
|
Total Inventory |
289.9 |
248.1 |
223.2 |
190.6 |
154.8 |
|
Deferred Income Tax - Current Asset |
43.3 |
35.3 |
21.9 |
25.0 |
28.4 |
|
Other Current Assets |
21.4 |
20.2 |
55.2 |
20.9 |
9.1 |
|
Other Current Assets, Total |
64.7 |
55.5 |
77.1 |
45.9 |
37.5 |
|
Total Current Assets |
1,602.7 |
1,331.9 |
1,039.4 |
1,017.8 |
879.5 |
|
|
|
|
|
|
|
|
Buildings |
708.6 |
633.7 |
541.4 |
448.1 |
412.9 |
|
Land/Improvements |
201.9 |
154.3 |
142.4 |
128.5 |
118.5 |
|
Machinery/Equipment |
1,068.9 |
954.8 |
862.6 |
704.4 |
616.5 |
|
Construction in
Progress |
23.1 |
56.0 |
62.5 |
28.1 |
21.7 |
|
Leases |
6.1 |
2.9 |
1.6 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
2,008.7 |
1,801.6 |
1,610.5 |
1,309.2 |
1,169.6 |
|
Accumulated Depreciation |
-1,346.0 |
-1,175.1 |
-1,025.0 |
-793.8 |
-678.7 |
|
Property/Plant/Equipment - Net |
662.6 |
626.5 |
585.4 |
515.4 |
490.9 |
|
Intangibles, Net |
20.5 |
8.6 |
4.8 |
3.3 |
2.5 |
|
LT Investment - Affiliate Companies |
9.9 |
11.1 |
- |
- |
- |
|
LT Investments - Other |
35.0 |
33.9 |
41.2 |
36.8 |
40.8 |
|
Long Term Investments |
44.9 |
45.0 |
41.2 |
36.8 |
40.8 |
|
Note Receivable - Long Term |
- |
0.0 |
0.2 |
0.5 |
0.7 |
|
Deferred Income Tax - Long Term Asset |
92.5 |
83.6 |
73.5 |
57.6 |
48.8 |
|
Other Long Term Assets |
16.8 |
16.0 |
20.4 |
16.9 |
16.2 |
|
Other Long Term Assets, Total |
109.3 |
99.6 |
93.9 |
74.6 |
65.0 |
|
Total Assets |
2,440.1 |
2,111.6 |
1,764.9 |
1,648.3 |
1,479.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
174.5 |
150.5 |
81.9 |
118.6 |
100.2 |
|
Accrued Expenses |
44.1 |
37.1 |
28.3 |
25.9 |
34.9 |
|
Notes Payable/Short Term Debt |
19.4 |
28.4 |
21.6 |
21.4 |
19.3 |
|
Current Portion - Long Term Debt/Capital Leases |
3.6 |
1.6 |
69.8 |
26.5 |
20.0 |
|
Income Taxes Payable |
60.9 |
59.2 |
3.8 |
29.1 |
30.1 |
|
Other Current Liabilities |
108.6 |
81.7 |
77.7 |
74.4 |
77.3 |
|
Other Current liabilities, Total |
169.5 |
140.9 |
81.4 |
103.5 |
107.3 |
|
Total Current Liabilities |
411.2 |
358.5 |
283.1 |
295.9 |
281.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
95.0 |
74.1 |
2.5 |
65.7 |
87.6 |
|
Total Long Term Debt |
95.0 |
74.1 |
2.5 |
65.7 |
87.6 |
|
Total Debt |
118.1 |
104.1 |
94.0 |
113.6 |
126.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.7 |
1.6 |
1.4 |
1.0 |
1.4 |
|
Deferred Income Tax |
1.7 |
1.6 |
1.4 |
1.0 |
1.4 |
|
Minority Interest |
9.9 |
8.9 |
17.5 |
15.5 |
7.8 |
|
Pension Benefits - Underfunded |
196.9 |
186.2 |
165.3 |
132.9 |
117.7 |
|
Other Long Term Liabilities |
4.2 |
1.1 |
0.7 |
0.0 |
0.6 |
|
Other Liabilities, Total |
201.1 |
187.3 |
166.1 |
133.0 |
118.3 |
|
Total Liabilities |
718.9 |
630.3 |
470.6 |
511.1 |
496.8 |
|
|
|
|
|
|
|
|
Common Stock |
453.1 |
418.1 |
390.1 |
329.0 |
302.3 |
|
Common Stock |
453.1 |
418.1 |
390.1 |
329.0 |
302.3 |
|
Additional Paid-In Capital |
449.8 |
415.0 |
387.2 |
326.6 |
300.1 |
|
Retained Earnings (Accumulated Deficit) |
971.7 |
775.0 |
617.2 |
542.0 |
415.9 |
|
Treasury Stock - Common |
-78.5 |
-72.4 |
-67.5 |
-56.9 |
-52.5 |
|
Unrealized Gain (Loss) |
2.1 |
0.5 |
2.1 |
4.1 |
9.6 |
|
Translation Adjustment |
-77.2 |
-55.1 |
-34.9 |
-7.6 |
7.1 |
|
Other Equity, Total |
-77.2 |
-55.1 |
-34.9 |
-7.6 |
7.1 |
|
Total Equity |
1,721.2 |
1,481.2 |
1,294.3 |
1,137.1 |
982.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,440.1 |
2,111.6 |
1,764.9 |
1,648.2 |
1,479.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
80.4 |
80.4 |
80.4 |
80.4 |
80.3 |
|
Total Common Shares Outstanding |
80.4 |
80.4 |
80.4 |
80.4 |
80.3 |
|
Treasury Shares - Common Stock Primary Issue |
3.4 |
3.4 |
3.4 |
3.4 |
3.4 |
|
Employees |
4,188 |
4,002 |
3,793 |
3,762 |
3,600 |
|
Number of Common Shareholders |
30,578 |
33,878 |
36,280 |
35,969 |
38,583 |
|
Total Long Term Debt, Supplemental |
98.7 |
75.7 |
72.4 |
92.2 |
107.6 |
|
Long Term Debt Maturing within 1 Year |
3.6 |
1.6 |
69.8 |
26.5 |
20.0 |
|
Long Term Debt Maturing in Year 2 |
42.5 |
1.5 |
1.3 |
63.6 |
25.9 |
|
Long Term Debt Maturing in Year 3 |
1.9 |
36.4 |
1.2 |
1.1 |
58.5 |
|
Long Term Debt Maturing in Year 4 |
40.7 |
0.1 |
0.1 |
1.0 |
1.1 |
|
Long Term Debt Maturing in Year 5 |
1.7 |
36.0 |
0.0 |
0.0 |
2.0 |
|
Long Term Debt Maturing in 2-3 Years |
44.4 |
38.0 |
2.5 |
64.7 |
84.4 |
|
Long Term Debt Maturing in 4-5 Years |
42.4 |
36.1 |
0.1 |
1.1 |
3.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
8.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
3.8 |
1.8 |
1.2 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
1.5 |
0.7 |
0.6 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
1.1 |
0.5 |
0.2 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.8 |
0.3 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.4 |
0.2 |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.1 |
0.1 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.9 |
0.7 |
0.4 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.4 |
0.3 |
0.2 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
285.1 |
263.4 |
234.1 |
186.9 |
163.8 |
|
Plan Assets - Domestic |
91.0 |
69.8 |
63.4 |
54.5 |
56.8 |
|
Funded Status - Domestic |
-194.1 |
-193.6 |
-170.8 |
-132.4 |
-107.0 |
|
Total Funded Status |
-194.1 |
-193.6 |
-170.8 |
-132.4 |
-107.0 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
3.00% |
3.00% |
2.00% |
|
Accrued Liabilities - Domestic |
-180.7 |
-170.7 |
-149.6 |
-118.6 |
-105.1 |
|
Other Assets, Net - Domestic |
13.3 |
22.8 |
21.2 |
13.8 |
1.9 |
|
Net Assets Recognized on Balance Sheet |
-167.4 |
-147.9 |
-128.4 |
-104.8 |
-103.2 |
|
Total Plan Obligations |
285.1 |
263.4 |
234.1 |
186.9 |
163.8 |
|
Total Plan Assets |
91.0 |
69.8 |
63.4 |
54.5 |
56.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.024986 |
89.620246 |
95.204123 |
107.716107 |
118.930779 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
268.1 |
180.1 |
35.0 |
191.7 |
166.7 |
|
Depreciation |
99.8 |
96.8 |
102.4 |
85.5 |
67.5 |
|
Depreciation/Depletion |
99.8 |
96.8 |
102.4 |
85.5 |
67.5 |
|
Unusual Items |
5.2 |
0.9 |
13.2 |
1.6 |
2.2 |
|
Equity in Net Earnings (Loss) |
-0.6 |
-0.4 |
-0.7 |
-0.8 |
-0.8 |
|
Other Non-Cash Items |
-5.3 |
8.1 |
4.4 |
2.5 |
3.4 |
|
Non-Cash Items |
-0.8 |
8.6 |
16.9 |
3.3 |
4.8 |
|
Accounts Receivable |
-18.9 |
-78.1 |
59.6 |
-2.2 |
-7.1 |
|
Inventories |
-27.3 |
-14.1 |
-4.6 |
-27.6 |
-18.8 |
|
Accounts Payable |
22.0 |
67.4 |
-45.1 |
17.2 |
0.6 |
|
Accrued Expenses |
3.9 |
6.5 |
-2.0 |
-11.5 |
-8.4 |
|
Other Operating Cash Flow |
-94.7 |
25.9 |
-65.4 |
-68.6 |
-52.5 |
|
Changes in Working Capital |
-115.2 |
7.6 |
-57.3 |
-92.8 |
-86.1 |
|
Cash from Operating Activities |
252.0 |
293.1 |
96.9 |
187.8 |
152.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-76.1 |
-109.6 |
-104.6 |
-79.8 |
-100.0 |
|
Purchase/Acquisition of Intangibles |
-7.0 |
-4.7 |
-2.5 |
-1.5 |
-1.4 |
|
Capital Expenditures |
-83.0 |
-114.3 |
-107.1 |
-81.3 |
-101.3 |
|
Acquisition of Business |
0.0 |
-10.0 |
0.0 |
- |
- |
|
Sale of Fixed Assets |
0.4 |
2.8 |
0.2 |
1.2 |
0.3 |
|
Sale/Maturity of Investment |
351.7 |
366.4 |
202.2 |
13.1 |
0.1 |
|
Investment, Net |
-293.2 |
103.2 |
-97.7 |
-45.9 |
-51.6 |
|
Purchase of Investments |
-123.4 |
-500.0 |
-279.9 |
-17.6 |
-0.6 |
|
Other Investing Cash Flow |
-0.2 |
7.5 |
-8.2 |
0.2 |
-0.1 |
|
Other Investing Cash Flow Items, Total |
-64.6 |
-30.0 |
-183.3 |
-49.1 |
-52.0 |
|
Cash from Investing Activities |
-147.6 |
-144.3 |
-290.4 |
-130.4 |
-153.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.4 |
-1.0 |
-2.3 |
92.9 |
-79.6 |
|
Financing Cash Flow Items |
-1.4 |
-1.0 |
-2.3 |
92.9 |
-79.6 |
|
Cash Dividends Paid - Common |
-43.8 |
-22.5 |
-41.4 |
-32.1 |
-25.1 |
|
Total Cash Dividends Paid |
-43.8 |
-22.5 |
-41.4 |
-32.1 |
-25.1 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.2 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.2 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.2 |
|
Short Term Debt, Net |
-13.2 |
4.5 |
1.6 |
-0.2 |
-6.6 |
|
Long Term Debt Issued |
18.8 |
67.7 |
0.0 |
0.4 |
56.1 |
|
Long Term Debt
Reduction |
-3.0 |
-69.4 |
-34.7 |
-21.5 |
-42.1 |
|
Long Term Debt, Net |
15.8 |
-1.7 |
-34.7 |
-21.1 |
14.0 |
|
Issuance (Retirement) of Debt, Net |
2.6 |
2.8 |
-33.2 |
-21.3 |
7.4 |
|
Cash from Financing Activities |
-42.5 |
-20.7 |
-76.9 |
39.4 |
-97.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-8.8 |
-8.3 |
-11.1 |
-6.4 |
2.4 |
|
Net Change in Cash |
53.0 |
119.8 |
-281.5 |
90.4 |
-95.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
354.8 |
200.9 |
470.6 |
325.6 |
390.4 |
|
Net Cash - Ending Balance |
407.8 |
320.8 |
189.1 |
416.0 |
294.9 |
|
Cash Interest Paid |
1.4 |
1.6 |
1.7 |
1.7 |
1.2 |
|
Cash Taxes Paid |
108.1 |
-15.3 |
71.0 |
70.1 |
71.0 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.024986 |
89.620246 |
95.204123 |
107.716107 |
118.930779 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,257.1 |
1,014.9 |
756.0 |
917.3 |
809.8 |
|
Total Revenue |
1,257.1 |
1,014.9 |
756.0 |
917.3 |
809.8 |
|
|
|
|
|
|
|
|
Cost of Sales |
605.6 |
508.7 |
412.7 |
430.4 |
373.0 |
|
Freightage and packing expenses |
11.7 |
9.2 |
7.3 |
8.1 |
6.9 |
|
Advertising Expense |
6.1 |
5.7 |
7.2 |
7.6 |
6.8 |
|
Payrolls |
93.8 |
83.4 |
77.6 |
74.1 |
66.1 |
|
Provision for bonuses |
12.2 |
9.8 |
7.3 |
7.5 |
9.7 |
|
Provision for director bonus |
- |
- |
- |
- |
0.0 |
|
Prov. for retire. benefits |
5.0 |
4.7 |
3.7 |
3.0 |
2.7 |
|
Reserve for officers retirement |
0.8 |
0.7 |
0.6 |
0.6 |
0.6 |
|
Depreciation |
15.1 |
13.9 |
13.7 |
12.0 |
10.8 |
|
Commission expenses |
28.2 |
24.2 |
20.9 |
23.1 |
21.1 |
|
R & D Expenses |
124.4 |
106.6 |
100.0 |
94.3 |
81.6 |
|
Provision for doubtful accounts(SGA) |
0.4 |
0.5 |
0.0 |
0.2 |
0.3 |
|
Other SGA |
84.3 |
71.7 |
65.5 |
70.3 |
63.3 |
|
SP Subsidy |
-6.3 |
-4.4 |
-2.5 |
-3.9 |
-2.7 |
|
SP Rev.Allow.Doubtful |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
SP G on reversal of directors' retire. |
0.0 |
-1.7 |
0.0 |
- |
- |
|
SP Retire. of fixed assets |
1.8 |
0.8 |
1.1 |
1.8 |
- |
|
SP Loss-reduction of Fixed Assets |
6.0 |
4.2 |
2.2 |
3.5 |
1.9 |
|
SP Impairment of Fixed Assets |
- |
0.0 |
12.0 |
0.0 |
0.0 |
|
SP Loss-Valu. Inv. Secs |
3.4 |
0.2 |
0.0 |
0.1 |
0.3 |
|
SP L on adjust. changes of acct. asst. |
1.2 |
0.0 |
- |
- |
- |
|
SP L on val. of real estates for sale |
- |
- |
- |
0.0 |
1.0 |
|
SP Officer's retirement benefits |
- |
- |
- |
0.0 |
0.1 |
|
Total Operating Expense |
993.8 |
838.2 |
729.4 |
732.6 |
643.2 |
|
|
|
|
|
|
|
|
SP Gain-Sale Fixed |
0.1 |
0.1 |
0.1 |
0.6 |
0.1 |
|
SP G on sale of LT inv't. secs. |
- |
0.0 |
0.0 |
0.2 |
0.0 |
|
SP Loss-Sale Fixed |
-0.1 |
0.0 |
-0.2 |
-0.2 |
- |
|
SP L on Liquid. of affiliate comp. |
0.0 |
0.0 |
-2.5 |
-1.2 |
0.0 |
|
SP Sale&Write Off Fixed |
- |
- |
- |
- |
-2.0 |
|
SP Loss Liquidation Subsidiary |
- |
- |
- |
0.0 |
-0.5 |
|
Non-Op Inerest Income |
1.8 |
2.7 |
4.3 |
4.2 |
2.9 |
|
Non-Op Dividend Income |
0.5 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Non-Op Fixed-Rent Income |
0.8 |
0.7 |
1.0 |
0.9 |
1.0 |
|
Non-Op R.E.Inv.-Rent Inc. |
1.9 |
1.6 |
1.5 |
1.3 |
1.1 |
|
Non-Op Exchange Gain |
- |
0.0 |
3.7 |
0.4 |
0.0 |
|
Non-Op Equity Gain |
0.6 |
0.4 |
0.7 |
0.8 |
0.8 |
|
Non-Op Other Income |
4.1 |
3.6 |
2.4 |
2.6 |
1.6 |
|
Non-Op Interest Expense |
-1.4 |
-1.6 |
-1.7 |
-1.7 |
-1.2 |
|
Non-Op Cost.related-R.E.Inv |
-1.1 |
-1.1 |
-1.2 |
-1.1 |
-0.5 |
|
Non-Op Exchange Loss |
-1.7 |
-3.1 |
0.0 |
0.0 |
-3.3 |
|
Non-Op Other Expenses |
-0.7 |
-0.2 |
-0.1 |
-0.1 |
-0.2 |
|
Net Income Before Taxes |
268.1 |
180.2 |
35.1 |
191.8 |
166.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
98.2 |
51.3 |
15.6 |
68.8 |
64.6 |
|
Net Income After Taxes |
169.9 |
128.9 |
19.5 |
123.0 |
102.2 |
|
|
|
|
|
|
|
|
Minority Interests |
-0.7 |
-0.6 |
-0.6 |
-1.2 |
-0.9 |
|
Net Income Before Extra. Items |
169.2 |
128.3 |
18.9 |
121.8 |
101.3 |
|
Net Income |
169.2 |
128.3 |
18.9 |
121.8 |
101.3 |
|
|
|
|
|
|
|
|
Adjustment |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
169.1 |
128.2 |
18.8 |
121.8 |
101.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
169.1 |
128.2 |
18.8 |
121.8 |
101.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
80.4 |
80.4 |
80.4 |
80.3 |
75.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.10 |
1.59 |
0.23 |
1.52 |
1.34 |
|
Basic EPS Including ExtraOrdinary Item |
2.10 |
1.59 |
0.23 |
1.52 |
1.34 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Diluted Net Income |
169.1 |
128.2 |
18.8 |
121.8 |
101.3 |
|
Diluted Weighted Average Shares |
80.4 |
80.4 |
81.0 |
81.0 |
81.0 |
|
Diluted EPS Excluding ExtraOrd Items |
2.10 |
1.59 |
0.23 |
1.50 |
1.25 |
|
Diluted EPS Including ExtraOrd Items |
2.10 |
1.59 |
0.23 |
1.50 |
1.25 |
|
DPS-Common Stock |
0.54 |
0.45 |
0.32 |
0.43 |
0.36 |
|
Gross Dividends - Common Stock |
43.7 |
35.9 |
25.4 |
34.4 |
28.2 |
|
Normalized Income Before Taxes |
274.2 |
179.2 |
50.4 |
194.1 |
169.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
100.5 |
51.0 |
22.4 |
69.6 |
65.8 |
|
Normalized Income After Taxes |
173.8 |
128.2 |
28.0 |
124.5 |
104.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
173.0 |
127.5 |
27.3 |
123.3 |
103.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.15 |
1.59 |
0.34 |
1.53 |
1.37 |
|
Diluted Normalized EPS |
2.15 |
1.59 |
0.34 |
1.52 |
1.27 |
|
Advertising Expense |
6.1 |
5.7 |
7.2 |
7.6 |
6.8 |
|
Research & Development Exp |
124.4 |
106.6 |
100.0 |
94.3 |
81.6 |
|
Interest Expense |
1.4 |
1.6 |
1.7 |
1.7 |
1.2 |
|
Depreciation |
99.8 |
96.8 |
102.4 |
85.5 |
67.5 |
|
Current Tax |
- |
- |
17.1 |
- |
- |
|
Current Tax - Total |
- |
- |
17.1 |
- |
- |
|
Deferred Tax |
- |
- |
-1.5 |
- |
- |
|
Deferred Tax - Total |
- |
- |
-1.5 |
- |
- |
|
Income Tax - Total |
- |
- |
15.6 |
- |
- |
|
Reported Operating Profit |
269.4 |
175.8 |
39.3 |
186.2 |
167.1 |
|
Reported Ordinary Profit |
274.2 |
179.2 |
50.4 |
193.9 |
169.6 |
|
Service Cost |
12.9 |
12.2 |
10.7 |
9.3 |
8.2 |
|
Interest Cost |
4.9 |
4.4 |
4.0 |
3.4 |
2.9 |
|
Expected Return of Plan Asset |
-1.4 |
-1.2 |
-1.8 |
-1.8 |
-1.0 |
|
Prior Service Cost - Domestic |
-1.1 |
- |
- |
- |
- |
|
Actuarial G/L |
3.9 |
3.2 |
2.3 |
0.8 |
1.0 |
|
Domestic Pension Plan Expense |
19.2 |
18.5 |
15.2 |
11.7 |
11.1 |
|
Total Pension Expense |
19.2 |
18.5 |
15.2 |
11.7 |
11.1 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.00% |
3.00% |
3.00% |
2.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
77.08 |
83.54 |
89.535 |
106.165 |
115.015 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
922.1 |
515.0 |
463.6 |
555.8 |
385.4 |
|
Note&Acct. Rcvbl |
308.5 |
275.6 |
187.5 |
221.2 |
209.6 |
|
Marketable Secs. |
19.5 |
239.4 |
89.4 |
5.9 |
- |
|
Inventories |
- |
- |
- |
- |
154.8 |
|
Merchandise & finished goods |
78.0 |
62.2 |
54.2 |
42.4 |
- |
|
Work in process |
145.1 |
130.8 |
120.7 |
102.1 |
- |
|
Raw materials & supplies |
66.8 |
55.1 |
48.3 |
46.1 |
- |
|
Deferred Tax |
43.3 |
35.3 |
21.9 |
25.0 |
28.4 |
|
Accounts receivable other |
- |
- |
- |
0.0 |
93.7 |
|
Other Cur. Asset |
21.4 |
20.2 |
55.2 |
20.9 |
9.1 |
|
Doubtful Account |
-1.9 |
-1.6 |
-1.4 |
-1.7 |
-1.5 |
|
Total Current Assets |
1,602.7 |
1,331.9 |
1,039.4 |
1,017.8 |
879.5 |
|
|
|
|
|
|
|
|
Build.&Structure |
708.6 |
633.7 |
541.4 |
448.1 |
412.9 |
|
Depreciation - Build.&Structure |
-397.1 |
-340.4 |
-295.9 |
-229.9 |
-197.5 |
|
Machine.&Vehicle |
744.6 |
657.2 |
588.6 |
478.7 |
420.5 |
|
Depreciation - Machine.&Vehicle |
-640.7 |
-556.3 |
-480.5 |
-367.2 |
-313.9 |
|
Tools & Fixtures |
324.3 |
297.6 |
274.0 |
225.6 |
196.0 |
|
Depreciation - Tools & Fixtures |
-290.4 |
-263.8 |
-236.3 |
-187.5 |
-159.7 |
|
Land |
201.9 |
154.3 |
142.4 |
128.5 |
118.5 |
|
Lease assets |
6.1 |
2.9 |
1.6 |
0.0 |
- |
|
Depreciation - lease assets |
-2.6 |
-1.3 |
-0.6 |
0.0 |
- |
|
Const Progress |
23.1 |
56.0 |
62.5 |
28.1 |
21.7 |
|
Intangible Asset |
20.5 |
8.6 |
4.8 |
3.3 |
2.5 |
|
Investment Secs. |
17.3 |
17.8 |
26.3 |
24.3 |
31.1 |
|
Investment Secs. of non-con. afflt. |
9.3 |
8.4 |
- |
- |
- |
|
LT Loan |
- |
0.0 |
0.2 |
0.5 |
0.7 |
|
R.E. Investment |
17.7 |
16.1 |
14.9 |
12.5 |
9.7 |
|
Depreciation |
-15.2 |
-13.3 |
-11.7 |
-9.2 |
-7.6 |
|
Deferred Tax |
92.5 |
83.6 |
73.5 |
57.6 |
48.8 |
|
Other Asset |
17.1 |
16.2 |
20.6 |
17.1 |
16.3 |
|
Invets' sect. of closely-held assets |
0.6 |
2.7 |
- |
- |
- |
|
Doubtful Account |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
|
Rounding Adjust. |
- |
0.0 |
- |
- |
- |
|
Total Assets |
2,440.1 |
2,111.6 |
1,764.9 |
1,648.3 |
1,479.3 |
|
|
|
|
|
|
|
|
Note&Acct.Pybl. |
174.5 |
150.5 |
81.9 |
118.6 |
100.2 |
|
ST Debt ( including current LT debt) |
- |
- |
- |
- |
12.4 |
|
ST Debt |
11.2 |
23.4 |
17.3 |
13.2 |
- |
|
Cur. Port. LT Debt |
3.6 |
1.6 |
69.8 |
13.7 |
20.0 |
|
Corporate Bond with Warrant(current) |
- |
- |
0.0 |
12.8 |
0.0 |
|
Redemp.Conv.Bond |
- |
- |
- |
- |
0.0 |
|
Tax Payable |
60.9 |
59.2 |
3.8 |
29.1 |
30.1 |
|
Bonus Allowance |
44.1 |
37.1 |
28.3 |
25.9 |
34.9 |
|
Allowance for Director Bonus |
- |
- |
- |
- |
0.0 |
|
Equip. Payable |
8.2 |
5.0 |
4.3 |
8.2 |
6.9 |
|
Other Liability |
108.6 |
81.7 |
77.7 |
74.4 |
77.3 |
|
Total Current Liabilities |
411.2 |
358.5 |
283.1 |
295.9 |
281.7 |
|
|
|
|
|
|
|
|
Corporate Bond with Warrant |
- |
- |
- |
0.0 |
14.5 |
|
LT Borrowings |
95.0 |
74.1 |
2.5 |
65.7 |
73.0 |
|
Total Long Term Debt |
95.0 |
74.1 |
2.5 |
65.7 |
87.6 |
|
|
|
|
|
|
|
|
Deferred Tax |
1.7 |
1.6 |
1.4 |
1.0 |
1.4 |
|
Allow.Accr.Retir |
180.7 |
170.7 |
149.6 |
118.6 |
105.1 |
|
Allow. Director |
16.2 |
15.4 |
15.8 |
14.3 |
12.6 |
|
Other Liability |
4.2 |
1.1 |
0.7 |
0.0 |
0.6 |
|
Minor. Interest |
9.9 |
8.9 |
17.5 |
15.5 |
7.8 |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Total Liabilities |
718.9 |
630.3 |
470.6 |
511.1 |
496.8 |
|
|
|
|
|
|
|
|
Capital stock |
453.1 |
418.1 |
390.1 |
329.0 |
302.3 |
|
Paid-in Capital |
449.8 |
415.0 |
387.2 |
326.6 |
300.1 |
|
Retained Earning |
971.7 |
775.0 |
617.2 |
542.0 |
415.9 |
|
Treasury Stock |
-78.5 |
-72.4 |
-67.5 |
-56.9 |
-52.5 |
|
Unrealized Gain |
2.1 |
0.5 |
2.1 |
3.8 |
9.6 |
|
Deferred gains or losses on hedges |
- |
0.0 |
0.0 |
0.3 |
0.0 |
|
Translation Adj. |
-77.2 |
-55.1 |
-34.9 |
-7.6 |
7.1 |
|
Total Equity |
1,721.2 |
1,481.2 |
1,294.3 |
1,137.1 |
982.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,440.1 |
2,111.6 |
1,764.9 |
1,648.2 |
1,479.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
80.4 |
80.4 |
80.4 |
80.4 |
80.3 |
|
Total Common Shares Outstanding |
80.4 |
80.4 |
80.4 |
80.4 |
80.3 |
|
T/S-Common Stock |
3.4 |
3.4 |
3.4 |
3.4 |
3.4 |
|
Full-Time Employees |
4,188 |
4,002 |
3,793 |
3,762 |
3,600 |
|
Number of Common Shareholders |
30,578 |
33,878 |
36,280 |
35,969 |
38,583 |
|
Long-Term Debt Maturing within 1Year |
3.6 |
1.6 |
69.8 |
26.5 |
20.0 |
|
Long-Term Debt Maturing within 2Years |
42.5 |
1.5 |
1.3 |
63.6 |
25.9 |
|
Long-Term Debt Maturing within 3Years |
1.9 |
36.4 |
1.2 |
1.1 |
58.5 |
|
Long-Term Debt Maturing within 4Years |
40.7 |
0.1 |
0.1 |
1.0 |
1.1 |
|
Long-Term Debt Maturing within 5Years |
1.7 |
36.0 |
0.0 |
0.0 |
2.0 |
|
Long-Term Debt Remaining Maturities |
8.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
98.7 |
75.7 |
72.4 |
92.2 |
107.6 |
|
Capital lease within 1 yr |
1.5 |
0.7 |
0.6 |
- |
- |
|
Capital lease within 2 yr |
1.1 |
0.5 |
0.2 |
- |
- |
|
Capital lease within 3 yr |
0.8 |
0.3 |
0.1 |
- |
- |
|
Capital lease within 4 yr |
0.4 |
0.2 |
0.1 |
- |
- |
|
Capital lease within 5 yr |
0.0 |
0.1 |
0.1 |
- |
- |
|
Remaining |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Capital Leases |
3.8 |
1.8 |
1.2 |
- |
- |
|
Pension Obligation |
285.1 |
263.4 |
234.1 |
186.9 |
163.8 |
|
Fair Value of Plan Asset |
91.0 |
69.8 |
63.4 |
54.5 |
56.8 |
|
Funded Status |
-194.1 |
-193.6 |
-170.8 |
-132.4 |
-107.0 |
|
Total Funded Status |
-194.1 |
-193.6 |
-170.8 |
-132.4 |
-107.0 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.00% |
3.00% |
3.00% |
2.00% |
|
Unrecognized Actuarial Gains and Losses |
23.4 |
22.8 |
21.2 |
13.8 |
1.9 |
|
Unrecognized prior service cost |
-10.1 |
- |
- |
- |
- |
|
Reserve for Accrued Retirement Benefits |
-180.7 |
-170.7 |
-149.6 |
-118.6 |
-105.1 |
|
Net Assets Recognized on Balance Sheet |
-167.4 |
-147.9 |
-128.4 |
-104.8 |
-103.2 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
81.024986 |
89.620246 |
95.204123 |
107.716107 |
118.930779 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income before taxes |
268.1 |
180.1 |
35.0 |
191.7 |
166.7 |
|
Depreciation |
99.8 |
96.8 |
102.4 |
85.5 |
67.5 |
|
Impairment Loss |
- |
0.0 |
12.0 |
0.0 |
0.0 |
|
Allow. Doubtful Acct |
0.3 |
0.3 |
-0.4 |
0.2 |
0.2 |
|
Bonus Allowance |
3.9 |
6.5 |
-2.0 |
-11.5 |
-8.4 |
|
Allow. Accr. Retire. |
-4.1 |
9.8 |
8.4 |
4.7 |
5.1 |
|
Allow. Director Ben. |
-0.5 |
-1.4 |
-1.1 |
0.6 |
0.6 |
|
Interest & Dividend |
-2.3 |
-3.1 |
-4.7 |
-4.6 |
-3.3 |
|
Interest Expense |
1.4 |
1.6 |
1.7 |
1.7 |
1.2 |
|
Exchange Gain/Loss |
0.0 |
1.0 |
0.5 |
0.0 |
-0.5 |
|
Equity Earnings |
-0.6 |
-0.4 |
-0.7 |
-0.8 |
-0.8 |
|
Write Off Fixed |
1.8 |
0.8 |
1.1 |
1.8 |
2.0 |
|
G/L Sale Fixed Assets |
0.0 |
-0.1 |
0.1 |
-0.4 |
-0.1 |
|
Valu. Inv. Secs. |
3.4 |
0.2 |
0.0 |
0.1 |
0.3 |
|
Account Receivable |
-18.9 |
-78.1 |
59.6 |
-2.2 |
-7.1 |
|
Inventories |
-27.3 |
-14.1 |
-4.6 |
-27.6 |
-18.8 |
|
Account Payable |
22.0 |
67.4 |
-45.1 |
17.2 |
0.6 |
|
Director Bonus Paid |
- |
- |
- |
0.0 |
-0.5 |
|
Other |
12.5 |
9.2 |
2.5 |
-1.5 |
17.0 |
|
Int.&Divid. Received |
2.3 |
3.1 |
4.7 |
4.6 |
3.3 |
|
Interest Paid |
-1.4 |
-1.6 |
-1.7 |
-1.7 |
-1.2 |
|
Tax Paid |
-108.1 |
15.3 |
-71.0 |
-70.1 |
-71.0 |
|
Adjustment |
0.0 |
- |
- |
- |
- |
|
Cash from Operating Activities |
252.0 |
293.1 |
96.9 |
187.8 |
152.9 |
|
|
|
|
|
|
|
|
Time Deposit, Net |
-293.2 |
103.2 |
-97.7 |
-45.9 |
-51.6 |
|
Purchase of Marketable Securities |
-123.4 |
-500.0 |
-279.9 |
-17.6 |
-0.6 |
|
Sale of Marketable Securities |
351.7 |
366.4 |
201.5 |
12.7 |
0.0 |
|
Capital Expenditure |
-76.1 |
-109.6 |
-104.6 |
-79.8 |
-100.0 |
|
Sale Fixed Asset |
0.4 |
2.8 |
0.2 |
1.2 |
0.3 |
|
Purch Intangible |
-7.0 |
-4.7 |
-2.5 |
-1.5 |
-1.4 |
|
Purch. Inv. Secs. |
- |
- |
- |
- |
0.0 |
|
Sale Inv. Secs. |
- |
0.0 |
0.8 |
0.3 |
0.1 |
|
Loans made |
- |
0.0 |
-7.6 |
0.0 |
- |
|
Collection of loans receivable |
0.0 |
7.5 |
0.0 |
- |
- |
|
Purchase of investments in subsidiaries |
0.0 |
-10.0 |
0.0 |
- |
- |
|
Other |
-0.2 |
0.0 |
-0.6 |
0.2 |
-0.1 |
|
Cash from Investing Activities |
-147.6 |
-144.3 |
-290.4 |
-130.4 |
-153.4 |
|
|
|
|
|
|
|
|
ST Debt, Net |
-13.2 |
4.5 |
1.6 |
-0.2 |
-6.6 |
|
LT Debt, issued |
18.8 |
67.7 |
0.0 |
0.4 |
56.1 |
|
Repaid LT Debt |
-3.0 |
-69.4 |
-20.5 |
-21.5 |
-42.1 |
|
Bond redemption |
- |
0.0 |
-14.2 |
0.0 |
- |
|
Convertible Bond sink funds repaid |
- |
- |
- |
0.0 |
-79.3 |
|
Convertible Bond sink funds returned |
- |
- |
0.0 |
87.0 |
0.0 |
|
Purchase of treasury stock |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.2 |
|
Dividend Paid |
-43.8 |
-22.5 |
-41.4 |
-32.1 |
-25.1 |
|
Other |
-1.4 |
-1.0 |
-2.3 |
5.9 |
-0.3 |
|
Cash from Financing Activities |
-42.5 |
-20.7 |
-76.9 |
39.4 |
-97.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-8.8 |
-8.3 |
-11.1 |
-6.4 |
2.4 |
|
Net Change in Cash |
53.0 |
119.8 |
-281.5 |
90.4 |
-95.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
354.8 |
200.9 |
470.6 |
325.6 |
390.4 |
|
Net Cash - Ending Balance |
407.8 |
320.8 |
189.1 |
416.0 |
294.9 |
|
Cash Interest Paid |
1.4 |
1.6 |
1.7 |
1.7 |
1.2 |
|
Cash Taxes Paid |
108.1 |
-15.3 |
71.0 |
70.1 |
71.0 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.91 |
|
UK Pound |
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.70.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.