MIRA
INFORM REPORT
|
Report Date : |
29.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHEMIPRO KASEI KAISHA, LTD. |
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Registered Office : |
14F KDC Kobe Bldg., 83, Kyo-machi, Chuo-ku Kobe-Shi, 650-0034
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
24.09.1982 |
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Legal Form : |
Public Independent |
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Line of Business : |
Subject is engaged in the chemical business. The Company
operates in two business segments. |
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No. of Employees : |
183 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
JAAPAN - 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 third-largest economy in the
world after second-place China, which surpassed Japan in 2001, and in a virtual
tie with India. 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 and address
CHEMIPRO KASEI KAISHA, LTD.
14F
KDC Kobe Bldg., 83, Kyo-machi, Chuo-ku
Kobe-Shi, 650-0034
Japan
Tel: 81-78-3932530
Fax: 81-78-3932517
Email: www.chemipro.co.jp
Employees: 183
Company Type: Public
Independent
Traded:
Incorporation Date: 24-Sep-1982
Auditor: KPMG AZSA LLC
Financials in: USD
(Millions)
Fiscal Year End: 31-Mar-2012
Reporting Currency: Japanese
Yen
Net Income: 1.7
Market Value: 20.4
(09-Nov-2012)
Business Description
CHEMIPRO KASEI KAISHA, LTD. is a Japan-based company principally engaged in the chemical business. The Company operates in two business segments. The Chemical segment is involved in the manufacture and sale of ultraviolet absorbers, intermediates of photographic chemicals, and papermaking chemical agents. The Home Industry segment manufactures and sells wood preserving agents and do-it-yourself (DIY) products. As of March 31, 2012, the Company had one associated company. For the three months ended 30 June 2012, CHEMIPRO KASEI KAISHA, LTD. revenues decreased 9% to Y2.15B. Net income decreased 39% to Y49.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Basic Earnings per Share excluding Extraordinary Items decreased from Y4.89 to Y2.97.
Industry
|
Industry |
|
|
ANZSIC 2006: |
2411 -
Photographic, Optical and Ophthalmic Equipment Manufacturing |
|
NACE 2002: |
3340 -
Manufacture of optical instruments and photographic equipment |
|
NAICS 2002: |
325992 -
Photographic Film, Paper, Plate, and Chemical Manufacturing |
|
UK SIC 2003: |
33403 - Manufacture
of photographic and cinematographic equipment |
|
UK SIC 2007: |
26702 - Manufacture
of photographic and cinematographic equipment |
|
US SIC 1987: |
Key Executives
|
Name |
Title |
|
President, Chief Director of Administration, Director of Finance &
Accounting, Representative Director |
|
|
Chief Director of Sales, Director of Sales, Director |
|
|
Chief Senior Director of Production Technology, Director |
|
|
Hideki Chiba |
Executive Officer |
|
Hiroshi Miyata |
President & Chief Operating Officer |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
1 |
21-Mar-2012 |
||
|
1 |
CHEMIPRO KASEI KAISHA, LTD. Amends Full-year
Consolidated Outlook for FY Ended March 31, 2012 |
10-May-2012 |
|
|
2 |
CHEMIPRO KASEI KAISHA, LTD. Announces Changes in
Shareholding Structure |
27-Dec-2011 |
* number of
significant developments within the last 12 months
News
|
Title |
Date |
|
Chemipro
Kasei 1H Parent Net Pft Y45.00M Vs Y79.00M Pft Yr Earlier |
9-Nov-2012 |
|
Chemipro
Kasei Expects This FY Parent Net Profit Y50.00M |
9-Nov-2012 |
|
Chemipro Kasei
Cuts FY Parent Pretax Profit View To Y80.00M |
9-Nov-2012 |
|
Chemipro
Kasei Cuts 1H Parent Pretax Profit View To Y59.00M |
26-Oct-2012 |
|
Chemipro
Kasei 1Q Parent Net Pft Y49.00M Vs Y81.00M Pft Yr Earlier |
6-Aug-2012 |
Financial Summary
As of 30-Jun-2012
|
Key Ratios |
Company |
Industry |
|
Current Ratio (MRQ) |
1.21 |
2.03 |
|
Quick Ratio (MRQ) |
0.76 |
1.20 |
|
Debt to Equity (MRQ) |
1.84 |
0.95 |
|
Sales 5 Year Growth |
-4.09 |
1.42 |
|
Net Profit Margin (TTM) % |
1.21 |
4.60 |
|
Return on Assets (TTM) % |
0.76 |
3.98 |
|
Return on Equity (TTM) % |
2.72 |
12.15 |
Stock Snapshot
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Traded: |
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As of 9-Nov-2012 Financials in: JPY |
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 78.96121
2 - Balance Sheet Item Exchange Rate:
USD 1 = JPY 82.38536
Location
14F
KDC Kobe Bldg., 83, Kyo-machi, Chuo-ku
Kobe-Shi, 650-0034
Japan
Tel: 81-78-3932530
Fax: 81-78-3932517
Website: www.chemipro.co.jp
Quote Symbol - Exchange
4960 - Osaka Stock Exchange
Sales JPY(mil): 8,579.8
Assets JPY(mil): 12,656.1
Employees: 183
Fiscal Year End: 31-Mar-2012
Industry: Photography
Incorporation Date: 24-Sep-1982
Company Type: Public Independent
Quoted Status: Quoted
President, Chief Director of
Administration, Director of Finance & Accounting, Representative Director: Shigeyuki
Katagi
Industry
Codes
|
ANZSIC 2006 Codes: |
||
|
2411 |
- |
Photographic, Optical and Ophthalmic Equipment Manufacturing |
|
1812 |
- |
Basic Organic Chemical Manufacturing |
|
NACE 2002 Codes: |
||
|
3340 |
- |
Manufacture of optical instruments and photographic equipment |
|
2414 |
- |
Manufacture of other organic basic chemicals |
|
NAICS 2002 Codes: |
||
|
325992 |
- |
Photographic Film, Paper, Plate, and Chemical Manufacturing |
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325199 |
- |
All Other Basic Organic Chemical Manufacturing |
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US SIC 1987: |
||
|
3861 |
- |
Photographic Equipment and Supplies |
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2869 |
- |
Industrial Organic Chemicals, Not Elsewhere Classified |
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UK SIC 2003: |
||
|
33403 |
- |
Manufacture of photographic and cinematographic equipment |
|
2414 |
- |
Manufacture of other organic basic chemicals |
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UK SIC 2007: |
||
|
26702 |
- |
Manufacture of photographic and cinematographic equipment |
|
2014 |
- |
Manufacture of other organic basic chemicals |
Business
Description
CHEMIPRO KASEI KAISHA, LTD. is a Japan-based company principally engaged in the chemical business. The Company operates in two business segments. The Chemical segment is involved in the manufacture and sale of ultraviolet absorbers, intermediates of photographic chemicals, and papermaking chemical agents. The Home Industry segment manufactures and sells wood preserving agents and do-it-yourself (DIY) products. As of March 31, 2012, the Company had one associated company. For the three months ended 30 June 2012, CHEMIPRO KASEI KAISHA, LTD. revenues decreased 9% to Y2.15B. Net income decreased 39% to Y49.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Basic Earnings per Share excluding Extraordinary Items decreased from Y4.89 to Y2.97.
More Business Descriptions
Manufacture of products to protect the skin from ultraviolet rays, cosmetics, chemicals, additives and speciality chemicals for the lumber industry
CHEMIPRO KASEI KAISHA, LTD. (Chemipro Kasei) is a chemical company, based in Japan. The company produces organic and industrial chemicals. It operates through two business segments such as Chemicals and Household Products. The chemical products offered by Chemipro Kasei include UV absorbers, anti-oxidants and other plastic additives, corrosion inhibitors and other products. The company’s Household products include wood preservatives and insecticides. It markets wood preservatives and insecticides through the brands include ALISIS and XAMOX. The company is ISO 9001 and ISO 14001 certified. It offers research and development activity. Chemipro Kasei is headquartered in Kobe, Japan.The company reported revenues of (Yen) JPY 8,579.83 million during the fiscal year ended March 2012, a decrease of 8.90% from 2011. The operating profit of the company was JPY 418.65 million during the fiscal year 2012, a decrease of 26.15% from 2011. The net profit of the company was JPY 133.23 million during the fiscal year 2012, a decrease of 67.68% from 2011.
All Other Chemical Product and Preparation Manufacturing
|
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Financials in: |
JPY(mil) |
1 Year Growth |
|
|
Revenue: |
8,579.8 |
-8.9% |
|
|
Net Income: |
133.2 |
-67.7% |
|
|
Assets: |
12,656.1 |
-1.7% |
|
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Long Term Debt: |
1,741.5 |
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|
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Total Liabilities: |
8,884.7 |
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Working Capital: |
1.3 |
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Date of Financial Data: |
31-Mar-2012 |
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Market
Data
|
Quote Symbol: |
4960 |
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Exchange: |
Osaka Stock Exchange |
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Currency: |
JPY |
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Stock Price: |
98.0 |
|
Stock Price Date: |
11-09-2012 |
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52 Week Price Change %: |
-10.1 |
|
Market Value (mil): |
1,629,114.0 |
|
SEDOL: |
6173337 |
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ISIN: |
JP3281650006 |
Equity and Dept Distribution
FY'00-'02, all WAS were estimated.
FY'04-'07 Q1&Q3, WAS was estimated and used as O/S. FY'08 Q1&Q3
O/S=WAS. From FY'06 Non-Consol. Fins.FY'05 Fins were restated.
Major Shareholders
Naohiko Fukuoka (16.7%);
Seisuke Fukuoka (10.4%); Yoko Funasaka (10.4%); BASF Japan (7.6%)
Auditor: KPMG
AZSA LLC
Auditor: KPMG
AZSA LLC
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
MEC COMPANY LTD. |
Amagasaki-Shi, Japan |
284 |
Public |
Board of Directors
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Chairman of the Board, Representative Director |
Chairman |
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Chief Senior Director of Production Technology, Director |
Director/Board Member |
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President, Chief Director of Administration, Director of Finance & Accounting, Representative Director |
Director/Board Member |
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Chief Director of Sales, Director of Sales, Director |
Director/Board Member |
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Managing Director, Chief Director of Production, Himeji Plant Manager |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives
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President, Chief Director of Administration, Director of Finance & Accounting, Representative Director |
President |
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President & Chief Operating Officer |
President |
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Managing Director, Chief Director of Production, Himeji Plant Manager |
Managing Director |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Director-Finance & Accounting |
Finance Executive |
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Chief Director of Sales, Director of Sales, Director |
Sales Executive |
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Director-Technology |
Information Executive |
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Chief Senior Director of Production Technology, Director |
Engineering/Technical Executive |
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Executive Officer |
Other |
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Executive Officer, Director of New Business Promotion |
Other |
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Executive Officer, Chief Director of Home Industry |
Other |
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Executive Officer, Director of Chemical Technology |
Other |
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Executive Officer, Chief Director of Electric Materials |
Other |
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IR Contact Officer |
Other |
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Significant Developments
CHEMIPRO KASEI
KAISHA, LTD. Amends Full-year Consolidated Outlook for FY Ended March 31, 2012
May 10, 2012
CHEMIPRO KASEI KAISHA, LTD. announced that it has lowered its full-year consolidated
outlook for revenue from JPY 8,900 million to JPY 8,579 million, but raised its
full-year consolidated outlook for operating profit from JPY 450 million to JPY
526 million, ordinary profit from JPY 310 million to JPY 359 million, net
profit from JPY 100 million to JPY 133 million and earning per share from JPY
6.03 to JPY 8.04 for the fiscal year ended March 31, 2012. The Company raised
its full-year outlook for operating profit, ordinary profit and net profit
mainly due to cost reduction.
CHEMIPRO KASEI
KAISHA, LTD. Announces Change of President
Mar 21, 2012
CHEMIPRO KASEI KAISHA, LTD. announced that it has appointed Shigeyuki Katagi to
replace Naohiko Fukuoka as President of the Company, effective April 1, 2012.
CHEMIPRO KASEI
KAISHA, LTD. Announces Changes in Shareholding Structure
Dec 27, 2011
CHEMIPRO KASEI KAISHA, LTD. announced that an individual has increased the
voting rights in the Company from 5.06%(834,260 shares) to 10.52%(1,734,260
shares), and become the second major shareholder, effective December 27, 2011.
CHEMIPRO KASEI
KAISHA, LTD. Announces Changes in Shareholding Structure
Dec 26, 2011
CHEMIPRO KASEI KAISHA, LTD. announced that an individual has decreased the
voting rights in the Company from 10.52% to 5.05%, effective December 26, 2011.
News
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
108.7 |
109.9 |
74.1 |
85.7 |
87.7 |
|
Revenue |
108.7 |
109.9 |
74.1 |
85.7 |
87.7 |
|
Other Revenue |
0.0 |
- |
- |
- |
- |
|
Other Revenue, Total |
0.0 |
- |
- |
- |
- |
|
Total Revenue |
108.7 |
109.9 |
74.1 |
85.7 |
87.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
87.5 |
90.3 |
61.8 |
73.9 |
72.4 |
|
Cost of Revenue, Total |
87.5 |
90.3 |
61.8 |
73.9 |
72.4 |
|
Gross Profit |
21.1 |
19.6 |
12.3 |
11.8 |
15.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
6.1 |
5.5 |
4.6 |
5.3 |
5.7 |
|
Labor & Related Expense |
5.2 |
4.3 |
3.3 |
4.5 |
4.7 |
|
Total Selling/General/Administrative Expenses |
11.4 |
9.8 |
7.9 |
9.8 |
10.4 |
|
Research & Development |
2.8 |
2.8 |
3.0 |
3.4 |
2.6 |
|
Depreciation |
0.3 |
0.2 |
0.4 |
0.4 |
0.3 |
|
Depreciation/Amortization |
0.3 |
0.2 |
0.4 |
0.4 |
0.3 |
|
Impairment-Assets Held for Use |
1.4 |
0.2 |
0.0 |
0.0 |
0.2 |
|
Impairment-Assets Held for Sale |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Other Unusual Expense (Income) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Unusual Expense (Income) |
1.4 |
0.2 |
0.0 |
0.1 |
0.2 |
|
Total Operating Expense |
103.4 |
103.3 |
73.0 |
87.5 |
85.9 |
|
|
|
|
|
|
|
|
Operating Income |
5.3 |
6.6 |
1.0 |
-1.8 |
1.8 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.5 |
-1.5 |
-1.5 |
-1.2 |
-1.0 |
|
Interest Expense, Net Non-Operating |
-1.5 |
-1.5 |
-1.5 |
-1.2 |
-1.0 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investment Income -
Non-Operating |
0.0 |
-0.3 |
0.1 |
0.0 |
-0.3 |
|
Interest/Investment Income - Non-Operating |
0.0 |
-0.3 |
0.1 |
0.0 |
-0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-1.4 |
-1.8 |
-1.4 |
-1.2 |
-1.3 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Non-Operating Income (Expense) |
-0.7 |
0.0 |
-2.3 |
-1.6 |
-0.1 |
|
Other, Net |
-0.7 |
0.0 |
-2.3 |
-1.6 |
-0.1 |
|
Income Before Tax |
3.2 |
4.9 |
-2.7 |
-4.6 |
0.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
1.5 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Income After Tax |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
Net Income |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
Basic EPS Excl Extraord Items |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
Basic/Primary EPS Incl Extraord Items |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
Diluted Weighted Average Shares |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
Diluted EPS Excl Extraord Items |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
Diluted EPS Incl Extraord Items |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
Dividends per Share - Common Stock Primary Issue |
0.06 |
0.00 |
0.00 |
0.00 |
0.04 |
|
Gross Dividends - Common Stock |
1.0 |
0.0 |
0.0 |
0.0 |
0.7 |
|
Interest Expense, Supplemental |
1.5 |
1.5 |
1.5 |
1.2 |
1.0 |
|
Depreciation, Supplemental |
4.3 |
3.7 |
4.0 |
3.1 |
2.4 |
|
Total Special Items |
1.4 |
0.2 |
0.0 |
0.1 |
0.2 |
|
Normalized Income Before Tax |
4.6 |
5.1 |
-2.7 |
-4.5 |
0.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.6 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
2.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Normalized Income After Tax |
2.4 |
5.0 |
-2.8 |
-4.6 |
0.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2.4 |
5.0 |
-2.8 |
-4.6 |
0.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
0.30 |
-0.17 |
-0.28 |
0.03 |
|
Diluted Normalized EPS |
0.15 |
0.30 |
-0.17 |
-0.28 |
0.03 |
|
Rental Expenses |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Research & Development Exp, Supplemental |
2.8 |
2.8 |
3.0 |
3.4 |
2.6 |
|
Reported Operating Profit |
6.7 |
6.8 |
1.0 |
-1.8 |
2.6 |
|
Reported Ordinary Profit |
4.5 |
5.1 |
-2.7 |
-4.5 |
1.6 |
|
Normalized EBIT |
6.7 |
6.8 |
1.0 |
-1.8 |
2.0 |
|
Normalized EBITDA |
11.0 |
10.5 |
5.0 |
1.4 |
4.3 |
|
Current Tax - Total |
1.5 |
- |
- |
- |
- |
|
Current Tax - Total |
1.5 |
- |
- |
- |
- |
|
Income Tax - Total |
1.5 |
- |
- |
- |
- |
|
Service Cost - Domestic |
0.8 |
- |
0.7 |
0.6 |
0.8 |
|
Domestic Pension Plan Expense |
0.8 |
- |
0.7 |
0.6 |
0.8 |
|
Total Pension Expense |
0.8 |
- |
0.7 |
0.6 |
0.8 |
|
Total Plan Service Cost |
0.8 |
- |
0.7 |
0.6 |
0.8 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
31.1 |
26.9 |
16.5 |
18.8 |
8.8 |
|
Cash and Short Term Investments |
31.1 |
26.9 |
16.5 |
18.8 |
8.8 |
|
Accounts
Receivable - Trade, Gross |
23.5 |
26.0 |
21.3 |
17.1 |
21.6 |
|
Provision
for Doubtful Accounts |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.1 |
|
Trade Accounts Receivable - Net |
23.3 |
25.8 |
21.1 |
16.8 |
21.5 |
|
Notes Receivable - Short Term |
1.3 |
1.4 |
1.8 |
1.2 |
2.0 |
|
Other Receivables |
0.7 |
0.3 |
0.2 |
0.4 |
0.1 |
|
Total Receivables, Net |
25.4 |
27.6 |
23.0 |
18.4 |
23.6 |
|
Inventories - Finished Goods |
31.9 |
28.1 |
31.1 |
33.3 |
28.7 |
|
Inventories - Work In Progress |
1.7 |
7.6 |
7.7 |
4.6 |
7.8 |
|
Inventories - Raw Materials |
4.4 |
3.6 |
3.3 |
3.2 |
5.1 |
|
Inventories - Other |
- |
- |
- |
0.3 |
0.3 |
|
Total Inventory |
38.1 |
39.4 |
42.1 |
41.3 |
41.9 |
|
Prepaid Expenses |
0.4 |
0.5 |
0.5 |
0.5 |
0.6 |
|
Other Current Assets |
0.3 |
0.1 |
0.1 |
0.1 |
0.3 |
|
Other Current Assets, Total |
0.3 |
0.1 |
0.1 |
0.1 |
0.3 |
|
Total Current Assets |
95.3 |
94.4 |
82.2 |
79.1 |
75.2 |
|
|
|
|
|
|
|
|
Buildings |
43.9 |
45.7 |
41.3 |
39.1 |
37.8 |
|
Land/Improvements |
36.2 |
36.0 |
31.9 |
30.2 |
29.9 |
|
Machinery/Equipment |
29.3 |
33.4 |
31.7 |
29.2 |
27.9 |
|
Other Property/Plant/Equipment |
6.9 |
6.6 |
5.9 |
5.1 |
0.0 |
|
Property/Plant/Equipment - Gross |
116.3 |
121.6 |
110.7 |
103.6 |
95.6 |
|
Accumulated Depreciation |
-61.0 |
-64.0 |
-56.6 |
-50.2 |
-47.2 |
|
Property/Plant/Equipment - Net |
55.2 |
57.7 |
54.1 |
53.4 |
48.4 |
|
Goodwill, Net |
0.0 |
0.1 |
0.1 |
0.4 |
0.6 |
|
Intangibles, Net |
0.4 |
0.5 |
0.5 |
0.6 |
0.7 |
|
LT Investment - Affiliate
Companies |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
LT Investments - Other |
1.3 |
1.2 |
1.1 |
1.2 |
1.7 |
|
Long Term Investments |
1.4 |
1.4 |
1.2 |
1.3 |
1.8 |
|
Note Receivable - Long Term |
0.2 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Deferred Charges |
0.2 |
0.2 |
0.2 |
0.0 |
- |
|
Other Long Term Assets |
0.8 |
0.8 |
0.7 |
0.6 |
0.6 |
|
Other Long Term Assets, Total |
0.9 |
1.0 |
0.9 |
0.6 |
0.6 |
|
Total Assets |
153.6 |
155.3 |
139.3 |
135.7 |
127.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
5.5 |
7.3 |
6.0 |
3.7 |
10.4 |
|
Accrued Expenses |
1.4 |
1.6 |
1.2 |
0.6 |
1.6 |
|
Notes Payable/Short Term Debt |
54.3 |
63.1 |
57.5 |
50.4 |
41.6 |
|
Current Portion - Long Term Debt/Capital Leases |
13.2 |
11.0 |
10.2 |
12.4 |
9.1 |
|
Customer Advances |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Security Deposits |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Income Taxes Payable |
1.5 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Other Payables |
2.8 |
2.6 |
2.3 |
2.3 |
4.0 |
|
Other Current Liabilities |
0.3 |
0.6 |
0.4 |
0.3 |
0.0 |
|
Other Current liabilities, Total |
4.8 |
3.6 |
2.9 |
2.8 |
4.3 |
|
Total Current Liabilities |
79.3 |
86.5 |
77.8 |
70.0 |
67.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
19.1 |
14.6 |
16.5 |
20.1 |
13.8 |
|
Capital Lease Obligations |
2.0 |
3.0 |
3.7 |
4.0 |
0.0 |
|
Total Long Term Debt |
21.1 |
17.6 |
20.2 |
24.0 |
13.8 |
|
Total Debt |
88.7 |
91.7 |
87.9 |
86.8 |
64.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.1 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Deferred Income Tax |
0.1 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Reserves |
0.0 |
0.0 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
3.3 |
3.2 |
2.5 |
6.3 |
6.0 |
|
Other Long Term Liabilities |
4.0 |
4.1 |
4.3 |
0.2 |
0.0 |
|
Other Liabilities, Total |
7.4 |
7.3 |
6.8 |
6.5 |
6.0 |
|
Total Liabilities |
107.8 |
111.4 |
104.8 |
100.5 |
87.0 |
|
|
|
|
|
|
|
|
Common Stock |
26.2 |
26.0 |
23.1 |
21.8 |
21.7 |
|
Common Stock |
26.2 |
26.0 |
23.1 |
21.8 |
21.7 |
|
Additional Paid-In Capital |
12.8 |
12.7 |
11.3 |
10.7 |
10.6 |
|
Retained Earnings (Accumulated Deficit) |
6.9 |
5.2 |
0.2 |
2.8 |
8.3 |
|
Treasury Stock - Common |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Unrealized Gain (Loss) |
0.1 |
0.1 |
0.1 |
0.0 |
0.3 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
0.0 |
- |
- |
- |
- |
|
Total Equity |
45.8 |
43.9 |
34.5 |
35.2 |
40.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
153.6 |
155.3 |
139.3 |
135.7 |
127.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
Total Common Shares Outstanding |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Employees |
183 |
184 |
193 |
211 |
216 |
|
Number of Common Shareholders |
1,373 |
- |
1,470 |
1,536 |
1,608 |
|
Deferred Revenue - Current |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
31.1 |
- |
25.7 |
31.7 |
22.9 |
|
Long Term Debt Maturing within 1 Year |
11.9 |
- |
9.2 |
11.6 |
9.1 |
|
Long Term Debt Maturing in Year 2 |
8.3 |
- |
7.1 |
8.3 |
6.7 |
|
Long Term Debt Maturing in Year 3 |
5.3 |
- |
4.9 |
6.0 |
3.7 |
|
Long Term Debt Maturing in Year 4 |
2.7 |
- |
1.8 |
4.2 |
2.1 |
|
Long Term Debt Maturing in Year 5 |
2.9 |
- |
1.7 |
1.5 |
1.3 |
|
Long Term Debt Maturing in 2-3 Years |
13.6 |
- |
12.0 |
14.3 |
10.4 |
|
Long Term Debt Maturing in 4-5 Years |
5.5 |
- |
3.5 |
5.7 |
3.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
- |
1.1 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
3.3 |
- |
4.6 |
4.8 |
- |
|
Capital Lease Payments Due in Year 1 |
1.3 |
- |
1.0 |
0.8 |
- |
|
Capital Lease Payments Due in Year 2 |
1.8 |
- |
1.0 |
0.8 |
- |
|
Capital Lease Payments Due in Year 3 |
0.2 |
- |
1.0 |
0.9 |
- |
|
Capital Lease Payments Due in Year 4 |
- |
- |
1.5 |
0.9 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
- |
0.1 |
1.4 |
- |
|
Capital Lease Payments Due in 2-3 Years |
2.0 |
- |
2.0 |
1.7 |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
- |
1.6 |
2.3 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
- |
0.0 |
- |
- |
|
Pension Obligation - Domestic |
3.3 |
- |
2.5 |
2.3 |
4.6 |
|
Plan Assets - Domestic |
- |
- |
- |
0.0 |
2.6 |
|
Funded Status - Domestic |
-3.3 |
- |
-2.5 |
-2.3 |
-2.0 |
|
Total Funded Status |
-3.3 |
- |
-2.5 |
-2.3 |
-2.0 |
|
Accrued Liabilities - Domestic |
-3.3 |
- |
-2.5 |
-2.3 |
-2.0 |
|
Net Assets Recognized on Balance Sheet |
-3.3 |
- |
-2.5 |
-2.3 |
-2.0 |
|
Total Plan Obligations |
3.3 |
- |
2.5 |
2.3 |
4.6 |
|
Total Plan Assets |
- |
- |
- |
0.0 |
2.6 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
3.2 |
4.9 |
-2.7 |
-4.6 |
0.5 |
|
Depreciation |
4.1 |
3.7 |
4.0 |
3.1 |
2.4 |
|
Depreciation/Depletion |
4.1 |
3.7 |
4.0 |
3.1 |
2.4 |
|
Unusual Items |
1.0 |
0.2 |
0.0 |
0.1 |
0.5 |
|
Other Non-Cash Items |
1.5 |
1.8 |
-2.8 |
1.6 |
1.9 |
|
Non-Cash Items |
2.5 |
2.0 |
-2.8 |
1.7 |
2.5 |
|
Accounts Receivable |
2.9 |
-1.4 |
-3.8 |
5.5 |
2.7 |
|
Inventories |
1.6 |
7.8 |
1.5 |
1.0 |
-4.9 |
|
Other Assets |
-0.7 |
-0.1 |
0.4 |
-0.2 |
-1.1 |
|
Accounts Payable |
-5.3 |
1.5 |
5.1 |
-11.3 |
-2.6 |
|
Accrued Expenses |
-0.2 |
0.4 |
0.0 |
-0.7 |
0.0 |
|
Other Liabilities |
-0.1 |
-0.8 |
5.8 |
-2.0 |
0.7 |
|
Other Operating Cash Flow |
-1.4 |
-1.4 |
-1.5 |
-1.4 |
-1.0 |
|
Changes in Working Capital |
-3.2 |
6.0 |
7.5 |
-9.1 |
-6.2 |
|
Cash from Operating Activities |
6.6 |
16.6 |
5.9 |
-8.9 |
-0.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1.6 |
-0.8 |
-1.6 |
-1.7 |
-5.6 |
|
Purchase/Acquisition of Intangibles |
0.0 |
-0.1 |
0.0 |
- |
0.0 |
|
Capital Expenditures |
-1.6 |
-0.9 |
-1.6 |
-1.7 |
-5.6 |
|
Sale of Fixed Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
Sale/Maturity of Investment |
0.0 |
0.0 |
0.2 |
0.3 |
0.1 |
|
Purchase of Investments |
- |
- |
- |
0.0 |
-0.4 |
|
Other Investing Cash Flow |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Investing Cash Flow Items, Total |
0.0 |
0.0 |
0.2 |
0.4 |
-0.3 |
|
Cash from Investing Activities |
-1.6 |
-0.8 |
-1.4 |
-1.4 |
-5.9 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
- |
- |
0.0 |
0.0 |
|
Financing Cash Flow Items |
0.0 |
- |
- |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
0.0 |
0.0 |
0.0 |
-0.8 |
-0.7 |
|
Total Cash Dividends Paid |
0.0 |
0.0 |
0.0 |
-0.8 |
-0.7 |
|
Sale/Issuance of
Common |
- |
- |
0.0 |
0.0 |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Short Term Debt Issued |
87.4 |
91.6 |
72.1 |
48.3 |
- |
|
Short Term Debt
Reduction |
-93.7 |
-93.9 |
-71.0 |
-35.3 |
- |
|
Short Term Debt, Net |
-6.3 |
-2.3 |
1.1 |
12.9 |
-0.9 |
|
Long Term Debt Issued |
19.2 |
5.8 |
4.6 |
18.9 |
6.1 |
|
Long Term Debt
Reduction |
-13.8 |
-11.3 |
-13.5 |
-10.7 |
-7.3 |
|
Long Term Debt, Net |
5.5 |
-5.5 |
-9.0 |
8.2 |
-1.1 |
|
Issuance (Retirement) of Debt, Net |
-0.8 |
-7.8 |
-7.9 |
21.1 |
-2.0 |
|
Cash from Financing Activities |
-0.9 |
-7.8 |
-7.9 |
20.3 |
-2.7 |
|
|
|
|
|
|
|
|
Net Change in Cash |
4.2 |
8.0 |
-3.4 |
10.1 |
-9.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
28.3 |
18.0 |
20.0 |
8.5 |
17.0 |
|
Net Cash - Ending Balance |
32.4 |
26.1 |
16.6 |
18.5 |
7.4 |
|
Cash Interest Paid |
1.4 |
1.5 |
1.4 |
1.3 |
1.0 |
|
Cash Taxes Paid |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Rounding
adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Revenue on
Products |
101.3 |
103.0 |
68.5 |
81.4 |
79.9 |
|
Revenue on
Merchandise |
7.4 |
6.9 |
5.6 |
4.3 |
7.8 |
|
Total Revenue |
108.7 |
109.9 |
74.1 |
85.7 |
87.7 |
|
|
|
|
|
|
|
|
Rounding
adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Cost for sale of
products |
80.8 |
84.0 |
56.9 |
69.6 |
64.6 |
|
Cost for sale of
merchandise |
6.4 |
5.9 |
4.6 |
3.7 |
6.3 |
|
Other Selling/General/Admin.
Expense |
0.0 |
- |
- |
- |
- |
|
Delivery cost |
2.1 |
2.0 |
1.7 |
1.5 |
1.9 |
|
Transportation
Cost |
0.8 |
0.6 |
0.5 |
0.8 |
0.8 |
|
Entertainment
expense |
0.4 |
0.3 |
0.2 |
0.6 |
0.8 |
|
Allow. for Doubt.
Accts. |
0.0 |
0.0 |
0.0 |
0.2 |
0.1 |
|
Directors''
compensations |
2.1 |
1.6 |
1.1 |
1.6 |
1.2 |
|
Salaries |
2.8 |
2.3 |
1.9 |
2.4 |
2.7 |
|
Allowance for
Bonuses |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Periodic
retirement expense |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Res. for Director
Retirement Benefits |
- |
- |
0.0 |
0.2 |
0.2 |
|
Land & House
Rent Expenses |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Rental Expenses |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Taxes, other than
income tax |
0.4 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Commission
expenses |
0.9 |
0.8 |
0.6 |
0.6 |
0.7 |
|
Depreciation |
0.3 |
0.2 |
0.4 |
0.4 |
0.3 |
|
Research &
Development |
2.8 |
2.8 |
3.0 |
3.4 |
2.6 |
|
Other SGA |
1.4 |
1.2 |
1.0 |
1.4 |
1.5 |
|
Environmental
Expenses |
0.1 |
- |
- |
- |
- |
|
Income from
insurance |
-0.5 |
- |
- |
- |
- |
|
Loss of accidents
at the plant |
0.4 |
- |
- |
- |
- |
|
SP Income from
insurance |
- |
0.0 |
- |
- |
- |
|
SP Reversal G on
Doubt. Acct. |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Impairment loss |
0.4 |
- |
- |
- |
- |
|
SP L on Write-off
Fixed Asset |
0.9 |
0.2 |
0.0 |
0.0 |
0.2 |
|
SP Revalue.
L-Inventory |
- |
- |
- |
0.0 |
0.6 |
|
SP Provision for
environmental measures |
- |
0.0 |
0.0 |
- |
- |
|
Loss on valuation of
golf club membershi |
0.0 |
- |
- |
- |
- |
|
SP Revalue.
L-Invest. Sec |
- |
0.0 |
0.0 |
0.1 |
0.0 |
|
SP Impairment Loss |
- |
0.0 |
- |
- |
- |
|
SP Revalue.
L-Membership |
- |
0.0 |
- |
- |
- |
|
SP Loss of
accidents at the plant |
- |
0.0 |
- |
- |
- |
|
SP Environmental
expenses |
- |
0.0 |
- |
- |
- |
|
Total Operating
Expense |
103.4 |
103.3 |
73.0 |
87.5 |
85.9 |
|
|
|
|
|
|
|
|
SP Gain-Sale of
Fixed Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Gain-Sale of
Invest. Sec. |
- |
0.0 |
0.0 |
0.0 |
- |
|
SP Loss-Sale of
Fixed Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Loss-Sale of
Invest. Sec. |
- |
- |
- |
0.0 |
0.0 |
|
SP L -
Extinguishment of Affiliate Stock |
- |
- |
- |
0.0 |
-0.4 |
|
NOP Interest
Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Dividend
Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Subsidy Income |
0.0 |
- |
- |
- |
- |
|
Other
Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
Reversal of
allowance for doubtful accou |
0.1 |
- |
- |
- |
- |
|
NOP Purchase
discount |
- |
- |
0.0 |
0.0 |
0.0 |
|
NOP Exchange Gain |
- |
0.0 |
0.1 |
0.0 |
- |
|
NOP Lease Income |
0.3 |
0.6 |
0.3 |
0.0 |
0.2 |
|
NOP Subsidy Income |
- |
- |
0.0 |
0.1 |
0.0 |
|
NOP Rev. allowance
for doubtful accou |
- |
0.0 |
- |
- |
- |
|
Miscellaneous
income |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
NOP Interest
Expense |
-1.5 |
-1.5 |
-1.5 |
-1.2 |
-1.0 |
|
NOP Foreign
exchange losses |
- |
-0.3 |
0.0 |
- |
- |
|
NOP Cost of Lease |
-0.3 |
-0.4 |
-0.1 |
0.0 |
-0.1 |
|
NOP Cost of
produce suspension |
-0.8 |
0.0 |
-2.4 |
-1.7 |
0.0 |
|
Miscellaneous loss |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.3 |
|
Net Income
Before Taxes |
3.2 |
4.9 |
-2.7 |
-4.6 |
0.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1.5 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Net Income After
Taxes |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Net Income
Before Extra. Items |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
Net Income |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available
to Com Excl ExtraOrd |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl ExtraOrd |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
Basic EPS Including ExtraOrdinary Item |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.7 |
4.8 |
-2.8 |
-4.6 |
0.4 |
|
Diluted Weighted Average Shares |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
Diluted EPS Excluding ExtraOrd Items |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
Diluted EPS Including ExtraOrd Items |
0.10 |
0.29 |
-0.17 |
-0.28 |
0.02 |
|
DPS-Common Stock |
0.06 |
0.00 |
0.00 |
0.00 |
0.04 |
|
Gross Dividends - Common Stock |
1.0 |
0.0 |
0.0 |
0.0 |
0.7 |
|
Normalized
Income Before Taxes |
4.6 |
5.1 |
-2.7 |
-4.5 |
0.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Normalized
Income After Taxes |
2.4 |
5.0 |
-2.8 |
-4.6 |
0.5 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
2.4 |
5.0 |
-2.8 |
-4.6 |
0.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.15 |
0.30 |
-0.17 |
-0.28 |
0.03 |
|
Diluted Normalized EPS |
0.15 |
0.30 |
-0.17 |
-0.28 |
0.03 |
|
Interest Expense |
1.5 |
1.5 |
1.5 |
1.2 |
1.0 |
|
Amort of Tangible Assets-Current Portion |
4.3 |
- |
- |
- |
- |
|
Depreciation |
- |
3.7 |
4.0 |
3.1 |
2.4 |
|
Land & House Rent Expenses |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Rental Expenses |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Research and Development |
2.8 |
2.8 |
3.0 |
3.4 |
2.6 |
|
Income
taxes-current |
1.5 |
- |
- |
- |
- |
|
Current Tax - Total |
1.5 |
- |
- |
- |
- |
|
Income Tax - Total |
1.5 |
- |
- |
- |
- |
|
Reported Operating Profit |
6.7 |
6.8 |
1.0 |
-1.8 |
2.6 |
|
Reported Ordinary Profit |
4.5 |
5.1 |
-2.7 |
-4.5 |
1.6 |
|
Service Cost |
0.8 |
- |
0.7 |
0.6 |
0.8 |
|
Domestic Pension Plan Expense |
0.8 |
- |
0.7 |
0.6 |
0.8 |
|
Total Pension Expense |
0.8 |
- |
0.7 |
0.6 |
0.8 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash&Equivalent |
31.1 |
26.9 |
16.5 |
18.8 |
8.8 |
|
Notes
receivable-trade |
1.3 |
1.4 |
1.8 |
1.2 |
2.0 |
|
Accounts
receivable-trade |
23.5 |
26.0 |
21.3 |
17.1 |
21.6 |
|
Merchandise And
Finished Goods |
31.9 |
- |
- |
- |
- |
|
Goods |
- |
- |
- |
0.2 |
1.0 |
|
Products |
- |
- |
- |
33.0 |
27.7 |
|
Goods&Products |
- |
28.1 |
31.1 |
- |
- |
|
Semi-finished
Goods |
- |
5.6 |
6.8 |
3.7 |
6.0 |
|
Raw Materials |
- |
- |
- |
3.2 |
5.1 |
|
Work in process |
1.7 |
2.1 |
1.0 |
0.8 |
1.8 |
|
Supplies |
- |
- |
- |
0.3 |
0.3 |
|
Raw
Materials&Supplies |
4.4 |
3.6 |
3.3 |
- |
- |
|
Prepaid Expenses |
0.4 |
0.4 |
0.5 |
0.5 |
0.6 |
|
Accounts
receivable-other |
0.7 |
0.3 |
0.2 |
0.4 |
0.1 |
|
Rounding
adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Reimbursable Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current
Assets |
0.3 |
0.1 |
0.1 |
0.1 |
0.3 |
|
Allowance-Doubt.
Accts. |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.1 |
|
Total Current
Assets |
95.3 |
94.4 |
82.2 |
79.1 |
75.2 |
|
|
|
|
|
|
|
|
Buildings |
36.5 |
37.8 |
33.7 |
31.9 |
30.9 |
|
Accumulated
depreciation |
-24.3 |
-24.0 |
-20.5 |
-18.4 |
-17.3 |
|
Structures |
7.4 |
7.8 |
7.6 |
7.2 |
6.9 |
|
Accumulated
depreciation |
-6.3 |
-6.6 |
-6.3 |
-5.7 |
-5.4 |
|
Machinery &
Equipments |
26.4 |
30.9 |
29.4 |
27.3 |
26.0 |
|
Accumulated
depreciation |
-24.1 |
-28.5 |
-26.6 |
-24.0 |
-22.8 |
|
Vehicles |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Depreciation -
Vehicles |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
|
Tools, furniture
and fixtures |
2.8 |
2.4 |
2.1 |
1.8 |
1.7 |
|
Accumulated
depreciation |
-2.5 |
-2.2 |
-1.9 |
-1.6 |
-1.5 |
|
Land |
36.2 |
36.0 |
31.9 |
30.2 |
29.9 |
|
Lease assets,
gross |
6.9 |
6.6 |
5.9 |
5.1 |
0.0 |
|
Accumulated
depreciation |
-3.8 |
-2.6 |
-1.3 |
-0.3 |
0.0 |
|
Property/Plant/Equipment,
Total - Net |
0.0 |
- |
- |
- |
- |
|
Goodwill |
0.0 |
0.1 |
0.1 |
0.4 |
0.6 |
|
Other
Total Intangible Assets, Net |
0.0 |
- |
- |
- |
- |
|
Patent
Rights |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Facility
Usage Rights |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Telephone
Rights |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Invest. Security |
1.3 |
1.2 |
1.0 |
1.1 |
1.6 |
|
Affiliates Stock |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Investment in
closely-held capital |
- |
- |
- |
0.0 |
0.0 |
|
Claims provable in
bankruptcy, claims pr |
0.2 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Rounding
adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long
Term Assets |
0.0 |
- |
- |
- |
- |
|
Long-term prepaid
expenses |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Lease deposits |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Golf Memebship Rights |
- |
0.0 |
0.1 |
0.1 |
0.1 |
|
Other Assets |
0.6 |
0.6 |
0.5 |
0.5 |
0.5 |
|
Allowance-Doubt.
Accts. |
-0.2 |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
|
Bond issue
expenses |
0.2 |
0.2 |
0.2 |
0.0 |
- |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
153.6 |
155.3 |
139.3 |
135.7 |
127.7 |
|
|
|
|
|
|
|
|
Notes
payable-trade |
6.7 |
9.9 |
7.9 |
4.6 |
9.3 |
|
Accounts
payable-trade |
5.5 |
7.3 |
6.0 |
3.7 |
10.4 |
|
Short-term loans
payable |
47.3 |
53.1 |
49.2 |
45.6 |
32.1 |
|
Current portion of
long-term loans payab |
11.9 |
9.8 |
9.2 |
11.6 |
9.1 |
|
Current lease
obligations |
1.3 |
1.1 |
1.0 |
0.8 |
0.0 |
|
Accounts
payable-other |
2.8 |
2.6 |
2.3 |
2.3 |
4.0 |
|
Accrued expenses |
0.8 |
0.8 |
0.9 |
0.4 |
0.6 |
|
Tax Payable |
1.5 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Sales Tax Payable |
- |
- |
- |
- |
0.0 |
|
Advance Received |
- |
- |
- |
0.0 |
0.0 |
|
Deposits received |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenues |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Reserve for Bonus |
0.6 |
0.8 |
0.3 |
0.3 |
1.0 |
|
Notes
payable-facilities |
0.3 |
0.1 |
0.4 |
0.2 |
0.1 |
|
Rounding
adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Other Current
Liabilities |
0.3 |
0.6 |
0.4 |
0.3 |
0.0 |
|
Total Current
Liabilities |
79.3 |
86.5 |
77.8 |
70.0 |
67.0 |
|
|
|
|
|
|
|
|
Corporate Bonds |
3.0 |
3.0 |
2.7 |
0.0 |
- |
|
Long-term loans
payable |
16.1 |
11.6 |
13.8 |
20.1 |
13.8 |
|
Lease obligations |
2.0 |
3.0 |
3.7 |
4.0 |
0.0 |
|
Total Long Term
Debt |
21.1 |
17.6 |
20.2 |
24.0 |
13.8 |
|
|
|
|
|
|
|
|
Dfrd. Tax Liabs. |
0.1 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Reserve for
Retirement |
3.3 |
3.2 |
2.5 |
2.3 |
2.0 |
|
Rounding
adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Provision for
environmental measures |
0.0 |
0.0 |
0.0 |
- |
- |
|
Allowance-Directors'
Retire. |
- |
- |
0.0 |
4.0 |
4.0 |
|
Accrued Directors
Retirement Benefits |
4.0 |
4.0 |
4.2 |
0.0 |
- |
|
Other LT Liab. |
0.1 |
0.1 |
0.1 |
0.2 |
0.0 |
|
Total
Liabilities |
107.8 |
111.4 |
104.8 |
100.5 |
87.0 |
|
|
|
|
|
|
|
|
Rounding
adjustment Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
26.2 |
26.0 |
23.1 |
21.8 |
21.7 |
|
Additional
paid-in-capital |
12.8 |
12.7 |
11.3 |
10.7 |
10.6 |
|
Other Capital
Surplus |
- |
- |
- |
0.0 |
0.0 |
|
Deferred retained
surplus |
6.9 |
5.2 |
0.2 |
2.8 |
8.3 |
|
Treas. Stock |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Valuation
difference on available-for-sa |
0.1 |
0.1 |
0.1 |
0.0 |
0.3 |
|
Total Equity |
45.8 |
43.9 |
34.5 |
35.2 |
40.7 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders' Equity |
153.6 |
155.3 |
139.3 |
135.7 |
127.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
Total Common
Shares Outstanding |
16.6 |
16.6 |
16.6 |
16.6 |
16.6 |
|
T/S-Common Stock |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Advance Received |
- |
- |
- |
0.0 |
0.0 |
|
Deferred Revenues |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Full-Time Employees |
183 |
184 |
193 |
211 |
216 |
|
Total Number of Shareholders |
1,373 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
1,470 |
1,536 |
1,608 |
|
Division And End Of Current Period Remai |
11.9 |
- |
- |
- |
- |
|
Long Term Debt Maturing Within 1 Year |
- |
- |
9.2 |
11.6 |
9.1 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
8.3 |
- |
- |
- |
- |
|
Long Term Debt Maturing Within 2 Year |
- |
- |
7.1 |
8.3 |
6.7 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
3.5 |
- |
- |
- |
- |
|
Bond Redemp Amts over 2 Yrs within 3 Yrs |
1.8 |
- |
- |
- |
- |
|
Long Term Debt Maturing Within 3 Year |
- |
- |
4.9 |
6.0 |
3.7 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
2.7 |
- |
- |
- |
- |
|
Long Term Debt Maturing Within 4 Year |
- |
- |
1.8 |
4.2 |
2.1 |
|
Over Three Years And Within Four Years |
0.0 |
- |
- |
- |
- |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
1.7 |
- |
- |
- |
- |
|
Bond Redemp Amts over 4 Yrs within 5 Yrs |
1.2 |
- |
- |
- |
- |
|
Long Term Debt Maturing Within 5 Year |
- |
- |
1.7 |
1.5 |
1.3 |
|
Long Term Debt Remaining Maturities |
- |
- |
1.1 |
- |
- |
|
Total Long Term Debt, Supplemental |
31.1 |
- |
25.7 |
31.7 |
22.9 |
|
Division And End Of Current Period Remai |
1.3 |
- |
- |
- |
- |
|
Capital Lease Payments Due within 1 Year |
- |
- |
1.0 |
0.8 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
1.8 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
- |
- |
1.0 |
0.8 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.2 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
- |
- |
1.0 |
0.9 |
- |
|
Capital Lease Payments Due in Year 4 |
- |
- |
1.5 |
0.9 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
- |
0.1 |
1.4 |
- |
|
Capital Leases - Remaining Maturities |
- |
- |
0.0 |
- |
- |
|
Total Capital Leases |
3.3 |
- |
4.6 |
4.8 |
- |
|
Retirement Benefit Expenses Pension Obli |
3.3 |
- |
- |
- |
- |
|
Pension Obligation |
- |
- |
2.5 |
2.3 |
4.6 |
|
Fair Value of Plan Asset |
- |
- |
- |
0.0 |
2.6 |
|
Retirement Benefit Expenses Funded Statu |
-3.3 |
- |
- |
- |
- |
|
Funded Status |
- |
- |
-2.5 |
-2.3 |
-2.0 |
|
Total Funded Status |
-3.3 |
- |
-2.5 |
-2.3 |
-2.0 |
|
Reserve for Accrued Retirement Benefits |
-3.3 |
- |
-2.5 |
-2.3 |
-2.0 |
|
Net Assets Recognized on Balance Sheet |
-3.3 |
- |
-2.5 |
-2.3 |
-2.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
3.2 |
4.9 |
-2.7 |
-4.6 |
0.5 |
|
Depreciation |
4.1 |
3.7 |
4.0 |
3.1 |
2.4 |
|
Impairment loss |
0.4 |
- |
- |
- |
- |
|
Imapairment Loss |
- |
0.0 |
- |
- |
- |
|
Increase
(decrease) in provision for ret |
0.1 |
0.4 |
0.0 |
0.3 |
0.3 |
|
Allowance-Directors
Retire. |
- |
0.0 |
-4.2 |
0.0 |
0.2 |
|
Increase
(decrease) in provision for bon |
-0.2 |
0.4 |
0.0 |
-0.7 |
0.0 |
|
Increase
(decrease) in allowance for dou |
-0.1 |
0.0 |
-0.1 |
0.2 |
0.0 |
|
Increase Decrease
In Provision For Envir |
0.0 |
0.0 |
0.0 |
- |
- |
|
Int.&Div.
Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense |
1.5 |
1.5 |
1.5 |
1.2 |
1.0 |
|
Loss-Sale of
Invest. Sec. |
- |
- |
- |
0.0 |
0.0 |
|
Gain-Sale of Fixed
Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
Loss-Sale of Fixed
Assets |
- |
- |
- |
- |
0.0 |
|
L - Extinguishment
of Affiliate Stock |
- |
- |
- |
0.0 |
0.4 |
|
Decrease
(increase) in notes and account |
2.9 |
-1.4 |
-3.8 |
5.5 |
2.7 |
|
Decrease
(increase) in inventories |
1.6 |
7.8 |
1.5 |
1.0 |
-4.9 |
|
Decrease
(increase) in other current ass |
-0.7 |
-0.1 |
0.4 |
-0.2 |
-1.1 |
|
Increase (decrease)
in notes and account |
-5.3 |
1.5 |
5.1 |
-11.3 |
-2.6 |
|
Gain-Sale of
Invest. Sec. |
- |
0.0 |
0.0 |
0.0 |
- |
|
G/L on val. LT
inv't in secs. |
- |
0.0 |
0.0 |
0.1 |
0.0 |
|
Loss on retirement
of noncurrent assets |
0.6 |
0.2 |
0.0 |
0.0 |
0.2 |
|
Increase
(decrease) in other current lia |
-0.1 |
-0.8 |
5.8 |
-2.0 |
0.7 |
|
Rounding
adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
0.1 |
0.1 |
0.0 |
0.0 |
- |
|
Int.&Div.
Received |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
-1.4 |
-1.5 |
-1.4 |
-1.3 |
-1.0 |
|
Tax Paid |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Merger |
- |
- |
- |
0.0 |
0.4 |
|
Cash from
Operating Activities |
6.6 |
16.6 |
5.9 |
-8.9 |
-0.9 |
|
|
|
|
|
|
|
|
Time Deposit Matured |
- |
- |
0.0 |
0.3 |
0.0 |
|
Rounding
adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Purchase of
property, plant and equipmen |
-1.6 |
-0.8 |
-1.6 |
-1.7 |
-5.6 |
|
Sale of PPE |
- |
- |
0.0 |
0.0 |
0.0 |
|
Purch.-Intangibles |
0.0 |
-0.1 |
0.0 |
- |
0.0 |
|
Redemption-Golf
Memberships |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Security Depo.
Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Security Depo.
Cancel. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Purch.-Invest.
Sec. |
- |
- |
- |
0.0 |
0.0 |
|
Sale-Invest. Sec. |
- |
0.0 |
0.1 |
0.0 |
0.1 |
|
Liquidation of
investment secs. |
- |
0.0 |
0.1 |
0.0 |
- |
|
Purchase-Equity of
Affiliated |
- |
- |
- |
0.0 |
-0.4 |
|
Investment
Collected |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other, net |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Cash from
Investing Activities |
-1.6 |
-0.8 |
-1.4 |
-1.4 |
-5.9 |
|
|
|
|
|
|
|
|
ST Borrowings, Net |
- |
- |
- |
- |
-0.9 |
|
Increase in
short-term loans payable |
87.4 |
91.6 |
72.1 |
48.3 |
- |
|
Decrease in
short-term loans payable |
-93.7 |
-93.9 |
-71.0 |
-35.3 |
- |
|
Proceeds from
long-term loans payable |
19.2 |
5.8 |
2.2 |
18.9 |
6.1 |
|
Repayment of
long-term loans payable |
-12.5 |
-10.2 |
-12.6 |
-10.4 |
-7.3 |
|
Rounding adjustment
Cash flow |
0.0 |
- |
- |
- |
- |
|
Issuance of Stock
Subscription Rights |
- |
- |
- |
0.0 |
0.0 |
|
Repurch. of Stock
Subscription Rights |
- |
- |
- |
0.0 |
0.0 |
|
Issuance of Bond |
- |
0.0 |
2.4 |
0.0 |
- |
|
Purch.-Treas. Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sale-Treas. Stock |
- |
- |
0.0 |
0.0 |
0.0 |
|
Repayment of
finance lease |
-1.2 |
-1.1 |
-0.9 |
-0.3 |
0.0 |
|
Dividend Paid |
0.0 |
0.0 |
0.0 |
-0.8 |
-0.7 |
|
Cash from
Financing Activities |
-0.9 |
-7.8 |
-7.9 |
20.3 |
-2.7 |
|
|
|
|
|
|
|
|
Net Change in
Cash |
4.2 |
8.0 |
-3.4 |
10.1 |
-9.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
28.3 |
18.0 |
20.0 |
8.5 |
17.0 |
|
Net Cash - Ending Balance |
32.4 |
26.1 |
16.6 |
18.5 |
7.4 |
|
Cash Interest Paid |
1.4 |
1.5 |
1.4 |
1.3 |
1.0 |
|
Cash Taxes Paid |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
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Annual
Ratios
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.20 |
|
|
1 |
Rs.88.38 |
|
Euro |
1 |
Rs.71.47 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.