MIRA
INFORM REPORT
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Report Date : |
25.10.2012 |
IDENTIFICATION DETAILS
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Name : |
SENKO CO., LTD. |
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Registered Office : |
1-1-30 Oyodonaka, Kita-ku, Osaka-Shi, 531-6115 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
20.07.1946 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in the transportation and logistics
businesses |
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No. of Employees : |
8,194 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small
defense allocation (1% of GDP) helped Japan develop a technologically advanced
economy. Two notable characteristics of the post-war economy were the close
interlocking structures of manufacturers, suppliers, and distributors, known as
keiretsu, and the guarantee of lifetime employment for a substantial portion of
the urban labor force. Both features are now eroding under the dual pressures
of global competition and domestic demographic change. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. A tiny
agricultural sector is highly subsidized and protected, with crop yields among
the highest in the world. Usually self-sufficient in rice, Japan imports about
60% of its food on a caloric basis. Japan maintains one of the world's largest
fishing fleets and accounts for nearly 15% of the global catch. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further into recession. Government stimulus spending helped the economy
recover in late 2009 and 2010, but the economy contracted again in 2011 as the
massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy.
|
Source : CIA |
Company name & address
SENKO Co., Ltd.
1-1-30 Oyodonaka, Kita-ku
Osaka-Shi, 531-6115
Japan
Tel: 81-6-64405155
Fax: 81-6-64405175
Web: www.senko.co.jp
Synthesis
Employees: 8,194
Company Type: Public Parent
Corporate Family: 55
Companies
Traded: Tokyo Stock Exchange: 9069
Incorporation Date:
20-Jul-1946
Auditor: Ohtemae Audit Corporation
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 3,424.0 1
Net Income: 44.1
Total Assets: 2,462.2 2
Market Value: 505.2 (12-Oct-2012)
Business Description
SENKO Co., Ltd. is engaged in the transportation and logistics businesses. The Company operates in three business segments. The Transportation segment is engaged in the truck freight transportation business, combined special freight transportation business, rail transportation business, marine transportation business, coastal shipping business, international freight handling business, warehousing business, the packaging and moving of raw materials and products within shippers and the operation of logistics centers. The Commercial Affairs and Trading segment is involved in the petroleum sales business, commercial affairs sales business and trading business. The Others segment is engaged in the contract information processing business, the repair of automobiles, as well as the insurance agency business. As of March 31, 2012, the Company had 68 subsidiaries and three associated companies. For the three months ended 30 June 2012, SENKO Co., Ltd. revenues increased 15% to Y71.76B. Net income increased 24% to Y1.29B. Revenues reflect Commercial business and trade segment increase from Y7.3B to Y14.95B, Logistics Business segment increase of 2% to Y56.09B, Other Businesses segment increase of 19% to Y721M. Net income benefited from Commercial business and trade segment income increase from Y103M to Y425M.
Industry
Industry Trucking
ANZSIC 2006: 4610 - Road
Freight Transport
NACE 2002: 6024 - Freight
transport by road
NAICS 2002: 484121 - General
Freight Trucking, Long-Distance, Truckload
UK SIC 2003: 6024 - Freight
transport by road
UK SIC 2007: 4941 - Freight
transport by road
US SIC 1987: 4213 - Trucking,
Except Local
Key Executives
|
Name |
Title |
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Yasuhisa Fukuda |
President, Chief Director of Production Management, Representative
Director |
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Akira Ito |
Executive Officer, Chief Director of Chemical Logistics Sales,
Director of 2nd Chemical Logistics Sales |
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Kanji Kawasaki |
Executive Officer, Manager of Ibaraki Office |
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Hiroshi Itawaki |
Co-Auditor |
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Koujirou Matsuda |
Executive Officer-Sales-Chemicals |
Significant Developments
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* number of significant developments within the last 12 months
News
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Financial Summary
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As of 30-Jun-2012 |
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Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 78.96121
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.38536
Corporate Overview
Location
1-1-30 Oyodonaka, Kita-ku
Osaka-Shi, 531-6115
Japan
Tel: 81-6-64405155
Fax: 81-6-64405175
Web: www.senko.co.jp
Quote Symbol - Exchange
` 9069 - Tokyo Stock Exchange
Sales JPY(mil): 270,361.0
Assets JPY(mil) : 202,847.0
Employees: 8,194
Fiscal Year End: 31-Mar-2012
Industry: Trucking
Incorporation Date: 20-Jul-1946
Company Type: Public Parent
Quoted Status: Quoted
President, Chief Director of Production Management, Representative
Director: Yasuhisa Fukuda
Company Web Links
Corporate History/Profile
Executives
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Shareholders
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
4610 - Road Freight Transport
47 - Rail Transport
4810 - Water Freight Transport
5309 - Other Warehousing and Storage Services
9419 - Other Automotive Repair and Maintenance
7000 - Computer System Design and Related Services
7320 - Packaging Services
6420 - Auxiliary Insurance Services
NACE 2002 Codes:
6024 - Freight transport by road
6110 - Sea and coastal water transport
6010 - Transport via railways
5020 - Maintenance and repair of motor vehicles
6312 - Storage and warehousing
6720 - Activities auxiliary to insurance and pension funding
6340 - Activities of other transport agencies
7230 - Data processing
NAICS 2002 Codes:
484121 - General Freight Trucking, Long-Distance, Truckload
488991 - Packing and Crating
482111 - Line-Haul Railroads
483111 - Deep Sea Freight Transportation
811111 - General Automotive Repair
524210 - Insurance Agencies and Brokerages
531130 - Lessors of Miniwarehouses and Self-Storage Units
518210 - Data Processing, Hosting, and Related Services
US SIC 1987:
4213 - Trucking, Except Local
4011 - Railroads, Line-Haul Operating
4412 - Deep Sea Foreign Transportation of Freight
4225 - General Warehousing and Storage
4783 - Packing and Crating
7374 - Computer Processing and Data Preparation and Processing
Services
6411 - Insurance Agents, Brokers, and Service
7538 - General Automotive Repair Shops
UK SIC 2003:
6024 - Freight transport by road
61102 - Freight sea and coastal water transport
6010 - Transport via railways
5020 - Maintenance and repair of motor vehicles
63129 - Other storage and warehousing not elsewhere classified
6720 - Activities auxiliary to insurance and pension funding
6340 - Activities of other transport agencies
7230 - Data processing
UK SIC 2007:
4941 - Freight transport by road
5020 - Sea and coastal freight water transport
4520 - Maintenance and repair of motor vehicles
4910 - Passenger rail transport, interurban
6629 - Other activities auxiliary to insurance and pension funding
5229 - Other transportation support activities
6311 - Data processing, hosting and related activities
52103 - Operation of warehousing and storage facilities for land
transport activities of division 49
Business
Description
SENKO Co., Ltd. is
engaged in the transportation and logistics businesses. The Company operates in
three business segments. The Transportation segment is engaged in the truck
freight transportation business, combined special freight transportation
business, rail transportation business, marine transportation business, coastal
shipping business, international freight handling business, warehousing
business, the packaging and moving of raw materials and products within
shippers and the operation of logistics centers. The Commercial Affairs and
Trading segment is involved in the petroleum sales business, commercial affairs
sales business and trading business. The Others segment is engaged in the
contract information processing business, the repair of automobiles, as well as
the insurance agency business. As of March 31, 2012, the Company had 68
subsidiaries and three associated companies. For the three months ended 30 June
2012, SENKO Co., Ltd. revenues increased 15% to Y71.76B. Net income increased
24% to Y1.29B. Revenues reflect Commercial business and trade segment increase
from Y7.3B to Y14.95B, Logistics Business segment increase of 2% to Y56.09B,
Other Businesses segment increase of 19% to Y721M. Net income benefited from
Commercial business and trade segment income increase from Y103M to Y425M.
More Business Descriptions
Sea, air, rail and
road haulage services; warehousing
Petroleum-Related Products Distr & Seller, Information Processing
& Software Development & Sales, Freight Forwarding Services, Truck
Transport & Warehouse Management Services
Source: LexisNexis
General Freight Trucking, Long-Distance
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Corporate Family |
Corporate
Structure News: |
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SENKO
Co., Ltd. |
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SENKO Co., Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Osaka-Shi |
Japan |
Trucking |
3,424.0 |
8,194 |
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Subsidiary |
Tokyo |
Japan |
Miscellaneous Transportation |
|
600 |
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Subsidiary |
Fuji, Shizuoka |
Japan |
Trucking |
|
500 |
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Subsidiary |
Kurashiki, Okayama |
Japan |
Trucking |
|
170 |
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Subsidiary |
Osaka |
Japan |
Restaurants |
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100 |
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Subsidiary |
Tokyo |
Japan |
Food Processing |
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100 |
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Subsidiary |
Guangzhou, Guangdong |
China |
Miscellaneous Transportation |
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11 |
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Subsidiary |
Elk Grove Village, IL |
United States |
Miscellaneous Transportation |
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7 |
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Branch |
Covington, GA |
United States |
Fabricated Plastic and Rubber |
9.1 |
30 |
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Subsidiary |
Ingleburn, NSW |
Australia |
Miscellaneous Transportation |
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2 |
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Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
1.0 |
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Subsidiary |
Shanghai |
China |
Business Services |
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Subsidiary |
Sapporo, Hokkaido |
Japan |
Trucking |
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Subsidiary |
Tokyo |
Japan |
Trucking |
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Subsidiary |
Ichikawa, Chiba |
Japan |
Trucking |
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Subsidiary |
Yao, Osaka |
Japan |
Software and Programming |
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Subsidiary |
Nishinomiya, Hyogo |
Japan |
Trucking |
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Subsidiary |
Ichihara, Chiba |
Japan |
Trucking |
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Subsidiary |
Kashiwa, Chiba |
Japan |
Trucking |
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Subsidiary |
Fukui |
Japan |
Trucking |
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Subsidiary |
Fukuoka |
Japan |
Trucking |
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Subsidiary |
Kobe, Hyogo |
Japan |
Construction and Agriculture Machinery |
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Subsidiary |
Tokyo |
Japan |
Business Services |
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Subsidiary |
Settsu, Osaka |
Japan |
Trucking |
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Subsidiary |
Dalian, Liaoning |
China |
Miscellaneous Transportation |
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Subsidiary |
Miyagi |
Japan |
Trucking |
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Subsidiary |
Koga, Ibaraki |
Japan |
Trucking |
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Subsidiary |
Kawasaki, Kanagawa |
Japan |
Trucking |
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Subsidiary |
Kakegawa, Shizuoka |
Japan |
Trucking |
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Subsidiary |
Niwa, Aichi |
Japan |
Trucking |
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Subsidiary |
Toyohashi, Aichi |
Japan |
Trucking |
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Subsidiary |
Suzuka, Mie |
Japan |
Trucking |
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Subsidiary |
Kusatsu, Shiga |
Japan |
Trucking |
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Subsidiary |
Amagasaki, Hyogo |
Japan |
Trucking |
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Subsidiary |
Tokyo |
Japan |
Insurance (Property and Casualty) |
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Subsidiary |
Tokyo |
Japan |
Business Services |
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Subsidiary |
Hyuga, Miyazaki |
Japan |
Miscellaneous Transportation |
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Subsidiary |
Saitama |
Japan |
Trucking |
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Subsidiary |
Hasuda, Saitama |
Japan |
Trucking |
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Subsidiary |
Nara, Yamatokoriyama |
Japan |
Trucking |
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Subsidiary |
Minamata, Kumamoto |
Japan |
Trucking |
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Subsidiary |
Nobeoka, Miyazaki |
Japan |
Trucking |
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Subsidiary |
Nobeoka, Miyazaki |
Japan |
Trucking |
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Subsidiary |
Higashi-omi, Shiga |
Japan |
Business Services |
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Subsidiary |
Kotoura |
Japan |
Food Processing |
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Subsidiary |
Yamaguchi |
Japan |
Trucking |
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Subsidiary |
Shobara, Hiroshima |
Japan |
Trucking |
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Subsidiary |
Shanghai |
China |
Business Services |
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Subsidiary |
Tokyo |
Japan |
Trucking |
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Subsidiary |
Kurashiki |
Japan |
Air Courier |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
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Subsidiary |
Osaka |
Japan |
Business Services |
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Subsidiary |
Tokyo |
Japan |
Trucking |
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Subsidiary |
Osaka |
Japan |
Business Services |
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Subsidiary |
Osaka |
Japan |
Business Services |
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Executive report
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Board of
Directors |
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Independent Director |
Director/Board Member |
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Executive Vice President, Representative Director |
Director/Board Member |
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President, Chief Director of Production Management, Representative
Director |
Director/Board Member |
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Executive Officer, President of Subsidiary, Director |
Director/Board Member |
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Executive Officer, Director |
Director/Board Member |
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Executive Officer, General Manager of Tokyo Office, Director |
Director/Board Member |
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Senior Managing Executive Officer, Chairman of Subsidiaries, Director |
Director/Board Member |
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Senior Managing Executive Officer, Chief Director of International
Logistic Business, Director |
Director/Board Member |
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Managing Executive Officer, Deputy Chief Director of Production
Management, Director |
Director/Board Member |
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Managing Executive Officer, Chief Director of Logistics Sales,
Director |
Director/Board Member |
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Senior Managing Executive Officer, Chairman and President of Subsidiaries,
Director |
Director/Board Member |
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Managing Executive Officer, General Manager of Kanto Office, Director |
Director/Board Member |
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Executives |
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President, Chief Director of Production Management, Representative
Director |
President |
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Senior Executive Officer-Production & Business-Warehouse |
Division Head Executive |
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Co-Managing Executive Officer-Production & Business-Automobile |
Division Head Executive |
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Managing Executive Officer-Chemicals |
Division Head Executive |
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Co-Executive Officer |
Operations Executive |
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Executive Officer-Safety & Development |
Environment/Safety Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Co-Auditor |
Finance Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Executive Officer, Chief Director of Chemical Logistics Sales,
Director of 2nd Chemical Logistics Sales |
Sales Executive |
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Executive Officer-Sales-Chemicals |
Sales Executive |
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Executive Vice President-Sales |
Sales Executive |
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Executive Officer, Chief Director of Housing Logistics Sales, Director
of Housing Logistics Sales |
Sales Executive |
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Managing Executive Officer, Chief Director of Logistics Sales,
Director |
Sales Executive |
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Executive Officer, Deputy Chief Director of Logistics Sales |
Sales Executive |
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Executive Officer-International & Logistics |
International Executive |
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Executive Officer-Transportation |
Logistics Executive |
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Executive Officer, Manager of Ibaraki Office |
Other |
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Executive Officer, Manager of Nobeoka Office |
Other |
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Executive Officer, General Manager of Shizuoka Office |
Other |
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Managing Executive Officer, General Manager of Keiji Office |
Other |
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Executive Officer, General Manager of Okayama Office |
Other |
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Managing Executive Officer, President of Subsidiary |
Other |
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Executive Officer |
Other |
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Executive Officer, Manager of President's Office |
Other |
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Executive Officer, General Manager of Sendai Office |
Other |
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Executive Officer, General Manager of Sapporo Office, Manager of
Sapporo South Office, President of Subsidiary |
Other |
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Executive Officer, Director of Marine Transportation |
Other |
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Executive Officer, Deputy General Manager of Kanto Office |
Other |
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Executive Officer, General Manager of Osaka Office |
Other |
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Significant Developments
SENKO Co., Ltd. to Issue 2017 Due Yen-denominated Convertible Bonds Jul
03, 2012
SENKO Co., Ltd. announced that it has decided to issue the 2012 due yen-denominated convertible bonds of JPY 5 billion on July 20, 2012. The maturity is June 20, 2017.
R&I Affirms SENKO Co., Ltd.'s Rating at "BBB+"; Rating Outlook Stable Mar 21, 2012
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on SENKO Co., Ltd. at "BBB+". The rating outlook is stable.
Ministop Co., Ltd., SENKO Co., Ltd. and Kazakhstan-based Company to Establish Joint Venture Mar 14, 2012
Ministop Co., Ltd., SENKO Co., Ltd. and a Kazakhstan-based Company engaged in the retail and advertisement business, announced jointly that the three companies will establish a Kazakhstan-based limited liability partnership in May 2012. Ministop, SENKO and the Kazakhstan-based company will each hold a 39%, 10% and 51% stake in the partnership.
SENKO Co., Ltd. Announces Midterm Dividend Payment and Raises Year-end Dividend Outlook for FY Ending March 2012 Oct 27, 2011
SENKO Co., Ltd. announced that it will issue the midterm dividend of JPY 6.00 per share, or JPY 754 million in total, effective December 6, 2011, up from a forecast of JPY 5.00 per share announced on May 16, 2011, from retained earnings to shareholders as of September 30, 2011. The Company also resolved to distribute a bonus dividend in commemoration of the 65th anniversary of its foundation. Therefore, the Company raised its year-end dividend from JPY 5.00 per share, which was announced on May 16, 2011, to JPY 6.00 per share (JPY 5.00 per share of a common dividend and JPY 1.00 per share of a bonus dividend), for the fiscal year ending March 2012.
Annual
Income Statement
Financials in: USD (mil),
Except for share items (millions) and per share items (actual units),
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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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 |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
3,424.0 |
2,813.0 |
2,449.9 |
2,116.3 |
1,787.3 |
|
Revenue |
3,424.0 |
2,813.0 |
2,449.9 |
2,116.3 |
1,787.3 |
|
Total Revenue |
3,424.0 |
2,813.0 |
2,449.9 |
2,116.3 |
1,787.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
3,108.2 |
2,574.0 |
2,241.3 |
1,952.0 |
1,647.4 |
|
Cost of Revenue, Total |
3,108.2 |
2,574.0 |
2,241.3 |
1,952.0 |
1,647.4 |
|
Gross Profit |
315.8 |
239.0 |
208.5 |
164.4 |
139.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
128.4 |
100.5 |
84.5 |
65.5 |
52.3 |
|
Labor & Related Expense |
82.6 |
67.3 |
57.8 |
43.5 |
34.6 |
|
Total Selling/General/Administrative Expenses |
211.0 |
167.8 |
142.3 |
109.0 |
86.9 |
|
Litigation |
- |
0.0 |
0.7 |
0.0 |
- |
|
Impairment-Assets Held for Use |
2.4 |
7.4 |
3.9 |
2.2 |
0.8 |
|
Impairment-Assets Held for Sale |
0.0 |
0.4 |
0.5 |
0.9 |
0.0 |
|
Other Unusual Expense (Income) |
2.9 |
14.4 |
3.6 |
0.3 |
1.5 |
|
Unusual Expense (Income) |
5.3 |
22.2 |
8.7 |
3.4 |
2.4 |
|
Total Operating Expense |
3,324.5 |
2,764.0 |
2,392.3 |
2,064.4 |
1,736.7 |
|
|
|
|
|
|
|
|
Operating Income |
99.5 |
49.0 |
57.5 |
51.9 |
50.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-15.2 |
-13.9 |
-12.5 |
-9.3 |
-6.8 |
|
Interest Expense, Net Non-Operating |
-15.2 |
-13.9 |
-12.5 |
-9.3 |
-6.8 |
|
Interest Income -
Non-Operating |
2.3 |
2.5 |
2.3 |
1.2 |
1.1 |
|
Investment Income -
Non-Operating |
11.5 |
9.4 |
9.5 |
5.9 |
5.3 |
|
Interest/Investment Income - Non-Operating |
13.8 |
11.9 |
11.8 |
7.1 |
6.4 |
|
Interest Income (Expense) - Net Non-Operating Total |
-1.4 |
-1.9 |
-0.7 |
-2.2 |
-0.4 |
|
Gain (Loss) on Sale of Assets |
-1.6 |
-1.4 |
0.0 |
0.5 |
0.0 |
|
Other Non-Operating Income (Expense) |
2.1 |
4.4 |
1.6 |
1.9 |
0.4 |
|
Other, Net |
2.1 |
4.4 |
1.6 |
1.9 |
0.4 |
|
Income Before Tax |
98.6 |
50.1 |
58.4 |
52.1 |
50.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
53.6 |
25.0 |
28.1 |
23.8 |
23.9 |
|
Income After Tax |
45.0 |
25.0 |
30.3 |
28.4 |
26.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.9 |
1.4 |
1.5 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
44.1 |
26.4 |
31.8 |
28.4 |
26.8 |
|
Net Income |
44.1 |
26.4 |
31.8 |
28.4 |
26.8 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
44.0 |
26.4 |
31.7 |
28.3 |
26.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
44.0 |
26.4 |
31.7 |
28.3 |
26.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
125.8 |
122.6 |
109.8 |
109.8 |
110.5 |
|
Basic EPS Excl Extraord Items |
0.35 |
0.22 |
0.29 |
0.26 |
0.24 |
|
Basic/Primary EPS Incl Extraord Items |
0.35 |
0.22 |
0.29 |
0.26 |
0.24 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
44.0 |
26.4 |
31.7 |
28.3 |
26.8 |
|
Diluted Weighted Average Shares |
138.7 |
135.3 |
122.0 |
121.7 |
118.6 |
|
Diluted EPS Excl Extraord Items |
0.32 |
0.20 |
0.26 |
0.23 |
0.23 |
|
Diluted EPS Incl Extraord Items |
0.32 |
0.20 |
0.26 |
0.23 |
0.23 |
|
Dividends per Share - Common Stock Primary Issue |
0.13 |
0.12 |
0.09 |
0.08 |
0.07 |
|
Gross Dividends - Common Stock |
19.1 |
14.7 |
9.4 |
8.7 |
7.7 |
|
Interest Expense, Supplemental |
15.2 |
13.9 |
12.5 |
9.3 |
6.8 |
|
Depreciation, Supplemental |
78.0 |
65.2 |
53.5 |
40.1 |
29.2 |
|
Total Special Items |
6.9 |
23.6 |
8.7 |
2.9 |
2.4 |
|
Normalized Income Before Tax |
105.5 |
73.7 |
67.1 |
55.1 |
53.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
3.8 |
11.8 |
4.2 |
1.3 |
1.1 |
|
Inc Tax Ex Impact of Sp Items |
57.3 |
36.8 |
32.3 |
25.1 |
25.0 |
|
Normalized Income After Tax |
48.2 |
36.8 |
34.8 |
30.0 |
28.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
47.2 |
38.2 |
36.2 |
29.9 |
28.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.38 |
0.31 |
0.33 |
0.27 |
0.25 |
|
Diluted Normalized EPS |
0.34 |
0.28 |
0.30 |
0.25 |
0.24 |
|
Reported Operating Profit |
104.8 |
71.2 |
66.2 |
55.4 |
53.0 |
|
Reported Ordinary Profit |
105.5 |
74.4 |
67.1 |
55.1 |
53.0 |
|
Normalized EBIT |
104.8 |
71.2 |
66.2 |
55.4 |
53.0 |
|
Normalized EBITDA |
182.8 |
136.4 |
119.6 |
95.5 |
82.2 |
|
Current Tax - Total |
34.3 |
- |
- |
- |
- |
|
Current Tax - Total |
34.3 |
- |
- |
- |
- |
|
Deferred Tax - Total |
19.3 |
- |
- |
- |
- |
|
Deferred Tax - Total |
19.3 |
- |
- |
- |
- |
|
Income Tax - Total |
53.6 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
7.1 |
6.6 |
6.3 |
5.8 |
5.2 |
|
Service Cost - Domestic |
13.5 |
14.1 |
12.9 |
11.8 |
10.0 |
|
Expected Return on Assets - Domestic |
-4.4 |
-4.1 |
-3.2 |
-4.0 |
-4.6 |
|
Actuarial Gains and Losses - Domestic |
7.4 |
6.1 |
6.8 |
3.2 |
-0.2 |
|
Domestic Pension Plan Expense |
23.6 |
22.7 |
22.7 |
16.8 |
10.5 |
|
Defined Contribution Expense - Domestic |
1.6 |
- |
- |
- |
- |
|
Total Pension Expense |
25.2 |
22.7 |
22.7 |
16.8 |
10.5 |
|
Discount Rate - Domestic |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Total Plan Interest Cost |
7.1 |
6.6 |
6.3 |
5.8 |
5.2 |
|
Total Plan Service Cost |
13.5 |
14.1 |
12.9 |
11.8 |
10.0 |
|
Total Plan Expected Return |
-4.4 |
-4.1 |
-3.2 |
-4.0 |
-4.6 |
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 |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
162.1 |
173.7 |
155.2 |
121.0 |
123.7 |
|
Cash and Short Term Investments |
162.1 |
173.7 |
155.2 |
121.0 |
123.7 |
|
Accounts Receivable -
Trade, Gross |
493.9 |
375.8 |
325.0 |
251.0 |
268.3 |
|
Provision for Doubtful
Accounts |
-0.6 |
-0.3 |
-0.5 |
-0.2 |
-0.2 |
|
Trade Accounts Receivable - Net |
493.2 |
375.5 |
324.5 |
250.8 |
268.1 |
|
Total Receivables, Net |
493.2 |
375.5 |
324.5 |
250.8 |
268.1 |
|
Inventories - Finished Goods |
49.6 |
8.7 |
13.2 |
2.1 |
6.0 |
|
Inventories - Work In Progress |
1.8 |
1.3 |
2.2 |
2.0 |
5.0 |
|
Inventories - Raw Materials |
2.3 |
- |
- |
- |
- |
|
Inventories - Other |
0.0 |
2.3 |
1.5 |
1.1 |
1.3 |
|
Total Inventory |
53.7 |
12.2 |
16.9 |
5.2 |
12.3 |
|
Deferred Income Tax - Current Asset |
24.9 |
30.2 |
20.7 |
15.8 |
16.8 |
|
Other Current Assets |
46.0 |
45.8 |
33.3 |
26.5 |
22.7 |
|
Other Current Assets, Total |
70.8 |
76.0 |
54.0 |
42.3 |
39.4 |
|
Total Current Assets |
779.9 |
637.4 |
550.5 |
419.3 |
443.5 |
|
|
|
|
|
|
|
|
Buildings |
1,156.4 |
1,011.2 |
874.2 |
811.1 |
751.4 |
|
Land/Improvements |
483.5 |
473.4 |
378.9 |
347.0 |
333.7 |
|
Machinery/Equipment |
311.3 |
275.1 |
244.0 |
222.2 |
209.3 |
|
Construction in
Progress |
2.8 |
16.2 |
5.2 |
1.3 |
2.7 |
|
Other
Property/Plant/Equipment |
83.2 |
67.4 |
51.6 |
40.6 |
0.0 |
|
Property/Plant/Equipment - Gross |
2,037.2 |
1,843.2 |
1,553.8 |
1,422.2 |
1,297.1 |
|
Accumulated Depreciation |
-870.3 |
-797.1 |
-673.7 |
-597.5 |
-560.9 |
|
Property/Plant/Equipment - Net |
1,166.9 |
1,046.1 |
880.1 |
824.7 |
736.2 |
|
Goodwill, Net |
45.3 |
12.4 |
- |
- |
- |
|
Intangibles, Net |
42.5 |
40.5 |
38.7 |
25.9 |
18.1 |
|
LT Investment - Affiliate Companies |
14.0 |
14.0 |
- |
- |
- |
|
LT Investments - Other |
49.2 |
27.4 |
29.7 |
24.2 |
26.9 |
|
Long Term Investments |
63.2 |
41.4 |
29.7 |
24.2 |
26.9 |
|
Note Receivable - Long Term |
51.3 |
52.0 |
31.7 |
31.6 |
3.5 |
|
Deferred Income Tax - Long Term Asset |
48.6 |
60.0 |
53.6 |
49.7 |
51.7 |
|
Other Long Term Assets |
264.5 |
249.1 |
215.0 |
185.9 |
167.3 |
|
Other Long Term Assets, Total |
313.0 |
309.0 |
268.5 |
235.6 |
219.1 |
|
Total Assets |
2,462.2 |
2,139.0 |
1,799.3 |
1,561.3 |
1,447.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
392.0 |
272.7 |
240.5 |
174.9 |
200.9 |
|
Accrued Expenses |
40.0 |
35.8 |
37.1 |
28.1 |
28.1 |
|
Notes Payable/Short Term Debt |
169.2 |
101.1 |
94.5 |
97.2 |
77.9 |
|
Current Portion - Long Term Debt/Capital Leases |
84.6 |
117.9 |
81.1 |
92.7 |
49.7 |
|
Income Taxes Payable |
27.7 |
20.7 |
19.7 |
9.3 |
15.7 |
|
Other Current Liabilities |
113.0 |
102.3 |
76.7 |
68.4 |
71.8 |
|
Other Current liabilities, Total |
140.7 |
123.0 |
96.4 |
77.7 |
87.5 |
|
Total Current Liabilities |
826.4 |
650.6 |
549.6 |
470.5 |
444.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
636.3 |
533.7 |
463.4 |
388.0 |
373.8 |
|
Capital Lease Obligations |
49.5 |
49.9 |
42.5 |
32.0 |
0.0 |
|
Total Long Term Debt |
685.8 |
583.6 |
505.8 |
419.9 |
373.8 |
|
Total Debt |
939.5 |
802.6 |
681.4 |
609.8 |
501.4 |
|
|
|
|
|
|
|
|
Minority Interest |
20.6 |
17.8 |
13.2 |
4.2 |
0.0 |
|
Reserves |
4.5 |
4.0 |
0.3 |
0.3 |
0.2 |
|
Pension Benefits - Underfunded |
115.7 |
117.8 |
106.6 |
96.5 |
94.1 |
|
Other Long Term Liabilities |
61.8 |
51.8 |
47.1 |
46.2 |
34.4 |
|
Other Liabilities, Total |
182.0 |
173.6 |
153.9 |
143.0 |
128.7 |
|
Total Liabilities |
1,714.8 |
1,425.5 |
1,222.6 |
1,037.7 |
946.6 |
|
|
|
|
|
|
|
|
Common Stock |
249.1 |
247.6 |
196.3 |
185.7 |
183.8 |
|
Common Stock |
249.1 |
247.6 |
196.3 |
185.7 |
183.8 |
|
Additional Paid-In Capital |
229.8 |
227.9 |
178.6 |
168.7 |
166.6 |
|
Retained Earnings (Accumulated Deficit) |
278.0 |
251.0 |
209.8 |
177.4 |
156.3 |
|
Treasury Stock - Common |
-12.7 |
-12.6 |
-8.3 |
-7.9 |
-7.2 |
|
Unrealized Gain (Loss) |
3.8 |
-0.1 |
0.3 |
-0.3 |
1.0 |
|
Translation Adjustment |
-0.5 |
-0.4 |
0.0 |
-0.1 |
0.3 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-0.5 |
-0.4 |
0.0 |
-0.1 |
0.3 |
|
Total Equity |
747.4 |
713.5 |
576.7 |
523.6 |
500.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,462.2 |
2,139.0 |
1,799.3 |
1,561.3 |
1,447.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
125.8 |
125.8 |
109.8 |
109.8 |
109.7 |
|
Total Common Shares Outstanding |
125.8 |
125.8 |
109.8 |
109.8 |
109.7 |
|
Treasury Shares - Common Stock Primary Issue |
3.2 |
3.2 |
2.2 |
2.2 |
2.0 |
|
Employees |
8,194 |
7,786 |
7,761 |
7,345 |
6,704 |
|
Number of Common Shareholders |
5,572 |
6,130 |
5,172 |
5,207 |
5,982 |
|
Total Long Term Debt, Supplemental |
752.5 |
632.2 |
532.8 |
472.7 |
423.5 |
|
Long Term Debt Maturing within 1 Year |
116.2 |
98.5 |
69.5 |
84.7 |
49.7 |
|
Long Term Debt Maturing in Year 2 |
95.0 |
114.2 |
87.4 |
66.0 |
78.7 |
|
Long Term Debt Maturing in Year 3 |
166.5 |
93.1 |
101.3 |
82.0 |
59.1 |
|
Long Term Debt Maturing in Year 4 |
69.9 |
165.0 |
82.6 |
95.0 |
59.4 |
|
Long Term Debt Maturing in Year 5 |
165.0 |
69.0 |
146.4 |
77.9 |
93.0 |
|
Long Term Debt Maturing in 2-3 Years |
261.5 |
207.4 |
188.7 |
148.0 |
137.9 |
|
Long Term Debt Maturing in 4-5 Years |
234.9 |
234.0 |
229.0 |
173.0 |
152.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
139.9 |
92.3 |
45.7 |
67.0 |
83.6 |
|
Total Capital Leases, Supplemental |
74.5 |
69.3 |
54.1 |
40.0 |
- |
|
Capital Lease Payments Due in Year 1 |
25.1 |
19.4 |
11.6 |
8.0 |
- |
|
Capital Lease Payments Due in Year 2 |
21.8 |
19.6 |
12.7 |
7.7 |
- |
|
Capital Lease Payments Due in Year 3 |
14.3 |
16.1 |
12.7 |
7.7 |
- |
|
Capital Lease Payments Due in Year 4 |
8.2 |
9.0 |
9.6 |
7.6 |
- |
|
Capital Lease Payments Due in Year 5 |
3.3 |
3.1 |
4.3 |
4.6 |
- |
|
Capital Lease Payments Due in 2-3 Years |
36.1 |
35.8 |
25.4 |
15.4 |
- |
|
Capital Lease Payments Due in 4-5 Years |
11.5 |
12.1 |
14.0 |
12.2 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
1.9 |
2.1 |
3.1 |
4.3 |
- |
|
Pension Obligation - Domestic |
278.1 |
289.3 |
258.5 |
246.0 |
243.2 |
|
Plan Assets - Domestic |
143.9 |
144.8 |
128.8 |
105.9 |
138.6 |
|
Funded Status - Domestic |
-134.2 |
-144.5 |
-129.6 |
-140.2 |
-104.6 |
|
Total Funded Status |
-134.2 |
-144.5 |
-129.6 |
-140.2 |
-104.6 |
|
Discount Rate - Domestic |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Prepaid Benefits - Domestic |
32.8 |
29.1 |
24.1 |
20.7 |
16.6 |
|
Accrued Liabilities - Domestic |
-114.9 |
-117.3 |
-106.0 |
-96.1 |
-93.8 |
|
Other Assets, Net - Domestic |
52.1 |
56.3 |
47.7 |
64.8 |
27.4 |
|
Net Assets Recognized on Balance Sheet |
-30.0 |
-31.9 |
-34.2 |
-10.6 |
-49.7 |
|
Total Plan Obligations |
278.1 |
289.3 |
258.5 |
246.0 |
243.2 |
|
Total Plan Assets |
143.9 |
144.8 |
128.8 |
105.9 |
138.6 |
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 |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
98.6 |
50.0 |
58.3 |
52.1 |
50.7 |
|
Depreciation |
78.0 |
65.2 |
53.5 |
40.1 |
29.2 |
|
Depreciation/Depletion |
78.0 |
65.2 |
53.5 |
40.1 |
29.2 |
|
Unusual Items |
6.2 |
20.3 |
3.6 |
2.2 |
0.8 |
|
Equity in Net Earnings (Loss) |
- |
- |
0.0 |
2.0 |
0.0 |
|
Other Non-Cash Items |
-14.7 |
-0.9 |
-0.3 |
-3.4 |
-1.6 |
|
Non-Cash Items |
-8.4 |
19.3 |
3.3 |
0.8 |
-0.7 |
|
Accounts Receivable |
-56.8 |
-8.5 |
-30.4 |
35.4 |
-5.0 |
|
Inventories |
-10.2 |
6.5 |
-7.3 |
7.1 |
-5.6 |
|
Accounts Payable |
50.3 |
9.0 |
21.9 |
-44.0 |
16.2 |
|
Accrued Expenses |
2.4 |
-6.2 |
5.5 |
-0.5 |
0.3 |
|
Other Operating Cash Flow |
-35.6 |
-49.0 |
-38.9 |
-33.8 |
-28.8 |
|
Changes in Working Capital |
-49.8 |
-48.1 |
-49.2 |
-35.8 |
-22.9 |
|
Cash from Operating Activities |
118.3 |
86.4 |
65.9 |
57.2 |
56.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-151.3 |
-112.6 |
-26.4 |
-68.2 |
-55.0 |
|
Capital Expenditures |
-151.3 |
-112.6 |
-26.4 |
-68.2 |
-55.0 |
|
Acquisition of Business |
-58.2 |
0.0 |
-5.1 |
-0.2 |
0.0 |
|
Sale of Fixed Assets |
17.2 |
7.7 |
3.5 |
3.5 |
2.5 |
|
Sale/Maturity of Investment |
0.7 |
0.9 |
2.2 |
0.6 |
0.1 |
|
Purchase of Investments |
-17.9 |
-7.0 |
-2.8 |
-8.8 |
-8.5 |
|
Other Investing Cash Flow |
1.1 |
-21.9 |
4.6 |
2.1 |
-7.9 |
|
Other Investing Cash Flow Items, Total |
-57.2 |
-20.3 |
2.4 |
-2.8 |
-13.9 |
|
Cash from Investing Activities |
-208.5 |
-132.9 |
-24.0 |
-71.0 |
-68.9 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-2.7 |
-2.5 |
-4.4 |
-1.7 |
-1.3 |
|
Financing Cash Flow Items |
-2.7 |
-2.5 |
-4.4 |
-1.7 |
-1.3 |
|
Cash Dividends Paid - Common |
-17.5 |
-12.5 |
-9.4 |
-8.7 |
-7.7 |
|
Total Cash Dividends Paid |
-17.5 |
-12.5 |
-9.4 |
-8.7 |
-7.7 |
|
Sale/Issuance of
Common |
0.0 |
50.8 |
0.0 |
0.2 |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
-3.2 |
0.0 |
-0.7 |
-2.7 |
|
Common Stock, Net |
0.0 |
47.6 |
0.0 |
-0.6 |
-2.7 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
47.6 |
0.0 |
-0.6 |
-2.7 |
|
Short Term Debt, Net |
1.9 |
-5.3 |
-18.1 |
17.4 |
-36.7 |
|
Long Term Debt Issued |
223.5 |
106.2 |
122.7 |
94.3 |
113.6 |
|
Long Term Debt
Reduction |
-128.1 |
-93.7 |
-103.2 |
-92.3 |
-37.3 |
|
Long Term Debt, Net |
95.5 |
12.5 |
19.5 |
2.0 |
76.3 |
|
Issuance (Retirement) of Debt, Net |
97.4 |
7.2 |
1.3 |
19.4 |
39.6 |
|
Cash from Financing Activities |
77.2 |
39.7 |
-12.5 |
8.4 |
27.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.1 |
-0.4 |
0.0 |
-0.3 |
0.0 |
|
Net Change in Cash |
-13.2 |
-7.1 |
29.3 |
-5.7 |
15.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
182.3 |
175.0 |
126.8 |
122.6 |
92.6 |
|
Net Cash - Ending Balance |
169.1 |
168.0 |
156.1 |
116.9 |
107.8 |
|
Cash Interest Paid |
15.0 |
13.9 |
12.4 |
9.3 |
6.8 |
|
Cash Taxes Paid |
30.0 |
33.6 |
21.5 |
27.1 |
19.2 |
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 |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Total Revenue |
3,424.0 |
2,813.0 |
2,449.9 |
2,116.3 |
1,787.3 |
|
Total Revenue |
3,424.0 |
2,813.0 |
2,449.9 |
2,116.3 |
1,787.3 |
|
|
|
|
|
|
|
|
Total Cost of Sales |
3,108.2 |
2,574.0 |
2,241.3 |
1,952.0 |
1,647.4 |
|
Other Selling/General/Admin. Expense |
126.1 |
- |
- |
- |
- |
|
Payrolls |
66.9 |
55.9 |
47.8 |
36.6 |
29.2 |
|
Provision for Bonuses |
8.5 |
5.5 |
4.9 |
3.7 |
2.8 |
|
Provision for directors' Bonuses |
2.2 |
1.3 |
0.9 |
0.5 |
0.7 |
|
Prov. for Retire. Benefits Reserve |
5.0 |
4.6 |
4.2 |
2.8 |
2.0 |
|
Provision for doubtful accounts(SGA) |
2.3 |
0.4 |
0.4 |
0.2 |
0.1 |
|
Other Selling & General Expenses |
- |
100.1 |
84.1 |
65.3 |
52.2 |
|
SP G exemption of sales tax. |
- |
-0.4 |
0.0 |
- |
- |
|
SP Subsidy Received |
- |
- |
0.0 |
-1.7 |
0.0 |
|
SP Impairment Loss |
0.0 |
5.3 |
0.0 |
- |
0.0 |
|
SP Asbestos Expenditures |
- |
- |
- |
- |
0.0 |
|
SP Loss on Valuation of Fixed Assets |
- |
0.0 |
0.3 |
0.0 |
- |
|
SP L adj.change of accts rules. |
0.0 |
1.5 |
0.0 |
- |
- |
|
SP Loss on Retire. of Fixed Assets |
2.4 |
2.1 |
3.6 |
2.2 |
0.8 |
|
SP Loss on prior periods adjustment |
- |
0.0 |
1.9 |
0.0 |
- |
|
Loss on cancellation of lease contracts |
0.6 |
1.0 |
1.2 |
2.1 |
1.5 |
|
SP Special retirement expenses |
2.3 |
1.0 |
0.5 |
0.0 |
- |
|
SP Loss on Val. of LT Inv't. Secs. |
- |
0.0 |
0.5 |
0.5 |
0.0 |
|
SP Provision for Doubtful Accounts |
- |
- |
- |
- |
0.0 |
|
SP Loss on Val. of Memberships |
- |
- |
0.0 |
0.4 |
0.0 |
|
SP L Valuation.investments in capital. |
0.0 |
0.4 |
0.0 |
- |
- |
|
SP Special Settlement |
- |
0.0 |
0.7 |
0.0 |
- |
|
SP Loss on disaster |
0.0 |
11.4 |
- |
- |
- |
|
Total Operating Expense |
3,324.5 |
2,764.0 |
2,392.3 |
2,064.4 |
1,736.7 |
|
|
|
|
|
|
|
|
NOP Interest Income |
2.3 |
2.5 |
2.3 |
1.2 |
1.1 |
|
NOP Dividend Income |
11.5 |
10.2 |
9.5 |
7.8 |
5.3 |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP Group Insur.Income |
3.2 |
2.9 |
2.5 |
2.5 |
2.4 |
|
NOP Other Non-Operating Income |
6.8 |
8.2 |
6.3 |
4.4 |
3.8 |
|
NOP Interest Expense |
-15.2 |
-13.9 |
-12.5 |
-9.3 |
-6.8 |
|
NOP Group Insurance Expenses |
-3.1 |
-3.2 |
-2.9 |
-2.8 |
-2.6 |
|
NOP Equity Loss |
- |
- |
0.0 |
-2.0 |
0.0 |
|
NOP Other Non-Operating Expenses |
-4.8 |
-3.4 |
-4.3 |
-2.2 |
-3.2 |
|
SP Gain-Sale Fixed |
2.2 |
0.0 |
0.4 |
0.5 |
0.0 |
|
SP Loss-Sale Fixed Assets |
-3.8 |
-1.4 |
-0.5 |
0.0 |
0.0 |
|
SP Loss-Sale Inv. Secs. |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Net Income Before Taxes |
98.6 |
50.1 |
58.4 |
52.1 |
50.7 |
|
|
|
|
|
|
|
|
Total income taxes |
53.6 |
25.0 |
28.1 |
23.8 |
23.9 |
|
Net Income After Taxes |
45.0 |
25.0 |
30.3 |
28.4 |
26.8 |
|
|
|
|
|
|
|
|
Minority interests in income (loss) |
-0.9 |
1.4 |
1.5 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
44.1 |
26.4 |
31.8 |
28.4 |
26.8 |
|
Net Income |
44.1 |
26.4 |
31.8 |
28.4 |
26.8 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Directors' Bonus |
- |
- |
- |
0.0 |
0.0 |
|
Adjustment |
- |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
44.0 |
26.4 |
31.7 |
28.3 |
26.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
44.0 |
26.4 |
31.7 |
28.3 |
26.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
125.8 |
122.6 |
109.8 |
109.8 |
110.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.35 |
0.22 |
0.29 |
0.26 |
0.24 |
|
Basic EPS Including ExtraOrdinary Item |
0.35 |
0.22 |
0.29 |
0.26 |
0.24 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
44.0 |
26.4 |
31.7 |
28.3 |
26.8 |
|
Diluted Weighted Average Shares |
138.7 |
135.3 |
122.0 |
121.7 |
118.6 |
|
Diluted EPS Excluding ExtraOrd Items |
0.32 |
0.20 |
0.26 |
0.23 |
0.23 |
|
Diluted EPS Including ExtraOrd Items |
0.32 |
0.20 |
0.26 |
0.23 |
0.23 |
|
DPS-Common Stock |
0.13 |
0.12 |
0.09 |
0.08 |
0.07 |
|
Gross Dividends - Common Stock |
19.1 |
14.7 |
9.4 |
8.7 |
7.7 |
|
Normalized Income Before Taxes |
105.5 |
73.7 |
67.1 |
55.1 |
53.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
57.3 |
36.8 |
32.3 |
25.1 |
25.0 |
|
Normalized Income After Taxes |
48.2 |
36.8 |
34.8 |
30.0 |
28.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
47.2 |
38.2 |
36.2 |
29.9 |
28.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.38 |
0.31 |
0.33 |
0.27 |
0.25 |
|
Diluted Normalized EPS |
0.34 |
0.28 |
0.30 |
0.25 |
0.24 |
|
Interest Expense |
15.2 |
13.9 |
12.5 |
9.3 |
6.8 |
|
Amort of Tangible Assets-Current Portion |
78.0 |
- |
- |
- |
- |
|
Depreciation |
- |
65.2 |
53.5 |
40.1 |
29.2 |
|
Income taxes-current |
34.3 |
- |
- |
- |
- |
|
Current Tax - Total |
34.3 |
- |
- |
- |
- |
|
Income taxes-deferred |
19.3 |
- |
- |
- |
- |
|
Deferred Tax - Total |
19.3 |
- |
- |
- |
- |
|
Income Tax - Total |
53.6 |
- |
- |
- |
- |
|
Reported Operating Profit |
104.8 |
71.2 |
66.2 |
55.4 |
53.0 |
|
Reported Ordinary Profit |
105.5 |
74.4 |
67.1 |
55.1 |
53.0 |
|
Service Cost |
13.5 |
14.1 |
12.9 |
11.8 |
10.0 |
|
Interest Cost |
7.1 |
6.6 |
6.3 |
5.8 |
5.2 |
|
Expected Return on Plan Assets |
-4.4 |
-4.1 |
-3.2 |
-4.0 |
-4.6 |
|
Actuarial Gains and Losses |
7.4 |
6.1 |
6.8 |
3.2 |
-0.2 |
|
Domestic Pension Plan Expense |
23.6 |
22.7 |
22.7 |
16.8 |
10.5 |
|
Defined Contribution Expense |
1.6 |
- |
- |
- |
- |
|
Total Pension Expense |
25.2 |
22.7 |
22.7 |
16.8 |
10.5 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.50% |
- |
- |
- |
- |
|
Discount Rate |
- |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected return on assets(MIN)-Retiremen |
3.00% |
- |
- |
- |
- |
|
Expected Rate of Return |
- |
3.00% |
3.00% |
3.00% |
3.00% |
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 |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
162.1 |
173.7 |
155.2 |
121.0 |
123.7 |
|
Accounts & Notes Receivable, Gross |
493.9 |
375.8 |
325.0 |
251.0 |
268.3 |
|
Merchandise And Finished Goods |
49.6 |
- |
- |
- |
- |
|
Inventories - real est. held for sale |
0.0 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Inventories - merchandise |
- |
8.7 |
13.2 |
2.1 |
6.0 |
|
Inventories - supplies |
- |
2.1 |
1.2 |
0.9 |
1.0 |
|
Inventories - work-in-process |
1.8 |
1.3 |
2.2 |
2.0 |
5.0 |
|
Deferred Income Taxes (Current) |
24.9 |
30.2 |
20.7 |
15.8 |
16.8 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Current Assets |
45.9 |
45.8 |
33.3 |
26.5 |
22.7 |
|
Allow.Doubt.Accounts (Current) |
-0.6 |
-0.3 |
-0.5 |
-0.2 |
-0.2 |
|
Raw Materials And Supplies |
2.3 |
- |
- |
- |
- |
|
Total Current Assets |
779.9 |
637.4 |
550.5 |
419.3 |
443.5 |
|
|
|
|
|
|
|
|
Buildings & Structures, Gross |
1,156.4 |
1,011.2 |
874.2 |
811.1 |
751.4 |
|
Accumulated depreciation |
-39.6 |
- |
- |
- |
- |
|
Accum. depr - bldg&struc |
-600.3 |
-565.2 |
-481.7 |
-434.8 |
-410.3 |
|
Machinery, equipment and vehicles |
253.3 |
221.1 |
198.4 |
181.7 |
171.1 |
|
Accumulated depreciation |
-182.7 |
-161.2 |
-139.7 |
-121.7 |
-122.9 |
|
Tools, furniture and fixtures |
58.0 |
54.0 |
45.5 |
40.5 |
38.2 |
|
Accumulated depreciation |
-47.6 |
-43.7 |
-36.4 |
-30.6 |
-27.7 |
|
Land |
483.5 |
473.4 |
378.9 |
347.0 |
333.7 |
|
Lease, Gross |
83.2 |
67.4 |
51.6 |
40.6 |
0.0 |
|
Accum. depr - lease |
- |
-27.0 |
-15.9 |
-10.4 |
0.0 |
|
Construction-In-Progress |
2.8 |
16.2 |
5.2 |
1.3 |
2.7 |
|
Other |
42.5 |
- |
- |
- |
- |
|
Total intangible assets |
- |
- |
38.7 |
25.9 |
18.1 |
|
Goodwill |
45.3 |
- |
- |
- |
- |
|
Goodwill |
- |
12.4 |
- |
- |
- |
|
Other Intangible Assets |
- |
40.5 |
- |
- |
- |
|
Other LT Securities |
49.2 |
- |
- |
- |
- |
|
Long-Term Investment in Securities |
- |
27.4 |
29.7 |
24.2 |
26.9 |
|
Invt Secs Noncons, Asc, Affd Cos |
8.5 |
- |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
5.5 |
- |
- |
- |
- |
|
Equity secs.-nonconsolidated affil. |
- |
8.6 |
- |
- |
- |
|
Long-term loans receivable |
51.3 |
52.0 |
31.7 |
31.6 |
3.5 |
|
Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
160.9 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Security Deposit |
106.9 |
105.2 |
93.4 |
87.1 |
77.6 |
|
Deferred tax assets |
48.6 |
60.0 |
53.6 |
49.7 |
51.7 |
|
Other Assets |
- |
146.6 |
124.2 |
101.1 |
92.0 |
|
Inv't partnership-nonconsol.affil. |
- |
5.4 |
- |
- |
- |
|
Allow.Doubt.Accounts (Non-Current) |
-3.4 |
-2.7 |
-2.7 |
-2.3 |
-2.2 |
|
Other PPE, Net |
0.0 |
- |
- |
- |
- |
|
Other Buildings, Net |
0.0 |
- |
- |
- |
- |
|
Other Plant/machinery, Net |
0.0 |
- |
- |
- |
- |
|
Other PPE under Capital Lease, Net |
0.0 |
- |
- |
- |
- |
|
Total Assets |
2,462.2 |
2,139.0 |
1,799.3 |
1,561.3 |
1,447.3 |
|
|
|
|
|
|
|
|
Notes and operating accounts payable-tra |
392.0 |
272.7 |
240.5 |
174.9 |
200.9 |
|
Short-term loans payable |
169.2 |
101.1 |
94.5 |
97.2 |
77.9 |
|
Current Portion Of Bonds With Subscripti |
59.5 |
- |
- |
- |
- |
|
Bonds w/stock warrants (current) |
- |
0.0 |
- |
- |
- |
|
LT borrowings (current) |
- |
98.5 |
69.5 |
13.9 |
49.7 |
|
Straight Bonds (Current) |
- |
0.0 |
0.0 |
70.9 |
0.0 |
|
Lease (Current) |
25.1 |
19.4 |
11.6 |
8.0 |
0.0 |
|
Income Taxes Payable |
27.7 |
20.7 |
19.7 |
9.3 |
15.7 |
|
Reserve for Bonuses |
37.9 |
34.4 |
36.2 |
27.6 |
27.3 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Provision for loss on disaster |
0.5 |
10.1 |
0.0 |
- |
- |
|
Provision for directors'' bonuses |
2.1 |
1.4 |
0.9 |
0.5 |
0.8 |
|
Other Current Liabilities |
112.4 |
92.2 |
76.7 |
68.4 |
71.8 |
|
Total Current Liabilities |
826.4 |
650.6 |
549.6 |
470.5 |
444.0 |
|
|
|
|
|
|
|
|
Straight Bonds |
145.7 |
84.5 |
74.9 |
0.0 |
70.3 |
|
Convertible bond-type bonds with subscri |
0.0 |
59.1 |
52.4 |
49.6 |
50.2 |
|
Long-term loans payable |
490.6 |
390.1 |
336.0 |
338.4 |
253.3 |
|
Lease |
49.5 |
49.9 |
42.5 |
32.0 |
0.0 |
|
Total Long Term Debt |
685.8 |
583.6 |
505.8 |
419.9 |
373.8 |
|
|
|
|
|
|
|
|
Reserve for Retirement Benefit(accrued) |
114.9 |
117.3 |
106.0 |
96.1 |
93.8 |
|
Provision for directors'' retirement ben |
0.8 |
0.4 |
0.6 |
0.4 |
0.4 |
|
Asset retirement obligations |
3.8 |
3.5 |
0.0 |
- |
- |
|
Reserve for Vessel Special Repair |
0.6 |
0.5 |
0.3 |
0.3 |
0.2 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Other Long-Term Liabilities |
61.7 |
51.8 |
47.1 |
46.2 |
34.4 |
|
Minority Interests |
20.6 |
17.8 |
13.2 |
4.2 |
0.0 |
|
Total Liabilities |
1,714.8 |
1,425.5 |
1,222.6 |
1,037.7 |
946.6 |
|
|
|
|
|
|
|
|
Rounding adjustment Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
249.1 |
247.6 |
196.3 |
185.7 |
183.8 |
|
Total capital surpluses |
228.0 |
226.6 |
177.7 |
168.1 |
166.3 |
|
Total retained earnings |
278.0 |
251.0 |
209.8 |
177.4 |
156.3 |
|
Treasury Stock |
-12.7 |
-12.6 |
-8.3 |
-7.9 |
-7.2 |
|
Valuation difference on available-for-sa |
1.9 |
0.0 |
0.5 |
-0.3 |
1.0 |
|
Deferred Headge |
1.9 |
-0.1 |
-0.2 |
0.0 |
0.0 |
|
Cumulative Translation Adjustments |
-0.5 |
-0.4 |
0.0 |
-0.1 |
0.3 |
|
New Stock Subscription Right |
1.8 |
1.3 |
0.9 |
0.6 |
0.3 |
|
Total Equity |
747.4 |
713.5 |
576.7 |
523.6 |
500.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,462.2 |
2,139.0 |
1,799.3 |
1,561.3 |
1,447.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
125.8 |
125.8 |
109.8 |
109.8 |
109.7 |
|
Total Common Shares Outstanding |
125.8 |
125.8 |
109.8 |
109.8 |
109.7 |
|
T/S-Common Stock |
3.2 |
3.2 |
2.2 |
2.2 |
2.0 |
|
Full-Time Employees |
8,194 |
7,786 |
7,761 |
7,345 |
6,704 |
|
Total Number of Shareholders |
5,572 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
6,130 |
5,172 |
5,207 |
5,982 |
|
Bond Redemption Amounts within A Year |
59.5 |
- |
- |
- |
- |
|
Long Term Debt Matured within 1 Year |
56.7 |
98.5 |
69.5 |
84.7 |
49.7 |
|
Over One Year And Within Two Years |
0.0 |
- |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
95.0 |
- |
- |
- |
- |
|
Long Term Debt Matured within 2 Years |
- |
114.2 |
87.4 |
66.0 |
78.7 |
|
Over Two Years And Within Three Years |
85.0 |
- |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
81.6 |
- |
- |
- |
- |
|
Long Term Debt Matured within 3 Years |
- |
93.1 |
101.3 |
82.0 |
59.1 |
|
Over Three Years And Within Four Years |
0.0 |
- |
- |
- |
- |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
69.9 |
- |
- |
- |
- |
|
Long Term Debt Matured within 4 Years |
- |
165.0 |
82.6 |
95.0 |
59.4 |
|
Over Four Years And Within Five Years |
60.7 |
- |
- |
- |
- |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
104.3 |
- |
- |
- |
- |
|
Long Term Debt Matured within 5 Years |
- |
69.0 |
146.4 |
77.9 |
93.0 |
|
Other LT borrowings - remaining |
139.9 |
- |
- |
- |
- |
|
Other remaining LTD |
- |
92.3 |
45.7 |
67.0 |
83.6 |
|
Total Long Term Debt, Supplemental |
752.5 |
632.2 |
532.8 |
472.7 |
423.5 |
|
Capital Lease Maturing within 1 yr. |
25.1 |
19.4 |
11.6 |
8.0 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
21.8 |
- |
- |
- |
- |
|
Capital Lease Maturing within 2 yr. |
- |
19.6 |
12.7 |
7.7 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
14.3 |
- |
- |
- |
- |
|
Capital Lease Maturing within 3 yr. |
- |
16.1 |
12.7 |
7.7 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
8.2 |
- |
- |
- |
- |
|
Capital Lease Maturing within 4 yr. |
- |
9.0 |
9.6 |
7.6 |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
3.3 |
- |
- |
- |
- |
|
Capital Lease Maturing within 5 yr. |
- |
3.1 |
4.3 |
4.6 |
- |
|
Other Capital Lease - remaining |
1.9 |
- |
- |
- |
- |
|
Capital Lease Remaining Maturities |
- |
2.1 |
3.1 |
4.3 |
- |
|
Total Capital Leases |
74.5 |
69.3 |
54.1 |
40.0 |
- |
|
Pension Obligation |
278.1 |
289.3 |
258.5 |
246.0 |
243.2 |
|
Fair Value of Plan Assets |
143.9 |
144.8 |
128.8 |
105.9 |
138.6 |
|
Funded Status |
-134.2 |
-144.5 |
-129.6 |
-140.2 |
-104.6 |
|
Total Funded Status |
-134.2 |
-144.5 |
-129.6 |
-140.2 |
-104.6 |
|
Discount Rate |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Unrecognized Actuarial Gains and Losses |
52.1 |
56.3 |
47.7 |
64.8 |
27.4 |
|
Prepaid Pension Benefits |
32.8 |
29.1 |
24.1 |
20.7 |
16.6 |
|
Reserve for Accrued Retirement Benefits |
-114.9 |
-117.3 |
-106.0 |
-96.1 |
-93.8 |
|
Net Assets Recognized on Balance Sheet |
-30.0 |
-31.9 |
-34.2 |
-10.6 |
-49.7 |
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 |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
Ohtemae Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
98.6 |
50.0 |
58.3 |
52.1 |
50.7 |
|
Depreciation |
78.0 |
65.2 |
53.5 |
40.1 |
29.2 |
|
Loss (gain) on sales of property, plant |
3.8 |
- |
- |
- |
- |
|
Impairment Loss |
- |
- |
- |
- |
0.0 |
|
Loss on disaster |
0.0 |
11.4 |
0.0 |
- |
- |
|
Impairment loss |
0.0 |
5.3 |
- |
- |
- |
|
L on adj.change of accts rules. |
0.0 |
1.5 |
0.0 |
- |
- |
|
Loss on Retirement of Fixed Assets |
2.4 |
2.1 |
3.6 |
2.2 |
0.8 |
|
Equity Earning/Loss |
- |
- |
0.0 |
2.0 |
0.0 |
|
Loss-Sale Fixed Assets |
- |
0.0 |
- |
- |
- |
|
Increase (decrease) in Provision for los |
-10.0 |
- |
- |
- |
- |
|
Increase (decrease) in provision for ret |
-6.0 |
-2.1 |
-1.0 |
-4.2 |
-3.1 |
|
Increase (decrease) in provision for bon |
2.4 |
-6.2 |
5.5 |
-0.5 |
0.3 |
|
Provision for loss on disaster. |
- |
0.0 |
- |
- |
- |
|
Interest & Dividend |
-13.9 |
-12.7 |
-11.8 |
-9.0 |
-6.5 |
|
Interest Expense |
15.2 |
13.9 |
12.5 |
9.3 |
6.8 |
|
Decrease (increase) in notes and account |
-56.8 |
-8.5 |
-30.4 |
35.4 |
-5.0 |
|
Decrease (increase) in inventories |
-10.2 |
6.5 |
-7.3 |
7.1 |
-5.6 |
|
Increase (decrease) in notes and account |
50.3 |
9.0 |
21.9 |
-44.0 |
16.2 |
|
Increase (decrease) in cash and cash equ |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
6.2 |
-4.7 |
-8.0 |
0.8 |
-4.6 |
|
Int & Div.Received (Cash Basis) |
3.2 |
3.2 |
3.0 |
1.8 |
1.8 |
|
Interest Paid (Cash Basis) |
-15.0 |
-13.9 |
-12.4 |
-9.3 |
-6.8 |
|
Income Taxes Paid (Cash Basis) |
-30.0 |
-33.6 |
-21.5 |
-27.1 |
-19.2 |
|
Cash to change in consol. scope |
- |
- |
- |
0.6 |
1.1 |
|
Cash from Operating Activities |
118.3 |
86.4 |
65.9 |
57.2 |
56.2 |
|
|
|
|
|
|
|
|
Purchase of property, plant and equipmen |
-151.3 |
-112.6 |
-26.4 |
-68.2 |
-55.0 |
|
Proceeds from sales of property, plant a |
17.2 |
7.7 |
3.5 |
3.5 |
2.5 |
|
Purchase of Long-Term Inv't in Sec. |
-17.7 |
-0.3 |
-0.2 |
-6.9 |
-0.7 |
|
Sale of Long-Term Investment in Sec. |
0.7 |
0.9 |
0.8 |
0.6 |
0.1 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Payments of long-term loans receivable |
-1.5 |
-18.3 |
0.0 |
- |
- |
|
Purchase of Affiliates ' Securities |
-0.1 |
-4.7 |
-0.3 |
-1.3 |
-7.9 |
|
Sale of Affiliates' Securities |
- |
0.0 |
1.4 |
0.0 |
0.0 |
|
Purchase of Affiliates' Securities-conso |
-58.2 |
0.0 |
-5.1 |
-0.2 |
0.0 |
|
Closely-held inv'ts made in affiliates |
-0.1 |
-2.0 |
-2.3 |
-0.6 |
0.0 |
|
Other, net |
2.6 |
-3.7 |
4.6 |
2.1 |
-7.9 |
|
Cash from Investing Activities |
-208.5 |
-132.9 |
-24.0 |
-71.0 |
-68.9 |
|
|
|
|
|
|
|
|
Increase (decrease) in short-term loans |
1.9 |
-5.3 |
-18.1 |
17.4 |
-36.7 |
|
Proceeds from long-term loans payable |
160.2 |
106.2 |
47.3 |
94.3 |
70.0 |
|
Repayment of long-term loans payable |
-103.9 |
-75.7 |
-16.4 |
-81.0 |
-37.3 |
|
Conv. Bonds with Stock Purchase Warrants |
- |
- |
- |
0.0 |
43.6 |
|
Bond issued |
63.3 |
0.0 |
75.3 |
0.0 |
- |
|
Bond redemption |
- |
0.0 |
-75.3 |
-8.1 |
0.0 |
|
Repayment of finance lease |
-24.2 |
-18.0 |
-11.4 |
-3.3 |
0.0 |
|
Treasury Stock Purchased |
0.0 |
-3.2 |
0.0 |
-0.7 |
-2.7 |
|
Treasury Stock Sold |
0.0 |
0.0 |
0.0 |
0.2 |
0.0 |
|
Issuance of common stock |
0.0 |
50.8 |
0.0 |
- |
- |
|
Dividends Paid |
-17.5 |
-12.5 |
-9.4 |
-8.7 |
-7.7 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
-2.6 |
-2.5 |
-4.4 |
-1.7 |
-1.3 |
|
Cash from Financing Activities |
77.2 |
39.7 |
-12.5 |
8.4 |
27.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.1 |
-0.4 |
0.0 |
-0.3 |
0.0 |
|
Net Change in Cash |
-13.2 |
-7.1 |
29.3 |
-5.7 |
15.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
182.3 |
175.0 |
126.8 |
122.6 |
92.6 |
|
Net Cash - Ending Balance |
169.1 |
168.0 |
156.1 |
116.9 |
107.8 |
|
Cash Interest Paid |
15.0 |
13.9 |
12.4 |
9.3 |
6.8 |
|
Cash Taxes Paid |
30.0 |
33.6 |
21.5 |
27.1 |
19.2 |
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.53.59 |
|
UK Pound |
1 |
Rs.85.81 |
|
Euro |
1 |
Rs.69.91 |
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.