MIRA
INFORM REPORT
|
Report Date : |
30.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHORI CO LTD |
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Registered Office : |
9-11F, Nittochi Sakaisuji Bldg., 1-7-3, Awajimachi, Chuo-ku,
Osaka-Shi, 540-8603 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
02.09.1948 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Subject operates in below business segments :- ·
The Textile segment
The Chemical Product segment The Machinery segment |
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No. of Employees : |
1, 084 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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) |
|
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 |
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
Chori Co Ltd
9-11F, Nittochi Sakaisuji Bldg.
1-7-3, Awajimachi, Chuo-ku
Osaka-Shi, 540-8603
Japan
Tel: 81-6-62285000
Fax: 81-6-62285546
Web: www.chori.co.jp
Synthesis
Employees: 1,084
Company Type: Public Subsidiary
Corporate Family: 205
Companies
Ultimate Parent: Toray
Industries Inc
Traded: Tokyo
Stock Exchange: 8014
Incorporation Date:
02-Sep-1948
Auditor: Deloitte Touche Tohmatsu CPA Ltd.
Financials in: USD
(Millions)
Fiscal Year End: 31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 2,758.6 1
Net Income: 44.3
Total Assets: 818.9
2
Market Value: 266.0
(12-Oct-2012)
Business Description
CHORI CO., LTD. operates in four business segments. The Textile segment
provides chemical fibers, natural fibers, cotton, original yarn, fabrics, silk,
textiles and industrial materials. The Chemical Product segment offers organic
and inorganic chemical products, precision chemicals, pharmaceutical materials,
additives of food and feed, as well as natural mineral products. The Machinery
segment provides vehicles and machines, as well as related materials. The
Others segment is involved in the provision of information, communication
equipment and various services. On July 26, 2012, the Company completed the
liquidation of a wholly owned subsidiary, which was engaged in real estate
related business. For the three months ended 30 June 2012, Chori Co Ltd
revenues increased 1% to Y54.72B. Net income decreased 9% to Y786M. Revenues
reflect Machinery Business segment increase of 11% to Y13.53B, Fiber Business
segment increase of 2% to Y24.83B. Net income was offset by Chemicals segment
income decrease of 22% to Y586M, Other segment income decrease of 51% to Y17M.
Basic Earnings per Share excluding Extraordinary Items decreased from Y36.04 to
Y31.4
Industry
Industry Textiles - Non Apparel
ANZSIC 2006: 1334 - Textile
Finishing and Other Textile Product Manufacturing
NACE 2002: 1754 - Manufacture
of other textiles not elsewhere classified
NAICS 2002: 314999 - All Other
Miscellaneous Textile Product Mills
UK SIC 2003: 1754 - Manufacture
of other textiles not elsewhere classified
UK SIC 2007: 1399 - Manufacture
of other textiles n.e.c.
US SIC 1987: 2399 - Fabricated
Textile Products, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Shuji Yamazaki |
President, Executive President, Chief Executive Officer, Chief
Operating Officer, Representative Director |
|
Junichiro Kunihara |
Executive Vice President, Vice President, Chairman of Operation
Council, Representative Director |
|
Jun Furuya |
Executive Officer, Director of Accountant |
|
Keishiro Saito |
President & Chief Executive Officer |
|
Hisao Nakamura |
President |
Significant developments
|
* number of significant developments within the last 12 months
News
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Financial Summary
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Stock Snapshot
|
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
9-11F, Nittochi Sakaisuji Bldg.
1-7-3, Awajimachi, Chuo-ku
Osaka-Shi, 540-8603
Japan
Tel: 81-6-62285000
Fax: 81-6-62285546
Web: www.chori.co.jp
Quote Symbol - Exchange
8014 - Tokyo Stock
Exchange
Sales JPY(mil): 217,825.0
Assets JPY(mil): 67,465.0
Employees: 1,084
Fiscal Year End: 31-Mar-2012
Industry: Textiles - Non Apparel
Incorporation Date: 02-Sep-1948
Company Type: Public
Subsidiary
Quoted Status: Quoted
President, Executive President, Chief Executive Officer, Chief Operating Officer, Representative Director: Shuji Yamazaki
Company Web Links
Corporate History/Profile
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Shareholders
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1334 - Textile Finishing and Other Textile Product Manufacturing
6720 - Real Estate Services
1841 - Human Pharmaceutical and Medicinal Product Manufacturing
2422 - Communication Equipment Manufacturing
2399 - Other Transport Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
1754 - Manufacture of other textiles not elsewhere classified
7031 - Real estate agencies
3550 - Manufacture of other transport equipment not elsewhere
classified
3220 - Manufacture of television and radio transmitters and
apparatus for line telephony and line telegraphy
2441 - Manufacture of basic pharmaceutical products
NAICS 2002 Codes:
314999 - All Other Miscellaneous Textile Product Mills
531210 - Offices of Real Estate Agents and Brokers
325411 - Medicinal and Botanical Manufacturing
334290 - Other Communications Equipment Manufacturing
336999 - All Other Transportation Equipment Manufacturing
US SIC 1987:
2399 - Fabricated Textile Products, Not Elsewhere Classified
6531 - Real Estate Agents and Managers
3799 - Transportation Equipment, Not Elsewhere Classified
3669 - Communications Equipment, Not Elsewhere Classified
2833 - Medicinal Chemicals and Botanical Products
UK SIC 2003:
1754 - Manufacture of other textiles not elsewhere classified
7031 - Real estate agencies
3550 - Manufacture of other transport equipment not elsewhere
classified
3220 - Manufacture of television and radio transmitters and
apparatus for line telephony and line telegraphy
2441 - Manufacture of basic pharmaceutical products
UK SIC 2007:
1399 - Manufacture of other textiles n.e.c.
6831 - Real estate agencies
2110 - Manufacture of basic pharmaceutical products
3099 - Manufacture of other transport equipment n.e.c.
2630 - Manufacture of communication equipment
Business
Description
CHORI CO., LTD.
operates in four business segments. The Textile segment provides chemical
fibers, natural fibers, cotton, original yarn, fabrics, silk, textiles and
industrial materials. The Chemical Product segment offers organic and inorganic
chemical products, precision chemicals, pharmaceutical materials, additives of
food and feed, as well as natural mineral products. The Machinery segment
provides vehicles and machines, as well as related materials. The Others
segment is involved in the provision of information, communication equipment
and various services. On July 26, 2012, the Company completed the liquidation
of a wholly owned subsidiary, which was engaged in real estate related
business. For the three months ended 30 June 2012, Chori Co Ltd revenues
increased 1% to Y54.72B. Net income decreased 9% to Y786M. Revenues reflect
Machinery Business segment increase of 11% to Y13.53B, Fiber Business segment
increase of 2% to Y24.83B. Net income was offset by Chemicals segment income
decrease of 22% to Y586M, Other segment income decrease of 51% to Y17M. Basic
Earnings per Share excluding Extraordinary Items decreased from Y36.04 to Y31.4
More Business Descriptions
Trade in synthetic
textiles and chemical products
Trading House;
Import; Export & Brokerage of Textile Materials & Products; Metal
Products, Plastic Resins, Chemicals, Fertilizers
Chori Co., Ltd. (Chori)
is engaged in the business of manufacturing various types of fibers inclusive
of chemicals fibers, inorganic chemicals, food additives, polyurethane raw
materials and many more. The company is also involved in trading of automobiles
and vehicle parts in South America, provision of various machinery products,
real estate services, and various other related services.Chori in coordination
with its subsidiaries operates in four business segments, namely, Textile,
Chemical, and Machinery, and Others. Through Textile business segment, the
company is engaged in developing synthetic fiber, and a range of raw materials
for knit products, clothing, housing products and many more. Its Textile raw
material department produces ECOBLUE branded recycled chemical yarn made from
used polyester materials, and X-RED which is a flame-retardant polyester
material. The company’s knitted products department is engaged in producing
raw materials for knit products, socks and tights, and sales of their finished
products. It manufactures ANDES which is an extra-long-fiber cotton made out of
Peruvian Pima Cotton. The Industrial materials department develops automobile,
housing, and industrial construction materials which include soundproof,
shock-absorbing housing materials using raw materials that have been refined
and reprocessed from used vinyl chloride sheets and tires. Textile department
provides highly moisture-permeable and waterproof fabric for sportswear called
ZAMZA, super light weight ultra thin materials and materials with dark black
color and sophisticated finish. Further, the textile operation segment includes
apparel departments for uniform planning, and includes everything from fabrics
to finished products and marketing.Under Chemical and Machinery business segment,
the company operates six departments, namely, Polyurethane Raw Material,
Specialty Chemicals and Petrochemicals, Industrial Chemicals, Life Science and
Fine Chemicals, Machinery and Performance Materials, and Machinery.
Polyurethane Raw Material Department engages in manufacturing and polyurethane
materials used as cushioning material and thermal insulation. Specialty
Chemicals and Petrochemicals department is engaged in the provision of
monomers, in the United States, Europe, China, Asia, the Near Middle East, and
Central and South America and petrochemical raw materials to major synthetic
fiber and petroleum manufacturers in Japan, China and other Asian countries.
The Industrial Chemicals department provides glass substrate materials used in
flat-panel displays. The department also engaged in import and dealing of
Chinese inorganic fine chemicals internationally, and export domestically
produced inorganic chemicals to Southeast Asia. Life Science and Fine Chemicals
department focuses on importing and marketing protein and sweetener-based food
chemicals, propionic acid and other feed additives, taurine and other energy
drink ingredients. The Machinery segment offers solar battery materials and
other materials for printing and packaging-related bag manufacturers, flat
panel display and cellular phone materials, and monomers. It provides
Japanese-manufactured cars, motorcycles, and specialized vehicles and parts,
and intermediately trades Chinese-manufactured machinery to Central and South
America. The Others buiness segment of the company engages in trilateral
trading business of Automobiles, Vechile parts, machinery parts, and provision
of related services. Chori also involves in provision of real estate services.
In the chemicals & mechanical, with imports of organic raw materials and
polyurethane materials from Japan into China and exports of inorganic fine
chemicals from China into Japan on the increase, China is quickly becoming more
industrialized.Chori’s wholly owned subsidiaries include, Tokyo Kutsushita
Co., Ltd, Tohcho Co., Limited, Chori Urban Development Co., Ltd, Chori (China)
Co., Ltd., Chori Co., (Hong Kong) Ltd., Chori Middle East Fze, Thai Chori Co.,
Ltd., Chori Europe GmbH, Chori America, Inc., and Chori Singapore Pte Ltd.
Geographically the company’s operates its operation is the following regions
namely, Asia, Europe, the US and Africa.The company planned to takeover all the
businesses from a wholly owned subsidiary, which is engaged in information and
system service business, as well as related planning business.
Chori Co., Ltd.
(Chori) is a Japanese company. It operates in four business segments, namely,
Textile, Chemical products, Machinery and Others segment. The textile business
segment provides textiles materials and textile goods which includes ZAMZA
water proof product, super lightweight and ultra thin material. The chemical
product segment manufactures and exports polyurethane materials, industrial
chemicals, fine chemicals, specialty chemicals and petrochemicals. The
Machinery segment manufactures and exports solar battery materials, organic
intermediates, materials for printing. The Others segment is involved in the
provision of telecommunications equipment, real estate and other services.
Chori conducts its operations through its subsidiaries located in Japan, China,
UAE, Saudi Arabia, Thailand, the US, Malaysia, Germany, Chile, Singapore and
many more regions. Chori is headquartered at Kadoma, in Osaka, Japan.The
company reported revenues of (Yen) JPY 217,825.00 million during the fiscal
year ended March 2012, a decrease of 1.91% from 2011. The operating profit of
the company was JPY 5,875.00 million during the fiscal year 2012, an increase
of 12.57% over 2011. The net profit of the company was JPY 3,498.00 million
during the fiscal year 2012, a decrease of 34.92% from 2011.
Chori (Japan) is a textile manufacturer.
Trading Companies
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Corporate Family |
Corporate
Structure News: |
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Toray
Industries Inc |
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Chori Co Ltd |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Tokyo |
Japan |
Textiles - Non Apparel |
20,118.8 |
40,227 |
|
|
Subsidiary |
Bangkok |
Thailand |
Apparel and Accessories |
236.4 |
2,448 |
|
|
Subsidiary |
Prai, Penang |
Malaysia |
Textiles - Non Apparel |
137.8 |
2,000 |
|
|
Subsidiary |
Perai, Pulau Pinang |
Malaysia |
Textiles - Non Apparel |
158.3 |
1,698 |
|
|
Subsidiary |
Tokyo, Chuo-ku |
Japan |
Miscellaneous Capital Goods |
317.1 |
1,524 |
|
|
Subsidiary |
Songnam, Kyonggi-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
14.3 |
51 |
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Construction Services |
169.8 |
|
|
|
Subsidiary |
Otsu, Shiga |
Japan |
Construction Services |
148.8 |
|
|
|
Subsidiary |
Mishima, Shizuoka |
Japan |
Construction Services |
33.8 |
|
|
|
Subsidiary |
Gumi-si, Gyeongsangbuk-do |
Korea, Republic of |
Chemicals - Plastics and Rubber |
1,157.1 |
1,190 |
|
|
Subsidiary |
Osaka-Shi |
Japan |
Textiles - Non Apparel |
2,758.6 |
1,084 |
|
|
Joint Venture |
Bandung |
Indonesia |
Miscellaneous Capital Goods |
|
750 |
|
|
Subsidiary |
Jakarta Selatan |
Indonesia |
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
Khet Bangrak, Bangkok |
Thailand |
Textiles - Non Apparel |
|
100 |
|
|
Subsidiary |
Shanghai |
China |
Investment Services |
|
90 |
|
|
Subsidiary |
Jersey City, NJ |
United States |
Apparel and Accessories |
|
30 |
|
|
Subsidiary |
Bangkok |
Thailand |
Textiles - Non Apparel |
|
20 |
|
|
Subsidiary |
Dalian |
China |
Apparel and Accessories |
|
20 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Business Services |
|
14 |
|
|
Branch |
Taipei City, Taipei |
Taiwan |
Apparel and Accessories |
|
10 |
|
|
Subsidiary |
Singapore |
Singapore |
Textiles - Non Apparel |
2.0 |
9 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Textiles - Non Apparel |
1.7 |
5 |
|
|
Subsidiary |
Sydney |
Australia |
Investment Services |
|
3 |
|
|
Subsidiary |
Frankfurt |
Germany |
Textiles - Non Apparel |
|
3 |
|
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Apparel and Accessories |
5.4 |
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Yokohama |
Japan |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tianjin |
China |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Chongqing, Dazu |
China |
Construction - Supplies and Fixtures |
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|
Subsidiary |
Hong Kong |
Hong Kong |
Investment Services |
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Joint Venture |
Shanghai |
China |
Apparel and Accessories |
|
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Joint Venture |
Hangzhou |
China |
Apparel and Accessories |
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Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Apparel) |
|
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|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
|
|
|
Subsidiary |
Dalian |
China |
Business Services |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Business Services |
|
|
|
|
Joint Venture |
Shanghai |
China |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Kowloon |
Hong Kong |
Investment Services |
|
|
|
|
Subsidiary |
Prai, Penang |
Malaysia |
Business Services |
|
1,000 |
|
|
Subsidiary |
Nantong, Jiangsu |
China |
Chemicals - Plastics and Rubber |
|
1,000 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemicals - Plastics and Rubber |
1.0 |
900 |
|
|
Subsidiary |
Prai, Penang |
Malaysia |
Chemicals - Plastics and Rubber |
|
900 |
|
|
Subsidiary |
Tokyo |
Japan |
Containers and Packaging |
|
860 |
|
|
Subsidiary |
Kaohsiung |
Taiwan |
Photography |
|
|
|
|
Subsidiary |
Mishima, Shizuoka |
Japan |
Containers and Packaging |
|
|
|
|
Facility |
Izunokuni, Shizuoka |
Japan |
Containers and Packaging |
|
|
|
|
Subsidiary |
North Kingstown, RI |
United States |
Fabricated Plastic and Rubber |
75.0 |
800 |
|
|
Branch |
Front Royal, VA |
United States |
Fabricated Plastic and Rubber |
24.6 |
90 |
|
|
Branch |
Granville, OH |
United States |
Retail (Specialty) |
1.2 |
6 |
|
|
Subsidiary |
Zhongshan, Guangdong |
China |
Construction - Supplies and Fixtures |
1.0 |
800 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemicals - Plastics and Rubber |
|
800 |
|
|
Subsidiary |
Bangkok |
Thailand |
Apparel and Accessories |
42.1 |
693 |
|
|
Subsidiary |
Nakhon Chaisi, Nakhon Pathom |
Thailand |
Apparel and Accessories |
|
55 |
|
|
Subsidiary |
Milano, MI |
Italy |
Chemicals - Plastics and Rubber |
130.6 |
566 |
|
|
Subsidiary |
Prai, Penang |
Malaysia |
Apparel and Accessories |
152.9 |
557 |
|
|
Subsidiary |
Urayasu, Chiba |
Japan |
Medical Equipment and Supplies |
356.0 |
500 |
|
|
Subsidiary |
Osaka |
Japan |
Textiles - Non Apparel |
192.1 |
497 |
|
|
Subsidiary |
Shanghai |
China |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Saint-Maurice-de-Beynost |
France |
Fabricated Plastic and Rubber |
|
450 |
|
|
Subsidiary |
Tokyo |
Japan |
Textiles - Non Apparel |
5,251.0 |
444 |
|
|
Subsidiary |
New York, NY |
United States |
Apparel and Accessories |
|
38 |
|
|
Branch |
Blackstone, MA |
United States |
Containers and Packaging |
5.0 |
15 |
|
|
Branch |
Houston, TX |
United States |
Containers and Packaging |
5.0 |
15 |
|
|
Branch |
San Mateo, CA |
United States |
Containers and Packaging |
1.7 |
5 |
|
|
Branch |
Simpsonville, SC |
United States |
Business Services |
0.2 |
1 |
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Apparel and Accessories |
178.6 |
|
|
|
Subsidiary |
Jiangsu |
China |
Containers and Packaging |
1.0 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
190.5 |
441 |
|
|
Subsidiary |
Setagaya-Ku, Tokyo |
Japan |
Construction Services |
41.4 |
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Textiles - Non Apparel |
40.7 |
430 |
|
|
Subsidiary |
Meribel |
France |
Fabricated Plastic and Rubber |
|
423 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
200.9 |
414 |
|
|
Subsidiary |
Tokyo |
Japan |
Security Systems and Services |
76.8 |
400 |
|
|
Subsidiary |
Nantong, Jiangsu |
China |
Chemicals - Plastics and Rubber |
1.0 |
400 |
|
|
Subsidiary |
Urayasu, Chiba |
Japan |
Chemical Manufacturing |
223.2 |
366 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemicals - Plastics and Rubber |
1.0 |
300 |
|
|
Subsidiary |
Tacoma, WA |
United States |
Chemicals - Plastics and Rubber |
|
300 |
|
|
Subsidiary |
Penang |
Malaysia |
Chemicals - Plastics and Rubber |
|
297 |
|
|
Subsidiary |
Abidos |
France |
Chemicals - Plastics and Rubber |
256.2 |
285 |
|
|
Subsidiary |
Prai, Penang |
Malaysia |
Chemicals - Plastics and Rubber |
560.2 |
270 |
|
|
Subsidiary |
Prostejov |
Czech Republic |
Chemicals - Plastics and Rubber |
|
260 |
|
|
Subsidiary |
Kyoto |
Japan |
Textiles - Non Apparel |
|
200 |
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
200 |
|
|
Subsidiary |
Bangkok |
Thailand |
Chemicals - Plastics and Rubber |
|
200 |
|
|
Subsidiary |
Okazaki, Aichi |
Japan |
Miscellaneous Fabricated Products |
|
199 |
|
|
Subsidiary |
Sunto-Gun, Shizuoka |
Japan |
Business Services |
29.8 |
191 |
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
160 |
|
|
Subsidiary |
Okazaki, Aichi |
Japan |
Business Services |
20.3 |
158 |
|
|
Subsidiary |
Okazaki, Aichi |
Japan |
Chemicals - Plastics and Rubber |
|
150 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Consumer Financial Services |
|
130 |
|
|
Subsidiary |
Shanghai |
China |
Chemicals - Plastics and Rubber |
1.0 |
120 |
|
|
Subsidiary |
Shenzhen, Guangdong |
China |
Chemicals - Plastics and Rubber |
|
110 |
|
|
Subsidiary |
Jakarta Selatan |
Indonesia |
Miscellaneous Capital Goods |
25.0 |
100 |
|
|
Subsidiary |
Kowloon, Hong Kong |
Hong Kong |
Chemicals - Plastics and Rubber |
|
100 |
|
|
Subsidiary |
Kowloon, Hong Kong |
Hong Kong |
Chemicals - Plastics and Rubber |
|
100 |
|
|
Subsidiary |
Bangrak, Bangkok |
Thailand |
Textiles - Non Apparel |
|
100 |
|
|
Subsidiary |
Kimch'on, Gyungsanbuk Do |
Korea, Republic of |
Chemicals - Plastics and Rubber |
|
85 |
|
|
Subsidiary |
Kowloon |
Hong Kong |
Textiles - Non Apparel |
1.0 |
75 |
|
|
Subsidiary |
Taipei City, Taipei |
Taiwan |
Consumer Financial Services |
1.0 |
75 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemicals - Plastics and Rubber |
|
75 |
|
|
Subsidiary |
Neu-Isenburg, Hessen |
Germany |
Fabricated Plastic and Rubber |
215.6 |
60 |
|
|
Subsidiary |
London |
United Kingdom |
Personal and Household Products |
56.6 |
17 |
|
|
Subsidiary |
Milan |
Italy |
Medical Equipment and Supplies |
36.7 |
10 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemicals - Plastics and Rubber |
|
50 |
|
|
Subsidiary |
Singapore |
Singapore |
Apparel and Accessories |
|
41 |
|
|
Subsidiary |
New York, NY |
United States |
Electronic Instruments and Controls |
|
40 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
|
38 |
|
|
Subsidiary |
Decatur, AL |
United States |
Chemicals - Plastics and Rubber |
|
150 |
|
|
Subsidiary |
New York, NY |
United States |
Textiles - Non Apparel |
10.0 |
20 |
|
|
Branch |
Fort Mill, SC |
United States |
Containers and Packaging |
3.6 |
11 |
|
|
Subsidiary |
London |
United Kingdom |
Apparel and Accessories |
|
37 |
|
|
Subsidiary |
Neu-Isenburg |
Germany |
Apparel and Accessories |
|
55 |
|
|
Subsidiary |
Singapore |
Singapore |
Apparel and Accessories |
418.4 |
36 |
|
|
Subsidiary |
Tsim Sha Tsui, Kowloon |
Hong Kong |
Apparel and Accessories |
|
35 |
|
|
Subsidiary |
MĂ¼nchenstein, Basle Country |
Switzerland |
Miscellaneous Capital Goods |
|
35 |
|
|
Subsidiary |
Taipei |
Taiwan |
Apparel and Accessories |
1.0 |
30 |
|
|
Subsidiary |
Bangkok |
Thailand |
Apparel and Accessories |
|
30 |
|
|
Subsidiary |
Bangkok |
Thailand |
Apparel and Accessories |
154.0 |
550 |
|
|
Subsidiary |
Kowloon |
Hong Kong |
Business Services |
|
28 |
|
|
Subsidiary |
Urayasu, Chiba |
Japan |
Business Services |
|
25 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemical Manufacturing |
|
18 |
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
1.0 |
15 |
|
|
Subsidiary |
Troy, MI |
United States |
Chemicals - Plastics and Rubber |
|
14 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Textiles - Non Apparel |
25.0 |
12 |
|
|
Subsidiary |
Flower Mound, TX |
United States |
Electronic Instruments and Controls |
1.9 |
10 |
|
|
Subsidiary |
Milan |
Italy |
Apparel and Accessories |
|
9 |
|
|
Subsidiary |
Sao Paulo |
Brazil |
Business Services |
|
7 |
|
|
Subsidiary |
Kowloon |
Hong Kong |
Chemicals - Plastics and Rubber |
|
5 |
|
|
Subsidiary |
St Maurice De Beynost |
France |
Fabricated Plastic and Rubber |
239.3 |
3 |
|
|
Subsidiary |
Poway, CA |
United States |
Office Equipment |
|
3 |
|
|
Branch |
Venice, FL |
United States |
Construction Services |
0.6 |
4 |
|
|
Branch |
Bastrop, TX |
United States |
Construction Services |
0.1 |
1 |
|
|
Branch |
Mound, MN |
United States |
Construction Services |
0.1 |
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
1 |
|
|
Subsidiary |
Urayasu, Chiba |
Japan |
Chemical Manufacturing |
216.0 |
|
|
|
Subsidiary |
Tsim Sha Tsui, Kowloon |
Hong Kong |
Apparel and Accessories |
146.4 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Fabricated Plastic and Rubber |
132.4 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Furniture and Fixtures |
118.4 |
|
|
|
Subsidiary |
Gifu |
Japan |
Personal and Household Products |
117.5 |
|
|
|
Subsidiary |
Gifu, Gifu |
Japan |
Apparel and Accessories |
23.6 |
|
|
|
Subsidiary |
Inazawa, Aichi |
Japan |
Textiles - Non Apparel |
55.2 |
|
|
|
Subsidiary |
Tsim Sha Tsui, Kowloon |
Hong Kong |
Fabricated Plastic and Rubber |
46.2 |
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Business Services |
30.2 |
|
|
|
Subsidiary |
Ishikawa |
Japan |
Chemicals - Plastics and Rubber |
3.0 |
|
|
|
Subsidiary |
Ch'onan, Chung-Nam |
Korea, Republic of |
Chemicals - Plastics and Rubber |
1.0 |
|
|
|
Subsidiary |
Jiangsu |
China |
Textiles - Non Apparel |
1.0 |
|
|
|
Subsidiary |
Zhongshan, Guangdong |
China |
Fabricated Plastic and Rubber |
1.0 |
|
|
|
Subsidiary |
Tondabayashi, Osaka |
Japan |
Textiles - Non Apparel |
1.0 |
|
|
|
Subsidiary |
Osaka |
Japan |
Engineering Consultants |
1.0 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Real Estate Operations |
33.0 |
|
|
|
Subsidiary |
Guangdong |
China |
Miscellaneous Capital Goods |
1.0 |
|
|
|
Subsidiary |
Shanghai |
China |
Business Services |
1.0 |
|
|
|
Facility |
Otsu, Shiga |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Otsu, Shiga |
Japan |
Waste Management Services |
|
|
|
|
Subsidiary |
Otsu, Shiga |
Japan |
Trucking |
76.4 |
|
|
|
Subsidiary |
Nishio, Aichi |
Japan |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Nishio, Aichi |
Japan |
Business Services |
4.3 |
95 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Personal Services |
|
|
|
|
Subsidiary |
Decatur, AL |
United States |
Textiles - Non Apparel |
|
|
|
|
Facility |
Shelbyville, IN |
United States |
Chemicals - Plastics and Rubber |
|
|
|
|
Facility |
Nagoya |
Japan |
Auto and Truck Parts |
|
|
|
|
Facility |
Okazaki, Aichi |
Japan |
Textiles - Non Apparel |
|
|
|
|
Facility |
Nomi, Ishikawa |
Japan |
Textiles - Non Apparel |
|
|
|
|
Facility |
Ichihara, Chiba |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Toyama |
Japan |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Joint Venture |
Tangerang, Banten |
Indonesia |
Chemicals - Plastics and Rubber |
|
|
|
|
Facility |
Matsuyama, Ehime |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
|
|
|
|
Subsidiary |
Kowloon |
Hong Kong |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Ogaki, Gifu |
Japan |
Apparel and Accessories |
|
|
|
|
Facility |
Otsu, Shiga |
Japan |
Chemical Manufacturing |
|
|
|
|
Facility |
Matsuyama |
Japan |
Chemical Manufacturing |
|
|
|
|
Facility |
Tokai, Aichi |
Japan |
Chemical Manufacturing |
|
|
|
|
Facility |
Nagoya |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Facility |
Ichihara, Chiba |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Facility |
Gifu |
Japan |
Containers and Packaging |
|
|
|
|
Subsidiary |
Konan, Shiga |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Kakogawa, Hyogo |
Japan |
Containers and Packaging |
|
|
|
|
Facility |
Moriyama, Shiga |
Japan |
Computer Peripherals |
|
|
|
|
Facility |
Tokai, Aichi |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Beijing |
China |
Water Utilities |
|
|
|
|
Subsidiary |
Suzhou |
China |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Taichung |
Taiwan |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Ichihara, Chiba |
Japan |
Construction - Raw Materials |
|
|
|
|
Subsidiary |
Kamakura, Kanagawa |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Urayasu, Chiba |
Japan |
Software and Programming |
|
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Software and Programming |
19.9 |
|
|
|
Subsidiary |
Tsuchiura, Ibaraki |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Otsu, Shiga |
Japan |
Appliance and Tool |
|
|
|
|
Subsidiary |
Inazawa, Aichi |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Matsuyama |
Japan |
Containers and Packaging |
|
|
|
|
Subsidiary |
Cheongwon, Chungcheongbuk-do |
Korea, Republic of |
Office Supplies |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Textiles - Non Apparel |
|
|
|
|
Toray Industries Inc |
Branch |
|
|
|
|
|
|
Subsidiary |
Mansfield |
United Kingdom |
Apparel and Accessories |
21.3 |
161 |
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Kuraray Co Ltd |
Tokyo, Japan |
6,776 |
Public |
|
Nisshinbo Holdings Inc. |
Tokyo, Japan |
22,304 |
Public |
|
Panasonic Corporation |
Kadoma-Shi, Japan |
327,512 |
Public |
|
Sanyo Electric Co Ltd |
Moriguchi, Osaka Pref, Japan |
92,675 |
Public |
|
Tamron Co., Ltd. |
Saitama-Shi, Japan |
6,005 |
Public |
|
Toyobo Co Ltd |
Osaka-Shi, Japan |
10,479 |
Public |
Executive report
|
Board of
Directors |
|
|
|
|
|||||||||
|
Executive Vice President, Vice President, Chairman of Operation
Council, Representative Director |
Chairman |
|
|||||||||
|
||||||||||||
|
Managing Director, Executive Officer, Chief Director of Operation
Strategy |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Chairman & General Manager of Subsidiaries,
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Director, Executive Officer, Chief Director of Fabric
Material |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Director, Executive Officer, Chief Director of Administration,
Manager of Overseas Business Promotion Office |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Director/Board Member |
|
|
||||||||
|
Managing Director, Executive Officer, Chief Director of Chemical
Product, Equipment & Electrical Device Material |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Chief Director of Fabric Product, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
President, Executive President, Chief Executive Officer, Chief
Operating Officer, Representative Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
Executives |
|
|
|
|
|||||||||
|
President & Chief Executive Officer |
Chief Executive Officer |
|
|||||||||
|
President, Executive President, Chief Executive Officer, Chief
Operating Officer, Representative Director |
Chief Executive Officer |
|
|||||||||
|
||||||||||||
|
President |
President |
|
|
||||||||
|
Managing Director, Executive Officer, Chief Director of Operation
Strategy |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Managing Director, Executive Officer, Chief Director of Fabric
Material |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Managing Director, Executive Officer, Chief Director of
Administration, Manager of Overseas Business Promotion Office |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Managing Director, Executive Officer, Chief Director of Chemical
Product, Equipment & Electrical Device Material |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Co-Managing Director |
Managing Director |
|
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Executive Vice President, Vice President, Chairman of Operation
Council, Representative Director |
Operations Executive |
|
|
||||||||
|
||||||||||||
|
Co-Executive Officer |
Operations Executive |
|
|
||||||||
|
Co-Auditor |
Finance Executive |
|
|
||||||||
|
Executive Officer-Corporate Planning & Accounting |
Finance Executive |
|
|
||||||||
|
Co-Auditor |
Finance Executive |
|
|
||||||||
|
Co-Auditor |
Finance Executive |
|
|
||||||||
|
Executive Officer, Director of Accountant |
Other |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Deputy Chief Director of Chemicals & Machines
& Electronics, Director of Machines & Industrial Materials |
Other |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Other |
|
|
||||||||
|
Executive Officer, Deputy Chief Director of Fabric Material, Manager
of Hokuriku Office |
Other |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Other |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Deputy Chief Director of Chemical Product,
Equipment & Electrical Device Material |
Other |
|
|
||||||||
|
||||||||||||
|
Director of Human Resources and General Affairs |
Other |
|
|
||||||||
|
Vice President |
Other |
|
|
||||||||
|
Executive Officer, Deputy Chief Director of Fabric Product, Director
of Uniform |
Other |
|
|
||||||||
Significant Developments
MegaChem Ltd Announces Strategic Partnership Agreement With Chori Co Ltd Oct 23, 2012
MegaChem Ltd announced that it has entered into a strategic partnership agreement (SPA) with Japanese group, Chori Co. Ltd. (Chori or Chori Group), for the mutual expansion of both parties' chemicals business through the tapping of respective marketing and network.
Chori Co Ltd Completes Liquidation of Subsidiary Aug 14, 2012
Chori Co Ltd announced that it has completed the liquidation of a wholly owned subsidiary, which is engaged in real estate related business, effective July 26, 2012.
Chori Co., Ltd. Announces Partial Change to Article of Incorporation of Authorized Share Number May 15, 2012
Chori Co., Ltd. announced that it has decided to merge its stock from ten shares into one share, effective October 1, 2012. Following this, the Company has received approval from its Board of Directors to make partial change to its article of incorporation, subjected to the shareholders approval during the shareholders meeting on June 13, 2012. Based on change to article five, the Company will change the number of its total shares to be possibly issued from 580 million shares( 550 million shares of common stock) to 58 million shares(55 million shares of common stock), effective October 1, 2012.
Chori Co., Ltd. Announces Year-end Dividend Payment for FY 2012 May 15, 2012
Chori Co., Ltd. announced that it has decided to pay a JPY 2.90 per share(JPY 724 million in total) year-end dividend, in line with its latest dividend forecast of JPY 2.90 per share announced on April 23, 2012, to all the shareholders as a record of March 31, 2012. The dividend will be paid on June 14, 2012.
Chori Co., Ltd. to Repurchase Shares; Raises Year-end Dividend Outlook
for FY Ended March 2012 Apr 23, 2012
Chori Co., Ltd. announced that it will repurchase up to JPY 1,200 million or up to 10,000,000 of its common stock, or approximately 4.0% of its total shares outstanding. The share repurchase will be conducted during the period from April 23, 2012 to April 22, 2013. The Company also raised its year-end dividend outlook from JPY 2.00 per share, which was announced on April 25, 2011, to JPY 2.90 per share, for the fiscal year ended March 2012.
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 |
Deloitte Touche
Tohmatsu CPA Ltd. |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
2,758.6 |
2,591.6 |
2,056.7 |
2,219.4 |
2,205.5 |
|
Revenue |
2,758.6 |
2,591.6 |
2,056.7 |
2,219.4 |
2,205.5 |
|
Total Revenue |
2,758.6 |
2,591.6 |
2,056.7 |
2,219.4 |
2,205.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
2,505.1 |
2,371.9 |
1,860.1 |
2,020.8 |
2,015.6 |
|
Cost of Revenue, Total |
2,505.1 |
2,371.9 |
1,860.1 |
2,020.8 |
2,015.6 |
|
Gross Profit |
253.5 |
219.6 |
196.6 |
198.6 |
189.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
123.5 |
108.5 |
99.9 |
96.9 |
94.7 |
|
Labor & Related Expense |
55.1 |
50.7 |
46.2 |
43.6 |
41.6 |
|
Total Selling/General/Administrative Expenses |
178.6 |
159.2 |
146.1 |
140.5 |
136.3 |
|
Amortization of Acquisition Costs |
-0.8 |
-0.7 |
-0.2 |
0.0 |
- |
|
Depreciation/Amortization |
-0.8 |
-0.7 |
-0.2 |
0.0 |
- |
|
Impairment-Assets Held for Use |
- |
- |
- |
- |
0.0 |
|
Impairment-Assets Held for Sale |
0.3 |
3.2 |
1.0 |
1.8 |
0.6 |
|
Other Unusual Expense (Income) |
1.1 |
-3.0 |
-2.4 |
0.6 |
4.1 |
|
Unusual Expense (Income) |
1.3 |
0.2 |
-1.3 |
2.4 |
4.7 |
|
Total Operating Expense |
2,684.2 |
2,530.6 |
2,004.7 |
2,163.7 |
2,156.5 |
|
|
|
|
|
|
|
|
Operating Income |
74.4 |
60.9 |
52.0 |
55.7 |
49.0 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-1.6 |
-1.1 |
-1.0 |
-2.6 |
-4.4 |
|
Interest Expense, Net Non-Operating |
-1.6 |
-1.1 |
-1.0 |
-2.6 |
-4.4 |
|
Interest Income -
Non-Operating |
1.1 |
1.1 |
1.1 |
1.3 |
1.8 |
|
Investment Income -
Non-Operating |
1.6 |
0.9 |
0.9 |
3.1 |
2.4 |
|
Interest/Investment Income - Non-Operating |
2.7 |
2.0 |
1.9 |
4.4 |
4.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
1.1 |
0.9 |
0.9 |
1.8 |
-0.2 |
|
Gain (Loss) on Sale of Assets |
-1.7 |
-1.6 |
-1.8 |
-6.2 |
-7.3 |
|
Other Non-Operating Income (Expense) |
2.7 |
1.6 |
1.9 |
3.0 |
1.4 |
|
Other, Net |
2.7 |
1.6 |
1.9 |
3.0 |
1.4 |
|
Income Before Tax |
76.5 |
61.8 |
53.0 |
54.2 |
42.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
32.1 |
-1.0 |
21.2 |
21.5 |
17.6 |
|
Income After Tax |
44.4 |
62.8 |
31.8 |
32.7 |
25.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
-0.1 |
-0.3 |
-0.6 |
-0.1 |
|
Net Income Before Extraord Items |
44.3 |
62.7 |
31.5 |
32.2 |
25.3 |
|
Net Income |
44.3 |
62.7 |
31.5 |
32.2 |
25.3 |
|
|
|
|
|
|
|
|
Preferred Dividends |
0.1 |
- |
- |
- |
- |
|
Miscellaneous Earnings Adjustment |
-0.2 |
-0.4 |
-0.4 |
-0.7 |
-0.6 |
|
Total Adjustments to Net Income |
-0.1 |
-0.4 |
-0.4 |
-0.7 |
-0.6 |
|
Income Available to Common Excl Extraord Items |
44.2 |
62.3 |
31.1 |
31.5 |
24.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
44.2 |
62.3 |
31.1 |
31.5 |
24.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
23.9 |
23.8 |
23.2 |
22.1 |
20.5 |
|
Basic EPS Excl Extraord Items |
1.85 |
2.62 |
1.34 |
1.42 |
1.20 |
|
Basic/Primary EPS Incl Extraord Items |
1.85 |
2.62 |
1.34 |
1.42 |
1.20 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.6 |
|
Diluted Net Income |
44.2 |
62.3 |
31.1 |
31.5 |
25.2 |
|
Diluted Weighted Average Shares |
24.1 |
25.2 |
24.5 |
25.2 |
23.6 |
|
Diluted EPS Excl Extraord Items |
1.83 |
2.48 |
1.27 |
1.25 |
1.07 |
|
Diluted EPS Incl Extraord Items |
1.83 |
2.48 |
1.27 |
1.25 |
1.07 |
|
Dividends per Share - Common Stock Primary Issue |
0.37 |
0.23 |
0.22 |
0.20 |
0.00 |
|
Gross Dividends - Common Stock |
9.2 |
5.6 |
5.1 |
4.4 |
0.0 |
|
Interest Expense, Supplemental |
1.6 |
1.1 |
1.0 |
2.6 |
4.4 |
|
Depreciation, Supplemental |
2.3 |
2.1 |
2.5 |
2.4 |
2.6 |
|
Total Special Items |
2.3 |
1.1 |
0.3 |
8.7 |
11.9 |
|
Normalized Income Before Tax |
78.8 |
62.9 |
53.2 |
62.9 |
54.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
1.3 |
0.6 |
0.2 |
3.4 |
4.9 |
|
Inc Tax Ex Impact of Sp Items |
33.4 |
-0.4 |
21.3 |
24.9 |
22.5 |
|
Normalized Income After Tax |
45.4 |
63.3 |
31.9 |
38.0 |
32.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
45.2 |
62.8 |
31.1 |
36.7 |
31.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.89 |
2.63 |
1.34 |
1.66 |
1.55 |
|
Diluted Normalized EPS |
1.88 |
2.50 |
1.27 |
1.46 |
1.37 |
|
Amort of Acquisition Costs, Supplemental |
-0.8 |
-0.7 |
-0.2 |
0.0 |
- |
|
Research & Development Exp, Supplemental |
1.6 |
1.7 |
2.4 |
2.1 |
1.2 |
|
Reported Operating Profit |
74.9 |
60.4 |
50.5 |
58.1 |
54.2 |
|
Reported Ordinary Profit |
77.5 |
62.4 |
50.9 |
59.9 |
49.9 |
|
Normalized EBIT |
75.7 |
61.1 |
50.6 |
58.1 |
53.7 |
|
Normalized EBITDA |
77.3 |
62.5 |
53.0 |
60.5 |
56.2 |
|
Current Tax - Total |
27.6 |
- |
- |
- |
- |
|
Current Tax - Total |
27.6 |
- |
- |
- |
- |
|
Deferred Tax - Total |
4.5 |
- |
- |
- |
- |
|
Deferred Tax - Total |
4.5 |
- |
- |
- |
- |
|
Income Tax - Total |
32.1 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
0.4 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Service Cost - Domestic |
1.3 |
1.1 |
1.0 |
1.2 |
1.3 |
|
Prior Service Cost - Domestic |
-1.1 |
-1.0 |
-0.6 |
-0.6 |
-0.5 |
|
Actuarial Gains and Losses - Domestic |
1.4 |
1.3 |
0.9 |
0.9 |
0.8 |
|
Transition Costs - Domestic |
1.7 |
1.6 |
1.4 |
1.3 |
1.2 |
|
Domestic Pension Plan Expense |
1.7 |
1.5 |
1.4 |
1.5 |
1.7 |
|
Total Pension Expense |
1.7 |
1.5 |
1.4 |
1.5 |
1.7 |
|
Discount Rate - Domestic |
1.10% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
0.4 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Total Plan Service Cost |
1.3 |
1.1 |
1.0 |
1.2 |
1.3 |
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 |
Deloitte Touche
Tohmatsu CPA Ltd. |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
74.2 |
71.3 |
76.6 |
62.4 |
72.2 |
|
Cash and Short Term Investments |
74.2 |
71.3 |
76.6 |
62.4 |
72.2 |
|
Accounts Receivable -
Trade, Gross |
474.1 |
424.6 |
317.2 |
278.6 |
368.8 |
|
Provision for Doubtful
Accounts |
-0.5 |
-0.9 |
-4.1 |
-6.0 |
-6.7 |
|
Trade Accounts Receivable - Net |
473.5 |
423.7 |
313.1 |
272.6 |
362.0 |
|
Total Receivables, Net |
473.5 |
423.7 |
313.1 |
272.6 |
362.0 |
|
Inventories - Finished Goods |
123.9 |
116.0 |
73.4 |
90.0 |
98.2 |
|
Inventories - Work In Progress |
0.9 |
0.7 |
1.0 |
0.7 |
1.0 |
|
Inventories - Raw Materials |
0.6 |
0.2 |
0.5 |
0.4 |
1.7 |
|
Total Inventory |
125.4 |
116.9 |
74.9 |
91.0 |
100.9 |
|
Deferred Income Tax - Current Asset |
5.1 |
9.5 |
3.7 |
13.7 |
8.2 |
|
Other Current Assets |
50.5 |
80.5 |
72.1 |
46.7 |
82.4 |
|
Other Current Assets, Total |
55.6 |
90.0 |
75.9 |
60.5 |
90.6 |
|
Total Current Assets |
728.7 |
701.8 |
540.4 |
486.5 |
625.7 |
|
|
|
|
|
|
|
|
Buildings |
2.1 |
2.5 |
2.0 |
1.9 |
4.6 |
|
Land/Improvements |
- |
0.3 |
0.3 |
0.3 |
0.7 |
|
Machinery/Equipment |
16.8 |
15.5 |
15.3 |
14.1 |
21.9 |
|
Construction in
Progress |
0.2 |
- |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
19.0 |
18.3 |
17.6 |
16.2 |
27.2 |
|
Accumulated Depreciation |
-12.4 |
-11.8 |
-12.1 |
-10.2 |
-17.9 |
|
Property/Plant/Equipment - Net |
6.6 |
6.4 |
5.5 |
6.0 |
9.2 |
|
Intangibles, Net |
0.8 |
1.0 |
1.0 |
1.1 |
1.2 |
|
LT Investment - Affiliate Companies |
16.7 |
- |
- |
- |
- |
|
LT Investments - Other |
40.7 |
36.1 |
34.1 |
22.6 |
30.6 |
|
Long Term Investments |
57.4 |
36.1 |
34.1 |
22.6 |
30.6 |
|
Note Receivable - Long Term |
0.7 |
0.5 |
0.9 |
0.7 |
1.3 |
|
Deferred Income Tax - Long Term Asset |
5.9 |
6.3 |
4.7 |
4.8 |
30.3 |
|
Other Long Term Assets |
18.9 |
24.7 |
24.4 |
28.7 |
31.3 |
|
Other Long Term Assets, Total |
24.8 |
30.9 |
29.1 |
33.5 |
61.6 |
|
Total Assets |
818.9 |
776.8 |
611.1 |
550.5 |
729.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
345.8 |
384.7 |
304.3 |
298.8 |
470.5 |
|
Accrued Expenses |
6.9 |
6.1 |
5.9 |
5.9 |
5.5 |
|
Notes Payable/Short Term Debt |
5.6 |
3.3 |
4.0 |
9.8 |
11.8 |
|
Income Taxes Payable |
25.1 |
2.5 |
9.8 |
1.1 |
1.8 |
|
Other Current Liabilities |
67.7 |
50.4 |
39.8 |
31.1 |
54.1 |
|
Other Current liabilities, Total |
92.8 |
52.8 |
49.6 |
32.1 |
55.9 |
|
Total Current Liabilities |
451.1 |
446.9 |
363.8 |
346.6 |
543.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
- |
- |
- |
0.0 |
0.0 |
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
5.6 |
3.3 |
4.0 |
9.8 |
11.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interest |
1.5 |
2.2 |
1.9 |
4.8 |
6.6 |
|
Pension Benefits - Underfunded |
17.3 |
15.5 |
13.0 |
12.2 |
12.3 |
|
Other Long Term Liabilities |
2.1 |
2.8 |
3.2 |
- |
- |
|
Other Liabilities, Total |
19.4 |
18.3 |
16.2 |
12.2 |
12.3 |
|
Total Liabilities |
472.0 |
467.4 |
381.9 |
363.7 |
562.6 |
|
|
|
|
|
|
|
|
Convertible Preferred Stock - Non Redeemable |
14.3 |
14.2 |
12.6 |
25.4 |
25.2 |
|
Preferred Stock - Non Redeemable, Net |
14.3 |
14.2 |
12.6 |
25.4 |
25.2 |
|
Common Stock |
75.4 |
75.0 |
66.5 |
56.2 |
55.7 |
|
Common Stock |
75.4 |
75.0 |
66.5 |
56.2 |
55.7 |
|
Additional Paid-In Capital |
13.5 |
13.4 |
11.9 |
4.5 |
4.5 |
|
Retained Earnings (Accumulated Deficit) |
271.3 |
233.7 |
155.3 |
122.6 |
90.0 |
|
Treasury Stock - Common |
-0.5 |
-0.5 |
-0.4 |
-0.4 |
-0.3 |
|
Unrealized Gain (Loss) |
-2.4 |
-3.5 |
-2.1 |
-6.5 |
-4.6 |
|
Translation Adjustment |
-24.7 |
-22.9 |
-14.6 |
-15.0 |
-3.4 |
|
Other Equity, Total |
-24.7 |
-22.9 |
-14.6 |
-15.0 |
-3.4 |
|
Total Equity |
346.9 |
309.4 |
229.1 |
186.8 |
167.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
818.9 |
776.9 |
611.1 |
550.5 |
729.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
25.0 |
23.8 |
23.8 |
22.1 |
22.1 |
|
Total Common Shares Outstanding |
25.0 |
23.8 |
23.8 |
22.1 |
22.1 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
- |
- |
- |
- |
0.0 |
|
Shares Outstanding - Preferred Stock Issue 2 |
- |
- |
0.0 |
2.7 |
2.7 |
|
Shares Outstanding - Preferred Stock Issue 3 |
- |
1.8 |
1.8 |
1.8 |
1.8 |
|
Shares Outstanding - Preferred Stock Issue 4 |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Total Preferred Stock Outstanding |
0.6 |
2.4 |
2.4 |
5.0 |
5.0 |
|
Treasury Shares - Preferred Issue 2 |
- |
- |
0.0 |
0.0 |
- |
|
Treasury Shares - Preferred Issue 4 |
0.0 |
- |
- |
- |
- |
|
Employees |
1,084 |
1,113 |
1,137 |
1,146 |
1,452 |
|
Number of Common Shareholders |
10,380 |
10,725 |
8,820 |
9,226 |
9,266 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
- |
0.3 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
- |
0.3 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
- |
0.0 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
- |
0.0 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
- |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
- |
0.0 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
- |
0.0 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
- |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
- |
- |
0.0 |
|
Pension Obligation - Domestic |
25.2 |
24.0 |
22.0 |
21.9 |
23.9 |
|
Funded Status - Domestic |
-25.2 |
-24.0 |
-22.0 |
-21.9 |
-23.9 |
|
Total Funded Status |
-25.2 |
-24.0 |
-22.0 |
-21.9 |
-23.9 |
|
Discount Rate - Domestic |
1.10% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Accrued Liabilities - Domestic |
-15.4 |
-14.1 |
-11.8 |
-10.9 |
-11.2 |
|
Other Assets, Net - Domestic |
9.9 |
9.9 |
10.3 |
11.1 |
12.6 |
|
Total Plan Obligations |
25.2 |
24.0 |
22.0 |
21.9 |
23.9 |
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 |
Deloitte Touche
Tohmatsu CPA Ltd. |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
76.5 |
61.8 |
52.9 |
54.2 |
42.9 |
|
Depreciation |
2.3 |
2.1 |
2.5 |
2.4 |
2.6 |
|
Depreciation/Depletion |
2.3 |
2.1 |
2.5 |
2.4 |
2.6 |
|
Amortization of Acquisition Costs |
-0.8 |
-0.7 |
- |
- |
- |
|
Amortization |
-0.8 |
-0.7 |
- |
- |
- |
|
Unusual Items |
-0.5 |
3.4 |
0.1 |
3.0 |
3.0 |
|
Equity in Net Earnings (Loss) |
0.5 |
-0.1 |
0.8 |
-0.2 |
-1.0 |
|
Other Non-Cash Items |
-0.6 |
-1.9 |
-4.8 |
1.4 |
-0.8 |
|
Non-Cash Items |
-0.6 |
1.4 |
-4.0 |
4.1 |
1.3 |
|
Accounts Receivable |
-46.8 |
-74.8 |
-22.8 |
81.8 |
8.7 |
|
Inventories |
-8.3 |
-32.3 |
21.6 |
6.6 |
-4.5 |
|
Other Assets |
-6.1 |
-1.3 |
-6.2 |
8.8 |
2.2 |
|
Accounts Payable |
-42.6 |
44.2 |
-11.8 |
-162.1 |
22.7 |
|
Other Liabilities |
18.3 |
5.4 |
6.8 |
-12.4 |
9.2 |
|
Other Operating Cash Flow |
4.2 |
-18.5 |
-0.2 |
-5.6 |
1.1 |
|
Changes in Working Capital |
-81.2 |
-77.4 |
-12.6 |
-82.8 |
39.3 |
|
Cash from Operating Activities |
-3.8 |
-12.9 |
38.9 |
-22.1 |
86.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2.4 |
-1.8 |
-1.4 |
-3.2 |
-1.1 |
|
Purchase/Acquisition of Intangibles |
-0.2 |
-0.4 |
-0.3 |
-0.4 |
-0.5 |
|
Capital Expenditures |
-2.6 |
-2.1 |
-1.7 |
-3.6 |
-1.6 |
|
Sale of Fixed Assets |
0.2 |
0.0 |
0.2 |
0.3 |
3.7 |
|
Sale/Maturity of Investment |
1.7 |
0.4 |
2.6 |
1.6 |
2.5 |
|
Investment, Net |
- |
- |
0.0 |
-2.8 |
0.0 |
|
Purchase of Investments |
-12.9 |
-1.4 |
-7.7 |
0.0 |
- |
|
Other Investing Cash Flow |
-1.0 |
-0.3 |
0.9 |
3.2 |
-2.0 |
|
Other Investing Cash Flow Items, Total |
-12.0 |
-1.3 |
-4.0 |
2.2 |
4.2 |
|
Cash from Investing Activities |
-14.6 |
-3.4 |
-5.7 |
-1.4 |
2.6 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
|
Financing Cash Flow Items |
0.0 |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
|
Cash Dividends Paid - Common |
-6.4 |
-5.9 |
-5.5 |
-0.6 |
-1.8 |
|
Total Cash Dividends Paid |
-6.4 |
-5.9 |
-5.5 |
-0.6 |
-1.8 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
0.0 |
0.0 |
-73.2 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
-73.2 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
-73.2 |
|
Short Term Debt, Net |
2.4 |
-1.2 |
-6.4 |
1.4 |
-3.6 |
|
Long Term Debt Issued |
- |
- |
- |
- |
0.0 |
|
Long Term Debt
Reduction |
- |
- |
0.0 |
-0.1 |
-0.2 |
|
Long Term Debt, Net |
- |
- |
0.0 |
-0.1 |
-0.2 |
|
Issuance (Retirement) of Debt, Net |
2.4 |
-1.2 |
-6.4 |
1.3 |
-3.8 |
|
Cash from Financing Activities |
-4.0 |
-7.3 |
-12.0 |
0.5 |
-79.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-3.0 |
0.4 |
-7.0 |
0.2 |
|
Net Change in Cash |
-23.2 |
-26.5 |
21.6 |
-30.0 |
9.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
111.9 |
129.6 |
97.9 |
120.5 |
96.0 |
|
Net Cash - Ending Balance |
88.7 |
103.1 |
119.5 |
90.5 |
105.9 |
|
Cash Interest Paid |
1.7 |
1.1 |
0.9 |
2.5 |
4.4 |
|
Cash Taxes Paid |
-0.4 |
16.7 |
1.9 |
2.1 |
2.4 |
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 |
Deloitte Touche
Tohmatsu CPA Ltd. |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
2,758.6 |
2,591.6 |
2,056.7 |
2,219.4 |
2,205.5 |
|
Total Revenue |
2,758.6 |
2,591.6 |
2,056.7 |
2,219.4 |
2,205.5 |
|
|
|
|
|
|
|
|
Cost of sales |
2,505.1 |
2,371.9 |
1,860.1 |
2,020.8 |
2,015.6 |
|
Other Selling/General/Admin. Expense |
97.6 |
- |
- |
- |
- |
|
Delivery expenses |
25.9 |
21.9 |
19.0 |
18.6 |
17.9 |
|
Provision for doubtful accounts (SGA) |
0.0 |
0.0 |
1.1 |
1.5 |
- |
|
Payrolls |
44.1 |
41.3 |
37.5 |
35.0 |
33.4 |
|
Provision for bonuses |
6.7 |
5.6 |
5.2 |
5.0 |
4.5 |
|
Periodic retirement benefit costs |
3.7 |
3.3 |
3.1 |
3.1 |
2.8 |
|
Provision for directors' retire benefits |
0.6 |
0.5 |
0.4 |
0.4 |
0.4 |
|
Other SGA Expenses |
- |
86.5 |
79.8 |
76.8 |
76.7 |
|
Gain On Negative Goodwill |
0.0 |
- |
- |
- |
- |
|
Cost related to the anniversary of the e |
0.9 |
- |
- |
- |
- |
|
Other |
0.0 |
- |
- |
- |
- |
|
Other |
0.2 |
- |
- |
- |
- |
|
SP Reversal-reserve for doubtful account |
0.0 |
-3.4 |
-2.4 |
0.0 |
- |
|
SP Rev. G of L on Liquid. of Affili. Res |
- |
- |
0.0 |
-2.9 |
0.0 |
|
SP Rev.-Res. for L on Settlement |
- |
- |
0.0 |
-0.7 |
0.0 |
|
SP Val. Loss-Inv. Sec |
0.0 |
3.1 |
1.0 |
1.5 |
0.6 |
|
SP Loss on disaster |
0.0 |
0.4 |
0.0 |
- |
- |
|
SP Val. Loss-Membership |
0.2 |
0.1 |
0.0 |
0.3 |
0.0 |
|
SP Headquarter Relocation/Refit Exp. |
- |
- |
0.0 |
2.6 |
0.0 |
|
SP Oversea Office Relocation Exp. |
- |
- |
0.0 |
1.0 |
0.0 |
|
SP 60th Anniversary Expenses |
- |
- |
0.0 |
0.6 |
0.0 |
|
SP Res. for L on Settlement |
- |
- |
- |
0.0 |
3.6 |
|
SP Reserve for officers retirement |
- |
- |
- |
0.0 |
0.5 |
|
SP Special Retirement |
- |
- |
- |
0.0 |
0.3 |
|
SP Assets impairment losses |
- |
- |
- |
- |
0.0 |
|
SP Reserve for L on Liquid. of Affil. |
- |
- |
- |
0.0 |
0.2 |
|
SP Officer's retirement benefits |
- |
- |
- |
0.0 |
0.1 |
|
NOP Amortization of negative goodwill |
-0.8 |
-0.7 |
-0.2 |
0.0 |
- |
|
Total Operating Expense |
2,684.2 |
2,530.6 |
2,004.7 |
2,163.7 |
2,156.5 |
|
|
|
|
|
|
|
|
Foreign exchange gains |
0.1 |
- |
- |
- |
- |
|
SP Sale Gain-Invest.Sec |
0.8 |
0.2 |
0.6 |
0.0 |
1.4 |
|
SP Sale Gain-Fixed Asset |
- |
0.0 |
0.0 |
0.1 |
0.3 |
|
Gain on sales of subsidiaries and affili |
- |
0.0 |
0.6 |
0.0 |
- |
|
SP L on sale of affiliated securities |
0.0 |
-0.4 |
-0.2 |
-1.1 |
0.0 |
|
SP Dispo.Loss-Fixed Assets |
-0.4 |
-0.2 |
-0.3 |
-2.2 |
-3.2 |
|
SP Sale Loss-Invest.Sec |
- |
0.0 |
0.0 |
-0.1 |
-0.2 |
|
NOP Interest Income |
1.1 |
1.1 |
1.1 |
1.3 |
1.8 |
|
NOP Dividends Income |
1.2 |
1.2 |
0.9 |
0.8 |
0.9 |
|
NOP Equity in Earnings |
- |
0.1 |
0.0 |
0.2 |
1.0 |
|
NOP Foreign exchange gains |
- |
- |
0.0 |
2.1 |
0.0 |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP G on Liquid. of Accts. Payable |
1.5 |
1.7 |
2.1 |
3.3 |
0.0 |
|
NOP Other Non-op. Income |
3.2 |
2.1 |
1.3 |
1.2 |
5.0 |
|
NOP Interest Expenses |
-1.6 |
-1.1 |
-1.0 |
-2.6 |
-4.4 |
|
NOP Sale Loss-Bill |
-1.3 |
-1.1 |
-1.3 |
-3.0 |
-4.4 |
|
NOP Sales Discount Expenses |
-1.2 |
-1.0 |
-1.0 |
-1.0 |
0.0 |
|
NOP Equity in Loss |
-0.5 |
0.0 |
-0.8 |
0.0 |
- |
|
NOP Foreign exchange losses |
0.0 |
-0.7 |
-0.5 |
0.0 |
-0.6 |
|
NOP Other Non-op.Expense |
-0.9 |
-1.3 |
-0.5 |
-0.5 |
-3.6 |
|
Net Income Before Taxes |
76.5 |
61.8 |
53.0 |
54.2 |
42.9 |
|
|
|
|
|
|
|
|
Total income taxes |
32.1 |
-1.0 |
21.2 |
21.5 |
17.6 |
|
Net Income After Taxes |
44.4 |
62.8 |
31.8 |
32.7 |
25.3 |
|
|
|
|
|
|
|
|
Minority interests in income |
-0.1 |
-0.1 |
-0.3 |
-0.6 |
-0.1 |
|
Net Income Before Extra. Items |
44.3 |
62.7 |
31.5 |
32.2 |
25.3 |
|
Net Income |
44.3 |
62.7 |
31.5 |
32.2 |
25.3 |
|
|
|
|
|
|
|
|
Total Distribution for Prefer Shares |
0.1 |
- |
- |
- |
- |
|
Miscellaneous Earnings Adjustment |
-0.2 |
- |
- |
- |
- |
|
Preferred Dividend |
- |
-0.3 |
-0.3 |
-0.7 |
-0.6 |
|
Earning Adjustment |
- |
0.0 |
-0.1 |
0.0 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
44.2 |
62.3 |
31.1 |
31.5 |
24.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
44.2 |
62.3 |
31.1 |
31.5 |
24.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
23.9 |
23.8 |
23.2 |
22.1 |
20.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.85 |
2.62 |
1.34 |
1.42 |
1.20 |
|
Basic EPS Including ExtraOrdinary Item |
1.85 |
2.62 |
1.34 |
1.42 |
1.20 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.6 |
|
Diluted Net Income |
44.2 |
62.3 |
31.1 |
31.5 |
25.2 |
|
Diluted Weighted Average Shares |
24.1 |
25.2 |
24.5 |
25.2 |
23.6 |
|
Diluted EPS Excluding ExtraOrd Items |
1.83 |
2.48 |
1.27 |
1.25 |
1.07 |
|
Diluted EPS Including ExtraOrd Items |
1.83 |
2.48 |
1.27 |
1.25 |
1.07 |
|
DPS-Common Stock |
0.37 |
0.23 |
0.22 |
0.20 |
0.00 |
|
Gross Dividends - Common Stock |
9.2 |
5.6 |
5.1 |
4.4 |
0.0 |
|
Normalized Income Before Taxes |
78.8 |
62.9 |
53.2 |
62.9 |
54.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
33.4 |
-0.4 |
21.3 |
24.9 |
22.5 |
|
Normalized Income After Taxes |
45.4 |
63.3 |
31.9 |
38.0 |
32.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
45.2 |
62.8 |
31.1 |
36.7 |
31.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.89 |
2.63 |
1.34 |
1.66 |
1.55 |
|
Diluted Normalized EPS |
1.88 |
2.50 |
1.27 |
1.46 |
1.37 |
|
Interest Expense |
1.6 |
1.1 |
1.0 |
2.6 |
4.4 |
|
R&D (COGS&SGA) |
1.6 |
1.7 |
2.4 |
2.1 |
1.2 |
|
Amort of Tangible Assets-Current Portion |
2.3 |
- |
- |
- |
- |
|
Depreciation |
- |
2.1 |
2.5 |
2.4 |
2.6 |
|
Amort. of negative goodwill |
-0.8 |
-0.7 |
-0.2 |
0.0 |
- |
|
Income taxes-current |
27.6 |
- |
- |
- |
- |
|
Current Tax - Total |
27.6 |
- |
- |
- |
- |
|
Income taxes-deferred |
4.5 |
- |
- |
- |
- |
|
Deferred Tax - Total |
4.5 |
- |
- |
- |
- |
|
Income Tax - Total |
32.1 |
- |
- |
- |
- |
|
Reported Operating Profit |
74.9 |
60.4 |
50.5 |
58.1 |
54.2 |
|
Reported Ordinary Profit |
77.5 |
62.4 |
50.9 |
59.9 |
49.9 |
|
Service Cost |
1.3 |
1.1 |
1.0 |
1.2 |
1.3 |
|
Interest Cost |
0.4 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Pension Exp. on Acct. Changes |
1.7 |
1.6 |
1.4 |
1.3 |
1.2 |
|
Actuarial G/L |
1.4 |
1.3 |
0.9 |
0.9 |
0.8 |
|
Prior Service Cost |
-1.1 |
-1.0 |
-0.6 |
-0.6 |
-0.5 |
|
Domestic Pension Plan Expense |
1.7 |
1.5 |
1.4 |
1.5 |
1.7 |
|
Total Pension Expense |
1.7 |
1.5 |
1.4 |
1.5 |
1.7 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
1.10% |
- |
- |
- |
- |
|
Discount Rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
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 |
Deloitte Touche
Tohmatsu CPA Ltd. |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash and Deposit |
74.2 |
71.3 |
76.6 |
62.4 |
72.2 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Affiliates' deposits payments |
12.1 |
36.2 |
42.8 |
30.4 |
50.2 |
|
Notes and accounts receivable-trade |
474.1 |
424.6 |
317.2 |
278.6 |
368.8 |
|
Merchandise & Product |
121.3 |
114.0 |
70.5 |
88.2 |
92.1 |
|
Work in Process |
0.9 |
0.7 |
1.0 |
0.7 |
1.0 |
|
Raw Materials & Supplies |
0.6 |
0.2 |
0.5 |
0.4 |
1.7 |
|
Stock in Transit |
2.6 |
2.0 |
2.9 |
1.8 |
6.1 |
|
Dfd. Tax Assets |
5.1 |
9.5 |
3.7 |
13.7 |
8.2 |
|
Other Cur. Asset |
38.3 |
44.3 |
29.3 |
16.4 |
32.1 |
|
Allow. for Doubtful Account |
-0.5 |
-0.9 |
-4.1 |
-6.0 |
-6.7 |
|
Total Current Assets |
728.7 |
701.8 |
540.4 |
486.5 |
625.7 |
|
|
|
|
|
|
|
|
Bldg.& Structure |
2.1 |
2.5 |
2.0 |
1.9 |
4.6 |
|
Accumulated depreciation |
-0.7 |
-0.8 |
-0.6 |
-0.4 |
-2.4 |
|
Machinery, equipment and vehicles |
11.6 |
10.5 |
9.9 |
9.1 |
16.1 |
|
Accumulated depreciation |
-8.0 |
-7.7 |
-7.9 |
-6.8 |
-11.4 |
|
Tools, furniture and fixtures |
5.2 |
5.0 |
5.4 |
5.0 |
5.8 |
|
Accumulated depreciation |
-3.7 |
-3.3 |
-3.6 |
-3.0 |
-4.1 |
|
Land |
- |
0.3 |
0.3 |
0.3 |
0.7 |
|
Construction in progress |
0.2 |
- |
- |
- |
- |
|
Intangible assets |
0.8 |
1.0 |
1.0 |
1.1 |
1.2 |
|
other |
40.7 |
- |
- |
- |
- |
|
Investment Sec. |
- |
36.1 |
34.1 |
22.6 |
30.6 |
|
Long-term loans receivable |
0.7 |
0.5 |
0.9 |
0.7 |
1.3 |
|
Deferred tax assets |
5.9 |
6.3 |
4.7 |
4.8 |
30.3 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
27.8 |
- |
- |
- |
- |
|
Allow. for Doubtful Account |
-8.9 |
-10.9 |
-10.6 |
-11.4 |
-13.1 |
|
Other Assets |
- |
35.6 |
35.0 |
40.1 |
44.4 |
|
Translat. Adjust |
0.0 |
- |
- |
- |
- |
|
Invt Secs Noncons, Asc, Affd Cos |
2.0 |
- |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
14.7 |
- |
- |
- |
- |
|
Other Buildings, Net |
0.0 |
- |
- |
- |
- |
|
Other Plant/machinery, Net |
0.0 |
- |
- |
- |
- |
|
other ppe |
0.0 |
- |
- |
- |
- |
|
Total Assets |
818.9 |
776.8 |
611.1 |
550.5 |
729.7 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
345.8 |
384.7 |
304.3 |
298.8 |
470.5 |
|
Short-term loans payable |
5.6 |
3.3 |
4.0 |
9.8 |
11.8 |
|
Tax Payable |
25.1 |
2.5 |
9.8 |
1.1 |
1.8 |
|
Res. for Bonus |
6.9 |
6.1 |
5.9 |
5.9 |
5.5 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Allow. Uns. Good |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Res. for L on Liquid. of Affili. |
0.5 |
0.5 |
0.4 |
0.2 |
3.8 |
|
Reserve for Litigation Loss |
- |
- |
- |
0.0 |
4.1 |
|
Other Curr. Liab |
67.1 |
49.9 |
39.3 |
30.9 |
46.2 |
|
Total Current Liabilities |
451.1 |
446.9 |
363.8 |
346.6 |
543.7 |
|
|
|
|
|
|
|
|
LT Borrowings |
- |
- |
- |
0.0 |
0.0 |
|
Total Long Term Debt |
- |
- |
- |
0.0 |
0.0 |
|
|
|
|
|
|
|
|
Dfd. Tax Liabs. |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Allow. for Accrued Retirem. |
15.4 |
14.1 |
11.8 |
10.9 |
11.2 |
|
Provision for directors'' retirement ben |
2.0 |
1.4 |
1.2 |
1.3 |
1.0 |
|
Negative goodwill |
2.1 |
2.8 |
3.2 |
- |
- |
|
Minor. Interest |
1.5 |
2.2 |
1.9 |
4.8 |
6.6 |
|
Total Liabilities |
472.0 |
467.4 |
381.9 |
363.7 |
562.6 |
|
|
|
|
|
|
|
|
Common Stock |
75.4 |
75.0 |
66.5 |
56.2 |
55.7 |
|
Preferred Stock |
14.3 |
14.2 |
12.6 |
25.4 |
25.2 |
|
Capital Surplus |
13.5 |
13.4 |
11.9 |
4.5 |
4.5 |
|
Retained earnings |
271.3 |
233.7 |
155.3 |
122.6 |
90.0 |
|
Treasury Stock |
-0.5 |
-0.5 |
-0.4 |
-0.4 |
-0.3 |
|
Valuation difference on available-for-sa |
-3.2 |
-4.2 |
-3.1 |
-7.4 |
-3.1 |
|
Deferred hedge gain/loss |
0.8 |
0.7 |
1.0 |
0.9 |
-1.5 |
|
Translat. Adjust |
-24.7 |
-22.9 |
-14.6 |
-15.0 |
-3.4 |
|
Total Equity |
346.9 |
309.4 |
229.1 |
186.8 |
167.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
818.9 |
776.9 |
611.1 |
550.5 |
729.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
25.0 |
23.8 |
23.8 |
22.1 |
22.1 |
|
Total Common Shares Outstanding |
25.0 |
23.8 |
23.8 |
22.1 |
22.1 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
S/O-Preferred Stock No.1 |
- |
- |
- |
- |
0.0 |
|
S/O-Preferred Stock No.2 |
- |
- |
0.0 |
2.7 |
2.7 |
|
S/O-Preferred Stock No.3 |
- |
1.8 |
1.8 |
1.8 |
1.8 |
|
S/O-Preferred Stock No.4 |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Total Preferred Shares Outstanding |
0.6 |
2.4 |
2.4 |
5.0 |
5.0 |
|
T/S-Preferred Stock No.2 |
- |
- |
0.0 |
0.0 |
- |
|
T/S-Preferred Stock No.4 |
0.0 |
- |
- |
- |
- |
|
Number Of Employees |
1,084 |
- |
- |
- |
- |
|
Full-Time Employees |
- |
1,113 |
1,137 |
1,146 |
1,452 |
|
Total Number of Shareholders |
10,380 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
10,725 |
8,820 |
9,226 |
9,266 |
|
LT Debts Maturing within 1yr. |
- |
- |
- |
- |
0.3 |
|
LT Debts Maturing within 2yr. |
- |
- |
- |
- |
0.0 |
|
LT Debts Maturing within 3yr. |
- |
- |
- |
- |
0.0 |
|
LT Debts Maturing within 4yr. |
- |
- |
- |
- |
0.0 |
|
LT Debts Maturing within 5yr. |
- |
- |
- |
- |
0.0 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
- |
0.3 |
|
Pension Obligation |
25.2 |
24.0 |
22.0 |
21.9 |
23.9 |
|
Unfunded Retirement Benefit Obligation |
-25.2 |
- |
- |
- |
- |
|
Funded Status |
- |
-24.0 |
-22.0 |
-21.9 |
-23.9 |
|
Total Funded Status |
-25.2 |
-24.0 |
-22.0 |
-21.9 |
-23.9 |
|
Discount Rate |
1.10% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expense Unrecog. for Acct. Changes |
4.9 |
6.5 |
7.2 |
8.1 |
9.0 |
|
Unrecognized Actuarial Gains and Losses |
5.0 |
4.5 |
5.0 |
5.3 |
6.6 |
|
Unrecognized Prior Service Cost |
0.0 |
-1.0 |
-1.9 |
-2.3 |
-2.9 |
|
Reserve for Accrued Retirement Benefits |
-15.4 |
-14.1 |
-11.8 |
-10.9 |
-11.2 |
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 |
Deloitte Touche
Tohmatsu CPA Ltd. |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
76.5 |
61.8 |
52.9 |
54.2 |
42.9 |
|
Depreciation |
2.3 |
2.1 |
2.5 |
2.4 |
2.6 |
|
Impairment losses on assets |
- |
- |
- |
- |
0.0 |
|
Amortization Of Negative Goodwill |
-0.8 |
- |
- |
- |
- |
|
Amortization of negative goodwill |
- |
-0.7 |
- |
- |
- |
|
Increase (decrease) in provision for ret |
1.2 |
0.8 |
0.2 |
-0.1 |
-1.9 |
|
Increase (decrease) in provision for dir |
0.6 |
0.0 |
-0.2 |
0.3 |
0.9 |
|
Increase (decrease) in allowance for dou |
-2.5 |
-4.6 |
-3.8 |
-2.4 |
-1.0 |
|
Interest & Dividend Income |
-2.3 |
-2.4 |
-1.9 |
-2.1 |
-2.7 |
|
Interest Expense |
1.6 |
1.1 |
1.0 |
2.6 |
4.4 |
|
Foreign exchange losses (gains) |
0.9 |
3.2 |
-0.4 |
6.7 |
-0.4 |
|
Equity in (earnings) losses of affiliate |
0.5 |
-0.1 |
0.8 |
-0.2 |
-1.0 |
|
Headquarter Relocation/Refit Expenses |
- |
- |
0.0 |
2.6 |
0.0 |
|
Oversea Office Relocation Exp. |
- |
- |
0.0 |
1.0 |
0.0 |
|
60th Anniversary Expenses |
- |
- |
0.0 |
0.6 |
0.0 |
|
L on Val. of Membership |
0.2 |
0.1 |
0.0 |
0.3 |
0.0 |
|
Loss (gain) on sales of investment secur |
-0.8 |
-0.2 |
-0.6 |
0.0 |
-1.1 |
|
Loss (gain) on valuation of investment s |
0.0 |
3.1 |
1.0 |
1.5 |
0.6 |
|
Res. for L on liquidation of affiliated |
- |
0.0 |
0.3 |
-3.6 |
0.2 |
|
Loss (gain) on sales of stocks of subsid |
0.0 |
0.4 |
-0.4 |
1.1 |
0.0 |
|
Res. for L on Litigation |
- |
- |
0.0 |
-4.1 |
3.6 |
|
Decrease (increase) in notes and account |
-49.8 |
-69.2 |
-22.3 |
77.1 |
8.8 |
|
Decrease (increase) in inventories |
-8.3 |
-32.3 |
21.6 |
6.6 |
-4.5 |
|
Increase (decrease) in notes and account |
-42.6 |
44.2 |
-11.8 |
-162.1 |
22.7 |
|
Other Operating Cash Flow |
0.0 |
- |
- |
- |
- |
|
Decrease in cash and cash equivalents re |
-0.4 |
- |
- |
- |
- |
|
Bonuses paid to directors |
- |
- |
- |
- |
0.0 |
|
Decrease (increase) in consumption taxes |
3.0 |
-5.6 |
-0.5 |
4.7 |
-0.2 |
|
Decrease (increase) in other assets |
-6.1 |
-1.3 |
-6.2 |
8.8 |
2.2 |
|
Increase (decrease) in other liabilities |
18.3 |
5.4 |
6.8 |
-12.4 |
9.2 |
|
Other, net |
3.5 |
-3.1 |
0.5 |
-0.9 |
5.3 |
|
Interest & Dividend Rcvd. |
2.5 |
2.4 |
2.0 |
2.5 |
2.7 |
|
Interest Paid |
-1.7 |
-1.1 |
-0.9 |
-2.5 |
-4.4 |
|
Headquarter Relocation & Refit Exp. Paid |
- |
- |
0.0 |
-2.6 |
0.0 |
|
Income taxes (paid) refund |
0.4 |
-16.7 |
-1.9 |
-2.1 |
-2.4 |
|
Consolidation Change |
- |
- |
- |
0.0 |
-0.3 |
|
Adjustment |
- |
-0.1 |
- |
- |
- |
|
Cash from Operating Activities |
-3.8 |
-12.9 |
38.9 |
-22.1 |
86.1 |
|
|
|
|
|
|
|
|
Payments For Investments In Capital |
-6.8 |
- |
- |
- |
- |
|
Payments For Investments In Capital Of S |
-0.9 |
- |
- |
- |
- |
|
Purchase of property, plant and equipmen |
-2.4 |
-1.8 |
-1.4 |
-3.2 |
-1.1 |
|
Proceeds from sales of property, plant a |
0.2 |
0.0 |
0.2 |
0.3 |
3.7 |
|
Intangibles Bought |
-0.2 |
-0.4 |
-0.3 |
-0.4 |
-0.5 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Purchase of investments in subsidiaries |
- |
0.0 |
-0.5 |
0.0 |
- |
|
Inv. Sec. Bought |
-5.2 |
-1.4 |
-7.2 |
0.0 |
- |
|
Inv. Sec. Sold |
1.7 |
0.4 |
2.6 |
1.2 |
2.5 |
|
Outgoing-Sale of Consol. Subs.' Secs. |
- |
- |
0.0 |
-2.8 |
0.0 |
|
Incoming-Sale of Consol. Subs.' Secs. |
- |
- |
0.0 |
0.4 |
0.0 |
|
Sub's Stock Trans |
- |
- |
- |
- |
0.0 |
|
Loans Made |
-0.2 |
-0.1 |
-0.2 |
-1.0 |
-3.6 |
|
Loans Collected |
0.2 |
0.4 |
1.6 |
4.1 |
4.3 |
|
Other, net |
-0.9 |
-0.5 |
-0.4 |
0.1 |
-2.7 |
|
Cash from Investing Activities |
-14.6 |
-3.4 |
-5.7 |
-1.4 |
2.6 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
2.4 |
-1.2 |
-6.4 |
1.4 |
-3.6 |
|
Proceed-LT Debt |
- |
- |
- |
- |
0.0 |
|
LT Debt Repaid |
- |
- |
0.0 |
-0.1 |
-0.2 |
|
Treasury stock purchased |
0.0 |
0.0 |
0.0 |
0.0 |
-73.2 |
|
Dividend Paid |
-6.4 |
-5.9 |
-5.5 |
-0.6 |
-1.8 |
|
Other, net |
0.0 |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
|
Cash from Financing Activities |
-4.0 |
-7.3 |
-12.0 |
0.5 |
-79.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-3.0 |
0.4 |
-7.0 |
0.2 |
|
Net increase (decrease) in cash and cash |
-23.2 |
-26.5 |
21.6 |
-30.0 |
9.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
111.9 |
129.6 |
97.9 |
120.5 |
96.0 |
|
Net Cash - Ending Balance |
88.7 |
103.1 |
119.5 |
90.5 |
105.9 |
|
Cash Interest Paid |
1.7 |
1.1 |
0.9 |
2.5 |
4.4 |
|
Income taxes (paid) refund |
-0.4 |
16.7 |
1.9 |
2.1 |
2.4 |
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.53.81 |
|
UK Pound |
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.50 |
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.