MIRA INFORM REPORT
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Report Date : |
03.09.2012 |
IDENTIFICATION DETAILS
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Name : |
SUZUKI MOTOR CORPORATION |
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Registered Office : |
300, Takatsuka-cho, Minami-ku, Hamamatsu-Shi, 432-8611 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
15.03.1920 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is an automobile company |
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No. of Employees : |
54,484 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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.
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Source : CIA |
Company name & address
SUZUKI MOTOR
CORPORATION
300, Takatsuka-cho, Minami-ku
Hamamatsu-Shi, 432-8611
Japan
Tel: 81-53-4402061
Fax: 8153440277
Web: www.globalsuzuki.com
Synthesis
Employees: 54,484
Company Type: Public Parent
Corporate Family: 119
Companies
Traded: Tokyo
Stock Exchange: 7269
Incorporation Date:
15-Mar-1920
Auditor: Seimei Audit Corporation
Financials in: uSD (Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 31,815.4 1
Net Income: 682.5
Total Assets:
27,947.2 2
Market Value: 11,082.7
(17-Aug-2012)
Business Description
SUZUKI MOTOR CORPORATION is a Japan-based automobile company. The Company operates in three business segments. The Two-wheel Vehicle segment is engaged in the manufacture and sale of two-wheel motorcycles. The Four-wheel Vehicle segment is engaged in the manufacture and sale of automobiles. The Specialty Vehicle segment is engaged in the manufacture and sale of outboard motors, the sale of electric vehicles and housing. As of March 31, 2012, the Company had 139 subsidiaries and 37 associated companies. For the three months ended 30 June 2012, SUZUKI MOTOR CORPORATION revenues increased 6% to Y644.77B. Net income increased 31% to Y24.47B. Revenues reflect Automobile segment increase of 11% to Y571.9B, Japan segment increase of 23% to Y307.76B, Asia segment increase of 3% to Y228.35B. Net income benefited from Automobile segment income increase of 62% to Y37.53B, Japan segment income increase from Y10.91B to Y27.5B.
Industry
Industry Auto and Truck Manufacturers
ANZSIC 2006: 231 - Motor Vehicle
and Motor Vehicle Part Manufacturing
NACE 2002: 3410 - Manufacture
of motor vehicles
NAICS 2002: 336111 -
Automobile Manufacturing
UK SIC 2003: 3410 - Manufacture
of motor vehicles
UK SIC 2007: 2910 - Manufacture
of motor vehicles
US SIC 1987: 3711 - Motor
Vehicles and Passenger Car Bodies
Key Executives
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Name |
Title |
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Osamu Suzuki |
Chairman of the Board, President, Representative Director |
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Yasuhito Harayama |
Vice President, Chief Director of Business Development, Representative
Director |
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Toshihiro Suzuki |
Vice President, Manager of Business Planning Office, Representative
Director |
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Osamu Honda |
Vice President, Chief Director of Four-wheel Technology, Representative
Director |
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Ichizo Aoyama |
Managing Executive Officer, Chief Director of Development |
Significant
Developments
|
Topic |
#* |
Most Recent Headline |
Date |
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Labor Issues |
1 |
Maruti Suzuki India Ltd, Suzuki Motor Corporation To Reopen Plants-WSJ |
16-Sep-2011 |
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Corporate Litigation |
3 |
Volkswagen AG Can Not Follow Logic Of Suzuki Motor Corporation's
Arbitration Action-DJ |
24-Nov-2011 |
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General Reorganization |
1 |
Suzuki Motor Corporation Announces Merger between Subsidiaries |
12-Jun-2012 |
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Strategic Combinations |
6 |
Fiat SpA's CEO Sees Suzuki Motor Corporation, Mazda Motor Corporation
As Partners, But No Talks-Reuters |
6-Mar-2012 |
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New Business / Unit / Subsidiary |
1 |
Suzuki Motor Corporation To Pick Gujarat For New $1.3 Billion
Plant-Reuters |
13-Sep-2011 |
* number of significant developments within the last 12 months
News
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Title |
Date |
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DJ Maruti Suzuki August Sales Hit by Labor Unrest, Others Post
Increase |
1-Sep-2012 |
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Maruti Suzuki August Sales Hit by Labor Unrest, Others Post Increase |
1-Sep-2012 |
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: Maruti Suzuki new car sales in India
down 35.0% in Aug. on year |
1-Sep-2012 |
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Automaker Race For Supremacy In China
Heats Up |
31-Aug-2012 |
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Burmese President Wants Foreign Investment
Law More Open to Investors |
31-Aug-2012 |
Financial
Summary
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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
300, Takatsuka-cho, Minami-ku
Hamamatsu-Shi, 432-8611
Japan
Tel: 81-53-4402061
Fax: 8153440277
Web: www.globalsuzuki.com
Quote Symbol - Exchange
7269 - Tokyo Stock
Exchange
Sales JPY(mil): 2,512,186.0
Assets JPY(mil): 2,302,439.0
Employees: 54,484
Fiscal Year End: 31-Mar-2012
Industry: Auto
and Truck Manufacturers
Incorporation Date: 15-Mar-1920
Company Type: Public
Parent
Quoted Status: Quoted
Chairman of the Board,
President, Representative Director: Osamu
Suzuki
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
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
231 - Motor Vehicle and Motor Vehicle Part Manufacturing
301 - Residential Building Construction
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
2399 - Other Transport Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
3410 - Manufacture of motor vehicles
354 - Manufacture of motorcycles and bicycles
2911 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
4521 - General construction of buildings and civil engineering
works
NAICS 2002 Codes:
336111 - Automobile Manufacturing
333618 - Other Engine Equipment Manufacturing
236117 - New Housing Operative Builders
336991 - Motorcycle, Bicycle, and Parts Manufacturing
US SIC 1987:
3711 - Motor Vehicles and Passenger Car Bodies
3519 - Internal Combustion Engines, Not Elsewhere Classified
1531 - Operative Builders
3751 - Motorcycles, Bicycles, and Parts
UK SIC 2003:
3410 - Manufacture of motor vehicles
354 - Manufacture of motorcycles and bicycles
2911 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
4521 - General construction of buildings and civil engineering
works
UK SIC 2007:
2910 - Manufacture of motor vehicles
309 - Manufacture of transport equipment n.e.c.
2811 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
41 - Construction of buildings
Business
Description
SUZUKI MOTOR
CORPORATION is a Japan-based automobile company. The Company operates in three
business segments. The Two-wheel Vehicle segment is engaged in the manufacture
and sale of two-wheel motorcycles. The Four-wheel Vehicle segment is engaged in
the manufacture and sale of automobiles. The Specialty Vehicle segment is
engaged in the manufacture and sale of outboard motors, the sale of electric
vehicles and housing. As of March 31, 2012, the Company had 139 subsidiaries
and 37 associated companies. For the three months ended 30 June 2012, SUZUKI
MOTOR CORPORATION revenues increased 6% to Y644.77B. Net income increased 31%
to Y24.47B. Revenues reflect Automobile segment increase of 11% to Y571.9B,
Japan segment increase of 23% to Y307.76B, Asia segment increase of 3% to
Y228.35B. Net income benefited from Automobile segment income increase of 62%
to Y37.53B, Japan segment income increase from Y10.91B to Y27.5B.
More Business
Descriptions
Design and
manufacture of passenger cars, commercial vehicles, motorcycles, all terrain
vehicles (ATVs), outboard motors and other products
Automobiles,
Trucks, Motorcycles, Outboard Motors, Generators, General Purpose Engines &
Other Related Products Mfr & Designer
Suzuki Motor
Corporation (Suzuki Motors) along with its subsidiaries designs and
manufactures motorcycles and automobiles. Wide range of products offered by the
company includes motorcycles, automobiles, outboard motors, boats, motorized
wheelchairs, electro-scooters, industrial equipment. The company classified its
business into four segments namely, Automobiles, Motorcycles, Marine and Power
Products and Financial Services. The Automobile segment of the company is engaged
in the manufacturing of various ports utility vehicles (SUVs), minicars, and
premium and luxury cars. All these products are sold under the brands Swift,
SX4, MR Wagon Wit, Wagon R Stingray, Cervo, XL7 (sports utility vehicle) and
Grand Vitara. Automobiles are generally manufactured by the company but in
overseas they are manufactured by the subsidiary Magyar Suzuki Ltd., Maruti
Suzuki India Ltd. and by an affiliate, CAMI Automotive Inc. All the automobiles
offered by the company are sold in the domestic markets by the subsidiary
Suzuki Motor Sales Kinki Inc and in overseas by the subsidiary American Suzuki
Motor Corp. and other marketing companies. For the fiscal year ended March 31,
2011, the company’s automobile segment recorded net sales of JPY2.32 trillion
which accounted for 89.2% of total sales. The company's Motorcycle segment is
engaged in offering various products such as Motorcycles, Motor-driven
bicycles, All terrain vehicles and other related products. Motorcycles are
generally manufactured by the company but in overseas they are additionally
manufactured by the subsidiary Thai Suzuki Motor Co., Ltd. and an affiliate,
Jinan Qingqi Suzuki Motorcycle Co., Ltd. All the motor cycle products offered
by the company are sold in the domestic markets by the subsidiary Suzuki
Motorcycle Sales (Higashi Nihon) Inc. and in overseas by the subsidiary Suzuki
International Europe GmbH and other marketing companies. For the fiscal year
ended March 31, 2011, the company’s Motorcycle segment recorded net sales of
JPY0.25 trillion which accounted for 9.8% of total sales. The other segment of
the company includes Marine and Power Products segment and the Financial
Services segment. Marine and Power Products segment manufactures generators,
outboard motors, engines for snowmobiles etc., electro senior vehicle and
houses. Suzuki Marine Co., Ltd. and Suzuki Motor Sales Kinki Inc. are the two
subsidiaries through which this segment operates. The Financial Services
segment of Suzuki Motor principally operates through the subsidiary Suzuki
Finance Co., Ltd. For the fiscal year ended March 31, 2011, the companies
marine and power products segment and the financial services segment recorded
net sales of JPY76,540.953m which accounted for 1.8% of total sales.The percentage
contribution towards the net sales by market in various geographies were,
Japan, 60.3% and Asia, 36.3%.On 4 March 2011 the Suzuki Motors closed all its
plants in Japan in order to place priority on the safety of all its
subsidiaries and suppliers. The company suspended its operations for two days.
The company's Takatsuka plant, Kosai plant, Iwata plant, Toyokawa plant, Sagara
plant and Osuka plant remained closed for two days.
Suzuki Motor
Corporation (Suzuki Motors) is a Japan based company engaged in the designing
and manufacturing of passenger cars, commercial vehicles, motorcycles, all
terrain vehicles (ATVs), outboard motors, and other products. In addition, the
company is also engaged in manufacturing of marine and power products,
motorized wheelchairs, and electro senior vehicles and houses. The company also
provides financial services, logistics business and other services related to
its operations. The company operates through Automobile, Motorcycle and Other
reportable segments. It operates 141 subsidiaries and 37 affiliates across 23
countries worldwide. Geographically, the company operates in Japan, Asia,
Europe, North America and others. Suzuki Motors is headquartered at
Hamamatsu-shi , in Shizouka, Japan.The company reported revenues of (Yen) JPY
2,512,186.00 million during the fiscal year ended March 2012, a decrease of
3.68% from 2011. The operating profit of the company was JPY 89,868.00 million
during the fiscal year 2012, a decrease of 3.03% from 2011. The net profit of
the company was JPY 53,888.00 million during the fiscal year 2012, an increase
of 19.29% over 2011.
Suzuki Motor
Corporation (Japan) manufactures 'minicars' and is also a world leader in the
motorbike manufacturing industry. Outside of vehicles Suzuki has interests in
electric wheelchairs, generators, prefabricated houses and outboard motors.
Automobile and
Light Duty Motor Vehicle Manufacturing
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Strategic Initiatives
Partnerships
As such GlobalData
can accept no liability whatever for actions taken based on any information
that may subsequently prove to be incorrect. Dec 09, 2011Panasonic To Supply
Electric Drive System For Suzuki Electric ScooterThe Panasonic Group announced
that it will supply its electric drive system for Suzuki Motor Corporation's
(Suzuki's) e-Let's electric scooter, to be released in January 2012 in Japan.
The electric drive system consists of four components: an in-wheel motor and a
high efficiency control circuit primarily developed by the Panasonic Group, as
well as an electric motor battery system using consumer-use lithium-ion
batteries and a charger.In September 2010, the Panasonic Group, in
collaboration with Suzuki, succeeded in developing an in-wheel motor with
regenerative braking capabilities and a high efficiency control circuit for
Suzuki's prototype electric scooters, which have undergone on-road testing. The
agreement with Suzuki has set an example for the Panasonic Group in delivering
the four components as a total electric drive system for two-wheeled vehicles.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities ·
Increasing Demand for Fuel
Efficient Vehicles |
Threats |
Overview
Suzuki Motor Corporation is a manufacturer of passenger cars, commercial vehicles, motorcycles, all terrain vehicles (ATVs) and outboard motors around the world. The company’s products are offered through four reportable business segments, namely, Automobiles, Motorcycles, Marine and Power Products and Financial Services. The company developed a very broad product portfolio since its inception. The products offered include motorcycles, automobiles, outboard motors, boats, motorized wheelchairs, electro-scooters, industrial equipment. This portfolio was instrumental in creating brand value and goodwill for the company. However, environmental regulations could affect the operations of the company and delay in taking proactive measures to face the challenges could affect the financial performance of the company.
Strengths
Increasing
Liquidity Ratios
Suzuki’s
improved liquidity position indicates its ability to pay off its short-terms
debt obligations. The company's liquidity ratio increased due to the decrease
in current liabilities. Its total current liabilities decreased to JPY 805,719m
in 2011 from JPY 933,911m in 2010. This led to increased liquidity across its
various liquidity indicators including current ratio, quick ratio, and cash
ratio in the fiscal year ended March 2011. Suzuki's current ratio, quick ratio
and cash ratio was 1.7 times, 1.4 times, and 0.92 times in fiscal year ended
March 2011, as compared to 1.58 times, 1.33 times, and 0.8 times respectively
in fiscal year ended March 2010. This helps the company to obtain financing in
the future and react to changes in its business. A strong position in cash or
in assets that are easily convertible to cash produces more flexibility for the
firm and keeps the investor in a low-risk position. The company’s strong
liquidity condition indicates its healthy financial position and ability to
meet its short term obligations.
Geographic Diversification
A wide
geographical presence helps the company mitigate the various risks associated
with the over dependence on a particular market. Suzuki designs and
manufactures motorcycles and automobiles. The company’s operations are
spanned across various geographic regions which include Japan, Europe (Hungary,
Great Britain and Germany), North America (USA and Canada), Asia (India,
Indonesia and Pakistan) and others (Australia and Colombia). During the fiscal
year ended March 2011, the company generated 52% of the total revenue from
Japan, 31.3% from Asia, 11% from Europe, North America 3.2% and other regions
2.5%. A wide geographic presence decreases the business risk of the company and
acts as an easy way for the expansion plans of the company, as a wider reach in
terms of geography would mean reaping more benefits eventually improving the profit
margins, attaining economies of scale and recognition on a worldwide basis.
Strong Product Portfolio
The company’s
strong product portfolio helps it cater to the needs of a diversified customer base.
Suzuki along with its subsidiaries is engaged in the manufacturing and
marketing of motorcycles, automobiles, marine and power products, motorized
wheelchairs, electro-scooters, electro senior vehicles and houses, industrial
equipment, and other related products. Through the Automobile segment the
company offers various sports utility vehicles (SUVs), minicars, and premium
and luxury cars. By the Motorcycle segment it offers various products such as
Motorcycles, Motor-driven bicycles, all terrain vehicles. Furthermore, the
company also develops and markets hybrid vehicle/fuel-cell vehicles and diesel
engines. In addition, Suzuki provides financial services, logistics business
and other services related to its operations. The company’s various products
are sold in various brand names; Swift, SX4, MR Wagon Wit, Wagon R Stingray,
Cervo, XL7 (sports utility vehicle) and Grand Vitara. Such wide product and
service portfolio enables the company to mitigate the risk of being associated
to a narrow product offering and provides better revenue in a competitive
market.
Weaknesses
Limited Operating Margin
The company's
operating margin was 3.55% for the fiscal year 2011. This was below the S&P
500 companies average* of 7.26%. A lower than S&P 500 companies average*
operating margin may indicate inefficient cost management or a weak pricing
strategy by the company. However, the company's operating margin has increased
35 bps over 2010 which may indicate that the management has been focusing on
profitability.
Declining Market
Share in Sector
The company's
compounded annual growth rate (CAGR) for revenue was -4.71% during 2007-2011.
This was below the S&P 500 companies average* of 12.74%. A lower than
S&P 500 companies average* revenue CAGR may indicate that the company has
underperformed the average S&P 500 companies growth and lost market share
over the last four years. The company's underperformance could be attributed to
a weak competitive position or inferior products and services offering or lack
of innovative products and services.
Poor Resource
Management
Suzuki's weak
operational performance may indicate the company’s inefficiency in the
utilization of the resources. The company's return on equity (ROE) was 3.0% at
the end of fiscal year ended March 2010, as compared to 4.29% in 2009. This
indicates that the company may not be using the resources efficiently. The
company's Return on Working capital was 14.46% for the fiscal year ended March
2010, as compared to 25.56% in 2009. In addition, the company’s working
capital turnover also declined from 16.46 times to 4.52 times in the fiscal
year ended March 2010. This trend indicates the inability of the company to
allocate its resources profitably.
Opportunities
Increasing Demand for Fuel Efficient Vehicles
The company could
find increased opportunities in the area of fuel efficient vehicles which
feature advanced technologies such as hybrids, clean diesel engines,
flexible-fuel ethanol vehicles and a turbocharged direct injection system.
According to 'Annual Energy Outlook 2010' report by Energy Information
Administration (US Government), the total sale of hybrid vehicles is estimated
to increase from 2.3% of new LDV sales in the year 2007 to 20.6%, 39.6% and 50%
by 2015, 2030 and 2035. It is further forecasted that the number of hybrid
vehicle sales could reach 7.9 million in 2030. Thus, with the unconventional
and hybrid vehicles becoming a mainstay in the future automobile market, the
company can find huge opportunities to garner higher market share and increase
its revenues.
Growing Demand for Small and Mid size Cars
The company may
find increased opportunities in the small car segment. Owing to the current
global economic recession and volatile fuel prices, the demand for small and mid-size
vehicles has been witnessing a strong growth. According to a report by ACEA
(European Automobile Manufacturers Association), European vehicle companies
received a 13.9% decrease in registrations for passenger cars and 37.6% for
commercial vehicles in the first five months of the fiscal year 2010.
Similarly, the market penetration for diesel cars also fell to 46.1% and market
share of 4X4s fell to 8.4%. However, small cars market share increased from
38.8% in 2008 to 41.9% for the five month period of 2010. Thus the shifting
consumer preference towards small and mid size cars offers a strong growth
potential for the company.
New Product Launches
The company may
find good opportunities for increased business through its new products. In
March 2011, the Suzuki’s Burgman Fuel-Cell Scooter, received European whole
vehicle type approval and becomes first fuel-cell vehicle. In December 2010,
the company launched new Solio, passenger car, in Japan. During 2010, the
company launched many new models in various markets. Its subsidiary in India,
Maruti Suzuki India, launched a compact passenger car, the A-Star and the
premium compact car, Ritz. It also launched Splash in Japan and Hungary. In
April 2010, the company launched a new 660 cc Wagon R, Wagon R Stingray and
Palette models in Japan and India. In addition, the company planned to launch
many new vehicles in the coming years. These new launched vehicles could enable
Suzuki Motors to further increase its market share by targeting new market
segments while retaining its existing customers.
Threats
Intense Competition
The automotive
industry is highly competitive. Suzuki Motor faces stiff competition from many
automobile giants in the world. If the company is unable to maintain its
product quality and customer loyalty, such intense competition could reduce the
sales volume of the company, hampering its market position. The competition for
the company also comes from the existing small players and new market entrants.
Intensive competition in automobile markets could lead to price competition.
The company should come up with innovative products and services for its
customers so as to sustain itself in the highly competitive automobile markets.
Such highly competitive market could adversely affect the company’s
profitability, financial position and cash flows if the company fails to retain
and attract clients and customers.
New Emission Standards for Two Wheelers
The company might
have to face increased challenges to its two wheeler business due to the ongoing
requisites of emission standards. According to Dealernews.com, motorcycle
industry stakeholders in Europe announced their plan to increase EURO 3
emissions standards to more stringent EURO 5 standards by 2015. Association des
Constructeurs Europeens de Motocycles (ACEM) is likely to introduce EURO 3
standards for mopeds and Euro 4 standards for motorcycles by 2012. It also
proposed the introduction of more stringent emission test cycles, and EURO 5
standards for motorcycles by 2015. Such implementations might require the
company to redesign its vehicles and could result in increased operating costs.
Also failure to comply with the standards could attract unnecessary penalties
and hamper the operations of the company.
Increasing Costs of Input
The increasing
price of raw materials could concern the company. The key raw materials used in
the company's products include rolled steel, aluminum, glass, plastic and other
resin materials. As per the Bureau of Labor Statics, producer price indexes for
core raw material inputs such as rolled steel, primary aluminum, plastic
materials and resins have increased by 95.81%, 90% and 85.27% respectively for
the last decade. Thus rising input costs could have a major impact on the
operational costs of the company, which could not be easily transferred to the
customers as the intense competition could lure away its customers through
their low price offerings. As a result, the margins of the company could be
affected.
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Corporate
Family |
Corporate
Structure News: |
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SUZUKI MOTOR
CORPORATION |
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SUZUKI MOTOR CORPORATION |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
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Parent |
Hamamatsu-Shi |
Japan |
Auto and Truck Manufacturers |
31,815.4 |
54,484 |
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Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Business Services |
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17,000 |
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Subsidiary |
Beijing |
China |
Aerospace and Defense |
566.7 |
11,000 |
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Subsidiary |
New Delhi |
India |
Auto and Truck Manufacturers |
7,711.0 |
9,100 |
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Merger proposed/announced
(Suzuki Powertrain India Limited).See corporate
structure news on
SUZUKI MOTOR CORPORATION for details |
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Branch |
New Delhi, Delhi |
India |
Auto and Truck Manufacturers |
1.8 |
400 |
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Subsidiary |
Esztergom |
Hungary |
Auto and Truck Manufacturers |
2,056.8 |
3,348 |
|
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Joint Venture |
Banan District, Chongqing |
China |
Auto and Truck Manufacturers |
12.0 |
3,000 |
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Subsidiary |
Jakarta Timur |
Indonesia |
Miscellaneous Capital Goods |
150.0 |
2,000 |
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Subsidiary |
Pathumthani |
Thailand |
Recreational Products |
150.0 |
1,025 |
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Subsidiary |
Athina |
Greece |
Auto and Truck Manufacturers |
340.3 |
968 |
|
|
|
Subsidiary |
Kifissia |
Greece |
Rental and Leasing |
57.8 |
81 |
|
|
|
Subsidiary |
Athens |
Greece |
Miscellaneous Fabricated Products |
13.2 |
54 |
|
|
|
Subsidiary |
Athens |
Greece |
Auto and Truck Manufacturers |
21.5 |
52 |
|
|
|
Subsidiary |
Athens |
Greece |
Investment Services |
7.0 |
45 |
|
|
|
Subsidiary |
Athens |
Greece |
Retail (Specialty) |
|
36 |
|
|
|
Subsidiary |
Athens |
Greece |
Rental and Leasing |
|
|
|
|
|
Subsidiary |
Athens |
Greece |
Business Services |
|
|
|
|
|
Subsidiary |
Karachi |
Pakistan |
Auto and Truck Manufacturers |
335.2 |
575 |
|
|
|
Subsidiary |
Akita |
Japan |
Auto and Truck Parts |
703.2 |
421 |
|
|
|
Subsidiary |
Brea, CA |
United States |
Auto and Truck Manufacturers |
1,500.0 |
350 |
|
|
|
Branch |
Marietta, GA |
United States |
Electronic Instruments and Controls |
5.3 |
7 |
|
|
|
Subsidiary |
Bensheim, Hessen |
Germany |
Retail (Specialty) |
888.6 |
330 |
|
|
|
Subsidiary |
Pereira, Risaralda |
Colombia |
Recreational Products |
133.8 |
300 |
|
|
|
Subsidiary |
Oyabe, Toyama |
Japan |
Auto and Truck Parts |
96.0 |
292 |
|
|
|
Subsidiary |
Gijon, Asturias |
Spain |
Recreational Products |
142.3 |
281 |
|
|
|
Subsidiary |
Manzanares, Ciudad Real |
Spain |
Auto and Truck Parts |
34.9 |
144 |
|
|
|
Subsidiary |
Sevilla |
Spain |
Auto and Truck Manufacturers |
5.4 |
40 |
|
|
|
Subsidiary |
Metro Manila |
Philippines |
Recreational Products |
147.8 |
250 |
|
|
|
Subsidiary |
Prai, Penang |
Malaysia |
Recreational Products |
40.2 |
200 |
|
|
|
Subsidiary |
Hamamatsu |
Japan |
Miscellaneous Transportation |
257.1 |
199 |
|
|
|
Subsidiary |
Trappes |
France |
Auto and Truck Manufacturers |
497.0 |
149 |
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Retail (Specialty) |
404.0 |
145 |
|
|
|
Subsidiary |
Richmond Hill, ON |
Canada |
Business Services |
565.0 |
125 |
|
|
|
Subsidiary |
Chiba, Chiba |
Japan |
Auto and Truck Manufacturers |
85.6 |
116 |
|
|
|
Subsidiary |
Torino, TO |
Italy |
Auto and Truck Manufacturers |
497.9 |
115 |
|
|
|
Subsidiary |
Laverton North, VIC |
Australia |
Auto and Truck Manufacturers |
369.8 |
95 |
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Business Services |
|
92 |
|
|
|
Subsidiary |
San Juan |
Puerto Rico |
Auto and Truck Manufacturers |
|
72 |
|
|
|
Subsidiary |
Shizuoka |
Japan |
Rental and Leasing |
65.9 |
60 |
|
|
|
Subsidiary |
Warsaw |
Poland |
Auto and Truck Parts |
|
60 |
|
|
|
Subsidiary |
Salzburg |
Austria |
Auto and Truck Manufacturers |
141.6 |
52 |
|
|
|
Subsidiary |
Wanganui Mail Centre |
New Zealand |
Miscellaneous Capital Goods |
54.7 |
40 |
|
|
|
Subsidiary |
Wanganui |
New Zealand |
Business Services |
|
40 |
|
|
|
Subsidiary |
Leganes, Madrid |
Spain |
Retail (Specialty) |
162.8 |
34 |
|
|
|
Subsidiary |
Leganes, Madrid |
Spain |
Retail (Specialty) |
7.2 |
18 |
|
|
|
Subsidiary |
Kosai, Shizuoka |
Japan |
Miscellaneous Capital Goods |
1.0 |
30 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Auto and Truck Manufacturers |
10.7 |
9 |
|
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Miscellaneous Capital Goods |
882.6 |
|
|
|
|
|
|||||||
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Retail (Specialty) |
279.6 |
|
|
|
|
Subsidiary |
Owariasahi, Aichi |
Japan |
Retail (Specialty) |
260.3 |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Auto and Truck Manufacturers |
256.7 |
|
|
|
|
Subsidiary |
Moriguchi, Osaka |
Japan |
Auto and Truck Manufacturers |
254.5 |
|
|
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Retail (Specialty) |
254.5 |
|
|
|
|
Subsidiary |
Mito, Ibaraki |
Japan |
Retail (Specialty) |
242.6 |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Trucking |
239.3 |
|
|
|
|
Subsidiary |
Kasuya-Gun, Fukuoka |
Japan |
Retail (Specialty) |
237.6 |
|
|
|
|
Subsidiary |
Chiba, Chiba |
Japan |
Retail (Specialty) |
224.7 |
|
|
|
|
Subsidiary |
Shizuoka, Shizuoka |
Japan |
Retail (Specialty) |
218.8 |
|
|
|
|
Subsidiary |
Nagano, Nagano |
Japan |
Retail (Specialty) |
206.4 |
|
|
|
|
Subsidiary |
Sendai, Miyagi |
Japan |
Auto and Truck Manufacturers |
204.7 |
|
|
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Auto and Truck Manufacturers |
200.5 |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Auto and Truck Manufacturers |
189.4 |
|
|
|
|
Subsidiary |
Kanazawa, Ishikawa |
Japan |
Auto and Truck Manufacturers |
179.3 |
|
|
|
|
Subsidiary |
Yokkaichi, Mie |
Japan |
Retail (Specialty) |
177.6 |
|
|
|
|
Subsidiary |
Kumamoto, Kumamoto |
Japan |
Retail (Specialty) |
173.2 |
|
|
|
|
Subsidiary |
Hiroshima, Hiroshima |
Japan |
Retail (Specialty) |
172.4 |
|
|
|
|
Subsidiary |
Utsunomiya, Tochigi |
Japan |
Auto and Truck Manufacturers |
169.7 |
|
|
|
|
Subsidiary |
Kyoto, Kyoto |
Japan |
Retail (Specialty) |
167.8 |
|
|
|
|
Subsidiary |
Takasaki, Gunma |
Japan |
Retail (Specialty) |
167.7 |
|
|
|
|
Subsidiary |
Kagoshima, Kagoshima |
Japan |
Retail (Specialty) |
163.4 |
|
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Auto and Truck Manufacturers |
163.1 |
|
|
|
|
Subsidiary |
Nagaoka, Niigata |
Japan |
Auto and Truck Manufacturers |
160.5 |
|
|
|
|
Subsidiary |
Hiratsuka, Kanagawa |
Japan |
Retail (Specialty) |
157.1 |
|
|
|
|
Subsidiary |
Tachikawa, Tokyo |
Japan |
Retail (Specialty) |
153.9 |
|
|
|
|
Subsidiary |
Kooriyama, Fukushima |
Japan |
Retail (Specialty) |
148.4 |
|
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Retail (Specialty) |
144.6 |
|
|
|
|
Subsidiary |
Naha, Okinawa |
Japan |
Retail (Specialty) |
141.4 |
|
|
|
|
Subsidiary |
Nishi Sonogi-Gun, Nagasaki |
Japan |
Retail (Specialty) |
141.2 |
|
|
|
|
Subsidiary |
Kawagoe, Saitama |
Japan |
Retail (Specialty) |
133.4 |
|
|
|
|
Subsidiary |
Aomori, Aomori |
Japan |
Auto and Truck Manufacturers |
127.3 |
|
|
|
|
Subsidiary |
Otsu, Shiga |
Japan |
Retail (Specialty) |
125.4 |
|
|
|
|
Subsidiary |
Tlalnepantla, Estado de MĂ©xico |
Mexico |
Auto and Truck Manufacturers |
124.6 |
|
|
|
|
Subsidiary |
Yamagata, Yamagata |
Japan |
Auto and Truck Manufacturers |
117.3 |
|
|
|
|
Subsidiary |
Oita, Oita |
Japan |
Auto and Truck Manufacturers |
115.6 |
|
|
|
|
Subsidiary |
Toyama |
Japan |
Miscellaneous Transportation |
113.2 |
|
|
|
|
Subsidiary |
Miyazaki, Miyazaki |
Japan |
Auto and Truck Manufacturers |
111.0 |
|
|
|
|
Subsidiary |
Shiki-Gun, Nara |
Japan |
Auto and Truck Manufacturers |
100.6 |
|
|
|
|
Subsidiary |
Akita |
Japan |
Auto and Truck Parts |
98.8 |
|
|
|
|
Subsidiary |
Toyohashi, Aichi |
Japan |
Retail (Specialty) |
97.8 |
|
|
|
|
Subsidiary |
Okayama, Okayama |
Japan |
Retail (Specialty) |
94.2 |
|
|
|
|
Subsidiary |
Takamatsu, Kagawa |
Japan |
Retail (Specialty) |
88.7 |
|
|
|
|
Subsidiary |
Matsuyama, Ehime |
Japan |
Auto and Truck Manufacturers |
85.6 |
|
|
|
|
Subsidiary |
Wakayama, Wakayama |
Japan |
Auto and Truck Manufacturers |
77.3 |
|
|
|
|
Subsidiary |
Komagane, Nagano |
Japan |
Retail (Specialty) |
70.9 |
|
|
|
|
Subsidiary |
Saga, Saga |
Japan |
Retail (Specialty) |
70.6 |
|
|
|
|
Subsidiary |
Matsue, Shimane |
Japan |
Auto and Truck Manufacturers |
69.4 |
|
|
|
|
Subsidiary |
Morioka, Iwate |
Japan |
Auto and Truck Manufacturers |
68.3 |
|
|
|
|
Subsidiary |
Kochi, Kochi |
Japan |
Auto and Truck Manufacturers |
64.0 |
|
|
|
|
Subsidiary |
Tokushima, Tokushima |
Japan |
Retail (Specialty) |
61.7 |
|
|
|
|
Subsidiary |
Bien Hoa City |
Viet Nam |
Auto and Truck Manufacturers |
60.0 |
|
|
|
|
Subsidiary |
Tottori, Tottori |
Japan |
Retail (Specialty) |
55.6 |
|
|
|
|
Subsidiary |
Asahikawa, Hokkaido |
Japan |
Retail (Specialty) |
43.3 |
|
|
|
|
Subsidiary |
Perai, Pulau Pinang |
Malaysia |
Business Services |
40.3 |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Retail (Specialty) |
34.1 |
|
|
|
|
Subsidiary |
Ube, Yamaguchi |
Japan |
Retail (Specialty) |
8.8 |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Auto and Truck Parts |
|
|
|
|
|
Subsidiary |
Taipei City |
Taiwan |
Auto and Truck Manufacturers |
|
|
|
|
|
Subsidiary |
Iwata, Shizuoka |
Japan |
Auto and Truck Parts |
|
|
|
|
|
Subsidiary |
Osaka |
Japan |
Auto and Truck Manufacturers |
|
|
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
|
Subsidiary |
Oyabe, Toyama |
Japan |
Auto and Truck Parts |
|
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Auto and Truck Parts |
|
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Recreational Products |
|
|
|
|
|
Subsidiary |
Toyokawa, Aichi |
Japan |
Auto and Truck Parts |
|
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Investment Services |
|
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Auto and Truck Manufacturers |
|
|
|
|
|
Subsidiary |
Caracas |
Venezuela |
Auto and Truck Parts |
|
|
|
|
|
Subsidiary |
Chongqing |
China |
Auto and Truck Manufacturers |
|
|
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
AB Volvo |
Goteborg, Sweden |
100,941 |
Public |
|
Bajaj Auto Ltd. |
Pune, India |
|
Public |
|
Bayerische Motoren Werke AG |
Muenchen, Germany |
102,007 |
Public |
|
Bombardier, Inc. |
Montreal, Quebec, Canada |
70,000 |
Public |
|
Brunswick Corporation |
Lake Forest, Illinois, United States |
15,356 |
Public |
|
Daimler AG |
Stuttgart, Baden-WĂ¼rttemberg, Germany |
271,370 |
Public |
|
Dover Corporation |
Downers Grove, Illinois, United States |
34,000 |
Public |
|
EK Chor China Motorcycle Co., Ltd. |
Hong Kong, Hong Kong |
3,000 |
Private |
|
Fiat S.p.A. (NonConv Sav) |
Torino, Italy |
200,582 |
Private |
|
Fiat SpA |
Torino, Italy |
137,801 |
Public |
|
Ford Motor Company |
Dearborn, Michigan, United States |
164,000 |
Public |
|
Fuji Heavy Industries Ltd. |
Tokyo, Japan |
27,123 |
Public |
|
General Motors Company |
Detroit, Michigan, United States |
210,000 |
Public |
|
Harley-Davidson, Inc. |
Milwaukee, Wisconsin, United States |
6,000 |
Public |
|
Honda Motor Co Ltd |
Tokyo, Japan |
187,094 |
Public |
|
Hyundai Motor Co |
Seoul, Korea, Republic of |
57,626 |
Public |
|
Invacare Corporation |
Elyria, Ohio, United States |
6,200 |
Public |
|
ISUZU MOTORS LIMITED |
Tokyo, Japan |
24,656 |
Public |
|
Kawasaki Heavy Industries, Ltd. |
Kobe-Shi, Japan |
33,267 |
Public |
|
Kohler Co. |
Kohler, Wisconsin, United States |
27,000 |
Private |
|
Mazda Motor Corporation |
Aki-Gun, Japan |
37,617 |
Public |
|
MITSUBISHI MOTORS CORPORATION |
Tokyo, Japan |
30,777 |
Public |
|
Nissan Motor Co., Ltd. |
Yokohama-Shi, Japan |
157,365 |
Public |
|
Peugeot Motors of America Inc. |
Little Falls, New Jersey, United States |
3 |
Private |
|
Piaggio & C. SpA |
Pontedera, Italy |
8,349 |
Public |
|
Remy International, Inc. |
Pendleton, Indiana, United States |
7,971 |
Public |
|
Renault SA |
Boulogne-Billancourt, France |
122,615 |
Public |
|
Saab Automobile AB |
Trollhättan, Sweden |
5,000 |
Private |
|
Tata Motors Limited |
Mumbai, India |
58,618 |
Public |
|
TOYOTA MOTOR CORPORATION |
Toyota-Shi, Japan |
317,716 |
Public |
|
Triumph Motorcycles Ltd. |
Hinckley, United Kingdom |
478 |
Private |
|
Volkswagen AG |
Wolfsburg, Germany |
399,381 |
Public |
|
Yamaha Motor Co., Ltd. |
Iwata-Shi, Japan |
54,677 |
Public |
Executive report
|
Board of
Directors |
|
|
|
|
|||||||||
|
Chairman of the Board, President, Representative Director |
Chairman |
|
|||||||||
|
||||||||||||
|
Senior Managing Executive Officer, Chief Director of Production,
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Senior Managing Executive Officer, Chief Director of Quality, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Vice President, Chief Director of Business Development, Representative
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Vice President, Chief Director of Four-wheel Technology,
Representative Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Senior Managing Executive Officer, Manager of Overseas Procurement
Center, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Senior Managing Executive Officer, President of Subsidiary, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Senior Managing Executive Officer, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Vice President, Manager of Business Planning Office, Representative
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Vice President, Chief Director of Domestic Sales, President of
Subsidiary, Representative Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executives |
|
|
|
|
||||||
|
Chairman of the Board, President, Representative Director |
President |
|
||||||
|
|||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Managing Executive Officer, Chief Director of Overseas Four-Wheel
Sales |
Sales Executive |
|
|
|||||
|
Managing Executive Officer, Chief Director of Overseas Four-Wheel
Sales |
Sales Executive |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Director of Domestic Sales |
Sales Executive |
|
|
|||||
|
Vice President, Chief Director of Domestic Sales, President of
Subsidiary, Representative Director |
Sales Executive |
|
|
|||||
|
|||||||||
|
Vice President, Chief Director of Four-wheel Technology,
Representative Director |
Engineering/Technical Executive |
|
|
|||||
|
|||||||||
|
Vice President, Chief Director of Business Development, Representative
Director |
Business Development Executive |
|
|
|||||
|
|||||||||
|
Vice President, Manager of Business Planning Office, Representative
Director |
Planning Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Chief Director of Development |
Other |
|
|
|||||
|
Managing Executive Officer, President of Subsidiary |
Other |
|
|
|||||
|
Managing Executive Officer, Chief Director of Purchasing |
Other |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Director of Four-wheel
Technology |
Other |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Director of Four-wheel
Technology |
Other |
|
|
|||||
|
Managing Executive Officer, Chief Director of Two-wheel Business |
Other |
|
|
|||||
|
Managing Executive Officer |
Other |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Deputy Chief Director of Four-wheel
Technology |
Other |
|
|
|||||
|
Managing Executive Officer |
Other |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Director of Production |
Other |
|
|
|||||
|
Managing Executive Officer, Senior Director of Specialized Equipment |
Other |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Director of Production |
Other |
|
|
|||||
|
Senior Managing Officer |
Other |
|
|
|||||
|
Finance Director |
Other |
|
|
|||||
|
Managing Executive Officer, Chief Director of Administration |
Other |
|
|
|||||
|
Managing Executive Officer |
Other |
|
|
|||||
Significant Developments
R&I Affirms Suzuki Motor Corporation's Rating at "A"; Rating Outlook Stable Jul 31, 2012
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Suzuki Motor Corporation at "A". The rating outlook is stable.
Suzuki Motor Corporation Announces Merger between Subsidiaries Jun 12, 2012
Suzuki Motor Corporation announced that its India-based 54.21%-owned subsidiary, which engages in the manufacturing and sale of automobiles, will merge with the Company's India-based 70%-owned subsidiary, which engages in the manufacturing of engine and transmission. After the merger, the 70%-owned subsidiary of the Company will be dissolved.
Suzuki Motor Corporation Announces Dividend Payment for FY Ended March 2012 May 10, 2012
Suzuki Motor Corporation announced that it will issue dividend of JPY 8 per share, or JPY 4,488 million in total, effective June 29, 2012, up from a forecast of JPY 7 per share announced on February 6, 2012, from retained earnings to shareholders as of March 31, 2012.
Fiat SpA's CEO Sees Suzuki Motor Corporation, Mazda Motor Corporation As Partners, But No Talks-Reuters Mar 06, 2012
reported that Fiat SpA's Chief Executive Sergio Marchionne on Tuesday said Mazda Motor Corporation and Suzuki Motor Corporation would be partners whose operations would be complementary to those of the Italian auto maker, but insisted he hadn't held specific talks with either company.
Suzuki Motor Corporation Mulls Electric Vehicle Launch In India-Business Line Nov 30, 2011
Business Line reported that Suzuki Motor Corporation is considering launch of electric vehicles in India, although it sees infrastructure as a big challenge.
Volkswagen AG Can Not Follow Logic Of Suzuki Motor Corporation's Arbitration Action-DJ Nov 24, 2011
Dow Jones reported that Volkswagen AG can't follow the logic behind Suzuki Motor Corporation's move to commence arbitration proceedings aimed at compelling Volkswagen to dispose of its shares in Suzuki.
Suzuki Motor Corporation Files for Arbitral Proceedings against Volkswagen AG Nov 24, 2011
Suzuki Motor Corporation announced that it has started to file for arbitral proceedings with the International Court of Arbitration. Suzuki Motor claims Volkswagen AG to sell its stake in Suzuki Motor to Suzuki Motor itself or other specified companies.
Suzuki Motor Corporation Announces Cancelation of Business and Capital Alliance with Volkswagen AG; to Repurchase Shares Nov 18, 2011
Suzuki Motor Corporation announced that it has decided to cancel the
business and capital alliance formed with Volkswagen AG. Suzuki Motor has also
decided to repurchase up to 112,210,000 shares (20.00% stake) of its common
stock, during the period from November 21, 2011 to November 16, 2012.
Suzuki Motor Corporation Announces Midterm Dividend Payment for FY Ending March 2012 Nov 07, 2011
Suzuki Motor Corporation announced that it will issue dividend of JPY 7 per share, or JPY 3,927 million in total, effective November 30, 2011, up from a forecast of JPY 6 per share announced on June 23, 2011, from retained earnings to shareholders as of September 30, 2011.
Volkswagen AG To Keep Suzuki Motor Corporation Stake, Enter Direct Talks-DJ Oct 17, 2011
Dow Jones reported that Volkswagen AG will keep its 19.9% stake in Suzuki Motor Corporation despite persistent calls from its smaller Japanese peer to dissolve their tie-up, indicating that a continuing dispute between the two firms is unlikely to be resolved anytime soon.
Volkswagen AG Rejects Suzuki Motor Corporation Allegations Of Alliance Violation-DJ Oct 14, 2011
Dow Jones reported that Volkswagen AG rejects allegations made by Suzuki Motor Corporation that it breached aspects of the two companies' December 2009 alliance agreement. Earlier Friday, Suzuki said it sent a letter to Volkswagen asking it to remedy numerous breaches of the agreement.
Suzuki Motor Corporation And China Changan Seek Approval To Merge Joint Ventures-Reuters Sep 29, 2011
reported that Suzuki Motor Corporation and its Chinese partner China Changan are seeking Chinese regulatory approval to merge their two joint ventures into one entity. Suzuki and Changan plan to set up a new 50-50 joint venture. Currently Suzuki hold a 49% stake in both its ventures with Changan and Changhe.
Maruti Suzuki India Ltd, Suzuki Motor Corporation To Reopen Plants-WSJ
Sep 16, 2011
The Wall Street Journal reported that Maruti Suzuki India Ltd will resume operations on Sunday at one of its factories as workers at two parts manufacturing units of its parent, Suzuki Motor Corporation, have withdrawn their daylong strike. The Company has decided to restart the Manesar plant in the northern state of Haryana, but its factory at Gurgaon, also in Haryana, will stay shut on Sunday due to a routine holiday. Both plants will remain closed on Saturday due to a Hindu festival.
Suzuki Motor Corporation To Pick Gujarat For New $1.3 Billion Plant-Reuters Sep 13, 2011
reported that Suzuki Motor Corporation will likely locate a planned $1.3 billion passenger car factory in the western Indian state of Gujarat, Japan's Kyodo news agency reported.
Volkswagen AG Says It Has No Plans To Sell Suzuki Motor Corporation Stake-DJ Sep 12, 2011
Dow Jones reported that Volkswagen AG has no plans to sell its shares in Suzuki Motor Corporation, a spokesperson told The Nikkei, complicating Suzuki's proposal to end their capital tie-up.
Suzuki Motor Corporation To Offer To Cut Ties With Volkswagen AG-DJ Sep
12, 2011
Dow Jones reported that Suzuki Motor Corporation will offer to terminate
its capital and business alliance with Volkswagen AG, the Nikkei reported. The two
carmakers established a comprehensive tie-up in December 2009, but they have
become increasingly divided on the alliance's precise role, and have
effectively suspended their joint projects. The focus now shifts to how the
German automaker will respond to Suzuki's proposal. Suzuki came up with the
offer at an extraordinary board meeting on Monday. On Sunday, Volkswagen said
Suzuki had violated the terms of the tie-up contract by procuring diesel
engines from Italian automaker Fiat SpA. However, the Germany automaker also
said that Suzuki remains an attractive investment.
Volkswagen AG Serves Infringement Notice Against Suzuki Motor
Corporation-DJ Sep 12, 2011
Dow Jones reported that Volkswagen AG has served notice of an alleged infringement by Suzuki Motor Corporation of a cooperation agreement, escalating the discord between the two companies over plans to forge a small-car alliance. The notice concerns an alleged infringement relating to the supply of diesel engines to Suzuki produced by another manufacturer. Suzuki and Volkswagen have had a fractious relationship since the German auto maker acquired a stake in Suzuki in 2009. Despite expectations the two would develop small cars together, no new vehicle has been unveiled as a result of the alliance and Volkswagen put their relationship on review in July.
News
|
DJ Maruti Suzuki August Sales Hit by Labor
Unrest, Others Post Increase |
01-Sep-2012 |
|
Maruti Suzuki August Sales Hit by Labor Unrest,
Others Post Increase |
01-Sep-2012 |
|
: Maruti Suzuki new car sales in India
down 35.0% in Aug. on year |
01-Sep-2012 |
|
Automaker Race For Supremacy In China
Heats Up |
31-Aug-2012 |
|
Burmese President Wants Foreign Investment
Law More Open to Investors |
31-Aug-2012 |
|
Tokyo Closing Stock Prices(2) |
31-Aug-2012 |
|
Tokyo Stock Exchange: closing price list
-8- |
31-Aug-2012 |
|
MAIL TODAY COMMENT |
31-Aug-2012 |
|
WIPO PUBLISHES PATENT OF SUZUKI MOTOR FOR
"HYBRID VEHICLE DRIVE CONTROL DEVICE" (JAPANESE INVENTORS) |
31-Aug-2012 |
|
WIPO PUBLISHES PATENT OF SUZUKI MOTOR FOR
"DRIVE CONTROL DEVICE FOR HYBRID VEHICLE" (JAPANESE INVENTORS) |
31-Aug-2012 |
Articles
|
FIR against Jaipur eway authorities,
waterlogging worsens traffic chaos |
30-Aug-2012 |
|
-Suzuki Motor Corporation reveals details
of new SUV |
29-Aug-2012 |
|
Suzuki inspects Manesar plant |
28-Aug-2012 |
|
Gurgaon eway gridlock: Two-km-long snarls |
28-Aug-2012 |
|
Find root cause of Manesar violence,
Suzuki tells Hooda |
27-Aug-2012 |
|
Tokyo Stock Exchange: closing price list
-8- |
27-Aug-2012 |
|
Tokyo Stock Exchange: morning price list
-8- |
27-Aug-2012 |
|
Kyodo news summary -1- |
27-Aug-2012 |
|
Kyodo news summary -3- |
27-Aug-2012 |
|
UPDATE1: Tokyo stocks fall sharply in
morning on yen's strength |
27-Aug-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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
30,641.7 |
|
Revenue |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
30,641.7 |
|
Total Revenue |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
30,641.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
24,255.3 |
23,181.5 |
20,246.9 |
23,048.0 |
23,025.6 |
|
Cost of Revenue, Total |
24,255.3 |
23,181.5 |
20,246.9 |
23,048.0 |
23,025.6 |
|
Gross Profit |
7,560.1 |
7,255.8 |
6,319.0 |
6,856.1 |
7,616.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2,176.8 |
2,081.6 |
1,836.5 |
2,015.4 |
2,203.9 |
|
Labor & Related Expense |
852.6 |
778.8 |
729.3 |
691.6 |
638.6 |
|
Advertising Expense |
1,431.3 |
1,749.0 |
1,530.5 |
2,031.4 |
2,355.6 |
|
Total Selling/General/Administrative Expenses |
4,460.7 |
4,609.4 |
4,096.3 |
4,738.4 |
5,198.1 |
|
Research & Development |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
951.3 |
|
Depreciation |
197.3 |
188.4 |
203.1 |
213.9 |
168.0 |
|
Depreciation/Amortization |
197.3 |
188.4 |
203.1 |
213.9 |
168.0 |
|
Impairment-Assets Held for Use |
76.4 |
99.3 |
0.0 |
3.4 |
0.0 |
|
Impairment-Assets Held for Sale |
67.6 |
62.5 |
0.2 |
273.5 |
70.7 |
|
Other Unusual Expense (Income) |
228.8 |
0.0 |
- |
- |
- |
|
Unusual Expense (Income) |
372.8 |
161.8 |
0.2 |
277.0 |
70.7 |
|
Other Operating Expense |
0.0 |
- |
- |
- |
- |
|
Other Operating Expenses, Total |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
30,677.3 |
29,355.8 |
25,717.0 |
29,421.2 |
29,413.8 |
|
|
|
|
|
|
|
|
Operating Income |
1,138.1 |
1,081.5 |
848.9 |
482.8 |
1,227.9 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-60.2 |
-59.4 |
-89.0 |
-92.3 |
-82.3 |
|
Interest Expense, Net Non-Operating |
-60.2 |
-59.4 |
-89.0 |
-92.3 |
-82.3 |
|
Interest Income -
Non-Operating |
186.0 |
154.1 |
160.1 |
197.3 |
148.2 |
|
Investment Income -
Non-Operating |
88.1 |
146.0 |
55.6 |
133.6 |
-11.4 |
|
Interest/Investment Income - Non-Operating |
274.1 |
300.1 |
215.8 |
330.9 |
136.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
213.9 |
240.7 |
126.7 |
238.6 |
54.5 |
|
Gain (Loss) on Sale of Assets |
8.1 |
44.6 |
0.4 |
7.7 |
-0.1 |
|
Other Non-Operating Income (Expense) |
118.4 |
12.4 |
19.2 |
68.0 |
95.3 |
|
Other, Net |
118.4 |
12.4 |
19.2 |
68.0 |
95.3 |
|
Income Before Tax |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
1,377.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
665.9 |
617.9 |
433.2 |
398.1 |
466.9 |
|
Income After Tax |
812.7 |
761.3 |
562.1 |
399.1 |
910.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-130.2 |
-234.1 |
-251.0 |
-126.1 |
-208.6 |
|
Net Income Before Extraord Items |
682.5 |
527.2 |
311.1 |
273.0 |
702.1 |
|
Net Income |
682.5 |
527.2 |
311.1 |
273.0 |
702.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
- |
- |
- |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
- |
- |
- |
0.0 |
|
Income Available to Common Excl Extraord Items |
682.4 |
527.2 |
311.1 |
273.0 |
702.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
682.4 |
527.2 |
311.1 |
273.0 |
702.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
561.0 |
560.1 |
460.7 |
444.7 |
451.0 |
|
Basic EPS Excl Extraord Items |
1.22 |
0.94 |
0.68 |
0.61 |
1.56 |
|
Basic/Primary EPS Incl Extraord Items |
1.22 |
0.94 |
0.68 |
0.61 |
1.56 |
|
Dilution Adjustment |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Diluted Net Income |
682.7 |
527.4 |
311.3 |
273.2 |
702.3 |
|
Diluted Weighted Average Shares |
610.6 |
609.8 |
523.6 |
508.6 |
515.0 |
|
Diluted EPS Excl Extraord Items |
1.12 |
0.86 |
0.59 |
0.54 |
1.36 |
|
Diluted EPS Incl Extraord Items |
1.12 |
0.86 |
0.59 |
0.54 |
1.36 |
|
Dividends per Share - Common Stock Primary Issue |
0.19 |
0.15 |
0.13 |
0.16 |
0.14 |
|
Gross Dividends - Common Stock |
106.6 |
85.1 |
65.4 |
70.5 |
63.1 |
|
Interest Expense, Supplemental |
60.2 |
59.4 |
89.0 |
92.3 |
82.3 |
|
Depreciation, Supplemental |
197.3 |
1,614.7 |
1,526.2 |
1,405.2 |
1,413.8 |
|
Total Special Items |
364.7 |
117.2 |
-0.2 |
269.3 |
70.9 |
|
Normalized Income Before Tax |
1,843.2 |
1,496.4 |
995.1 |
1,066.4 |
1,448.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
164.2 |
52.5 |
-0.1 |
134.5 |
24.0 |
|
Inc Tax Ex Impact of Sp Items |
830.2 |
670.4 |
433.1 |
532.5 |
490.9 |
|
Normalized Income After Tax |
1,013.1 |
826.0 |
562.0 |
533.9 |
957.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
882.9 |
591.9 |
311.0 |
407.8 |
749.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.57 |
1.06 |
0.68 |
0.92 |
1.66 |
|
Diluted Normalized EPS |
1.45 |
0.97 |
0.59 |
0.80 |
1.45 |
|
Advertising Expense, Supplemental |
1,431.3 |
1,749.0 |
1,015.9 |
1,536.1 |
1,695.8 |
|
Research & Development Exp, Supplemental |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
951.3 |
|
Reported Operating Profit |
1,510.9 |
1,247.9 |
854.0 |
765.6 |
1,307.1 |
|
Reported Ordinary Profit |
1,653.4 |
1,429.6 |
1,009.7 |
792.9 |
1,372.7 |
|
Normalized EBIT |
1,510.9 |
1,243.4 |
849.1 |
759.8 |
1,298.6 |
|
Normalized EBITDA |
1,708.2 |
2,858.1 |
2,375.3 |
2,165.0 |
2,712.4 |
|
Current Tax - Total |
457.7 |
- |
- |
- |
- |
|
Current Tax - Total |
457.7 |
- |
- |
- |
- |
|
Deferred Tax - Total |
208.2 |
- |
- |
- |
- |
|
Deferred Tax - Total |
208.2 |
- |
- |
- |
- |
|
Income Tax - Total |
665.9 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
22.3 |
18.8 |
17.1 |
16.1 |
13.0 |
|
Service Cost - Domestic |
67.6 |
73.3 |
74.9 |
61.3 |
63.6 |
|
Prior Service Cost - Domestic |
-9.1 |
-8.4 |
-7.7 |
-7.1 |
-6.3 |
|
Expected Return on Assets - Domestic |
-7.3 |
-5.7 |
-2.8 |
-5.3 |
-3.9 |
|
Actuarial Gains and Losses - Domestic |
14.6 |
13.6 |
9.5 |
9.7 |
7.9 |
|
Domestic Pension Plan Expense |
88.0 |
91.6 |
91.0 |
74.6 |
74.5 |
|
Total Pension Expense |
88.0 |
91.6 |
91.0 |
74.6 |
74.5 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.70% |
0.61% |
0.58% |
0.77% |
0.85% |
|
Total Plan Interest Cost |
22.3 |
18.8 |
17.1 |
16.1 |
13.0 |
|
Total Plan Service Cost |
67.6 |
73.3 |
74.9 |
61.3 |
63.6 |
|
Total Plan Expected Return |
-7.3 |
-5.7 |
-2.8 |
-5.3 |
-3.9 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
3,540.3 |
3,152.3 |
1,577.4 |
1,386.2 |
1,300.5 |
|
Short Term Investments |
6,586.9 |
5,841.1 |
6,446.8 |
3,477.8 |
3,476.0 |
|
Cash and Short Term Investments |
10,127.3 |
8,993.4 |
8,024.2 |
4,864.0 |
4,776.5 |
|
Accounts Receivable -
Trade, Gross |
3,083.9 |
2,468.7 |
2,660.2 |
2,523.9 |
3,327.2 |
|
Provision for Doubtful
Accounts |
-68.1 |
-44.7 |
-39.6 |
-39.6 |
-45.3 |
|
Trade Accounts Receivable - Net |
3,015.8 |
2,423.9 |
2,620.6 |
2,484.3 |
3,281.9 |
|
Total Receivables, Net |
3,015.8 |
2,423.9 |
2,620.6 |
2,484.3 |
3,281.9 |
|
Inventories - Finished Goods |
2,055.0 |
1,967.7 |
1,844.2 |
2,554.0 |
3,619.7 |
|
Inventories - Work In Progress |
249.7 |
266.4 |
207.4 |
239.1 |
220.8 |
|
Inventories - Raw Materials |
604.5 |
563.8 |
476.2 |
492.7 |
587.6 |
|
Total Inventory |
2,909.3 |
2,797.9 |
2,527.8 |
3,285.8 |
4,428.2 |
|
Deferred Income Tax - Current Asset |
1,127.7 |
1,042.4 |
1,045.1 |
1,003.6 |
1,227.8 |
|
Other Current Assets |
1,143.2 |
1,307.1 |
1,614.2 |
1,198.1 |
1,185.2 |
|
Other Current Assets, Total |
2,271.0 |
2,349.5 |
2,659.4 |
2,201.7 |
2,413.1 |
|
Total Current Assets |
18,323.3 |
16,564.7 |
15,831.9 |
12,835.8 |
14,899.6 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
6,152.3 |
6,319.0 |
6,055.7 |
5,962.9 |
6,039.2 |
|
Goodwill, Net |
19.5 |
25.4 |
13.0 |
8.0 |
8.6 |
|
Intangibles, Net |
60.5 |
32.2 |
17.2 |
17.1 |
28.8 |
|
LT Investment - Affiliate Companies |
419.3 |
502.1 |
463.2 |
- |
- |
|
LT Investments - Other |
1,891.5 |
2,000.6 |
1,450.0 |
1,231.5 |
1,617.5 |
|
Long Term Investments |
2,310.9 |
2,502.6 |
1,913.2 |
1,231.5 |
1,617.5 |
|
Note Receivable - Long Term |
8.7 |
198.0 |
378.5 |
251.2 |
212.1 |
|
Deferred Income Tax - Long Term Asset |
816.8 |
980.0 |
1,083.9 |
1,257.9 |
1,023.5 |
|
Other Long Term Assets |
255.2 |
216.0 |
191.5 |
282.8 |
374.8 |
|
Other Long Term Assets, Total |
1,072.0 |
1,196.0 |
1,275.4 |
1,540.7 |
1,398.3 |
|
Total Assets |
27,947.2 |
26,838.0 |
25,484.8 |
21,847.1 |
24,204.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
4,307.8 |
3,224.0 |
4,193.9 |
3,734.0 |
6,082.0 |
|
Accrued Expenses |
1,704.0 |
1,681.6 |
1,298.7 |
1,402.4 |
1,557.3 |
|
Notes Payable/Short Term Debt |
2,069.1 |
2,154.4 |
2,368.6 |
4,039.8 |
1,899.5 |
|
Current Portion - Long Term Debt/Capital Leases |
2,451.2 |
720.5 |
424.0 |
446.0 |
73.6 |
|
Income Taxes Payable |
257.0 |
133.5 |
140.5 |
63.6 |
249.7 |
|
Other Current Liabilities |
1,798.4 |
1,807.5 |
1,569.1 |
1,300.5 |
1,860.3 |
|
Other Current liabilities, Total |
2,055.4 |
1,941.0 |
1,709.7 |
1,364.1 |
2,110.1 |
|
Total Current Liabilities |
12,587.5 |
9,721.5 |
9,994.8 |
10,986.3 |
11,722.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
817.6 |
2,971.9 |
3,061.6 |
2,558.8 |
2,554.5 |
|
Total Long Term Debt |
817.6 |
2,971.9 |
3,061.6 |
2,558.8 |
2,554.5 |
|
Total Debt |
5,337.9 |
5,846.8 |
5,854.2 |
7,044.5 |
4,527.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
13.8 |
3.7 |
35.3 |
54.5 |
80.1 |
|
Deferred Income Tax |
13.8 |
3.7 |
35.3 |
54.5 |
80.1 |
|
Minority Interest |
1,505.2 |
1,658.1 |
1,474.5 |
1,047.7 |
1,248.7 |
|
Reserves |
296.2 |
78.0 |
76.1 |
85.3 |
92.1 |
|
Pension Benefits - Underfunded |
461.3 |
465.3 |
436.5 |
442.3 |
482.6 |
|
Other Long Term Liabilities |
276.2 |
241.1 |
217.9 |
198.2 |
201.2 |
|
Other Liabilities, Total |
1,033.7 |
784.3 |
730.5 |
725.9 |
775.9 |
|
Total Liabilities |
15,957.8 |
15,139.5 |
15,296.7 |
15,373.2 |
16,381.7 |
|
|
|
|
|
|
|
|
Common Stock |
1,675.2 |
1,665.2 |
1,442.7 |
1,217.1 |
1,207.7 |
|
Common Stock |
1,675.2 |
1,665.2 |
1,442.7 |
1,217.1 |
1,207.7 |
|
Additional Paid-In Capital |
1,752.3 |
1,741.8 |
1,510.6 |
1,398.6 |
1,387.9 |
|
Retained Earnings (Accumulated Deficit) |
10,126.8 |
9,510.9 |
8,030.4 |
7,444.9 |
7,207.1 |
|
Treasury Stock - Common |
-1.0 |
-0.9 |
-0.7 |
-2,448.9 |
-2,205.2 |
|
Unrealized Gain (Loss) |
348.9 |
302.9 |
186.8 |
20.1 |
259.1 |
|
Translation Adjustment |
-1,912.9 |
-1,521.3 |
-981.6 |
-1,157.9 |
-34.0 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-1,912.9 |
-1,521.3 |
-981.6 |
-1,157.9 |
-34.0 |
|
Total Equity |
11,989.4 |
11,698.6 |
10,188.2 |
6,473.9 |
7,822.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
27,947.2 |
26,838.0 |
25,484.9 |
21,847.1 |
24,204.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
561.0 |
561.0 |
557.3 |
434.6 |
451.1 |
|
Total Common Shares Outstanding |
561.0 |
561.0 |
557.3 |
434.6 |
451.1 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.1 |
108.0 |
91.6 |
|
Employees |
54,484 |
52,731 |
51,503 |
50,613 |
50,241 |
|
Number of Common Shareholders |
46,121 |
50,284 |
50,812 |
39,339 |
33,780 |
|
Total Long Term Debt, Supplemental |
3,408.9 |
3,814.7 |
3,485.6 |
3,004.7 |
2,628.1 |
|
Long Term Debt Maturing within 1 Year |
2,451.2 |
842.8 |
424.0 |
446.0 |
73.6 |
|
Long Term Debt Maturing in Year 2 |
326.6 |
2,395.4 |
593.7 |
202.7 |
445.3 |
|
Long Term Debt Maturing in Year 3 |
268.3 |
228.1 |
2,059.1 |
297.1 |
218.1 |
|
Long Term Debt Maturing in Year 4 |
185.8 |
179.0 |
134.1 |
1,752.9 |
123.0 |
|
Long Term Debt Maturing in Year 5 |
36.9 |
130.5 |
117.4 |
127.9 |
1,629.6 |
|
Long Term Debt Maturing in 2-3 Years |
594.9 |
2,623.5 |
2,652.8 |
499.8 |
663.3 |
|
Long Term Debt Maturing in 4-5 Years |
222.7 |
309.5 |
251.5 |
1,880.7 |
1,752.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
140.1 |
38.8 |
157.3 |
178.2 |
138.6 |
|
Total Capital Leases, Supplemental |
1.0 |
1.6 |
1.5 |
1.8 |
- |
|
Capital Lease Payments Due in Year 1 |
0.6 |
0.7 |
0.8 |
0.8 |
- |
|
Capital Lease Payments Due in Year 2 |
0.2 |
0.6 |
0.4 |
0.5 |
- |
|
Capital Lease Payments Due in Year 3 |
0.1 |
0.2 |
0.2 |
0.3 |
- |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.1 |
0.1 |
0.1 |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.4 |
0.7 |
0.6 |
0.8 |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.1 |
0.1 |
0.2 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Pension Obligation - Domestic |
1,285.1 |
1,262.4 |
1,102.6 |
1,061.9 |
1,095.1 |
|
Plan Assets - Domestic |
928.3 |
847.3 |
704.6 |
628.5 |
632.1 |
|
Funded Status - Domestic |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
-463.0 |
|
Total Funded Status |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
-463.0 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.70% |
0.61% |
0.58% |
0.77% |
0.85% |
|
Prepaid Benefits - Domestic |
45.5 |
0.0 |
- |
- |
- |
|
Accrued Liabilities - Domestic |
-444.8 |
-447.9 |
-421.0 |
-426.1 |
-466.1 |
|
Other Assets, Net - Domestic |
-42.5 |
-32.9 |
-22.9 |
7.2 |
-3.1 |
|
Net Assets Recognized on Balance Sheet |
-441.8 |
-480.8 |
-443.9 |
-418.9 |
-469.2 |
|
Total Plan Obligations |
1,285.1 |
1,262.4 |
1,102.6 |
1,061.9 |
1,095.1 |
|
Total Plan Assets |
928.3 |
847.3 |
704.6 |
628.5 |
632.1 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
1,377.6 |
|
Depreciation |
1,305.9 |
1,614.7 |
1,526.2 |
1,405.2 |
1,413.8 |
|
Depreciation/Depletion |
1,305.9 |
1,614.7 |
1,526.2 |
1,405.2 |
1,413.8 |
|
Unusual Items |
21.8 |
157.5 |
0.2 |
277.0 |
70.7 |
|
Equity in Net Earnings (Loss) |
0.8 |
-48.6 |
-7.4 |
12.4 |
-4.0 |
|
Other Non-Cash Items |
62.6 |
-142.5 |
-118.4 |
-169.6 |
-125.0 |
|
Non-Cash Items |
85.2 |
-33.6 |
-125.7 |
119.8 |
-58.3 |
|
Accounts Receivable |
-744.3 |
424.9 |
87.2 |
473.9 |
-138.5 |
|
Inventories |
-266.7 |
-91.2 |
1,032.8 |
604.2 |
-507.5 |
|
Accounts Payable |
1,232.0 |
-1,376.9 |
181.4 |
-2,052.2 |
375.1 |
|
Payable/Accrued |
84.5 |
272.7 |
-209.9 |
-49.6 |
-17.2 |
|
Other Operating Cash Flow |
-304.0 |
452.9 |
24.4 |
-957.8 |
-756.0 |
|
Changes in Working Capital |
1.5 |
-317.5 |
1,115.9 |
-1,981.4 |
-1,044.1 |
|
Cash from Operating Activities |
2,871.3 |
2,642.8 |
3,511.6 |
340.8 |
1,689.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,509.7 |
-1,513.9 |
-1,389.4 |
-2,012.3 |
-1,884.9 |
|
Capital Expenditures |
-1,509.7 |
-1,513.9 |
-1,389.4 |
-2,012.3 |
-1,884.9 |
|
Sale of Fixed Assets |
47.5 |
79.6 |
68.4 |
50.2 |
53.1 |
|
Sale/Maturity of Investment |
1,583.8 |
5,105.7 |
4,270.0 |
668.1 |
1,209.1 |
|
Purchase of Investments |
-1,646.2 |
-4,850.8 |
-5,708.2 |
-1,253.9 |
-1,370.1 |
|
Other Investing Cash Flow |
338.7 |
159.8 |
-278.2 |
-68.5 |
103.8 |
|
Other Investing Cash Flow Items, Total |
323.8 |
494.3 |
-1,647.9 |
-604.1 |
-4.1 |
|
Cash from Investing Activities |
-1,185.9 |
-1,019.7 |
-3,037.2 |
-2,616.4 |
-1,889.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-25.2 |
-40.8 |
-19.6 |
-19.2 |
-11.1 |
|
Financing Cash Flow Items |
-25.2 |
-40.8 |
-19.6 |
-19.2 |
-11.1 |
|
Cash Dividends Paid - Common |
-99.5 |
-84.8 |
-60.7 |
-71.8 |
-63.1 |
|
Total Cash Dividends Paid |
-99.5 |
-84.8 |
-60.7 |
-71.8 |
-63.1 |
|
Sale/Issuance of
Common |
0.0 |
75.0 |
2,393.8 |
0.0 |
0.0 |
|
Repurchase/Retirement
of Common |
- |
-0.2 |
0.0 |
-222.8 |
-0.2 |
|
Common Stock, Net |
0.0 |
74.8 |
2,393.8 |
-222.7 |
-0.2 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
74.8 |
2,393.8 |
-222.7 |
-0.2 |
|
Short Term Debt, Net |
-158.1 |
-666.1 |
-1,840.7 |
2,125.5 |
278.8 |
|
Long Term Debt Issued |
379.3 |
287.3 |
844.5 |
525.4 |
237.0 |
|
Long Term Debt
Reduction |
-812.6 |
-445.3 |
-204.2 |
-19.5 |
-10.0 |
|
Long Term Debt, Net |
-433.3 |
-158.0 |
640.3 |
505.8 |
227.0 |
|
Issuance (Retirement) of Debt, Net |
-591.4 |
-824.1 |
-1,200.4 |
2,631.3 |
505.8 |
|
Cash from Financing Activities |
-716.0 |
-875.0 |
1,113.0 |
2,317.5 |
431.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
26.2 |
-182.6 |
70.5 |
-326.2 |
-126.2 |
|
Net Change in Cash |
995.5 |
565.6 |
1,657.9 |
-284.3 |
105.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,003.0 |
6,808.8 |
4,619.8 |
4,541.7 |
3,887.4 |
|
Net Cash - Ending Balance |
8,998.5 |
7,374.4 |
6,277.7 |
4,257.4 |
3,992.6 |
|
Cash Interest Paid |
51.7 |
58.5 |
84.9 |
74.6 |
79.7 |
|
Cash Taxes Paid |
374.1 |
381.0 |
184.6 |
473.0 |
747.8 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
30,641.7 |
|
Total Revenue |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
30,641.7 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Total |
24,255.3 |
23,181.5 |
20,246.9 |
23,048.0 |
23,025.6 |
|
Prov. for compensation of manufacture |
2.4 |
- |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
1,011.1 |
- |
- |
- |
- |
|
Delivery expenses |
697.9 |
669.7 |
604.8 |
586.0 |
753.1 |
|
Advertisement expenses |
553.1 |
560.5 |
567.3 |
792.8 |
900.7 |
|
Sales incentive expenses |
513.3 |
562.2 |
514.6 |
495.3 |
659.8 |
|
Sales promotion expenses |
364.9 |
626.3 |
448.6 |
743.3 |
795.1 |
|
Payrolls |
812.2 |
734.0 |
685.8 |
652.6 |
594.8 |
|
Depreciation expense |
197.3 |
183.9 |
198.2 |
208.1 |
159.5 |
|
Research & Development |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
951.3 |
|
Provision for doubtful accounts(SGA) |
36.8 |
5.7 |
2.4 |
- |
- |
|
Provision for directors' bonuses |
2.4 |
2.2 |
1.8 |
2.7 |
4.9 |
|
Periodic retirement benefit costs |
38.0 |
42.6 |
41.0 |
36.2 |
38.9 |
|
Reserve for officers retirement |
- |
- |
0.7 |
0.0 |
0.1 |
|
Provision for product compensation |
- |
- |
- |
12.1 |
- |
|
Provision for product guarantee |
427.6 |
439.4 |
397.9 |
312.9 |
389.0 |
|
Reserve for recycling |
0.9 |
0.3 |
0.3 |
0.5 |
0.8 |
|
Other SGA |
- |
966.5 |
831.1 |
1,103.9 |
1,060.9 |
|
Provision for disaster |
228.8 |
- |
- |
- |
- |
|
SP Provision for Disaster |
- |
0.0 |
- |
- |
- |
|
SP Impairment Loss |
76.4 |
99.3 |
0.0 |
3.4 |
0.0 |
|
NOP Deprec.Rent Asset |
- |
4.6 |
4.8 |
5.8 |
8.5 |
|
NOP Loss Val.Mkbl.Secs. |
67.6 |
62.5 |
0.2 |
273.5 |
70.7 |
|
Total Operating Expense |
30,677.3 |
29,355.8 |
25,717.0 |
29,421.2 |
29,413.8 |
|
|
|
|
|
|
|
|
NOP Interest Income |
186.0 |
154.1 |
160.1 |
197.3 |
148.2 |
|
Foreign Exchange Losses |
-70.4 |
- |
- |
- |
- |
|
Equity In Losses Of Affiliates |
-0.8 |
- |
- |
- |
- |
|
NOP Divdend Income |
37.1 |
23.2 |
13.9 |
26.2 |
18.1 |
|
Depreciation Of Assets For Rent |
-3.5 |
- |
- |
- |
- |
|
Provision Of Allowance For Investment Lo |
-0.4 |
- |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP Rent Income |
14.9 |
12.6 |
9.8 |
8.3 |
7.3 |
|
NOP G Foreign exchange gain |
0.0 |
69.9 |
49.1 |
119.8 |
0.0 |
|
NOP Equity Gain |
0.0 |
48.6 |
7.4 |
0.0 |
4.0 |
|
Miscellaneous income |
186.1 |
134.2 |
123.2 |
127.4 |
128.8 |
|
NOP Interest expenses |
-60.2 |
-59.4 |
-89.0 |
-92.3 |
-82.3 |
|
NOP Provision of allowance for invest. |
- |
0.0 |
- |
- |
- |
|
NOP Equity losses |
- |
0.0 |
0.0 |
-12.4 |
0.0 |
|
NOP Exchange Loss |
- |
0.0 |
- |
0.0 |
-38.4 |
|
Miscellaneous expenses |
-78.8 |
-134.5 |
-113.8 |
-67.6 |
-40.8 |
|
SP Gain Sale Inv.Secs. |
122.2 |
4.3 |
1.6 |
0.0 |
5.0 |
|
SP Gain Sale Fix Asset |
16.5 |
50.0 |
8.9 |
14.7 |
7.3 |
|
SP Loss Sale Fix Asset |
-8.4 |
-5.4 |
-8.5 |
-7.0 |
-7.5 |
|
SP Loss Sale Inv.Secs. |
0.0 |
0.0 |
-16.4 |
0.0 |
0.0 |
|
Net Income Before Taxes |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
1,377.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
665.9 |
617.9 |
433.2 |
398.1 |
466.9 |
|
Net Income After Taxes |
812.7 |
761.3 |
562.1 |
399.1 |
910.7 |
|
|
|
|
|
|
|
|
Minority interests in income |
-130.2 |
-234.1 |
-251.0 |
-126.1 |
-208.6 |
|
Net Income Before Extra. Items |
682.5 |
527.2 |
311.1 |
273.0 |
702.1 |
|
Net Income |
682.5 |
527.2 |
311.1 |
273.0 |
702.1 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Earning Adjustment |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
682.4 |
527.2 |
311.1 |
273.0 |
702.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
682.4 |
527.2 |
311.1 |
273.0 |
702.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
561.0 |
560.1 |
460.7 |
444.7 |
451.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.22 |
0.94 |
0.68 |
0.61 |
1.56 |
|
Basic EPS Including ExtraOrdinary Item |
1.22 |
0.94 |
0.68 |
0.61 |
1.56 |
|
Dilution Adjustment |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Diluted Net Income |
682.7 |
527.4 |
311.3 |
273.2 |
702.3 |
|
Diluted Weighted Average Shares |
610.6 |
609.8 |
523.6 |
508.6 |
515.0 |
|
Diluted EPS Excluding ExtraOrd Items |
1.12 |
0.86 |
0.59 |
0.54 |
1.36 |
|
Diluted EPS Including ExtraOrd Items |
1.12 |
0.86 |
0.59 |
0.54 |
1.36 |
|
DPS-Common Stock |
0.19 |
0.15 |
0.13 |
0.16 |
0.14 |
|
Gross Dividends - Common Stock |
106.6 |
85.1 |
65.4 |
70.5 |
63.1 |
|
Normalized Income Before Taxes |
1,843.2 |
1,496.4 |
995.1 |
1,066.4 |
1,448.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
830.2 |
670.4 |
433.1 |
532.5 |
490.9 |
|
Normalized Income After Taxes |
1,013.1 |
826.0 |
562.0 |
533.9 |
957.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
882.9 |
591.9 |
311.0 |
407.8 |
749.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.57 |
1.06 |
0.68 |
0.92 |
1.66 |
|
Diluted Normalized EPS |
1.45 |
0.97 |
0.59 |
0.80 |
1.45 |
|
Sales incentive expenses |
513.3 |
562.2 |
- |
- |
- |
|
Advertisement expense |
553.1 |
560.5 |
567.3 |
792.8 |
900.7 |
|
Sales promotion expenses |
364.9 |
626.3 |
448.6 |
743.3 |
795.1 |
|
Interest expense, supplemental |
60.2 |
59.4 |
89.0 |
92.3 |
82.3 |
|
Depreciation, SGA |
197.3 |
- |
- |
- |
- |
|
Depreciation, supplemental |
- |
1,614.7 |
1,526.2 |
1,405.2 |
1,413.8 |
|
Research & development (SGA) |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
951.3 |
|
Research & development (COGS) |
- |
- |
- |
0.0 |
0.0 |
|
Income taxes-current |
457.7 |
- |
- |
- |
- |
|
Current Tax - Total |
457.7 |
- |
- |
- |
- |
|
Income taxes-deferred |
208.2 |
- |
- |
- |
- |
|
Deferred Tax - Total |
208.2 |
- |
- |
- |
- |
|
Income Tax - Total |
665.9 |
- |
- |
- |
- |
|
Reported Operating Profit |
1,510.9 |
1,247.9 |
854.0 |
765.6 |
1,307.1 |
|
Reported Ordinary Profit |
1,653.4 |
1,429.6 |
1,009.7 |
792.9 |
1,372.7 |
|
Service Cost |
67.6 |
73.3 |
74.9 |
61.3 |
63.6 |
|
Interest Cost |
22.3 |
18.8 |
17.1 |
16.1 |
13.0 |
|
Expected Return on Plan Assets |
-7.3 |
-5.7 |
-2.8 |
-5.3 |
-3.9 |
|
Actuarial Gains and Losses |
14.6 |
13.6 |
9.5 |
9.7 |
7.9 |
|
Prior Service Cost |
-9.1 |
-8.4 |
-7.7 |
-7.1 |
-6.3 |
|
Domestic Pension Plan Expense |
88.0 |
91.6 |
91.0 |
74.6 |
74.5 |
|
Total Pension Expense |
88.0 |
91.6 |
91.0 |
74.6 |
74.5 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
2.00% |
- |
- |
- |
|
Discount Rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
0.70% |
0.61% |
- |
- |
- |
|
Expected Rate of Return |
- |
- |
0.58% |
0.77% |
0.85% |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
3,540.3 |
3,152.3 |
1,577.4 |
1,386.2 |
1,300.5 |
|
Notes and accounts receivable-trade |
3,083.9 |
2,468.7 |
2,660.2 |
2,523.9 |
3,327.2 |
|
Short-term investment securities |
6,586.9 |
5,841.1 |
6,446.8 |
3,477.8 |
3,476.0 |
|
Inventories - finished goods&merchandise |
2,055.0 |
1,967.7 |
1,844.2 |
2,554.0 |
3,619.7 |
|
Inventories - work-in-process |
249.7 |
266.4 |
207.4 |
239.1 |
220.8 |
|
Inventories - raw materials&supplies |
604.5 |
563.8 |
476.2 |
492.7 |
587.6 |
|
Dfrd. Income Tax |
1,127.7 |
1,042.4 |
1,045.1 |
1,003.6 |
1,227.8 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Current |
1,143.2 |
1,307.1 |
1,614.2 |
1,198.1 |
1,185.2 |
|
Allow.Doubt.Acct |
-68.1 |
-44.7 |
-39.6 |
-39.6 |
-45.3 |
|
Total Current Assets |
18,323.3 |
16,564.7 |
15,831.9 |
12,835.8 |
14,899.6 |
|
|
|
|
|
|
|
|
Other total PPE |
0.0 |
- |
- |
- |
- |
|
Buildings and structures, net |
1,387.3 |
1,404.9 |
1,382.3 |
1,303.7 |
1,123.1 |
|
Machinery, equipment and vehicles, net |
1,672.7 |
1,839.4 |
2,159.6 |
2,347.6 |
2,332.5 |
|
Tools, furniture and fixtures, net |
153.6 |
296.5 |
216.0 |
259.7 |
365.7 |
|
Land |
2,244.0 |
2,222.6 |
1,932.1 |
1,668.7 |
1,648.7 |
|
Constr.in Progr. |
694.8 |
555.7 |
365.7 |
383.2 |
569.2 |
|
Other Total Intangible Assets, Net |
0.0 |
- |
- |
- |
- |
|
Goodwill |
19.5 |
25.4 |
13.0 |
8.0 |
8.6 |
|
Other Intangible |
60.5 |
32.2 |
17.2 |
17.1 |
28.8 |
|
Other LT investments |
1,891.5 |
- |
- |
- |
- |
|
Investment Secs. |
- |
2,000.6 |
1,450.0 |
1,231.5 |
1,617.5 |
|
Invt Secs Noncons, Asc, Affd Cos |
134.6 |
- |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
284.8 |
- |
- |
- |
- |
|
Inv. Securities.affiliates&sub. |
- |
206.4 |
177.6 |
- |
- |
|
Inv't partnership-nonconsol.affil.&sub. |
- |
295.7 |
285.6 |
- |
- |
|
Long-term loans receivable |
8.7 |
198.0 |
378.5 |
251.2 |
212.1 |
|
Deferred tax assets |
816.8 |
980.0 |
1,083.9 |
1,257.9 |
1,023.5 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
265.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Asset |
- |
227.6 |
204.5 |
323.9 |
385.7 |
|
Res.Val. Stock |
-0.4 |
-1.1 |
-2.3 |
-30.5 |
-0.9 |
|
Allow.Doubt.Acct |
-9.5 |
-10.4 |
-10.7 |
-10.7 |
-10.1 |
|
Total Assets |
27,947.2 |
26,838.0 |
25,484.8 |
21,847.1 |
24,204.1 |
|
|
|
|
|
|
|
|
Accounts payable-trade |
4,307.8 |
3,224.0 |
4,193.9 |
3,734.0 |
6,082.0 |
|
Short-term loans payable |
2,069.1 |
2,154.4 |
2,368.6 |
4,039.8 |
1,899.5 |
|
Current portion of bonds with subscripti |
1,820.4 |
- |
- |
- |
- |
|
Convertible bonds (current) |
- |
- |
0.0 |
299.7 |
0.0 |
|
Current portion of long-term loans payab |
630.8 |
720.5 |
424.0 |
146.2 |
73.6 |
|
Bonds w/stock warrants (current) |
- |
0.0 |
- |
- |
- |
|
Cur. Port. Bond |
- |
- |
- |
- |
0.0 |
|
Accrued Expense |
1,701.2 |
1,678.7 |
1,296.4 |
1,399.7 |
1,551.7 |
|
Income Tax Pybl. |
257.0 |
133.5 |
140.5 |
63.6 |
249.7 |
|
Rounding adjustment Liability |
0.1 |
- |
- |
- |
- |
|
Res.Warranty |
738.8 |
794.4 |
649.8 |
580.9 |
633.2 |
|
Provision for directors'' bonuses |
2.9 |
2.9 |
2.3 |
2.7 |
5.6 |
|
Other current liabilities |
1,059.5 |
1,013.1 |
919.4 |
719.7 |
1,227.2 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Current Liabilities |
12,587.5 |
9,721.5 |
9,994.8 |
10,986.3 |
11,722.4 |
|
|
|
|
|
|
|
|
Convert. Bond |
- |
- |
- |
0.0 |
297.4 |
|
Bond with subscription rights |
0.0 |
1,809.5 |
1,605.0 |
1,518.4 |
1,506.8 |
|
Long-term loans payable |
817.6 |
1,162.3 |
1,456.6 |
1,040.4 |
750.3 |
|
Total Long Term Debt |
817.6 |
2,971.9 |
3,061.6 |
2,558.8 |
2,554.5 |
|
|
|
|
|
|
|
|
Res.Accru.Retire |
444.8 |
447.9 |
421.0 |
426.1 |
466.1 |
|
Provision for directors'' retirement ben |
16.5 |
17.4 |
15.6 |
16.2 |
16.5 |
|
Provision for Disater |
219.3 |
- |
- |
- |
- |
|
Provision for Disater |
- |
0.0 |
- |
- |
- |
|
Res.Oblig.Repara |
60.8 |
62.9 |
62.6 |
72.8 |
80.3 |
|
Recycle reserve |
16.1 |
15.1 |
13.5 |
12.5 |
11.9 |
|
Dfrd.Tax Liab. |
13.8 |
3.7 |
35.3 |
54.5 |
80.1 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Other Fix Liab. |
276.2 |
241.1 |
217.9 |
198.2 |
201.2 |
|
Minority Int. |
1,505.2 |
1,658.1 |
1,474.5 |
1,047.7 |
1,248.7 |
|
Total Liabilities |
15,957.8 |
15,139.5 |
15,296.7 |
15,373.2 |
16,381.7 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
1,675.2 |
1,665.2 |
1,442.7 |
1,217.1 |
1,207.7 |
|
Total capital surpluses |
1,752.3 |
1,741.8 |
1,510.6 |
1,398.6 |
1,387.9 |
|
Total retained earnings |
10,126.8 |
9,510.9 |
8,030.4 |
7,444.9 |
7,207.1 |
|
Treasury Stock |
-1.0 |
-0.9 |
-0.7 |
-2,448.9 |
-2,205.2 |
|
Valuation difference on available-for-sa |
362.5 |
310.3 |
177.1 |
23.4 |
166.3 |
|
Deferred hedge gain/loss |
-13.6 |
-7.4 |
9.7 |
-3.3 |
92.8 |
|
Translation Adj. |
-1,912.9 |
-1,521.3 |
-981.6 |
-1,157.9 |
-34.0 |
|
Total Equity |
11,989.4 |
11,698.6 |
10,188.2 |
6,473.9 |
7,822.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
27,947.2 |
26,838.0 |
25,484.9 |
21,847.1 |
24,204.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
561.0 |
561.0 |
557.3 |
434.6 |
451.1 |
|
Total Common Shares Outstanding |
561.0 |
561.0 |
557.3 |
434.6 |
451.1 |
|
T/S-Common Stock |
0.1 |
0.1 |
0.1 |
108.0 |
91.6 |
|
Full-Time Employees |
54,484 |
52,731 |
51,503 |
50,613 |
50,241 |
|
Total Number of Shareholders |
46,121 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
50,284 |
50,812 |
39,339 |
33,780 |
|
Bond Redemption Amounts within A Year |
1,820.4 |
- |
- |
- |
- |
|
LT Debt <1Yr. |
630.8 |
842.8 |
424.0 |
446.0 |
73.6 |
|
Over One Year And Within Two Years |
0.0 |
- |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
326.6 |
- |
- |
- |
- |
|
LT Debt <2Yr. |
- |
2,395.4 |
593.7 |
202.7 |
445.3 |
|
Over Two Years And Within Three Years |
0.0 |
- |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
268.3 |
- |
- |
- |
- |
|
LT Debt <3Yr. |
- |
228.1 |
2,059.1 |
297.1 |
218.1 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
185.8 |
- |
- |
- |
- |
|
LT Debt <4Yr. |
- |
179.0 |
134.1 |
1,752.9 |
123.0 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
36.9 |
- |
- |
- |
- |
|
LT Debt <5Yr. |
- |
130.5 |
117.4 |
127.9 |
1,629.6 |
|
Division And End Of Current Period Remai |
140.0 |
- |
- |
- |
- |
|
Other remaining LT debt |
0.0 |
- |
- |
- |
- |
|
LT Debt Remaining |
- |
38.8 |
157.3 |
178.2 |
138.6 |
|
Total Long Term Debt, Supplemental |
3,408.9 |
3,814.7 |
3,485.6 |
3,004.7 |
2,628.1 |
|
Capital Leases Maturing within 1 Year |
0.6 |
0.7 |
0.8 |
0.8 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.2 |
- |
- |
- |
- |
|
Capital Leases Maturing within 2 Years |
- |
0.6 |
0.4 |
0.5 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.1 |
- |
- |
- |
- |
|
Capital Leases Maturing within 3 Years |
- |
0.2 |
0.2 |
0.3 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.0 |
- |
- |
- |
- |
|
Capital Leases Maturing within 4 Years |
- |
0.1 |
0.1 |
0.1 |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.0 |
- |
- |
- |
- |
|
Capital Leases Maturing within 5 Years |
- |
0.0 |
0.0 |
0.0 |
- |
|
Other remaining capital lease |
0.0 |
- |
- |
- |
- |
|
Capital Leases - Remaining Maturities |
- |
0.0 |
0.0 |
0.0 |
- |
|
Total Capital Leases |
1.0 |
1.6 |
1.5 |
1.8 |
- |
|
Pension Obligation |
1,285.1 |
1,262.4 |
1,102.6 |
1,061.9 |
1,095.1 |
|
Fair Value of Plan Assets |
928.3 |
847.3 |
704.6 |
628.5 |
632.1 |
|
Funded Status |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
-463.0 |
|
Total Funded Status |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
-463.0 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
0.70% |
0.61% |
0.58% |
0.77% |
0.85% |
|
Prepaid Pension Expense |
45.5 |
0.0 |
- |
- |
- |
|
Unrecognized Actuarial Gains and Losses |
16.7 |
32.6 |
42.9 |
76.7 |
73.1 |
|
Unrecognized Prior Service Cost |
-59.2 |
-65.5 |
-65.8 |
-69.5 |
-76.2 |
|
Reserve for Accrued Retirement Benefits |
-444.8 |
-447.9 |
-421.0 |
-426.1 |
-466.1 |
|
Net Assets Recognized on Balance Sheet |
-441.8 |
-480.8 |
-443.9 |
-418.9 |
-469.2 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Income Before Tax |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
1,377.6 |
|
Depreciation |
1,305.9 |
1,614.7 |
1,526.2 |
1,405.2 |
1,413.8 |
|
Loss (gain) on sales of investment secur |
-122.2 |
- |
- |
- |
- |
|
Impairment Loss |
76.4 |
99.3 |
0.0 |
3.4 |
0.0 |
|
Increase(Decrease) in Provision for Disa |
228.8 |
- |
- |
- |
- |
|
Increase (decrease) in provision for ret |
-3.2 |
-24.7 |
-33.4 |
-38.4 |
-32.5 |
|
Incre.(Dec.) in Provision for Disaster |
- |
0.0 |
- |
- |
- |
|
Int. & Div. Income |
-223.1 |
-177.3 |
-174.1 |
-223.5 |
-166.3 |
|
Interest Expense |
60.2 |
59.4 |
89.0 |
92.3 |
82.3 |
|
Equity in (earnings) losses of affiliate |
0.8 |
-48.6 |
-7.4 |
12.4 |
-4.0 |
|
Loss (gain) on valuation of securities |
67.6 |
62.5 |
0.2 |
273.5 |
70.7 |
|
G/L on sale of LT inv't in secs. |
- |
-4.3 |
- |
- |
- |
|
Decrease (increase) in notes and account |
-744.3 |
424.9 |
87.2 |
473.9 |
-138.5 |
|
Decrease (increase) in inventories |
-266.7 |
-91.2 |
1,032.8 |
604.2 |
-507.5 |
|
Increase (decrease) in notes and account |
1,232.0 |
-1,376.9 |
181.4 |
-2,052.2 |
375.1 |
|
Increase (decrease) in accrued expenses |
84.5 |
272.7 |
-209.9 |
-49.6 |
-17.2 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
-122.7 |
731.1 |
111.3 |
-617.8 |
-91.1 |
|
Int. & Div. Rcvd. |
244.6 |
161.3 |
182.5 |
207.6 |
162.5 |
|
Interest expenses paid |
-51.7 |
-58.5 |
-84.9 |
-74.6 |
-79.7 |
|
Income taxes paid, cash basis |
-374.1 |
-381.0 |
-184.6 |
-473.0 |
-747.8 |
|
Consosl.Change Term |
- |
- |
- |
0.0 |
-8.6 |
|
Cash from Operating Activities |
2,871.3 |
2,642.8 |
3,511.6 |
340.8 |
1,689.0 |
|
|
|
|
|
|
|
|
Time Depo.Made |
-541.9 |
-1,028.9 |
-493.3 |
-933.4 |
-567.3 |
|
Proceeds From Sales And Redemption Of In |
316.9 |
- |
- |
- |
- |
|
Time Depo.Matured |
517.7 |
581.0 |
802.7 |
552.8 |
556.6 |
|
Purchase of short-term investment securi |
-1,071.8 |
-3,522.5 |
-4,999.2 |
-81.7 |
-487.5 |
|
Proceeds from sales of short-term invest |
749.2 |
4,512.6 |
3,368.0 |
85.4 |
593.8 |
|
Purchase of property, plant and equipmen |
-1,509.7 |
-1,513.9 |
-1,389.4 |
-2,012.3 |
-1,884.9 |
|
Proceeds from sales of property, plant a |
47.5 |
79.6 |
68.4 |
50.2 |
53.1 |
|
Pay.Purch.Inv.Secs. |
-27.7 |
-294.4 |
-188.4 |
-238.8 |
-251.6 |
|
Proc.Sale Inv.Secs. |
- |
12.1 |
99.1 |
29.9 |
58.7 |
|
Purchase of subs.' securities |
- |
0.0 |
-4.0 |
- |
- |
|
Sale subsidiaries' securities |
- |
0.0 |
0.2 |
- |
- |
|
Inv't made to closely held company |
-4.9 |
-5.0 |
-23.3 |
0.0 |
-63.6 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Loans Made |
-5.8 |
-3.8 |
-438.7 |
-76.9 |
-196.8 |
|
Loans Collected |
364.2 |
190.6 |
167.1 |
11.1 |
307.3 |
|
Other, net |
-19.7 |
-27.0 |
-6.6 |
-2.8 |
-6.8 |
|
Cash from Investing Activities |
-1,185.9 |
-1,019.7 |
-3,037.2 |
-2,616.4 |
-1,889.0 |
|
|
|
|
|
|
|
|
Increase (decrease) in short-term loans |
-158.1 |
-666.1 |
-1,840.7 |
2,125.5 |
278.8 |
|
Issue Bond/LT Debt |
- |
- |
- |
0.0 |
- |
|
Proceeds from long-term loans payable |
379.3 |
287.3 |
844.5 |
525.4 |
237.0 |
|
Redempt.Bond/LT Debt |
- |
- |
- |
0.0 |
-10.0 |
|
Repayment of long-term loans payable |
-812.6 |
-445.3 |
-204.2 |
-19.5 |
0.0 |
|
Proc. Issue Stock |
0.0 |
75.0 |
0.0 |
- |
- |
|
Dividend Paid |
-99.5 |
-84.8 |
-60.7 |
-71.8 |
-63.1 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Div.Paid Minority |
-24.7 |
-40.6 |
-14.4 |
-18.9 |
-17.7 |
|
Purch.Treas.Stock |
- |
-0.2 |
0.0 |
-222.8 |
-0.2 |
|
Sale of treasuries |
- |
0.0 |
2,393.8 |
0.0 |
0.0 |
|
Other, net |
-0.5 |
-0.2 |
-5.2 |
-0.4 |
6.6 |
|
Cash from Financing Activities |
-716.0 |
-875.0 |
1,113.0 |
2,317.5 |
431.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
26.2 |
-182.6 |
70.5 |
-326.2 |
-126.2 |
|
Net Change in Cash |
995.5 |
565.6 |
1,657.9 |
-284.3 |
105.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,003.0 |
6,808.8 |
4,619.8 |
4,541.7 |
3,887.4 |
|
Net Cash - Ending Balance |
8,998.5 |
7,374.4 |
6,277.7 |
4,257.4 |
3,992.6 |
|
Cash Interest Paid |
51.7 |
58.5 |
84.9 |
74.6 |
79.7 |
|
Cash Taxes Paid |
374.1 |
381.0 |
184.6 |
473.0 |
747.8 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.72 |
|
UK Pound |
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
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.