MIRA
INFORM REPORT
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Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
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Name : |
KOMATSU LTD |
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Registered Office : |
Komatsu Bldg., 2-3-6, Akasaka, Minato-Ku,
Tokyo, 107-8414 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
13.05.1921 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufactures, develops, markets and sells construction machinery and
vehicles, as well as other industrial machinery |
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No. of Employees : |
44,206 |
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.
Source
: CIA
Company name and address
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Komatsu Ltd |
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Employees: |
44,206 |
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Company Type: |
Public Parent |
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Corporate Family: |
166 Companies |
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Traded: |
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Incorporation Date: |
13-May-1921 |
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Auditor: |
KPMG AZSA LLC |
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Fiscal Year End: |
31-Mar-2012 |
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Reporting Currency: |
Japanese Yen |
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Annual Sales: |
25,097.9 1 |
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Net Income: |
2,115.5 |
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Total Assets: |
28,166.8 2 |
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Market Value: |
21,130.9 |
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(24-Aug-2012) |
Business Description
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KOMATSU LTD. is a Japan-based company
which manufactures, develops, markets and sells construction machinery and
vehicles, as well as other industrial machinery. The Construction Machine and
Vehicle segment provides excavation, loading, land-clearing, base course use,
transporting, forestry, underground construction and resources recycle
machines, industrial vehicles, foundry pieces, as well as transportation,
warehouse and packing related services. The Industrial Equipment segment
provides forming, sheet metal, temperature control and working machines, as
well as ammunition and armed trucks, among others. As of March 31, 2012, the
Company had 141 consolidated subsidiaries and 37 associated companies. For
the fiscal year ended 31 March 2012, Komatsu Ltd revenues increased 8% to
Y1.982T. Net income increased 11% to Y167.04B. Revenues reflect Construction
and Mining Equipment segment increase of 8% to Y1.739T, Industrial Machinery,
Vehicle and Other segment increase of 7% to Y242.42B, Other Asian
&Oceania segment increase of 29% to Y513.58B, Americas segment increase
of 16% to Y460.81B. Net income benefited from Other decrease from Y6.9B
(expense) |
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Industry |
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Industry |
Construction and
Agriculture Machinery |
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ANZSIC 2006: |
2462 - Mining
and Construction Machinery Manufacturing |
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NACE 2002: |
2952 -
Manufacture of machinery for mining, quarrying and construction |
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NAICS 2002: |
33312 -
Construction Machinery Manufacturing |
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UK SIC 2003: |
2952 -
Manufacture of machinery for mining, quarrying and construction |
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UK SIC 2007: |
2892 -
Manufacture of machinery for mining, quarrying and construction |
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US SIC 1987: |
3531 -
Construction Machinery and Equipment |
Key Executives
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* number of
significant developments within the last 12 months |
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News |
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Financial Summary
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Stock Snapshot |
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Profit & Loss Item Exchange Rate: USD 1 = JPY 78.96121
Balance Sheet Item Exchange Rate: USD 1 = JPY 82.38536
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Komatsu
Ltd The Strategic Initiatives report is created using
technology to extract meaningful insights from analyst reports about a
company's strategic projects and investments. More about Strategic Initiatives
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For the fiscal year ended
2011, Japan reported revenue of JPY251,597m followed by Americas with
JPY386,758m; Europe and CIS with JPY164,007m; China with JPY334,270m; Asia
and Oceania with JPY374,577m; and Middle East and Africa with JPY104,480m.
For the fiscal year ended 2011, the company reported revenues of
JPY1,843,127m, reflecting an increase of 28.7% over 2010. In April 2011, the
company signed an academic industry collaboration
agreement with Tongji University of China for promoting academic research
aiming at practical experience for the students. Further in the same month,
the company purchased the shares of Gigaphoton, Inc. as a result Gigaphoton
has became the subsidiary of the Komatsu. In addition, the company announced
the restructuring of its rental equipment business in Japan by merging its
subsidiary Komatsu Rental Ltd. |
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Overview
Komatsu Ltd. (Komatsu) is engaged in the development, manufacturing,
marketing and sale of industrial-use products and services. The important
products offered by the company include excavating equipment, loading
equipment, grading and roadbed preparation equipment, hauling equipment,
forestry equipment, tunneling machines, recycling equipment, other equipments,
and engines and components. The main industries in which the products of the
company are used include construction, mining, utility and other industrial
sectors. Komatsu's broad product portfolio gives it a wide customer base. The
company's strong focus on research and development activities, the operational
synergies established by it, its widespread geographic presence and presence
across construction equipment life cycle give it an edge over its competitors.
However, growing competition in the industry, coupled with fluctuating prices
of raw materials and stringent regulations could affect the company's profit
margins.
Strengths
Increasing
Profitability Levels
Increasing profitability levels of the company provides it with the
necessary internal funding for the expansion of its activities further. The
company's revenue increased by 28.75% over 2010 and reached JPY1,843,127m. Its
operating margin increased from 4.7% in 2010 to 12.1% in 2011. In addition, it
reported an increase in the various profitability ratios such as return on
equity, return on capital employed, return on assets, return on fixed assets
and return on working capital, which went up from 4%, 5.1%, 1.7%, 7.3% and
16.8% in 2010 to 16.3%, 16.5%, 7%, 24.6% and 50.2% respectively in 2011.
Besides, its net profit margin and PBT margin also increased from 2.3% and 4.5%
in 2010 to 8.2% and 11.9% respectively in 2011. Increasing profitability ratios
indicate the company’s sturdy performance and its ability to deliver the
returns expected by its shareholders.
Komatsu’s manufacturing facilities offer operational synergies. The
company has designated production bases with development functions around the
world as Mother Plants. These facilities are the hubs for core global
production. The mother plants are critical for achieving a target cutback on
the production cost when a new model is developed or an existing machine model
is changed. The mother plants also support their daughter plants in terms of
strengthening the production competitive edge for similar models manufactured.
Komatsu has one mother plant in the Americas, four in Europe and four in Japan.
The manufacturing operations are conducted primarily at plants located in
Japan, the US, Canada, Brazil, the UK, Germany, Sweden, Italy, Indonesia, China
and Thailand. The company also internally produces several major equipment
components required in manufacturing the final machinery. This reduces the
company's dependence on the third party for delivery of important equipment
components. In addition, Komatsu’s domestic and international sales and
distribution network comprises sales subsidiaries, affiliates, independent
distributors and sales partners of jointly-owned companies. The company
principally provides support services to the customers through its distributors
and dealers. Komatsu is operating around 45 spare parts centers in strategic
locations around the world, aiming at seamless deliveries of any spare parts
that its clients require. Different channels enable the company to offer real
time services to its customers effectively.
Strong
Research and Development Initiatives
The company has maintained its position as one of the leading
construction and mining equipment manufacturers through an effective R&D
division. Komatsu understands the significance of innovative products and has
been consistently conducting research and development activities with a focus
on products with improved quality and reliability. Some of the important
R&D areas for the company include information technology, including
management technology, control technology and artificial intelligence. Another
focus area for R&D includes environment friendly and energy efficient
equipment. In 2010, the company focused on improving the safety of large dump
trucks used in mines. It also conducted its R&D activities in the area of
safety technologies including a surrounding-area monitor and drowsy-driving
detection system. Moreover, the company is also working towards developing new
AC Servo presses consuming less electricity. In 2009, the company developed the
world’s first hydraulic excavator with 25% lower fuel consumption as compared
to previous models. In addition, it achieved further reductions in NOx and CO2
emission. Besides, the company has introduced several enhanced features in its
products such as improvised safety measures, reduced noise and vibration levels
in machines, and increased capacity to handle more load and technology to emit
clearer exhaust gas. A strong focus on R&D activities helps the company in
maintaining a competitive edge in the industry.
Widespread
Geographical Presence
By spreading its business across the globe, Komatsu has managed to
minimize the risks arising out of a specific geographical region. A diversified
presence reduces the business risk of the company. Komatsu is among the market
leaders in construction, mining and utilities machinery markets in several
regions of the world. It operates through its network of multi-mode
distribution lines across the globe principally operating through sales
subsidiaries and affiliates located in the U.S., Brazil, Chile, Belgium,
Germany, Russia, China, Singapore, Indonesia, France, Italy, Sweden, India,
Australia, the United Arab Emirates (UAE) and South Africa. The company's
geographic operations are classified into six reportable segments namely,
Japan; the Americas (including North America and Latin America); Europe and
CIS; China; Asia (excluding Japan, China) and Oceania; and Middle East and
Africa. During the fiscal year ended March 2011, contribution by these
geographic segments to the company's total revenue was 15.6%, 23.9%, 10.2%,
20.7%, 23.2% and 6.5% respectively. Wide geographic presence acts as an easy
way for the company to expand its operations, as 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.
Presence
Across Construction Equipment Life Cycle
Presence across the construction equipment life cycle is beneficial for
the company. Komatsu is a global manufacturer and distributor of a broad range
of equipment and machinery for construction, mining and the industrial sectors.
The equipment ranges from construction and mining equipment, utility equipment,
forest machines, recycling equipment, grading and roadbed preparation
equipment, other specific equipment, tunneling machines, engines and
components, casting products and logistics. Komatsu also manufactures metal
forging and stamping presses, sheet-metal machines, machine tools and other
equipment. It is one of the major players in the field of construction and
mining equipment. The company has a range of construction equipment that
includes hydraulic excavators, wheel loaders, bulldozers, motor graders, dump
trucks, mining equipment, and articulated dump trucks. Also, it is engaged in
equipment re-manufacturing and offers used equipment auction service. This
enables the company to be a part of the entire life cycle of construction
equipment.
Weaknesses
Overdependence
on a Single Segment
The company's overdependence on any one particular business segment
increases its business risk. The company operates through two business
segments, namely, the Construction, Mining and Utility Equipment and the
Industrial Machinery and Others segment. During the fiscal ended March, 2011,
the company generated 87.2% of its total revenue from the Construction, Mining
and Utility Equipment segment and the remaining 12.8% from the Industrial
Machinery and Others segment. If the demand for the products manufactured by
the company's Construction, Mining and Utility Equipment segment declines due
to external factors, the overall profitability of the company could get
affected.
Opportunities
Komatsu has been expanding its manufacturing and distribution facilities
in recent years, which will help it in entering new areas. In September 2010,
the company opened its new hydraulic excavator manufacturing plant in
Yaroslavl, Russia. It constructed a new assembly plant in Russia during June
2010. In May 2010, its subsidiary Komatsu Castex Ltd built an iron casting
plant in Japan to produce iron casting parts for engines. Also, Komatsu and its
distributor of construction and mining equipment in Thailand named Bangkok
Motor Works Co., Ltd established a new joint-venture in Thailand. Besides, in
2010, Komatsu and Toyota Tsusho Corporation received an order for 44 units of
Komatsu's 930E super-large dump truck from Shenhua Zhungeer Energy Co., Ltd.
Komatsu (China) Ltd established Komatsu China Mining Limited to engage in the
sales and product support of mining equipment and its parts wholly for the
large-scale mining customers. Moreover, during December 2009, the company
decided to open a sales and service subsidiary in Australia to support the
sales and service of construction and mining equipment in the country.
Strategic agreements and expansions such as these will help the company in
enhancing its offerings in future financial years.
Growth
Prospects in Developing Countries
The company has an opportunity to geographically diversify in emerging
markets such as Brazil, India, China and countries in the Eastern Europe, which
hold high growth potential. Construction spending growth in Asia Pacific,
though was slow in 2009-10, was still higher than any other region in the
world. According to IMF, growth rate of developing economies is around 4.8% in
the year 2009 as compared to negative growth in developed nations. The
non-residential category accounts for about 40% of construction spending. The
rest of the market is divided almost equally between the residential and
infrastructure sectors. These markets are likely to remain stable as many
projects are financed through the use of development bank funds throughout the
regions. The company has significant competencies within the construction
sector and has already established few affiliates in China. It could focus on
increasing capabilities in development of condominiums targeted at wealthy
customers in China. Besides, Komatsu could leverage its Reman
(Re-manufacturing)) business. This business re-manufactures used engines and
other major components for construction and mining equipment and sells them.
Komatsu has so far established Reman centers in four countries of the world.
This business ensures that when a certain component in a customer’s machine
brakes down or wears out it can be replaced with a nearly new component
speedily and at an economical price. Besides, it not only reuses the original
materials but also generates as much as 90% less CO2 emission in its
re-manufacturing process compared to the original production. Since, customers
in developing countries cannot always afford new equipment, the company's Reman
business offers good potential.
Increasing
Construction Projects in the Middle Eas
Construction activities in the Middle East provide opportunities for the
company to improve its revenue and business. A massive volume of infrastructure
and real estate projects in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE
turned the region into one of the largest construction and real estate markets
in the world. Population growth and surging oil revenues are the key factors
stimulating both public and private sector investment in construction projects.
According to industry estimates, 3,339 projects, worth approximately $2.8 trillion,
are underway in the region, with the majority in the UAE and Saudi Arabia.
Saudi Arabia is one of the most active construction markets in the world, with
projects valued at $1.1 trillion followed by the UAE (construction projects
valued at $931billion); Kuwait ($274 billion); Qatar ($205 billion); Oman ($103
billion); and Bahrain ($61billion). Governments in these regions have
sufficient resources to embark on long-planned improvements and expand
infrastructure, real estate, transportation, power and energy and water
utilities projects. According to industry projections, Saudi Arabia has plans
to spend $400 billion in next five years on construction and infrastructure. In
the UAE, the majority of infrastructure spending will be in Abu Dhabi, with projects
worth $275 billion in pipeline for the next five years. Considering the growth
prospects in the region and the volume of upcoming projects, as a construction
equipment manufacturer Komatsu could leverage this growing market opportunity
to fuel its growth prospects in the region.
Threats
Komatsu’s products and business operations are required to comply with
increasingly stringent environmental laws and regulations in countries where it
operates. The company's facilities and operations are impacted by environmental
laws and regulations governing emissions, discharges to water, air and the
generation, transportation, storage, handling, treatment and disposal of
non-hazardous and hazardous waste materials. With engines subject to extensive
regulations, the company is faced with the challenge of improving its product
technology, which will require substantial investments for research and
development. Besides, the company has to comply with emission and noise related
regulations of various governmental regulatory agencies in the countries of operation.
Non compliance to such regulations could lead to penalties and fines.
Komatsu operates in the construction and industrial equipment market
which is highly competitive. The company faces a stiff competition from
companies that are engaged in the manufacture, development, and marketing of a
wide range of industrial-use products and services. The major geographic
markets in which the company operates are highly competitive and in recent
years, competition has intensified considerably due to highly maturing and
saturating markets. Moreover, competition is further increased during the
current economic downturns leading to consolidation of businesses. Komatsu
competes with major global players such as Hitachi Construction Machinery Co.,
Ltd., Caterpillar Inc., CNH Global N.V., and Volvo Construction Equipment NV
for several products in its portfolio. As some of the players are leading
players in their respective home countries, the company needs to focus on
select industry sectors. Besides, the construction market in Japan has been
reducing over the past decade. The main factors for competition for the company
include price, product and service quality, brand reputation, customer service
and product features. Besides, decreasing barriers to entry have further
intensified competition. If the company is not able to maintain product quality
and consumer loyalty, rising competition will force the company to reduce its
prices which in turn, may adversely affect its margins.
Fluctuation
in Raw Material Prices
Komatsu's operations could get affected by fluctuations in the prices
and availability of raw materials. The company procures parts and materials for
manufacturing its products. This procurement of materials required for the
company's production process is subject to fluctuations in commodity prices,
particularly in the price of steel materials. Increasing prices of commodities
could lead to an increase in the cost of materials followed by escalating
production cost for the company. Besides, factors such as a shortage of product
parts and materials, production discontinuation by suppliers of products used
by Komatsu and bankruptcies of suppliers could affect the timely production of
the company's products.
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Corporate Family |
Corporate Structure News: |
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Komatsu Ltd |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Tokyo |
Japan |
Construction and Agriculture Machinery |
25,097.9 |
44,206 |
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Subsidiary |
Yokohama, Kanagawa |
Japan |
Construction and Agriculture Machinery |
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2,438 |
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Joint Venture |
North Ryde, NSW |
Australia |
Construction and Agriculture Machinery |
1,020.6 |
1,300 |
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Joint Venture |
Jakarta |
Indonesia |
Construction and Agriculture Machinery |
150.0 |
970 |
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Subsidiary |
Nanto |
Japan |
Miscellaneous Capital Goods |
916.0 |
820 |
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Subsidiary |
Rolling Meadows, IL |
United States |
Construction and Agriculture Machinery |
|
804 |
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Subsidiary |
Isando |
South Africa |
Construction and Agriculture Machinery |
150.0 |
1,036 |
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Subsidiary |
Gaborone |
Botswana |
Construction and Agriculture Machinery |
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Subsidiary |
Suzano, SP |
Brazil |
Construction and Agriculture Machinery |
235.0 |
800 |
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Subsidiary |
Saitama |
Japan |
Rental and Leasing |
217.7 |
800 |
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Division |
Charlotte, NC |
United States |
Construction and Agriculture Machinery |
|
75 |
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Subsidiary |
Almere, Flevoland |
Netherlands |
Construction and Agriculture Machinery |
0.0 |
1 |
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Joint Venture |
Bekasi, West Java |
Indonesia |
Construction and Agriculture Machinery |
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800 |
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Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Construction and Agriculture Machinery |
466.5 |
680 |
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Subsidiary |
Hannover, Niedersachsen |
Germany |
Construction and Agriculture Machinery |
212.6 |
640 |
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Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
115.7 |
617 |
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Subsidiary |
Changning District, Shanghai |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Shandong |
China |
Construction Services |
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Subsidiary |
Yokohama, Kanagawa |
Japan |
Business Services |
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609 |
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Subsidiary |
Himi, Toyama |
Japan |
Engineering Consultants |
535.5 |
600 |
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Joint Venture |
Chon Buri |
Thailand |
Construction and Agriculture Machinery |
1.0 |
500 |
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Subsidiary |
Bekasi |
Indonesia |
Construction and Agriculture Machinery |
|
496 |
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Joint Venture |
Jining, Shandong Province |
China |
Construction and Agriculture Machinery |
882.3 |
425 |
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Subsidiary |
Este, PD |
Italy |
Construction and Agriculture Machinery |
163.5 |
375 |
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Subsidiary |
Gamou-Gun, Shiga |
Japan |
Construction and Agriculture Machinery |
143.5 |
370 |
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Subsidiary |
Rolling Meadows, IL |
United States |
Construction and Agriculture Machinery |
1,300.0 |
350 |
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Branch |
Peoria, IL |
United States |
Construction and Agriculture Machinery |
156.6 |
600 |
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Division |
Rolling Meadows, IL |
United States |
Consumer Financial Services |
16.1 |
500 |
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Subsidiary |
Dallas, TX |
United States |
Construction and Agriculture Machinery |
|
500 |
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Branch |
Mansfield, TX |
United States |
Construction and Agriculture Machinery |
65.2 |
80 |
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Branch |
Chattanooga, TN |
United States |
Miscellaneous Fabricated Products |
109.9 |
331 |
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Branch |
Ripley, TN |
United States |
Advertising |
73.5 |
325 |
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Subsidiary |
Salt Lake City, UT |
United States |
Construction and Agriculture Machinery |
81.5 |
120 |
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Branch |
Gillette, WY |
United States |
Miscellaneous Capital Goods |
20.9 |
80 |
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Branch |
North Las Vegas, NV |
United States |
Rental and Leasing |
7.3 |
40 |
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Branch |
Elko, NV |
United States |
Construction and Agriculture Machinery |
17.6 |
35 |
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Branch |
Sparks, NV |
United States |
Construction and Agriculture Machinery |
30.0 |
7 |
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Branch |
Hurricane, UT |
United States |
Construction and Agriculture Machinery |
4.9 |
6 |
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Branch |
Newberry, SC |
United States |
Miscellaneous Fabricated Products |
19.4 |
100 |
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Division |
Cartersville, GA |
United States |
Construction and Agriculture Machinery |
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60 |
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Subsidiary |
Long Beach, CA |
United States |
Rental and Leasing |
15.2 |
28 |
|
|
Branch |
Stone Mountain, GA |
United States |
Miscellaneous Capital Goods |
13.1 |
24 |
|
|
Branch |
Ontario, CA |
United States |
Miscellaneous Capital Goods |
4.4 |
8 |
|
|
Branch |
Stockton, CA |
United States |
Miscellaneous Capital Goods |
3.3 |
6 |
|
|
Branch |
Rolling Meadows, IL |
United States |
Miscellaneous Capital Goods |
3.3 |
6 |
|
|
Branch |
Alsip, IL |
United States |
Miscellaneous Capital Goods |
2.2 |
4 |
|
|
Subsidiary |
Chester Le Street |
United Kingdom |
Construction and Agriculture Machinery |
178.0 |
323 |
|
|
Subsidiary |
Chester Le Street |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Kanazawa |
Japan |
Miscellaneous Capital Goods |
542.0 |
300 |
|
|
Subsidiary |
Vilvoorde |
Belgium |
Construction and Agriculture Machinery |
3.9 |
300 |
|
|
Joint Venture |
Bekasi, Jawa Barat |
Indonesia |
Construction - Supplies and Fixtures |
1.0 |
300 |
|
|
Subsidiary |
Tochigi |
Japan |
Miscellaneous Fabricated Products |
1.0 |
300 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
183.3 |
292 |
|
|
Subsidiary |
Umeå |
Sweden |
Construction and Agriculture Machinery |
132.4 |
289 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
1.0 |
278 |
|
|
Joint Venture |
Jiangsu |
China |
Iron and Steel |
1.0 |
275 |
|
|
Subsidiary |
Ishikari, Hokkaido |
Japan |
Construction and Agriculture Machinery |
146.3 |
266 |
|
|
Subsidiary |
Candiac, QC |
Canada |
Auto and Truck Manufacturers |
175.0 |
250 |
|
|
Subsidiary |
Vilvoorde |
Belgium |
Electronic Instruments and Controls |
1,173.2 |
249 |
|
|
Subsidiary |
Mons |
Belgium |
Retail (Grocery) |
0.0 |
7 |
|
|
Subsidiary |
Bornem |
Belgium |
Furniture and Fixtures |
0.0 |
|
|
|
Joint Venture |
Changzhou, Jiangsu Province |
China |
Construction and Agriculture Machinery |
61.1 |
247 |
|
|
Subsidiary |
Niigata, Niigata |
Japan |
Retail (Specialty) |
92.6 |
207 |
|
|
Subsidiary |
Kawasaki, Kanagawa |
Japan |
Electronic Instruments and Controls |
77.2 |
200 |
|
|
Subsidiary |
Tepeapulco, Estado de México |
Mexico |
Miscellaneous Capital Goods |
30.0 |
200 |
|
|
Subsidiary |
Komatsu, Ishikawa |
Japan |
Miscellaneous Capital Goods |
1.0 |
200 |
|
|
Subsidiary |
Jakarta, Catsung |
Indonesia |
Construction and Agriculture Machinery |
|
200 |
|
|
Subsidiary |
Tucson, AZ |
United States |
Computer Peripherals |
146.7 |
160 |
|
|
Subsidiary |
Tuggerah, NSW |
Australia |
Computer Hardware |
1.7 |
35 |
|
|
Subsidiary |
Bryanston |
South Africa |
Computer Hardware |
|
30 |
|
|
Subsidiary |
Port Coquitlam, BC |
Canada |
Computer Hardware |
0.9 |
28 |
|
|
Subsidiary |
Balikpapan, Kaltim |
Indonesia |
Computer Hardware |
|
16 |
|
|
Subsidiary |
Pune |
India |
Computer Hardware |
|
13 |
|
|
Subsidiary |
Beijing |
China |
Computer Hardware |
|
2 |
|
|
Subsidiary |
Belo Horizonte, MG |
Brazil |
Computer Hardware |
|
|
|
|
Subsidiary |
Lima |
Peru |
Computer Hardware |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Computer Hardware |
|
|
|
|
Subsidiary |
Santiago |
Chile |
Computer Hardware |
|
|
|
|
Affiliates |
Jining, Shandong |
China |
Construction and Agriculture Machinery |
|
156 |
|
|
Subsidiary |
Stalowa Wola |
Poland |
Construction and Agriculture Machinery |
158.8 |
153 |
|
|
Subsidiary |
Shanghai |
China |
Construction and Agriculture Machinery |
45.0 |
150 |
|
|
Subsidiary |
Komatsu, Ishikawa |
Japan |
Miscellaneous Capital Goods |
1.0 |
150 |
|
|
Subsidiary |
Bekasi, West Java |
Indonesia |
Construction and Agriculture Machinery |
1.0 |
150 |
|
|
Subsidiary |
Aruja, Sao Paulo |
Brazil |
Miscellaneous Capital Goods |
|
150 |
|
|
Subsidiary |
Aubergenville |
France |
Construction and Agriculture Machinery |
115.5 |
149 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
15.8 |
145 |
|
|
Subsidiary |
Mnichovo Hradiste |
Czech Republic |
Construction and Agriculture Machinery |
26.1 |
144 |
|
|
Subsidiary |
Adairsville, GA |
United States |
Miscellaneous Fabricated Products |
11.0 |
140 |
|
|
Subsidiary |
Kohoku-Ku, Yokohama, Kanagawa |
Japan |
Schools |
1.0 |
140 |
|
|
Subsidiary |
Akita, Akita |
Japan |
Construction and Agriculture Machinery |
75.0 |
118 |
|
|
Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
211.8 |
100 |
|
|
Subsidiary |
Miami, FL |
United States |
Construction and Agriculture Machinery |
|
100 |
|
|
Joint Venture |
Bekasi, West Java |
Indonesia |
Construction and Agriculture Machinery |
|
100 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Kawasaki, Kanagawa-Ken |
Japan |
Construction and Agriculture Machinery |
|
100 |
|
|
Subsidiary |
Toyama, Toyama |
Japan |
Miscellaneous Capital Goods |
31.9 |
90 |
|
|
Subsidiary |
Yokohama |
Japan |
Construction and Agriculture Machinery |
1.0 |
80 |
|
|
Subsidiary |
Vöhringen, Baden-Württemberg |
Germany |
Engineering Consultants |
|
75 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Construction and Agriculture Machinery |
454.9 |
74 |
|
|
Subsidiary |
P Nagorny |
Russian Federation |
Construction and Agriculture Machinery |
20.8 |
690 |
|
|
Subsidiary |
Singapore |
Singapore |
Construction and Agriculture Machinery |
146.1 |
68 |
|
|
Subsidiary |
Muang, Chon Buri |
Thailand |
Miscellaneous Capital Goods |
60.0 |
163 |
|
|
Subsidiary |
Muang, Chachoengsao |
Thailand |
Electronic Instruments and Controls |
|
159 |
|
|
Subsidiary |
Chennai, Tamil Nadu |
India |
Construction and Agriculture Machinery |
1.0 |
150 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Electronic Instruments and Controls |
|
101 |
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
|
68 |
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Construction and Agriculture Machinery |
75.0 |
65 |
|
|
Subsidiary |
São Paulo |
Brazil |
Construction and Agriculture Machinery |
|
65 |
|
|
Subsidiary |
Conyers, GA |
United States |
Construction and Agriculture Machinery |
|
63 |
|
|
Subsidiary |
Este, PD |
Italy |
Construction and Agriculture Machinery |
116.2 |
60 |
|
|
Subsidiary |
Heliopolis, Cairo |
Egypt |
Metal Mining |
22.0 |
50 |
|
|
Subsidiary |
Hannover, Niedersachsen |
Germany |
Construction and Agriculture Machinery |
215.4 |
49 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Construction and Agriculture Machinery |
|
45 |
|
|
Subsidiary |
Tampere |
Finland |
Forestry and Wood Products |
52.0 |
36 |
|
|
Subsidiary |
Umea |
Sweden |
Engineering Consultants |
1,172.3 |
330 |
|
|
Subsidiary |
Curitiba, PR |
Brazil |
Forestry and Wood Products |
|
50 |
|
|
Subsidiary |
Sydney |
Australia |
Engineering Consultants |
|
35 |
|
|
Subsidiary |
Longtown |
United Kingdom |
Engineering Consultants |
|
20 |
|
|
Subsidiary |
Stange |
Norway |
Engineering Consultants |
23.0 |
12 |
|
|
Subsidiary |
Milan |
Italy |
Construction and Agriculture Machinery |
|
10 |
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Engineering Consultants |
|
|
|
|
Subsidiary |
Beaverton, OR |
United States |
Advertising |
|
30 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
29 |
|
|
Subsidiary |
Bang Phli, Samut Prakan |
Thailand |
Business Services |
|
28 |
|
|
Subsidiary |
Rolling Meadows, IL |
United States |
Miscellaneous Capital Goods |
46.2 |
25 |
|
|
Branch |
La Habra, CA |
United States |
Miscellaneous Capital Goods |
4.4 |
19 |
|
|
Branch |
Grove City, OH |
United States |
Miscellaneous Capital Goods |
3.3 |
14 |
|
|
Branch |
Livonia, MI |
United States |
Miscellaneous Fabricated Products |
2.1 |
11 |
|
|
Branch |
Mt Juliet, TN |
United States |
Miscellaneous Capital Goods |
3.3 |
6 |
|
|
Branch |
Alpena, MI |
United States |
Miscellaneous Capital Goods |
3.3 |
6 |
|
|
Branch |
Wilmington, MA |
United States |
Miscellaneous Capital Goods |
3.3 |
6 |
|
|
Joint Venture |
Ivanovo |
Russian Federation |
Construction - Supplies and Fixtures |
|
25 |
|
|
Subsidiary |
Samutprakarn |
Thailand |
Consumer Financial Services |
|
19 |
|
|
Subsidiary |
Vilvoorde |
Belgium |
Construction and Agriculture Machinery |
3.7 |
14 |
|
|
Subsidiary |
Alcala De Henares, Madrid |
Spain |
Construction and Agriculture Machinery |
61.8 |
107 |
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Miscellaneous Capital Goods |
|
12 |
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Rental and Leasing |
1.0 |
10 |
|
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
|
10 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Construction and Agriculture Machinery |
1.4 |
9 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Consumer Financial Services |
11.7 |
8 |
|
|
Subsidiary |
Rüsselsheim, Hessen |
Germany |
Miscellaneous Capital Goods |
|
7 |
|
|
Subsidiary |
Vilvoorde |
Belgium |
Consumer Financial Services |
|
7 |
|
|
Subsidiary |
Shah Alam, Selangor Darul Ehsan |
Malaysia |
Construction and Agriculture Machinery |
|
5 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction and Agriculture Machinery |
|
3 |
|
|
Subsidiary |
Nanto, Toyama |
Japan |
Miscellaneous Capital Goods |
1,157.2 |
|
|
|
Subsidiary |
Nanto, Toyama |
Japan |
Miscellaneous Capital Goods |
39.3 |
117 |
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Scientific and Technical Instruments |
0.5 |
51 |
|
|
Subsidiary |
Nanto, Toyama |
Japan |
Scientific and Technical Instruments |
91.3 |
|
|
|
Subsidiary |
Tonami, Toyama |
Japan |
Trucking |
61.8 |
|
|
|
Subsidiary |
Toyama, Toyama |
Japan |
Engineering Consultants |
22.2 |
|
|
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Aerospace and Defense |
627.0 |
|
|
|
Subsidiary |
Kawasaki |
Japan |
Engineering Consultants |
133.8 |
|
|
|
Subsidiary |
Kawasaki |
Japan |
Trucking |
111.4 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Personal and Household Products |
95.6 |
|
|
|
Subsidiary |
Miyazaki, Miyazaki |
Japan |
Construction and Agriculture Machinery |
35.9 |
|
|
|
Subsidiary |
Yokohama |
Japan |
Rental and Leasing |
1.0 |
|
|
|
Subsidiary |
Shanghai |
China |
Construction and Agriculture Machinery |
1.0 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Tehran |
Iran |
Construction Services |
|
|
|
|
Subsidiary |
Tamil Nadu |
India |
Metal Mining |
|
|
|
|
Subsidiary |
Windhoek |
Namibia |
Construction Services |
|
|
|
|
Subsidiary |
Akatlar, Istanbul |
Turkey |
Construction Services |
|
|
|
|
Subsidiary |
Yangon |
Myanmar (Burma) |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Jeddah, Makkah |
Saudi Arabia |
Construction Services |
|
|
|
|
Subsidiary |
Zhejiang |
China |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Sherwood, QLD |
Australia |
Metal Mining |
|
|
|
|
|
|
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|
Komatsu Ltd
|
|
|
|
|
||||||
|
|
3rd UPDATE: Asian Shares Mixed; China Data Offsets
Stimulus Hopes |
10-Sep-2012 |
||||
|
|
JPN:Tokyo stocks end mixed |
10-Sep-2012 |
||||
|
|
Tokyo Shares End Nearly Flat as Yen Strength Offsets
Fed Expectations |
10-Sep-2012 |
||||
|
|
Stocks Closing UPDATE1 |
10-Sep-2012 |
||||
|
|
Tokyo stocks end mixed |
10-Sep-2012 |
||||
|
|
Tokyo Most Actives |
10-Sep-2012 |
||||
|
|
Tokyo Closing Stock Prices(1) |
10-Sep-2012 |
||||
|
|
Tokyo Stock Exchange: closing price list -4- |
10-Sep-2012 |
||||
|
|
2nd UPDATE: Asian Shares Mixed; China Data Offset
Stimulus Hopes |
10-Sep-2012 |
||||
|
|
Stocks Morning UPDATE1 |
09-Sep-2012 |
||||
|
||||||
|
|
Tokyo Stock Exchange: morning price list -4- |
04-Sep-2012 |
|
|||
|
|
Tokyo Stock Exchange: closing price list -4- |
04-Sep-2012 |
|
|||
|
|
Tokyo Stock Exchange: closing price list -4- |
04-Sep-2012 |
|
|||
|
|
Tokyo Stock Exchange: closing price list -4- |
04-Sep-2012 |
|
|||
|
|
Tokyo Stock Exchange: morning price list -4- |
04-Sep-2012 |
|
|||
|
|
Tokyo Stock Exchange: closing price list -4- |
04-Sep-2012 |
|
|||
|
|
Tokyo Stock Exchange: morning price list -4- |
04-Sep-2012 |
|
|||
|
|
Caterpillar Bullish On China, Expects Beijing To
Step-Up Easing To Lift Growth |
30-Aug-2012 |
|
|||
|
|
Tokyo Stock Exchange: closing price list -4- |
20-Aug-2012 |
|
|||
|
|
Tokyo Stock Exchange: morning price list -4- |
06-Aug-2012 |
|
|||
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
25,097.9 |
21,508.9 |
15,402.9 |
20,120.0 |
19,623.6 |
|
Revenue |
25,097.9 |
21,508.9 |
15,402.9 |
20,120.0 |
19,623.6 |
|
Total Revenue |
25,097.9 |
21,508.9 |
15,402.9 |
20,120.0 |
19,623.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
18,246.5 |
15,677.9 |
11,852.2 |
15,031.3 |
13,918.9 |
|
Cost of Revenue, Total |
18,246.5 |
15,677.9 |
11,852.2 |
15,031.3 |
13,918.9 |
|
Gross Profit |
6,851.4 |
5,831.0 |
3,550.7 |
5,088.7 |
5,704.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2,851.2 |
3,088.9 |
2,682.2 |
3,211.2 |
2,777.5 |
|
Advertising Expense |
29.9 |
- |
- |
- |
- |
|
Total Selling/General/Administrative Expenses |
2,881.1 |
3,088.9 |
2,682.2 |
3,211.2 |
2,777.5 |
|
Research & Development |
694.6 |
- |
- |
- |
- |
|
Impairment-Assets Held for Use |
- |
- |
0.0 |
19.9 |
25.1 |
|
Loss (Gain) on Sale of Assets - Operating |
39.3 |
60.0 |
35.9 |
163.3 |
21.4 |
|
Unusual Expense (Income) |
39.3 |
60.0 |
35.9 |
183.3 |
46.5 |
|
Other Operating Expense |
-10.0 |
80.5 |
111.4 |
182.0 |
-31.3 |
|
Other Operating Expenses, Total |
-10.0 |
80.5 |
111.4 |
182.0 |
-31.3 |
|
Total Operating Expense |
21,851.5 |
18,907.4 |
14,681.7 |
18,607.8 |
16,711.6 |
|
|
|
|
|
|
|
|
Operating Income |
3,246.4 |
2,601.5 |
721.3 |
1,512.2 |
2,912.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-98.6 |
-75.6 |
-91.5 |
-145.1 |
-146.1 |
|
Interest Expense, Net Non-Operating |
-98.6 |
-75.6 |
-91.5 |
-145.1 |
-146.1 |
|
Interest Income -
Non-Operating |
47.8 |
52.4 |
66.3 |
85.8 |
89.8 |
|
Interest/Investment Income - Non-Operating |
47.8 |
52.4 |
66.3 |
85.8 |
89.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
-50.8 |
-23.1 |
-25.2 |
-59.3 |
-56.3 |
|
Other Non-Operating Income (Expense) |
-34.5 |
-13.3 |
3.1 |
-171.3 |
-36.8 |
|
Other, Net |
-34.5 |
-13.3 |
3.1 |
-171.3 |
-36.8 |
|
Income Before Tax |
3,161.2 |
2,565.1 |
699.1 |
1,281.6 |
2,818.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
943.1 |
755.1 |
272.9 |
420.9 |
1,013.1 |
|
Income After Tax |
2,218.0 |
1,810.0 |
426.2 |
860.7 |
1,805.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-122.9 |
-82.6 |
-82.2 |
-80.5 |
-82.5 |
|
Equity In Affiliates |
20.4 |
31.8 |
17.1 |
3.9 |
59.9 |
|
Net Income Before Extraord Items |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,783.2 |
|
Discontinued Operations |
- |
- |
- |
- |
43.5 |
|
Total Extraord Items |
- |
- |
- |
- |
43.5 |
|
Net Income |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,826.7 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,783.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,826.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
962.9 |
967.8 |
968.0 |
985.6 |
994.8 |
|
Basic EPS Excl Extraord Items |
2.20 |
1.82 |
0.37 |
0.80 |
1.79 |
|
Basic/Primary EPS Incl Extraord Items |
2.20 |
1.82 |
0.37 |
0.80 |
1.84 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,826.7 |
|
Diluted Weighted Average Shares |
963.8 |
968.5 |
968.5 |
986.3 |
996.2 |
|
Diluted EPS Excl Extraord Items |
2.19 |
1.82 |
0.37 |
0.80 |
1.79 |
|
Diluted EPS Incl Extraord Items |
2.19 |
1.82 |
0.37 |
0.80 |
1.83 |
|
Dividends per Share - Common Stock Primary Issue |
0.52 |
0.44 |
0.17 |
0.40 |
0.37 |
|
Gross Dividends - Common Stock |
510.9 |
429.4 |
166.7 |
391.4 |
365.8 |
|
Interest Expense, Supplemental |
98.6 |
75.6 |
91.5 |
145.1 |
146.1 |
|
Depreciation, Supplemental |
1,141.1 |
1,044.1 |
982.5 |
978.8 |
662.0 |
|
Total Special Items |
39.3 |
60.0 |
35.9 |
183.3 |
46.5 |
|
Normalized Income Before Tax |
3,200.5 |
2,625.1 |
735.0 |
1,464.9 |
2,865.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
11.7 |
17.7 |
14.0 |
60.2 |
16.7 |
|
Inc Tax Ex Impact of Sp Items |
954.9 |
772.8 |
286.9 |
481.1 |
1,029.8 |
|
Normalized Income After Tax |
2,245.6 |
1,852.4 |
448.1 |
983.8 |
1,835.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2,143.1 |
1,801.6 |
382.9 |
907.3 |
1,813.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.23 |
1.86 |
0.40 |
0.92 |
1.82 |
|
Diluted Normalized EPS |
2.22 |
1.86 |
0.40 |
0.92 |
1.82 |
|
Amort of Intangibles, Supplemental |
- |
95.1 |
92.9 |
125.5 |
48.0 |
|
Rental Expenses |
- |
169.0 |
148.7 |
145.5 |
139.2 |
|
Advertising Expense, Supplemental |
29.9 |
30.7 |
26.0 |
46.6 |
38.6 |
|
Research & Development Exp, Supplemental |
694.6 |
571.9 |
499.8 |
534.8 |
434.6 |
|
Reported Operating Profit |
3,246.4 |
2,601.5 |
721.3 |
1,512.2 |
2,912.0 |
|
Normalized EBIT |
3,285.8 |
2,661.5 |
757.1 |
1,695.4 |
2,958.5 |
|
Normalized EBITDA |
4,426.9 |
3,800.7 |
1,832.5 |
2,799.7 |
3,668.5 |
|
Current Tax - Domestic |
- |
179.6 |
56.5 |
227.4 |
472.0 |
|
Current Tax - Foreign |
- |
496.3 |
295.5 |
374.8 |
439.1 |
|
Current Tax - Total |
841.2 |
- |
- |
- |
- |
|
Current Tax - Total |
841.2 |
675.9 |
352.1 |
602.2 |
911.1 |
|
Deferred Tax - Domestic |
- |
57.0 |
-67.5 |
-169.3 |
68.1 |
|
Deferred Tax - Foreign |
- |
22.1 |
-11.7 |
-12.0 |
33.9 |
|
Deferred Tax - Total |
101.9 |
- |
- |
- |
- |
|
Deferred Tax - Total |
101.9 |
79.2 |
-79.2 |
-181.3 |
101.9 |
|
Income Tax - Total |
943.1 |
755.1 |
272.9 |
420.9 |
1,013.1 |
|
Interest Cost - Domestic |
44.0 |
41.8 |
40.3 |
38.7 |
33.0 |
|
Service Cost - Domestic |
94.9 |
77.4 |
77.7 |
84.2 |
55.9 |
|
Prior Service Cost - Domestic |
3.0 |
2.6 |
1.9 |
5.3 |
7.2 |
|
Expected Return on Assets - Domestic |
-34.5 |
-34.6 |
-26.4 |
-30.1 |
-28.1 |
|
Actuarial Gains and Losses - Domestic |
32.6 |
26.7 |
26.7 |
16.1 |
5.0 |
|
Curtailments & Settlements - Domestic |
- |
-0.1 |
-0.3 |
4.7 |
0.0 |
|
Domestic Pension Plan Expense |
139.9 |
113.8 |
119.9 |
118.9 |
73.1 |
|
Total Pension Expense |
139.9 |
113.8 |
119.9 |
118.9 |
73.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
1.90% |
|
Discount Rate - Foreign |
6.00% |
6.00% |
6.90% |
6.70% |
5.60% |
|
Discount Rate - Post-Retirement |
5.60% |
5.40% |
6.40% |
5.90% |
5.50% |
|
Expected Rate of Return - Domestic |
1.90% |
1.90% |
1.90% |
1.90% |
1.90% |
|
Expected Rate of Return - Foreign |
6.50% |
7.20% |
7.60% |
7.50% |
7.60% |
|
Expected Rate of Return - Post-Retir. |
5.30% |
5.60% |
5.50% |
5.50% |
5.50% |
|
Compensation Rate - Domestic |
2.60% |
2.60% |
2.40% |
2.00% |
2.30% |
|
Compensation Rate - Foreign |
4.60% |
4.40% |
4.10% |
4.40% |
4.10% |
|
Compensation Rate - Post-Retirement |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Total Plan Interest Cost |
44.0 |
41.8 |
40.3 |
38.7 |
33.0 |
|
Total Plan Service Cost |
94.9 |
77.4 |
77.7 |
84.2 |
55.9 |
|
Total Plan Expected Return |
-34.5 |
-34.6 |
-26.4 |
-30.1 |
-28.1 |
|
|
|
Annual Balance Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,019.4 |
1,025.1 |
894.3 |
917.4 |
1,025.8 |
|
Cash and Short Term Investments |
1,019.4 |
1,025.1 |
894.3 |
917.4 |
1,025.8 |
|
Accounts Receivable -
Trade, Gross |
6,794.3 |
6,428.1 |
4,951.1 |
3,940.8 |
5,375.9 |
|
Provision for Doubtful
Accounts |
- |
- |
-159.9 |
-155.2 |
-115.2 |
|
Trade Accounts Receivable - Net |
6,794.3 |
6,428.1 |
4,791.2 |
3,785.6 |
5,260.7 |
|
Total Receivables, Net |
6,794.3 |
6,428.1 |
4,791.2 |
3,785.6 |
5,260.7 |
|
Inventories - Finished Goods |
5,122.3 |
3,557.0 |
2,720.0 |
3,327.4 |
3,429.6 |
|
Inventories - Work In Progress |
1,715.1 |
1,630.9 |
1,092.6 |
1,299.4 |
1,235.8 |
|
Inventories - Raw Materials |
595.4 |
529.7 |
429.8 |
510.0 |
543.3 |
|
Total Inventory |
7,432.9 |
5,717.6 |
4,242.5 |
5,136.8 |
5,208.6 |
|
Deferred Income Tax - Current Asset |
1,751.3 |
1,843.4 |
1,203.5 |
1,330.1 |
1,301.1 |
|
Other Current Assets |
- |
- |
- |
- |
0.0 |
|
Other Current Assets, Total |
1,751.3 |
1,843.4 |
1,203.5 |
1,330.1 |
1,301.1 |
|
Total Current Assets |
16,997.8 |
15,014.1 |
11,131.4 |
11,169.8 |
12,796.3 |
|
|
|
|
|
|
|
|
Buildings |
- |
4,073.6 |
3,526.9 |
3,194.5 |
3,113.9 |
|
Land/Improvements |
- |
1,151.2 |
988.4 |
950.3 |
951.7 |
|
Machinery/Equipment |
- |
8,379.7 |
7,603.9 |
6,907.4 |
6,581.0 |
|
Construction in
Progress |
- |
244.0 |
263.8 |
237.6 |
106.9 |
|
Property/Plant/Equipment - Gross |
- |
13,848.4 |
12,383.1 |
11,289.8 |
10,753.5 |
|
Accumulated Depreciation |
- |
-7,714.4 |
-6,763.4 |
-5,969.7 |
-5,819.1 |
|
Property/Plant/Equipment - Net |
6,429.0 |
6,134.0 |
5,619.6 |
5,320.1 |
4,934.4 |
|
Goodwill, Net |
379.1 |
353.8 |
316.5 |
290.2 |
319.8 |
|
Intangibles, Net |
703.4 |
651.2 |
660.6 |
611.0 |
622.1 |
|
LT Investment - Affiliate Companies |
- |
303.0 |
256.9 |
194.9 |
229.9 |
|
LT Investments - Other |
657.8 |
431.2 |
647.1 |
545.2 |
798.5 |
|
Long Term Investments |
657.8 |
734.3 |
904.0 |
740.1 |
1,028.4 |
|
Note Receivable - Long Term |
2,486.6 |
2,514.3 |
1,615.7 |
1,042.5 |
901.1 |
|
Deferred Income Tax - Long Term Asset |
481.7 |
491.3 |
692.4 |
640.5 |
431.4 |
|
Other Long Term Assets |
31.3 |
37.7 |
25.7 |
121.7 |
116.3 |
|
Other Long Term Assets, Total |
513.1 |
529.0 |
718.0 |
762.2 |
547.7 |
|
Total Assets |
28,166.8 |
25,930.7 |
20,965.9 |
19,935.8 |
21,149.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
3,319.3 |
3,728.0 |
2,215.6 |
2,170.4 |
3,889.1 |
|
Notes Payable/Short Term Debt |
2,619.7 |
1,572.2 |
1,321.0 |
2,228.3 |
1,094.0 |
|
Current Portion - Long Term Debt/Capital Leases |
1,450.0 |
1,479.3 |
1,133.9 |
887.5 |
1,084.3 |
|
Income Taxes Payable |
281.5 |
468.5 |
235.5 |
109.5 |
527.0 |
|
Other Current Liabilities |
2,813.3 |
2,404.3 |
1,961.9 |
2,018.3 |
2,061.2 |
|
Other Current liabilities, Total |
3,094.8 |
2,872.8 |
2,197.4 |
2,127.8 |
2,588.1 |
|
Total Current Liabilities |
10,483.8 |
9,652.4 |
6,868.0 |
7,414.1 |
8,655.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
3,793.4 |
3,512.9 |
3,820.5 |
2,957.4 |
2,363.8 |
|
Total Long Term Debt |
3,793.4 |
3,512.9 |
3,820.5 |
2,957.4 |
2,363.8 |
|
Total Debt |
7,863.0 |
6,564.5 |
6,275.5 |
6,073.3 |
4,542.1 |
|
|
|
|
|
|
|
|
Minority Interest |
579.7 |
589.2 |
458.3 |
338.1 |
303.8 |
|
Pension Benefits - Underfunded |
615.2 |
579.5 |
496.1 |
544.9 |
390.9 |
|
Other Long Term Liabilities |
438.9 |
449.9 |
397.8 |
430.4 |
523.1 |
|
Other Liabilities, Total |
1,054.1 |
1,029.4 |
893.9 |
975.3 |
914.0 |
|
Total Liabilities |
15,911.0 |
14,784.0 |
12,040.7 |
11,684.9 |
12,237.1 |
|
|
|
|
|
|
|
|
Common Stock |
823.8 |
818.9 |
726.3 |
687.2 |
681.9 |
|
Common Stock |
823.8 |
818.9 |
726.3 |
687.2 |
681.9 |
|
Additional Paid-In Capital |
1,679.7 |
1,695.5 |
1,502.8 |
1,418.4 |
1,388.2 |
|
Retained Earnings (Accumulated Deficit) |
12,008.8 |
10,637.6 |
8,091.5 |
7,570.1 |
7,160.3 |
|
Treasury Stock - Common |
-528.2 |
-424.0 |
-371.9 |
-354.1 |
-28.5 |
|
Other Comprehensive Income |
-1,728.3 |
-1,581.3 |
-1,023.5 |
-1,070.6 |
-289.1 |
|
Other Equity, Total |
-1,728.3 |
-1,581.3 |
-1,023.5 |
-1,070.6 |
-289.1 |
|
Total Equity |
12,255.8 |
11,146.8 |
8,925.2 |
8,250.9 |
8,912.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
28,166.8 |
25,930.7 |
20,965.9 |
19,935.8 |
21,149.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
952.3 |
967.9 |
968.0 |
967.8 |
995.1 |
|
Total Common Shares Outstanding |
952.3 |
967.9 |
968.0 |
967.8 |
995.1 |
|
Treasury Shares - Common Stock Primary Issue |
30.9 |
30.8 |
30.7 |
30.9 |
3.6 |
|
Employees |
44,206 |
41,059 |
38,518 |
39,855 |
39,267 |
|
Number of Common Shareholders |
229,378 |
204,270 |
250,471 |
288,480 |
196,154 |
|
Total Long Term Debt, Supplemental |
5,221.6 |
4,891.9 |
4,877.7 |
3,770.9 |
3,370.2 |
|
Long Term Debt Maturing within 1 Year |
1,437.4 |
1,396.0 |
1,114.2 |
860.9 |
1,085.5 |
|
Long Term Debt Maturing in Year 2 |
1,265.8 |
1,471.5 |
1,291.1 |
905.4 |
735.0 |
|
Long Term Debt Maturing in Year 3 |
1,442.9 |
1,128.3 |
1,271.1 |
989.4 |
478.0 |
|
Long Term Debt Maturing in Year 4 |
540.1 |
670.0 |
617.3 |
456.8 |
616.7 |
|
Long Term Debt Maturing in Year 5 |
525.3 |
220.4 |
559.2 |
531.4 |
418.6 |
|
Long Term Debt Maturing in 2-3 Years |
2,708.7 |
2,599.7 |
2,562.2 |
1,894.8 |
1,213.0 |
|
Long Term Debt Maturing in 4-5 Years |
1,065.5 |
890.3 |
1,176.4 |
988.2 |
1,035.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
10.1 |
5.8 |
24.8 |
27.0 |
36.5 |
|
Interest Costs |
-8.2 |
-22.1 |
-38.7 |
-51.3 |
-77.1 |
|
Total Capital Leases, Supplemental |
152.2 |
585.5 |
780.7 |
874.7 |
822.6 |
|
Capital Lease Payments Due in Year 1 |
68.4 |
307.4 |
249.4 |
268.2 |
310.0 |
|
Capital Lease Payments Due in Year 2 |
45.0 |
175.6 |
301.3 |
219.4 |
200.2 |
|
Capital Lease Payments Due in Year 3 |
27.9 |
94.8 |
157.8 |
255.1 |
163.7 |
|
Capital Lease Payments Due in Year 4 |
11.2 |
14.3 |
81.6 |
126.3 |
123.5 |
|
Capital Lease Payments Due in Year 5 |
2.4 |
13.5 |
15.8 |
45.1 |
78.9 |
|
Capital Lease Payments Due in 2-3 Years |
72.9 |
270.5 |
459.1 |
474.6 |
363.8 |
|
Capital Lease Payments Due in 4-5 Years |
13.6 |
27.8 |
97.4 |
171.4 |
202.4 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
5.4 |
1.9 |
13.5 |
11.9 |
23.5 |
|
Total Operating Leases, Supplemental |
127.3 |
121.1 |
143.7 |
116.1 |
125.8 |
|
Operating Lease Payments Due in Year 1 |
41.2 |
39.1 |
51.2 |
38.1 |
38.6 |
|
Operating Lease Payments Due in Year 2 |
28.9 |
25.7 |
32.0 |
23.4 |
28.7 |
|
Operating Lease Payments Due in Year 3 |
20.1 |
18.1 |
19.8 |
13.1 |
16.8 |
|
Operating Lease Payments Due in Year 4 |
13.0 |
12.1 |
10.9 |
8.3 |
9.5 |
|
Operating Lease Payments Due in Year 5 |
7.0 |
7.4 |
7.5 |
6.0 |
6.2 |
|
Operating Lease Pymts. Due in 2-3 Years |
49.0 |
43.8 |
51.9 |
36.5 |
45.4 |
|
Operating Lease Pymts. Due in 4-5 Years |
20.0 |
19.5 |
18.4 |
14.3 |
15.7 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
17.1 |
18.7 |
22.2 |
27.2 |
26.1 |
|
Pension Obligation - Domestic |
1,633.4 |
1,621.1 |
1,471.0 |
1,413.1 |
1,438.8 |
|
Post-Retirement Obligation |
110.3 |
100.3 |
100.8 |
91.8 |
96.0 |
|
Plan Assets - Domestic |
1,081.0 |
1,113.5 |
1,010.3 |
893.5 |
1,076.8 |
|
Plan Assets - Post-Retirement |
76.5 |
64.6 |
65.8 |
66.6 |
75.6 |
|
Funded Status - Domestic |
-552.4 |
-507.6 |
-460.7 |
-519.6 |
-362.0 |
|
Funded Status - Post-Retirement |
-33.8 |
-35.7 |
-34.9 |
-25.2 |
-20.4 |
|
Accumulated Obligation - Post-Retirement |
110.3 |
100.3 |
100.8 |
91.8 |
96.0 |
|
Total Funded Status |
-586.2 |
-543.3 |
-495.6 |
-544.8 |
-382.4 |
|
Discount Rate - Post-Retirement |
4.70% |
5.60% |
5.40% |
6.40% |
5.90% |
|
Expected Rate of Return - Domestic |
2.30% |
2.60% |
2.60% |
2.40% |
2.00% |
|
Expected Rate of Return - Foreign |
4.60% |
4.60% |
4.40% |
4.10% |
4.40% |
|
Compensation Rate - Post-Retirement |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Prepaid Benefits - Domestic |
21.8 |
24.1 |
0.2 |
1.9 |
7.4 |
|
Accrued Liabilities - Domestic |
-574.3 |
-531.7 |
-460.9 |
-521.4 |
-369.4 |
|
Net Assets Recognized on Balance Sheet |
-552.4 |
-507.6 |
-460.7 |
-519.6 |
-362.0 |
|
Equity % - Domestic |
- |
- |
- |
25.20% |
31.30% |
|
Debt Securities % - Domestic |
- |
- |
- |
43.80% |
47.90% |
|
Total Plan Obligations |
1,743.8 |
1,721.4 |
1,571.8 |
1,504.9 |
1,534.8 |
|
Total Plan Assets |
1,157.6 |
1,178.1 |
1,076.1 |
960.1 |
1,152.4 |
|
|
|
Annual Cash Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
2,238.4 |
1,841.8 |
443.3 |
864.7 |
1,826.7 |
|
Depreciation |
1,141.1 |
1,044.1 |
982.5 |
978.8 |
662.0 |
|
Depreciation/Depletion |
1,141.1 |
1,044.1 |
982.5 |
978.8 |
662.0 |
|
Unusual Items |
86.3 |
50.4 |
48.7 |
271.2 |
-22.6 |
|
Other Non-Cash Items |
121.4 |
34.9 |
-79.8 |
-147.7 |
37.0 |
|
Non-Cash Items |
207.7 |
85.2 |
-31.1 |
123.5 |
14.4 |
|
Accounts Receivable |
-276.9 |
-1,721.0 |
-768.9 |
1,028.6 |
-733.6 |
|
Inventories |
-1,739.5 |
-1,141.2 |
1,266.5 |
-222.0 |
-576.4 |
|
Accounts Payable |
-483.9 |
1,185.6 |
-89.9 |
-1,479.4 |
110.1 |
|
Other Operating Cash Flow |
250.5 |
460.7 |
157.5 |
-510.2 |
105.3 |
|
Changes in Working Capital |
-2,249.8 |
-1,216.0 |
565.2 |
-1,183.0 |
-1,094.7 |
|
Cash from Operating Activities |
1,337.5 |
1,755.2 |
1,960.0 |
784.0 |
1,408.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,596.9 |
-1,176.5 |
-994.2 |
-1,449.7 |
-1,028.6 |
|
Capital Expenditures |
-1,596.9 |
-1,176.5 |
-994.2 |
-1,449.7 |
-1,028.6 |
|
Acquisition of Business |
-109.5 |
11.4 |
11.9 |
-2.2 |
-373.7 |
|
Sale of Fixed Assets |
87.5 |
96.0 |
68.7 |
-3.7 |
169.9 |
|
Sale/Maturity of Investment |
22.3 |
24.9 |
17.9 |
7.0 |
148.5 |
|
Purchase of Investments |
-1.6 |
3.3 |
-6.6 |
-11.6 |
-50.3 |
|
Other Investing Cash Flow |
21.0 |
8.1 |
117.2 |
13.5 |
12.8 |
|
Other Investing Cash Flow Items, Total |
19.6 |
143.7 |
209.1 |
3.0 |
-92.8 |
|
Cash from Investing Activities |
-1,577.2 |
-1,032.9 |
-785.1 |
-1,446.7 |
-1,121.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-158.2 |
34.3 |
-38.7 |
-43.6 |
2.7 |
|
Financing Cash Flow Items |
-158.2 |
34.3 |
-38.7 |
-43.6 |
2.7 |
|
Cash Dividends Paid - Common |
-502.8 |
-293.8 |
-270.9 |
-435.9 |
-330.8 |
|
Total Cash Dividends Paid |
-502.8 |
-293.8 |
-270.9 |
-435.9 |
-330.8 |
|
Sale/Issuance of
Common |
-388.5 |
2.0 |
1.4 |
-325.3 |
6.0 |
|
Common Stock, Net |
-388.5 |
2.0 |
1.4 |
-325.3 |
6.0 |
|
Issuance (Retirement) of Stock, Net |
-388.5 |
2.0 |
1.4 |
-325.3 |
6.0 |
|
Short Term Debt, Net |
1,094.4 |
135.3 |
-1,496.3 |
1,269.7 |
5.5 |
|
Long Term Debt Issued |
1,897.7 |
848.2 |
1,674.6 |
1,287.0 |
724.3 |
|
Long Term Debt
Reduction |
-1,704.7 |
-1,383.8 |
-1,122.1 |
-1,182.6 |
-560.2 |
|
Long Term Debt, Net |
193.0 |
-535.6 |
552.5 |
104.5 |
164.1 |
|
Issuance (Retirement) of Debt, Net |
1,287.4 |
-400.3 |
-943.8 |
1,374.2 |
169.6 |
|
Cash from Financing Activities |
237.9 |
-657.8 |
-1,252.0 |
569.4 |
-152.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-12.6 |
-43.6 |
-10.4 |
-20.6 |
-48.7 |
|
Net Change in Cash |
-14.5 |
20.9 |
-87.5 |
-113.9 |
85.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,066.7 |
961.9 |
974.4 |
1,015.2 |
806.6 |
|
Net Cash - Ending Balance |
1,052.1 |
982.9 |
886.9 |
901.3 |
892.5 |
|
Cash Interest Paid |
- |
74.3 |
91.8 |
143.3 |
145.6 |
|
Cash Taxes Paid |
192.3 |
539.5 |
105.4 |
1,109.7 |
968.3 |
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
25,097.9 |
21,508.9 |
15,402.9 |
20,120.0 |
19,623.6 |
|
Total Revenue |
25,097.9 |
21,508.9 |
15,402.9 |
20,120.0 |
19,623.6 |
|
|
|
|
|
|
|
|
Selling General And Administrative Expen |
694.6 |
- |
- |
- |
- |
|
Selling General And Administrative Expen |
29.9 |
- |
- |
- |
- |
|
Total |
18,246.5 |
15,677.9 |
11,852.2 |
15,031.3 |
13,918.9 |
|
Selling General And Administrative Expen |
572.8 |
- |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
2,278.4 |
- |
- |
- |
- |
|
Selling General & Administrative Expense |
- |
3,088.9 |
2,682.2 |
3,211.2 |
2,777.5 |
|
Impairment of LT Fixed Assets |
39.3 |
60.0 |
35.9 |
163.3 |
21.4 |
|
Other |
-10.0 |
80.5 |
111.4 |
182.0 |
-31.3 |
|
Impairment of Goodwill |
- |
- |
0.0 |
19.9 |
25.1 |
|
Total Operating Expense |
21,851.5 |
18,907.4 |
14,681.7 |
18,607.8 |
16,711.6 |
|
|
|
|
|
|
|
|
Interest & Dividend Income |
47.8 |
52.4 |
66.3 |
85.8 |
89.8 |
|
Interest Expenses |
-98.6 |
-75.6 |
-91.5 |
-145.1 |
-146.1 |
|
Other |
-34.5 |
-13.3 |
3.1 |
-171.3 |
-36.8 |
|
Net Income Before Taxes |
3,161.2 |
2,565.1 |
699.1 |
1,281.6 |
2,818.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
943.1 |
755.1 |
272.9 |
420.9 |
1,013.1 |
|
Net Income After Taxes |
2,218.0 |
1,810.0 |
426.2 |
860.7 |
1,805.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-122.9 |
-82.6 |
-82.2 |
-80.5 |
-82.5 |
|
Equity in Affiliates |
20.4 |
31.8 |
17.1 |
3.9 |
59.9 |
|
Net Income Before Extra. Items |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,783.2 |
|
Discountinuing Operation |
- |
- |
- |
- |
43.5 |
|
Net Income |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,826.7 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,783.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,826.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
962.9 |
967.8 |
968.0 |
985.6 |
994.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.20 |
1.82 |
0.37 |
0.80 |
1.79 |
|
Basic EPS Including ExtraOrdinary Item |
2.20 |
1.82 |
0.37 |
0.80 |
1.84 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,115.5 |
1,759.2 |
361.1 |
784.2 |
1,826.7 |
|
Diluted Weighted Average Shares |
963.8 |
968.5 |
968.5 |
986.3 |
996.2 |
|
Diluted EPS Excluding ExtraOrd Items |
2.19 |
1.82 |
0.37 |
0.80 |
1.79 |
|
Diluted EPS Including ExtraOrd Items |
2.19 |
1.82 |
0.37 |
0.80 |
1.83 |
|
DPS-Common Stock |
0.52 |
0.44 |
0.17 |
0.40 |
0.37 |
|
Gross Dividends - Common Stock |
510.9 |
429.4 |
166.7 |
391.4 |
365.8 |
|
Normalized Income Before Taxes |
3,200.5 |
2,625.1 |
735.0 |
1,464.9 |
2,865.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
954.9 |
772.8 |
286.9 |
481.1 |
1,029.8 |
|
Normalized Income After Taxes |
2,245.6 |
1,852.4 |
448.1 |
983.8 |
1,835.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2,143.1 |
1,801.6 |
382.9 |
907.3 |
1,813.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.23 |
1.86 |
0.40 |
0.92 |
1.82 |
|
Diluted Normalized EPS |
2.22 |
1.86 |
0.40 |
0.92 |
1.82 |
|
Interest Expense |
98.6 |
75.6 |
91.5 |
145.1 |
146.1 |
|
Rental Expenses |
- |
169.0 |
148.7 |
145.5 |
139.2 |
|
Amort of Tangible Assets-Current Portion |
1,141.1 |
- |
- |
- |
- |
|
Depreciation |
- |
1,044.1 |
982.5 |
978.8 |
662.0 |
|
Amort of Intangibles |
- |
95.1 |
92.9 |
125.5 |
48.0 |
|
Research and Development Expenses |
694.6 |
- |
- |
- |
- |
|
R&D Expenses |
- |
571.9 |
499.8 |
534.8 |
434.6 |
|
Advertising expense |
29.9 |
- |
- |
- |
- |
|
Advertising Expenses |
- |
30.7 |
26.0 |
46.6 |
38.6 |
|
Income taxes-current |
841.2 |
- |
- |
- |
- |
|
Current Tax- domestic |
- |
179.6 |
56.5 |
227.4 |
472.0 |
|
Current Tax - foreign |
- |
496.3 |
295.5 |
374.8 |
439.1 |
|
Current Tax - Total |
841.2 |
675.9 |
352.1 |
602.2 |
911.1 |
|
Deferred |
101.9 |
- |
- |
- |
- |
|
Deferred Tax - Domestic |
- |
57.0 |
-67.5 |
-169.3 |
68.1 |
|
Deferred Tax - Foregin |
- |
22.1 |
-11.7 |
-12.0 |
33.9 |
|
Deferred Tax - Total |
101.9 |
79.2 |
-79.2 |
-181.3 |
101.9 |
|
Income Tax - Total |
943.1 |
755.1 |
272.9 |
420.9 |
1,013.1 |
|
Reported Operating Income |
3,246.4 |
2,601.5 |
721.3 |
1,512.2 |
2,912.0 |
|
Service Cost |
94.9 |
77.4 |
77.7 |
84.2 |
55.9 |
|
Interest Cost |
44.0 |
41.8 |
40.3 |
38.7 |
33.0 |
|
Expected Return on Plan Assets |
-34.5 |
-34.6 |
-26.4 |
-30.1 |
-28.1 |
|
Amortized cost due to difference between |
32.6 |
26.7 |
26.7 |
16.1 |
5.0 |
|
Amortized cost due to liability for past |
3.0 |
2.6 |
1.9 |
5.3 |
7.2 |
|
Curtailments & settlements |
- |
-0.1 |
-0.3 |
4.7 |
0.0 |
|
Domestic Pension Plan Expense |
139.9 |
113.8 |
119.9 |
118.9 |
73.1 |
|
Total Pension Expense |
139.9 |
113.8 |
119.9 |
118.9 |
73.1 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
1.90% |
|
Expected rate of return |
1.90% |
1.90% |
1.90% |
1.90% |
1.90% |
|
Compensation rate |
2.60% |
2.60% |
2.40% |
2.00% |
2.30% |
|
Discount Rate - Foreign |
6.00% |
6.00% |
6.90% |
6.70% |
5.60% |
|
Expected Rate of Return - Foreign |
6.50% |
7.20% |
7.60% |
7.50% |
7.60% |
|
Compensation Rate - Foreign |
4.60% |
4.40% |
4.10% |
4.40% |
4.10% |
|
Discount Rate - Post Ret |
5.60% |
5.40% |
6.40% |
5.90% |
5.50% |
|
Expected Rate of Return - Post Ret |
5.30% |
5.60% |
5.50% |
5.50% |
5.50% |
|
Compensation Rate - Post Ret |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
|
|
Annual Balance Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
1,008.4 |
1,016.2 |
882.2 |
916.9 |
1,024.9 |
|
Time Deposits |
11.0 |
8.9 |
12.1 |
0.4 |
1.0 |
|
Account Receivable -Gross |
- |
- |
4,951.1 |
3,940.8 |
5,375.9 |
|
Allowance for Doubtful Account |
- |
- |
-159.9 |
-155.2 |
-115.2 |
|
Account Receivable -Net |
6,794.3 |
6,428.1 |
- |
- |
- |
|
Inventories Finished Goods |
5,122.3 |
- |
- |
- |
- |
|
Finished Product |
- |
3,557.0 |
2,720.0 |
3,327.4 |
3,429.6 |
|
Work in process |
1,715.1 |
- |
- |
- |
- |
|
Work-in-process |
- |
1,630.9 |
1,092.6 |
1,299.4 |
1,235.8 |
|
Raw materials and supplies |
595.4 |
- |
- |
- |
- |
|
Materials & Other Inventory Supply |
- |
529.7 |
429.8 |
510.0 |
543.3 |
|
Asset Held for Sold |
- |
- |
- |
- |
0.0 |
|
Deferred Income Taxes&Others |
1,751.3 |
1,843.4 |
1,203.5 |
1,330.1 |
1,301.1 |
|
Total Current Assets |
16,997.8 |
15,014.1 |
11,131.4 |
11,169.8 |
12,796.3 |
|
|
|
|
|
|
|
|
LT Operation Loan |
2,237.0 |
2,211.3 |
1,615.7 |
1,042.5 |
901.1 |
|
Investment in Affiliates |
- |
303.0 |
256.9 |
194.9 |
229.9 |
|
Investment Securities |
657.8 |
431.2 |
647.1 |
545.2 |
798.5 |
|
Equity secs.-nonconsolidated affil. |
249.6 |
303.0 |
- |
- |
- |
|
Other Investment |
31.3 |
37.7 |
25.7 |
121.7 |
116.3 |
|
Property Plant And Equipment Net |
6,429.0 |
- |
- |
- |
- |
|
Land |
- |
1,151.2 |
988.4 |
950.3 |
951.7 |
|
Buildings |
- |
4,073.6 |
3,526.9 |
3,194.5 |
3,113.9 |
|
Machinery & Equipment |
- |
8,379.7 |
7,603.9 |
6,907.4 |
6,581.0 |
|
Construction- in-Progress |
- |
244.0 |
263.8 |
237.6 |
106.9 |
|
Depreciation |
- |
-7,714.4 |
-6,763.4 |
-5,969.7 |
-5,819.1 |
|
Goodwill |
379.1 |
353.8 |
316.5 |
290.2 |
319.8 |
|
Other Intangibles |
703.4 |
651.2 |
660.6 |
611.0 |
622.1 |
|
Deferred Taxes&Others |
481.7 |
491.3 |
692.4 |
640.5 |
431.4 |
|
Total Assets |
28,166.8 |
25,930.7 |
20,965.9 |
19,935.8 |
21,149.8 |
|
|
|
|
|
|
|
|
Short-term loans payable |
2,619.7 |
1,572.2 |
1,321.0 |
2,228.3 |
1,094.0 |
|
Current Portion of Long Term Debt |
1,450.0 |
1,479.3 |
1,133.9 |
887.5 |
1,084.3 |
|
Note & Account Payables |
3,319.3 |
3,728.0 |
2,215.6 |
2,170.4 |
3,889.1 |
|
Taxes Payable |
281.5 |
468.5 |
235.5 |
109.5 |
527.0 |
|
Liabilities Held for Sold |
- |
- |
- |
- |
0.0 |
|
Deferred Taxes&Other Liabilities |
2,813.3 |
2,404.3 |
1,961.9 |
2,018.3 |
2,061.2 |
|
Total Current Liabilities |
10,483.8 |
9,652.4 |
6,868.0 |
7,414.1 |
8,655.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
3,793.4 |
3,512.9 |
3,820.5 |
2,957.4 |
2,363.8 |
|
Total Long Term Debt |
3,793.4 |
3,512.9 |
3,820.5 |
2,957.4 |
2,363.8 |
|
|
|
|
|
|
|
|
Reserve for Retirement Benefit Account |
615.2 |
579.5 |
496.1 |
544.9 |
390.9 |
|
Minority Interest |
579.7 |
589.2 |
458.3 |
338.1 |
303.8 |
|
Deferred Taxes&Other Liabilities |
438.9 |
449.9 |
397.8 |
430.4 |
523.1 |
|
Total Liabilities |
15,911.0 |
14,784.0 |
12,040.7 |
11,684.9 |
12,237.1 |
|
|
|
|
|
|
|
|
Common Stock |
823.8 |
818.9 |
726.3 |
687.2 |
681.9 |
|
Capital Surplus |
1,679.7 |
1,695.5 |
1,502.8 |
1,418.4 |
1,388.2 |
|
Retained-Legal Reserve |
460.7 |
416.2 |
342.3 |
288.3 |
268.4 |
|
Unappropriated Retained Earnings |
11,548.1 |
10,221.4 |
7,749.3 |
7,281.8 |
6,891.9 |
|
Other Accumulated Comprehsv. G/L |
-1,728.3 |
-1,581.3 |
-1,023.5 |
-1,070.6 |
-289.1 |
|
Treasury Stock |
-528.2 |
-424.0 |
-371.9 |
-354.1 |
-28.5 |
|
Total Equity |
12,255.8 |
11,146.8 |
8,925.2 |
8,250.9 |
8,912.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
28,166.8 |
25,930.7 |
20,965.9 |
19,935.8 |
21,149.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
952.3 |
967.9 |
968.0 |
967.8 |
995.1 |
|
Total Common Shares Outstanding |
952.3 |
967.9 |
968.0 |
967.8 |
995.1 |
|
T/S-Common Stock |
30.9 |
30.8 |
30.7 |
30.9 |
3.6 |
|
Full-Time Employees |
44,206 |
41,059 |
38,518 |
39,855 |
39,267 |
|
Total Number of Shareholders |
229,378 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
204,270 |
250,471 |
288,480 |
196,154 |
|
Division And End Of Current Period Remai |
1,437.4 |
- |
- |
- |
- |
|
Long Term Debt Maturing within 1 Yr |
- |
1,396.0 |
1,114.2 |
860.9 |
1,085.5 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
1,265.8 |
- |
- |
- |
- |
|
Long Term Debt Maturing within 2 Yr |
- |
1,471.5 |
1,291.1 |
905.4 |
735.0 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
1,442.9 |
- |
- |
- |
- |
|
Long Term Debt Maturing within 3 Yr |
- |
1,128.3 |
1,271.1 |
989.4 |
478.0 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
540.1 |
- |
- |
- |
- |
|
Long Term Debt Maturing within 4 Yr |
- |
670.0 |
617.3 |
456.8 |
616.7 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
525.3 |
- |
- |
- |
- |
|
Long Term Debt Maturing within 5 Yr |
- |
220.4 |
559.2 |
531.4 |
418.6 |
|
Loans Payable Remaining |
10.1 |
- |
- |
- |
- |
|
Long Term Debt Remaining Maturity |
- |
5.8 |
24.8 |
27.0 |
36.5 |
|
Total Long Term Debt, Supplemental |
5,221.6 |
4,891.9 |
4,877.7 |
3,770.9 |
3,370.2 |
|
Cp. Lease due within 1 yr. |
68.4 |
307.4 |
249.4 |
268.2 |
310.0 |
|
Cp. Lease due within 2 yr. |
45.0 |
175.6 |
301.3 |
219.4 |
200.2 |
|
Cp. Lease due within 3 yr. |
27.9 |
94.8 |
157.8 |
255.1 |
163.7 |
|
Cp. Lease due within 4 yr. |
11.2 |
14.3 |
81.6 |
126.3 |
123.5 |
|
Cp. Lease due within 5 yr. |
2.4 |
13.5 |
15.8 |
45.1 |
78.9 |
|
Thereafter |
5.4 |
1.9 |
13.5 |
11.9 |
23.5 |
|
Interest Cost |
-8.2 |
-22.1 |
-38.7 |
-51.3 |
-77.1 |
|
Total Capital Leases |
152.2 |
585.5 |
780.7 |
874.7 |
822.6 |
|
Op. Lease due within 1 yr. |
41.2 |
39.1 |
51.2 |
38.1 |
38.6 |
|
Op. Lease due within 2 yr. |
28.9 |
25.7 |
32.0 |
23.4 |
28.7 |
|
Op. Lease due within 3 yr. |
20.1 |
18.1 |
19.8 |
13.1 |
16.8 |
|
Op. Lease due within 4 yr. |
13.0 |
12.1 |
10.9 |
8.3 |
9.5 |
|
Op. Lease due within 5 yr. |
7.0 |
7.4 |
7.5 |
6.0 |
6.2 |
|
Thereafter |
17.1 |
18.7 |
22.2 |
27.2 |
26.1 |
|
Total Operating Leases |
127.3 |
121.1 |
143.7 |
116.1 |
125.8 |
|
Pension Obligation |
1,633.4 |
1,621.1 |
1,471.0 |
1,413.1 |
1,438.8 |
|
Fair Value of Plan Assets |
1,081.0 |
1,113.5 |
1,010.3 |
893.5 |
1,076.8 |
|
Funded Status |
-552.4 |
-507.6 |
-460.7 |
-519.6 |
-362.0 |
|
Accumulated Benefit Obligation - Post-Re |
110.3 |
100.3 |
100.8 |
91.8 |
96.0 |
|
Projected Benefit Obligation - Post-Ret |
110.3 |
100.3 |
100.8 |
91.8 |
96.0 |
|
Fair value of plan assets - Post Ret. |
76.5 |
64.6 |
65.8 |
66.6 |
75.6 |
|
Funded Status - Post Ret. |
-33.8 |
-35.7 |
-34.9 |
-25.2 |
-20.4 |
|
Total Funded Status |
-586.2 |
-543.3 |
-495.6 |
-544.8 |
-382.4 |
|
Discount Rate-Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Compensation Rate - Domestic |
2.30% |
2.60% |
2.60% |
2.40% |
2.00% |
|
Discount Rate- Foreign |
5.50% |
6.00% |
6.00% |
6.90% |
6.70% |
|
Expected Rated of Return- Foreign |
4.60% |
4.60% |
4.40% |
4.10% |
4.40% |
|
Discount Rate - Post Ret. |
4.70% |
5.60% |
5.40% |
6.40% |
5.90% |
|
Compensation Rate - Post Ret. |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Prepaid Pension Expenses |
21.8 |
24.1 |
0.2 |
1.9 |
7.4 |
|
Other Liabilities |
-1.2 |
-0.6 |
-1.0 |
-6.3 |
-2.5 |
|
Accumulated Pension Benefit |
-573.0 |
-531.1 |
-460.0 |
-515.1 |
-366.9 |
|
Net Assets Recognized on Balance Sheet |
-552.4 |
-507.6 |
-460.7 |
-519.6 |
-362.0 |
|
Equity Securities-Domestic |
- |
- |
- |
25.20% |
31.30% |
|
Debt Securities |
- |
- |
- |
43.80% |
47.90% |
|
Life insurance Company-Domestic |
- |
- |
- |
29.70% |
19.60% |
|
Others-Domestic |
- |
- |
- |
1.30% |
1.20% |
|
|
|
Annual Cash Flows |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
2,238.4 |
1,841.8 |
443.3 |
864.7 |
1,826.7 |
|
Depreciation |
1,141.1 |
1,044.1 |
982.5 |
978.8 |
662.0 |
|
Deferred Taxes |
101.9 |
79.2 |
-79.2 |
-181.3 |
131.4 |
|
Marketable Securities |
31.9 |
0.6 |
-7.3 |
35.3 |
-70.4 |
|
Sale of Property |
-11.6 |
-32.8 |
-4.0 |
-2.7 |
-27.7 |
|
Dispossale of Fixed Assets |
26.7 |
22.5 |
24.1 |
55.3 |
29.0 |
|
Impairment of Fixed Assets |
39.3 |
60.0 |
35.9 |
163.3 |
21.4 |
|
Impairment of Goodwill reserve |
- |
- |
0.0 |
19.9 |
25.1 |
|
Reserve for Retirement Benefits |
19.5 |
-44.3 |
-0.6 |
33.6 |
-94.3 |
|
Account Receivable |
-276.9 |
-1,721.0 |
-768.9 |
1,028.6 |
-733.6 |
|
Inventories |
-1,739.5 |
-1,141.2 |
1,266.5 |
-222.0 |
-576.4 |
|
Account Payable |
-483.9 |
1,185.6 |
-89.9 |
-1,479.4 |
110.1 |
|
Taxes Payable |
-192.3 |
208.6 |
121.7 |
-403.1 |
-25.5 |
|
Other, Net |
442.8 |
252.1 |
35.8 |
-107.1 |
130.7 |
|
Cash from Operating Activities |
1,337.5 |
1,755.2 |
1,960.0 |
784.0 |
1,408.4 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-1,596.9 |
-1,176.5 |
-994.2 |
-1,449.7 |
-1,028.6 |
|
Sale of Property |
105.9 |
112.1 |
120.6 |
63.8 |
169.9 |
|
Sale of investment securities for sale |
22.3 |
24.9 |
10.8 |
7.0 |
- |
|
Purchase of investment securities for sa |
-18.5 |
-16.1 |
-51.9 |
-67.5 |
- |
|
Sale of Marketable Securities |
- |
- |
- |
- |
5.3 |
|
Purchase of Marketable Securities |
- |
- |
- |
- |
-40.8 |
|
Sale of Subsidiary Stock |
- |
0.0 |
7.1 |
0.0 |
143.2 |
|
Acquisition of Subsidiary |
- |
- |
- |
-2.2 |
-373.7 |
|
Purchase of Subsidiary&Affiliates |
-109.5 |
11.4 |
11.9 |
- |
- |
|
Loan Receivable Collected |
26.6 |
22.5 |
124.4 |
77.0 |
68.0 |
|
Loan Receivable Made |
-5.6 |
-14.4 |
-7.2 |
-63.5 |
-55.2 |
|
Time Deposits, Net |
-1.6 |
3.3 |
-6.6 |
-11.6 |
-9.6 |
|
Cash from Investing Activities |
-1,577.2 |
-1,032.9 |
-785.1 |
-1,446.7 |
-1,121.4 |
|
|
|
|
|
|
|
|
Proceeds, Long Term Debt |
1,897.7 |
848.2 |
1,674.6 |
1,287.0 |
724.3 |
|
Repayment Long Term Debt |
-1,131.3 |
-1,049.6 |
-786.0 |
-876.3 |
-427.5 |
|
Short Term Debt, Net |
1,094.4 |
135.3 |
-1,496.3 |
1,269.7 |
5.5 |
|
Repayment of Capital Lease |
-573.3 |
-334.2 |
-336.1 |
-306.2 |
-132.7 |
|
Treasury Stock,Net |
-388.5 |
2.0 |
1.4 |
-325.3 |
6.0 |
|
Dividends Paid |
-502.8 |
-293.8 |
-270.9 |
-435.9 |
-330.8 |
|
Other |
-158.2 |
34.3 |
-38.7 |
-43.6 |
2.7 |
|
Cash from Financing Activities |
237.9 |
-657.8 |
-1,252.0 |
569.4 |
-152.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-12.6 |
-43.6 |
-10.4 |
-20.6 |
-48.7 |
|
Net Change in Cash |
-14.5 |
20.9 |
-87.5 |
-113.9 |
85.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,066.7 |
961.9 |
974.4 |
1,015.2 |
806.6 |
|
Net Cash - Ending Balance |
1,052.1 |
982.9 |
886.9 |
901.3 |
892.5 |
|
Cash Interest Paid |
- |
74.3 |
91.8 |
143.3 |
145.6 |
|
Cash Taxes Paid |
192.3 |
539.5 |
105.4 |
1,109.7 |
968.3 |
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
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Financials in: USD (mil) |
|
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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.55.44 |
|
|
1 |
Rs.89.30 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.