MIRA
INFORM REPORT
|
Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAWASAKI THERMAL ENGINEERING CO., LTD. |
|
|
|
|
Registered Office : |
1000, Aoji-cho Kusatsu-Shi, 525-8558 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
10.03.1972 |
|
|
|
|
Legal Form : |
Public Subsidiary Company |
|
|
|
|
Line of Business : |
development, manufacture, sale, repair and maintenance
of air conditioning equipment and multi-purpose boilers |
|
|
|
|
No. of Employees : |
503 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Usually Correct |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small
defense allocation (1% of GDP) helped Japan develop a technologically advanced
economy. Two notable characteristics of the post-war economy were the close
interlocking structures of manufacturers, suppliers, and distributors, known as
keiretsu, and the guarantee of lifetime employment for a substantial portion of
the urban labor force. Both features are now eroding under the dual pressures
of global competition and domestic demographic change. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. A tiny
agricultural sector is highly subsidized and protected, with crop yields among
the highest in the world. Usually self-sufficient in rice, Japan imports about
60% of its food on a caloric basis. Japan maintains one of the world's largest
fishing fleets and accounts for nearly 15% of the global catch. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest economy
in the world after second-place China, which surpassed Japan in 2001, and
third-place India, which edged out Japan in 2011. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan
further into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies
remain tight because Japan has temporarily shut down almost all of its nuclear
power plants after the Fukushima Daiichi nuclear reactors were crippled by the
earthquake and resulting tsunami. Estimates of the direct costs of the damage -
rebuilding homes, factories, and infrastructure - range from $235 billion to
$310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy.
|
Source
: CIA |
Company name & address
KAWASAKI THERMAL
ENGINEERING CO., LTD.
1000, Aoji-cho
Kusatsu-Shi, 525-8558
Japan
Tel: 81-77-5631111
Fax: 81-77-5631120
Web: www.khi.co.jp
synthesis
Employees: 503
Company Type: Public Subsidiary
Corporate Family: 143
Companies
Ultimate Parent: Kawasaki
Heavy Industries, Ltd.
Traded: Osaka
Stock Exchange: 6414
Incorporation Date:
10-Mar-1972
Auditor: KPMG AZSA LLC
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 202.0
1
Net Income: 0.2
Total Assets:
149.0 2
Market Value: 88.5
(14-Mar-2013)
Business Description
KAWASAKI THERMAL ENGINEERING CO., LTD. is a Japan-based company
primarily engaged in the development, manufacture, sale, repair and maintenance
of air conditioning equipment and multi-purpose boilers. The Company operates
in two business segments. The Air Conditioning segment is engaged in the
development, manufacture and sale of air conditioning equipment in buildings,
hotels, hospitals and schools, among others, as well as the provision of
maintenance services, the construction works of energy-saving renovation, the
sale of components and drugs. The Boilers segment is involved in the
development, manufacture and sale of various boilers, the provision of
maintenance services, the construction works of energy-saving renovation, the
sale of components and drugs. As of March 31, 2012, the Company had 97
subsidiaries and 28 associated companies. For the nine months ended 31 December
2012, KAWASAKI THERMAL ENGINEERING CO., LTD. revenues increased 1% to Y11.89B.
Net income applicable to common stockholders totaled Y29.8M vs. loss of Y2.6M.
Revenues reflect Air-Condition segment increase from Y2.87B to Y8.02B, Boiler
business segment increase from Y1.6B to Y3.88B. Net Income reflects NOP Other
Non-Operating Expenses decrease of 98% to Y2M (expense).
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2452 - Fixed Space
Heating, Cooling and Ventilation Equipment Manufacturing
NACE 2002: 2923 - Manufacture
of non-domestic cooling and ventilation equipment
NAICS 2002: 333415 -
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial
Refrigeration
Equipment Manufacturing
UK SIC 2003: 2923 - Manufacture
of non-domestic cooling and ventilation equipment
UK SIC 2007: 2825 - Manufacture
of non-domestic cooling and ventilation equipment
US SIC 1987: 3585 -
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial
Refrigeration
Equipment
Key Executives
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 78.96121
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.38536
Corporate Overview
Location
1000, Aoji-cho
Kusatsu-Shi, 525-8558
Japan
Tel: 81-77-5631111
Fax: 81-77-5631120
Web: www.khi.co.jp
Quote Symbol - Exchange
6414 - Osaka Stock
Exchange
Sales JPY(mil): 15,948.2
Assets JPY(mil): 12,278.1
Employees: 503
Fiscal Year End: 31-Mar-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 10-Mar-1972
Company Type: Public
Subsidiary
Quoted Status: Quoted
President,
Representative Director:
Haruo Nomura
Industry Codes
ANZSIC 2006 Codes:
2452 - Fixed Space Heating, Cooling and Ventilation Equipment
Manufacturing
3720 - Pharmaceutical and Toiletry Goods Wholesaling
2231 - Boiler, Tank and Other Heavy Gauge Metal Container
Manufacturing
9422 - Electronic (except Domestic Appliance) and Precision
Equipment Repair
NACE 2002 Codes:
2923 - Manufacture of non-domestic cooling and ventilation
equipment
5272 - Repair of electrical household goods
2811 - Manufacture of metal structures and parts of structures
5146 - Wholesale of pharmaceutical goods
NAICS 2002 Codes:
333415 - Air-Conditioning and Warm Air Heating Equipment and
Commercial and Industrial Refrigeration Equipment Manufacturing
424210 - Drugs and Druggists' Sundries Merchant Wholesalers
811412 - Appliance Repair and Maintenance
332313 - Plate Work Manufacturing
US SIC 1987:
3585 - Air-Conditioning and Warm Air Heating Equipment and
Commercial and Industrial Refrigeration Equipment
7629 - Electrical and Electronic Repair Shops, Not Elsewhere
Classified
3443 - Fabricated Plate Work (Boiler Shops)
5122 - Drugs, Drug Proprietaries, and Druggists' Sundries
UK SIC 2003:
2923 - Manufacture of non-domestic cooling and ventilation
equipment
5272 - Repair of electrical household goods
2811 - Manufacture of metal structures and parts of structures
5146 - Wholesale of pharmaceutical goods
UK SIC 2007:
2825 - Manufacture of non-domestic cooling and ventilation
equipment
4646 - Wholesale of pharmaceutical goods
9522 - Repair of household appliances and home and garden
equipment
2511 - Manufacture of metal structures and parts of structures
Business
Description
KAWASAKI THERMAL
ENGINEERING CO., LTD. is a Japan-based company primarily engaged in the
development, manufacture, sale, repair and maintenance of air conditioning
equipment and multi-purpose boilers. The Company operates in two business
segments. The Air Conditioning segment is engaged in the development,
manufacture and sale of air conditioning equipment in buildings, hotels,
hospitals and schools, among others, as well as the provision of maintenance
services, the construction works of energy-saving renovation, the sale of
components and drugs. The Boilers segment is involved in the development,
manufacture and sale of various boilers, the provision of maintenance services,
the construction works of energy-saving renovation, the sale of components and
drugs. As of March 31, 2012, the Company had 97 subsidiaries and 28 associated
companies. For the nine months ended 31 December 2012, KAWASAKI THERMAL
ENGINEERING CO., LTD. revenues increased 1% to Y11.89B. Net income applicable
to common stockholders totaled Y29.8M vs. loss of Y2.6M. Revenues reflect
Air-Condition segment increase from Y2.87B to Y8.02B, Boiler business segment
increase from Y1.6B to Y3.88B. Net Income reflects NOP Other Non-Operating
Expenses decrease of 98% to Y2M (expense).
More Business
Descriptions
Manufacture of absorption chillers, and small and medium-sized boilers
Air Conditioning Equipment & Multipurpose Boiler Mfr
All Other General Purpose Machinery Manufacturing
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Corporate Family |
Corporate
Structure News: |
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|
Kawasaki
Heavy Industries, Ltd. |
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KAWASAKI THERMAL ENGINEERING CO., LTD. |
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Kobe-Shi |
Japan |
Recreational Products |
16,511.6 |
33,267 |
|
|
Facility |
Gifu |
Japan |
Railroads |
|
4,000 |
|
|
Subsidiary |
Gifu |
Japan |
Engineering Consultants |
|
3,000 |
|
|
Facility |
Kobe |
Japan |
Railroads |
|
3,000 |
|
|
Facility |
Hyogo |
Japan |
Railroads |
|
2,200 |
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Water Transportation |
|
2,000 |
|
|
Branch |
Sakaide, Kagawa |
Japan |
Miscellaneous Capital Goods |
|
2,700 |
|
|
Subsidiary |
Tokyo |
Japan |
Auto and Truck Parts |
|
2,000 |
|
|
Subsidiary |
Warrington |
United Kingdom |
Engineering Consultants |
2.9 |
12 |
|
|
Subsidiary |
Yokohama |
Japan |
Aerospace and Defense |
|
1,441 |
|
|
Joint Venture |
Nantong, Jiangsu Province |
China |
Water Transportation |
|
1,400 |
|
|
Branch |
Kobe, Hyogo |
Japan |
Railroads |
|
1,336 |
|
|
Subsidiary |
Rayong |
Thailand |
Recreational Products |
|
1,000 |
|
|
Facility |
Kobe, Hyogo Ku |
Japan |
Railroads |
|
1,000 |
|
|
Subsidiary |
Jakarta Utara |
Indonesia |
Recreational Products |
|
750 |
|
|
Subsidiary |
Lincoln, NE |
United States |
Recreational Products |
576.0 |
744 |
|
|
Branch |
Maryville, MO |
United States |
Retail (Home Improvement) |
243.7 |
1,000 |
|
|
Subsidiary |
Kobe |
Japan |
Railroads |
|
707 |
|
|
Facility |
Hyogo |
Japan |
Railroads |
|
600 |
|
|
Subsidiary |
Metro Manila |
Philippines |
Recreational Products |
160.4 |
530 |
|
|
Subsidiary |
Kusatsu-Shi |
Japan |
Miscellaneous Capital Goods |
202.0 |
503 |
|
|
Facility |
Hyogo |
Japan |
Railroads |
|
500 |
|
|
Subsidiary |
Hyogo |
Japan |
Construction and Agriculture Machinery |
|
456 |
|
|
Subsidiary |
Irvine, CA |
United States |
Auto and Truck Manufacturers |
1,600.0 |
400 |
|
|
Branch |
Irvine, CA |
United States |
Consumer Financial Services |
|
400 |
|
|
Branch |
Grand Rapids, MI |
United States |
Retail (Specialty) |
18.5 |
115 |
|
|
Branch |
Atlanta, GA |
United States |
Auto and Truck Parts |
49.5 |
25 |
|
|
Branch |
Ontario, CA |
United States |
Auto and Truck Parts |
32.5 |
15 |
|
|
Branch |
Richland Hills, TX |
United States |
Auto and Truck Parts |
10.9 |
5 |
|
|
Branch |
Irvine, CA |
United States |
Consumer Financial Services |
|
4 |
|
|
Branch |
Eatontown, NJ |
United States |
Auto and Truck Parts |
6.5 |
3 |
|
|
Shanghai
Cosco Kawasaki Heavy Industries Steel Structure Co Ltd |
Joint Venture |
Shanghai |
China |
Construction Services |
|
345 |
|
Subsidiary |
Kobe |
Japan |
Security Systems and Services |
|
308 |
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Medical Equipment and Supplies |
65.2 |
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
300 |
|
|
Subsidiary |
Hyogo |
Japan |
Aerospace and Defense |
|
300 |
|
|
Subsidiary |
Plymouth |
United Kingdom |
Miscellaneous Capital Goods |
132.3 |
299 |
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
|
276 |
|
|
Unit |
Yachiyo, Chiba |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Manaus, Amazonas |
Brazil |
Auto and Truck Parts |
|
250 |
|
|
Subsidiary |
Bangkok |
Thailand |
Construction - Supplies and Fixtures |
|
200 |
|
|
Joint Venture |
Wuhan |
China |
Auto and Truck Parts |
|
180 |
|
|
Subsidiary |
Akashi, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
151 |
|
|
Facility |
Nagoya |
Japan |
Railroads |
|
100 |
|
|
Subsidiary |
Wixom, MI |
United States |
Miscellaneous Capital Goods |
51.3 |
93 |
|
|
Branch |
San Jose, CA |
United States |
Miscellaneous Fabricated Products |
26.9 |
10 |
|
|
Branch |
Louisville, KY |
United States |
Miscellaneous Fabricated Products |
16.4 |
7 |
|
|
Branch |
Newnan, GA |
United States |
Miscellaneous Fabricated Products |
14.8 |
6 |
|
|
Subsidiary |
Metro Manila |
Philippines |
Engineering Consultants |
1.5 |
80 |
|
|
Subsidiary |
Akashi, Hyogo |
Japan |
Recreational Products |
|
80 |
|
|
Subsidiary |
Kakogawa, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
72 |
|
|
Joint Venture |
Visano, BS |
Italy |
Miscellaneous Capital Goods |
32.1 |
59 |
|
|
Subsidiary |
Visano, Brescia |
Italy |
Electronic Instruments and Controls |
2.7 |
6 |
|
|
Subsidiary |
Friedrichsdorf, Hessen |
Germany |
Auto and Truck Manufacturers |
26.5 |
55 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Miscellaneous Capital Goods |
47.7 |
50 |
|
|
Subsidiary |
Kennesaw, GA |
United States |
Construction and Agriculture Machinery |
24.3 |
50 |
|
|
Subsidiary |
Yonkers, NY |
United States |
Railroads |
10.0 |
50 |
|
|
Subsidiary |
Kennesaw, GA |
United States |
Construction and Agriculture Machinery |
|
50 |
|
|
Subsidiary |
Rydalmere, NSW |
Australia |
Retail (Specialty) |
51.8 |
45 |
|
|
Subsidiary |
Bourne End |
United Kingdom |
Recreational Products |
118.8 |
40 |
|
|
Subsidiary |
Matsudo |
Japan |
Engineering Consultants |
|
40 |
|
|
Subsidiary |
Bad Homburg, Hessen |
Germany |
Miscellaneous Capital Goods |
|
35 |
|
|
Subsidiary |
Hoofddorp |
Netherlands |
Retail (Specialty) |
549.2 |
30 |
|
|
Subsidiary |
Neuss, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
26.9 |
30 |
|
|
Subsidiary |
Shah Alam, Selangor Darul Ehsan |
Malaysia |
Miscellaneous Capital Goods |
15.2 |
29 |
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Construction Services |
|
27 |
|
|
Subsidiary |
Toronto, ON |
Canada |
Auto and Truck Manufacturers |
|
25 |
|
|
Subsidiary |
Grand Rapids, MI |
United States |
Business Services |
|
25 |
|
|
Subsidiary |
Incheon |
Korea, Republic of |
Miscellaneous Capital Goods |
32.7 |
23 |
|
|
Branch |
Taipei City, Taipei |
Taiwan |
Auto and Truck Parts |
|
20 |
|
|
Subsidiary |
Inchon, Inchon |
Korea, Republic of |
Miscellaneous Capital Goods |
0.5 |
13 |
|
|
Subsidiary |
London |
United Kingdom |
Personal Services |
2.3 |
6 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Auto and Truck Parts |
1.3 |
6 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Water Transportation |
|
6 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Business Services |
|
6 |
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
|
4 |
|
|
Subsidiary |
New York, NY |
United States |
Business Services |
|
3 |
|
|
Branch |
Kirkland, WA |
United States |
Miscellaneous Capital Goods |
8.5 |
3 |
|
|
Branch |
Houston, TX |
United States |
Auto and Truck Manufacturers |
24.7 |
2 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Auto and Truck Parts |
|
2 |
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Miscellaneous Capital Goods |
1,369.5 |
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Miscellaneous Capital Goods |
87.3 |
|
|
|
Subsidiary |
Akashi, Hyogo |
Japan |
Biotechnology and Drugs |
78.9 |
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Auto and Truck Manufacturers |
77.4 |
|
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Business Services |
68.1 |
|
|
|
Subsidiary |
Akashi, Hyogo |
Japan |
Business Services |
50.7 |
|
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Auto and Truck Manufacturers |
|
|
|
|
Branch |
Lainate, MI |
Italy |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Amphur Pluak Daeng, Rayong |
Thailand |
Engineering Consultants |
|
|
|
|
Subsidiary |
Akashi, Hyogo |
Japan |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Water Transportation |
|
|
|
|
Subsidiary |
Kakamigahara, Gifu |
Japan |
Engineering Consultants |
|
|
|
|
Subsidiary |
Suzhou |
China |
Water Transportation |
|
|
|
|
Subsidiary |
Akashi, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Burlington, VT |
United States |
Investment Services |
|
|
|
|
Subsidiary |
Tianjin |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Unit |
Sakaide, Kagawa |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Kakogawa, Hyogo |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Engineering Consultants |
|
|
|
|
Subsidiary |
Kitakyushu, Fukuoka |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Akashi, Hyogo |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Water Transportation |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Recreational Products |
|
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Railroads |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Water Transportation |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Real Estate Operations |
|
|
|
|
Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
|
|
|
|
Unit |
Aichi |
Japan |
Aerospace and Defense |
|
|
|
|
Subsidiary |
Gifu |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Sapporo |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Changwon, Kyung Nam |
Korea, Republic of |
Miscellaneous Capital Goods |
|
|
|
|
Facility |
Uiryeong, Kyungnam |
Korea, Republic of |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Pune, Maharashtra |
India |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Shangyu, Zhejiang |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Akashi |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Computer Networks |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Engineering Consultants |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Construction Services |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Railroads |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Railroads |
|
|
|
|
Subsidiary |
Sakaide, Kagawa |
Japan |
Water Transportation |
|
|
|
|
Subsidiary |
Amagasaki, Hyogo |
Japan |
Construction Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
|
|
|
|
Subsidiary |
Yachiyo, Chiba |
Japan |
Construction Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Hyogo |
Japan |
Construction Services |
|
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Aerospace and Defense |
|
|
|
|
Subsidiary |
Kakamigahara, Gifu |
Japan |
Aerospace and Defense |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Unit |
Kakogawa, Hyogo |
Japan |
Miscellaneous Fabricated Products |
|
|
|
|
Unit |
Kakogawa, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Water Transportation |
|
|
|
|
Unit |
Kobe, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Unit |
Yatomi, Aichi |
Japan |
Aerospace and Defense |
|
|
|
|
Subsidiary |
Kakamigahara, Gifu |
Japan |
Engineering Consultants |
|
|
|
|
Kawasaki
Heavy Industries, Ltd. - KCM Corporation Main Plant |
Facility |
Hyogo |
Japan |
Construction and Agriculture Machinery |
|
|
|
Joint Venture |
Qiongshan, Hainan |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Water Transportation |
|
|
Executive report
|
Board
of Directors |
|
|
|
|
||||||
|
Managing Director, Senior Manager of
Quality Assurance Office |
Director/Board Member |
|
||||||
|
|||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Senior Manager of Sales and Service
Office, Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Managing Director, Senior Manager of
Technology Office |
Director/Board Member |
|
|
|||||
|
|||||||||
|
President, Representative Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Director of Business Administration, Manager
of Planning Office, Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Executives |
|
|
|
|
||||||
|
President |
President |
|
||||||
|
President, Representative Director |
President |
|
||||||
|
|||||||||
|
Managing Director, Senior Manager of
Quality Assurance Office |
Managing Director |
|
|
|||||
|
|||||||||
|
Managing Director, Senior Manager of
Technology Office |
Managing Director |
|
|
|||||
|
|||||||||
|
Director of Business Administration,
Manager of Planning Office, Director |
Administration Executive |
|
|
|||||
|
|||||||||
|
Senior Manager of Sales and Service
Office, Director |
Sales Executive |
|
|
|||||
|
|||||||||
Significant Developments
KAWASAKI THERMAL ENGINEERING CO LTD Amends Consolidated Mid-year Outlook
for FY 2013 Oct 31, 2012
KAWASAKI THERMAL ENGINEERING CO LTD Amends Consolidated Mid-year Outlook for FY 2013 Kawasaki Thermal Engineering Co., Ltd. Announces Year-end Dividend Payment for FY Ended March 2012
May 29, 2012
Kawasaki Thermal Engineering Co., Ltd. announced that it will issue dividend of JPY 3.00 per share, or JPY 50 million in total, effective June 29, 2012, in line with a forecast of JPY 3.00 per share announced on May 15, 2012, from retained earnings to shareholders as of March 31, 2012.
Kawasaki Thermal Engineering Co., Ltd. Lowers Full-year Consolidated Outlook for FY Ended March 31, 2012 Apr 26, 2012
Kawasaki Thermal Engineering Co., Ltd. announced that it has lowered its full-year consolidated outlook for revenue from JPY 16,000 million to JPY 15,948 million, operating profit from JPY 402 million to JPY 316 million, ordinary profit from JPY 320 million to JPY 250 million, net profit from JPY 70 million to JPY 14 million and earning per share from JPY 4.16 to JPY 0.87 for the fiscal year ended March 31, 2012. The Company lowered its full-year outlook mainly due to the increasing costs along with the delivery delay of properties scheduled to sell.
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
202.0 |
178.0 |
175.6 |
172.4 |
150.1 |
|
Revenue |
202.0 |
178.0 |
175.6 |
172.4 |
150.1 |
|
Total Revenue |
202.0 |
178.0 |
175.6 |
172.4 |
150.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
151.5 |
131.6 |
128.0 |
130.1 |
112.2 |
|
Cost of Revenue, Total |
151.5 |
131.6 |
128.0 |
130.1 |
112.2 |
|
Gross Profit |
50.4 |
46.4 |
47.6 |
42.3 |
37.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
22.4 |
19.9 |
21.9 |
21.4 |
18.5 |
|
Labor & Related Expense |
18.2 |
16.7 |
15.1 |
14.4 |
12.9 |
|
Total Selling/General/Administrative Expenses |
40.6 |
36.5 |
36.9 |
35.8 |
31.4 |
|
Research & Development |
4.6 |
3.2 |
3.2 |
3.8 |
2.0 |
|
Depreciation |
1.3 |
1.0 |
0.9 |
1.0 |
0.8 |
|
Depreciation/Amortization |
1.3 |
1.0 |
0.9 |
1.0 |
0.8 |
|
Litigation |
- |
0.0 |
-0.1 |
0.0 |
- |
|
Impairment-Assets Held for Use |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Impairment-Assets Held for Sale |
0.0 |
0.7 |
2.1 |
3.0 |
0.0 |
|
Other Unusual Expense (Income) |
-0.2 |
4.0 |
0.0 |
-0.3 |
0.0 |
|
Unusual Expense (Income) |
-0.1 |
4.7 |
2.1 |
2.9 |
0.1 |
|
Total Operating Expense |
197.8 |
177.0 |
171.1 |
173.4 |
146.5 |
|
|
|
|
|
|
|
|
Operating Income |
4.1 |
1.0 |
4.5 |
-1.1 |
3.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Interest Expense, Net Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Interest Income -
Non-Operating |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Investment Income -
Non-Operating |
0.2 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Interest/Investment Income - Non-Operating |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
0.3 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Gain (Loss) on Sale of Assets |
- |
- |
- |
0.0 |
-0.1 |
|
Other Non-Operating Income (Expense) |
-1.0 |
0.1 |
0.0 |
-0.1 |
0.0 |
|
Other, Net |
-1.0 |
0.1 |
0.0 |
-0.1 |
0.0 |
|
Income Before Tax |
3.4 |
1.1 |
4.5 |
-1.2 |
3.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
3.2 |
2.7 |
3.0 |
0.1 |
1.8 |
|
Income After Tax |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
Net Income |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
Basic EPS Excl Extraord Items |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
Basic/Primary EPS Incl Extraord Items |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
Diluted Weighted Average Shares |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
Diluted EPS Excl Extraord Items |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
Diluted EPS Incl Extraord Items |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
Dividends per Share - Common Stock Primary Issue |
0.04 |
0.04 |
0.03 |
0.03 |
0.05 |
|
Gross Dividends - Common Stock |
0.6 |
0.6 |
0.5 |
0.5 |
0.9 |
|
Interest Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Depreciation, Supplemental |
3.2 |
4.0 |
3.6 |
3.4 |
3.1 |
|
Total Special Items |
-0.1 |
4.7 |
2.1 |
2.9 |
0.2 |
|
Normalized Income Before Tax |
3.3 |
5.8 |
6.6 |
1.7 |
3.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
1.6 |
0.7 |
1.0 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
3.2 |
4.3 |
3.7 |
1.1 |
1.9 |
|
Normalized Income After Tax |
0.1 |
1.5 |
2.9 |
0.6 |
1.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.1 |
1.5 |
2.9 |
0.6 |
1.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.09 |
0.17 |
0.04 |
0.09 |
|
Diluted Normalized EPS |
0.01 |
0.09 |
0.17 |
0.04 |
0.09 |
|
Amort of Intangibles, Supplemental |
1.2 |
- |
- |
- |
- |
|
Rental Expenses |
1.1 |
1.1 |
1.2 |
1.2 |
1.0 |
|
Research & Development Exp, Supplemental |
4.6 |
3.2 |
3.2 |
3.8 |
2.0 |
|
Reported Operating Profit |
4.0 |
5.7 |
6.6 |
1.8 |
3.6 |
|
Reported Ordinary Profit |
3.2 |
5.7 |
6.6 |
1.6 |
3.3 |
|
Normalized EBIT |
4.0 |
5.7 |
6.6 |
1.8 |
3.6 |
|
Normalized EBITDA |
8.5 |
9.6 |
10.1 |
5.1 |
6.6 |
|
Current Tax - Total |
1.7 |
- |
- |
- |
- |
|
Current Tax - Total |
1.7 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.5 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.5 |
- |
- |
- |
- |
|
Income Tax - Total |
3.2 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
0.8 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Service Cost - Domestic |
2.1 |
2.0 |
1.8 |
1.6 |
1.3 |
|
Prior Service Cost - Domestic |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
|
Expected Return on Assets - Domestic |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.8 |
0.7 |
0.7 |
0.3 |
0.2 |
|
Other Pension, Net - Domestic |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
3.1 |
3.0 |
2.9 |
2.3 |
2.0 |
|
Total Pension Expense |
3.1 |
3.0 |
2.9 |
2.3 |
2.0 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.50% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
0.00% |
|
Total Plan Interest Cost |
0.8 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Total Plan Service Cost |
2.1 |
2.0 |
1.8 |
1.6 |
1.3 |
|
Total Plan Expected Return |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Total Plan Other Expense |
- |
- |
- |
- |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
0.1 |
0.2 |
0.1 |
0.1 |
0.3 |
|
Cash and Short Term Investments |
0.1 |
0.2 |
0.1 |
0.1 |
0.3 |
|
Accounts Receivable -
Trade, Gross |
58.0 |
48.3 |
51.9 |
41.1 |
49.4 |
|
Provision for Doubtful
Accounts |
-3.9 |
-4.2 |
-0.2 |
-0.3 |
-0.6 |
|
Trade Accounts Receivable - Net |
54.1 |
44.0 |
51.7 |
40.8 |
48.8 |
|
Notes Receivable - Short Term |
29.3 |
29.7 |
25.1 |
26.3 |
17.2 |
|
Other Receivables |
1.5 |
1.0 |
0.7 |
0.5 |
1.1 |
|
Total Receivables, Net |
85.0 |
74.7 |
77.6 |
67.7 |
67.1 |
|
Inventories - Finished Goods |
0.1 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Inventories - Work In Progress |
10.9 |
6.6 |
7.5 |
6.3 |
11.5 |
|
Inventories - Raw Materials |
5.8 |
6.0 |
5.8 |
6.7 |
6.7 |
|
Inventories - Other |
- |
- |
- |
- |
0.2 |
|
Total Inventory |
16.9 |
12.7 |
13.4 |
13.1 |
18.6 |
|
Prepaid Expenses |
0.2 |
0.4 |
0.1 |
0.1 |
0.1 |
|
Deferred Income Tax - Current Asset |
3.8 |
3.4 |
3.7 |
2.9 |
2.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Current Assets, Total |
3.9 |
3.4 |
3.7 |
2.9 |
2.2 |
|
Total Current Assets |
106.0 |
91.5 |
94.9 |
84.0 |
88.2 |
|
|
|
|
|
|
|
|
Buildings |
41.9 |
- |
- |
- |
- |
|
Land/Improvements |
2.8 |
2.8 |
2.5 |
2.3 |
2.3 |
|
Machinery/Equipment |
54.6 |
- |
- |
- |
- |
|
Construction in
Progress |
0.1 |
0.2 |
0.0 |
0.5 |
0.2 |
|
Property/Plant/Equipment - Gross |
99.4 |
3.0 |
2.5 |
2.8 |
2.5 |
|
Accumulated Depreciation |
-80.1 |
- |
- |
- |
- |
|
Property/Plant/Equipment - Net |
19.3 |
19.9 |
18.4 |
17.8 |
18.6 |
|
Intangibles - Gross |
10.1 |
- |
- |
- |
- |
|
Accumulated Intangible Amortization |
-6.6 |
- |
- |
- |
- |
|
Intangibles, Net |
3.7 |
4.3 |
2.8 |
2.2 |
2.1 |
|
LT Investment - Affiliate Companies |
6.1 |
0.0 |
0.5 |
2.4 |
5.4 |
|
LT Investments - Other |
0.7 |
0.7 |
0.6 |
0.5 |
0.6 |
|
Long Term Investments |
6.8 |
0.7 |
1.1 |
2.9 |
6.0 |
|
Note Receivable - Long Term |
0.1 |
0.2 |
0.2 |
0.1 |
0.3 |
|
Deferred Income Tax - Long Term Asset |
11.1 |
12.9 |
12.3 |
12.7 |
12.9 |
|
Other Long Term Assets |
2.0 |
2.0 |
1.8 |
2.3 |
2.4 |
|
Other Long Term Assets, Total |
13.1 |
14.9 |
14.1 |
15.0 |
15.3 |
|
Total Assets |
149.0 |
131.5 |
131.5 |
122.1 |
130.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
43.4 |
30.5 |
32.7 |
31.1 |
35.0 |
|
Accrued Expenses |
9.3 |
8.2 |
8.0 |
6.5 |
7.1 |
|
Notes Payable/Short Term Debt |
9.6 |
6.3 |
6.9 |
6.7 |
9.9 |
|
Customer Advances |
0.6 |
1.0 |
0.4 |
0.4 |
0.5 |
|
Security Deposits |
0.5 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Income Taxes Payable |
1.2 |
0.3 |
2.5 |
0.3 |
1.0 |
|
Other Payables |
1.1 |
1.4 |
1.7 |
1.2 |
0.8 |
|
Other Current Liabilities |
4.6 |
3.4 |
4.6 |
3.5 |
1.2 |
|
Other Current liabilities, Total |
7.9 |
6.4 |
9.4 |
5.7 |
3.7 |
|
Total Current Liabilities |
70.3 |
51.5 |
57.0 |
50.0 |
55.7 |
|
|
|
|
|
|
|
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
9.6 |
6.3 |
6.9 |
6.7 |
9.9 |
|
|
|
|
|
|
|
|
Reserves |
1.7 |
0.9 |
1.2 |
1.4 |
1.6 |
|
Pension Benefits - Underfunded |
29.1 |
30.9 |
28.6 |
29.4 |
29.9 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Liabilities, Total |
30.8 |
31.9 |
29.8 |
30.8 |
31.5 |
|
Total Liabilities |
101.1 |
83.4 |
86.9 |
80.8 |
87.2 |
|
|
|
|
|
|
|
|
Common Stock |
17.7 |
17.6 |
15.6 |
14.8 |
14.7 |
|
Common Stock |
17.7 |
17.6 |
15.6 |
14.8 |
14.7 |
|
Additional Paid-In Capital |
14.9 |
14.8 |
13.1 |
12.4 |
12.3 |
|
Retained Earnings (Accumulated Deficit) |
15.4 |
15.7 |
15.9 |
14.1 |
16.2 |
|
Treasury Stock - Common |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
|
Unrealized Gain (Loss) |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
0.0 |
- |
- |
- |
- |
|
Total Equity |
48.0 |
48.1 |
44.7 |
41.3 |
43.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
149.0 |
131.5 |
131.5 |
122.1 |
130.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
Total Common Shares Outstanding |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
503 |
506 |
506 |
512 |
517 |
|
Number of Common Shareholders |
429 |
445 |
486 |
505 |
543 |
|
Accumulated Intangible Amort, Suppl. |
6.6 |
- |
- |
- |
- |
|
Deferred Revenue - Current |
0.6 |
1.0 |
0.4 |
0.4 |
0.5 |
|
Pension Obligation - Domestic |
34.5 |
36.0 |
32.8 |
33.6 |
30.6 |
|
Plan Assets - Domestic |
3.6 |
3.1 |
2.3 |
1.6 |
1.4 |
|
Funded Status - Domestic |
-31.0 |
-32.9 |
-30.5 |
-31.9 |
-29.2 |
|
Total Funded Status |
-31.0 |
-32.9 |
-30.5 |
-31.9 |
-29.2 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.50% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
0.00% |
|
Prepaid Benefits - Domestic |
0.6 |
0.5 |
0.4 |
0.3 |
0.4 |
|
Accrued Liabilities - Domestic |
-29.1 |
-30.9 |
-28.6 |
-29.4 |
-29.9 |
|
Other Assets, Net - Domestic |
2.5 |
2.5 |
2.3 |
2.9 |
-0.3 |
|
Net Assets Recognized on Balance Sheet |
-26.0 |
-27.9 |
-25.9 |
-26.2 |
-29.9 |
|
Total Plan Obligations |
34.5 |
36.0 |
32.8 |
33.6 |
30.6 |
|
Total Plan Assets |
3.6 |
3.1 |
2.3 |
1.6 |
1.4 |
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
3.4 |
1.1 |
4.5 |
-1.2 |
3.3 |
|
Depreciation |
4.5 |
4.0 |
3.6 |
3.4 |
3.1 |
|
Depreciation/Depletion |
4.5 |
4.0 |
3.6 |
3.4 |
3.1 |
|
Unusual Items |
0.6 |
0.7 |
2.1 |
3.2 |
0.1 |
|
Other Non-Cash Items |
-1.4 |
0.4 |
-1.9 |
0.8 |
-0.2 |
|
Non-Cash Items |
-0.8 |
1.1 |
0.2 |
4.0 |
-0.1 |
|
Accounts Receivable |
-15.7 |
14.8 |
-5.1 |
6.3 |
9.6 |
|
Inventories |
-4.3 |
2.3 |
0.5 |
5.5 |
-1.2 |
|
Other Assets |
-1.0 |
0.0 |
-0.2 |
0.7 |
-0.2 |
|
Accounts Payable |
16.8 |
-7.4 |
-0.2 |
-4.6 |
-4.7 |
|
Accrued Expenses |
0.1 |
-0.3 |
0.4 |
-0.3 |
-0.6 |
|
Taxes Payable |
0.5 |
-0.3 |
0.0 |
0.5 |
-0.4 |
|
Other Liabilities |
1.4 |
-0.2 |
0.8 |
-0.8 |
-0.5 |
|
Other Operating Cash Flow |
-0.8 |
-3.8 |
-0.4 |
-1.2 |
-1.7 |
|
Changes in Working Capital |
-2.9 |
5.1 |
-4.3 |
5.9 |
0.3 |
|
Cash from Operating Activities |
4.1 |
11.2 |
4.1 |
12.1 |
6.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-3.0 |
-2.9 |
-2.3 |
-1.3 |
-1.7 |
|
Purchase/Acquisition of Intangibles |
-0.4 |
-2.0 |
-1.2 |
-0.9 |
-0.5 |
|
Capital Expenditures |
-3.5 |
-4.9 |
-3.4 |
-2.2 |
-2.2 |
|
Sale of Fixed Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
Purchase of Investments |
-6.3 |
- |
- |
- |
- |
|
Other Investing Cash Flow |
-4.0 |
-1.2 |
0.5 |
0.2 |
-0.1 |
|
Other Investing Cash Flow Items, Total |
-10.3 |
-1.2 |
0.5 |
0.2 |
-0.1 |
|
Cash from Investing Activities |
-13.8 |
-6.1 |
-2.9 |
-1.9 |
-2.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Financing Cash Flow Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-0.6 |
-0.6 |
-0.5 |
-1.0 |
-0.9 |
|
Total Cash Dividends Paid |
-0.6 |
-0.6 |
-0.5 |
-1.0 |
-0.9 |
|
Short Term Debt, Net |
- |
- |
0.0 |
-2.7 |
-3.3 |
|
Issuance (Retirement) of Debt, Net |
- |
- |
0.0 |
-2.7 |
-3.3 |
|
Cash from Financing Activities |
-0.7 |
-0.6 |
-0.6 |
-3.7 |
-4.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-10.3 |
4.6 |
0.6 |
6.5 |
-0.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
14.4 |
8.7 |
7.4 |
0.3 |
0.4 |
|
Net Cash - Ending Balance |
4.1 |
13.3 |
8.0 |
6.9 |
0.3 |
|
Cash Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Cash Taxes Paid |
0.7 |
3.8 |
0.4 |
1.2 |
1.6 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
202.0 |
178.0 |
175.6 |
172.4 |
150.1 |
|
Total Revenue |
202.0 |
178.0 |
175.6 |
172.4 |
150.1 |
|
|
|
|
|
|
|
|
Cost of finished goods sold |
151.5 |
131.6 |
128.0 |
130.1 |
112.2 |
|
Payrolls |
13.2 |
12.0 |
10.8 |
10.3 |
9.3 |
|
Welfare Expense |
3.1 |
2.9 |
2.4 |
2.5 |
2.2 |
|
Provision for Bonuses |
1.0 |
0.9 |
0.9 |
0.8 |
0.8 |
|
Periodic Retirement Expense |
1.0 |
0.9 |
0.9 |
0.7 |
0.6 |
|
Other Selling/General/Admin. Expense |
0.0 |
- |
- |
- |
- |
|
Operating Estimate Costs |
9.1 |
7.9 |
9.4 |
9.8 |
8.4 |
|
After-sales service expenses |
5.1 |
3.8 |
5.0 |
4.5 |
3.5 |
|
Depreciation |
1.3 |
1.0 |
0.9 |
1.0 |
0.8 |
|
Rental Expense |
1.1 |
1.1 |
1.2 |
1.2 |
1.0 |
|
Travel & Communication Expense |
1.4 |
1.3 |
1.0 |
1.0 |
1.0 |
|
R&D Costs |
4.6 |
3.2 |
3.2 |
3.8 |
2.0 |
|
Provision for doubtful accounts(SGA) |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Other SG&A |
5.6 |
5.8 |
5.2 |
5.0 |
4.5 |
|
Reversal of allowance for doubtful accou |
-0.2 |
- |
- |
- |
- |
|
SP Rev. Doubtful Acct. |
- |
- |
0.0 |
-0.3 |
0.0 |
|
SP Repairment Exp. on Oil Tank |
- |
- |
- |
- |
0.0 |
|
SP L on val. of inv't in related company |
0.0 |
0.5 |
2.1 |
3.0 |
0.0 |
|
Provision of allowance for doubtful acco |
0.0 |
3.8 |
0.0 |
- |
- |
|
Loss on disaster |
0.0 |
0.2 |
0.0 |
- |
- |
|
Loss on valuation of golf club membershi |
0.0 |
0.2 |
0.0 |
- |
- |
|
NOP Settlement income |
- |
0.0 |
-0.1 |
0.0 |
- |
|
NOP Reval./Work in Prog. |
- |
- |
- |
0.0 |
0.0 |
|
NOP Loss Retire Fixed Assets |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Operating Expense |
197.8 |
177.0 |
171.1 |
173.4 |
146.5 |
|
|
|
|
|
|
|
|
Foreign exchange gains |
0.2 |
- |
- |
- |
- |
|
NOP Interest Income |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
NOP Dividend Income |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
NOP Exchange Gain |
- |
- |
- |
- |
0.0 |
|
Environmental Expenses |
-1.1 |
- |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP Insurance Payment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Rental Income |
- |
- |
- |
- |
0.0 |
|
NOP Inventory Adjustment |
- |
- |
0.0 |
0.2 |
0.1 |
|
NOP Sales Discount |
- |
- |
- |
- |
0.0 |
|
Reversal of allowance for doubtful accou |
0.1 |
0.1 |
0.0 |
- |
- |
|
Gain on allotment of investment securiti |
0.0 |
0.0 |
0.0 |
- |
- |
|
NOP Other Income |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
NOP Interest Expense |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
NOP Exchange Loss |
0.0 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
NOP Disp. Work in Prog. |
- |
- |
- |
0.0 |
-0.1 |
|
NOP Disposal-Materials |
- |
- |
- |
0.0 |
-0.1 |
|
NOP Raw Material Inventory Reclaim |
- |
- |
0.0 |
-0.2 |
-0.1 |
|
NOP Other Expense |
-0.1 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Net Income Before Taxes |
3.4 |
1.1 |
4.5 |
-1.2 |
3.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3.2 |
2.7 |
3.0 |
0.1 |
1.8 |
|
Net Income After Taxes |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
Net Income |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Adjsutment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
Basic EPS Including ExtraOrdinary Item |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
0.2 |
-1.6 |
1.6 |
-1.2 |
1.5 |
|
Diluted Weighted Average Shares |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
Diluted EPS Excluding ExtraOrd Items |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
Diluted EPS Including ExtraOrd Items |
0.01 |
-0.09 |
0.09 |
-0.07 |
0.09 |
|
DPS-Common Stock |
0.04 |
0.04 |
0.03 |
0.03 |
0.05 |
|
Gross Dividends - Common Stock |
0.6 |
0.6 |
0.5 |
0.5 |
0.9 |
|
Normalized Income Before Taxes |
3.3 |
5.8 |
6.6 |
1.7 |
3.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
3.2 |
4.3 |
3.7 |
1.1 |
1.9 |
|
Normalized Income After Taxes |
0.1 |
1.5 |
2.9 |
0.6 |
1.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.1 |
1.5 |
2.9 |
0.6 |
1.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.09 |
0.17 |
0.04 |
0.09 |
|
Diluted Normalized EPS |
0.01 |
0.09 |
0.17 |
0.04 |
0.09 |
|
Amort of Intang Assets Current Portion |
1.2 |
- |
- |
- |
- |
|
Research & Development Exp |
4.6 |
3.2 |
3.2 |
3.8 |
2.0 |
|
Interest Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Rental Expense |
1.1 |
1.1 |
1.2 |
1.2 |
1.0 |
|
Dep. of Tangible Assets-Current Portion |
3.2 |
- |
- |
- |
- |
|
Depreciation |
- |
4.0 |
3.6 |
3.4 |
3.1 |
|
Income taxes-current |
1.7 |
- |
- |
- |
- |
|
Current Tax - Total |
1.7 |
- |
- |
- |
- |
|
Income taxes-deferred |
1.5 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.5 |
- |
- |
- |
- |
|
Income Tax - Total |
3.2 |
- |
- |
- |
- |
|
Reported Operating Profit |
4.0 |
5.7 |
6.6 |
1.8 |
3.6 |
|
Reported Ordinary Profit |
3.2 |
5.7 |
6.6 |
1.6 |
3.3 |
|
Service Cost |
2.1 |
2.0 |
1.8 |
1.6 |
1.3 |
|
Interest Cost |
0.8 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Prior Service Cost |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
|
Expected return on assets |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Actuarial G/L |
0.8 |
0.7 |
0.7 |
0.3 |
0.2 |
|
Reserve for transfer employee |
- |
- |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
3.1 |
3.0 |
2.9 |
2.3 |
2.0 |
|
Total Pension Expense |
3.1 |
3.0 |
2.9 |
2.3 |
2.0 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
- |
- |
- |
- |
|
Discount Rate |
- |
2.00% |
2.00% |
2.00% |
2.50% |
|
Expected return on assets(MIN)-Retiremen |
3.00% |
- |
- |
- |
- |
|
Expected Rate of Return |
- |
3.00% |
3.00% |
3.00% |
0.00% |
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
0.1 |
0.2 |
0.1 |
0.1 |
0.3 |
|
Notes receivable-trade |
20.1 |
14.9 |
17.2 |
19.5 |
17.2 |
|
Accounts receivable-trade |
58.0 |
48.3 |
51.9 |
41.1 |
49.4 |
|
Products |
0.1 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Raw Materials |
- |
- |
- |
- |
6.7 |
|
Work in Prog. |
10.9 |
6.6 |
7.5 |
6.3 |
11.5 |
|
Stored Inventory |
- |
- |
- |
- |
0.2 |
|
Inventories - raw materials & supplies |
5.8 |
6.0 |
5.8 |
6.7 |
- |
|
Advance payments-trade |
0.0 |
0.3 |
0.0 |
0.0 |
- |
|
Prepayment |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Dfrd. Tax Asset |
3.8 |
3.4 |
3.7 |
2.9 |
2.1 |
|
Short-term loans receivable |
9.2 |
14.9 |
7.9 |
6.8 |
0.0 |
|
Accounts receivable-other |
1.5 |
1.0 |
0.7 |
0.5 |
1.1 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Cur. Asset |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Doubtful Acct. |
-3.9 |
-4.2 |
-0.2 |
-0.3 |
-0.6 |
|
Total Current Assets |
106.0 |
91.5 |
94.9 |
84.0 |
88.2 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment, Total - Net |
0.0 |
- |
- |
- |
- |
|
Buildings, net |
- |
7.3 |
6.8 |
6.6 |
7.0 |
|
Structures, net |
- |
2.4 |
2.0 |
2.1 |
2.2 |
|
Machinery and equipment, net |
- |
5.4 |
5.1 |
4.7 |
5.0 |
|
Vehicles, net |
- |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tools, furniture and fixtures, net |
- |
1.7 |
1.9 |
1.5 |
1.8 |
|
Land |
2.8 |
2.8 |
2.5 |
2.3 |
2.3 |
|
Constr. in Prog. |
0.1 |
0.2 |
0.0 |
0.5 |
0.2 |
|
Other Total Intangible Assets, Net |
0.0 |
- |
- |
- |
- |
|
Other Computer Software, Net |
0.0 |
- |
- |
- |
- |
|
Patent |
- |
- |
0.0 |
0.0 |
0.0 |
|
Software |
- |
4.2 |
1.9 |
2.0 |
1.9 |
|
Software-Work in Progress |
0.1 |
0.0 |
0.8 |
0.0 |
- |
|
Facility Right |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Telephone Right |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Investment Secs. |
0.7 |
0.7 |
0.6 |
0.5 |
0.6 |
|
Claims provable in bankruptcy, claims pr |
0.1 |
0.2 |
0.2 |
0.1 |
0.3 |
|
Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Secs. Deposits |
1.3 |
1.3 |
1.2 |
1.7 |
1.9 |
|
Affiliate Contribution Investment |
6.1 |
0.0 |
0.5 |
2.4 |
5.4 |
|
Deferred tax assets |
11.1 |
12.9 |
12.3 |
12.7 |
12.9 |
|
Other |
0.9 |
0.9 |
0.9 |
0.8 |
0.9 |
|
Doubtful Acct. |
-0.2 |
-0.3 |
-0.2 |
-0.2 |
-0.4 |
|
Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accated Amort of Intangible Assets soft |
-6.6 |
- |
- |
- |
- |
|
Accumulated Aort of Inible Assets facili |
0.0 |
- |
- |
- |
- |
|
Software - Gross |
10.1 |
- |
- |
- |
- |
|
Rigit of Using Facilities - Gross |
0.0 |
- |
- |
- |
- |
|
Accumluated Dep and Impr Loss of Bldgs |
-23.5 |
- |
- |
- |
- |
|
Accum Dep & Impair Loss of Structures |
-8.9 |
- |
- |
- |
- |
|
Accum Dep & Impair Loss of Mchy &
Equipt |
-33.8 |
- |
- |
- |
- |
|
Accum Dep & Impairment Loss of Vessels |
-1.1 |
- |
- |
- |
- |
|
Acc.
Depre&Impair-Tool,Furniture&Fixture |
-12.8 |
- |
- |
- |
- |
|
Machinery and Equipment - Gross |
38.8 |
- |
- |
- |
- |
|
Vehicle and Ships - Gross |
1.2 |
- |
- |
- |
- |
|
Tools, Furniture and Fixtures - Gross |
14.6 |
- |
- |
- |
- |
|
Buildings - Gross |
30.8 |
- |
- |
- |
- |
|
Structures - Gross |
11.1 |
- |
- |
- |
- |
|
Total Assets |
149.0 |
131.5 |
131.5 |
122.1 |
130.5 |
|
|
|
|
|
|
|
|
Notes payable-trade |
9.4 |
6.2 |
6.8 |
6.4 |
6.9 |
|
Accounts payable-trade |
43.4 |
30.5 |
32.7 |
31.1 |
35.0 |
|
ST Borrowings |
- |
- |
- |
0.0 |
2.7 |
|
Accounts payable-other |
1.1 |
1.4 |
1.7 |
1.2 |
0.8 |
|
Tax Payable |
1.2 |
0.3 |
2.5 |
0.3 |
1.0 |
|
Sales Tax Pybl. |
1.5 |
0.9 |
1.1 |
1.1 |
0.6 |
|
Accrd. Expense |
4.2 |
3.8 |
3.5 |
2.6 |
3.3 |
|
Advance |
0.6 |
1.0 |
0.4 |
0.4 |
0.5 |
|
Deposits received |
0.5 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Allow. Bonuses |
3.6 |
3.5 |
3.4 |
2.9 |
3.2 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Reserve for order losses |
3.4 |
2.4 |
3.0 |
1.9 |
0.0 |
|
Order Loss Allowance |
- |
- |
- |
- |
0.0 |
|
Product Guarant. |
1.2 |
1.1 |
1.6 |
1.7 |
1.1 |
|
Notes payable-facilities |
0.2 |
0.1 |
0.1 |
0.3 |
0.3 |
|
Other |
0.0 |
- |
- |
0.0 |
0.0 |
|
Total Current Liabilities |
70.3 |
51.5 |
57.0 |
50.0 |
55.7 |
|
|
|
|
|
|
|
|
Accrd. Retire. |
29.1 |
30.9 |
28.6 |
29.4 |
29.9 |
|
Provision For Environmental Measures |
0.4 |
- |
- |
- |
- |
|
Asset Retirement Obligations |
0.6 |
- |
- |
- |
- |
|
Product Guarant. |
0.7 |
0.9 |
1.2 |
1.4 |
1.6 |
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
Other LT Liabilities |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Liabilities |
101.1 |
83.4 |
86.9 |
80.8 |
87.2 |
|
|
|
|
|
|
|
|
Rounding adjustment Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
17.7 |
17.6 |
15.6 |
14.8 |
14.7 |
|
Total capital surpluses |
14.9 |
14.8 |
13.1 |
12.4 |
12.3 |
|
Legal Reserve |
2.0 |
2.0 |
1.8 |
1.7 |
1.7 |
|
Voluntary Rsrv. |
12.1 |
12.1 |
10.7 |
10.1 |
10.0 |
|
Unappro.Retained |
1.2 |
1.6 |
3.4 |
2.3 |
4.5 |
|
Deferred Gains Or Losses On Hedges |
0.0 |
- |
- |
- |
- |
|
Valuation difference on available-for-sa |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Treas. Stock |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
|
Total Equity |
48.0 |
48.1 |
44.7 |
41.3 |
43.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
149.0 |
131.5 |
131.5 |
122.1 |
130.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
Total Common Shares Outstanding |
16.8 |
16.8 |
16.8 |
16.8 |
16.8 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accated Amort of Intangible Assets soft |
6.6 |
- |
- |
- |
- |
|
Accumulated Aort of Inible Assets facili |
0.0 |
- |
- |
- |
- |
|
Advance |
0.6 |
1.0 |
0.4 |
0.4 |
0.5 |
|
Full-Time Employees |
503 |
506 |
506 |
512 |
517 |
|
Total Number of Shareholders |
429 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
445 |
486 |
505 |
543 |
|
Pension Obligation |
34.5 |
36.0 |
32.8 |
33.6 |
30.6 |
|
FV of Plan Asset |
3.6 |
3.1 |
2.3 |
1.6 |
1.4 |
|
Funded Status |
-31.0 |
-32.9 |
-30.5 |
-31.9 |
-29.2 |
|
Total Funded Status |
-31.0 |
-32.9 |
-30.5 |
-31.9 |
-29.2 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.50% |
|
Expected Rate of Return |
3.00% |
3.00% |
3.00% |
3.00% |
0.00% |
|
Unrecognized Prior Service Cost |
-1.1 |
-1.4 |
-1.6 |
-1.8 |
-2.0 |
|
Unrecognized Actuarial Gains and Losses |
3.6 |
3.9 |
3.9 |
4.7 |
1.7 |
|
Prepaid Benefits |
0.6 |
0.5 |
0.4 |
0.3 |
0.4 |
|
Reserve for Accrued Retirement Benefits |
-29.1 |
-30.9 |
-28.6 |
-29.4 |
-29.9 |
|
Net Assets Recognized on Balance Sheet |
-26.0 |
-27.9 |
-25.9 |
-26.2 |
-29.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Income Before Tax |
3.4 |
1.1 |
4.5 |
-1.2 |
3.3 |
|
Depreciation |
4.5 |
4.0 |
3.6 |
3.4 |
3.1 |
|
Increase (decrease) in provision for env |
0.5 |
- |
- |
- |
- |
|
Increase (decrease) in provision for ret |
-2.1 |
-1.3 |
-2.4 |
-0.8 |
-0.1 |
|
Increase (decrease) in provision for bon |
0.1 |
-0.3 |
0.4 |
-0.3 |
-0.6 |
|
Increase (decrease) in provision for pro |
-0.2 |
-1.1 |
-0.4 |
0.3 |
0.0 |
|
Increase (decrease) in allowance for dou |
-0.5 |
3.8 |
0.0 |
-0.5 |
0.1 |
|
Increase (decrease) in provision for los |
1.1 |
-0.9 |
1.0 |
1.8 |
-0.1 |
|
Int. & Div. Income |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Interest Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Income Taxes Refund |
0.4 |
- |
- |
- |
- |
|
Fix. Asset Retire. |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Reval./Inv. Secs. |
- |
- |
- |
- |
0.0 |
|
L on val. of inv't in related company |
0.0 |
0.5 |
2.1 |
3.0 |
0.0 |
|
Reval./Membership |
0.0 |
0.1 |
0.0 |
- |
- |
|
Decrease (increase) in notes and account |
-15.7 |
14.8 |
-5.1 |
6.3 |
9.6 |
|
Decrease (increase) in claims provable i |
0.1 |
0.0 |
-0.1 |
0.2 |
0.0 |
|
Decrease (increase) in inventories |
-4.3 |
2.3 |
0.5 |
5.5 |
-1.2 |
|
Increase (decrease) in notes and account |
16.8 |
-7.4 |
-0.2 |
-4.6 |
-4.7 |
|
Increase (decrease) in accrued consumpti |
0.5 |
-0.3 |
0.0 |
0.5 |
-0.4 |
|
Decrease (increase) in other current ass |
-1.1 |
0.0 |
-0.1 |
0.5 |
-0.2 |
|
increase decrease in asset retirement ob |
0.6 |
- |
- |
- |
- |
|
Increase (decrease) in other current lia |
0.8 |
-0.2 |
0.8 |
-0.8 |
-0.5 |
|
Other, net |
-0.1 |
-0.1 |
-0.1 |
0.1 |
0.0 |
|
Int. & Div. Rcv'd |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Tax Paid |
-0.7 |
-3.8 |
-0.4 |
-1.2 |
-1.6 |
|
Adjustment |
- |
0.0 |
- |
- |
0.0 |
|
Cash from Operating Activities |
4.1 |
11.2 |
4.1 |
12.1 |
6.5 |
|
|
|
|
|
|
|
|
Payments For Investments In Capital Of S |
-6.3 |
- |
- |
- |
- |
|
Purchase of property, plant and equipmen |
-3.0 |
-2.9 |
-2.3 |
-1.3 |
-1.7 |
|
Sale Fix. Asset |
- |
- |
0.0 |
0.0 |
0.0 |
|
Intangible Asset P. |
-0.4 |
-2.0 |
-1.2 |
-0.9 |
-0.5 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Payments of loans receivable |
-4.1 |
-1.2 |
0.0 |
- |
- |
|
Decrease (increase) in guarantee deposit |
0.0 |
0.1 |
0.5 |
0.2 |
-0.1 |
|
Other, net |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash from Investing Activities |
-13.8 |
-6.1 |
-2.9 |
-1.9 |
-2.3 |
|
|
|
|
|
|
|
|
ST Debt, Net |
- |
- |
0.0 |
-2.7 |
-3.3 |
|
Dividend Paid |
-0.6 |
-0.6 |
-0.5 |
-1.0 |
-0.9 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash from Financing Activities |
-0.7 |
-0.6 |
-0.6 |
-3.7 |
-4.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-10.3 |
4.6 |
0.6 |
6.5 |
-0.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
14.4 |
8.7 |
7.4 |
0.3 |
0.4 |
|
Net Cash - Ending Balance |
4.1 |
13.3 |
8.0 |
6.9 |
0.3 |
|
Cash Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Cash Taxes Paid |
0.7 |
3.8 |
0.4 |
1.2 |
1.6 |
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.54.33 |
|
UK Pound |
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.82 |
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.