MIRA
INFORM REPORT
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Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
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Name : |
SHOKO CO., LTD. |
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Registered Office : |
3F, B Wing Shiba Park Bldg., 2-4-1, Shibakoen, Minato-Ku, 105-8432 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
28.05.1947 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in the sale of chemicals, synthetic
resins and metals |
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No. of Employees : |
422 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
Company name & address
SHOKO CO., LTD.
3F, B Wing Shiba Park Bldg.
2-4-1, Shibakoen
Minato-Ku, 105-8432
Japan
Tel: 81-3-34595111
Fax: 81-3-34595390
Web: www.shoko.co.jp
Synthesis
Employees: 422
Company Type: Public Parent
Corporate Family: 6
Companies
Traded: Tokyo Stock Exchange: 8090
Incorporation Date:
28-May-1947
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2012
Reporting Currency: Japanese
Yen
Annual Sales: 1,667.3 1
Net Income: 12.3
Total Assets: 645.1
2
Market Value: 165.3 (29-Mar-2013)
Business Description
SHOKO CO., LTD. is engaged in the sale of chemicals, synthetic resins and metals. The Chemicals segment sells organic and inorganic industrial chemicals, agrichemicals and others, and manufactures and sells fertilizers, analytical instruments, heavy nitrogen compounds, thinners and others. The Synthetic Resin segment sells synthetic resins and products, and manufactures barrier packaging materials, desiccants and others. The Metal segment sells aluminum metals and mineral resources, and manufactures and sells electrodes, grinding and refractory materials. The Living Environment segment sells mineral products, cements and others, leases and manages real estate. The Information Electronic Materials and Others segment sells electronic materials and chemical machinery, manufactures light-emitting diode (LED), and provides insurance agency and integrated human resources services. On February 1, 2013, it acquired a 65% stake in Showa Denko ALUMINIUM TRADING K.K. For the fiscal year ended 31 December 2012, SHOKO CO., LTD. revenues decreased 5% to Y133.05B. Net income applicable to common stockholders decreased 27% to Y981M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects SP Reversal of reserve for doubt. accts decrease from Y123M (income) to Y0K, SP G on sale of fixed assets decrease from Y44M (income) to Y0K.
Industry
Industry Chemicals - Plastics and
Rubber
ANZSIC 2006: 1821 - Synthetic
Resin and Synthetic Rubber Manufacturing
NACE 2002: 2416 - Manufacture
of plastics in primary forms
NAICS 2002: 325211 - Plastics
Material and Resin Manufacturing
UK SIC 2003: 2416 - Manufacture
of plastics in primary forms
UK SIC 2007: 2016 - Manufacture
of plastics in primary forms
US SIC 1987: 2821 - Plastics
Materials, Synthetic Resins, and Nonvulcanizable Elastomers
Key Executives
|
Name |
Title |
|
President, Representative Director |
|
|
Fumiki Fujieda |
Executive Officer, Chief Director of Synthetic Resins |
|
Corporate Officer |
|
|
Yuji Isobe |
Standing Corporate Auditor |
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Independent Director |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Mergers & Acquisitions |
1 |
Shoko Co Ltd Acquires Stake in Subsidiary of Showa Denko KK- Chemical
Daily |
20-Feb-2013 |
|
Negative Earnings Pre-Announcement |
1 |
Shoko Co Ltd Lowers Full-year Consolidated Outlook for FY 2012 |
17-Dec-2012 |
* number of significant developments within the last 12 months
News
|
Financial Summary
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 79.79749
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 85.87
Corporate Overview
Location
3F, B Wing Shiba Park Bldg.
2-4-1, Shibakoen
Minato-Ku, 105-8432
Japan
Tel: 81-3-34595111
Fax: 81-3-34595390
Web: www.shoko.co.jp
Quote Symbol - Exchange
8090 - Tokyo Stock
Exchange
Sales JPY(mil): 133,049.0
Assets JPY(mil): 55,391.0
Employees: 422
Fiscal Year End: 31-Dec-2012
Industry: Chemicals - Plastics and Rubber
Incorporation Date: 28-May-1947
Company Type: Public Parent
Quoted Status: Quoted
President,
Representative Director:
Shinji Sakai
Industry Codes
ANZSIC 2006 Codes:
1821 - Synthetic Resin and Synthetic Rubber Manufacturing
6420 - Auxiliary Insurance Services
1812 - Basic Organic Chemical Manufacturing
6720 - Real Estate Services
2132 - Aluminium Smelting
3323 - Industrial and Agricultural Chemical Product Wholesaling
1831 - Fertiliser Manufacturing
1813 - Basic Inorganic Chemical Manufacturing
2429 - Other Electronic Equipment Manufacturing
NACE 2002 Codes:
2416 - Manufacture of plastics in primary forms
6720 - Activities auxiliary to insurance and pension funding
5155 - Wholesale of chemical products
2414 - Manufacture of other organic basic chemicals
2742 - Aluminium production
2413 - Manufacture of other inorganic basic chemicals
7031 - Real estate agencies
2415 - Manufacture of fertilisers and nitrogen compounds
3210 - Manufacture of electronic valves and tubes and other
electronic components
NAICS 2002 Codes:
325211 - Plastics Material and Resin Manufacturing
424690 - Other Chemical and Allied Products Merchant Wholesalers
325188 - All Other Basic Inorganic Chemical Manufacturing
531210 - Offices of Real Estate Agents and Brokers
334413 - Semiconductor and Related Device Manufacturing
331312 - Primary Aluminum Production
325199 - All Other Basic Organic Chemical Manufacturing
524210 - Insurance Agencies and Brokerages
325311 - Nitrogenous Fertilizer Manufacturing
US SIC 1987:
2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable
Elastomers
2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified
6531 - Real Estate Agents and Managers
3334 - Primary Production of Aluminum
2873 - Nitrogenous Fertilizers
6411 - Insurance Agents, Brokers, and Service
3674 - Semiconductors and Related Devices
2869 - Industrial Organic Chemicals, Not Elsewhere Classified
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
2416 - Manufacture of plastics in primary forms
2413 - Manufacture of other inorganic basic chemicals
7031 - Real estate agencies
2415 - Manufacture of fertilisers and nitrogen compounds
5155 - Wholesale of chemical products
2742 - Aluminium production
6720 - Activities auxiliary to insurance and pension funding
3210 - Manufacture of electronic valves and tubes and other
electronic components
2414 - Manufacture of other organic basic chemicals
UK SIC 2007:
2016 - Manufacture of plastics in primary forms
4675 - Wholesale of chemical products
2013 - Manufacture of other inorganic basic chemicals
6831 - Real estate agencies
2442 - Aluminium production
2611 - Manufacture of electronic components
2014 - Manufacture of other organic basic chemicals
2015 - Manufacture of fertilisers and nitrogen compounds
6629 - Other activities auxiliary to insurance and pension funding
Business
Description
SHOKO CO., LTD. is engaged in the sale of chemicals, synthetic resins and metals. The Chemicals segment sells organic and inorganic industrial chemicals, agrichemicals and others, and manufactures and sells fertilizers, analytical instruments, heavy nitrogen compounds, thinners and others. The Synthetic Resin segment sells synthetic resins and products, and manufactures barrier packaging materials, desiccants and others. The Metal segment sells aluminum metals and mineral resources, and manufactures and sells electrodes, grinding and refractory materials. The Living Environment segment sells mineral products, cements and others, leases and manages real estate. The Information Electronic Materials and Others segment sells electronic materials and chemical machinery, manufactures light-emitting diode (LED), and provides insurance agency and integrated human resources services. On February 1, 2013, it acquired a 65% stake in Showa Denko ALUMINIUM TRADING K.K. For the fiscal year ended 31 December 2012, SHOKO CO., LTD. revenues decreased 5% to Y133.05B. Net income applicable to common stockholders decreased 27% to Y981M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects SP Reversal of reserve for doubt. accts decrease from Y123M (income) to Y0K, SP G on sale of fixed assets decrease from Y44M (income) to Y0K.
More Business Descriptions
Wholesale trade in
chemical products, industrial materials and light metal
SHOKO CO.,
LTD.(SHOKO) is a Japan-based real estate developer and construction materials
provider Company. The company provides chemical, light metal, plastics,
inorganic material, development, electronics, food material and analytical
instruments. It is a subsidiary of Showa Denko K.K. SHOKO provides materials
through various department and group companies. The company operates in various
divisions, namely, Plastic Department, Chemical Department, Light Metal
Department, Inorganic Material Department, Real Estate Development Department,
Food Material Department, Construction Material Department, Development
Department, Electronics Department, Analytics Instrument Department,
International Department, SHOKO Insurance Service CO., LTD., SHOKO Agri CO.,
LTD., Shoko Plastic Products CO., LTD., SI Science Co., Ltd., and Shoko
Scientific Co., Ltd.Under its Plastic Department, It offers synthetic resins
include polyethylene, polypropylene and polystyrene. The Chemical Department
provides different kinds of organic compounds made from hydrocarbons. The
product line includes unsaturated polyester, phenolic resin, acetic acid, ethyl
acetate, sulfuric acid, caustic soda and other industrial chemicals. Light Metal
Department offer various products from virgin ingot made from bauxite to
aluminum alloy, rolled products and processed goods. The product portfolio
includes aluminum ingot, aluminum scrap, aluminum sheets, aluminum extrusions,
aluminum foil products and other non-ferrous metals. In Inorganic Material
department concentrates on the development of inorganic materials, ceramics and
rare metals. The key products are ceramics, rare metal, rare earth and
carbon.The Real Estate Development Department provides sale and lease of
condominiums, detached houses, land purchase and design, asset utilization,
buildings design, and leasing of real estate properties as well as construction
of office buildings, factories, dormitories and company housing. As a
real-estate developer SHOKO also provides agency, remodeling, lease, and
consulting for efficient utilization of land assets. Under its Food Materials
Department, the company offers a wide range of food materials such as
cornflakes, various food additives such as amino acids, and functional food
materials such as collagen. Its Construction Materials Department provides
construction and civil engineering materials and housing equipment that include
cement and secondary products, aluminum construction materials, plastering
materials and waterproofing agents, pipe sections and resin construction
materials. SHOKO also provides different types of pole products, column bases,
steel pipe piles and soil improvement agents.The Development Department offers
high-performance materials that support the convenience of electronics,
affluence and quality of life. The Product Materials include lithium-ion
batteries, electrolytic capacitors, resins for eyeglasses, paint materials,
detergent enzyme materials and other materials. The Electronics Department, the
company offers LED chips and compound semiconductors, which are used in optical
communication field, capacitors, capacitor parts, high-purity cleaning agents
and peripheral devices. The Analytical Instrument Department concentrates on development,
manufacture and commercialization of highly advanced analytical instruments.The
International Department division concentrates on the expansion of overseas
operations and nourishing overseas bases to develop international network. It
operates subsidiaries in China (Shanghai), Singapore and the United States
(California). In addition, SHOKO established branches in Korea and Taiwan. The
company promote internationalization of businesses divisions include plastics,
chemicals, light metal, inorganic materials, electronics materials and living
essentials and environment. Its major group companies include SHOKO Insurance
Service CO., LTD., SHOKO Agri CO.,LTD., SHOKO PLASTIC PRODUCTS CO.,LTD., SHOKO
SCIENTIFIC CO.,LTD, SI Science Co.,Ltd., Dairi-Ryomo Agri CO.,LTD., SHOWA BAIDO
CO.,LTD., KOSAN Building Service CO.,LTD., COSMO KASEI KOGYO CO.,LTD., YURAMU
CO.,LTD., and KYOSAN Light Metal Co.,LTD. The overseas subsidiaries of The
company include Shoko (Shanghai) Co.,LTD, SHOKO SINGAPORE PTE. LTD., Shoko America,
Inc., Shoko Korea Co., Ltd, Shoko (Taiwan) Global Corporation, and Shoko Tsusho
(Thailand) Co.,Ltd.The partner companies include SHO-A Corporation,
Lianyunggang Zhaohua Minerals CO.,LTD., Guangzhou Raysound Chemical Co.,Ltd.,
Sunlit (Thailand) Co.,Ltd.SHOKO announced in the fiscal 2012 that its
subsidiary, Sanrio (Shanghai)Int'l Trade Co., Ltd., has formed a license
contract with KT Licensing Ltd. and KT Licensing (Shanghai)Ltd. According to
the contract, KT Licensing and KT Licensing (Shanghai) will have exclusive
rights to manufacture and sell Sanrio character's products.
SHOKO CO., LTD.
(SOKO) is a real estate developer and construction materials provider, based in
Japan. The company operates through three business segments namely, delivering
raw materials to factories and laboratories; selling poles and other
construction materials, as well as condominiums; and providing precise
measurement and semiconductor-related parts. It offers polypropylene,
polyethylene, film, laminate products, food and industrial packaging materials,
pallets, blow and injection mouldings, packaging machines, baling machines and
nitrogen gas generators. The company provides raw materials such as resins,
organic synthetic materials, solvents, cleaning agents, resin additives,
adhesives, acids and alkalis, ammonia products, phosphates which find
application in houses, automobiles, electrical appliances, pharmaceuticals,
food additives, and other industries. It constructs, leases, remodels, and
consults office buildings, dormitories and factories. The company offers LED
chips, compound semiconductors, capacitors, capacitor parts, and other
electronic materials. It has its operations in Korea, China, Bangkok and
Singapore .SHOKO is headquartered in Tokyo, Japan.The company reported revenues
of (Yen) JPY 139,353.00 million during the fiscal year ended December 2011, an
increase of 1.70% over 2010. The operating profit of the company was JPY
1,850.00 million during the fiscal year 2011, an increase of 35.83% over 2010.
The net profit of the company was JPY 1,351.00 million during the fiscal year
2011, an increase of 56.19% over 2010.
Other Basic
Inorganic Chemical Manufacturing
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Corporate Family |
Corporate
Structure News: |
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SHOKO
CO., LTD. |
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SHOKO CO., LTD. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Minato-Ku |
Japan |
Chemicals - Plastics and Rubber |
1,667.3 |
422 |
|
|
Subsidiary |
Bungoono, Oita |
Japan |
Chemicals - Plastics and Rubber |
7.7 |
30 |
|
|
Subsidiary |
Oita, Oita |
Japan |
Construction - Supplies and Fixtures |
1.2 |
5 |
|
|
Subsidiary |
Shibuya-Ku, Tokyo |
Japan |
Chemical Manufacturing |
103.3 |
|
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Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Chemical Manufacturing |
71.7 |
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Subsidiary |
Minato-Ku, Tokyo |
Japan |
Chemical Manufacturing |
53.1 |
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executive report
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Board of
Directors |
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Independent Director |
Director/Board Member |
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Executive Officer, Chief Director of Information Electric Material,
Manager of Operation Planning Promotion Office, Manager of Business
Development Promotion Office, Director |
Director/Board Member |
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President, Representative Director |
Director/Board Member |
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Executive Officer, Chief Director of Chemical Product, Director |
Director/Board Member |
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Executive Officer, Director of Planning, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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President, Representative Director |
President |
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Corporate Officer |
Administration Executive |
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Standing Corporate Auditor |
Accounting Executive |
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Auditor |
Accounting Executive |
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Auditor |
Accounting Executive |
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Executive Officer, Chief Director of Synthetic Resins |
Other |
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Executive Officer, Director of General Affairs |
Other |
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Executive Officer, Chief Director of Life Environment |
Other |
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Executive Officer, Chief Director of Metal Ceramics |
Other |
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Significant Developments
Shoko Co Ltd
Acquires Stake in Subsidiary of Showa Denko KK- Chemical Daily Feb 20,
2013
Chemical Daily reported that Shoko Co Ltd has acquired a 65% stake in SHOWA?DENKO?ALUMINIUM?TRADING?K.K, which is engaged in manufacture and sale of aluminium products in Osaka, Japan, from Showa Denko KK on February 1, 2013. The transaction price is not disclosed. As a result, Shoko holds a 65% stake in DENKO?ALUMINIUM?TRADING and Showa Denko holds a 35% stake.
Shoko Co Ltd Lowers
Full-year Consolidated Outlook for FY 2012 Dec 17, 2012
Shoko Co Ltd announced that it has lowered its full-year consolidated outlook for revenue from JPY 145,700 million to JPY 133,000 million, operating profit from JPY 2,000 million to JPY 1,740 million, ordinary profit from JPY 1,930 million to JPY 1,730 million, net profit from JPY 1,030 million to JPY 1,010 million, and earnings per share from JPY 9.25 to JPY 9.07, for the fiscal year ending December 31, 2012. The Company lowered its full-year consolidated outlook mainly due to the sluggish metal business and inventory adjustment.
Annual income statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-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) |
79.797487 |
79.698224 |
87.789317 |
93.619712 |
103.395546 |
|
Auditor |
|
KPMG LLP |
KPMG LLP |
KPMG LLP |
The Fuji
Accounting Office |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,667.3 |
1,748.5 |
1,560.9 |
1,362.5 |
1,641.8 |
|
Revenue |
1,667.3 |
1,748.5 |
1,560.9 |
1,362.5 |
1,641.8 |
|
Total Revenue |
1,667.3 |
1,748.5 |
1,560.9 |
1,362.5 |
1,641.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,562.7 |
1,641.2 |
1,468.4 |
1,286.7 |
1,553.3 |
|
Cost of Revenue, Total |
1,562.7 |
1,641.2 |
1,468.4 |
1,286.7 |
1,553.3 |
|
Gross Profit |
104.6 |
107.3 |
92.5 |
75.9 |
88.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
83.0 |
50.4 |
45.0 |
42.9 |
43.8 |
|
Labor & Related Expense |
- |
33.8 |
30.4 |
28.6 |
27.5 |
|
Total Selling/General/Administrative Expenses |
83.0 |
84.1 |
75.4 |
71.5 |
71.3 |
|
Research & Development |
- |
0.3 |
0.2 |
0.0 |
- |
|
Amortization of Acquisition Costs |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Depreciation/Amortization |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Impairment-Assets Held for Use |
- |
0.0 |
1.7 |
0.0 |
- |
|
Impairment-Assets Held for Sale |
0.2 |
0.0 |
0.6 |
0.0 |
0.4 |
|
Other Unusual Expense (Income) |
-0.2 |
-0.4 |
-1.1 |
-2.1 |
-0.6 |
|
Unusual Expense (Income) |
0.0 |
-0.3 |
1.3 |
-2.1 |
-0.2 |
|
Total Operating Expense |
1,645.7 |
1,725.3 |
1,545.4 |
1,356.0 |
1,624.3 |
|
|
|
|
|
|
|
|
Operating Income |
21.7 |
23.2 |
15.5 |
6.5 |
17.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.2 |
-1.6 |
-1.7 |
-2.1 |
-2.1 |
|
Interest Expense, Net Non-Operating |
-1.2 |
-1.6 |
-1.7 |
-2.1 |
-2.1 |
|
Interest Income - Non-Operating |
0.5 |
0.5 |
0.5 |
0.4 |
0.6 |
|
Investment Income -
Non-Operating |
0.4 |
0.1 |
0.8 |
2.9 |
-2.4 |
|
Interest/Investment Income - Non-Operating |
0.8 |
0.7 |
1.3 |
3.3 |
-1.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.3 |
-1.0 |
-0.5 |
1.3 |
-4.0 |
|
Gain (Loss) on Sale of Assets |
-0.1 |
0.2 |
0.0 |
-1.8 |
-1.3 |
|
Other Non-Operating Income (Expense) |
0.1 |
-0.2 |
-0.1 |
0.3 |
-0.2 |
|
Other, Net |
0.1 |
-0.2 |
-0.1 |
0.3 |
-0.2 |
|
Income Before Tax |
21.3 |
22.2 |
14.9 |
6.3 |
12.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
8.7 |
5.1 |
4.8 |
4.2 |
6.0 |
|
Income After Tax |
12.6 |
17.1 |
10.1 |
2.1 |
6.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.1 |
-0.3 |
0.1 |
0.0 |
|
Net Income Before Extraord Items |
12.3 |
17.0 |
9.9 |
2.2 |
6.1 |
|
Net Income |
12.3 |
17.0 |
9.9 |
2.2 |
6.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
0.0 |
- |
0.0 |
|
Total Adjustments to Net Income |
- |
0.0 |
0.0 |
- |
0.0 |
|
Income Available to Common Excl Extraord Items |
12.3 |
16.9 |
9.8 |
2.2 |
6.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
12.3 |
16.9 |
9.8 |
2.2 |
6.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
109.8 |
111.4 |
111.4 |
111.4 |
111.4 |
|
Basic EPS Excl Extraord Items |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
Basic/Primary EPS Incl Extraord Items |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
12.3 |
16.9 |
9.8 |
2.2 |
6.1 |
|
Diluted Weighted Average Shares |
109.8 |
111.4 |
111.4 |
111.4 |
111.4 |
|
Diluted EPS Excl Extraord Items |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
Diluted EPS Incl Extraord Items |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
Dividends per Share - Common Stock Primary Issue |
0.06 |
0.06 |
0.05 |
0.03 |
0.04 |
|
Gross Dividends - Common Stock |
6.9 |
7.0 |
5.1 |
3.6 |
4.3 |
|
Interest Expense, Supplemental |
1.2 |
1.6 |
1.7 |
2.1 |
2.1 |
|
Depreciation, Supplemental |
2.8 |
2.8 |
3.1 |
2.5 |
2.3 |
|
Total Special Items |
0.3 |
-0.5 |
1.3 |
-0.4 |
1.0 |
|
Normalized Income Before Tax |
21.6 |
21.7 |
16.2 |
6.0 |
13.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
-0.1 |
0.4 |
-0.1 |
0.5 |
|
Inc Tax Ex Impact of Sp Items |
8.7 |
5.0 |
5.2 |
4.1 |
6.5 |
|
Normalized Income After Tax |
12.8 |
16.7 |
11.0 |
1.8 |
6.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.5 |
16.5 |
10.7 |
1.9 |
6.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.11 |
0.15 |
0.10 |
0.02 |
0.06 |
|
Diluted Normalized EPS |
0.11 |
0.15 |
0.10 |
0.02 |
0.06 |
|
Amort of Acquisition Costs, Supplemental |
0.2 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Research & Development Exp, Supplemental |
- |
0.3 |
0.2 |
0.0 |
- |
|
Reported Operating Profit |
21.6 |
22.9 |
16.8 |
6.3 |
17.4 |
|
Reported Ordinary Profit |
21.6 |
21.5 |
15.4 |
5.5 |
12.1 |
|
Normalized EBIT |
21.7 |
22.9 |
16.8 |
4.5 |
17.4 |
|
Normalized EBITDA |
24.7 |
25.7 |
20.0 |
6.9 |
19.6 |
|
Current Tax - Total |
7.3 |
- |
- |
- |
- |
|
Current Tax - Total |
7.3 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.4 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.4 |
- |
- |
- |
- |
|
Income Tax - Total |
8.7 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
- |
0.2 |
0.3 |
0.4 |
0.4 |
|
Service Cost - Domestic |
- |
0.8 |
0.8 |
0.8 |
0.8 |
|
Prior Service Cost - Domestic |
- |
0.1 |
0.1 |
- |
- |
|
Expected Return on Assets - Domestic |
- |
- |
0.0 |
-0.1 |
- |
|
Actuarial Gains and Losses - Domestic |
- |
0.6 |
0.6 |
0.6 |
0.4 |
|
Transition Costs - Domestic |
- |
- |
1.0 |
- |
-0.1 |
|
Domestic Pension Plan Expense |
- |
1.8 |
2.7 |
1.7 |
1.5 |
|
Total Pension Expense |
- |
1.8 |
2.7 |
1.7 |
1.5 |
|
Discount Rate - Domestic |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
- |
- |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
- |
0.2 |
0.3 |
0.4 |
0.4 |
|
Total Plan Service Cost |
- |
0.8 |
0.8 |
0.8 |
0.8 |
|
Total Plan Expected Return |
- |
- |
0.0 |
-0.1 |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
85.870003 |
76.94 |
81.105 |
93.095 |
90.65 |
|
Auditor |
|
KPMG LLP |
KPMG LLP |
KPMG LLP |
The Fuji
Accounting Office |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
52.1 |
29.2 |
32.2 |
26.7 |
48.2 |
|
Cash and Short Term Investments |
52.1 |
29.2 |
32.2 |
26.7 |
48.2 |
|
Accounts Receivable -
Trade, Gross |
413.2 |
487.1 |
399.9 |
411.1 |
395.0 |
|
Provision for Doubtful
Accounts |
-1.3 |
-1.6 |
-3.2 |
-3.2 |
-4.8 |
|
Trade Accounts Receivable - Net |
411.9 |
485.5 |
396.7 |
408.0 |
390.1 |
|
Total Receivables, Net |
411.9 |
485.5 |
396.7 |
408.0 |
390.1 |
|
Inventories - Finished Goods |
29.9 |
43.4 |
52.3 |
30.2 |
49.8 |
|
Inventories - Work In Progress |
1.6 |
5.0 |
3.8 |
4.7 |
13.5 |
|
Inventories - Raw Materials |
3.6 |
3.6 |
2.9 |
2.2 |
2.9 |
|
Inventories - Other |
0.1 |
0.2 |
0.1 |
0.2 |
17.8 |
|
Total Inventory |
35.1 |
52.1 |
59.1 |
37.3 |
84.0 |
|
Prepaid Expenses |
- |
0.0 |
72.7 |
66.1 |
60.8 |
|
Restricted Cash - Current |
- |
0.0 |
1.2 |
2.2 |
33.1 |
|
Deferred Income Tax - Current Asset |
1.5 |
2.8 |
3.1 |
3.9 |
3.5 |
|
Other Current Assets |
22.9 |
32.6 |
23.8 |
6.2 |
11.5 |
|
Other Current Assets, Total |
24.4 |
35.4 |
28.1 |
12.3 |
48.1 |
|
Total Current Assets |
523.5 |
602.2 |
588.8 |
550.4 |
631.3 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
77.6 |
87.9 |
88.6 |
91.1 |
66.4 |
|
Goodwill, Net |
0.5 |
0.6 |
0.2 |
0.5 |
0.1 |
|
Intangibles, Net |
3.1 |
3.3 |
2.7 |
2.2 |
2.1 |
|
LT Investment - Affiliate Companies |
- |
3.7 |
3.4 |
- |
- |
|
LT Investments - Other |
29.1 |
25.6 |
27.4 |
20.7 |
20.1 |
|
Long Term Investments |
29.1 |
29.3 |
30.8 |
20.7 |
20.1 |
|
Note Receivable - Long Term |
0.1 |
0.3 |
0.8 |
1.5 |
1.2 |
|
Deferred Income Tax - Long Term Asset |
2.0 |
4.1 |
2.3 |
1.5 |
1.4 |
|
Other Long Term Assets |
9.2 |
12.1 |
12.7 |
11.0 |
11.2 |
|
Other Long Term Assets, Total |
11.2 |
16.2 |
15.0 |
12.5 |
12.7 |
|
Total Assets |
645.1 |
739.8 |
727.0 |
679.0 |
733.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
356.8 |
399.4 |
419.0 |
399.0 |
427.2 |
|
Accrued Expenses |
1.8 |
2.1 |
1.8 |
1.6 |
1.8 |
|
Notes Payable/Short Term Debt |
9.8 |
34.8 |
13.9 |
29.8 |
42.7 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
0.0 |
37.7 |
0.3 |
- |
|
Security Deposits |
- |
- |
- |
9.3 |
0.0 |
|
Income Taxes Payable |
4.5 |
2.6 |
4.3 |
2.6 |
2.7 |
|
Other Current Liabilities |
21.8 |
27.1 |
22.3 |
8.6 |
24.1 |
|
Other Current liabilities, Total |
26.3 |
29.7 |
26.6 |
20.6 |
26.8 |
|
Total Current Liabilities |
394.7 |
465.9 |
499.1 |
451.3 |
498.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
23.3 |
26.0 |
0.0 |
32.2 |
33.1 |
|
Capital Lease Obligations |
1.7 |
2.6 |
2.6 |
2.0 |
0.0 |
|
Total Long Term Debt |
25.0 |
28.6 |
2.6 |
34.2 |
33.1 |
|
Total Debt |
34.8 |
63.4 |
54.2 |
64.3 |
75.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
5.4 |
6.0 |
6.8 |
6.3 |
6.5 |
|
Deferred Income Tax |
5.4 |
6.0 |
6.8 |
6.3 |
6.5 |
|
Minority Interest |
0.7 |
0.5 |
0.5 |
0.3 |
0.0 |
|
Pension Benefits - Underfunded |
9.6 |
10.3 |
8.8 |
9.2 |
10.8 |
|
Other Long Term Liabilities |
21.8 |
26.9 |
27.5 |
24.7 |
26.2 |
|
Other Liabilities, Total |
31.4 |
37.3 |
36.3 |
33.9 |
37.0 |
|
Total Liabilities |
457.2 |
538.3 |
545.2 |
526.0 |
575.0 |
|
|
|
|
|
|
|
|
Common Stock |
93.4 |
104.3 |
98.9 |
86.2 |
88.5 |
|
Common Stock |
93.4 |
104.3 |
98.9 |
86.2 |
88.5 |
|
Additional Paid-In Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings (Accumulated Deficit) |
84.0 |
88.2 |
82.8 |
71.1 |
73.7 |
|
Treasury Stock - Common |
-5.4 |
-2.9 |
-2.7 |
-2.3 |
-2.4 |
|
Unrealized Gain (Loss) |
13.5 |
12.1 |
3.4 |
-1.2 |
-0.9 |
|
Translation Adjustment |
2.4 |
-0.2 |
-0.6 |
-0.3 |
-0.1 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Comprehensive Income |
0.0 |
0.0 |
0.0 |
-0.3 |
0.0 |
|
Other Equity, Total |
2.4 |
-0.2 |
-0.7 |
-0.7 |
-0.1 |
|
Total Equity |
187.9 |
201.5 |
181.8 |
153.0 |
158.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
645.1 |
739.8 |
727.0 |
679.0 |
733.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
109.5 |
111.4 |
111.4 |
111.4 |
111.4 |
|
Total Common Shares Outstanding |
109.5 |
111.4 |
111.4 |
111.4 |
111.4 |
|
Treasury Shares - Common Stock Primary Issue |
3.2 |
1.4 |
1.3 |
1.3 |
1.3 |
|
Employees |
- |
422 |
405 |
450 |
455 |
|
Number of Common Shareholders |
- |
9,217 |
9,265 |
9,903 |
10,269 |
|
Total Long Term Debt, Supplemental |
- |
26.0 |
37.0 |
32.2 |
33.1 |
|
Long Term Debt Maturing within 1 Year |
- |
0.0 |
37.0 |
16.1 |
11.0 |
|
Long Term Debt Maturing in Year 2 |
- |
0.0 |
0.0 |
16.1 |
11.0 |
|
Long Term Debt Maturing in Year 3 |
- |
0.0 |
0.0 |
0.0 |
11.0 |
|
Long Term Debt Maturing in Year 4 |
- |
26.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in 2-3 Years |
- |
0.0 |
0.0 |
16.1 |
22.1 |
|
Long Term Debt Maturing in 4-5 Years |
- |
26.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
- |
3.6 |
3.3 |
2.3 |
- |
|
Capital Lease Payments Due in Year 1 |
- |
1.0 |
0.8 |
0.3 |
- |
|
Capital Lease Payments Due in Year 2 |
- |
1.0 |
0.8 |
0.5 |
- |
|
Capital Lease Payments Due in Year 3 |
- |
0.9 |
0.7 |
0.5 |
- |
|
Capital Lease Payments Due in Year 4 |
- |
0.5 |
0.7 |
0.4 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
0.1 |
0.3 |
0.4 |
- |
|
Capital Lease Payments Due in 2-3 Years |
- |
1.9 |
1.5 |
0.9 |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
0.7 |
1.0 |
0.8 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
0.1 |
0.1 |
0.2 |
- |
|
Pension Obligation - Domestic |
- |
14.0 |
13.0 |
17.8 |
19.8 |
|
Plan Assets - Domestic |
- |
0.5 |
0.5 |
4.4 |
5.1 |
|
Funded Status - Domestic |
- |
-13.6 |
-12.6 |
-13.4 |
-14.7 |
|
Total Funded Status |
- |
-13.6 |
-12.6 |
-13.4 |
-14.7 |
|
Discount Rate - Domestic |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
- |
- |
2.00% |
2.00% |
2.00% |
|
Accrued Liabilities - Domestic |
- |
-10.3 |
-8.8 |
-9.2 |
-10.8 |
|
Other Assets, Net - Domestic |
- |
3.2 |
3.7 |
4.2 |
3.9 |
|
Net Assets Recognized on Balance Sheet |
- |
-7.1 |
-5.1 |
-5.0 |
-7.0 |
|
Total Plan Obligations |
- |
14.0 |
13.0 |
17.8 |
19.8 |
|
Total Plan Assets |
- |
0.5 |
0.5 |
4.4 |
5.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-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) |
79.797487 |
79.698224 |
87.789317 |
93.619712 |
103.395546 |
|
Auditor |
|
KPMG LLP |
KPMG LLP |
KPMG LLP |
The Fuji
Accounting Office |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
21.3 |
22.2 |
14.9 |
6.3 |
12.1 |
|
Depreciation |
2.8 |
2.8 |
3.1 |
2.5 |
2.3 |
|
Depreciation/Depletion |
2.8 |
2.8 |
3.1 |
2.5 |
2.3 |
|
Amortization of Acquisition Costs |
0.2 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Amortization |
0.2 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Unusual Items |
0.2 |
-0.3 |
1.4 |
-0.7 |
0.5 |
|
Equity in Net Earnings (Loss) |
-0.2 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Other Non-Cash Items |
-0.4 |
-1.3 |
-1.3 |
-2.0 |
3.4 |
|
Non-Cash Items |
-0.3 |
-1.7 |
0.0 |
-2.8 |
3.9 |
|
Accounts Receivable |
29.5 |
-63.2 |
32.8 |
-15.4 |
75.8 |
|
Inventories |
12.6 |
10.4 |
-17.7 |
34.9 |
-11.4 |
|
Accounts Payable |
-3.4 |
-40.8 |
-8.7 |
-30.0 |
-64.2 |
|
Other Liabilities |
-2.1 |
-1.5 |
-1.5 |
0.0 |
- |
|
Other Operating Cash Flow |
-3.0 |
-7.7 |
-5.4 |
-5.4 |
-4.8 |
|
Changes in Working Capital |
33.7 |
-102.6 |
-0.5 |
-15.9 |
-4.7 |
|
Cash from Operating Activities |
57.6 |
-79.4 |
17.5 |
-9.9 |
13.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1.2 |
-0.7 |
-1.3 |
-2.8 |
-1.5 |
|
Capital Expenditures |
-1.2 |
-0.7 |
-1.3 |
-2.8 |
-1.5 |
|
Acquisition of Business |
-0.1 |
-1.3 |
0.0 |
-3.8 |
0.0 |
|
Sale of Business |
- |
0.0 |
-0.9 |
0.0 |
- |
|
Sale of Fixed Assets |
0.4 |
4.5 |
11.6 |
0.1 |
0.3 |
|
Sale/Maturity of Investment |
30.7 |
16.7 |
3.5 |
5.4 |
1.9 |
|
Investment, Net |
0.0 |
74.0 |
2.8 |
-6.4 |
27.7 |
|
Purchase of Investments |
-26.6 |
-20.2 |
-10.0 |
-3.5 |
-4.1 |
|
Other Investing Cash Flow |
-0.3 |
-0.2 |
0.0 |
0.0 |
-0.1 |
|
Other Investing Cash Flow Items, Total |
4.1 |
73.6 |
7.0 |
-8.1 |
25.7 |
|
Cash from Investing Activities |
2.9 |
72.9 |
5.7 |
-10.9 |
24.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Financing Cash Flow Items |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Cash Dividends Paid - Common |
-7.0 |
-5.6 |
-3.8 |
-2.4 |
-4.3 |
|
Total Cash Dividends Paid |
-7.0 |
-5.6 |
-3.8 |
-2.4 |
-4.3 |
|
Common Stock, Net |
-3.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
-3.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Short Term Debt Issued |
124.1 |
440.4 |
298.4 |
100.4 |
0.0 |
|
Short Term Debt Reduction |
-124.1 |
-440.4 |
-298.4 |
-100.4 |
-14.5 |
|
Short Term Debt, Net |
-23.0 |
19.4 |
-18.7 |
-27.3 |
-11.6 |
|
Long Term Debt Issued |
0.0 |
25.1 |
- |
- |
- |
|
Long Term Debt
Reduction |
-0.4 |
-37.9 |
-0.1 |
0.0 |
0.0 |
|
Long Term Debt, Net |
-0.4 |
-12.8 |
-0.1 |
0.0 |
0.0 |
|
Issuance (Retirement) of Debt, Net |
-23.4 |
6.5 |
-18.9 |
-27.3 |
-11.6 |
|
Cash from Financing Activities |
-33.5 |
0.9 |
-22.7 |
-29.7 |
-15.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.8 |
0.0 |
-0.3 |
0.2 |
-1.1 |
|
Net Change in Cash |
27.8 |
-5.6 |
0.2 |
-50.4 |
20.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
28.1 |
33.7 |
30.4 |
78.9 |
50.2 |
|
Net Cash - Ending Balance |
55.9 |
28.1 |
30.6 |
28.5 |
71.0 |
|
Cash Interest Paid |
1.2 |
1.8 |
1.7 |
2.1 |
2.1 |
|
Cash Taxes Paid |
5.1 |
6.3 |
3.5 |
4.1 |
6.3 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-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) |
79.797487 |
79.698224 |
87.789317 |
93.619712 |
103.395546 |
|
Auditor |
|
KPMG LLP |
KPMG LLP |
KPMG LLP |
The Fuji
Accounting Office |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,667.3 |
1,748.5 |
1,560.9 |
1,362.5 |
1,641.8 |
|
Total Revenue |
1,667.3 |
1,748.5 |
1,560.9 |
1,362.5 |
1,641.8 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,562.7 |
1,641.2 |
1,468.4 |
1,284.7 |
1,553.2 |
|
Selling Expenses |
13.5 |
- |
- |
- |
- |
|
General And Administrative Expenses |
69.5 |
- |
- |
- |
- |
|
Provision for doubtful accounts(SGA) |
- |
0.2 |
0.5 |
0.5 |
1.4 |
|
Payrolls & bonuses |
- |
31.4 |
28.3 |
26.8 |
25.6 |
|
Provision for retirement benefits |
- |
2.3 |
2.1 |
1.8 |
1.9 |
|
Research & Development Exp. |
- |
0.3 |
0.2 |
0.0 |
- |
|
Other general expenses |
- |
50.2 |
44.5 |
42.4 |
42.4 |
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Receipt damages |
-0.8 |
- |
- |
- |
- |
|
Loss of contracts canceled |
0.6 |
- |
- |
- |
- |
|
SP Reversal of reserve for doubt. accts |
0.0 |
-1.5 |
-0.4 |
-2.1 |
-0.9 |
|
SP Recovery of bad debts |
- |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
SP Transfer of pension accounts |
- |
0.0 |
-1.0 |
0.0 |
- |
|
SP Insurance income |
- |
- |
- |
- |
0.0 |
|
SP Other special gains |
0.0 |
-0.1 |
0.0 |
-0.1 |
0.0 |
|
SP L. on prior year's adjustment |
- |
- |
- |
- |
0.0 |
|
SP L on val. of LT inv't. secs. |
0.2 |
0.0 |
0.4 |
0.0 |
0.4 |
|
SP L on val. of subsidiaries' investment |
- |
- |
- |
- |
0.0 |
|
SP L on val. of affi.inv't closely-held |
- |
0.0 |
0.2 |
0.0 |
- |
|
SP Impairment losses |
- |
0.0 |
1.7 |
0.0 |
- |
|
SP L on retire. of inventories |
- |
- |
- |
0.0 |
0.1 |
|
SP L on val. of inventories |
- |
- |
0.0 |
2.0 |
0.0 |
|
SP Special retirement benefits |
- |
- |
- |
- |
0.0 |
|
SP Provision for doubtful accounts |
- |
- |
- |
0.0 |
0.0 |
|
SP L on compen.for consctr. settlement |
- |
- |
- |
0.0 |
0.1 |
|
SP Land improvement expenses |
- |
- |
- |
0.0 |
0.1 |
|
SP Loss on disaster |
0.0 |
1.0 |
- |
- |
- |
|
SP Other Special losses |
0.0 |
0.2 |
0.4 |
0.2 |
0.2 |
|
NOP Amort. of negative goodwill |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Total Operating Expense |
1,645.7 |
1,725.3 |
1,545.4 |
1,356.0 |
1,624.3 |
|
|
|
|
|
|
|
|
NOP Interest Income |
0.5 |
0.5 |
0.5 |
0.4 |
0.6 |
|
L on Liquidation of Investment Security |
-0.3 |
- |
- |
- |
- |
|
NOP Dividend Income |
0.8 |
0.9 |
0.7 |
0.9 |
0.6 |
|
NOP Equity earnings(non-ops) |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Income |
0.6 |
- |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
Other Income |
- |
0.3 |
0.4 |
0.8 |
0.6 |
|
NOP Interest Expense |
-1.2 |
-1.6 |
-1.7 |
-2.1 |
-2.1 |
|
Loss on sales of notes receivable-trade |
-0.1 |
-0.1 |
-0.4 |
-0.4 |
-1.2 |
|
NOP Foreign exchange losses |
-0.4 |
-0.9 |
-0.5 |
-0.1 |
-3.0 |
|
NOP Provision for doubtful accounts |
- |
0.0 |
-0.2 |
0.0 |
- |
|
Miscellaneous loss |
-0.5 |
-0.6 |
-0.3 |
-0.4 |
-0.8 |
|
SP G on sale of subsi. sotcks |
- |
0.0 |
0.4 |
0.0 |
- |
|
SP G on sale of LT inv't. secs. |
- |
0.0 |
0.0 |
2.1 |
0.1 |
|
SP G on sale of fixed assets |
0.0 |
0.6 |
0.5 |
0.0 |
- |
|
SP L on sale of LT inv't. secs. |
- |
- |
- |
0.0 |
-0.1 |
|
SP L on Sales & Retire of Fixed Assets |
0.0 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
SP L on sale of subsidiaries' stocks |
- |
- |
0.0 |
-1.3 |
0.0 |
|
Net Income Before Taxes |
21.3 |
22.2 |
14.9 |
6.3 |
12.1 |
|
|
|
|
|
|
|
|
Income taxes-current |
8.7 |
5.1 |
4.8 |
4.2 |
6.0 |
|
Net Income After Taxes |
12.6 |
17.1 |
10.1 |
2.1 |
6.1 |
|
|
|
|
|
|
|
|
Minority interests in income (loss) |
-0.3 |
-0.1 |
-0.3 |
0.1 |
0.0 |
|
Net Income Before Extra. Items |
12.3 |
17.0 |
9.9 |
2.2 |
6.1 |
|
Net Income |
12.3 |
17.0 |
9.9 |
2.2 |
6.1 |
|
|
|
|
|
|
|
|
Earning Adjustment |
- |
0.0 |
0.0 |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
12.3 |
16.9 |
9.8 |
2.2 |
6.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
12.3 |
16.9 |
9.8 |
2.2 |
6.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
109.8 |
111.4 |
111.4 |
111.4 |
111.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
Basic EPS Including ExtraOrdinary Item |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
12.3 |
16.9 |
9.8 |
2.2 |
6.1 |
|
Diluted Weighted Average Shares |
109.8 |
111.4 |
111.4 |
111.4 |
111.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
Diluted EPS Including ExtraOrd Items |
0.11 |
0.15 |
0.09 |
0.02 |
0.05 |
|
DPS-Common Stock |
0.06 |
0.06 |
0.05 |
0.03 |
0.04 |
|
Gross Dividends - Common Stock |
6.9 |
7.0 |
5.1 |
3.6 |
4.3 |
|
Normalized Income Before Taxes |
21.6 |
21.7 |
16.2 |
6.0 |
13.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
8.7 |
5.0 |
5.2 |
4.1 |
6.5 |
|
Normalized Income After Taxes |
12.8 |
16.7 |
11.0 |
1.8 |
6.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.5 |
16.5 |
10.7 |
1.9 |
6.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.11 |
0.15 |
0.10 |
0.02 |
0.06 |
|
Diluted Normalized EPS |
0.11 |
0.15 |
0.10 |
0.02 |
0.06 |
|
Research & Development Exp. |
- |
0.3 |
0.2 |
0.0 |
- |
|
Interest Expense |
1.2 |
1.6 |
1.7 |
2.1 |
2.1 |
|
BC - Depreciation of Goodwill |
0.2 |
- |
- |
- |
- |
|
Amort. of negative goodwill |
- |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Depreciation |
2.8 |
2.8 |
3.1 |
2.5 |
2.3 |
|
Income taxes-current |
7.3 |
- |
- |
- |
- |
|
Current Tax - Total |
7.3 |
- |
- |
- |
- |
|
Income taxes-deferred |
1.4 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.4 |
- |
- |
- |
- |
|
Income Tax - Total |
8.7 |
- |
- |
- |
- |
|
Reported Operating Profit |
21.6 |
22.9 |
16.8 |
6.3 |
17.4 |
|
Reported Ordinary Profit |
21.6 |
21.5 |
15.4 |
5.5 |
12.1 |
|
Service Cost |
- |
0.8 |
0.8 |
0.8 |
0.8 |
|
Interest Cost |
- |
0.2 |
0.3 |
0.4 |
0.4 |
|
Expected Return on Plan Assets |
- |
- |
0.0 |
-0.1 |
- |
|
Pension Exp. due to Acct. Changes |
- |
- |
- |
- |
-0.1 |
|
Amort. of Prior service cost |
- |
0.1 |
0.1 |
- |
- |
|
Actuarial Gains and Losses |
- |
0.6 |
0.6 |
0.6 |
0.4 |
|
Transit. L to Defined contribution plan |
- |
- |
1.0 |
- |
- |
|
Domestic Pension Plan Expense |
- |
1.8 |
2.7 |
1.7 |
1.5 |
|
Total Pension Expense |
- |
1.8 |
2.7 |
1.7 |
1.5 |
|
Discount Rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
- |
- |
2.00% |
2.00% |
2.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
85.870003 |
76.94 |
81.105 |
93.095 |
90.65 |
|
Auditor |
|
KPMG LLP |
KPMG LLP |
KPMG LLP |
The Fuji
Accounting Office |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & deposits |
52.1 |
29.2 |
32.2 |
26.7 |
48.2 |
|
Sec.Depo Group |
- |
0.0 |
1.2 |
2.2 |
33.1 |
|
Notes and accounts receivable-trade |
413.2 |
487.1 |
399.9 |
411.1 |
395.0 |
|
Merchandise & finished goods |
29.9 |
43.4 |
52.3 |
30.2 |
49.8 |
|
R.E held for sale |
0.1 |
0.2 |
0.1 |
0.2 |
17.8 |
|
Inventories- work-in-process |
1.6 |
1.4 |
0.5 |
0.3 |
0.2 |
|
In-process R.E. held for sale |
0.0 |
3.5 |
3.3 |
4.4 |
13.3 |
|
Raw material & supplies |
3.6 |
3.6 |
2.9 |
2.2 |
2.9 |
|
Deferred income taxes (current) |
1.5 |
2.8 |
3.1 |
3.9 |
3.5 |
|
Deposits payments |
- |
0.0 |
72.7 |
66.1 |
60.8 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Current assets other |
22.9 |
32.6 |
23.8 |
6.2 |
11.5 |
|
Allow.doubt.accounts (current) |
-1.3 |
-1.6 |
-3.2 |
-3.2 |
-4.8 |
|
Total current assets |
523.5 |
602.2 |
588.8 |
550.4 |
631.3 |
|
|
|
|
|
|
|
|
Other PPE, net |
0.0 |
- |
- |
- |
- |
|
Buildings and structures, net |
18.2 |
21.7 |
23.1 |
25.5 |
22.0 |
|
Machinery, equipment and vehicles, net |
1.4 |
1.2 |
1.5 |
1.4 |
1.8 |
|
Land |
57.1 |
63.7 |
62.7 |
63.0 |
42.1 |
|
Other |
1.0 |
1.3 |
1.3 |
1.2 |
0.4 |
|
Goodwill |
0.5 |
0.6 |
0.2 |
0.5 |
0.1 |
|
Other Total intangible assets |
0.0 |
- |
- |
- |
- |
|
Leasehold rights |
1.7 |
1.9 |
1.8 |
1.6 |
1.6 |
|
Other intangible assets |
1.4 |
1.4 |
0.9 |
0.6 |
0.5 |
|
Long-term investment in securities |
29.1 |
22.9 |
26.7 |
19.9 |
20.1 |
|
LT Inv.Sec.-nonconso/affliate' |
- |
3.7 |
3.4 |
- |
- |
|
Long-term loans receivable |
0.1 |
0.3 |
0.8 |
1.5 |
1.2 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Total investments and other assets |
0.0 |
- |
- |
- |
- |
|
Deferred tax assets |
2.0 |
4.1 |
2.3 |
1.5 |
1.4 |
|
Inv't-closely-held cap.-non-con. sub&aff |
- |
2.7 |
0.7 |
0.8 |
- |
|
Other Assets |
10.4 |
13.9 |
15.2 |
13.5 |
13.3 |
|
Allow.doubt.accounts (non-current) |
-1.3 |
-1.8 |
-2.5 |
-2.5 |
-2.2 |
|
Adjustment |
- |
- |
- |
- |
0.1 |
|
Total Assets |
645.1 |
739.8 |
727.0 |
679.0 |
733.8 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
356.8 |
399.4 |
419.0 |
399.0 |
427.2 |
|
Short-term loans payable |
9.8 |
34.8 |
13.9 |
29.8 |
42.7 |
|
Current Port. of Capital Lease |
- |
- |
0.8 |
0.3 |
- |
|
Commercial papers |
- |
- |
- |
- |
0.0 |
|
Current portion of bonds |
- |
0.0 |
37.0 |
0.0 |
- |
|
Customer Deposit |
- |
- |
- |
9.3 |
0.0 |
|
Income taxes payable |
4.5 |
2.6 |
4.3 |
2.6 |
2.7 |
|
Reserve for bonuses |
1.8 |
2.1 |
1.8 |
1.6 |
1.8 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Other current liabilities |
21.8 |
27.1 |
22.3 |
8.6 |
24.1 |
|
Total Current Liabilities |
394.7 |
465.9 |
499.1 |
451.3 |
498.4 |
|
|
|
|
|
|
|
|
Straight Bond |
- |
- |
0.0 |
32.2 |
33.1 |
|
Lease Obligations |
1.7 |
2.6 |
2.6 |
2.0 |
0.0 |
|
Long-term loans payable |
23.3 |
26.0 |
- |
- |
- |
|
Total Long Term Debt |
25.0 |
28.6 |
2.6 |
34.2 |
33.1 |
|
|
|
|
|
|
|
|
Reserve For Retirement Benefits |
9.6 |
10.3 |
8.8 |
9.2 |
10.8 |
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
guarantee deposited |
21.1 |
25.7 |
25.8 |
24.3 |
25.7 |
|
Deferred tax liabilities (non-current) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Deferred tax liabilities revaluation |
5.4 |
6.0 |
6.8 |
6.3 |
6.5 |
|
Negative goodwill |
- |
- |
0.0 |
0.0 |
0.1 |
|
Other LT liabilities |
0.7 |
1.2 |
1.6 |
0.4 |
0.4 |
|
Minority interests |
0.7 |
0.5 |
0.5 |
0.3 |
0.0 |
|
Total Liabilities |
457.2 |
538.3 |
545.2 |
526.0 |
575.0 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
93.4 |
104.3 |
98.9 |
86.2 |
88.5 |
|
Capital surplus(1) |
0.0 |
- |
- |
- |
- |
|
Capital surplus |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earning |
84.0 |
88.2 |
82.8 |
71.1 |
73.7 |
|
Treasury Stock |
-5.4 |
-2.9 |
-2.7 |
-2.3 |
-2.4 |
|
Valuation difference on available-for-sa |
3.7 |
1.2 |
4.1 |
4.0 |
4.5 |
|
Deferred Hedge |
0.0 |
0.0 |
0.0 |
-0.3 |
0.0 |
|
Revaluation Reserve |
9.8 |
10.9 |
-0.7 |
-5.3 |
-5.4 |
|
Cumulative translation adjustments |
2.4 |
-0.2 |
-0.6 |
-0.3 |
-0.1 |
|
Total net assets |
187.9 |
201.5 |
181.8 |
153.0 |
158.8 |
|
|
|
|
|
|
|
|
Total liabilities and net assets |
645.1 |
739.8 |
727.0 |
679.0 |
733.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
109.5 |
111.4 |
111.4 |
111.4 |
111.4 |
|
Total Common Shares Outstanding |
109.5 |
111.4 |
111.4 |
111.4 |
111.4 |
|
T/S-Common Stock |
3.2 |
1.4 |
1.3 |
1.3 |
1.3 |
|
Full-Time Employees |
- |
422 |
405 |
450 |
455 |
|
Number of Common Shareholders |
- |
9,217 |
9,265 |
9,903 |
10,269 |
|
Long Term Debt Maturing within 1 Year |
- |
0.0 |
37.0 |
- |
- |
|
Long-term debt maturing within 2 years |
- |
0.0 |
- |
32.2 |
- |
|
Long-term debt maturing within 3 years |
- |
0.0 |
0.0 |
0.0 |
33.1 |
|
Long-term debt maturing within 4 years |
- |
26.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
- |
26.0 |
37.0 |
32.2 |
33.1 |
|
Capital Lease due within 1 Yr. |
- |
1.0 |
0.8 |
0.3 |
- |
|
Capital Lease due within 2 Yr. |
- |
1.0 |
0.8 |
0.5 |
- |
|
Capital Lease due within 3 Yr. |
- |
0.9 |
0.7 |
0.5 |
- |
|
Capital Lease due within 4 Yr. |
- |
0.5 |
0.7 |
0.4 |
- |
|
Capital Lease due within 5 Yr. |
- |
0.1 |
0.3 |
0.4 |
- |
|
Capital Lease due within remaining Yr. |
- |
0.1 |
0.1 |
0.2 |
- |
|
Total Capital Leases |
- |
3.6 |
3.3 |
2.3 |
- |
|
Pension Obligation |
- |
14.0 |
13.0 |
17.8 |
19.8 |
|
Fair Value of Plan Assets |
- |
0.5 |
0.5 |
4.4 |
5.1 |
|
Funded Status |
- |
-13.6 |
-12.6 |
-13.4 |
-14.7 |
|
Total Funded Status |
- |
-13.6 |
-12.6 |
-13.4 |
-14.7 |
|
Discount Rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
- |
- |
2.00% |
2.00% |
2.00% |
|
Unrecognized Prior Service Cost |
- |
0.8 |
0.8 |
- |
- |
|
Unrecognized Actuarial Gains and Losses |
- |
2.4 |
2.9 |
4.2 |
3.9 |
|
Reserve for Accrued Retirement Benefits |
- |
-10.3 |
-8.8 |
-9.2 |
-10.8 |
|
Net Assets Recognized on Balance Sheet |
- |
-7.1 |
-5.1 |
-5.0 |
-7.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-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) |
79.797487 |
79.698224 |
87.789317 |
93.619712 |
103.395546 |
|
Auditor |
|
KPMG LLP |
KPMG LLP |
KPMG LLP |
The Fuji
Accounting Office |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Income before income taxes |
21.3 |
22.2 |
14.9 |
6.3 |
12.1 |
|
Depreciation |
2.8 |
2.8 |
3.1 |
2.5 |
2.3 |
|
Impairment losses |
- |
- |
1.7 |
0.0 |
- |
|
Amortization of Goodwill |
0.2 |
- |
- |
- |
- |
|
Amort. of negative goodwill |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Inc/Dec in Prov for Retirement Benefits |
0.3 |
1.0 |
-1.6 |
-1.0 |
-1.0 |
|
Inc/Dec in allowance for doubtful acc. |
-0.5 |
-2.5 |
-0.1 |
-1.7 |
-0.1 |
|
Reversal of int.& dividends rcvd. |
-1.3 |
-1.4 |
-1.3 |
-1.3 |
-1.2 |
|
Reversal of interest expenses |
1.2 |
1.6 |
1.7 |
2.1 |
2.1 |
|
Equity in (earnings) losses of affiliate |
-0.2 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Exchange gains/losses |
- |
- |
- |
0.0 |
3.0 |
|
L/G on Sales & Retire of PPE |
0.0 |
-0.3 |
-0.4 |
0.1 |
0.1 |
|
Sale Golf Membership |
- |
- |
- |
0.0 |
0.0 |
|
G on sale of LT inv't in secs. |
- |
0.0 |
0.0 |
-2.1 |
-0.1 |
|
L on sale of LT inv't in secs. |
- |
- |
- |
0.0 |
0.1 |
|
L/G on Valuation of Investment Security |
0.2 |
0.0 |
0.4 |
0.0 |
0.4 |
|
L/G on sale of subs'. secs. |
- |
0.0 |
-0.4 |
1.3 |
0.0 |
|
L on val. of subsidiaries' investment |
- |
- |
- |
- |
0.0 |
|
Incr/Decr in Note & Account Rcble Tr CF |
29.5 |
-63.2 |
32.8 |
-15.4 |
75.8 |
|
Decrease (increase) in inventories |
12.6 |
10.4 |
-17.7 |
34.9 |
-11.4 |
|
Incr/Decr in Tdg Note & Account Pbles CF |
-3.4 |
-40.8 |
-8.7 |
-30.0 |
-64.2 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Incr/Decr in guarantee deposits received |
-2.1 |
-1.5 |
-1.5 |
0.0 |
- |
|
Other, net |
1.9 |
-1.0 |
-1.5 |
-0.5 |
2.4 |
|
Int & div.received (cash basis) |
1.4 |
1.5 |
1.3 |
1.2 |
1.3 |
|
Interest paid (cash basis) |
-1.2 |
-1.8 |
-1.7 |
-2.1 |
-2.1 |
|
Income taxes paid |
-5.1 |
-6.3 |
-3.5 |
-4.1 |
-6.3 |
|
Newly Consolid. |
- |
- |
- |
- |
0.5 |
|
Adjustment |
- |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Net cash provided by (used in) operating |
57.6 |
-79.4 |
17.5 |
-9.9 |
13.5 |
|
|
|
|
|
|
|
|
Purchase Of Investments In Subsidiaries |
-0.2 |
- |
- |
- |
- |
|
Time Deposit Made |
-1.0 |
-0.1 |
-0.2 |
-0.2 |
-0.5 |
|
Time Deposit Matured |
1.0 |
0.3 |
0.3 |
0.2 |
0.6 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Net decrease(increase) in deposit paid |
0.0 |
74.0 |
2.8 |
-6.8 |
27.7 |
|
Purchase of property, plants and equipme |
-1.2 |
-0.7 |
-1.3 |
-2.8 |
-1.5 |
|
Proceeds from sales of property, plants |
0.4 |
4.5 |
11.6 |
0.1 |
0.3 |
|
Purchase of LT inv't in sec. |
-0.2 |
-0.3 |
-6.2 |
-0.6 |
-0.1 |
|
Sale of LT inv't in sec. |
0.0 |
0.0 |
0.0 |
3.8 |
0.4 |
|
Purch of consol.affili' sec. |
- |
0.0 |
-1.8 |
-1.2 |
-0.6 |
|
payments for investments |
0.0 |
-1.0 |
-0.4 |
-0.4 |
-1.0 |
|
Closely-held inv'ts collected |
0.0 |
0.1 |
0.0 |
0.2 |
0.0 |
|
Sale of consol.subsidiaries' sec. |
- |
- |
0.0 |
0.5 |
0.0 |
|
Purch. of consol.subs' sec.-inflow |
- |
- |
0.0 |
0.3 |
0.0 |
|
Expens-Sale of subs' secs |
- |
0.0 |
-0.9 |
0.0 |
- |
|
Payments for transfer of business |
-0.1 |
-1.3 |
0.0 |
-3.8 |
0.0 |
|
Loan Made |
-25.3 |
-18.8 |
-1.4 |
-1.1 |
-1.8 |
|
Loan Collected |
29.7 |
16.4 |
3.2 |
0.7 |
0.8 |
|
Other, net |
-0.3 |
-0.2 |
0.0 |
0.0 |
-0.1 |
|
Net cash provided by (used in) investing |
2.9 |
72.9 |
5.7 |
-10.9 |
24.2 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
-23.0 |
19.4 |
-18.7 |
-27.3 |
2.9 |
|
Proceeds from long-term loans payable |
0.0 |
25.1 |
- |
- |
- |
|
Commer papers issued |
124.1 |
440.4 |
298.4 |
100.4 |
0.0 |
|
Commer papers redemptions |
-124.1 |
-440.4 |
-298.4 |
-100.4 |
-14.5 |
|
FCSN |
-3.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Repayment of lease obligation |
-0.4 |
-0.3 |
-0.1 |
0.0 |
0.0 |
|
Cash dividends paid |
-7.0 |
-5.6 |
-3.8 |
-2.4 |
-4.3 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Redemption of bonds |
0.0 |
-37.6 |
- |
- |
- |
|
Net cash provided by (used in) financing |
-33.5 |
0.9 |
-22.7 |
-29.7 |
-15.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.8 |
0.0 |
-0.3 |
0.2 |
-1.1 |
|
Net increase (decrease) in cash and cash |
27.8 |
-5.6 |
0.2 |
-50.4 |
20.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
28.1 |
33.7 |
30.4 |
78.9 |
50.2 |
|
Net Cash - Ending Balance |
55.9 |
28.1 |
30.6 |
28.5 |
71.0 |
|
Cash Interest Paid |
1.2 |
1.8 |
1.7 |
2.1 |
2.1 |
|
Cash Taxes Paid |
5.1 |
6.3 |
3.5 |
4.1 |
6.3 |
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.54.44 |
|
UK Pound |
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
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.