|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SOJITZ CORP |
|
|
|
|
Formerly Known As : |
SOJITZ HOLDINGS CORPORATION |
|
|
|
|
Registered Office : |
Kokusai Shin-Akasaka Bldg. 6-1-20, Akasaka,
Minato-ku Tokyo, 107-8655 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
01.04.2003 |
|
|
|
|
Legal Form : |
Public Parent |
|
|
|
|
Line of Business : |
Wholesale of other food including fish, crustaceans and molluscs |
|
|
|
|
No. of Employees : |
17,039 |
RATING & COMMENTS
|
MIRAs 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 : |
No Complaints |
|
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 (31.03.2011) |
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 third-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and in a virtual tie with India. 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
Sojitz Corp
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Description
|
Sojitz Corporation is a Japan-based
integrated trading company. The Company operates in five business segments.
The Machinery segment provides automobiles and automobile parts, construction
and industrial machinery, power-generating equipment, marine vessels and
airplanes. The Energy and Metal segment provides oil and gas, petroleum
products, aluminum, coal, iron, atomic fuel, vanadium, mineral, precious
metal, bronze and tin, among others. The Chemicals and Functional Materials
segment provides organic and inorganic chemicals, fine chemicals, cosmetics,
food additives, electronic materials, industrial salt and plastic molding
machines. The Lifestyle segment provides cereal grain, fat and oil, marine
products, fruit and vegetables, sugar, chemical fertilizer, textiles,
non-woven cloth, foods and bedding products, among others. The Others segment
provides logistics, insurance and real estate leasing services. For the six
months ended 30 September 2012, Sojitz Corp revenues decreased 11% to
Y1.953T. Net income applicable to common stockholders decreased 71% to
Y3.02B. Revenues reflect Living Essentials segment decrease of 13% to
Y744.26B, Machinery Business segment decrease of 11% to Y429.14B. Net income
also reflects Loss on valuation of investment securiti increase from Y2.57B
to Y11.73B (expense). |
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
5138 - Wholesale of other food including fish,
crustaceans and molluscs |
|
NAICS 2002: |
42449 - Other Grocery and Related Products Merchant
Wholesalers |
|
UK SIC 2003: |
5138 - Wholesale of other food including fish,
crustaceans and molluscs |
|
UK SIC 2007: |
4638 - Wholesale of other food, including fish,
crustaceans and molluscs |
|
US SIC 1987: |
5149 - Groceries and Related Products, Not Elsewhere
Classified |
|
|
|
Key Executives
|
Significant Developments
|
Financial Summary
|
Stock Snapshot
|
|
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 78.96121
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.38536
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Sojitz Corp The Strategic Initiatives report is created
using technology to extract meaningful insights from analyst reports about a
company's strategic projects and investments. More about Strategic Initiatives
|
|
Partnerships |
||||||||||||
|
Sojitz will continue to closely monitor
interest rates and market conditions and will consider floating additional
issues whenever advantageous opportunities to do so arise. Additionally,
Sojitz maintains two committed credit lines, a JPY100 billion yen line and
US$300 million multicurrency line, as supplemental sources of precautionary
liquidity.Jun 06, 2012RAO Energy System Signs MoU With Sojitz And KHI For
collaboration Of On-site Heat And Power Cogeneration Projects In RussiaOJSC
"RAO Energy System of East" and Sojitz Corporation, and Kawasaki
Heavy Industries, Ltd. (KHI) signed a memorandum of understanding (MoU) on
collaboration for on-site heat and power cogeneration projects in the Russian
Far East. The document was signed on June 6, 2012.During the meeting, the
Sojitz and KHI expressed their interest in joint projects implementation in
Far Eastern federal district of Russia in electrical energy field with
utilization of gas turbine technologies. |
||||||||||||
|
The document was signed on June 6,
2012.During the meeting, the Sojitz and KHI expressed their interest in joint
projects implementation in Far Eastern federal district of Russia in
electrical energy field with utilization of gas turbine technologies. Within
the frames of collaboration, the parties intend to determine the main
principles of further cooperation on implementing power projects in the
Russian Far East. As early as 2013, the companies intend to start practical
implementation of the projects on modernization of existing and construction
of new power facilities. Currently the parties have been already interacting
in the working groups on technical and economical aspects of possible joint
power projects. |
||||||||||||
|
Strengths/Weaknesses (SWOT)
|
||||||||||||
Sojitz is a Japan-based diversified holding
company, engaged in the trading and distribution of goods. The company operates
in four core business segments, which includes Machinery; Energy & Metals;
Chemicals & Functional Materials; and Consumer Lifestyle Business. The
company's diversified operational presence across various sectors is its key
strength. However, declined liquidity and higher operating costs are areas of
concern to the company. Sojitz could gain from its strategic investments in
businesses that have high growth potentials such as the US unconventional gas
assets and renewable sources of energy. Uncertain domestic and international
economic conditions could pose threat for the company's growth.
Asset Efficiencies
Sojitz reported an improvement in its
efficiency ratios for the fiscal year ended March 2011 (fiscal 2010-11). The
efficiency ratios are used to analyze the uses of assets and liabilities by the
company. The company recorded revenue worth JPY4,014.6 billion in fiscal
2010-11, an increase of 4.4% over that of previous comparative period. It
reported asset turnover ratio of 1.9 in fiscal 2010-11, as compared to 1.7 in
fiscal 2009-10, followed by fixed asset turnover and inventory turnover of 18.6
and 15.7 in fiscal 2010-11, as compared to 17.3 and 14.7 in fiscal 2009-10,
respectively. The company also reported a slight improvement in its current
asset turnover ratio. Such improved efficiency ratios indicate that the company
was able to make effective use of its assets and liabilities towards maximizing
its bottom-line result.
Diversified
Revenue Sources
Sojitz engages in diverse businesses, which
enables it to serve various needs of its diversified customer base. The
company’s operations are classifieds into four reportable business segments,
namely, Machinery; Energy & Metals; Chemicals & Functional Materials;
and Consumer Lifestyle Business. The Sojitz Group, centered on Sojitz, comprises
505 companies, including 475 consolidated subsidiaries and affiliates, of which
344 are subsidiaries and 161 are affiliates. Sojitz, together with its
subsidiaries and affiliates, operates in Americas, Asia & Oceania, China,
Europe, Russia & Newly Independent States (NIS), Japan, and Middle East
& Africa. Such diversified operations mitigate the business risk associated
with any particular sector.
Presence across
the Oil and Gas Value Chain
Sojitz has made significant investments in
the entire oil and gas energy value chain. Through its Energy & Metal
division, the company operates in the oil and gas upstream, midstream and
downstream businesses. Sojitz has investments in upstream assets located in the
North Sea, the UK; Gulf of Mexico and inland tight gas development businesses
in Texas, the US; oil and gas development off the coast of Victoria, Australia;
Qatar; Gabon, Egypt, and Brazil. In addition, the company owns 50% of LNG Japan
Corporation, which is engaged in LNG business. The company has also concentrated
on oil and gas midstream and downstream businesses. It has invested in an LPG
import and sales business in Vietnam. Furthermore, Sojitz is engaged in the
management of gasoline stations, as well as a petroleum product and chemical
tank facility business in Japan. Besides, it also operates in the carbon
business, nuclear fuel, coal, Ferroalloy, Non-ferrous and Precious Metals, Iron
Ore, Steel Products, and Environmental and New Energy Businesses.
Declined
Liquidity
Sojitz reported declined liquidity along with
fall in working capital for the fiscal year ended March 2011, which may impact
its growth and expansion plans. The company reported a 15.2% decline in its net
working capital for fiscal 2010-11, over the net working capital in 2009-10. Its
liquidity ratios including current, quick and cash ratio also decreased to
1.42, 1.15 and 0.47 in the fiscal 2010-11, as compared to 1.53, 1.23 and 0.55
during the fiscal 2009-10, respectively. Sojitz's cash from operating
activities declined by 36.7% from JPY107,222m in fiscal 2009-10. This lead to a
negative net change in its cash position to JPY(38,564)m in fiscal 2010-11,
from JPY39,890m in the previous year. For the nine month period ended December
31, 2011, the company recorded a negative net change in its cash position to
JPY(44,498)m and its cash from operating activities declined 14.9% over the
previous comparative period. Such liquidity indicates that the company could
face difficulties in meeting its short-term obligations, as well as operational
requirements.
Higher Operating
Costs affecting Margins
Sojitz reported higher operating costs since
fiscal year ended March 2009, and this has affected its margins. The company's
operating costs (% of sales) were 99.2%, 100.1% and 99.5% during fiscal years
ended March 2011, 2010 and 2009, respectively. Thus, it reported lower
operating margin and net profit margin. Sojitz's operating margin was 0.8%,
-0.1% and 0.4%, and its net profit margin was 0.4%, 0.2% and 0.3% for fiscals
2010-11, 2009-10 and 2008-09, respectively. For the nine month period ended
December 31, 2011, the company’s operating costs (% of sales) was 99.14%, and
it recorded a net loss of JPY(13,458)m. Such low operating and net profit
margins indicate inefficient cost management by the company.
Growing Renewable
Energy Market
The growing global renewable energy market
could provide growth opportunities to the company. According to in-house
research, power generation from renewable energy sources (renewables) will
require projected $5.7 trillion of cumulative investments from 2010 to 2035.
China has emerged as the leader in photovoltaic and wind power production with
higher investment needs. Middle East and Africa are other potential renewable
energy markets. Renewable energy is projected to account for about 55% in the
cumulative electricity generation by 2035 from the current level of 19%, as per
in-house research estimates. This growth is expected to be led primarily by
wind and hydro, followed by biofuels and about 2% from solar photovoltaic by
2035. Sojitz is taking strategic steps to capitalize on the growth potential of
renewable energy market. In October 2011, Sojitz launched a mega-solar
independent power provider (IPP) business in Mixdorf, Germany. The project is one
of Germany’s largest solar power businesses with total generating capacity of
24 MW. In January 2011, the company reached an agreement with United Africa
Group (Pty) Ltd. (UAG), a Namibia-based company, and Korea Midland Power Co.,
Ltd. (KOMIPO), a Korean company, to cooperate in the implementation of
Namibia’s first wind power project and signed a joint development agreement.
Global Nuclear
Capacity Expansion to 2020
The company could benefit by expanding into
the nuclear sector. As per IEA, 55 nuclear power plants with a net capacity of
50,929 MW were under construction across 14 countries in 2009. Major countries
include China with 20 facilities (19,920 MW); Russian Federation, 9 (6,996 MW);
South Korea, 6 (6,520 MW); and India, 5 (2,708 MW). Other countries include
Chinese Taipei, Bulgaria, Ukraine, Slovak Republic, Finland, France, the United
States, Argentina, Iran and Pakistan. The facilities are expected to add 50 GW
to the existing 370 GW by 2020, although a few of the older capacities are expected
to be closed. Countries with active nuclear plants with further construction
starting in the next few years include China, India and Russia. Countries with
active capacities and new capacities planned include Canada, Czech Republic,
Lithuania, Romania, the United Kingdom, and the US. The US has over 30 new
nuclear units under consideration. Countries with no existing plants planning
nuclear capacities by 2020 include Italy, Poland, Turkey and the United Arab
Emirates. Current plans and capacities with likely closure of older plants
indicate nuclear capacities reaching between 475-500 GW by 2020.
Significant
Growth in the US Shale Gas Market
With the company undertaking development and
production of unconventional gas in the US, it stands to gain from the growth
in the US shale market in the long run. In order to enhance its upstream oil
and gas assets, Sojitz is actively involved in the exploration and production
of unconventional gas including shale gas and tight gas, at the Carthage
onshore gas block in Texas, the US. Over the past three years, natural gas
production in the US has increased owing to increase in production from
unconventional sources such as CBM (Coal Bed Methane), tight gas and shale gas.
According to in-house data, natural gas production is expected to increase by
approximately 64.3 Bcf/d by 2015, at an AAGR of 1.9% with contribution of
unconventional gas increasing to 60% by 2015. The unconventional gas production
in the US is estimated to increase from approximately 30.4 Bcf/d in 2009 to
38.6 Bcf/d in 2015 at an AAGR of 4%. A major share of the increase is expected
to be from shale gas plays in the country. Shale gas production in the US is
expected to increase from approximately 8.4 Bcf/d in 2009 to 15.4 Bcf/d in 2015
at an AAGR of 10%. The US shale gas plays have attracted huge investments over
the past few years. From 2006 to June 2010, the industry attracted about USD 84
billion of investment through mergers, acquisitions and asset transactions.
With almost all the major international oil companies holding interests in the
US shale gas market, these plays are expected to witness an increased level of
activities during the period 2010-2020.
Foreign Currency
Exchange Rate Risk
Exchange rate volatility could have an adverse
effect on the company's financial results. The company is geographically
diversified and has operations in most parts of the world. The asset values,
earnings and cash flows are influenced by a range of currencies. A substantial
portion of overseas sales could be affected by foreign currency exchange rate
fluctuations. A significant portion of revenues generated from overseas
business operations are denominated in currencies other than the Japanese yen.
The company's sales are in various currencies such as US dollar, Australian
dollar, and the Brazilian Real, among other currencies. It is exposed to
currency risks associated with the purchases, sales and borrowings from
different markets. Changes in the exchange rates could affect the consolidated
results of operations and thereby impact its overall profitability.
Uncertain Market
and Economic Conditions
The company could face several challenges due
to global economic slowdown. According to IMF, global economy is projected to
grow at 4% in both 2011 and 2012, which is down from 5% achieved in 2010.
According to IMF's September 2011 report, Eurozone economy is forecast to grow
1.1% in 2012, down from the IMF's June 2011 forecast of 1.7% for 2012. The
agency also predicted that the US economy would expand at around 1.8% in 2012.
This is in contrast to the agency’s previous estimate of more than 2.5%
growth in 2012. During 2010, fears of a sovereign debt crisis surfaced in
various European countries, including Portugal, Ireland, Italy, Greece, Spain,
and Belgium. Such crises could lead to increasing deficit, followed by an
increase in debt and economic downturn, ultimately leading to high defaults,
which could also spill-over to other emerging economies. The sluggish economic
growth could lead to the inability of some of the company’s customers to
fully comply with the terms of their contracts.
Challenge of
Environmental Regulations
The company could be affected by the
environmental regulations governing the global chemical industry. REACH
(Registration Evaluation and Authorization of Chemicals), in Europe, is an
example of the stringent environmental regulations that impact chemical
producers. REACH regulates the products manufactured and marketed in Europe.
Phased over a period of 11 years, the regulation mandates all companies to
develop and submit dossiers containing data sets about their chemical products
and detail their potential impact and risk on environment. This could be a
challenge while launching new products as the process is time-consuming and expensive.
It may also result in phasing out many existing chemicals from the market,
which are regarded as toxic and hazardous. REACH directly applies to over
30,000 different chemical substances that are produced or sold in Europe and
its implementation is expected to cost European chemical industry about $3
billion. Other countries too are expected to model their regulations on the
principles of REACH. The US has already begun implementing similar regulations
with the reform of Toxic Substances Control Act. China has its own version:
RoHS (Restriction of Hazardous Substances), which restricts the use of certain
chemicals in the market. Such stringent environmental regulations are set to
tighten in the coming years, affecting both existing and new products for the
company.
Total Corporate
Family Members: 296
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Tokyo |
Japan |
Food Processing |
56,917.0 |
17,039 |
|
|
Joint Venture |
Tokyo |
Japan |
Miscellaneous Capital Goods |
29,448.2 |
10,000 |
|
|
Subsidiary |
Nagoya-Shi |
Japan |
Miscellaneous Capital Goods |
1,528.4 |
234 |
|
|
Subsidiary |
Chonburi |
Thailand |
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
Bandar Baru Bangi, Selangor |
Malaysia |
Iron and Steel |
103.0 |
167 |
|
|
Subsidiary |
Izumiotsu, Osaka |
Japan |
Miscellaneous Fabricated Products |
97.7 |
160 |
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Miscellaneous Capital Goods |
|
150 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
86.3 |
91 |
|
|
Subsidiary |
Santa Fe Springs, CA |
United States |
Construction - Supplies and Fixtures |
14.2 |
85 |
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Business Services |
133.8 |
75 |
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Miscellaneous Capital Goods |
276.1 |
33 |
|
|
Subsidiary |
Taipei City, Taipei |
Taiwan |
Miscellaneous Capital Goods |
|
33 |
|
|
Nifast Hungary Autoalkatresz Kereskedelmi Korlatolt
Felelossegu Tarsasag |
Subsidiary |
Esztergom |
Hungary |
Auto and Truck Parts |
24.8 |
28 |
|
Subsidiary |
Ichikawa, Chiba |
Japan |
Miscellaneous Fabricated Products |
1.0 |
24 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
211.2 |
20 |
|
|
Subsidiary |
Santa Fe Springs, CA |
United States |
Miscellaneous Capital Goods |
31.9 |
20 |
|
|
Subsidiary |
Bangna, Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
20 |
|
|
Subsidiary |
Admiralty, Hong Kong |
Hong Kong |
Miscellaneous Capital Goods |
|
18 |
|
|
Subsidiary |
Duisburg, Nordrhein-Westfalen |
Germany |
Miscellaneous Fabricated Products |
|
16 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
38.5 |
12 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
41.7 |
7 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Iron and Steel |
4,291.6 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
75.5 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Miscellaneous Capital Goods |
1,721.2 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Construction - Supplies and Fixtures |
825.2 |
|
|
|
Subsidiary |
Fukuoka, Fukuoka |
Japan |
Miscellaneous Capital Goods |
742.5 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Iron and Steel |
659.8 |
|
|
|
Subsidiary |
Hiroshima, Hiroshima |
Japan |
Miscellaneous Capital Goods |
618.7 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Iron and Steel |
528.6 |
|
|
|
Subsidiary |
Kitakami, Iwate |
Japan |
Miscellaneous Capital Goods |
104.2 |
|
|
|
Subsidiary |
Kurashiki, Okayama |
Japan |
Iron and Steel |
362.5 |
|
|
|
Subsidiary |
Takamatsu, Kagawa |
Japan |
Miscellaneous Capital Goods |
362.5 |
|
|
|
Subsidiary |
Sumida-Ku, Tokyo |
Japan |
Rental and Leasing |
318.8 |
|
|
|
Subsidiary |
Hiroshima, Hiroshima |
Japan |
Miscellaneous Capital Goods |
292.8 |
|
|
|
Subsidiary |
Okazaki, Aichi |
Japan |
Business Services |
289.8 |
|
|
|
Subsidiary |
Ichikawa, Chiba |
Japan |
Miscellaneous Capital Goods |
272.4 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
245.9 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Business Services |
216.8 |
|
|
|
Subsidiary |
Kasuya-Gun, Fukuoka |
Japan |
Construction - Supplies and Fixtures |
146.9 |
|
|
|
Subsidiary |
Kitakyushu, Fukuoka |
Japan |
Waste Management Services |
52.8 |
9 |
|
|
Subsidiary |
Kasuya-Gun, Fukuoka |
Japan |
Construction - Supplies and Fixtures |
150.7 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Waste Management Services |
140.3 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Business Services |
119.4 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
101.0 |
|
|
|
Subsidiary |
Nagasaki, Nagasaki |
Japan |
Miscellaneous Fabricated Products |
89.4 |
|
|
|
Subsidiary |
Kitahiroshima, Hokkaido |
Japan |
Miscellaneous Capital Goods |
58.9 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Iron and Steel |
45.9 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Fabricated Products |
21.3 |
30 |
|
|
Subsidiary |
Hiroshima, Hiroshima |
Japan |
Miscellaneous Capital Goods |
41.9 |
|
|
|
Subsidiary |
Hiroshima |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Fukuoka |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Barcelona, Anzoátegui |
Venezuela |
Auto and Truck Manufacturers |
|
1,400 |
|
|
Affiliates |
Tokyo |
Japan |
Computer Hardware |
541.4 |
1,123 |
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
193.5 |
778 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
300 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
28 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Software and Programming |
37.6 |
|
|
|
Subsidiary |
Naha, Okinawa |
Japan |
Computer Networks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
|
|
|
Subsidiary |
Nagano-Shi |
Japan |
Computer Networks |
174.8 |
725 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Software and Programming |
20.9 |
129 |
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
24.5 |
75 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
73 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
50 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
30 |
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Communications Services |
43.5 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Business Services |
9.1 |
|
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Miscellaneous Financial Services |
2.8 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Foshan City |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Wanchai |
Hong Kong |
Computer Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Kimbe, West New Britain |
Papua New Guinea |
Forestry and Wood Products |
|
1,100 |
|
|
Subsidiary |
|
Thailand |
Chemical Manufacturing |
651.7 |
940 |
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
300 |
|
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Transportation |
|
60 |
|
|
Thai Central Chemical Public Company Limited -
Nakhon Luang Plant |
Facility |
Phra Nakhon Si Ayutthaya |
Thailand |
Chemical Manufacturing |
|
|
|
Thai Central Chemical Public Company Limited -
Phrapradaeng Plant Site |
Facility |
Samut Prakan |
Thailand |
Chemical Manufacturing |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Restaurants |
1,128.2 |
916 |
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Specialty) |
1.0 |
1,000 |
|
|
Subsidiary |
Chiba |
Japan |
Retail (Specialty) |
71.6 |
153 |
|
|
Subsidiary |
El Segundo, CA |
United States |
Miscellaneous Capital Goods |
|
75 |
|
|
Subsidiary |
Bangrak, Bangkok |
Thailand |
Food Processing |
|
50 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Retail (Specialty) |
57.0 |
43 |
|
|
Subsidiary |
Shanghai |
China |
Food Processing |
|
30 |
|
|
Subsidiary |
London |
United Kingdom |
Beverages (Alcoholic) |
8.1 |
9 |
|
|
Subsidiary |
Tsim Tsa Tsui, Kowloon |
Hong Kong |
Restaurants |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
679 |
|
|
Joint Venture |
Osaka |
Japan |
Apparel and Accessories |
2,963.9 |
650 |
|
|
Affiliates |
Kusatsu-Shi |
Japan |
Auto and Truck Parts |
359.0 |
502 |
|
|
Subsidiary |
Higashiusuki-Gun, Miyazaki |
Japan |
Iron and Steel |
51.2 |
100 |
|
|
Subsidiary |
Kusatsu, Shiga |
Japan |
Miscellaneous Capital Goods |
115.1 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
1.0 |
472 |
|
|
Subsidiary |
Metro Manila |
Philippines |
Chemical Manufacturing |
134.3 |
400 |
|
|
Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
158.8 |
350 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Raw Materials |
1,818.7 |
325 |
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Engineering Consultants |
39.8 |
300 |
|
|
Subsidiary |
Tangerang |
Indonesia |
Construction - Supplies and Fixtures |
|
300 |
|
|
Affiliates |
Osaka |
Japan |
Oil and Gas Operations |
|
300 |
|
|
Subsidiary |
Tokyo |
Japan |
Fabricated Plastic and Rubber |
1,738.1 |
280 |
|
|
Facility |
Ingersoll, ON |
Canada |
Auto and Truck Manufacturers |
49.7 |
251 |
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
0.0 |
246 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
239 |
|
|
Subsidiary |
Thame, |
United Kingdom |
Retail (Grocery) |
964.0 |
226 |
|
|
Subsidiary |
London |
United Kingdom |
Electric Utilities |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
818.4 |
212 |
|
|
Branch |
Chiba |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Branch |
Kobe |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tangshan, Hebei |
China |
Fabricated Plastic and Rubber |
5.9 |
200 |
|
|
Subsidiary |
Wattana, Bangkok |
Thailand |
Retail (Specialty) |
|
200 |
|
|
Affiliates |
Tokyo |
Japan |
Chemical Manufacturing |
165.2 |
183 |
|
|
Subsidiary |
Noda, Chiba |
Japan |
Miscellaneous Fabricated Products |
62.2 |
92 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Transportation |
1,197.1 |
150 |
|
|
Subsidiary |
New York, NY |
United States |
Aerospace and Defense |
|
7 |
|
|
Affiliates |
Sapporo, Hokkaido |
Japan |
Oil and Gas Operations |
120.0 |
150 |
|
|
Subsidiary |
New York, NY |
United States |
Electronic Instruments and Controls |
7,500.0 |
140 |
|
|
Branch |
Portland, OR |
United States |
Miscellaneous Capital Goods |
85.9 |
35 |
|
|
Branch |
Houston, TX |
United States |
Miscellaneous Capital Goods |
68.3 |
25 |
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Chemical Manufacturing |
11.0 |
16 |
|
|
Branch |
Seattle, WA |
United States |
Miscellaneous Capital Goods |
42.4 |
15 |
|
|
Branch |
Washington, DC |
United States |
Miscellaneous Capital Goods |
6.0 |
3 |
|
|
Branch |
St Louis, MO |
United States |
Electronic Instruments and Controls |
0.7 |
2 |
|
|
Subsidiary |
Yantai, Shandong |
China |
Containers and Packaging |
6.0 |
140 |
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
1.0 |
130 |
|
|
Subsidiary |
Noida, Uttar Pradesh |
India |
Miscellaneous Capital Goods |
|
108 |
|
|
Branch |
Chennai |
India |
Electronic Instruments and Controls |
|
31 |
|
|
Branch |
Bangalore |
India |
Electronic Instruments and Controls |
|
|
|
|
Branch |
Mumbai |
India |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Bang Rak, Bangkok |
Thailand |
Auto and Truck Manufacturers |
|
105 |
|
|
Branch |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
391.1 |
100 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Textiles - Non Apparel |
1.0 |
100 |
|
|
Affiliates |
Shimizu, Sizuoka |
Japan |
Food Processing |
|
100 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Auto and Truck Manufacturers |
|
100 |
|
|
Subsidiary |
Fukuoka |
Japan |
Electric Utilities |
|
86 |
|
|
Subsidiary |
Wanchai |
Hong Kong |
Investment Services |
|
80 |
|
|
Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
244.8 |
72 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
1,521.4 |
70 |
|
|
Subsidiary |
Dalian |
China |
Fish and Livestock |
|
70 |
|
|
Subsidiary |
Osaka |
Japan |
Textiles - Non Apparel |
110.2 |
64 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
|
60 |
|
|
Subsidiary |
Ruwi |
Oman |
Business Services |
|
60 |
|
|
Subsidiary |
Tokyo |
Japan |
Auto and Truck Parts |
|
60 |
|
|
Subsidiary |
Tokyo |
Japan |
Footwear |
74.7 |
50 |
|
|
Subsidiary |
Tianjin, Tianjin |
China |
Consumer Financial Services |
9.7 |
50 |
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Apparel and Accessories |
|
50 |
|
|
Subsidiary |
Taipei City, Taipei |
Taiwan |
Business Services |
1.0 |
45 |
|
|
Subsidiary |
Kuala Lumpur, Kuala Lumpur |
Malaysia |
Consumer Financial Services |
74.4 |
42 |
|
|
Affiliates |
Osaka, Tsurumi Ku |
Japan |
Chemicals - Plastics and Rubber |
1.0 |
40 |
|
|
Subsidiary |
Wanchai |
Hong Kong |
Investment Services |
|
40 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Raw Materials |
229.5 |
31 |
|
|
Subsidiary |
Dubai, Dubai |
United Arab Emirates |
Consumer Financial Services |
|
31 |
|
|
Subsidiary |
La Porte, TX |
United States |
Chemicals - Plastics and Rubber |
34.0 |
30 |
|
|
Subsidiary |
Shenzhen, Guangdong |
China |
Fabricated Plastic and Rubber |
33.6 |
30 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Investment Services |
10.5 |
30 |
|
|
Subsidiary |
Makati |
Philippines |
Consumer Financial Services |
1.0 |
30 |
|
|
Subsidiary |
Chennai, Tamil Nadu |
India |
Business Services |
1.0 |
30 |
|
|
Subsidiary |
Catano, PR |
United States |
Auto and Truck Manufacturers |
3.2 |
28 |
|
|
Subsidiary |
Kyiv |
Ukraine |
Auto and Truck Manufacturers |
123.2 |
26 |
|
|
Subsidiary |
London |
United Kingdom |
Chemical Manufacturing |
239.9 |
25 |
|
|
Branch |
Istanbul (Europe) |
Turkey |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Carol Stream, IL |
United States |
Miscellaneous Fabricated Products |
5.0 |
25 |
|
|
Branch |
Lenexa, KS |
United States |
Miscellaneous Fabricated Products |
20.7 |
9 |
|
|
Branch |
Beatrice, NE |
United States |
Miscellaneous Fabricated Products |
17.1 |
7 |
|
|
Joint Venture |
Singapore |
Singapore |
Construction Services |
|
23 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
38.5 |
20 |
|
|
Subsidiary |
Johor Bahru |
Malaysia |
Business Services |
|
20 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
20 |
|
|
Subsidiary |
Guangzhou, Guangdong |
China |
Consumer Financial Services |
|
20 |
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Apparel and Accessories |
|
20 |
|
|
Subsidiary |
Mexico, DF |
Mexico |
Investment Services |
0.5 |
17 |
|
|
Subsidiary |
Vancouver, BC |
Canada |
Personal and Household Products |
12.2 |
15 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Food Processing |
5.0 |
15 |
|
|
Subsidiary |
Sakuragawa, Ibaraki |
Japan |
Chemicals - Plastics and Rubber |
|
15 |
|
|
Subsidiary |
Sydney, NSW |
Australia |
Miscellaneous Capital Goods |
398.5 |
13 |
|
|
Subsidiary |
Tehran |
Iran |
Miscellaneous Financial Services |
|
13 |
|
|
Subsidiary |
Auckland |
New Zealand |
Miscellaneous Financial Services |
6.2 |
11 |
|
|
Subsidiary |
Sado, Niigata |
Japan |
Electric Utilities |
|
11 |
|
|
Subsidiary |
Victoria Island, Lagos |
Nigeria |
Miscellaneous Financial Services |
|
11 |
|
|
Subsidiary |
Qingdao, Shandong |
China |
Consumer Financial Services |
6.1 |
10 |
|
|
Subsidiary |
New Delhi, Delhi |
India |
Consumer Financial Services |
|
10 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
10 |
|
|
Subsidiary |
Singapore |
Singapore |
Oil and Gas Operations |
535.5 |
9 |
|
|
Subsidiary |
Houston, TX |
United States |
Oil Well Services and Equipment |
1.0 |
9 |
|
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Consumer Financial Services |
0.6 |
8 |
|
|
Subsidiary |
Beijing, Beijing |
China |
Retail (Specialty) |
0.0 |
7 |
|
|
Subsidiary |
Kota Kinabalu |
Malaysia |
Construction - Supplies and Fixtures |
2.3 |
6 |
|
|
Subsidiary |
Caracas |
Venezuela |
Miscellaneous Financial Services |
|
6 |
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
|
6 |
|
|
Subsidiary |
Akita |
Japan |
Real Estate Operations |
|
6 |
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Engineering Consultants |
9.0 |
5 |
|
|
Subsidiary |
Lima, Lima |
Peru |
Consumer Financial Services |
|
5 |
|
|
Branch |
Lahore |
Pakistan |
Consumer Financial Services |
|
5 |
|
|
Joint Venture |
Perth, WA |
Australia |
Chemical Manufacturing |
1.7 |
4 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Rental and Leasing |
|
4 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Electronic Instruments and Controls |
1.0 |
3 |
|
|
Subsidiary |
Vancouver, BC |
Canada |
Investment Services |
|
2 |
|
|
Subsidiary |
Paris |
France |
Miscellaneous Capital Goods |
10.7 |
1 |
|
|
Branch |
Singapore |
Singapore |
Consumer Financial Services |
1,532.5 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Water Transportation |
951.0 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
906.9 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Textiles - Non Apparel |
65.2 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
45.6 |
|
|
|
Subsidiary |
Calamba, Laguna |
Philippines |
Miscellaneous Transportation |
|
20 |
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
29.2 |
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
26.7 |
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
21.8 |
|
|
|
Subsidiary |
Noida, Uttar Pradesh |
India |
Miscellaneous Capital Goods |
2.3 |
|
|
|
Subsidiary |
Paris |
France |
Miscellaneous Capital Goods |
0.9 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
0.7 |
|
|
|
Subsidiary |
Machida, Tokyo |
Japan |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Chiba |
Japan |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Beijing, Beijing |
China |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Alger |
Algeria |
Business Services |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Consumer Financial Services |
|
|
|
|
Branch |
|
Saudi Arabia |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Construction Services |
|
|
|
|
Subsidiary |
|
Yemen |
Personal and Household Products |
|
|
|
|
Branch |
Ha Noi, - - |
Viet Nam |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Kawasaki, Kanagawa |
Japan |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Schaumburg, IL |
United States |
Containers and Packaging |
|
|
|
|
Subsidiary |
Dalian, Liaoning |
China |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Kurihara, Miyagi |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Takasaki, Gunma |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Sydney, NSW |
Australia |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Perth, WA |
Australia |
Investment Services |
|
|
|
|
Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Shanghai |
China |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Wan Chai, Hong Kong |
Hong Kong |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Wanchai |
Hong Kong |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Shiroi, Chiba |
Japan |
Waste Management Services |
|
|
|
|
Subsidiary |
Kochi |
Japan |
Electric Utilities |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Gifu City |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
|
|
|
Branch |
Sapporo |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Sendai |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Nagoya |
Japan |
Aerospace and Defense |
|
|
|
|
Branch |
Fukuoka |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Personal and Household Products |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Insurance (Property and Casualty) |
|
|
|
|
Subsidiary |
Gifu |
Japan |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Chemical Manufacturing |
1,848.5 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Tobacco |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
|
|
|
|
Subsidiary |
Matsuura, Nagasaki |
Japan |
Fish and Livestock |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Kitakyushu, Fukuoka |
Japan |
Construction - Raw Materials |
|
|
|
|
Subsidiary |
Yamagata |
Japan |
Real Estate Operations |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
|
|
|
|
Branch |
Yangon |
Myanmar (Burma) |
Consumer Financial Services |
|
|
|
|
Branch |
Karachi, Karachi |
Pakistan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Las Pinas |
Philippines |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Kiev |
Ukraine |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Barcelona, Edo Anzoatequi |
Venezuela |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Caracas, Distrito Federal |
Venezuela |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Chemical Manufacturing |
|
|
|
|
Facility |
Ho Chi Minh City, Dong Nai |
Viet Nam |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Vung Tau, Ba Ria-Vung Tau |
Viet Nam |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Dong Nai |
Viet Nam |
Metal Mining |
|
|
|
|
Subsidiary |
Ha Long |
Viet Nam |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Danang |
Viet Nam |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Ha Tinh |
Viet Nam |
Construction - Supplies and Fixtures |
|
|
|
|
Branch |
Johannesburg |
South Africa |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Calvert City, KY |
United States |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Toda, Saitama |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Wanchai |
Hong Kong |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Vancouver, BC |
Canada |
Metal Mining |
|
|
|
|
Subsidiary |
Covilha |
Portugal |
Metal Mining |
33.9 |
357 |
|
|
Subsidiary |
Berkeley, CA |
United States |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Dusseldorf, Nordrhein-Westfalen |
Germany |
Electric Utilities |
|
|
|
|
Subsidiary |
Brisbane, QLD |
Australia |
Coal |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Fabricated Plastic and Rubber |
|
|
|
|
EXECUTIVES REPORT
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
Financials in:
USD (mil) |
|
|
Except for
share items (millions) and per share items (actual units) |
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Net Sales |
56,917.0 |
46,849.9 |
41,364.0 |
51,412.8 |
50,489.2 |
|
Revenue |
56,917.0 |
46,849.9 |
41,364.0 |
51,412.8 |
50,489.2 |
|
Total Revenue |
56,917.0 |
46,849.9 |
41,364.0 |
51,412.8 |
50,489.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
54,004.5 |
44,618.1 |
39,462.5 |
49,143.0 |
48,079.4 |
|
Cost of Revenue, Total |
54,004.5 |
44,618.1 |
39,462.5 |
49,143.0 |
48,079.4 |
|
Gross Profit |
2,912.5 |
2,231.9 |
1,901.5 |
2,269.8 |
2,409.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
852.1 |
719.5 |
732.3 |
824.7 |
712.5 |
|
Labor & Related
Expense |
1,091.8 |
950.6 |
880.6 |
869.6 |
778.4 |
|
Total Selling/General/Administrative
Expenses |
1,943.9 |
1,670.1 |
1,612.9 |
1,694.2 |
1,490.8 |
|
Depreciation |
80.8 |
63.9 |
59.2 |
58.9 |
67.6 |
|
Amortization of
Acquisition Costs |
70.7 |
60.0 |
55.7 |
53.0 |
43.2 |
|
Depreciation/Amortization |
151.5 |
123.9 |
115.0 |
111.9 |
110.8 |
|
Restructuring
Charge |
0.0 |
59.5 |
2.6 |
0.5 |
40.4 |
|
Litigation |
29.7 |
- |
- |
- |
- |
|
Impairment-Assets
Held for Use |
77.3 |
113.0 |
101.2 |
120.9 |
61.2 |
|
Impairment-Assets
Held for Sale |
33.7 |
9.3 |
178.0 |
150.6 |
53.2 |
|
Other Unusual
Expense (Income) |
-16.5 |
-114.0 |
-64.6 |
-23.4 |
-41.3 |
|
Unusual Expense (Income) |
124.2 |
67.9 |
217.2 |
248.5 |
113.5 |
|
Total Operating Expense |
56,224.1 |
46,479.9 |
41,407.6 |
51,197.7 |
49,794.5 |
|
|
|
|
|
|
|
|
Operating Income |
693.0 |
370.1 |
-43.6 |
215.1 |
694.6 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-306.7 |
-279.3 |
-279.6 |
-293.1 |
-291.2 |
|
Interest Expense,
Net Non-Operating |
-306.7 |
-279.3 |
-279.6 |
-293.1 |
-291.2 |
|
Interest
Income - Non-Operating |
75.9 |
50.3 |
49.8 |
95.5 |
120.0 |
|
Investment
Income - Non-Operating |
304.4 |
229.2 |
415.3 |
318.1 |
248.8 |
|
Interest/Investment
Income - Non-Operating |
380.3 |
279.5 |
465.2 |
413.6 |
368.8 |
|
Interest Income (Expense) - Net
Non-Operating Total |
73.6 |
0.1 |
185.6 |
120.5 |
77.6 |
|
Gain (Loss) on Sale of Assets |
30.3 |
41.5 |
10.7 |
74.0 |
-2.5 |
|
Other Non-Operating
Income (Expense) |
-18.6 |
47.2 |
50.7 |
-40.6 |
3.3 |
|
Other, Net |
-18.6 |
47.2 |
50.7 |
-40.6 |
3.3 |
|
Income Before Tax |
778.3 |
458.9 |
203.4 |
369.0 |
773.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
789.0 |
239.3 |
89.0 |
166.6 |
194.1 |
|
Income After Tax |
-10.8 |
219.6 |
114.4 |
202.4 |
578.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-35.4 |
-33.0 |
-19.7 |
-13.2 |
-30.3 |
|
Net Income Before Extraord Items |
-46.2 |
186.6 |
94.7 |
189.2 |
548.6 |
|
Net Income |
-46.2 |
186.6 |
94.7 |
189.2 |
548.6 |
|
|
|
|
|
|
|
|
Preferred Dividends |
- |
0.0 |
-0.1 |
-0.2 |
-0.2 |
|
Miscellaneous
Earnings Adjustment |
- |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Total Adjustments to Net Income |
- |
-0.1 |
-0.2 |
-0.3 |
-0.3 |
|
Income Available to Common Excl Extraord
Items |
-46.2 |
186.5 |
94.5 |
188.9 |
548.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord
Items |
-46.2 |
186.5 |
94.5 |
188.9 |
548.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,251.0 |
1,251.1 |
1,241.3 |
1,233.5 |
1,205.7 |
|
Basic EPS Excl Extraord Items |
-0.04 |
0.15 |
0.08 |
0.15 |
0.45 |
|
Basic/Primary EPS Incl Extraord Items |
-0.04 |
0.15 |
0.08 |
0.15 |
0.45 |
|
Dilution Adjustment |
0.0 |
-0.1 |
0.1 |
0.2 |
0.1 |
|
Diluted Net Income |
-46.2 |
186.4 |
94.6 |
189.1 |
548.4 |
|
Diluted Weighted Average Shares |
1,251.0 |
1,251.1 |
1,245.5 |
1,240.9 |
1,240.5 |
|
Diluted EPS Excl Extraord Items |
-0.04 |
0.15 |
0.08 |
0.15 |
0.44 |
|
Diluted EPS Incl Extraord Items |
-0.04 |
0.15 |
0.08 |
0.15 |
0.44 |
|
Dividends per Share - Common Stock Primary
Issue |
0.04 |
0.04 |
0.03 |
0.05 |
0.07 |
|
Gross Dividends - Common Stock |
47.5 |
43.8 |
33.2 |
67.5 |
86.3 |
|
Interest Expense, Supplemental |
306.7 |
279.3 |
279.6 |
293.1 |
291.2 |
|
Depreciation, Supplemental |
421.6 |
281.2 |
249.6 |
265.7 |
252.3 |
|
Total Special Items |
157.2 |
79.5 |
254.3 |
225.5 |
147.2 |
|
Normalized Income Before Tax |
935.4 |
538.4 |
457.7 |
594.5 |
920.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
32.9 |
13.8 |
90.3 |
78.8 |
29.1 |
|
Inc Tax Ex Impact of Sp Items |
821.9 |
253.0 |
179.3 |
245.4 |
223.2 |
|
Normalized Income After Tax |
113.5 |
285.3 |
278.4 |
349.2 |
697.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
78.1 |
252.2 |
258.5 |
335.6 |
666.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.06 |
0.20 |
0.21 |
0.27 |
0.55 |
|
Diluted Normalized EPS |
0.06 |
0.20 |
0.21 |
0.27 |
0.54 |
|
Amort of Acquisition Costs, Supplemental |
63.3 |
53.1 |
47.8 |
50.9 |
31.2 |
|
Rental Expenses |
154.9 |
137.1 |
136.9 |
135.7 |
113.8 |
|
Reported Operating Profit |
817.1 |
437.8 |
173.5 |
517.6 |
808.1 |
|
Reported Ordinary Profit |
788.1 |
528.8 |
147.4 |
334.7 |
887.8 |
|
Normalized EBIT |
817.1 |
437.9 |
173.6 |
463.7 |
808.1 |
|
Normalized EBITDA |
1,302.0 |
772.2 |
471.0 |
780.3 |
1,091.7 |
|
Current Tax - Total |
234.1 |
- |
- |
- |
- |
|
Current Tax - Total |
234.1 |
- |
- |
- |
- |
|
Deferred Tax -
Total |
555.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
555.0 |
- |
- |
- |
- |
|
Income Tax - Total |
789.0 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
5.9 |
4.6 |
4.3 |
3.9 |
2.2 |
|
Service Cost - Domestic |
31.0 |
30.2 |
22.6 |
29.0 |
23.3 |
|
Prior Service Cost - Domestic |
-0.5 |
-0.5 |
-0.4 |
0.0 |
0.0 |
|
Expected Return on Assets - Domestic |
-1.7 |
-3.0 |
-3.5 |
-3.0 |
-0.9 |
|
Actuarial Gains and Losses - Domestic |
5.1 |
8.0 |
4.0 |
-1.0 |
-4.7 |
|
Transition Costs - Domestic |
0.1 |
0.1 |
0.1 |
-0.4 |
0.3 |
|
Other Pension, Net - Domestic |
- |
- |
- |
11.4 |
2.4 |
|
Domestic Pension Plan Expense |
39.9 |
39.5 |
27.1 |
39.9 |
22.5 |
|
Defined Contribution Expense - Domestic |
16.0 |
13.0 |
13.3 |
- |
- |
|
Total Pension Expense |
55.9 |
52.6 |
40.4 |
39.9 |
22.5 |
|
Discount Rate - Domestic |
1.50% |
1.40% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
5.9 |
4.6 |
4.3 |
3.9 |
2.2 |
|
Total Plan Service Cost |
31.0 |
30.2 |
22.6 |
29.0 |
23.3 |
|
Total Plan Expected Return |
-1.7 |
-3.0 |
-3.5 |
-3.0 |
-0.9 |
|
Total Plan Other Expense |
- |
- |
- |
11.4 |
2.4 |
|
|
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Cash &
Equivalents |
5,373.6 |
5,015.6 |
4,877.2 |
4,268.8 |
3,819.7 |
|
Short Term
Investments |
15.7 |
65.6 |
65.6 |
21.5 |
92.2 |
|
Cash and Short Term Investments |
5,389.3 |
5,081.2 |
4,942.8 |
4,290.3 |
3,911.9 |
|
Accounts
Receivable - Trade, Gross |
5,956.3 |
5,778.0 |
4,946.8 |
5,289.0 |
6,947.2 |
|
Provision
for Doubtful Accounts |
-67.8 |
-88.6 |
-97.3 |
-104.4 |
-139.3 |
|
Trade Accounts
Receivable - Net |
5,888.5 |
5,689.3 |
4,849.6 |
5,184.6 |
6,807.9 |
|
Notes Receivable -
Short Term |
68.8 |
102.8 |
85.0 |
94.9 |
116.6 |
|
Total Receivables, Net |
5,957.3 |
5,792.1 |
4,934.6 |
5,279.5 |
6,924.5 |
|
Inventories -
Finished Goods |
2,483.3 |
2,718.9 |
2,466.1 |
3,563.8 |
3,960.9 |
|
Inventories - Raw
Materials |
223.4 |
215.6 |
194.7 |
312.8 |
280.4 |
|
Inventories - Other |
578.4 |
- |
- |
- |
- |
|
Total Inventory |
3,285.1 |
2,934.5 |
2,660.8 |
3,876.7 |
4,241.3 |
|
Deferred Income Tax
- Current Asset |
55.6 |
185.8 |
144.3 |
160.2 |
192.7 |
|
Other Current
Assets |
1,069.8 |
1,289.0 |
1,072.5 |
1,308.5 |
1,567.3 |
|
Other Current Assets, Total |
1,125.3 |
1,474.8 |
1,216.8 |
1,468.6 |
1,760.0 |
|
Total Current Assets |
15,757.1 |
15,282.6 |
13,755.1 |
14,915.1 |
16,837.7 |
|
|
|
|
|
|
|
|
Buildings |
1,409.0 |
1,345.8 |
1,205.0 |
1,023.4 |
1,126.9 |
|
Land/Improvements |
648.5 |
665.0 |
614.7 |
507.8 |
566.6 |
|
Machinery/Equipment |
2,039.6 |
1,911.9 |
1,816.0 |
1,633.8 |
1,815.7 |
|
Construction
in Progress |
317.6 |
231.4 |
127.2 |
108.4 |
71.7 |
|
Other
Property/Plant/Equipment |
272.3 |
250.1 |
174.5 |
141.0 |
197.4 |
|
Property/Plant/Equipment
- Gross |
4,687.0 |
4,404.1 |
3,937.4 |
3,414.5 |
3,778.3 |
|
Accumulated
Depreciation |
-1,855.7 |
-1,800.7 |
-1,554.4 |
-1,291.2 |
-1,447.3 |
|
Property/Plant/Equipment - Net |
2,831.3 |
2,603.5 |
2,383.0 |
2,123.3 |
2,331.0 |
|
Goodwill, Net |
541.5 |
621.1 |
581.2 |
614.4 |
657.7 |
|
Intangibles, Net |
969.7 |
978.8 |
643.6 |
548.4 |
681.9 |
|
LT Investment -
Affiliate Companies |
2,644.7 |
2,773.0 |
- |
- |
- |
|
LT Investments -
Other |
1,659.7 |
1,765.2 |
4,078.9 |
3,558.4 |
4,832.4 |
|
Long Term Investments |
4,304.4 |
4,538.2 |
4,078.9 |
3,558.4 |
4,832.4 |
|
Note Receivable - Long Term |
1,099.5 |
1,126.2 |
1,214.4 |
1,217.8 |
1,470.8 |
|
Deferred Charges |
3.2 |
3.4 |
4.7 |
14.3 |
25.4 |
|
Deferred Income Tax
- Long Term Asset |
272.4 |
638.0 |
657.4 |
649.4 |
312.0 |
|
Other Long Term
Assets |
-39.1 |
-249.4 |
-192.0 |
-223.7 |
-330.9 |
|
Other Long Term Assets, Total |
236.6 |
392.0 |
470.1 |
440.0 |
6.5 |
|
Total Assets |
25,740.0 |
25,542.3 |
23,126.2 |
23,417.5 |
26,818.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
5,605.4 |
5,007.0 |
4,039.7 |
4,240.3 |
5,817.0 |
|
Accrued Expenses |
75.9 |
70.5 |
58.8 |
55.7 |
77.2 |
|
Notes Payable/Short Term Debt |
3,453.6 |
1,435.0 |
1,995.8 |
3,916.6 |
3,164.7 |
|
Current Portion - Long Term Debt/Capital
Leases |
424.8 |
2,315.3 |
1,296.8 |
426.6 |
2,836.3 |
|
Income Taxes
Payable |
107.4 |
79.5 |
63.7 |
73.2 |
82.8 |
|
Deferred Income Tax
- Current Liability |
1.1 |
1.8 |
0.5 |
6.0 |
0.5 |
|
Other Current
Liabilities |
1,831.7 |
1,835.9 |
1,550.9 |
1,809.6 |
1,920.5 |
|
Other Current liabilities, Total |
1,940.2 |
1,917.2 |
1,615.0 |
1,888.8 |
2,003.9 |
|
Total Current Liabilities |
11,499.9 |
10,745.0 |
9,006.1 |
10,528.0 |
13,899.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
9,358.7 |
9,732.7 |
9,490.0 |
8,686.7 |
7,050.6 |
|
Capital Lease
Obligations |
- |
35.7 |
21.6 |
- |
- |
|
Total Long Term Debt |
9,358.7 |
9,768.4 |
9,511.6 |
8,686.7 |
7,050.6 |
|
Total Debt |
13,237.1 |
13,518.6 |
12,804.1 |
13,029.8 |
13,051.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax
- LT Liability |
258.4 |
238.7 |
167.9 |
167.8 |
179.6 |
|
Deferred Income Tax |
258.4 |
238.7 |
167.9 |
167.8 |
179.6 |
|
Minority Interest |
298.2 |
307.4 |
267.4 |
369.7 |
445.0 |
|
Pension Benefits -
Underfunded |
180.6 |
168.5 |
152.1 |
172.6 |
204.6 |
|
Other Long Term
Liabilities |
431.1 |
332.4 |
249.6 |
263.2 |
256.7 |
|
Other Liabilities, Total |
611.7 |
500.9 |
401.7 |
435.8 |
461.3 |
|
Total Liabilities |
22,026.8 |
21,560.4 |
19,354.6 |
20,187.9 |
22,035.6 |
|
|
|
|
|
|
|
|
Redeemable
Convertible Preferred Stock |
- |
- |
0.0 |
30.4 |
30.1 |
|
Redeemable Preferred Stock |
- |
- |
0.0 |
30.4 |
30.1 |
|
Common Stock |
1,946.2 |
1,934.6 |
1,716.0 |
1,608.2 |
1,595.8 |
|
Common Stock |
1,946.2 |
1,934.6 |
1,716.0 |
1,608.2 |
1,595.8 |
|
Additional Paid-In Capital |
1,846.9 |
1,835.9 |
1,628.4 |
1,525.4 |
1,513.6 |
|
Retained Earnings (Accumulated Deficit) |
1,841.4 |
1,922.8 |
1,567.7 |
1,439.3 |
1,399.1 |
|
Treasury Stock - Common |
-2.2 |
-2.1 |
-1.8 |
-1.7 |
-1.5 |
|
Unrealized Gain (Loss) |
67.6 |
148.7 |
162.1 |
59.1 |
593.7 |
|
Translation
Adjustment |
-1,986.8 |
-1,857.9 |
-1,300.8 |
-1,431.0 |
-348.5 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-1,986.8 |
-1,857.9 |
-1,300.8 |
-1,431.0 |
-348.5 |
|
Total Equity |
3,713.1 |
3,982.0 |
3,771.6 |
3,229.6 |
4,782.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’
Equity |
25,740.0 |
25,542.4 |
23,126.2 |
23,417.5 |
26,818.2 |
|
|
|
|
|
|
|
|
Shares Outstanding
- Common Stock Primary Issue |
1,251.0 |
1,251.1 |
1,251.1 |
1,233.5 |
1,233.6 |
|
Total Common Shares Outstanding |
1,251.0 |
1,251.1 |
1,251.1 |
1,233.5 |
1,233.6 |
|
Treasury Shares - Common Stock Primary
Issue |
0.5 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Shares Outstanding
- Preferred Stock Primary Issue |
- |
- |
0.0 |
1.5 |
1.5 |
|
Shares Outstanding
- Preferred Stock Issue 2 |
- |
- |
- |
- |
0.0 |
|
Total Preferred Stock Outstanding |
- |
- |
0.0 |
1.5 |
1.5 |
|
Employees |
17,039 |
16,456 |
17,331 |
17,524 |
18,440 |
|
Number of Common Shareholders |
184,536 |
193,291 |
199,503 |
204,843 |
175,453 |
|
Total Long Term Debt, Supplemental |
11,662.8 |
12,244.1 |
10,777.3 |
- |
9,886.8 |
|
Long Term Debt Maturing within 1 Year |
2,425.5 |
2,511.5 |
1,287.3 |
- |
2,836.3 |
|
Long Term Debt Maturing in Year 2 |
2,974.3 |
3,127.6 |
2,713.0 |
- |
1,662.1 |
|
Long Term Debt Maturing in Year 3 |
2,078.6 |
2,891.3 |
2,623.9 |
- |
2,026.0 |
|
Long Term Debt Maturing in Year 4 |
2,001.9 |
1,699.9 |
2,087.1 |
- |
1,136.6 |
|
Long Term Debt Maturing in Year 5 |
1,438.4 |
1,461.8 |
1,396.9 |
- |
1,525.4 |
|
Long Term Debt Maturing in 2-3 Years |
5,052.9 |
6,018.9 |
5,336.8 |
- |
3,688.1 |
|
Long Term Debt Maturing in 4-5 Years |
3,440.3 |
3,161.7 |
3,484.0 |
- |
2,661.9 |
|
Long Term Debt Matur. in Year 6 &
Beyond |
744.1 |
552.2 |
669.2 |
- |
700.5 |
|
Total Capital Leases, Supplemental |
56.5 |
49.7 |
31.1 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
18.8 |
14.0 |
9.5 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
18.6 |
11.0 |
8.8 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
8.8 |
13.6 |
6.3 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
4.5 |
5.2 |
4.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
2.7 |
1.9 |
2.2 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
27.4 |
24.6 |
15.1 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
7.2 |
7.1 |
6.3 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 &
Beyond |
3.1 |
4.0 |
0.1 |
- |
- |
|
Pension Obligation - Domestic |
233.4 |
222.5 |
213.5 |
234.7 |
303.0 |
|
Plan Assets - Domestic |
52.0 |
58.3 |
66.5 |
61.7 |
61.4 |
|
Funded Status - Domestic |
-181.4 |
-164.2 |
-147.0 |
-173.0 |
-241.6 |
|
Total Funded Status |
-181.4 |
-164.2 |
-147.0 |
-173.0 |
-241.6 |
|
Discount Rate - Domestic |
1.50% |
1.40% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Prepaid Benefits - Domestic |
2.5 |
2.1 |
3.4 |
2.5 |
4.1 |
|
Accrued Liabilities - Domestic |
-172.7 |
-158.5 |
-142.1 |
-163.8 |
-195.0 |
|
Other Assets, Net - Domestic |
11.2 |
7.8 |
8.3 |
11.7 |
50.6 |
|
Net Assets Recognized on Balance Sheet |
-159.1 |
-148.7 |
-130.5 |
-149.5 |
-140.3 |
|
Total Plan Obligations |
233.4 |
222.5 |
213.5 |
234.7 |
303.0 |
|
Total Plan Assets |
52.0 |
58.3 |
66.5 |
61.7 |
61.4 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
778.3 |
458.8 |
203.3 |
368.9 |
772.9 |
|
Depreciation |
421.6 |
281.2 |
249.6 |
265.7 |
252.3 |
|
Depreciation/Depletion |
421.6 |
281.2 |
249.6 |
265.7 |
252.3 |
|
Amortization of
Acquisition Costs |
63.3 |
53.1 |
47.8 |
50.9 |
31.2 |
|
Amortization |
63.3 |
53.1 |
47.8 |
50.9 |
31.2 |
|
Unusual Items |
-39.7 |
-57.9 |
-79.8 |
-91.5 |
35.9 |
|
Equity in Net
Earnings (Loss) |
-159.1 |
-225.2 |
-98.8 |
-24.4 |
-252.9 |
|
Other Non-Cash
Items |
-4.3 |
256.4 |
77.5 |
-11.2 |
-205.0 |
|
Non-Cash Items |
-203.1 |
-26.7 |
-101.1 |
-127.1 |
-422.1 |
|
Accounts Receivable |
-252.1 |
-353.9 |
615.7 |
1,174.7 |
-228.6 |
|
Inventories |
-322.9 |
-81.7 |
867.4 |
106.5 |
-949.3 |
|
Accounts Payable |
602.4 |
611.1 |
-501.1 |
-1,076.0 |
482.5 |
|
Other Operating
Cash Flow |
72.6 |
-150.0 |
-227.9 |
271.6 |
379.1 |
|
Changes in Working Capital |
100.0 |
25.6 |
754.0 |
476.8 |
-316.3 |
|
Cash from Operating Activities |
1,160.0 |
791.9 |
1,153.7 |
1,035.2 |
318.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed
Assets |
-452.7 |
-318.0 |
-228.0 |
-435.1 |
-353.0 |
|
Purchase/Acquisition
of Intangibles |
-110.2 |
-247.3 |
-78.2 |
-217.2 |
0.0 |
|
Capital Expenditures |
-562.8 |
-565.4 |
-306.1 |
-652.2 |
-353.0 |
|
Acquisition of
Business |
-38.6 |
24.4 |
-0.3 |
-56.0 |
-72.3 |
|
Sale of Fixed
Assets |
169.9 |
77.7 |
58.6 |
163.7 |
69.7 |
|
Sale/Maturity of
Investment |
245.7 |
166.0 |
711.2 |
516.7 |
352.0 |
|
Investment, Net |
-132.0 |
61.2 |
-0.1 |
52.6 |
-4.0 |
|
Purchase of
Investments |
-127.0 |
-240.9 |
-205.5 |
-349.3 |
-420.1 |
|
Other Investing Cash
Flow |
-90.8 |
244.7 |
48.2 |
153.4 |
-173.5 |
|
Other Investing Cash Flow Items, Total |
27.3 |
333.1 |
612.1 |
481.1 |
-248.2 |
|
Cash from Investing Activities |
-535.5 |
-232.3 |
306.0 |
-171.2 |
-601.2 |
|
|
|
|
|
|
|
|
Other Financing
Cash Flow |
-32.2 |
-32.5 |
-22.5 |
-24.3 |
-907.3 |
|
Financing Cash Flow Items |
-32.2 |
-32.5 |
-22.5 |
-24.3 |
-907.3 |
|
Cash Dividends Paid
- Common |
-47.5 |
-21.9 |
-46.7 |
-110.7 |
-107.8 |
|
Total Cash Dividends Paid |
-47.5 |
-21.9 |
-46.7 |
-110.7 |
-107.8 |
|
Repurchase/Retirement
of Common |
-0.1 |
0.0 |
0.0 |
-0.2 |
-0.2 |
|
Common Stock, Net |
-0.1 |
0.0 |
0.0 |
-0.2 |
-0.2 |
|
Issuance (Retirement) of Stock, Net |
-0.1 |
0.0 |
0.0 |
-0.2 |
-0.2 |
|
Short Term Debt,
Net |
43.5 |
-673.2 |
-716.8 |
-470.4 |
-343.5 |
|
Long
Term Debt Issued |
2,125.9 |
2,181.6 |
2,635.1 |
3,625.0 |
2,253.3 |
|
Long
Term Debt Reduction |
-2,550.2 |
-2,294.9 |
-2,953.0 |
-3,078.6 |
-1,364.6 |
|
Long Term Debt, Net |
-424.3 |
-113.2 |
-317.9 |
546.4 |
888.7 |
|
Issuance (Retirement) of Debt, Net |
-380.8 |
-786.4 |
-1,034.7 |
75.9 |
545.2 |
|
Cash from Financing Activities |
-460.7 |
-840.8 |
-1,103.9 |
-59.3 |
-470.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-11.7 |
-168.9 |
73.4 |
-401.4 |
-37.5 |
|
Net Change in Cash |
152.1 |
-450.0 |
429.2 |
403.4 |
-790.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
5,259.1 |
5,296.0 |
4,458.4 |
3,720.8 |
4,061.8 |
|
Net Cash - Ending Balance |
5,411.2 |
4,846.0 |
4,887.6 |
4,124.2 |
3,271.0 |
|
Cash Interest Paid |
302.5 |
280.2 |
283.8 |
288.8 |
292.3 |
|
Cash Taxes Paid |
210.1 |
126.0 |
112.9 |
182.6 |
175.9 |
|
Financials in:
USD (mil) |
|
|
Except for
share items (millions) and per share items (actual units) |
|
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Net sales |
56,917.0 |
46,849.9 |
41,364.0 |
51,412.8 |
50,489.2 |
|
Total Revenue |
56,917.0 |
46,849.9 |
41,364.0 |
51,412.8 |
50,489.2 |
|
|
|
|
|
|
|
|
Cost of goods sold |
53,984.4 |
44,600.9 |
39,446.7 |
49,068.0 |
48,059.4 |
|
Other
Selling/General/Admin. Expense |
0.1 |
- |
- |
- |
- |
|
Directors''
compensations, employees'' s |
751.2 |
657.1 |
611.4 |
596.9 |
529.9 |
|
Employees'' bonuses |
80.6 |
68.4 |
61.7 |
90.9 |
66.8 |
|
Bonus Allow. |
70.2 |
59.4 |
52.5 |
48.0 |
67.2 |
|
Accrd. Retirement |
49.3 |
49.2 |
38.6 |
34.3 |
23.8 |
|
Welfare Pension |
140.6 |
116.5 |
116.4 |
99.4 |
90.6 |
|
Travel |
92.5 |
76.5 |
70.1 |
93.8 |
86.9 |
|
Rent Exp. |
154.9 |
137.1 |
136.9 |
135.7 |
113.8 |
|
Communication |
34.4 |
29.9 |
25.9 |
29.1 |
27.7 |
|
Tax & Dues |
38.9 |
29.7 |
31.5 |
33.9 |
31.0 |
|
Entertainment |
20.1 |
17.2 |
15.9 |
21.0 |
20.0 |
|
Commission Fee |
143.8 |
129.3 |
124.2 |
160.7 |
144.8 |
|
Depreciation |
80.8 |
63.9 |
59.2 |
58.9 |
67.6 |
|
Allow Doubtful
Accounts |
13.9 |
7.2 |
58.4 |
53.6 |
35.1 |
|
Amort. Consoli.
Adjustment |
70.7 |
60.0 |
55.7 |
53.0 |
43.2 |
|
Other SG&A |
373.6 |
309.8 |
285.2 |
317.9 |
273.2 |
|
Retirement benefit
expenses |
1.3 |
- |
- |
- |
- |
|
SP Gain on negative
goodwill |
-15.3 |
-4.7 |
0.0 |
- |
- |
|
SP Gain on step
acquisitions |
-2.5 |
-120.3 |
0.0 |
- |
- |
|
SP Rev. Allowance
for Doubtful Accounts |
0.0 |
-14.8 |
-34.9 |
-22.3 |
-39.7 |
|
SP Inflation
accting adjustments |
- |
0.0 |
-29.6 |
0.0 |
- |
|
SP Gain on bad
debts recovered |
0.0 |
-0.7 |
-0.1 |
-1.1 |
-1.5 |
|
SP Assets
impairment losses |
77.3 |
113.0 |
101.2 |
120.9 |
61.2 |
|
Loss on sales of
real estate for investm |
0.2 |
- |
- |
- |
- |
|
Loss on valuation
of investment securiti |
33.4 |
9.3 |
178.0 |
150.6 |
53.2 |
|
Restructuring
losses |
0.0 |
59.5 |
2.6 |
0.5 |
40.4 |
|
SP L-adjust. for
change of acct. assets |
0.0 |
11.2 |
0.0 |
- |
- |
|
Loss on litigation
etc |
29.7 |
- |
- |
- |
- |
|
SP Loss on disaster |
0.0 |
15.3 |
0.0 |
- |
- |
|
SP L on val. of inventories |
- |
- |
0.0 |
53.9 |
0.0 |
|
SP Special
Severance |
- |
- |
- |
- |
0.0 |
|
SP Retirement
Benefits |
- |
- |
- |
- |
0.0 |
|
Total Operating Expense |
56,224.1 |
46,479.9 |
41,407.6 |
51,197.7 |
49,794.5 |
|
|
|
|
|
|
|
|
SP Sale Gain Fixed
Assets |
40.7 |
56.8 |
15.5 |
67.7 |
10.4 |
|
Gain on sales of
real estate for investm |
0.0 |
5.2 |
0.0 |
- |
- |
|
Foreign Exchange
Losses |
-1.8 |
- |
- |
- |
- |
|
Loss On Sales Of
Equity Investment Witho |
-0.1 |
- |
- |
- |
- |
|
SP G on sale of
inv't in closely-held |
7.0 |
0.1 |
4.6 |
- |
- |
|
SP Sale Gain Inv.
Secs. |
114.5 |
18.4 |
357.4 |
306.2 |
84.0 |
|
SP Gain Sale
Contribution Investment |
- |
- |
- |
0.0 |
1.5 |
|
SP Gains on equity
changes |
0.3 |
1.6 |
1.0 |
0.3 |
1.1 |
|
SP Gain Sale
Special Foreign Receivable |
- |
- |
- |
0.0 |
0.3 |
|
SP G on Liquidation
of Affiliates |
- |
- |
0.0 |
11.6 |
0.0 |
|
SP L on sale of inv't
in closely-held |
- |
0.0 |
0.0 |
0.0 |
- |
|
SP L on sale of
contribution invest. |
- |
- |
- |
0.0 |
0.0 |
|
Loss on retirement
of noncurrent assets |
-10.4 |
-5.6 |
-4.8 |
-5.4 |
-12.9 |
|
Loss on sales of
real estate for investm |
- |
-9.7 |
0.0 |
- |
- |
|
SP Sale Loss Inv.
Secs. |
-1.5 |
-1.5 |
-12.6 |
-5.6 |
-5.8 |
|
SP L on equity
changes |
-2.6 |
-10.8 |
-2.3 |
-0.8 |
-0.2 |
|
Loss, and provision
for loss, on dissolu |
-33.5 |
-56.7 |
-85.7 |
-37.3 |
-79.7 |
|
NOP Interest Income |
75.9 |
50.3 |
49.8 |
95.5 |
120.0 |
|
NOP Dividend Income |
63.0 |
47.6 |
54.2 |
83.1 |
43.8 |
|
NOP Equity in
Affili/Inc |
159.1 |
225.2 |
98.8 |
24.4 |
252.9 |
|
NOP Sale Investment
Securities |
- |
- |
- |
0.0 |
0.5 |
|
Other Non-Operating
Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP Rcpt. of breach
of contract penalty |
- |
5.9 |
40.9 |
0.0 |
- |
|
NOP Other Income |
172.3 |
184.2 |
157.0 |
95.3 |
117.3 |
|
NOP Interest
Expense |
-306.6 |
-279.1 |
-277.7 |
-290.0 |
-289.6 |
|
NOP Commercial
Paper Interest |
-0.1 |
-0.2 |
-1.9 |
-3.0 |
-1.6 |
|
NOP Foreign
exchange losses |
- |
- |
- |
-52.2 |
-49.6 |
|
NOP Other Expense |
-190.9 |
-142.8 |
-147.2 |
-135.9 |
-114.0 |
|
Net Income Before Taxes |
778.3 |
458.9 |
203.4 |
369.0 |
773.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
789.0 |
239.3 |
89.0 |
166.6 |
194.1 |
|
Net Income After Taxes |
-10.8 |
219.6 |
114.4 |
202.4 |
578.9 |
|
|
|
|
|
|
|
|
Minority interests
in income |
-35.4 |
-33.0 |
-19.7 |
-13.2 |
-30.3 |
|
Net Income Before Extra. Items |
-46.2 |
186.6 |
94.7 |
189.2 |
548.6 |
|
Net Income |
-46.2 |
186.6 |
94.7 |
189.2 |
548.6 |
|
|
|
|
|
|
|
|
Preferred dividends |
- |
0.0 |
-0.1 |
-0.2 |
-0.2 |
|
Adjustment |
- |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
-46.2 |
186.5 |
94.5 |
188.9 |
548.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-46.2 |
186.5 |
94.5 |
188.9 |
548.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,251.0 |
1,251.1 |
1,241.3 |
1,233.5 |
1,205.7 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.04 |
0.15 |
0.08 |
0.15 |
0.45 |
|
Basic EPS Including ExtraOrdinary Item |
-0.04 |
0.15 |
0.08 |
0.15 |
0.45 |
|
Dilution Adjustment |
0.0 |
-0.1 |
0.1 |
0.2 |
0.1 |
|
Diluted Net Income |
-46.2 |
186.4 |
94.6 |
189.1 |
548.4 |
|
Diluted Weighted Average Shares |
1,251.0 |
1,251.1 |
1,245.5 |
1,240.9 |
1,240.5 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.04 |
0.15 |
0.08 |
0.15 |
0.44 |
|
Diluted EPS Including ExtraOrd Items |
-0.04 |
0.15 |
0.08 |
0.15 |
0.44 |
|
DPS-Common Stock |
0.04 |
0.04 |
0.03 |
0.05 |
0.07 |
|
Gross Dividends - Common Stock |
47.5 |
43.8 |
33.2 |
67.5 |
86.3 |
|
Normalized Income Before Taxes |
935.4 |
538.4 |
457.7 |
594.5 |
920.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
821.9 |
253.0 |
179.3 |
245.4 |
223.2 |
|
Normalized Income After Taxes |
113.5 |
285.3 |
278.4 |
349.2 |
697.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
78.1 |
252.2 |
258.5 |
335.6 |
666.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.06 |
0.20 |
0.21 |
0.27 |
0.55 |
|
Diluted Normalized EPS |
0.06 |
0.20 |
0.21 |
0.27 |
0.54 |
|
Rental Expenses |
154.9 |
137.1 |
136.9 |
135.7 |
113.8 |
|
Interest Expense |
306.6 |
279.1 |
277.7 |
290.0 |
289.6 |
|
Interest Expense-Commercial Paper |
0.1 |
0.2 |
1.9 |
3.0 |
1.6 |
|
Amortization Of Goodwill |
63.3 |
- |
- |
- |
- |
|
Amort of Goodwill |
- |
53.1 |
47.8 |
50.9 |
31.2 |
|
Depreciation |
421.6 |
- |
- |
- |
- |
|
Depreciation |
- |
281.2 |
249.6 |
265.7 |
252.3 |
|
Income
taxes-current |
234.1 |
- |
- |
- |
- |
|
Current Tax - Total |
234.1 |
- |
- |
- |
- |
|
Income
taxes-deferred |
555.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
555.0 |
- |
- |
- |
- |
|
Income Tax - Total |
789.0 |
- |
- |
- |
- |
|
Reported Operating Profit |
817.1 |
437.8 |
173.5 |
517.6 |
808.1 |
|
Reported Ordinary Profit |
788.1 |
528.8 |
147.4 |
334.7 |
887.8 |
|
Service Cost |
31.0 |
30.2 |
22.6 |
29.0 |
23.3 |
|
Interest Cost |
5.9 |
4.6 |
4.3 |
3.9 |
2.2 |
|
Other Pension Cost |
- |
- |
- |
11.4 |
2.4 |
|
Expected Rate of Return |
-1.7 |
-3.0 |
-3.5 |
-3.0 |
-0.9 |
|
Pension Exp. due to Acct. Changes |
0.1 |
0.1 |
0.1 |
-0.4 |
0.3 |
|
Actuarial Gains and Losses |
5.1 |
8.0 |
4.0 |
-1.0 |
-4.7 |
|
Prior Service Cost |
-0.5 |
-0.5 |
-0.4 |
0.0 |
0.0 |
|
Domestic Pension Plan Expense |
39.9 |
39.5 |
27.1 |
39.9 |
22.5 |
|
Defined Contribution Expense |
16.0 |
- |
- |
- |
- |
|
Defined Contribution Expense - Domestic |
- |
13.0 |
13.3 |
- |
- |
|
Total Pension Expense |
55.9 |
52.6 |
40.4 |
39.9 |
22.5 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
1.50% |
- |
- |
- |
- |
|
Discount Rate |
- |
1.40% |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
2.00% |
- |
- |
- |
- |
|
Expected Rate of Return |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Cash/Equivalents |
5,373.6 |
5,015.6 |
4,877.2 |
4,268.8 |
3,819.7 |
|
Notes and accounts
receivable-trade |
5,956.3 |
5,778.0 |
4,946.8 |
5,289.0 |
6,947.2 |
|
Short-term
investment securities |
15.7 |
65.6 |
65.6 |
21.5 |
92.2 |
|
Other Total
Inventory |
0.0 |
- |
- |
- |
- |
|
Finished Goods and
Merchandise |
2,483.3 |
- |
- |
- |
- |
|
Inventories -
mrchnds. & fnd. goods |
- |
2,149.5 |
1,888.4 |
2,287.3 |
2,834.9 |
|
Inventories - real
est. held for sale |
- |
569.4 |
577.7 |
1,276.5 |
1,125.9 |
|
Raw Materials and
Supplies |
223.4 |
- |
- |
- |
- |
|
Inventories - raw
materials & supplies |
- |
215.6 |
194.7 |
312.8 |
280.4 |
|
Short-term loans
receivable |
68.8 |
102.8 |
85.0 |
94.9 |
116.6 |
|
Drfd. Taxes |
55.6 |
185.8 |
144.3 |
160.2 |
192.7 |
|
Rounding adjustment
Assets |
0.0 |
- |
- |
- |
- |
|
Other Current
Assets |
1,069.8 |
1,289.0 |
1,072.5 |
1,308.5 |
1,567.3 |
|
Allowance for
Doubtful Account |
-67.8 |
-88.6 |
-97.3 |
-104.4 |
-139.3 |
|
Real Estate for
Sale |
578.4 |
- |
- |
- |
- |
|
Total Current Assets |
15,757.1 |
15,282.6 |
13,755.1 |
14,915.1 |
16,837.7 |
|
|
|
|
|
|
|
|
Buildings &
Structures |
1,409.0 |
1,345.8 |
1,205.0 |
1,023.4 |
1,126.9 |
|
Accumulated
depreciation |
-697.4 |
-661.2 |
-549.7 |
-448.7 |
-488.7 |
|
Machinery,
equipment and vehicles |
2,039.6 |
1,911.9 |
1,816.0 |
1,633.8 |
1,815.7 |
|
Accumulated
depreciation |
-993.0 |
-989.1 |
-887.2 |
-746.3 |
-843.4 |
|
Land |
648.5 |
665.0 |
614.7 |
507.8 |
566.6 |
|
Construction in
Progress |
317.6 |
231.4 |
127.2 |
108.4 |
71.7 |
|
Other PPE |
272.3 |
250.1 |
174.5 |
141.0 |
197.4 |
|
Accumulated
depreciation |
-165.3 |
-150.4 |
-117.5 |
-96.1 |
-115.3 |
|
Other Buildings,
Net |
0.0 |
- |
- |
- |
- |
|
Other Other
Tangible Fixed Assets, Net |
0.0 |
- |
- |
- |
- |
|
other ppe |
0.0 |
- |
- |
- |
- |
|
Other Total
Intangible Assets, Net |
0.0 |
- |
- |
- |
- |
|
Goodwill |
541.5 |
621.1 |
581.2 |
614.4 |
657.7 |
|
Other Intang. |
969.6 |
978.8 |
643.6 |
548.4 |
681.9 |
|
other Lt invest. |
1,272.1 |
- |
- |
- |
- |
|
Long-term
investment in securities |
- |
1,355.1 |
3,508.9 |
3,558.4 |
4,832.4 |
|
Invt Secs Noncons,
Asc, Affd Cos |
2,538.0 |
- |
- |
- |
- |
|
Invts in Capital
Noncons, Ascd, Affd Cos |
106.7 |
- |
- |
- |
- |
|
LT Investment -
Affiliate Companies |
- |
2,663.4 |
- |
- |
- |
|
Long-term loans
receivable |
272.1 |
161.3 |
268.8 |
282.6 |
371.3 |
|
Fixed Operating
Receivable |
827.4 |
964.9 |
945.6 |
935.3 |
1,099.5 |
|
Deferred tax assets |
272.4 |
638.0 |
657.4 |
649.4 |
312.0 |
|
Other Long Term
Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long
Term Assets |
534.1 |
- |
- |
- |
- |
|
Other Other Long
Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Assets |
- |
471.6 |
420.2 |
399.3 |
446.1 |
|
Other-Inv't
partnership-nonconsol.affil. |
- |
109.6 |
- |
- |
- |
|
Allowance for
Doubtful Account |
-573.2 |
-721.0 |
-612.2 |
-622.9 |
-777.0 |
|
Drfd. Assets |
3.2 |
3.4 |
4.7 |
14.3 |
25.4 |
|
Real estate for
investment |
387.6 |
410.1 |
570.0 |
0.0 |
- |
|
Rounding Adjust. |
- |
- |
0.0 |
- |
- |
|
Total Assets |
25,740.0 |
25,542.3 |
23,126.2 |
23,417.5 |
26,818.1 |
|
|
|
|
|
|
|
|
Notes and accounts
payable-trade |
5,605.4 |
5,007.0 |
4,039.7 |
4,240.3 |
5,817.0 |
|
Short-term loans
payable |
3,429.3 |
1,410.8 |
1,888.8 |
3,562.2 |
2,913.5 |
|
LT borrowings
(current) |
- |
1,577.3 |
858.0 |
- |
2,081.8 |
|
Commercial Paper |
24.3 |
24.1 |
107.0 |
354.4 |
251.2 |
|
Corp. Debt |
424.8 |
723.9 |
429.4 |
426.6 |
754.5 |
|
Current lease
obligations |
- |
14.0 |
9.5 |
- |
- |
|
Taxes Payable |
107.4 |
79.5 |
63.7 |
73.2 |
82.8 |
|
Accrued Expenses |
- |
- |
0.0 |
- |
- |
|
Drfd. Taxes |
1.1 |
1.8 |
0.5 |
6.0 |
0.5 |
|
Accrd. Bonus |
75.9 |
70.5 |
58.8 |
55.7 |
77.2 |
|
Rounding adjustment
Liability |
0.0 |
- |
- |
- |
- |
|
Other Current
Liabilities |
1,831.7 |
1,835.9 |
1,550.9 |
1,809.6 |
1,920.5 |
|
Total Current Liabilities |
11,499.9 |
10,745.0 |
9,006.1 |
10,528.0 |
13,899.1 |
|
|
|
|
|
|
|
|
Corp. Debt |
971.0 |
998.1 |
1,323.3 |
1,570.5 |
1,421.6 |
|
Long-term loans
payable |
8,387.6 |
8,734.6 |
8,166.7 |
7,116.1 |
5,629.0 |
|
Lease obligations |
- |
35.7 |
21.6 |
- |
- |
|
Total Long Term Debt |
9,358.7 |
9,768.4 |
9,511.6 |
8,686.7 |
7,050.6 |
|
|
|
|
|
|
|
|
Pension Liabs. |
172.7 |
158.5 |
142.1 |
163.8 |
195.0 |
|
Drfd. Taxes |
250.0 |
229.4 |
157.8 |
157.2 |
167.6 |
|
Revaluation of
Deferred Taxes |
8.4 |
9.3 |
10.1 |
10.6 |
12.0 |
|
Provision for
directors'' retirement ben |
7.9 |
10.1 |
10.0 |
8.8 |
9.6 |
|
Other Long Term
Liabilities |
0.0 |
- |
- |
- |
- |
|
Other Liabilities |
431.0 |
332.4 |
249.6 |
263.2 |
256.7 |
|
Minority Int. |
298.2 |
307.4 |
267.4 |
369.7 |
445.0 |
|
Total Liabilities |
22,026.8 |
21,560.4 |
19,354.6 |
20,187.9 |
22,035.6 |
|
|
|
|
|
|
|
|
Rounding adjustment
Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
1,946.2 |
1,934.6 |
1,716.0 |
1,608.2 |
1,595.8 |
|
Preferred Stock |
- |
- |
0.0 |
30.4 |
30.1 |
|
Total capital
surpluses |
1,846.9 |
1,835.9 |
1,628.4 |
1,525.4 |
1,513.6 |
|
Total retained
earnings |
1,841.4 |
1,922.8 |
1,567.7 |
1,439.3 |
1,399.1 |
|
Deferred Hedge |
11.3 |
36.5 |
25.2 |
15.3 |
13.5 |
|
Land Revaluation |
-25.7 |
-27.8 |
-22.0 |
-19.3 |
-25.4 |
|
Valuation difference
on available-for-sa |
92.6 |
148.5 |
158.9 |
63.1 |
605.6 |
|
Unfunded retirement
benefit obligation w |
-10.6 |
-8.5 |
0.0 |
- |
- |
|
Translation Adj. |
-1,986.8 |
-1,857.9 |
-1,300.8 |
-1,431.0 |
-348.5 |
|
Treasury Stock |
-2.2 |
-2.1 |
-1.8 |
-1.7 |
-1.5 |
|
Total Equity |
3,713.1 |
3,982.0 |
3,771.6 |
3,229.6 |
4,782.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders'
Equity |
25,740.0 |
25,542.4 |
23,126.2 |
23,417.5 |
26,818.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,251.0 |
1,251.1 |
1,251.1 |
1,233.5 |
1,233.6 |
|
Total Common Shares Outstanding |
1,251.0 |
1,251.1 |
1,251.1 |
1,233.5 |
1,233.6 |
|
T/S-Common Stock |
0.5 |
0.4 |
0.4 |
0.4 |
0.3 |
|
S/O-Preferred Stock
3 |
- |
- |
0.0 |
1.5 |
1.5 |
|
S/O-Preferred Stock
4 |
- |
- |
- |
- |
0.0 |
|
Total Preferred Shares Outstanding |
- |
- |
0.0 |
1.5 |
1.5 |
|
Full-Time Employees |
17,039 |
16,456 |
17,331 |
17,524 |
18,440 |
|
Total Number of Shareholders |
184,536 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
193,291 |
199,503 |
204,843 |
175,453 |
|
Within One Year |
424.8 |
- |
- |
- |
- |
|
Division And End Of Current Period Remai |
2,000.7 |
- |
- |
- |
- |
|
LT Debts <1Yr. |
- |
2,511.5 |
1,287.3 |
- |
2,836.3 |
|
Over One Year And Within Two Years |
364.1 |
- |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
2,610.1 |
- |
- |
- |
- |
|
LT Debts <2Yr. |
- |
3,127.6 |
2,713.0 |
- |
1,662.1 |
|
Over Two Years And Within Three Years |
242.8 |
- |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
1,835.9 |
- |
- |
- |
- |
|
LT Debts <3Yr. |
- |
2,891.3 |
2,623.9 |
- |
2,026.0 |
|
Over Three Years And Within Four Years |
121.4 |
- |
- |
- |
- |
|
Over Four Years And Within Five Years |
242.8 |
- |
- |
- |
- |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
1,637.8 |
- |
- |
- |
- |
|
LT Debts <4Yr. |
- |
1,699.9 |
2,087.1 |
- |
1,136.6 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
1,438.4 |
- |
- |
- |
- |
|
LT Debts <5Yr. |
- |
1,461.8 |
1,396.9 |
- |
1,525.4 |
|
Loans Payable Remaining |
744.1 |
- |
- |
- |
- |
|
LT Debts Remaining |
- |
552.2 |
669.2 |
- |
700.5 |
|
Total Long Term Debt, Supplemental |
11,662.8 |
12,244.1 |
10,777.3 |
- |
9,886.8 |
|
Capital Lease Payments Due within 1 Year |
18.8 |
14.0 |
9.5 |
- |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
18.6 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
- |
11.0 |
8.8 |
- |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
8.8 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
- |
13.6 |
6.3 |
- |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
4.5 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
- |
5.2 |
4.1 |
- |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
2.7 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
- |
1.9 |
2.2 |
- |
- |
|
Capital Lease Remaining |
3.1 |
- |
- |
- |
- |
|
Capital Leases - Remaining Maturities |
- |
4.0 |
0.1 |
- |
- |
|
Total Capital Leases |
56.5 |
49.7 |
31.1 |
- |
- |
|
Pension Obligation |
233.4 |
222.5 |
213.5 |
234.7 |
303.0 |
|
Fair Value of Plan Asset |
52.0 |
58.3 |
66.5 |
61.7 |
61.4 |
|
Funded Status |
-181.4 |
-164.2 |
-147.0 |
-173.0 |
-241.6 |
|
Total Funded Status |
-181.4 |
-164.2 |
-147.0 |
-173.0 |
-241.6 |
|
Discount Rate |
1.50% |
1.40% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expense Unrecog. for Acct. Changes |
0.0 |
0.1 |
0.4 |
0.6 |
1.4 |
|
Unrecognized Actuarial Gains and Losses |
12.0 |
9.1 |
9.6 |
13.0 |
49.0 |
|
Unrecognized Prior Service Cost |
-0.9 |
-1.5 |
-1.6 |
-1.9 |
0.2 |
|
Prepaid Pension Benefit |
2.5 |
2.1 |
3.4 |
2.5 |
4.1 |
|
Accrued Pension Benefit |
-172.7 |
-158.5 |
-142.1 |
-163.8 |
-195.0 |
|
Net Assets Recognized on Balance Sheet |
-159.1 |
-148.7 |
-130.5 |
-149.5 |
-140.3 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Net income before taxes |
778.3 |
458.8 |
203.3 |
368.9 |
772.9 |
|
Depreciation |
421.6 |
281.2 |
249.6 |
265.7 |
252.3 |
|
Impairment Loss |
77.3 |
113.0 |
101.2 |
120.9 |
61.2 |
|
Loss Val. Invest.
Secs. |
33.4 |
9.3 |
178.0 |
150.6 |
53.2 |
|
Amort. of Goodwill |
63.3 |
53.1 |
47.8 |
50.9 |
31.2 |
|
Increase (decrease)
in allowance for dou |
-192.0 |
18.9 |
-42.8 |
-160.5 |
-359.3 |
|
Increase (decrease)
in provision for ret |
14.3 |
10.5 |
-35.5 |
-20.8 |
-25.6 |
|
Interest &
Dividend Income |
-139.0 |
-97.9 |
-104.1 |
-178.6 |
-163.8 |
|
Interest Expense |
306.7 |
279.3 |
279.6 |
293.1 |
291.2 |
|
Foreign exchange
losses (gains) |
5.6 |
45.6 |
-19.7 |
52.7 |
44.2 |
|
Equity in
(earnings) losses of affiliate |
-159.1 |
-225.2 |
-98.8 |
-24.4 |
-252.9 |
|
Loss (gain) on
sales of investment secur |
-117.6 |
-8.8 |
-348.3 |
-300.7 |
-81.1 |
|
Loss (gain) on
sales and retirement of n |
-30.3 |
-51.2 |
-10.7 |
-62.3 |
2.5 |
|
Loss (gain) on step
acquisitions |
-2.5 |
-120.3 |
0.0 |
- |
- |
|
Decrease (increase)
in notes and account |
-252.1 |
-353.9 |
615.7 |
1,174.7 |
-228.6 |
|
Decrease (increase)
in inventories |
-322.9 |
-81.7 |
867.4 |
106.5 |
-949.3 |
|
Increase (decrease)
in notes and account |
602.4 |
611.1 |
-501.1 |
-1,076.0 |
482.5 |
|
Other Operating
Cash Flow |
0.0 |
- |
- |
- |
- |
|
Directors' Bonus
Paid |
- |
- |
- |
0.0 |
-0.2 |
|
Other, net |
345.4 |
102.6 |
-26.2 |
435.7 |
544.5 |
|
Int. & Div.
Rcvd. |
239.8 |
153.7 |
195.0 |
307.2 |
302.9 |
|
Interest Paid |
-302.5 |
-280.2 |
-283.8 |
-288.8 |
-292.3 |
|
Taxes Paid |
-210.1 |
-126.0 |
-112.9 |
-182.6 |
-175.9 |
|
Newly Consolidated |
- |
- |
- |
2.9 |
8.2 |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Cash from Operating Activities |
1,160.0 |
791.9 |
1,153.7 |
1,035.2 |
318.0 |
|
|
|
|
|
|
|
|
Decrease (increase)
in time deposits |
-139.9 |
65.2 |
-3.2 |
38.4 |
-2.3 |
|
Decrease (increase)
in short-term invest |
7.9 |
-4.0 |
3.1 |
14.1 |
-1.7 |
|
Purchase of
property, plant and equipmen |
-452.7 |
-318.0 |
-228.0 |
-435.1 |
-353.0 |
|
Rounding adjustment
Cash flow |
0.0 |
- |
- |
- |
- |
|
Proceeds from sales
of property, plant a |
169.9 |
77.7 |
58.6 |
163.7 |
69.7 |
|
Purchase of
intangible assets |
-110.2 |
-247.3 |
-78.2 |
-217.2 |
0.0 |
|
Purch. of Inv.
Secs. |
-127.0 |
-240.9 |
-205.5 |
-349.3 |
-420.1 |
|
Sale of Inv. Secs. |
245.7 |
166.0 |
711.2 |
516.7 |
352.0 |
|
Decrease (increase)
in short-term loans |
47.4 |
35.6 |
52.3 |
132.9 |
121.5 |
|
Payments of
long-term loans receivable |
-171.6 |
-52.3 |
-24.3 |
-23.5 |
-62.4 |
|
Collection of
long-term loans receivable |
18.9 |
130.4 |
19.2 |
30.7 |
20.7 |
|
Net
increase(decrease) from purchase of |
-29.6 |
29.8 |
0.2 |
-56.6 |
-71.4 |
|
Payments for sales
of investments in sub |
-9.0 |
-5.4 |
-0.5 |
0.6 |
-1.0 |
|
Other, net |
14.5 |
131.0 |
1.1 |
13.2 |
-253.3 |
|
Cash from Investing Activities |
-535.5 |
-232.3 |
306.0 |
-171.2 |
-601.2 |
|
|
|
|
|
|
|
|
Net increase
(decrease) in short-term lo |
43.5 |
-579.8 |
-447.8 |
-570.0 |
-474.7 |
|
Commercial Paper |
- |
-93.4 |
-269.0 |
99.5 |
131.2 |
|
Proceeds from
long-term loans payable |
1,621.8 |
1,949.4 |
2,635.1 |
3,070.8 |
1,851.7 |
|
Repayment of
long-term loans payable |
-1,692.6 |
-1,815.9 |
-2,592.6 |
-2,330.2 |
-1,355.9 |
|
Bond issued |
504.0 |
232.2 |
0.0 |
554.2 |
401.6 |
|
Bond redemption |
-857.6 |
-479.0 |
-360.3 |
-748.5 |
-8.7 |
|
Proceed from
minorities' payment |
0.8 |
5.4 |
0.1 |
5.2 |
8.1 |
|
Purchase of
Preferred Stock |
- |
- |
- |
0.0 |
-892.4 |
|
Purch. of Treasury |
-0.1 |
0.0 |
0.0 |
-0.2 |
-0.2 |
|
Dividend Paid |
-47.5 |
-21.9 |
-46.7 |
-110.7 |
-107.8 |
|
Div. Paid Minority |
-17.9 |
-22.5 |
-14.8 |
-25.0 |
-15.9 |
|
Other, net |
-15.1 |
-15.5 |
-7.9 |
-4.5 |
-7.1 |
|
Cash from Financing Activities |
-460.7 |
-840.8 |
-1,103.9 |
-59.3 |
-470.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-11.7 |
-168.9 |
73.4 |
-401.4 |
-37.5 |
|
Net Change in Cash |
152.1 |
-450.0 |
429.2 |
403.4 |
-790.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
5,259.1 |
5,296.0 |
4,458.4 |
3,720.8 |
4,061.8 |
|
Net Cash - Ending Balance |
5,411.2 |
4,846.0 |
4,887.6 |
4,124.2 |
3,271.0 |
|
Cash Interest Paid |
302.5 |
280.2 |
283.8 |
288.8 |
292.3 |
|
Cash Taxes Paid |
210.1 |
126.0 |
112.9 |
182.6 |
175.9 |
|
Financials in:
USD (mil) |
|
|
Except for
share items (millions) and per share items (actual units) |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Financials in:
USD (mil) |
|
|
Except for
share items (millions) and per share items (actual units) |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 SCs 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.